Currency Insider Iraqi Dinar - Dong Updates Monday AM 11-13-23
Currency Insider Iraqi Dinar - Dong Updates Monday AM 11-13-23
Iraqi Dinar Great RV Update Ever
Currency Insider Iraqi Dinar - Dong Updates Monday AM 11-13-23
Iraqi Dinar Great RV Update Ever
Iraqi Dinar Great RV Update Ever
BREAKDOWN OF GROUPS THAT WILL GO AHEAD OF TIER 4B – US, THE INTERNET GROUP
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.
Restored Republic via a GCR: Update as of Mon. 13 Nov. 2023
Compiled Mon. 13 Nov. 12:01 am EST by Judy Byington
BREAKDOWN OF GROUPS THAT WILL GO AHEAD OF TIER 4B – US, THE INTERNET GROUP
SKR: Stands for Safe Keeping Receipt. This is where someone who is licensed and authorized to be a Paymaster (usually an attorney) represents a group of currency holders (were originally done prior to ZIMBABWE / ZIM being included in the offering for humanitarian projects). They sign a contract and agree to a specified rate. There are not and have not been any new SKR groups for several years.
Prosperity Packages: These cover a very wide area. Includes funds from large trusts such as St. Germain, Rodriguez, Heritage and Mitterrand Trusts will be used to assist the Common Man and help with some debt relief.
Adjudicated Packages: These are lawsuits where plaintiffs won the legal cases. The largest are: CMKX, Native American Claims, Farm Claims, and others. You will know if you are already a part of these.
CMKX: A diamond mine that oversold stock with the help of the SEC. They were sued by key stockholders and won – often referred to as an Adjudicated Package.
Farm Claims: Lawsuit that involved farmers who were unfairly taken advantage of by bankers. They sued and won.
Currency Basket: Originally there were a few baskets with different countries’ currencies revaluing approximately six months apart. There are 22 currencies that are scheduled to go initially.
Once all currency are asset backed, that currency will be exchanged at 1:1 and it will not matter if it is a Mexican Peso or a Dinar. The RV is about creating a level playing field. Not all currency rates will rise in value and some will fall.
List of “currencies”:
• US
• UK
• Kuwait
• Canada
• Mexico
• Russia
• China
• Venezuela
• Iranian Rial
• IRAQ
• Indonesia Rupiah
• Malaysia
• Vietnamese
• Brazil
• Saudi Arabia
• Qatar
• United Arab Emirates
• Turkey
• Afghanistan
• India
• Libya
• Japan
Zim is considered a bond, and will be a major part of the RV for humanitarian projects
US bond market crash, visualized: You may have seen our post earlier where we reported US bank stocks hitting historic lows against the S&P 500 index due to a bond market collapse. https://t.me/multipolarmarket/6922
We now have a detailed chart from the FT illustrating this: https://www.ft.com/content/06f851b4-5d16-4ba3-a4f3-3f18092af443
The price drawdown over the past 18 months has led to a liquidity shortage among multiple market participants and has particularly affected regional banks. These institutions were forced to sell their bonded securities at a loss, exacerbating their financial difficulties. Moody’s estimates that US banks now have $650 billion in unrealized losses on such securities with Bank of America alone dealing with $130 billion.
Read full post here: https://dinarchronicles.com/2023/11/13/restored-republic-via-a-gcr-update-as-of-november-13-2023/
"Coffee With MarkZ" Monday Morning Chat 11-13-2023
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 Mark mods and all!
Member: Hope everyone had an Amazing weekend!!
Member: Mr Mark. We are approaching the end of the year. Start of Christmas festivities. Do you have official news about asset operations? About payments and liquidity? Will it still come out this year?
MZ:: I don’t expect us to wait much longer. The chatter is huge …..Some still thinks we will start tomorrow to set appointments……we shall see. Nobody knows the exact timing.
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 Mark mods and all!
Member: Hope everyone had an Amazing weekend!!
Member: Mr Mark. We are approaching the end of the year. Start of Christmas festivities. Do you have official news about asset operations? About payments and liquidity? Will it still come out this year?
MZ:: I don’t expect us to wait much longer. The chatter is huge …..Some still thinks we will start tomorrow to set appointments……we shall see. Nobody knows the exact timing.
MZ: Mr. C has not been paid yet.
Member: Nader doesn't think RV will happen till January
Member: Looks like its now going into January…..makes sense to start at the new year.
MZ: It’s possible. They do want all use of the US dollar for all transactions to stop on Jan 1st. But to me ….it should go well before then to make that a realistic goal.
Member: Most people need this like yesterday
MZ: The whole world needs this . Governments, economies….everyone needs this.
Member: So whats the delay?
MZ: Nobody said there was a delay
Member: We are all Charlie Brown. they keep pulling the football away, and we keep going back for more...
MZ: MilitiaMan dropped a fantastic video last night….everyone needs to go listen….he did a great wrap up on things that happened last week and more conversations about strengthening that international role of the dinar and ascending to the WTO . Please go like and follow him. This is real economic progress on them changing their value .
