Al-Sudani chairs a meeting to follow up on efforts to develop the work of the government banking sector
Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on efforts to develop the work of the government banking sector, in the presence of representatives of Ernst & Young Auditing and Financial Consulting.
Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Thursday on efforts to develop the work of the government banking sector, in the presence of representatives of Ernst & Young for Auditing and Financial Consulting.
A statement issued by Al-Sudani's media office stated that during the meeting, a package of recommendations was presented by the company to proceed with the reform of Rafidain Bank, which included the new legal status of Rafidain Bank, its capital, its work strategy, and the new consultant who will work with the bank to meet the global requirements for modern banking.
The statement explained that these recommendations will be submitted to the Ministerial Council for the Economy, which will then submit them to the Council of Ministers for approval.
The statement quoted Al-Sudani as saying that the issue of restructuring Rafidain Bank is the first step in the government’s banking reforms, which have been given special attention to follow up on all reports related to it, submitted by the relevant authorities, especially the committee concerned with the restructuring process.
The Prime Minister stressed the importance of the banking sector reform project, which began with Rafidain Bank, pointing out the work to provide a bank with specifications and standards through which problems can be overcome and confidence can be given to citizens, in addition to enhancing cooperation with local and foreign investors. limkn
MZ: This is shocking to me this morning -Watching gold and silver
Member: I'm ready to see silver break above $33.225 and then it's off to the races IMO
Member: Brics summit will go a long way to see what happens about the RV…Starts on Monday next week
Member: I heard Chase and BOA are close to bankruptcy
Member: That banking info was shared by Jeff Rahm at Fearless Floyd in the last 2 days. BOA, Chase & Duesche Bank collapse/merger
Member: Chase is sure opening a lot of branches for being close to bankruptcy
MZ: BOA is certainly behaving like a bank on the ropes. But are they on the ropes? We don’t know for certain. I argue all banks are on the ropes because of derivatives.
Member: I haven’t heard that shotgun yet . Praying to get it soon!
Member: Remember we are privileged to be invited to be Involved. This is major in Iraq and they have no concern for us investors! Stay positive, keep working, and change your mindset to abundant and service.
Al-Sudani to Lukoil delegation: The government attaches great importance to developing oil industries and production capacities, 19 OCT
Prime Minister Mohammed Shia al-Sudani stressed, on Thursday, that the government attaches great importance to developing the oil industries and Iraqi production capabilities.
A statement from his office received by Al-Mirbad stated that "Prime Minister Mohammed Shia al-Sudani received a delegation from the Russian oil company Lukoil, where they reviewed the progress of cooperation with the company and the executive work it is undertaking in Iraq."
The statement added that "the Prime Minister listened to a briefing on the company's work in the West Qurna 2 and Orido oil fields, and the progress of implementation."
The Prime Minister stressed - according to the statement - that "the government attaches great importance to the issue of developing the oil industries and Iraqi production capabilities, and a priority in implementing development projects; in order to maximize revenues, especially in the field of transitioning to the production of various petroleum and petrochemical derivatives, based on a broad and strong infrastructure for the oil sector, especially in the field of extraction." link
Welcome everybody to the big call tonight. It is, let’s see what day it is. It is Thursday, October 17th and you’re listening to the big call – thanks everybody for tuning in all over the globe. Thank you for being part of the big call universe, as we refer to it as and thank you for just your faithfulness over the years, over the 13 years, many of you, a lot of you, have listened to the call for that long, and so we appreciate that. We really do appreciate your faithfulness and listening – putting up with us and our shenanigans sometimes, but overall, we’re still doing the best we can to put out the best information that we can. And, of course, Sue and Bob along, they help keep me straight. Well that’s good. And let’s do this let’s put let’s bring in a prayer. Let’s pray the call in.
Now let’s, let’s switch gears and go over to the intel that we have created for tonight. First of all, let’s talk about what Jeannie brought up in her prayer tonight – the idea of, what about R and R? We’ve talked about that – and you know that you’re already have your restitution and your reclamation allowance, RNR in your quantum account that you will activate when you do your exchanges at the redemption center –
Those of us who have currencies – those of us who are redeeming Zim, those of us who are doing these exchanges and going into the redemption Center, which is the only recommendation that we make for you to do, is to Set your appointment at the redemption center and go, and I’ve told you, the rates are higher at the redemption center, and that’s going to be your best bet. Okay,
So – what you need to realize is that R & R is in your quantum account, you will get a quantum card, which is three times the thickness of a credit card. And you’ll have that. You’ll also plug it in to get this card biometric fingerprint or thumbprint reader that’ll put that onto a chip into the card.
