Iraqi Dinar Today Video Updates Monday Afternoon 3-25-24
Iraqi Dinar Today Video Updates Monday Afternoon 3-25-24
WOW Amazing Update Today CBI Green Signal IQD Reinstatement Done – 4:01
Best wishes Chase Bank Great Announcement – 4:24
Its Really Big White House Announcement📢 About Iraqi Dinar Rate – 3:13
Iraqi Dinar Today Video Updates Monday Afternoon 3-25-24
WOW Amazing Update Today CBI Green Signal IQD Reinstatement Done – 4:01
Best wishes Chase Bank Great Announcement – 4:24
Its Really Big White House Announcement📢 About Iraqi Dinar Rate – 3:13
WOW Amazing Update Today CBI Green Signal IQD Reinstatement Done – 4:01
Best wishes Chase Bank Great Announcement – 4:24
Its Really Big White House Announcement📢 About Iraqi Dinar Rate – 3:13
More News, Rumors and Opinions Monday PM 3-25-2024
KTFA:
3/24/2024 Baghdad - INA - Nassar Al-Hajj
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Sunday, the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the exchange rate of the dollar against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.
Saleh said to the Iraqi News Agency (INA): “Economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the parallel market and a decline in its illegal activities.” Legal".
KTFA:
Clare: The Prime Minister's Advisor announces the decline in the effects of the parallel market and the decline in its activity
3/24/2024 Baghdad - INA - Nassar Al-Hajj
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Sunday, the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the exchange rate of the dollar against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.
Saleh said to the Iraqi News Agency (INA): “Economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the parallel market and a decline in its illegal activities.” Legal".
He pointed out that "the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country's economic policy in its three aspects: financial, monetary and commercial," pointing out that "the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations." “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.”
He noted "the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy." In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.
He pointed out that "the demand for foreign currency for the purposes of financing the country's foreign trade, on the part of the private sector, is today backed by large foreign currency reserves, which are the highest in the country's history, reaching nearly 111 billion dollars today."
He continued, "These high foreign currency reserves reflect the country's annual trade efficiency of more than 16 months of import at least in light of the global standard for the commercial efficiency of foreign reserves, which is set at only about three months, and that the ability of these reserves to cover the exported currency is considered complete coverage in foreign exchange, which is an indicator of stability." Contains any existing or anticipated adverse price fluctuations. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Hawaiians, your bank is The Bank of Hawaii. They do exchange foreign currency right now. The people that represented us...went past the front line of defense...and got to the wealth management advisors...They did not deny the Iraqi dinar. They knew what was going on...She said, unfortunately brother at this time we are not able to assist you but as the time progresses in the future we will reach out and contact you...When the time comes we can accommodate all functions that you will need from legalities, lawyers, trust funds, foundations, if you want us to collect your property tax and report it we'll do that for you as well. She chose her words very carefully... [Post 1 of 2....stay tuned]
Frank26 She says to me, this is private banking. None of your information will be shared with anyone. It will not be seen more exposed by any of our tellers. Only people in the wealth management department will see your numbers. The people in the front are for the public. We in the wealth management are separate from them. The bank, they are the public side, we are the private side...You are the highest tier that we offer... [Post 2 of 2]
Monetary System Spiraling Out of Control, There's No Way To Turn Back: Rafi Farber
Commodity Culture: 3-23-2024
Rafi Farber can see the end game of our monetary system fast approaching, and one of the main signs is the proliferation of insane ideology in the Western world, along with out-of-control government spending and record levels of debt.
Rafi explains how to prepare for the inevitable collapse he sees ahead and why gold and silver play such an important role in bringing humanity back to honest money.
00:00 Introduction
01:21 Gold Hitting All-Time Highs
05:20 High Gold Prices and Geopolitical Chaos
09:19 Can the Powers-That-Be Stop This Train?
11:33 What About Silver?
15:54 The End Game is Absolutely Coming
18:36 Is the U.S. Economy Strong?
21:27 Misconceptions About Hyperinflation
30:29 New York Community Bank Crash
33:56 Preparing For the End Game
37:32 Separating Fact From Fiction
Inflation, Debt, and the Dollar's Fate: Peter Schiff's Economic Forecast
Inflation, Debt, and the Dollar's Fate: Peter Schiff's Economic Forecast
Wealthion: 3-20-2024
The Debt Crisis and Its Implications: Peter Schiff discusses the growth of the United States' national debt from $7 trillion to approximately $35 trillion and its consequences on the economy.
He delves into the reasons behind this increase, highlighting the role of deficit spending and the Federal Reserve's actions in keeping interest rates artificially low.