Member: So 34 Trillion in debt, so where is $270 trillion coming from to pay us $3 ??
Member: US will easily pay the debt with the foreign currencies the treasury holds . That’s the way out .
Member: . US treasury holds trillions of Iraqi dinars and other foreign currencies this is their way out of debt ….imo
Member: If Nesara is real….all debts get wiped out and everyone starts over…..hope its real.
Member: Nesara Constitution ! No property taxes or product taxes ! 1955 prices ! Asset backed real money ! No inflation ! We are good !
MZ: “ This happened this weekend and is indeed true….. : “ Moody’s downgrades the US debt rating outlook to negative” The Treasury and the Fed are not happy about this. Moody’s ssays the chances of the US suddenly fixing its spending problems…suddenly balancing their budget so they don’t add any more debt is completely unlikely. ….or impossible. Its highly improbably that the US is not going to crash and burn at some point economically.
Member: I believe we will redeem into the new gold backed monetary system……just hope its soon.
Member: on Jan 20th being the Global Gold Monetary fund launch for its gold backed currency in the Philippines.
Member: I wonder- Does the ISO2022 have anything to do with receiving our blessing. It goes into effect nov 19th
Member: My Wells F branch is operating with skeleton crew. Recently they remodeled by adding 10 sound proof cubicles for private consult. At present the cubicles appear to be useless. Just saying...
Member: Somewhere this morning I read the Iraqi gov't is getting sick of the US crawfishing on the RV and are threatening to go alone. True or not, I don't know.
Member: I thought I read that IRAQ said by this Wed THEY were going to Pull the Trigger...Iraq is tired of waiting on US…hope its true.
Member: I’m a numbers person and the dates between 11/11/2023 and 11/19/2023 all add up to the date of the month. Coincidence?
Member: Remember friends that is all a movie. There is so much to be revealed. Stay grounded. It will all be okay.
Member: Thanks Mark and Mods……
Member: Mark I try to watch every day and enjoy and appreciate all the time you spend researching for US. GOD bless you and GOD bless the USA,
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
"Tidbits From TNT" Monday 11-13-2023
TNT:
Tishwash: Iraq plans to “neglect the US dollar” and Parliament proposes “diversifying foreign currency baskets”
The House of Representatives Finance Committee said today, Monday (November 13, 2023), that there is a necessary and important need to diversify the basket of foreign currencies in Iraq and not rely on the US dollar in commercial transactions.
Committee member Moin Al-Kazemi told “Baghdad Today” that “the basket of foreign currencies in Iraq must be diversified and not relied on the dollar in commercial transactions, whether external or even internal, as this reduces American dominance over the Iraqi economy.”
TNT:
Tishwash: Iraq plans to “neglect the US dollar” and Parliament proposes “diversifying foreign currency baskets”
The House of Representatives Finance Committee said today, Monday (November 13, 2023), that there is a necessary and important need to diversify the basket of foreign currencies in Iraq and not rely on the US dollar in commercial transactions.
Committee member Moin Al-Kazemi told “Baghdad Today” that “the basket of foreign currencies in Iraq must be diversified and not relied on the dollar in commercial transactions, whether external or even internal, as this reduces American dominance over the Iraqi economy.”
He added, "The Iraqi economic ground is ready and prepared to strengthen banks in various foreign currencies and not be limited to the US dollar, and there is a real trend by the monetary authority in this matter, and the coming days will witness various commercial transactions through the UAE dirham as well as the Chinese yuan and other currencies, and this will reduce demand." On the dollar, and it will have an impact on reducing the dollar exchange rate in the parallel market.”
Last Saturday (November 11, 2023), a government source in Iraq said that officials from the Central Bank of Iraq held “intensive meetings” with American officials in Abu Dhabi in recent days to discuss external transfers to cover imports.
The source added, according to what was reported by the “official agency,” that “Iraq has strengthened its assets denominated in the yuan through the Singapore Development Bank to finance Iraqi trade and imports with China by about 12 billion dollars annually.”
The source stated that the oil-exporting country also moved to strengthen its assets in UAE dirhams and is negotiating to increase its assets denominated in euros to finance trade with the European Union, according to what was reported by the Iraqi news agency “Inaa.”
The source added that negotiations with the American side reached a set of decisions and mechanisms that contribute to facilitating procedures for foreign transfers related to imports through the foreign currency sales window.
He added, "It was agreed to enhance the advance balance of five Iraqi banks in their dollar accounts with Jordanian banks and transfers via JP Morgan Bank," noting that "the problems related to the rejected transfers were resolved, and it was agreed that the rejection of transfers should be based on strong reasons."
He continued: “There were also other meetings that brought together one of the Emirati banks, the Central Bank of Iraq, and the American side, to implement the mechanism for enhancing balances in the Emirati dirham for Iraqi banks,” indicating that “things are going well in this regard, as all technical details related to the issue have been resolved, and it is expected to begin.” The mechanism for enhancing balances in the UAE dirham during the next few days.”
