Currency Insider Iraqi Dinar - Dong Updates Wednesday Evening 3-13-24
Currency Insider Iraqi Dinar - Dong Updates Wednesday Evening 3-13-24
Iraqi Dinar Holders Have Green Signal Now - 2:45
Big And Massive Reinstated At $3.24 – 2:53
Currency Insider Iraqi Dinar - Dong Updates Wednesday Evening 3-13-24
Iraqi Dinar Holders Have Green Signal Now - 2:45
Big And Massive Reinstated At $3.24 – 2:53
Iraqi Dinar Holders Have Green Signal Now – 2:45
Big And Massive Reinstated At $3.24 – 2:53
More News, Rumors and Opinions Wednesday Afternoon 3-13-2024
KTFA:
Clare: A call from the Article 140 Committee in Basra: Come to El Geneina to receive your dues
3/13/2024 Al-Geneina (Basra) 964
Today, Wednesday, the Basra Office for Article 140 invited citizens benefiting from Package 1 to Package 21 to come to the office building in Al-Geneina in central Basra for the purpose of receiving the instruments for receiving their entitlements.
Dhikra Al-Taie - Director of Implementation of Article 140 in Basra, for the 964 Network :
We launched a call to beneficiary citizens to come to the Article 140 Basra office for the purpose of signing written pledges before receiving the instrument of the amount disbursed to them.
There is concern from some citizens about the annual update we conduct on people who have not received the checks, but we conduct it to ensure the rights of everyone.
KTFA:
Clare: A call from the Article 140 Committee in Basra: Come to El Geneina to receive your dues
3/13/2024 Al-Geneina (Basra) 964
Today, Wednesday, the Basra Office for Article 140 invited citizens benefiting from Package 1 to Package 21 to come to the office building in Al-Geneina in central Basra for the purpose of receiving the instruments for receiving their entitlements.
Dhikra Al-Taie - Director of Implementation of Article 140 in Basra, for the 964 Network :
We launched a call to beneficiary citizens to come to the Article 140 Basra office for the purpose of signing written pledges before receiving the instrument of the amount disbursed to them.
There is concern from some citizens about the annual update we conduct on people who have not received the checks, but we conduct it to ensure the rights of everyone.
Updating the information is important in order to ensure that the person has not died, and if he is deceased, his family members must bring a legal certificate to guarantee their full rights, or in the event of a divorce, bring a divorce document in order to guarantee the beneficiary or beneficiary.
There is great momentum in the transactions of those included in Article 140, and there are some transactions that have been promoted for 5 years. LINK
Clare: An independent representative stresses the need to legislate the oil and gas law
3/13/2024
Information/Baghdad…
Member of the Parliamentary Oil and Gas Committee, Independent Representative Nazem Al-Shibli, stressed today, Wednesday, the necessity of passing the oil and gas law.
Al-Shibli told Al-Maalouma, “The oil and gas law is the only solution to solve the outstanding problems between the federal government and the Kurdistan region, and its legislation will resolve all disputes between the two parties.”
He added, “The House of Representatives has completed all sections of the law, but the government has amendments and comments on some paragraphs of the prepared law.”
He pointed out “the difficulty of resolving the problems with the region without the oil and gas law,” noting that “11 amendments were made to the law.”
Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has remained locked away, as disagreements prevent its approval in its final form.
After 18 years ,he announced the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives, according to what MP Firas Al-Muslimaoui revealed.
The representative stressed that “there is a real will in the House of Representatives to legislate the law.
Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Paulette This is clearly what the article said... They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD...Currently the rate is 1,320 IQD to 1 USD. Looking it at the other way, this is 0.0007575 USD to 1 IQD. If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD. If they drop 2 zeros: 13.2 IQD to 1 USD or 0.07575 USD to 1 IQD. If they drop 3 zeros: 1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD. What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less. If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD. We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD. Realize, they post how many IQD it takes to purchase 1 of another currency.
Frank26 We were looking for 1,200 or 1,000 [to 1 USD] but I don't think we're going to see it...We haven't seen a single pip movement ...It's possible they may be looking at $1.10, $1.20 or $1.30...Let's see where they enter the basket. I'd love for them enter at 1320 because that means we're ready. I don't think there's any more preparation is required...I believe they have the potential to cap it at about $4.25 [in the float].
