The Governor Of The Central Bank... Who Goes To Buy Dollars From The “Black Market”?
November 7, 2024 Baghdad/Iraq Observer The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, identified the categories that go to buy dollars from the black market. Al-Alaq said, in an interview with local media, followed by “Iraq Observer,” that
“a number of merchants, for their own reasons, still do not come using the traditional method and transfer what they need at the official price, but the percentage of these merchants decreases over time.” He added,
“There were a small number of people entering the platform for external transfers,
but now the numbers have become large and constantly increasing, and
when we reach the point that everyone is moving to use official and fundamentalist channels in the transfer process, then we find no room for there to be two prices for the dollar.”. The Governor of the Central Bank wondered:
“Why do some people go to buy the dollar on the black market if they have a legitimate request to obtain the dollar, such as if they are a traveler or a citizen buying from abroad or a merchant importing goods or a person who refers to related people abroad for study or treatment or for each other?” Purposes? https://observeriraq.net/محافظ-البنك-المركزي-يُحدد-من-يذهب-لشرا/
All Intel is saying “Next Week.”Safe link 800# will be released closer to go date. Bond funds were being delivered to paymasters. Private appointments are being made now.
Zim Cap information is changing daily but as of now they are paying as follows:
NO projects = 15 million no matter amount you might hold.
With projects = First 2 bond notes are 1 to 1 after this 25 million (per 100T) up to 30 bond notes. To negotiate further you will need to return. Rates are EXTREMELY high.
Al-Alaq Describes The Parallel Dollar As “Abnormal”: There Is Great Stability In Prices
November 7, 2024 Baghdad/Iraq Observer The Governor of the Central Bank of Iraq, Ali Al-Alaq, described the prices traded in a real parallel market as “abnormal,” while noting that
there is great stability in prices and a decline in inflation rates. Al-Alaq said, in an interview with local media, followed by “Iraq Observer”: “We understand the state of focus on the rise in exchange rates in local markets, but we believe that the focus should be on the ability of the central bank to implement full coverage of external transfers for commercial or other purposes, and this “It happens on a daily basis.”
He added, “The daily dollar selling rates are high and almost sufficient to cover the needs of merchants, businessmen, and even citizens.
Therefore, we look at the price through the amount of sales that the Central Bank undertakes daily at the official rate.” He pointed out,
“The Central Bank looks at another indicator, which is the inflation rate in the market, and
we notice that there is great stability in prices and a decrease in the inflation rate, which indicates that foreign trade is covered by the official price, which is 132,000 dinars.” The Governor of the Central Bank continued:
“The price that is being traded in the market is in fact an abnormal price that does not reflect the reality of the price.
Usually, this price is called a parallel price when there is a real parallel market that has sources of dollars from other than the Central Bank.”
Al-Alaq called on citizens to “pay attention to the fact that the price they are looking at is the price at which the Central Bank sells to merchants,” pointing out that
“more than 95% of the Central Bank’s daily sales are external transfers, and
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 and wow- Friday already!!! Friday before a 3 day weekend!!
Member: Ready for some good RV news today!
MZ: In Iraq: You know how they extended the parliamentary session for 30 days……Do you know exactly when they extended it too?
Member: Iraq freedom day on Dec. 10th when Sudani said he hoped to finish the monetary reform by….
MZ: Yup- Isn’t that interesting. Sudani was overheard saying they planned to have the revaluation completed, everything done by Victory Day. Which is December 10th….. This is from a number of folks in parliamentary finance who heard the comment. This means they have to go soon if it’s to be “completed by Dec. 10th.
MZ: “After the extension of the legislative term- Parliamentary movement to pass 5 important laws” I believe one of those is the HCL..
Member: Does the parliamentary delay mean a delay for the RV?
Member: No it means they need to hurry up the RV. imo
MZ: “Sudani issues 6 directives to increase financial inclusion and raise its indicators in all governates” These include increasing number of banking branches, modern technologies, banking services…ect. They have modernized their banking system for the rise in value of their currency. This is all part of their white papers and economic reforms. One of their goals is to raise the purchasing power of the dinar for all Iraq. That means a revaluation (RV) or Re-instatement.