He stressed that "there are serious negotiations that have reached their final stages to enhance the balances of some Iraqi banks in euros with UBAF Bank to finance trade with the European Union," noting "an increase in the number of banks whose balances in Chinese yuan are being enhanced through the Singapore Development Bank."
The source also reported that bank accounts had begun to be opened in Indian rupees for a number of Iraqi banks at the same correspondent, the Singapore Development Bank (New Delhi branch), and operations had actually been carried out to enhance the balance of two Iraqi banks as a first stage, and it is expected that this mechanism will contribute to financing Iraq’s imports from India, especially medicines and materials. Food, which is estimated at about $3 billion link
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Shybaby: Foreign currency deals bolster Iraqi banks amid no-confidence bid against central bank governor
Iraq's Central Bank (ICB) struck deals with foreign nations to support Iraqi private banks in foreign currencies, coinciding with lawmakers' no-confidence efforts against ICB's governor amid currency pressure from the US dollar.
ICB and US officials have reached a deal to strengthen the reserves of 10 Iraqi banks with the US dollar after detailed discussions in Abu Dhabi, the state-run Iraqi News Agency reported on Sunday, 12 November, citing governmental sources within the meetings.
"After recent discussions between the Iraqi Central Bank and American representatives, ten banks can now strengthen their reserves in US dollars—five through Citi Bank and five via JP Morgan," INA reported.
Iraq imports almost 95 of its needs through foreign trade using foreign currencies.
"Furthermore, the number of banks allowed to enhance their reserves in the Chinese Yuan through the Singapore Development Bank will increase to 13 banks. Two banks have already fortified their accounts in Indian Rupees with the Singapore Development Bank," the agency added.
It also clarified that several developments have unfolded in banking collaboration between Iraq and other countries; notably, issues with rejected transfers have been resolved. It also revealed a promising mechanism to boost balances in Emirati Dirhams for Iraqi banks is "imminent".
ICB also makes serious negotiations to enhance Iraqi bank balances in Euros, and more banks are reinforcing their balances in the Chinese Yuan and Indian Rupees for Iraqi banks, signalling a strategic move to finance imports, especially in pharmaceuticals and food items.
ICB recently decided that Iraqi private banks can import foreign currencies via commercial flights, a controversial step that backfired on its governor, as Iraqi lawmakers and legal experts considered it unconstitutional.
Al-Alaq is facing a parliamentary motion to remove him from his position due to the decreasing value of the Iraqi dinar in exchange for the US dollar in the parallel markets.
Since assuming office, economic experts believe that the ICB governor has failed to resolve the devaluation of the ID in exchange for the dollar crisis despite measures taken since his appointment.
Iraq's cabinet approved a currency revaluation on 7 February and set the exchange rate at 1,300 dinars per US dollar. The Central Bank of Iraq (CBI) also imposed several measures to boost the dinar and prevent the outflow of US dollars outside the country, especially to Iran and Syria, which are under US sanctions.
Despite the official rate of the dinar, a US dollar still sold at around 1,620 in the currency exchange markets. The sharp drop in the dinar's value plunged local markets into further recession, with prices of every essential goods soaring daily.
Iraq secures foreign currency deals to enhance trade (newarab.com)
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Tishwash: The President of the Republic: The government is determined to confront and curb corruption
The President of the Republic, Abdul Latif Jamal Rashid, confirmed that the government is determined to confront and curb corruption and proceed with the reform process, while urging Saudi businessmen to invest in the encouraging opportunities in Iraq and enter the Iraqi market.
The Media Office of the President of the Republic stated in a statement received by the Iraqi News Agency (INA), that “President of the Republic, Abdul Latif Jamal Rashid, met today, Sunday, with the Saudi Minister of Commerce, Chairman of the Saudi-Iraqi Coordination Council, Majid Al-Qasabi, and a group of Saudi businessmen.”
During the meeting, according to the statement, the President stressed the importance of cooperation and coordination between Iraq and Saudi Arabia in the commercial, economic, industrial, energy and environmental fields, and benefiting from the expertise, experiences and capabilities of the two countries.
The President of the Republic pointed to the depth of relations between the two countries, and the religious, national, social and cultural ties between the two peoples, praising Saudi Arabia’s role in the region and its keeping pace with the development and progress the world is witnessing.
The President reviewed the complex and difficult circumstances that Iraq has experienced over the past years, including wars, sanctions, and terrorism, and the major effects they had on infrastructure and services, indicating that “today the country is witnessing a different reality in terms of security stability, service provision, and the start of strategic and investment projects.”
He added,“ The recent elections resulted in the formation of a government that represents all Iraqis, as it developed an important program that made it one of its priorities to establish security and stability in the country, and the government is determined today to confront and curb corruption and proceed with the reform process.” The President urged Saudi businessmen to invest in the encouraging opportunities in Iraq and enter into
... The Iraqi market, pointing out that “the government is determined to provide facilities to investors and businessmen in order to encourage them and benefit from investment opportunities in Iraq.”
