News, Rumors and Opinions Sunday Morning 2-26-2023
KTFA:
Clare: Association of Iraqi Banks: Dealing in the Chinese yuan may provide the possibility of reducing import costs
February 25, 2023
Advisor to the Association of Iraqi Private Banks, Safwan Qusay, confirmed that dealing in the Chinese yuan may provide the possibility of reducing import costs.
Qusai said that there is a possibility to reduce import costs in cooperation with Iraqi merchants and dealing in the Chinese yuan.
He pointed out that the US Federal Reserve raised the interest rate more than once during the current and past years, but the price of the Chinese yuan is fixed against the dollar, indicating that the official rate is 7.15 yuan per dollar, while the commercial rate is less than that, and it is preferable to Merchants buy the yuan at the official rate, and remittances allow them to obtain it at a higher price than the commercial rate.
KTFA:
Clare: Association of Iraqi Banks: Dealing in the Chinese yuan may provide the possibility of reducing import costs
February 25, 2023
Advisor to the Association of Iraqi Private Banks, Safwan Qusay, confirmed that dealing in the Chinese yuan may provide the possibility of reducing import costs.
Qusai said that there is a possibility to reduce import costs in cooperation with Iraqi merchants and dealing in the Chinese yuan.
He pointed out that the US Federal Reserve raised the interest rate more than once during the current and past years, but the price of the Chinese yuan is fixed against the dollar, indicating that the official rate is 7.15 yuan per dollar, while the commercial rate is less than that, and it is preferable to Merchants buy the yuan at the official rate, and remittances allow them to obtain it at a higher price than the commercial rate.
He added: It seems that the Central Bank realized the need of traders for foreign currency, not only the yuan, but also the euro, the dollar and the Japanese yen in a direct way, and in practice the performance of the dinar will improve when informal trade moves to regular trade.
And he went on to say that the next step is to switch to the system of receivable credits, where there is the possibility of releasing funds and transferring them before the arrival of goods to Iraq, which is a new window for not delaying the arrival of funds to suppliers, and thus burdening them with additional burdens.
He noted that the transfer of demand for the dollar from the parallel market to the official market by regulating trade and controlling border crossings will gradually allow controlling the exchange rate of the dollar in the parallel market, expressing his belief that approving the 2023 budget will allow this as well.
And he indicated that the value of the dollar is increasing globally due to the interest rate hike and the US Federal Reserve's attempt to control inflation, and the problem in Iraq is that we have a fixed exchange rate for it, as well as a fixed price for the yuan, while there are currencies that change instantly with the dollar.
He explained that the Central Bank will consider, after controlling the exchange rate of the dollar in the balance market, by linking the price of the dinar to the dollar immediately and not at fixed prices.
In the form of cash transfer, the advisor of the Association of Private Banks saw that it would reduce the difference between the provinces and the Kurdistan region, because when there is a demand for dollars in Baghdad, monetary masses move from Kurdistan and vice versa, and therefore the limits of disparity are relatively few, but the difficulty of the transfer leads to a gap. LINK
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Henig: Sudanese To The Delegations Participating In The 34th Conference Of The Inter-Parliamentary Union: Our Country Is Moving Strongly Towards An Independent Iraq
25/02/2023
The Prime Minister, Mohammed Shia Al-Sudani, hosted on Saturday the delegations participating in the 34th Conference of the Arab Inter-Parliamentary Union.
According to a statement by his media office and received by Earth News, al-Sudani held a dinner in honor of the delegations participating in the conference hosted by the capital, Baghdad.
Al-Sudani expressed his "welcome to the participating delegations," reiterating "Iraq's orientation towards concluding constructive long-term development partnerships with brothers, in order to face challenges, in a way that achieves the interests of all brotherly peoples."
"To the guests of the conference, our country has overcome the ordeal and is moving strongly towards an independent, stable, united and prosperous Iraq," the prime minister said. LINK
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Courtesy of Dinar Guru
Mnt Goat ...the Central Bank of Iraq launched the second package of reforms. In a remarkable statement, the Central Bank of Iraq announced, a plan to allow trade with China in Chinese yuan instead of dollars, in an apparent attempt to improve access to foreign currency and reduce dependence on the dollar. WOW! ...we can see this is good news and also bad news as it may lead to complications if the CBI does not manage it correctly. ...Would Iraq sell oil for Yuan? ...if Iraq did make this move this would certainly push them even more to reinstate the dinar as an international currency once again but only if the CBI can also control these new currencies. We just have to wait and watch. It won’t be long before we see what happens.
Militia Man It's been 20 years they've had this process going and now they're finally getting to that change. If we can't see it now we probably never will but at this stage of the game I'm a believer that they are telling us and they did tell us there's no going back. This process is underway.
Rafi Farber: Putin Advisor Talks Gold Ruble For Asian Trade
Arcadia Economics: 2-25-2023
The only way to get away from the dollar is to dig underneath it, right to the very base of the monetary pyramid itself.
No other currency can replace the dollar - but money itself can, that is gold and silver.
(Gold for the central banks, and silver for the public.) So writes Putin's economic advisor Sergey Glazyev in an article entitled "Gold Ruble 3.0", while quoting one of our favorite analysts, Zoltan Pozsar.
And speaking of Russia, palladium deliveries on the Comex start in just two business days, and 38% of palladium production comes from Russia.
Putin Just Revealed His Economic Plan To Defy The West!
Sean Foo: 2-25-2023
Putin just delivered his speech to the Federal Assembly and he made huge economic points we must analyze.
As the conflict rages on, a lot of investors are worried about how the global economy will evolve.
Will de-dollarization continue? Will Russia move more towards the East? Will they stockpile more gold?
Here's what you must know about Putin's plan.
Goldilocks, Nader and more.....Saturday 2-25-2023
Goldilocks and Seeds of Wisdom
Thank you R.J.:
R.J.: Good morning Dinar Recaps,
Goldilocks posted a commentary and link this morning:
Goldilocks: "His Excellency discussed ways of coordination and procedures between the Central Bank and the concerned agencies, and defining roles and tasks in light of the directives of the Commander-in-Chief of the Armed Forces."
"The transfer of cash (in dinars and dollars) and any other currencies is permitted inside Iraq for all natural and legal persons, including banks, exchange companies, mediation companies in the sale and purchase of foreign currency, and their branches in all governorates."
Iraq is beginning to coordinate procedural guidelines for the purposes of exchanging foreign currency denominated in US dollars, and now, other countries.
Goldilocks and Seeds of Wisdom
Thank you R.J.:
R.J.: Good morning Dinar Recaps,
Goldilocks posted a commentary and link this morning:
Goldilocks: "His Excellency discussed ways of coordination and procedures between the Central Bank and the concerned agencies, and defining roles and tasks in light of the directives of the Commander-in-Chief of the Armed Forces."
"The transfer of cash (in dinars and dollars) and any other currencies is permitted inside Iraq for all natural and legal persons, including banks, exchange companies, mediation companies in the sale and purchase of foreign currency, and their branches in all governorates."