Schiff expresses concern over the sustainability of this debt accumulation and forecasts a looming financial crisis that could result from the inability to manage this debt effectively.
Inflation and Monetary Policy: The conversation covers the topic of inflation in detail, with Schiff criticizing the Federal Reserve's policies, particularly the lowering of interest rates and quantitative easing.
Inflation, Debt, and the Dollar's Fate: Peter Schiff's Economic Forecast
Wealthion: 3-20-2024
The Debt Crisis and Its Implications: Peter Schiff discusses the growth of the United States' national debt from $7 trillion to approximately $35 trillion and its consequences on the economy.
He delves into the reasons behind this increase, highlighting the role of deficit spending and the Federal Reserve's actions in keeping interest rates artificially low.
Schiff expresses concern over the sustainability of this debt accumulation and forecasts a looming financial crisis that could result from the inability to manage this debt effectively.
Inflation and Monetary Policy: The conversation covers the topic of inflation in detail, with Schiff criticizing the Federal Reserve's policies, particularly the lowering of interest rates and quantitative easing.
He argues that these measures, intended to finance government debt and stimulate the economy, have contributed to rising inflation rates.
Schiff also discusses the potential for a more significant inflationary crisis as a result of continued monetary expansion and the devaluation of the currency. Gold vs. Bitcoin Debate: A significant portion of the episode is dedicated to the debate between gold and Bitcoin as investment assets and stores of value.
Schiff, a well-known advocate for gold, outlines his skepticism towards Bitcoin, arguing that it lacks intrinsic value and is highly speculative. In contrast, he champions gold for its historical reliability as a hedge against inflation and its intrinsic value.
The discussion also touches on Schiff's perspective on Bitcoin's role in the financial system and its comparison to gold.
TIMESTAMPS:
0:00 - Introduction
0:30 - The Rate Cut Necessity
1:27 - Deep Dive into the Debt Cycle
2:40 - The Political Consequences of Debt
6:33 - Inflation's Upward Trajectory
8:19 - The Role of Technological Advancement
11:34 - Fiscal Measures and Solutions
14:39 - Trump's Economic Policies
17:33 - The Future of Entitlements and Federal Spending
23:09 - The Wealth Disparity and Inflation
27:13 - Bitcoin vs. Gold Debate
33:22 - The Antitrust Case Against Apple
36:03 - Monetizing the Debt
40:33 - The Commercial Real Estate Market
43:22 - Recession Predictions and Economic Outlook for 2024
50:42 - Bitcoin, the New Gold?
Iraqi Dinar Today Video Updates Monday Am 3-25-24
Iraqi Dinar Today Video Updates Monday Am 3-25-24
Chase Bank Announced IQD New Exchange Rate – 4:53
WOW! Wells Fargo, Citibank & WTO Congrats All Iraqi Dinar Holders Now Done – 4:19
Vietnam Dong Massive Exchange Rate Today – 4:16
Biden Makes Biggest Announcement – 3:51
Iraqi Dinar Today Video Updates Monday Am 3-25-24
Chase Bank Announced IQD New Exchange Rate – 4:53
WOW! Wells Fargo, Citibank & WTO Congrats All Iraqi Dinar Holders Now Done – 4:19
Vietnam Dong Massive Exchange Rate Today – 4:16
Biden Makes Biggest Announcement – 3:51
Chase Bank Announced IQD New Exchange Rate – 4:53
WOW! Wells Fargo, Citibank & WTO Congrats All Iraqi Dinar Holders Now Done – 4:19
Vietnam Dong Massive Exchange Rate Today – 4:16
Biden Makes Biggest Announcement – 3:51
"Tidbits From TNT" Monday 3-25-2024
TNT:
Tishwash: The decline of the dollar reduces the burden of high prices on the Iraqi citizen
The markets of the capital, Baghdad, witnessed, on Monday morning, a decline in the exchange rates of the US dollar against the Iraqi dinar.
the details:
The exchange rate of the dollar on the Kifah and Al-Harithiya stock exchanges recorded 147,400 dinars for every 100 dollars, a decrease of 1,300 dinars from the price of yesterday, Sunday.
The selling price in banking shops in local markets in Baghdad decreased to 148,500 dinars, while the purchasing price reached 146,500 dinars for every 100 dollars.
the reasons:
No official body has announced the reason for the decline in dollar exchange rates.
TNT:
Tishwash: The decline of the dollar reduces the burden of high prices on the Iraqi citizen
The markets of the capital, Baghdad, witnessed, on Monday morning, a decline in the exchange rates of the US dollar against the Iraqi dinar.
the details:
The exchange rate of the dollar on the Kifah and Al-Harithiya stock exchanges recorded 147,400 dinars for every 100 dollars, a decrease of 1,300 dinars from the price of yesterday, Sunday.
