Member: I also wanted to mention that I talked with a patient yesterday that’s from Venezuela. He told me that the Bolivar has gone digital and they have dropped the zeroes and renominated.
Member: I wonder what happened to the bondholders that were given money to travel???
MZ: I have one that was given money to travel…..he traveled and now he is not talking. I know a couple more that were asked for their banking info so they could be sent travel money. They are still waiting for that money to be sent to them. They were told to be prepared to go at any moment.
Once they receive their money they will have 2 days to get to their appointments.
MZ: I do have a bond contact say there are scheduled bond meetings with bond holders (Not bond facilitators) this evening. The first meeting is in Europe. I have not heard a peep from bond holders in Reno. It seems like all the bond movement is overseas right now…not domestic. There has been movement in Asian and European markets.
MZ: Reno is the biggest information leak on the planet. I expect to see no movement out of Reno. If I were handling exchanges there…they would be the last people to go ….imo.
The Iraqi banking sector has witnessed significant changes in its financial indicators during the past year, according to the issued data, which reflect the performance of commercial banks, the movement of cash, and the purchases and sales of the dollar, in addition to the policies of the Central Bank.
Commercial banks: decline in some assets and growth in private deposits
The data showed a decline in the assets of commercial banks by 0.92%, falling from 205.25 trillion dinars by the end of 2023 to 203.36 trillion dinars at the end of 2024. Current deposits also recorded a decrease of 9.38%, while private deposits increased by 10.63%, indicating increased trust of individuals in private banks compared to traditional current deposits.
Dollar movements: a sharp decline in central bank purchases
The Central Bank’s purchases of the dollar recorded a significant decline of 61.97%, falling from $8.35 billion to $3.18 billion. In contrast, dollar cash sales saw a slight decline of 0.92%, reflecting a decline in demand for hard currency within local markets.
Currency: decrease in the money supply and decline in the reserves of the issued currency
The issued currency recorded a decrease of 1.36%, while cash outside banks decreased by 10.26% to reach 130.35 trillion dinars compared to 145.26 trillion dinars in the previous year. The ratio of mandatory reserves to the issued currency also decreased from 143.14% to 129.64%, indicating a reduction in cash availability in the market.
Central Bank: A rise in loans and a decrease in gold reserves
Loans granted to small and medium-sized enterprises witnessed a significant increase of 47.02%, reflecting a trend to support economic development through project financing. In contrast, gold reserves recorded a decline of 8.69% to reach 189.90 trillion dinars compared to 207.96 trillion dinars last year.
Inflation and the exchange rate: a marked decline
The inflation rate recorded a decline of 35.56%, falling from 4.50% to 2.90%, reflecting an improvement in price stability. The exchange rate in the parallel market also fell by 1.32%, in an indication of relative stability in the value of the dinar against the dollar
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, Mods and fellow RV’ers……RV there yet????
Member: Happy Liberation Day (I think...not feeling as liberated as I would with an RI of my Dinar...just sayin')
Member: Today, April 2 is Liberation Day. (Trump Declared) and it commemorates the Coinage Act of April 2, 1792 when the dollar was attached to gold/silver. Today is supposed to be golden . A special day of prosperity.
MZ: Specifically it was attached to a Spanish silver ounce.
Member: Maybe President Trump will announce at least the intention to go back on the gold standard if not do it outright?
Member: Fairly certain that today will mostly be a nothing burger, folks have built this date up way too much as always. Hope I’m wrong !
MZ: Keep in mind that today is an important day. They have to fix all the problems before they can reset. Fixing everything is important otherwise we would just rehypothicate or hand money to the rats and nothing would change. They are fixing taxes, tariffs, DOGE stuff….it is all very important and necessary steps before the reset. .