Iraq is beginning to coordinate procedural guidelines for the purposes of exchanging foreign currency denominated in US dollars, and now, other countries.
This is truly a monumental period of time in Iraq's history as they begin to move towards rejoining the global economy inside a digital asset-based trading system.
This shift back into the global economy carries with it market risks across all sectors including Forex.
Stand Strong.
© Goldilocks
https://cbi.iq/news/view/2247
~~~~~~~~~~~
Goldilocks posted an article with commentary:
The SEC Proposes Regulation Best Execution
https://www.jdsupra.com/legalnews/the-sec-proposes-regulation-best-7325956/
"As proposed, Proposed Reg Best Ex consists of three rules: (1) Rule 1100, which sets forth “the best execution standard”; (2) Rule 1101, which requires policies and procedures; and (3) Rule 1102, which requires an annual report."
In the West, we now have a set of rules and guidelines over here for best execution of cross-border international trading such as foreign currencies.
These guidelines are for brokers and customers seeking to transact such services. It is for the purposes of "execution regulatory framework for brokers, dealers, government securities brokers, government securities dealers and municipal securities dealers."
As you can see, standards are being set inside a new Global gold-mandated Nation. As we have said before, a "gold standard" is far more than just changing the price of gold. It is changing the way we do business as well.
This is why March the 20th 2023 is such an important day in the history of humanity. It marks a change in the way that we do business and synchronizing global banking procedures in a way that will allow us to leave no one behind.
It is truly a gold standard of behavior that marks a sense of responsibility to enhance a better way of life for everyone.
© Goldilock
https://t.me/+YU9UrHLxFbszOTJh
https://www.seedsofwisdomteam.com/goldilocks
Thank you Dinar Recaps
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Courtesy of Dinar Guru
Frank26 What is the rate that they will leave their borders and be done with the internal float? 1 to 1. How long will it float externally into the markets in the currency reform? I don't know. 'I don't care.' Why? 'I only have a million dinar.' Oh. 'I care' Why? 'I have a lot of dinars.' For those of you that have a lot of dinars that are going to be paying attention to this next phase - It will be well managed and well controlled in the float...
Mnt Goat There is some amazing news and it falls directly in line of what we should be expecting at this point in time. We all should realize by now the IQD is no longer pegged to the dollar...When I reviewed the Dr. Shabibi 2011 plan of the process to reinstate the Iraqi dinar...that part of the process would be to de-peg for the dollar then watch for inflation...This period of adjusting for inflation could take a few days, weeks or even months...We must now settle down and relax while we watch the process play out.
ALERT! Silver Riggers Head for the Hills & the Silver "Roota Lives!" Coin is BACK!!
(Bix Weir) 2-25-2023
The COMEX March Delivery month for Silver is shaping up to be the smallest in a LONG, LONG time! It may not look like it right now but by Tuesday they will whittle it down from 88M oz down below 30M oz or even below 20M oz which would be a huge low for the usually popular March delivery month!
You can see them PANICKING to get OUT of their Silver Short Contracts!
WHY is this happening? THEY DON'T HAVE THE PHYSICAL SILVER!!
Economic Thoughts From Egon Von Greyerz and Chris Vermeulen 2-25-2023
Egon Von Greyerz: Can We Avoid WW3 In The Coming Global Economic Collapse?
Good as Gold Australia: 2-25-2023
In this latest in-depth discussion, Darryl and Brian Panes from As Good As Gold Australia interview the legendary, Egon Von Greyerz - Founder and Managing Director of Matterhorn Asset Management.
There has been in excess of 3,800 fiat currencies over the last 5000 years that have all gone to zero. Will the US dollar be next?
And how does the US let go of its dominance? And how does the world go from a fiat currency to a gold standard without a war taking place?
Egon Von Greyerz: Can We Avoid WW3 In The Coming Global Economic Collapse?
Good as Gold Australia: 2-25-2023
In this latest in-depth discussion, Darryl and Brian Panes from As Good As Gold Australia interview the legendary, Egon Von Greyerz - Founder and Managing Director of Matterhorn Asset Management.
There has been in excess of 3,800 fiat currencies over the last 5000 years that have all gone to zero. Will the US dollar be next?
And how does the US let go of its dominance? And how does the world go from a fiat currency to a gold standard without a war taking place?
Major changes are inevitable, as bankrupt governments plan to introduce new draconian laws including the restructuring of policies to gain greater control over super and pension plans, and increasing tax rates - all part of the plan to maintain greater control over our economic future.
Recently, at the Vancouver Resource Investment Conference, a Mr. Chen Lin gave a speech on where he thinks silver and solar panels growth will be. Presently, the new solar panels are using 75% more silver to have greater efficiency.
Is silver going to be the next Lithium and when will we see triple digit silver?
The Russian Finance Ministries "National Wealth Fund", published on February 10th, stated that the fund will only hold Chinese Yuan, physical Gold, and Rubels.
There will be no US dollars, Euros, or any other currencies in the fund.
The ratio will consist of 60% Yuan and 40% Gold, confirming the De-Dollarisation Policy is playing out. Gold is now starting to be used as money, especially between Russia and China. Who's next?
Central Banks bought 1,135 tonnes in 2024, representing 1/3 of all the gold mined in one year. Jim Sinclair has emphasised "Become your own central bank".
Now more than ever, it is vital to own both gold and silver in its physical form.
People Don't Understand How Bad It Could Get | Chris Vermeulen
Liberty and Finance: 2-24-2023
We're heading toward a severe stock market crash, says Chris Vermeulen, founder of The Technical Traders.
He sees that the stock market has been in a complacency period and a panic sell-off is ahead.
Gold and silver could fall significantly in the short-term while there is a stock market crash.
However, he is bullish for the long-term. Whether people will be able to acquire physical metal at those discounted prices is uncertain, he says.
INTERVIEW TIMELINE:
0:00 Intro
1:38 Stock market crash
8:35 Dollar rally
12:50 Gold & silver
16:10 Timing
17:39 Physical metal
19:40 Preparedness
"Tidbits From TNT" Saturday 2-25-2023
TNT:
Tishwash: Will the “Chinese Dragon” take over the Iraqi economy?
The Central Bank of Iraq organized the financing of Iraq's foreign trade with China directly in the Chinese Yuan currency. This step is the first of its kind after the package of measures that facilitate access to foreign currencies.
The bank also initiated, in a statement, to take urgent measures aimed at compensating for the dollar shortage in the local market, which prompted the Iraqi Council of Ministers to agree to re-evaluate the Iraqi dinar against the dollar during the current month.
TNT:
Tishwash: Will the “Chinese Dragon” take over the Iraqi economy?
The Central Bank of Iraq organized the financing of Iraq's foreign trade with China directly in the Chinese Yuan currency. This step is the first of its kind after the package of measures that facilitate access to foreign currencies.
The bank also initiated, in a statement, to take urgent measures aimed at compensating for the dollar shortage in the local market, which prompted the Iraqi Council of Ministers to agree to re-evaluate the Iraqi dinar against the dollar during the current month.
