DINAR REVALUATION

Monday, September 9, 2024

Coffee with MarkZ. 09/09/2024

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 Monday morning everyone. Hope you have a blessed day

Member: magical Monday you beautiful people

Member: What news do you have for us today Mark?

MZ: Well, a number of Iraqi sources are saying Iraq is now keeping their oil revenue meaning Chapter 7 Announcement soon that it is completely over, done and signed……They think this is an excellent sign and I think they are right.

Member: There is so much positive news about Iraq being international that they can’t stay with 1310 much longer??

Member: I understand they have started showing the ads for the lower notes and Sudani came on the TV and said the educational phase is almost complete...(Frank 26)

MZ: I don’t know if they are showing ads yet…but they have certainly talked about it. I am trying to get pictures from some people over there that work in banking. They are educating people on them. Sudani made the comment at the end of last week that during his administration they expect to revalue and increase the purchasing power of the dinar.

Member: i read that the CBI said the rate would change by end of 2024.

Member: The question is how long will Iraq take to educate the citizens on the lower notes.

Member: Mark- MM had done a great job again last night and leading to our soon to be party.

Member: I heard Reno is on fire

MZ: Yes there are fires in the Reno area…I do not think it’s important to us or the RV…It is not unusual to see fires this time of year.

Member: I can't even poke my head out the door becuz of wildfire smoke today...worst ever

MZ: The biggest piece I had over the weekend was more confirmations of continuing education of the lower denominations in Iraq. I had a couple more confirmations that Sudani announced on television that they are planning to raise the value of the dinar during his currency administration. I thought that was a great one.

MZ: Another big one over the weekend is any folks are commenting from Iraq that they now have control over their own oil revenues. If this is a fact it means that bills have been paid and we are about to see the official announcement that Iraq is out of chapter 7. This is huge. We know they met all the requirements some time ago. But it now appears they now have full control of their oil revenues. This is a huge piece….We just need an official announcement…before we can set up the band and have a party.

Member: I thought that happened months ago……hmmmm Must have been fake news then

Member: mark last Saturday I walked into my bank to get cash and saw some pallets of what looked to be new equipment…. make me excited

MZ: Today is congress first day back to work and they are facing a government shutdown on Sept 30th.

Member: Mark- Is your gut still screaming between the 11th and the 15th?

MZ: Yes it is….I know that chatter from Iraq has been fantastic.

Member: Maybe 9-11 will be our big day?

Member: I’m afraid we have to wait until after elections.

Member: I am still holding out hope for Oct. 1st which is the first day of the new fiscal year here in the US….

Member: I can’t wait until all of this is over.

MZ: I will be traveling back stateside tomorrow….for kids birthdays ect…..Zester will be hopefully filling in for e this week.

Member: Thanks to all for the encouragement…..have a wonderful day.

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

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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!

DINAR REVALUATION REPORT: Potential Lifting of Ban on Iraqi Banks Within Six Months, 10 SEPT

Potential Lifting of Ban on Iraqi Banks Within Six Months

As of September 9, 2024, a significant development in Iraq's financial sector is anticipated, with the possibility of lifting the ban on 14 Iraqi banks that were previously prohibited from conducting US dollar (USD) transactions. 1 The ban was initially imposed due to concerns over illicit activities, including money laundering and the potential redirection of US currency to sanctioned individuals or jurisdictions. However, recent assessments suggest that the banks' compliance mechanisms and regulatory oversight have improved, paving the way for a potential reversal of sanctions. 2

The Impact of the US Dollar Ban on Iraq

The imposition of the ban in recent years has had a significant economic impact on Iraq, affecting the Iraqi dinar's stability and leading to a tightening of wire transfer controls between the US Treasury and the Central Bank of Iraq. This, in turn, caused a decline in the value of the Iraqi currency. 1 The USD plays a crucial role in the Iraqi economy, and the ban's effects were felt across various sectors, particularly in trade and investment.

Iraq's Strides Towards Economic Stability

The financial advisor to Iraq's Prime Minister, Mazhar Muhammad Salih, has highlighted the role of the central bank's decisions in reducing inflation rates and enhancing the value of the national currency. 2 Salih emphasized that sustainable economic growth, driven by high productivity, good employment, real investment, and innovation, is essential for the currency's strength. Moreover, technology and innovation are seen as key factors in improving productivity and economic growth, which can, in turn, enhance the currency's value.

Reforms and the Future of Iraqi Banking

Despite ongoing challenges, including corruption within the banking sector. 3Iraq's financial system has shown signs of resilience and improvement. The potential lifting of the ban on Iraqi banks is a testament to the Iraqi government's efforts to reform and stabilize its economy. However, the effectiveness of these policies in confronting real economic challenges and the ability of the Iraqi economy to achieve sustainable growth remain subjects of ongoing debate and scrutiny.