IMPORTANT UPDATES! The U.S. Dollar Threat Is Growing RAPIDLY... Expect MORE PEOPLE TO D!E.
Greg Mannarino: 3-13-2024
Iraqi Dinar Today Video Updates Wednesday Afternoon 3-13-24
Iraqi Dinar Today Video Updates Wednesday Afternoon 3-13-24
Great News CBI Huge Announcement About Dinar Revaluation- - 4:27
See the Big News Revaluation News Last 24 Hours – 3:43
Chase Bank Confirm RV IQD New Exchange Rate – 3:23
Iraqi Dinar Today Video Updates Wednesday Afternoon 3-13-24
Great News CBI Huge Announcement About Dinar Revaluation- - 4:27
See the Big News Revaluation News Last 24 Hours – 3:43
Chase Bank Confirm RV IQD New Exchange Rate – 3:23
Great News CBI Huge Announcement About Dinar Revaluation- - 4:27
See the Big News Revaluation News Last 24 Hours – 3:43
Chase Bank Confirm RV IQD New Exchange Rate – 3:23
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24
Transcribed By WiserNow Emailed To Recaps
Welcome, everybody to the big call tonight - It's Tuesday, March 12th and you’re listening to the big call - Thanks for tuning in wherever you are listening from, you could be all over this beautiful globe of ours. And like I said last time, I think we've been averaging between 14 and 16 million listeners on the big call globally. That's our international group. That doesn't include our United States crowd. That's getting it differently than we're sending it out, globally. But thanks for listening, everybody. Let's do this.
Let's do this you guys. Let's get into sort of the Intel portion of the call tonight.
We had information over the last several days and specifically yesterday – let’s start with the Admiral – Admiral Bob of the Admiral’s group that was told by the Treasury he had the green line at noon yesterday to get the notifications to the admirals groups members last night into today.
And then we had word that we from the same source in tier 4B - the Internet group would get notified today and start tomorrow. Well, there was a hiccup in the system we found out this afternoon.
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24
Transcribed By WiserNow Emailed To Recaps
Welcome, everybody to the big call tonight - It's Tuesday, March 12th and you’re listening to the big call - Thanks for tuning in wherever you are listening from, you could be all over this beautiful globe of ours. And like I said last time, I think we've been averaging between 14 and 16 million listeners on the big call globally. That's our international group. That doesn't include our United States crowd. That's getting it differently than we're sending it out, globally. But thanks for listening, everybody. Let's do this.
Let's do this you guys. Let's get into sort of the Intel portion of the call tonight.
We had information over the last several days and specifically yesterday – let’s start with the Admiral – Admiral Bob of the Admiral’s group that was told by the Treasury he had the green line at noon yesterday to get the notifications to the admirals groups members last night into today.
And then we had word that we from the same source in tier 4B - the Internet group would get notified today and start tomorrow. Well, there was a hiccup in the system we found out this afternoon.
There was some cleanup that needed to be done. And it appears that it was a as a result that the Federal Reserve which has been absorbed into the treasury along with the IRS was absorbed in the treasury, - There was a situation where IRS was trying to find a way to tax the admirals groups and the intermediaries, who are the introducers of the bonds from the bond seller to the buyer. They are called - kinda like a facilitator, , that they call them intermediaries.
So they were trying to get in the middle of that and that needed to be shut down, which it was. Don't worry about the tax thing. It's not going to happen. So don't worry about that.
This is really good news. But it took the paperwork getting completed by the Treasury that this was no longer a concern and fed is dead. Basically there is no federal reserve - the function of the Federal Reserve you know was to make loans to the banks so that they could get money get currency to operate with.
Well, that stopped Monday. That was yesterday. Wasn’t it - Yesterday there were no more loans to be made to the banks. And that was because the USD is basically phased out all around the globe, and including with our Federal Reserve. So the good news is – we’ll get back to our timeline - The good news is we got stopped out by maybe a half a day to a day
And we're expecting -- this information came from another source later this afternoon - That said we expect to receive our notifications from 8pm Tonight, Eastern Time. So that's Eastern Daylight Time and it's a little after 10 o'clock now. So anytime from now, let's say to noon tomorrow - we should be notified according to one of our sources - should receive our notifications, which will be the emails from Wells Fargo servers out of Atlanta.
