Time: 08/04/2024 19:17:45 Read: 988 times {Economic: Al-Furat News} Central Bank Governor Ali Mohsen Al-Alaq confirmed today, Sunday, that the dollar’s financial reserve is sufficient to create a balance in the market.
A statement by the media department in the House of Representatives, a copy of which was received by {Al-Furat News} Agency today, stated that
“Iraq’s hard currency reserves are sufficient to create balance in the market,” noting that
“the
Central Bank sells more than 250 million dollars daily to meet the requirements of foreign trade.” The statement indicated that
"the Governor of the Central Bank provided a complete briefing on the reasons for the
fluctuation of the exchange rate, the mechanism of operation of the electronic platform and its role in controlling internal and external trade, as well as the file of the housing initiative
, the American sanctions on Iraqi banks, and the status of the bank's cash reserve of hard currencies." "Central"
💢 CBI "claiming" they won't change the rate. I'm taking this as good news.
Why? Because Kuwait said the same exact thing before they actually changed their Kuwaiti Dinar rate. Because I also recall China spending 80 Million dollars on ads projecting their future rate change for months away and then, surprisingly, they changed their rate rather quickly, instead.
They have to cloud the timing of this. It's necessary. Do not get discouraged by this announcement from the CBI. It could honestly be an intentional mislead like we saw with Kuwait and China years ago. 8.5.24
Time: 08/04/2024 15:22:32 Read: 2,860 times {Economic: Al-Furat News} Member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, confirmed that the Governor of the Central Bank, Ali Al-Alaq, confirmed that
“there will no longer be a reduction in the dollar exchange rate.”
Al-Dulaimi said in a press statement that
“the price of the dollar has stabilized somewhat, and may rise and fall within certain limits,” indicating:
“We will not currently go to reduce the price of the dollar, as the Governor of the Central Bank said, given that there are other measures that have not been taken.” She warned that
"the security repercussions that occurred recently and the problems between Iran and America could have repercussions on some banks and the price of the dollar."
She explained that "the Ministry of Finance is demanding financing, and the matter has not yet been resolved, and it is one of the reasons for hosting the Governor of the Central Bank today, as there were answers and he will soon send other answers."
Today, Sunday, the Parliamentary Finance Committee hosted the Governor of the Central Bank to follow up on the
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning-I hope everyone had a fantastic weekend and ready to RV this week
Member: Is today another “Black Monday”?
Member: Between the market crash and the tropical storm effecting the East coast, great distraction for the RV to occur
Member: Market Manipulation Madness: Plunge Protection Project Fails to Halt Historic Stock Market Collapse—or Will They Succeed?
MZ: This is a global crash in the making……The plunge protection team is working overtime right now.
Member: #BREAKING: Over $1.93trillion has been wiped out from the US stock market so far today as the Nasdaq has dropped over 1,000 points..
Member: How is it even legal for the plunge protection team to continually do what they do? Artificially inflating.
Member: Japan stock market crashed?
Member: Saudi and UAE pulling folks from Lebanon. Warning not to travel. I'm here on the edge of it all
Member: Major stock companies' websites are "down" ..ETrade, Schwartz, etc to self protect
Member: Mark, emergency meeting of the fed today.
Member: Mondays are usually quiet but I'm hoping and Praying we hear some good RV news..
Member: Iraq might be salivating watching what's going on.
MZ: I guarantee they are salivating while they watch what is going on.
Member: MARK Z as my grandfather use to say they need to “Sh*t or get off the pot”.
Member: What does it mean for us now that the CBI was taken over by the US Treasury???
MZ: The CBI was not completely taken over by the US Treasury. MilitiaMan did a good one on this yesterday. Nobody panic. What I was told is the last few Iraqi banks that had “issues” with money being filtered towards Iran….5 banks to be exact are being cleaned up…...I was told they are being cleaned up so they can pull the trigger. The world is desperate for this (RV) to happen.
MZ: I think the UST being there is a good sign. There is a lot of pressure on Iraq to pull that trigger.
MZ: Remember when Jaimie Dimon said “The Iraqi Dinar will be the savior of the world? Could there be a global crash, A revalue and the dinar saves the wrld?
