CENTRAL BANK GOVERNOR: THE BANK IS PUTTING THE FINAL TOUCHES TO ITS LENDING STRATEGY, 11 OCT

 CENTRAL BANK GOVERNOR: THE BANK IS PUTTING THE FINAL TOUCHES TO ITS LENDING STRATEGY

Today, Monday, October 9, 2023, Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, chaired the thirtieth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Industry, Trade, Labor, and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank, and the Chairman of the National Investment Authority. Advisor to the Prime Minister for Legal Affairs.

The Council discussed the items on its agenda and took appropriate decisions regarding them. The Council hosted the Undersecretary of the Ministry of Agriculture and the Prime Minister’s Advisor, two members of the special committee to study the methods of support provided to the agricultural sector and the possibility of their sustainability in light of the water and financial situation, and to benefit from global experiences and modern methods of irrigation, agricultural mechanization, and support for strategic agricultural crops.

The Council also discussed the recommendations of the committee formed to support private banks in order to advance the work of these banks to be an important part of the Iraqi economy.

The Governor of the Central Bank indicated that the bank is putting the final touches to the lending strategy, and is continuing to implement decisions related to electronic payment.

Given the importance of the wastewater treatment unit project to preserve the environment, reduce pollution, and contribute to increasing the life of production machines and protecting them from damage, the Council decided to change the method of implementing this project to contribute to accelerating its completion.

(Why was this meeting so important? As we all should know if they are going to stop the currency auctions next year, then the banks will need alternative sources of generating revenues (banking products, loans, investments, etc). This meeting was an update and a kick start for this effort. Yes, the change from the dollar is going to be VERY painful but Iraq has to do it or we will not be exchanging our dinar. Get it? )

DINAR IRAQ & DONG VIETNAM

A LEADER IN THE FRAMEWORK: THE STRATEGIC AGREEMENT WITH WASHINGTON WILL BE CANCELED IMMEDIATELY AFTER ITS DIRECT INTERVENTION IN PALESTINE, 11 OCT

 A LEADER IN THE FRAMEWORK: THE STRATEGIC AGREEMENT WITH WASHINGTON WILL BE CANCELED IMMEDIATELY AFTER ITS DIRECT INTERVENTION IN PALESTINE

The leader of the coordination framework, Jabbar Odeh, confirmed on Tuesday that the cooperation agreement with Washington will be dropped immediately if it intervenes directly in supporting the Zionist entity.

Odeh told Al-Maalouma, saying, “What is happening in the Gaza Strip now can be described as a genocide of a revolutionary people who resist the occupation with determination and resolve. The Palestinian people are still offering dozens of martyrs every minute in the face of the deadly machines supported by the West.”

He added: “The security agreement with Washington will be canceled immediately if it directly supports the Zionist entity and sends soldiers to confront the Palestinian resistance. We will not remain idle if the use of American bases in Ain al-Assad or Harir to send weapons to the Zionist entity is confirmed.”

He stressed that “what is happening in the Gaza Strip now represents a revolution against the occupier, and Operation Al-Aqsa Flood demonstrates once again that the choice of resistance is the one that expresses the will of the Palestinian people, and that the forces of normalization will be pushed into the trash can of the region’s history along with its Arab rulers and others.”

It is noteworthy that the Gaza Strip is witnessing violent bombardment by Zionist occupation aircraft, resulting in the death of hundreds of martyrs during the past three days.

(Please tell me now that politics has nothing to do with the RV….. of course it does.)

Pimpy is right BY NADER FROM MID EAST

"RV UPDATE" BY PIMPY, 11 OCT

 Pimpy 

 We know nothing is going to happen in the year 2023 but there's a good outlook so far for the year 2024 when it comes to Iraqi dinar.

Article quote: "The adoption of new measures to implement the US conditions to prevent the smuggling of dollars, the direct devaluation of the Iraqi dinars. "  The more this happens the less valuable the Iraqi dinar is.  We don't want that to happen.  The quicker Iraq can get into just using Iraqi dinars, de-dollerize, un-peg, start doing business with foreign countries find a way to ascend within the World Trade Organization I think they'll be better off.  I have a feeling those of us who are holding on to to Iraqi dinar are going to be beyond pleasantly surprised within the next two or three years.

 Article: "Putin: Sudanese visit to Moscow will be fruitful and come at the right time"  I bet it will but this also could be why it is that the Biden Administration is putting a clamp down on Iraq with US dollars...

