Sean Foo and Greg Mannarino 5-9-2023
2,315 Banks Are Potentially Insolvent | The Banking Crisis Is Worse Than We Thought
Sean Foo: 5-9-2023
Experts are warning that the banking crisis is actually worse than we think. There are potentially over 2,300 banks insolvent and it's thanks to higher interest rates.
The Fed's rate hikes have imploded the assets of many banks and if bank runs continue, we could be seeing more collapses and consolidations happening.
Here's what you must know!
2,315 Banks Are Potentially Insolvent | The Banking Crisis Is Worse Than We Thought
Sean Foo: 5-9-2023
Experts are warning that the banking crisis is actually worse than we think. There are potentially over 2,300 banks insolvent and it's thanks to higher interest rates.
The Fed's rate hikes have imploded the assets of many banks and if bank runs continue, we could be seeing more collapses and consolidations happening.
Here's what you must know!
Timestamps & Chapters:
0:00 Banking Crisis Is Huge
2:25 2,315 Banks Potentially Insolvent
4:44 The Fed Will Push The Banks Off A Cliff
6:51 Sponsor - Private Internet Access
8:20 Banks Have Huge Hidden Losses
11:09 Huge Bailout Coming
13:34 Inflation Is For Forever
LIVE! A "CONFidence" Crisis Will Cause A Financial MELTDOWN.
Greg Mannarino: 5-8-2023
"Coffee With MarkZ" Tuesday Morning Chat 5-9-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Tuesday 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: Welcome to a Terrific Tuesday
Member: Anticipation fatigue is real…….we sure need to see more action and less “chatter” Hoping today is that day.
Member: I read that an announcement in coming today… hopefully USTN or New Republic.
Member: Mark z? you think we're going to have to wait until July for the RV what's your gut feeling?
Member: Goldilocks keeps say the worldwide reset will be finished by June 30th.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Tuesday 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: Welcome to a Terrific Tuesday
Member: Anticipation fatigue is real…….we sure need to see more action and less “chatter” Hoping today is that day.
Member: I read that an announcement in coming today… hopefully USTN or New Republic.
Member: Mark z? you think we're going to have to wait until July for the RV what's your gut feeling?
Member: Goldilocks keeps say the worldwide reset will be finished by June 30th.
MZ: Nader dropped one that is really the conversation that continues in Iraq overnight and this morning. About the parallel market and how quickly within 2-3 weeks they expect the value of the dinar to change greatly compared to the US dollar. They are openly talking about it.
MZ: MilitiaMan also did a new video. Talking about the exchange rate change. They are telling us quite blatantly that we are in the final days to weeks of the process for Iraq to change the value of their currency. They are not hiding it.
MZ: Remember we will continue to hear ups and downs in the news. Don’t ride that roller coaster.
MZ: on the paymaster and bond side…..they are telling us we are taxi-ing up to the gate. We are on the verge and expecting it at any moment. They are cracking down on any leaks right now. So getting any solid info is difficult right now. Based on the movement they are in the position for them to pull the trigger at any moment.
Member: At least the window is open
Member: The window is wide open but evidentially the storm window is stuck... LOL
MZ: We will just continue in this holding pattern for now. We don’t know if this holding pattern will last an hour or a day or 2 days…..or more. We need to try to stay calm.
Member: This coming weekend (Thursday through Tuesday) is really looking good. I heard that currency dealers are now on HIGH ALERT for the price increase on currencies. This shwos the exchange is near.
MZ: I have been told to expect a lot of activity this week. I don’t know if this means we will get our actual 800 numbers or not but we are certainly seeing a lot of movement of key people changing locations in key cities.
Member: I heard Zims are not worth anything
MZ:I have not heard that at all from any of my people.
Member: guys Trump gave out 100t zim to his contestants on The Apprentice in 2012. He said hold on to them they will be worth a fortune someday!
Member: There are 9 Nations that are insolvent and can not pay their bills. Canada, America, Australia, Japan, Mexico, New Zealand , Europe, Taiwan, UK, and Israel.
Member: I really want to know what the dinar rate will be.
Member: Frank said dinar can't go higher than Kuwait they made a deal. 4 dollar range.
Member: I believe everything is ready with Iraq. They'll release when it is the best time for them. Maybe they're waiting on the Dong? Who knows, but we know it will happen
Member: I'm confused are we waiting for Iraq, the EBS or US Treasury?
Member: Maybe all of the above? The point is someone is holding this up……
MZ: How about all three? Iraq is forcing the issue by moving forward. They have dotted their I’s and crossed their t’s to go solo…..this is forcing the gold treaty to a conclusion one way or another. Iraq is very clear they will be going with or without everybody else. Mp matter what..
Member: I read that there are daily protests in 4 locations in Iraq over the budget not done.
MZ: Especially in the Kurdistan region. A lot of employees are not getting paid because the budget has dragged. The government there is feeling the pressure. They know they have to pull the trigger.
Member: Come on Iraq…Just “do it”
Member: didn't Charlie say their CBDC will be allowed to happen to "wake the people up"? hope not- I'm sick of hearing that excuse
Member: Charlie Ward said the white hats told him Americans are not awake enough.
Member: Anyone still not awake is in a coma……Only the truth will do the rest….Rip off the damn bandaid…arrest the bad guys and let the world start to heal……please.
Member: The US citizens that are not awake are NOT going to wake up…. Seriously…. I don’t want to hear enough people are not awake! That’s ridiculous…. Grrrrrrrrrrrrr….
Member: I really didn't think "The white hats " would carry this out this far with the suffering with patriots
Member: Well maybe there is no “white hats” its all fake news to keep us calm and inactive.
