News, Rumors and Opinions Sunday AM 1-5-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 5 Jan. 2025
Compiled Sun. 5 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 4 Jan. 2025: CBI has stopped auctions, Dinar Rate has stabilized:
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 5 Jan. 2025
Compiled Sun. 5 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 4 Jan. 2025: CBI has stopped auctions, Dinar Rate has stabilized: Iraqi Dinar Iraqi Dinar Rate Stability and RV Done Now Iraqi Dinar Latest News Iraqi Dinar Today
Sat. 4 Jan. 2025 MAJEED: The CBI will be back on Tues. 7 Jan. 2025 after the reevaluation (allegedly) happens! … to manage liquidity for the currency after being on Forex like India and Egypt. “The Authority emphasizes its efforts to regulate the market, enhance transparency, and foster public and private sector participation. The event marks the beginning of a promising year for the Iraqi stock market.” All that happening on Tues. 7 Jan. 2025.
And no, they do not have to wait for the stock market to open because Forex is an international market that does not depend on the stock market of the country to be open. They already adjusted the payroll and they will start paying the salaries on Sun. 5 Jan. 2025 based on the new rate. (allegedly) If people getting less money without knowing that rate has changed inside the country, they will go insane, so the government will announce. https://x.com/majeed66224499/status/1875532508734832660?s=46&t=Ich7hg6RGbObSjhen7byaw
On Mon. 6 Jan. 2025 the Quantum Financial System (QFS) will (allegedly) officially be activated Worldwide.
Thurs. 2 Jan. 2025 Bruce: Iraq(allegedly) had a new in-country rate on New Years Day. Tier4b (us, the Internet Group) could be notified to call for exchange appointments anywhere from Friday 3 Jan. to Sunday 5 Jan.
Thurs. 2 Jan. 2025 Frank26 and WalkingStick: Iraq’s foreign minister was in DC and gave the new Dinar Rate to the US Treasury. The US has now been paid in full and has lifted the remaining sanctions on the Iraqi Banks!
Sat. 4 Jan. 2025: BOOM! Operation Phoenix Hits Its Peak: Starlink Tests Complete, GESARA Wealth Transfer and QFS Ready for the 48-Hour January 2025 Wealth Redistribution Event! – Gazetteller Trump’s global alliances, bolstered by covert military intelligence and advanced AI technologies, are executing the largest asset recovery and wealth redistribution campaign ever attempted. From the ashes of the Federal Reserve, a new global economic order is rising—one where the power no longer rests with the elite but with the people. On January 2, 2025, the system implemented its latest security upgrade: Quantum Resonance Verification (QRV). Unlike traditional biometric measures, QRV uses harmonic frequencies in an individual’s DNA to ensure unmatched identity verification.
Sat. 4 Jan. 2025: BQQM! Declassification of Information: NESARA GESARA, White Hats, Quantum Financial System (QFS), and Banking Cartels! – amg-news.com – American Media Group
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Global Financial Crisis:
Sat. 4 Jan. 2025: Iraqi TV showing citizens how to trade Dinar on the Forex: https://dinarevaluation.blogspot.com/2025/01/firefly-television-is-now-showing_0104059332.html?spref=tw
Read full post here: https://dinarchronicles.com/2025/01/05/restored-republic-via-a-gcr-update-as-of-january-5-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The fact they are about to [or have] stop [stopped] the auctions means it has to be replaced with a new exchange rate to add value to your currency. If all of these things are true from Sudani...then another thing is true IMO, the lower notes they're going to give you are now in position, ready, loaded to go, ready to be given to [the Iraqi citizens].
Militia Man There's a difference between the dollar auctions and the reinforcement mechanism that they use today. Militia Man and crew have been quite clear that there's going to be a change - The dollar auctions are going to stop and there's something different. [We] have been spot on about the fact that the dollar auctions are going to go away and they have...
Iraq Progress Development Road Project IQD Rate
Edu Matrix: 1-5-2024
Iraq Progress Development Road Project IQD Rate - Iraq's Development Road Project is set to revolutionize the nation's economic landscape! Join us as we explore the ambitious initiative announced by Minister of Transport, Razzaq Muhibis Al-Saadawi, which is making incredible strides in infrastructure development.
With 100% of preliminary designs completed and final design work underway, this project spans from Al-Faw to Al-Najaf Al-Ashraf Station, enhancing connectivity and trade routes.
Discover how this project not only promises job creation and industry stimulation but also aims to position Iraq as a critical hub in the global logistics network.
Some “Iraq News” Posted by Clare at KTFA 1-4-2024
KTFA:
Clare: New holiday for all Iraqis
1/3/2025
Sumerian News - Local
witnesses next week vacation Official next Monday on the occasion of memory establishment Army Iraqi Al-Basel, according to the Official Holidays Law No. 12 of 2024.
It will be on Monday, January 6th. vacation Official for all Iraqis On the occasion of the 104th anniversary of the founding of Army Iraqi The brave. LINK
KTFA:
Clare: New holiday for all Iraqis
1/3/2025
Sumerian News - Local
witnesses next week vacation Official next Monday on the occasion of memory establishment Army Iraqi Al-Basel, according to the Official Holidays Law No. 12 of 2024.
It will be on Monday, January 6th. vacation Official for all Iraqis On the occasion of the 104th anniversary of the founding of Army Iraqi The brave. LINK
Clare: Al-Sudani stresses the importance of raising the level of quality control to preserve public money
1/4/2025 Baghdad
Prime Minister Mohammed Shia Al-Sudani stressed today, Saturday, the necessity of working to address the observations and raise the level of quality of oversight; in order to preserve public money.
The Prime Minister's media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received the head of the Financial Supervision Bureau, Ammar Sobhi Khalaf, and the meeting witnessed discussions on the contents of the Bureau's reports on the performance of the various state agencies, and ways to enhance them."
Al-Sudani stressed the "necessity of working to address the comments and raise the level of quality of oversight, in order to preserve public money."
During the meeting, the Audit Bureau’s reports were reviewed, particularly reports related to the performance of ministries and entities not affiliated with a ministry. LINK
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Clare: The Iraqi government succeeds in recovering 50 billion dinars from the corrupt during 2024
1/4/2025 Baghdad
The Parliamentary Integrity Committee confirmed, today, Saturday, that the government succeeded in recovering 50 billion dinars from the corrupt during the past year, while indicating that Prime Minister Mohammed Shia Al-Sudani played a prominent role in reducing corruption files.
