Here are the key components [of the new training happening now]: First, Cross Border Payments - Iraq did a very poor job of remittances across borders which branded it as untrustworthy and undependable.
This training will give Iraqi banks the necessary tools to completely eliminate the former days of suspicion. This will open up the wide world of trade which will in turn continue to drive up demand for this valuable currency.
Second, Financial Integrity - The banking industry has struggled with corruption and inefficiency...No one wants to take a chance on countries that cannot be trusted.
This training is tackling these problems head on. Adherence to AML standards is a must. (Anti-Money Laundering) The mere involvement with K2 Integrity consultants, the gold standard...sends a clear message that Iraq is serious about becoming a global partner. This is the final piece of the RV puzzle.
o what does this mean to you as a Dinar investor?
It means the groundwork is being laid for the RV of the Iraqi Dinar. It is no longer a question of "IF" but but one of "WHEN"?
Only the most serious of potential global traders are tutored in the protocols of the Integrity and Cross Border Payments regimen.
The RV has always been a matter of speculation but now we have tangible proof that it is about to happen. The INI wouldn't bother nor would the K2 consultants, if they didn't believe that Iraq is ready. We can now relax and wait for Iraq to acquire this training and apply it to the RV which has already been established.
Experts in the Iraqi economic affairs saw that the Mesopotamian reserves and its investment portfolio, after the reserves recorded 106.7 billion dollars during the year 2024,
fortified Iraq and its incubator in providing overall stability and protecting the national economy from external shocks that are reflected on the Iraqi balance of payments, as well as its role in stabilizing the general level of prices internally through policies of intervention in the organized monetary market.
Iraq ranked third in the Arab world in terms of foreign exchange reserves for 2024, as this reserve is considered “very large” and “reassuring” because it represents 20-40% of the volume of the exporting currency,
and the foreign reserves of any country contribute to maintaining the value of the local currency and liquidity to meet international financial obligations, as well as financing internal projects and reassuring investors, in addition to diversifying investment portfolios.
Cash reserves are defined as the total deposits and bonds of foreign currencies held by central banks and monetary authorities in the state with the aim of supporting the local currency and paying the outstanding debts of the state.
Monetary reserve usually consists of several elements, namely foreign currencies, such as the dollar, the euro, the Japanese yen and other currencies, as well as gold.
Semi-fund for sovereign wealth
In this context, the financial adviser to the Iraqi Prime Minister, Mazhar Muhammad Saleh, says that Iraq’s foreign reserves, their composition and management are a semi-sovereign wealth fund (which is currently managed by a diversified investment portfolio in different currencies and short-term derivative investment instruments), and the aforementioned portfolio of reserves performs two basic functions simultaneously.
Saleh reviewed these two functions by saying to the “Jabal” platform: “The first is to protect macroeconomic stability, that is, stabilizing the general level of prices
internally by adjusting the levels of domestic liquidity in accordance with the real flows of goods, services and benefits that finance part of those reserves and their consequences are called here as international reserves, by affecting the control of growth in the money supply by intervening in the money market by withdrawing excess liquidity by exchanging it for foreign currency,
in order to finance foreign trade for the private sector specifically, indicating that these activities are called in monetary policy (cash sterilization) using a mechanism called open market operations, which is the operational (quantitative) aspect of monetary policy objectives Called operational objectives to combat the growth of monetary inflation rates and the stability of cash flows.
The second is the use of these foreign reserves in part by intervening in the monetary market to provide (price) stability in the exchange market by adhering to (signals) the fixed and stable exchange rate, which is the regular exchange market in foreign currency the basis of that market and the leader of the stability of the exchange rate itself, according to the valid.
In his talk to “Al-Jabal”, the adviser stressed that there is a specialized central management of these reserves, as the foreign portfolio is subject to high-precision investment criteria in the adoption of short-term international financial instruments that generate interest returns, including investment in treasury bonds for central countries in the world that are guaranteed high-rated return, but they are semi-liquid, and this is what distinguishes the sovereign wealth fund from stability funds. I mean the foreign reserve portfolio, which requires it to be almost liquid to cope with fluctuations in the national balance of payments when needed.