Member: We’re in the perfect storm to happen …looking at all the signs ….don’t lose faith we got this
Member: I don’t think that people understand the enormity of ridding the world of evil. And changing the fiat currencies to commodities backed currencies.
Member: How will we know what to bring to our exchange apt.
Member: Mark has always said to bring your currency and whatever you need to open a new bank account…..ID’s ect…..It will not be difficult.
Member: a week ago Sunday Dinar Recaps sent out an exchange check list. I printed it out very informative
Member: Thanks everyone for all the info. Have a great day .
StacieZ and crew join the stream at the end. Please listen to the replay for their information
THE INFO IN THIS PODCAST IS FOR GENERAL 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
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
MZ: Farm Claims are what started the whole Nesara movement. So if you want a bit of History …please watch this one. https://www.youtube.com/watch?v=sAL0exvL45Y
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.
"Tidbits From TNT" Tuesday Morning 5-9-2023
TNT:
Harambe: Vietnam Reserves Forecast to Climb to $95 Billion … Dong Strength | Bloomberg (5/9/23)
Vietnam’s foreign-exchange reserves excluding gold are forecast to rebound to $95 billion by the end of the year as the central bank rebuilds its stockpile, Moody’s Investor Service said.
“The recent appreciation of the dong, which reflects the improved external position, would give the central bank space to rebuild the FX buffers that were spent down during the US dollar’s rally last year,” said Nishad Majumdar, a sovereign analyst in Singapore. Reserves stood at $88.3 billion in January, according to the International Monetary Fund.
TNT:
Harambe: Vietnam Reserves Forecast to Climb to $95 Billion … Dong Strength | Bloomberg (5/9/23)
Vietnam’s foreign-exchange reserves excluding gold are forecast to rebound to $95 billion by the end of the year as the central bank rebuilds its stockpile, Moody’s Investor Service said.
“The recent appreciation of the dong, which reflects the improved external position, would give the central bank space to rebuild the FX buffers that were spent down during the US dollar’s rally last year,” said Nishad Majumdar, a sovereign analyst in Singapore. Reserves stood at $88.3 billion in January, according to the International Monetary Fund.
Vietnam‘s central bank bought about $6 billion of US dollars this year to boost its reserves, according to Nguyen Quoc Hung, general secretary of Vietnam’s Bank Association. The data was given by central bank Governor Nguyen Thi Hong in a meeting last week, he said Tuesday.
“Being able to buy that $6 billion to add into the forex reserves, the central bank will have more capacity to ensure its dollar supply to banks for import demand,” Hung said. This is very significant for the economy,” he said.
The recovery in tourism and steady foreign direct investment inflows will help boost the nation’s reserves even as exports weaken, Majumdar said in an emailed response to questions Tuesday.
Dong Strength
The dong has advanced 6% in the past six months, joining a rally in Asian peers, as the US dollar’s strength faded.
“While we don’t forecast the exchange rate, we expect the authorities to prioritize exchange rate stability as a means to stabilize inflation and create certainty for inbound investors,” Majumdar said.
A stronger dong reduces the local-currency value of the government’s external debt, which still accounts for about a third of overall government borrowing, he said.
It will also likely mitigate the impact of higher import and manufacturing input costs into domestic inflation, giving the authorities further space to pursue a more accommodative monetary policy, he said.
************
Tishwash: Baghdad.. Demonstrators began flowing to Tahrir Square to demand approval of the salary scale (photos)
Today, Tuesday, our correspondent reported that the demonstrators began to flock to Tahrir Square in the center of the capital, Baghdad, to demand the approval of the salary scale.
The (Baghdad Today) correspondent said, "Hundreds of demonstrators began to flock to Tahrir Square in the center of the capital, Baghdad, to demand the approval of the salary scale."
Earlier in the day, the Higher Coordinating Committee for Iraqi Employees announced the postponement of the (salary scale) demonstrations, scheduled for today, until further notice.
A statement by the committee, received by (Baghdad Today), stated that "it was decided to postpone the demonstrations (the salary scale) scheduled for today, Tuesday," indicating that "the government agencies began to comply with the demands of the revolution and announced unconditional approval and made promises to approve the salary scale within a maximum period of the end of next June."
And this morning, a security source reported, with an extensive deployment of security forces in Tahrir Square and the approaches to Al-Jumhuriya Bridge in the center of the capital, Baghdad.
The source told (Baghdad Today) that, "in anticipation of any demonstration, the security intelligence of Karkh and Rusafa directed that the working hours be 100% for the days of Tuesday and Wednesday, while preventing the granting of leave during them." link
************
CandyKisses: Financial Inclusion Week in Iraq concludes
Economy News _ Baghdad
Under the supervision of the Central Bank and the Association of Private Banks, the activities of the Financial Inclusion Week, which was held throughout Iraq, were concluded, with great participation by banks, electronic payment companies and finance companies.
The Financial Inclusion Week is held in all Arab countries in coordination with the Arab Monetary Fund, and aims to raise awareness of the importance of the banking sector, and includes various events such as conferences, workshops, seminars, awareness and education campaigns, and financial and governmental institutions, non-governmental organizations and members of civil society participate in these events.
Financial inclusion is the provision of financial services to all without exception, including the poor and marginalized, including bank accounts, insurance, loans and other services. Financial inclusion aims to promote economic development and improve the economic climate of the country.
During these events, which were held in the governorates of Baghdad, Basra, Erbil, Sulaymaniyah, Kirkuk, Maysan, Babylon and Nineveh, and targeted commercial centers, businessmen, students, entrepreneurs and others, citizens were able to open bank accounts and benefit from the services provided by banks with regard to electronic cards, loans, remittances, and others.