You’ll also have a new – well, you have a username and password for your quantum accounts, username and password, then you also will have a five digit pin, which is good for you. So you need to kind of create a five digit PIN number, personal identification numbers, what pin stands for, right? So you’ll have a five digit on that, and then you’ll also have, let’s see, beyond that we get into you’ll have a brand new email you’ll set up for this purpose of not one that you already have, but a new email, and it might be Gmail.
It’s, I understand, very secure these days as new people bought Google, and it’s it’s a better, safer way to go. So Gmail is good, or whatever you’re you want to use if you don’t like Gmail, and then you also would have a new password for that email.
So those are steps that you make in setting up your quantum account, getting your quantum account card – so remember – you don’t charge anything on this card. This is something that you use only to move money from your quantum account into your primary or secondary bank accounts
Ok and my understanding is you can tie that quantum account to three separate banks -Wells would be the first – If you use a couple of other banks you could attach those banks to the quantum account at a later time
But on day one – when you go into your exchanges – and redemption of zim – you’ll get that account set up – your quantum account – and you’ll also get a debit/credit card – already made out for you at Wells Fargo – at the redemption center – which is working through the Wells Fargo bank – You’ll have that too and you’ll have funds you’ll move from your quantum account into your – let’s call it master account – or primary bank account with Wells – and that availability is on your credit/debit card.
It’s also something you could wire funds from that account if you have large amounts that you need to send off. And it also gives you the ability to write checks on that account if you are a check writer, okay, so you have ways to access those funds that you move in.
And how much can you move in for 60 days? It can be a large amount. Doesn’t have to be, you know, a few $1,000 or $100,000 it can be millions or even a billion or more dollars that you can move.
And then that’s all you’ll be able to do at the redemption center – later you can set up like in my case I’m using four LLCs. I’ll have the master account in the name of my master trust. And then the four LLC will be in the names of the LLCs that have already set up with and those will be four separate accounts, that will be tied to LLCs,
That’s what I’m going to do, I’ve been advised to use LLC’s instead of nonprofits or foundations. That’s just coming from my attorney and his experience of 35 years teaching trust law, and he said, Look, this is the way we’re doing it. And I said, Yep, that makes sense. Let’s do it that way. We set all that up already, so that’s going to be ready to go.
Now – let’s get off of that and talk about – we’ve talked about R & R – Let’s talk about the — let’s see what the next thing. Oh, Social Security increases. I don’t know that I mentioned this on Tuesday. I cannot remember whether I said anything about it. I might have.
But just as point of review, Social Security increases are not going to be in October they are supposed to occur in the month of November. And this is how it works. We get paid social security. And you guys already know that if you’re receiving it 62 and older, if you sign up for early social security, you’re you can get it at the age of 62 – my understanding is you can sign up for that six months prior to your 62nd birthday, all right?
And so something like, I signed my signed up. I’m going starting age 63 Well, if I’ve been on the ball, I would have signed up six months before my 62nd birthday, and had that all ready to go at age 62 – would have been nice, but that’s just what I did, Some of you guys ride this thing all the way out and not touch it till you’re 70 and a half years old. That’s your prerogative. Fine. Do what you want to do on social but increases are coming in the month November we are told – by a soc sec representative we contact
And it’s going to be – let’s say your first Wednesday of the month is your Social Security Wednesday, first Wednesday, you would get your increase in the second week of the month, your normal security in the first Wednesday, and then a week later you get your second, which is your increase amount.
And we’re looking to get increases of 80% to 100% of what you’re normally getting – 80 to 100% increase.
So those, those guys that are getting 2500 or 3000 a month, to 80% of that, and that’s what would be added in your second payment of the month. If your second week, Wednesday, second week, it’s your increase in the third week. If your third week, you get your regular Social Security amount in the third Wednesday, then you get your increase in the fourth week.
If you’re fourth week, you would get your regular social security in the fourth Wednesday – and your fourth Wednesday, and November is the 27th I believe, and then you would get your addition increase 2 days later, in that case, two days later, which would be the 29th of November. November has 30 days.
So that’s how it’s set up to work from our source at Social Security. We’ll see if that’s what happens. I know we’ve been pushed month after month after month after month. I remember three, four, maybe five times. We’ve been told social was coming and it hasn’t yet – I think it started back in April, April, May, June, July, August, September, wow. It started back in April its more like 6 months ago,
So that’s what I’ve heard, and that answers, you know, the question about Social Security increases, as far as we know that’s it – All right, now let’s move into what’s going on right now.
