More News, Rumors and Opinions Monday Afternoon 2-27-2023
KTFA:
Clare: Al-Sudani and the Director of Arab Monetary discuss Iraq's involvement in the international financial system
2/26/2023
Prime Minister Muhammad Shia Al-Sudani received today, Sunday, the Director General of the Arab Monetary Fund, Abdul Rahman Al-Hamidi
The Prime Minister's Office said in a statement, a copy of which the Euphrates News Agency received, that "during the meeting, they discussed mechanisms for joint cooperation in the field of supporting financial and banking policies and building human capacities, and discussing Iraq's steps in engaging with the international financial system, and the most prominent measures and reforms that the government is taking in this field."
The banking and financial sector, thus contributing to the promotion of economic development in Iraq. LINK
KTFA:
Clare: Al-Sudani and the Director of Arab Monetary discuss Iraq's involvement in the international financial system
2/26/2023
Prime Minister Muhammad Shia Al-Sudani received today, Sunday, the Director General of the Arab Monetary Fund, Abdul Rahman Al-Hamidi
The Prime Minister's Office said in a statement, a copy of which the Euphrates News Agency received, that "during the meeting, they discussed mechanisms for joint cooperation in the field of supporting financial and banking policies and building human capacities, and discussing Iraq's steps in engaging with the international financial system, and the most prominent measures and reforms that the government is taking in this field."
The banking and financial sector, thus contributing to the promotion of economic development in Iraq. LINK
Clare: Governor of the Central Bank: We seek to bring about digital technologies in the Iraqi banking sector
2/27/2023
The Governor of the Central Bank, Ali Al-Alaq, affirmed today, Monday, the endeavor to make a quantum leap in the field of financial technology.
The bank's media said in a statement received by {Euphrates News} that "the Governor of the Central Bank, Ali Mohsen Ismail, received, today, the regional head of the global "Visa" company, Andrew Tory and his accompanying delegation."
He added, "The support provided by Visa to regulate the market and increase the acceptance of electronic collection was discussed, in support of the government's directions and the decisions it took in activating electronic payment through the use of the technology provided by the company, as well as improving the regulations and instructions for digital financial services."
Al-Alaq stressed that "the Central Bank of Iraq is supportive in its steps to expand the use of the latest digital technologies in the banking sector and enhance financial inclusion in Iraq," noting that "the Central Bank of Iraq seeks to make a quantum leap in the field of financial technology in the Iraqi banking sector by keeping pace with the latest global technologies." LINK
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Clare: The Governor of the Central Bank of Iraq meets the Director General of the Arab Monetary Fund
February 26, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Director General of the Arab Monetary Fund, Dr. Abdul Rahman Al-Hamidi.
His Excellency the Governor said in his speech: The Arab Monetary Fund has provided unremitting efforts in support, advice and training to the Central Bank of Iraq and its cadres, in implementing field surveys related to indicators of financial inclusion in Iraq.
For his part, Dr. Al-Hamidi praised the role of the Central Bank of Iraq in consolidating the work of the fund, and supporting its policies and programs, while expressing the fund's readiness to provide technical support and capacity-building in areas related to the bank's work, praising the role of the Central Bank of Iraq in launching the payments platform (Bunu) in the field of Coverage of payments for intra-trade using various types of currencies.
It is noteworthy that the Central Bank of Iraq is an active member of the Arab Monetary Fund, and is considered one of the largest shareholders among central banks and financial institutions, and invests part of its foreign reserves with it.
Central Bank of Iraq
Media Office
26/2/2023
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Courtesy of Dinar Guru
Pimpy There's a difference in RV and RI...RV is when you re-value a currency. We saw a revalue when the Iraqi dinar went from 1190 dinars to 1450. That is an RV. An RI is when you had an exchange rate for whatever reason they changed it and then once it was done they just reinstated it. That's what happened to Kuwait.
Militia Man The government returned the budget to the finance ministry in order for them to adapt it to a new exchange rate. Our view is the 1310 is something in the past. We believe there's going to be a different change coming...I hope you guys feel like I do. You should be excited...
IMPORTANT UPDATES! Market Risk Continues To Rise As Economy Craters FASTER.
Greg Mannarino: 2-27-2023
Hotter Inflation Chills Stock Market - Ep 874
Peter Schiff: 2-27-2023
· The inflation genie is impossible to put back in the bottle.
· CPI and PPI are lagging for a number of reasons.
· Beaten down stocks of 2022 enjoyed a short-lived dead cat bounce in 2023.
· Consumer spending in January surged after a record decline in tax revenue.
· The PCE is the most inaccurate way to measure inflation and it’s no coincidence that it’s also the Fed’s favorite way.
· The progress the Fed claimed to have made against inflation is already lost.
· The inverted yield curve is now even more inverted.
Goldilocks Monday AM "International Financial Ecosystem" and more...2-27-2023
Goldilocks and Seeds of Wisdom
Thank you R.J.
R.J.: Good morning Dinar Recaps,
Goldilocks posted the following statement this morning:
We will start seeing liquidity begin in several sectors of the economy in March.
© Goldilocks
R.J.: Goldilocks posted this article this morning with commentary. (A milestone met)
"SWIFT has completed a test which shows that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly through existing financial infrastructure."
Goldilocks and Seeds of Wisdom
Thank you R.J.
R.J.: Good morning Dinar Recaps,
Goldilocks posted the following statement this morning:
We will start seeing liquidity begin in several sectors of the economy in March.
© Goldilocks
R.J.: Goldilocks posted this article this morning with commentary. (A milestone met)
"SWIFT has completed a test which shows that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly through existing financial infrastructure."