The selling price in banking shops in local markets in Baghdad decreased to 148,500 dinars, while the purchasing price reached 146,500 dinars for every 100 dollars.
the reasons:
No official body has announced the reason for the decline in dollar exchange rates.
Some sources suggested that the decline was due to an increase in the dollar supply in the market.
Other sources indicated that the decline in global oil prices may be one of the factors that led to the decline in dollar exchange rates.
Effects:
The decline in dollar exchange rates is expected to lead to a decline in the prices of imported goods.
Declining dollar prices may encourage increased investment in Iraq.
The decline in dollar exchange rates is positive news for the Iraqi economy, but it is important that steps are taken to ensure exchange rate stability in the long term. link
CandyKisses: Al-Sudani confirms the start of financing the region according to the decision of the Federal Court
Baghdad Today - Baghdad
Prime Minister Mohamed Shia Al-Sudani confirmed on Monday (March 25, 2024) the start of financing the region in accordance with the decision of the Federal Court.
The Prime Minister's Media Office said in a statement received by "Baghdad Today" that "the Sudanese received members of the House of Representatives from the Patriotic Union of Kurdistan parliamentary bloc, in the presence of the Ministers of Environment and Justice, and during the meeting , they discussed the general situation throughout the country, and the government's measures aimed at developing the economy sector, and its efforts to improve services and ensure a decent living for citizens throughout Iraq, according to the priorities included in the government program in this aspect. "
He added that "the meeting witnessed the affirmation of the need for the integration of the relationship between the executive and legislative authorities, and the importance of continuous coordination in order to legislate laws that support the work of the government and address the obstacles facing the implementation of projects, programs and plans in various sectors."
Al-Sudani pointed out, according to the statement, "the start of financing the region in accordance with the decision of the Federal Court in this regard, and the follow-up of procedures between the Federal Ministry of Finance and the Ministry of Finance in the Kurdistan Regional Government of Iraq, with regard to the localization of the salaries of the region's employees in order to continue paying them."
He continued, "It was also stressed to continue dialogues between the federal government and the Kurdistan Regional Government of Iraq on common files, and that the treatments be in accordance with what is stipulated in the constitution, and that the interest of citizens and their demands are at the forefront of the targets, and make all efforts to enhance internal stability, and push the wheel of economic and social development forward."
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Tishwash: Oil: Foreign companies wishing to work in Iraq must respect the country’s sovereignty, laws, and judicial decisions
The Ministry of Oil announced: “The most important reason for stopping the export of oil through the Turkish pipeline currently is the refusal of foreign companies operating in the Kurdistan region to officially hand over their production to the regional government,” stressing: “Foreign companies wishing to work in Iraq must respect the country’s sovereignty.” And its laws and judicial decisions, and adapt their conditions accordingly instead of interfering in sovereign affairs related to Iraq’s foreign policy.”
The ministry said in a statement in response to the statement of the Kurdistan Oil Industry Association (APIKOR): “The cessation of oil exports through the Iraqi-Turkish pipeline in March 2023 was... Because of a Turkish decision that resulted from the issuance of an international arbitration decision by the Paris Chamber of Commerce in favor of Iraq. Export did not stop - not for a single day - as a result of an Iraqi federal decision.
After more than six months and important negotiations led by this ministry with the Turkish side, the two parties reached a restart. The pipeline and the treatment of the technical problems that resulted from its closure, in the shortest possible time. The federal government is the most affected by the cessation of exports for reasons related to the sovereign oil policy and others.”
She added: “One of the most important reasons for the current cessation of exports is the refusal of foreign companies operating in the Kurdistan region of Iraq.” About officially handing over its production to the regional government to be exported in accordance with the federal general budget law in force, and this includes companies joining the association mentioned above. It is possible to resume exports in a short period if these companies deliver the oil produced from the fields located in the region in accordance with the law,”
Noting that: “The federal government and the ministry have previously made diligent efforts to overcome all obstacles to resume exports, as is evident from the content of a large number From books, official correspondence, meetings and relevant decisions over a whole year.”
She explained: “The alleged contracts between the oil companies operating in the region and the Ministry of Natural Resources in the region were not approved by the federal government nor the Federal Ministry of Oil at all, because they lack a sound constitutional and legal basis.” . This has been the position of successive federal governments and the Ministry of Oil for more than a decade. It is consistent with the decision of the Federal Supreme Court No. (59/Federal/2012 and Consolidated No. 110/Federal/2019) on 2/15/2022. There is no longer room for discussion after the Federal Court issued its final decision that is binding on all authorities, other than adherence to the decision.”