That will tell us that we have our numbers and give us our toll free numbers to set our appointment and then the additional good news is add further to that. A second transmission from this source said that we should be exchanging still tomorrow.
So let's say we get our notifications in the morning tomorrow or overnight tonight, or some combination and we get those and we set appointments. We should be able to exchange tomorrow afternoon, evening. Okay?
And we're not stretched out necessarily at this point beyond tomorrow. So that's really good news that took care of this problem. – That took care of the issue that was with the Federal Reserve and IRS
And So beyond that – that timing and that timeline I wanted to say something about Trusts.
There are people that selling trusts are trying to get certain people with amount of Zim to buy a trust and all that good stuff. Be very careful about that. Before you do that. I want to say this though.
The people I'm gonna say this is Treasury This is the Wells Fargo banks. They want us to have a trust within 10 days of the exchange. Many of us already have a master trust that we're going to use for our primary Wells account for the exchange. And some of us have LLC that we set up for a project like I've done but they just would like you to have a trust within 10 days after you exchange.
So get with if you have an attorney, a trust attorney that can do that or if you don't you get with Wells Fargo their wealth managers, I think they call them premier bankers, Premier bankers and just get they should be able to do the Trust for you or turn you to somebody in the wealth management division of Wells that will be able to create a trust or several for you.
There are companies that are still out of Wyoming - that does multiple trusts and they have a package of those trusts. That's a possibility. You know, you can do whatever you need to do but I think the main reason is so that when you walk out of the redemption center, and you’re a millionaire to quite brillionaire - You're coming out of there –
Basically, you need the asset protection that the trust will afford you - you need to get started with your asset protection with trust and have that all set up with you. Make sure you have good trustees that you can work with yourself being one and you want spouse whatever your deal is, being a trustee that just work with the attorneys to create that trust. Soon after you exchange.
That way you'll have some asset protection – none of us in this game should have or will other than a living will. That's for medical reasons. but a will you know you have no protection, your whole financial history everything that you've got is seen by everyone.
It’s a public type thing and there's no reason to have probate when it comes to your things. If anything should happen to you. You want to make sure that you have your assets lined up with that asset protection so that it remains private and remains just between you and your heirs. That's it.
So be -- I haven't really talked to anything about this yet. But it is important I think to get that and maybe Wells is the place to start unless you have a trust attorney. I'm fortunate to have a trust attorney. I've already done that work. But you know, that's really what we want to do.
Okay, other things that are happening around the globe as of Monday, which was yesterday and think of it as Sunday and Sunday night - is our time -- in China there's no more fiat currency being used we are primarily talking USD - our Fiat dollar, no more fiat currency, no more fiat currency in Vietnam.
No more fiat currency used in North and South Korea, also in the Middle East, with Iraq with Iran, with Libya, Syria, and a number of other Middle Eastern countries. They've all gone to their own asset backed currencies or gold back and in the situation of the BRICS, and in situation of of Iraq and Iran.
The Iraqi Dinar and Iranian rial are gold backed and so you know, we're a little late to the game because we've allowed some of our banks to hold this up to push this back. and we're just I don't know why but we had about 21 We have about 23 banks, that I think that is plus all of their branches that needed to close their doors yesterday because they're incapable of getting loans from the Federal Reserve it's dead. It's gone. The Fed is dead.
So I think that's a good thing for us. And we with our exchanges, because remember the banks that work with us like Wells Fargo, they picked up 0.025 - .025% of our exchanges, they pick up that - it doesn't come out of our side of exchange don't worry about that. And the person that exchanges you picks up .025% So it turns into real money after a while especially when you're redeeming zim.
Alright, so suffice to say that we with our exchanges, are rehydrating the banks with USN - okay, and getting their balance sheets back up. That's why they can't wait to exchange currencies and take the zim in as a redeemed asset.
And that's really very important that we're actually helping the banking system to get rehydrated and get their balance sheets like they should be.
