"Tidbits From TNT" Thursday 3-21-2024
TNT:
CandyKisses: Fouad Hussein visits Washington today to put forward the file of the American withdrawal
Mawazine News-Baghdad
A high-level Iraqi delegation headed by Secretary of State Fouad Hussein arrives in Washington, D.C. today.
According to a diplomatic source, during its several-day visit, the delegation will hold a number of meetings and meetings in the US capital.
The attacks launched by the factions of the "Islamic Resistance in Iraq" and the future of the American presence in the country were hot topics in the dialogues that took place between the two countries during the past period.
The United States has targeted faction headquarters and commands in response to the targeting of its forces in Iraq, Syria and Jordan.
TNT:
CandyKisses: Fouad Hussein visits Washington today to put forward the file of the American withdrawal
Mawazine News-Baghdad
A high-level Iraqi delegation headed by Secretary of State Fouad Hussein arrives in Washington, D.C. today.
According to a diplomatic source, during its several-day visit, the delegation will hold a number of meetings and meetings in the US capital.
The attacks launched by the factions of the "Islamic Resistance in Iraq" and the future of the American presence in the country were hot topics in the dialogues that took place between the two countries during the past period.
The United States has targeted faction headquarters and commands in response to the targeting of its forces in Iraq, Syria and Jordan.
The Iraqi-American dialogue began on January 27 to “review the mission of the international coalition to fight ISIS,” and Iraq announced on February 11 that it would resume and continue periodically “as long as the talks did not disturb anything,” referring to US strikes.
CandyKisses: Iraq's accession to the World Federation of Free Economic Zones
Economy News - Baghdad
The Industrial Property Authority, one of the formations of the Iraqi Ministry of Industry and Minerals, announced its accession to the World Federation of Free Economic Zones (FEMOZA) in cooperation with the United Nations Industrial Development Organization (UNIDO).
The Director General of the Authority, Hamid Awad Mohammed, said in a statement received by "Economy News", that "the Authority is a vital entity tasked with advancing the wheel of industrial cities and their prosperity throughout Iraq, indicating that the accession came to the importance of international partnerships in achieving the objectives of the Commission in light of economic changes, the movement of markets, shipping lines, land and rail transport, and in order to interact with them professionally, investing in the strategic geographical location of Iraq.
He pointed out that "FEMOZA is an internationally known union committed to promoting sustainable economic zones and has links with (200) countries in the world."
The Director of the Authority added that this affiliation confirms the objectives of the Industrial Property Authority in creating a favorable environment for investment, innovation and economic diversification by benefiting from the organization and its global network, as well as attracting foreign investment to Iraq and enhancing the authority's ability to establish and manage industrial zones that help sustainable development, international business participation and accelerate industrial growth inside Iraq by benefiting from the expertise of specialized international organizations.
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CandyKisses: Oil rebounds and touches $87
Economy News - Follow-up
Oil prices rose on Thursday after falling in the previous session, supported by a drop in crude and gasoline inventories in the United States after signs that the Federal Reserve may keep interest rates high for longer, weighing on the outlook for future fuel demand.
By 01:55 GMT, Brent crude futures for May settlement were up 0.6 percent, or 52 cents, at $86.47 a barrel, after falling 1.6 percent on Wednesday.
U.S. West Texas Intermediate crude futures for May delivery rose 0.5%, or 45 cents, to $81.72 a barrel after falling 1.6% in the previous session. The April contract expired on Wednesday down 2.1% at $81.68.
The U.S. Energy Information Administration said on Wednesday that crude inventories in the United States, the world's biggest oil consumer, fell for a second week. Inventories unexpectedly fell by 2 million barrels to 445 million barrels in the week ended March 15, versus analysts' expectations in a Reuters poll for an increase of 13,000 barrels.
Inventories fell as exports rose and refineries continued to increase activity. Gasoline inventories for the seventh week fell by 3.3 million barrels to 230.8 million, reflecting strong demand for the fuel.
The inventory figures gave some support to the market after mixed expectations from Federal Reserve policymakers on this year's rate cuts weighed on prices earlier.
The Fed on Wednesday fixed interest rates in the range of 5.25% to 5.50%, but policymakers barely maintained their expectations for three rate cuts this year, meaning interest rates could remain high for longer.
Staying high for longer could mean lower economic growth, which could affect future fuel demand.
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Tishwash: Parliamentary Committee: The oil and gas law is lingering in the corridors of the government... and the reason?
A member of the Parliamentary Oil, Gas and Resources Committee revealed the reasons for the continued disruption of the oil and gas law legislation, which has been postponed for several parliamentary sessions.
Ali Abdel Sattar Al-Mashkour told {Al-Furat News} agency, "First of all, everyone should know that the draft oil and gas law is still with the government and has not reached the House of Representatives or our committee for us to study it or initiate its legislation."
He added, "There is a real intention on the part of the committee to legislate this law, but on its condition and conditions, and that it gives everyone their due rights and does not discriminate between one party and another regarding entitlements and duties."
Al-Mashkoor said, “In the end, there are still controversial points at the core of the spirit of the law, and this is what made it wander politically within the corridors of the government.”
It is noteworthy that since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has been stuck in the drawers, as disagreements prevented its approval in its final form, to the point that it was described as the “big knot” law in Iraq due to the extent of the disagreements over it.
After 18 years, he announced, in late August 2023, 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.
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.
The draft oil and gas law in Iraq available to Parliament stipulates that responsibility for managing the country's oil fields must be entrusted to a national oil company, and supervised by a federal council specialized in this subject.