Committee member MP Alia Nassif said: "Al-Sudani and the Integrity Commission had an effective impact in reducing the aggravation of these files and prosecuting those involved in them," noting that "the government also succeeded in recovering about 50 billion dinars from those involved in corruption files in the Deal of the Century, in addition to the Director General of Refineries and the Assistant Director of Investment during the year 2024."
Nassif pointed out that "the anti-corruption operations also included pursuing those involved in real estate fraud files," noting that "most ministries and governorates formed sub-committees to stop the waste of public money." LINK
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Clare: "Oil and Gas Law" resolves pending issues between Baghdad and Erbil
1/4/2025
Oil and Gas Committee in the Iraqi Parliament considered, on Saturday, that the agreement on the draft "Oil and Gas Law" and sending it from the government to the parliament will contribute to resolving many of the pending issues between Baghdad and Erbil.
Committee member Bassem Al-Gharibawi told Shafak News Agency, "Agreeing on the draft oil and gas law and approving it in the Council of Ministers and then sending it to Parliament will contribute to resolving many of the outstanding problems between the federal and regional governments."
According to Al-Gharibawi, the government had previously formed a committee headed by the Deputy Prime Minister for Energy Affairs, the Deputy Prime Minister for Economic Affairs, and the Iraqi SOMO Company to negotiate with the regional government regarding amending the disputed articles and preparing a final version of the oil and gas law.
He added, "The Parliamentary Oil Committee hosted a number of officials from the Ministry of Oil during the previous legislative session, and discussed the formulas and articles that require amendment to the Oil and Gas Law."
Last week, Iraqi economic expert, Nabil Al-Marsoumi, revealed that 9 foreign companies were demanding compensation amounting to 24 billion dollars resulting from the halt in oil exports after the Iraqi judiciary rejected the appeal of the Iraqi Ministry of Oil to cancel these companies’ contracts with the Kurdistan Region.
The Karkh Court of Appeal rejected an appeal submitted by the Iraqi Ministry of Oil and overturned previous rulings that declared the contracts of foreign companies with the Kurdistan Region invalid .
According to the court, contracts are considered “valid,” enforceable, and binding on both parties, and no party outside the contract has the right to object to them, even if they are based on a legal basis that the Federal Supreme Court in Iraq deemed unconstitutional in February 2022 .
The court explained in the reasons on which it relied that the decision of the Federal Supreme Court issued in February 2022 cannot be applied to contracts concluded before its issuance, in accordance with a general principle in Iraqi civil law. LINK
Clare: Iraq surpasses Saudi Arabia in oil exports to America
1/4/2025
The US Energy Information Administration announced on Saturday that Iraq surpassed Saudi Arabia in oil exports to the United States during the past week.
The administration stated in a table seen by Shafaq News Agency, that "the average US imports of crude oil during the past week from 9 major countries amounted to 5.765 million barrels per day, down by 79 thousand barrels per day from the previous week, which amounted to 5.844 million barrels per day."
She added that "Iraq's oil exports to America reached 212 thousand barrels per day last week, down by 17 thousand barrels per day from the previous week, which reached 229 thousand barrels per day, thus exceeding Saudi Arabia, whose exports to America reached only 87 thousand barrels."
The administration indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 3.733 million barrels per day, followed by Mexico at an average of 551 thousand barrels per day, then Venezuela at an average of 353 thousand barrels per day, and Colombia at an average of 289 thousand barrels per day."
According to the table, "the amount of US imports of crude oil from Brazil amounted to 280 thousand barrels per day, from Libya it was at a rate of 189 thousand barrels per day, and from Nigeria at a rate of 71 thousand barrels per day. LINK
Iraq Economic News and Points to Ponder Saturday Afternoon 1-4-25
In Support Of Mr. Al-Hakim’s Proposal.. Advisor To Al-Sudani: Iraq Strengthens Its Sustainable Economic Partnerships
Time: 2025/01/03 Reading: 962 times {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, announced that the current Iraqi government seeks to strengthen sustainable economic partnerships with major countries.
Saleh told {Euphrates News}: "Iraq has left behind the legacy of isolation and regional and international conflicts since 2003, and our country is currently experiencing a very high level of stability with the international economic community and building economic relations that achieve common interests, led by openness to an international strategic investment environment based on the path of development, which is led by central infrastructure in improving transportation, energy and port networks."
In Support Of Mr. Al-Hakim’s Proposal.. Advisor To Al-Sudani: Iraq Strengthens Its Sustainable Economic Partnerships
Time: 2025/01/03 Reading: 962 times {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, announced that the current Iraqi government seeks to strengthen sustainable economic partnerships with major countries.
Saleh told {Euphrates News}: "Iraq has left behind the legacy of isolation and regional and international conflicts since 2003, and our country is currently experiencing a very high level of stability with the international economic community and building economic relations that achieve common interests, led by openness to an international strategic investment environment based on the path of development, which is led by central infrastructure in improving transportation, energy and port networks."
He added, "In addition to establishing free industrial and economic zones to attract real foreign direct investment with high added value."
Saleh continued, "Also, continuing the strength of traditional trade tributaries, especially in crude oil trade and traditional trade, will remain important factors in building our country's interests with the world, by dealing with Iraq's international partners, led by major friendly countries, namely India, Turkey, China, Korea, the United States, Japan, and sister and friendly countries such as the Emirates, Saudi Arabia, Iran and the rest of the neighboring countries."
The head of the National State Forces Alliance, Mr. Ammar al-Hakim, stressed during his speech at the mass gathering in Najaf on the anniversary of the martyrdom of the Martyr of the Mihrab, Grand Ayatollah Sayyid Muhammad Baqir al-Hakim {may his secret be sanctified} that combating corruption, establishing security, and building a balanced economy are our gateway to building a strong state, while calling for striving through Iraq to establish long-term economic ties and common interests that our peoples and the peoples of our Arab and Islamic region enjoy.
