Saturday, October 26, 2024

"BANKERS ARE ANGRY" BY TEXAS SNAKE, 26 OCT

 TEXAS SNAKE

Fri. 25 Oct. 2024 Texas Snake

 Bankers are angry. Those in control of releasing the GO button for the Global Currency Reset didn’t give the announcement they were expecting.

 Especially since the redemption center people had been ready and waiting since 8:00 am.

NADER FROM MID EAST: lets have fun

Hybrid Monetary Policy” Sudanese adviser reveals the new step of the Central Bank, 26 OCT

 The economic adviser to Prime Minister Mahar Mohammed Saleh, on Saturday, explained accurate details about the importance and reasons for the Central Bank of Iraq’s decision to reduce the interest rate.

The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram. To subscribe, click here

Saleh told {Al-Furat News} that he said: “It is clear that the monetary policy of the Central Bank of Iraq has been to meet the requirements of growth in real economic activity by activating its operational objectives aimed at reducing the cost of credit and financing within the joints of the economic system in general and banking in particular.”'


He explained, “The Central Bank, through its decision issued under its October 24, began to reduce the interest rate of monetary policy (which is the price at which the Central Bank of Iraq deals with the banking system) by about 200 percentage points, by the interest under which the Central Bank deals with banks from 7.5% to 5.5%, which means that the Central Bank of Iraq follows an expansionary policy in targeting the money supply and in a manner commensurate with activating the real sector in the national economy and addressing unemployment indicators in the macroeconomics.”


According to the statement of the economic adviser to the Prime Minister, “Despite the above, the bank did not overlook in its new policy the importance of continuing to control the local liquidity levels and conducting high sterilization operations for it, by introducing debt instruments called Islamic depositary certificates and with a return that increases with the prolong the period of extinguish of those securities borted by the banking system, which are one of the sovereign debts that can be mortgaged or deducted in the secondary market, which is one of the preferred debts.”


He added, “The monetary policy of the central bank has given a reference to the financial and banking system that its easy or flexible policy adopted by the bank in moving the liquidity of the economy is under continuous control in order to play the role of the monetary authority in combating inflationary activities and imposing economic stability as its first central objective.”


Saleh concluded by saying, “Between expanding the movement of the liquidity of the economy as an expansionist policy and the imposition of control over liquidity sets by introducing debt instruments in return at the same time in parallel, we can call the current monetary policy of the Central Bank of Iraq as {a hybrid flexible monetary policy}.”
The bank decided to reduce the interest rate from 7.5% to 5.5%, as well as to reactivate the securities (Islamic certificate of deposit and cash transfers) according to an annual plan and two terms: with a return of 4% for 14 days and a return of 5.5% for 182 days.

Ragheed

https://alforatnews.iq/news/سياسة-نقدية-هجينة-مستشار-السوداني-يكشف-خطوة-البنك-المركزي-الجديدة

RV UPDATE BY MIKE BARA, 26 OCT

 MIKE BARA

90% sure the “Bondholder” got paid. Working on confirmation.

----

LATEST FROM MIKE BARA

Crown fell out again. Gotta find $2 grand to get it fixed. Right before Christmas. Great. 

MIKE BARA

UPDATE


 1. I know for a fact (not hearsay) of TWO whales who were called to Zurich on Sunday night to cash-in on their bonds. One of them who was to check in has now gone completely silent (NDA).


2. BRICS Summit opens today.


3. The Gazette in Iraq is published every Wednesday and Saturday.


4. 3:15.

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-mike-bara-22-oct.html

MILITIAMAN: MM&C News Reporting-Iraqi Dinar-Article 140-Budget Tables- Final Account...

Evening News with MarkZ. 10/25/2024


Friday Evening Chat With MarkZ 

MarkZ  Update- Some highlights by PDK-Not verbatim

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: Hello Mark Mods and all ……time for some good news

Member: Good Evening to all of you people waiting on the RV! 

MZ: Nader just announced he is doing a live broadcast tonight and something big has happened…and he is going to break it. I do not know what it is. 

Member: Nader talkin Forex...its on there?? 8pm with Nader on youtube

MZ: “Parliamentarian announces it explicitly: Some currency smuggling companies belong to influential parties and personalities”  some of the shenanagans might  be caused by big personalities, foreign companies and  local politicians. They are cleaning it up. I like the fact that Iraq is going after bankers to clean things up 

MZ: “The central Bank of Iraq decides to reduce interests to 5.5% in order to support economic growth” Their inflation had dropped from 7.5% to 3% ….So they are dropping the rate and making more loans available to stimulate business creation. 

Member: I hear Iraq is waiting for the US Treasury notes to be issued… USTN

MZ: This story breaking today: “Billionaire Warren Buffet dumps $10,500,000,000 billion in Berkshire’s Bank of America’s stake after slashing JP Morgan Chase, Wells Fargo investments to zero”  Why is this important? If he suddenly dumps the stocks it would probably cause a run on banks. He is historically one of the most solid traders in the world and he is unloading all bank stocks. . 

Member: Any more movement with Indian and farmers claims? Is CMKM this weekend????

Member: Wolverine Said this week.... so not much longer ?

Member: It would be great for the RV to go this weekend

Member: cya all in the morning have a Great night

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.

TIDBIT FROM CLARE, 26 OCT

  Clare 

  Article:   "Waiting to be sent.. Oil and Gas Law on the Government Discussion Table"  Quote:  "Member of the Parliamentary Oil, Gas and Resources Committee, Kazem Al-Tawki, confirmed today, Thursday, 

that the draft oil and gas law is awaiting approval within the Council of Ministers, indicating that the joint committees between the federal government and the regional government are continuing their work to decide on the law."


Expected Rise In The Dollar... "Temporary Shock" Awaits The Iraqi Market, 24 DEC

  Expected Rise In The Dollar... "Temporary Shock" Awaits The Iraqi Market Economy |Today  Baghdad Today – Baghdad  The "Iraq...