Iraq...is international without a doubt. The problem is they have not release the REASON why you are international yet. That will be a new exchange rate with a new denomination of currencies called the lower notes.
I love the fact that Saleh is constantly coming out every day to talk to you Iraqi citizens about the success of their banking and monetary reform education. This time he tells the Iraqi citizens that your banking reform is going through a major change.
I call it a paradigm shift. It is tremendous what is going on...You're not just a financial hub...There are so many ways he can tell you Iraqi citizens that there is a new exchange rate coming but the evidence is all around you.IMO every day there's an announcement on your television in order to soften the shock of what is soon to be announced, a new exchange rate.
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: Happy Monday morning…..welcome to a new week
Member: We will probably won’t have much news since it’s Monday. Probably everything is dried up from the weekend
Member: Ok Everyone who's ready to turn this page???
Member: Every week, I feel like it’s ground hogs day with the RV…..
MZ: Stay hopeful…..we will get to the end of this ….we don’t know the exact timing…but so much is lining up. Today is far better than a normal Monday morning.
Member: What happened to the spendable money bond facilitators had gotten last week? Any movement since then?
MZ: This is very unusual for a Monday Morning…but I am already hearing from Historic bond contacts. A number of them have bond contracts for later in the day tomorrow. They are expecting spendable money. So my fingers are crossed for the next 24 hours. Hoping we can cross to the other side of that bridge to track solid movement of bond holders themselves. Not just paymasters and facilitators.
MZ: It is very unusual to get information this early on a Monday Morning.
Member: I think we are possibly waiting for the audits of the UST, the Fed and Ft. Knox for us currency holders to exchange. ……..I don’t think they can do a reset without fixing our big financial system issues.
Member: Then let’s hope they move quickly and get it done.
Member: Mark do you think the RV will happen in April?
MZ: I am not ruling out February yet.
Member: Census data released today in Iraq. There was a power outage during the press conference. Shows the need for improvements on electrical power grid generation
Member: MM site posted this morning the Iraq would start pumping oil by the end of the week, do you think they are waiting for the first of the month
Member: Ramadan starts in a couple days…..we might as well relax for month….nothing will happen at that time.
Member: Mark has said several times that revaluations have happened during Ramadan
MZ: No part of me thinks that it matters that it is Ramadan soon.
Historically many countries in that region have changed rates during Ramadan. But it is still possible to see this before Ramadan…It may be a very “lucky” time to do this RV during Ramadan.
Member: I think Ramadan starts in 4 days….sunset on Thursday .
MZ: In Iraq: “ Al Sadr responds to Maliki –We will not participate in any government that has a framework” Why is this important? They are removing bad influences….they want things cleaned up.
MZ: “Kurdish administration resumes oil deliveries to Syrian government for first time since Assad was toppled” This should halp Syria become more stable again….they are still working on infrastructure, power plants and pipelines.
MZ: “Baghdad and Erbil form a joint technical team to inspect the readiness of the Kurdistan oil Export Pipeline” this pipeline had been mothballed for a couple years and is now roaring to life. They are planning to test it in the next 18 hours or so to start again moving oil through Turkey for sales.
MZ: “Iraq is redrawing its economic map : precious metals in the façade” The government moves to diversify its non- oil sectors. They are sitting on tremendous reserves and now they are developing them. There is much more in Iraq’s income then just oil. They have many gold, silver, and phosphate and precious metals……They have far more resources now then what they did under Saadam Hussein when the Iraqi dinar was worth over $3.
Member: These are things the US also need……hope they get working on that soon over here as well.
Member: March 4 was the day set by our Confederation Congress in 1788 for our new government under our Constitution to begin operations. Our 1st Congress met March 4, 1789.
Member: Skye Prince announced Sunday morning that they have rolled out for tier 1 and tier 2!!! Medbeds are suppose to rollout simultaneously with the RV!!
Member: Does anyone else's family or friends think your nuts to invest in dinar?
Member: You are not alone …really looking forward to saying “I told you so” to people who mock me.
Member: When this is done, I say we outlaw the word “close”
Member: Things are feeling so positive lately. I'm feeling so up for this week. Something seems like it's finally a go!!
Member: Thanks Mark and mods….everyone have a wonderful day.
Important Recapalso New followers: I posted last year about the CBI ending the Currency Auction. So let me explain how important this means for Iraqi dinar holders.
The CBI has shifted how Iraqi banks handle external transfers (sending money abroad) from an electronic platform to a system where Iraqi banks deal directly with their international correspondent banks.
This change was fully rolled out by the end of December 31, 2024. Think of it as upgrading from a middleman-managed app to a direct hotline between banks worldwide. See pinned post Now, Iraqi banks connect directly with global banks (called correspondent banks) to handle transfers themselves. This is a big leap toward modern banking, aligns with global best practices, with international standards.
Iraqi banks can now work with a bunch of currencies—not just the US dollar (USD), but also
Indian Rupees (INR)
Chinese Yuan (CNY)
Euros (EUR)
UAE Dirhams (AED)
Saudi Riyals (SAR)
Jordanian Dinars (JOD)
This flexibility makes trade and payments easier with more countries.
The CBI opened Sub-accounts of e-payment service providers were opened from the CBI`s main account at JPMorgan, as they were fed for electronic card settlements purposes.
CBI also opened sub-accounts of banks in Iraq from its account with Citibank for Western Union and MoneyGram settlements.
It signals to investors and foreign partners that Iraq’s banking is reliable, which could bring in more business and cash.
It’s like Iraq’s financial system went from flip phones to smartphones—more connected and capable.
2016 CBI-started 8 years of planning and tech upgrades. After 34 years of isolated from global banking from sanctions and wars. In 2003 Iraq had 160 Billion of external debt, it took until 2015 to restructure the debt. Today they have less then 9 billion of external debt to be paid off 2028.
Foreign Remittances Constitute More Than 93% Of The Central Bank’s Sales.
Time: 2025/02/23 Reading: 960 times {Economic: Al Furat News} Foreign remittances, today, Sunday, in the sales of the Central Bank of Iraq, reached more than 93% in the hard currency auction.
The bank sold in its auction today 293 million, 340 thousand and 631 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
Most of the dollar sales went to strengthen the balances abroad in the form of transfers and credits, which amounted to 275 million, 440 thousand and 631 dollars, at a rate of 93.82%, compared to cash withdrawals amounting to 17 million, 900 thousand dollars.
The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 5 banks, and the total number of exchange companies participating in the auction was 23 companies. LINK