In turn, the Saudi minister affirmed the Kingdom’s keenness to maintain and develop relations between the two countries, and expand the horizons of cooperation to serve common interests, pointing to social ties. And the historical link between the Iraqi and Saudi peoples.
He added, “Businessmen in Saudi Arabia, through the Saudi-Iraqi Coordination Council, are making unremitting efforts to overcome some of the procedures, and there is communication and meetings held between Iraqi and Saudi businessmen in order to enhance cooperation between the two sides, expressing his aspiration to develop trade exchange.” "And creating a true partnership that contributes to the progress and prosperity of the two countries."
The Ambassador of the Republic of Iraq to Saudi Arabia, Safia Al-Suhail, expressed her thanks to His Excellency the President for the meeting and his keenness and interest in developing the commonalities between the two countries, stressing that “Iraqi-Saudi relations have witnessed a tangible development, which reflects the will of the two countries and their serious desire to build distinguished relations that serve the two brotherly peoples and the peoples of the region.”
The meeting was attended by His Excellency Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, and Member of Parliament, Jabbar Freih Al-Kinani. link
Mot: ... Say - WHAT!!!
Puddledpnw: Wiley E Coyote
Currency Insider Iraqi Dinar - Dong Updates Late Sunday Night 11-12-23
Currency Insider Iraqi Dinar - Dong Updates Late Sunday Night 11-12-23
CBI And U.S Official Game Changing Agreement
Vietnam Dong Rate Update
Currency Insider Iraqi Dinar - Dong Updates Late Sunday Night 11-12-23
CBI And U.S Official Game Changing Agreement
Vietnam Dong Rate Update
CBI And U.S Official Game Changing Agreement
Vietnam Dong Rate Update
News, Rumors and Opinions Monday Morning 11-13-2023
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.
Restored Republic via a GCR: Update as of Mon. 13 Nov. 2023
Compiled Mon. 13 Nov. 12:01 am EST by Judy Byington
Judy Note: The US Corporation (allegedly) declared bankruptcy long ago. GESARA/NESARA has been signed into law. We’re now seeing the cleanup and final stages before full disclosure. The Clown Show was about to end. Checkmate!
Timing
Dr. Vi’s Crystal Pendulum Q&A: NESARA and GESARA are(allegedly) activated. NESARA is (allegedly) about 68/5 implemented, while GESARA is about 46% implemented. The Emergency Broadcast System, or Emergency Alert System, or Emergency World System will (allegedly) happen in November.
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.
Restored Republic via a GCR: Update as of Mon. 13 Nov. 2023
Compiled Mon. 13 Nov. 12:01 am EST by Judy Byington
Judy Note: The US Corporation (allegedly) declared bankruptcy long ago. GESARA/NESARA has been signed into law. We’re now seeing the cleanup and final stages before full disclosure. The Clown Show was about to end. Checkmate!
Timing
Dr. Vi’s Crystal Pendulum Q&A: NESARA and GESARA are(allegedly) activated. NESARA is (allegedly) about 68/5 implemented, while GESARA is about 46% implemented. The Emergency Broadcast System, or Emergency Alert System, or Emergency World System will (allegedly) happen in November.
The Storm Wed. 8 Nov. to Sun. 19 Nov.
Fri. 17 Nov. US Government Shutdown (The end of Congress’ extension for approving and funding the 2023 budget. The Fed has run out of fiat US Dollars and was not allowed to print anymore because of the excessive National Debt).
Sun. 19 Nov. 2023 is (allegedly) the Global Currency Reset implementation date for HSBC, JP Morgan, Citi Bank, Credit Swisse, Wells Fargo, Bank of America and other major financial institutions around the World.
On January 20, 2024 the fiat US Dollar would be(allegedly) replaced by the gold/asset-backed US Note; all such gold/asset-backed currencies across the Globe would be on par 1:1 with each other, Social Security benefits will be much higher and the SS R&R payments would start on a monthly basis. The Global Gold Monetary Fund will launch it’s gold backed currency in the Philippines. They have invited other countries to do the same. Many countries have already started this process including the United States on the state level. It is a movement that is growing and rapidly becoming an alternative to the current monetary system. At this time, the Philippines are expected to be done with their revisions and legislation process by the end of the year. The Philippines have created what is called a Sovereign Wealth Fund capable of being backed by precious metals, and they are expected to be fully operational by the end of this year. © Goldilocks https://www.channelnewsasia.com/business/philippines-releases-revised-rules-sovereign-wealth-fund-3914946 https://www.manilatimes.net/2023/09/15/public-square/global-gold-monetary-fund-fosters-gold-backed-currency/1910062
In the next three to six months the Rodriguez Trust will (allegedly) begin to administer “universal basic income” for citizens of all GESARA-compliant countries. The amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can.
Global Currency Reset:
Mauricio Castano: “I am told Reno released funds Thurs. 9 Nov. that triggered transactions on Thurs. 9 Nov. and Fri. 10 Nov. All other platforms will (allegedly) begin Mon. 13 Nov. BSHL on Mon. 13 Nov.”
