Iraq’s Central Bank Urged to Cease Dollar Sales and Rely on Black Market for Stability, 7 OCT

 Iraq’s Central Bank Urged to Cease Dollar Sales and Rely on Black Market for Stability, 7 OCT

An economic expert in Iraq has urged the Central Bank of Iraq (CBI) to adopt a radical new approach to achieve market stability. The expert recommends that the CBI cease selling dollars in exchange for the national currency, instead suggesting that the bank should leave it to the black market to stabilize the currency. This controversial proposal has sparked significant debate in economic circles.

Counteracting Currency Smuggling

The expert’s recommendation hinges on the belief that currency smuggling is a direct result of the central bank’s current practices. He argues that the dollars injected by the CBI into the market do not benefit Iraqi citizens, leading to the smuggling of currency. By leaving the issue to the black market, the theory is that the exchange rate may stabilize naturally without the need for government intervention. While this approach is unorthodox, it reflects the dire economic conditions in Iraq and the need for innovative solutions.

A Coordinated Effort

The expert indicates that the decision to halt the injection of dollars into the market from the beginning of next year is a coordinated effort with the International Monetary Fund (IMF) and the US Treasury. This action is intended to prevent the US dollar from reaching Iran and Turkey, thereby curbing the influence of these countries in the region. The central bank and other banks will be expected to exchange foreign currencies at the government-set rate to maintain some level of control over the exchange rate.

The Future of Iraq’s Economy

The exchange rate of the US dollar against the Iraqi dinar closed at 158,500 dinars in the Sulaymaniyah stock exchange, a rate that is reflective of Iraq’s struggling economy. If the CBI does adopt the black market approach, it will be a significant shift in the country’s economic policy. The response from the international community and the impact on Iraq’s economy are uncertain, but the proposal is indicative of a growing desire for drastic change to address the economic issues in the country.

https://bnn.network/finance-nav/inflation/iraqs-central-bank-urged-to-cease-dollar-sales-and-rely-on-black-market-for-stability/

Weekend News with MarkZ 10/07/2023

Weekend News with MarkZ 

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

CBD Gurus are for the first 30 minutes…then Mark with the news. 

MZ: Very quiet overnight on the RV side…..but, great expectations for this weekend or the first part of this week. 

MZ: My redemption center folks are on call this weekend. They are not at work….they are “on call” 

MZ: Last week I told you all that I know a number of bankers not involved in the redemption process put on “stand by” for imminent currency value changes. I thought this was huge news.

MZ: No news on CMKX, Prosperity Packages or deliveries. Mr. C has not been paid yet…

MZ: It's inevitable that we are going to see a reset…..But, remember- nobody knows the exact date and time the reset will happen. 

MZ: “ $17,400,000,000 in US Treasuries dumped by BRICS nations China, Brazil and Saudi Arabia in one month”  That’s 17 billion 400 million in US treasuries just dumped.  Andy Scectman told us this would happen. People are dropping them…the money is running back to the US and inflation will keep rising……this is part of the global crisis going on

MZ: “BRICS –Putin calls on alliance to reform global finance” He is reference payments systems to compete with the SWIFT as they work in their own personal currencies. Instead of all using the US currency like they do now…..This is all part of the reset going on. . 

Member: Mar 31, 2023 — Depositors drained another $126 billion from U.S. banks during the week ending March 22, according to new Federal Reserve data.

Member: Traveling back to Puerto Rico tomorrow….See everyone for coffee Monday Morning. 

MZ: My bank crew is sure ramped up and expecting something big this week. 

Mod:   HAVE GREAT WEEKEND AND SEE YOU AT 10:00 AM EST. MONDAY!!

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

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND !  SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

"RV UPDATE" BY WOLVERINE, 7 OCT

 Bearded_PatriotUSA

Telegram post 
10/6/23

Forwarded From Wolverine:

Been told to keep your eyes on your emails as notifications are coming out this weekend. This all starts out in a few days.

God bless you all.

Wolverine

https://t.me/Bearded_PatriotsUSA/3731

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 7 OCT

 Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: They are saying within two weeks it will be the first step of the electronic transfer formation.

FRANK:  In two weeks they told Iraqi citizens they will be the first step of the electronic transfer formation?  Which started on the 28th of last month?  So what are your intentions in two weeks CBI? What are you sending across your border internationally? 

It [the dinar] will be introduced internationally. I don’t care if it stays at 1132 as long as it’s international.  What is that definition?  Restrictions free…The next step of the Iraqi dinar should be coming out… International equals a new exchange rate. 

