MARKZ: Banks received a notice about currency revaluation!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Al-Alaq: 20 Iraqi banks practice direct transfer operations, 5 MARCH

 Al-Alaq: 20 Iraqi banks practice direct transfer operations

Economy News – Baghdad

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that there are 20 Iraqi banks that practice direct transfer operations in 8 foreign currencies.

Al-Alaq said, in an interview with the Iraqi News Agency, followed by “Al-Eqtisad News”, that “the recent quarterly meetings with the US Federal Reserve and the Treasury Department held in Dubai were very positive, as the steps taken by the Central Bank to improve the foreign transfer system and convert operations to international practices in a safe, transparent and highly organized manner were praised.
” Al-Alaq pointed out that “this transformation is the first of its kind in Iraq, which witnessed transitional stages from (the window) to (the platform) and then to correspondent banks.”
He continued, “Today, there are 20 Iraqi banks practicing direct transfer operations with international correspondents in eight foreign currencies , within the new system.”

Al-Alaq explained that “other banks that are still outside this framework are now working to qualify them according to specific standards, in cooperation with an international consulting company, to apply the necessary standards that qualify them to join foreign transfer operations.”

He stressed that “there are no new sanctions or changes, but on the contrary, there is praise and appreciation from international bodies, especially with regard to the mechanism for selling cash dollars.”
Al-Alaq stressed the “necessity of focusing on these successes to show a positive image of the transformations in the Iraqi banking sector, which will be positively reflected in the dealings of international financial institutions with Iraqi banks.”

https://economy-news.net/content.php?id=53121

MILITIAMAN CC HIGHLIGHTS NOTES, 5 MARCH

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this video, the host discusses the ongoing digital transformation in Iraq, focusing on the integration of digital currencies and the shift towards a cashless society. 

The significance of upcoming events, such as the first White House crypto summit, is highlighted, alongside Iraq’s efforts in controlling the sale of the dollar and enhancing the transparency of its banking system. The host emphasizes the importance of Iraq’s economic diversification, moving beyond oil reliance, and the associated increase in gold reserves, which bolster the country’s financial stability. 

Furthermore, the video touches upon the International Monetary Fund (IMF)'s support for Iraq in developing its financial policies and the significance of recent agreements to facilitate foreign trade.

 The host also discusses the crucial role of digitization in modern banking and the expected outcomes of ongoing negotiations regarding oil exports and salaries in the Kurdistan region. Throughout the discussion, the potential future value of the Iraqi dinar is considered, highlighting its impact on international financial transactions.

• 📈 Digital Transformation: Iraq’s move towards a cashless society with a focus on digital currencies and banking practices.
• 🏦 Dollar Control: Iraq’s progress in controlling the sale of the U.S. dollar and ensuring transparency in its banking system.
• 💰 Increasing Gold Reserves: A significant 45.1% growth in gold reserves, enhancing economic stability and providing a buffer in the foreign exchange market.
• 🌍 IMF Collaboration: Ongoing cooperation with the IMF to develop financial policies and bolster Iraq’s economic resilience.
• 🚚 International Transport Milestone: Historic achievements in cross-border trade transport operations under the international land transport system.
• 🔄 Shift from Parallel Market: Efforts to transition from informal currency trading to official channels, which could stabilize the dinar’s value.
• 📊 Economic Diversification: Iraq’s strategy to reduce dependence on oil by enhancing non-oil revenues, tourism, and other sectors.

Key Insights

• 📊 The Importance of Digital Integration: The push towards a cashless society in Iraq signifies a broader global trend in financial digitization. By integrating digital currencies and banking practices, Iraq aims to modernize its economy, increase transaction efficiency, and improve transparency. This transformation will not only attract foreign investment but also enhance economic stability, especially important for a country recovering from years of instability.

• 💵 Dollar Control Measures: Iraq’s achievement in controlling the sale of the dollar represents a significant shift in its economic strategy. The transparency and accuracy in the dollar transaction process help to build confidence in the Iraqi banking sector. However, the host warns of potential backlash from factions reliant on the parallel market, emphasizing that a stabilized exchange rate is crucial for future economic growth.

• ⛏️ Gold Reserves as Economic Security: The substantial increase in Iraq’s gold reserves serves as a critical buffer against economic volatility. The 45.1% growth in the fourth quarter of 2024 highlights the central bank’s strategy to enhance financial stability. Gold purchasing by central banks generally leads to price increases in the market, reinforcing the notion that gold is still seen as a reliable store of value.

• 🌐 IMF’s Role in Iraq’s Recovery: The collaboration between the Iraqi government and the IMF is pivotal for the country’s economic recovery. The IMF’s support in developing financial policies and enhancing the banking sector facilitates Iraq’s transition towards a more stable and diversified economy. The backing of international financial institutions is crucial for bolstering investor confidence and optimizing economic growth.

• 🚧 Transitioning Away from the Parallel Market: The Iraqi government’s commitment to moving away from informal currency trading channels is crucial in stabilizing the dinar. By enhancing the use of official banking channels and reducing reliance on the parallel market, Iraq aims to ensure more consistent financial practices, which will ultimately contribute to a healthier economy.

• 🚀 Advancements in Trade Operations: Iraq’s successful entry into the international land transport system marks a significant milestone in enhancing cross-border trade. This achievement is expected to facilitate smoother operations in international trade, providing a boost to Iraq’s economy. The successful implementation of these trade systems will likely enhance regional relationships and foster economic growth.

