News, Rumors and Opinions Wednesday AM 3-6-2024

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.

Restored Republic via a GCR: Update as of Wed. 6 March 2024

Compiled Wed. 6 March 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 4 March Frank26: “The IQD is going through a phase where it’s being traded internationally on the Forex private side, live. In Jan it was trading at $2.60, last month $2.63 or so, Sunday $2.70, this morning $2.79 and 2pm today $2.84 and just before he got on it was at $2.87. This is a trend that’s going through the reinstatement phase to get to $3.22 (for an expected International Rate).”

Tues. 5 March MarkZ: “I have a lot of sources expecting it to break loose in the next days. I would not be surprised to see it before we reach the weekend. …Official rate still stays at 1310. Doesn’t matter what the Forex says if you can’t go to a free float. …Bond folks are still expecting to soon receive 1% of their money. Last time I checked early this morning the Dinar was about $2.80. You cannot exchange at that yet but it does show things are changing and something is cooking.”

Tues. 5 March Wolverine: “It’s coming. It’s green all over.”

Tues. 5 March “All banks are transitioning over into the QFS. Eight billion people will inevitably transition to the QFS. Start getting hold of the ISO 20023 XLM and XRP. In an age of unparalleled technological advancements, we stand at the precipice of a revolution so profound, it’s poised to reshape our financial, military, and electoral systems. The dawn of the Quantum Financial System (QFS) is upon us, and a new world order awaits. Our world, home to a staggering 8 billion souls, finds itself at the crossroads of a digital renaissance. This isn’t just any change; it’s a quantum shift. And guess what? Every single person will be a part of it. …David Lester Straight,  https://www.facebook.com/david.lester.straight.18059

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Tues. 5 March Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#:

In a mini sting operation last Wed. bankers were told no early exchanges  – some banks jumped the line and some of the banks that needed to be cleaned up were taken care of  – so now where do we stand now as to our start.

We got an email about 3pm today Tues. 5 March saying we were within 24 hours of being notified and getting our notifications and setting our appointment. We had this confirmed from two different RC’s.

We know the Iraqi Dinar has been trading up on the screen and they are still blinking and moving upwards, but not stable – so what are we waiting on  – I think they just want the currencies to hit the values they want to start and we  will be rewarded for our patience and especially if you use the RC and we should if this holds true we’ll get our notifications tomorrow Wed. 6 March.

When it comes to R&R allowances that is supposed to kick in when the USTN is released between 14  -16 March.

They are able to set those appointments 20 – 25 days into the future.

WF is the Lead bank and HSBC are handling everything globally and Chase are going to have 15 banks in Iraq by the end of this week. Banco Santandar will be the bank in South America.  

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Global Financial Crisis:

Tues. 5 March: $715,000,000 liquidated from the Crypto Currency market in the past 24 hours. https://www.theblock.co/post/266265/nearly-100-million-in-bitcoin-shorts-liquidated-on-centralized-exchanges-in-24-hours 

Tues. 5 March: Congress debates spending bill to avoid government shutdown this Fri. 8 March: https://justthenews.com/government/congress/congress-debates-spending-bill-avoid-government-shutdown-same-week-bid

JFK issued currency that bypassed the privately owned Federal Reserve — and he paid for it with his life.

Bank of America: $1 trillion every 100 Days added to the Nation’s Debt: https://www.forbes.com/sites/digital-assets/2024/03/02/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/

Read full post here:  https://dinarchronicles.com/2024/03/06/restored-republic-via-a-gcr-update-as-of-march-6-2024/

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

Mnt Goat  Article quote:  "Does deleting the currency’s zeros affect its value?...”   I called my CBI contact...and I was told to expect the Project to delete the Zeros to occur very soon. WOW! WOW! WOW!  Then...out pops this article, then another and...yet another all dealing with the Project to Delete the Zeros- coincidental? WOW! WOW! WOW! I don’t think so...It is now on the radar scope for the CBI for the very near future?  [Post 1 of 2....stay tuned]

Mnt Goat   remember...the difference between RATE and VALUE...the value is in the dinar already but not reflected yet in the rate. There is no need to increase the value if the TRUE value is being suppressed by the 3 zero rate...Economic expert, Durgham Muhammad, said to the citizens and I quote – “that deleting the currency’s zeros does not conflict with its value”...Okay, so...we all know the rate is being artificially suppressed ...Once the 3 zeros are dropped, (not lopped) the only thing that will change by the Project to Delete the Zeros, is the realization of the TRUE value through its currency. [post 2 of 2] 

