The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, denied the existence of a problem with the cash liquidity in the Iraqi currency.
Saleh said in a press statement, "There is no problem with liquidity at all because it is covered by foreign currency," indicating that "the mechanism for obtaining cash liquidity is that oil sales are converted into US dollars, and when the government needs the dinar for internal exchange, it exchanges oil sales for dollars and goes to the cash issuing bank, which is the central bank, to give it the currency."
He pointed out that "the Central Bank, in order to maintain market stability, sells foreign currency to the market through a currency sale window and auction, to withdraw liquidity again and then repeat it again to achieve natural growth in the issued currency."
Regarding the size of the monetary mass, Saleh explained that “there was an increase in liquidity during the year, as the issued currency became around 100 trillion dinars, after it was 80 trillion dinars,” stressing that “these booms do not have an impact as long as they are covered by foreign currency.”
The Prime Minister's financial advisor believes that economic circles around the world were surprised by the sharp fluctuations and declines in the US stock market amid a wave of panic over fears of a possible recession in the world's largest economy, and that "these declines were based on a combination of local and global economic factors that led to a weakening of investor confidence in the performance of the US economy. If the situation continues for six consecutive months, the recession will turn into a major depression that will hit all economies around the world."
Saleh pointed out that “the US Energy Information Administration had previously announced that it expected average prices to reach about $89 per barrel for the rest of 2024, but there is a gradual decline in global oil prices, which has begun to coincide with the decline in the value of financial assets in the US markets, especially the decline in the benchmark oil (Brent crude), which ranges around $76 per barrel for futures contracts after reaching nearly $88 per barrel last June, which requires more caution and economic precaution.”
link
Article: ”Central Bank Governor's Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?"
Quote: "Tuesday, that Al-Alaq decided to submit his resignation after facing multiple problems in the financial sector, in addition to his inability to fulfill his promises to control the exchange rate. This request comes at a sensitive time for the Iraqi economy, which suffers from severe fluctuations in exchange rates and direct impacts on the local economy."
Article: "The Iraqi Stock Exchange achieves “positive results” in light of the major and accelerating collapse of global stock exchanges!"
Quote: "the Iraqi Stock Exchange, unlike the world, achieved positive results for this day, unlike the data of Arab and international stock exchanges, indicating that the stock exchange in Iraq operates in a business environment that is almost separate from international markets."
State of Law coalition member Saad al-Quraishi confirmed that political and economic interests are behind the continued presence of American forces inside Iraq.
Al-Quraishi told Al-Maalouma, “Political and economic interests may be an excuse used by some parties to keep American forces inside Iraq and not take a decisive decision to leave the country.”
He added, "Iraq cannot currently remove American forces from its territory due to the lack of political will." He stated that "Iraq will not benefit at all from the presence of American forces on its territory, as Washington is the first party to benefit from the presence of its forces inside Iraq to ensure its dominance over the region."
He pointed out that “the American presence in Iraq was imposed by Washington and not at an Iraqi request.” link
Alaq, all kinds of crap coming out about him...Seems to me they were hip to what was going on damn near a year ago and this would explain whey there's so many restrictions taking place with the Iraqi Bank as well as other banks in Iraq and why it is that the United States felt like they had to take up a whole entire floor inside the Central Bank of Iraq...
The Central Bank of Iraq was forced to allocate an entire floor to the US Treasury department to monitor money transfer operations and prevent any illegal activities. Talk about a very clear violation of Iraq's sovereignty. This is how bad things have gotten...
The United States has now taken up permanent residents within Iraq's central bank...
Article: "The Governor of the Central Bank of Iraq resigns" He's pressured out. There's all kinds of crap happening...he was behind some shady things and it looks like now he is resigning. They are going to say it had to do with his retirement
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: A Beautiful morning to you all
Member: Good morning all you future millionaires
Member: are we stinking close? lots of chatter? money moving?
Member: Is this our weekend??? 8.8.8 Incredible Financial Day -Angel Numbers
Member: I think we are in the middle of the Hunger games….
MZ: Look at DC…you may be right.
MZ: RV is mostly a nothing burger again….All we have is rumors of the HCL is in the Kurdish regions where they made a couple changes and sent it back to the parliament…so it is now with them. We heard parliament has agreed on it and now we are waitng for them to say Boom –it’s done.
MZ: So in Iraq they seem excited that Alaq is going to gone and the pending public approval of the HCL .
MZ: Quiet on the bond front, quiet on the RV front,quiet on farm claims, quiet on CMKX
Member: Consecutive nothing burgers is a good sign. More and more with NDAs.
Member: I heard we are days away NOT months just quiet due to NDAs. Pray it is so for everyone
Member: Mike Bara said yesterday that some farm claims checks…..black checks issued by the government are now being cashed by recipients…..hope that is true…if it is things are moving.
Member: Wolverine in telegram has been putting news that different platforms are moving from Brazil to Zurich to Japan- farm claims,
Member: today is my birthday 8-8. Was hoping for something good to happen.
MZ: Don’t give up hope. We could hear that HCL has been approved....and a rate change today. From a logistics prospective I would not be surprised.
Member: ( From Dinar Guru) Mnt Goat Article: "PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS" Quote: "the government must work on amending and adding new paragraphs to the law..." WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far...
MZ: I am still hearing there is an opportunity for HCL to pass before the weekend is out.
Member: MM and PompeyPeter say this Al Alaq news is “dodgy”
MZ: It is weird for sure. But it sure has some of the finance people in Iraq very excited.
Member: Mark, if it goes prior to NESARA and is taxed, when NESARA is enacted, would we get the taxes refunded?
Member: so all the hype about the market crash this week was for nothing?
Member: The current stock market makes no sense at all.
Member: It would be better if they let it all implode with an endgame. It would be easier to reset, adjust prices ect…if they let it all burn down . That would be better than trying to fix the broken foundation or fix the spots the termites ate…..They need to let it all burn down. Logistically that would be easier but billions of people will suffer….but be better in the long run.
MZ: “Dow Jones drops 230 points lower as Wallstreet comeback attempts fizzle out”
MZ: “ Zerohedge: “Is this the start of a crash? That is how Goldman is trading it. “ Whenever they have done this in the past it accompanies a heck of a bear market. If this is any indicator from history- this bear will be roaring for quite some weeks.
Membr: Anyone heard from Issac- he has quit posting.
MZ: He may be being leaned on like everyone else to stop sharing specifics.
Member: Mark. Quick question. How long do you think we have to see the effects of not being the petrodollar? It’s been 90 days since OPEC failed to sign the contract with the US
Member: I think the effects are happening…just MSM hides all the facts…..
Member: What are the current currencies supposed to be in the first basket?
Member: First Basket is a basket of currencies thought to be a min of 19 and as many as 30 currencies.
Member: From a year or so ago- this was posted: 1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan 20. India 21. Libya 22. Japan 23. Zimbabwe
Member: It’s getting excruciating and exciting. We definitely have to survive if we have made it this far! Praying for God to protect all those hurting in the community! Hang in there!
Member: It breaks my heart to see what is happening in the world and it needs a lot of prayers.
Member: To all of you have a blessed day and many wonders… fill your lives with hope, faith and love.
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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