EXCERPTS FROM MARKZ: " REDEMPTION CENTERS ARE WORKING THIS WEEKEND" @DI...

Ministry of Finance announces release of more than 400 billion dinars from governorate allocations , 14 OCT

 Ministry of Finance announces release of more than 400 billion dinars from governorate allocations

10/13/2024

 The Ministry of Finance announced that it is about to release more than 400 billion dinars from the governorates’ allocations today, Sunday.

 Finance Minister Taif Sami said in a press statement: "The ministry will release today more than 400 billion dinars from governorate allocations."

She pointed out that "financial allocations have been secured for the ration card and the food basket, sufficient for the next six months."

Regarding the revenues generated from exporting the region’s oil, Sami said, “The regional government has not handed over its oil revenues to the state treasury since the Federal Court issued a decision to pay the salaries of Kurdistan employees, noting that the salaries of the region’s employees are estimated at 13 trillion dinars.”LINK

EXCERPTS FROM MARKZ, 14 OCT

 EXCERPTS FROM MARKZ

MZ: I do know of a couple redemption center folks/wealth management contacts who are working this weekend. They don’t know if its this week or next week but very much expect it to happen in the month of October. So they are putting in extra hours to be prepared. They are putting in extra hours to be ahead…taking care of existing customers so that they have no diversions when they expect us. 

MZ: I think it’s very encouraging that they are so convinced they will see us in the next couple of weeks that they are putting in extra hours so when it goes …they can focus on all of us “new” customers. 

MZ: I was really surprised , but long ago I talked to one who has been in this since the beginning…..at first he thought I was coo-coo….but then he called and said “you are not going to believe this –we are going to handle foreign currency…..can you bring yours in so we can practice exchanging and train them?”  He has kept up with this and now has currency himself. He loves his job and will keep working but says it will be different now because he won’t need the money.  

MARKZ & WOLVERINE: CONTRACTS ARE GETTING TO GET PAID & BOND SIDE IS UNDE...

Prime Minister's Advisor: Implementation of the 2024 budget is proceeding smoothly, 14 OCT

 Prime Minister's Advisor: Implementation of the 2024 budget is proceeding smoothly

The Parliamentary Finance Committee is expected to discuss the 2025 budget next November, amid a general trend to pass it easily and not amend it significantly, while the Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Muhammad Salih, stated that the 2024 budget that entered into force had a "precautionary deficit" of about 64 trillion dinars.

Salih said, in an interview with "Al-Sabah": The average Iraqi oil sales for 2024 were estimated at no less than $75 per barrel, noting that the general financial need for "bridge loans" (which are short-term loans) to address the possibility of a deficit may not exceed 10 trillion dinars in all cases, which are borrowing amounts permitted under Law No. 13.

The financial advisor added that the country's "financial life" in 2024 is proceeding smoothly, wondering, otherwise how did the Ministry of Finance issue 2024, in cooperation with the Central Bank of Iraq, "achievement bonds" for public subscription.

Saleh explained that these bonds are denominated in Iraqi dinars and come in multiple categories, including a category of 500,000 Iraqi dinars for two years with an annual return of 6.5%, indicating that these bonds are a safe investment, as the government is committed to paying the annual interest on them, and they are an integral part of bridging the deficit in the general budget for the year 2024, which means that they will come into effect.

In turn, economic researcher Ziad Al-Hashemi warned in an interview with “Al-Sabah” that the 2024 budget is facing pressures in terms of limited liquidity, noting that this has caused the government to be unable to spend the capital or investment budget, and to direct liquidity exclusively towards the operating budget.

Al-Hashemi continued that this mechanism has disrupted the implementation of the government’s development and service programs and has significantly disrupted them, expecting the deficit in the 2025 budget to increase with the decline in oil prices, below $70 as a result of the decline in global demand for oil.

He expected that it would cause financial hardship and a weakening of the ability to spend if the decline in oil revenues continued for periods exceeding two quarters, indicating that the hardship might force the government to return to borrowing internally and externally, in the hope that oil prices would rise again in the near future. link

MARKZ: " SEVERAL OF HIS CONTACTS ARE STILL WAITING TO BE CALLED TO THE TRADING TABLES" FROM REDENCION2020 TELEGRAM ROOM, (ENGLISH & SPANISH), 14 OCT

Dear Community:

Without entering into conflict with the reasons that have led me to maintain silence in my daily audios, I allow myself to transmit to you in writing some update capsules regarding how the matter that interests everyone in this group is going.

- We know that private operations continue operating significant amounts of money in the main financial centers such as Miami, Zurich, Hong Kong, etc. As I indicated a long time ago when this began, no one in their right mind would pay a million-dollar amount for historic bonds if they did not expect to earn much more when they begin to be redeemed. So, I leave it there as a reflection.

- MarkZ reports today that various activities by government and financial authorities continue to come to light through traditional media, revealing progress in the process of revaluation of the Iraqi dinar and the strengthening of the financial system and economy in general of Iraq. that country. The words stability and security are mentioned in almost all information notes on such activities. Dr. Shabibi, architect of Iraq's economic and monetary recovery model, indicated that the revaluation would take place when the country was a model of stability and security. There it is.

- On the bonus front, MarkZ says that several of his contacts are still waiting to be called to the trading tables to receive their payments. Without being able to say when this would be, those involved indicate that it could be next week. Several of them comment on having received from their buyers (the representatives of the Redemption) the notice to deliver the update of their documents as soon as possible or risk being last in the payment line...........

Let's be on the lookout for surprising movements because the battle between Light and darkness still continues. BUT THERE IS NOTHING TO FEAR.

Have a nice weekend

TRANSLATION IN SPANISH

 Querida Comunidad:

Sin entrar en conflicto con los motivos que me han llevado a mantener silencio en mis audios cotidianos, me permito transmitirles por escrito unas cápsulas de actualización respecto a cómo va el asunto que a todos en este grupo interesa..

- Sabemos que continúan las operaciones privadas operando montos importantes de dinero en los principales centros financieros como Miami, Zurich, Hong Kong, etc. Como lo indiqué hace tiempo cuando esto comenzó, nadie en su sano juicio pagaría una cantidad millonaria por bonos históricos si no esperase ganar mucho más cuando inicie la redención de éstos. Así que, ahí se los dejo como reflexión.

- MarkZ reporta hoy que siguen saliendo a la luz, a través de los medios tradicionales de información, diversas actividades de autoridades gubernamentales y financieras que revelan avances en el proceso de revaluación del dinar de Iraq y el fortalecimiento del sistema financiero y economía en general de ese país. En casi todas las notas informativas sobre tales actividades se mencionan las palabras de estabilidad y seguridad. El Dr. Shabibi, artífice del modelo de recuperación económica y monetaria de Iraq indicó que la revaluación se llevaría a cabo cuando el país fuera un modelo de estabilidad y seguridad. Ahí queda.

- En el frente de los bonos, MarkZ dice que varios de sus contactos siguen a la espera de ser llamados a las mesas de negociación para recibir sus pagos. Sin poder asegurar cuándo sería esto, los involucrados señalan que podría ser la próxima semana. Varios de ellos comentan haber recibido de sus compradores (los representantes de la Redención) el aviso de entregar cuanto antes la actualización de sus documentos so pena de quedar en último lugar de la fila de pagos...........

Estemos al pendiente por movimientos sorpresivos porque aún sigue la batalla entre la Luz y la oscuridad. Pero NO HAY NADA POR QUÉ TEMER.

Que tengan un lindo fin de semana

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