Strengthening bank balances
This step comes by the Central Bank to strengthen the balances of Iraqi banks that have accounts with Chinese banks in the yuan currency. The bank stated in the statement that the second option would be by strengthening the balances of Iraqi banks through the accounts of the central bank with JP Morgan Bank and the Development Bank in Singapore.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said that the first option depends on the reserves of the Central Bank of the yuan, while the other option will take advantage of the bank’s reserves in US dollars in the JP Morgan Bank and the Development Bank in Singapore, as it is scheduled that these banks will work to convert the dollar into Yuan and payment to the ultimate beneficiary in China.
Today, China is working to open up its financial markets gradually to raise the role of the Chinese yuan globally, in addition to the endeavor of some countries to diversify their dealings in foreign currencies.
The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said that this is the first time that imports from China are funded in yuan, and Iraq's imports from China are funded by dollars only
Gas exploration
Yesterday, Iraq signed contracts for exploration and development of oil and gas fields with three international energy companies, including two Chinese companies, in a number of provinces. The Chinese Geo-Gad company will supervise the exploration and development of oil and gas fields in Diyala Governorate and Maysan Governorate in the south of the country, while the Chinese United Energy Group Ltd. will explore and develop an oil and gas field in Basra Governorate, at a time when the Emirates-based Crescent Petroleum Company signed contracts. Exploration and development of three oil and gas fields in the provinces of Diyala and Basra as well.
armed attack
Last Monday, a number of tribal militants in Dhi Qar governorate launched an armed attack on the Chinese company that implements Nasiriyah airport in southern Iraq. Sources said that the Police Command and the Operations Command were inquired about the shooting incident at the Chinese company executing Nasiriyah International Airport.
The employees of the Chinese company, but there are no human losses, and the sources indicated that this matter occurs in the event of encroachment on the agricultural land belonging to the citizens without informing them before starting any project. limk
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Tishwash: Company.. keeping pace with the best electronic payment systems
Hajja Um Montaser goes to collect her monthly retirement pension from an office adjacent to their house, and she used to repeat the phrase “God bless you, Abu Key Card.” This matter did not come out of nowhere, but left behind great pain. She receives her salary, his answer is from the grievances of the bank that I used to see.
This is one of the thousands of cases that were finding it extremely difficult to receive the pension salary, which is one of the most important dues, but the presence of the International Smart Card Company represented for them the door of access from the long suffering that they never imagined would end with this happy ending that the salary would be at the head of the street.
Hajjah Umm Muntasir, at first, did not realize that her salary was in this small card “according to the owner of the port,” and she did not pay him the required attention, but when she saw the receiving mechanism, the situation changed and it was put in a folder and an important place.
Through this experience, it becomes clear to us the importance of electronic payment in Iraq, the role of the “K” company and its founder, and how he was able, through directives from the Central Bank, to transfer advanced technology and to have an active role in the process of developing financial performance in Iraq.
As we have mentioned on more than one occasion, Kei Company is working on adopting the best smart systems around the world and benefiting from them to provide advanced products that are characterized by ease in providing financial dues, and thus it is the first national company to provide world-class services and keep pace with the new that is taking place in the field of international electronic payment.
Al-Kinani pointed out that the company's teams are working closely on the reality of the development of payments around the world and benefiting from them locally, as the company realizes that the volume of work in Iraq needs advanced payment systems that contribute to providing modern payment requirements.
It is noteworthy that the family of the company includes more than 7 million beneficiaries in all regions of Iraq. link
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Tishwash: The collapse of the Iranian currency casts a shadow over the Iraqi economic, agricultural and health sectors
The historic collapse of the Iranian currency, recording 5 million per 100 dollars due to Western sanctions, raised questions about the impact of this collapse on the Iraqi market and economy.
Iraq is the first importer of Iranian goods and commodities, with about $17 billion annually, according to specialists. Bonbast data revealed, on Wednesday, that the Iranian currency fell to a record low against the US dollar, recording 501,300 riyals.
The price of the US dollar in the Iranian free (black) market is witnessing a record high, with the continuation of unrest and the increasing isolation of the country amid Western criticism of the strict security measures taken by Iran and its relations with Russia.
Export increase
Salam Sumaisem, an economist, says, "Iran is the first export to Iraq with a value of 17 billion dollars annually, and sometimes more, so the decline of its currency helps a lot to increase its exports, and a country like Iraq may increase its imports from Iran, and therefore this issue is in favor of the Iranian trade balance." .
Sumaisem explained to Shafaq News agency, "Some countries deliberately devalue their currency to increase their exports, and Iraq imports many things from Iran, as it feeds the Iraqi market with foodstuffs, plastics, building materials, ceramics, and other daily basic consumer items, and thus devaluing the currency works in the interest of export sovereignty for industry." Iranian agriculture.
And the Iranian Minister of Industry, Mines and Trade, Reza Fatemi Amin, announced on February 21 that the volume of his country’s exports of goods and commodities to Iraq increased by 23 percent during the first ten months of the Iranian year, which began on March 21, 2022.
Fatimi Amin said in a televised interview that Iran's exports have exceeded $50 billion so far, explaining that export is important to us for several reasons.
multiple economic effects
The impact of the collapse of the Iranian currency is not limited to the Iraqi economy in terms of industry and agriculture only, but also includes multiple aspects, foremost of which is the tourism aspect (religious, recreational, and therapeutic), according to the researcher in economic affairs, Ahmed Eid, noting, “The more the Iranian currency decreases, the higher it will rise.” The value of the hard currency, which is a factor of bringing in from abroad, as it happened in Lebanon and other countries.
Eid continues to Shafaq News agency, "The financial market is also open towards Iran, in addition to the entry of counterfeit Iraqi currency from Iran into Iraq and the withdrawal of hard currency and buying it from exchange shops in Baghdad and a number of provinces as well as in the Kurdistan region, which means that the Iraqi financial market is invaded by networks." Iran to withdraw hard currency from Iraq and smuggle it towards Iran illegally and legally.
The decline of the Iranian currency comes despite the recent steps taken by the regime, including the appointment of Muhammad Reza Farzin as the new governor of the Central Bank on December 30, 2022, after the value of the local currency reached its lowest level ever against the dollar, in the midst of mass protests and continuous Western sanctions.
After years of Western sanctions over Iran's nuclear program, the riyal was trading at 315,000 riyals to the dollar when anti-government protests erupted in mid-September.
Tourism sector
The head of the Najaf Hotels Association, Saeb Radi, believes that the impact of the collapse of the Iranian currency on the Iranian tourist is greater than on his Iraqi counterpart, and he explains this by saying that “when the Iranian tourist comes to Iraq, he must pay the costs of housing, travel and food in Iraqi dinars or US dollars, while the Iraqi tourist who travels To Iran, he faces the high cost of living despite the depreciation of the currency.
Rady explained to Shafaq News agency, "The US sanctions on Iran affected all aspects of life, and caused prices to rise, when the Iraqi tourist visits Iran and even Lebanon or Syria, he feels the high price despite the depreciation of their currency, unlike the Iranian visitor when he comes to Iraq. It is true that it feels expensive, but compared to their currency and in relation to the dollar, it is considered low.”