Otherwise, I'm actually very, I think, I think the admirals groups and us in tier 4B or the internet groups are looking to be notified probably at about the same time. It's possible that the admiral groups go first. And maybe they get notified overnight tonight. That's just a theory I have - late tonight. or overnight, and maybe we'll pick it up in the morning. but you know, if the one source is correct, we should get this by noon tomorrow. so let's see what happens with that -
If that is the case. We probably will not have any more calls. This will be our last call. So let's hope that's the case. I think I am as ready as you guys are to make this see that happen
And we'll have more to say about that later. But that's the way that we'll be able to communicate with you when we stop doing calls which should be tonight doing these calls on the airways that we're doing
So that's what I wanted to bring to you guys tonight. I'm excited about everything happening and going down now. So let's pray the call out and see what happens between now and noon tomorrow. Eastern Daylight Time
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24 REPLAY LINK Intel Begins 1:01:30
Bruce’s Big Call Dinar Intel Thursday Night 3-7-24 REPLAY LINK Intel Begins 57:00
Bruce’s Big Call Dinar Intel Tuesday Night 3-5-24 REPLAY LINK Intel Begins 1:04:40
Bruce’s Big Call Dinar Intel Thursday Night 2-29-24 REPLAY LINK Intel Begins 1:07:37
Bruce’s Big Call Dinar Intel Tuesday Night 2-27-24 REPLAY LINK Intel Begins 1:21:31
Bruce’s Big Call Dinar Intel Thursday Night 2-22-24 REPLAY LINK Intel Begins 1:05:45
Bruce’s Big Call Dinar Intel Tuesday Night 2-20-24 REPLAY LINK Intel Begins 1:02:30
Bruce’s Big Call Dinar Intel Thursday Night 2-15-24 REPLAY LINK Intel Begins 1:29:29
Bruce’s Big Call Dinar Intel Tuesday Night 2-13-24 REPLAY LINK Intel Begins 1:05:25
Bruce’s Big Call Dinar Intel Thursday Night 2-8-24 REPLAY LINK Intel Begins 1:10:00
Bruce’s Big Call Dinar Intel Tuesday Night 2-6-24 REPLAY LINK Intel Begins 1:03:30
Economist's "News and Views" Wednesday 3-13-2024
BRICS against the US: How China Alliance formed
Fastepo: 3-14-2024
China and its allies have formed one of the most notable alliances in the last decade, marking a significant shift from their relationship 50 years ago, which was characterized by tensions rather than cooperation.
The relationship has undergone significant transformation, particularly in the context of strained ties with traditional Western powers like the United States and the European Union. This alliance, underscored by shared interests and mutual support, is reshaping the geopolitical landscape of the 21st century.
The alliance between these two nations has recently strengthened, particularly through their collaboration within the BRICS group.
In this video, we delve into how this partnership is transforming the global order, focusing especially on the role of BRICS in these dynamics.
BRICS against the US: How China Alliance formed
Fastepo: 3-14-2024
China and its allies have formed one of the most notable alliances in the last decade, marking a significant shift from their relationship 50 years ago, which was characterized by tensions rather than cooperation.
The relationship has undergone significant transformation, particularly in the context of strained ties with traditional Western powers like the United States and the European Union. This alliance, underscored by shared interests and mutual support, is reshaping the geopolitical landscape of the 21st century.
The alliance between these two nations has recently strengthened, particularly through their collaboration within the BRICS group.
In this video, we delve into how this partnership is transforming the global order, focusing especially on the role of BRICS in these dynamics.
Will Gas Become Unaffordable By Year-End? | Paul Sankey
David Lin: 2-12-2024
Paul Sankey, President of Sankey Research, gives his outlook for the oil price in 2024 and the drivers behind the energy market today.
0:00 - Intro
1:15 - Energy market overview
5:14 - AI and energy
11:20 - Geopolitics and oil
24:35 - Oil and inflation
26:13 - Oil and corporate earnings
29:30 - Russian ban on gas
30:44 - Exxon vs. Chevron
36:20 - Sankey Research
Credit Crisis Worsens As 75 Million People Stop Paying!
Atlantis Report: 3-13-2024
The U.S. economy is facing a severe credit crisis, as 75 million people have stopped paying their debts, according to a recent report by the Consumer Financial Protection Bureau.
The report reveals that millions of Americans are struggling to repay their loans, mortgages, credit cards, student loans, and other debts due to the combined effects of the pandemic, the recession, the inflation, and the reserve ratio.
This widespread non-payment of loans, credit card balances, and other financial obligations has sent shockwaves through the banking sector, raising concerns about the solvency of lending institutions and the potential for a cascading effect on the global economy.
