Friday, December 13, 2024
Evening News with MarkZ. 12/11/2024
IRAQ RISES TO THIRD PLACE IN THE ARAB WORLD IN GOLD RESERVES AFTER LEBANON LEAVES THE LIST WITH COMMENTS OF MNT GOAT, 13 DEC
IRAQ RISES TO THIRD PLACE IN THE ARAB WORLD IN GOLD RESERVES AFTER LEBANON LEAVES THE LIST
The World Gold Council announced on Monday that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.
According to the latest report published by the Council in December 2024, which Shafak News Agency reviewed, Iraq’s gold holdings rose to 152.7 tons, up from 152.5 tons last month.
These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.
The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.
The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world.
(Still at 1/6 of a penny?)
STATUS OF THE RV, PART. 2 BY MNT GOAT, 13 DEC
STATUS OF THE RV, PART. 2
I know what my readers are thinking today in reading this RV Status today. You are asking when will this next move occur. I wish I had a crystal ball and could tell you.
All I can do is pass on the events that make it make sense for the CBI to finally begin the process. However, I will tell you this. Again, FOREX is not just going to happen unless they first conduct the initial stages of the process which begins with the three zero note swap out.
Intel gurus like TNT Tony keep telling their listeners that the RV is just going to pop out on FOREX any day without us having any solid indication when it will occur. Sure we will never pin point exactly but we can come to a realistic timeframe.
I mean “realistic” timeframe. Folks a realistic timeframe is not every day / any day for the last ten years. Get it? This does not even make any sense to say such things.
So, we are coming very close to the switch over from the currency auctions to the international process of currency exchanges to operate in Iraq. You must remember what they are going to do.
They are just going to change over and operate once again like they were doing operating prior to the two wars. These wars and the sanctions also brought a stigma to the dinar, which they have been trying to overcome since.
But there is some good news too and I laugh at how they news first is so harsh then they try to soften the blow with a nice, hopeful news. Let’s take a look at the article titled “UN MISSION: IRAQ HAS PROVEN TO THE WORLD THAT IT IS CAPABLE OF OVERCOMING CHALLENGES AND BUILDING THE FUTURE”
The United Nations Assistance Mission for Iraq (UNAMI) confirmed today, Monday, that Iraq has proven to the world that it is capable of overcoming challenges and creating the future. The mission stated in a statement issued on the occasion of Victory Day in Iraq, and received by the Iraqi News Agency (INA): “On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS.
This day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland.”
Opps there’s the restored security and stability announcement once again!!! Speaking now to Iraq – please don’t any longer use the excuse you need security and stability when how many articles have we read recently that they have restored security and stability to their country.
Yes, please stop it! We know better now and so stop lying to us CBI. Why not just tell us the real reason for the delay. It is the shameful corruption of the currency auctions. Is the inability of your organization to control the money policy due the currency auctions imposed upon you due to the sanctions.
Now the fiasco and the ability to shut them down is even greater since your organization let them continue as long as you have. You have let corruption get deeply rooted into the process and now it is like unwinding a spider web of corruption to undo it all.
GOVERNMENT ADVISOR: TIGHTER CONTROLS ON SUSPICIOUS MONEY TRANSFERS REDUCE EXCHANGE RATE MANIPULATION, 13 DEC
GOVERNMENT ADVISOR: TIGHTER CONTROLS ON SUSPICIOUS MONEY TRANSFERS REDUCE EXCHANGE RATE MANIPULATION
Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Wednesday, that tightening control over suspicious financial transfers reduces manipulation of exchange rates and the stability of the national currency, while indicating that limiting speculation reduces the use of foreign currencies in unproductive operations.
Salih said in a statement to the Iraqi News Agency (INA): “The Prime Minister’s directives to the monetary and financial authorities stressed the intensification of inspection and control procedures for financial transfers and monitoring speculators, which remain of great importance in enhancing currency stability and reducing speculation that is harmful to the national economy, through mechanisms leading to combating illegal speculative activities, including specifically: tightening control over suspicious financial transfers that conflict with the rules of compliance and transparency in a manner that reduces illegal activities, such as money smuggling or manipulation of exchange rates, which maintains the stability of the value of the national currency.”
He added that “taking strict measures against speculators and manipulators in the currency market strengthens confidence in the financial system and demonstrates the strength of government policy in protecting the national economy, and increases the confidence of citizens and investors in the country’s financial system, in addition to directing resources towards the real economy to invest in the available opportunities in it, whether industrial, agricultural or service,” noting that “by limiting speculation, the use of foreign currencies in unproductive operations is reduced, which helps to provide them to finance imports or beneficial investments.”
He continued that “the protective measures against currency speculation come to limit the negative effects resulting from the impact of regional crises, through preventive measures that reduce the exploitation of economic and political crises in the region to achieve illegitimate gains, which enhances the stability of the local market.”
Saleh explained that “the importance of limiting speculation and speculators’ opportunities remains in enhancing the efficiency of the banking system through the role of monitoring financial transfers, which undoubtedly contributes to revealing the loopholes in the banking system and enhancing governance and transparency in it, as such measures are in line with the comprehensive reform plan for the financial and banking sector, and aim to enhance financial stability and prevent violations that negatively affect the national economy.”
EXCERPTS FROM MNT GOAT, 13 DEC
EXCERPTS FROM MNT GOAT
According to my CBI source on my conversation yesterday, this is all part of a news campaign to inform the citizens to justify these very near changes to the currency auction system.
The CBI needs the support of the citizens.
The CBI must have a solid backing of the citizens and they must know the truth for the change and know it is a positive change.
Remember that this money stolen is their money. It is money that can’t be used to rebuild their country and provide the needed services.
😊You might want to take a look at the following articles today from Iraq. Are all these sudden articles coming out now coincidental? Yes why now?
“GOVERNMENT ADVISOR: TIGHTER CONTROLS ON SUSPICIOUS MONEY TRANSFERS REDUCE EXCHANGE RATE MANIPULATION” and
“PARLIAMENTARY COMMITTEE CRITICIZES DOLLAR SELLING PLATFORM: IT HAS MANY PROBLEMS AND SUSPICIONS OF CORRUPTION” and
“BETWEEN FINANCE PURCHASES AND CENTRAL BANK SALES… DISCLOSING A $10 BILLION DIFFERENCE”
Then in my last Newsletter dated 12/10 remember this article titled “WAYS YOU NEVER THOUGHT OF.. JUDGES REVEAL METHODS OF SMUGGLING HARD CURRENCY”
I hope you can see why this kind of news is coming out now.
My CBI contact has told me that if the switch over of the currency, better known as the Project to Delete the Zeros, was not connected with a revaluation, then Iraq would have completed it a very long time ago.
Now that we all understand this we can now see why they delay in doing the Project to Delete the Zeros
Tomorrow.. The Kurdistan government holds an extraordinary meeting with the presence of the region’s representatives in the Baghdad Parliament, 11 JAN
Tomorrow.. The Kurdistan government holds an extraordinary meeting with the presence of the region’s representatives in the Baghdad Parlia...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...