Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Zimbabwe and Iraq News Posted by TNT Members 4-17-2024

TNT:

Harambe:  IMF ready to work with Zimbabwe | PE News 4-17-24

 International Monetary Fund (IMF) managing director Ms Kristalina Georgieva yesterday said they remain committed to working with Zimbabwe to ensure economic stability and the success of the re-engagement with the international community.

She said this in a post on X after participating in a discussion on Zimbabwe’s economic developments and update on the arrears clearance and debt resolution process in Washington DC ahead of the IMF-World Bank Spring Meetings that start today, ending Friday.

“Productive discussion at the Zimbabwe roundtable with donor partners,” she said.

The IMF stands ready to work with the Zimbabwean authorities to restore macroeconomic stability and re-engage with the international community, which are essential for accessing external financing.”

TNT:

Harambe:  IMF ready to work with Zimbabwe | PE News 4-17-24

 International Monetary Fund (IMF) managing director Ms Kristalina Georgieva yesterday said they remain committed to working with Zimbabwe to ensure economic stability and the success of the re-engagement with the international community.

She said this in a post on X after participating in a discussion on Zimbabwe’s economic developments and update on the arrears clearance and debt resolution process in Washington DC ahead of the IMF-World Bank Spring Meetings that start today, ending Friday.

“Productive discussion at the Zimbabwe roundtable with donor partners,” she said.

The IMF stands ready to work with the Zimbabwean authorities to restore macroeconomic stability and re-engage with the international community, which are essential for accessing external financing.”

The roundtable was attended by a number of top officials, including African Development Bank (AfDB) president Dr Akinwumi Adesina, who is also the champion of Zimbabwe’s Arrears Clearance and Debt Resolution process and former Mozambique President Joachim Chissano, who is the high-level facilitator of the process.

In his address, Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube said Zimbabwe’s total public and publicly guaranteed debt stock is estimated at US$21,1 billion, comprising external debt of US$13 billion and domestic debt of US$8,1 billion.

“Zimbabwe is currently in debt distress due to the accumulation of external debt payment arrears amounting to US$6,7 billion,” said Prof Ncube.

The external debt overhang is weighing heavily on the country’s development needs due to lack of access to international financial resources to finance Zimbabwe’s economic recovery and priority projects and programmes, under the National Development Strategy 1: (2021-2025) (NDS1).”

In December 2022, Government established a Structured Dialogue Platform as part of it’s Arrears Clearance, Debt Relief and Resolution Strategy, with all creditors and development partners in order to institutionalise structured dialogue on economic and governance reforms to underpin the Arrears Clearance and Debt Resolution process.

Prof Ncube told delegates that since then, there has been commendable progress with the Structured Dialogue Platform, with growing consensus and confidence in the process, promoted by a transparent and inclusive consultative process.

Since December 2022, five Structured Dialogue Platform meetings were held in Harare, including a High-Level Debt Resolution Forum.

Prof Ncube said the meetings have been focusing on the following strategic three pillars; economic growth and stability reforms; governance reforms; and land tenure reforms, compensation of former farm owners and the resolution of Bilateral Investment Protection and Promotion Agreements (BIPPAs).

Prof Ncube said as a sign of commitment to the engagement and re-engagement process, Government was making quarterly token payments to International Financial Institutions.

The World Bank Group has received US$1 million, taking cumulative payments made to date to US$70 million.

The AfDB Group has received US$500 000, taking cumulative payments to date US$37,4 million, while the European Investment Bank has received US$100 000, taking the cumulative payments made so far to US$5,6 million.

“Government is also making quarterly token payments of US$100 000 to each of the 16 Paris Club bilateral creditors (cumulative token payments made to date are US$12,7 million,” said Prof Ncube.

Turning to the economy, he said Zimbabwe has successfully implemented an IMF Staff Monitored Programme, established a competitive foreign exchange rate regime, ended quasi-fiscal operations at the central bank, brought macroeconomic stability, tight monetary policy and sound fiscal management and ensured availability of social protection for all, among others.

Prof Ncube said negotiations were underway for a broad Staff Monitored Programme framework, adding that the programme is “critical for Government to establish a track record of policy implementation and pave the way for Arrears Clearance and Debt Resolution, including an IMF financial arrangement”.

In terms of the food situation, he said developments during the first three months suggest a difficult year ahead owing to a severe drought attributed to EI-Nino, with serious implications on the agriculture and energy sectors, as well as the rest of the economy.

Prof Ncube said Zimbabwe has already declared the drought a National Disaster and is seeking support of the international community, including from the World Bank and the AfDB, among others.

https://positiveeyenews.co.zw/2024/04/17/imf-ready-to-work-with-zimbabwe/

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

Tishwash: Al-Sudani stresses the necessity of dialogue with the US Treasury, the Federal Bank, and the International Monetary Fund

Shafaq News/ The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, stressed on Wednesday the necessity of continuing the dialogue with the US Treasury, the Federal Reserve, and the International Monetary Fund.

This came while Al-Sudani received, at his residence in the American capital, Washington, the Chairman of JP Morgan Bank, Masha Klovksi, and his accompanying delegation, according to a statement received by Shafaq News Agency.

The meeting witnessed a discussion of the Iraqi government’s efforts to implement financial and banking reforms, in light of the path it is taking towards improving the economic reality and achieving development, as well as discussing the government’s measures in developing the government banking sector, through its contracts with major international consulting companies specialized in banking reform and encouraging banks. To open accounts with foreign banks; To be correspondent banks, according to a plan aimed at dispensing with the electronic platform at the end of this year.

Al-Sudani stressed that it is not possible to work in any development sector without reform steps for the banking sector, stressing the need to continue dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions.

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

CandyKisses:  Political praise for Sudanese’s visit to Washington: It will improve the atmosphere and improve relations

Mawazine News - Baghdad,

A researcher in political affairs, Atheer Al-Sharaa, today, Wednesday, praised the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, pointing out that this visit will improve the atmosphere and improve relations between the two countries.

Al-Sharaa said in an interview with Mawazine News: "This visit is a ray of hope and a glimmer of success that is relied upon by rational people inside and outside Iraq, and that it will turn the political situation upside down."

Al-Sharaa condemned, "Some politicians obstructing the government's steps, considering these actions to stop the process of government success that is to be achieved."