Mr. Ammar al-Hakim also stressed the importance of focusing on reconstruction projects, economic development, and increasing investments in the country. LINK
Government Advisor: Monetary Stabilization Mechanism Will Maintain Financial Stability In The Country
Economy | 11:04 - 01/03/2025 Mawazine News – Baghdad The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed today, Friday, that the Central Bank has adopted the monetary reinforcement mechanism to feed the national banks’ requests for foreign currency, indicating that the monetary reinforcement mechanism will maintain financial stability in the country.
Saleh told the official agency that "the function of the Central Bank will continue to move in two directions: the first is to meet the needs of national banks for foreign currency with their correspondents, which confirms that the new monetary reinforcement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the monetary sterilization policy that is concerned with controlling the levels of local liquidity by exchanging foreign currency for the dinar,"
noting that "the new monetary reinforcement mechanism will maintain a fixed exchange rate of 1,320 dinars for every 100 dollars, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through what is called the monetary transmission mechanism to achieve intermediate or real long-term objectives in achieving stability in the general price level or reducing the growth in inflation rates, and this comes in conjunction with the stability of the exchange rate and the growth of the money supply to achieve stability in the general price level."
Saleh added that "the second trend is to provide foreign currency to correspondents of national banks in order to facilitate the stability of the real supply of basic goods and services flowing into the domestic market with high fluidity, and to make compliance control of foreign currency transactions on two levels: national through the Anti-Money Laundering and Terrorist Funds Office, and external through the role of correspondent banks that undertake the task of auditing compliance issues."
https://www.mawazin.net/Details.aspx?jimare=258164
Gold Is Heading For Weekly Gains By More Than 1%
Friday 03, January 2025 10:21 | Economic Number of readings: 184 Baghdad / NINA / Gold prices witnessed a slight rise in early trading on Friday, after gains of 1 percent in the previous session, supported by demand for safe havens, while the focus is on the Federal Reserve's decisions on future interest rates as well as the trade tariffs proposed by US President-elect Donald Trump.
Spot gold rose 0.1 percent to $2,660.25 per ounce by 0018 GMT, hovering around its lowest level in more than two weeks, which it recorded on Thursday.
Gold has risen about 1.5 percent during the week so far. U.S. gold futures gained 0.2 percent to $2,673.90 an ounce.
Gold has emerged as one of the best performing assets in 2024, rising more than 27 percent in its biggest annual gain since 2010.
Among other precious metals, spot silver fell 0.1 percent to $29.54 an ounce, platinum was flat at $923.09, and palladium fell 0.2 percent to $909.74. /End8 https://ninanews.com/Website/News/Details?key=1178037
Iraqi Oil Continues To Maintain Gains
Economy | 03/01/2025 Mawazine News - Follow-up Iraqi oil recorded stability today, Friday, at a rise above 73 in global markets during the second day of trading of the year.
According to economic data, Basra Heavy crude recorded $70.19 per barrel, while the average recorded $73.29 per barrel, with a change rate of -0.16, respectively, for March 2025 delivery.
The data also showed an increase in global crude prices, as British Brent crude recorded $76.08, while US West Texas Intermediate crude recorded $73.32 per barrel, with a change rate of +0.15 and +0.18, respectively. https://www.mawazin.net/Details.aspx?jimare=258163
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
5 Reasons Everyone Seems Richer Than You
Rachel Cruze: 5 Reasons Everyone Seems Richer Than You
Rafaela Stalbalk Klose Wed, January 1, 2025 GOBankingRates
n today’s digital age, feeling like others are financially ahead is a common experience. Social media, advertising and the constant showcase of others’ lifestyles can create a pervasive sense of inadequacy, making it seem like everyone else is wealthier and more secure.
Understanding the factors that contribute to this perception and implementing effective financial practices — such as emphasizing net worth, setting clear goals and reducing reliance on debt — makes financial satisfaction more attainable. Rachel Cruze, personal finance expert and author, explored the reasons behind these feelings and provided strategies to regain financial confidence in a recent YouTube video.
Rachel Cruze: 5 Reasons Everyone Seems Richer Than You
Rafaela Stalbalk Klose Wed, January 1, 2025 GOBankingRates
n today’s digital age, feeling like others are financially ahead is a common experience. Social media, advertising and the constant showcase of others’ lifestyles can create a pervasive sense of inadequacy, making it seem like everyone else is wealthier and more secure.
Understanding the factors that contribute to this perception and implementing effective financial practices — such as emphasizing net worth, setting clear goals and reducing reliance on debt — makes financial satisfaction more attainable. Rachel Cruze, personal finance expert and author, explored the reasons behind these feelings and provided strategies to regain financial confidence in a recent YouTube video.
Remember, comparison is the thief of joy. Focusing on building a life that aligns with your personal financial goals and values is essential for creating a stable and fulfilling financial future.
The Influence of Comparison Culture
Comparison culture is more pervasive than ever, fueled by the constant scroll of social media and the influence of targeted advertising.
What once revolved around modest comparisons, Cruze said, like wearing American Eagle or Hollister, has escalated into showcasing luxury lifestyles, complete with $50,000 cars.
This relentless exposure to high-end living creates an unattainable standard for many, amplifying financial pressures and making it increasingly difficult to feel content with one’s own financial situation.
Debt as a Hidden Factor
Debt often fuels the illusion of wealth. Cruze pointed out that many people rely on credit cards, car loans, personal loans or home equity lines of credit (HELOCs) to finance trendy purchases, lavish vacations and frequent dining out.
This widespread reliance on borrowing creates a façade of financial security, masking the reality that many are grappling with mounting financial obligations. Recognizing how debt contributes to these perceptions can provide valuable perspective and reduce feelings of inadequacy when comparing financial situations.
Unseen Financial Circumstances
TO READ MORE: https://finance.yahoo.com/news/rachel-cruze-5-reasons-everyone-140010936.html
Warning for 2025: Central Banks Colluded for Cheap Money, This Is Their Plan | Nomi Prins
Warning for 2025: Central Banks Colluded for Cheap Money, This Is Their Plan | Nomi Prins
Kitco News: 1-3-2024
2024 was a rollercoaster for central banks, as G10 nations collectively slashed rates by a staggering 650 basis points—mirroring the unprecedented monetary actions of 2020.
But what does this coordinated policy shift mean for inflation, debt, and the real economy in 2025? Dr. Nomi Prins, geo-macro economist, bestselling author, and founder of Prinsights Global, joins Kitco News to break it all down.