In turn, Abu Ali, the owner of a vegetable and fruit shop in Diwaniyah Governorate, says, "The collapse of the Iranian currency affects us by increasing its export of agricultural crops to Iraq, including tomatoes, potatoes, and eggplant."
Abu Ali indicated, during his interview with Shafaq News agency, that "the citizen prefers imported goods for their cheap price compared to the local crop, and therefore Iran will be the winner at the expense of our local goods, so I demand the government - especially during this period - to limit the proportion of imports from neighboring countries, especially From Iran, so that our local product would not be harmed by this import.” link
Mot: Dang! -- There is No End to this Marital Thingy I Guess! ~~
Mot: . FINALLY!!! - Instructions on How to Properly Use Chopsticks! ~~
Weekend Update With MarkZ "Iraq Border Searches" 2-25-2023
Iraqi border searches? Weekend News with MarkZ 02/25/2023
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
Note: For those listening to the replay……The CBD Gurus are on the stream the first 30 minutes…then Mark comes on with news……
Member: Hi Mark, mods, and chatties! Have a great Saturday and weekend, all!
Member: I have a strong feeling something is about to happen that we can see. Hope it is the RV!
Member: MarkZ, I think I'm losing it, Why did the dinarian cross the road? ….. To get to the exchange center.
Iraqi border searches? Weekend News with MarkZ 02/25/2023
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
Note: For those listening to the replay……The CBD Gurus are on the stream the first 30 minutes…then Mark comes on with news……
Member: Hi Mark, mods, and chatties! Have a great Saturday and weekend, all!
Member: I have a strong feeling something is about to happen that we can see. Hope it is the RV!
Member: MarkZ, I think I'm losing it, Why did the dinarian cross the road? ….. To get to the exchange center.
MZ: We have some hum-dingers coming out of Iraq today. Things that give me serious warm and fuzzies…..
MZ: Nader came out with another video….he is basically discussing this article…..and it is really important.
MZ: “ in order to prevent the movement of cash through borders and ports that exceeds what is specified in instructions from the central bank of 10K in dollars. The Compton security authorities follow up and inspect vehicles that pass borders to prevent smuggling. And take legal actions in coordination with the Central bank while providing the banks with the amounts discovered and their sequence numbers”
MZ: Why is this important? One of the things we were told that we would see right on the cusp of this change in value was a closing of their financial borders. They have now done this electronically and physically ..as shown by Nader.IMO this is enormous news coming out of Iraq.
MZ: Nader: Be sure to listen, like and share: https://www.youtube.com/watch?v=Nes5uQrlgcE
MZ: Also militiaman came out with a phenomenal one….be sure to check it out ..He gets into some of the chatter from Iraq on this video…be sure to like and subscribe to him. Give credit to these guys who are doing all this work….. https://www.youtube.com/watch?v=EkMUfS7vD4E&t=62s
MZ: On yourtube its Nader from the Mid East and MilitiaMan and Crew.
Member: Great video last night posted by Militia Man and Crew!!!
Member: Militia Man has always been one I have watched closely over the years! He is great!!!
MZ: These videos from Nader and Militiaman should have you all dancing in the streets today. Thanks so much to both of you for all your hard work.
MZ: The chatter on the street is indeed is 1 to 1 and then a float…..PAY ATTENTUION BECAUSE THIS IS IMPORTANT. I do not think this is what we are going to see over here. I am still hearing it’s going to be a complete reinstatement or revaluation …..perhaps they are going to do this in-markets there on the streets and quickly let it float up to their desired level….we shall see. But that is the chatter and its been overwhelming over the last few hours out of Iraq. This is extremely exciting.
MZ: In Iraq they can execute this “mechanism” very quickly. They are also talking about having the new value in the budget and they have made alterations in the new budget for a new value in it. It is believed to be a higher value. The budget is being presented this week.
MZ: I am more than a little excited…I am EXTREMELY excited about the news coming out of Iraq. ….
Member: Any guess's on how much the Dinar will fetch at the RV?
Member: I plan on the low end of the NEER rate of $1.60 to the high street rate of around $4.00….
MZ: Let’s just say the chatter is right on the streets of Iraq and the dinar rate comes out at a dollar and then floats….and its only Iraq at first for now…what would you guys do??? Make sure you all have a plan……
Member: if Dinar goes early, plan to exchange 200K then hold on to rest till RV
Member: at 1:1 I will use a portion of my Dinar to get comfy and see how it floats for the rest
Member: you have to remember one thing if this RV starts to go down in Iraq that means a lot of things has to happen first in order for you to redeem any kind money......imo
Member: So, if Iraq goes alone, do we still get an appointment? Then another apt when the actual RV happens?
Member: Stay tuned to Mark and Dinar Recaps….they will let us know when its time.
MZ: Redemption Center folks are on call this weekend…hope to have an update on Monday.
Member: Hi MarkZ: any news on Chinese making move on 3/15??? Where!!!!?? Came from retiring Gunny...
MZ: I expect something huge on the 15th. That would fit perfectly.
Member: Mark When do you think us in teir 4b will get to go?
MZ: Based on the news from Iraq ….I hope our exchanges will start sometime this upcoming week……Its looking good and the chatter is overwhelmingly good.
MZ: Bond folks are now hearing that Monday they will see their funding….hope this is true. We should know this answer on Monday.
Member: I wonder will the bond holders know the rates before us?
Member: TNT said last night Zim 100T bond worth 12M...
Member: That would be an amazing rate.
Member: Sure would love to get started on my humanitarian projects…people and animals are hurting.
Member: Dont know about ya'll, but my checking account is still showing im a 'Hundredaire'. Wishing this RV would flip the switch! But sounds really close now……
Member: TY MARK CBD GURUS MODS FAMILY LOVE AND PEACE TO ALL
Member: Everyone enjoy this weekend….hoping its our last weekend broke.
“THE INFO IN THIS PODCAST IS FOR GENRAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED 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, 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. SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
News, Rumors and Opinions Saturday Morning 2-25-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 25 Feb. 2023
Compiled Sat. 25 Feb. 2023 12:01am EST by Judy Byington
Global Currency Reset:
Fri. 24 Feb. “RV UPDATE” By Okie via Twitter (NOT OKIE OILMAN) https://twitter.com/OkieOOM: Buckle up and prepare. Rates are hot and showing from the Central Bank to corporate level screens, but not on the teller bank screens – and of course, that’s what we want. Nothing is guaranteed. God will decide this. Our time is nigh. We wait now. There is a countdown mode in progress. Right at this moment we continue to be closer than we have ever been. No one knows the date of release, nor the new rates, but this appears hotter than ever.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 25 Feb. 2023
Compiled Sat. 25 Feb. 2023 12:01am EST by Judy Byington
Global Currency Reset:
Fri. 24 Feb. “RV UPDATE” By Okie via Twitter (NOT OKIE OILMAN) https://twitter.com/OkieOOM: Buckle up and prepare. Rates are hot and showing from the Central Bank to corporate level screens, but not on the teller bank screens – and of course, that’s what we want. Nothing is guaranteed. God will decide this. Our time is nigh. We wait now. There is a countdown mode in progress. Right at this moment we continue to be closer than we have ever been. No one knows the date of release, nor the new rates, but this appears hotter than ever.