BREAKING: BRICS New BLOCKCHAIN & Digital System Will Revolutionize the World

Lena Petrova:  3-6-2024

https://www.youtube.com/watch?v=C3N77IQojX8

MilitiaMan: Iraqi Dinar - IQD Dinar Update - Internal Factors - Central Bank - Communication - Fed Reserve Bank

Iraqi Dinar - IQD Dinar Update - Internal Factors - Central Bank - Communication - Fed Reserve Bank

MilitiaMan and Crew:  3-6-2024

The Crew:  Samson, PompeyPeter, Petra, Angel1,  Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=J_nObQNJW1o

Iraqi Dinar Video Updates Tuesday Evening 3-5-24

Iraqi Dinar Video Updates Tuesday Evening 3-5-24

Chase Bank, Wells Fargo & US Bank Reserve Green Lights – 2:54

Central Bank Of Iraq Big Announce About IQD – 2:45

This Is Massive Revaluation Update Today – 3:22

Chase Bank, Wells Fargo & US Bank Reserve Green Lights – 2:54

https://www.youtube.com/watch?v=qnlw2DX5BBA

Central Bank Of Iraq Big Announce About IQD – 2:45

https://www.youtube.com/watch?v=jHjdTS0e1j4

This Is Massive Revaluation Update Today – 3:22

https://www.youtube.com/watch?v=4WqVLukb9WM

More News, Rumors and Opinions Tuesday PM 3-5-2024

TNT:

CandyKisses:  Joint with Iraq. Iran looks to create trade zone for access to the Mediterranean Sea

Haidar Hisham

The Secretary of the Supreme Council of Iran's Supreme Council of Commercial, Industrial and Special Economic Free Zones revealed that he negotiated with 21 countries to establish a joint free zone and reach a conclusion with five countries, including Syria and Iraq.

According to the official IRNA news agency, Hojatullah Abdul Maliki confirmed that Iran seeks to establish a joint free zone with other countries, but also seeks to establish a tripartite joint free zone by negotiating with Iraq and Syria.

He stressed: Through the establishment of a tripartite free zone between Iran, Syria and Iraq, we will witness a great investment leap as we follow this issue.

Abdul Malki pointed out that Iran is currently negotiating with 21 countries to establish a joint free zone, saying: "We have so far reached the stage of signing a document with five countries, which is either in the form of a memorandum of understanding or including the text of the approvals of the Joint Commission."

He added: "We have spoken with Iraq and Syria for the establishment of a joint free zone, and the negotiating parties have expressed their agreement in this regard, and we are waiting for a tripartite meeting.

The secretary of the Supreme Council of Iran's Supreme Council of Trade, Industrial Free and Special Economic Zones added: "The area being considered for this purpose is one of the last parts that got rid of ISIS, but now security has been established and transit is taking place smoothly.

The establishment of a common free zone would benefit the three countries and make Iran's access to the Mediterranean very easy.

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CandyKissses:  Economists urge expanded partnership with Europe

Economy News _ Baghdad

Specialists in economic and financial affairs called for expanding the country's openness to investments with the European side, especially after the exit of European companies from long-term Russian agreements, indicating that the Prime Minister's recent visit to the Netherlands represents a gateway to this openness.

Economist Dr. Mustafa Hantoush said in an interview with "Al-Sabah" followed by "Economy News", that there is a real opportunity for Iraq to partner with Europe, especially since the latter had long partnerships with Russia and Ukraine in the field of energy.

He pointed out that Europe is currently isolated due to recent events, noting that it is possible to exploit this partnership as an oil country and cooperate with European companies, especially as they are looking for countries to market their products, including animal products and seeds.

Hantoush pointed out that most countries in Europe are looking for partnerships to market their products, especially with oil countries, and Iraq is one of those countries, as it has huge oil wealth, and the country needs their expertise in the field of livestock and seeds.

For his part, economist Safwan Qusai said that the recent visit of Prime Minister Mohammed Shia al-Sudani to the Netherlands is key to convincing the European investor to partner with Iraq.

 He added that the country needs investments from the European side and the exploitation of the Dutch port of Rotten-Dan, which is the largest port in Western Europe and is the gateway to the production of Germany, Britain, Paris and Belgium, and that about 500 million tons of goods are entered through this port annually.