He stressed that “foreign policies are working seriously to improve and improve the type of relationship between them and America and neighboring countries, indicating that America considers that it was the one who liberated Iraq, noting that “there is a media trying to put an end to the American presence in the country.”

He continued, “There must be a necessity Dealing with the United States and its allies from other countries according to the priority of the national interest, forgetting all other considerations, pointing out that this visit will succeed according to the agenda and will improve the type of relationship between Baghdad and Washington, considering the birth of a new phase.”

Tishwash:  Parliament welcomes American support for Iraqi banks by dealing directly with international banks

Today, Wednesday, the Parliamentary Finance Committee welcomed American support for Iraqi banks licensed to deal directly with international banks.

Committee Chairman Atwan Al-Atwani said in a statement received by Al-Rabaa: “We are following with great satisfaction the results of the discussions of the Iraqi delegation currently visiting Washington, headed by Prime Minister Muhammad Shiaa Al-Sudani,” stressing “full support for the positive understandings that resulted from Al-Sudani’s meeting with the American President within the framework of the transformation in the relationship.” "Between the two countries, from the security and military aspects to the areas of development, reconstruction, economy and investment."

He added, "We welcome the US President's announcement of the United States of America's commitment to supporting Iraq to reform and develop its financial and banking system and paving the way for licensed Iraqi banks to deal directly with accredited international correspondent banks, in a way that contributes to linking Iraq to the international economic system."

He continued, "We are all confident and proud of the Iraqi negotiating delegation, and we hope that these discussions will be a new beginning to achieve a true partnership between the two countries in various political, security and economic fields in a way that achieves well-being, prosperity and stability for our country."  link

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

Tishwash:  Al-Sudani receives in Washington the Chairman of JPMorgan

On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani stressed the necessity of carrying out reforms in the banking sector in order to achieve development in the country, while pointing out that the government is implementing projects that will achieve sustainable development.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani received, at his residence in the American capital, Washington, the President of JPMorgan Bank, Mr. Masha Klovoksy, and his accompanying delegation, and during the meeting, the government’s efforts in implementing financial and banking reforms were discussed.”

 In light of the path it is taking towards improving the economic situation and achieving development, in addition to discussing the government’s measures to develop the government banking sector, through its contracts with major international consulting companies specialized in banking reform, and encouraging private banks to open accounts with foreign banks to be correspondent banks, according to A plan aims to dispense with the electronic platform at the end of this year.”

Al-Sudani stressed, according to the statement, that “it is possible to work in any development sector without reform steps for the banking sector, and the need to continue dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions.”

For his part, Klovsky praised "the efforts of the Iraqi government to activate, develop and rehabilitate government and private banks, and its procedures in the field of providing assistance to private Iraqi banks," stressing "its support for the activities of the Iraq Fund for Development and its readiness to provide expertise and assistance in the field of training, cooperation and partnership  link 

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

MarkZ and Rod Steele Wednesday Evening Chat 4-17-2024

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  RV family

Member: Have you heard the rumors that Brazil has already started exchanging?

MZ: I can find zero evidence that Brazil has actually started. And I looked in depth from many contacts.

Member: Do you think  the Bolivar is still a Dark Horse?

MZ: I still think the Bolivar is a good, dark horse…..in a positive way.

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  RV family

Member: Have you heard the rumors that Brazil has already started exchanging?

MZ: I can find zero evidence that Brazil has actually started. And I looked in depth from many contacts.

Member: Do you think  the Bolivar is still a Dark Horse?

MZ: I still think the Bolivar is a good, dark horse…..in a positive way.

Rod Steele calls into the show…………

MZ: Hey Rod…….Welcome. Do you have anything positive you could share right now?

RS: It has been fairly quiet today. Sudani has been in the US since Saturday and he met with

Biden for an hour on Monday .  Everything is now formally agreed too….Iraq is telling the people it is done and coming. (RV?)

RS: The ABC agencies are saying to look for it between now and the rest of the week. The banks are hoping it will be tonight or in the morning. I think they are a little bit ahead of the game though.  Logically and realistically I think it will be next week because all the key Iraqi ministers and officers are here in the US. I think they will wait until they are back on Iraqi soil.

RS: All the agreements being activated are about the Iraqi economy. There has never been this big a delegation from Iraq over here before…..and so many partnership agreements being signed at one time.

RS: They are also visiting in Michigan and Houston where Iraqi populations and Iraqi banks are. Also Bush Sr. arranged for the Iraqi CBI servers to be located in Houston. I do not believe we will be leaving Iraq any time soon.

RS: The US banks are ready….all the staff is in place.   All sounds very positive and silence these days is golden for sure

MZ: That is similar to what I am hearing…just trying to pin down timing.

RS: I hear they are putting up big screen TV’s all over Baghdad and other parts of Iraq for some big announcement when they get back. We don’t know what that announcement is….but, I can guess.

RS:  I hear that they do not have all of tier 3 completed yet…..CMKX, PP’s, farm claims ect…are all supposed to go ahead of currencies. I have now been told they now just want to blast it all out at one time. I am getting mixed stories.

MZ: I am hearing the same things. But I also hear they want bonds at about 30% complete. Right now I am hearing a lot of clamming up with bond contacts. 2 more have now disappeared. It’s starting to drive me nuts.  

MZ: But, they are doing their best to keep things moving and private….so the quiet is a good thing. We need to find peace in the quiet we are experiencing. I know that is not easy

MZ: “BRICS-Here’s why the alliance and several countries reject the dollar”   This is good one on background

Member: Thanks so much Mark and Rod Steele….Very encouraging.

Member: Mark! Don’t have the appropriate words of appreciation for what you do for us!! Thanks

Mod: MILITIA MAN WILL BE JOINING MARK TOMORROW MORNING.

