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 all….. Happy Monday!!

MZ: There is construction work on going today here and may cut the podcast short due to noise. If it is too much we will cut this morning short after the news and go much longer this evening or even start tonight considerably early. There is a ton going on.

Member: Maybe today is the day! Rumor has it that paymasters have the codes and have punched them in,

MZ: I can tell you I have a number of bond folks that are now “NDA”d” It is getting very interesting. I was told specifically that they could “no longer talk-NDA” But, I do not know if it means they have money or not.

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Update- Some highlights by PDK-Not verbatim

Member: Good morning all….. Happy Monday!!

Member: Maybe today is the day! Rumor has it that paymasters have the codes and have punched them in,

Member: I bet they were told to shut up or they won't get any money

Member: Many NEED NDA's because they can't keep their mouths quiet anyway. If we have one it is for your own safety and privacy.

Member: Are rates showing up on US bank screens?

MZ: Probably. …Screens are confusing ….back screens , or front screens? .but I have not personally seen them show up on the tellers screens yet though. But there are reports of tellers showing people the rates.

Member: my bank manager said iqd have always been on the screen just been inactive

Member: Wolverine posted on Telegram Community that he had to be quiet and it’s time to buckle up

Member: With all the battles going on in the country and around the world.- How is it possible to have a revaluation of currencies?

MZ: The revaluation brings the peace….not peace bringing a revaluation .there will never be sustained peace until they take care of imbalances.

Member: I heard the RV help the banks be Basel 3 compliant.

Member: Once investors can't get their $$$ out...the bankruns begin...IMO...

Member: Can the RV happen before the Mar. 11 fiat/asset backed flip?

MZ: I don’t know anything about that date….but its anticipated to happen soon. Can it happen before that date? Absolutely- especially what is happening this week. Today has already been a huge day

MZ: “Evergrande was once China’s biggest property developer and has now been ordered to liquidate” the real estate giant owes over $327 billion . China is in trouble guys.

MZ: “ US dollar exchange rate drops in Baghdad and Erbil” Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us and is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value.

MZ: “Iraq is still in talks with Us to end troop mission against Isis” I think we are getting closer and closer.

MZ: “JP Morgan Chase, Citibank and Goldman Sachs draft landmark lawsuit against Federal Reserve” All this is over Basel 3. So with basel 3 30% of people would be able to get their money out of the banks in case of a bank run…instead of the only 20% now.

Member: What would be considered “double dipping”?

MZ:. I am told you will only get the preferential rate once. You can exchange many times…but only one appointment to get the best rate. But, if one currency goes before all the others…imo there will be no such thing as double dipping. Stop worrying about double dipping.

Member: My family is starting to get a little discouraged with nothing going on. it's hard to keep them believing.!

Member: Just hang on a little longer. We are on the cusp…….Then you can say “I told you so”

Member: Thanks to all…..see you all tonight and maybe Mark will have great news for us.

Nader briefly joined the stream today. Please listen to the replay for his information and opinions

“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.

Twitch: https://www.twitch.tv/theoriginalmarkz

Youtube: https://www.youtube.com/watch?v=04eEHlNFV3A

DINARRECAPS8 1/29/24 DINARRECAPS8 1/29/24

Currency Insider Iraqi Dinar - Dong Updates Late Sunday Evening 1-28-24

Currency Insider Iraqi Dinar - Dong Updates Late Sunday Evening 1-28-24

Vietnam Dong Latest Rate Update 1:24

Iraqi Dinar Very Close To Finish Line It’s A Big Move 4:22

Iraqi Dinar & Dong Holders exciting time rates are $4.1 to $5.3 3:52

Currency Insider Iraqi Dinar - Dong Updates Late Sunday Evening 1-28-24

Vietnam Dong Latest Rate Update 1:24

Iraqi Dinar Very Close To Finish Line It’s A Big Move 4:22

Iraqi Dinar & Dong Holders exciting time rates are $4.1 to $5.3 3:52

Vietnam Dong Latest Rate Update 1:24

https://www.youtube.com/watch?v=quRIwkV40Jw

Iraqi Dinar Very Close To Finish Line It’s A Big Move 4:22

https://www.youtube.com/watch?v=CsJM6_UMQkw

Iraqi Dinar & Dong Holders exciting time rates are $4.1 to $5.3 3:52

https://www.youtube.com/watch?v=PRfZ5a4KMMo

Dinar Recaps 20 1/29/24 Dinar Recaps 20 1/29/24

Ariel Thoughts on China's Evergrande News 1-28-2024

China Evergrande ordered to liquidate by Hong Kong court

Jan. 28 – REUTERS

A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send RIPPLES through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis.

