Coffee with MarkZ and Andy Schectman. 01/29/2025

 Coffee with MarkZ and Andy Schectman. 01/29/2025

29Jan 29

Coffee with MarkZ and Andy Schectman. 01/29/2025

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: Happy Wednesday….and Good Morning to all

Member: Happy Chinese New Year…..It starts today for the next 2 weeks.  ;

Member: Anybody hear anything worthwhile yesterday??

Member: Nader had a new video out and he was smiling really big

MZ: He dropped the news before I could this morning…..lol I should have known better. But well done and thanks Nader

MZ: Think about everything on the plate of the new US secretary right now …. The US has a freeze on money and they are scrambling because the last administration spent 30% of our budget in just 19 days!    But for some reason …..just 9 days into the new administration….in his first few days as Treasury secretary …..Mr.Bessent’s US Treasury team is off to the middle east into Iraq…a country with an almost worthless currency according to world views………We know better and the middle east knows better…....

MZ: But for some reason – it’s a priority to have the US Treasury over there…….I’ll let you guys figure out why. But it will tell you how close we are right now. IMO

​​Member: heard they sent a team last Friday- treas sec was not part of that group?

Nader. I searched and cannot find that Nader video anywhere??? Some say it was an old video?

MZ: I was sent a clip that was shared with me….Looked new to me….but guess it could be an old one. 

Member: There was a post on X –Scott Bessent – our new Treasury Secretary stating he is committed to eliminating income tax, replacing them with a fair consumption tax and adopting a gold backed currency. We will erase debt, restore financial privacy and unlock new technologies for a prosperous future….the Golden age starts now……I hope that was really him and now some scammer posting this. 

MZ: There is a question as to if that account is actually Scott’s. But it was blue checked and someone would get into lots of trouble if it wasn’t accurate. 

Member: Any bond news?

MZ: Nothing new on bonds . Its been 36 hours without meaningful updates. 

Member: (From Dinar Guru)  Mnt Goat  The below message recently comes up on this site [xe] when you inquire about the IQD. It says “Notice IQD may be redenominated”. This redenomination is the newer lower denominations we have been waiting for. Yes, they will have to execute the Project to Delete the Zeros. We know that the CBI must also raise the rate of the dinar at par or just over a dollar within country to get this project started and create incentives to turn in the dollars. This is really the final push to de-dollarize Iraq. The CBI still needs to break this parallel market. As long as the dinar is much lower than the dollar this issue will linger.

MZ: The US is already getting dollars out of there so the dinar is supported 

MZ: “ Two Federal banks express their readiness to pay the salaries of Kurdistan employees”

Member: A security source in Anbar province reported on Sunday that a convoy carrying American vehicles and equipment arrived at Ain al-Assad base, coming from Erbil province."

Member: Frank26 had some amazing banking stories yesterday

Member: what about the smaller notes in the ATM's in Iraq? What's the status? Not sure if they're out yet in the local markets there in Iraq yet. Are people using them yet?

Member: I think if it already happened – we would all know…..so probably not yet. 

Member: Have you heard we are waiting for the rainbow currency to be released for the rv to start????

Member: Bank truth: Went to my local PNC Bank yesterday. Asked the teller for the new USTN, she said it's in the vault but can't use it quite yet but very soon. !!!!

Member: Woo-hoo! yesterday I received a notice from BOA that my debt was "discharged"...i have to report it to irs, but, that's ok.

Member: Is it true all banks got emails stating that to get ready for the foreign currency exchange??

Member: Frank26 had a great bank story yesterday. Banks received a notice about currency revaluation.

Member: This weekend sounds very hopeful for a "go", Mark!!

Member: Thanks Mark and Andy……Hope everyone enjoys your day. 

MARKZ: "They are “positioned “ for this week to be finished…funding is prepared!"#iraqidinarinvestor

 

Central Bank Governor Announces Imminent Launch Of Major Initiative To Finance Industrial Projects, 29 JAN

 Central Bank Governor Announces Imminent Launch Of Major Initiative To Finance Industrial Projects

Local | 03:43 - 01/28/2025   Mawazine News – Baghdad   The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, the imminent launch of an initiative to finance industrial projects, while indicating that financial stability is no less important than political and security stability.