According to Bruce Charlie Ward would announce NESARA/GESARA over this weekend.
According to MarkZ Redemption Center Staff were on call this weekend; CMKX and Prosperity Packages were not yet being delivered; a huge Zim group was expecting payout on Sat. 25 Feb. and we were to look for a Black Swan Event. … “As I understand it the QFS (in banks they call it the quantum system) is having problems connecting to the old analog style computers at the banks. I really think this could be the problem right now.
A contact said their major bank drive through was closed and the ATM was down for work. They had a conversation with a long time banking contact there who said they were updating and changing their drive-through and ATMs for our new currency. …The GCR is getting harder and harder to hide from the rank and file workers. They know they are getting new equipment but they haven’t yet been trained. Some of this new equipment is to verify foreign currency so they can exchange them.
They are keeping this so compartmentalized in the banking sector. They know something huge is happening. If they were told that we are getting new currency and going asset backed and that many foreign currencies will soon be worth a lot, how many of these employees would still be around in the future? So they try to keep them in the dark.
Of course there are some who know and own foreign currency, but the ones I know have had to sign an agreement that they would continue to work throughout the redemption process. They get to turn their currency in first but they will not get access to it until they have finished with us. There are quite of few involved in the exchange process that do know.
But they are contractually obligated to finish the exchange process before they get their funds.”
According to Okie (not OkieOilMan) the new rates were showing “Pending Live” on bank screens.
According to RayRen98 last Mon. 20 Feb. memos went out to banks telling them to get ready for rate changes.
According to a Sovereign via Global Intake Officer for a Global Trade Platform Bob Dunn, all monies have been released, Sovereign contracts have started and UST liquidity began on Tues. 21 Feb. for the DOD, Reno and Zurich.
According to Ginger via Wolverine, Tiers 1 and 2 Paymasters have received funding in their accounts – that is not yet liquid.
Wells Fargo Preparing to Launch Digital Platform for Wealth Management | Dinar Chronicles
Read full post here: https://dinarchronicles.com/2023/02/25/restored-republic-via-a-gcr-update-as-of-february-25-2023/
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Courtesy of Dinar Guru
Militia Man The National Investment Commission...saying they're going to adopt the Iraqi dinar in paying dues for housing... They're getting rid of the MCPs (multi-currency practices). They are going to be paying dues/rents in dinar. This is the governmental process coming into play...The banking system has gone digital. They've gone to the new Swift system now the government is going and interconnecting with the new system...they're going to be in...the dinar.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani again is telling Iraqi citizens to hold on to their dinars. They are talking about how we will lose money if we don't. And that the dinar will gain value. FRANK: Sudani again this week comes out and tells the Iraqi citizens hold onto your dinars, don't be trading them in for foreign currency/for American dollars...If it was not happening the way we think it's happening they sure as heck wouldn't tell them that...That is the most powerful, significant thing that is happening right now. Sudani and the governor of the CBI telling the Iraqi citizens don't let go of your 3 zero notes, you're going to be trading them in at a different rate of 1 to 1...
Feb24Youtube
MilitiaMan and Crew: 2-25-2023
https://www.patreon.com/mmandcrew The content in Patreon provided by patrons provides the support for the content you will see with Militia Man & Crew here too; it is the foundation of our communities. Please Enjoy! Thank you all!! ~ MM
LIVE! Debt Market TIME BOMB COUNTDOWN. Important Updates.
Greg Mannarino: 2-24-2023
"Everything Bubble Collapse-25x More Capital Into Gold" Mike Maloney
Mike Maloney: Everything Bubble Collapse - 25x More Capital Into Gold
Palisades Gold Radio: 2-24-2023
Tom welcomes the well-known and accomplished sound money advocate Michael Maloney to the show.
Mike discusses the outstanding professionals he works with to create Hidden Secrets of Money, which has done very well on YouTube, with the fourth episode having reached ten million views.
He details how modern banks simply imagine money into existence with loans.
Mike discusses the important distinctions between currency and money. Currency cannot store value over long periods of time, whereas honest money, like gold and silver, maintains its purchasing power.
Mike Maloney: Everything Bubble Collapse - 25x More Capital Into Gold
Palisades Gold Radio: 2-24-2023
Tom welcomes the well-known and accomplished sound money advocate Michael Maloney to the show.
Mike discusses the outstanding professionals he works with to create Hidden Secrets of Money, which has done very well on YouTube, with the fourth episode having reached ten million views.
He details how modern banks simply imagine money into existence with loans.
Mike discusses the important distinctions between currency and money. Currency cannot store value over long periods of time, whereas honest money, like gold and silver, maintains its purchasing power.
For the last 5,000 years, the predominant medium of exchange has been precious metals. The period of the 1970s was the biggest bull market for honest money, and we are overdue for a similar period.
Currencies are constantly devalued by creating more units of them, which is inflation, and they make poor measurement tools for value.
Various asset classes move in long-term cycles, and we're approaching another bull period for gold and silver; we've been stuck in a difficult mid-cycle correction since 2011.
The Federal Reserve creates currency when they decide to purchase an asset. However, they are only allowed to buy in the open market; this was supposed to create price competition.
Their open market, however, is different than the public's. They use the primary dealer investment banks and brokerage houses around the world. These are not banks in a conventional sense.
He discusses the concept of currency units per person, and the idea that currency has to end up somewhere and inflate some asset class. Low interest rates create more currency due to the increased uptake in loans. This, coupled with direct stimulus, means someone has to repay this new money eventually.
It used to be possible to borrow and increase GDP, but this is increasingly difficult today. This was back when real businesses were being built, but as a society, we've increasingly gone into debt.
We've reached the point of no return where we can't borrow ourselves into prosperity.
Central banks are increasingly buying gold, particularly the eastern banks in China, India, and Russia.
Mike discusses recent changes in gold buying by the United States during the pandemic and how the U.S. has now returned to being a net seller of metals.
Whenever the middle-class becomes impoverished, we see political risk. Gold and silver is the only thing you can buy that doesn't entail counterparty risk.
If you don't already have metals as insurance, you may find it impossible to obtain in a crisis. He explains why a lot of money is going to chase after gold and silver during the next bull market.
Time Stamp References:
0:00 - Introduction
2:43 - Banks & Money Creation
5:17 - Currency Vs. Money
10:35 - Price Vs. Value
16:22 - Money Printing & Theft
23:43 - Bernanke & Responsibility
31:22 - Treasury Remittances
35:55 - Doppelganger Dollars
47:12 - Gold & Silver - New Book
49:05 - Reverse Robinhood
49:57 - Socialism & Division
54:50 - Almost Everything Bubble
59:00 - Excessive Taxation
59:56 - Currency Units & Inflation
1:04:30 - Budgets, Taxes, & Crisis
1:09:05 - Solutions & Smart Money
1:14:40 - Gold in a Crisis
1:26:40 - More Book Details
1:28:20 - Wrap Up
Talking Points From This Episode
- Modern banks can imagine currency into existence with loans, but it cannot store value over long periods of time, whereas honest money like gold and silver maintains its purchasing power.
