Steve:
This is from Mahoney and Jon Dowling video today 9.20.24. This is a billboard in Zimbabwe. The vice president is running for president. And in his mandate he will be honoring the Zim bonds that we have if he is voted in. Thinking this is actually going to happen and usher in the RV as well. Not sure on the 1 to 1 though. But do know that Zimbabwe is an incredibly rich country. Top 4 in the world for in ground assets.
Mawazine News – Reports
The American newspaper “Politico” reported on Saturday that the United States is preparing to announce an agreement with Baghdad this week, related to reducing the number of American troops in Iraq.
The troops, currently numbering 2,500 troops, are expected to leave by the end of 2026, a decision that sparks widespread controversy among some American lawmakers.
The report pointed out that negotiations between the Iraqi and American sides have reached their final stages, while there is still concern about the continuation of the battle against the remnants of terrorist organizations in Iraq and Syria.
A senior US Department of Defense official confirmed that “terrorist organizations have been defeated on the ground, but the threat they pose remains.”
This agreement is expected to be announced after a meeting between American and Iraqi officials on the sidelines of the United Nations General Assembly in New York.
The agreement is part of President Joe Biden’s administration’s efforts to reorganize U.S. commitments abroad before the end of his term.
But the decision sparked concern in Congress, where Republican House Armed Services Committee Chairman Mike Rogers expressed frustration with the deal, saying it “lacks any strategic military advantage” and could lead to the strengthening of terrorist organizations.
Despite these criticisms, US and Iraqi special forces continue to carry out attacks against the leaders of terrorist organizations, and a Defense Department official confirmed that these operations will continue even as the US presence in Iraq has been reduced.
This comes at a time when the Iraqi Prime Minister, Mohammed Shia Al-Sudani, announced that “the justifications are no longer available” for a major American forces presence, referring to the achievement of stability and the decline in the threat of terrorist organizations.
Iraqi Defense Minister Thabet Abbasi also confirmed that an agreement had been reached to transform Operation Inherent Resolve into a sustainable security partnership.
Despite the decrease in the threat of terrorist organizations compared to previous years, the report indicates an increase in the pace of attacks by the organization in Iraq and Syria during the current year, where the organization carried out 153 attacks in the first half of 2024 compared to 121 attacks last year.
In conclusion, the report stated that the negotiations between the United States and Iraq focus on moving from a military mission to a long-term bilateral security partnership, in cooperation with all international coalition partners.
Weekend Chat with MarkZ 21-9-2024
WE SPEND THE FIRST 45 MINUTES WITH CBD MATT AND LUCAS AND MARK WILL GIVE THEIR NEWS UPDATE!
Partner: Good morning and welcome to the weekend.
MZ: Since the topic of recreational vehicles is quiet, today I want to answer questions and talk about Zim.
MZ: I know some people from the rescue center who are on duty today.. There are many rumors that Monday morning we will wake up and see it (RV)... Idk but the rumors are deafening.
MZ: I have yet to see a couple of key people move to the western US headquarters. UU. They haven't been called there yet. Is this something last minute?
MZ: There is a lot of activity and news about Iraq is excellent. Many meetings are being held between now and the 25th.
MZ: I strongly believe that the month of September is still very much at stake.
Member: The PTB should hurry up then... 9 days to go
Member: I hear they want VR to start September 30th since it's the end of the fiscal year.
Member: I'm layover in Reno. I think I'm gonna go "Whale Hunting". I have questions I need answering. By the way, can you describe how they are?
MZ: Let's talk about Zim first. Many people are still wondering if it will be worth it or not. What are the expectations and what do I understand about it?.
MZ: Know that ZIG, the gold-backed Zimbabwe currency, is very different from the Zimbabwean farm cheques and banknotes that most of us have.
MZ: I understand that Zimbabwe's bond exchange funds are from humanitarian funds. Since it's taken so long, these funds have been generating interest.. and they're like a modern day prosperity package.
MZ: This does not mean that all the exchange funds have to be allocated to humanitarian projects.
Member: Zim is a bonus to the bearer that will be paid to the bearer the nominal value of the I'll pay in my opinion.
Member: Do you think they will have projects we can choose from?
Member: We've been told that there are shortlisted projects you can select on ZIM
MZ: I was told they will present us a short list of which we can choose from.
MZ: I've been told that the Agro checks funds do not come from humanitarian funds. They are totally for you and your personal use.
MZ: Those of us who know best, the 100T notes, I understand that for each note, between 30 and 50 million dollars will go to your pockets for your personal use... and you will have the ability and option to get more and allocate them to humanitarian projects.
Member: Will they only accept the 100T notes or the lesser ones?
Member: Mark said in the past that everyone will be honored.
Member: Can we exchange more than one Zimbabwe bond? I've heard rumors that's all they will accept.
MZ: I heard we can trade as many as we want/have... no limit.
Member: Can you make 2 different dates to swap if you're out of town?
MZ: Yes... I've been told repeatedly that's the case... but they'd rather we do it on a single date. However, they understand that logistically this may not be possible due to travel, locations, etc.... Try to organize and make things easier for them and yourselves if you can.
Reform Dependency
The success of removing zeros heavily depends on implementing comprehensive economic reforms that address underlying issues rather than merely changing the currency format.
⚙️( THIS IS THE REASON OF SO MUCH ECONOMIC REFORMS THAT ARE UNDERWAY IN IRAQ RIGHT NOW)
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With The Economic Reforms that are Underway in Iraq the CBI intends:
1- Eliminate de Dollar Dependence
2- Controlling the Parallel Market
3- Controlling the Inflation
if we join the dots this will lead to the next phase : Currency Simplification or the Project of Delete Zeros from the Iraqi Dinar.
Source: https://dinarevaluation.blogspot.com/2024/09/al-alak-we-are-constantly-reviewing.html
Summary
The Central Bank of Iraq, led by Governor Ali Mohsen Al-Alak, is reviewing the project to remove zeros from the Iraqi dinar as part of a monetary reform strategy. This initiative aims to stabilize the currency amid rising inflation and economic challenges, simplifying transactions and restoring confidence in the dinar. However, the success of this project hinges on accompanying economic reforms, given the significant increase in currency volume since 2004.
