Full Text Of Al-Sudani's Speech At The Future Summit In New York
Baghdad Today – Baghdad Prime Minister Mohammed Shia Al-Sudani stressed, today, Sunday, September 22, 2024, the importance of adopting clear strategies for using artificial intelligence in a safe and responsible manner to serve humanity.
Al-Sudani participated in the Future Summit, which was held in New York today, Sunday, on the sidelines of the 79th session of the United Nations General Assembly.
The summit aims to enhance cooperation on key challenges and bridge gaps in global governance, reaffirm existing commitments to the Sustainable Development Goals (Global Goals) and the UN Charter, and lay the foundations for more effective global cooperation that can address today’s challenges and emerging threats in the future.
He pointed out that "the political parties inIraqMost of them have military wings, and therefore there are justifications and power for the corrupt person present at the border crossings and protection from dismissal from his position or follow-up and monitoring of all his activities,” indicating that “the border crossings are one of the economic gates through which many corruption deals pass, including currency smuggling, money laundering and drug trafficking.”
He revealed that “every employee who seeks to report the existence of a corruption deal is exposed to dismissal, beating and continuous penalties, and some of them are physically liquidated.
There are cases that we have witnessed in previous years, and the best evidence is a police officer who was assassinated in a hideous manner and was thrown into a kerosene tank as a result of reporting oil smuggling at the crossings.BasraTwo years ago.”
He concluded by saying that “the companySumerI addressed directlyPrime MinisterWith more than 200 thousand barrels smuggled through the northern ports, stressing that "the Iraqi state is completely unable to control the border ports, which are one of the biggest doors to corruption." LINK
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: Welcome to another week of great expectations
Member: Well, we didn’t wake up to an RV, or am I just not awake yet? lol
Member: Good morning everyone, hoping that passing the HCL law will start the RV process.
Member: IMO-The HCL approval is in the missing Gazette... when they are ready they will post it.
Member: RV info was really lit up yesterday! from Iraq. HCL approved?
MZ: It saw a lot of movement over the weekend.
MZ: In Iraq: Pay attention to this one. “Al Alaq –We are constantly reviewing the deletion of dinar zeros and there are no restrictions on the balances in America” That part “No restrictions” is telling us that Iraq is in charge of its own money . In this article when you do a deep dive in it- they are doing exactly what they did in Kuwait with the terminology and phrasing and telling us it’s time to remove those zeros.
MZ: In Kuwait they greatly increased the value…they had to turn them in for lower denomination notes or deposit them in banks….
Member: If there are no restrictions on Iraq, why are we still waiting? I was not here during Kuwait, so not sure how this actually moves forward. Hard to not be numb to good news.
MZ: Those restrictions just suddenly disappeared.
Member: The fact that Iraq and the currency is in mainstream media is all I needed to calm down after over a decade of this speculation
Member: So we have to exchange our 25 k notes for lower denoms before we exchange?
MZ: No….That is how it worked in Kuwait
Member: Some are saying we have to exchange our big 25 k notes into lower denoms to exchange…….IMO exchanging the 25K bills into smaller bills is probably really just in Iraq as we don't got to the store to spend them
Member: Mark - when the zeros are deleted and the new lower currency is released in Iraq - is that notice to those outside Iraq to convert the $25,000 notes to the newer notes?
MZ: Now we go to another key piece…..”Tomorrow the launch of employees salary financing” That came out yesterday so it is today. Today they are getting paid. This is HCL (Hydro Carbon Law) stuff going on.
MZ: “Kurdistan deposits nearly 100 Billion dinars of its non-oil revenues in the Baghdad Treasury” IMO they would not be doing this if they were not done with HCL Look for an announcement at any moment.
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Member: "Sudani has gone to the US treasury to deliver a new exchange rate This time Sudani goes, not Alak !!!" - Frank 26
MZ: That is the Rumor….We have Sudani in New York and Al Alak (Governor of the CBI) is openly discussing deleting the zeros- which is kind of a first for him. And we have HCL movement in Iraq. There is big stuff going on
Member: Alaq announces pioneering financial sustainability map for Iraq’s banking sector???? That article today Mark? That’s got to be the RV!!
Member: Did your euro bond contact have his meeting on sat?
MZ: There is a lot of chatter on the bond side- but nobody has been paid yet. Funds did not release over the weekend like they hoped. We should get updates today to see where they are at in that process.
MZ: No update on CMKX but I was really hoping to see fines and penalties by now…but we have not.
Member: I heard as of today, Canada will no longer accept the US Dollar, Hope this is true?
Member: simply lynn posted video saying on forex charts dinar is trading at $3.25 she posted it in her rapid updates yesterday via someone who works on forex
Member: I would jump for joy at that rate!!