He pointed out that linking the port of Faw with the port of Rotten Down through Turkey, which is a strategic partner for the transport of goods, goods and people, and that the Netherlands for Iraq will be the communication station, and that the European Union has begun looking for the import of alternative goods for gas and oil.

He pointed out that the presence of the Sudanese in the Netherlands is the key to convince the European investor to partner through the giant British insurance companies, pointing to the possibility of transferring part of the German and Italian production lines into Iraq as we have the production capacity.

For his part, Imad al-Fatlawi, who is interested in economic affairs, said that the state's recent directions to develop a roadmap to activate cooperation with the European side represent an important step on the road to economic integration, pointing out that there are intensive efforts to solve problems and challenges in this aspect, especially in the field of construction, industry and even in the aspect of agriculture and livestock.

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

Militia Man  They're going to have a very strong country...Iraq's foreign reserves are huge, historic in history, all-time high and they increased their gold supply another 10 tons.  You can see the direction they're going and why they're getting praises...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Bank friend...in his opinion a new rate that will float.  We're going to have gateway from Iraq to European side in trading.  It will be amazing...The deletion of the zeros is near...Four different experts of the economy being sent to us by the CBI saying what is needed to be done with the zeros.  It's no secret.  FRANK:  He's 100% correct.  I keep telling you it's here.  

A SUPER-MELTDOWN WILL OCCUR IN THE DEBT MARKET...AND IT CANNOT BE STOPPED.

Greg Mannarino:  3-5-2024

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

Andy Schectman: Gold Rallies Again After Clearing $2,100 Level

Arcadia Economics:  3-5-2024

The gold price has continued its rally again today, trading as high as $2,150 during the morning session. And as Andy Schectman of Miles Franklin notes in today's call, this is happening at the same time that interest rates are still elevated.

 So in today's show, he talks about the $100 move we've just witnessed in the past 3 days, the reaction in the silver price, and how the physical premiums have responded to the move. To find out more, click to watch the video now!

https://www.youtube.com/watch?v=P0HH932KOwc

Tuesday Evening Chat With MarkZ 3-5-2024

Tuesday Evening News with MarkZ

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 evening RV’ers

Member:  Today has been a plethora of activity and good news! Let’s finish the night with an RV!!

MZ: Fairly slow on the RV side…but still getting plenty of chatter from groups that they are waiting for the shoe to drop….everybody is at the edge of their seats.

MZ: I think the silence we are hearing is because there is so many balls being juggled and in the air right now. Hopefully things break loose tomorrow.

​​ Member: I hope they get this done before Ramadan

MZ: I don’t believe it will be delayed by Ramadan…but we will find out soon…It’s only 5 days away

Member: Kuwait revalued in Ramadan.

MZ: Nader has been on fire with some articles ….Be sure to go listen to them

MZ: “Sudanese advisor details Iraq’s financial situation and touches on exchange rates”  they want you to know things are good. And they have a lot of foreign currency reserves.

MZ: “India’s forex reserves surge to $619 Billion”  Why are we seeing an increase in foreign currency reserves for a number of the BRICS aligned countries? It’s like they are preparing for something.

Member:  Wolverine is extremely excited, Close!!!

Member: Mike Huckabee did a long talk about the possible 14 % federal income tax on new purchases. This was on Newsmax on Sunday Night.  Nesara?

Member: Seeking to understand. Why are there separate baskets for currency?

MZ: Originally we were told there would be 3 or 4 baskets of currencies that would go at different times. Now, it is my understanding that the majority will go on day one…. And the rest will go over time as the individual nations get up to speed and ready.

Member: Things sure sound good by this weekend!! I just hope they don't use Ramadan as an excuse to postpone this

Mod:  ZESTER TOMORROW AT 5 PM EST

“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARK’S OPINION ONLY”

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

Iraq Economic News and Points to Ponder Tuesday Afternoon 3-5-24

Iraq Economic News and Points to Ponder Tuesday Afternoon 3-5-24

Tlm724 Administrator Bondlady’s Corner

Economist: Implementing The Automation System Is A Devastating Blow To Money Smugglers

Economy | 03/05/2024   Mawazine News – Baghdad  Economic expert Abdul Hussein Tawfiq confirmed today, Tuesday, that implementing the automation system in the banking system is a devastating blow to money smugglers and corrupt people.