- The Federal Reserve creates currency when they purchase assets, but this new money must eventually be repaid.
- Gold and silver is the only thing you can buy that doesn't entail counterparty risk, and it is expected that a lot of money will chase after it during the next bull market.
Friday Evening Chat with MarkZ 2-24-2023
Friday Evening News with MarkZ 02/20/2023
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
Member: A Wonderfully Great Blessed Golden Evening MarkZ, Mods And To All The Great Wonderful Patriots In The Room
Member: Perhaps this weekend will bring us exciting news and prosperous actions!!!
MZ: Not a whole lot of news today. Redemption center folks on call this weekend.
MZ: News is still great coming out of Iraq.
Member: Anything on the “funds in-funds out” on bankers screens?
Friday Evening News with MarkZ 02/20/2023
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
Member: A Wonderfully Great Blessed Golden Evening MarkZ, Mods And To All The Great Wonderful Patriots In The Room
Member: Perhaps this weekend will bring us exciting news and prosperous actions!!!
MZ: Not a whole lot of news today. Redemption center folks on call this weekend.
MZ: News is still great coming out of Iraq.
Member: Anything on the “funds in-funds out” on bankers screens?
MZ: I really think it was a tech issue they are trying to straighten out. . It was only on larger amounts. On smaller amounts –everything works. It may be a problem making the new system work with the old system.
MZ: As I understand it…the QFS(or whatever you want to call it) …in banks they call it the quantum system. I think it’s having problems connecting to the old analog style computers at the banks. I teally think this could be the problem right now.
Member: I thought that stuff was fixed a long time ago……sigh
Member: so let me get this straight Mark, the reason that it hasn't kicked in yet it's because the old computers need a SOFTWARE UPDATE???
Member: Nadar says it’s time to dance?!
Member: Nader was on about an hour ago. singing and dancing in the streets! Hope that is good news.
Member: I hope that means things are on the move!
MZ: Before nader posted this video he posted one on tictoc of him sitting on a patio with feet kicked up and having an adult beverage. My guess is this dance video isn’t RV related…just Nader having a good time.
Member: Does anyone else find it reassuring that Interpol os helping Iraq with cleaning up its corruption problem?
MZ: I’m glad you mentioned that…..
Member: Iraq needs to believe in itself and currency. Stop using the dollar...this will drive value in their currency
Member: (From Dinar Guru) Mnt Goat Article: "PARLIAMENTARY ENERGY: THE OIL AND GAS LAW WILL PASS THIS SESSION AND WE ARE WAITING FOR IT TO ARRIVE" Draft oil and gas law...the Parliamentary Oil, Gas and Natural Resources Committee called on the government to send the final version of the draft oil and gas law, affirming its intention to proceed with enacting the law.
MZ: This is big news…….
Member: Isaac says: Nothing this week, next update on Monday.
MZ: I have a contact with a banking story…I won’t share the details but …...they said their bank (a major bank) drive through was closed….the ATM was down for work….they had a conversation with a long time banking contact there who said they were updating and changing their drive throughs and ATMs for our new currency. It was a pretty cool conversation…and huge news in my book.
MZ: Its getting harder and harder to hide this from the rank and file workers…they know they are getting new equipment …even at the above location …but they havnt yet been trained. Some of this new equipment is to verify foreign currency so they can exchange them ….they are keeping this so compartmentalized in the banking sector…they know something huge is happening….think about it…
MZ: If they were told that we are getting new currency and going asset backed .and that many foreign currencies will soon be worth a lot…how many of these employees would still be around in the future? So they try to keep them in the dark.
Member: Can bank staff at redemption centers purchase currency and exchange?
MZ: Of course there are some who know and own foreign currency…but the ones I know have had to sign an agreement that they would continue to work throughout the redemption process. They get to turn their currency in first but they will not get access to it until they have finished with us…….so yes…there are quite of few involved in the exchange process that do know. But they are contractually obligated to finish the exchange process before they get their funds.
Member: My bank tellers are under nda’s since last Jan. in Canada. US to Canada currency 1 to 1 is what they are telling us.
Member: That is what I am hearing from a number of countries that are in the very first basket.They say that we should expect parity for the Euro, the Canadian and the Australian dollars with the US dollar. The Euro is pretty close to parity with the US dollar already.
Member: Remember Kuwait RV’d the afternoon after morning news outlets stated it would not be visited for 6-9 months.
Member: I wonder if the people that work for the Federal Reserve will all lose their job when all this goes down or will they work for the US Treasure?
Member: Hope the IRS is gone before we all have to pay taxes on April 15th.
Member: The RV is like a headache. How about today Dear, not tonite I have a headache. The next day how about tonite Dear, I have a headache. The RV has a headache
Member: Mark, thank you for all you do. You’re the best and we appreciate you so much!
Member: HAVE A BLESSED NIGHT GUYS!
“THE INFO IN THIS PODCAST IS FOR GENRAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED 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, 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 NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 11:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Bruce’s Big Call Dinar Intel Thursday Night 2-23-23
Bruce’s Big Call Dinar Intel Thursday Night 2-23-23
Transcribed By WiserNow Emailed To Recaps
Welcome to everybody out there in big call universe listening to the big call tonight. Thanks for coming in wherever you're listening from. We should be getting out to 12 and 15 plus million listeners all over the globe, possibly in as many as 99 or 100 languages. And so we thank you for listening, whether it's in your native tongue or whether it's in English it could be your native tongue. Either way, we thank you. And we're looking forward to having a great call tonight.
Alright guys, let's talk about where we stand on the Intel front. All right, and so this is really a- boy are we ever close. Let's start with this. We knew we were close on Tuesday's call and we thought Wednesday or Thursday would bring it in. Now, we didn't get it started yet, except I'll get to that in a second.
Bruce’s Big Call Dinar Intel Thursday Night 2-23-23
Transcribed By WiserNow Emailed To Recaps
Welcome to everybody out there in big call universe listening to the big call tonight. Thanks for coming in wherever you're listening from. We should be getting out to 12 and 15 plus million listeners all over the globe, possibly in as many as 99 or 100 languages. And so we thank you for listening, whether it's in your native tongue or whether it's in English it could be your native tongue. Either way, we thank you. And we're looking forward to having a great call tonight.
Alright guys, let's talk about where we stand on the Intel front. All right, and so this is really a- boy are we ever close. Let's start with this. We knew we were close on Tuesday's call and we thought Wednesday or Thursday would bring it in. Now, we didn't get it started yet, except I'll get to that in a second.
One of our bond paymasters has a connection with somebody in the treasury who's very high up in the treasury. And in speaking with this individual, and talking to him about what our start of the RV would be when we get notifications out and get started and so on. He just said he would no longer be able to talk to the individual after about five o'clock tonight. So he's cut off our contact is cut off from Treasury.