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

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

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

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

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

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

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

Whiskey and Wisdom is tonight at 800 PM est.

https://www.youtube.com/watch?v=KK6480_tFkA

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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8

Iraqi Dinar Video Update Wednesday Afternoon 4-17-24

Iraqi Dinar Video Update Wednesday Afternoon 4-17-24

Potential Revaluation of iqd dinar – 3:05

Iraqi Dinar Exchange Rate Today April 17 – 3:02

The heart of Iraq's economic landscape – 2:44

Iraqi Dinar Video Update Wednesday Afternoon 4-17-24

Potential Revaluation of iqd dinar – 3:05

Iraqi Dinar Exchange Rate Today April 17 – 3:02

The heart of Iraq's economic landscape – 2:44

 Potential Revaluation of iqd dinar – 3:05

https://www.youtube.com/watch?v=dgmkR7QwPGM

Iraqi Dinar Exchange Rate Today April 17 – 3:02

https://www.youtube.com/watch?v=91Joz5f7Lfg

The heart of Iraq's economic landscape – 2:04

https://www.youtube.com/watch?v=cY1qR9MQIxQ

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points to Ponder Wednesday Afternoon 4-17-24

Iraq Economic News and Points to Ponder Wednesday Afternoon 4-17-24

Tlm724 Administrator Bondlady’s Corner

After 21 Years Of The Dollar Auction... Iraq Is Close To Closing The Window Amid Reassurances And Warnings
 
Time: 04/16/2024 14:08:28 Read: 12,259 times {Reports: Al-Furat News} Report: Ammar Al-Masoudi
 
Iraq is approaching the end of the closure of the dollar selling window at the Central Bank - which has been controversial - over the past two decades.
 
The Central Bank's management plans to
 
     gradually cancel the dollar auction during the year 2024, leading to its complete cancellation by the end of the year, and to
 
     maintain it for audit and statistical purposes,
 
in an effort to enable Iraqi banks to establish and establish solid banking relationships with the global and regional banking sector in order to achieve the sobriety of the Iraqi banking sector and full commitment. According to international standards and requirements.

Iraq Economic News and Points to Ponder Wednesday Afternoon 4-17-24

Tlm724 Administrator Bondlady’s Corner

After 21 Years Of The Dollar Auction... Iraq Is Close To Closing The Window Amid Reassurances And Warnings
 
Time: 04/16/2024 14:08:28 Read: 12,259 times {Reports: Al-Furat News} Report: Ammar Al-Masoudi
 
Iraq is approaching the end of the closure of the dollar selling window at the Central Bank - which has been controversial - over the past two decades.
 
The Central Bank's management plans to
 
     gradually cancel the dollar auction during the year 2024, leading to its complete cancellation by the end of the year, and to
 
     maintain it for audit and statistical purposes,
 
in an effort to enable Iraqi banks to establish and establish solid banking relationships with the global and regional banking sector in order to achieve the sobriety of the Iraqi banking sector and full commitment. According to international standards and requirements.

Iraq relies on the platform for selling currency directly to local banks and companies, which was previously known as the daily dollar auction, as one of the mechanisms for preserving the value of the Iraqi dinar and combating speculative operations in the parallel market.
 
The visit of Prime Minister Muhammad Shia Al-Sudani to Washington provided a strong impetus in closing the Central Bank window and moving towards direct commercial banking transactions
 
According to the joint statement of the Iraqi-American discussions headed by Al-Sudani and President Joe Biden,
 
the latter “discussed Iraq’s advanced efforts to reform the financial and banking sectors, which help link Iraq to the international economy and increase trade while protecting the Iraqi people from the harmful effects of corruption and money laundering, and
 
what was achieved during the years 2023 and 2024.” “With banks in Iraq expanding (correspondent relationships) with international financial institutions to enable trade financing.”  The statement notes that
 
"the majority of trade financing operations are now carried out through these channels."
 
Iraq and the United States pledged their commitment to "strengthen their cooperation to achieve greater transparency and cooperation against money laundering, terrorist financing, fraud, corruption, and sanctioned activities that could undermine the integrity of the financial systems in both countries."
 
The two countries expressed their commitment "to support the Central Bank of  Iraq in ending the electronic auction platform for international financial transfers by the end of 2024, through direct dealing between licensed banks in Iraq and approved global correspondent banks, to achieve this transformation that will connect Iraqis and Iraqi companies to the international economic system."
 
In this regard, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed to {Al-Furat News} that the
 
agreement of Iraq and the United States to end the electronic platform of the Central Bank of Iraq for selling the dollar at the official price means the cancellation and end of the foreign currency window that was established since 2003.

  Saleh said,   “It is not One of the functions of central banks in the world is to carry out financing operations for foreign trade in their countries.
 
Central banks are banks that work on monetary stability as they are banks that issue the national currency, as well as the function of supervising banking activity and ensuring its safety and stability.


He added,  "But Iraq's rentier conditions, and because of the foreign cash flows entering the country through which foreign exchange reserves originating from oil export revenues are created, such a necessity was imposed in financing foreign trade for the private sector through the establishment of the foreign currency window (auction) a month ago." October 2003, during which
 
this window played a dual role in the work of the Central Bank of Iraq’s monetary policy, both in
 
     controlling local liquidity levels (monetary sterilization) and the
 
     so-called open market process,
 
which requires exchanging the dinar for the dollar for the purposes of external transfer related to financing domestic trade.
 
In addition to achieving the goal of controlling the stability of the Iraqi dinar exchange rate at the same time.” 

Saleh noted that,  “In order to return to the principles of financing trade through the commercial banks themselves directly by opening documentary credits with correspondent banks abroad, their external accounts opened with their correspondents from foreign banks will be fed with their requests for foreign currency through the Central Bank of Iraq in order to enable them to... 

Opening documentary credits to finance foreign trade to the private sector in a more transparent manner and
 
at the same time subject to international compliance rules through the role that these international banks with high credit ratings will play.” 

He explained,  "What practically means canceling the auction or the foreign currency window that was established in October 2003 and its expected lifespan was two years, but unfortunately it continued for more than twenty years!" 

He continued,  "Based on the above, the efficiency of using foreign currency will undoubtedly increase through continued control of local liquidity levels and the imposition of stability in the Iraqi dinar exchange rate, but in a different way that is consistent with the new banking applications fully approved in the year 2024."


On the other hand, specialists warn against stopping the platform for selling the dollar, especially with the continuing delay in Iraqi banking systems and the failure to activate Iraqi commercial banks’ dealings with international banks, because this will lead to a monetary disaster that will ravage the Iraqi market.
 
But Abdul Rahman Al-Mashhadani, the economic expert, downplayed the seriousness of these warnings. 

He told {Al-Furat News},  "The subject of the agreement with the American side does not mean that the currency auction will end,
 
but rather it will return to work according to the old mechanism for enhancing balances.
 