Tawfiq said in an interview with Mawazine News, “Implementing the electronic “automation” system is in the interest of Iraq and will generate abundant funds for it.”

He added, "The tone of Finance Minister Taif Sami was very nervous, which indicates the presence of parties obstructing the implementation of the automation system."

He pointed out that "implementing the automation system will enable the state to limit corruption and end smuggling operations."

Tawfiq pointed out that “implementing the automation system is a step in the right direction by the government.”

He continued: "We hope for the best if the automation system is implemented in Iraq and it will generate a lot of money for the state treasury."   https://www.mawazin.net/Details.aspx?jimare=243295

Iraq Will Export More Than 115 Million Barrels Of Crude Oil And Its Derivatives To America In 2023

Energy  Economy News _ Baghdad   The US Energy Information Administration announced today, Tuesday, that crude oil exports to the United States amounted to more than 115 million barrels during the past year 2023.

The administration said in a table seen by Al-Eqtisad News that Iraq exported crude oil and its products to America during the past year, amounting to about 115.263 million barrels.

She added that Iraq's exports of oil and its derivatives in December amounted to 6.922 million barrels, an increase of 1.571 million barrels from what they recorded in November, when they reached 5.351 million barrels.

The US Energy Information Administration stated that OPEC's exports of crude oil and its products to America within 12 months amounted to 489.69 million barrels, with Saudi Arabia having the highest rate of exports to America, reaching 1.476 million and 373 thousand barrels during the same time period.

Views 68  03/05/2024 - https://economy-news.net/content.php?id=41135

Sudanese Discusses Areas Of Cooperation With The International Finance Corporation Delegation

Economy | 03/05/2024 Mawazine News – Baghdad   Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of supporting projects associated with the Development Road Project.

The Prime Minister’s Media Office stated in a statement received by Mawazine News, that “Prime Minister Muhammad Shiaa Al-Sudani received a delegation from the International Finance Corporation (IFC), headed by the institution’s Vice President for Middle East Affairs, Hala Sheikh Ruhu.”

He explained, "The meeting witnessed a review of the areas and prospects of cooperation between Iraq and the institution, which is one of the institutions of the World Bank," stressing that "the government is continuing with economic reforms and measures to improve the investment environment, as well as implementing projects that contribute to increasing the gross domestic product and supporting non-profit sectors." Oil and empowering the private sector.

The Prime Minister called on the Corporation to open a training institute in Iraq that specializes in developing banking work, preparing economic models for projects, and supporting the Iraqi private sector’s trends in the cement and construction materials industry, with increasing demand following the progress of new city projects, as well as developing the capabilities of the General Company for Carbon Economics. Which Iraq is working to establish.

He stressed "the importance of supporting projects associated with the Development Road Project, as well as completing the discussion of plans prepared for the rehabilitation of Baghdad International Airport, which are sponsored by the Corporation."

For her part, Hala Rouho indicated, “The institution’s readiness to cooperate with Iraq in all fields, and appreciated the government’s role in expanding reforms and adopting a path that contributes to reducing carbon emissions,” pointing to “continuing work to implement plans to rehabilitate and expand Baghdad International Airport, and support sustainable development.” And promoting the growth of various economic sectors.”    https://www.mawazin.net/Details.aspx?jimare=243266

After The Recent Decline... Dollar Prices Are Rising Againgr

Economy |  3/05/2024  Mawazine News – Baghdad  The prices of the US dollar rose against the Iraqi dinar, today, Tuesday, in local markets.

The central Kifah and Harthiya stock exchanges recorded an exchange rate of 151,100 Iraqi dinars for 100 US dollars

, while the dollar exchange rates in banking shops and local markets reached 152,250 dinars, while the purchase price reached 150,250 dinars for every 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=243250

To read more current and reliable Iraqi news please visit BondLady’s  Corner: https://www.bondladyscorner.com/  

Provoking Points to Ponder on Decisions 

The most important fact about Spaceship Earth: an instruction book didn't come with it. - R. Buckminster Fuller

Life is the only art that we are required to practice without preparation, and without being allowed the preliminary trials, the failures and botches, that are essential for the training of a mere beginner. - Lewis Mumford

Time has told me less than I need to know.  - Gwen Harwood

I learn by going where I have to go.  - Theodore Roethke

Life is like playing a violin in public and learning the instrument as one goes on.  - Samuel Butler

