“It’s time to go. It’s about here. Maybe within 24 hours. I heard from a Paymaster that’s it’s not as easy as it appears. There’s a lot of work to make it go.”
Wed. 30 Oct. 2024 FRANK-INFORMADOR The Whales
The Main Leaders of All Countries have been called to receive THE PAYMENTS AND TRAINING. These, in turn; will train and notify the payments to all Group and Social Leaders; These, will be made through traditional banking in their accounts within the QFS System. Thank you very much. We appreciate your patience.
Economical 10/31/2024 Baghdad: Hussein Thaghab Student economic and financial expert Dr. Saif Al-Halafi established the digital gold market in Iraq, which requires cooperation between the Central Bank of Iraq, the Securities Commission, and the Iraqi Stock Exchange, as it gives Iraqi investors the opportunity to participate in the globalgold market, which attracts additional investments to Iraq, and also enhances cooperation between the regime. Iraqi banking and international financial institutions. Al-Halafi said that the Central Bank can issue
digital gold bullion in different weights - 1 gram, 10 grams, 100 grams - approved by the government, and these digital bullions can be traded in the Iraq Stock Exchange, in the same way that stocks or bonds are traded. Through the market's financial intermediaries system, investors can buy bullion, using local currencies or converting them into foreign currencies. He added that the market can be linked to global gold prices and currency exchange rates, which enhances transparency and interaction with the global market. A platform similar to the Forex markets can also be used to trade
digital gold inside Iraq on the Iraq Stock Exchange, pointing out that gold prices will be determined according to prices. Global exchange of gold and foreign currencies. This will give investors the opportunity to speculate on fluctuations in gold prices and link them to changes in global currency prices, which increases the chances of profit and creates many job opportunities.
Regarding the economic benefits, Al-Halfi said: Through this market, liquidityis withdrawn outside the banking system, and that the digital gold market can act as a tool for withdrawing cash liquidity, and instead of keeping money in banks, investors may prefer to buydigital gold, which is asafe assetthat maintains its value. It protects the investor's money from high
inflation rates, reduces the money supply, and this is the goal and limits inflation. He pointed out that the digital gold market contributes to diversifying the Iraqi economy, away from traditional dependence on oil. The market can be a platform for encouraging financial innovation and developing new investment tools, especially exploiting the opportunities for Al-Faw Port to enter work next year, and the large base it provides for investors. Especially individuals and companies, as well as the goal we seek through development. He warned that creating a digital gold market requires a strong technical infrastructure, including secure electronic platforms and clear regulatory laws to protect the rights of investors, and this will increase job opportunities, the ability to diversify and innovate, and the emergence of a startup culture. Al-Halafi explained that the digital gold markets aim to enhance transparency and ease in trading gold, and provide investors with a real opportunity to work, trade, and speculate on gold priceswithout the need to own actual gold, and when the investor wants to convert gold into bullion or jewelry, these foundations allow him to convert digital gold into bullion. With the payment of mining and goldsmithing amounts, all of these products create real and comprehensive investment job opportunities, which creates and enhances a flexible and innovative investment environment in Iraq. Gold is one of the financial assets that has always been a safe haven for investors, especially in periods of economic, political and regional turmoil. Here, with the global digital and financial development, new markets have emerged for digital gold trade, where gold can be easily bought and sold through electronic platforms, in light of these developments, It is possible to create a market for digital gold trade in Iraq, especially with the government’s tendency to establish digital banks and strengthen electronic payment systems, especially the use of electronic payment cards. https://alsabaah.iq/105123-.html
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.
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 than10 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 throughfinancial 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-التصريØ-عن-ال/