MARKET REACTION:

Trading in shares of China Evergrande, China Evergrande New Energy Vehicle Group (0708.HK), opens new tab, and Evergrande Property Services (6666.HK), opens new tab was halted. The benchmark Hang Seng Index (.HSI), opens new tab was up 1.2%.

COMMENTARY:

LANCE JIANG, RESTRUCTURING PARTNER, ASHURST

“The market will pay close attention to what the liquidators can do after being appointed, especially whether they can achieve recognition from any of the three designated PRC courts under the 2021 Arrangement regarding Cooperation on Cross-border Insolvency Cases between the Mainland and the Hong Kong SAR. The liquidators will have very limited powers of enforcement over onshore assets in mainland China if they cannot get such recognition.

“If Evergrande is put into bankruptcy administration by a PRC court, international investors will need to see whether the PRC court-appointed administrator can work with the liquidators appointed by the Hong Kong court to achieve a transparent, cooperative and fair restructuring or liquidation of Evergrande.”

CHRIS BEDDOR, DEPUTY DIRECTOR OF CHINA RESEARCH, GAVEKAL DRAGONOMICS, HONG KONG

“Evergrande is a unique case in many respects, but it does underscore that the overall situation for property developers has not meaningfully improved in recent months. In fact, the industry continues to worsen in some ways, such as sales revenue.

“There’s also a fairly clear transmission mechanism for how this impacts the mainland market: homebuyer sentiment. Potential homebuyers are still deeply reluctant to buy presold homes from troubled developers, and we see that reflected in the data.

“This certainly won’t help the sentiment problem.”

FERN WANG, SENIOR RESEARCHER, KT CAPITAL GROUP, HONG KONG

“The ruling should only have limited short-term implications to investor sentiment as it is long in the making. Evergrande’s liquidation ruling should not preclude other troubled property developers from reaching an agreement with their creditors. Developers just need to show that they are willing to work with creditors to come up with a fair and feasible restructuring plan. Sunac, another major troubled developer, managed to reach a restructuring plan with its creditors at the end of last year, showing that it is something doable.

CAI HONGFEI, PROPERTY ANALYST, CENTRAL WEALTH SECURITIES

“I think the impact is limited. Evergrande no longer has ability to operate. It cannot solve its own problem, so has no other choice but liquidation. And the boss has been arrested. Evergrande is a special case.”

Read full article here: https://dinarchronicles.com/2024/01/28/china-evergrande-group-ordered-to-liquidate-by-hong-kong-court/

************

Ariel: Breaking News: Do you know what this means for Hedge Funds & Big Banks?

Do you know what this means for your new economy?

Do you know what this means for the 1871 US Corp?

Do you know what this means for the Rothschilds banking system?

Do you know what this means for the fiat USD?

Do you know what this means for warmongering aristocrats?

Do you know what this means for the Federal Reserve?

Do you know what this means for the IRS?

Do you know what this means for the new Republic?

Do you now understand what I told you when your freedom starts with the collapse of the fiat dollar?

Do you now understand why Iraq had been waiting to release the new exchange rate?

https://dinarchronicles.com/2024/01/29/ariel-prolotario1-do-you-now-understand-why-iraq-has-been-waiting/

Dinar Recaps 20 1/29/24 Dinar Recaps 20 1/29/24

News, Rumors and Opinions Monday AM 1-29-2024

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 of the Restored Republic via a GCR: Update as of Mon. 29 Jan. 2024

Compiled Mon. 29 Jan. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Sat. 27 Jan. MarkZ: From the bond side the majority of my Bond folks are expecting things to happen the last two days of the month …so that is next Tues and Wed.

Sun. 28 Jan. Wolverine: I know I’ve been told to be quiet but I’m allowed to share things are have already been discussed before and allow me to refresh your memory. The paymasters have (allegedly) received the money days ago.1% will be paid out this week (please stay grounded). Bonds will be (allegedly) paid out first which then triggers the 4B to go. All this (allegedly) needs to go before the end of this month. Just stay grounded and have faith that this is coming. God bless

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 of the Restored Republic via a GCR: Update as of Mon. 29 Jan. 2024

Compiled Mon. 29 Jan. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Sat. 27 Jan. MarkZ: From the bond side the majority of my Bond folks are expecting things to happen the last two days of the month …so that is next Tues and Wed.