However, the Iraqi banks that will be entitled to external transfer must be linked to solid correspondent banks." 

He stated, "The mechanism will not change.
 
Rather, the Iraqi Bank will be transformed into a correspondent bank, and its balance will be enhanced by the Central Bank."  Al-Mashhadani ruled out,
 
"The exchange rates in the markets were affected because they are not directly related to these matters.
 
Rather, the decline and rise are due to trade with the sanctioned countries, for which there are no solutions because they are financed from the parallel market, and without solving themthere cannot be stability in exchange rates."
 
Another economic expert believes it is necessary to tighten control to prevent the "leakage" of the dollar.
 
Bassem Jamil Antoine told {Al-Furat News},
 
When the dollar crisis is addressed scientifically, economically, and financially, there will be a floatation of the currency through supply and demand,
 
so that the citizen will obtain the quantities of dollars to the extent he wants, as the scarcity is now in the dinar and not in the dollar from which it is received.” On a daily basis, no less than 300 to 400 million dollars.”  

He stated,  "This process goes to the financial stability of the country, as the import is through correspondent banks that transfer money amounts, and
 
this process requires follow-up, time, and knowing the fate of the money."  Antoine explained that
 
"the process of floating the currency must be under conditions, and
 
Iraq differs from other countries because its financial imports in dollars are very large, and
 
there must be control over the processstopping the leakage of the dollar, and not leaving it floating under the freedom of speculators.
 
There will be difficulty in achieving balance, and this matter needs a rule." Productivity away from imports, creating job opportunities and ending unemployment, and
 
this process requires more time and strict oversight to stop the currency auction, which has greatly destroyed the country,” he said. 
 
https://alforatnews.iq/news/بعد-21-عاماً-من-مزاد-الدولار-العراق-يقترب-من-غلق-النافذة-وسط-تطمينات-وتحذيرات   

Attempts To Reduce Dollarization 
 
Economical 04/17/2024   Muhammad Sharif Abu Maysam
 
We often witness a state of monetary instability in the economies of
 
 developing countries that suffer from structural imbalances, or
 
 countries that are going through stages of adaptation as they move from the state economic system to the market economy in light of economic globalization,
 
which contributes to the emergence of informal currency exchange markets. Foreign exchange, and the
 
US dollar is usually the most traded in those markets as a suitable haven for price value from exchange rate fluctuations.
 
Because of the dominance of the dollar in all global commodity and service market exchanges, demand for it increases with the aim of financing foreign trade in countries that suffer from the inability to meet the needs of the local market for basic goods.

Monetary and financial disruptions usually contribute to the adoption of the dollar alongside the local currency, and then it replaces it.
 
Little by little, it will take up more space in exchanges and trades unless the matter is remedied and the imbalances are addressed.
 
Otherwise, the country’s currency will lose its usefulness as a means of exchange, so it becomes dollarization that contributes to perpetuating inflation, economic instability, and the difficulty of addressing imbalances as a phenomenon supported by the data of globalization.
 
Here, the relevant authorities, while they are in the process of searching for solutions that will restore life to the local currency and maintain its protection, may be concerned with searching for procedural tools to curb dollarization as a phenomenon that threatens economic sovereignty,
 
because it appears to be a natural result of the circumstances and data of the state of transformation in the form of the economic system, as it
 
usually The adaptation phase occurs when moving from a state economy to a market economy,
 
but here we are looking for solutions according to the available ideas.
 
In economic tradition, the demand for the local currency increases if it is adopted in trade exchanges with other countries, and
 
thus the level of demand for foreign currencies in the local market decreases.
 
To finance foreign trade, this matter seems difficult at first glance,
 
but according to what was announced by some BRICS countries, it seems possible, and the
 
rate of demand for the local currency also increases
 
     if the contribution of the local product increases in satisfying the market’s need for goods and in a way that ensures a decrease in the rate of demand for the dollar as a result of the decline.

The rate of flow of hard currency abroad, and
 
it also occurs
 
    in cases of relying on the local currency to deliver remittances coming from abroad, and it may occur
 
     when the demand for locally produced goods for export purposes increases,
 
     especially when the cost of the unit produced locally decreases compared to those produced in other countries, as  
 
increasing rates contribute Export increases financial transactions locally through the inflow of foreign currencies,
 
which are converted through banking channels into the equivalent of the local currency upon exchange,
 
which contributes to supporting the attractiveness of the local currency and the stability of its value,
 
thus increasing the demand for it.      https://alsabaah.iq/95113-.html  

Member Of The Sudanese Delegation: We Will Witness A Rapid Decline Of The Dollar In The Coming Days
 

Time: 04/16/2024 22:13:47 Read: 3,367 times  {Politics: Al-Furat News} A member of the delegation accompanying the Prime Minister, Aed Al-Hilali, suggested that things would go towards complete control of the dollar exchange rate and a clear and rapid decline in the coming days. Al-Hilali said:
 
For the program {Free Speech} broadcast by Al-Furat satellite channel this Tuesday evening, it was stated that: “
 
The visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington carries within it a lot of good news for the Iraqi people, as it was able to achieve many gains.
 
- The agreements that were signed with major international American companies.” It is concerned with the Iraqi people, one of which is energy and in various fields.
 
- There are American companies that have signed agreements to manufacture sprinklers and cars that fall within the needs of the Iraqi state, in addition to handing over a number of Iraqi antiquities today to the Iraqi side.
 
- Iraq has made great strides through the Sudanese government in the field of financial reform, and
 
we need To a measure that could organize governmental and private financial institutions in a way that makes them stable in dealing with their counterparts in the world -
 
what the government has done in terms of opening corruption files and operations to control the dollar are all taken into consideration by the United States of America, which will stand and help Iraq in the next stage, and
 
I believe that. Things are moving towards complete control of the dollar exchange rate, and
 
we may witness a clear and rapid decline in the coming days.
 
The US Treasury praised the Iraqi government’s steps in developing the banking sector.
 