But he said we are on the precipice. Now what Treasury said we are on the precipice. Now when you're on a precipice, you're on the edge of a cliff about ready to go.
That's what he was saying.
We had other individuals telling us that we expect the NESARA and GESARA to be announced tomorrow by Charlie Ward. If that occurs - I'm going to check that - it is to be announced over the weekend.
And that alone could precipitate some political change over the weekend that we've been looking for.
The other thing is regarding our charts, the bondholders received their quantum access cards on Saturday, and they're waiting for that email to come still, which I believe will come very close to our email notifications of when we're to get our toll free number and call and set our appointments.
But we do know that the bond holders are also waiting to receive their emails to let them know how much of their funds which is approximately 1% of their total, how much they can send and when they can spend it. How soon? What's their start date? It could be very close.
Now, we are at the precipice and we are looking very good as far as our part goes. We're looking very good as far as that goes.
Iraq I believe has done what they were supposed to have done.
Everything is positive. There may be some additional arrests going on in Iraq as we speak. But the situation is cleaned up.
Now. If we have been somewhat slowed down a little bit today because there are one or two other countries that are trying to get in to the first set of currencies.
I don’t know which countries - don't have any idea on that. But there are some that are maybe one or two that are trying to get in at the last minute.
Kind of what it seems like anyway, that's what it does. Other than that there does not appear to be anything else in the way of this going as far as we know. Sometimes we you know Hindsight is 20/20 Sometimes we find out later after the fact what happened and that's what held us up but I'm not really seeing or feeling that things are holding us up at this point.
One thing this is interesting for this afternoon, that as of 8pm Tonight, Eastern Time CMKX deliveries and prosperity packages were to start - Now realize this - prosperity packages aren't going to be delivered in the middle of the night. They would deliver up till about 9 PM or 930 at night, and then they will resume in the morning. And I couldn't tell you who would be before eight or nine o’clock - Maybe - probably not.
But they are to continue tomorrow, tomorrow morning and throughout tomorrow. And remember, the prosperity packages that we're going to go out should be going out in conjunction with us setting appointments and starting our exchanges. There is supposed to be there in kind of a parallel to the exchanges that are going on.
Now, I had hoped I would receive a toll free number in time for the big call tonight. To put it out because they do want as many people as possible to use the toll free number to set their appointments and go in to the redemption centers. And some people could be scared to a tier one bank if they're not a Zim holder. They they have dinar only or didn't for dong only. They could be sent even using the toll free number. They could be sent with your tier one bank to do those simple exchanges.
Zim redemption is a little more complicated. A little bigger deal. They definitely will not be redeeming zim other than through redemption centers overseen by Wells Fargo. At least not initially. They could do that after a month or two if there's any stragglers – they could take them in most Wells Fargo are a couple of other tier one banks. But the vast majority of us will be using the toll free number, setting an appointment - not getting more than 10 minutes early. You'd be 10 minutes early, but not more than that.
I want to make that very clear to the transcribers and to the people that are putting notes out – I’m very clear on that - being on time is being no more than 10 minutes early for your appointment.
If you run late for your appointment, more than likely, you'll get the back of the line and you will have to reschedule at a later date.
All right, so let's consider that - Now to be completely ready for your appointment especially if you're Zim holder.
You need to consider making a presentation that you can deliver in person in five to eight minutes to the redemption center staff.
That would be something that you do if you had already written it up in an outline form, not in 100 page business plan. Not talking about that. I'm talking about a simple outline form
And I can't wait. I can't wait for it to happen. So let's just say this. I did not receive notifications yet today and everything especially with a CMKX and the prosperity packages. I would say there's a very good possibility they'll go out tomorrow and I would say there's a good possibility that we could get notified before lunchtime tomorrow. But let's see what happens. So let's pray this call out and see what happens between now in the weekend.
Bruce’s Big Call Dinar Intel Thursday Night 2-23-23 REPLAY LINK Intel Begins 1:16:26
Bruce’s Big Call Dinar Intel Tuesday Night 2-21-23 REPLAY LINK Intel Begins 1:09:49
Bruce’s Big Call Dinar Intel Thursday Night 2-16-23 REPLAY LINK Intel Begins 1:29:19
More News, Rumors and Opinions Friday Afternoon 2-24-2023
KTFA:
Clare: The regional government announces reaching a preliminary agreement with Baghdad regarding the oil file
2/24/2023
On Friday, the Kurdistan Regional Government announced that it had reached a preliminary agreement with Baghdad regarding the oil file, while indicating that the talks would resume next Monday.
The head of the Kurdistan Regional Government’s representative in Baghdad, Fares Issa, said in a statement to the media affiliated with the Presidency of the Government, followed by “NAS” (February 24, 2023), that “the delegation of the Kurdistan Regional Government will visit Baghdad on Monday (February 27, 2023), and will remain until the next day.” Thursday to continue the talks.
KTFA:
Clare: The regional government announces reaching a preliminary agreement with Baghdad regarding the oil file
2/24/2023
On Friday, the Kurdistan Regional Government announced that it had reached a preliminary agreement with Baghdad regarding the oil file, while indicating that the talks would resume next Monday.
The head of the Kurdistan Regional Government’s representative in Baghdad, Fares Issa, said in a statement to the media affiliated with the Presidency of the Government, followed by “NAS” (February 24, 2023), that “the delegation of the Kurdistan Regional Government will visit Baghdad on Monday (February 27, 2023), and will remain until the next day.” Thursday to continue the talks.
Issa confirmed, "The government delegation will meet with the Iraqi Oil Ministry, and a preliminary agreement has been reached regarding the oil and gas law," adding that "the previous meetings were very positive and reached a solution." LINK
Clare: Parliamentary Committee: The Iraqi Council of Ministers determines the price of oil in the budget during its next session
2/24/2023
A member of the Parliamentary Oil and Gas Committee, Ali Saadoun Al-Lami, suggested, on Friday, that the Council of Ministers would determine the selling price of a barrel of crude oil in the public financial budget for the year 2023 during its next session, scheduled to be held in the middle of next week.
Al-Lami said, in a statement to Shafaq News agency, that the cabinet discussed calculating the price of a barrel of oil in the general budget law, which is expected to be voted on in next Tuesday's session.
And he added that the government will calculate the price of one barrel of oil in the general budget law at an amount ranging between 55-60 dollars, expecting that spending will take place on the specified price in the next session of the Council of Ministers.
It is noteworthy that the financial budget for the past year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.
After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible. LINK
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TNT:
CandyKisses: Arab Countries Praise Iraq: Plays A Pivotal Role In Strengthening Arab Relations
A number of Arab officials spoke on Friday about Iraq's role in the Arab region, and stressed that it plays a pivotal role in strengthening relations between Arab countries.
The capital, Baghdad, will host the work of the thirty-fourth conference of the Arab Inter-Parliamentary Union from the period (23-26) of this month.
Lebanese parliamentarian Michel Moussa said: "Iraq plays a pivotal role in strengthening relations between Arab countries.