For its part, the Kurdistan Oil Law indicates that the Iraqi government “has the right to participate in the management of fields discovered before 2005, but the fields discovered afterward belong to the regional government.” link
Mot: .. YES!!! - I'm Sooooooo Ready! - Be Right There!!!
Mot: ...... it was a Mistake!! -- Honest!!!
"Coffee With MarkZ" Thursday Morning Chat 3-21-2024
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
Member: Good Morning Mark and everyone…Is there any RV news today?
MZ: Still quiet on the bond front and the dinar front. No fresh news on CMKX
MZ: We had been expecting news on bond meetings yesterday….but have gotten no reports on them. The banking side is doing a good job on keeping things quiet.
MZ: “Zimbabwe lets currency free-fall while it weighs Gold Standard” This makes sense. Don’t try to prop it up. Let the fiat system take the shot to the chin then put into place your new Gold Standard!!
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
Member: Good Morning Mark and everyone…Is there any RV news today?
MZ: Still quiet on the bond front and the dinar front. No fresh news on CMKX
MZ: We had been expecting news on bond meetings yesterday….but have gotten no reports on them. The banking side is doing a good job on keeping things quiet.
MZ: “Zimbabwe lets currency free-fall while it weighs Gold Standard” This makes sense. Don’t try to prop it up. Let the fiat system take the shot to the chin then put into place your new Gold Standard!!
MZ: Zimbabwe plans to launch a structured currency with a Gold Standard. They are not even trying to save the fiat – just let it go the way it does…by returning to zero. Then put in the asset backed currency….. this does not reflect on our Zim bonds.
Member: it further confirms the worlds move away from the petro dollar into their own backed currency
Member: That tells me the reset is coming very soon!
MZ: Gold Telegraph has posted “Russia has introduced digital assets as a payment for International settlements” In other words they have ut together a system that is independent of the US banking system …independent of SWIFT. They no longer need it. This is also one that will very easily work with the new QFS system as they can digitally talk to each other….Follow the fundamentals guys.
Member: Wish we all could join with the new BRICS system.
Member: Wish we knew for sure if the QFS is a mythological fable- or real!!!
MZ: “ Evergrande “Ponzi Scheme” likely sparks major property market restructure” Chinese economy in hong Kong faces a dilemma over developers $78 Billion dollar fraud. This is causing a run for money and a restructuring. 40-50% of the entire Chinese economy is on the ropes. They have rough times ahead.
Member: The whole world needs this reset…….Whoever is in charge…please let it go!
Member: I have a bank story from this morning. went to Bank of America this morning to cash a check. Bank was all new with cubicles. I asked the manager if They exchange currency and he said yes
Member: Frank 26 has changed his stance on the dinar. Now he says it's not going to float but will come out at a fixed rate. $3.32 to maybe $5 something
MZ” That is what I have been hearing for some time now. I was told to expect between $3.33 to $4.81. Somewhere in that range.
Member: I think they have to come out at the rate they removed it. $3.24?
MZ: Yes it was right around $3.22-$3.30 or so.
Member: I saw one tic toc post about NESARA supposedly being announced sometime around April 1st. Guess we will see!!
Member: Lots of Rumors about April 1st. It’s the start of the second quarter….Easter is March 31st where the St. Germaine trust is supposed to open….
Member: Also we have a BLOOD Moon on the 25th …and its Purim…Think of the days of Esther.
Member: 3-24 is the anniversary of the Kuwait RV….Would be a good time to let it go.
MZ: Yes it would …that would put it on Sunday which is a good day to do it. Mr. Mayhew always told us we would go to sleep on a Saturday Night and wake up to a whole new world the next day.
Member: In Iraq our Sunday is their Monday or first business day of the week,
Member: Keep positive thoughts….Our future is so bright- we are going to need shades!
Member: Everyone enjoy your day.
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.
5 Reasons You Should Work for as Long as You Live
5 Reasons You Should Work for as Long as You Live
These benefits might make you think twice about retirement.
Alex Valdes • November 3, 2021
While countless workers dream of retirement, millions more have decided to work full time or part time after age 65: In fact, the U.S. Bureau of Labor Statistics predicts that by 2024, there will be about 13 million working Americans age 65 and older. Working longer might be your best option. Here are several reasons why.
1. Increase financial security
If you’re worried about outliving your savings, working longer is the answer. It can let you:
5 Reasons You Should Work for as Long as You Live
These benefits might make you think twice about retirement.
Alex Valdes • November 3, 2021
While countless workers dream of retirement, millions more have decided to work full time or part time after age 65: In fact, the U.S. Bureau of Labor Statistics predicts that by 2024, there will be about 13 million working Americans age 65 and older. Working longer might be your best option. Here are several reasons why.
1. Increase financial security
If you’re worried about outliving your savings, working longer is the answer. It can let you:
Wait to collect Social Security. Delaying claiming your benefits until age 70 earns you payments that are much larger than if you had started claiming at or before your full retirement age.
Keep adding to your retirement savings.
Leave your nest egg untouched longer. This means having more money to use later and giving your savings more time to grow and compound.
A couple of years ago, MarketWatch cited these findings from the National Bureau of Economic Research:
“The longer you work, the longer you can add to your retirement savings, the more time they have to grow, and the less you will need when you eventually retire. Throw in the boost to Social Security as well, and ‘delaying retirement by one year is roughly 3.5 times as impactful as saving an additional 1% of wages for 30 years,’ calculated financial researchers recently.”
2. Stay sharp
A job gives you projects to complete, tasks to perform, deadlines to meet and co-workers to team up with.
If all that vanishes in retirement, you may risk losing some mental acuity. One researcher found that people reduced their risk of dementia by 3.2% for each additional year they worked.
