FIREFLY:Mr Sammy [Iraqi bank manager friend] wants you to know one of the things they strongly talk about is that currency flotation, and stop the currency auctions, it will be a big solution to help end the black market.
FRANK: The currency flotation will be big to end the black market because the CBI auctions, let's say that would be to the left, but no more. That road to the left has been shut down...
So which way can it go?
Only to the right.
What is to the right?
An international float. If it has an international float it's going to go up in value because everybody's going to use it buying, selling, trading with the currency adds value as it goes into the float.
US Ambassador discusses with Oil Minister reopening Iraq-Türkiye pipeline
US Ambassador Alina Romansky discussed with Oil Minister Hayan Abdul-Ghani the reopening of the Iraq-Turkey pipeline today, Friday.
The ambassador said in a tweet followed by /Al-Youm Al-Akhbariya/, "I was pleased to visit Oil Minister Hayan Abdul-Ghani Al-Sawad to check on his health.
We also talked about increasing investments by US energy companies to help meet Iraq's energy needs, including how reopening the Iraq-Turkey pipeline will contribute to strengthening the comprehensive US-Iraqi partnership and creating investment opportunities." link
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 Morning Mark, Mods and Members
Member: It's going to be a Fabulous Week my friends.
Member: Any big news today Mark?
MZ: I’m not expecting big news this week until Wednesday
(From Monday Night)
MZ: In Iraq” Parliamentary Finance sets the date for the 2025 budget to reach parliament” Very early next year. This is curious to me but think they may be avoiding releasing it until after they have the rate change and exchanges…..so strangely enough this fits in very well to what I am hearing. That they need to get the rate change done soon. They need to change rates and do everything they need to do before approving that budget.
MZ: “Iraq Trade Bank opens a new branch in Baghdad” The Iraqi Trade Bank ‘s goal is to expand into other incomes outside of oil revenue…and loans for those businesses. This is part of the deep commitment Iraq has given to diversify its economy so it can justify a higher rate. It’s all in their white papers.
(From Tuesday Morning)
Member: BRICS Summit is starting today…….Hope something big comes from it.
Member: Mark, Can you explain about Wise accounts? Someone suggested moving all your money out of a bank and into a Wise account. I thought our accounts were supposed to be mirrored in the QFS??
MZ: Many people believe our accounts are mirrored in the QFS. But, we do not know for absolute certainty. Have you seen any rock solid, provable proof? I havn’t. But I believe they are. That being said- A wise account is like having a multi-currency account.
MZ: From Iraq “ the Central Bank of Iraq agrees to exchange the activity of the Commercial Bank of Iraq” They are changing to Islamic. What does that mean?
Member: Islamic law refers to Sharia law, based on the Koran
Member: Islamic banks have much lower interest rates on cards and loans.
MZ: Or does this mean they are separating themselves from the US and go their own way using BRICS as a backbone? I am curious what you think?
MZ: “Dollar falls slightly in Baghdad Stock Exchange and exchange” This is showing us stronger stability which is something Dr. Shabibi wanted before a new value.
MZ: I did get some positive news from a couple of Indian Nation contacts here in the US. Indian Nations are due historic settlements and fines and penalties. It will be a pretty hefty pay out for the indian Nations. And they are part of the end of tier 3 , so when their funds are moving…we are about to get our announcements. Suddenly we are being told they are expecting that to move in the very near future. I will not give dates on that and chance getting them or me in trouble.
Member: MarkZ does the congress have to vote on nesara in order for it to go through??
Member: Sure hope Zim exchange will be real…..wouldn't it be something if ZIM was the "sleeper"
Member: There are so many rumors, so much disinformation from so called “gurus”. People are losing hope.
Member: Be careful when you follow the masses; sometimes the M is silent.
Member: Come on RV GCR …..Lord, we are ready! Strengthen our resolve to help make this the world you wanted for us! Lift us up & bless your faithful to go out & be beautiful examples of Your unconditional LOVE
Member: Let no feeling of discouragement prey upon you, and in the end you are sure to succeed.
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
Parliamentary Finance Committee Talks About Non-Oil Revenues In The Budget And Directs An Invitation To The Government
Policy 2024-10-22 | Sumerian News – Politics The Finance Committee in the House of Representatives called on the government to expedite the preparation of next year's budget according to the specified timetable. While discussing Chairman of the Committee Atwan Al-Atwani with the delegation of the Adam Smith International Foundation group Of the laws related to the development of the financial and banking system.
Member of the Finance Committee, Mustafa Al-Karawi, stated that “the current year’s budget stipulated the necessity of providing Parliament In the financial schedule before the end of the fiscal year, and any delay in that will cause a delay in the start of implementing the budget and its schedules,” noting that “the non-oil revenues targeted in the budget are estimated at 27 trillion dinars, while what has been achieved so far does not exceed 8 trillion dinars only,” he said.
Al-Karawi added that "the Ministry of Finance indicated the possibility of collecting 3 trillion dinars per month during the coming period, and that the Finance Committee called on the government to enhance non-oil revenues and ensure the achievement of financial targets to avoid any economic imbalances."
The MP stressed that "the committee is closely following up on how the budget funds are distributed, to ensure that they are used effectively to serve citizens and enhance the national economy."Pointing“It discusses from time to time ways to increase government revenues by developing the tax and customs system,” the MP noted.
“There is a government plan that relies on automating and modernizing the work systems in these institutions, and it is expected that its implementation will be completed by the end of this year, which will contribute to enhancing revenues and ensuring better efficiency in collecting them,” according to the official Al-Sabah newspaper.
In addition, he reviewedChairman of the CommitteeFinance, Atwan Al-Atwani, yesterday, Monday, with a delegation from the Adam Smith International Foundation, projectslawsThe mission includes the Securities and Commodities Law, the Banking Studies Center Law, and the Islamic Sukuk Investment Law, with the necessary amendments, noting that these laws will be read in the upcoming sessions.
Al-Atwani also reviewed before the delegation the most important challenges facing the financial system in Iraq, as well as the steps and priorities of the Finance Committee within the framework of finding a correct philosophy and rational management of public money and the economy through diversifying sources of income and not relying excessively on oil to feed the state budget,
stressing that the Parliamentary Finance Committee, within the framework of its permanent movement and continuous efforts to maximize non-oil revenues, is currently working on amending the law of the General Authority for Monitoring the Allocation of Federal Revenues. LINK
this about the fear mongering about changing your dinar or double dipping, my honest opinion if you like me ,need to exchange it ,
my opinion is to go to main banks like wells fargo , chase , HSBC or bank america becouse most redemtion centers are banks ask for a private banker ask the questions that really worries you,
including myself about especially the last gossip ,
best to ask professionals not others truthers , just my opinion...