We don't have enough time to premeditate all our actions.  - Vauvenargues

Every year, if not every day, we have to wager our salvation upon some prophecy based upon imperfect knowledge.  - Oliver Wendell Holmes

http://famousquotesandauthors.com/quotes_by_topic.html                                   

http://famousquotesandauthors.com/topics/decisions_quotes.html  

Goldilocks' Comments and Global Economic News Tuesday Evening 3-5-24

Goldilocks' Comments and Global Economic News Tuesday Evening  3-5-24

Good evening Dinar Recaps,

Finance ministers discuss BRICS Bridge digital currency payments 

"Specifically, the Ministry said, 'We are talking about creating a multilateral digital settlement and payment platform.' However, Sputnik International one of Russia’s English propaganda networks, went further. It said Finance Minister Anton Siluanov was ready to test digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries."

Another news outlet quoted Siluanov as saying, “The first thing to do is to create a connection to the existing central bank digital currency systems that are already operating in a number of countries. In parallel with this, national financial messaging systems need to be connected.”

Here, we have information with specific guidance on what has to be done in Russia and the BRICS system to see their local currencies onboarded to the new QFS. They give us a direct message in the last sentence of the above article.

Here it is again separated from the paragraph, "...national financial messaging systems need to be connected."

Meanwhile, Russia will be testing their new digital currency this year. Remember, Putin is the chair of the BRICS System this year, and many of the currencies we are looking to revalue have already joined this group. BRICS Nations are formulating a digital gold token for trade, this will change everything.

Do you remember ISO 20022 messaging system? It is still important.

(https://sputnikglobe.com/20240226/russia-ready-to-test-payments-in-digital-currencies-with-china-eaeu---finance-minister-1116982914.html),

Watch the water.

© Goldilocks
Ledger Insights
Federal Reserve

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Fedwire is a real-time gross settlement system of central bank money used by Federal Reserve banks to transfer funds electronically between member institutions. Banks, businesses, and government agencies use Fedwire for large, same-day transactions.   Investopedia

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When factoring in currency trades, it is the first currency in a currency pair that represents how much currency is needed to purchase a single unit of the corresponding currency beside it. Investopedia

© Goldilocks

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Freedom Fighter ©
A currency pair is the quoting of 2 different currencies, with the currency on the left of the slash  
 ( / ) being exchanged FOR the currency on the right of the slash ( / )

Our exchange will be IQD/USD

AKA we are exchanging
✅DINAR for USD (IQD/USD)

NOT ❌USD for DINAR
 (USD / IQD )

Hear Freedom Fighter's Explanation here:  https://t.me/c/1545617426/75146

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Freedom Fighter ©

✅Another example

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Thank you Freedom Fighter for a wonderful explanation in detail.

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Iraq confirms it has completed the requirements to join the World Trade Organisation | Zawya News

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Official: Iraq's accession to the World Trade Organization is imminent | Shafaq

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RBI Expects Launch Of Interoperable Internet Banking In 2024: Shaktikanta Das |  NDTV Profit
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Analyzing the latest updates and advancements in Stellar (XLM) | CryptoNewsz

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KTFA Membrs "News and Views" Tuesday 3-5-2024

KTFA:

RE: Monday Night CC:  https://fccdl.in/MeTj1sVDZZ

DeepWoodz:  imo.. thanks for the call Frank. Just a heads up… The listing USD/IQD = 2.81 would mean $1 = 2.81 dinar. Not the other way around. Even if this is true, definitely an improvement worthy of praise.  If you want to see the value of the dinar, simply list it the other direction. i.e….IQD/USD. Which equals .355.    1 dinar =0.35$

Frank26:  TEAMWORK !!! ...........I APPRECIATE YOUR HELP DW !!! TY KINDLY

DeepWoodz:  Something else I’d like to mention since you’re talking. I’ve been using Google the same way for several years now. You can type usdiqd into the search and Google has what I assume is a public rate of around 1310. So I am used to typing it in without the forward slash. 

