I have also had confirmation from my CBI contact that I am seeing these reforms within the correct light and should continue. I was also told that these reforms in the ISX are not going to drag out and the plan is to accomplish them in the next few months, prior to the end of the year. Opps… there is another end of year benchmark.
Mnt Goat
I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting...
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.
Now we hear first hand what my CBI contact told us was taking place to clean up and enforce the banking laws.
THE CENTRAL BANK OF IRAQ DECIDES TO CLOSE THE BABYLON BANK
The Central Bank of Iraq decided to close the Babylon Bank.
According to a document issued by the Central Bank of Iraq, addressed to the Babylon Bank, and received by “Al-Eqtisad News”, it decided to “refer the bank to forced liquidation based on the provisions of Article No. 69 of Banking Law No. 94 of 2004.
He added: “Appointing Ahmed Abdul Mahdi Nehme as liquidator of your bank.”
(This is the US Treasury inside Iraq as the strong arm to enforce Iraqi banking laws, something that was difficult for the CBI to do without repercussions from political members who used the banks to steal. So, now we hear first hand what my CBI contact told us was taking place to clean up and enforce the banking laws.)
FORMER PM URGES IRAQI MILITIAS TO JOIN FIGHT AGAINST ISRAEL
(Sad how Maliki would try t undermine the Al-Sudani government. Now we can see the use of these Iranian militias stationed in Iraq. Why have they now yet expelled them? We can clearly see how evil this man Nori al-Maliki is. He hates the Kurds, he hates the Jew. He is an evil man! But we wonder why does he still exist even in Iraq? Who is allowing this to happen. Like I said many years ago, there will NEVER be peace in Iraq unless this man is dealt with and justice is served upon him for what he has done to Iraq.)
Former Iraqi Prime Minister and head of the State of Law Coalition, Nouri Al-Maliki, has said that confronting Israel is not solely Hezbollah’s responsibility and urged all Iraqi militia groups to join the fight against Israel, potentially further involving Iraq in the conflict.
Al-Maliki, one of Iraq’s most powerful Shia political leaders, stated that the fight against Israel is not only the duty of Lebanese Hezbollah but a responsibility for all militia groups and the people.
He criticized those celebrating the rumored death of Hezbollah leader Hassan Nasrallah, calling them a “germ within the nation’s body.” Al-Maliki also condemned the Arab world’s inaction, stating that it has “emboldened Israel to commit massacres and atrocities.”
The former Iraqi prime minister asserted that “the Israeli entity is living in fear, and the Arab media strengthens and supports it.” He declared, “We will enter Jerusalem and pray there; this is a divine promise that will inevitably be fulfilled.”
On Tuesday night, following Iran’s missile attacks against Israel, Iraqi Prime Minister Mohammed Shia al-Sudani made a surprise visit to the Joint Operations Command headquarters, ordering security forces across the country to be on high alert and increase security awareness.
The Iranian Revolutionary Guards (IRGC) fired several ballistic missiles at Israel last night, expanding the front of the Middle East conflict, raising concerns that Iraq could be drawn further into the war.
Since the start of the Gaza war and the subsequent fighting between Israel and Hezbollah, Iraqi militia groups have attacked Israel on numerous occasions. However, Israel has yet to respond to these attacks.
Now let’s get to work with today’s information about the RV.
No, the RV is not going to happen tomorrow, this week or even next week. This is NOT an everyday/ any day imminent event. Get it? How long have they (the intel gurus) been telling you this? What is their definition of “imminent”?
These are all unsubstantiated rumors based on gross over-speculation and incompetence by idiots who don’t really know what is going on in Iraq and how it effects our investment in the dinar. They hear something from somebody, it sounds plausible and then they spread the rumor over and over again. That is all they are doing. It is not FACTUAL. Sure, one day they will be correct but by then you won’t need them anyhow as the real news will be all over the internet anyhow. Get it? Folks, this is not a daily “guessing game”. All the information anyone needs is all in the news from Iraq. All you have to do it follow it and all you need is even half a brain to see how close they are to the RV, but just not yet.
In this period of news again we read yet more about one of the Pillars of Financial Reform, namely the Stock Market this time. There is a really informative article by the Iraqi securities commission explaining the work still to be done to accomplish the reforms necessary in this area of reforms. You can read it in the articles section as titled “SECURITIES COMMISSION: A STRATEGY TO TRANSFORM IRAQ INTO A REGIONAL INVESTMENT CENTER”.
Remember this picture by the Finance Committee?
As part of its financial reform efforts, Iraq’s Cabinet has approved the allocation of 4 billion dinars [$3 million] to the Iraqi Securities Commission for the modernization and maintenance of electronic systems used for stock and bond trading. The project, exempted from standard government contract procedures, will be executed in partnership with the U.S. company Nasdaq OMX.
If you remember in a recent Newsletter, I posted news from the Iraqi Securities Commission on the necessary changes and reforms.
Yes, these reforms are to progress the Iraqi Stock Market to a high level of stability. Opps… I said it again. Did I just use the term “stability”?
So, today we read that Iraq announces the launching of a new website of the Commission, indicating that “this event represents a milestone in the path of developing the investment infrastructure in Iraq.” We as investors can see that these reforms have come a long way in the Securities Commission to transform this vision of an Iraqi Stock Market into a tangible reality that serves all investors within the framework of the government’s plans and under the auspices of Prime Minister Mohammed Shia Al-Sudani.
They also tell us that this effort is working to transform the Iraq Stock Exchange (ISX) into an integrated electronic system that provides all citizens and investors with greater opportunities to participate in investment in a safe manner. The key word here is “safe” as they told us in their past news that corruption also plagued the ISX and a major contributor keeping many potential investors away form it.