Member: When Iraq announces a rate in country , how long for the rest of the world?
Member: with the internet…….probably the whole world will know almost instantly…imo
MZ: These are headlines for today “The Aussie market loses $77 Billion in Monday Morning Bloodbath” and “Japanese stocks crash in biggest one day drop ever as global market rout intensifies”
MZ: “ Japanic Monday: Japanese bonds and stocks halted after plunging into bear market as evertything crashes everywhere” This is historic . This is the biggest 2 day drop in history. Circuit breakers were triggered all over the world.
MZ: Warren Buffet has gone into “Turbo mode” unloading everything he feels is over valued. Going tinto a cash position…
Member: Schwab "Login Unavailable" The login service is temporarily unavailable. We are working to resolve the problem.
Member: not just schwab. but ameritrade and others having trouble logging in
Member: Ya’ll! Gene Sperling, WH Economic Advisor, just stepped down! J Biden released a statement
Member: I am hearing a suspected Crash of the Market set for tomorrow?
Member: Mark, emergency meeting of the fed today. Wharton Professor Siegel calls for 0.75% rate cut.
MZ: We are watching history being made right now- today.
Member: This Thursday is 8/8/2024 - 8+8+2+0+2+4 = 8/8/8 and is also exactly 88 days until the election - I find that interesting.Think something will happen on Thursday? Market crashed completely? False Flag?
Member: August 15,1971 was the day we went off the gold standard maybe that’ll be the day we go back on the gold standard 2024
Member: Going out to get more emergency supplies today….just in case things all go down for a week or more…….
Member: We all should stock up for sure
Member: I really pray this is it! We’re all so tired of the movie.
Member: I am so ready to put in my 2 week notice!!
Member: Thank you Markz for all you do! We should be thanking you everyday! God Bless You!
StacieZ joins the stream today. Please listen to the replay for her information.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
August 3, 2024 Al-Independent/- Three informed sources close to political and parliamentary decision-making in Baghdad revealed extremely dangerous information confirming that the US Treasury Department has taken a permanent headquarters in the building of the Central Bank of Iraq.
They believe that this step came as a result of great pressure on the Iraqi banking system with the aim of reducing money laundering and dollar smuggling operations, as the governor of the Central Bank was forced to allocate an entire floor to the US Treasury departments to monitor money transfer operations
and prevent any illegal activities.
The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq’s compliance with international standards for combating money laundering and terrorist financing. The sources stressed that the Iraqi banking sector is suffering from increasing pressure exerted by the US Treasury to prevent
the smuggling of dollars to countries such as Iran, Russia and Syria, which face economic sanctions. One source explained that the Governor of the Central Bank of Iraq tried to resist these restrictions, but the American response was strict, as the Central Bank of Iraq was included among the institutions considered supportive of money laundering operations and non-compliance with sanctions. In previous reports, it was revealed that the severe sanctions imposed by the US Treasury on several Iraqi banks, on charges of involvement in money laundering and dollar smuggling operations. The policy of the Central Bank of Iraq is characterized by randomness and the absence of a clear strategic plan to protect Iraqi funds from smuggling, which prompted the
US Treasury Department to impose strict and direct supervision on the Central Bank and Iraqi banks. Iraqi banks are currently subject to careful evaluations under the supervision of the US Department of the Treasury, which includes monitoring all banking operations and money transfers. This situation reflects the great challenges facing the Iraqi banking system in light of persistent attempts to reform it and improve its image before the international community. On the other hand, Prime Minister Muhammad Shiaa Al-Sudani repeatedly sought to ease these measures, trying to reach understandings with the American side. But there is strong resistance from Washington, which insists on correcting the course of the economic process and reforming the banking system in
Iraq.
The Sudanese finds himself in a difficult situation, as he must balance internal pressures and international demands. In a broader context, the current situation reflects the complexity of the relationship between Iraq and the United States in the financial and banking field. As Iraq seeks to preserve its sovereignty and
independence of its banking system, the United States continues to exert pressure to ensure that the Iraqi banking systemis not used to finance illicit activities.