Fri. 26 Jan. Wolverine Chat Room: “People are wondering what is going on. Many are saying things are not going to start, till Feb or longer and that is not so. Things are happening. Now in The Pentecostal group, ONE of the leaders has(allegedly) distributed the blessing to its members. He made that announcement on a radio broadcast in Colombia and everyone in that particular group was paid about an hour or so ago! This is Good news!

We are also getting good news that today may (allegedly) be the day we are waiting for. There is still time for me to receive the announcement for bonds to be released, and then I will release the Opera. I will not wait for Tier4b, because once bonds go then Tier 4b will go very soon.

It seems the Pentecostal group was the(allegedly) lynchpin to start the bond payments, it has more than 3 million members. It has happened. That leader has about 80 thousand members, and it has started guys. It is done, and people have been blessed. I just wanted to say this to you guys that it has started. What was told me to yesterday, again, was this” Wolvie nothing is going to stop it now! This needs to be finished before the end of the month. Some whales will be paid hopefully by Monday Please try to relax, it is coming. This news is coming from people who are actually doing this. Love you guys! Remain in faith to God that we are going to be receiving this blessing very soon. Wolverine.

The gold-backed US Dollar was (allegedly) introduced from Reno on Thurs. 25 Jan. at 4:47 am.

All 86 Global Currency Reset platforms were(allegedly) loaded with monies and launched on Fri. 26 Jan.

Anywhere from Sat. 27 Jan. through Tues. 30 Jan. Tier 4b (us, the Internet Group) would be (allegedly) receiving emails that say how to set currency exchange and Zim Bond redemption appointments.

There were (allegedly) 400,000 of those emails that would go out in groups during a 18 hour period.

Payouts would be given first to governments, then businesses, then individuals.

The payment runs of first Zimbabwe Blue and Derivatives would(allegedly) begin on Mon. 29 Jan. at 9am EST.

All banks will (allegedly) begin to pay at the same time.

Tier4b appointments will run(allegedly) until Thurs. 15 Feb. 2024.

Global Financial Crisis:

Sun. 28 Jan. A Hong Kong judge has ordered the Cabal’s and the World’s largest real estate company, Evergrande, to liquidate. The dominos have already started to fall. https://news.yahoo.com/finance/news/embattled-china-evergrande-back-court-231318890.html

Sun. 28 Jan. QFS NEWS: All Banks are Transitioning Over Into the QFS – Start Getting Hold of the ISO 20022 XLM and XRP – 8 Billion People Will Inevitably Transition to the QFS – American Media Group (amg-news.com)

Fri. 26 Jan. Quantum Financial System: Blockchain technology, Precious Metals Backing, Digital payments – A Revolution in Financial Freedom – American Media Group (amg-news.com)

Read full post here: https://dinarchronicles.com/2024/01/29/restored-republic-via-a-gcr-update-as-of-january-29-2024/

************

Courtesy of Dinar Guru: https://www.dinarguru.com/

Sandy Ingram The financial World buzzing... Iraq is now making headlines with its own investment fund the AFC Iraq fund managed by Asia Frontier Capital limited has emerged as the top performing long only unleveraged actively managed generalist Equity Fund in the world in 2023 boasting a net performance of over 110%. This remarkable feat can be attributed to the funds investment strategy that focuses on long-term drivers of the transformation of the Iraqi economy...Iraq's investments in streams of income outside of the oil industry goes a long way in helping the country to gain economic stability and to increase the value of their currency.

Imperator I would like clarify the term “Delete the Zeros”. Some Gurus think it means drop the zeros off of the notes. Other Gurus think it means drop the three zeros off the EXCHANGE RATE. The first one is a lateral move, no gain in purchasing power and is only accepted by the world community in cases of runaway inflation. The second one is a real change in the value of the a currency greatly benefiting the currency holders. This is only accepted by the world community when there is a consensus that the currency is undervalued. Draw your own conclusions.

A Market Shockwave Threatens to Send Stocks Crashing, Get Ready For Panic

Atlantis Report: 1-29-2024

The world is facing a looming financial crisis that could dwarf the 2007-09 global meltdown, yet hardly anyone is talking about it. This crisis is not caused by subprime mortgages, derivatives, or excessive leverage but by something much more fundamental and pervasive: the retirement crisis. The retirement crisis that looms on the horizon may be the most significant challenge of our time, yet its silent march remains largely unnoticed.

It's time to break the silence, to confront the harsh realities of retirement insecurity, and to chart a course towards a more stable and equitable future for all. market, too, stands at a precipice, teetering on the brink of a potential crisis.

https://www.youtube.com/watch?v=D7h_thO0Q_0

Dinar Recaps 20 1/28/24 Dinar Recaps 20 1/28/24

It's Planned: Tank Entire Credit System | Bill Holter

It's Planned: Tank Entire Credit System | Bill Holter

Liberty and Finance: 1-24-2024

The M2 money supply is decreasing. The last time we saw a this dramatic decrease in M2 was before the Great Depression, says Bill Holter, former Wall St manager and founder of BillHolter.com.