The Executive Director of the Association of Private Banks, Ali Tariq, said that the Financial Inclusion Week is an annual event held in many countries around the world, and has many positive effects on societies, including promoting economic and social development, improving the standard of living for individuals and communities, increasing employment opportunities and improving the economic situation of families and poor groups.
He pointed out that enhancing investment and economic development of countries, improving financial governance and contributing to reducing financial corruption, improving access to financial services and insurance for the most needy groups, such as poor and marginalized groups, women and youth, and enhancing financial and economic stability for individuals and communities.
He pointed out that it can be said that financial inclusion contributes significantly to improving the economic and social situation of individuals and societies.
For his part, the banking advisor of the Iraqi Private Banks Association, Samir Al-Nasiri, said that in light of the program prepared by the Exchange Association, the activities of the Arab
Financial Inclusion Week were launched in conjunction with its launch in all Arab countries, including Iraq, pointing out that the Iraqi banking sector has achieved a wide spread at the level of opening bank accounts and spreading in banking services.
He added that the celebration of financial inclusion included the establishment of festivals and events to spread banking culture, and during this year the financial inclusion strategy will be launched, which began its features since 2016 and achieved a lot of them at the level of achievements in the subject of spreading banking culture, as the World Bank reports that Iraq has achieved a leap in financial inclusion from 11% to 33.5%, which is a good percentage compared to regional countries that practice the same activity, we hope that these events will continue with great success according to the program. prepared for it.
The Dean of the College of Business Economics at Al-Nahrain University, Dr. Nagham Hassan Nehme, said that the university used to hold this event annually because of the existence of partnership relations with the Association of Iraqi Private Banks and the Central Bank of Iraq, and this day is considered special because of its great significance at the level of professors as well as students.
She pointed out that this day represents an important thing to learn about the distinguished services provided by banks, electronic payment companies and project finance companies and how to pave the way for students after their graduation to work in banking institutions.
The Director of Relations of the Islamic World Bank, Omar Al-Agha, explained that according to the directives of the Central Bank of Iraq and with great support from the Association of Iraqi Private Banks, we held financial inclusion events to familiarize all members of society with the work of the bank by presenting the multiple services provided to them.
He pointed out that the last five years of financial inclusion has begun to mature in Iraq through the understanding and awareness of the citizen For banking services and how to use electronic payment tools.
Mot: ... Sorry Girls!! -- its a Guy Thingy!!! ~~~~
Mot: ............. Honey!!! -- What Are Ya Doing!!!??? .....
Judy, Nader, MilitiaMan and More...Tuesday AM 5-9-2023
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 Tues. 9 May 2023
Compiled Tues. 9 May 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 8 May MarkZ: The window is open wide according to all of my sources. We don’t know what that means timing wise yet. Zimbabwe launched today. There is a 2 day window to buy their digital gold tokens backed by physical gold.
“The Emergency Broadcast System will go off, the Markets will shut down, we will have two to ten days of Disclosure, after which Tier4b (Us, the Internet Group) will receive Notification to set exchange/redemption appointments.” …David XRP on the Charlie Ward Show (Dr. Ward, who under several NDAs, agreed with what David XRP had to say).
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 Tues. 9 May 2023
Compiled Tues. 9 May 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 8 May MarkZ: The window is open wide according to all of my sources. We don’t know what that means timing wise yet. Zimbabwe launched today. There is a 2 day window to buy their digital gold tokens backed by physical gold.
“The Emergency Broadcast System will go off, the Markets will shut down, we will have two to ten days of Disclosure, after which Tier4b (Us, the Internet Group) will receive Notification to set exchange/redemption appointments.” …David XRP on the Charlie Ward Show (Dr. Ward, who under several NDAs, agreed with what David XRP had to say).
The following nations are insolvent and cannot continue on without the reset: United States, Canada, Europe, UK, Israel, Taiwan, Australia, New Zealand and Japan
Schedule of Events: The Emergency Broadcast System may activate at any time.
Mon. 8 May: Zimbabwe launched their gold coin.
Wed. 10 May: Crypto Currency Crash as 12 wallets declare bankruptcy. Bitcoin already down.
June: Stock Market Crash
Fri. 16 June 2023: NESARA/GESARA Implementation & Collapse of tax organizations.
Sun. 18 June 2023: Emergency Broadcast System Implementation
Read full post here: https://dinarchronicles.com/2023/05/09/restored-republic-via-a-gcr-update-as-of-may-9-2023/
************
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Asked bank friend what is the CBI governor talking about [Parallel rate talk] . Bank friend said it's all about stability. The dinar will be strongest ever when its parallel to the street rate. This is the best time to do a rate change - at a stable point. And since we already de-pegged from the dollar we are at a point of no return and it must happen. The deleting of the zeros will be coming. We are way ahead unlike before. FRANK: I have to be careful of what I share with you...your bank friend is 1000% correct.
Walkingstick [via Frank26] {CBI's private bank meeting minutes continued} [6. Mining operation contracts rolling in now all paid in IQD only.] The mining contracts that are staying in line are willing now to be paid in Iraqi dinar. That's a powerful reason for a new national currency and a new exchange rate that is coming IMO very soon.
Al-Sudani - Final Details - Exchange Rate Change
MilitiaMan and Crew: 5-9-2023
https://www.youtube.com/watch?app=desktop&v=nRSGnpdoSJM&feature=youtu.be
Economic Thoughts From Heresy Financial and Greg Mannarino 5-8-2023
Fed Report Reveals 722 Banks are Insolvent
Heresy Financial 5-8-2023
Today we're going to talk about something that's been on many people's minds lately: the state of the banking industry. Specifically, how bad do we think this crisis is going to get?