Coffee with MarkZ and Andy Schectman. 03/13/2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ 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
Coffee with MarkZ and Andy Schectman. 03/13/2024
Member: Good morning Mark Mods and everyone
Member: I know we all could, but I could really use some positive news and vibes today
Member: I think we will be there before months end don’t you Mark?
Member: What event do you expect to see just before the RV?
MZ: The market crash is looking closer and closer. More and more economists are saying it is likely ….and maybe sudden peace coming from Ukraine?
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ 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
Coffee with MarkZ and Andy Schectman. 03/13/2024
Member: Good morning Mark Mods and everyone
Member: I know we all could, but I could really use some positive news and vibes today
Member: I think we will be there before months end don’t you Mark?
Member: What event do you expect to see just before the RV?
MZ: The market crash is looking closer and closer. More and more economists are saying it is likely ….and maybe sudden peace coming from Ukraine?
MZ: A bank crash would force the reset. Jaime Diamond recently said the Iraqi dinar is going to save the worldwide financial system. So will we see the crash and then bam…they pull the trigger???
Member: A key inflation indicator report is due out today I believe..
Member: There is currently a bond crisis brewing.
MZ: Yes there is ….and years ago one of the key players in the RV told us to keep our eyes on the bond market and when it finally gasps its last breath…..that is when we go. It is ceretainly troubled enough to gasp its last breath.
MZ: I do have a historic bond contact with an appointment just before this podcast started. Hopefully I will get an update. The meeting is occurring right now.
Member: My son’s birthday is the 23rd. I told him I was trying to get him the RV for his “big” present.
MZ: I think that is well within sight.
MZ: Nader did a video talking with Saleh on banks and IQD. And talking about projects and the World bank. Moving forward with mega projects in Iraq….which is big. Be sure to listen and support his videos.
MZ: In Business Insider today: “ Looking for the biggest stock market crash since 1929” according to Mark Spitzingal –a world class economist. He is looking for a “Black Swan” and its in full swing and already occurring.
MZ: Peter Schiff is also looking for that “Black Swan event” .
MZ: “Global Banks participate in large scale blockchain pilot test” Blockchain is a ledger system with a better way to track it that’s not open to fraud. 155 participants from 45 major organizations. This is showing we no longer need the central banking system to move money. This terrifies the powers that be in the Rothschild banking system/Swift system.
Member: BANK STORY! I went to credit union yesterday. They are Basel III ready and gave me card of wealth manager and knew all about currency!!
Member: Chase Bank says they are ready to go when RV happens, according to bank stories with people taking about going to the bank and speaking to JP Morgan reps or wealth mgrs.
Member: I've been hearing from an accountant who's big into XRP that gold will be backing the entire QFS and therefore the price of gold will go down to a pegged amount.
Member: Is there a list of things to do And not to do at the redemption /exchange appointment?
Member: On Recaps in the post RV section are a few exchange lists of things we can do.
Member: Anticipation fatigue is real…..and exhausting
Member: If the RV was going to be easy , everyone would be able to do it . Be patient, and know what you hold .
Mod: PRAYERS UP FOR ALL WHO ARE IN NEED OF PRAYERS IN OUR FAMILY AND ALL AROUND THE WORLD
Andy Schectman from Miles Franklin joins the stream today. Listen to the replay for his opinions and information.
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!
PLEASE JOIN ZESTER’S CRAZY CRYPTO PODCAST AT 5:00 PM EST. ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
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" Wednesday Morning 3-13-2024
TNT:
Tishwash: Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars
The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars.
Al-Haims said in a televised interview followed by Mawazine News, “Dialogues with the American side in order to lift restrictions on Iraqi expenses began a month ago on a regular and intensive basis.”
He added, "The dialogues with the American side regarding lifting restrictions on Iraqi banks will reach their peak when Prime Minister Muhammad Shiaa Al-Sudani visits Washington to revive confidence in the Iraqi banking sector." link
TNT:
Tishwash: Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars
The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars.
Al-Haims said in a televised interview followed by Mawazine News, “Dialogues with the American side in order to lift restrictions on Iraqi expenses began a month ago on a regular and intensive basis.”
He added, "The dialogues with the American side regarding lifting restrictions on Iraqi banks will reach their peak when Prime Minister Muhammad Shiaa Al-Sudani visits Washington to revive confidence in the Iraqi banking sector." link
Tishwash: A parliamentary committee hosts the Minister of Finance to discuss a number of files
The Parliamentary Finance Committee hosted, today, Wednesday, the Minister of Finance, Taif Sami, at the committee’s headquarters in the Iraqi Parliament.