The Governor of the Central Bank, Ali Al-Alaq, said in a dialogue session during the Iraq Energy Conference: "The initiatives undertaken by the Central Bank represent tools to move the wheel of development and enhance economic stimulus, and they are unconventional policies aimed at supporting the overall economy."

He added that "the Central Bank is one of the global banking institutions that adopt unconventional monetary policies," noting that "the size of the accumulations in the aspects of backwardness in the infrastructure is a major challenge."

He explained that "the Central Bank is concerned with achieving economic stability, especially since energy factors are directly linked to the economic situation through supporting factories, companies, and others."

He pointed out that "the Central Bank intervenes in supporting and financing various projects, including renewable energy projects, whether through direct or indirect support."

He pointed to "the importance of monetary and financial stability," indicating that "it is no less important than political and security stability."

He added that "the Central Bank has launched multiple initiatives to finance real estate and small and medium enterprises, where projects worth 13 trillion dinars have been financed since 2016 until now, which has contributed to the sustainability of the economy, in addition to allocating 1 trillion dinars to encourage citizens and companies to purchase solar energy units."

He added that "there are ongoing arrangements to finance industrial projects in coordination with the Trade Bank of Iraq and the Industrial Bank," indicating that "the liquidity available at the Trade Bank of Iraq will be used to support these projects, in addition to the funds of the Industrial Bank, with the aim of launching a major initiative to finance industrial projects, which is expected to see the light soon."

He stressed that "the Council of Ministers has approved enhancing cooperation between government banks with a financial surplus to finance industrial projects through the Industrial Bank, as it is the competent authority in this field," stressing "the imminent launch of this major initiative."  https://www.mawazin.net/Details.aspx?jimare=259115

STATUS OF THE RV, PART. 4 BY MNT GOAT, 29 JAN

 STATUS OF THE RV, PART. 4

😊All these full articles can be found in the Articles Section of today’s Newsletter. The first article titled “GOVERNOR OF THE CENTRAL BANK OF IRAQ MEETS AN OFFICIAL DELEGATION FROM THE UNITED STATES”. His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council,

 and his accompanying delegation in Baghdad. During the meeting, they discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the US Chamber of Commerce and American companies next April.

😊The next article is titled “AL-SUDANI IN A TELEGRAM TO TRUMP: WE ARE COMMITTED TO STRATEGIC RELATIONS UNDER THE UMBRELLA OF RESPECT FOR SOVEREIGNTY AND NON-INTERFERENCE”. Prime Minister Mohammed Shia Al-Sudani sent a congratulatory telegram today, Tuesday, to US President Donald Trump, on the occasion of his assumption of office as President of the United States of America.

Al-Sudani indicated in the telegram, according to a statement from his office, a copy of which was received by {Euphrates News}, that Iraq aspires to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries, stressing the importance of working to support the foundations of stability, security and development regionally and internationally.

😊The next article is titled “AL-JAWAHIRI: TRUMP WILL LOSE THE “OIL PRICES” BATTLE AND IRAQ’S BUDGET IS A TOOL TO STEAL MONEY”  Oil expert Hamza Al-Jawahiri bet on Saturday on US President Donald Trump’s loss regarding reducing global oil prices, noting that inflating the numbers in the Iraqi budget represents a means of stealing public money . Al-Jawahiri said, in an interview with Shafaq News Agency, “Trump will fail in his attempt to reduce oil prices, as the United States aims through this to achieve major political changes in the world, such as stopping the war in Ukraine as it stopped the war in Gaza and Lebanon, and changing the regime in Syria.” (and much more).

We can read from these three articles and other news this period, that the goals and foreign policies of the US towards Iraq are going to be of three levels:

1.Defense – Strategic Agreement. The US will have to negotiate leaving troops inside Iraq. Can Iraq defend itself? Does the US still need a presence in the middle east for stability in the middle east?

2.Energy – Bring the price of oil down, drill baby drill, pump baby pump applies to Iraq also.

3. US Companies investing in Iraq – that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

Anyone who tells you that this investment in the Iraqi dinar is just a pipe dream, then refer them to my blog for advice. Maybe they were just listening to the wrong people…..

