MARKZ: .."if they are right- by Thursday we should get an announcement"

 

Prime Minister’s Advisor: National development plans depend on census results, 20 nov

 Prime Minister’s Advisor: National development plans depend on census results

Economy News _ Baghdad

The financial adviser to the Prime Minister, Mazhar Mohammed Saleh, confirmed on Wednesday that the census data will guide government investments to improve infrastructure and services, while pointing out that national development plans will depend on the census results.

“The census is an essential strategic tool for achieving sustainable economic growth in Iraq,” Prime Minister Mazhar Mohammed Saleh, an interview with the Iraqi News Agency, which was followed by “Economy News.”

He stressed that “the data resulting from this census will contribute to improving government administration, enhancing levels of governance, as well as supporting investment and increasing the efficiency of the use of resources to achieve comprehensive economic development.”

Saleh pointed out that “the comprehensive population census offers many fundamental axes that contribute to achieving these goals, most notably:

1. The census helps to identify areas suffering from a lack of services and infrastructure, which directs government investments to improve these sectors, as these investments include water services, roads, electricity, schools, hospitals, and banks.

2. The census provides a detailed database for drawing up effective housing policies.

3. Through detailed data on the workforce, the government can develop policies to support employment, train workers, and stimulate productive sectors to serve the national economy.

4. The comprehensive population census allows it to collect accurate information about the number of the population, their geographical distribution, age groups, and educational level, in addition to its contribution to helping the government and the private sector to better plan and determine economic priorities and optimal policies within national development plans, especially the development plan 2024-2028.

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Added 2024/11/20 – 12:21 PM

https://economy-news.net/content.php?id=50037

DINAR REVALUATION REPORT UPDATE : PROGRESS OF THE BANKING REFORMS IN IRAQ, 20 NOV

DINAR REVALUATION REPORT UPDATE

PROGRESS OF THE BANKING REFORMS IN IRAQ

Summary

Iraq is making significant economic strides through international cooperation, banking reforms, and census initiatives, focusing on strengthening its financial stability.

Highlights

• 🇮🇶 Iraqi government negotiating with the US to lift sanctions on private banks.
• 📊 First general population and housing census set for November 20-21.
• 💼 Iraqi-Italian forum in Rome to boost commercial cooperation on November 27.
• ⛽ Kurdistan region could resume oil exports if Parliament passes necessary amendments.
• 💰 Iraq’s gold reserves reach 1,526 tons, enhancing financial stability.
• 🌐 New financial transfer mechanisms to improve trade with Turkey.
• 🏦 Central Bank of Iraq making progress in monitoring financial operations.

Key Insights

• 🔄 Economic Negotiations: The Iraqi government has been in talks with the US Treasury for two years to lift sanctions on private banks, which could enhance financial operations and attract foreign investments.
• 📉 Census Implications: The upcoming census aims to collect economic and development data, potentially impacting budget allocations and political representation, although concerns about the cancellation of nationality questions persist.
• 🌍 International Cooperation: The Iraqi-Italian forum aims to enhance trade relations across multiple sectors, indicating Iraq’s focus on international partnerships for economic growth.
• 🛢️ Oil Export Potential: The Kurdistan region’s potential resumption of oil exports hinges on parliamentary amendments, reflecting the ongoing complexity of Iraq’s oil management.
• 🪙 Gold Reserves Expansion: Iraq’s gold reserves ranking signifies a strategic move towards asset diversification, promoting long-term economic stability amid fluctuating oil prices.
• 💳 Trade Mechanisms with Turkey: New trade transfer mechanisms between Iraq and Turkey are expected to streamline financial operations, reducing reliance on parallel markets and enhancing legitimate trade.
• 🔍 Banking Reforms: The Central Bank’s progress in monitoring financial transactions and ongoing negotiations to lift sanctions indicate a robust approach to ensuring stability and compliance with international standards.

GINGER: I’ve verified the most encouraging and LEGIT news for Tier 1 thr...

Coffee with MarkZ, joined by Andy Schectman. 11/20/2024

Coffee with MarkZ, joined by Andy Schectman. 11/20/2024

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: Happy Wednesday and Good Morning fellow RV’ers

Member: Hopefully, this is our big day!

Member: Goldilocks says no new rate in Iraq until 2025

MZ: He may be right…..but that’s not what my sources say. They believe it will happen this year in Iraq…and I am also hearing before December 10th in Iraq….but just stay grounded. 

Member: When Iraq stops the foreign currency auctions….they have to RV. (revalue) 

Member: Iraq Census today and tomorrow…along with everything closed and a curfew….would be a great time to flip that switch. 

Member: Mark, several sites are "out of Dinar" for resale. May be a good sign 

MZ: “ President Barzani ‘s advisor at Chatham House –We need a strategic agreement with Baghdad” This is some of the HCL things they are busy settling. 

MZ: “Parliamentary Finance: There is no justification for delaying the 2025 budget schedules” There is a lot of discussion that we could see them this week along with 3 difficult laws passed. 

MZ: “Next week : A parliamentarian reveals a political concensus to approve 3 controversial laws”  They way they will push them through and pass them. There are rumors that the Hydro Carbon law (HCL) is among those. 

MZ: When they pass HCL- we know we are close to being finished. They have already started oil shipments again so I believe it could be done. 

MZ: “The Minister of Planning of Kurdistan announces the end of the first and second phases of the census with success” The census is going smoothly so far. They will pretty much have it done and wrapped up by tomorrow night. 

MZ: Nothing new from bond folks this morning but, lots of chatter and expectations of real bond money this week starting last night and today. But once again more bond folks are disappearing or becoming unwilling to talk. Many have different appointments from now to early December to receive 1%. 

Member: Your bond contact said we wouldn’t have to ask any more dumb questions after today…9 days ago

Member: Bruce is saying that we will get notified by 12 o’clock this afternoon and possibly collect today or tomorrow. Let’s hope he’s right

Member: Praying that this time we all have an amazing holiday season 

Thanks Mark , Mods and Andy…….everyone have a blessed day.

Andy Schectman from Miles Franklin joins the stream about minute 30. Please listen to the replay for his information and opinions

RV UPDATE BY BRUCE, 20 NOV

 Tues. 19 Nov. 2024 Bruce

• On Sun 17 Nov. they tested four different foreign currencies and they passed the test.

• Some politicians were trying to get a early start on the QFS, and they were arrested

• Over the weekend Bruce was told we would get started this week

• The RR payments are divided into three age groups 30-45 years, 45-60, and 60 plus.

• Age Group 60 and older: if you are getting SS your RR will pay you a lump sum to the bank where you receive your SS payment, unless you are exchanging, and then your RR will be put in your Quantum Account as you are exchanging.

• Age Group 30-45: you get monthly payments for 30 years. You will be required to sign a document promising to keep on working at your job for another 15 years. If you don’t have a job, you will promise to get a job.

• Age Group 45-60: RR monthly payment every year for two years. You will sign an agreement that you will work another ten years.

• RR starts to pay out when you are exchanging currency, or if you don’t have currency, the first week of December.

• SS increases take place in December. It will be substantial.

• GCR RV: Bond Holders will receive notification overnight tomorrow Wed. 20 Nov.

• Tier 4b (us, the Internet Group) notification by or before noon tomorrow.

• Call the Call Center using the toll free number and the zip code where you want to exchange.

• You will have your exchange appointment 2-4 hours after you set your appointment – they could start Wed. afternoon 20 Nov. 2024.

• Currencies on the Forex have been trading at great rates. Contract Rate on the Dinar is very strong. Dong has been traded up.

TNT: Some banks have received memos today that the RV is happening @DINA...