But no decision has been issued yet regarding lifting sanctions on private Iraqi banks.   
 
https://alforatnews.iq/news/عضو-في-وفد-السوداني-سنشهد-هبوطاً-سريعاً-للدولار-في-الأيام-المقبلة  

 

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

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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8

Iraqi Dinar Today Video Updates Wednesday Afternoon 4-17-24

Iraqi Dinar Today Video Updates Wednesday Afternoon 4-17-24

Yes , Really US Treasury Announced IQD RV And New Exchange Rate on 22nd April – 4:17

US President Joe Biden & Citibank Chase Bank Decision Removal Three Zero Notes = 3:23

Citi Bank,Chase Bank  And BOA Announced Accept And Exchange Dinar – 4:12

Iraqi Dinar Today Video Updates Wednesday Afternoon 4-17-24

Yes , Really US Treasury Announced IQD RV And New Exchange Rate on 22nd April – 4:17

US President Joe Biden & Citibank Chase Bank Decision Removal Three Zero Notes = 3:23

Citi Bank,Chase Bank  And BOA Announced Accept And Exchange Dinar – 4:12

 Yes , Really US Treasury Announced IQD RV And New Exchange Rate on 22nd April – 4:17

https://www.youtube.com/watch?v=CcAG4gnlH6E

US President Joe Biden & Citibank Chase Bank Decision Removal Three Zero Notes – 3:23

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

Citi Bank,Chase Bank  And BOA Announced Accept And Exchange Dinar – 4:12

https://www.youtube.com/watch?v=5ZOJRRtv3Zo

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Bruce’s Big Call Dinar Intel Tuesday Night 4-16-24

Bruce’s Big Call Dinar Intel Tuesday Night 4-16-24

Transcribed By WiserNow Emailed To Recaps

Welcome, everybody to the big call tonight  -  it is Tuesday, April 16th and you’re listening to the big call. Thanks for tuning in. We're glad that you’re here, glad that we're here and we're able to bring you the call tonight.

All right, Let's talk about where we are and where at least we believe we are - This was a little bit of a strange last four or five days since the last big call Thursday, because we obtained a little bit of information. But generally speaking, a lot of the sources are very quiet. We don't have the normal,  or what was the normal flow of information.

Typically, that means they're under new NDA’s . They've been asked not to share  0 not to leak information, but let's put that aside and let you know what we are hearing. What we are hearing is that the bondholders have not received their email  and that we have not received ours yet.

Bruce’s Big Call Dinar Intel Tuesday Night 4-16-24

Transcribed By WiserNow Emailed To Recaps

Welcome, everybody to the big call tonight  -  it is Tuesday, April 16th and you’re listening to the big call. Thanks for tuning in. We're glad that you’re here, glad that we're here and we're able to bring you the call tonight.

All right, Let's talk about where we are and where at least we believe we are - This was a little bit of a strange last four or five days since the last big call Thursday, because we obtained a little bit of information. But generally speaking, a lot of the sources are very quiet. We don't have the normal,  or what was the normal flow of information.

Typically, that means they're under new NDA’s . They've been asked not to share  0 not to leak information, but let's put that aside and let you know what we are hearing. What we are hearing is that the bondholders have not received their email  and that we have not received ours yet.

They are being told that they should receive their emails which should at least tell them where they have liquidity, if not give them liquidity tomorrow  -  Where we thought we might get notification this morning, or afternoon today did not happen. But the bondholders are looking forward to getting notified

Now when they get that email, more than likely we  here in tier 4A and B would receive our emails as well. So they're not going to be that far ahead of us. If they get it. We should be getting ours as well. 

Now, we did a piece of information from someone in the admirals group that spoke to Admiral  Bob and was told by him that this individual would have money in his account tomorrow, Wednesday. - we hope that's the case for that individual in the admirals group.  But it also ends well for us, if basically the admirals group  that was really what we  call  tier 4A – and we are tier 4B the internet group.

 If they do have money found in their account tomorrow. We should also at least get notifications to set up our appointments.

One of the one of the banks that happens to be – it’s a national bank  but not one of the top four or five banks  - they said to us yesterday  that they expected our  exchange to start Wednesday or Thursday, Thursday. That may be the case –

Beyond that we know that we know that Iraq  is doing some things in the US. - And meeting here for some idea exchanges and other types of exchanges here. I think they're  really getting ready for this – to be known internationally - their reason for this session, my way of thinking the rate on the dinar has not been put out internationally  yet for everyone to know  what that is - but we know that rates are on the screens – all of them  - They've been trading upwards, we know that the contract rate on the dinar is still very high and we know that the dong rate isalso moving up in a good direction

And we know that is sometimes hard to get access to  - it looks very good

And the zim is still trading over one dollar , and that's great, but we're all gonna be  content its just on par with the USN dollar  Beyond that  Looking forward to this manifesting – we don’t have concrete evidence of it going

But we know that their plan is to get out of it come to us. We all thought maybe something would happen on the 15th That was yesterday. Did not get it - did not receive anything in the way of notifications yet today. I think we can write today off but tonight overnight tonight. Bond holders may get those emails, and we could possibly be one parallel at this point the information that we aare looking  for is a little bit – far and few between

 We have to go is sort of gear ourselves to what we're hearing about.  The admirals  group - what we're hearing about the bond holders  - occasionally a bank  weigh in  with what they're believe the start is going  to be  - like I said which was  tomorrow or  Thursday, but it's just gonna happen when it happens  you guys.

And it's like Sue said  we could be basing our entire lives  on this going. I know for a lot of us, we are looking forward to it, including me, I’m not going to kid you -I'm looking forward to it and everything that will follow the RV -

So we're just going to have to keep our patience level high  and we're gonna have to track this and just seeif something happens for  us tomorrow

I think there's a very good possibility of it, But again, to get absolute concrete information. That's not what Treasury wants. it's not what the banks want for us. it will happen when it happens. And whereas that's sort of tough to take sometimes it's just gonna make us that much stronger when it does come. So, that's all I'm gonna say tonight  in the way of  information.

So let's pray the call out. Let's see where tomorrow takes us .

