An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar, 25 JAN

 An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar

Friday 24 January 2025 18:48 | Economic Number of readings: 137   Baghdad / NINA / Economic expert Manar Al-Obaidi revealed today, Friday: "The average monthly spending of the Iraqi government in 2024 amounted to about 12 trillion dinars," noting that: "Adding the loans and advances obtained by government agencies and ministries, which are estimated at about 2 trillion dinars per month, raises the total government spending to 14 trillion dinars per month."

Al-Obaidi said in a statement: "The government sector usually works for 20 days a month, which means that the daily spending rate is about 700 billion Iraqi dinars," noting that "to cover this level of spending, the Ministry of Finance needs to sell at least $ 400 million per day to the Central Bank, so that the latter can provide the cash needed to cover government expenditures. "

He pointed out: "The Central Bank cannot provide the Iraqi dinar needed by the Ministry of Finance, except by selling its equivalent in dollars."

The economic expert explained: "The dollar sales by the Central Bank are directly linked to the increase in the size of government spending," indicating that: "The more spending, the more the Central Bank needs to sell larger quantities of dollars."

He added: "If this trend continues, we may reach a stage where the market witnesses daily sales ranging between 400 and 500 million dollars through the various mechanisms adopted by the Central Bank," warning that this reflects the direct impact of the rise in public expenditures on the currency market." / End8    https://ninanews.com/Website/News/Details?Key=1181860

TIDBIT FROM MARKZ, 25 JAN

 MarkZ   

[via PDK] 

 “Trump’s storm hits OPEC and ignites fears in Baghdad” From Remarks given by Trump at Davos…and “Drill Baby Drill”in the US…caused a drop in oil prices below $75. 

This will lower the cost at the pumps for us…and lower the cost of groceries soon …But Iraq is still well in the range they need for the RV.

MM&C Iraq Dinar News-2024 Digital Compact-WEF Security & Stability-Devel...

Weekend Coffee with MarkZ. 01/25/2025, 25 JAN

 Weekend Coffee with MarkZ. 01/25/2025

Weekend Coffee with MarkZ. 01/25/2025

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

Mod: GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Morning everyone! Praying this is our weekend!!

Member: OK Mr. Mark... tell the powers that be to get this rv started !! I know you have THE final say in this !! lol

Member: Is that a gold shirt? Did you wake up this morning and say”I’m going to mess with them today”

MZ: Im just practicing wearing gold to be ready for when the big show start…lol

Member: I believe tomorrow is a holiday in Iraq

MZ: Iraq right now is looking at a consumption tax instead of an income tax. To me that looks like Nesara. Looks like other countries also looking to scrap income taxes in favor of a consumption tax. 

Member: No Income Tax in Iraq - that's GESARA

MZ: Finally a couple bond contacts have reached out to me ….saying they are “positioned “ for this week to be finished…funding is prepared...This coming week starts tomorrow…. Very positive to hear…. But there are still a couple expecting things the first week in Feb. 

Member: So are we waiting until mid Feb now?

MZ: I don’t think so…..I believe we may be done by that time

Member: So what’s the hold up on the bonds?

MZ: I don’t think there is a hold up….I believe they did not feel comfortable moving the trillions of dollars until Trump took the oath of office last Monday. Now they have kicked in to moving all those funds and making sure everything is secure and will be going where it is supposed to. While they have tested the system greatly, this is the first time it will be used at full volume. Groups, group leaders and bankers tell me it all went off of “stuck” last Monday. 

MZ: Also Groups are expecting funding within days . 

MZ: Wealth management/redemption center folks are “on call” this weekend. But, they are being told to expect a couple of long weekends in the very near future. They were specifically told to expect to work next weekend and the next few weekends after that….and to enjoy this last weekend “on call “ because they are about to work a lot. . 

Member: MarkZ, President Trump reportedly in Reno last night and Iraq having a Holiday tomorrow, possibly significant???

MZ: From Iraq: “Hanan Fatlawi calls on Parliament to pass the budget amendment as quickly as the three laws were passed”  This level headed lady is skyrocketing in Iraqi politics. There is a big push to get this budget stuff squared away. I believe Parliament reconvenes in a couple days to vote on the budget. 

Member: Talking to a guy from Iraq at bank other day . He said country is looking good . There gearing up for visitors . He was trying to talk me and others to go there on vacation.

Member: Do you think the Iraq dinar RV at a high rate, or will it come out low and then rise later?

Member: We all want to know that answer. Might just have to wait for our exchange?

Member: I've been told by the platform that the new treasury is in place, now hoping for funds to be released tonight. Hope it’s true. 

Member: Our local credit union has been closed the past 2 Wed. for retraining. Went inside to make a deposit and mentioned about the closing and the teller just smiled and said Big Changes are coming.soon.

Member: Chinese New Year starts on Wednesday the 29th…. RV starting gun a good date?

Member: today planetary parade 1st time in 3.5 billion yrs...everything is aligned for the shift

FIREFLY: Sammy says next Tuesday the appeal will be held by the judge on the three laws that have been passed., 25 JAN

 Frank26  

[Iraq boots-on-the-ground report]  

 FIREFLY:Sammy says next Tuesday the appeal will be held by the judge on the three laws that have been passed...Several  appealed saying it was unconstitutional. 

So the budget table set in limbo until that is cleared.  We do believe once it is cleared then they can be given to parliament for the vote that we are waiting for.  FRANK:  Parliament is using every inch of the clip they are standing on and soon they will have no choice but to tell you citizens the truth.  There are no more choices for them except to pass these laws.

EXCERPTS FROM MARKZ, 25 JAN

 EXCERPTS FROM MARKZ

MZ: I got another report this morning similar to reports I got yesterday makes me confident enough to share. I was told by a couple of groups and a Indian Nation source that “funding transactions should be complete in the next few days” 

MZ: That means in the next few days these folks expect people to be funded. This would be huge. Buckle up. 

MZ: Speaking of Indian Nations: Donald Trump yesterday officially recognized the Lumbee Indian Tribe…This is wonderful and way overdue.