Conclusion

The anticipated lifting of the ban on Iraqi banks within six months signifies a positive step forward in Iraq's economic recovery and financial stability. This development reflects the progress made in addressing previous concerns over illicit financial activities and underscores the importance of continued reforms and improvements in the banking sector.

Economist: The Ban On Iraqi Banks May Be Lifted Within Six Months, 10 SEPT

Economist Ahmed Abd Rabbo revealed today, Sunday, that

Oliver Wyman has conducted a comprehensive review of the conditions of Iraqi banks, and its report may be issued after six months.

Abd Rabbo said in a special statement to the Maalouma Agency,

“The decisions of that company regarding the sanctioned banks will be binding on the Central Bank of Iraq and the US Federal Reserve,” noting that

“reforming the banking system facilitates the process of economic reforms.” He continued,

"The company's final report may lift the ban on Iraqi banks, while it was positive," pointing out that

"lifting the ban on Iraqi banks will help support the Iraqi economy."

It is noteworthy that America imposes several sanctions on Iraqi banks in an attempt to pressure the Iraqi government to pass various policies. https://almaalomah.me/news/75810/economy/اقتصادي:-الحظر-على-المصارف-العراقية-قد-يرفع-خلال-ستة-اشهر

GOLDILOCKS CC NOTES HIGHLIGHTS, 10 SEPT

Summary

New IRS Exchange Tax Law effective September 9, 2024, impacts cryptocurrency trading, international treaties, and currency valuations.

Highlights

🚨 New IRS Tax Law: Effective today, impacting cryptocurrency transactions.
🌍 International Treaties: Countries signing agreements affecting trade and currencies.
💱 Currency Backing: All currencies to be backed by national commodities.
📊 Digital Asset Regulations: New guidelines for reporting gains and losses.
🏡 Real Estate Tax Reporting: New requirements for real estate transactions.
🔄 Compliance Deadline: New regulations effective September 16, 2024.
📅 Future Updates: More changes expected in October regarding currency regulations.

Key Insights

📈 Impact of New Tax Regulations: The IRS now requires brokers to report cryptocurrency gains and losses, creating obligations for traders and affecting tax liabilities. This change emphasizes the growing scrutiny of digital assets.
🌐 Global Trade Agreements: As countries finalize international treaties, local currencies will replace the US dollar in trade, potentially reshaping global economic dynamics and currency stability.
🏦 Commodities-Backed Currencies: The trend of backing currencies with physical commodities like gold and silver increases their stability and trust, hinting at a return to more sound financial practices.
⚖️ Real Estate Transactions: New rules require detailed reporting for real estate purchases, reflecting an increased focus on transparency in asset transactions and potential tax revenue.
🔍 Regulatory Oversight: The integration of various financial regulatory bodies suggests a more cohesive approach to monitoring currency exchanges and trading practices, enhancing accountability.
📅 Upcoming Changes: Significant amendments to currency regulations are set for mid-September 2024, indicating a rapidly evolving financial landscape that investors should monitor closely.
💬 Community Engagement: Encouraging dialogue and questions among viewers fosters a supportive community, emphasizing the importance of staying informed during this period of change.

DINAR REVALUATION HIGHLIGHTS: " IRAQ IS IN THE FINAL STAGES OF THE MONETARY REFORMS

Coffee with MarkZ. 09/10/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Update- Some highlights by PDK-Not verbatim

Member: Good Tuesday Morning Mark Z, Mods and RV’ers !

Member: Really could use some Hopium today. Hard to watch everything play out, but we still sit here and wait. I wish I were better at patience.

MZ: I think this is important and setting the stage for a fantastic move and possible clouding the reason why??? From the Wall Street Journal . “ Iraqi Banks used US-created system to funnel funds to Iran” Iran does have a tremendous amount of influence in Iraq. Now what are they going to do? They feel they have to crack in on this….If they do this- dinar may drop by at least 10% and the US dollar will be more in demand.

MZ: In a news article from Baghdad today- “ It will turn the parallel market upside down-Sources: Expected decisions from the Central Bank will confuse markets and raise exchange rates” When they say raise exchange rates…they are talking “in the wrong direction” So if one US dollar now equels 1310 dinar ….it will go to one US dollar equels 1500 dinar or so. So what they are going to do is have an auction on US dollars. They are planning on injecting ore US dollars into the markets and buy dinar off of the streets. “To help support the exchange rate” is the claim. And to help clean up the sanctions and oney laundering….

MZ: Think about this. It will hurt the value of the dinar temporarily…..but allows them to buy it at a discount through major auctions. Suck trillions more dinar off the streets …What a great prep going into a re-valuation. It will help them justify a higher value. This may be major for us.

