Tuesday, January 14, 2025

Jon Dowling: Iraq is totally timing this for President Trumps return in one week!!‪@DINARREVALUATION‬

An economist describes the establishment of Rafidain First Bank as an excellent step, 15 JAN

An economist describes the establishment of Rafidain First Bank as an excellent step

Economy News _ Baghdad

The economist, Mustafa Akram Hantoush, described the establishment of the first Rafidain Bank as an “excellent step”.

The Council of Ministers decided yesterday, Monday, to establish the first Rafidain Bank with a capital of one trillion dinars and a government participation rate of 24%.

“The establishment of Rafidain First Bank is an excellent step, especially since it will be a mixed sector company,” Hantosh told “Economy News.”

He added that the new bank will help the country enhance the capabilities of payment and electronic transactions, in addition to that it will be an assistance to the Iraqi Bank for trading in remittances and credits.

Monday Evening News With MarkZ 1-13-2025, 15 JAN

Monday Evening News With MarkZ 1-13-2025

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 Evening….hope Mark got some good news for us today

Member: If they want to confuse us they are doing a great job

Member: TNT said it’s definitely on by tomorrow morning.

Member: Mike Bara called it for Tuesday / Wednesday on his show this morning

MZ: I hope they are right. There is a lot of chatter expecting it this week.

MZ: “The house of Representatives votes to amend the passport law and extend the work of the e******n commission” If you read deeper in the article is states the second reading of the budget law was successful!!

MZ: We did indeed have the second reading today.

Member: Mark, After the 2nd reading doesn’t it automatically go to final(3rd)

Member: According to Frank they are on the third reading now

Member: Second reading successful big checkoff on the list!

Member; I read They don’t need a 3rd reading because it was already in the budget and they just made a change, so they only need 2 reading to pass it.

Member: MM just put out a notification that his video tonight should be taken very seriously

Member: I heard Pocket Options is showing the VND and Indonesian Rupiah. (Saw a screenshot.)

MZ: We are seeing the popping up on different aps….IQD and IQD pairings with different crypto pairings….this is big.

Member: I wonder…is it possible for Iraq to rv with Sudani out of the country right now? He is on a state visit to the UK

MZ: Yes Sudani is heading to England today for some dialog. They are discussing going International.

MZ: “Building a bridge of comprehensive dialog: Revealing the details of the Presidents meeting with leaders of Baghdad” there were meetings with Barzani today along with the Kurdish President.

MZ: “Parliamentary Finance: Banking reforms enhances Iraq’s financial position globally” pay attention to the word “globally” AKA “International”

Member: Anything going on in the Indian Nations?

MZ: Still hearing a lot of hope from the bond side who expect things to move between now and the next 8-10-days.

Member: Here we go….. I went to my bank today. I asked if they exchange currency. They replied yes. I asked if they exchange Iraqi Dinar they said yes we do.

Member: Maybe our last week with empty pockets?? We’re been waiting soooo long!

Member: if the RV doesn’t happen in January, back to the shoebox goes my currency

Member: Jan 15th there will be 7 planets in alignment this only happens every 396 billion years

Member: Never quit everyone….we are very close. The wait will be worth it in the end.

Member: Everyone have an amazing night.

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

MILITIAMAN: They're looking for an exchange rate change because that's what's going to happen.

Al-Sudani confirms Iraq’s determination to consolidate relations with the United Kingdom in various fields, 15 JAN

Al-Sudani confirms Iraq’s determination to consolidate relations with the United Kingdom in various fields

Economy News – Baghdad

Prime Minister Mohammed Shia Al-Sudani stressed on Tuesday Iraq’s determination to consolidate constructive bilateral relations in various fields, and in a way that promotes the mutual and sustainable interests of the Iraqi and British peoples.

The Prime Minister’s Information Office said in a statement, seen by “Economy News”, that “Prime Minister Mohammed Shia Al-Sudani met the King of the United Kingdom, His Majesty Charles III at Buckingham Palace in the British capital London.”

He added, “During the meeting, bilateral cooperation between Iraq and the United Kingdom was reviewed, and ways to establish a productive partnership in various economic and developmental fields. Cooperation in the field of facing the challenges of climate change and opportunities for enhancing cultural cooperation were also discussed.”

Al-Sudani, according to the statement, expressed “his appreciation for the official invitation he received to visit Britain,” stressing “Iraq’s determination to consolidate constructive bilateral relations in various fields, and in a way that promotes the mutual and sustainable interests of the Iraqi and British peoples.”

For his part, King Charles III welcomed the prime minister, pointing to the depth of the historical relationship between Iraq and Britain, and the outstanding importance that the governments of the two countries attach to developing common interests and understandings at various levels.

STATUS OF THE RV, PART. 3 BY MNT GOAT, 14 JAN

STATUS OF THE RV, PART. 3

😊Okay so here is yet another “WOW!” one. This is another article about these future non-oil revenues. The title of the article is “GOVERNMENT ADVISOR: ASYCUDA SYSTEM IS A VITAL TOOL FOR DEVELOPING CUSTOMS WORK AND BOOSTING INTERNATIONAL TRADE”. Oh… didn’t we address this one before?

The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, reviewed on Sunday, the importance of adopting the ASYCUDA system in customs administration, noting that it reduces delays at ports and boosts international trade. Yes, yes, just do it. But can you?

Saleh told the Iraqi News Agency (INA): “ASYCUDA is a customs data management system developed by the United Nations Conference on Trade and Development (UNCTAD) since the eighties of the last century, as this system aims to simplify and accelerate customs and border crossing operations using modern digital technology, according to the generations of the system applied, including the second advanced generation that relies on cloud digital technology.”

Remember again that this system needs a link to FOREX currency exchange to get the most current, UpToDate rate of currencies in order to calculate the fees. They cannot “fully” implement it without this tie in.

But here is the juicy part of this news today about customs revenues and I quote from the article “in line with the government program to enhance the efficiency of collecting non-oil revenues and make them no less than 20% of total revenues”What did they just say? Did they say customs would be no less than 20% of total non-oil revenues? WOW! WOW! WOW! My jaw is getting tired of dropping so much…. WOW!.

Oh…. But what about the revenues for tariffs? I am sure eventually we will be reading about them too and the percentage of total non-oil revenue they represent.

This news will probably come out when the Port of Faw is fully operating. Also don’t forget about the Development Road Project and what this will mean to Iraq. It will also mean lots and lots of mullah $$$, I mean casholah $$$! 😊

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

DINAR REVALUATION