EXCERPTS FROM MARKZ, 4 MARCH

 EXCERPTS FROM MARKZ

Member: Have you heard any good RV news over the weekend Mark?

MZ: There is a huge amount of hype going on for tomorrow. If I am hearing this- I am sure you all are hearing it too. Big expectations going on right now on the RV side. 

Member: So if it’s plastered all over the place….guaranteed no notifications will happen. 

MZ: I don’t know. By now, whenever everybody is saying its time. We all, at this point assume it’s not happening. We are numb. Boy who cried wolf , wolf, wolf…..noone believed him…no one was listening anymore……but finally the wolf was really there. So maybe this is positive

Member: Many think Trumps State of the union address to the nation will be big tomorrow night. 

MZ: And Kurdistan oil is supposed to start tomorrow as well. The pipeline is ready. So along with the State of the union speech…it should be a big day tomorrow. We may even see a softball pitch about Nesara. 

AJ: The Rv , It’s a deliberate decision made by the CBI!! @DINARREVALUATION #iraqidinarinvestor

 

Masa'iya" will return next Sunday.. The Iraqi parliament suspends its sessions this week, 4 MARCH

 Masa'iya" will return next Sunday.. The Iraqi parliament suspends its sessions this week

A source in the Iraqi parliament reported on Sunday that the parliament presidency has suspended sessions this week, and that they will resume next week.

The source told Shafaq News Agency, " The Iraqi Parliament Presidency informed the representatives that there will be no parliament session this week."

He added that " the council will resume its regular sessions on Saturday or Sunday of next week," indicating that "the sessions will be held in the evening after breakfast."   

Last week, the member of the Parliamentary Legal Committee, Mohammed Anouz, revealed to Shafak News Agency that the Parliament sessions during the month of Ramadan will be in the evening, i.e. after breakfast, to ensure the continuation of legislative work before the end of the current session .

It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022, and is scheduled to continue for four years, which means that it will end on January 8, 2026 .

According to the amended Electoral Law No. 12 of 2018, legislative elections must be held 45 days before the end of the parliamentary term  .

Accordingly, the next elections are expected to be held in late November 2025 .  link

TIDBIT FROM PIMPY, 4 MARCH

 Pimpy 

Article: "Iraqi dinar hits nine-month high against the US dollar"

  This is good.  This means the Iraqi dinar has grown in value...It's not much of a jump but if you put things in perspective it seems like a pretty big jump signaling a positive shift in the national currency value.  

 We want this number right here [145,950 to 100 USD] to go down...

 -

 People going...Pimpy, he's a negative guy.  No.  I'm not a negative guy.  I don't understand how people get telling you the truth as something negative.

MAJEED: The relationship between the Iranian Toman and the Iraqi Dinar is inverse!! #iraqidinar

 

Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading, 3 MARCH

 Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with official outlets for foreign currency, which contributes to financing foreign trade through the sound international financial system.

He pointed out in his statement to {Euphrates News} that "this shift aims to move away from informal financing from the parallel dollar market intensively, especially with the change in the behavior of small traders in avoiding the parallel market linked to the countries' regional and geopolitical problems." 

Saleh added that "this shift comes in the context of the importance of increasing Iraq's foreign reserves and confronting money smuggling operations, in addition to facilitating external transfer operations through Iraqi banks that deal with international banking correspondents, at an official exchange rate of 1,320 dinars per dollar."

He also stressed that the end of the compliance platform phase adopted by the Central Bank of Iraq in the past two years and the country's entry into a new phase has contributed to providing great flexibility in financial transfers through official channels.   link