MZ: This is my theory and I think it makes sense.

Member: Sounds like bad news to me….like they won’t RV for weeks now.

MZ: If auctions are immediate- they could be ready in a day or two. I believe they will move forward quickly on this.

MZ: Also the Iranian President is coming to Iraq tomorrow for some talks….this comes on the heels of the articles about Iraq funneling funds to Iran.

MZ: Remember Sudani said just last week that they plan to revalue this year during his administration….I think the timing is great and they are setting the stage.

Member: Remember- by the time we see Iraq news it was already done and we are getting it after the fact?

Member: Mark-any word from your banking, bond or group connections??

MZ: Bond people are still quiet this week. They are still waiting.

Member: I feel sorry for all the bond people that are asked to travel only to be told SOON

Member: I think the Bond people are like us …like the Boy who cried wolf….the PTB lie to them constantly…..and we/they no longer believe anything.

MZ: “Illinois Trucking Company with 480 drivers abruptly ceased operations” They are contracted with the US postal service to haul mail. They are ceasing operation as of Monday and now there will be many postal trailers sitting at docks as of next week.

Member: What is all the chatter about National Guard Troops in every major city?????

MZ: We are seeing very unusual movement with the National Guard in major cities. We don’t know the reason why….but lots of theories out there.

Member: Maybe because tonight is supposed to be a presidential debate?

Member: Wish it was because we need security when we exchange …sigh

Member: Maybe they are finally starting to clean house……start arrests?

Member: Is it our military holding things up? So it seems!!! Every other country is ready to go!!! What’s up with that?

Member: I really hope the RV goes with Nesara/Gesara so we can all be blessed at once

Member: Amen to that.

Member: Mark can you go over your podcast schedule this week?

MZ: I will be off to the airport for a trip stateside right after this podcast. Going to see my children for their birthdays…I will continue to do mornings…..Zester will be filling in some evenings this week …. There will be no Whiskey and Wisdom this week

Member: Zester is a chip off the old block and is quite knowledgeable.

Member: Safe travels Mark….and have a great trip.

Member: Markz… may your trip be uneventful & your visit exciting & relaxing!

Member: Everyone stay positive…..and keep the faith

Member: Faith consists in believing when it is beyond the power of reason to believe.

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

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THANKS FOR JOINING. HAVE A BLESSED DAY! POSSIBLY NO PODCAST TONIGHT UNLESS BREAKING NEWS HAPPENS!

DINAR REVALUATION REPORT: Iraq's Monetary Reform: Nearing Completion in 2024, 10 SEPT

Iraq's Monetary Reform: Nearing Completion in 2024

Overview of Iraq's Monetary Reform

Iraq is in the final stages of a significant monetary reform that began in 2024. 1This reform is part of the broader economic measures designed to address the country's fiscal challenges and reduce its heavy dependence on oil revenues. The International Monetary Fund (IMF) has been closely involved in the process, providing guidance and financial support.

Economic Growth and Fiscal Expansion

The Iraqi government has projected continued economic growth, supported by fiscal expansion. 1 This expansion is critical, as it aims to cushion the economy against medium-term vulnerabilities, particularly the increased risk of oil price volatility. To ensure fiscal sustainability, the government is focusing on controlling the public wage bill and increasing non-oil tax revenues.

Challenges and Opportunities

Iraq faces significant challenges in diversifying its economy and modernizing its financial and banking sectors. 2 The country's history of conflict and political instability has hindered economic development and private sector growth. Corruption remains a pervasive issue, and the lack of basic services is widespread. However, the government's commitment to the monetary reform presents an opportunity for Iraq to stabilize its economy and lay the groundwork for more sustainable growth.

Budget Approval and Economic Policy

In a notable development, Iraq's parliament approved a three-year federal budget for 2023 to 2025, the largest in the country's history. 5 This budgetary decision is ambitious but also precarious, given Iraq's heavy reliance on oil revenues. The government's ability to fund local investment projects and hire public sector employees is a positive sign, but the volatility of oil markets and Iraq's limited influence in global oil dynamics pose challenges to its economic stability.

Humanitarian and Development Context

Iraq continues to grapple with the aftermath of conflict, including internal displacement and inadequate public services. 4 Despite this, the country has made some strides in human rights and social development, with efforts to combat corruption and improve government services. 6 The government's focus on the five key issues of corruption, unemployment, poverty, economic reform, and service improvement is crucial for addressing the grievances of Iraqi citizens.

Outlook

As Iraq nears the completion of its monetary reform, the country stands at a critical juncture. 1 The reform's success will depend on the government's ability to implement fiscal adjustments, enhance private sector development, and navigate the challenges of economic diversification and political stability.