As investors in the IQD, we can now clearly see that this must be addressed too prior to any reinstatement of the dinar on the currency exchanges.
Do you see it too? So, we must keep an eye out on these Pillars of Financial Reform as they will guide us to the RV. I have said this many times already and so I will continue this journey with you. I have also had confirmation from my CBI contact that I am seeing these reforms within the correct light and should continue. I was also told that these reforms in the ISX are not going to drag out and the plan is to accomplish them in the next few months, prior to the end of the year. Opps… there is another end of year benchmark.
I also want to reinforce to everyone that many of these intel gurus still believe that the fiscal year for Iraq begins on Oct 1st. This is incorrect and they have told us many times already that for Iraq it begins on Jan 1st. It is funny and sad how I listen to their intel calls and they base information on deadlines for RV for the fiscal year ending Oct 1st and not Jan 1st. So right them I say they are lying and I just proved it again.
SECURITIES COMMISSION: A STRATEGY TO TRANSFORM IRAQ INTO A REGIONAL INVESTMENT CENTER
The Securities Commission announced on Tuesday the launch of its new website to promote investment in Iraq. While it indicated that an agreement had been concluded with Egypt to update the electronic trading system, it confirmed the development of a strategy to transform Iraq into a regional investment center.
The Chairman of the Securities Commission, Faisal Al-Haimus, said during the World Investor Day conference, which was followed by “Al-Eqtisad News”, “We launched the new website of the Commission,” indicating that “this event represents a milestone in the path of developing the investment infrastructure in Iraq.”
He continued: “We have come a long way in the Securities Commission to transform this vision into a tangible reality that serves all investors within the framework of the government’s plans and under the auspices of Prime Minister Mohammed Shia Al-Sudani.”
He added: “We are working to transform the Iraq Stock Exchange into an integrated electronic system that provides all citizens and investors with greater opportunities to participate in investment in a safe manner.”
He pointed out that “a cooperation agreement was concluded with the Arab Republic of Egypt to purchase the new trading system, which is one of the most modern and effective systems, in addition to working with European countries to enhance the expertise of employees in the Commission and the market through mutual training programs, which contributes to the efficiency of employees and the application of the best international practices,” noting that “this digital transformation will enhance the efficiency of daily trading operations and contribute to expanding the investor base in the Iraq Stock Exchange, which will benefit the Iraqi economy and attract foreign investments.”
He stated that “our strategy extends until 2030 and focuses on development projects that enhance Iraq’s position as a regional investment center,” noting that “the website includes many additions and advantages:
First – daily updated data and graphic forms on the performance of the Iraq Stock Exchange.
Second – linking the website with the Ur portal.
Third – continuous updating of news of companies and investors.
Al-Haimus concluded that “Iraq possesses enormous natural and human resources,” expressing his “aspiration to achieve economic revenues and enhance Iraq’s role at the regional and international levels.”
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
GM MarkZ and mods. Thanks for all you do for us!
Member: Hoping for good news today……Are we close to the RV?
Member: Was hoping Mark would be wearing the golden egg shirt
MZ: I’m hoping I get to wear it early next week.
MZ: Here’s and interesting one out of Iraq: “Al Rafidain : More the 4 Trillion dinars electronic collection amounts for government departments" this is a marked improvement to the government..a big increase in revenue from getting rid of graft and inefficiency by using electronic systems. They are very much streamlining their government. This has made a massive difference in stability in Iraq.
Member: That needs to happen in the US….
MZ: “Congress unveils new program that converts the unified card into rations” this is a bad translation – but it means their new national ID card will know their status …and is a government services card. Also a new program to help the under privileged.
Member: Today is the day Iraq pays the salaries of the Kurdish region. Yesterday was the New Year. Will tomorrow have the missing Gazette with the rate published? One can hope!
MZ: On the bond side there are more confirmations that they are expecting payments early next week…most are focused on Tuesday.
MZ: One bond trader swears that we should expect our announcements around Tuesday or Wednesday next week. We have to wait and see if this is accurate or not.
MZ: Seems to be a black out or brown out on the group side.
MZ: I now have 2 bankers/redemption folks who say they will be working this weekend. One of them said they are making new system software updates….while the other one says they are preparing for an influx of new wealth management clients this month.
Member: I'm new to the RV info. I have Dinar and Dong. My question is once the RV happens, do we exchange back to USD? Or would we hold the foreign currency until after the USD collapses?
Member: Supposedly when the Fiat system collapses…..the new system and new USN notes that are asset backed are ready to step in….I sure hope it’s true.
Member: I will admit, I’m in a state of frustration, even though I know we should be close to the finish line
Member: Mnt goat is positive no RV until after elections. I guess that makes sense…..Maybe next administration will push RV through.
Member: Another 3.8 earthquake on Vancouver Island British Columbia, this morning. Everyone felt it.
Member: Another hurricane forming to take same path as the last one.
Member: If there was ever a time to have our humanitarian funds... this is the time!!
Member: Rumor is 150 Bankers have been arrested that were trying to stop it.
Member: Wish I believed it. Been hearing the boy who cried wolf for years….nothing is ever true.
Member: Seriously…how bad does it have to get before the white hats step in?
Member: “I Want The Truth!!”…..“You Can’t Handle The Truth!!” – A Few Good Men
Member: I sure hope October is our month...
Member: I had a dream last night that I was telling people about the RV... and that it was going to happen... and it happened in the dream
Member: May your dreams come true….lol
Member: Let us pray for comfort, peace, safety and grace for all those affected from that horrific storm. Also that the RV appears soon to help everyone
Mr. Cottrell and CBD Gurus join the stream today. Please listen to replay for their information and opinions
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