• 🔍 Focus on Economic Diversification: The emphasis on diversifying Iraq’s economy beyond oil is crucial for its long-term sustainability. By investing in sectors such as tourism and agriculture, Iraq can create a more resilient economic framework. This diversification will not only stabilize the dinar but also create job opportunities and reduce vulnerability to global oil price fluctuations.

As Iraq continues its journey towards economic recovery and modernization, the integration of digital technologies and the establishment of transparent financial practices remain key to its success. The host reinforces the need for ongoing vigilance and adaptability in navigating the complexities of global finance and regional dynamics.

MARKZ: Banks received a notice about currency revaluation!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Central Bank: We adopt a secure and reliable transfer system internationally and there are no new sanctions, 5 MARCH

 Central Bank: We adopt a secure and reliable transfer system internationally and there are no new sanctions

Baghdad – Mil

The Governor of the Central Bank, Ali Al-Alak, on Tuesday, confirmed the financial transformation and the stages of transition from a “window” to the “platform” and then to the correspondent banks, which is the first of its kind in Iraq, which is security and transparent and has received international praise, stressing that there are no new sanctions or changes with regard to Iraqi banks.

“The recent quarterly meetings with the US Federal Bank and the Treasury Department held in Dubai were very positive, as the steps taken by the Central Bank in improving the external transfer system and converting operations to international practices were safely, transparently and highly organized,” Al-Alak told the official agency.

Al-Alak added that “this transformation is the first of its kind in Iraq, which witnessed transitional stages from (window) to (the platform) and then to correspondent banks.”

“Today, there are 20 Iraqi banks practicing direct transfers with international correspondents in eight foreign currencies within the new regime,” he said.

Al-Alak explained that “other banks that are still outside this framework are now working to qualify them according to specific criteria, in cooperation with an international consulting company, to apply the necessary standards that qualify them to join external transfers.”

He stressed, “There are no new sanctions or changes, but on the contrary, there is praise and appreciation from international bodies, especially with regard to the mechanism of selling the dollar in cash.”

Al-Alak stressed “the need to focus on these successes to show a positive image of the transformations in the Iraqi banking sector, which reflects positively on the dealings of international financial institutions with Iraqi banks.”

“Coffee With MarkZ” Tuesday Morning Chat 3-4-2025

 “Coffee With MarkZ” Tuesday Morning Chat 3-4-2025

Mar 4

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 Happy Fat Tuesday  and Mardi Gras

Member: March 4 1861, 164 years since Lincoln was inaugurated...

Member: Today is supposed to be a big day…..watching and waiting for big news.

Member: Sending love & Tuesday blessings! Let's pray that today is everything that they are anticipating!!

MZ: We only have a little bit out of Iraq today. There are a number of people that are supposed to be traveling to Zurich….right now…..as we speak. Including representatives from the US Treasury.  We are waiting to see who hits the ground there. Its 4 or 5 o’clock over there right now so surprised I have not heard anything yet. 

MZ: I have a number of contacts traveling along with attorneys and paymasters (as we speak) to Europe. So far I have identified 6 or 7 historic bond groups that are traveling for final contracts. All of this is happening today. 

MZ: Watching for updates. But I don’t have anything from groups today. They are in place right now…but no update. 

Member: what is the difference between groups and bond holders when you speak about them. Sorry if I sound dumb

Member: There are bond holders in groups like Historic German Bonds, Chinese railroad bonds, and many others . Then there are currency groups…..folks who have already turned in their currency to the groups and have received SKR’s (safe keeping receipts) in exchange…..those are supposedly in tier 4a. Many are big church groups. Like the Mormon church ect…..

MZ: “Central Bank: We adopt a secure and reliable transfer system internationally and no new sanctions”   This system is safe and transparent and has won international praise. 

MZ: I do have some reports saying oil is flowing in the pipeline now. Waiting for articles to confirm. 

MZ: So we have oil flowing, Banks are safe now and bond people traveling for final contracts so far today. 

Member: What does “final contracts” mean?

MZ: It means when they get paid in fiat dollars for the first portion …at least the first 10% is fiat. Then when they flip the trigger it will turn to gold backed. 

Member: What’s your take on No auctions in Iraq since last Wednesday?

MZ: My take is we are crossing the finish line. Just like Al-Alaq said…no sanctions and transparency  is what they needed in their white papers monetary reforms to increase the purchasing power of the Iraqi dinar for all Iraqi’s.   And return the rate to its former glory. 

Member: The Nasdaq, S&P & DOW taking another beating today in early trading

Member: DOW now down more than 500 points

Member: Asian market got hammered last night

Member: So, what are we expecting with Trumps big speech tonight ????

Member: Don’t expect anything major but a wrap up of his first 100 days

Member: Trumps speech tonight "The Renewal Of The America Dream" Not "The State Of The Union" let's do this!!

​​Member: I think he will announce new financial system as the restored American dream

Member: I expect a recap of all his administrations accomplishment’s . I would love to see an announcement of Asset backed currency…..but doubt it

Member: Nesara would be a good Pres. Trump announcement.

Member: Just a thought ..are we seeing a slow gradual NESARA already?

Member: State of the Union Address 9PM Eastern

Member: This has been the longest roller coaster ride of our lives, hopefully we're pulling in and about to debark from this ride!  It's time to find another ride to occupy our time.

Member: Really will be glad to see an end to this “movie”

MZ: I think they are about to run the credits.

Member: Thanks Mark and Mods…See everyone tonight at 7 pm est for news…..Then the SOTU speech watch party tonight . 

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

BROTHERS TECHNOLOGY: THE BANKS ARE READY TO GO!! , OIL REFORM IS COMPLETE AND GET READY!!#iraqidinar