The only thing we have to compare it to is the global financial crisis, which we all know was pretty catastrophic. But will this one be worse? Or not as bad? That's the million-dollar question.
So, I came across a recent report from the Federal Reserve that revealed 722 banks were bankrupt with losses exceeding 50% of their capital by the end of the third quarter of last year.
And things have only gotten worse since then. So where does this leave us now?
Fed Report Reveals 722 Banks are Insolvent
Heresy Financial 5-8-2023
Today we're going to talk about something that's been on many people's minds lately: the state of the banking industry. Specifically, how bad do we think this crisis is going to get?
The only thing we have to compare it to is the global financial crisis, which we all know was pretty catastrophic. But will this one be worse? Or not as bad? That's the million-dollar question.
So, I came across a recent report from the Federal Reserve that revealed 722 banks were bankrupt with losses exceeding 50% of their capital by the end of the third quarter of last year.
And things have only gotten worse since then. So where does this leave us now?
What's the endgame here? Because to some, it looks like controlled demolition and consolidation at the biggest banks, leading to centralized control.
But is that really the case?
Let's discuss and try to make sense of it all. So, stay tuned till the end, and let's get started!
Timecodes
0:00 Video Overview
0:50 How Big Do You Think This Banking Crisis Will Be?
4:59 722 Banks are Bankrupt
6:53 Near-Term Forward Spread
10:05 Consolidation and CBDC
Be Ready For A Commodity SUPERCYCLE Of MASSIVE Proportions. UPDATES...
Greg Mannarino: 5-8-2023
At 3 AM, China Made Gold Money Again-Vince Landi
Vince Lanci: At 3 AM, China Just Made Gold Money Again
Arcadia Economics: 5-8-2023
There was significant news out of China last night, as at 3 AM eastern time, China just effectively made #gold money again.
Late last night, the commercial banks in China just created the ability for Renminbi savings accounts to be connected to gold accounts, so that Chinese citizens can now buy gold directly out of their savings accounts.
China has long been encouraging its population to purchase gold, and the new policy has just made it even easier to do so.
This is also happening at the same time that JP Morgan's Jamie Dimon is on his way to China for the first time in 4 years, which Vince suggests is hardly a coincidence.
Vince Lanci: At 3 AM, China Just Made Gold Money Again
Arcadia Economics: 5-8-2023
There was significant news out of China last night, as at 3 AM eastern time, China just effectively made #gold money again.
Late last night, the commercial banks in China just created the ability for Renminbi savings accounts to be connected to gold accounts, so that Chinese citizens can now buy gold directly out of their savings accounts.
China has long been encouraging its population to purchase gold, and the new policy has just made it even easier to do so.
This is also happening at the same time that JP Morgan's Jamie Dimon is on his way to China for the first time in 4 years, which Vince suggests is hardly a coincidence.
He talks about the reasons Jamie is visiting China, and the potential links they might be aiming to develop regarding business in the gold market.
Vince also talks about the declining #silver inventories on the COMEX, and whether there really is a significant amount of silver available to be delivered.
So to stay up to date on the latest developments in the precious metals markets, click to watch this video now! –
To read the article that Vince references about China taking gold public go to: https://vblgoldfix.substack.com/p/must-read-china-may-be-taking-gold
"Tidbits From TNT" Monday 5-8-2023
TNT:
Tishwash: Iraq’s RMB settlements with China excludes oil trade – official
The decision announced in February covers only commercial imports by the Iraqi private sector
Iraq’s decision to permit trade settlements with China in Renminbi (RMB) instead of the US Dollar only covers commercial imports by the private sector from China, the governor of the Central Bank of Iraq (CBI).
Ali Al-Alaq told Zawya Projects that the decision taken in February 2023 to allow trade from China to be settled directly in RMB covers only commercial imports from China by private sector companies and not oil trade.
The Iraqi government’s economic adviser, Mudhir Salih, who was quoted in the February report by Reuters, later clarified to the local media that the decision doesn’t apply to oil trade between the two countries.
TNT:
Tishwash: Iraq’s RMB settlements with China excludes oil trade – official
The decision announced in February covers only commercial imports by the Iraqi private sector
Iraq’s decision to permit trade settlements with China in Renminbi (RMB) instead of the US Dollar only covers commercial imports by the private sector from China, the governor of the Central Bank of Iraq (CBI).
Ali Al-Alaq told Zawya Projects that the decision taken in February 2023 to allow trade from China to be settled directly in RMB covers only commercial imports from China by private sector companies and not oil trade.
The Iraqi government’s economic adviser, Mudhir Salih, who was quoted in the February report by Reuters, later clarified to the local media that the decision doesn’t apply to oil trade between the two countries.
Oil trade between Iraq and China is settled in US dollars via oil payments account at the United States’ Federal Reserve, which is the custodian of Iraq’s foreign currency earnings since the US invasion of Iraq in 2003.
Saleh explained that this step is in line with the growing role of the RMB at a time when many countries are looking to diversify their sources of foreign currencies.
In 2022, China imported year, China imported around 55.5 million tonnes of crude oil from Iraq, according to a February 2023 report by yicaiglobal.com.
Iraq ranked fifth among the top 10 crude oil exporters to China's independent refineries, local news website Shafaq News had reported in April, citing China's Customs Administration statement. link
************
CandyKisses: Iraq Maintains Its 30th Position In The World With The Largest Gold Reserves
Earth News / The World Gold Council announced on Monday that Iraq maintained its 30th rank globally for the fifth consecutive month with the largest gold reserves.