Another researcher found that folks who didn’t fully retire and kept working — whether through self-employment, part-time work or a temporary job — enjoyed better mental and physical well-being than those who retired completely.
3. Live longer
To Read More Go to Original Article Here
https://www.moneytalksnews.com/slideshows/why-you-should-work-for-as-long-as-you-live/
News, Rumors and Opinions Thursday AM 3-21-2024
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 Thurs. 21 March 2024
Compiled Thurs. 21 March 2024 12:01 am EST by Judy Byington
Judy Note: Mon. 1 April 2024 appeared to be a special day: April 1 was the first day of the New Year on the Julian Calendar. The Global Currency Reset was said to be complete on Mon. 1 April 2024. The fiat US Dollar could be dead on Mon. 1 April 2024 and the new gold/asset-backed US Note could be introduced to the World on Mon. 1 April 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 Thurs. 21 March 2024
Compiled Thurs. 21 March 2024 12:01 am EST by Judy Byington
Judy Note: Mon. 1 April 2024 appeared to be a special day: April 1 was the first day of the New Year on the Julian Calendar. The Global Currency Reset was said to be complete on Mon. 1 April 2024. The fiat US Dollar could be dead on Mon. 1 April 2024 and the new gold/asset-backed US Note could be introduced to the World on Mon. 1 April 2024.
Global Currency Reset: (Rumors)
On Thurs. 21 March Tier4b (Us, the Internet Group, who bought foreign currencies going up in value and/or Zim Bonds) were said to be able to start exchange appointments, Bond Holders in Tier 3 will have access to their funds and Restitution and Reclamation Allowance payouts for the General Public should begin according to Bruce.
Fri. 22 March to Mon. 1 April: “FINAL DANCE” MAKE BACKUPS, BE READY: 03/22 – 03/28 …Mr. Pool on Telegram 11 March 2024. Judy Note: Is Mr. Pool talking about the EBS starting on Fri. 22 March and going to the end of the month?
Mon. 1 April is the Julian Calendar New Year’s Day, and release of the GCR to the General Public where they will be able to go to existing banks and set up their individual bank accounts on the new Quantum Financial System. April 1st Shockwave! QFS Integration with Wells Fargo Sparks Global Financial Reset, Redemption Centers, Military Alliances – Trump & Musk’s AI Unleashes War on Globalist Elites! – Gazetteller
Global Financial Crisis:
Warning: US Economic Crash Worse Than 1929: https://beforeitsnews.com/economy/2024/03/u-s-economic-crash-worse-than-1929-peter-schiff-issues-warning-video-3107357.html
Read full post here: https://dinarchronicles.com/2024/03/21/restored-republic-via-a-gcr-update-as-of-march-21-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: When it floats it's going to go up really fast. The demand is going to be big on our currency...This thing may have the ability to reach $4.25...probably they will cap it out and go back to settle just a little ahead of Kuwait... FRANK: I believe Kuwait will allow that to happen as well...Sudani made them happy...
Militia Man Oil is anywhere from $88 to $85 right now. Add in the tax revenues and customs duties and fees at the borders, the tourism you got to see the exchange rate of the Iraqi dinar is not going to be at $0.76. They're going to have to add that real effective exchange rate to it and that's probably...exactly why they haven't exposed it just yet. It's a sensitive issue. They need to keep it close to the chest... They can't go out and tell everyone on the street, 'Hey you know next week your exchange rate is going to be X.' It doesn't work that way...Eventually they will expose it...
Traveling with the Iraqi Dinar and/or $10,000 in US Dollars What Can Happen
Edu Matrix: 3-19-2024
Leaked JP Morgan Report Shows Ticking Time Bomb! MASSIVE Stock Market Warning
Atlantis Report: 3-20-2024
A leaked report from JP Morgan has sent shockwaves through the financial community, warning of a "ticking time bomb" in the stock market. In the financial world, the concept of risk is an inherent and unavoidable factor. Investors, analysts, and market participants are well-versed in the traditional measures of volatility, such as price fluctuations, market trends, and economic indicators.
MilitiaMan: Iraqi Dinar - IQD update - Accountability - Al-Sudani's Achievements 2024 - Development Road - EBRD
Iraqi Dinar - IQD update - Accountability - Al-Sudani's Achievements 2024 - Development Road - EBRD
MilitiaMan and Crew: 3-20-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar - IQD update - Accountability - Al-Sudani's Achievements 2024 - Development Road - EBRD
MilitiaMan and Crew: 3-20-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Economic News and Points to Ponder Thursday AM 3-21-24
Iraq Economic News and Points to Ponder Thursday AM 3-21-24
Tlm724 Administrator Bondlady’s Corner
Oil Is Retreating From The Highest Level In Several Months, Affected By The Rise In The Dollar
Wednesday 20, March 2024 08:57 | Economical Number of readings: 417 Baghdad / NINA / Oil prices fell in early Asian trading, on Wednesday morning, affected by the rise in the dollar, which contributed to curbing investors’ appetite, especially after the two benchmark crude oils rose to their highest levels in several months during the past two sessions.
Brent crude futures for May delivery fell 19 cents, or 0.2%, to $87.19 a barrel by dawn today, and US West Texas Intermediate crude futures for April delivery, which expire at settlement on Wednesday, fell 35 cents, or 0.4%, to $83.12 per barrel.
The dollar rose for the fifth session in a row after the release of data indicating the resilience of the US economy, which affected the morale of Asian buyers. A stronger dollar makes oil more expensive for holders of other currencies, weakening demand.
