AL-SUDANI ISSUES BANKING DIRECTIVES, INCLUDING SUSPENDING CAPITAL INCREASES FOR BANKS SUBJECT TO US SANCTIONS
A government source revealed, on Thursday, that Prime Minister Mohammed Shia al-Sudani issued directives related to financial and banking reforms, including not increasing the capital of banks subject to US sanctions.
The source told Shafaq News Agency, “Prime Minister Mohammed Shia al-Sudani, before leaving for New York, held a number of meetings with banks and the Central Bank of Iraq, where those meetings discussed in detail the Central Bank of Iraq’s plan to rehabilitate private banks by contracting with an international consulting company.”
He explained that “the Prime Minister directed a number of points, on the importance of the plan for developing private banks by Oliver Wyman Company being clear in terms of timing, distribution of responsibilities, and issuing progress reports in this regard.”
The directives included “accelerating the implementation of the recommendations issued by the Ministerial Council for the Economy to support Iraqi banks, including delaying the increase in capital for banks banned from dealing in dollars by the US Treasury.”
The source indicated that Al-Sudani also directed “the preparation of a study to activate the local cards project internally, as well as urging Iraqi ministries and institutions to increase dealings with licensed Iraqi banks in various banking services and open accounts with them.”
I get asked this question all the time. However, I have stated the answer many, many times already. It just seems the ones asking the question don’t really want to hear the TRUTH answer. They want a simpler answer, a quick solution to a difficult issue. Let’s explore this today.
You know I get a bit sick and tired of hearing all these opinions, yes just stupid opinions, from these intel gurus that are just idiots trying to make a name for themselves. What I want are the FACTS from the source itself. No, not some make believe source but the TRUE backed by FACTS. So, in today’s news we hear from one of the truthful sources in answering this question as to who is holding up the RV.
☹ In yet another article today titled “WHY DOES THE US STILL CONTROL EVERY PENNY OF IRAQI OIL REVENUES?” we can now clearly see the corruption of the US upon Iraq.
This information should not be new to any of my readers. I have been talking about this for years now. However, it is nice now to see it openly being exposed in the news, as the prophets told us from God “what can be exposed will be exposed”.
So, to answer this question of who is holding up the RV let’s look at the article. When I finished reading it I asked myself– Yes, why do they, if not for corruption?
The facts of why they should no longer control Iraq’s money are outlined clearly in this article.
I quote from the article – “Attempts by the UN to restore Iraq’s control over its finances have largely failed. In 2010, UNSC Resolution 1956 demanded the closure of the DFI by no later than 30 June 2011 and the transfer of all proceeds to the Iraqi government.”Folks I am not making this stuff up. You can go read the article yourself.
Also I need to point out yet another device the US is using to justify control over their funds thus the currency too, is the Executive Order EO 13303. I know most of you did hear about this EO every May when it come up for renewal. Since the signing of Executive Order 13303 (EO13303) by President George W Bush on 22 May 2003, all revenues from Iraq’s oil sales have been funneled directly into an account at the Federal Reserve Bank of New York.This flow of revenue will continue until this EO is ended. The RV can not and will not happen until this EO ends.
☹ EO13303, titled “Protection of the Development Fund for Iraq and Other Property in which Iraq Has an Interest,” has been renewed annually by every US president, including Joe Biden in 2024. This executive order essentially places control over Iraq’s oil revenues under the discretion of the US President, leaving Baghdad with limited control over its resources and earnings.
INCLUDING LIQUIDATION AND GUARDIANSHIP… A SERIES OF DECISIONS ISSUED AGAINST IRAQI PRIVATE BANKS
Revealed source beginning, today on Thursday, a number of decisions were issued against a number of Iraqi private banks, but they were delayed.
The source said in an interview with Sumerian News, “Bank Babylon It was referred to forced liquidation, and the bank was placed under guardianship. Arabic Islamic and Bank the East Middle East Iraqi for investment.
The source pointed out that “the guardianship period of the bank has been extended until October 31st, noting that “the decisions issued on the aforementioned banks were postponed without knowing the reasons.”
