Saturday, August 24, 2024
DINAR REVALUATION UPDATE : INSIGHTS OF NEW PROGRESS IN IRAQ, 24 AUGUST
Iraq's Banking Sector and Private Sector Reforms: Updates and Negotiations
In the latest developments, Iraq and the United States have resumed negotiations on Iraq's banking sector as of August 24, 2024.
These talks, which began on Monday, are aimed at addressing issues related to financial regulation, anti-money laundering measures, and the overall stability of Iraq's financial system. The discussions come on the heels of Iraq's first three-year budget implementation, which included a significant fiscal expansion starting in 2023.
Banking Sector Challenges and Reforms
Corruption and Regulatory Measures
Corruption in Iraq's banking system has been a persistent issue, despite ongoing efforts to reform and strengthen the sector. In response, the Iraqi government has taken decisive action, banning eight local commercial banks from engaging in U.S. dollar transactions to reduce fraud and money laundering. These measures are part of a wider crackdown on illegal currency activities, particularly in relation to neighboring Iran.
Talks with the U.S. Treasury
Iraq is currently in talks with the U.S. Treasury regarding banking and dollar restrictions. The discussions focus on protecting the Iraqi financial system from abuse, which could lead to greater international connectivity for legitimate Iraqi banks through correspondent banking relationships.
Economic and Political Context
Iraq's economic and political landscape is complex, with the country's stability undermined by non-democratic forces and powerful elites. The private sector and foreign direct investments remain weak, hampered by political dynamics and corruption.
Private Sector Reforms
Over the next six months, Iraq is expected to focus on reforming its private sector. The goal is to advance economic diversification, achieve sustainable growth, and promote private sector-led development. These reforms are crucial for enhancing export capacity, particularly in agricultural items, and for overcoming the challenges posed by widespread corruption and lack of basic services.
Global Financial Architecture Reforms
In the broader context, reforms aimed at modernizing the global financial architecture are also underway. These reforms address issues such as global economic governance, climate and development financing, sovereign debt restructuring, global tax architecture, and the global financial safety net.
Conclusion
The ongoing negotiations between Iraq and the U.S. on banking sector reforms and the planned private sector reforms over the next six months are pivotal for Iraq's economic future. Addressing corruption, enhancing financial stability, and promoting sustainable growth are critical challenges that Iraq must overcome to achieve long-term economic prosperity.
DINAR REVALUATION UPDATE : Iraqi Dinar's Potential for Gold and Silver Conversion in Forex Trading, 24 AUGUST
Iraqi Dinar's Potential for Gold and Silver Conversion in Forex Trading
As of August 24, 2024, the Iraqi Dinar (IQD) has been a topic of interest in Forex markets, particularly in relation to its potential for conversion into precious metals like gold and silver.
Forex Market and the Iraqi Dinar
The Forex market, being the largest financial market globally, offers opportunities for trading various currencies against each other. The Iraqi Dinar, with its unique dynamics and economic factors, has attracted attention from traders and investors looking to convert it into precious metals.
Gold and Silver as Safe Haven Assets
Gold and silver are often considered safe haven assets, especially during economic uncertainties. Converting the Iraqi Dinar into these precious metals can potentially serve as a hedge against inflation and geopolitical risks.
Conversion Rates and Market Trends
The conversion rates between the Iraqi Dinar and gold or silver fluctuate based on market trends and economic indicators. As of August 24, 2024, the Forex market reflects these changes, offering opportunities for investors to convert IQD into gold or silver.
Impact of Economic Policies
The dual exchange rate system in Iraq, influenced by excessive demand for US dollars internationally, has had implications on the Iraqi Dinar's value and its conversion into precious metals. Economic policies and market conditions play a crucial role in determining the dinar's strength and attractiveness for conversion.
Trading Strategies and Considerations
For those interested in converting the Iraqi Dinar into gold or silver through Forex trading, it's essential to monitor market trends, understand the economic factors affecting exchange rates, and develop a strategic approach to trading.
"ONCE THE IQD IS ON THE FOREX ANYONE WILL BE ABLE TO CONVERT INTO GOLD & SILVER" BY CJ VIA TWITTER, 24 AUGUST
CJ
I Guess This Is The End: The Fall of Baal
Info came out via Militia-Man & Crew that confirm what I shared with you all about Texas when redeeming currency for precious metals that once the Iraqi Dinar is on the Forex anyone will be able to convert into Gold & Silver.
Do you all know how monumental this is? Remember the 43 states that pass bills to make metals legal tender? This means your money will be 100% tax-free. This means that if you purchase property with gold mortgage, taxes, liens, etc, it will not be a factor in any capacity.
Why do you think bankers fear Basel 3. Remember what the MBA stated a few days ago? That the entire model of real estate will change because of B-3.