Cash gold, which may constitute a percentage of more than 10% of those reserves, is also a safe haven within the aforementioned investment portfolio for the reserves that are subject to research against the risks of currency fluctuations and the interest that make up the portfolio itself,
because the gold asset cycle is one of relatively long-term and stable cycles, as monetary authorities can issue gold bonds guaranteed in the same reserve gold and at interest when needed, which are globally desirable bonds, according to the advisor to the Iraqi government.
Saleh added that “Iraq currently enjoys foreign reserves that are high in the efficiency scale, especially in the issue of its coverage of the cash supply in its broad sense, which covers 75% or more, which is the global measure required to measure the efficiency of foreign exchange reserves in preserving the stability of the national economy, as well as the fact that the said foreign reserve covers about 15 months of import trade, which is a measure superior to the global scale, which indicates 3 months of commercial efficiency,” and thus “Iraq’s reserves and investment portfolio are Iraq’s fortress and incubator in providing overall stability and protecting the national economy from external shocks that are reflected on the Iraqi balance of payments as well as their role in stabilizing the general level of prices Internally, through policies of intervention in the regulated monetary market.”
It gives Iraq the ability to control the exchange rate of the dinar
On the other hand, the professor of international economics, Nawar Al-Saadi, acknowledged that “these reserves go beyond just numbers registered with the Central Bank, as they represent the basis on which the state relies in the face of economic crises, whether they are caused by the decline in oil prices, which is the main source of revenue, or due to turmoil in global financial markets that may affect cash flows and investments.”
Al-Saadi added in his talk to “Al-Jabal” that “having strong foreign reserves gives Iraq the ability to control the dinar exchange rate, which reduces its violent fluctuations, which may lead to high inflation rates and an increase the cost of living for citizens. These reserves are used to finance vital import operations, especially basic goods such as food and medicine, which ensures the continued flow of these materials to Iraqi markets without much affected by external conditions.”
He added that “the level of foreign reserves directly affects Iraq’s credit rating and the confidence of international financial institutions in the local economy. The higher these reserves, the greater the confidence of investors, which enhances the opportunities to attract foreign capital and supports investments in non-oil sectors, which is what Iraq needs to reduce its dependence on oil as the only source of revenue.”
He considered that “the existence of large reserves alone is not enough to ensure economic stability, as they must be accompanied by sound financial and economic policies. These reserves cannot be considered a resource consumed just to cover the fiscal deficit, calling for “investing them wisely to promote economic development and support the productive sectors, because the use of the reserve ill-considered may lead to its depletion over time, exposing the country to great risks when unexpected economic shocks occur.”
Al-Saadi concluded his speech by saying that “Iraq needs a clear strategy in managing its foreign reserves, so that they are employed in a way that balances monetary and financial stability on the one hand, and supports development and investment projects on the other hand. Keeping these reserves at secure levels enhances the resilience of the Iraqi economy in the face of crises, and gives decision-makers more room to maneuver in the face of future economic challenges.
Over time the Dong's value decreased, making it one of the lowest-valued currencies in the world. Despite this, Vietnam's economy has grown rapidly in recent decades,
and the dong remains a crucial symbol of the country's resilience and independence.
The word Dong means copper in Vietnamese, a nod to the traditional copper coins used in ancient times...You can trade the VND on the Forex Market or you can do what many investors...have done and that is purchase the currency...and wait for the value to increase.
“Coffee With MarkZ” Thursday Morning Chat 2-6-2025
20
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 Mark, fabulous mods and everyone
Member: Ramadan begins Feb 28th. People there don't work during much at this time. If the RV doesn't happen by the time Ramadan begins, then the RV may not happen until afterwards, not during. Very important holiday
Member: then somebody better get busy and get it done.