Warning for 2025: Central Banks Colluded for Cheap Money, This Is Their Plan | Nomi Prins
Kitco News: 1-3-2024
2024 was a rollercoaster for central banks, as G10 nations collectively slashed rates by a staggering 650 basis points—mirroring the unprecedented monetary actions of 2020.
But what does this coordinated policy shift mean for inflation, debt, and the real economy in 2025? Dr. Nomi Prins, geo-macro economist, bestselling author, and founder of Prinsights Global, joins Kitco News to break it all down.
From her analysis of global central bank collusion to her inflation predictions, Dr. Prins delivers sharp insights and actionable strategies for investors navigating a volatile financial landscape. Dr. Prins shares her outlook for gold, Bitcoin, and commodities in 2025, offering her predictions on price movements and key drivers.
She also discusses systemic risks in the banking sector, the implications of soaring global debt, and the rise of central bank digital currencies. Whether you're an investor seeking to hedge against uncertainty or a viewer curious about the future of money, this conversation is packed with must-know insights to stay ahead in the year ahead.
00:00 Introduction
00:25 Central Banks' Rate Cuts
02:25 Inflation and Its Real-World Effects
05:31 Global Debt and Economic Growth
22:19 Geopolitical Risks and Financial System Stability
23:52 CBDCs and Privacy Concerns
30:02 Investment Strategies for 2025
38:21 Conclusion
Weekend Chat With MarkZ 1-4-2024
Weekend Chat With MarkZ 1-4-2024
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
MZ: We spend the first 45 minutes with Matt and Lucas at CBD Gurus ….then the news
Member: Good Morning and welcome to another weekend
Member: What good news for us on the first weekend of the new year mark?
Weekend Chat With MarkZ 1-4-2024
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
MZ: We spend the first 45 minutes with Matt and Lucas at CBD Gurus ….then the news
Member: Good Morning and welcome to another weekend
Member: What good news for us on the first weekend of the new year mark?
MZ: What I am hearing on the bond side is they are expecting their payments on the 7th, 8th and 9th. This is from the majority of my bond contacts. We are hopeful this time it will actually occur.
Member: Those poor historic bond folks ….They are victims of “the boy who cried wolf” just like us.
MZ: it appears a lot of stuff is positioned in this process. Maybe waiting on congress and confirmations?? Is it a coincidence?
Member: they are supposed to certify the election and Trump as President on Monday…..that could be big.
MZ: Seems like a lot of scheduled to start on the 7th after the certifications on the 6th. Maybe it’s a coincidence and maybe it’s not.
Member: Maybe things are positioned for a “shotgun start” after the 6th???
MZ: Still quiet on CMKX …but there are a number of groups who are also positioning for this week. Hopefully for actual payments. They were told to “be prepared to execute” meaning to make sure accounts are ready and know the exact figures.
MZ: I am hopeful and think that at the bare minimum…information will start to get much better….starting midday on Monday. The holidays really cut into getting information.
MZ: In Iraq-It appears the final step in de-dollarization is happening..…that is what I was told…although my one contact told me to not worry and this is de-dollarization before the change. …but, The central Bank of Iraq is claiming they sold one billion in 4 days. They keep saying auctions have stopped but we are seeing evidence they are still moving foreign currency. We are not sure what is going on – but we are watching it. Things are quite confusing.
MZ: “The Iraqi government succeeds in removing 10 billion dinar from the corrupt in 2024” more good news.
MZ: “ Government Advisor: The growth rate of non-oil GDP during 2024 is unprecedented” Its great to see non oil revenues sky-rocketing…this will help support the value of the dinar.
MZ: ”Within a week, Iraq surpasses Saudi Arabia by exporting 212,000 barrels per day to America” more that twice as much as Saudi Arabia. This is huge.
MZ: “Oil and gas law is the salvation of the outstanding files between Baghdad and Erbil” this discussion is really hearing up again. Along with smaller notes discussions and HCL discussions. They want us to know the Oil and Gas law will solve all outstanding problems.
Member: Articles are all sounding the same as last year…..Maybe Iraq is stalling while waiting on the US to get their act together?
Member: Don’t give up everyone…it will happen SUDDENLY
MarkZ does a lot of math according to articles and how the numbers easily support a rate of $3.50 to $4.00. Please listen to the replay for all those figures.
Member: tonight is Saturday night where all the banks close all around the world. Fingers crossed.
Member: Thanks to Mark and the mods…..everyone have a wonderful weekend and those affected by storms….stay safe.
Member: Happy Birthday to everyone celebrating this weekend! Blessings!
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
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/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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!
News, Rumors and Opinions Saturday 1-4-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 4 Jan. 2025
Compiled Sat. 4 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
On Mon. 6 Jan. 2025 the Quantum Financial System (QFS) could possibley officially be activated Worldwide.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 4 Jan. 2025
Compiled Sat. 4 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
On Mon. 6 Jan. 2025 the Quantum Financial System (QFS) could possibley officially be activated Worldwide.
Thurs. 2 Jan. 2025 Bruce: Iraq had a 9allegedly) new in-country rate on New Years Day. Tier4b (us, the Internet Group) could be notified to call for exchange appointments anywhere from Friday 3 Jan. to Sunday 5 Jan.
Thurs. 2 Jan. 2025 Frank26 and WalkingStick: Iraq’s foreign minister was in DC and gave the new Dinar Rate to the US Treasury. The US has now been paid in full and has lifted the remaining sanctions on the Iraqi Banks!
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(Please consider this as RUMOR)
Fri. 3 Jan. 2025 HISTORIC: QFS Now in Full Control – Elite’s Billions Confiscated, DNA Verification Enforced, Quantum Wealth Transfer Begins, Redemption Cards Activated, EBS Ready, and Starlink Secures the Grid! …Gitmo TV on Telegram
The final phase of Operation Phoenix is (allegedly) underway, marking a historic turning point in the battle for global financial liberation. Trump’s re-election has (allegedly) solidified his control over GESARA and accelerated the dismantling of the corrupt financial system. December 2024 brings undeniable progress with stakes higher than ever.
GESARA Teachings: The Key to Navigating the New World: GESARA isn’t just about wealth redistribution—it’s a lifeline for thriving in the era of the Quantum Financial System (QFS). Grasping the teachings is essential to engage with Redemption Centers or access reclaimed funds. These principles guide the dismantling of the deepstate’s financial grip, ensuring transparency and empowerment.