 

Bruce’s Big Call Dinar Intel Tuesday Night 4-9-24   REPLAY LINK   Intel Begins   58:48

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Bruce’s Big Call Dinar Intel Thursday Night 4-4-24   REPLAY LINK   Intel Begins 1:01:31

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Bruce’s Big Call Dinar Intel Thursday Night 3-28-24   REPLAY LINK   Intel Begins 1:05:40

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Bruce’s Big Call Dinar Intel Tuesday Night 3-26-24   REPLAY LINK   Intel Begins   1:05:25

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Bruce’s Big Call Dinar Intel Thursday Night 3-21-24   REPLAY LINK   Intel Begins 1:01:31

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Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24   REPLAY LINK   Intel Begins   1:11:11

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 Bruce’s Big Call Dinar Intel Thursday Night 3-7-24   REPLAY LINK   Intel Begins  1:18:08

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Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24   REPLAY LINK   Intel Begins   1:01:30

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Bruce’s Big Call Dinar Intel Thursday Night 3-7-24   REPLAY LINK   Intel Begins  57:00

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Bruce’s Big Call Dinar Intel Tuesday Night 3-5-24   REPLAY LINK   Intel Begins   1:04:40

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 Bruce’s Big Call Dinar Intel Thursday Night 2-29-24   REPLAY LINK   Intel Begins  1:07:37

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Wednesday Evening 4-17-24

Goldilocks' Comments and Global Economic News Wednesday Evening 4-17-24
Good Evening Dinar Recaps,

Banking Announcement:

"HKEX Confirms Decision to Allow Issuers to Hold Treasury Shares.  Allowing Hong Kong-incorporated issuers to hold treasury shares will give them 'greater flexibility in managing their capital structure.'"


These changes will take effect on June 11th, 2024. It will give Hong Kong companies more control over their capital.

During down times for their company, this will enable them to have an asset that will neutralize some of the capital flows needed during times of great economical challenges such as the one going on now. 

© Goldilocks

Goldilocks' Comments and Global Economic News Wednesday Evening 4-17-24
Good Evening Dinar Recaps,

Banking Announcement:

"HKEX Confirms Decision to Allow Issuers to Hold Treasury Shares.  Allowing Hong Kong-incorporated issuers to hold treasury shares will give them 'greater flexibility in managing their capital structure.'"


These changes will take effect on June 11th, 2024. It will give Hong Kong companies more control over their capital.

During down times for their company, this will enable them to have an asset that will neutralize some of the capital flows needed during times of great economical challenges such as the one going on now.  Morgan Lewis 

© Goldilocks

~~~~~~~~~

The tokenization and expansion of tokenized assets is well underway. Currently, we are seeing the expansion of Regulations on a Global scale. Along with this movement, payment structures and laws are being established for them.

Support mechanisms are being added two companies and various other institutions that will increase the net worth of companies going forward through Government issuance of assets backed by gold.

The new QFS is unlike any Financial System we have had before. This one is more comprehensive and inclusive of support mechanisms used by Governments to help sustain our economies during a crisis.

Of course, the backing of gold will supply the needed support going forward for the execution of this new set of Quantum Financial Technologies.

Perhaps, this is the reason why Governments are buying so much gold, and the certainty of a bull market in Commodities such as gold have never been more needed than it is now.

We are simply at the beginning stages of a bull run in gold, gold is a World Reserve Asset that is recognized by all countries. And, the need for it in use case scenarios appears to have no end. Gold Avenue

"All roads lead to gold, and digital gold will set us free."

© Goldilocks

~~~~~~~~~

Government Announcement:

"Top U.S. House Lawmakers Meet on Stablecoin Bill"

The House Financial Services Committee are currently meeting on what the next steps are going to be for pushing the legislative process forward on Stablecoins.

The Stablecoins will enable the world to pay for tokenized assets through digital mechanisms going forward.

There is an urgency to push these bills forward. Once MICA is complete at the end of May, countries around the world will have a working regulation process to finish their own testing of protocols and interface them on the Quantum Financial System.

At that point, we will witness the transition of our Global Economy transition into a Digital Financial System. This will reset many of the price actions on the markets and their correlating protocols with the banks. It will include all sectors of the market.   Youtube   Coindesk

© Goldilocks
~~~~~~~~~

Markup of H.R. 5535, H.R. 802, H.R. 7437, H.R. 7440, H.R. 7428, H.R. 4206, H.R. 4116. | Youtube

~~~~~~~~~

"There’s no plan for one massive ledger. Instead, there will be multiple unified ledgers. Tokenization reduces the need for messaging, cutting transaction delays, costs and reconciliations. By using smart contracts, programmability can enable automation, transforming the role of intermediaries to governance."

What is the concept of unified ledger?

"A Unified ledger brings together central bank digital currencies (CBDC), tokenized deposits, and tokenized assets onto common platforms."   Ledger Insights

~~~~~~~~~

UK Finance announced that the Regulated Liability Network (RLN) has entered a new phase of experimental trials in the UK. The RLN aims to create a common ‘platform for innovation’ including tokenized deposits (https://www.ledgerinsights.com/tokenized-deposits/) alongside conventional deposits using a shared ledger. All of the largest British banks are participating: Barclays, Citi, HSBC, Lloyds, NatWest, Nationwide, Santander, Standard Chartered, Virgin Money as well as card firms Mastercard and Visa.     Ledger Insights

~~~~~~~~~

World Economic Forum Announcement:

Today the World Economic Forum published a report on wholesale central bank digital currencies (wCBDC). The paper briefly summarizes many of the wCBDC initiatives and hones in on top level use cases and how a wholesale CBDC could address long standing industry challenges.  Ledger Insights

~~~~~~~~~

Transcript of Global Financial Stability Report April 2024 Press Briefing | IMF

~~~~~~~~~

BRICS Announcement:

“More than 40 states are applying for membership in BRICS. And every month the number of such countries increases. This indicates that such a free, flexible form of interaction within the BRICS is very attractive ,” the politician said. | TV Brics

~~~~~~~~~

PayPal's Stablecoin For Cross-Border Payments Is Big News | Payments Journal

~~~~~~~~~

The Powerful AI Shaping the World: Meet Aladdin | Thinkpol News

~~~~~~~~~

Liquidity from global equity markets fuelling fresh investment in gold |  Siasat Daily
~~~~~~~~~

~~~~~~~~~

“We expect the market to consolidate prior to the halving and then expect the overall bull markets to continue,” they added. Bitcoin halvings are programmed to occur automatically every 210,000 blocks — roughly every four years.   Mar 19, 2024 | The Block
~~~~~~~~~