Iraq Economic News and Points to Ponder Thursday AM 3-21-24
Tlm724 Administrator Bondlady’s Corner
Oil Is Retreating From The Highest Level In Several Months, Affected By The Rise In The Dollar
Wednesday 20, March 2024 08:57 | Economical Number of readings: 417 Baghdad / NINA / Oil prices fell in early Asian trading, on Wednesday morning, affected by the rise in the dollar, which contributed to curbing investors’ appetite, especially after the two benchmark crude oils rose to their highest levels in several months during the past two sessions.
Brent crude futures for May delivery fell 19 cents, or 0.2%, to $87.19 a barrel by dawn today, and US West Texas Intermediate crude futures for April delivery, which expire at settlement on Wednesday, fell 35 cents, or 0.4%, to $83.12 per barrel.
The dollar rose for the fifth session in a row after the release of data indicating the resilience of the US economy, which affected the morale of Asian buyers. A stronger dollar makes oil more expensive for holders of other currencies, weakening demand.
In the previous session, the two crude oil prices recorded their highest levels since late October, as traders assessed the impact of the recent attacks launched by Ukraine on Russian refineries on global oil supplies.
Trade sources told Reuters on Tuesday that the decrease in Russian refining capacity as a result of the strikes led to an increase in crude exports from the country.
The sources added that oil exports from Russia's western ports will increase by about 260,000 barrels per day in March, above the initial monthly plan of up to 2.22 million barrels per day.
Sources citing the American Petroleum Institute reported that US stocks of crude oil and gasoline decreased last week, while distillate stocks rose.
A Reuters poll of analysts expected stocks to rise by about ten thousand barrels last week.
Official data from the US Energy Information Administration is also expected to be issued later today, Wednesday./End 9 https://ninanews.com/Website/News/Details?key=1113877
Societal Reluctance To Make Bank Deposits In Iraq...The Full Story
Economy breaking Iraqi banks Dollar smuggling US sanctions Money laundering Financing terrorism
2024-03-20 10:26 Shafaq News/ Iraqi citizens are afraid to continue depositing their money in local banks, fearing that they will later be unable to withdraw it as a result of the American sanctions imposed from time to time on banks operating inside the country.
There are many government and private banks spread in Iraq, as their number throughout the country reaches 78 banks, including 7 government banks, one of which is Islamic, in addition to 28 private Islamic banks, and 25 commercial banks that include two branches in the Emirates and Saudi Arabia, in addition to 16 foreign commercial banks and two Islamic banks. Foreigners, and these banks have 891 branches, most of which were formed after the year 2003, in addition to opening a currency selling window in the Central Bank of Iraq.
Reasons For Abstention
The economic expert, Omar Al-Halbousi, attributes citizens’ reluctance to deposit their money in Iraqi banks to a group of factors, thefirst of which is “the citizen’s lack of confidence in the Iraqi banking sector, especially after the collapse of a group of banks that have been in operation for several years, without returning depositors’ money despite their filing of complaints with the Central Bank and the Iraqi judiciary.”.
Al-Halbousi added in an interview with Shafaq News Agency, “Also, the weakness of the Central Bank of Iraq in controlling and supervising the work of banks was another factor for citizens hoarding their money at home without depositing it in banks.
In addition, the ownership of private banks by people accused of corruption or external parties is one of the factors.” Citizens’ reluctance to deposit their money in the banking system.”
He continues, "Then came the American sanctions on a group of private banks, forming another factor in citizens' reluctance to deal with banks and deposit their money in them for fear of these banks' funds freezing or faltering and their inability to return depositors' money, since the banks depend on the dollar as the basis of their work, and there is no... “It has investment diversification that can compensate for that.”
“Based on the above, citizens’ reluctance to deposit their money in banks will increase with the increase in sanctions on banks,” Al-Halbousi says.
It is noteworthy that the US Treasury Department had imposed sanctions on 32 private banks out of 72 banks.
The sanctions imposed by the Treasury Department, according to Al-Halbousi, are divided into two types:
“The first is the penalty of preventing dealing in dollars while these banks can deal in other currencies.” He added, "The second type of sanctions is the Foreign Assets Management Office in the Ministry of the Treasury imposing sanctions on banks,
the latest of which is (Al-Huda Islamic Bank), which means that this bank is unable to deal in dollars, and foreign banks cannot deal with it due to its serious violations."
He explains that "the sanctions imposed by the US Treasury Department on banks come due to their committing financial crimes, including ( money laundering, financing terrorism, circumventing US sanctions, smuggling the dollar, and using forged commercial invoices)."
He points out that "the US Treasury Department had directed the Central Bank of Iraq to monitor the work of banks, follow up on their activities, and punish perpetrators of financial crimes."
Al-Halbousi believes that “the Central Bank of Iraq overlooked this issue, which prompted the US Treasury Department to impose sanctions on these banks, knowing that the list of sanctions may be increased, and there are banks that will soon be punished for committing financial crimes.
Sanctions will also be imposed on companies and individuals who constitute fronts for parties accused of terrorism.”
The economist believes that "the first government agency to be punished is the Central Bank of Iraq and a group of its perpetrators, which will lead to a serious economic and financial setback."
Al-Halbousi states, “The amount of cash exported by the Central Bank is 102 trillion Iraqi dinars until the end of December 2023, with
60 trillion dinars being the size of deposits in government banks,
13 trillion dinars being deposits in private banks, and
93 trillion dinars being the size of the amount of cash outside.” The banking system.
Imbalance of financial inclusion
The Iraqi banking system suffers from a lack of citizens’ confidence in it, and financial inclusion in Iraq faces major challenges related to the inability of citizens to achieve their financial ambitions with Iraqi banks.