This decline "is death to the credit markets." The credit market collapses and "that's how you'll own nothing."

He expects the government will roll out a Central Bank Digital Currency (CBDC) amid such a crisis. No bank is safe, he says, because the value of currency itself is at stake.

It's Planned: Tank Entire Credit System | Bill Holter

Liberty and Finance: 1-24-2024

The M2 money supply is decreasing. The last time we saw a this dramatic decrease in M2 was before the Great Depression, says Bill Holter, former Wall St manager and founder of BillHolter.com.

This decline "is death to the credit markets." The credit market collapses and "that's how you'll own nothing."

He expects the government will roll out a Central Bank Digital Currency (CBDC) amid such a crisis. No bank is safe, he says, because the value of currency itself is at stake.

INTERVIEW TIMELINE:

0:00 Intro

1:45 U.S. economy

14:31 Debt problem

23:17 Upside down policies

42:57 Banking system

45:19 Central bank gold

46:40 Reverse repo

48:33 Money supply decrease

https://www.youtube.com/watch?v=fBn5zgpXOuc

DINARRECAPS8 1/28/24 DINARRECAPS8 1/28/24

Iraqi Dinar Today Video Updates Sunday Afternoon 1-28-24

Iraqi Dinar Today Video Updates Sunday Afternoon 1-28-24

US Banks Approved Every IQD $2.38 to $2.40 USD 3:00

WOW Iraqi Dinar RV Approved 31st January 2024 3:02

CBI Takes Bold Steps to Protect Iraqi Dinar 2:59

Iraqi Dinar Today Video Updates Sunday Afternoon 1-28-24

US Banks Approved Every IQD $2.38 to $2.40 USD 3:00

WOW Iraqi Dinar RV Approved 31st January 2024 3:02

CBI Takes Bold Steps to Protect Iraqi Dinar 2:59

US Banks Approved Every IQD $2.38 to $2.40 USD 3:00

https://www.youtube.com/watch?v=mfhWYoeVv2E

WOW Iraqi Dinar RV Approved 31st January 2024 3:02

https://www.youtube.com/watch?v=7491KRP2Ttw

CBI Takes Bold Steps to Protect Iraqi Dinar 2:59

https://www.youtube.com/watch?v=_I4fbDW4BKY

Dinar Recaps 20 1/28/24 Dinar Recaps 20 1/28/24

More News, Rumors and Opinions Sunday Afternoon 1-28-2024

TNT:

CandyKisses: 16 MasterCard Cards Seized In The Possession Of A Traveler Who Tried To Smuggle Them Through Baghdad Airport

The Baghdad International Airport Crossing Directorate was able to arrest an Iraqi passenger in possession of 16 hidden MasterCard cards without declaring them.

The seizure was carried out in cooperation with the airport customs center and the customs police through a thorough inspection.

A joint committee was formed, a seizure report was organized, and the accused was referred to the Baghdad Airport Police Station to take appropriate legal measures.

TNT:

CandyKisses: 16 MasterCard Cards Seized In The Possession Of A Traveler Who Tried To Smuggle Them Through Baghdad Airport

The Baghdad International Airport Crossing Directorate was able to arrest an Iraqi passenger in possession of 16 hidden MasterCard cards without declaring them.

The seizure was carried out in cooperation with the airport customs center and the customs police through a thorough inspection.

A joint committee was formed, a seizure report was organized, and the accused was referred to the Baghdad Airport Police Station to take appropriate legal measures.

CandyKises: Egypt operates a trade line with Iraq and Jordan to transport goods to Europe and America

The Egyptian Ministry of Transport has operated the first phase of the Arab integrated multimodal logistics trade line between Egypt, Jordan and Iraq, to serve the transport of goods in the Gulf countries to the ports of European and American countries.

Goods pass through the connection between the ports of Aqaba and Nuweiba on the Gulf of Aqaba, including by land - currently - through Sinai through the Nuwayba road, and from there to the ports of Al-Arish, East Port Said, Damietta and Alexandria, which is the land part of the Taba Al-Arish Logistics corridor, in order to exploit direct maritime services between Egyptian, European and American ports, through the Egyptian Ministry of Transport in cooperation with the Iraqi and Jordanian ministries of transport.