JUDY NOTES, 7 OCT

 Judy Note: It was believed that the Twelve Days of Exposure that led into the Ten Days of Darkness began on Wed. 4 Oct. with the so-called “Test” of the Emergency Broadcast System that was said to actually be a switch over to the new Star Link Satellite System.

• Iraq was expected to reveal their new Dinar Rate on Sat. 7 Oct, while Tier 4b (Us, the Internet Group) could likely start exchange/redemption appointments on Mon. 9 Oct.
• Ben Fulford: Assuming a 1:1 value ratio, the chances of gold and silver exceeding $1000/oz is 100%.

Global Currency Reset:

• On Tues. Oct.  for twelve hours US Treasury representatives went to Redemption Centers and entered codes for each nation’s currency. Pings came back that the code was valid, meaning the Redemption Center could receive currency from each nation in exchange for the US Note. In the last 24 hours Tier 4A started preparing and paying Tier 4 groups.
• On Wed. 4 Oct Iraq was welcomed to the World Trade Organization with a fully reinstated Iraqi Dinar international traded currency.
• Thurs. 5 Oct. Wolverine: “Shelton said on his call that the 10 days of darkness and 12 days of disclosures would start after an Event (EBS Test?) on Wed. 4 Oct. On Thurs. 6 Oct. I got a call. Everything has really begun. Isaac has spoken to someone and he says it’s looks like it’s going to happen. All the leaders of the Tier 1 platform have been funded and by next week all members will be paid and it will be fast.”
• Thurs. 5 Oct. Tony said he has a two hour window tonight, then laughed, and said he should have said the next 24 hours. Not every country is going at the same time. It’s their own choice. The rate won’t be on the Forex until the end of the weekend. Sounds like they’ll get their 72 hours of joy. Monday is a holiday, so that would be a good time for us to go. Iraqi Government salaries were being paid a month in advance effective Wed. 4 Oct.
• Thurs. 5 Oct. Bruce: “Bond Holders Tier 3 will get notification of liquidity over theweekend.Tier4b (Us, the Internet Group) will be notified either Sat. 7 Oct. or Monday afternoon 8 Oct. and will begin appointments either Mon.8 Oct. or Tues. 9 Oct.”
• On Fri. 6 Oct. the US Note will be fully in the system and available at the bank Fri.6 Oct. or Mon. 8 Oct.
• Fri 6 Oct. MarkZ: “A lot of my sources feel that Mon. 9 Oct. is our day…..A lot of them …actually they think our day is before that and Monday is when we start going to the bank!  They are all expecting big things this weekend ….More chatter on the Iraqi side of things with great expectations for the weekend. Most are looking late Saturday/early Sunday for something from Iraq. Some type of announcement? …Yesterday a number of Redemption Staff told me they are on “stand by” specifically for currency exchanges. …Iraq may go on Saturday. Probably what we would see are call centers working over the weekend to make our appointments…and appointments starting on  Monday. …that the most likely scenario.”
• Fri. 6 Oct. TNT Call: “The whole world will see the RV by Sunday (8 Oct), however we could see it sooner.
• Central Bank of Iraq and Reuters announced: “Next Sunday (8 Oct.) will be a special day in all Iraqi banks, which could witness unprecedented overcrowding and crowding at cash withdrawal windows.” Iraqis were told in mosques: “A new Iraq will begin by Sunday (8 Oct.).”

Rumored Timeline

• Starting in October and continuing for three months Social Security benefits will be significantly higher, topping out at $5,200. In January regular benefits will continue, though still be a lot higher.
• Wolverine: “Shelton said on his call that the 10 days of darkness and 12 days of disclosures would start after an Event (the EBS Test Presidential message?) on Wed. 4 Oct.”
• By Tues. 10 Oct. the bulk of redemption appointments and exchanges were expected to be done.
• Wed. 11 Oct. was another possible EBS date, along with the removal of Biden and that would kick off a four month military action.
• The IMF and World Bank  will hold their last annual meeting on Sun. 15 Oct.
• Starting in the fourth week of October Restitution and Recreational Allowance will be paid out. The amount of monies paid back will be based on federal taxes paid since 1940s, interest on mortgages, bank loans, car loans and credit card interest – along with interest earned on those monies over the years. Those 60 and older will be paid in three equal monthly payments for Oct, Nov & Dec. Those 50-60 will get payments over the next 12 months and those younger will be paid out over 15 years, though they have to be employed in order to qualify.
• Wed. 1 Nov. was the goal to have Currency Exchanges and Zim Bond Redemptions completed.
• The Rodriguez Trust will administer “universal basic income” for citizens of all GESARA-compliant countries: the amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can. He said we need to help our friends and family understand that this will happen in the next 3 to 6 months.
• Starting 1 Jan. 2024 the fiat US Dollar will be worthless, all currencies across the Globe will be on par 1:1 with each other, Social Security benefits will be much higher and the SS R&R payments start on a monthly basis.