She continued that she had previously requested from the Kurdistan Regional Government and the oil companies operating in it complete copies of all the contracts mentioned above for the purpose of studying them and arriving at new contracts in accordance with the Constitution and the law. The best policies followed by this ministry are with major international companies, but the required contracts have not yet been delivered. So how can this ministry be asked to abide by contracts that it has not seen and does not recognize, and which are in principle contrary to clear and binding judicial decisions?
The Ministry of Oil explained: “The Iraqi government has previously received, at the highest levels, representatives of oil companies operating in the region as a gesture of good faith with the aim of finding acceptable legal solutions. The Ministry has also previously invited those companies to negotiating meetings for the purpose of finding fair solutions, and has initiated judicial procedures.” The ongoing attacks against the aforementioned companies for the purpose of giving space for consensual solutions, but the companies’ position remained without flexibility or change.”
The Ministry concluded by saying: “The aforementioned association statement included blatant interference in internal and external Iraqi sovereign affairs that have nothing to do with the work of companies, and that this records an additional violation against the aforementioned association and the companies it represents, and is not consistent with the principles of good faith and the principles of foreign investment work,”
Stressing that Under the guidance of the government, it is committed to making all possible efforts to resolve the differences and resume exports through the Iraqi-Turkish pipeline in a manner consistent with the constitution and the law. Foreign companies wishing to work in Iraq must respect the country’s sovereignty, laws, and judicial decisions, and adapt their conditions accordingly, instead of interfering in sovereign affairs related to Iraq’s foreign policy.” link
Mot: ... UH OH!!!!
Mot: ........ Be Sure and Plan Ahead... Get Ur Yearly supply!!!
"Coffee With MarkZ" Monday Morning Chat 3-25-2024
PDK Note: When Mark says there is no RV news-obviously I do not do notes……I will only transcribe RV Related or Intel with Financial relevance. Thanks for understandng.
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 Markz and Everyone
Member: I feel like it’s been Ground Hog Day for way too long. I’m wearing down !
Member: Mark, Why is this taking so long to RV?
MZ: We may have to admit to ourselves it’s just us waiting… makes it seems so long.
Member: I heard they froze money in Iraq last Friday. Waiting for REER. They decided against slow float
PDK Note: When Mark says there is no RV news-obviously I do not do notes……I will only transcribe RV Related or Intel with Financial relevance. Thanks for understandng.
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 Markz and Everyone
Member: I feel like it’s been Ground Hog Day for way too long. I’m wearing down !
Member: Mark, Why is this taking so long to RV?
MZ: We may have to admit to ourselves it’s just us waiting… makes it seems so long.
Member: I heard they froze money in Iraq last Friday. Waiting for REER. They decided against slow float
Member: I believe Frank and MM ….no basket at this time Iraq alone the rest trickle out later
MZ: I wonder how many more people are thinking that way?
MZ: MilitiaMan did another great video based on what you can see and touch in the news. Be sure to go listen and like and share.
Member: Sudani is supposed to be in the US on April 15th
Member: We could get REER before 15th. Iraq already sent people over last week
MZ: Personally I think Sudani may be here for a “victory lap” after we have already started doing out exchange.
Member: Sudani told his people a major announcement from him during Ramadan???
Member: If Iraq goes alone will we be able to buy more currencies?
Member: I believe we will
MZ: I am still 99 % sure they will all go together.
Member: Kim Clement talked about the Dinar and a sudden change. If a basket of currencies changed, I believe God would have told him about a change in several currencies
Member: My thoughts on if IRAQ goes alone, then I'm cashing my IQD and buying a poop ton of VND cuz I will know it's real.
MZ: There is some fun stuff coming from sources over the weekend. Bond contacts really lit up overnight/and over the weekend. One of my contacts that “lit up” after going quiet said they very much expect things by mid-week this week. They believe they will actually be walking away from the table with spendable money. People who have not been excited for quite awhile are now excited.
MZ: One of my sources refuse to go dark until he has money in hand…..so I will tell you if he goes dark this week.
MZ: I am also hearing similar things from my banking side. Because the historic bonds are getting positive chatter again….makes me feel it will all be going…and not just the dinar. If it was just Iraq- it would not affect the historic bonds. Because the bond folks are excited it looks like it is a bigger event.
Member: MarkZ so just a refresher bonds were supposed to get a certain percentage in fiat then the shift occurs and the rest is funded in gold back!!!?? Right
MZ: Yes they are supposed to get between 1%-10% in fiat. Then the reset……Then the balance in gold/asset backed money.