SWIFT said this marks a “major milestone” for the industry toward “enabling CBDCs and tokenised assets’ smooth integration into the international financial ecosystem."
This is the upgrade I was looking for in March and was moved up to the end of February.
It looks like we are set to go for the full activation of the International Payment System ISO20022 on March 20th of 2023.
This is the digital ledger transmission system that will enable the recording of assets being executed on both sides of a trade.
© Goldilocks
~~~~~~~~~~~
Goldilocks posted 2 links and commentary on "Watching the Water":
The Supply Chain Market is going digital.
"The Digital Container Shipping Association on Electronic Bills of Lading" has committed to moving from paper transactions to computerized settings enabling the movement of goods and services to flow much quicker.
This will increase demand that increases purchasing power through constant money flow at the push of a button.
It is expected that we are going to see more goods and services on the shelves of many merchant's enterprises in the near term. There may be an exception when it comes to food. Let's take this a step at a time.
This is an indicator that the economy is about to take a turn.
This is why we have been Watching the Water.
© Goldilocks
https://maritime-executive.com/corporate/digital-container-shipping-association-on-electronic-bills-of-lading
https://www.openpr.com/news/2948719/digital-supply-chain-market-is-booming-worldwide-hcl
~~~~~~~~~~~~~
R.J.: Goldilocks posted a link with commentary:
"The Bank of England (BoE), responsible for CHAPS Real-Time Gross-Settlement System (RTGS) – will migrate to ISO 20022 messaging on 19 June 2023."
The above information allows for stragglers who are struggling to meet deadline requirements to catch up. Everyone is expected to do their migration in March.
* Goldilocks
"SWIFT ISO 20022 Payment Systems Upgrade: Implications For Banks, Crypto Assets And Digital Currencies."
~~~~~~~~~~~~~
R.J.: Goldilocks made the following statement this morning:
"All of the Articles posted in this room the last 3 days about Iraq has just been vetted as true by our CBI banking contact in Iraq."
© Goldilocks
https://t.me/+YU9UrHLxFbszOTJh
https://www.seedsofwisdomteam.com/goldilocks
Thank you Dinar Recaps
"Tidbits From TNT" Monday 2-27-2023
TNT:
Tishwash: An oil agreement paves the way for announcing a comprehensive budget in the coming days
A member of the Kurdistan Democratic Party, Wafaa Muhammad Karim, revealed today, Monday, that there is a presence to deliver Kurdistan’s oil to Baghdad to proceed with an oil agreement within the terms of the 2023 budget, while he indicated that there are more than 30 illegal outlets for oil smuggling in the region.
Karim said in a televised interview, followed by the information agency, that "the delegation of the Kurdistan region, for the first time, participated in writing the draft general financial budget in coordination with the federal government in Baghdad."
TNT:
Tishwash: An oil agreement paves the way for announcing a comprehensive budget in the coming days
A member of the Kurdistan Democratic Party, Wafaa Muhammad Karim, revealed today, Monday, that there is a presence to deliver Kurdistan’s oil to Baghdad to proceed with an oil agreement within the terms of the 2023 budget, while he indicated that there are more than 30 illegal outlets for oil smuggling in the region.
Karim said in a televised interview, followed by the information agency, that "the delegation of the Kurdistan region, for the first time, participated in writing the draft general financial budget in coordination with the federal government in Baghdad."
He added, "The salaries of employees in Kurdistan will be paid from the 14% share of the budget for the region for the year 2023."
Karim pointed out that "more than 30 illegal outlets are used by the owners of al-Qaqjaq to smuggle oil in the Kurdistan region."
Yesterday, Sunday, the representative of the State of Law coalition, Ahmed Al-Watifi, confirmed in a statement to Al-Maalouma that the governments of Baghdad and Erbil have reached an integrated road map to resolve the crises, indicating that parliamentary consensus exists and is awaiting the budget to be passed link
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Tishwash: The Minister of Finance and the Arab Monetary Fund are discussing Iraq's reforms in the banking sector
The Minister of Finance, Taif Sami, discussed with the Director of the Arab Monetary Fund, Abdul Rahman Al-Hamidi, and his accompanying delegation, Iraq's reforms in the banking sector.
The ministry stated, in a statement received by the Iraqi News Agency (INA), today, Monday, that "on the sidelines of the activities of the 34th conference of the Arab Parliamentary Union held in Baghdad, it received Finance Minister Taif Sami, director of the Arab Monetary Fund, Abd al-Rahman al-Hamidi, and his accompanying delegation.
" The two sides discussed Iraq's steps to engage in the financial system among the Arab countries, in addition to reviewing the procedures and reforms that the Iraqi government is taking in the field of the banking and financial sector, in a way that contributes to enhancing economic development in Iraq. Sami also reviewed with the delegation the most important economic and financial challenges facing the countries of the region
, In addition to the joint bilateral relations between Iraq and the Arab Fund, and pushing towards the development of mutual cooperation in the field of finance and economy, as well as discussing joint cooperation mechanisms in the field of supporting financial and banking policies and building human capacities. link
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Tishwash: With anticipation of the results, the Chinese yuan is chasing the dollar in Iraq's foreign trade
New dealings in Iraq's foreign trade through the use of the Chinese yuan currency to help strengthen its dinar and relieve pressure on the dollar, after the latter witnessed large booms against the Iraqi dinar in the parallel market, which caused major economic problems and revived the black market.
The Central Bank of Iraq revealed that the step of paying in Chinese yuan comes within the second package of transactions, which includes organizing foreign trade from Beijing, by providing facilities for financial transfers to the United States and Europe, using the same mechanism later.
A number of specialists in financial and economic policy agreed that the use of the Chinese yuan currency comes to relieve pressure on the dollar and to reduce the time period for cash transfers for trade purposes.
