Monday, August 7, 2023
Coffee with MarkZ 08/07/2023
IRAQ NEWS TODAY, 7 AUGUST
Iraq partially settles gas debt to Iran, talks continue
Shafaq News / The Iranian Ministry of Foreign Affairs announced that Iraq has partially paid off its debts related to gas supplies. According to Al Jazeera, the foreign ministry stated that "Iraq has made partial payments of its debts to Iran, and these funds were transferred to a third country."
The ministry also emphasized that technical discussions between the two countries will continue.
It's worth noting that earlier, on July 3, 2023, Yahya Ale-Ishaq, the head of the Iran-Iraq Chamber of Commerce, had announced that Iraq had fully paid its outstanding debts to Iran, totaling 10 billion dollars.
https://shafaq.com/en/Iraq-News/Iraq-partially-settles-gas-debt-to-Iran-talks-continue
----
SFC dismisses formal challenges to budget law provisions
Shafaq News / The Supreme Federal Court decided on Monday to reject some formal challenges related to the unconstitutionality of certain provisions in the Budget Law.
According to a statement by the court, it ruled to dismiss the formal claims in cases numbered (175/ Federal/ 2023), (170/ Federal/ 2023), (169/ Federal/ 2023), (165/ Federal/ 2023), (154/ Federal/ 2023), and (166/ Federal/ 2023), concerning the constitutional challenges to some articles of Law No. 13 for the year 2023, the Federal General Budget Law for the fiscal years 2023-2024-2025.
The court clarified that the rejection was based on the provisions of Article 22 of Internal Regulation No. 1 for the year 2022 and its reference to Article 19 therein. The claimants were not among the persons mentioned in the aforementioned article who have the right to challenge the constitutionality of the Budget Law and bear the expenses, fees, and attorney fees. The judgments were unanimously issued and are binding on all authorities, publicly understood on August 7, 2023.
Earlier today, SFC issued a series of rulings on Monday addressing challenges presented by the Kurdistan Regional Government (KRG) pertaining to the federal budget law.
This long-awaited judgement provides clarity on disputed elements within the law, number 13 of 2023, that oversees Iraq's federal budget for the fiscal years 2023-2025.
An official press release said that the court reviewed the lawsuit, numbered 168/federal/2023, filed by the plaintiff (the KRG President, in his official capacity) against the defendant (the Speaker of the House of Representatives, also in his official capacity).
The lawsuit specifically contested certain items within the budget law.
The court's ruling deemed several provisions in the law "unconstitutional". These include the phrase "with the approval of the federal Prime Minister" as stated in Article 11/first and "in case the House of Representatives fails to take the necessary decision" as mentioned in Article 13/seventh.
However, the SFC dismissed the challenge regarding the constitutionality of several other sections, specifically articles 2/first/5/b, 11/second, 12/second/a, b, c, d, e, and 13/eighth/b.
In a separate but related ruling, the SFC also concluded the challenge posed by the Federal Government against the budget law. According to an additional press release, the court reviewed the lawsuit numbered 153/federal/2023, raised by the plaintiff (the Prime Minister, in his official capacity) against the defendant (the Speaker of the House of Representatives, in his official capacity).
The SFC's definitive verdict, binding on all authorities, declared several phrases in the law to be unconstitutional. These include the word "exclusively" in Article 2/first/8/c/6, the phrase "upon his request" in the last section of Article 16/second, along with Articles 20/sixth, 28/fourth/a, 57/first/c, 70/second, and 72.
Nevertheless, the Court dismissed the plaintiff's lawsuit regarding the constitutionality of Articles 28/fourth/b, 62/fourth, 63/third, 65/second, 71, and 75 of the above-mentioned law.
https://shafaq.com/en/Iraq-News/SFC-dismisses-formal-challenges-to-budget-law-provisions
"THE CURSE OF ZEROS & HISTORICAL JUSTIFICATIONS", " IRAQ PAID OFF PART OF ITS DEBTS TO IRAN", 7 AUGUST
Urgent…Iran: Iraq paid off part of its debts and its amounts were transferred to a third country
{Economic: Euphrates News} The Iranian Foreign Ministry announced that Iraq paid part of its debts to Iran for supplying gas to it.
