Is the decline in oil prices related to the rise in exchange rates? An "important" clarification from Al-Alaq, 18 SEPT

9/18/2024  Baghdad

The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, while he indicated that the decline in oil prices has nothing to do with the rise in the exchange rate.

Al-Alaq told the official agency, which was followed by "Al-Eqtisad News", that "the Central Bank provides the dollar at the official price to all commercial and personal channels, travelers, and all types of operations that represent legitimate activities, operations, and requests." 

He pointed out that "any price outside the country is a price that only indicates the existence of abnormal operations that attempt to deviate from the official and legal system and the correct fundamental channels," stressing the need to "focus on the amount of sales carried out by the Central Bank at the official price and those seeking the dollar, whether they are traders, importers, individuals or travelers."

He pointed out that "methods have been put in place for each channel to secure the provision of dollars on the one hand, and a very large degree of oversight to verify the integrity of the pre-operations before they are implemented," noting that "this is a major shift in foreign transfer operations, as they were previously audited at a later stage, and today all transfer operations are not carried out or implemented except after they are subject to the auditing process."

He explained that "the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has foreign currency reserves that enable it to defend the exchange rate."  LINK

Coffee with MarkZ. 09/18/2024

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 morning and welcome to mid week already…..Is this our big day??????

Member: We should have known all along... IRAQ, "Its Really Always Quiet" It’s in their name

Member: Anybody hearing any good news? Bruce thinks we’re going to get numbers this afternoon

Member: Jeff Rahm says the rv has started and Reno is going.

Member: I hear it could be between now and Sunday for an RV

MZ: That’s pretty much what I have been hearing. 

MZ: My bond people have been eerily quiet with only one of them checking in…..and their appointment has been punting from today to Saturday…..but it’s because they did not meet compliance and had a document that needed correction…I am waiting for updates from others to see if anything is moving today or this week…...

Member: Those poor bond people…..must be even more frustrated than we are!

Member: Perhaps; the Bonds are being paid on the QT with a caveat that peeps keep their yap-shut? Thus; the paid-out funds are finally released at one time at the end ?

Member: I hear some bond people have been paid but funds not released yet?

MZ: That is my understanding as well.

Member: I’ve heard all bonds paid to all tiers! Just waiting for notification ‘s ! Green light is on ! Let’s getter done

Member: I have friend who is Native American. He received notification from the heritage fund.

Member: MARKZ, A RATE question, VND ,IYO, will IT be higher than $.47?

MZ: Most rumors put the rate somewhere around $2.25 to $3 or so…..But we don’t know that answer for certain. 

Member: We have always been told this event would happen in the dead of night when no one would expect it. It that iraq’s overnight or ours????

MZ: I was told that the most likely time for this to happen was between 11 pm to 2 pm est…Because that time would be easiest for the entire world to do a reset…..It does not have to be during that time but, it is the most likely time. 

MZ: “Nassim Taleb : People aren’t seeing the real de-dollarization ” I thought this was a fantastic read from Mike Maharry….he writes over at MoneyMetals. He goes through the history of de-dolarization and what we have watched occur. The world has de-dollarized over 14% wihin 2 years. He shows us the slowly, slowly, Suddenly …and the suddenly part is happening real soon. 

Member: Recaps posted it yesterday….good article

Member: Dow down 120. Could today be the day it crashes?

Member: Greg Mannarino thinks the crash will happen this week. 

Member: Sleepers will wake up quickly when the ATMs are empty

Member: Sudani meant to attend UN General meeting next week – I wonder if he will go with the 1310 rate????

Member: Goldilocks has said that October 1st is a Basel 3 deadline first step for large US banks to have a small percentage of physical gold,

Member: The Harvest Blood moon was yesterday, the harvest is here, new beginnings.... we manifest this worldwide wealth transfer now

Member: The end of USA Physical Year in 12 days .. Rosh Hashanah, New Year 5785 in 14 days ...

Member: Happy Days are coming friends

Member: Thank you all for everything you do to make this a better world!!!!