Member: If Iraq truly cared about its citizens this would have already gone…imo
Member: Hoping for some good info from Mark about exchanges happening soon?
MZ: The contact I mentioned last night is indeed out west now. This is a first in years so I am very upbeat about that.
MZ: Bond side remains quiet but most of contacts told me it should be around the 10th to the 12th for them to get paid.
MZ: last night Mike Bara told you guys he knows someone who should have their fees sooner. Like in a day or two.
MZ: I have heard nothing on Prosperity projects or CMKX.
MZ: “Central Bank stimulating hoarded money in homes is one of the most important challenges of this stage “ This is what happened to us in the late 1920’d and 30’s. People hoarded cash and the system broke. Money was not moving and flowing through the system. They are trying to nurture the feeling of prosperity and abundance to draw in more prosperity and abundance to stimulate the general economy.
Member: They have been educating their people for the past few years. I thought they had brought in all their mattress dinars already. Will this RV ever happen????
Member: if they change the rate the money would fly into the banks
Member: If back salaries are paid to Iraqi citizens by direct deposit only…when they see their money is safe maybe they will start to trust the banks?
MZ: That is exactly why the government is doing it this way.
MZ: “The President of the republic stresses to the Governor of the Central Bank the need to develop the services provided to the citizens” They want people to know they are making banking very secure
MZ: “Member of Parliament: Voting on amending the budget will solve part of Baghdad and Erbil’s differences” They are saying when they voted last Sunday they solved most of the differences between Baghdad and Erbil….now they need to finish it up…..but they want you to know they have made great progress.
Member: Mark Z I personally think all these operations are done. And the stories are just coming out
MZ: I would not be surprised if some of them were done.
Member: Iraqi Bonds: first bond is worth 500,000 dinars @ 6%, the second bond is worth 1,000,000 dinars @ 7.5%, interest paid every 6 months"
Member: I wish we could buy them!
MZ: “Trump wants a sovereign wealth fund: Here is how other countries run theirs”Wealth funds are used in more than 90 other countries Including Saudi Arabia, Australia, Norway, China, Abu Dhabi, Singapore, Hong Kong ect….and .29 states in the United States already have Sovereign Wealth Funds…the strongest of which are Alaska, New Mexico and Texas. .
Member: My bank had an update on app to inform our and agree to digital transfer and movement transactions yesterday.
Member: A friend of mine who lives in Austin, TX said he asked his bank manager, was is a friend of his, if they were ready for the Revaluation. He said, "Yes, we are trained and ready to go!"
Member: Any news on the IRS closing or The Federal reserve going away ?
Member: Everybody is going to party like it’s 1776 when we finally see the end of the IRS
Member: Just hope it happens before April 15th.
Member: Hi Mark, when we finally get appts, how long do we have to exchange/redeem?
Member: Mark always said we get 10 days to set appointments and 30 days to exchange…..nothing changed to my knowledge
Member: Don't judge each day by the harvest you reap but by the seeds that you plant.
Member: A Rising Tide Lifts All Ships
Member: It may not appear that we ate winning, but WE are. Hold on, this is about to happen in an " And Suddenly" situation.
Article: "Trump Restores Tough Line on Iran—Includes Watch on Iraqi Banks, Gulf States Transshipment of Prohibited Goods"
Quote: "U.S. President Donald Trump revived the tough line toward Iran...
Two documents released by the White House: National Security Presidential Memorandum/NSPM-2 and Fact Sheet: President Donald J. Trump Restores Maximum Pressure on Iran. NSPM-2 is addressed to 17 senior officials at 16 U.S. government agencies, including the State Department...
NSPM-2 directs the Secretary of State to take immediate steps in coordination with the Secretary of the Treasury...
to ensure that the Iraqi financial system is not utilized by Iran for sanctions evasion or circumvention and that Gulf countries are not used as sanctions evasion transshipment points.”