Goods are transported through trucks from Iraq and Jordan to the port of Aqaba in Jordan, then the trucks cross freely inside the ships to the port of Nuweiba, then by land through the Nuweiba road, the tunnel passing through Sinai to reach the ports of East Port Said, Damietta and Alexandria, and then shipped in ships to European and American ports.

The Taba-Al-Arish - Bir Al-Abd Railway - Al-Fardan Railway is being constructed with a length of 500 kilometers, to increase the volume of goods targeted for transport from the Gulf, Iraq, Jordan and Jordan to Europe and America within the second phase of the integrated Arab Trade Line, and trucks in the ports of Nuweiba and Taba will be replaced by railway trains, which increases goods through railway lines that connect with all Egyptian ports.

It was operational at the beginning of January 2024, as Egypt amended all the necessary customs legislation to facilitate and increase direct international transit movement through the Egyptian state through the infrastructure of ports and road and railway networks. The Egyptian Ministry of Transport also joined the "Tir" and "Vinna 1968" agreements, which facilitate the entry of foreign trucks to cross inside Egyptian territory in the shortest possible time.

The line is the fastest in arrival time, the least expensive and the easiest in procedures and opportunities, and it also contributed to the link between Jordan, Iraq and the Gulf countries, through the Nuweiba seaport to the Egyptian ports overlooking the Mediterranean Sea and from there to the European market.

For his part, the Egyptian Minister of Transport, Lieutenant General Kamel Al-Wazir, confirmed, according to the Egyptian Day Seven, that the operation of this line came based on coordination between the Egyptian Ministry of Transport and the Jordanian and Iraqi ministries of Transport through the strategic partnership with the Arab Bridge Shipping Company. Its operation also comes in light of the directives of President Abdel Fattah Al-Sisi, President of the Republic, to transform Egypt as a center for global trade and logistics, and the implementation by the Ministry of Transport, an integrated plan for the development and development of international multimodal transport hubs (land - railway - river - sea) and within the framework of the Taba- Al-Arish logistics corridor, which is currently being implemented within 7 integrated international development corridors.

https://mawazin.net/Details.aspx?

************

Courtesy of Dinar Guru: https://www.dinarguru.com/

Frank26 IMO a lot of promises were made by Sudani in Davos. Today Sudani uses more new words to describe to the citizens that the time to wait for the reinstatement of their currency and new exchange rate is shorter than it's ever been before. It's shorter than a step stool with the legs of a corgi dog...these are exciting times.

Pimpy 90% of Iraq's exports are in oil... Remember Iraq wants to be competitive in the trade market. Increases in their exchange rate would cause the items they are exporting to go up in cost. Since 90% of the exports is oil, this is different...An increase in Iraq's exchange rate could lead to a stronger Iraqi dinar relative to other currencies. This would mean for each unit of oil sold, Iraq would receive more foreign currency.

MARKETS A LOOK AHEAD: Banks Are In Trouble! YOU CAN EXPECT ANOTHER MAJOR BAILOUT!

Greg Mannarino: 1-28-2024

https://www.youtube.com/watch?v=5cS0NSWeuuc

Economic Ice Age Begins: Panic Selling In China Triggers Stock Market & Yuan Crash

Atlantis Report: 1-28-2024

From a real estate crisis and deflationary pressures to rising debt, a declining birth rate, and geopolitical tensions, a major economic landscape is undergoing a seismic shift. As they contend with these issues, the global economy braces for the ripple effects of this economic downturn, questioning not 'if' but 'when' the impact will be felt worldwide.

https://www.youtube.com/watch?v=LMIVWFaA6Mk

DINARRECAPS8 1/28/24 DINARRECAPS8 1/28/24

Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 1-27-24

Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 1-27-24

Iraqi Prime Minister Al Sudani Big Announcement 5:08

Iraqi Dinar Verify Rate $2.38 To $2.40 4:59]

Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 1-27-24

Iraqi Prime Minister Al Sudani Big Announcement 5:08

Iraqi Dinar Verify Rate $2.38 To $2.40 4:59]

Iraqi Prime Minister Al Sudani Big Announcement 5:08

https://www.youtube.com/watch?v=Y6IUosBLZdE

Iraqi Dinar Verify Rate $2.38 To $2.40 4:59

https://www.youtube.com/watch?v=_nKOwCW3d9w

Dinar Recaps 20 1/28/24 Dinar Recaps 20 1/28/24

News, Rumors and Opinions Sunday Morning 1-28-2024

KTFA:

Frank26: "SALEH...THE ONLY REASON YOU ASK THIS QUESTION... IS BECAUSE YOU KNOW THAT IRAQ IS ABOUT TO RAISE THE VALUE OF THEIR NATIONAL SOVEREIGN CURRENCY".....F26

Beha_Saleh...on the citizen’s confidence in banks: It is still fading!