A statement received by the committee said, “The committee held a meeting with the Minister of Finance, in order to discuss a number of topics, including the issue of automation.”
He added, “The meeting was chaired by the Chairman of the Committee, Atwan Al-Atwani, and discussed the procedures for implementing the tax and customs automation system, and a number of important files.” link
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CandyKisses: Advisor to the Association of Banks: The Central Bank is following a firm approach to achieve banking reform
Economy News _ Baghdad
The advisor to the Association of Iraqi Private Banks, Samir Al-Nasiri, said today, Wednesday, that the Central Bank is moving with a consistent approach to implement its banking reform strategy with the cooperation and support of the Prime Minister and the government, as the management of the Central Bank of Iraq plans to gradually cancel the window of selling foreign currency during 2024, leading to its complete departure by the end of the year, and maintaining it for audit and statistical purposes, in an effort to enable Iraqi banks to establish and establish solid banking relations with the global and regional banking sector in order to achieve the sobriety of the sector. Iraqi banker and full compliance with international banking standards and requirements.
Al-Nasiri stressed in an interview with "Economy News" that Iraqi banks and banks are "prepared and able" to access and deal with foreign correspondent banks through which remittances arrive, by opening inter-bank accounts between the two parties.
Al-Nasiri praised the Central Bank's procedures and financial plans for this year, in order to regulate banking systems and secure external transfer methods in line with international banking standards.
He said that the strategy of the Central Bank of Iraq for this year is to gradually cancel the electronic platform in line with its procedures and negotiations with the US Federal Reserve and international banks to regulate foreign trade financing. These measures oblige Iraqi banks to open bank accounts in international correspondent banks after they have provided all the requirements required of them by these banks. Al-Nasiri pointed out that the number of Iraqi banks that have accounts, understandings and dealings with these banks amounted to 25 banks that opened more than 40 accounts with correspondent banks, and is expected during the next two months to join other banks to increase the number to what was planned by the management of the Central Bank.
The advisor to the Iraqi Private Banks Association concluded his speech by saying that the regulatory and reform steps that he is working on this year is to control the exchange rate of the cash dollar in the parallel market and return it to the equilibrium price in the cash circulation market.
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Tishwash: An independent representative stresses the need to legislate the oil and gas law
Member of the Parliamentary Oil and Gas Committee, Independent Representative Nazem Al-Shibli, stressed today, Wednesday, the necessity of passing the oil and gas law.
Al-Shibli told Al-Maalouma, “The oil and gas law is the only solution to solve the outstanding problems between the federal government and the Kurdistan region, and its legislation will resolve all disputes between the two parties.”
He added, "The House of Representatives has completed all sections of the law, but the government has amendments and comments on some paragraphs of the prepared law."
He pointed out "the difficulty of resolving the problems with the region without the oil and gas law," noting that "11 amendments were made to the law."
Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has remained locked away, as disagreements prevent its approval in its final form. After 18 years , he announced the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives, according to what MP Firas Al-Muslimaoui revealed.
The representative stressed that “there is a real will in the House of Representatives to legislate the law.
Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.” link
Mot: .. Am curious What ""Tips"" He Might Give!!!
Mot: Why!! - I Ask Why!!! - does this Reminder keep popping up!! – siigghhh
News, Rumors and Opinions Wedneaday AM 3-13-2024
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 from the Restored Republic via a GCR: Update as of Tues. 12 March 2024
Compiled Tues. 12 March 2024 12:01 am EST by Judy Byington
US Banks No Longer Allowed to Make Loans on Fiat US Dollar
Chinese Real Estate Market Bankrupt
IS THE #FED (PERHAPS WILLINGLY) STARTING A BANKING CRISIS TODAY?, Ultra Vertum Vincent on Telegram Mon. 11 March
On Mon. 11 March the “Bank Term Funding Program,” the infamous #BTFP, will be history. There should not have been any surprise about this if it weren’t for the fact that the banking situation today is much worse than it was one year ago when the #BTFP was launched.
