Al-Alaq urges Türkiye to open accounts for Iraqi banks
11/14/2024
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, urged, on Wednesday, Turkish banks to open accounts for Iraqi banks to expand financing channels for importing goods and services between the two countries, stressing cooperation in the field of settlements for users of Iraqi cards in Türkiye.
This came during a meeting between Al-Alaq and the accompanying delegation with his counterpart, the Governor of the Central Bank of Turkey, Fatih Karahan, in Istanbul, according to a statement issued by the Central Bank of Iraq.
The statement said that the two parties discussed the launch of new direct mechanisms for trade transfers between Iraq and Turkey, marking the beginning of a new phase in strengthening banking relations between the two neighboring countries.
The statement quoted Al-Alaq as saying that the Turkish Central Bank supports the steps of the Iraqi Central Bank in regulating financial operations between the two countries in a way that contributes to facilitating commercial transactions.
In a separate meeting, Governor Ali Mohsen Al-Alaq and his accompanying delegation met with the general administrations of the branches of Turkish banks operating in Iraq, stressing the need to expand fruitful trade options between the two countries, especially in the banking sector. LINK
I welcome everybody the big call tonight. It's Tuesday, November 12TH and you're listening for the big call. I hope everybody had a wonderful Veterans Day. Yesterday was a bank holiday, Federal holiday, and what is Bob usually says our week starts at nine o'clock Eastern time on Tuesday night, which is tonight. So let's do this. I want to welcome everybody that is listening. Thank you for tuning in yet again. Let's go ahead and pray the call in
All right, let's get into where we are on Intel, this has been a very slow day. Intel wise, we did get a little bit at the last minute about, oh, I'd say, four hours, maybe before the big call started. And I always like to get it and refresh it and fine tune what I can get the day of the call, because it's, it is just that it's fresh. So here's where we are.
We were anticipating, and I believe I brought this up on Thursdays call, we were anticipating getting notified today and exchanging either today, if we got some numbers early enough, or tomorrow, which is Wednesday.
Well, we didn't get notified today, but that part didn't happen for us, and it seems that what is happening now is when we talk to people, we get bankers, we get redemption centers, we get we get, sometimes we get other sources, sometimes we hear from some of these guys - And today, was one of those days where we got one piece of Intel, one piece but it might be all we need,
And Here's how it went, we did speak to someone who is at a redemption center. This person said that they were told that they were waiting for the US, the new US Treasury, to make an announcement.
Now we don't know they're making an announcement to the leaders of the redemption centers, to all of us, the US. We're not quite sure, but this announcement was supposed to come out and then the redemption center leaders and the people that are putting out the information to all the redemption centers across the country are to receive an email from Wells Fargo that would give them our Start Time and everything that we find out so that we get some idea of when we're going to be notified.
Now that's an announcement from the new US Treasury and the email from Wells Fargo, both of those to happen within next three days. Now we have to use Wednesday, Thursday and Friday. Those are our next three days. Now it could happen anytime those three days, or it might take all the way to Friday.
But I felt like, what's interesting is we don't always get everything that we're looking for, but we might get just what we need to hear. And even though we don't have everything, this information is sufficient. God's grace is sufficient for us. And I look at this as this is God telling us to just hang in there a little longer. We're almost done. Let's go ahead and get these. -
Get this announcement from the US Treasury, the new US Treasury, and let's get the email to come out from Wells Fargo to us and see where we stand at that point, all within the next three days, between Wednesday, Thursday and Friday.
Now, beyond that, I just want to say there was some information out that I heard about today that was dealing with med beds, and it went on and on and on into a long plan or timeline that gave us med beds in the hospitals and so on and so forth, into well, into next year and into actually starting next summer.
Well, let me give you a little update on what really is happening on med beds. This information was partially correct and partially not correct.
What I'm going to tell you is what is and what is real. We talk to people that are in charge of putting the med beds in med bed centers and training military to administer those all around North America. That means Canada, the US and Mexico.
But we also know that this is happening in other parts of the world as well, but I can tell you that right now in Canada and the United States, we have 38,400 med bed centers that are outfitted with two med beds in each one Well, that's quite a few.
Now, I believe we in the United States, probably around ….. ? we have plenty, and they're going to be making more, and they're going to be putting in - Now where the hospital comes into play. Take all the hospitals we have now, the information I'm hearing is that 80, 80% of those hospitals will be closed or sold in the coming year, leaving us 20% of the hospitals still in business.
But hospitals will no longer be considered like we see now. There will be healing centers, and yes, they will get med beds again, possibly what was written that might be fairly accurate, starting in January or March, but the med beds we have available right now, are waiting for us to go - just as soon as we start our exchanges –
Once we exchange. and redeem our Zim, we let the people know, yes, I am a candidate for the med bed I have if you have a dire need, you know blindness counts as dire need, for example –
You let them know, and they will enter something and make sure that you are notified very quickly. You will be able to get into the med bed and get it all squared away.
So obviously, I'm looking forward to that as many of you are as well, and each of you zim holders do get a priority. They do get priorities – they want us to be around a long time to see our projects through the completion. So that's a very good thing – We are going to be one of the first ones to get in, if you're, a dire need and a zim holder, you've got, you've got the holy grail to get in. So don't be misaligned by certain things that you're reading.
As I said some of that was correct, but some of it does not take into consideration that those of us who are paying attention to the big calls that are getting ready for your exchanges and your zim to be redeemed we're the first in line. We're ready to go. Dire need, and zim holder is the first to go.