“This money has been transferred to a third country,” an Iranian foreign ministry spokesman said at a press conference today, stressing that “technical talks will continue on that.”
Last month, the US State Department announced that part of Iran’s money in Iraqi banks would be transferred to Oman.
These funds will be held in Oman, but Iraqi restrictions on these funds will also apply in Oman and these funds can only be used for humanitarian and non-sanctioned purposes, and any transfer must be approved by the US Treasury Department," she said.
DINARLAND UPDATE, 7 AUGUST
MilitiaMan (KTFA)
Article quote:
“…new decisions will be issued next week that may contribute to lowing the price of the dollar.”
Okay, they have a new package. We’ve had probably…three packages so far that the central bank has talked about. Is this the 4th package? It surely looks like it is. Is this the final phase they’re going to be in? It sounds like it…Basically, there are decisions that…will be issued next week. They decided on something…could be as early as Sunday, that will contribute to lowing the price of the dollar to the exchange rate of the dinar.
The Central Securities Deposit System has a time frame on it that’s going to start as early as, as they say specifically on the CBI’s website…August 7th…All banks in the country were notified 14 days days prior to the first of August to be set up and ready to go on this new system and they have until implementation day. Their words not mine – August 7, 2023.
What this could mean is that that sets the stage for them to be able to have the ability to funnel money into the Iraqi Stock Exchange from international circumstances…That’s really really big because going international, the amount of money that will flow through their stock exchange is going to probably be astronomical. It’s going to be good for them…Iraqi citizens…investors…you and I. It’s a powerful thing. Take it seriously. It’s coming to us now.
I’m gonna disagree with you [Guru Pimpy] when you say the budget doesn’t need a new exchange rate because Iraq has been living for 20 years with a bad exchange rate and it didn’t bother us. No, it bothered us a lot and things are very very expensive …Why we need a new exchange rate? First for purchasing power. Second when we travel a lot especially for work or even for pleasure…If I want to come over here [The US] on vacation I can’t. If I want to go to Europe…Australia… Canada I can’t.
Forget anywhere in the world. Even Africa I can’t because when I take 2 million or 3 million dinars if you…have a family like me…15 day or even a week that’s not enough…Before 2003 when Saddam was alive a minimum paycheck used to be $3,000…which is 1000 dinars. With 1000 dinar you can do a lot of things…I can bring in my family for a week…Iraq needs an exchange rate. Need their money to go back at least 1 to 1. 1 to 1 would be very fair. 3 to 1, 2 to 1 would be better. But for now 1 to 1.
The bad guys…they took 5000 families, they moved them from where they lived, closer to Baghdad so they could open bank accounts. They paid them $200 to take over the bank account so they could smuggle American dollar out of Iraq through Iraqi banks…You’d think that would be the end of the stealing. Yah! We caught everybody that’s stealing. No. This is just the tip. This is why we don’t see the monetary reform and new exchange rate moving forward just yet. These things have to be taken care of and Sudani and Alaq are doing fantastic…
[via WiserNow]
The latest information I have so far…is pointing toward Monday or Tuesday for notifications and Tuesday, Wednesday… for our exchanges… rates are changing at the banks every day with new rates with the trading that’s going on globally. I think things are happening…We’re looking forward to being notified…
COUNTRIES THAT ARE IN THE BRICS ALLIANCE, 7 AUGUST
Update 30 June 2023: The BRICS Alliance currently includes Brazil, Russia, India, China and South Africa.
Candidate Countries that want to join the Alliance or already joined:
Afghanistan,
Algeria,
Argentina,
Azerbaijan,
Bahrain,
Bangladesh,
Belarus,
Bolivia,
Brunei,
Cambodia,
Chile,
Costa Rica,
Cuba,
Egypt,
El Salvador,
Ecuador,
Germany,
Ghana,
Guatemala,
Honduras,
Indonesia,
Iraq,
Iran,
Kazakhstan,
Laos,
Malaysia,
Mongolia,
Myanmar,
Nicaragua,
Nigeria,
North Korea,
Pakistan,
Panama,
Peru,
Phillipines,
Saudi Arabia,
Senegal,
Singapore,
Sri Lanka,
Sudan,
Syria,
Tajikistan,
Texas and another 19 Federal States
Thailand,
Tunisia,
Türkiye,
Turkmenistan,
United Arab Emirates,
United Kingdom,
Uruguay,
Uzbekistan,
Venezuela,
Vietnam,
Zimbabwe,
Two unnamed countries from East Africa, and one from West Africa.