Operation Phoenix Intensifies: Trillions in Elite Assets (allegedly) Seized: In late December 2024, elite teams seized over $3 trillion in global assets. Major financial hubs, including Singapore, Dubai, and New York, were raided, targeting the corrupt elite. These assets are now (allegedly) funneled into the GESARA wealth redistribution initiative. Trump’s team has (allegedly) neutralized key players in the banking cartel, signaling the end of the Federal Reserve and IMF.
New Quantum Vaults (allegedly) Activated: The QFS unveiled Quantum Vaults, secure digital storage for reclaimed wealth. Using quantum encryption powered by Starlink, these vaults ensure transparent and secure distribution of funds. Quantum Access Cards, enhanced with biometric pulse-reading technology, guarantee only(allegedly) authorized access linked directly to an individual’s DNA.
Starlink Expands Q-Grid: Global Emergency Updates Begin: Starlink’s Q-Grid now covers (allegedly) 100% of the Earth’s surface. As of December 28, 2024, Global Emergency Updates began(allegedly) broadcasting GESARA progress and EBS updates directly to the people, bypassing traditional media channels. Trump’s team is (allegedly) preparing for a major January 2025 announcement regarding the wealth transfer.
Operation Sentinel: New Deployments to Safeguard Redemption Centers: AI-powered tactical units are deployed under Operation Sentinel to protect Redemption Centers. These units neutralize threats using quantum surveillance technology. Deepstate sabotage efforts to disrupt Redemption Centers have (allegedly) been thwarted by QFS algorithms ensuring the security of the rollout.
Elite Takedown Expands to Underground Networks: GESARA teams have (allegedly) raided underground bunkers in Antarctica, the Swiss Alps, and the Nevada desert, (allegedly) uncovering free energy devices and advanced medical tools. These discoveries will (allegedly) soon be released under Trump’s vision for a self-sustaining World.
Starlink-EBS Integration: Prepare for the January 2025 Event: The EBS is now (allegedly) fully integrated with Starlink’s Q-Grid, preparing for a global 48-hour communication lockdown in January 2025. During this time, (allegedly) the truth about the old financial system, the elite’s takedown, and the full activation of the QFS will be broadcast, marking the beginning of the largest wealth redistribution in history.
The Revolution Cannot Be Stopped: As we approach 2025, humanity stands on the brink of financial liberation. The QFS, GESARA, and Redemption Centers are weapons against financial oppression. The elite’s power is crumbling, and nothing can stop what is coming. Align with the QFS—the dawn of a new era is here.
Read full post here: https://dinarchronicles.com/2025/01/04/restored-republic-via-a-gcr-update-as-of-january-4-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question: "How many major banks are there participating in the exchange?" I don't know that yet. But I believe that every major bank will be involved. [Iraq boots-on-the-ground report] FIREFLY: Television again says Iraq has ended the dollar auctions but we knew this yesterday but I guess it's important. FRANK: ...Every day until the 7th IMO is going to be very exciting with a lot of information...
Jeff They're implementing their banking reforms. You have no idea how close you are to this rate change. This is Iraq implementing their banking reform right in front of us. The electronic platform for selling dollars has been suspended. That means the currency auctions have ended...That's a critical piece to this. That's the banking reform getting implemented. That's Iraq preparing to revalue their currency. That makes this month of January extremely critical regarding our investment and the revaluation of Iraq's currency.
RED ALERT: Stock Market Downturn Imminent | Michael Oliver
Liberty and finance: 1-3-2024
Michael Oliver discusses the current state of the economy, focusing on the implications of central banking policies, stock market trends, and the potential for a financial crisis.
He analyzes the indicators suggesting a market top, the resilience of gold and silver as safe havens, and the risks associated with long-term investments in the current economic climate.
The discussion emphasizes the interconnectedness of various asset classes and the historical context of market behaviors during crises.
INTERVIEW TIMELINE:
0:00 Intro
1:51 Stock market downturn
14:40 Gold market
23:55 Long-term assumptions
26:51 Momentum Structural Analysis
Iraq Economic News and Points to Ponder Saturday AM 1-4-25
After The Electronic Platform Stopped...An Answer To Questions From Iraqi Circles About The New Dollar Mechanism
Economy 2025-01-02 | 4,898 views citizens asked Many Iraqi questions about the new mechanism for trading the dollar in Iraq and the method of withdrawing or buying it after the official cessation of the electronic platform.
Governor of the Central Bank, Ammar Khalaf, said Deputy yesterday, “The working mechanism of the electronic platform related to foreign transfers has stopped working on it, but financing foreign trade continues through correspondent banks according to various mechanisms that are equivalent to what is done in countries of the world.”
After The Electronic Platform Stopped...An Answer To Questions From Iraqi Circles About The New Dollar Mechanism
Economy 2025-01-02 | 4,898 views citizens asked Many Iraqi questions about the new mechanism for trading the dollar in Iraq and the method of withdrawing or buying it after the official cessation of the electronic platform.
Governor of the Central Bank, Ammar Khalaf, said Deputy yesterday, “The working mechanism of the electronic platform related to foreign transfers has stopped working on it, but financing foreign trade continues through correspondent banks according to various mechanisms that are equivalent to what is done in countries of the world.”
Many citizens asked about the platform’s news, which Alsumaria News published on Facebook, about the
electronic platform and its work,
what will happen to the dollar, and
whether Iraq will witness a new rise in currency exchange rates.
One of the citizens said through the comment feature:
“What is the purpose of the electronic platform? Can someone explain,” while another responded by saying, “The siege will return to Iraq and the exchange rate will be at least 250 thousand Iraqi dinars for 100 dollars.”
Another wondered about "the continued arrival of foreign remittances to Iraq and the giving of currency to travelers," while another pointed out that "unemployment will return, food prices will double 4 times above normal, and famine will return to Iraq."
Others praised the decision to stop the electronic platform, considering it “an effective government achievement that will benefit one after another and a transformation process that enhances the economic role and prepares for investment opportunities with full confidence, and that the
government is playing a supervisory role over markets and money exchanges, and the dinar is dealt with only to raise the value of the Iraqi dinar.”