Payment is subject to compliance
The financial advisor to the Prime Minister and former deputy governor of the bank, Mazhar Muhammad Salih, said in an interview with Shafaq News agency, "The step of paying in the yuan currency comes to make the mechanisms that are in dollars lighter," adding that "this does not mean that it is not subject to compliance rules, as all foreign transactions and trade financing Foreign affairs, whether in dollars, yuan or euros, are subject today to the compliance platform, in which the papers must be correct, the final beneficiary is present, and the goods enter Iraq.
He added, "This measure will not extend its application to Iraq's oil trade," explaining, "This measure covers only private sector imports."
He pointed out that "Iraq's trade with China is large, and in order not to be hindered, the Chinese yuan was adopted as an intermediary currency to finance foreign trade for the private sector only, but this does not prevent the presence of auditing, compliance and knowledge of the final beneficiary."
Throw ashes in the eyes
"The use of this or that currency in commercial exchanges and monetary and financial transactions is not subject to decisions from above, but rather to the facts that control the global monetary system," said economist and oil expert Hamza Al-Jawahiri, in an interview with Shafaq News agency.
He added, "Many countries previously announced abandoning the dollar and adopting other currencies such as the ruble and the yuan, but these decisions were in most cases sterile, and it is an attempt to sow ashes in the eyes and achieve imaginary victories. It is related to confidence in these currencies and the independence of the central banks that issue them."
He pointed out that "the adoption of the yuan in relation to foreign trade for any country means narrowing the opportunities for trade exchange to a large extent because the confidence of dealers in it at the global level is limited, while the dollar is still at the top of monetary transactions."
And he stressed that "most of Iraq's foreign trade takes place with China, so if Iraq succeeds in converting it into Chinese yuan, this is considered liberation from the dominance of the dollar in global trade and it will be in the interest of Iraq."
The conversion is faster
The economist and professor of economics at the Iraqi University confirmed that "using the yuan currency in foreign trade with China will be subject to the same previous conditions and will not be outside the electronic platform, which is the point that some had imagined that it would not be subject to the platform," noting that "in all cases, you will pay in dollars until you get on the other currency.
He added, "Some of the merchants called on the government to import goods from China in their local currency to facilitate the import process faster, which was approved by the Central Bank of Iraq." The American who will finance Iraqi trade through China by paying in dollars and converting it into Chinese yuan.
Al-Mashhadani explained that "this process may make merchants feel more reassured, free and quick to transfer after these transfers were made for more than 20 days, which is a long period for them, while relying on the Chinese Bank as an agent or the Asian Development Bank will shorten the period due to the presence of a financial balance in these banks." .
Iraq witnessed a shortage of dollars after it was subjected to pressure from the United States aimed at limiting the flow of money to neighboring countries, which had been imposed financial sanctions by the United States of America, and the Federal Reserve Bank of New York last November imposed stricter controls on dollar transactions for banks. As a result, the approval of transfers slowed down and ultimately prompted merchants to buy dollars from exchange offices, which raised the price of the dollar against the Iraqi dinar to high levels, which led to a rise in the prices of basic and food items in the local markets. ink
Mot: .... yet another Marital Thingy! ~~
Mot: ....... Never Have I Ever!!
"Coffee With MarkZ" Monday Morning Chat 2-27-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday 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
Member: Good morning Dinarians. Another Monday of hope and dreams.
Member: Good morning RV family. I hope you all had a great weekend.
Member: Anyone else extremely tired of yet another weekend that passed without EBS and the whole shabang?
Member: We sure could use a nice juicy EAS / EVS with a large helping of disclosure and a NESARA for dessert
Member: it's happening. this is a process. We need to be patient just a little longer….imo
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday 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
Member: Good morning Dinarians. Another Monday of hope and dreams.
Member: Good morning RV family. I hope you all had a great weekend.
Member: Anyone else extremely tired of yet another weekend that passed without EBS and the whole shabang?
Member: We sure could use a nice juicy EAS / EVS with a large helping of disclosure and a NESARA for dessert
Member: it's happening. this is a process. We need to be patient just a little longer….imo
Member: rainy days and Mondays always get me down, RV/Gesara would certainly bring me up! Hint hint
Member: Thanks Mark Z for recommending Militia Man. His last post was a great comfort!
Member: MilitiaMan said that March 20th is when ISO20022 starts. That’s a pretty concrete thing..Right?
MZ: That is a concrete thing. Great MilitiaMan news over the weekend. He talks about a number of Major International deals they are doing in Iraq …and they are telling us in their dday to day markets what they are doing to get this RV out the door. They have told us they are expecting a value change. Please go watch Militiaman videos…if you havn’t yet.
MZ: Other Iraq news this weekend “ With anticipation of results, Chinese yuan chases dollar in Iraq forign trade” They are going to start using the yuan …just not in the public sector….they are detangling themselves from the Us petrodollar and allowing the “private sector” to use yuan to settle settlements. Iraq’s trade with China is huge and now using the yuan.
Member: Iraqi president says country now peaceful, life is returning
Member: I wonder Does the Iraqi third package release mean they’re ready to float?
Member: I saw a post that Iraq is going 1 to 1 and redenominate at the same time…..and then let it float
MZ: That would make logistical sense. But as I understand it…the gold treaty needs them to come out at a higher rate. But if Iraq is frustrated on waiting….it makes sense for Iraq to come out at a lower rate and float.