MarkZ: “I continue to hear that exchanges should start on Tuesday (14 Nov.)
Bruce: On Wed. 8 Nov. the Military (allegedly) gave the GCR a go ahead, the Green Light from Treasury was turned on and Activation Codes were entered into the Redemption Centers that allowed the new currency rates to go from the back screens to the front screens.
Sun. 12 Nov. Wolverine on RV in Columbia: “The presidency’s website has already published the possible bond redemption date. They arrived in Colombia Tues. 14 Nov. Everything is already organized, Petro already signed in New York last Friday and yesterday he signed at 1:30 in the afternoon the release of funds in Colombia for the bank of the Republic, Scotia Bank BBVA Davivienda; In Colombia, the Bank of the Republic is the one that gives the orders, things are already being organized with the Bank of the Republic so that those accounts that exceed USD 10,000,000 are not blocked; The procedures are being carried out and THE NEXT WEEK AFTER TUESDAY BEGINS; The Bank of the Republic releases the monies awarded to the Bank; They estimate working Saturdays and Sundays every day until December 15; immediate start for advances; In any case, have a little patience WE ARE READY NOW YES, it is estimated to serve 15 to 20 people a day, so we must demand that they come with all the documents ready.”
Read full post here: https://dinarchronicles.com/2023/11/13/restored-republic-via-a-gcr-update-as-of-november-13-2023/
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 Question: "Will there be a short time frame that the Iraqi citizens are informed of the rate change and able to benefit before the rest of the world finds out or do you feel we will all know when they know?" We'll all know at the same time...But a dinar is a dinar inside of Iraq. It will not be affected by the external exchange rate as it grows it stays at whatever exchange rate they release it at internally. Will citizens become rich? No, I wouldn't say they're going to be rich but they're going to have a lot more purchasing power...
Jeff Back in mid-September Sudani went to the UN meeting in New York. He stressed and put a huge emphasis on...cleaning, tackling and removing corruption. Since that point they've had a lot of articles coming out talking about combating corruption...This is what you're waiting on for the rate change...This is the central banks absolute #1 requirement in order to revalue...
"HOLD YOUR CASH," Jim Rickards Warns About the Coming Economic Meltdown Worse than 2008
Sisters Invest: 11-13-2023
"HOLD YOUR CASH," Jim Rickards Warns About the Coming Economic Meltdown Worse than 2008 Jim Rickards warns that the 2008 financial crash is the tip of the iceberg compared to the coming economic meltdown. Please continue watching as I tell you how experts predict the subsequent economic turmoil might unfold.
JP Morgan Makes Massive Changes As Unrealized Losses Explode
Atlantis Report: 11-13-2023
A recent report on JPMorgan Chase's overall financial statement has disclosed substantial losses on securities, with the banking giant now grappling with approximately $40 billion in unrealized bond losses as of the third quarter of this year.
This staggering figure represents a 20% increase compared to the preceding quarter. Yet, they are not alone in this crisis. Other big banks have been caught up in these troubling times struggling to stay afloat even as the smaller banks continue to go under. It appears that this is a game where only the biggest and fittest will survive.
More News, Rumors and Opinions Sunday Evening 11-12-2023
TNT:
Candykisses: Hundreds demonstrate in Sulaymaniyah to demand payment of their 3-month-old salaries
Baghdad Today - Sulaymaniyah
Hundreds of employees and teaching staff demonstrated on Sunday (November 12, 2023) in the city of Sulaymaniyah to demand the payment of their salaries delayed for 3 months.
The correspondent of "Baghdad Today" said that "hundreds of protesters in Sulaymaniyah renewed their demonstrations in the center of the city in protest against the non-payment of their delayed salaries for three months," noting that "the demonstrations were with the participation of school students who demanded the assumption of work, as well as the participation of dozens of employees in different ministries."
He pointed out that "the protesting students headed towards the building of the Directorate of Education of Sulaymaniyah," noting that "the demonstrations witnessed the imposition of strict security measures represented by cutting off the public road between Salem Street and Kirkuk highway."
TNT:
Candykisses: Hundreds demonstrate in Sulaymaniyah to demand payment of their 3-month-old salaries
Baghdad Today - Sulaymaniyah
Hundreds of employees and teaching staff demonstrated on Sunday (November 12, 2023) in the city of Sulaymaniyah to demand the payment of their salaries delayed for 3 months.
The correspondent of "Baghdad Today" said that "hundreds of protesters in Sulaymaniyah renewed their demonstrations in the center of the city in protest against the non-payment of their delayed salaries for three months," noting that "the demonstrations were with the participation of school students who demanded the assumption of work, as well as the participation of dozens of employees in different ministries."
He pointed out that "the protesting students headed towards the building of the Directorate of Education of Sulaymaniyah," noting that "the demonstrations witnessed the imposition of strict security measures represented by cutting off the public road between Salem Street and Kirkuk highway."