Another pointed out that “the platform was a front for stealing the dollar, and therefore imposing censorship through the financial transfer through the bank will contribute to balancing the market and controlling the rise of the dollar,” and another supported him by saying that “this step may have several reasons, such as:
1- Controlling the dollar exchange rate: An attempt to stabilize the price of the dollar against the Iraqi dinar by limiting the flow of the dollar. uncontrolled
2- Preventing dollar smuggling: If there are indications that the dollar is being used in smuggling operations or that there is an inflation in demand for it due to illegal purposes.
3- Strengthening the local economy: Reducing dependence on the dollar and supporting the local currency by reducing the circulation of the dollar in the markets.
Possible Outcomes:
Dollar prices rise on the black market if there are no alternatives to meet demand.
Impact on merchants and companies that depend on the dollar for imports, which may lead to higher prices for imported goods.
Tightening financial oversight to try to prevent fraud and circumvention of policies. Therefore, the effects will depend on the way this decision is implemented and the extent to which there are alternative plans to provide dollars to the commercial and service sector.” It should be noted that
"Travelers' dollar"
“the Central Bank clarified that granting dollars to travelers continues at airports according to the approved mechanism, which is considered the best in restricting the traveler’s access to dollars,” noting that
“this decision is part of a series of reforms aimed at facilitating financial procedures and stimulating the economy.”
What Is The “Electronic Platform”
The electronic platform for money transfers is a mechanism that has been adopted to
ensure the regulation of foreign cash transfers and
limit manipulation of exchange rates.
It works to document
commercial operations and the
transfer of funds by banks and financial companies,
ensuring more effective control over hard currency flows inside and outside the country.
Will Canceling The Platform Affect The Price Of The Dollar?
The impact of canceling the platform on the price of the dollar will be reflected in the prices as follows:
1- Increased demand for the dollar on the black market.
With the absence of an electronic platform, the demand for the dollar on the black market may increase as a result of the absence of control mechanisms, which leads to an increase in exchange rates outside official channels.
2- Weak confidence in the dinar, as canceling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure market stability.
Weak confidence means that citizens and investors may withdraw their money in dinars and convert them to the dollar as a safe haven.
3- The impact of smuggling and money laundering, as canceling the platform may eliminate strict control over dollar smuggling operations, and smuggling and money laundering practices may expand, which will increase the demand for the dollar and affect the reserves of the Central Bank. greatly
4- The market’s dependence on supply and demand.
With the cancellation of the platform, the currency market may become more affected by direct supply and demand.
This may lead to severe fluctuations in the exchange rate, especially under unstable economic and political conditions.
Will The Dollar Rise?
The government and the central bank can rely on other supervisory tools, such as strengthening the role of local banks, placing strict restrictions on foreign transfers, activating alternative supervisory tools, or pumping more dollars into the market to meet demand and maintain price stability.
Investment can also be encouraged and dependence on foreign currencies reduced, to relieve pressure on the dollar and enhance the strength of the dinar, and all of these measures can maintain dollar prices.
Government Advisor: The Monetary Enhancement Mechanism Will Maintain Financial Stability In The Country
Economy Today, Baghdad - INA - Amna Al-Salami The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Friday, that the Central Bank has adopted the monetary enhancement mechanism to feed national banks’ requests for foreign currency, indicating that the
monetary enhancement mechanism will maintain financial stability in the country.
Saleh stated to the Iraqi News Agency (INA) that “the function of the central bank will continue to move in two directions: the first is to meet the needs of national banks for foreign currency with their correspondents, which confirms that the new monetary enhancement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the policy of monetary sterilization.”
Which is concerned with controlling local liquidity levels by exchanging foreign currency for dinars,” pointing out that “the new monetary enhancement mechanism will maintain a fixed exchange rate of 1320.”
One dinar for every 100 dollars, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through the so-called monetary transfer mechanism to achieve the intermediate or real long-term objectives in achieving stability in The general level of prices or reducing the growth in inflation rates, and
this comes in conjunction with the stability of the exchange rate and the growth of the money supply to achieve stability in the general level of prices.” Saleh added,
“The second trend is to provide foreign currency to correspondents of national banks in order to facilitate the stability of the real supply of basic goods and services flowing to the internal market with high smoothness, and to make compliance control over the disposal of foreign currency at two levels:
national through the Office of Combating Money Laundering and Terrorist Funds, and
external, represented by “The role of correspondent banks that undertake the task of auditing compliance issues.” https://www.ina.iq/224986--.html
Closing The Dollar Selling Platform...An American Directive That Raises Concerns About Market Stability And Rising Prices
January 2 09:43 Information / Baghdad.. The Central Bank announced the closure of the dollar selling platform at the end of the fiscal year, a measure that comes within the ongoing directives by the US Treasury to tamper with the Iraqi economy.
However, this decision raises growing concerns about its potential impact on demand and dollar prices in the local market, especially in light of the current economic conditions.
Closing the platform is expected to lead to an increase in demand for the dollar in the parallel market, as many importers and traders rely on purchasing hard currency to meet their needs.
In the absence of the usual supply through the official platform, they may resort to alternative markets to obtain dollars, which leads to increased pressure on prices.
Economic observers point out that the rise in demand accompanied by a decline in supply will inevitably lead to an increase in the price of the dollar against the dinar, and
this rise may be directly reflected in the prices of goods and services, which adds an additional burden on citizens, especially with the decline in purchasing power as a result of high inflation rates.
Regarding the issue, economic expert Safwan Qusay said in an interview with the Maalouma Agency,
“The Central Bank of Iraq announced the end of work on the electronic platform for banking transactions as of the beginning of the new year, after notifying all Iraqi banks of the cancellation decision early on.” He added,
"13 Iraqi banks were able to adapt to this change, as
they expanded their dealings with real merchants, bringing the percentage of transfers and credits made through direct relationships between Iraqi banks and supplier banks to more than 95%." He stated that
"these operations are carried out in accordance with strict compliance standards that ensure knowledge of suppliers and payment mechanisms." He continued by saying,
"For 5% of the transfers that were made through the electronic platform, merchants wishing to continue import operations at the official price can open bank accounts within these banks." He pointed out that
"the Central Bank issued a circular dated September 30 last year allowing merchants to import directly after opening bank accounts, without the need for a waiting period that previously extended to six months." He explained,
"The market may witness some fluctuations, but he ruled out the possibility of achieving large profits from importing irregular goods, in light of the Iraqi economy, which relies heavily on the dollar and its high value globally." He pointed out that
"the Iraqi economy will not face major fears as a result of this change, stressing the importance of adhering to banking procedures to ensure market stability and facilitate import operations."
