Coffee with MarkZ and Mr. Cottrell. 11/01/2024

MarkZChats And Rumors

Nov 1

Coffee with MarkZ and Mr. Cottrell. 11/01/2024

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: Good Friday Morning…..hope everyone had a fun Halloween 

Member: Welcome to November

Member: Could sure use some RV news today……hopefully good news. 

Member: I think Mr C is right RV won’t happen until after election

Member: Is Nov our month Mark?

MZ: unfortunately we blew through Oct without it…..but Nov. sure looks good. 

Member: What makes November different from October?

MZ: New cabinet positions in Iraq plus bond money movement and much more

Member: Plus the US elections will be done….so maybe Iraq will feel confident pulling the trigger when they know what administration they will be working with. 

​​Member: I believe Al Sudani promised his people the rate would change in 2024

MZ: Sudani said they would end the auctions in 2024 and implied they would increase the purchasing power of the dinar as well….

Member: I hear when the auctions stop- we have our RV

MZ: Exactly. 

MZ: In Iraq- It is official. There is a new speaker in Parliament today

MZ: Also in Iraq:  “Sudanese arrives in Turkey on unannounced visit”  To me this one is important. To me this means we are seeing serious progress in the HCL. (Hydro carbon Law) This is a pipeline to Turkey and part of the “Development Road Project” The new future to avoid the Suez canal is to go by land with a land bridge with transfer trucks and going by railroad.  

MZ: This will take them through Iraq, Through Turkey to their ports. There is a large portion of oil sales from Iraq will be going out through a pipeline through Turkey. Most of the oil from the Kurdish region of Iraq already goes through Turkey…So this is an important step for the HCL. 

MZ: “ In cooperation with a foreign consultant-Parliamentary Committee announces the attempt to amend the law of the Ministry of Oil” This is more on the HCL

MZ: “Oil products distribute 300,000 fuel card in Kirkuk” I do know that the fuel cards and new system are part of the HCL. Think of it like a government assistance. They set aside a certain portion of oil proceeds for the citizens….They give back to the people. It’s not a handout- but a cut of the oil production.  

Member: I believe Kuwait also gives a portion of oil profits to their citizens 

Member: Doesn't Alaska provide its citizens a portion of oil proceeds?

Member: Yes, Alaska residents receive a payout from oil royalties in the form of the annual Permanent Fund Dividend (PFD)

Member: It’s like what the American Indians do with their casino revenue. They share it with their tribe.

MZ: “Economic Reforms in the era of the Sudanese- How have fiscal policies changed in two years” This is a fantastic read for all you folks who think everything is the same and its another Groundhog day.

Member: Will Non Iraqi citizens be able to redeem IQD for increase after revaluation without committing it to direct Iraqi investment?

MZ: Absolutely.  

MZ: On the bond side: Same story and same positivity ….. But I do not think we will see a bond holder with funds until early next week. But, if we see a facilitator with money before that  (which is highly possible) this weekend- we will know it is party time. 

Member: Is it possible we could get our notifications before bond holders get their Money

MZ: Absolutely. My guess they start getting paid the same time we get notices to make appointments. It would be too hard to keep things quiet any other way. 

Member: A shotgun start makes sense

Members: Others say we get notified anytime after Nov. 6th. 

MZ: That is pretty much what the upper echelon in banking are saying now. . 

Member: We have been on edge for such a long time waiting for the RV to happen, imagine being a bond holder, seeing your funds on a screen but not having access?

Member: Jeff Rahm last night said we would get 39-50 million for zim but 80% of that would be kept for projects. the 29% we get will be paid out over time. 

Member: I always thought Zim might be paid in installments……Im ok with that as long as we get the full amount for the other currencies. 

​​Member: When the RV happens will we be exchanging our Dinar for the old fiat dollars then to new currency or will it go straight from Dinar to new currency?

Meber: Wish we knew. 

Member: Please stay positive. We are ALL ANXIOUS. Let's support each other.

Meber: Praying there is no violence during this upcoming election week. Everyone stock up and stay safe. 

Member: Thanks Mark and Mr. C…..everyone enjoy your Friday.