Member: imo, Iraq wouldn't be going alone if they're taking this long. I agree with Mark on the possibility that they'll go with the NEER rate and let it float. I could be wrong
MZ: If it floats I believe it will float up…..their goal was to reach the $4 mark…
MZ: I am hearing that if the dinar floats we will still get banking exchange instructions to go to banks with the proper equipment and training to process us….….just not full blown redemption centers. Im ok either way. I just want this roller coaster to end. I am ready to get off of it.
MZ: But, it would be nice to get the new big rate all at once.
Member: Is it true the bond holders are having access to their money today or tomorrow?
MZ: Bond folks are getting a lot of talk about the release of funds before end of business today….Many of my contacts thought they would wake up to a new rate today at the earliest…most likely by tomorrow…..I am watching it.
MZ: Overwhelmingly they believe this time this is “it” . I am sure other intel providers are hearing the same things. That they have scheduled it and are waiting on the release. None of us know the exact timing …but we do know everyone is ready for it.
Member: Another Intel Provider: The Banker has indicated that the pace has picked up considerably and that its staff will be fully staffed at all of its locations to begin scheduling appointments beginning tomorrow Monday
Member: Big protest in the UK by the citizens, not covered by their news.
MZ: Nader posted a video about the craziness in Europe this weekend….lots of riots and crime. Is the whole world falling apart?
Member: I went onto the us bank in Safeway on Saturday and casually asked if they have switched over to the new QFS system. The teller said NO, not until the end of MAY.
Member: Dear God….let this go sooner than May.
Member: I'm so tired of this movie…. can we get a new one to watch…. my popcorn is beyond stale
MZ: I am not sure if this movie is a tragedy or a comedy. Heck, it appears to be both with a lot of plot twists.
Member: if they are waiting for sleepers to wake up I say good luck with that
Member: they just need to rip off the bandaid…and tell the whole world the truth…..that will wake them up…….
Member: justice/punishment must reign over those involved so we can cleanse and prevent it in the future!
Member: Fingers and toes are crossed for this blessing to be poured out onto all of us this week.
Member: Remember everyone to stay positive, keep pushing forward, and have faith. Have a great week ahead!
Member: No act of kindness, no matter how small is ever wasted. Aesop
Member: Mark, huge thanks as always for all you bring to this community.
Member: Mark, thanks for hanging in there with all of us Mark, and in keeping all of us calm
“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"
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
The next stream is tonight at 7 pm est…unless
MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.
THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE
MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch? https://www.investopedia.com/terms/t/traunch.asp
MZ: JFK Secret Societies Speech in case we forgot https://www.youtube.com/watch?v=ItOPg2l7-t0
JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401
Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html
MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y
Mod: Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME
MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road
You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate
Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz
MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust. You can connect with MarkZ at The Seeds of Wisdom Team Community and website. Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/
Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e
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.
News, Rumors and Opinions Monday Morning 2-27-2023
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 Mon. 27 Feb. 2023
Compiled Mon. 27 Feb. 2023 12:01am EST by Judy Byington
Global Currency Reset:
Sun. 26 Feb. A High Up Contact: Right now the new Quantum Financial System is operational and has successfully completed trial payment disperse. All funds were loaded into Paymaster Accounts by Thurs. 23 Feb. Beginning that same Thurs. to Fri. 23, 24 Feb. Contracts were being funded, with a completion of the release of monies scheduled by Mon. 27 Feb.
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 Mon. 27 Feb. 2023
Compiled Mon. 27 Feb. 2023 12:01am EST by Judy Byington
Global Currency Reset:
Sun. 26 Feb. A High Up Contact: Right now the new Quantum Financial System is operational and has successfully completed trial payment disperse. All funds were loaded into Paymaster Accounts by Thurs. 23 Feb. Beginning that same Thurs. to Fri. 23, 24 Feb. Contracts were being funded, with a completion of the release of monies scheduled by Mon. 27 Feb.
A High Up Contact cont…..Monies would then begin moving on Mon 27 or Tues. 28 Feb. AnEvent concerning the Supreme Court was expected to happen on Wed. 1 March, which would then start a Three Day Blackout (perhaps a Black Swan Event?).
Sat. 25 Feb. MarkZ: Based on the news from Iraq I am in hope that our exchanges will start sometime this upcoming week. The chatter is overwhelmingly good. Bond folks are now hearing that they will see their funding on Mon. 27 Feb.
Sat. 25 Feb. Okie (not OkieOilMan) via Twitter: On Fri. 24 Feb. mass amounts of money was moved. The new rates can come at any hour. The circumstances have been immensely enhanced in the last 48 hours. Our time is nigh, closer than what anyone may realize. Buckle up and prepare. Rates are hot and showing from the Central Banks to Corporate level, but not on bank teller screens. There is a countdown mode in progress. No one knows the rates and date of release, but this appears to be hotter than ever.
Sat. 25 Feb. X22 Report Bitcoin Gold Will Rise, Fiat Implode: https://dinarchronicles.com/2023/02/24/x22-report-w-bob-kudla-in-the-end-bitcoin-gold-will-rise-and-fiat-will-implode/
Your Financial Bible – The Quantum Financial System of NESARA/GESARA: Come back (amg-news.com)
Read full post here: https://dinarchronicles.com/2023/02/27/restored-republic-via-a-gcr-update-as-of-february-27-2023/
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KTFA:
Clare: Al-Sudani and the Director of Arab Monetary discuss Iraq's involvement in the international financial system
2/26/2023
Prime Minister Muhammad Shia Al-Sudani received today, Sunday, the Director General of the Arab Monetary Fund, Abdul Rahman Al-Hamidi
The Prime Minister's Office said in a statement, a copy of which the Euphrates News Agency received, that "during the meeting, they discussed mechanisms for joint cooperation in the field of supporting financial and banking policies and building human capacities, and discussing Iraq's steps in engaging with the international financial system, and the most prominent measures and reforms that the government is taking in this field."