Since Iraq suffers from a lack of financial inclusion, “this scientifically and practically hinders any attempt at sustainable development in light of the growing mismanagement and implementation of decisions and laws in accordance with political desires,” according to economic affairs researcher, Ahmed Eid.
Eid explained to Shafaq News Agency, “Citizens’ cash deposits in banks are affected by several factors, foremost of which is the lack of governance and deterrent oversight against legal violations in disbursing funds, as well as interest rates related to loans.”
He continues, "Also, there is a delay in modern technological activities in managing financial matters, and the failure to implement electronic payment in the correct manner, as electronic payment operations are still delayed, and there are no attractive offers for citizens."
The researcher in economic affairs confirms that “citizens prefer to save and store their money at home rather than deposit it in banks,because the majority of banks in Iraq are unreliable and belong to influential parties, which makes them vulnerable to bankruptcy at any time.
As for government banks, they do not provide offers and facilities to citizens in order to "Push their desires into deposit."
Deposit In Dollars And Dinars
As for cash deposits, they may be in dollars or Iraqi dinars.
If they are in Iraqi dinars, the issue has nothing to do with American sanctions and there is no problem, and they continue to be implemented, according to the economic expert, Abdul Rahman Al-Sheikhli. Al-Sheikhli added to Shafaq News Agency,
“If the cash deposits are in dollars, it is worth clarifying at the beginning that the banking custom is that when a citizen deposits his money in the bank for current account purposes or as deposits for interest purposes, the depositor’s money remains circulating within banking channels from the same bank in which the citizen deposited his money, and it will not You go somewhere else."
“When the citizen needs it, the money is returned to him in the same currency, because it did not leave the bank, but rather circulates within the banking channels of the bank itself,” according to Al-Sheikhly. Al-Sheikhili points out that
“sometimes there is a delay when returning funds, as in the past it was possible to resort to the Central Bank and withdraw funds from it in order to give the money to the depositor,
but currently withdrawals from the Central Bank in dollars are not allowed, which requires returning the funds that were given as credit to others, so sometimes it may be delayed.” Delivery time.”
He notes that "the bank is punished, held accountable, and its license is withdrawn if it hesitates and does not pay its obligations to citizens.
This is a sacred matter, but sometimes as a result of some behaviors that have occurred among banks in general, they have a shortage in banking liquidity."
He points out that, “During the entry of ISIS in 2014, all banks had letters of guarantee belonging to companies, but these companies were reluctant to carry out their duties, so the amounts of the letters of guarantee were confiscated, and as a result, liquidity became scarce in some banks, and they stumbled, but the solid banks Which has great liquidity and high cash masses estimated at trillions, not billions, has not faced a problem.”
Al-Sheikhly added, “The Central Bank also reserves part of the banks’ capital as a reserve, and can compensate through it.
There is also a deposit insurance company established by the Central Bank approximately 4 years ago, and this covers part of the deficit that the bank may suffer from.”
He added, "But this is in the event of the bank's bankruptcy, and this matter only happened in one bank, which is (Basra International Bank), which declared bankruptcy, and there is a move to restore its business, but the rest of the banks do not face a problem, this is on the one hand."
Al-Sheikhli continues, “On the other hand, the eight banks that were recently subjected to a ban on dealing in the dollar, this is the first time such a decision has been issued by the Central Bank of Iraq and not by the American administration, except for one bank (Al-Huda) of these eight banks, which was at the behest of the Ministry of the Treasury.” America to prove its relationship with the Iranian Revolutionary Guard.
As for the remaining seven other banks, the blocking decision (preventing their entry into the currency selling window) was temporary and for audit and supervisory purposes by the Central Bank, according to Al-Sheikhly.
He points out that "the window for selling the currency will gradually end during the year 2024, and the same will be the case for the electronic platform, so the extent of the negative impact of this ban on banks will not be of great benefit."
The economic expert explains this by saying, “The decision was issued by the Central Bank, in agreement with the US Treasury Department, to diversify the basket of currencies without limiting it to the US dollar, and on this basis accounts were opened for private banks abroad with solid foreign banks with foreign banking relations, and based on that, banks that withheld Regarding dealing in the dollar, working with all banking products except dealing in the dollar.”
Central Bank Standards
The Central Bank of Iraq supervises the work of banks in accordance with Law No. 56 of 2004, and a special law on money laundering and terrorist financing No. 39 of 2015 was enacted, and it began implementing this law on January 1, 2016.
The Central Bank began to impose on banks to apply global compliance standards, which forced banks to assign a manager to follow up on money laundering operations for all existing money movements in order to comply with international standards, according to economic expert, Abdul Rahman Al-Mashhadani.
Al-Mashhadani explained to Shafaq News Agency, "But the problem is that a large portion of these banks did not adhere to the standards, and that whoever deals with the American side must adhere to its standards by preventing dealing with sanctioned countries. However, neither the banks nor the central bank nor even the government were able to convince the American side that this money “It is neither money laundering nor terrorist financing, but rather trade financing.”
He explains, “Iraq imports from Iran about 25 to 30 million dollars daily, and how is this met in the absence of trade with them? Rather, we import and do not export to them, and whoever exports needs money?”
Al-Mashhadani continues, “The Central Bank of Iraq recently asked the banks to seek the assistance of experienced international companies to audit their work and programs during the past three years, so that when a report is issued by these companies, the American side will not claim favoritism in the report, because these companies are solid international companies, and the Americans are... Who proposed 5 companies, and that banks be transformed from shops into real banks.”
He notes that “the problem is that the Iraqi banks are small, and one of the conditions was for the banks to obtain a classification from the international classifications issued by international classification companies, whether (Standard & Poor’s) or (Moody’s) and others.