Member: I wish everybody would stop beating around the bush and just tell us the truth …actual truth instead of thousand excuses
Member: Wouldn’t that be wonderful …
Member: Why so much disinformation….Why so much secrecy? I don’t get it
MZ: To me it makes sense why they do it. They do it on purpose- they have to cloud the timing. If everybody knew when it would happen…big investors will flood the markets with billions investing in dinar ect and upset everything. But it sucks though.
Member: Rumors floating around are that the RV is today and banks are exchanging.. How do they keep getting away with saying this stuff?
MZ: Yes a lot of them are saying that. Others are saying lower denominations are out. My contacts on the streets in Iraq are saying they wish that was a fact…but they don’t have any and they can’t find any. Let’s hope those folks are right about RV today. I would love to be wrong.
Member: One of my patients that is a bank manager said to hold onto currency of wealthy countries because he said something could change soon. He said this last week to me.
Member: I also wanted to mention that I talked with a patient yesterday that’s from Venezuela. He told me that the Bolivar has gone digital and they have dropped the zeroes and renominated.
Member: I wonder what happened to the bondholders that were given money to travel???
MZ: I have one that was given money to travel…..he traveled and now he is not talking. I know a couple more that were asked for their banking info so they could be sent travel money. They are still waiting for that money to be sent to them. They were told to be prepared to go at any moment. Once they receive their money they will have 2 days to get to their appointments.
MZ: I do have a bond contact say there are scheduled bond meetings with bond holders (Not bond facilitators) this evening. The first meeting is in Europe. I have not heard a peep from bond holders in Reno. It seems like all the bond movement is overseas right now…not domestic. There has been movement in Asian and European markets.
MZ: Reno is the biggest information leak on the planet. I expect to see no movement out of Reno. If I were handling exchanges there…they would be the last people to go ….imo.
Member: Will the bolivar be in the first basket?
MZ: We don’t know for sure…but many people believe it will be.
Member: if a person has only Zim and bolivar….and the bolivar is not in the first basket…would they have two bank appointments? One to exchange Zim and a later one to exchange Bolivar?
MZ: Yes. Appointments could be a year a part…or 2 months? We don’t know yet.
MZ: “Government talk about Iraq’s foreign reserves at their highest level” Their foreign reserves are at the highest levels ever. They are telling us how stable and secure they are.
MZ: “Final Budget return to the fore as Parliament awaits the arrival of the 2025 budget schedules” There is a mechanism in it that if they do not get this thing passed soon it defaults to the last paid budget. Meaning they can’t add any new projects but will allow the continuation of existing things while the adopt the previous years budget with the existing spending numbers…...
Member: Keeping stalling the RV would not be good for Sundani reelection if it doesn't pass it. so I think they need to push it through asap!!
Member: I saw Trumps press secretary saying that he was considering exchange rate as part of the financial recovery. No specific countries were mentioned
Member: Yes…Caroline Levitt mentioned Trump was considering currency exchange rates in the recovery! No specific countries mentioned
Member: I stopped at Chase bank yesterday! There was a lot of people waiting for wealth advisors
Member: I wonder if there is any movement in Dubai, d1 and d2?
Member: I wish we knew what to expect when we go in to exchange???
Member: Folks, imo there is absolutely nothing to worry about. Hand over currency… watch machine count…. Sign papers…. Rich.
Member: Passover starts on the 13th. Hopefully, we see movement on RV! Easter is April 20th
Member: Maybe they are waiting for the St. Germaine trust to open on Easter?
Member: Thank you for keeping us all sane Mark, Really appreciate you and your team.
Member: Prayers for all of those suffering are those that have lost precious loved ones.
AL-SUDANI: RESTRICTIONS ARE USEFUL, AND I ASKED THE AMERICANS ABOUT THEIR SILENCE ON THE DOLLAR CHAOS BEFORE ME!
Answered about selling 300 million daily
Prime Minister Mohammed Shia al-Sudani asserted that US sanctions were the best way to eliminate “rogue shops” and that the punitive measures imposed on Iraqi banks were a result of the previous government’s failure to fulfill its commitments to the US.