When I do that in forexlive, I get the 1310 there also. It is interesting that without the /, the Iraqi and American flags pop up beside the pair. With the /, nothing pops up with the pair but the rates are much different (better).   Like you said, something is going on, and I like it.     Imo

Moparman:  I have found two exchanges so far showing the wonky movement of the dinar: the Toronto Stock Exchange and the Chicago Board Options Exchange. The CBOE is explicitly for options contracts. Intercontinental Exchange is still showing the 'official' rate of 1310 (IQD:USD -- the standard notation for ForEx pairing.)

The CBOE (USD/IQD) is showing USDIQD at 2.73 -- this means 2.73 dollars equals 1 dinar. The TSX (IQD/USD) is showing the inverse of that, which means .366 of 1 dinar equals 1 dollar -- .366 equals $2.73 per 1 dinar. They're responding in real time in sync.

As an example, a 25,000 dinar note would be $59,250 at that current rate.

Just thought it might help to post. No, this isn't the rate of the dinar currently -- it's futures options, which can run anywhere from 1 day up to 6 months -- but it absolutely shows something is going on with the dinar skyrocketing.

Addendum (I forgot to mention this): USD/IQD means how many dollars equal a dinar. IQD/USD (notice the inverse, it's flipped) means how many dinars equal a dollar. The 2.73 IS a dollar amount -- the inverse is how you'd calculate the exchange rate ($1 divided by .366 -- which is $2.73.) Someone was mentioning earlier that's not a dollar amount, but the USD/IQD way IS a dollar amount.

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Clare:  Dinar and dollar

March 4, 2024   Mohammed Rashid

Most of the crises that accompanied us led to the collapse of our national currency (the dinar) were due to the wars that were forcibly imposed on Iraq by some major powers for many years, and the dollar was the final command that dominated the economic scene and contributed to destroying the value of the Iraqi dinar.

In 1970, a piece of land with an area of ​​(600) square meters in the most prestigious place in our city of architecture was worth (5) thousand dinars, and today the same piece is worth (one billion) and (500) million dinars. This is how playing with the fate of peoples was in order to weaken them and control them. Its human and oil resources.

Today, the economic world is witnessing a qualitative boom in awareness, and very soon it will overthrow the “dollar” and its name will be changed in the coming period to “the dinar” and after a while to “the dollar,” and in the end it will completely lose its value and its printing price will be equal to (a number of cents).

In a televised interview with the “”Iraqi President, Engineer Muhammad Shiaa Al-Sudani””, he uttered a very important phrase (keep the dinar). Today, through my humble vision, I bear witness that the “”Iraqi dinar will return to its lofty economic value””, away from wars and violence, through a new era that imposes its cultural will in the region and the world.   LINK

DallasDude:  Well, this is as good as it gets as far as articles go...for some reason I am feeling a little more pep in my STEP today..

Moparman:  I believe when forex hits the desired number, we as investors go to the bank. This guy talking is just more proof that we will soon celebrate

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Clare:  Saleh confirms Iraq's monetary sovereignty and reduces the effects of speculation in the parallel market

3/5/2024

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, ruled out any effects on the exchange market due to “speculation” of the dollar in the parallel market.

Saleh told Al-Furat News Agency, “The effects on the exchange market no longer represent the real price operations of the basic market forces.”

He stated, “Parallel market operations are nothing but illegal speculative acts that profit from accidental profits on individual or marginal transactions and are undertaken by forces of speculators working against the law. This irregular parallel market has become isolated from the power of the official or regular market since the end of the legalization of economic transactions and the prohibition of... Any transactions in dollars in clearing debts within the national economy between natural and legal persons, as today any internal contracts, transactions or obligations concluded in foreign currency and denominated in a currency other than the national currency are not legally valid.”

Saleh noted that "this confirms the monetary sovereignty of our country through the stability of the national currency and dealing in it alone without the participation of foreign currencies in internal economic operations."

Raghad Dahham    LINK

Clare:  The Sudanese advisor details Iraq's financial situation and addresses exchange rates

3/5/2024   Baghdad

Today, Tuesday, the Prime Minister’s Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, stated the real growth rate in Iraq’s non-oil gross domestic product, while referring to Iraq’s financial situation.

Saleh said, in an interview followed by “Al-Iqtisad News,” that “the basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceed 100 billion dollars, and they are the cover of the national currency, which means that there is complete coverage of the national currency issued in foreign currency, which provides "Ideal stability for the Iraqi dinar exchange rate, in addition to the fact that these foreign reserves embody Iraq's commercial efficiency, as these reserves cover more than 15 commercial months, while the global standard is only three months."