When a report is issued by these institutions, a report will be issued.” "Sober, and the American side will not object to it."
The economic expert points out that US sanctions “the number of Iraqi banks that are subject to US sanctions is 28 banks, and they started with 4 banks (the first phase) in November 2022, which are ( Al-Ansari Al-Islami for Investment and Finance, the Islamic Holding Company for Investment and Finance, the Iraqi Middle East for Investment, and Asia.” Iraq Islamic Investment and Finance).
He added,"Then it was followed by 14 banks (the second phase) in May 2023, which are the banks ( Islamic Advisor for Investment and Finance, Al-Qurtas Islamic Investment and Finance, Islamic Spectrum, Elaf, Erbil for Investment and Finance, International Islamic Bank, Across Iraq, Mosul for Development and Investment, and Al Rajeh.), Sumer Commercial, International Islamic Trust, Ur Islamic, Islamic World for Investment and Finance, and Zain Iraq Islamic for Investment and Finance). Al-Mashhadani confirms,
“And then 8 banks were added to it last February, which are (Assyria International Investment, Iraqi Investment, Iraqi Union, Kurdistan Islamic International for Investment and Development, Al-Huda, Southern Islamic Investment and Finance, Arab Islamic, and Hammurabi Commercial).”
He notes that Hamad Al-Moussawi’s (Al-Bilad) Bank was punished, but it changed its name to (Al-Huda), and was punished again, so when Hamad Al-Musawi Bank is counted as one, the total is 27 banks, but when each penalty is calculated separately, Then there are two penalties, and thus the total is 28 banks.” https://shafaq.com/ar/اقتصـاد/عزوف-مجتمعي-عن-ال-يداع-المصرفي-في-العراق-القصة-الكاملة
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Iraqi Dinar Video Update Late Wednesday Evening 3-20-24
Iraqi Dinar Video Update Late Wednesday Evening 3-20-24
Wait is Over It's Done IQD RV Approved 2024 – 3:35
This is Good News For IQD Holder's Today 2024 – 3:27
Iraqi Dinar Potential Revaluation Today 2024 – 3:04
Iraqi Dinar Video Update Late Wednesday Evening 3-20-24
Wait is Over It's Done IQD RV Approved 2024 – 3:35
This is Good News For IQD Holder's Today 2024 – 3:27
Iraqi Dinar Potential Revaluation Today 2024 – 3:04
Wait is Over It's Done IQD RV Approved 2024 – 3:35
This is Good News For IQD Holder's Today 2024 – 3:27
Iraqi Dinar Potential Revaluation Today 2024 – 3:04
KTFA Wed. Night CC: " FRANK26…..3-20-24…..A MEETING"
KTFA
Wednesday Night Conference Call
FRANK26…..3-20-24…..A MEETING
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA
Wednesday Night Conference Call
FRANK26…..3-20-24…..A MEETING
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
Currency Insider Iraqi Dinar - Dong Wednesday Evening 3-20-24
Currency Insider Iraqi Dinar - Dong Wednesday Evening 3-20-24
Iraqi Dinar It’s Time To Big Cash – 2:28
Iraqi dinar big thing happening tonight - 2:36
Iraqi dinar finally knew rate came out $4.26 – 3:45
Currency Insider Iraqi Dinar - Dong Wednesday Evening 3-20-24
Iraqi Dinar It’s Time To Big Cash – 2:28
Iraqi dinar big thing happening tonight - 2:36
Iraqi dinar finally knew rate came out $4.26 – 3:45
Iraqi Dinar It’s Time To Big Cash – 2:28
Iraqi dinar big thing happening tonight – 2:36
Iraqi dinar finally knew rate came out $4.26 – 3:45
Iraqi News Highlights and Points to Ponder Wednesday Evening 3-20-24
Iraqi News Highlights and Points to Ponder Wednesday Evening 3-20-24
A Specialist Points Out The Reasons For The Noticeable Decline Of The Dollar In Iraq: It Will Reach The Official Price
Economy |Today, Baghdad today - Baghdad Today, Wednesday (March 20, 2024), the expert in financial and economic affairs, Ahmed Al-Tamimi, explained the reasons for the decline in the dollar exchange rate in the parallel market.
The past few days have witnessed a noticeable decline in the exchange rate of the dollar against the Iraqi dinar in the parallel market, reaching at times 149 thousand dinars for every 100 dollars.
Al-Tamimi told “Baghdad Today” that “the continuous decline in the dollar exchange rate in the parallel market confirms the government’s success in the dollar issue, controlling the crisis and preventing its aggravation,” expecting “this decline to continue gradually over the coming days, until it reaches the official price.”
Iraqi News Highlights and Points to Ponder Wednesday Evening 3-20-24
A Specialist Points Out The Reasons For The Noticeable Decline Of The Dollar In Iraq: It Will Reach The Official Price
Economy |Today, Baghdad today - Baghdad Today, Wednesday (March 20, 2024), the expert in financial and economic affairs, Ahmed Al-Tamimi, explained the reasons for the decline in the dollar exchange rate in the parallel market.
The past few days have witnessed a noticeable decline in the exchange rate of the dollar against the Iraqi dinar in the parallel market, reaching at times 149 thousand dinars for every 100 dollars.
Al-Tamimi told “Baghdad Today” that “the continuous decline in the dollar exchange rate in the parallel market confirms the government’s success in the dollar issue, controlling the crisis and preventing its aggravation,” expecting “this decline to continue gradually over the coming days, until it reaches the official price.”
He explains that “the measures and decisions by the government and the Central Bank have contributed greatly to limiting the rise of the dollar and controlling the market, especially with regard to cleaning up foreign remittances, as well as finding ways to finance foreign imports in currencies other than the US dollar, and other measures that the government has proven successful in this file.” .