Today I have yet another video presentation for you on the project to delete the zeros. WOW! Another one? Yes, they are trying to inform the people. However, this video is not from the CBI as I asked my contact if it was. You can clearly see the negativity as it points out and emphasizes some issues that simply are not issues.
Why do these economist keep saying Iraq is unstable or the project to delete the zeros will destabilize it?
While just last week while in New York, the prime minister Al-Sudani told the world and I quote – “
A stable Iraq in a sensitive region is beneficial to the world, which is what we have witnessed since October 7, as Iraq has maintained a great balance and calm, and we have kept Iraq away from the arena of conflict.”
From this Al-Sudani speech you can also see that he wants Iraq to stay out of this middle eastern conflict with Israel but the Iranian backed politicians keeps trying to pull Iraq into it.
Yes, if they did get involved this would be VERY destabilizing for Iraq, something Al-Sudani does not want especially at this time since they have taken these financial reforms so far already and they are so close to the reinstatement.
A recent example of what I mean:
This video below is a typical news station interviewing economists on the subject matter. But we must ask ourselves WHY and WHY NOW all this talk about the project to delete the zeros in the news.
Is the country of Iraq telling the people this will happen shortly?
Is this why all this news about it? Of course, the answers to all these questions is a Big Fat YES! What the hell else have I been telling you now for weeks? Even since June?
As of you may remember that Prime Minister Mohammed Shia al-Sudani came to New York last week to speak the UN General Council Meeting.
Later he participated in a dialogue session held in New York after midnight on Wednesday, by the American Chamber of Commerce and Al-Monitor, in the presence of an elite group of investors, businessmen, representatives of American companies, and the Iraqi-American Business Council. You might want to read the article titled “HIGHLIGHTS OF THE DIALOGUE SESSION ATTENDED BY AL-SUDANI IN NEW YORK” to get more information about his visit. And NO it was not all about the RV arrangements, as many intel gurus told you. Here are two important highlights of his visit below:
😊 Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. WOW! WOW! We have been waiting for this for decades. Now it I reality. Finally!
😊 Prime Minister Mohammed Shia al-Sudani expressed, on Thursday, Iraq’s readiness to enter into a partnership with American companies in the oil industry sector, revealing at the same time his government’s intention to establish a new Iraqi bank. This came during his participation in New York. Really now,,,, can the news get any better? Finally the US is engaging Iraq and seriously taking on partnerships, especially in the energy sector. So we know if the US is invested in Iraq something is up…. lol… lol… lol…
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: Happy Hump Day!
Member: Mornin' Mark and Mods,you have no idea how much you're appreciated
Member: So what new today Mark??? Are we ever going to cross that finish line?
MZ: “ Kurdistan Regional Government unveils upcoming tripartite meeting to resume all oil exports” Things are moving. Stability is there. Along with salaries being paid – this is all part of the HCL agreement. They did not give up the date of this meeting…..It may have already occurred.
MZ: “World Bank: Iraq has taken steps to develop Human capital” That sounds creepy due to translations. But it means they are taking care of their people. Education, Health Care and an educated work force.
MZ: “Iraqi dinar under pressure amidst regional tensions” They hid in this article a piece that we really like…They are shrinking the dinar note count which will increase the value.
Member: Did your bond contact get back with you after last nights appointment?? @Mark
MZ: On the bond side. The contact I was hoping could give me an update said they are now under an NDA. I am confident they got paid something at the table or they would not have signed it.
MZ: A couple other bond folks told me they did get their final paperwork but the plan is not to pay the until early next week. So paperwork is final…process is started but they will not get full release of their funds until next week.
Member: That figures…Its always next week…sigh
Member: Historic bondholders getting hysterical if they don't get fundible $ soon !
Member: Is this a bond can kick???
MZ: I don’t think it’s a bond can kick because of the number of people under an NDA. I wonder if it’s more of an international clearing process to get their spendable funds. In other words….2 of my contacts were in a group…so did they finish their final paperwork…then funds were given to the paymaster …then the paymaster has to clear those funds internationally ….this is an international transaction of billions of dollars…….then distribute those funds to all the people in the group?