Closing the dollar selling platform may be a technical measure linked to the end of the fiscal year, but it raises economic and social challenges that must be treated with caution.
Maintaining market stability and the exchange rate requires effective coordination between the central bank and the government, while developing proactive plans to avoid worsening the economic crisis. Ended 25/S
https://almaalomah.me/news/87024/economy/إغلاق-منصة-بيع-الدولار-توجيه-أميركي-يثير-المخاوف-بشأن-استقرا
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Saturday Morning 1-4-25
Good Morning Dinar Recaps,
RIPPLE PRODUCES 600,000 RLUSD TOKENS WHILE STRATEGICALLY LIMITING CIRCULATING SUPPLY
▪️Ripple strategically increases RLUSD supply while keeping the token’s market cap steady.
▪️RLUSD is 7% over-collateralized, backed by $83 million reserves for enhanced stability.
▪️Ripple limits RLUSD circulation to maintain price stability amid competitive stablecoin markets.
Good Morning Dinar Recaps,
RIPPLE PRODUCES 600,000 RLUSD TOKENS WHILE STRATEGICALLY LIMITING CIRCULATING SUPPLY
▪️Ripple strategically increases RLUSD supply while keeping the token’s market cap steady.
▪️RLUSD is 7% over-collateralized, backed by $83 million reserves for enhanced stability.
▪️Ripple limits RLUSD circulation to maintain price stability amid competitive stablecoin markets.
Ripple, the blockchain-based digital payment company, has made headlines with the creation of 600,000 new RLUSD tokens. Despite this production, the cautious move by Ripple has left many wondering if Ripple is carefully managing the coin’s value and making sure it stays strong in the competitive crypto market.
Ripple Produces 600,000 RLUSD Token
Ripple’s RLUSD stablecoin currently holds a market cap of 53.1 million tokens, even after the recent creation of an additional 600,000 tokens. This indicates that despite producing more tokens, Ripple is maintaining a steady supply.
The company has secured approximately $83 million in reserves, which are backing over $77.2 million worth of RLUSD tokens. This means the stablecoin is 7% over-collateralized, reflecting Ripple’s effort to provide stability and reliability to the token
Furthermore, Ripple has promised to release its first attestation report within 30 days of RLUSD’s public launch. This report will detail the composition of the assets backing the stablecoin, adding transparency to Ripple’s operations and reinforcing its credibility.
Ripple’s Master Plan
Despite the recent creation of more tokens, analyst Arthur believes the company is controlling the supply of RLUSD to keep its value stable. If too many tokens are released too fast, could drop their price, which Ripple wants to prevent.
By limiting the supply now, Ripple may be positioning itself for future conditions that could drive higher demand and adoption of RLUSD.
As Ripple faces robust competition from major players like Circle and Tether, its careful supply management and growing presence in the market could make RLUSD a strong contender in the stablecoin space.
RLUSD’s Role in the XRP Ecosystem
In addition, Ripple President Monica Long believes RLUSD could set a new standard for stablecoins, citing its strong regulatory compliance as a key advantage. By adding RLUSD to the XRP ecosystem, Ripple hopes to increase XRP’s usefulness and improve liquidity for large institutional trades.
This move could make the network even more attractive, especially after Ripple’s partial legal victories, which clarified XRP’s classification in certain situations.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
BRICS NEWS: BRICS NATION ANNOUNCES INTENT TO EMBRACE TRUMP, US AMID TARIFF
In what is a rather surprising turn of events, one BRICS nation has announced its intent to embrace US President-elect Donald Trump and his incoming administration amid the ongoing 100% tariff threat. Indeed, the returning president has been clear on his stance regarding the alliance’s de-dollarization efforts.
In a post to his social media platform late last year, Trump stated he would impose tariffs on BRICS nations. The warning targeted those global south countries attempting to create their own trade currency. For much of his presidential campaign, Trump has noted the importance of maintaining the global status of the greenback.
BRICS Country Turns to Trump? 100% Tariff Warning Drives Plea for Cooperation
The last two years have seen the BRICS bloc increase its prominence on a global scale. Indeed, the economic alliance has sought to challenge the status quo and brought forth renewed de-dollarization efforts. Those pursuits appear to be going off without a hitch until the tail end of 2024.
With the impending arrival of a new president, things are shifting in the United States. Moreover, as a stark warning has been issued, one BRICS nation has announced its intent to embrace Trump and the US as tariffs loom. Moreover, it could lead to a groundbreaking shift for the economic collective.
Indeed, India has reportedly called to strengthen cooperation with the United States, according to officials. Specifically, they have stated clearly their desire to strengthen an economic relationship with the West.
“We are looking forward to a very deep and substantive engagement with the new US administration,” India’s Trade Minister said, according to a Reuters report. To this point, India has embraced bilateral relations with the United States for the Obama, Biden, and first Trump administrations.
Although it is no surprise that it is set to continue, things do appear different in 2025. The BRICS bloc has drawn its line in the sand and made its feelings about the US dollar known. Moreover, America has responded in kind. Ultimately, it will provide an incredibly intriguing geopolitical development to take place over the next year.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
IS THIS THE MOST IMPORTANT CONSTITUTION CALL OF 2025? | Youtube
Will much of DC be gutted and authority returned to the States? Will the American Congress be rebuilt and reseated in Philadelphia Hall? Is it true the Municipal Contractor is withdrawing from America? What does all this mean? Can we possibly UNLEARN the wrongs that we accepted and relearn the correct freedoms we lost? Does the banking system have authority over us? Are mortgage promissory notes legal? Can our government own land? You can listen to the call on the Seeds of Wisdom Team Youtube Channel at the link above.
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
“Tidbits From TNT” Saturday Morning 1-4-2024
TNT:
Tishwash: New holiday for all Iraqis
Witnesses next week vacation Official next Monday on the occasion of memory establishment Army Iraqi Al-Basel, according to the Official Holidays Law No. 12 of 2024.