Member: What is different this time with your source? Did he say?
Member: I wish we knew how long after the bond people receive theirs will we go?
Member: Mark, what are your thoughts on how the paying out of different tiers will be spaced out? What HAS to go first, if any?
MZ: We in tier 4 are supposed to go immediately following bonds. We have always been told that historic bond go first with 1%….then sovereigns, Indian nations, large church groups….. ect …then bond folks get their remaining 9% fiat….then BAM we all start making our appointments. At the same time SKR folks have gotten their payouts. I understand that the whole process should only be a week long and that the very first things we should see is bond folks getting dollars.
MZ: I am just blown away to get this much news on a Monday morning. They are usually so quiet.
Member: Monday's news starts slow almost always, so this is very positive
MZ: “ Federal agency issues a severe geomagnetic storm alert” It started yesterday …should give us an idea how vulnerable our communications and electronic connections are around the world.
Member: Anything new on rates?
MZ: Nothing new….still the same rates I have been hearing for quite awhile.
Member: We are still waiting for the markets to crash and new USN asset backed currency to come out.
Member: Even the MSM has used the term “Black Swan Event” recently. Charlie Ward says the event is the financial crash.
Member: Rumor alert: Ok Reno has started. Whales are getting calls to go to Reno. They have signed all contracts. Get ready God bless Wolverine
Member: Many banks reported there are new notes in the vaults that they are not allowed to distribute yet. Hoping they are the rainbow currency we are waiting for.
Member: I asked my banker if he knew about the QFS and the changes coming and he paused and said yes there are changes coming, and then he said that 'I' probably know more then he does...lol
Member: I was at Chase bank last week the teller indicated they were showing IQD on their screens and then said what is the other one I said VND she said yes it’s not showing yet. It is going to happen soon.
Member: Positive news today… let’s hope and pray we are at the end of this roller coaster
Member: Hope everyone has a great day today!
StacieZ joins the stream today. Please listen to replay for her information.
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
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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.
Iraqi Dinar Video Update Monday AM 3-25-24
Iraqi Dinar Video Update Monday AM 3-25-24
This is Big News Coming Out From Iraq – 4:47
Dong Huge New Latest Update – 4:09
Iraqi Dinar Video Update Monday AM 3-25-24
This is Big News Coming Out From Iraq – 4:47
Dong Huge New Latest Update – 4:09
This is Big News Coming Out From Iraq – 4:47
Dong Huge New Latest Update – 4:09
News, Rumors and Opinions Monday AM 3-25-2024
KTFA:
Frank26: "SALVATION FOR THE BANKS OF IRAQ IS... THE NEW EXCHANGE RATE"......F26
The upcoming meeting between Baghdad and Washington... hopes for quick solutions to save the banking sector from collapse
3/24/2024 Samir Al-Nusair
The White House announced that the anticipated and important visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America and the meeting with the American administration has been set for next April 15.
Makes it very important, in this critical and complex stage that Iraq is going through, that the agenda include meetings and negotiations with the leaders of the American administration, the Treasury Department, and the Federal Reserve, to determine the next and clear paths for bilateral economic relations between the two friendly countries, which have broad relations in all fields and the topics of the visit?
KTFA:
Frank26: "SALVATION FOR THE BANKS OF IRAQ IS... THE NEW EXCHANGE RATE"......F26
The upcoming meeting between Baghdad and Washington... hopes for quick solutions to save the banking sector from collapse
3/24/2024 Samir Al-Nusair
The White House announced that the anticipated and important visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America and the meeting with the American administration has been set for next April 15.
Makes it very important, in this critical and complex stage that Iraq is going through, that the agenda include meetings and negotiations with the leaders of the American administration, the Treasury Department, and the Federal Reserve, to determine the next and clear paths for bilateral economic relations between the two friendly countries, which have broad relations in all fields and the topics of the visit?
We believe that one of the important files that will be included in the discussions and negotiations, with the participation of the Central Bank and the Association of Iraqi Private Banks, is the issue of financial and banking reform, (FINANCIAL MECHANISM BANKING REFORM -F26) protecting the Iraqi banking sector from collapse after the issuance of sanctions and restrictions by depriving 50% of the total private banking sector from dealing in the US dollar, which is the main foreign currency for banking and commercial transactions.
In Iraq and international banking relations for a long time, they must be informed by the American administration and the Ministry of A that continuing to deal with the Iraqi banking system in this exclusionary manner and without explaining the real reasons for the sanctions, which date back to activities of previous years, and that the American officials who issued the sanctions on 28 Iraqi private banks praise the safety of transfers.