Tishwash: Expectations of a change in the price of a barrel of oil in the 2024 budget
Financial expert, Salah Nouri, expected a change in the price of Yarmil oil in the 2024 budget.
Nouri said {to Al-Furat News}: “There is little possibility of changing the price of a barrel of oil, because basically the Ministry of Finance approves the price of selling oil as a conservative one, that is, it is lower than the international price by about (10) dollars.”
He added, "With regard to the possible need to approve the 2024 budget law, despite the approval of the tripartite budget, there is an urgent need for it to be approved by the House of Representatives."
Nouri pointed out, “The approval will take place if the Ministry of Finance amends some articles of the 2024 budget that was previously approved. The House of Representatives will only discuss the amended paragraphs, and thus it will not delay in approving them.”
A financial advisor to Prime Minister Muhammad Shiaa Al-Sudani revealed to Al-Furat News the extent of the possibility of the need next year 2024 for legislation or amendment to the tripartite financial budget approved by Parliament last June.
Mazhar Muhammad Salih believes that the Federal General Budget Law of the Republic of Iraq No. 13 of 2023 represents an integrated financial plan for three years 2023, 2024 and 2025, and therefore there is no need for any new financial legislation, unless new financial and economic conditions arise that require the adoption of what requires an addition or Amending some constants and variables here and there. The government can go to the House of Representatives to approve the required partial amendments if the urgent need arises.
At dawn on June 12, the House of Representatives approved the draft financial budget law for the current year 2023 and the following years 2024 and 2025.
It is noteworthy that, on March 13, the Council of Ministers approved the largest financial budget in the country’s history, which exceeded 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit amounting to 63 trillion Iraqi dinars, taking advantage of the rise in oil prices, which constitutes more than 95 percent. % of the country's financial revenues. link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: On television they are showing Sudani again in Kurdistan...they are still having talks with the WTO...That caught us by surprise...They are saying from the WTO that they are doing the final edits to conclude the post ascension of Iraq into the WTO... FRANK: You got shoulder to shoulder. There are no problems! ...The WTO is not in Baghdad anymore, they're in Kurdistan... Wow, this is getting serious! FIREFLY: They are telling us they will be included in it because of what they have done with the monetary reform...
Militia Man Iraq's assistance for ascension is a key indicator especially when they're talking about post ascension. That is powerful because if they're talking about post ascension it gives you the heads up that the game's on - They're ready to finish it...
Central Bankers Preparing for Major Bond Market Crisis.
Maneco64: 11-12-2023
I will be joined on Sunday by Clive, Rafi, Andre, and Francis to talk about the bond market and much more. Join us for an hour in which we will be taking your questions too.
We will look at why Central Bankers are so concerned about the bond markets that they are conducting exercises with the major financial institutions in order to prepare for a major crisis.
America Warns China To Obey As US Debt Auction GOES BAD
Sean Foo: 11-12-2023
Yellen met with China's He, telling him to obey US sanctions on Russia. However, at the same time, demand for US treasuries is starting to collapse with the 30-year auction ending in disaster. We are seeing the US tighten sanctions because excessive borrowing in the debt markets is starting to backfire big time. Here's what you must know!
Timestamps & Chapters:
0:00 Yellen Warns China
2:49 US Bonds Collapse Further
6:00 China Iran Oil Risk
9:11 Why China Isn't Happy
11:46 Biden-Xi Meeting
Ecocnomist's "News and Views" Sunday 11-12-2023
The FDIC Seizes Another Major Bank, Financial Collapse Is Coming
The Atlantis Report: 11-12-2023
The recent turmoil in the United States banking system has sent shockwaves throughout the country, leaving thousands of Americans devoid of their hard earned paychecks.
The Federal Deposit Insurance Corporations’ seizure of yet another bank, coupled with the inability of major corporations like Bank of America, Wells Fargo, and Chase to process Automated Clearing House deposits, has caused widespread panic and uncertainty.
As the country grapples with deposit delays on what is payday for many, the question on everyone's mind is whether this is the end of the crisis or just the beginning.
Experts warn that hundreds of more Silicon Valley Bank like events will unfold in the near future, leaving even more Americans in financial chaos.
The FDIC Seizes Another Major Bank, Financial Collapse Is Coming
The Atlantis Report: 11-12-2023
The recent turmoil in the United States banking system has sent shockwaves throughout the country, leaving thousands of Americans devoid of their hard earned paychecks.
The Federal Deposit Insurance Corporations’ seizure of yet another bank, coupled with the inability of major corporations like Bank of America, Wells Fargo, and Chase to process Automated Clearing House deposits, has caused widespread panic and uncertainty.
As the country grapples with deposit delays on what is payday for many, the question on everyone's mind is whether this is the end of the crisis or just the beginning.
Experts warn that hundreds of more Silicon Valley Bank like events will unfold in the near future, leaving even more Americans in financial chaos.
MARKETS A LOOK AHEAD: GET ON THE RIGHT SIDE OF THIS NOW! Before Its Too Late...