1/26/2024

Has the Central Bank of Iraq achieved sufficient reforms to raise the value of the dinar against the dollar?

The price difference between the official and the parallel is still the same, and the citizen’s confidence in the banks is still in place! LINK

KTFA:

Frank26: "SALEH...THE ONLY REASON YOU ASK THIS QUESTION... IS BECAUSE YOU KNOW THAT IRAQ IS ABOUT TO RAISE THE VALUE OF THEIR NATIONAL SOVEREIGN CURRENCY".....F26

Beha_Saleh...on the citizen’s confidence in banks: It is still fading!

1/26/2024

Has the Central Bank of Iraq achieved sufficient reforms to raise the value of the dinar against the dollar?

The price difference between the official and the parallel is still the same, and the citizen’s confidence in the banks is still in place! LINK

Frank26: "THE NEW EXCHANGE RATE OF THE NEW MONETARY REFORM IS DEVELOPING MANY NEW ECONOMIC PARTNERSHIPS!!!"...........F26

The Prime Minister confirms that Iraq is moving towards major development and strategic projects and productive economic partnerships

1/25/2024 Baghdad

Prime Minister Muhammad Shiaa Al-Sudani confirmed on Thursday that Iraq is moving towards major development and strategic projects and productive economic partnerships.

The Prime Minister’s Media Office stated in a statement, seen by Al-Iqtisad News, that “Prime Minister Muhammad Shiaa Al-Sudani received, this evening, Thursday, a delegation of secretaries and governors of Arab capitals headed by the Secretary-General of the Arab Cities Organization, Abdul Rahman Hisham Al-Asfour, and Al-Sudani welcomed the The meeting began with the Arab guests and their meeting that was held in Baghdad after a break that lasted more than three decades, stressing Baghdad’s permanent readiness and ability to host all its guests, whether they are Arab brothers or friends.

The Prime Minister affirmed - according to the statement - “Iraq is moving towards major development and strategic projects and productive economic partnerships,” noting that “the government in Iraq has placed as its top priority the comprehensive improvement of Baghdad and the rest of Iraqi cities, as well as openness to the successful experiences of brothers and friends, in Regarding reliance on technology and advanced methods for urban development and all service sectors.”

Al-Sudani stated, “At a time when we are searching for the best ways to develop and advance our cities, Gaza stands out before us because of the systematic destruction and devastation it is suffering from, and the lack of the most basic means of livelihood, due to the aggression and inhumane crimes committed by the occupation authorities against our Palestinian people there.” He reiterated his support for “establishing a fund to support and reconstruct the Gaza Strip after the cessation of the aggression, which is the initiative launched by Iraq during the 2023 Cairo Peace Summit, which was held last October, and was greatly welcomed.” LINK

************

Frank26: "IT WAS MUCH MORE THAN THAT... AND THIS WAS MAINLY DUE TO THE CONTRACTS SUDANI SIGNED IN 2023."............F26

The Credit Bank of Iraq achieves a profit of 17.5 billion dinars during the year 2023

1/26/2024

The Credit Bank of Iraq achieved a profit of 17.5 billion dinars during the year 2023.
The bank announced its financial budget for the year 2023. Its assets rose to 507.7 billion dinars, while it was 406.7 billion dinars in the year 2022, a growth rate of 24.8%.

The bank's revenues amounted to 27.1 billion dinars, divided into 18.3 billion dinars resulting from banking interest revenues and 3.7 billion dinars through banking commission revenues, in addition to revenues from the dollar and capital platform.

The bank's profits grew by 63.5% during the year 2023 compared to the year 2022, which reached 10.7 billion dinars. LINK

Courtesy of Dinar Guru: https://www.dinarguru.com/

Militia Man They're basically going to have to make announcements publicly that the currency exchange must be made...They're going to have to say something before too far along...I'm very positive with what we're seeing...things coming together at this time, it's compact. There's just one thing after another, seems to have a symbiotic relationship to Iraq's monetary/financial/banking/tax reforms...

Breitling I think the dinar is going to revalue. I think it's great. It's a great opportunity. A lot of it has to do with its foreign currency reserves which is in the US dollar. It [Iraq's] is one of the biggest in the world.

************

All Your Financial Assets Could DISAPPEAR | John Rubino

Liberty and Finance: 1-27-2024

"The financial system is going to break," says John Rubino of https://rubino.substack.com and widely followed financial author.