MZ: If these billions were moved from Europe to the US- there would be safety checks and balances. This takes awhile
MZ: I very much think and am very confident money has been moving on bonds…just not as quickly as we want it to be moving…If it was with the QFS- it would arrive in 2.5 nano seconds….or very fast.
Member….still looks like feet dragging to me.
Member: So are these bonds- Zim bonds?
MZ: No – I am talking Historic bonds. I believe we will exchange Zim bonds when we get our notifications.
Member: So whatever happened to the QFS?
MZ: As soon as we exchange it is there for us. Historic bonds go first.
Member: If bonds are big $$$$ paid in fiat what better way to clear out old currency when when they convert to new currency?
Member: So, with storms, wars, dock workers strikes and all the awful things going on….will this delay the RV
Member: Maybe all those horrible things mean they have to speed up the RV????
Member: Talked to a friend yesterday who's husband works for the Railroad, they had a big meeting yesterday and was told the strike at the Port will NOT be as bad as being told.
Member: I think dock strike is the global switching of monetary systems. 80% of trade is through shipping
Member: I wonder what effect will ww3 in the middle east have on iraq rv?
Member: I still think no RV or Nesara until after the elections……Hope I am wrong.
Member: Mtn Goat is saying RV not until after the election. I don't know why the election would affect the RV. Iraq is a sovereign country.
Member: Well…maybe the “October Surprise” is the RV
Member: I believe October is our month.
MZ: I very much believe October will be our month…..I think we finally got off “stuck” in September and will see the fruition of it in October.
Member: So they sell dollars for dinar, put in bank and BOOM …RV….Dinar more valuable …as I close?
MZ: Exactly…..You nailed it.
Member: Did you hear the rumor that 150 bankers delaying the RV have been arrested?
Member: QQ Mark, could you do a segment to explain what the process will be during an RV appt--/ not sure what info to trust
Member: Recaps has many posts on exchange processes in their Post Rv and Archives sections….There was a couple good ones posted there. Fleming had a good one.
Meber: Thanks all and enjoy your day.
Member: Remain seated and buckled until the ride comes to a complete stop.
Member: The best is yet to come.
Andy Schectman from Miles Franklin joins the stream today. {lease listen to the replay for his information and opinions
Welcome to October! Or should I say “Rocktober”. Get ready! 😊
Well, well, well it seems the kings of bullshitters TNT, Bruce, MarkZ and all you other idiotic intel gurus are wrong again.
Oh… is that such a surprise? Where is the RV as you have been saying it was all done, done and done and that it had to be rolled out by the end of September? Really?
Oh… but you said the same for May, June, July and August too. But what did Mnt Goat tell us?
I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting . So please, please stop all this head banging and nonsense.
In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations.
I was told this is now planned to begin shortly after the voting is over and the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur.
I was also told that in reading many of the articles about the project to delete the zeros, that we see in the Iraqi news, to use a bit of discernment.
Many of them are negative based, as we can see the Iranian influence in these stories. Many economists also ill-informed and still do not see the big picture or realize the extent of the process and why it must be done.
She told me many still don’t even know the newer, lower denominations have been already printed and the coins stamped years ago. This is evident when you read or listen to their commentary.
I was also told to watch for yet more articles in the news about the project to delete the zeros but to be aware that ONLY the ones coming from her committee on this subject matter can be trusted.
As you know my contact works on the committee from the Central Bank and it has been given the task of ensuring a smooth process. I was also told that in late November or early December we will see the newer lower denominations and their pictures and features depicted on the CBI site. The ending of the currency auctions at the end of 2024 will also be signal to us that everything is moving correctly and we should see the IQD returned or reinstated back to FOREX in early 2025.
I know there is lots of gab out in the dinar community and people are already questioning the information given to me from the CBI on this matter.
Folks, I am only the messenger and trying to figure this out like everyone else. I do not need a crystal ball or to make things up. I certainly pray that nothing interferes with the process. I was told by my contact that this raging war in the middle east on terrorism, if extended to Iraq, could be an issue but so far Iraq is desperately trying to stay neutral.
I have read articles that try to tell us Iraq is going to support the terrorists against Israel and so how can anyone in their right mind believe this crap?...TO BE CONTINUED