Member: Hope you are all having an amazing Wednesday

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

TNT UPDATE, 18 SEPT

 TNT UPDATE 

GOOD MORNING TNT. TODAY IS WEDNESDAY SEPTEMBER THE 18TH 2024

I WAS THINKING WE WOULD DO THIS A LITTLE BIT DIFFERENT; BUT I DIDN'T TELL RAY

HERE IS THE GOOD NEWS.............THE TECHNICAL SITUATION HAS BEEN RESOLVED.Sep 18

 BANKS GOT MEMOS YESTERDAY- THEY WERE SUPPOSED TO GET READY AND BE THERE -THIS MORNING, THE MESSAGE WAS GET READY BECAUSE IT WAS SCHEDULED FOR THIS MORNING 

 BETWEEN NOW AND FRIDAY - WE ARE NOW WAITING FOR THIS BIG ANNOUNCEMENT ON THE FED RATE AND WHAT IT WILL DO FOR THE ECONOMY

IT COULD GO WHILE WE ARE ON THIS CALL OR RIGHT AFTER - BUT THE RV ANNOUNCEMENT SHOULD BE TOMORROW MORNING; NOT FRIDAY

THERE IS A SCHEDULED TIME BUT NO ONE WANTED TO PUT IT OUT THERE

THE MARKETS SHOULD CHANGE IMMEDIATELY AFTER THE RATE CHANGE WHICH IT NORMALLY DOES Sep 18

MARKET WILL CHANGE WITH THE FED ANNOUNCEMENT. THEY WANT THINGS TO SETTLE DOWN AND THEN LET THE RV GO

 WE WILL SEE AND WE ARE LIVE. THINGS GOING MINUTE BY MINUTE - I'VE GIVEN YOU ALL THE INFORMATION. THE RATES ARE OUT, THE BANKS ARE READY. HOPEFULLY, YOU ARE ALL READY

THE TEXTS AND THE EMAILS WILL GO OUT; YOU SHOULD BE PREPARED 

I WAS TOLD WE WILL BE THE FIRST ONES TO GET THE INFORMATION FROM THE BANKING SIDE SOMEONE ELSE WILL ALSO GET IT - ANOTHER GURU. 

SO THIS SHOULD BE OUR FINAL CALL

🚀 TreasuryDirect & Quantum Financial System: Revolutionizing Currency Ex...

Benefits of the New Regulations : TreasuryDirect Accounts and Banking System Enhancements in 2024, 18 SEPT

 Benefits of the New Regulations

TreasuryDirect Accounts and Banking System Enhancements in 2024

TreasuryDirect accounts have undergone improvements to facilitate larger currency exchanges, reflecting new regulations aimed at streamlining the banking system. These changes are part of a broader effort to modernize financial processes and enhance efficiency in the banking sector.

The updated regulations for TreasuryDirect accounts are expected to have several positive impacts on the banking system: 

Enhanced Liquidity: Larger currency exchanges will improve liquidity in the financial markets.

 Increased Efficiency: Streamlined processes will result in faster transactions and reduced administrative burdens. 

Better Risk Management: Improved regulations can lead to more effective risk management strategies for financial institutions. 

Strengthened Trust: Enhanced transparency and security measures will bolster public trust in the banking system.

Conclusion

The modifications to TreasuryDirect accounts and the banking system regulations implemented in 2024 are designed to foster an environment that is more conducive to efficient and secure financial transactions. By enhancing liquidity, increasing efficiency, improving risk management, and strengthening trust, these changes are poised to benefit both financial institutions and the general public.

DINARLAND UPDATE: ABOUT THE TREASURY DIRECT ACCOUNTS AND HOW WILL FACILITATE LARGER CURRENCY EXCHANGES, 18 SEPT

 Summary

TreasuryDirect accounts will facilitate larger currency exchanges, with new regulations supporting a more efficient banking system.

Highlights

• 🚨 TreasuryDirect accounts enable direct access to exchanged funds.
• 🔄 New regulations prepare for larger currency exchanges.
• 💻 A digital clearing service for currency transactions is launching.
• 📈 Central clearing rules for Treasury markets are expanding.
• 🌐 Foreign currency trading operates under U.S. Treasury Securities.
• 🏦 Exchange Stabilization Fund supports global currency transactions.
• 💡 The Quantum Financial System will revolutionize currency exchanges.

Key Insights

• 🔑 TreasuryDirect accounts serve as a direct link for individuals to access their exchanged wealth, enhancing financial security.
• 📊 The new regulatory framework is designed to streamline processes, ensuring readiness for significant currency inflows.
• ⚙️ The launch of a digital clearing service indicates a shift towards more efficient and tech-driven currency transactions.
• 📜 Expanding central clearing requirements highlight the U.S. Treasury’s commitment to transparency and stability in currency markets.
• 🌍 The Exchange Stabilization Fund provides a safety net, ensuring that currency exchanges are supported by a robust financial infrastructure.
• 🛠️ The integration of a Quantum Financial System signifies a major advancement in how currencies are traded, with potential global implications.
• 🚀 The collaboration between digital assets and traditional currency systems is paving the way for a seamless transition into a new financial era.

How Oil Prices Impact Iraq's Economy and Exchange Rates