"The Mortgage Bankers Association (MBA) has voiced strong opposition to the Basel capital rule changes, pointing out seven key areas that could affect major banks and regional banks, lenders, servicers, and borrowers within the housing finance ecosystem. Here's a closer look at these crucial concerns". End quote.
Basel 3 empowers the citizens. Not the banking industry. This is why they are now trying to double down on the Dodd Frank Act. Which allows the bank to legally confiscate your money making them impervious to lawsuits. You all have to understand. In the 1970s boomers bought houses for 10k-20k.
Now do you all see why bankers were crying to Congress about Basel 3 on Capitol Hill a couple of months ago?
The days of writing up mortgages with intrest rates that only exist on a computer screen with nothing in the bank vaults to support the contract written out home buyers that agree to honor that over decades on a monthly basis.
Not knowing they financially entrapped themselves by signing off on a document that allows the bank to seize or confiscate your property due to delinquency in payments for money they never physically possessed themselves to underwrite a contract based on nothing but a promise and not assets are over.
google.com/amp/s/www.bnnb…
Weekend News with MarkZ. 08/24/2024
Weekend News With MarkZ
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
GOOD MORNING ALL! HAPPY SATURDAY! THE CBD GURUS KICK OFF THE FIRST 45 MINS AND MARK GIVES HIS NEWS UPDATE AT 10:30 AM
Member: Good morning @MarkZ , and all the mods and the rest of the community.
Member: You think we’re going to ever cross this finish line before September ?
MZ: As far as RV related news – there is a lot of expectations in Iraq for this weekend. But no huge movement yet. We are waiting to get some news.
MZ: Iraqi contacts are pretty hopeful they can force a dinar value change to reduce the use of US dollars . A lot of hopeful talk …and most are looking for a change on Sunday. That’s only a day away so guess we will soon find out.
Member: Many feel that Saturday night is the best night to change rates….all the banks worldwide are closed for a short time on Saturday nights. Just sayin……
MZ: We are hearing that they are off “stuck” and have moved past the initial round of bond stuff and they are starting to prepare (in mass) the folks with German bonds. I am 100% certain that is what they are going to start processing next. Hopefully also releasing the money that goes with it. I started getting this news last night.
MZ: We are hearing money is moving fairly quickly…but we have heard that before.
Member: What are some of the milestones or markers you are still looking for before our notifications Mark?
MZ: For me- I think we need to see more farm claims and settlements paid. And past Farm claims into CMKX and fines and Penalties. This is some of the milestones we should be able to see in the coming days…I would think….
MZ: Iraq is not the only monkey in the game….They are just the easiest to track….. . But we also track bonds and F&Ps…..also easy to track. Iraq is not the only cog in the wheel. But they just need to release that new rate.
Member: If you sign an NDA will your podcasts stop?
MZ: If CMKX pays out and If a NDA kicks in….I may have to quit the podcasts for awhile….but, it would totally depend what it says…If its only an NDA on CMKX I would just not talk about it….ban all talk on it. My concern about discontinuing the podcasts for weeks…is the fear and uncertainty in our community. So I will do my level best to say on – even if it’s only to talk about the weather until we are allowed to talk about specific topics. .
Member: If you sign a currency exchange NDA…so will the rest of us I assume….so we will all just have to be quiet together.
Member: What is your gut saying?
MZ: Many people are thinking we have to wait until November of January for the RV. That is not what I am hearing from the banking side , the settlement side and the bond side. If Nesara holds any kind of truth…..why would we have to wait?
MZ: If whitehats are as powerful as they say they are….why would we have to wait until then….of course if they were that powerful why have they not already flipped the switch? I have a lot of conflicting beliefs on this one. But, I don’t believe we will be waiting that long.
Member: Is the US still holding up the RV and Iraq?
MZ: I don’t think so….I think the US is desperate for money….I think the ones fighting it are the Rothschild banks.
MZ: “ Powell Pivot is complete. Gold stocks, bitcoin and bonds surge as Fed chair says “Time has come for policy surge to adjust” At least 25 points to 50 basis points. …or ½ of a percentage is what they are talking about. It will be very important to get to a reset and sound money with these policies….I believe the next administration will reap the benefits of this.
MZ: MilitiaMan did a great breakdown on all the progress we have seen throughout the week…be sure to go watch, and share…..
MZ: I think things are setting up to be a heck of a chapter in this story.
Member: Goldilocks dropping several articles with dates in October for final rules and Regs for crypto and Foreign currency. Looks like we May have to wait until October???
Member: Lord, please release your biblical golden jubilee and bless this community to go out and be beautiful examples of your unconditional LOVE
Member: Have a very fantastic and blessed weekend all you fabulous looking people that I appreciate very much. See you all on Monday morning.
Member: God Bless everyone and I hope you all have a blessed weekend!
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.
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