MELANIA HINDS: Understanding Iraqi Dinar Value: The Time is Now #iraqidinar #dinar #cen...

The Central Bank Publishes Controls For Declaring Funds And Their Entry Or Exit From Iraq, 1 NOV

 The Central Bank Publishes Controls For Declaring Funds And Their Entry Or Exit From Iraq

 
October 29, 2024
Baghdad/Iraq Observer
 
Today, Tuesday, the Central Bank of Iraq republished the controls for declaring funds, while indicating that it allows the entry or exit of amounts less than 10 thousand dollars.
 
The bank said in a statement received by “Iraq Observer,” that
 
“in order to reduce the risks of entering and exiting funds across the Iraqi border and exploiting this in money laundering or terrorist financing operations, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2025, and the provisions of Controls No. 1 of 2029.” (Amended to Regulations No. 1 of 2017), the following must be adhered to:

1. It is permitted to enter or take out amounts less than $10,000 (ten thousand US dollars) or its  equivalent in other currencies without declaring them.
 
2. It is permitted to enter or withdraw amounts exceeding $10,000 (ten thousand US dollars) to $20,000 (twenty thousand US dollars)

provided that they are declared, with the necessity of showing what supports the purpose of entering or withdrawing these amounts, and
 
in the event that they are not available Identification documents: The traveler must submit an undertaking to bring these documents after (30) days from the date of the declaration.
 
3. It is prohibited to enter or withdraw amounts exceeding $20,000 (twenty thousand US dollars) or its equivalent in other currencies.
 
The process of entering or withdrawing these amounts shall be exclusively through financial institutions.
 
4. It is prohibited to bring in or take out amounts exceeding (1,000,000) dinars (one million Iraqi dinars), even if they have been declared.  The amount will be seized and legal measures will be taken against it.
 
5. Declaration of precious stones and precious metals if their value exceeds ( 10,000) ten thousand US dollars.
 
6.Declaration of financial instruments that are negotiable to bearer or transferred inside or outside Iraq through a person, postal service, shipping service, or any other means, and whose value exceeds (10,000) Ten thousand US dollars.   
 
https://observeriraq.net/البنك-المركزي-ينشر-ضوابط-التصريح-عن-ال/   

TIDBIT FROM BRUCE, 1 NOV

Thurs. 31 Oct. Bruce

• This weekend NESARA/GESARA will start.

• On Fri. 1 Nov. the USTN will be gold backed and our official currency.

• The International Rate on the Dinar is out and trading in the Middle East. It might not make it on the screen tomorrow, perhaps by next Wed. 6 Nov.

• The Banks are to receive three emails: one from the US Treasury, one from Wells Fargo and one from another source. Most have received their first email. They will receive the second from the US Treasury this afternoon. The third one will occur tomorrow Fri. 1 Nov. from Wells Fargo.

• Some Redemption Center staff went in today Thurs. 31 Oct.

• Bond Holders do not yet have access to their accounts. They are looking for emails to come out on Sat. or Sun Nov. 2, 3. Those emails will tell them when they can receive access to those funds.

• Tier 4B (us, the Internet Group) is looking to receive emails for appointments at the Redemption Center Sun or Mon. Tues is E******n Day. We could exchange by nextWed. 6 Nov.

• Global arrests should be complete by Sat. 2 Nov. The Elite arrests in the US should complete on Fri. 1 Nov.

Again, I strongly feel this year not next year BY FIREFLY, 1 NOV

 Frank26 

 [Iraq boots-on-the-ground report]  

 FIREFLY:They talked about about the deletion of the zeros project on the television today.  

FRANK: The monetary reform education is very loud.  It's coming to you at an increased speed. 

 So much is being thrown a you to prepare you.  Again, I strongly feel this year not next year.  I don't want to exaggerate but it's almost to the point that every day they are explaining to you Iraqi citizens why that are lifting the three zeros to give you purchasing power to your currency. This is a dream come true.