"Bundesbank partners MIT for CBDC privacy research." | Ledger Insights

👆 More on this tomorrow...

~~~~~~~~~

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Wednesday Afternoon 4-17-2024

KTFA:

Don961: :  Attempts to reduce dollarization

Economical  2024/04/17   Muhammad Sharif Abu Maysam

We often witness a state of monetary instability in the economies of developing countries that suffer from structural imbalances, or countries that are going through stages of adaptation as they move from the state economic system to the market economy in light of economic globalization, which contributes to the emergence of informal currency exchange markets. Foreign exchange, and the US dollar is usually the most traded in those markets as a suitable haven for price value from exchange rate fluctuations.

Because of the dominance of the dollar in all global commodity and service market exchanges, demand for it increases with the aim of financing foreign trade in countries that suffer from the inability to meet the needs of the local market for basic goods. Monetary and financial disruptions usually contribute to the adoption of the dollar alongside the local currency, and then it replaces it.

KTFA:

Don961: :  Attempts to reduce dollarization

Economical  2024/04/17   Muhammad Sharif Abu Maysam

We often witness a state of monetary instability in the economies of developing countries that suffer from structural imbalances, or countries that are going through stages of adaptation as they move from the state economic system to the market economy in light of economic globalization, which contributes to the emergence of informal currency exchange markets. Foreign exchange, and the US dollar is usually the most traded in those markets as a suitable haven for price value from exchange rate fluctuations.

Because of the dominance of the dollar in all global commodity and service market exchanges, demand for it increases with the aim of financing foreign trade in countries that suffer from the inability to meet the needs of the local market for basic goods. Monetary and financial disruptions usually contribute to the adoption of the dollar alongside the local currency, and then it replaces it.

Little by little, it will take up more space in exchanges and trades unless the matter is remedied and the imbalances are addressed.

Otherwise, the country’s currency will lose its usefulness as a means of exchange, so it becomes dollarization that contributes to perpetuating inflation, economic instability, and the difficulty of addressing imbalances as a phenomenon supported by the data of globalization.

Here, the relevant authorities, while they are in the process of searching for solutions that will restore life to the local currency and maintain its protection, may be concerned with searching for procedural tools to curb dollarization as a phenomenon that threatens economic sovereignty

Because it appears to be a natural result of the circumstances and data of the state of transformation in the form of the economic system, as it usually The adaptation phase occurs when moving from a state economy to a market economy, but here we are looking for solutions according to the available ideas.

 In economic tradition, the demand for the local currency increases if it is adopted in trade exchanges with other countries, and thus the level of demand for foreign currencies in the local market decreases.

To finance foreign trade, this matter seems difficult at first glance, but according to what was announced by some BRICS countries, it seems possible, and the rate of demand for the local currency also increases if the contribution of the local product increases in satisfying the market’s need for goods and in a way that ensures a decrease in the rate of demand for the dollar as a result of the decline.

The rate of flow of hard currency abroad, and it also occurs in cases of relying on the local currency to deliver remittances coming from abroad, and it may occur when the demand for locally produced goods for export purposes increases, especially when the cost of the unit produced locally decreases compared to those produced in other countries

As increasing rates contribute Export increases financial transactions locally through the inflow of foreign currencies, which are converted through banking channels into the equivalent of the local currency upon exchange, which contributes to supporting the attractiveness of the local currency and the stability of its value, thus increasing the demand for it.      link

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

Driving America into a Brick Wall – Bill Holter

By Greg Hunter’s USAWatchdog.com 

Back in February, when everyone was predicting a Fed rate cut, precious metals expert and financial writer Bill Holter said rates would be going up and not down.  Since that call, the 10-Year Treasury is up more than 30 basis points.  It closed today at 4.67%.  Now, Holter is still calling for higher interest rates that will coincide with higher gold and silver prices.  Why?  It’s called inflation, and it’s not temporary. 

Holter explains, “Foreigners are backing away from buying Treasuries.  That is the only thing that has kept the doors open, so to speak, is the fact we are able to borrow an unlimited amount of money because we are the world reserve currency.  Foreigners backing away from our debt is going to lead the Federal Reserve to be the buyer of last, and then, only resort. 

 So, you will have direct monetization between the Fed and the Treasury.  What that will cause is a currency that declines in purchasing power.  It will decline in a big way, and it will decline rapidly.  So, what I am describing is inflation that turns into hyperinflation.”

But that is not the end of our problems.  Holter points out, “I do think it is going to get worse, and that means interest rates will go higher, and that will put on much more pressure.  We are at 4.65% on the 10-Year Treasury now.  We went from 3.75% to 4.65% (in a short amount of time).  We run through 5% on the 10-year Treasury, and everything blows up. . . .

The bottom line here is we are at the end game of a fiat currency. 

Young people have never experienced high inflation. . . . Where we are this time around, Paul Volker (Fed Head in 1979) was able to raise rates to 16% or 17% and crush inflation.  He was able to do that because there was not a ton of debt.  The U.S. debt back in 1980 was 35% of GDP.  Now, it is 125% plus debt to GDP.  If you raise rates to 6% to 8%, you will blow up the entire system because much of this debt was put on during the 1% to 3% interest rate time. . . . The inflation is going to push rates higher no matter what the Fed says.”

Gold is hitting one new record high after another.  It’s not greed, but fear, and Holter says, “Big money is buying gold because they are looking for protection.”  The other wild card is war, and Holter says, “War is a way to keep the system propped up.”

In closing, Holter contends, what you are seeing is not a series of mistakes by incompetent people.  Holter says, “This is too stupid for it not to be the plan. . . .This is not a Republican or Democrat thing.  We are being steered directly into a brick wall because the globalists can’t take over the world with the US standing.  They have to take the US down, and if they take the US down, so will the western financial system fall.  If that happens, the globalists can have their way.”

There is much more in the 46-minute interview.

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter for 4.16.24.

https://rumble.com/v4pvkh6-driving-america-into-a-brick-wall-bill-holter.html

https://dinarchronicles.com/2024/04/17/greg-hunter-w-bill-holter-driving-america-into-a-brick-wall/

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