On (March 14, 2024), the Governor of the Central Bank, Ali Al-Alaq, announced an understanding with the US Treasury to reconsider the sanctions imposed on Iraqi banks .
Al-Alaq said in a press statement, after being hosted by the Parliamentary Finance Committee, and followed by “Baghdad Today”, that “the process of printing the local currency takes place according to the required financial cover . ”
He pointed out that "the instability of the exchange rate is due to the presence of illegal trade carried out by small traders and some speculators . "
During the past months, the United States has prevented dozens of Iraqi banks from conducting transactions in dollars as part of a comprehensive campaign against transferring the American currency to Iran and other countries subject to sanctions in the Middle East .
The US Treasury - in cooperation with the Central Bank of Iraq - imposed stricter controls on financial transfers in the country in general .
As a result, the value of the Iraqi dinar declined against the dollar and the prices of imported goods rose. However, the Iraqi government took a number of measures to limit this rise and control the parallel market by striking currency smugglers at times, prosecuting speculators, and searching for an alternative to the dollar in commercial transactions at other times, which contributed significantly to the recovery. The Iraqi dinar again against the US dollar. LINK
To Generalize The "Iraqi Truce"... American-Iranian Talks To Prevent The Escalation Of The Conflict
2024-03-20 Shafaq News/ The English newspaper “The National” reported that the ongoing indirect talks between the United States and Iran seek to build on the undeclared truce understanding in Iraq with the Iraqi armed factions, by expanding it to become effective on other fronts in the region.
The newspaper indicated, in a report translated by Shafaq News Agency, that the Iranian media confirmed the occurrence of the recent rounds of indirect talks with the United States, but said that it focused on the issue of lifting the sanctions imposed on Iran, which is believed to be the main incentive for Tehran’s increasing initiative to reduce the conflict. Regional.
The report quoted an informed source as saying, commenting on the talks, that “there are clear American efforts for the Iranians to maintain the relative restraint they are exercising on their part, especially on the Iraqi front, where an unofficial truce has been ongoing for more than a month.”
The report stated that Washington recently renewed the exemption from sanctions that gives Iran access to $10 billion in frozen funds, an exemption that allows Tehran to use electricity revenues from Iraq to support the budget and pay off debts, and comes 4 months after a similar exemption.
The report quoted a source close to the Hezbollah group in Lebanon as saying that this exemption appears to be one of the indicators that the administration of President Joe Biden “is showing the extent of its willingness to win over the Iranians in this sensitive period of the war in Gaza, and with the drums of electoral war beginning to beat in The United States,” adding, “It does not seem that Biden is ready for a major adventure that might consume more of his political capital.”
After the report pointed out that Washington and Tehran had for years engaged in talks through mediators in Amman, Geneva and other cities related to Tehran’s nuclear ambitions, ballistic missile program and regional spheres of influence, it said that the recent talks in the Sultanate of Oman turned towards maintaining regional security and finding ways to prevent the outbreak of war. Widespread attacks in the Middle East after the Hamas attack on October 7, which sparked Israel's war in Gaza and led to the mobilization of armed factions allied with Iran throughout the region.
The report stated that armed factions in Iraq and Syria launched attacks on American forces in the context of a coordinated front since the outbreak of the war in Gaza to pressure for an immediate ceasefire in the Palestinian territories.
The report continued, citing sources in Baghdad and Beirut, saying that the last strike carried out by these factions was on February 4, adding that the cessation of attacks against American forces was part of an “undeclared truce” that included Tehran and the Iraqi government, after the attack that killed 3 Americans were killed on the Jordanian-Syrian border, and Washington attributed them to the "Islamic resistance in Iraq" supported by Iran, which includes the "Hezbollah Brigades."
The report noted that Quds Force Commander Ismail Qaani then traveled to Baghdad and met with faction leaders in order to push for a quick breakthrough. Shortly thereafter, Kataib Hezbollah announced the suspension of its military operations against American forces in Syria and Iraq to prevent “any embarrassment” to the government in Baghdad, while a source in Beirut close to the anti-Israel front said, "It is difficult not to imagine that the Americans are part of that."
The report continued that Hezbollah in Lebanon is waging a controlled war of attrition against Israel, while the United States has devoted great efforts to achieving a truce and preventing the escalation of the conflict, as such a war could have devastating consequences for Lebanon and Israel, and may ignite a broader regional confrontation.
The report added that while Hezbollah rejects attempts mediated by the United States to call for a truce before reaching a ceasefire in Gaza, the party has also not shown much interest in involving itself in a major war with Israel, while Israel carried out deeper attacks inside Lebanon in In recent weeks, with the aim of removing the party from the south using a tactic that Israeli officials described as either diplomacy or force.
The report quoted sources in Beirut close to the ongoing diplomatic efforts, saying that arrangements to begin negotiations to end the border conflict between Lebanon and Israel are progressing despite fears of a large-scale war with Hezbollah, as the deal is brokered by the American envoy Amos Hockstein and the Speaker of the Lebanese Parliament, Nabih Berri. He is the head of the Amal Movement, which is close to Hezbollah, as there is no direct American communication with Hezbollah.
According to two political sources close to Hezbollah, Ismail Qaani traveled to Lebanon several times in recent months in order to meet with Hezbollah leader Hassan Nasrallah and discuss ways to continue pressure on Israel without entering into a wide-scale war. But one of the sources said, “The Iranians did not go to tell Nasrallah: We do not want to get involved in the war with Israel.” Instead, they went to coordinate the work of the Quds Force (with Hezbollah).”