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. 12 March 2024
Compiled Tues. 12 March 2024 12:01 am EST by Judy Byington
US Banks No Longer Allowed to Make Loans on Fiat US Dollar
Chinese Real Estate Market Bankrupt
IS THE #FED (PERHAPS WILLINGLY) STARTING A BANKING CRISIS TODAY?, Ultra Vertum Vincent on Telegram Mon. 11 March
On Mon. 11 March the “Bank Term Funding Program,” the infamous #BTFP, will be history. There should not have been any surprise about this if it weren’t for the fact that the banking situation today is much worse than it was one year ago when the #BTFP was launched.
If you have doubts about how critical the #BTFP was to keep the whole financial system together, I suggest you read my previous analysis on the topic to help better understand what I am going to discuss next, starting from the “THE BIG BANKS ARE ALREADY UTILIZING THE FED BTFP!”
So, not only is the #FED letting the #BTFP end soon, but this is also happening without an equivalent replacement in place.
Yes, the Discount Window is available and banks should learn to use it, but what the #FED is apparently not understanding (or pretending not to) is that most of the banks cannot use it. Why?
The high-quality collateral current market value is deeply below par (while, let’s not forget, the #BTFP allowed banks to borrow against collateral pretending it was worth much more than it truly was). As a result, they would not be able to access the same amount of liquidity through the Discount Window compared to the #BTFP, leaving a gap to be filled.
Banks, in a never-ending rush to minimize their cost of capital and maximize their leverage and profits, began to aggressively re-hypothecate their (and often their clients’) assets to access liquidity after the GFC. Consequently, using the Discount Window is very capital inefficient for them.
The primordial reason why banks are so reluctant to use the #FED discount window is that everyone else in the market will know the best quality assets they hold are being pledged as collateral to the #FED, leaving all other creditors hanging on worse quality, if not radioactive ones. This is why once a bank is caught using the Discount Window, all other lenders will try to pull their liquidity from them (ultimately accelerating its downfall).
Banks will not be able to use the #BTFP anymore.
The Discount Window isn’t a viable alternative to replace the #BTFP.
Since the banking crisis last year, not a single bank raised capital, but their balance sheet losses even increased.
Banks that borrowed from the #BTFP will need to come up with $79bn to repay the #FED loans by the 4th of April.
As you can see from this table I prepared, the biggest amount of #BTFP loans are expected to be repaid in the next 4 weeks: – $11.9bn this week – $41.7bn next week – $10.7bn in 3 weeks – $14.6bn in 4 weeks.
How the hell can they do that? If it was hard to find $1bn for $NYCB to the point there wasn’t a better alternative than (locust) hedge funds, it doesn’t take a financial wizard to figure out the chances $79bn can be found in 4 weeks are realistically low.
Why can’t banks just walk away from the #BTFP? Doesn’t the #FED have collateral against the money they borrowed if they do so?
Banks cannot simply walk away and not repay money borrowed from the #BTFP because that was made in the form of a “loan” and defaulting against it will trigger all cross-default clauses in every other borrowing facility available to them.
Yes, it’s an incredible mess without any visible escape route. This is why I am arguing the #FED is potentially starting a banking crisis today and, honestly speaking, I don’t think people at the #FED aren’t intelligent enough to see it coming which makes me wonder if perhaps they are willingly starting a banking crisis this time. https://x.com/dariocpx/status/1766984960639172993?s=46
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Mon. 11 March The Death of Brick & Mortar Banks, Ariel: https://x.com/prolotario1/status/1766985129681944917?s=46
A paradigm shift is not an event its a process. Everything will eventually be online for the sake of convenience and profit. Why continue lending to institutions that people are using less and less?
Nor to mention they do not have the capital to meet consumers demands. Especially when they actually have to have physical reserves and not just numbers on the computer to lend out loans to customers that can’t afford the interest and end up owing on their mortgage.
Then if the banks have too many foreclosures on their books they end up shutting down as well. The derivative market is another layer to this that is aiding in all of these bank closures that is forecasted to be 1,300 by the end of the year.
Not to mention the bank runs alone will cause most of these institutions to fold under after March 11th. So there is a plethora of reasons why we are where we are at this crucial time in the financial sector.
Read full post here: https://dinarchronicles.com/2024/03/12/restored-republic-via-a-gcr-update-as-of-march-12-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. ...we know that what has been accomplished in the de-dollarization process is hard to undo at that point...So, there is no turning back and they must move ahead.