So keep that in mind, we're coming into a really important time to get our exchanges started to redeem zim, There's a lot of changes getting ready to happen. And that's really what I wanted to talk about tonight, not a lot of Intel, just, you know, a little bit, but enough for us to know that we're supposed to start within the next days, we need a an announcement from the new category, and then we need from Wells Fargo to the leaders of the redemption centers. And then they get their notification. We get our notification, and then we go.
The Governor of the Central Bank meets his Turkish counterpart and the directors of some Turkish banks in Istanbul
November 14, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and his accompanying delegation met with his counterpart, the Governor of the Central Bank of Turkey, Mr. Fatih Karahan, in Istanbul.
The two parties discussed the launch of new direct mechanisms for trade transfers between Iraq and Turkey, marking the beginning of a new phase in strengthening banking relations between the two neighboring countries. During the meeting, His Excellency the Governor stressed cooperation in the field of settlements for users of Iraqi cards in Turkey, and urged Turkish banks to open accounts for Iraqi banks to expand financing channels for importing goods and services from neighboring Turkey.
His Excellency added that the Turkish Central Bank supports the steps of the Central Bank of Iraq in organizing financial operations between the two countries in a way that contributes to facilitating trade transactions.
In a separate meeting, His Excellency the Governor Ali Mohsen Al-Alaq and his accompanying delegation met with the general administrations of branches of Turkish banks operating in Iraq, stressing the need to expand fruitful trade options between the two countries, especially in the banking sector.
Central Bank of Iraq Media Office November 14, 2024
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 Evening- Anyone else feeling (and praying) we are close?
Member: Mike Bara and Jen had some interesting tidbits in their show today... Maybe our new currency will be announced soon!??
Member: Hi Mark is there a chance that whales are being handled during the Forex higher rate tests? A way to go under the radar?
MZ: I highly doubt it but, not going to rule it out.
Member: will the US dollar RV like the other currencies?
Member: If the USD becomes gold backed….it will finally be worth a dollar……the fiat dollar is only worth a few cents right now.
Member: Hasn’t Iraq said they are going to be the financial savior of the world? If so – do they have to have a higher rate then Kuwait?
MZ: If Iraq is going to be the financial savior of the world (according to Jaime Dimon) then it may have to have a higher rate than Kuwait. Sudani said the dinar would go back to its former glory and would be the most valuable currency in the world.
MZ: He also said the revaluation would be done by Victory day…which is December 10th.
MZ: “Parliamentarian reveals the suspension of the Oil and Gas Law “Territorial Differences”
This is the HCL…..They say they have to resolve these points. I think it’s already done…..What I am hearing from Iraq is very different then what is printed in the paper. Now right before Kuwait RV’d…we had the same type of articles. And then BAM- they did it…..on the same day. Similar story in China when they RV’d. Mixed stories are on purpose so we do not know the timing….
MZ: “Oil Minister A consultant will be appointed within 60 days to recalculate the amount of crude in Kurdistan” Who thinks they do not already know how much crude is being produced? Believe me- they already know…..I am excited watching this play out.
MZ: “Planning confirms the implementation of a proactive process for the population census tomorrow-Thursday” In a few hours the census will be well underway. Great stuff coming out of Iraq today..
Member: With the census the government is closed…and a curfew is enacted……would be a good time to pull the trigger.
MZ: I have heard nothing from redemption folks and nothing from bonds today.
Member: Mark- Nader said IQD on forex, I wonder what does that mean for us?
MZ: There are still some trading restriction on the IQD…but, this tells us they are preparing for that international status. We should start being excited.
Member: Hey guys. Does anybody know what website is showing that IQD is revalued? I keep hearing it is but I have a 4X account that says not.
MZ: It only showed it for 20 minutes or so. Tons of folks took Screen shots.
Member: TNT thinks we should be happy by Saturday. Big celebrations in Zurich, apparently..
Member: Praying it does go over the weekend!!
Member: I hope we have a gold backed “Banksgiving” this year
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
Kurdistan Minister of Planning: The census that will decide the region’s share of the budget should not be politicized
11/14/2024
The Minister of Planning in the Kurdistan Regional Government, Dara Rashid, stressed on Thursday the necessity of not politicizing the population census scheduled to be conducted in all of Iraq on November 20 and 21, considering that this census will decide the region's share of the budget.
Rashid said in a press conference held today in Erbil, attended by Shafaq News Agency correspondent, that "the population census should not be politicized, and the rights of all other components in Iraq should be preserved," adding, "The decision of the Federal Council of Ministers regarding the census was not in accordance with what we demanded."
He added, "In the shortest time and with the least budget, we completed the necessary preparations to conduct the census," describing the Kurdistan Region's concerns about the census as "constitutional and legal."
Rashid also pointed out that the 1957 census will be the basis for the 2024 census, noting that the 1957 census will preserve the rights of all components.
The Minister called on the people of the region to cooperate in conducting the census, stressing that after the 21st of this month, no one can be registered in the census.
Rashid urged the residents of the areas covered by Article 140 of the Constitution (disputed) to go there and be present during the population census, noting that the Kurdistan Regional Government is providing facilities for the return of the residents of those areas to them during the census.
He went on to say that the population census will determine the region's share of the budget, which was reduced from 17% to nearly 12%, and that the population of the region, which has increased like the rest of Iraq, will become clear, noting that the census will increase Kurdistan's representation in parliament and the rest of the federal institutions and ministries. LINK