Central Bank Of Iraq: 94% Of Dollar Sales In Today's Auction For Foreign Transfers
03/02/2025 Mawazine News – Economy The Central Bank of Iraq announced that US dollar remittances sold in Monday's currency auction amounted to more than 94% of total sales, with total sales reaching $297 million, 459 thousand, and 852.
These sales were covered at a basic exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, while the dollar was sold at 1,310 dinars per dollar for external transfers, and at 1,305 dinars for cash dollars.
According to statistics, $281 million, 409 thousand, and 852 were allocated to enhance balances abroad in the form of transfers and credits, representing 94.31% of total sales, while cash withdrawals amounted to only $16 million and 50 thousand.
While 19 exchange companies participated in the auction, 6 banks met requests to enhance balances abroad, while only one bank was satisfied with buying dollars in cash. https://www.mawazin.net/Details.aspx?jimare=259313
Member: We were always told the RV will be shortly after the HCL so just hold on. Almost there!
MZ: yes- We were told after the HCL was complete –to expect the RV in a matter of days. A big roadblock to HCL was removed yesterday.
MZ: We have a plateful for today. So much is happening.
MZ: Enormous things happened over the weekend. Many expected the RV rate to be there this morning….but I thought that was a little premature. Stay calm everyone.
Member: I know we need to stay calm and you keep telling us that, but Marc we have been waiting for so long and it’s always something new that they put in front of us and hold it up
Member: I would like to know about what the redemption center staff were doing since they worked over the weekend?..
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MZ: They spent their weekend training. They are preparing for fundamental and monetary banking changes. They are preparing and getting educated on a new banking system! The comment was “assets will be much more important” I do not know details. I do not know if that means new money and new rainbow currency. But I found it extremely encouraging that they were told it was not just their bank….but a worldwide and country wide change in banking.
MZ: They will have more training next weekend….will this be it? I feel good about next weekend.
Member: When do you it will go Mark? By the end of February?
MZ: To me- with this training and progress we have seem over the last few days- I don’t think we will wait that long.
The Kurdistan Region's Ministry of Finance announces that, after 15 days of joint work with the federal Finance Ministry’s technical teams, an agreement has been reached on the financial rights of the Region’s public employees.
The Ministry reaffirms its commitment to fulfilling obligations to prevent a recurrence of last year’s issues - statement
Thank you MarkZ for all your time, and encouragement daily….. PDK
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 and welcome to a new week of possibilities
Member: Happy Monday. Hopefully Punxatawnee Phil didn't predict 6 more weeks until the RV...
Member: With the Iraq budget passing reports coming out this weekend, I'm thinking this might be a great show today . Wonder what is next?
Member: Hoping to see HCL pass this week. Triggering the RV
Member: We were always told the RV will be shortly after the HCL so just hold on. Almost there!
MZ: yes- We were told after the HCL was complete –to expect the RV in a matter of days. A big roadblock to HCL was removed yesterday.
MZ: We have a plateful for today. So much is happening.
MZ: in Iraq: “Iraqi Parliament approves budget amendment-clearing path for Kurdistan oil exports” this will be about 20 million dollars a day in additional revenue. About 400 thousand barrels of oil that was not going to the budget. That is over 10 Billion dollars per year. They have also agreed and funded salaries. This is an enormous breakthrough over the weekend….what is next though?
MZ: Now it’s time to send the budget tables and finish those this week. They have agreed on it….now it is time to finish all the paperwork….that is where we are at right now.
Member: Many times in Iraq- if they print it- its already done.
Member: We had a great weekend in Iraq. The trade show was huge. Their budget passed! Fingers crossed
Member: Militia man’s update this morning was that everything is done everything is agreed on
Member: (From Dinar Guru) Mnt Goat: Trump...has now taken on the issues involving Iraq. This is a very good for us investors as we all know the value of the dinar has been greatly suppressed due to corruption and stalling...
Member: If Iraq is doing so well with a reate of 1310- why do they need to change it.
MZ: Because it’s a rentier economy. Meaning it’s not sustainable. They need to properly represent themselves internationally …It’s very important for Iraq to change their rate.
MZ: Enormous things happened over the weekend. Many expected the RV rate to be there this morning….but I thought that was a little premature. Stay calm everyone.
Member: I know we need to stay calm and you keep telling us that, but Marc we have been waiting for so long and it’s always something new that they put in front of us and hold it up
Member: I would like to know about what the redemption center staff were doing since they worked over the weekend?...
MZ: They spent their weekend training. They are preparing for fundamental and monetary banking changes. They are preparing and getting educated on a new banking system! The comment was “assets will be much more important” I do not know details. I do not know if that means new money and new rainbow currency. But I found it extremely encouraging that they were told it was not just their bank….but a worldwide and country wide change in banking.
Member: Hope they are talking about the QFS. Is that what they were trained on?
MZ: I really wish I could have been in that room this weekend. They know it’s a new system….but they may use different terms. They know it will use quantum banking and new computer systems….but, they don’t call it the same things we call it.
Member: I bet the bankers are ready to get their training pants off and we actually RV
MZ: They will have more training next weekend….will this be it? I feel good about next weekend.
Member: When do you it will go Mark? By the end of February?
MZ: To me- with this training and progress we have seem over the last few days- I don’t think we will wait that long.
MZ: I hope to have more news from Reno ect…..by tonight.
Member: Charlie ward always said the RV will happen on a Thursday…Maybe this Thursday?
MZ: it’s possible. I Was told it most likely will be on a Saturday night into a Sunday Morning. Between 11 pm est and 2 am est. That is when the banks are quietest around the world. The second best time is a Thursday afternoon…
Member: Online banking down today in the UK.
MZ: isn’t that curious?
Member: Stocks dramatically dropping!!!!!
Member: Gold is up, stocks are down and crypto is all over the place.
Member: Maybe the market is not being manipulated, maybe it's being reset to what it should be?
Member: President Trump's Crypto Czar David Sacks to hold press conference tomorrow to discuss securing America "as a leader in the digital asset ecosystem."
Member: The use of tariffs is a perfect off-ramp to get rid of income taxes whilst reducing government spending. The crooks do not want this!
Member: Mark how will people be notified when it is time to go in and exchange? Emails, phone numbers or folks like yourself?
Member: All the dinar sites will announce it…..all the gurus will announce it. You will not miss it.
Member: I think things are about to get really crazy out there. Going to be an interesting week!
Member: President's day is February 17th which is on a Monday
Member: Hope we don’t have to wait till Easter for the St Germaine funds to release?
Member: Thanks Mark and mods…..look forward to more updates tonight. Have a good day everyone.
"UN: IT'S TIME FOR ALL IRAQIS TO BENEFIT FROM THEIR COUNTRY'S
WEALTH".
"The message at the United Nations is a clear message: stability and security in Iraq. Iraq is for everyone and it is a homeland that embraces everyone." -
"It is time for the people of this country, regardless of their affiliations, to all enjoy the blessings of this country. The future of Iraq is a trust, sectarian projects and fear-mongering from the past and the future are over. We wish this country all the best and prosperity and all that is good
and beneficial for this country and the people of this ancient country." AL-SUDANI CALLS ON KURDISTAN TO IMPLEMENT THE BUDGET