The Council said in its latest schedule for the month of April 2023 seen by Earth News that "Iraq's ranking comes out of 100 countries listed in the table with the largest gold reserves, after it rose ten ranks in July 2022 to reach 130.3 tons, representing 8.1% of the rest of its other reserves."
She added that "Iraq did not buy or sell any amount of gold during the first months of 2023," noting that "the last purchase of gold by Iraq was in June of last year 2022 when it bought a quantity of 33.9 tons."
He pointed out that "the most central banks buying gold during the first quarter of 2023 were Singapore, which bought 68.67 tons, followed by China by 57.85 tons, followed by Turkey with 30.21 tons, then India with 7.26 tons, while the most central banks of countries selling gold during this period were Kazakhstan with 19.64 tons, followed by Uzbekistan with 14.62 tons, and then Cambodia with 10.08 tons."
Globally, according to the table, the United States of America still leads the rest of the countries with the largest gold holdings in the world with 8.133 thousand tons, followed by Germany with 3.355 thousand tons, then Italy came with 2.451 thousand tons, while Bosnia and Herzegovina ranked 100th and by 1.5 tons, preceded by Yemen by 1.6 tons.
On June 27, 2022, Iraq announced the purchase of new quantities of gold with approximately (34) tons, an increase of 35% over what was in its possession.
************
Tishwash: Debts, revenues, lecturers and contracts... Details of the parliamentary hosting of the Minister of Finance
Today, Monday, the Media Department of the House of Representatives announced the details of the parliamentary hosting of the Minister of Finance, Taif Sami, which included discussing the file of lecturers and contracts.
And the media department of the parliament stated in a statement, that “headed by the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, the Finance Committee, in the presence of Representative Atwan Al-Atwani, Chairman of the Committee and its members, hosted Minister of Finance Taif Sami for the second time to discuss the ministry’s budget, and the possibility of making transfers of amounts to ensure reducing spending and increasing the revenues that are supplied The state treasury, in addition to developing an appropriate strategy on the ministry’s mechanism in relation to spending units.
According to the statement, al-Mandalawi presented "a proposal regarding the sums of money allocated to the governorates for the implementation of service projects and the possibility of conducting transfers, as they are insufficient in exchange for the size of projects within the development of the regions," while requesting "detailed data in this regard," stressing the "maturity of the project."
He pointed out that "the Iraqi people are waiting for the approval of the budget because it is directly related to the lives of the people."
The Chairman of the Finance Committee also welcomed the Minister of Finance, explaining that “hosting includes two axes, the first is the ministry’s budget, which, according to the table listed, is 99% of the current budget allocations, and 1% of the total ministry’s allocations within the general budget law, and the second is access. on the results of previous hosting of ministers.
And he stated, “The ministry’s allocations for previous years were discussed compared to the current year, and the reasons for the increase in spending chapters such as grants, advertisements, and other expenses, and social care,” pointing to “the necessity of maximizing revenues such as taxes, real estate, collection service, and others.”
For her part, the Minister of Finance reviewed "the spending chapters of the ministry," noting that "the volume of sums within the chapters on indebtedness, interest, the Olympic Committee, and other chapters are not in favor of the Ministry of Finance."
And she explained, "The doors of disbursement of amounts related to retirement contributions, martyrs' institutions, accountability, justice, and others for the year 2019," revealing "the formation of a committee within the ministry to calculate the financial costs."
The committee reviewed the most important legal provisions contained in the 2023 Budget Law, which include “conducting transfers at a rate of (30%) to the Baghdad governorate within the development of the regions, and obligating the relevant ministries to activate the service of electricity, telephone, water, sewage, and other fees, in addition to allocations for employee compensation, and the ration card items.” , social care, wheat crops, milk, medicines, and other investment projects.
Interventions during the meeting, which lasted late, included how to pay off foreign debts owed by Iraq and the Ministry's procedures to supplement the state's public treasury, in addition to estimating oil and non-oil revenues and the volume of revenues, accounts and the subject of free lecturers and contracts after 10/2/2019, and the mechanism for including their allocations.
And the appointment of the first graduates and holders of higher degrees, and commission contracts, in addition to some contracts that did not allocate funds to them. link
CandyKisses: TOP TEN REASONS TO BE SINGLE
Mot: .... Just a Word of Caution Who ever might have missed it!!!
"Coffee With MarkZ" Monday Morning Chat "Wide Open Window" 5-8-2023
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: Monday morning greetings MarkZ, Mods and all here… could this be the week we have been waiting for?!?
Member: Can't wait to hear the news today. Have a real blessed Monday.
Member: So excited. Mark said Sunday into Monday and it's Monday. Woo hoo!
Member: Honestly, I think the whole “window” thing and dates being thrown around are for the rats to get caught. Don’t get excited until you’re sitting in your appointment!
Member: Mark said that it might go Sunday or Monday. He stated numerous times that he does not know exact dates, no one does.
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: Monday morning greetings MarkZ, Mods and all here… could this be the week we have been waiting for?!?
Member: Can't wait to hear the news today. Have a real blessed Monday.
Member: So excited. Mark said Sunday into Monday and it's Monday. Woo hoo!
Member: Honestly, I think the whole “window” thing and dates being thrown around are for the rats to get caught. Don’t get excited until you’re sitting in your appointment!
Member: Mark said that it might go Sunday or Monday. He stated numerous times that he does not know exact dates, no one does.
MZ: On the positive side – the window is open wide according to all of my sources. We dodn’t know what that means timing wise yet. But, The window is now wide open …we are being told.
Member: Nader had said The US Treasury is ready so I wonder what is the hold up!