The banking and financial sector, thus contributing to the promotion of economic development in Iraq. LINK
************
Courtesy of Dinar Guru
Frank26 They're telling us they're going to float the Iraqi dinar. Right now it's an internal float. 1750 to 1700 to 1550. What is it right now - 1300? We're looking for maybe 1190? 1000? It's going in the right direction. They're telling you the rate. They told you they were doing an internal float. They told you they're going to do an external float at least 1 to 1 with the American dollar.
Walkingstick & Frank26 A reinstatement of a currency of a country has never started at a 3+ with its exchange rate. Never...What about Kuwait? ...They reinstated. They put back the rate that they took down...They went back to $3.22. That is a reinstatement. The Iraqi dinar is not doing that. The Iraqi dinar is doing a reinstatement with a re-denomination. That is a completely different story. Kuwait was an RI. Iraq is an RD plus an RI. Kuwait could come out at its original exchange rate of $3+ but Iraq's monetary reform is a completely different matter. Iraq is a re-denomination that leads to a reinstatement of a new currency, for example the new small category notes.
Wooow this is happened in Europe crazy stuff
Nader From the Mid East: 2-26-2023
MARKETS A LOOK AHEAD: Is ALL HELL About To Break Loose? Let's Find Out...
Greg Mannarino: 2-26-2023
Goldilocks Sunday Night Post/Update
Thank you RJ for sending this to Dinar Recaps.
Good evening Dinar Recaps,
Goldilocks just posted the following at 9 pm EST - huge information this evening:
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Director General of the Arab Monetary Fund, Dr. Abdul Rahman Al-Hamidi.
His Excellency the Governor said in his speech: The Arab Monetary Fund has provided unremitting efforts in support, advice and training to the Central Bank of Iraq and its cadres, in implementing field surveys related to indicators of financial inclusion in Iraq.
For his part, Dr. Al-Hamidi praised the role of the Central Bank of Iraq in consolidating the work of the fund, and supporting its policies and programs, while expressing the fund's readiness to provide technical support and capacity-building in areas related to the bank's work, praising the role of the Central Bank of Iraq in launching the payments platform (Bunu) in the field of Coverage of payments for intra-trade using various types of currencies.
Thank you RJ for sending this to Dinar Recaps.
Good evening Dinar Recaps,
Goldilocks just posted the following at 9 pm EST - huge information this evening:
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Director General of the Arab Monetary Fund, Dr. Abdul Rahman Al-Hamidi.
His Excellency the Governor said in his speech: The Arab Monetary Fund has provided unremitting efforts in support, advice and training to the Central Bank of Iraq and its cadres, in implementing field surveys related to indicators of financial inclusion in Iraq.
For his part, Dr. Al-Hamidi praised the role of the Central Bank of Iraq in consolidating the work of the fund, and supporting its policies and programs, while expressing the fund's readiness to provide technical support and capacity-building in areas related to the bank's work, praising the role of the Central Bank of Iraq in launching the payments platform (Bunu) in the field of Coverage of payments for intra-trade using various types of currencies.
It is noteworthy that the Central Bank of Iraq is an active member of the Arab Monetary Fund, and is considered one of the largest shareholders among central banks and financial institutions, and invests part of its foreign reserves with it.
Central Bank of Iraq
Media Office
https://cbi.iq/news/view/2249
What is Buna?
A payment system that empowers economic integration and financial inclusion.
Participants can join Buna smoothly and efficiently via a comprehensive and well-documented process.
Applying high global standards for compliance and data privacy.
Enabling effortless connectivity and easy integration of participants.
Right now, over 100 participants have onboarded the Buna System.
https://buna.co/
In other words, Iraq has just been accepted inside a centralized cross-border and multi-currency payment system.
Yes, Iraq has just been given the green light to move forward with their digital asset-based economic reforms.
In March, Iraq will meet to determine a budget. One of the items on this list is a rate.
© Goldilocks
MilitiaMan and Crew "Huge News" Sunday 2-26-2023
Final Article #1 Video
MilitiaMan and Crew: 2-26-2023
MilitiaMan: There is some really big information that came out today…From The Arab Monetary Fund and Al Sudani talking about joining the International banking system .
This is huge.
These people are telling us they are going International.
Final Article #1 Video
MilitiaMan and Crew: 2-26-2023
MilitiaMan: There is some really big information that came out today…From The Arab Monetary Fund and Al Sudani talking about joining the International banking system .
This is huge.
These people are telling us they are going International.
Goldilocks Sunday PM "ISO20022" 2-26-2023
Thank you R.J.
R.J.: Good Afternoon Dinar Recaps,
Goldilocks posted another commentary and link this afternoon:
Gold will move us from a debt-based system to a credit-based system.
When gold is enforced as a mandate, it directs our attention toward an economy based on real values.
Standards on how this is done and standards on a fixed amount of gold attached to our currencies are applied.
This is why we are witnessing so much attention being placed on standardizing our payments around the world through ISO20022.
Thank you R.J.
R.J.: Good Afternoon Dinar Recaps,
Goldilocks posted another commentary and link this afternoon:
Gold will move us from a debt-based system to a credit-based system.
When gold is enforced as a mandate, it directs our attention toward an economy based on real values.
Standards on how this is done and standards on a fixed amount of gold attached to our currencies are applied.
This is why we are witnessing so much attention being placed on standardizing our payments around the world through ISO20022.
The International Payment System will give us a standardized process to move our digital assets around the world based on a fixed rate of gold.
Look closely at the two ideas formed in the previous paragraph and put them together. When you do, you will understand the meaning of Gold Standard.