He added, "We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8%), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability and growth."  

He pointed out that "the real growth rate in Iraq's non-oil gross domestic product has touched (6%), and it expresses the growing activities of important sectors, most notably the reconstruction, construction and housing movement, and the development of the transport and digital communications sector, and there is a continuing movement in developing the agricultural sector thanks to government support for crops." We expect Iraq’s grain production in the next few months to reach 6 million tons.”    LINK

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Clare:  Official: The issue of Iraq’s accession to the World Trade Organization is coming soon

3/5/2024

Undersecretary of the Minister of Commerce, Sattar Al-Jabri, considered on Tuesday that the issue of Iraq’s accession to the World Trade Organization was imminent, while he stressed that the current federal government would achieve self-sufficiency and not depend on the importer.

This came during his hosting of a discussion session on the sidelines of the seventh session of the activities of the third day of the Al-Rafidain Forum 2024 - Baghdad, under the title “Humanizing the Global Economy.”

Al-Jabri said during the hosting that the governmental curriculum developed by the Iraqi government is based on a strategy to keep pace with the development taking place in the global economy, as the government signed bilateral international memorandums of understanding in the field of trade and economics.

He stressed that "Iraq is seeking to enter the World Trade Organization, and the issue is coming soon."

The Iraqi government official spoke about the issue of import and export, saying: There is no trade balance between exported and imported materials, as the monetary mass was going to other countries, and this is what the current government seeks to address by relying on self-sufficiency.

 At the beginning of 2024, the Kingdom of Saudi Arabia announced its support for Iraq’s accession to the World Trade Organization, especially after the political obstacles that prevented it were removed.   LINK

Iraqi Dinar Today Video Updates Tuesday Afternoon 3-4-24

Iraqi Dinar Today Video Updates Tuesday Afternoon 3-4-24

See the Big News $1 Forex Rate Confirmed for Iraqi dinar - 1:52

Wells Fargo & JP Morgan Dinar, VND And Zimbabwe Dollar Did It World Wide – 4:07

Chase Bank Massive Announcement IQD Fully RV, RI, RD – 2:15

 See the Big News $1 Forex Rate Confirmed for Iraqi dinar - 1:52

https://www.youtube.com/watch?v=pikC1CddU8Q

Wells Fargo & JP Morgan Dinar, VND And Zimbabwe Dollar Did It World Wide – 4:07

https://www.youtube.com/watch?v=d_2oB2729PQ

Chase Bank Massive Announcement IQD Fully RV, RI, RD – 2:15

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

Why Gold Might (Weirdly) Be A Contrarian Investment Right Now

Why Gold Might (Weirdly) Be A Contrarian Investment Right Now

Notes From the Field By Simon Black/James Hickman  March 5, 2024

[Important Reminder: (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]

It’s hard to say with a straight face that an asset hovering near its all-time high could be a “contrarian” investment. But I’m going to say it anyhow-- I think gold may be a contrarian play right now.

Now, it would be easy to assume that gold is near its all-time high because everyone is buying. And normally that would be true; typically, whenever an asset soars to a record high, it’s because individual investors are piling into the market.

We’ve seen this countless times, from Bitcoin to meme stocks; once something becomes the hot thing to own, small investors-- and occasionally professionally managed funds-- drive the price higher.

But that’s not happening with gold. In fact, investors have been abandoning gold for years.

Publicly available data from more than 100 gold ETFs (all of which are conveniently aggregated by the World Gold Council) show that western investors have been selling off their gold ETFs for most of the past few years.

WGC data show that North American and European investors dumped over 700 metric tons of gold since May of 2022, equivalent to nearly 20% of ETF holdings.

In fact, outflows for the month of January alone (the most recent month of published data) totaled more than 50 metric tons-- the second highest outflow in a year.

Most notably, however, North American, and European investors dumped 179.6 metric tons of gold September 2023 through January 2024.

This is important, because during that time period, the price of gold surged from $1820 per ounce to nearly $2100.

Strange, right? If investors were selling off substantial quantities of gold, it seems like the price should have fallen. Instead, it rose 15%. How is that possible?

Well, the reason that gold keeps going higher is because, while individual investors are selling, there’s another group that’s buying.

In fact, this group of buyers is completely price insensitive. They don’t care how much they pay per ounce. They are not even looking for a return on investment. And they have mountains of cash to spend.