The masses will likely feel the brunt of the pain if they don't prepare, he says. Since the Dodd-Frank act, bail-in type seizure of your assets are now allowed throughout the financial system.

"Whatever you have in an account anywhere can just disappear," he notes, pointing to expert analyses of the current policies for financial institutions, from banks to brokerages.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Recession signals

11:00 The Great Taking

25:40 Information monopoly

35:11 Rubino's substack

42:00 Bitcoin ETFs

https://www.youtube.com/watch?v=p10ytYQ7qsg

Dinar Recaps 20 1/27/24 Dinar Recaps 20 1/27/24

More News, Rumors and Opinions Saturday PM 1-27-2024

Tishwash: Iraq and China hold discussions on the path to development

Iraq and China held the fourth round of political consultations between the two countries in Beijing.

The Ministry of Foreign Affairs stated in a press statement, “The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Ambassador Muhammad Hussein Bahr al-Ulum, chaired the meetings of the fourth round of political consultations between Baghdad and Beijing, in the presence of Ambassador Shorsh Khaled, in the building of the Chinese Ministry of Foreign Affairs, and the Chinese side was headed by Deputy Foreign Minister Deng Li.” .

She added, “The political consultations discussed a number of regional and international issues of common interest, most notably the joint efforts to achieve a ceasefire in Gaza, praising China’s positions in support of Iraq in international forums, and Iraq’s support for the “principle of one Chinese sovereignty.”

Tishwash: Iraq and China hold discussions on the path to development

Iraq and China held the fourth round of political consultations between the two countries in Beijing.

She pointed out, “Iraq’s desire to actively participate in the Chinese Belt and Road Initiative was stressed, as well as inviting China to contribute to the development road project, enhancing cooperation in the field of energy, infrastructure projects, financial and digital cooperation, and cultural and popular exchange between the two countries, and moving forward from In order to activate the strategic partnership between the two countries.”

The agent extended an invitation, on behalf of Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein, to Chinese Foreign Minister Wang Yi and his first deputy, Deng Li, to visit Baghdad as soon as possible, praising “China’s positions in support of Iraq,” according to the statement. link

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Tishwash: Iraqis do not trust their banks and bankers reveal the reasons!

Most Iraqis avoid depositing their money in state or even private banks, and prefer to collect it in home safes, as they consider leaving it inside their sleeping pillows safer than using bank safes.

Employee Sahira Shaker (56 years old) said in an interview with Al Mada: “I thought the loan announced by the government would save my situation, and I would finally be able to build my house and get rid of the cost of rent, but I found that the loan had become a heavy burden that was draining my monthly income, as I found myself borrowing.” To meet the needs of the home.

She added, "She is repaying the loan she took from a government bank five years ago," noting that "the interest rate is exaggerated, especially since the loans are supposed to be targeted to the underprivileged classes, but this has increased the burden on them."

For his part, citizen Adel Mohsen expresses his astonishment at the presence of individuals depositing their money safely in Iraqi banks, in light of the spread of corruption and exploitation that has become clear. He told Al Mada that he "does not trust all government and private banks, based on what he heard of the many problems that depositors are exposed to," pointing out that he "suffices to store his money in his home with full confidence, by placing it under the bed or inside the wardrobe."

In addition, Malak Rahman, an employee official at one of the private banks, said during an interview with (Al-Mada), that “some employees take advantage of the citizen’s limited knowledge and request amounts exceeding what is stipulated when opening a bank account, which range between (13-25) thousand dinars, and she spoke Also when transferring money via external transfers, additional fees are imposed, and most customers pay without realizing it.”

In turn, she alerted the customer to the need to “be smarter and pay attention to the amount of fees on the transfer paper, and he can file a complaint with the official at the bank or the main branch.”

Regarding the other mechanisms used, Rahman explains, “There is a process of exploitation that takes place by withholding the citizen’s passport and withdrawing money through it, and the citizen is told that his passport is invalid, or when the customer comes to withdraw his money, he is informed that there are fees on it.”

Malak stated, “Some employees manage their profession with transparency and credibility, as they monitor violations and report them to the Central Bank. However, some of them, upon monitoring violations, blackmail banks, and amounts reach 200 million or receive lands as compensation in exchange for covering up violations.” .

In this context, the economic expert, Ahmed Eid, points out that “the banking sector in Iraq suffers from distortions in its general structure, such as a lack of financing and weak cash deposits by citizens.” He attributes the reason why individuals avoid depositing to “the absence of facilities and offers that encourage citizens to place their money in government or private banks.”