MZ: Lots of yo-yo articles out of Iraq…..They are doing this on purpose. It’s a tell tale sign of how close we are. Some articles say the budget will be approved in May…Some articles say by May 10th….Some say in 2 weeks.
MZ: There is a lot of chatter that Iraq has been given a 3 day head start before they announce to the rest of the world that the RV has gone. Let’s say this rumor is accurate??? That means we would know for 3 days…..That is a possibility as I am hearing a lot of chatter from a lot of plugged in people about this. But not from a few key people I listen to. I just don’t think they could keep it under wraps that long in today’s connected internet world.
MZ: Remember Kuwait had a 10 day quiet period before the rest of the world found out.
MZ: There are a lot of meetings with bond folks ect that start occurring this afternoon. Hopefully we will hear news later today unless we already hear something better from Iraq.
MZ: I am hearing from pretty much everyone that the window is wide open since this morning….and we are in a prime spot for them to announce it within the next few days. I am hearing a lot of excited chatter and trying to “Vet” and confirm it before I tell you all what we are hearing…..everyone is exceptionally positive for this week. But nobody knows the exact timing. I am expecting a very positive week…..especially from Iraq.
Member: Mark did you ever think it would take this long?
MZ: I NEVER thought it would take this long.
Member: Today the Zimbabwe Gold tokens go “LIVE” Hoping that is significant.
MZ: Yes- Zimbabwe launched today..there is a 2 day window to buy their digital gold tokens backed by physical gold.
Member: I wonder with Zimbabwe going gold backed, how this affects our Zim bonds?
Member: Texas Committee Passes Bill To Create 100% Reserve Gold And Silver-Backed Transactional Currencies
Member: I hear Texas has also applied to join BRICS
Member: Utah has recognized gold & silver as money for a while
Member: 25 States have agreed to press their own gold/silver coins per US Constitution
Member: Gold shall destroy the Fed
Member: How long can a paper doIIar compete with rollout of instantly interchangable sovereign state issued goId backed digital currencies? Zimbabwe rollout: May 8 = 5/8 = 58 = XRP. Gematria. NESARA = 58
Member: Zimbabwe move today will force other nations to level up with their own gold backed digital currencies or become obsolete toilet paper…...
Member: (From Dinar Guru) Mnt Goat The three zero notes will coincide as legal tender even after the reinstatement and rate change. The process will suck up most of the larger notes out of circulation prior as they would be worth more than the dollar. I hear the CBI will give the citizens time to turn them in for a conversion rate. But even afterwards they will still remain legal tender. Remember that Iraq is not redenominating due to hyper-inflation, but rather due to a revaluation because they are so rich, not poor....Enough said…
MZ: That is pretty accurate.
Member: I'm hearing the new notes are in Iraq's ATM's?????
Member: I'm hearing that the U.S. will default on debt in a couple of weeks if the R.V doesn't happen soon!?!?
Member: Do you think Vietnam will go the same time as Iraq?
MZ: Yes I do. “Vietnam adds US 3.4 Billion in FDI in April”
Member: Do you still think the Rupiah will go as well?
MZ: I do …They have tied themselves to BRICS and Iraq……
Member: Mark, have heard that denied countries will not be able to cash in on the RV. With what the US has done, any chance we could be considered a denied country.
Member: MZ - stock and metal markets are relatively flat. Monday blahs, quiet before the storm???
Member: my kids think i am delusional about the RV
Member: My entire family thinks I am crazy- I never talk about it anymore.
Member: Waiting, waiting to get humanitarian projects underway. So much need, I wish this would hurry up!
Member: I am definently ready for “suddenly” to actually happen…..Praying this is our week.
Member: Let’s hope it’s TRULY happening this week! Much IS happening- and we need the lever to be pulled!$$$$$$$$
MZ: There is so many things happening right now. From movement in Iraq- to Zimbabwe’s gold coins… The bankers are excited…so many things are coming into a perfect storm right n ow.
Mr. Cottrell joins the stream today about 40 minutes in…please listen to the replay for his opinions.
Member: Maybe Mr C is here today because it will be over by Friday…lol
THE INFO IN THIS PODCAST IS FOR GENERAL 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
THANK YOU ALL FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
MZ: No call scheduled tonight….but let’s play I by ear.
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
MZ: Farm Claims are what started the whole Nesara movement. So if you want a bit of History …please watch this one. https://www.youtube.com/watch?v=sAL0exvL45Y
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 5-8-2023
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. 8 May 2023
Compiled Mon. 8 May 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 6 May MarkZ: “Nadar’s sources are telling him the same things my sources are saying – that the US Treasury is now ready to go. That the IMF is now ready to go. He is hearing possibly Sunday into Monday of this weekend, 7 May to 8 May 2023. …He is telling you what I’ve been saying all week: It’s done and waiting for the announcement. I am hearing the same thing from my treasury contacts as well – that everything is worked out and Iraq is telling us the same thing. And they will soon announce the budget and the approval of the HCL law. People in Iraq are expecting that rate change at any moment.”
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. 8 May 2023
Compiled Mon. 8 May 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 6 May MarkZ: “Nadar’s sources are telling him the same things my sources are saying – that the US Treasury is now ready to go. That the IMF is now ready to go. He is hearing possibly Sunday into Monday of this weekend, 7 May to 8 May 2023. …He is telling you what I’ve been saying all week: It’s done and waiting for the announcement. I am hearing the same thing from my treasury contacts as well – that everything is worked out and Iraq is telling us the same thing. And they will soon announce the budget and the approval of the HCL law. People in Iraq are expecting that rate change at any moment.”