The Secretary General of the Palestinian National Council, Fahmi Al-Zareer, said that "Iraq hosts the Arab Parliament Union with high organizational capabilities," while Somali Member of Parliament Said Mohamed Mohamud stressed that "Iraq is witnessing a strong return to hosting conferences aimed at solving Arab problems."
In addition, a member of the Libyan House of Representatives, Abdul Salam Nassia, added, "Iraq has a major role in joint Arab action and we are happy to return to embrace Arab countries.
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Tishwash: Iraq signs a security agreement with Iran
Revealed, on Friday, that an official visit by the Secretary-General of the Iranian Supreme National Security Council, General Ali Shamkhani, to Baghdad, with the aim of signing security agreements, will be forthcoming.
And the agency stated, in a news item followed by Mawazine News, that "the Iranian side, through Foreign Minister Hussein Amir Abd Allahian, officially informed Iraq of the scheduled visit of the high-ranking Iranian official, through a verbal meeting between Allahian and National Security Adviser Qassem Al-Araji."
The agency said, "Allahian expressed his regret at not implementing the previous agreement between the two countries to form a joint supreme security committee between the two countries to follow up on borders and security developments in the region."
Abdullahian also confirmed to Al-Araji that Iran "categorically rejects" the existence of groups he described as "hostile and separatist" within the borders of Iraq, noting that "the continued presence of these groups, especially in the Kurdistan region of Iraq, is unacceptable," as he described it.
And the Iranian foreign minister indicated that "the visit of the Secretary-General of the Iranian Supreme Council will witness the signing of security agreements on this aspect," according to the agency.
Last week, Iranian Foreign Minister Hossein Amir Abdullahian arrived in the capital, Baghdad, and met with a number of officials, and discussed with them relations and common files between the two countries, including the investigation into the assassination of General Qassem Soleimani. link
Wells Fargo to Launch Digital Platform for Wealth Management –
Wells Fargo is preparing to launch a digital platform offering clients tools for wealth management.
The new LifeSync, which will be available to select clients of the bank’s Wealth and Investment Management (WIM) division at the end of March, will provide real-time progress on goals, track key financial metrics, deliver relevant content and provide a connection to a financial advisor, Wells Fargo said in a Wednesday (Feb. 22) press release.
“With LifeSync we’ve created another innovative user experience in the Wells Fargo Mobile app, offering one cohesive approach to goal tracking for clients — regardless of their level of wealth or stage in life,” Michelle Moore, head of Consumer and WIM Digital at Wells Fargo, said in the release.
Consumers are increasingly using digital channels for their wealth management needs.
Bank of America reported in August that it’s experiencing a record increase in digital engagement by Merrill and Private Bank clients, with 82% of wealth management clients now digitally active.
Also, there was a 59% year-over-year increase in the number of financial planning reports run for Merrill clients, Bank of America said at the time.
In January, consumer data platform GoLogiq and financial services platform GammaRey merged to access the high-growth Generation Z and millennial wealth management market.
The companies said at the time that their combined forces will help them provide services to younger consumers who have seen their assets rise from $2.9 trillion to $3.6 trillion.
Wells Fargo said in its press release that it has found that four out of five Gen Z and millennial investors are comfortable using mobile devices for investing.
Among the metrics available through the bank’s LifeSync are net worth, portfolio performance, market indices, FICO scores and credit card balances, according to the release.
Read full article here: https://www.pymnts.com/news/digital-banking/2023/wells-fargo-launch-digital-platform-wealth-management/
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China's Still Dumping Dollars - Here Are The Facts!
Sean Foo: 2-24-2023
Is China still de-dollarizing or are they in fact still buying US debt? In a report, China has been seen buying US bonds, despite dumping US treasuries. Does this mean China still has faith in the United States? Aren't they scared of their reserves getting frozen? Here's what you must know!
Timestamps & Chapters:
0:00 China Still Buying US Debt?
1:24 China & De-dollarization
3:31 Why China Is Buying Agency Bonds
5:51 De-Dollarization Won't Stop
7:33 Why China Needs Dollars For Now
9:25 US Is Incredibly Indebted To China
Goldilocks, Nader and more...Friday 2-24-2023
Goldilocks and Seeds of Wisdom
Thank you R.J.
Good morning Dinar Recaps,
Goldilocks posted the following link with commentary:
Iraq Pivots to Yuan for China Imports in Defense of Own Currency
"Iraq is planning to pay for private-sector imports from China in yuan, injecting foreign currency into the financial system to help ease pressure on the dinar."
Goldilocks and Seeds of Wisdom
Thank you R.J.
Good morning Dinar Recaps,
Goldilocks posted the following link with commentary:
Iraq Pivots to Yuan for China Imports in Defense of Own Currency
"Iraq is planning to pay for private-sector imports from China in yuan, injecting foreign currency into the financial system to help ease pressure on the dinar."
Now, we have a tale of two cities. The Chinese Yuan is backed by gold, and we have the dollar backed by a Government's promise.
When a country introduces a foreign currency to pay for goods and services, it begins to have an effect on their own domestic currency.
It has the power to vary a country's exchange rate from a programmed rate to new rate variances.
The dollar has become volatile in recent months, and the Chinese Yuan has been far more steady with its backing by gold.
This will not only move the dinar into position of obtaining purchasing power, but it will give a more suitable environment for its growth.
© Goldilocks
~~~~~~~~~~~~~~
Goldilocks posted the 2 following links with commentary where Goldilocks mentions timing:
"Wells Fargo seeks to catch faster-growing rivals by boosting engagement with rich clients."
https://www.cnbc.com/2023/02/22/wells-fargo-boosts-digital-connection-with-rich-clients.html
Get ready. They will have an app to service rich people by the end of March. The timing is not coincidental.
Wells Fargo is a Clearing House Bank for digital movement of foreign currency.
© Goldilocks
Blockworks: Crypto Exchanges Have 30 Days To Register With Canadian Regulators
https://www.blockworks.co/news/crypto-exchanges-in-canada-have-30-days-to-register-with-regulators
Remember what we said a few days ago that cryptocurrencies have to be registered to move forward.
Again, let's take a look at the timing and how it coincides with the International Payment System.
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Thank you Dinar Recaps
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Breitling They're not going to announce that they're going to revalue. But that doesn't mean they can't say, 'We're going to adjust the exchange rate.' They say that all the time.
Militia Man Changing from the dollar to the dinar in real estate is going to be a a big thing because multi-currency practices are going to be gone. They're making it so that people have to use the dinar. Whether that's in real estate, whether that's in commercial business, the dinar is going to be the main focus...
Nader From The Mid East If it [The dinar] goes viral you'll see the bank will sell it and you will change it to wherever you are in any state...Florida...New York..Long Island, California...Arizona, Texas, Georgia, wherever. The bank would accept it. You're not going to travel nowhere.
(Alert). Bond Market Instability WORSENS! Inflation SKYROCKETS Again WITH NO END IN SIGHT.
Greg Mannarino: 2-24-2023