Iraq elected to chair the Group of 77 and China at the United Nations, 31 AUGUST

 Iraq elected to chair the Group of 77 and China at the United Nations

The Ministry of Foreign Affairs announced, today, Saturday (August 31, 2024), the selection of Iraq to chair the Group of 77 and China ( G77 ) at the United Nations for the year 2025, after the Asia-Pacific Group meeting held to discuss Iraq's nomination for this position.

The ministry said in a statement received by "Baghdad Today", that "the Chargé d'Affairs of the Permanent Mission of the Republic of Iraq to the United Nations in New York, Abbas Kazim Obaid, delivered a speech in which he affirmed Iraq's vision for its role during its presidency of the group, highlighting the main axes of work and stressing Iraq's commitment to the basic principles of the group, especially with regard to supporting the goals and aspirations of developing countries in achieving economic, technological, and social development.

Obaid stressed that "Iraq will work to provide all the elements of success for this presidency, which is the first for Iraq since the establishment of the group, as Iraq was one of the founding countries 60 years ago.

The statement added, "At the end of the meeting, the resolution was unanimously adopted to support the Republic of Iraq to assume the presidency of the Group of 77 and China ( G77 ), as the member states offered congratulations to Iraq and expressed their readiness to support it in its tasks during this important presidency. In another speech, the Chargé d'Affaires expressed his gratitude for the support and endorsement of the Asia-Pacific Group and its confidence in entrusting this responsibility to Iraq, stressing his readiness to work and cooperate with the member states to achieve common goals.

It is worth noting that the Group of 77 and China is the largest group of countries in the United Nations, with 134 member countries  link

ANOTHER PREDICTION OF THE RV OF TNT, 31 AUGUST

 Fri. 30 Aug. 2024 TNT Tony

 “As of today, Iraqi banks can do international transfers with the dinar. The lower denomination dinars are supposed to be available in all regions of the country by tonight.

 All the 3-letter agencies and the banks say that there is nothing left to do except wait. Tony was told he should be getting the 800 number in the next few hours. We should have appointments to exchange this weekend. 

The banks have a set time to start the exchanges.

 It’s supposed to be between now and Sunday, according to the 3-letter agencies. The banks were told that we should  start by Sunday. So after 5 pm Eastern today to Sunday is the window.

 Tony thinks it’ll start on Sunday. The basic rate for the dinar at the exchange centers is supposed to be $7-8, and the basic rate for the dong is $2-3. … 

Tony says all of his sources are still saying the same thing…it’s all DONE. He said Alaq came to the U.S. on Monday. SO this just came out and now 13 Iraq banks are now approved to interact in International banking…. to use any currency they want to include theirs….what does that mean… RV. He said he was told right before the call that our 800 numbers are coming out later today (after 5PM). 

He heard the window is going to be WIDE OPEN after 5PM to Sunday.  The banks told him they were told they would start BY SUNDAY. He is getting texts as the call continues and his bankers are saying they plan on working all weekend through the holiday.”

NADER FROM MID EAST: lets have fun

Weekend News with MarkZ. 08/31/2024

Weekend News With MarkZ 

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

WE HAVE CBD LUCAS AND MATT JOINING FOR THE FIRST 45 MINS AND MARK GIVES THE NEWS AT10:30. THANKS

Member: Good Morning MarkZ & Fam….. Happy Labor Day Weekend

Member: Mark, Any updates from bonds, groups or redemption centers?

MZ: I did get a update this morning from a redemption center contact. They very much still expect to be called into work this weekend.  Their chain of command said to expect to work before Tuesday.  This is excellent news.

MZ: The Deleting the zeros project is back in major conversations in Iraq. I want to make certain you all know how that process works.

MZ: They raise the purchasing power…they increase the purchasing power of the dinar. Then they issue lower denominations.  They do not just chop off the zeros…..but using the large 3 zero notes would become unwieldy. They have been very clear on this from government documents, Sudani and Shabibi. 

Member: They are taking the three zeros from the exchange rate! It goes from !IQD=$.00076 USD to !IQD=.$76USD!

Member: Iraqi Dinar value increase will reflect the lower prices on goods.., homes, autos ..ect

​​Member: I keep saying the new money have to come out first then we rv. Otherwise we get paid in fiat that could loose value 1000% overnight

Member: MARK.. MM post late last night... 13 Iraqi banks now trading international currency

MZ: I think that one is very important. They can now exchange back and forth in different currencies. The mechanism to exchange foreign currencies went live….I think this one is huge. 