Member: Oct. 1st. 159 countries to stop using the U.S.Dollar. This has to be huge .
Member: And Oct 1st is the first day of the new US fiscal year.
Member: I keep saying…!!! Nothing is going to happen until the new USTN is out !
Member: FYI - 100 days from today, we'll officially be in 2025.
MZ: Be aware a crippling port strike is scheduled to happen in a week on the east coast. A lot of food and paper goods come through those ports.
Member: A good time to stock up again on paper towels and toilet paper….lol
Member: Judy on the restored republic posted someone saying to sign up for the QFS now.
MZ: You cannot sign up for the QFS. Be careful there are a lot of scammers and misinformation out there. Also people pretending to be somebody else. Most of the scams are on telegram….we have changed our site to read only……and opening a discord sight which is free with no ads . The link is https://discord.com/invite/AxGE6k4pvx
MZ: I probably will soon also be leaving Twitch….that is another reason to use discord
Member: It’s really hard to stay positive with all these delays
Member: The day isn't over yet! Emails can come at any moment - keep the faith!
Member: Have a great day everyone…..see you all tonight
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
Kuwaiti Decree to Avoid Double Taxation and Prevent Financial Evasion with Iraq
9/22/2024
Kuwait announced the issuance of a decree approving an agreement with Iraq aimed at avoiding double taxation and preventing financial evasion with regard to taxes on income and capital.
The Saudi "Argaam" Agency reported that the explanatory memorandum came out of a desire to strengthen mutual economic relations between the governments of Kuwait and Iraq, as the agreement was signed to avoid double taxation and prevent financial evasion.
Article (1) of the agreement indicated that it applies to persons residing in one or both of the contracting states, while Article (2) stipulated the taxes covered by this agreement.
The agreement includes a definition of dividends, which means income from shares, beneficial ownership, founders' shares or other rights not representing debt claims, as well as participation in profits. It also includes income from other corporate rights, such as income from shares, according to the laws of the Contracting State of which the company distributing the income is a resident.
The agreement stipulated the necessity of exchanging confidential information between the competent authorities in the two countries, related to the implementation of the provisions of this agreement.
In addition, the agreement excluded income derived by a resident of a Contracting State as a theatre, cinema, radio, television, or musical artist, or as a sportsperson, as these categories may be subject to tax in the other Contracting State. LINK
Exchange Centers are off premises bank facilities to prevent excess traffic at bank branches. It is illegal to have different rates at different places. Remember the Law of One Price.
Fnu Lnu
I do not buy this "Education Program" nor do I buy the "Adjusting of the Parallel Market". The education is taking too long to be effective and it isn't government's job to adjust black markets. These are stall tactics while they placate the masses. But why?...
When you drag out the "Education" as long as the GOI and CBI has been doing, nothing sticks. If it is not in practice, then it is just words from the mouths of bureaucrats. Iraq has had more than enough of that and they do not pay attention.
They will become educated when it means something to them, like the cost of goods and services, and buying power, and velocity of money. This is all obfuscation and I don't believe a word of it. Logic tells me they are stalling the people.
The $64,000.00 dollar question is why? What's the real plan?
Central Bank of Iraq's Plan to Remove Zeros from the Dinar
As of September 22, 2024, the Central Bank of Iraq is studying the feasibility of removing zeros from the Iraqi dinar. This move is part of a strategic plan aimed at simplifying financial transactions and reducing transaction costs, which was first announced in 2011. The plan, once complete, will be passed to the ministerial council and Parliament for approval.
Reasons for Removing Zeros
The primary reason for deleting zeros from the currency is to combat inflation and enhance confidence in the national currency. This process can simplify accounting operations and financial transactions, potentially improving the country's image before investors and the international community.
Potential Challenges
Removing zeros from the currency involves challenges such as printing new currency, modifying accounting systems, and training people on how to use the new currency.
This process may initially cause confusion among residents and consumers and requires careful planning to avoid economic disruptions.
Precedents
Countries like Turkey, Brazil, Zimbabwe, and Venezuela have previously removed zeros from their currencies. For example, Turkey removed six zeros from its currency in 2005, Brazil undertook similar measures in the 1980s and 1990s, Zimbabwe removed twelve zeros in 2009, and Venezuela removed five zeros in 2018.
Impact of Removing Zeros on Balances in America
The removal of zeros from the dinar does not indicate any restrictions on the Central Bank of Iraq's balances in America.
However, the effects on international transactions and the dinar's exchange rate will depend on how well the process is executed and the state of Iraq's economy at the time of implementation.
Conclusion
The Central Bank of Iraq's plan to remove zeros from the dinar is a significant step toward simplifying financial transactions and enhancing the currency's stability. However, careful planning and execution are necessary to ensure the process is successful and does not lead to economic disruptions.