Currently, we are under a 100% gold mandate to back our economy by gold. On March the 20th 2023, we will have a standard payment system internationally under a gold mandate to serve as a Gold Standard of payment around the world.
At that time, gold will be the World Reserve Currency and standard we adhere our global economy around.
© Goldilocks
https://goldseek.com/article/can-gold-push-out-us-dollar-international-tensions-come-boil
More News, Rumors and Opinions Sunday Afternoon 2-26-2023
KTFA:
Henig: World Bank promises easing in structuring the debt of troubled economies
Economy News - Baghdad
World Bank President David Malpass said in a meeting with the International Monetary Fund, India, China and other creditor countries on Saturday that the World Bank would "provide as much ease as possible in addressing debt" to struggling economies.
The comments come amid calls from China, the world's largest bilateral creditor, for global lenders to reduce the value of loans to developing countries affected by the impact of the Russia-Ukraine war and the Covid-19 pandemic.
Meanwhile, the United States has repeatedly criticized China for being "slow" in relieving debt relief for dozens of low- and middle-income countries.
KTFA:
Henig: World Bank promises easing in structuring the debt of troubled economies
Economy News - Baghdad
World Bank President David Malpass said in a meeting with the International Monetary Fund, India, China and other creditor countries on Saturday that the World Bank would "provide as much ease as possible in addressing debt" to struggling economies.
The comments come amid calls from China, the world's largest bilateral creditor, for global lenders to reduce the value of loans to developing countries affected by the impact of the Russia-Ukraine war and the Covid-19 pandemic.
Meanwhile, the United States has repeatedly criticized China for being "slow" in relieving debt relief for dozens of low- and middle-income countries.
The World Bank is committed to providing positive net flows in a way that further facilitates the restructuring process," Malpass said at a meeting on global sovereign debt in Bengaluru, India, on the sidelines of the G20 Financial Leaders' Meeting.
"We will provide as much facilitation as possible to tackle debt."
Malpass also said he referred to the "constructive statements" of China's deputy governor at Friday's G20 meeting that "gave room to move forward" in settling debt issues.
Reuters reported earlier this month that India, the current G20 chairman, was drafting a proposal for G20 countries to help debtor countries by asking lenders to significantly reduce loans. LINK
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Courtesy of Dinar Guru
Frank26 Articles: “Sudanese advisor: Central Bank reserves are subject to guidelines regarding diversification between currencies” DIVERSIFICATION BETWEEN CURRENCIES…BECAUSE THE IQD IS ABOUT TO FLOAT AGAINST MANY FOREIGN CURRENCIES… THIS IS CURRENCY REFORM EDUCATION! …this is explaining the external float to the Iraqi citizens…
Sandy Ingram CBI announced Iraq will do business with China using the Chinese currency…this is an attempt the Central Bank of Iraq is saying to stabilize or help stabilize the IQD.
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TNT:
RVAlready: Iraq said they now have dollar price stability. Now, a quick review for the people on how their new currency will work, and then go to 1 to 1 and put it on forex.
CandyKisses: Disclosure of prior parliamentary consensus to approve the budget
Information/Baghdad..
The representative of the State of Law Coalition, Ahmed Al-Watifi, confirmed, on Sunday, that the governments of Baghdad and Erbil will soon reach an integrated road map to resolve the crises, indicating that parliamentary consensus exists and is awaiting the budget to be passed.
Al-Watifi said in an interview with Al-Maalouma Agency, "The budget agreement is in its final stages, and we are optimistic about reaching an agreement that can be implemented within the House of Representatives."
He added, "There are understandings between the political blocs on the need to pass every law that provides service to the citizen and not obstruct it within the House of Representatives."
He pointed out that "there are positive indicators and understandings to move forward in resolving the differences and outstanding issues between Erbil and Baghdad," noting that "the negotiations reached a set of understandings between the two sides to resolve the differences and outstanding issues between Erbil and Baghdad."
Earlier, the representative of the Kurdistan Democratic Party, Jay Taymur, revealed the scenes and developments of the recent meetings and negotiations that took place between the federal government and the delegation of the Kurdistan Regional Government regarding the oil and gas law, the share of the region, and ending the outstanding differences, stressing that the agreement is almost in place between the two parties.
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Taiwan's head of government resigns
Taiwanese Prime Minister Su Tseng-chang tendered his resignation on Thursday.
"I once again ask Taiwan's Chief of Staff Tsai Ing-wen to relieve me of my position as head of government," he wrote on Twitter. "I ask that a new candidate be appointed to the position as soon as possible."
CPI Disaster - They Are Redefining Inflation Again
Sean Foo: 2-26-2023
The Fed has coined a new term, Supercore inflation which takes away food, energy and now, shelter as well! They are trying to redefine what inflation is and if all they focus on is this, the economy is in deep trouble.
Here's why inflation today is poorly measured and how dangerous it is to keep changing its definition to fit a narrative!
Timestamps & Chapters:
0:00 The CPI Twilight Zone
2:06 Supercore Inflation Insanity
5:17 Redefining Inflation Again
7:34 The Fed Has Lost Control
8:56 Don't Fall For It!
10:55 Uncertainty To The Moon
"Tidbits From TNT" Sunday 2-26-2023
TNT:
Tishwash: Economists call for the elimination of dollarization of the Iraqi economy
Iraqi economists called on state officials to eliminate dollarization in the economy, in order to meet the growing demand for the dollar currency.
And the Central Bank of Iraq launched a series of measures to counter the rise in the exchange rate of the dollar against the dinar, including the settlement of private sector trade between Iraq and China, in the yuan currency through the American JPMorgan Bank.
