Frank26
Soon I will be receiving, god willing, thousands and thousands of locations where you will be able to exchange.
Not the ones where you call the US Treasury, where they tell you all the banks in America where you can exchange. Not that one.
The one where the CBI is releasing thousands of banks all across the world. Those banks are going to collect the 3 zero notes...Michigan and California are the number one states.
The financial adviser to Prime Minister Mahhar Mohammed Saleh revealed a study conducted by an international consulting firm, commissioned by the state, to restructure the banks of Rafidain and Al-Rashid, which constitute 85% of the country’s banking market.
Saleh told {Al-Furat News} that “bankers suffer from a historical legacy of challenges, which requires a comprehensive reform plan to reposition them within the map of effective and efficient banking.”
Saleh added that “the study aims to establish a new banking entity specialized in government banking operations, to meet the needs of the government exclusively. This entity will contribute to achieving the objectives of the unified treasury account, which is a crucial tool for regulating the cash flows of public finances.”
He pointed out that “the study focuses on assessing the legal status of bankers, including property rights, assessing assets and liabilities, and studying the requirements of a strategic partner if necessary, focusing on developing the two entities to work according to advanced financial technology that meets the requirements of the national banking market.”
He stressed that “the structural reform also aims to enhance the integration of the two banks in the national banking market and enable them to expand towards global financial markets, especially in the areas of trade and investment financing for the private sector.”
“The two potential entities will rely on modern systems in compliance, governance and risk management, with a focus on digital payments,” he added.
He concluded by saying: “The study is expected to be submitted to the higher official bodies in the coming months, within the framework of the implementation of the government’s financial and banking reform program, which aims at a comprehensive economic renaissance and building modern financial institutions.”
Earlier on Thursday, Prime Minister Mohammed Shia Al-Sudani chaired a special meeting to discuss the development of the work of government banks, in the presence of representatives of Ernst & Young Auditing and Financial Consultancy.
The Prime Minister explained that the completion rate of the project for the structuring of Rafidain Bank has reached its final stages, stressing that it will enter into force during the next few period, within the framework of a plan that has been studied and implemented according to the standards and parameters drawn.
From.. Ragheed
https://alforatnews.iq/news/ولادة-كيان-مصرفي-جديد-في-العراق-مستشار-حكومي-يكشف-للفرات-نيوز-التفاصيل
EXCERPTS FROM MARKZ
Member: A friend says it could go on the 20th – and it would be a 3 day weekend.
MZ: I was told a 3 day weekend is the easiest…I do have some bond contacts now saying their funds won’t release until the 21st…after the inauguration. We will see
Member: Just thinking out loud here, is it possible to get the REER, on Sat and get paid on the 21st?
MZ: It is absolutely possible. Similar to how Kuwait did theirs….In a nutshell….Kuwait got a REER (Real Effective Exchange rate) and within 10 days we started exchanging.
MZ: I am getting some very yo-yoish news. There are still a number of banks expecting and being prepped for a rate between now and Saturday. I hope that happens.
MZ: It is confusing though because I have a couple of bond contacts who were informed by their paymasters that they would not distribute funds until after the 21st because they do not want the credit to go to the currency administration. That is what they are hearing.
Member: That makes sense to me…..less than 2 weeks away now.
MZ: But the banking side still believes its earlier….Groups have been silent for the last day or so. I believe its very close and the yo yo news means they are still doing their best to cloud the timing
MZ: What we do know is they are doing the preparations right now to make this happen.
The President of the Republic discusses with Pavel Talabani the latest developments on the domestic and international arenas
Coffee with MarkZ and Andy Schectman. 01/09/2025
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: Good morning everyone. Great day for an RV!
Member: if Iraq is increasing her foreign reserves through correspondent banks, isn't that international trade?????
MZ: Yes and that is why some are getting excited
Member: Rumor is Iraq has to have an international rate by Friday in compliance with WTO
MZ: “Foreign remittances constitute about 94% of Iraq sales” They are showing us in articles how they are handling things internationally. Links or posted in my daily links .
Member: What about HCL and sanctions?
MZ: Rumor is HCL hits the floor of parliament this morning as they go back to work on it in the coming days.
Member: why don't they just RV instead of all these extra steps jumping through different processes to get by until they RV. Just RV
Member: Tonight would be great. The stock market is shut down tomorrow so there wouldn't be any impact to that if they go live tonight imo
Member: A friend says it could go on the 20th – and it would be a 3 day weekend.
MZ: I was told a 3 day weekend is the easiest…I do have some bond contacts now saying their funds won’t release until the 21st…after the inauguration. We will see
Member: Just thinking out loud here, is it possible to get the REER, on Sat and get paid on the 21st?
MZ: It is absolutely possible. Similar to how Kuwait did theirs….In a nutshell….Kuwait got a REER (Real Effective Exchange rate) and within 10 days we started exchanging.
MZ: I am getting some very yo-yoish news. There are still a number of banks expecting and being prepped for a rate between now and Saturday. I hope that happens.
MZ: It is confusing though because I have a couple of bond contacts who were informed by their paymasters that they would not distribute funds until after the 21st because they do not want the credit to go to the currency administration. That is what they are hearing.
Member: That makes sense to me…..less than 2 weeks away now.
MZ: But the banking side still believes its earlier….Groups have been silent for the last day or so. I believe its very close and the yo yo news means they are still doing their best to cloud the timing
MZ: What we do know is they are doing the preparations right now to make this happen.
Member: Hey Mark, please explain what Mr. C has to do with the Denar revaluation?
MZ: Mr. C has nothing to do with the dinar revaluation. His role is in the re-funding of the US dollar from fiat to asset backed . Those events appear to be tied together and should happen about the same time. He will be here tomorrow if you want to quiz him on that .
Member: Wife and I went to Chase discussed currency they accept and 2 weeks later getting emailed by their private banker to meet with him.
Member: I talked to my friend who works at fidelity. she said she think the market is going to crash but she's been instructed to tell ppl not to pull out.
Member: we're so ready for this movie to be over it's longest movie I've ever watched
Member: Thanks Mark and Andy…..everyone have a good day and say warm
Andy Schectman from Miles Franklin joins the stream today . Please listen to the replay for his information and opinions.
AJ I know a lot of you have been under the assumption the government of Iraq could not pay for the salaries in the Kurdistan Region. Nope yo...