In terms of — we do watch the Iraqi dinar, which is sort of a linchpin for everything going and we’ve read the Iraqi dinar was not on the Forex yesterday or today, as we thought it would be yesterday, and it was not. And we’re hearing now it’s either going to be on the forex with a new rate, either Friday night, which is tomorrow night, or Sunday night.
My bet is Sunday after the Forex comes back up after having been turned off or closed for 48 hours, which is typical every weekend, from five o’clock Friday to five o’clock Sunday, it’s down. It’s down so that they can reconcile accounts on forex. And I don’t see it coming up Friday night.
But It could and it could be Sunday after five that it comes back. All right, so here’s the next part that’s that’s good, that’s important. We need it to show up. But now where do we stand let’s talk about bondholders.
Bondholders have been told that theyare receiving their email – which will let them know when they can have access to their accounts, those emails were to go out today, tomorrow or Saturday, three days that they would go out, Thursday, Friday, Saturday, today’s Thursday, they would go out one of those, or maybe all of those, three days to bond holders , and it would inform them of when they would have access to their funds in their account. And I believe they’re going to find that the date they were told would have access to those funds will be on Tuesday.
Now, in keeping with the idea of a shotgun start – the new version of the shotgun start is calling a rollout – Is being called a rollout. They are rolling out the toll free numbers to us. And it looks like we’re going to get possibly something over the weekend, but I’m also hearing we can get it Monday possibly Monday morning or mid morning – that we would receive our toll free numbers in those emails from Wells Fargo.
Why do I say all the way to Monday? Because we know the redemption center staff going in at 9:15, 12:15, they’re staggering them going in — Now, why would they be in? Well, it would be so that they can be there to set our appointments at those redemption centers.
So Personally, I think that’s our Go date. I think Monday – when we get numbers, we set our appointments to start exchanges, hopefully on Tuesday, which is the 22nd
Now, why the 22nd why the 21st which is Monday? Because the BRICS nations are intending to bring out their reserve currency on Tuesday the 22nd and you guys know we’ve had back walls and had back walls knocked down in the past, and they have never come to fruition – when we’ve had a back wall in the past, it’s never come to fruition for us.
I believe we’re going to have an opportunity if everything holds out, to get our notification Monday and set our appointments Monday and start exchanges on Tuesday, the 27th
Now that is what we have heard by several of our sources that tend to agree. There’s an occasional source that says Sunday or Monday we get notified, hey, I’m open to it any day, even tomorrow.
The word was get ready for the weekend. Well, who? Who us in tier four? 4B specifically, we’ve also heard that the admirals group that the admiral has initiated funding into the admirals group’s accounts. We also know that so far, nobody has nobody in the admirals group that we know of has received notification from the admiral yet of that fact – that they have funds in their account, but I believe that will occur, and it might just time exactly likely with us getting notified on Monday.
That’s my suspicion – that is that they will be notified at the same time we’re notified – and hopefully it will be on Monday -the 21st
So that’s a long way around to tell you that things are moving forward for us, hopefully this back wall, if we want to call it that, even though it’s a banned phrase on the big call. – just kidding but it should be, is that we should get this thing moved through – that would put us there on the 21st the 22nd we would start our exchanges and go through the end of October.- and probably continue on for another week or so in November for exchanges,
Remember the process is – once you see the toll free number in your email, or on the big call universe website, or in an email that we send out from big call universe, and you have that number as well , we won’t send it out unless we confirm that the number is correct.
So we’ll get that out to everybody that’s registered on big call universe.com, and and that way you’ll have it
So when you get that 800 number you’ll call, you’ll set your appointment with through the call centers. There are two, three, I think six of throughout the country, six call centers.
And that was a regional, probably by time zone, and that way, you’d be able to set your appointment through the call center and get delivered or rerouted, if you will, once you’re on the phone to the redemption center that you indicate is the one closest to you based on your zip code alright – and once you enter that in and go, you’ll should speak with someone at the redemption Center, where you are going to be exchanging a live human being a nice person that will probably be one of the people you’ll be meeting at your redemption center.
Okay, so I hope that’s clear to everybody. I wanted to make it clear. I wanted to say it again to you, and I can tell you that we still are looking at an extremely high contract rate on dinar – should be offered to us – we have a on par rate on the Zim. If you know what on par means with the USN, you should by now and the other currencies are going to be – except the dong will be higher – but the other currencies are between 3 and 6.50 – the other currencies that are going up in value.