The economist, Mahmoud Dagher, told Al-Iqtisad News that businessmen and importers have begun to increase their numbers to go to banks to obtain dollars to cover imports, and this is a very important step that will contribute to reducing the demand for dollars in the parallel market.
TNT:
Tishwash: Economists call for the elimination of dollarization of the Iraqi economy
Iraqi economists called on state officials to eliminate dollarization in the economy, in order to meet the growing demand for the dollar currency.
And the Central Bank of Iraq launched a series of measures to counter the rise in the exchange rate of the dollar against the dinar, including the settlement of private sector trade between Iraq and China, in the yuan currency through the American JPMorgan Bank.
The economist, Mahmoud Dagher, told Al-Iqtisad News that businessmen and importers have begun to increase their numbers to go to banks to obtain dollars to cover imports, and this is a very important step that will contribute to reducing the demand for dollars in the parallel market.
He added that selling goods in foreign currencies inside the Iraqi market increases demand, and this is called dollarization, a procedure that shakes the citizen's confidence in his currency.
On the other hand, economist Aqil al-Ansari told Al-Iqtisad News that the state must control dollarization by preventing the sale of goods in the local market in dollars or any other currency except for the Iraqi dinar.
He stressed that this matter will lead to reducing the demand for the dollar, and therefore the dollar will go to the main needs to cover Iraq's imports of goods, indicating that the last consumer must pay in the dinar currency, while the main importer is the one who buys the dollar from the banks.
He pointed out that what is happening now is the organization of foreign trade for Iraq, which is a very important measure for the Iraqi economy and ends the chaos that was taking place. link
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Tishwash: An economist explains about replacing the dollar with the yuan in dealing with China
Economic expert Abd al-Rahman al-Mashhadani explained, on Saturday, the process of trade exchange with China in yuan instead of the US dollar, while stressing that the process will be under the supervision of the Singapore Development Bank and the American J Morken Bank.
Al-Mashhadani said in an interview with Al-Maalouma agency, "The decision came to facilitate the process of transferring money to China to finance trade and reduce auditing procedures," noting that "the Chinese yuan is considered one of the global currencies that can be relied upon in all countries of the world."
He continued, "The decision is part of the options to diversify the financing of Iraqi trade with the major countries of the world," noting that "the mechanism will be in two ways, the first is: making part of the oil export money block to Iraq in Chinese yuan, on the basis of which commercial transactions will be settled, and the second It is: they give dollars to these banks in order to obtain Chinese yuan for trade financing purposes.”
And he added, "The purchase process for Iraqi merchants will be by buying dollars from the electronic platform, and the money is transferred to China in yuan to finance import purposes," noting that "Iraq's problem with regard to the dollar is the merchants' lack of commitment to the official transfer process through the electronic platform so far."
And the Central Bank of Iraq had announced earlier about the second package of facilities to obtain foreign currency, including reliance on the yuan currency to organize the financing of foreign trade from China link
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Tishwash: Is Saudi Arabia preparing for the collapse of the petrodollar and US dollar dominance?
One of the most illusory phenomena in our current existence is the money we use for buying, selling and hoarding on a daily basis. It is, to put it simply, in the air, backed up by nothing and reliant on nothing, yet at the same time highly delicate and sensitive to geopolitical and monetary shifts.
The currencies we all use are reliant on the strength and performance of the US dollar, and that dollar is backed up by debt and the global trust in itself and its delicate monetary system. There was a time, half a decade ago, when the dollar and other prominent currencies were backed by gold, that secure and stable asset largely immune to the wild swings and falls of today's debt-based system.
That was until US President Richard Nixon took the dollar off that gold standard in 1971, in a pivotal and momentous move which both secured America's supremacy in the global economy – at least until now – and deemed Washington and the subsequent monetary system to a future of inevitable crashes, and many say an eventual collapse.
Since then, especially in this digital age, fiat money consists of little more than digits on a screen, based on a system of automated calculations and manual interventions. Businesses procure money and employees are paid it, yes. Consumers spend it and it is essential to survival and attaining basic necessities, true. Yet the fact remains that at any time, the amount can be seized, altered, or removed from an account with little immediate impact on an economy, as it is not backed by any material or tangible assets subject to limitations.
We deal with mere numbers on a screen, which a bank can quite literally edit at will. With physical cash, this is not entirely the case, but even that is subject to that reality. As our world becomes ever more digitalised and less reliant on cash, this will only grow. As the Wolf of Wall Street popularised, our current monetary system, along with its markets and stocks, are simply "fugazy".
A major part of that system and America's hegemony over it, of course, has been the 'petrodollar' – the payment of US dollars for the trade and sale of oil globally from Saudi Arabia and other member states in the Organisation of the Petroleum Exporting Countries (OPEC) – following the deal struck between Washington and Riyadh in 1974, coincidentally a mere three years after Nixon took the dollar off the gold standard.
That deal not only secured military defence of the kingdom through guarantees by the US, but also secured a stable stream of foreign purchase of US Treasury bonds and debt – a strategy of recycling the petrodollars back unto Washington – through the Gulf state's reserves. Like any good business, that stable stream successfully resulted in many more streams of reserves, powered by the subsequent rolling success of the dollar and the increase of global trust in its stability. It was one of the machine's most essential components.
So when it was revealed last year that Saudi Arabia is considering trading its oil with China in the yuan, it was no small matter or minor shift. Many analysts at the time – largely pro-Western – played it down as merely a symbolic gesture, a tactic to pressure the US or send a political message. Almost a year on, however, the kingdom seems to be serious in those potential intents. At Davos in January, Finance Minister Mohammed al-Jadaan revealed Riyadh's willingness to trade in not just the yuan, but also a variety of other currencies.