Member: Al-Alaq held a series of intensive meetings in New York-included discussions with the US Treasury, the Fed, Visa, Mastercard and MoneyGram) as well as banks (Citi Bank, JP Morgan)

Member: TS said 24-48 hours to be on alert

MZ: That’s what my group people, bond people and redemption people were told. I crossing y fingers. But not riding the roller coaster because we have heard this before. But someday it will be right. 

Member: Bank Story: went online to pay a bill this morning (US Bank). Bill pay calendar is blacked out, can’t schedule any payments until after Sept. 10.

Member: Credit Union Story: 3rd teller to say it at our local INDY CU said Thurs to me that she has not seen the new gold backed currency but they all know all about it. It just hasn’t happened yet. 

Member: Banking has been told its coming. I have heard similar stories from several people. They know they are getting new money soon….they thought they would get it earlier this year. 

Member: Question? With the Basel 3 requirements as of Oct 1, how are big banks going to meet the demands of those requirements if we do not revalue the monetary system?

MZ: I wouldn’t worry about it…These requirements are a joke and not near what banks need to do. It’s not enough…The gold standard is the only thing that will fix this one. 

​​Member: I keep saying the new money have to come out first then we rv. Otherwise we get paid in fiat that could lose value 1000% overnight

MZ: I will have a morning podcast Monday…but no evening one so the mods can relax

​​Member: Mark looking forward to a golden weekend - just putting it out there universe hint hint wink wink

Member: I hope everyone has a safe, amazing holiday weekend!

Member: Thank you, Mark! Thank you, Mods! Have a great weekend, Everyone!

Mod: MARK PLANS ON A MONDAY MORNING PODCAST FOR LABOR DAY. NO EVENING! PLEASE DO NOT EMAIL MARK OVER THE WEEKEND

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

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. 

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

LATEST FROM JON DOWLING, 31 AUGUST

 JON DOWLING

So now Iraq is readdressing the issue of the project to delete three zeros. This is good, but it has to happen under a non corrupt proxy government. If it happened now, it wouldn’t be a Godly RV and wouldn’t be worth much. The timing is everything. Be patient folks, it’s all coming together at the right time. 

@JonDowling

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Iraqi Banks Go Global: Multi-Currency Transfers Now Live!

 

@DINARREVALUATION

DINAR REVALUATION REPORT: Iraqi Banks Expand Foreign Transfer Operations with Multiple Currencies, 31 AUGUST

 Iraqi Banks Expand Foreign Transfer Operations with Multiple Currencies

The Central Bank of Iraq has announced a significant development in the country's banking sector, marking the beginning of a new phase in foreign transfer operations. 

As of August 30, 2024, a delegation from the Central Bank of Iraq in New York revealed that 13 Iraqi banks will participate in external transfers, utilizing multiple currencies.

This move is designed to enhance the diversity of currencies and facilitate international transfer operations, further integrating Iraq into the global financial landscape.

Key Highlights of the Announcement

• Participating Banks: A total of 13 Iraqi banks have been selected to participate in this new phase of foreign transfer operations.
• Multiple Currencies: The operations will involve transactions in multiple currencies, aiming to reduce reliance on a single currency and promote financial flexibility.
• Global Integration: This development is seen as a crucial step towards enhancing Iraq's integration into the global financial system, making it easier for Iraqi banks to conduct international transactions.

Implications for the Iraqi Economy

The participation of Iraqi banks in external transfers with multiple currencies is expected to have several positive implications for the Iraqi economy:

• Increased Financial Flexibility: By conducting transactions in multiple currencies, Iraqi banks can better manage foreign exchange risks and provide more flexible financial services to their clients.
• Enhanced Global Trade: This move is likely to facilitate international trade for Iraqi businesses, making it easier for them to import goods and services from abroad.
• Attracting Foreign Investment: A more integrated and flexible financial system can attract foreign investors, contributing to economic growth and development in Iraq.

Challenges and Future Directions

While this development is a significant step forward for Iraq's banking sector, there are challenges that need to be addressed:

• Regulatory Framework: Ensuring a robust regulatory framework is in place to oversee these operations and prevent potential risks such as money laundering and terrorist financing.
• Infrastructure Development: Continuous investment in banking infrastructure and technology is necessary to support the growth of international transactions.
• Financial Literacy: Educating the public and businesses about the benefits and risks associated with international transactions in multiple currencies is crucial for the success of this initiative.

Conclusion

The Central Bank of Iraq's announcement regarding the participation of Iraqi banks in external transfers with multiple currencies marks a significant milestone in the country's financial sector development. As Iraq continues to integrate into the global economy, this move is expected to bring about increased financial flexibility, enhanced global trade opportunities, and potentially attract foreign investment. However, addressing the challenges associated with this development will be key to its success.