Frank26 [Three corners of Arkansas, Oklahoma, Missouri Chase Bank Story] I just walked in. I didn't at first tell them what was going on...I started saying I'm coming into some money, I made a couple investments that look like they're going to pay off. He flat out asked, is this the dinar?...Yes...He stood up at that point and was like, I'll be right back. He
goes and gets the JP Morgan guy. FRANK: You are blessed. Not everyone is going to the banks with the JP Morgan reps. If you got one of those there they'll talk to you. If not, they'll still treat you like an idiot.
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Salah talking banks Iqd
Nader: 2-13-2024
Iraqi Dinar Video Updates Tuesday Evening 3-12-24
Iraqi Dinar Video Updates Tuesday Evening 3-12-24
Iraqi Dinar Latest Exchange Rate Today 2024 – 2:34
CBI Announced About IQD Rate Today 2024 – 2:58
WOW Congratulations This is Good News For IQD Holder's – 5:05
Iraqi Dinar Video Updates Tuesday Evening 3-12-24
Iraqi Dinar Latest Exchange Rate Today 2024 – 2:34
CBI Announced About IQD Rate Today 2024 – 2:58
WOW Congratulations This is Good News For IQD Holder's – 5:05
Iraqi Dinar Latest Exchange Rate Today 2024 – 2:34
CBI Announced About IQD Rate Today 2024 – 2:58
WOW Congratulations This is Good News For IQD Holder's – 5:05
Currency Insider Iraqi Dinar - Dong Updates Tuesday Evening 3-12-24
Currency Insider Iraqi Dinar - Dong Updates Tuesday Evening 3-12-24
Iraqi Dinar Final Round Has Been Started – 3:07
Iraqi Dinar Going Stronger - 2:48
Currency Insider Iraqi Dinar - Dong Updates Tuesday Evening 3-12-24
Iraqi Dinar Final Round Has Been Started – 3:07
Iraqi Dinar Going Stronger - 2:48
Iraqi Dinar Final Round Has Been Started – 3:07
Iraqi Dinar Going Stronger – 2:48
Economist's "News and Views" Tuesday 3-12-2024
Andy Schectman: Banks Increase Gold, Silver Shorts Over Recent Rally
Arcadia Economics: 3-12-2024
While gold and silver prices have rallied over the past week and a half, and have left some investors wondering if we're in the beginning of a break-out, the latest COT report shows that the banks were once again shorting the metals as the price rose.
Which would typically suggest that a correction might be in our future. We've seen a little bit of that today following this morning's slightly higher than expected CPI report.
And Andy Schectman of Miles Franklin checks in to share what he's seeing, and whether the rally is likely to continue.
Andy Schectman: Banks Increase Gold, Silver Shorts Over Recent Rally
Arcadia Economics: 3-12-2024
While gold and silver prices have rallied over the past week and a half, and have left some investors wondering if we're in the beginning of a break-out, the latest COT report shows that the banks were once again shorting the metals as the price rose.
Which would typically suggest that a correction might be in our future. We've seen a little bit of that today following this morning's slightly higher than expected CPI report.
And Andy Schectman of Miles Franklin checks in to share what he's seeing, and whether the rally is likely to continue.
THE DOLLAR/CURRENCIES ARE BEING DESTROYED FASTER! AND THE WORLD ECONOMY.
Greg Mannarino: 3-12-2024
Bitcoin is Compromised and Lost Its Way; Gold and Silver are the Only Sound Money – Ted Butler
Daniela Cambone: 3-12-2024
Join Daniela Cambone at PDAC for a riveting discussion with Ted Butler of The Morgan Report. Butler contends that Blackrock's Bitcoin ETFs compromise the essence of Bitcoin, citing its fixed supply versus the derivative nature of ETFs.
He emphasizes the enduring value of gold and silver as sound money, contrasting them with Bitcoin's speculative nature.
Butler also warns of China's economic woes and their potential impact on the U.S. economy. Tune in for insightful analysis and valuable perspectives on finance and global economics.
CHAPTERS:
00:00 Ted’s background
2:10 What drew Ted to gold/silver?
3:14 Bitcoin is compromised
4:09 Bitcoin investment
4:31 Gold/silver
5:32 BRICS/China
6:42 PDAC takeaway
7:22 CBDCs