Saudi Arabia has not been the only country, as other considerable US allies such as India, Pakistan, and UAE have also struck deals with Russia or China to pay for oil or other commodities in their various respective local currencies. Iraq was the latest to distance itself from dollar dominance, announcing this month that it plans to regulate foreign trade from China directly in yuan.
Those states' decisions – predicted soon to be joined by many more – have represented a huge shift towards a more decentralised global monetary system away from the dollar, primarily due to a major miscalculation by Washington in its hard-hitting sanctions against Russia at the outset of Moscow's invasion of Ukraine.
Without defending the Kremlin and its so-called 'special military operation', and without condemning sanctions which do have their uses as a non-physical measure and financial pressure, the US seems to have scored a devastating self-goal against its currency when it cut Russia off from the SWIFT payment system and froze over $350 billion of its gold and foreign exchange reserves. That act alone massively reduced trust in the dollar-based monetary system amongst many countries, especially those in the Global South which have long been sceptical of US hegemony, causing them to further question the viability and risk of holding their reserves in the mighty dollar.
That is exactly why the Ukraine war is such a pivotal issue – it is a gamble the US is willing to take to re-secure the dollar's fortunes, having the potential to restore trust in it as a stable currency worthy of remaining the dominant global reserve exchange. That is if Ukraine wins and lands a Russian defeat. If Kyiv loses and Moscow scores a victory, though, it would spell a further disaster for the dollar. There lies one of the primary reasons why so much is reliant on the results of the war in Ukraine.
In that equation, Saudi Arabia does not intend to rely on the outcome of the war to determine its foreign and economic policies. It insists on maintaining excellent relations with the US while at the same time expanding its ties with Russia, China, and other powers to the east. it will continue to trade largely in dollars in the foreseeable future, but will at the same time be open to accepting other currencies even if that comes at the apparent expense of American hegemony and represents a breach of the petrodollar agreement with Washington all those decades ago.
The kingdom's interest in joining BRICS – the economic bloc consisting of Brazil, Russia, India, China, and South Africa – is part of that policy outlook, along with Iran's, Turkiye's, Algeria's and Egypt's who also aim to join the bloc. Rather than an exclusive club for the developing world's fastest-growing economies, they view BRICS as an opportunity for countries in the Global South to band together to either match the dominance of the US dollar or secure a place in the attempt to do so.
Due to discuss the expansion of the bloc this year, BRICS is soon to decide on the potential membership of those nations. If Saudi Arabia is accepted and joins it, it would be hailed as a momentous blow to the dollar and the end of petrodollar recycling, as the kingdom would then be more economically interconnected with the likes of China and India in particular.
Already, analysts and economists are speculating on potential of countries selling their US dollar reserves, particularly the effects of a mass dump by some of the most prominent holders. China, for instance, is the largest at $3.184 trillion in reserves, while India's numbers $573.7 billion and Saudi Arabia's $457.66 billion. If they were to sell or drop even a fraction of their reserves, especially in a coordinated effort, it would severely dent the US dollar's strength and reputation even further.
This is not certainly not the first time the American currency's dominance has been threatened, nor is it the first time total global dollar reserves held by central banks have dropped significantly, as they have been declining for the past two decades or so and were at some of the lowest levels even prior to the Ukraine war.
Now it is different, however, and there has never been a threat to the dollar's supremacy as significant as this. There is a good reason central banks throughout the world last year bought the most gold on record since 1950, in an effort to combat rising inflation and financial instability. They know best the fragility of our precarious monetary system, as they aim to stabilise themselves with the asset that would forever remain valuable.
Whether the counter to the US dollar will be the yuan, a BRICS currency, or some other gold or asset-backed currency in the future, Saudi Arabia sees that the current global reserve may be on the decline for good. The kingdom is preparing to diversify its reserves and trade practices for whatever may lay ahead. link
The Rise of BRICS: The economic giant that is taking on the West
Mot: Just Found Out ! - The RV will Happen When Elephants Can Fly!!!!
Mot: ... Does Make Ya Wonder = What Were They Thinking!!???
Goldilocks "USN Notes Are Moving" Sunday 2-26-2023
Goldilocks and Seeds of Wisdom
R.J.: Good morning Dinar Recaps,
Goldilocks posted a commentary with 2 links:
"DEUTSCHE TELEKOM INTERNATIONAL FINANCE B.V. LAUNCHES CASH TENDER OFFER FOR TWO SERIES OF ITS U.S. DOLLAR NOTES"
"The difference between a United States Note and a Federal Reserve Note is that a United States Note represented a "bill of credit" and, since it was issued by the government itself and does not involve either lending or borrowing, was inserted by the Treasury directly into circulation free of interest."
This is the meaning of moving into a SOFR/Collateral Based lending system of credit.
Thus, USN notes are moving.
Goldilocks and Seeds of Wisdom
R.J.: Good morning Dinar Recaps,
Goldilocks posted a commentary with 2 links:
"DEUTSCHE TELEKOM INTERNATIONAL FINANCE B.V. LAUNCHES CASH TENDER OFFER FOR TWO SERIES OF ITS U.S. DOLLAR NOTES"
"The difference between a United States Note and a Federal Reserve Note is that a United States Note represented a "bill of credit" and, since it was issued by the government itself and does not involve either lending or borrowing, was inserted by the Treasury directly into circulation free of interest."
This is the meaning of moving into a SOFR/Collateral Based lending system of credit.
Thus, USN notes are moving.
Again, we must remember that the Deutsche Bank reaches into all the banks around the world.
As we discussed in the case of Iraq, they are already using USN notes while you and I are currently using USD.
Changes are coming.
© Goldilocks