Monday, September 2, 2024
Labor Day Coffee with MarkZ. 09/02/2024
LATEST FROM BRUCE, 2 SEPT
Bruce
[via WiserNow]
Sunday night...five o'clock Eastern...after the Forex...opens back up for trading... we're going to see all new rates on all currencies...
They should see all brand new rates Sunday night period. Now – we would see them, probably Tuesday since Monday is a holiday. ...we don't have this absolute,
but my belief is we can get notified on Monday which is is labor day here in the United States - and then set our appointments and start on Tuesday...I'm just believing that we are finally at the end.
Thurs. 29 Aug. Bruce
- On Thurs. 29 Aug. 2024 there were solid but lower bank screen rates on the Redemption Center gray screens.
- On Thurs. 29 Aug. 2024 the Global Financial System was fully implemented and ready to go.
- All the banks have been totally integrated.
- The Dinar rate was three times higher at a Redemption Center than it was at a bank.
- The Dong rate was twice as high at the Redemption Center than it was at a bank.
- Zim has to be redeemed at a Redemption Center, not a bank.
- Tier4b should be notified to set appointments on Mon. 1 Sept.
- Mortgages and credit card debt elimination was starting Wed, Thurs, Fri, 4,5,6 Sept. and will run to Sun. 15 Sept.
- R&R should kick in the first week of September.
- Global arrests are taking place right now.
- The Forex comes up Sun. at 5pm EST with the new rates.
- If you are a Zim Holder the Redemption Center will give you a coupon for a Q phone.
https://dinarevaluation.blogspot.com/2024/08/dinar-and-dong-rates-in-redemption.html
DINAR REVALUATION REPORT: Iraq Maintains Credit Rating and Foreign Exchange Reserves Level in 2024, 2 SEPT
Iraq Maintains Credit Rating and Foreign Exchange Reserves Level in 2024
As of September 2, 2024, Iraq has successfully maintained its credit rating and the level of its foreign exchange reserves, according to the latest report by Standard & Poor's (S&P) [1]. This positive development underscores the country's financial and economic stability, as well as the ongoing reform efforts by the Ministry of Finance.
Credit Rating and Outlook
Iraq's credit rating has been affirmed by S&P at B-/B, with a stable outlook [1]. This rating indicates that the country's financial condition is currently considered speculative grade but not in immediate danger of default. The stable outlook signifies that there are no immediate pressures for a rating change in the near term.
Foreign Exchange Reserves
Iraq's foreign exchange reserves have remained robust, exceeding the level of its external public debt [1]. This surplus is a testament to the stability of crude oil prices, which has been a key factor in bolstering the country's reserves. The reserves provide a buffer against external shocks and ensure that Iraq can meet its external financial obligations.
Economic and Financial Reforms
The Ministry of Finance's reform policy has been instrumental in maintaining the credit rating and foreign exchange reserves [1]. Efforts to diversify the economy and modernize the financial and banking sectors are ongoing, though they face challenges due to the country's political dynamics [3].
Potential for Improved Credit Rating
S&P's report suggests that Iraq's credit rating could improve if the country experiences increased economic growth, diversification of public revenues, a rise in per capita income, and continued reform procedures [1]. Achieving these conditions would strengthen Iraq's financial position and reduce its vulnerability to external shocks.
Challenges and Risks
While the current situation is stable, Iraq faces several challenges. The country's economy is heavily reliant on oil revenues, which exposes it to price fluctuations in the global market [2]. Additionally, corruption and the lack of basic services are widespread issues that hinder economic development [3].
Conclusion
Iraq's maintenance of its credit rating and foreign exchange reserves level in 2024 is a positive sign of the country's financial health and resilience. Continued reform efforts and diversification of the economy could lead to further improvements in the country's creditworthiness. However, addressing the challenges of economic diversification, corruption, and service provision remains crucial for long-term stability and growth.
Finance: Iraq maintains its credit rating and foreign exchange reserves level, 2 SEPT
Finance: Iraq maintains its credit rating and foreign exchange reserves level
The Ministry of Finance confirmed, on Sunday, that Iraq has maintained its credit rating and the level of foreign currency reserves.
The ministry said in a statement, seen by "Al-Eqtisad News", that "in the latest report issued by Standard & Poor's Credit Rating Agency (S&P), Iraq maintains its credit rating at B- / B with a stable outlook, indicating financial and economic stability in Iraq."
It added, "The new rating reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and fulfilling other external financial obligations as a result of the stability of crude oil prices." It continued,
"The agency's report indicated the possibility of improving Iraq's credit rating in the event of an increase in the economic growth rate, diversification of the state's oil and non-oil public financial revenues, an increase in the per capita income share of the national income, and the continuation of financial and economic policy reform measures." link
LATEST FROM WALKINGSTICK, 2 SEPT
Walkingstick
Article: "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency"
These articles, this misleading, is intentional right now...Contradicting statements are found throughout all of these statements, all of these articles...The 25 note has to become a 25k note?
There isn't even a 25 note...When did Iraq last have a 25 note? Never.
--
Walkingstick
[Iraqi bank friend Aki update]
Question: You're asking us why we are not talking to you about these [lower note] commercials. Can you tell us more about them?
AKI: Yes, they are coming out. This is the media campaign we told you about. It's getting faster and faster and louder and louder.
The purpose is to show the citizens the new lower notes and more information.
These commercials are coming out at any time now...Nothing is in the way to block this next step. It is a massive media campaign.
[[Iraqi bank friend Aki update]
New York is to remove the red tape that the United Nations is still holding on the banks of Iraq that are not participating in the monetary reform.
These sanctioned banks may stay sanctioned or be shut down completely.
It really doesn't matter to the monetary reform process but this is something that is needed to be done.
https://dinarevaluation.blogspot.com/2024/08/lower-notes-yes-they-are-coming-out-by.html
TIDBIT FROM FRANK26, 13 NOV
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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JENTEL RV UPDATE RV NEWS- AA Uriel Payments are being received. They started yesterday in other countries. To meet today's requireme...