Sun. 7 May Bruce: Bond Holders were being told that they should get their emails for access to their funds on Sun. night 7 May and have access to them on Mon. 8 May. As a cover for the RV, Zimbabwe was issuing a new gold-backed Bond. Settlements had until Mon. May 8 to complete – before a catastrophic default.
Mon. 8 May Anon Intel: It is rumored that “Everything is scheduled to be “over” by Mon. May 8.”
“The Emergency Broadcast System will go off, the Markets will shut down, we will have two to ten days of Disclosure, after which Tier4b (Us, the Internet Group) will receive Notification to set exchange/redemption appointments.” …David XRP on the Charlie Ward Show (Dr. Ward, who was head of the Global Currency Reset Redemption Committee and under several NDAs, agreed with what David XRP had to say).
The following nations are insolvent and cannot continue on without the reset: United States, Canada, Europe, UK, Israel, Taiwan, Australia, New Zealand and Japan.
~~~~~~~~~~
Bank Failures:
722 US banks reported unrealized losses exceeding 50% of capital
Banking Black Swan Month: https://dinarchronicles.com/2023/05/05/kat-anonup-update-banking-black-swan-month/ Complete Banking collapse in June
Around 2,315 banks across the US are currently sitting on assets worth less than their liabilities, according to a Hoover Institution report by Professor Seru and a group of banking experts, as cited by the media. The market value of the loan portfolios of these lenders is reportedly $2 trillion lower than the stated book value.
Banking Black Swan Event Month: Kat Anonup Update: Banking Black Swan Month | Dinar Chronicles
Read full post here: https://dinarchronicles.com/2023/05/08/restored-republic-via-a-gcr-update-as-of-may-8-2023/
************
Courtesy of Dinar Guru
Mnt Goat The three zero notes will coincide as legal tender even after the reinstatement and rate change. The process will suck up most of the larger notes out of circulation prior as they would be worth more than the dollar. I hear the CBI will give the citizens time to turn them in for a conversion rate. But even afterwards they will still remain legal tender. Remember that Iraq is not redenominating due to hyper-inflation, but rather due to a revaluation because they are so rich, not poor....Enough said…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani still saying hold on to dinar that our dinar is going to be stronger than the dollar. Telling us hold on. FRANK: Every freaking day...Tell Sudani you can only hold on so much longer.
LYNETTE ZANG - "A COMPLETE BREAKDOWN OF THE GLOBAL FINANCIAL SYSTEM"
Gerald Celente: 5-7-2023
Here’s How to Prepare for De-Dollarization
Nomad Capitalist: 5-7-2023
De-Dollarization: More Countries Seek Alternatives to the U.S. Dollar De-Dollarization:
The U.S. dollar has dominated global trade and capital flows over many decades. In this video, Andrew shares his opinion on how to prepare for de-dollarization.
00:00 Start
00:14 Americans Could Become Poor
4:00 How to Protect Your Wealth
9:00 The Best Second Passport Strategy
Bix Weir and Greg Mannarino Sunday Afternoon 5-7-2023
ALERT! End Game Update! Texas Adopts New Gold/Silver Monetary Alternatives! BUY SILVER!!
(Bix Weir) 5-7-2023
Texas Committee Passes Bill To Create 100% Reserve Gold And Silver-Backed Transactional Currencies!
It's all happening FINALLY!
Buy PHYSICAL SILVER before it becomes UNOBTAINIUM!!
ALERT! End Game Update! Texas Adopts New Gold/Silver Monetary Alternatives! BUY SILVER!!
(Bix Weir) 5-7-2023
Texas Committee Passes Bill To Create 100% Reserve Gold And Silver-Backed Transactional Currencies!
It's all happening FINALLY!
Buy PHYSICAL SILVER before it becomes UNOBTAINIUM!!
MARKETS A LOOK AHEAD: Reality, And Everything Else Is Near INSANITY.
Greg Mannarino: 5-7-2023
"Tidbits From TNT" Sunday 5-7-2023
TNT:
CandyKisses:: For the first time in 9 years. Russia returns to the list of the ten largest economies in the world
Data from the World Bank and the National Statistical Service showed that for the first time since 2014, Russia returned to the list of the ten largest economies in the world.
At the end of 2022, Russia produced goods and services worth $2.3 trillion, allowing it to occupy eighth place on this list.
According to the data, the United States remained the world's largest economy last year, with a nominal GDP of $25.46 trillion. In second place came China (17.94 trillion) and traditionally Japan closed the top three (4.17 trillion). Germany remained fourth (4.07 trillion), India ranked fifth (3.4 trillion), Britain retained sixth place (3.07 trillion) and France remained seventh (2.78 trillion). Canada ranked ninth ($2.14 trillion), while Italy ($2.01 trillion) fell from eighth to tenth.
TNT:
CandyKisses:: For the first time in 9 years. Russia returns to the list of the ten largest economies in the world
Data from the World Bank and the National Statistical Service showed that for the first time since 2014, Russia returned to the list of the ten largest economies in the world.
At the end of 2022, Russia produced goods and services worth $2.3 trillion, allowing it to occupy eighth place on this list.
According to the data, the United States remained the world's largest economy last year, with a nominal GDP of $25.46 trillion. In second place came China (17.94 trillion) and traditionally Japan closed the top three (4.17 trillion). Germany remained fourth (4.07 trillion), India ranked fifth (3.4 trillion), Britain retained sixth place (3.07 trillion) and France remained seventh (2.78 trillion). Canada ranked ninth ($2.14 trillion), while Italy ($2.01 trillion) fell from eighth to tenth.