He also said that the Treasury described the progress in reforming the banking system as “the revolution we dreamed of.” During a lengthy interview, al-Sudani justified the increase in the Central Bank’s dollar sales by the acceleration of construction activity and the import of building materials. He also promised to launch a reform plan to correct the banking sector, which is “the most important in Iraq’s history.”
Mohammed Shia Al-Sudani, during an interview with journalist Samer Jawad:
There is an exaggeration of the problems facing Iraq, even though countries face many similar challenges, even on the security level. During the ISIS crisis, they said that Iraq was finished, and on the economic level, they said that the economy was finished, but things later proceeded normally.
After assuming the premiership, I faced the issue of the agreements between the previous government, the Treasury, and the US Federal Reserve, which were two years old at the time, regarding a roadmap for Iraq to enter the global financial compliance circle. However, the previous government did not implement any of them, and the deadline expired at the beginning of my government.
My government was able to transform the challenge and commitment to the U.S. Treasury and the Federal Reserve into an opportunity to reform the Iraqi financial and banking system. This came at a social and political cost, which our opponents exploited. However, we leveraged the issue to end the anomalous situation of dollar-selling shops, which we all complained about, and we were able to implement the imposed obligations.
The sanctioned banks were sanctioned for violations committed during the previous government’s term. The sanctions imposed by international institutions were related to that period, but there are no violations in this regard now.
We have been able to implement the standards, and now the Iraqi banking system operates transparently, in accordance with international compliance standards and certified by international institutions. During my last visit to New York, the US Treasury representative informed us that Iraq has achieved a revolution we had dreamed of in previous periods. International compliance standards have been applied to all Iraqi financial transfers, via correspondent banks and the US audit firm. Not a single dollar is spent without passing through these bodies.
The only cash dollars exchanged are for travelers, and are spent at the plane door. Therefore, not a single dollar is exchanged outside of improper transactions and procedures. The Central Bank’s increased dollar sales have a different interpretation related to construction and development in the country, unlike what used to happen in the days when the process was conducted through receipts and chaos. Thirty percent of the value of our annual imports goes to construction materials, and this reflects the scale of construction and development.
The Iraqi banking system has reached such a level of reliability that international banks have begun opening credit lines here. We have contracted with Oliver Wyman to reform the private banking system, and we will launch the reform plan after Eid. It will be the most important plan since the founding of the Iraqi state. The government banking sector will be reformed under the supervision of Ernst & Young.
You might also want to take a peak at these other articles titled:
😊“RAFIDAIN BANK GENERAL MANAGER: FINANCIAL TECHNOLOGY IS THE FUTURE OF THE BANKING SECTOR IN IRAQ.”
Rafidain Bank’s General Manager, Ali Al-Fatlawi, confirmed that the bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector through adopting financial technology, enhancing banking inclusion, and adhering to international standards of integrity and compliance.
(Remember all the articles about the digital dinar? This is what they are going to use to transfer funds for imports and exports abroad. No more dollar only SAFE dinars. This is also what will introduce dinars to the international community. They will have to launch FOREX at this time. They will have no choice.)
😊“CENTRAL BANK: WE WILL LAUNCH A MAJOR INITIATIVE TO FINANCE INDUSTRIAL PROJECTS”
The Central Bank of Iraq announced on Sunday its intention to launch a major initiative to finance industrial projects
in cooperation with the Trade Bank of Iraq and the Industrial Bank.
Are you HAPPY yet!
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What can we as investors do right now?
Pray and pray some more for the people of Iraq
Be very patient….
Do not sell your dinar….
No more silly intel guru talk….
No more NESARA / GESARA crazy talk
Stop listening to all these idiots as they are only confusing you more and more (especially TNT, Frank26 and “The Big Call” idiots.)
Don’t over speculate and set unjustified expectations, be real and stick to the FACTS.
Their words not mine…..No Rumors, No Hype, No Opinions