Abdel Aber (Al-Mada) confirms: “The lack of confidence in the banking sector on the part of citizens, attributing this to the financial policy followed by the Central Bank, especially after the manipulation of exchange rates and the inability of the monetary authority to confront the crisis.”

He points out the presence of "banks and exchange offices that are under the control of some parties and influential parties, which puts the Iraqi financial market and the general economic decision in the grip of those parties."

The economic expert added, "There is negligence and a lack of interest, while warning of the spread of bribery and bargaining by bank employees. He pointed to the methods they use, such as "selling the dollar to travelers who pay the bribe directly, with the aim of facilitating the inclusion of their names on the platform for selling the dollar."

Eid held the Central Bank of Iraq fully responsible for not publishing the available offers and the absence of an awareness role among state departments and citizens, as he stressed the importance of education regarding bank deposits, especially after the government’s attempt to move towards an electronic payment system.

Economic researcher Abdul Salam Hassan said in an interview with Al Mada: “Most private banks belong to influential people or to those who have a relationship with them, and their ownership is mostly owned by people outside the country,” pointing out “the presence of smuggling and significant exploitation of depositors’ money, causing losses to them.” This also happened in the Iraqi and Islamic Commercial Bank, where large corruption files were revealed by Hamdiya Al-Jaf during the past year.”

He adds, “The interest rate requested by the banks is large and is accompanied by a number of observations,” noting that “an interest rate of 80 percent is imposed on those who deposit their money, that is, 80 thousand for every 100 million, and a profit rate of up to 60 percent is taken when granting loans.” These percentages are considered an indication of the government’s lack of support for the private sector, contrary to its claims.”

He continues, "Government banks, such as Al-Rafidain and Al-Rashid, have many comments," noting that after the law was amended, the interest rate became 30 percent.

He explains, "The problems that the Iraqi banking system suffers from are old and go back decades, and the banks have not kept pace with the progress taking place in the world."

Abdel Salam continues, “The successive political crises in the country, the nationalization of banks, and the seizure of depositors’ funds made Iraqis lose confidence in banks, which led to the storage of money in homes, and therefore the money deposited in banks does not exceed 15 percent of the size of the Iraqi monetary mass.”

At the conclusion of his speech, he stressed “the importance of abolishing the tedious routine in banking institutions, which requires filling out complex forms and bringing a number of documents, in addition to the demand to bring a guarantor, a step he described as (illogical). He also called for the importance of preserving the confidentiality of customer information and not granting it except by a government decision.” “What is happening in the banks is giving direct information to any official or person with a government rank.”

It is noteworthy that the Iraqi citizen lost his confidence in the banking system in three stages: the period following the Gulf War in 1991, then the American invasion of the country in 2003, and finally in 2014 when the Islamic State took control of vast areas of Iraq, and the people of Mosul suffered greatly in withdrawing their money. Which had been deposited in banks before 2014, and their withdrawal now requires security approvals and permits, in addition to their return in installments to depositors.

The US administration had previously imposed sanctions on some Iraqi banks because of their financial dealings with Iran, which led to the Central Bank seizing control of them and freezing their accounts. link

Courtesy of Dinar Guru: https://www.dinarguru.com/

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saying 9 Iraqi officials arrested for extreme wealth from corruption. FRANK: Sudani is going all out...this is amazing...You're busted!

Militia Man Article: "Instead of Romanski, Biden nominates an extraordinary 'new' American ambassador to Iraq" Interesting timing of this event. The nominee [Tracy Ann Jacobson]...held a position in Turkmenistan prior to the Tajikistan mission. Article Quote: "Introducing a new currency is a complex process—one that Turkmenistan completed successfully." Turkmenistan is a model that looks to have been in the cards after she left office...I have a strong feeling she would be very aware of...the introduction to a new currency...Is there a coincidence here? I am not sure but, we sure will likely find out if it is or not very soon...What has been going on fits the complex model the Turks used...

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Get Your Money OUT Of The Banks NOW | Peter Schiff

Liberty and Finance: 1-26-2024

Compared to 2008, "banks are in much worse shape," says Peter Schiff of Euro Pacific Asset Management (https://europac.com).

The FDIC doesn't have enough funds to bail all the banks out, he points out. If the banking system collapses, either "insured" depositors will not get their funds or they will be paid back in devalued Dollars, Schiff argues. "Either you lose your deposits or your deposits lose their value."

INTERVIEW TIMELINE:

0:00 Intro

1:03 Gold & inflation

9:34 Debt crisis

16:58 Commercial real estate

22:30 Banking system

https://www.youtube.com/watch?v=sPlvr97EQQM