We must continue to pray. This is what will really get us the prosperity and abundance that God promised us through His prophets. Remember that God works with the physical world we live in and so He initiates worldly events to move His agenda forward.

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

JEFF: THE 'development renaissance' in Iraq" MUST COME FIRST BEFORE THE CHANGE OF RATE!! #iraqidinar

 

Oil: Iraq's Production Will Reach 7 Million Barrels Per Day And These Are Our New Projects To Enhance Self-Sufficiency, 29 JAN

 Oil: Iraq's Production Will Reach 7 Million Barrels Per Day And These Are Our New Projects To Enhance Self-Sufficiency

Tuesday 28 January 2025 17:48 | EconomicNumber of readings: 152   Baghdad / NINA / The Ministry of Oil revealed that Iraq's oil production will touch 7 million barrels per day during the next five years, while confirming the completion of new refining projects in the Basra and North refineries, with a total capacity of 220 thousand barrels per day to enhance self-sufficiency in oil derivatives.

Undersecretary of the Ministry of Oil Ali Maaraj said, during his participation in a dialogue session within the activities of the Iraq Energy Conference, which kicked off today, Tuesday, in the capital, Baghdad, that "the ministry seeks to increase production capacity, which will touch 7 million barrels of oil per day during the next five years, as well as address the burning of associated gas and reach zero filler during the same period, and stop importing oil derivatives soon."

He added, "For the first time, Iraq is witnessing the implementation of integrated projects in the oil sector, including oil extraction, refining, and petrochemical industries, as well as electricity generation and transformation industries such as fertilizers. These projects include the "Basra Integrated Project, the Total Project, and other projects in Nasiriyah and Qayyarah."

He explained that "the Ministry of Oil referred" the fifth licensing round, which had been suspended for more than four years, followed by the sixth licensing round and the fifth round supplement, "as well as referring the development of the Artawi oil field, which includes integrated projects including oil extraction, gas processing, seawater desalination, and energy generation through solar stations."

Regarding gas flaring cessation projects, the Undersecretary of the Ministry confirmed that significant progress has been made in the field of treating associated gas, after launching new processing units with a total capacity of 600 million standard cubic feet in the governorates of Basra, Maysan, and Dhi Qar, "noting the suspension of the import of white oil derivatives and gas oil, while working to stop the import of gasoline soon.

The Undersecretary of the Ministry of Oil reiterated the ministry's commitment to preserving the environment and reducing carbon emissions through clean and renewable energy projects, including modernizing refineries and establishing modern facilities according to "Euro 5" and "Euro 4" standards, which contributes to improving the quality of products and reducing pollution.

He continued by saying that "the Ministry of Oil supplies the Ministry of Electricity with all types of derivatives, at a rate of 10,000 liters of gas oil per day," noting that "Iraqi refineries produce 30,000 cubic meters of gas oil, and some products are exported to support the state budget."

He added that "the Ministry of Oil has self-sufficiency in white oil and factories to improve gasoline," indicating that "the production of national refineries currently covers the local need for white oil, black oil and gas oil." / End 5  https://ninanews.com/Website/News/Details?key=1182519

STATUS OF THE RV, PART. 3 BY MNT GOAT, 29 JAN

 STATUS OF THE RV, PART. 3

What else is in the news?

There is so much news this period coming out of Iraq but for the length of this Newsletter I will concentrate on just a few more of the most important articles. These articles deal with the new US Trump administration and what is holding up this next stage that Al-Abidi told us should happen. So, this news today is all interconnected. 

This information is also supported by what my contact in the CBI has told me a couple times is the hold up. But we all should get out of this idea of a “holdup” and just realize that it is a process.

 The CBI sets goals and plans. But the plans don’t always pan out on time and obstacles are realized along the way. I have to day that getting off the currency platform was a huge undertaking for the CBI and was done on time and effective. I know this seemed unusual for Iraq to be on time….lol…lol..lol..

😊All these full articles can be found in the Articles Section of today’s Newsletter. The first article titled “GOVERNOR OF THE CENTRAL BANK OF IRAQ MEETS AN OFFICIAL DELEGATION FROM THE UNITED STATES”. His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council, and his accompanying delegation in Baghdad. During the meeting, they discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the US Chamber of Commerce and American companies next April.

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