Evening News with Zester and Dr. Scott Young. 10/31/2024

"THE CBI AUCTIONS ONLY BELONG NOW TO SUDANI/GOI !!!" BY FRANK26, 1 NOV

 KTFA

FRANK26: "THE CBI AUCTIONS ONLY BELONG NOW TO SUDANI/GOI !!!".........F26

Qusay Saddam seized $900 million and loaded it in trucks in 2003 - Central Bank Governor

10/30/2024

The Governor of the Central Bank, Ali Al-Alaq, said that the lessons are now sufficient for the state to move towards setting a “strict and conservative” oil price in the general budget, to avoid the pressure of declining crude prices, calling for the enactment of a law that sets the size of spending with a specific oil ceiling to ensure its coverage on the one hand, and to ensure the financing of investment projects on the other hand, noting that the three-year budget needs some new tables and amendments in line with the variables of oil prices.

Ali Al-Alaq, in an interview during the Merry Forum, followed by the 964 Network :

The role of the Central Bank cannot be reduced to the currency selling window and some marginal tasks. It is a fundamental pillar of economic and financial stability in the country. Here we must highlight a number of achievements since 2004 until today, the most important of which is maintaining the general price level, meaning the ability to manage the monetary mass in Iraq, in a way that does not lead to inflation or deflation.

After 2003, we inherited an abnormal situation devoid of any real basis for stability. Our reserves that year were $900 million, and they were seized by Qusay Saddam Hussein and loaded onto a truck. This is documented by dates and numbers. So we started from scratch. The money supply in circulation was only 4 trillion dinars. Today, the volume in circulation exceeds 100 trillion dinars, and our reserves have exceeded 100 billion dollars.

The inflation rate today is 3.8%, which is a typical rate that achieves stability and prosperity. It is an indicator of our ability to manage a monetary mass exceeding 104 trillion dinars, which does not allow pressure on purchasing power, and this is considered the most important factor in monetary and economic stability.

We have an additional mission, as we have to introduce all the tools, systems and entities that we have failed to catch up with the world with during the previous decades, and therefore there is a race against timeto move towards the digital economy and advanced payment systems, as we have licensed 16 companies for electronic payment, and we are currently working on licensing digital banks, in addition to achieving advanced stages in establishing a national company for managing payments, and the Central Bank will be a partner in it to enhance it with sufficient support.

As for the reform dimension, we are currently working on two plans to reform government and private banks, which will lead to their restructuring in a way that ensures transparency, governance, and ownership structure in appropriate ways, to be consistent with international standards.

The last dimension of our work, which is not practiced by most central banks in the world, is that we work to stimulate the economy directly through lending initiatives to various sectors. The volume of loans granted to the construction and industrial sectors has reached more than 13 trillion dinars, an amount that exceeds what has been lent throughout the history of the Iraqi state. In addition, we have sought to launch initiatives to lend to small and micro-enterprises, and we have reached advanced stages of establishing a bank specialized in this initiative, and we have named it “Riyada” Bank.

We noticed that the inflation rate in 2023 was 7.5%, as the volume of issued currency jumped from 40 trillion to 100 trillion dinars, meaning that it increased in two years by an amount equivalent to its increase in the previous 18 years, and therefore we decided to withdraw part of the cash liquidity by raising the interest rate and attracting trillions of dinars from the market, although this measure is costly, but the Central Bank does not base its policies on profit and loss, but rather on the basis of performing its main function of controlling the market.

The increase in public debt is a result of the budget deficit, which is the result of increasing spending without increasing revenue. Over time, spending has become inflexible and cannot be reduced, such as the salary bill and others, and this causes a structural imbalance in the Iraqi economy.

The idea of ​​the three-year budget is in effect in many countries of the world, and we decided to move towards it in order to ensure stable implementation, although it requires the issuance of some tables and amendments to address some variables, such as oil prices, for example.

The fiscal year will end and the oil price rate remains within our estimates in the budget, but the lessons have become sufficient for us to set a conservative oil price so that the state does not face economic pressure with the fluctuations of the global oil market. Therefore, a law must be passed that sets the share of expenditures from oil revenues with a certain ceiling, in order to ensure that it is covered on the one hand, and to ensure that the financing of investment projects that are exposed to blows with every drop in oil prices is not disrupted in order to cover the expenditure ceiling.

 

LINK