It will be on Monday, January 6th. vacation Official for all Iraqis On the occasion of the 104th anniversary of the founding of Army Iraqi The brave. link
TNT:
Tishwash: New holiday for all Iraqis
Witnesses next week vacation Official next Monday on the occasion of memory establishment Army Iraqi Al-Basel, according to the Official Holidays Law No. 12 of 2024.
It will be on Monday, January 6th. vacation Official for all Iraqis On the occasion of the 104th anniversary of the founding of Army Iraqi The brave. link
Tishwash: Is Iraq facing a cash crisis?
The amount of money sold, domestically and internationally, by the Central Bank in dollars this year has exceeded $62 billion, resulting in the receipt of dinars in equivalent proportion, averaging approximately 80.6 trillion dinars for the year. Non-oil revenues generated from taxes, fees, and customs by the end of October 2024 amounted to 14.3 trillion dinars.
Combined, these revenues total around 95 trillion dinars. However, by the end of October, Iraq's total expenditures had reached 122 trillion dinars. With two months of expenditures still unaccounted for, it is evident that the dinar reserves derived from oil-based dollar revenues have been exhausted.
This comes despite reports from the Central Bank's Foreign Currency Selling Window, which indicate that total transfers abroad (remittances and credits) this year have reached the highest level in seven years—34% higher than last year. Similarly, dinars returned to the Central Bank and subsequently to the Ministry of Finance in proportion to this increase. So why is there talk of a cash shortage affecting the distribution of December salaries for some ministries in Baghdad and the November salary allocations for the Kurdistan Region?
According to reports from the Iraqi Ministry of Finance on revenues and expenditures, total expenditures for the first nine months of this year amounted to 94.5 trillion dinars, including 85 trillion dinars in operating expenses and 9.5 trillion dinars in investment expenses. However, according to the Ministry of Finance's October report, total expenditures had climbed to 122.7 trillion dinars, with operating expenses accounting for 100.6 trillion dinars and investment expenses rising to 22 trillion dinars.
Looking back at previous months, it becomes evident that average monthly expenditures ranged between 10 and 11 trillion dinars. For instance, total expenditures from the beginning of the year to July were 73 trillion dinars, increasing to 83 trillion dinars in August and 94 trillion dinars in September—demonstrating consistent monthly spending within this range.
However, expenditures surged dramatically in October, reaching 28.2 trillion dinars and bringing the total for the year to 122 trillion dinars by the end of that month. This significant jump was driven by increases in both operating and investment expenditures. Operating expenditures, which typically ranged from 9 to 10 trillion dinars per month, rose to 15.6 trillion dinars in October, while investment expenditures, previously averaging 1 trillion dinars per month, soared to 12.6 trillion dinars in the same period.
As a result of the excessive expenditures in October, the Ministry of Finance now lacks the cash needed to cover expenses at the end of the year. October's spending was nearly triple the average monthly expenditure of previous months.While total revenues for the first 10 months exceeded expenditures, converting the full oil revenue—received in dollars—into Iraqi dinars or conducting domestic transactions in dinars has not been feasible which is due to government policies mandating that all domestic transactions must be conducted in dinars, while foreign transactions must be conducted in dollars and processed through remittance.
According to the Iraqi Ministry of Finance, October's expenditures rose so significantly that the total amount of dinars generated from selling dollars domestically and internationally, combined with non-oil domestic revenues, was insufficient to cover the spending. Total expenditures for the month reached 28 trillion dinars, approximately 18 trillion dinars more than in previous months. It remains unclear how the Ministry of Finance plans to manage expenses for the remainder of the year, as 95% of Iraq's currency is held outside the banking system, which amounts to 95.5 trillion dinars out of a total of 101.3 trillion dinars by the end of November 2024.
The underlying issue here highlights the weaknesses in Iraq's monetary system and the absence of a coherent expenditure and revenue policy. Despite having not spent 60% of its allocated budget, the Ministry of Finance is already encountering significant challenges. Had the budget been fully implemented as planned, cash shortages would likely have arisen mid-year rather than at year-end.
In conclusion, is it true that Iraq has cash problems? Yes, Iraq is indeed facing cash problems. However, these issues are not caused by low oil revenues, declining oil prices, or a shortage of money or dollar issuance. Instead, the root cause lies in the government's economic expenditure policy, which allowed spending to surge by approximately 300% in a single month. link
************
Tishwash: Government Advisor: Monetary Stabilization Mechanism Will Maintain Financial Stability in the Country
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the Central Bank has adopted the monetary reinforcement mechanism to feed the national banks' requests for foreign currency, indicating that the monetary reinforcement mechanism will maintain financial stability in the country.
Saleh told the Iraqi News Agency (INA) that "the function of the Central Bank will continue to move in two directions: the first is to meet the needs of national banks for foreign currency with their correspondents, which confirms that the new monetary reinforcement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the monetary sterilization policy that is concerned with controlling the levels of local liquidity by exchanging foreign currency for the dinar,"
Noting that "the new monetary reinforcement mechanism will maintain a fixed exchange rate of 1,320 dinars for every dollar, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through what is called the monetary transmission mechanism to achieve intermediate or real long-term goals in achieving stability in the general price level or reducing growth in inflation rates, and this comes in conjunction with the stability of the exchange rate and the growth of the money supply to achieve stability in the general price level."
Saleh added that "the second trend is to provide foreign currency to correspondents of national banks in order to facilitate the stability of the real supply of basic goods and services flowing into the domestic market with high fluidity, and to make compliance control of foreign currency transactions on two levels: national through the Anti-Money Laundering and Terrorist Funds Office, and external through the role of correspondent banks that undertake the task of auditing compliance issues." link
Mot: Coming Sooooon -
Mot: . Brrrrrrrrrrrr -- its cold outside where Yous is --- HUH!!! Alaska temps
MilitiaMan & Crew Iraq Dinar News-CBI Streamlined International Transfers-ASYCUDA System-Reinforcement Mechanism
MilitiaMan & Crew Iraq Dinar News-CBI Streamlined International Transfers-ASYCUDA System-Reinforcement Mechanism
1-3-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew Iraq Dinar News-CBI Streamlined International Transfers-ASYCUDA System-Reinforcement Mechanism
1-3-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..