The group of buyers I’m talking about is central banks and governments.

And not just the usual suspects like China and Russia either (though China did buy more than 200 metric tons in 2023). Others like Poland, India, Singapore, Czech Republic, Philippines… and even Iraq.

To me this is an obvious signal that the global financial system is probably going to change sooner rather than later. And long-time readers know we have been writing about this for years.

Reserve currencies throughout history have always come and gone.

There was a time when the Greek drachma dominated trade and commerce in the Mediterranean (due in large part to the conquests of Alexander the Great). It was displaced by the Roman denarius, then the Byzantine gold solidus, then the Venetian ducat.

Reserve currencies rise to prominence because people have confidence in the issuer, i.e. the Roman Empire, or the Republic of Venice, or the Spanish Empire.

But eventually that confidence wanes-- especially as the empire debases its currency and runs up massive debts.

That’s the situation the United States is in right now.

The national debt is already $34.4 trillion. And the Congressional Budget Office expects it to rise by at least $20 trillion over the next decade.

The dollar became the global reserve currency back in 1944 when there were no other nations to rival the US.

The US was the only country that hadn’t been completely obliterated by war. It boasted the largest, freest, most productive economy. It possessed the best technology and manufacturing capacity. It had the largest pool of savings.

And it also had one of the world’s largest and most rapidly growing populations.

Yet even with such an impressive socioeconomic resume, the rest of the world wasn’t willing to blindly trust the US government with the world’s reserve currency… not without first putting some critical checks and balances in place.

First, while other nations agreed to fix their currencies to the US dollar, the US agreed to fix the dollar to gold at a rate of $35 per troy ounce.

And second, the US government had to guarantee that the dollar would be freely convertible to gold; that way, if any nation ever lost confidence in the Treasury Department or Federal Reserve, they could easily redeem their dollars for gold.

This is a pretty critical point to understand: immediately following World War II, the US was at the peak of its power. Every other developed nation on earth had been devastated by the war. Farms and factories had been destroyed. Chaos and hunger were rampant. Entire governments had been toppled.

Yet even with such a tremendous power imbalance (i.e. the US was in pristine condition compared to Europe), allied nations still weren’t willing to go all-in on the US dollar. And they demanded the gold convertibility as a guarantee.

That was 80 years ago. And it’s safe to say that the US is nowhere near the peak of its geopolitical power anymore. Adversary nations are everywhere, and the US government’s finances are an embarrassing catastrophe.

When I see central banks buying up gold at record high prices, this suggests to me that they are preparing for a new global financial system-- one that is based on gold instead of the US dollar.

After all, this is the most logical scenario.

It would be naive (and deliberately ignorant of history) to believe that the dollar will go on indefinitely as the world’s dominant reserve currency, given the pitiful trend of US government finances. Even the IMF has called for a reset in the global financial system.

It’s also hard to believe that any new financial system would be centered on a Chinese currency; no one trusts the CCP, nor should they.

Gold is the most viable option to replace the dollar as the global reserve currency because it doesn’t require any convincing. Governments and central banks all over the world already own gold, just as they have for thousands of years.

And it’s a lot easier for everyone to have confidence in an asset class that no single nation controls.

Given the trend of their large-scale gold purchases, it appears that foreign governments and central banks may be preparing for this potential new financial system.

I’ve argued before that a gold-based financial system could send prices beyond $10,000 or more.

So, yes, even though gold is near a record high, it’s important to remember that individual investors are selling at a time when central banks are gobbling it up even more quickly.

And it’s possible they’re buying for a very deliberate reason.

To your freedom,   James Hickman  Co-Founder, Schiff Sovereign LLC

Currency Insider Iraqi Dinar - Dong Updates Late Monday Evening 3-4-24

Currency Insider Iraqi Dinar - Dong Updates Late Monday Evening 3-4-24

IMF warn to Iraq - Iraqi dinar rate update latest – 2:47

Iraqi dinar big update about 25000 notes  - 2:47

It’s Big And Unbelievable News Update – 2:42

 IMF warn to Iraq - Iraqi dinar rate update latest – 2:47

https://www.youtube.com/watch?v=tzV8kyqZEuc

Iraqi dinar big update about 25000 notes - 2:47

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

It’s Big And Unbelievable News Update – 2:42

https://www.youtube.com/watch?v=HaBHw8U_C3s