by judy

Iraq Under Pressure to RV?💣IQD & VND High Rate!?🤔Iraq Dinar RV Updates |...

A REMOTE AREA WITH INNUMERABLE REVENUES IN DOLLARS. CLOSURE OF THE “WELL OF GOLD” BETWEEN IRAQ AND IRAN, 7 OCT

 A REMOTE AREA WITH INNUMERABLE REVENUES IN DOLLARS. CLOSURE OF THE “WELL OF GOLD” BETWEEN IRAQ AND IRAN

(The goose that has been laying the golden eggs is nearly dead, now what? How do they find ways to continue their theft from Iraq?)

Can’t kick the same old can down the road anymore.

Now what?

Baghdad Today – Baghdad

For months, and perhaps for years, the Kursang area, which is close to the border strip between Iraq and Iran on the side of the city of Qazaniya, affiliated with Diyala Governorate, remained a puzzling mystery to many due to the interest in it from influential parties, even though it is a semi-remote area, but with the days it became clear that it is the hidden “well of gold.” The features of which were revealed by a bloody conflict.

An informed source said in an interview with “Baghdad Today” that, “Korsang is another file of border secrets, which is managed by influential parties in the smuggling file because of its location, geography, and proximity to the border road, which provides flexibility in transporting goods from Iran to Iraq, out of sight.”

He added, “A bloody conflict over the course of months revealed some of Kursunk’s secrets, especially with the fall of casualties, which shed light on it and prompted the security services to redeploy, forcefully control border security, and prevent any cases of smuggling.”

The observer for local affairs, Qasim Hadi, said that “Korsnik may have revealed the secrets of some influential parties that deal in smuggling in complete secrecy,” pointing out that “the Sudanese government is the one behind the decision to close Kursnik and end the smuggling file.”

The source confirms, “Smuggling in Diyala creates tycoons of money and power, especially since its revenues, according to what some say, amount to a ton of dollars per month, which means that we are facing countless amounts of money.”

He pointed out “the necessity of eliminating any illegal presence near the border strip, whether with Iran or Turkey, and considering it as a determinant of the country’s national security.”

On the other hand, former MP Furat Al-Tamimi acknowledged that “smuggling is a complex problem in Diyala, and the governorate always pays the bill because of its repercussions and crises, as it is an important corridor for smuggling convoys.”

He pointed out that “reconsidering the laws that punish smugglers is a necessity, with the importance of revealing all papers to public opinion and showing who is behind the black trade.”

In November 2022, an official source in Diyala reported that the Iranian side had completed the first steps to inaugurate a border crossing with Iraq, east of Diyala, which is the third crossing point for the governorate with the Iranian side after the Al-Mundhiriya and Mandali crossings, despite the Iraqi government’s refusal to inaugurate the crossing and begin its procedures so far.

The source said in press statements at the time that the Iranian side had established a yard and caravans parks east of the Qazaniya district, 113 km east of Baqubah, near the Kursang port, which was scheduled to be established as a third port for Diyala with Iran, but the Council of Ministers had not approved its establishment or any other steps so far, despite the discoveries it had conducted. Specialized teams from Diyala and Baghdad.

The source revealed the existence of illegal smuggling and commercial exchange operations despite not being confirmed by the competent official authorities in Iraq, which caused conflicts between influential groups and parties that dominate the border crossings in Diyala without revealing the names of those groups and parties.

He stated that the disputes that occurred in areas close to the Kursunk port were disputes between groups that dominated the trade exchange without revealing their identity, which caused the death of 3 people and the injury of two others, most of whom were residents of the Qazaniya district.

(Did you say that the Iranian side had completed the first steps to inaugurate a border crossing with Iraq? Oh…amazing. Guess the US is not alone in our border crisis….. Who is orchestrating these border crises? )

BY DINAR IRAQ & DONG VIETNAM