Pretty much everything happening right now, along with Sudani being in the UN, everything has to do with Iraq going international...
Jeff
We had five of these articles talking about deleting the zeros...and then one today, so six total within 3 days. Very amazing ...
Removing zeros is getting rid of the large 3-zero notes and replacing them with smaller size currency notes but at an increased value. So when the rate changes the large notes have the same purchase power before the rate change as the smaller notes after the rate changes. They would have to increase the value for the currency, strengthen it, to delete the zeros...
Money and business Economy News - Follow-up The Parliamentary Finance Committee downplayed concerns about the decline in oil prices on the economic reality, stressing that Iraq's financial and economic conditions are good, and that revenues exceed the size of concerns resulting from the possibility of a decline in global oil prices.
Member of the Parliamentary Finance Committee, MP Jamal Kojer, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that “oil prices have not fallen to worrying levels, and therefore we are now in a stable economic situation with a financial surplus, and therefore we cannot talk about a crisis unless oil prices fall to less than $70.”
The member of the Finance Committee stressed that "Iraq has gone through many economic and oil crises in the past, but the financial situation has remained stable and there is no fear of a current crisis."
“According to the Financial Management Law, the 2024 budget was supposed to be submitted after the middle of October, but there is still a delay in the expected schedules, which may be submitted in the first quarter of next year,” Koger continued. The MP pointed out that “the majority of the 2023 budget has already been disbursed, with 9 trillion dinars disbursed two months ago, while the 2024 budget has not yet been disbursed due to changes in governors and attempts to introduce new projects.”
The member of the Finance Committee added, "As for liquidity, the government has guaranteed the liquidity of salaries, but there is a shortage in the liquidity of projects. However, the projects that have been started will continue, including bridge projects."https://economy-news.net/content.php?id=47985
FIREFLY:The television is running that report again along with commercials in this report about how we are reviewing the deletion of the zeros. It's on the news. It's been on the news all day. The same report over and over again.
FRANK: Because that is exactly what they are about to do.
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Mr Sammy says they are way ahead of what they are telling us but they can't tell you everything. It's all for safety of our country...markets... speculators...
FRANK: There are many things happening right now that are extremely good for our investment. It may seem like it's so far away but it's actually right in front of us. It's not a mirage and you are already touching it.
FIREFLY: The crooks are also talking on TV. Every time a commercial comes out...They're saying changing the rate will be a disaster.
FRANK: The crooks are Iran/parliament...The only reason they're saying this is because they know very well the rate is about to change. It's no secret. Sudani is preparing the whole Middle East and all his people for the change this year.
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 everyone! We're running out of days in September... just saying.. let's go!!
Member: Another Wednesday - last one in September.. do we get the Budget posted to the Gazette? Do we get a rate today? Ah.. so many questions! Inquiring minds want to know!
MZ: Nader dropped a video earlier this morning “Treasury supports CBI of Iraq” I think this is important. The US Treasury is supporting the Central Bank of Iraq. Why is this important? Over the last few weeks articles states Iraq has full control of its money …and now the US Treasury is saying the CBI is doing a great job….Troops are getting moved out….and they are openly talking about their project to delete the zeros. Imo opinions things are warm and fuzzy in Iraq even if we do not know the timing yet.
Member: A rumor: They said that the navy was not to leave Iraq till the deal was signed.... They ship has left the station....
Member: JEFF RAHM said the Navy left Iraq after stating they wouldn't leave until the US was paid.
MZ: I have not heard that
Member: PPN also said US Navy was leaving Iraq. Maybe this is it!!!
Member: JEFF RAHM on FEARLESS FLOYD confirms that the US Navy left Iraq - Trump saying wouldn't leave until US was paid. USN possibly on Oct 01, insider info- CITI Bank -talking RV internally
Member: Also Moon is due on the 29th, Oct. 1st Banks no longer except US Treasury Bonds as Collateral, US Ports Striking, Congress on a month break, Venezulean President Declared Christmas in October
MZ: On the bond side …overnight and into this morning they have been notified they will be going the first of next week and into the month of October. I verified this with bond holders that do not have an NDA. Bondholders now are NOT under an NDA. This makes me think that those previously under NDA’s have gone and are going now…..with full dollars over the weekend. I am very excited with this sudden bond news that started yesterday. Maybe this finally is it.
MZ: No news on specific currencies ….and nothing specific on CMKX yet. But I will keep digging.
Member: With no NDA’s maybe all those bond people next week will be shotgun starting with the rest of us???? A lot of big things looking to happen on Oct 1st which is Tuesday .
MZ: That’s what I thought….That we would go at the same time as our non-nda frinds…..Glad you caught that.
Member: I believe if we don’t RV this week or weekend- we will go on Oct 1st…or very soon after…with the government shutdown coming.
MZ: That is exactly my thoughts…I could be wrong but that is exactly my thoughts.
Member: And with currency auctions in Iraq ending soon….we will see the RV…
MZ: Yes……many things appear to be coming together. I found 3 possible fiscal years in Iraq ….Part of Iraqs fiscal year ends along with the US governments on September 31st…part of iraqs fiscal year goes by the calendar year on December 31st. Another portion of it starts July 1st for some agencies in Iraq. So it is crazy trying to figure out the fiscal year in Iraq.
Member: Remember after we exchange- for safety do not go around bragging to everyone…..keeps lips zipped
MZ: Yes…do not rush out buying fancy and cars , jets and mansions immediately….If you do….I would say you are foolish and will paint a target on you and your families backs. You may be in danger of family who wants handouts, thieves, ect……..be smart and take your time.
Member: I wouldn’t be surprised that everything (the collapse) will happen so fast that no one will notice or care who’s had a sudden windfall.
Member: We may want to say to everyone- “I told you so” but better to keep a low profile and just enjoy our new lives.
Member: If our new money will be gold backed….what happens with all the change we have in jars?
MZ: I am told our coins won’t change. We will get new notes…but coins will not change.
Member: Can you talk about the rate changes bankers were seeing yesterday?
MZ: Most of what my bankers saw yesterday –they think is a little low. Could be a place holder rate or a test rate or in-country rate?…but they are once again starting to see rates that are close to what we expect.
Member: I am still hoping and praying our exchange will not be taxed
Member: mark has said repeatedly no taxes …but if so he bought more currency to cover it
Member: I see retirement for us all in the near future……halleluia
Member: Another hurricane on the way…..Everyone stay safe in the path of the incoming storm's
Member: Every enjoy your day and God Bless.
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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