South Korea slipped from the top ten, becoming 13th.Russia last entered the top ten in 2014, at which time it occupied ninth place with a GDP of $2.05 trillion. In 2021, Russia ranked 11th.
The ranking of countries by GDP was calculated on the basis of the most recent annual or quarterly data provided by national statistical offices in national currencies and, where necessary, recalculated in dollars at the average exchange rate for the corresponding period.
CandyKisses: Within A Month. Iraq Achieves 17 Trillion Dinars In Financial Revenues
The Ministry of Finance issued the accounts of the Iraqi state for the month of February for the fiscal year 2023, which indicated that the volume of financial revenues amounted to more than 17 trillion dinars, while indicating that the contribution of oil to the federal budget amounted to 96%.
Earth News Agency followed up on the data and tables issued by the Ministry of Finance in May for the accounts of February 2023, which showed that oil is still the main resource for Iraq's general budget, reaching 96%, indicating that the rentier economy is the basis in Iraq's general budget.
Through the financial tables, it showed that the total revenues until January amounted to 17 trillion, 668 billion and 982 million, 693 thousand, and 586 dinars, after excluding transfer revenues of 2 trillion, 233 billion and 629 million, and 735 thousand dinars, indicating that the total expenditures with advances amounted to 15 trillion, 923 billion, 515 million, and 419 thousand dinars.
According to the finance table, oil revenues amounted to 19 trillion, 207 billion, 539 million, 763 thousand and 376 dinars, which constitute 96% of the general budget, while non-oil revenues amounted to 695 billion, 72 million and 665 thousand dinars.
************
Tishwash: Al-Barzanji: There is high harmony within the state administration and the budget will be launched within days
Haider Al-Barzanji, who is close to the coordination framework, confirmed the state of "high harmony" within the State Administration Coalition.
Al-Barzanji told the Euphrates News Agency: "The meetings of the State Administration Coalition are continuing, and there is high harmony within it. As for objecting to some laws, it is in formalities and methods."
He pointed out that "the talk continues about issues that concern and pertain to the citizen through completing the important laws in the life of the citizen, the most prominent of which are the general amnesty law and the financial budget law."
Al-Barzanji expected "the approval of the budget law in the coming days, and its completion is related to the Parliamentary Finance Committee, which is the most important at the present time."
It is noteworthy that the State Administration Coalition is a parliamentary coalition, which was formed on September 25, 2022, and consisted of the Coordination Framework, the Kurdistan Democratic Party, the Sovereignty Coalition, the Patriotic Union of Kurdistan, the Azm Coalition, and Babylon.
The administration of the state represents a parliamentary majority, as it includes all the main parliamentary blocs without opposition except from a few independent deputies. The government of the state administration coalition was formed on October 27, 2022, headed by Muhammad Shiaa al-Sudani.
Al-Sudani said that his government is working to achieve stability by preserving the state administration coalition agreement. link
************
Tishwash: Hammurabi Bank.. Financial Inclusion Week, the way to a major banking renaissance
Hammurabi Commercial Bank participated in the Financial Inclusion Week organized by the Association of Private Banks in cooperation with the Central Bank of Iraq and carried the slogan “The environment is your land to instill in it what you want to see tomorrow” to work on spreading its services among Iraqi society, as this event represents an important step on Communicating and benefiting from regional and global experiences, and starting the stage of starting from where the world ended.
These activities coincide with the celebration of the Arab Day for Financial Inclusion in all Arab countries, and include Iraqi and foreign banks and financial companies providing banking services and displaying all products in several public places, commercial shopping centers, universities, and others.
n official source in the Hammurabi Commercial Bank considers this step a task and advances the Iraqi financial sector to the extent that financial inclusion means, in essence, the delivery of financial services to the weakest income segments in society.
He added, “The banking mechanisms and advantages resulting from the use of electronic payment methods associated with banking work will help expand the phenomenon of financial inclusion so that it becomes double what it is today, and that the number of adults who engage in banking operations will exceed the declared percentages of the adult population, in addition to expanding credit operations and granting The loans will also raise the public’s interaction with the banking system.”
The source pointed out that the activities of the Financial Inclusion Week were launched under the supervision of the Central Bank and the Association of Private Banks, with the participation of a number of banks and electronic payment and financing companies by organizing daily activities for the public, to educate them on the importance of opening bank accounts, electronic payment, savings and others.
And the activities of the week were held at Al-Nahrain University, in order to inform the students of the importance of using personal and corporate bank accounts, to manage their projects. During the symposium, the problems facing some merchants were identified and mechanisms were put in place to solve these obstacles and communication between the bank and the merchant for the purpose of opening accounts for them and dealing through remittances within the electronic platform.
The source indicated that, based on the directives of the Central Bank, the activities of the Financial Inclusion Week were organized in Dream City Mall with the participation of a number of banks, with the aim of increasing the banking culture among citizens, and educating them on the importance of using modern systems and methods, pointing to the participation of the Iraqi Company for Financing Small and Medium Enterprises Ltd. in The fourth day of financial inclusion activities on the grounds of Al-Alwiya Club.. in the presence of the Director of the Awareness Department at the Central Bank of Iraq and his representatives.
The source appreciated the efforts of the Central Bank of Iraq aimed at developing the financial and banking sector by developing the infrastructure that enables financial and banking institutions to improve services and facilitate access to them by all segments of society. Services and the participation of banks in a practical way to contribute to banking education for services, especially for women, as well as for the segment of students, whether schools or universities, who are considered effective tools for spreading culture and fighting banking illiteracy. link
Mot: .. This Thingy Better Happen Soooon -- Cause My ~~~~~
Mot: ..... Karma! - Just Love Karma!! ~~~~