So … that is what I wanted to tell you guys tonight – and I think that would take care of most of the questions that you would have – I’m trying to think ahead of what is important to you. Make sure you bring one or two photo ID’s of yourself – make sure you have a copy of a what do you call it? A utility bill, cell phone bill, utility bill that shows your physical home address, so that they know that you’re a real person, and you live at this address – bring that as well
Bring a copy of your presentation that you want to present, which might be a very short presentation, no longer five to eight minutes, but maybe three to four or five minutes. And of course, don’t forget your currency.
Make sure it is lined up by de nomination. If you’ve got dinar – don’t mix your 10,000 notes in with your 25k notes. Don’t put your 5k notes – Try to separate them by denomination. And if you, if you know and do it that way – same thing’s true on Zim, same thing’s true on all the currencies. Try to keep your denominations – each note with like kind amounts of each note and attach them or bundle them – however you want to do it – in envelopes or whatever.
Make it easy for them. So they say, Oh, okay. 25k and our notes, Oh, I see. These are all 200,000 dong notes etc, you know? Oh, these are all 50 billion dollar zim notes. Oh ok these are all Trillion or 10T notes of zim. These are 50 T zim notes. These are 100T notes – whatever they are – try to keep them separated by denomination
okay, and then get that out so they can, go through those, and they’ll go through and that’s just terrible separate those, and use the Delarue machine to count and verify your currency , and they’ll do all of that.
So I just wanted to bring that up and say that’s what we wanted to cover tonight. I think we should pray the call out – so let’s do that right now.
FRANK26: "IT'S NO SECRET TO ANYONE ANYMORE"...........F26
The College of Administration and Economics at the University of Mosul holds its international scientific conference on “Development and financial and economic stability to restore confidence in the Iraqi dinar”
14 October، 2024
Under the patronage of His Excellency the Minister of Higher Education and Scientific Research, Dr. Naim Al-Aboudi, and under the supervision of Prof. Dr. Qusai Kamal Al-Din Al-Ahmadi, President of the University of Mosul, and under the follow-up of the Dean of the College of Administration and Economics, Prof. Dr. Thaeir Ahmed Saadoon Al-Samman, and in cooperation with the Nineveh Future Center for Strategic Studies, the College of Administration and Economics, Department of Banking and Financial Sciences, held in the hall of the University’s Grand Theater on Monday, 14/10/2024 at 10 am its international scientific conference tagged “Development and financial and economic stability to restore confidence in the dinar Iraqi ”
His work lasts for two consecutive days … The opening ceremony of the conference was attended by the respected Governor of Nineveh, Professor Abdul Qader Al-Dakhil, the Chairman of the Parliamentary Education Committee, Prof. Muzahim Al-Khayyat, the Assistant Chairman of the Parliamentary Energy Committee, Mr. Mansour Al-Maraid, the representative of the Nineveh Operations Commander, the representative of the Nineveh Police Commander and the President of the University and the assistants of the President of the University of Mosul for Scientific Administrative Affairs, the Dean of the College, members of the University Council, personalities from the city and a number of faculty and students of the college and the university.
The opening of the conference began with a recitation of verses from the Holy Quran, followed by Prof. Dr. Ali Abdul Sattar Al-Hafiz, followed by the reading of Surat Al-Fatihah on the souls of the martyrs of Iraq, then playing the national anthem,
then a speech by the respected Governor of Nineveh, in which he talked about the importance of development and economy in order to restore confidence in the Iraqi currency and about the reconstruction revolution in the province, which was accompanied by the process of reconstruction of Iraqi universities, especially the University of Mosul, followed by a speech by the Chairman of the Parliamentary Education Committee and a speech by Mr. The Dean of the Faculty welcomed the attendees, as he spoke about the importance of supporting the national economy and the need to support it, the recovery of trade, the fight against corruption and the implementation of the decisions of the monetary authority, then a speech by the Director of the Nineveh Future Center for Strategic Studies in Mosul, the consultant engineer Nabil Al-Youzbeki, then the start of the work of the conference axes, the first session chaired by Dr. Ahmed Younis Al-Sabawi for the first speaker was Prof. Dr. Dariusz Zarzecki in Financial Management at the University of Zsczecin in Poland, followed by the distribution of shields and certificates to the organizers, supporters of the conference and members of the committees.
The themes of the conference touched on enhancing the challenges and opportunities related to financial and economic stability in Iraq, and working to develop effective strategies to restore confidence in the Iraqi dinar and promote sustainable development.
The conference aimed to highlight the role of economic policies in achieving stability and restoring confidence in the Iraqi dinar,discussing the main challenges affecting the stability of the Iraqi dinar, proposing possible solutions, building cooperation networks based on effective strategies to promote economic development in Iraq, and exchanging knowledge and experiences on strategies to improve economic development in Iraq.