Mnt Goat  I was told by my CBI contact that the currency swap out will happen as they will not hide this event and must inform the citizens (education process...). Yes, they also have to explain the exchange swap-out process and how it will work along with descriptions of the newer lower denominations. The CBI will then post those pictures of the lower denominations my contact told me were taken weeks ago. So, just wait and watch it all play out...You should be excited...with FACTUAL knowledge...

Militia Man   The final provisions of the SFA are on the table...Security is set.  The economic aspect is underway.  We're going to watch al-Sudani finish up his signing of contracts...  I can't imagine ...how are you going to fund all this with an exchange rate of 1310 IQD to the USD?  And how is it that that you've said the Iraqi dinar, Mr Al-Sudani, is stronger than the dollar?

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

ALERT! ITS GAME OVER IF THE DEBT MARKET GOES "NO BID." VERY IMPORTANT UPDATES.

Greg Mannarino:  4-17-2024

https://www.youtube.com/watch?v=ZsTVN75Tl_0

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

BRICS Expansion: 40 New Members joining BRICS

BRICS Expansion: 40 New Members joining BRICS

Fastepo:  4-16-2024

More than 40 countries have expressed their interest in joining BRICS, with this number steadily increasing over time, according to an interview by Grigory Karasin, a senior Russian politician on April 16th, 2024.

Karasin emphasized the attractiveness of BRICS' flexible cooperation model, citing the ongoing rise in potential member nations as evidence.

 Following the recent addition of new members—Saudi Arabia, Iran, the United Arab Emirates, Egypt, and Ethiopia—the total GDP (PPP) of the BRICS bloc is approximately $58.5 trillion USD.

BRICS Expansion: 40 New Members joining BRICS

Fastepo:  4-16-2024

More than 40 countries have expressed their interest in joining BRICS, with this number steadily increasing over time, according to an interview by Grigory Karasin, a senior Russian politician on April 16th, 2024.

Karasin emphasized the attractiveness of BRICS' flexible cooperation model, citing the ongoing rise in potential member nations as evidence.

 Following the recent addition of new members—Saudi Arabia, Iran, the United Arab Emirates, Egypt, and Ethiopia—the total GDP (PPP) of the BRICS bloc is approximately $58.5 trillion USD.

This enhanced economic size underscores the bloc's growing influence in global economic affairs. The expanded BRICS now aims to be a more inclusive representation of the Global South and is positioning itself to have greater influence in global economic and political affairs.

The bloc is focused on enhancing trade and investment among its members in local currencies to reduce dependency on the dollar and other major reserve currencies.

This de-dollarization move is intended to strengthen economic ties within the bloc and with other developing countries.

BRICS leaders have reiterated their commitment to reforming international governance structures like the United Nations and other multilateral organizations to ensure more equitable representation of emerging and developing economies.

The group is also keen on promoting sustainable development, climate action, and addressing issues like poverty and hunger, consistent with the Sustainable Development Goals (SDGs).

The bloc faces challenges related to its expansion strategy. The lack of a formal institutional structure and the diverse interests of its members make consensus-building difficult, which could dilute the group’s effectiveness in achieving its goals.

 The inclusion of countries with significant geopolitical and economic differences, such as Iran and Saudi Arabia, adds complexity to internal dynamics.

While the BRICS bloc is set to continue its expansion, this may further challenge the group’s cohesion. However, the collective economic weight of its members, particularly in areas like oil production, provides a substantial platform to influence global economic trends.

 The group’s focus remains on creating a counter-narrative to Western economic and political dominance, positioning itself as a key player in global affairs.

 In this video, we will delve into several topics including: Why does BRICS strategy not resemble European Union?, BRICS currency and financial system, BRICS nations moving toward complete de-dollarisation and last but not the least, we also explain Collective power of the blocs as of April 2024.

https://www.youtube.com/watch?v=uHKts3PJRrA

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Coffee with MarkZ and Andy Schectman. 04/17/2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Coffee with MarkZ and Andy Schectman. 04/17/2024

Member: Good morning Mark Andy and the rest of you fantastic and highly intelligent people.

​​Member: April 17, 1970- Apollo 13 Returns to Earth.

​​Member: Wolvie states Reno & Hong Kong have received notifications....

Member: Is it true people have started to get notifications?

MZ: Its confusing….and most of my sources have gag orders right now. Some have actual NDA’s, and some of them are being leaned on by leadership to not say anything. Especially with groups.

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

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Coffee with MarkZ and Andy Schectman. 04/17/2024

Member: Good morning Mark Andy and the rest of you fantastic and highly intelligent people.

​​Member: April 17, 1970- Apollo 13 Returns to Earth.

​​Member: Wolvie states Reno & Hong Kong have received notifications....

Member: Is it true people have started to get notifications?

MZ: Its confusing….and most of my sources have gag orders right now. Some have actual NDA’s, and some of them are being leaned on by leadership to not say anything. Especially with groups.

MZL With so many people being leaned on to stay quiet- I think this is fantastic news.

Member: I’m liking the sound of all of this pressure to not talk!

MZ: With some contacts I am going straight to voicemail which means their equipment is turned off. To me this is an excellent sign.

MZ: So it appears we are close to the finish line.my Iraqi sources seem to think so.

Member: Mark any truth to rumors of RV started in parts of the world like Brazil?

Member: Rumors also say Nesara starts next weekend.

MZ: Noone knows the timing……but that may be a bit premature.

Member: mark, do all of the bond holders need to be paid before all of the rest of the currency holders RV?

Member: Mark said yesterday that one third to one half of bond deals need to have started before we go.

Member: Sudani has his country setting up big screens for his big announcement. Maybe this is it -even if Iraq goes alone at first?

Member: We might be able to get by -if Iraq goes alone

Member: Bruce said last night that his bond contacts are also going silent...

Member: Frank's bank story mentioned a wealth manager said "Dinar Revaluation is SCHEDULED". That says to me some people know the day.

Member: Hey Mark, I’m hearing that the USN needs to be officially released before things get started. How far away do you think that event really is??

Member: If true it seems to be a big secret.

Member: Why would the good guys put us through another April 15th???? Makes no sense

Member: Makes sense if there are no good guys…I believe white hats are a myth………that makes me very sad

Member: Maybe we will get taxes back if Nesara starts soon?

Member: Remember that the Shot Heard Round the World happened on April 19th, bringing on the 1st American Revolutionary War! I think that they have called this the 2nd Revolutionary War, and the 19th is Friday

Member: Mark, thanks as always for all you bring to this community.

Andy Schectman joins the stream today. Please listen to the replay for his opinions and 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

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

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

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

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

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

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