Al-Sudani's Advisor Explains: Did Electronic Payment Procedures Contribute To Preserving The Dinar's Solidity?, 2 OCT

 Money and business   Economy News – Baghdad  [rtl]Advisor to the Prime Minister and Chairman of the Supreme Committee to Support the Iraqi Dinar, Qasim Al-Dhalimi, announced today, Tuesday, the committee’s success in restoring citizens’ confidence in the dinar, while pointing out that it has provided mechanisms to preserve the solidity of the dinar and the financial bloc.

Al-Dhalimi said, "The Supreme Committee for Supporting the Iraqi Dinar worked on how to restore the citizen's confidence in the dinar, and to make it the main link between him and the source of his money and how the citizen can connect the dinar to the solid Iraqi banks, and how to deal with it electronically," indicating that "the committee worked on many important joints."

He added that "the citizen wanted to know the extent of the interest of the government or private bank in dealing with depositing his money, and how to find real mechanisms to support the dinar by balancing it with other foreign currencies,"

noting that "there are mechanisms proposed by the committee for how electronic payment can be one of the features that preserve the solidity of the dinar, and preserve the financial mass present within the banks, and for the citizen to be the first and last beneficiary and the electronic organization process, so the committee sought to achieve financial security and stability in the government program." Views 62 10/01/2024 https://economy-news.net/content.php?id=48215

THREE DIFFERENNT BANKS SHOW A DINAR RATE OF $3.57 BY MARKZ, 2 OCT

 MARKZ
Tues. 1 Oct. 2024 MarkZ

 Three different banks show a Dinar rate of $3.57.

 We are seeing a lot of rates over the weekend. Pretty much all my sources agree that the consensus is German Bonds start tomorrow morning when Zurich opens.

NADER FROM MID EAST: We should go there for peace not war

Evening News with MarkZ. 10/01/2024

Tuesday Evening News With MarkZ 

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 Evening All, Mark Z and Mods

Member: I pray that picture on Marks video is a sign of good things to come

Member: Hoping for big bondholder news. 

MZ:  I had one bond holder with an appointment this afternoon inform me that he is now under an NDA. He did tell me a long time ago that he would not do an NDA unless he walked away with at least a sizable chunk of money….so for me if feels like something happened. 

MZ: My contacts with evening appointments  have not returned any of my messages yet because their appointments are about right now. I hope to have an update by tomorrow morning. 

MZ: I do have another friend with an appointment on Thursday . He has an enormous amount invested in bonds and  I am excited to see how it goes for him. 

MZ: There is quite a bit of news coming out of Iraq this evening.  “JSC-A strategy to transform Iraq into a Regional investment Center” How can you be a regional investment center with a reasonable currency?

MZ: Dr. Shabibi ( Former governor of the CBI) once said to the government if you give me a safe and stable Iraq- We will increase the purchasing power.

MZ: On the HCL- Money is moving and I expect to see an announcement any day now.  I think it is completely done .

Member: The Iraq Oil Law, also referred to as the Iraq Hydrocarbon Law was a piece of legislation submitted to the Iraqi Council of Representatives in May 2007 

MZ: Another HCL piece: “Minister of planning:  We have moved forward to draw a new map of the population reality in Iraq” they are also working to return displaced people to Iraq. 

MZ: “Erbil: Iraq has become a suitable environment due to security and political stabllity “ They said this today. What did Shabibi say? Give me security and stability and we will raise the value .

Member: Did they ever find all the money from the theft of the century?

MZ: I was told they have recovered almost every single dinar. 

Member: Mark, any idea happened with the “Foreign Currency” discussion at the Fed today at 4:00pm?

MZ: They have not released the minutes of the meetings yet. Hopefully they will be released in 1 or 2 days. 

Member: I wonder if  the hurricane and port strike are caused to slow the rv?

Member:  I heard a rumor that the Iraq supreme court said they have to post the rate by end of today or al Sudani and Maliki will be arrested

Member: I thought it was the CBI in charge?  So….I will believe it when we see it. 

Member: I read Ports closed today to reset new system. From LIBOR to SOFR...on the ledger. "Secured Overnight Financing Rate"..Gold Standard!  Time will tell. 

Member: Busy news day! Everything seems to be boiling over all at once!

Pray for those affected by the Hurricane. The devastation in areas is overwhelming. Also, please pray for the Peace of Jerusalem and Israel, which is about to enter war with Iran. Lord please help us!

RV UPDATE BY BRUCE, 2 OCT

 Bruce

Tues. 1 Oct. 2024 Bruce

 We could get a true or staggered shotgun start. Bond holders are to be notified tonight or overnight about funds and access in their accounts. 

Tier4b (us, the Internet Group) should be notified tonight or tomorrow morning. One source said after 9:30 am EST to Noon. 

The Call Centers to set appointments are automated and will direct us to the Redemption Center nearest to our Zip code where we’ll speak with a live person. 

Yesterday Sun. 30 Sept. on Bank and Redemption Center Screens there were nine currencies that were going up in value.

DINARLAND HIGHLIGHTS: LATEST IRAQ NEWS!!!

Iraq calls for urgent Arab League meeting on Lebanon, 2 OCT

 Baghdad (IraqiNews.com) – Iraq’s permanent representative to the Arab League, Qahtan Al-Janabi, announced on Monday that a request has been submitted to the Arab League to hold an urgent meeting on Lebanon.

In a statement to the state news agency (INA), Al-Janabi explained that the Iraqi Minister of Foreign Affairs, Fuad Hussein, issued directions to submit a request to the Arab League to arrange an emergency meeting that will be attended by permanent representatives.

The Arab League meeting will discuss the current circumstances in Lebanon, particularly the situation of Lebanese citizens forced to leave their homes and the provision of humanitarian aid, according to Al-Janabi.

Assistant Secretary-General of the Arab League, Hossam Zaki, confirmed in a statement that the General Secretariat of the Arab League received Iraq’s request, emphasizing that the request has been sent to member states to set a date for the meeting.

The Israeli army said in a statement that its troops have entered Lebanon as they prepare for a ground invasion targeting Hezbollah fighters in the southern parts of the country. However, Hezbollah officials confirmed that Israeli soldiers had not yet entered.

As Israel has increased the intensity of its assaults, the situation has gotten worse. The Israeli military has been attacking Hezbollah’s leadership, resulting in a wave of fierce airstrikes that have claimed more than 1,000 lives in the last two weeks, primarily in southern and eastern Lebanon.

Hezbollah leader Hassan Nasrallah and other senior leaders were murdered last Friday in an Israeli airstrike on Beirut’s southern suburb.