Greg Mannarino: 11-12-2023
DISASTROUS WEEK: U.S. Debt Auction GONE BAD As Moody's Downgrades U.S.To Negative From Stable
Lena Petrova: 11-11-2023
Currency Insider Iraqi Dinar - Dong Updates Sunday Afternoon 11-12-23
Currency Insider Iraqi Dinar - Dong Updates Sunday Afternoon 11-12-23
Vietnam Dong Latest Rate Update
Currency Insider Iraqi Dinar - Dong Updates Sunday Afternoon 11-12-23
Vietnam Dong Latest Rate Update
Vietnam Dong Latest Rate Update
"Tidbits From TNT" Sunday 11-12-2023
TNT:
Tishwash: urgent Does 2024 need a budget amendment? A Sudanese advisor answers
A financial advisor to Prime Minister Muhammad Shiaa al-Sudani revealed the extent of the possibility of the need for legislation or amendment next year, 2024, to the tripartite financial budget approved by Parliament last June.
Mazhar Muhammad Saleh told {Al-Furat News} agency, “The Federal General Budget Law of the Republic of Iraq No. 13 of 2023 represents an integrated financial plan for three years 2023, 2024 and 2025, and therefore there is no need for any new financial legislation, unless financial and economic conditions arise that require the adoption of what is required.” Adding or amending some constants and variables here and there, the government can go to the House of Representatives to approve the required partial amendments if the urgent need arises.”
Saleh added, "But until now, the financial indicators for the fiscal year 2024 show that they are stable, and that the legislation available for the tripartite federal general budget is currently sufficient."
TNT:
Tishwash: urgent Does 2024 need a budget amendment? A Sudanese advisor answers
A financial advisor to Prime Minister Muhammad Shiaa al-Sudani revealed the extent of the possibility of the need for legislation or amendment next year, 2024, to the tripartite financial budget approved by Parliament last June.
Mazhar Muhammad Saleh told {Al-Furat News} agency, “The Federal General Budget Law of the Republic of Iraq No. 13 of 2023 represents an integrated financial plan for three years 2023, 2024 and 2025, and therefore there is no need for any new financial legislation, unless financial and economic conditions arise that require the adoption of what is required.” Adding or amending some constants and variables here and there, the government can go to the House of Representatives to approve the required partial amendments if the urgent need arises.”
Saleh added, "But until now, the financial indicators for the fiscal year 2024 show that they are stable, and that the legislation available for the tripartite federal general budget is currently sufficient."
At dawn on June 12, the House of Representatives approved the draft financial budget law for the current year 2023 and the following years 2024 and 2025.
It is noteworthy that, on March 13, the Council of Ministers approved the largest financial budget in the country’s history, which exceeded 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit amounting to 63 trillion Iraqi dinars, taking advantage of the rise in oil prices, which constitutes more than 95 percent. % of the country's financial revenues. link
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Tishwash: A Chinese visa for the citizens of Kurdistan soon and a modern park in Erbil.. A meeting between the governor and the consul
The Governor of Erbil, Omid Khoshnaw, confirmed on Sunday the issuance of travel visas to China for citizens of the region early next year, during his meeting with the Chinese Consul General in Erbil, Liu Jun, while the two parties discussed the establishment of a large park with a modern design, in the center of the city.
Statement by Erbil Governorate
On Sunday, the Governor of Erbil, Omid Khoshnaw, received Liu Jun, the Chinese Consul General. In the meeting, which was attended by the Mayor of Erbil and the Director of Erbil Parks and Gardens Engineering, the Chinese Consul General praised the progress and prosperity witnessed by Erbil and pointed out that Erbil is a historical and ancient city, and expressed his hope for That long-term friendly relations between the Kurds and China and relations between the Kurdistan region and its country develop in all fields (trade, industry, agriculture, and tourism).
For his part, the Governor of Erbil welcomed the consul and said, “China, as a major global trading country, and the presence of its companies in Erbil is important to us, and our desire is to continue developing relations with China. We confirm that, as always, our doors are open to all Chinese companies and investors, and if they want to work in Erbil, we will provide them with all Facilities.”
In another topic of the meeting, in addition to discussing the procedures for issuing Chinese visas by the Chinese Consulate, all preparations were made to issue Chinese visas to citizens in Erbil starting in the new year, and a project to build a large park with a modern design and Chinese style with an area of (15 thousand square meters) was discussed. Square) by the Chinese Consulate and under the supervision of the Erbil Governorate, and construction will begin soon. For this purpose, and in addition to identifying several places to implement the project, the Governor thanked the Chinese Consulate for its initiative and appreciated its work, which will be a beautiful gift from China to Erbil in the future. He stressed that the establishment of this park will support the environment. Healthy and increases the amount of green spaces in Erbil.
Then the Chinese Consul General officially invited the Governor of Erbil to visit China and the provinces of his country and expressed his desire for Erbil to become a sister province to his country. For his part, the Governor of Erbil accepted the Chinese Consul’s invitation and expressed his hope that the agreement would be signed between the city of Erbil and its sister Chinese provinces in as soon as possible.