Foreign Affairs for the purposes of covering private sector imports in 2023 since the implementation of the electronic platform.
This means that the government and the Central Bank are proceeding in coordination and in great cooperation with the US Treasury and the global financial system in accordance with the banking and financial reform strategy adopted by the government in the governmental curriculum and with high discipline in accordance with international standards for combating money laundering and terrorist financing.
These efforts have actually borne fruit in achieving fruitful economic results after the agreements with the American Bank, the US Federal Reserve and some reputable international banks in 2023 and their approval as correspondent banks for some of our banks, and more than 40 accounts were opened for them in these banks.
Therefore, we believe that the inputs and outputs of this important visit must convince the American side to reconsider the sanctions imposed, especially since all the sanctioned banks are currently subject to audit by K2 International, and this confirms the good faith of the banks that the reasons for the deprivation of dealing in the US dollar were not serious errors and can be overcome if they exist. With joint cooperation between the two parties.
The importance of restoring activity and protecting the private banking system and ensuring the results of its work through the electronic platform for the year 2023, which has confirmed its safety and transparency, and I believe that not reaching quick solutions to this issue will lead to confusion in the commercial and banking market and will affect ration card supplies, which are the primary food source for a large segment of the population.
The Iraqi people, the weakening of the plans and procedures of the Central Bank and the government in financial and banking reform, the lack of control over the stability of the exchange rate of the Iraqi dinar, and the damage to the national economy, which World Bank reports confirm that the economy moved during the Sudanese government from fragility to recovery.
The continued sponsorship and support of the United States of America for Iraq as a friendly country requires it to protect the Iraqi economy and the banking sector from collapse in these difficult circumstances that Iraq, the regional countries and the world are going through. We hope that the discussions on the banking file in Washington will result in its return to practicing all its local and international banking activities. (THE INTERNATIONAL WORLD WELCOMES THE IRAQI BANKING REFORMS!!! -F26) LINK
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Frank26: "WE TOLD YOU IRAQ'S RESOURCES & FUTURES ARE ASTRONOMICAL!!!"...........F26
Natural resources in Iraq...a huge treasure neglected by an “official decision”!
3/24/2024
Economic researcher, Ziyad Al-Hashimi, confirmed that (mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, as unfair government decisions deprived Iraq of huge billion-dollar revenues and global market shares.
Al-Hashemi said in a blog post on the “X” platform, followed by “ Jarida ”, that “(mismanagement of Iraq’s natural resources) and unfair government decisions have deprived Iraq of huge billion-dollar revenues and global market shares, as Iraq is ranked ninth in the world in terms of size.” It has natural resources within its territory, such as oil, natural gas, phosphate, sulfur, and other minerals.
He added, “Estimations indicate that the value of Iraqi natural resources reaches up to 16 trillion dollars, (AND THE VALUE OF THE IRAQI DINAR IS BACKED UP BY THIS!!! -F26) and this puts Iraq in a distinguished position among the countries of the world rich in natural resources, and despite these enormous wealth, there is official Iraqi negligence to invest in expanding exploration, extraction, production and export.” Many of these resources are natural, as the government’s focus is exclusively on oil.”
He explained, “For example, we find that there is deliberate neglect of the Iraqi phosphate sector (by official decision and for unknown reasons) despite Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.”
He stressed, “(Mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, and it does not appear that there are any official Iraqi efforts to overcome the mistakes that caused billions in losses for this country and its economy, and until the Iraqi government wakes up from its slumber and begins to work diligently and effectively.” Iraq will continue to lose opportunities, shares, and money to other countries, which have greatly benefited from the absence of Iraq and its exports of natural resources from the global market. LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Talked to bank friend. He told me it seems to be the quiet time but soon news on the amending budget will appear...Nothing will get done, so it's going to be soon. The dropping of the zeros is off the exchange rate...We were told on TV that during next week the 2024 amended budget will arrive at parliament for their vote. FRANK: Stay very close to your friend because at any moment IMO I believe he'll be able to give you what you're looking for, what they promised you.
Jeff Parliament can only approve the budget after the rate officially changes. The rate has to officially change before parliament can approve it...
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MARKETS A LOOK AHEAD... This Is Going To End VERY, VERY, Badly.