Al-Sudani discusses with Putin the use of the dinar and the ruble in transactions between the two countries, 11 OCT

 Al-Sudani discusses with Putin the use of the dinar and the ruble in transactions between the two countries

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, the discussion of the use of local currencies in commercial transactions between Iraq and Russia, during his meeting with President Vladimir Putin.

Al-Sudani said in a statement reported by the "Russia Today" website that he "discussed with Russian President Vladimir Putin a wide range of economic issues, including the use of the Iraqi dinar and the Russian ruble in commercial transactions between the two countries."

Al-Sudani pointed out that "Iraq is in the process of studying a project to open an Iraqi cultural center in the Russian capital, Moscow, based on the deep historical relations that bind the two countries, which will reach the eightieth year next year since the establishment of diplomatic relations between Moscow and Baghdad."

Prime Minister Muhammad Shiaa Al-Sudani stressed today, Wednesday, that the government is continuing to implement economic, administrative and service reforms, noting the importance of the Iraqi competencies contributing to building Iraq and achieving the desired progress. link

EVENING UPDATE BY MARKZ ( SPANISH), 11 OCT

 Martes 10 Octubre 2023

Noche

Mark Zee : Dice

Miembro: Buenas noches de martes a todos.

Miembro: Seguro que parece tranquilo en Dinarland en lo que va de semana... oren para que sea la calma antes de la tormenta de vehículos recreativos.

Miembro: El Primer Ministro de Irak Sudani está hoy con Putin en Rusia... ¿tal vez eso sea significativo?

Miembro: Esperando que Mark tenga noticias sobre vehículos recreativos esta noche... no solo noticias mundiales horribles.

MZ: Hoy tenemos gente de la ONU en Irak . “El Consejo de Seguridad de la ONU discutirá Irak: presupuesto, seguridad y derechos humanos en la agenda” Nos están diciendo qué tan bien fueron las discusiones. Dicen que Irak está haciendo grandes progresos.

Miembro: ¿Cómo puede tener lugar una RV o Nesara durante la guerra?

MZ: Siempre nos dijeron que la paz estallaría repentinamente en todas partes cuando ocurriera. Mantén la calma durante toda esta locura que está sucediendo.

Miembro: Estoy bastante seguro de que el dinar iraquí puede reevaluarse sin NESARA/GESARA y puede funcionar solo.

Miembro: ¿Tal vez este sea el evento Back Swan que nos dijeron que sucedería?

Miembro: Creo que Estados Unidos está retrasando el proceso.

MZ: Creo que lo eran… no creo que lo sean ahora. Creo que lo necesitan desesperadamente ahora.

Miembro: Mire de esta manera... OMC No se menciona... el presupuesto no está abierto para financiamiento..., ¿puede verlo... ambos se centran en un CAMBIO DE TASA...!!!!!!

Miembro: Pimpy dijo esta noche que la RESERVA FEDERAL de EE.UU. todavía tiene el control del dinero iraquí. En otras palabras, todavía hay sanciones a su moneda ( DINAR ).

Miembro: Nader dijo que Pimpy tiene razón.

Miembro: Dijo que el momento depende de Estados Unidos.

MZ: Esas son buenas noticias... ¿adivina qué necesita desesperadamente Estados Unidos en este momento para lograr estabilidad? Necesitan Irak para RV.

Miembro: Pensé que queríamos que la camarilla y el sistema fiduciario colapsaran... si Estados Unidos necesita el RV para la estabilidad... parece que todavía usaremos el sistema fiduciario... no son buenas noticias en mi opinión.

Miembro: Con una buena nota, TNT Tony dice jueves o viernes.

Miembro: ¿Sabe algo sobre los paquetes Omega Prosperity?

MZ: Se supone que va al mismo tiempo que el RV... y han estado actualizando las multas y sanciones asociadas con Heritage, Omega y todos los diferentes programas de Prosperidad dos veces al mes. Están preparados para partir.

MZ: Hoy no hay noticias sobre los bonos. Podría ser porque estaba de viaje. Te avisaré por la mañana si escucho algo.

Miembro: Creo que esto va a ser un caso de: ¡Mira hacia allá! Date prisa y espera... ¡y vete!

Miembro: Kim Clements dijo que sería RV cuando crees que no podría empeorar

Miembro: ¡Espero y rezo para que esto suceda pronto, como muchos!

Miembro: Mark- Después de una buena noche de descanso, espero que vuelvas a tomar el avión

Miembro: Gran noche a todos…Gracias Mark…. gracias mods.

Coffee with MarkZ 10/11/2023