JUDY NOTE, 7 AUGUST
Judy Note:
So, what’s next in their strategy?
Well, they have already set us up for Global Food Shortages, along with the biggest Financial Collapse in history. Such would devastate the World’s economy – if not for the BRICS Alliance’s Global Currency Revaluation that kicked off way last Tues. 1 August 2023.
BRICS’ original five members – Brazil, Russia, India, China and South Africa – were due to convene in Johannesburg on Aug. 22-24. A potential expansion will be high on the agenda according to Kremlin spokesman Dmitry Peskov. Among those US states reported to have already joined BRICS was Texas, plus another 19 Federal States.
WARNING: There were reports that some were asking you to hand over your foreign currencies and/or Zim Bonds to them saying they would exchange or redeem them for you. DO NOT give in to this scam. Only the purchaser of the currency or bond can legally exchange or redeem that currency or bond at a Redemption Center for the higher rates. Exceptions were that if you had given someone currency or bonds, along with a notarized gift letter saying you did so, or if you gave someone Power of Attorney over your affairs. The bottom line: If someone tried to turn in your currency or bonds without your authorization, they could be arrested.
Global Currency Revaluation:
- Sat. 5 Aug. Financial Update, Charlie Ward: “We are coming into the biggest financial collapse you have ever seen. The bad guys want to usher in a New World Order One World Government World Economic Forum. They wish to collapse the World’s economy. This has been planned for a long time. It’s time to wake up. If they win they will completely control you.”
- The Federal Reserve is technically bankrupt. In 2023 the Fed will post it’s first annual operating loss since 1915 – $80 Billion, with a negative capital of $38 Billion. This loss does not count the 1.3 trillion unrealized loss on it’s portfolio.
- All BRICS Nations (Brazil, Russia, India, China, South Africa – plus 104 others) were releasing from the fiat US Dollar and no longer accepting it for international trade.
- The Iraqi Parliament was in receipt of their budget with the new Iraqi Dinar Rate in it.
- On Wed. 9 Aug. the new Iraqi Dinar Rate was expected to be revalued at a 1:1 with the USD and then begin trading up on the Forex – after that it cannot go down in value.
- It was said that the next day after the Dinar revalued on Thurs. 10 Aug. a “major figure will leave the stage.” Perhaps our Brainless Traitor Biden?
- Last Fri. 4 Aug. the BRICS nations set a Back Wall for the RV at Sat. 12 Aug.
- On the Banking side, Bank of America was closing US branches in August. Banks had until Sun. 6 Aug. to synch up with the Central Bank of Iraq and it’s new Iraqi Dinar Rate; Wells Fargo customers were reporting that their deposits were disappearing from their accounts, plus on Mon. 7 Aug. the World’s largest bank, the United Bank of Switzerland (American Group), has announced they were making sweeping changes and restructuring the bank.
- Fri. 4 Aug. Wolverine: “The head of the Humanitarian financial instruments in Colombia just announced that all protocols are ready and that letter of exit to release the funds are ready and to thank everyone for this incredible blessing.”
- Fri. 4 Aug. TNT Call: The banks are saying the RV could start at any time. FedNow was activated on Thurs. 3 Aug. Iraq is saying the budget instructions will be made public in the next 10 days, which could mean any time. The back wall is the 12th. It was agreed to be done by then.
- Bearded Patriot confirmed that the first wave of liquidity started on Tues. 1 Aug.
- MarkZ said that a number of very connected people to the RV had to be in place by Fri. 4 Aug. and on that Fri. 4 Aug. he again said, “A lot of people are traveling today.” He had received mixed reports of this going Sat. 5 Aug, Tues. 8 Aug. or Wed. 9 Aug.
- On Sun. 30 July Russian President Vladimir Putin announced the Global Currency Reset and on Mon. 31 July, signed a digital ruble bill into law, approving the use of its central bank digital currency for payments starting from Aug. 1, 2023.
