FIREFLY: the Iraqi dinar will regain its strength!! @DINARREVALUATION #iraqidinarinvestor

 

New reform plans for the banking sector in Iraq, 23 FEB

 New reform plans for the banking sector in Iraq

The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, stressed that achieving a unified vision to study the situation of banks in Iraq requires the integration of the national banking market within a homogeneous framework aimed at enhancing the stability of the national financial system and improving its performance in the fields of credit, digital payments and financing economic development.

Saleh said in a special statement to {Euphrates News}, that “the first vision focuses on the importance of achieving integration between national banks to enhance their role in supporting the Iraqi economy, pointing out that this requires modernizing the financial infrastructure and adopting modern technologies to meet the requirements of the age.

The second vision, according to the financial advisor, is related to the development of two comprehensive reform plans targeting the public and private banking sector, with the aim of improving the performance of these institutions in accordance with international standards. He explained that the reform will include improving governance and financial management and enhancing transparency, which will facilitate the involvement of Iraqi banks in the global financial relations network.

Saleh added that the immediate goal of banking reform is to enable Iraqi banks to deal more effectively with the outside world, to ensure economic openness and attract foreign investments, as well as strengthen Iraq’s position in the international financial arena.

This trend comes in light of the government’s continuous efforts to develop the financial sector and enhance its role in achieving sustainable development and supporting the national economy, as banking reform is seen as a fundamental step towards achieving these goals.

Ragheed

https://alforatnews.iq/news/خطط-إصلاحية-جديدة-للقطاع-المصرفي-في-العراق

Weekend Coffee with MarkZ. 02/22/2025

Feb 22

Weekend Coffee with MarkZ. 02/22/2025

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: Happy Saturday and Welcome to the Weekend 

MZ: Today is the last day we are broadcasting on twitch. People will have to use youtube or rumble from now on. 

MZ:  Huge amounts of chatter this weekend. Tons of rumors about this weekend. We will see what surfaces. We know there is a lot of excited wealth management/redemption contacts and bond folks as of this morning. 

MZ: Lots of people in place but have not heard from group contacts yet this morning. I am confident we are close…just not certain this is the weekend or not.  I would think we would see movement in groups if this was our weekend. 

MZ: The new dinar rate was not in the Gazette today. The CBI has been showing some different rates lately…it even went to 1322 in the wee hours. But it is not staying there. There is a lot pointing to the fact they are working on it….but not a lot pointing to us going to the banks on Monday. 

Member: With the CBI website having its outage and FOREX down today for upgrades, Maybe it’s safe to assume CBI is doing a big upgrade to new system and ready to Pop up new rate tomorrow???

Member: Rumor:  Hearing Iraq has done their revaluation in house but not announced .

MZ: “Kurdistan oil export: Washington presses and Baghdad faces challenges” I would like to point out that Baghdad is calling BS on some Rueters articles saying the US is threatening sanctions if Kurdistan doesn’t start pumping the oil….Both Washington and Baghdad say “BS” and tells them to stop with the fake news.  

MZ: “ Kurdistan council of ministers confirms its aspirations to resume oil exports as soon as possible” We are being told this coming week they will resume.

MZ: “ The reform committee announces a growth in tax revenues of 22% with revenues of 4 trillion dinars” this is part of changing the system from cash to electronic. Revenue can now be tracked. This allows Iraq to be stable and not fluctuate as much. 

Member: All the economists are talking about gold and silver right now…..something is happening

The total short position in silver is 953 million ounces. This is over one year’s world production. This is mostly a naked short to control the price. The CFTC is clearly aware of this.

Member: Rand Paul just sent letter to Treasury for inspection of Ft Knox no later than March 19

Member: Why does this upcoming audit of Fort Knox remind me of the Geraldo Rivera Special- "The Mystery of Al Capone's Vaults"

Member: CEO Jamie Dimon just dumped $233.7 million worth of $JPM shares

Member: If the bank don’t hold a lot of funds and people cannot get their money out…how safe is it to put our RV funds in them? 

MZ: When the RV happens we assume the monetary system is changing and this doesn’t matter…but, if the system doesn’t change we will have a lot to figure out quickly. 

Member: When we get our notification to set our appointment do we have to so it within a certain amount of time? I’ve heard 3 days. Concerned as I am out of the country till mid March.

Member: Mark always said we should have 10 days to make appointments and 30 days to exchange….

Member: Remember Saturday nights are the best time to reset currencies while all banks are closed…. Please let this be that Sat. night we are waiting for 

Member:  Have a very blessed weekend everyone and may God richly bless you all and see you all on Monday morning.

Member: I feel Ike we are living in the greatest part of History . There should be songs written about these times!

Member: The best is yet to come.

LATEST UPDATE FROM WOLVERINE @DINARREVALUATION #iraqidinarinvestor

 

Baghdad announces the completion of the procedures for resuming the export of Kurdistan oil and directs a request to Erbil, 23 FEB

Baghdad announces the completion of the procedures for resuming the export of Kurdistan oil and directs a request to Erbil

Shafaq News / The Iraqi Ministry of Oil announced on Saturday the completion of the procedures for resuming the export of oil produced in the Kurdistan Region, calling on the region’s authorities to hand over the quantities produced from the operating fields to the oil marketing company.

The ministry confirmed in a statement received by Shafaq News Agency, “Completing the procedures for resuming the export of oil produced in the Kurdistan Region through the port of Cihan in accordance with the mechanisms outlined in the budget law and its amendment and within the production ceiling set for Iraq in OPEC.”

The Ministry of Oil demanded from the regional authorities to “hand over the quantities produced from the operating fields to the oil marketing company to proceed with export through the Iraqi-Turkish pipeline and the port of Ceyhan under the contracts signed with the candidate companies.”

Earlier in the day, Iraq’s Prime Minister’s Foreign Affairs Adviser, Farhad Aladddin, denied media reports claiming that the United States threatened to impose sanctions on Iraq if oil exports from the Kurdistan Region did not resume.

Reuters revealed on Friday the details of US pressure exerted by the administration of President Donald Trump on the Iraqi government in order to speed up the resumption of the export of Kurdistan Region oil through the Turkish Ceyhan line, or face economic sanctions as is the case with Iran.

The agency quoted eight sources in Baghdad, Washington and Erbil, who have direct knowledge of the issue, as saying that “ increasing pressure from the new US administration was a major driver behind the Iraqi oil minister’s announcement last Monday that exports from the region will resume next week.”

https://www.shafaq.com/ar/اقتصـاد/بغداد-تعلن-استكمال-جرا-ات-ست-ناف-تصدير-نفط-كوردستان-وتوجه-طلبا-ل-ربيل

EXCERPTS FROM MARKZ, 23 FEB

 EXCERPTS FROM MARKZ

MZ:  Huge amounts of chatter this weekend. Tons of rumors about this weekend. We will see what surfaces. We know there is a lot of excited wealth management/redemption contacts and bond folks as of this morning. 

MZ: Lots of people in place but have not heard from group contacts yet this morning. I am confident we are close…just not certain this is the weekend or not.  I would think we would see movement in groups if this was our weekend. 

MZ: The new dinar rate was not in the Gazette today. The CBI has been showing some different rates lately…it even went to 1322 in the wee hours. But it is not staying there. There is a lot pointing to the fact they are working on it….but not a lot pointing to us going to the banks on Monday. 

AJ : Update: Iraq operates a parallel market for dollar exchange rates within the country!! #iqd