In conclusion, the two sides expressed their readiness for any cooperation, coordination and facilitation to ensure the success of their work and joint projects. link
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CandyKisses: jp Morgan strengthens 5 Iraqi banks
A government source said on Saturday that negotiations took place during the past days between the Central Bank and the American side, to facilitate procedures for foreign transfers, while referring to an agreement to strengthen the advance balance of 5 Iraqi banks in dollars through (jp morgan).
Intensive meetings took place in Abu Dhabi in the past few days between a delegation from the Central Bank of Iraq and the US side responsible for foreign transfers to cover imports.
The negotiations culminated in a number of decisions and mechanisms that contribute to facilitating procedures for foreign transfers related to imports through the foreign currency sale window.
It was agreed to strengthen a pre- balance of five Iraqi banks in their dollar accounts with Jordanian banks and remittances through (jp morgan).
Problems with rejected transfers were resolved and it was agreed that the rejection of transfers was based on strong reasons.
Other meetings brought together one of the UAE banks, the Central Bank of Iraq and the American side to implement the mechanism of enhancing balances in the UAE dirham for Iraqi banks (UAE Dirham pilot).
All technical details have been resolved and the mechanism of enhancing balances in UAE dirhams is expected to begin within the next few days.
There are serious negotiations that have reached their final stages to strengthen the balances of some Iraqi banks in euros at UBAF Bank (UBAF) to finance trade with the European Union.
The number of banks whose assets are being strengthened in Chinese yuan through the Singapore Development Bank has been increased.
Opening accounts for six Iraqi banks in this bank and during the coming period, 7 other banks will be added to finance Iraqi trade and imports from China, where those imports are estimated at about 12 billion dollars annually.
This mechanism is expected to contribute to financing Iraq's imports from India, especially medicines and food, which are estimated at $3 billion.
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CandyKisses: The Central Bank achieves one of the main objectives of monetary policy in 2023
Economy News-Baghdad
The objectives of the monetary policy of the Central Bank are to achieve economic growth and stability, and one of its main objectives is to reduce inflation rates and stabilize the prices of goods and services in very complex economic, security and political conditions in 2023 that the world is going through, especially the countries of the geographical region, in which our country is negatively and positively affected.
And that these conditions have been suffered by our economy for decades and the reason is the rentier economy and the dependence of 93% as a rate of the general budget on oil, which constitutes about 60% of GDP, while the active economic sectors, namely agriculture, constitute 4.7% and industry does not exceed 2%, which are indicators that led to the lack of local production that covers the consumer need of citizens in food and other basic materials, so the dependence was almost entirely on imports for the commercial private sector and from different origins,
BAnd successive governments could not Control of internal trade and regulation of foreign trade and weak control over illegal trade and informal border crossings, which led to the impact of the monetary and commercial market and the prices of food and necessary materials for citizens at high rates during the years 2021 and 2022, so this indicator was the most prominent challenge that faced monetary policy and directly affected the stability of the exchange rate, which led the Central Bank to take many measures in cooperation with the government in 2023 to regulate foreign trade and control control over foreign remittances.
And regularity in the global financial and banking system by developing the electronic platform and working on preparing and launching a new strategy for reform and banking classification in all its basic episodes at the level of internal and external banking transactions, the most prominent of which is securing the US dollar for large and registered traders and for each trader, regardless of his classification at the official price through the platform exclusively, which helped to reduce prices
This was achieved through the analysis of the annual inflation rate indicators for 2023, which was published by the Central Bank compared to the annual inflation rates for 2022 achieved in Iraq and in regional countries, where it is clear from official data that the annual inflation rate reached 3.7% in 2023 and 4.4% in 2022, and that most other countries with unstable economies reached Inflation rates have very high rates, reaching 80.2% in Turkey, 117.4% in Sudan, 40.0% in Iran, 9.3%, 9.0% and 5.0% respectively in Egypt, and ranged
in the Gulf countries with stable economies and rich in oil between (2.4-4.8%).
Maintaining the general level of prices of goods and services is currently working to achieve other goals, which are the stability of the exchange rate and the maintenance of foreign reserves covering the local currency in circulation and imports, which exceeded 100 billion dollars.
Therefore, the economic results and outputs confirm that the policies and measures carried out by the Central Bank this year have achieved an important goal of achieving stability in the monetary system, which is an important step in achieving the other objectives of monetary policy.
Mot: ...... Sooooooooooo True!! --- Sooooooooooo True!!!
Mot: Firefly Experience - Summer Night with Fireflies (Lightning Bugs)
Currency Insider Iraqi Dinar - Dong Updates Sunday AM 11-12-23
Currency Insider Iraqi Dinar - Dong Updates Sunday AM 11-12-23
Iraqi Dinar Outstanding Achievement Congratulations Iraq
Currency Insider Iraqi Dinar - Dong Updates Sunday AM 11-12-23
Iraqi Dinar Outstanding Achievement Congratulations Iraq
Iraqi Dinar Outstanding Achievement Congratulations Iraq