- The BRICS Alliance has finally abandoned the USD for a global trade settlement – Cryptopolitan. The line has been drawn in the sand and BRICS nations have made a stand that could shake the global financial landscape. https://www.cryptopolitan.com/brics-abandons-usd-global-trade-settlement/
Sat. 5 Aug. Rumtel Update:
- CBI has the budget. Banks have until Sunday to “synch up” with the Central Bank of Iraq.
- Action on Sunday will drive the Dinar rate DOWN to 1,300 to 1 US Dollar. This will match the rate on the street and the budget.
- CBI will then “revalue” to 1,000 to 1. Target date is Wednesday.
- CBI will then “drop the 3 zeros” to 1-$1 with the US dollar, at which point the Dinar will be tradable and “floating” on the Forex. It will NOT float down.
- Political hurdles have been cleared.
- “Health crisis” of a major figure was an assassination attempt. Failed.
- No moves left.
- First major figure to “leave the stage” on Thursday 10 Aug.
- This is the plan as of today Sat. 5 Aug, as I understand it from separate sources. We’ll see. All we can do is wait and hope that events unfold along these lines. Enjoy your weekend. Watch some sports and pray this in.
TNT CandyKisses: The Iraqi Parliamentary Finance Committee stated on Sat. 5 Aug. that the Iraqi budget (that contained the new Iraqi Dinar Rate) would be implemented sometime this week. Clare: And finally – 50 days after its approval, the budget enters into force.
Sat. 5 Aug. Bearded Patriot
- We have good news and not so good news. I will start with the “Not so good news”
- The Iraqis have decided NOT to publish the new rate into the Gazette this Saturday. In order for me to explain why….I will be crossing the line of agreement of information (even though you have the right to know). So, I won’t be able to explain why in detail to you. Please try to understand.
- There’s a definite and final BACKWALL that was established by all participating countries. This slight delay will help some countries that were not ready for the RV, therefore giving them the time to complete their efforts so they too will be a part of this RV.
- THE GOOD NEWS is that due to the slight delay, this will allow other countries, including but not limited to Iraq, Dong, Dinar and all other participating countries for their currency values to “INCREASE” before we move forward.
- I can tell you that this will be completed before the end of August.
- Please forgive me for missing this date of RV. ALL SIGNS, INDICATIONS AND COMMUNICATIONS were there and I had so much confidence that it was happening. LET ME BE VERY CLEAR, there was NEVER EVER ANY INTENTION OR PURPOSEFUL MISDIRECTION TAKEN ON MY PART TO HURT OR HARM ANYONE AT ANYTIME REGARDING THE TIMING OF THIS EVENT. (I can just hear the trolls already!)
- Although this is a set back….it’s not the end by far. We will still have the RV, it will be just a couple of weeks from now.
Timeline:
- On Tues. 1 Aug. the first wave of liquidity started. …Bearded Patriot
- On Thurs. 3 Aug. evening FedNow was activated as the EBS merged with the Global Financial System.
- On Fri. 4 Aug. a number of very connected people had to be in place. …MarkZ
- Sun. 6 Aug. Banks have until Sunday to “synch up” with the Central Bank of Iraq. Action on Sunday will drive the Dinar rate DOWN to 1,300 to 1 US Dollar. This will match the rate on the street and the budget.
- Mon. 7 Aug. United Bank of Switzerland American Group is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday – they are restructuring the bank. https://www.reuters.com/business/finance/ubs-nears-major-investment-bank-restructuring-sources-2023-08-04/
- NESARA/GESARA was said set to be announced sometime between Tues. 8 Aug. and Tues. 15 Aug.
- Wed. 9 Aug. CBI will revalue the Iraqi Dinar to 1,000 to 1. The CBI will then “drop the 3 zeros” to 1-$1 with the US dollar, at which point the Dinar will be tradable and “floating” on the Forex. It will NOT float down.
- Thurs. 10 Aug. “First major figure to “leave the stage.”
- Sat. 12 Aug. drop dead deadline for the RV as decided last Fri. by BRICS nations.
- On Aug. 22-24 BRICS’ original five members – Brazil, Russia, India, China and South Africa – were due to convene in Johannesburg and formally announce the Global Currency Reset during their Summit meetings.
RV UPDATED BY TEXAS SNAKE, 22 NOV
Texas Snake Banker will call me Sunday morning to confirm on Sunday morning but at this point in time, he has all his exchange specialis...
-
Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...