Greg Mannarino: 3-24-2024
MilitiaMan: IQD Update - Iraqi Dinar - Al-Sudani - Faud Hussein - Taif Sami - Iraq's Executive Ministry Team
IQD Update - Iraqi Dinar - Al-Sudani - Faud Hussein - Taif Sami - Iraq's Executive Ministry Team
MilitiaMan and Crew: 3-24-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
IQD Update - Iraqi Dinar - Al-Sudani - Faud Hussein - Taif Sami - Iraq's Executive Ministry Team
MilitiaMan and Crew: 3-24-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar Video Update Late Sunday Evening 3-24-24
Iraqi Dinar Video Update Late Sunday Evening 3-24-24
Congrats Wells Fargo Iraqi Dinar RV Done – 3:22
They Are Going To Change Now – 3:51
WOW Chase Bank Announce foreign Currency exchange rate – 3:32
Iraqi Dinar Video Update Late Sunday Evening 3-24-24
Congrats Wells Fargo Iraqi Dinar RV Done – 3:22
They Are Going To Change Now – 3:51
WOW Chase Bank Announce foreign Currency exchange rate – 3:32
Congrats Wells Fargo Iraqi Dinar RV Done – 3:22
They Are Going To Change Now – 3:51
WOW Chase Bank Announce foreign Currency exchange rate – 3:32
Iraq Economic News and Points to Ponder Sunday Evening 3-23-24
Iraq Economic News and Points to Ponder Sunday Evening 3-23-24
Tlm724 Administrator Bondlady’s Corner
Central Bank: Relentless Efforts To Support Prices And Reduce The Dollar Selling Gap
The first 03/24/2024 Baghdad: Rula Watheq seeks to provide support to achieve stability in the general level of prices and reduce the gap between the official dollar exchange rate and the parallel market, while indicating that weak financing has led to the difficulty of citizens obtaining loans through the housing initiative.
The bank’s deputy governor, Dr. Ammar Hamad Khalaf, told “Al-Sabah”: The bank continues to provide dollars to banks and individuals at an amount of $3,000 per traveler during one month, indicating that there are other channels for citizens who need foreign currency, by providing electronic payment cards, which are available.
Any citizen can obtain them if the appropriate conditions are met, and therefore these cards can be used for travel or any service from abroad at the official exchange rate.
Iraq Economic News and Points to Ponder Sunday Evening 3-23-24
Tlm724 Administrator Bondlady’s Corner
Central Bank: Relentless Efforts To Support Prices And Reduce The Dollar Selling Gap
The first 03/24/2024 Baghdad: Rula Watheq seeks to provide support to achieve stability in the general level of prices and reduce the gap between the official dollar exchange rate and the parallel market, while indicating that weak financing has led to the difficulty of citizens obtaining loans through the housing initiative.
The bank’s deputy governor, Dr. Ammar Hamad Khalaf, told “Al-Sabah”: The bank continues to provide dollars to banks and individuals at an amount of $3,000 per traveler during one month, indicating that there are other channels for citizens who need foreign currency, by providing electronic payment cards, which are available.
Any citizen can obtain them if the appropriate conditions are met, and therefore these cards can be used for travel or any service from abroad at the official exchange rate.
He explained that Iraq has large reserves exceeding 100 billion dollars and the ability to provide foreign currency to any beneficiary within the country, whether a citizen or a company, and all of these are sources of power possessed by the Central Bank, adding that the gap occurring in the market at the present time is due to the exchange rate of speculators and the request to finance illegal transactions.
Khalaf explained that the dollar is available at the official exchange rate for official transactions, to a very large extent, and with tools through external financing or electronic payment tools provided by the Central Bank, stressing that reducing the Central Bank’s initiative for housing loans has led to the difficulty of citizens obtaining them.
He pointed out that the Central Bank had previously reduced the amounts for its housing initiative in accordance with its policy because it controls the monetary supply, as it is an initiative for a specific period and not continuous, adding that it is the duty of banks to mobilize individuals’ savings and provide financing for them to purchase housing units or other needs of citizens.
Khalaf noted the need to focus on banks that play their role as financial intermediaries between savers and borrowers, noting that there is difficulty in obtaining initiative funds from citizens due to the large demand on their part to purchase housing units as a result of the shortage in them, offset by limited allocations in this area. https://alsabaah.iq/93923-.html
Iraq And Kuwait Are Discussing Enhancing Trade Exchange And Encouraging Investment
Economy | 03/24/2024 Mawazine News – Baghdad The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, and the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, discussed today, Sunday, mechanisms for enhancing trade exchange and encouraging investment between the two countries.
The media office of the Acting Speaker of the House of Representatives stated in a statement received by Mawazine News: “The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, discussed, during his meeting in his office today, the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, the overall situation in the two countries, the latest regional developments, and a number of... Files of mutual interest.