The report stated that American and Iranian officials told the Financial Times last week that the United States held secret talks with Iran last January in the Sultanate of Oman in order to try to persuade Tehran to use its influence over the Houthi “Ansar Allah” movement in Yemen in order to Ending attacks on ships in the Red Sea.
However, the report said that a high-ranking Western diplomat, who recently toured the front lines between Israel and Lebanon, questioned Washington’s ability to limit the regional impact of the conflict in Gaza, especially in Lebanon, saying that “the regional war is already continuing,” referring to the front. Between Hezbollah and Israel, adding that the Gaza war revealed Israel's weakness in the face of any multi-faceted attacks by factions allied with Iran, as Hezbollah has more military spending and missile capabilities than Hamas.
The report continued that the existential threat posed by Hezbollah's attacks after last October 7, which appeared in the inability of tens of thousands of Israeli residents to return to their northern border towns, highlights Israel's motives for pushing its enemy to retreat.
The report quoted the informed source as saying, “The only way to deal with this threat is to significantly remove Hezbollah from the border, and it does not matter whether the Americans agree to that, because the Israelis do not listen to them anyway.” Translated by: Shafaq News LINK
The Prime Minister And The Republic Discuss The General Situation In The Country
Baghdad Today – Baghdad The President of the Republic, Abdul Latif Rashid, and the Prime Minister, Muhammad Shiaa Al-Sudani, discussed this evening, Tuesday, (March 19, 2024), the general situation in the country, and the importance of unifying efforts to support the government was emphasized .
A statement from the Prime Minister’s Office received by “Baghdad Today” stated that “Al-Sudani met with Rashid, and during the meeting, they discussed the political, security, economic, living and service conditions in the country, and Iraq’s relations with its regional and international surroundings, in addition to the relationship between the federal government and the Kurdistan Regional Government of Iraq.” ".
The statement added, "The importance of unifying efforts to support the government in implementing its program and providing the best services to citizens, returning the displaced to their areas of origin, completing the process of closing the camps permanently, within the period specified by the government, and continuing joint work in order to complete constitutional entitlements."
The meeting touched on "the joint final statement between the Republic of Iraq and the Republic of Turkey, and its positive repercussions on strengthening bilateral relations and consolidating security and stability in the region." LINK
Provoking Points to Ponder on Decisions
Full maturity ... is achieved by realizing that you have choices to make. - Angela Barron McBride
Wherever you see a successful business, someone once made a courageous decision. - Peter Drucker
Life is just a series of trying to make up your mind. - Timothy Fuller
Life is just an endless chain of judgements. . . . The more imperfect our judgement, the less perfect our success. - B. C. Forbes
To know just what has do be done, then to do it, comprises the whole philosophy of practical life. - Sir William Osier
Life is like a game of cards. The hand that is dealt you represents determinism; the way you play it is free will. - Jawaharlal Nehru
Somehow we learn who we really are and then live with that decision. - Eleanor Roosevelt
Living is a constant process of deciding what we are going to do. - Jose Ortega
Wednesday Evening Chat with MarkZ 3-20-2024
Wednesday 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 Mark and everyone.
Member: So what happened today Mark???
MZ: Information is still dry from bond contacts.
Member: How can these bond holders be under NDA and not been paid? What are they being kept quiet for?
Member: Rumor is they lose their money if they break the NDA’s….so no wonder no one is talking…..loose lips will sink ships and in this case sink your exchange funds.
Wednesday 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 Mark and everyone.
Member: So what happened today Mark???
MZ: Information is still dry from bond contacts.
Member: How can these bond holders be under NDA and not been paid? What are they being kept quiet for?
Member: Rumor is they lose their money if they break the NDA’s….so no wonder no one is talking…..loose lips will sink ships and in this case sink your exchange funds.
MZ: Still progress in Iraq….From articles…...they are fixing the exchange rate or getting the street rate the same as the official rate. De-dollarization is going well….Its nice and reassuring but not earthshattering.
MZ: Wish I had more on the RV front.
Member: Mark what is your gut saying about the street rate on the VND when all this goes?
MZ: My gut still thinks it will be in the $2-$2.50 range. But nobody knows until we get there.
Member: When I first bought dong I was excited to get a .50 cent range.
MZ: Nader dropped a video…We knew this was coming but Iraq joined the European Bank for Reconstruction and development. (EBRD) . This is more confirmation that they are dotting their I’s and crossing their t’s.
Member: Tony and Ray said that the RV is expected to hit at midnight tonight.
Member: Frank just had bank story call in. Showed photo of cards on desks and counter saying new service foreign currency exchange!
Member: I wonder if Iraq will have to RV before they go into the BRICS???
Member: I hope and pray BRICS are forcing the reset……The US needs a big push to let things go.
Member: What exactly are we waiting on for the thing to kick off?
Member: Could be bad guys still delaying things…or Iraq not release rate yet….or any number of reasons…..I guess we pick one …sigh
Member: We have one chance to get the RV right, we must be patient. There are great reasons for the delays, we must keep trusting the plan.
Member: Good evening MarkZ. How accurate is the dinar recaps information?
Member: Recaps, Dinar Guru and Chronicles just post what others are saying from many sites…..They do not write the stuff. Just places we can get a lot of info in one place without looking at 10-15 different sites…..I sure don’t have time to hunt through all those different websites everyday…..
Member: I am starting to think we will never reach the carrot. Hard not to.
Member: Maybe that’s why I am craving carrots lately…lol
Member: Getting Ready!! We are going to wake up any morning and the switch will be hit!
Member: Have a wonderful evening everyone!!!
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’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
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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!