MZ: “ Economist: Faw port and Development Road will achieve 6 % of oil revenues” if oil revenues are $100 trillion dinar – than 6% is $6 trillion dinar in non oil revenues in fees, tariffs ect…..Iraq is broadening their economic base. .
Member: How many times has Iraq revalued its currency- I heard 3 times.
MZ: Yes – at least 3 times for a massive change. I believe the last one was in the early 80’s. So at least 3 times in the last 100 years.
MZ: Bond folks are still silent. Still hitting a brick wall…..But I would remind you what I shared yesterday on that front. I do not think we are going to hear anything until it all breaks loose. I could be wrong and if there is a change I will tell you.
MZ: I am particularly excited on where we are at and expect great news over the weekend and early next week
Member: Hey Mark! Is there a relationship between the bonds being payed going and Iraq reinstating their currency? So, so if the bonds are paid, Iraq goes too?
Member: So, if it's completed on Dec 10th, when does it begin? What the ETA on turn-around time?
Member: Why does no one believe Al Sudani? He always said by the end of the year Auctions for US dollars will end….. instead of taking a deep breath and holding it, let it out so you have the living breath to enjoy life after.
Member: Federal reserve Powel is refusing to stand aside lol ….well I guess when the Fed is gone- you will be by yourself
Member: Usually, the Fed Board of Governors elects their Chairman and sends it to the President, who then announces it to the Country and the World! Powell's term as Chairman ends in 2026!
MZ: “Fed Chairman Powel says he feels good about the economy and Trump cannot legally fire him” Can he or can’t he? The Constitution of the United States says that “ No bank or state can create any currency other than Gold and Silver” So our currency lawfully must be backed by gold and silver. So what was illegal is the Federal Reserve act in 1913!
MZ: What Trump could do (if my understanding of the constitution is correct ) is sign an executive order…..This could cause a constitutional crisis and the Supreme court would have to rule. If it goes to the supreme court……the constitution is clear. And the Federal Reserve would be “Out of Business” . And the US Treasury would be in Business with a gold/asset backed new currency. LOL….I think Mr. Powell should refuse to go quietly….lol
Member: I wonder-Does the U.S. treasury have the final say to pull the trigger?
Member: I wonder if getting rid of Powell would be a great way to kick off Nesara/Gesara
MZ: It may be a great opportunity to do it.
Member: We're praying for many who are on the verge of giving up on the RV & NESARA and MedBeds.
Member: I've put my expectations to mid December. If it's sooner - I'll be wondrously surprised and thrilled.
Member: What chance do you think we have of notification over the weekend?
Member: My tin-foil hat logic - Today would be a great day to RV. Why? It's a 3 day weekend and, as of today, there's exactly 47 days left in 2024 - a perfect day for 47 to introduce Nesara kicking off.
Member: Monday, 11/11 is my birthday! That'd be a great gift!
Member: Happy Veterens day to all veterans and their families. Thank you for your service.
Member: Thank you Mark! Thank you Mods and Mr. C! Have a great Friday everyone!
Mr. Cottrell and CBD Gurus join the stream today. Please listen to the replay for thier information and opinions
Iraqi Security Council denounces claims of using Iraq as a base for attacks as "false pretexts"
Shafaq News/ The Iraqi Ministerial Council for National Security stated, on Wednesday, that recent reports suggesting Iraq is being used as a launchpad for attacks or responses to aggression are "false pretexts" aimed at justifying violations of the country’s sovereignty and territorial integrity.
This statement was issued following the council’s regular meeting, chaired by Prime Minister and Commander-in-Chief of the Armed Forces Mohammed Shia Al-Sudani. The council reviewed the overall security situation in the country, discussed items on the agenda, and made necessary decisions and recommendations.
During the meeting, the council examined "the government’s program regarding the security sector, assessed achievements across various security ministries and agencies over the past two years, and explored ways to reinforce strengths and address challenges promptly." The council emphasized the importance of continued coordination in intelligence and security efforts to ensure the achievement of national goals.
The council reiterated Iraq’s steadfast support for the Palestinian and Lebanese peoples in their struggle and condemned the acts of genocide committed by the Israeli regime against them.
Furthermore, the council stressed that "Iraq’s national interests demand distancing its land and airspace from the hostilities fueled by Israel’s expansionist and aggressive policies toward nations and peoples in the region."