He added, "The meeting discussed enhancing trade exchange between the two brotherly countries, establishing a free market to stimulate this sector, and stressing the need to work hard to encourage investment within sustainability standards, in addition to continuing to hold joint committee meetings and exchanging visits between officials of the two countries to resolve some outstanding issues, in addition to exchanging Security information to reduce the threat of terrorism and the spread of drugs.
He continued, "During the meeting, there was also talk about the Kuwaiti National Assembly elections scheduled to be held early next month."
Al-Mandalawi expressed his “wishes for Kuwait’s success in this important achievement, and continued progress and prosperity in various fields.” https://www.mawazin.net/Details.aspx?jimare=244474
Parliament Votes On The Draft Law On The Fourth Amendment To The Industrial Investment Law
Economy | 03/24/2024 Mawazine News – Baghdad The House of Representatives voted, today, Sunday, on the draft law on the fourth amendment to the Industrial Investment Law.
A Mawazine News correspondent said, “The House of Representatives voted on the draft law on the fourth amendment to the Industrial Investment Law for the Private and Mixed Sectors No. (20) of 1998.”
https://www.mawazin.net/Details.aspx?jimare=244480
Automation And Strong Internet...A Necessity For Reforming The Banking System
The first 03/24/2024 Baghdad: Hoda Al-Azzawi The Finance Committee of the House of Representatives is conducting a very important investigation into the existence of fraudulent deductions from retirees’ salaries by informal associations, while experts in finance and economics unanimously agree on the necessity of a rapid move towards automating banking operations and preparing their infrastructure in terms of strengthening the global network “the Internet.”
“As a necessity to reform the banking system. The Rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, in an interview with Al-Sabah, praised “the steps of the Parliamentary Finance Committee to follow up and monitor the banking system and electronic dealings,” and added, “But I believe that the issue needs other steps to prepare the infrastructure and emphasize restoring confidence.” Citizen in Iraqi banks.
He stressed that "the banking sector in general needs radical reform and restructuring of the large number of unnecessary private banks that are not doing their proper banking work," calling for "keeping the real banks that are doing their work and supporting them and providing facilities to them."
He pointed out that "the other point is the emphasis on the issue of the Internet, because electronic dealing is completely linked to the presence of a strong Internet in order for electronic dealing to take place," stressing that "the citizen - until now - does not trust putting his money in banks, and the process needs to build confidence among the citizen and those...
Then raise awareness and work to achieve or implement financial inclusion for the citizen by delivering banking services easily to him, starting with the category of employees, retirees, care salary holders, or others, and then moving to other categories.”
He stressed that "the Financial Committee's follow-up of violations and transgressions to steal retirees' funds is a very important step."
As for the expert in the field of anti-corruption, Saeed Yassin Moussa, he said in an interview with “Al-Sabah”:
“The system for paying the salaries of employees and retirees needs periodic review, and one of the best ways is to adopt automation and use smart cards to pay and settle salaries, fees, and other financial activities, including commercial ones.” Pointing out that "forgery is expected in paper processes before salaries enter the electronic system.
An example of this is what happened in Anbar, the Martyrs Foundation there, and the Retirement Authority departments in the governorates."
He explained, “The National Retirement Authority has an excellent experience in preparing the infrastructure for the retirement referral system, which begins electronically from institutions through the presence of the Authority’s teams in ministries and public institutions in preparing pension transactions for employees, with the employee referred for retirement being given a review card to complete the retirement transaction at the Retirement Authority.” the public".
Moussa stated that “in these aforementioned steps, the possibility of forgery operations is very narrow and even non-existent, but the defect lies in the transactions of the wounded and martyrs through the forgery operations that were discovered by the Integrity Commission in cooperation with the Public Retirement Service, and I deem it necessary to subject all those who They were referred to retirement from this category for review and scrutiny, knowing that forgery operations are carried out through multiple mafias with the complicity of some employees in the relevant departments and forging the signatures of other employees.”
He added, "The process of fraud on smart cards remains.
Here, it is necessary to protect the electronic system from hacking, review the banking system, and preserve the confidentiality of the retiree (private code), while subjecting the relevant associations to periodic auditing, and deterring those who attempt to seize the funds of employees and retirees in loan and advance operations." And sale in installments.
Last week, the Chairman of the Finance Committee, Atwan Al-Atwani, hosted, along with the committee members, the Director General of Rafidain Bank, Ali Karim, and the Managing Director of the International Smart Card Company, to discuss electronic transactions.
A statement from the committee indicated that “the meeting discussed the issue of dealing with (unlicensed) associations, installment sales operations, and receiving advances, and the emphasis on preventing any tampering in the sales process, verifying the information of the advance applicant, and protecting customers’ money from fraud.” https://alsabaah.iq/93927-.html
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