KTFA
Wednesday Night Conference Call
FRANK26….6-5-24…….THE MEETING
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
]]>Iraqi Dinar Today Video Update Wednesday Afternoon 6-5-24
Citibank Announced Iraqi Dinar Holders RV Rate – 3:17
Iraqi Dinar Really , Latest Rate at $2.86 – 4:16
Wells Fargo & Citibank Windows Open – 4:52
Amazing Dong Hit Again $2.86 And Dinar $4.25 Finally – 4:55
Citibank Announced Iraqi Dinar Holders RV Rate – 3:17
https://www.youtube.com/watch?v=6ZIjgFED2gg
Iraqi Dinar Really , Latest Rate at $2.86 – 4:16
https://www.youtube.com/watch?v=zg5bQA_LrJc
Wells Fargo & Citibank Windows Open – 4:52
https://www.youtube.com/watch?v=rcHESbAhPFM
Amazing Dong Hit Again $2.86 And Dinar $4.25 Finally – 4:55
]]>Goldilocks' Comments and Global Economic News Wednesday Evening 6-5-24
Good evening Dinar Recaps,
NEW YORK, N.Y.— "The Commodity Futures Trading Commission’s Global Markets Advisory Committee (GMAC), sponsored by CFTC Commissioner Caroline D. Pham, advanced two recommendations to examine the impacts of proposed U.S. bank capital requirements and to improve collateral and liquidity management for non-centrally cleared derivatives." |CFTC
Recommendations:
1. Global Market Structure Subcommittee Recommendation – "Report on the Impact of the US Bank Capital Proposals on End-Users that Rely on Cleared Derivatives Markets"
This first recommendation deals with Capital Requirements and corresponding collateral that is put up to ensure that both sides of a trade moves through the system.
In many cases, this will represent gold for large transactions inside of large foreign currency exchanges.
The London Clearing House and the Chicago Mercantile Exchange are two examples of Clearing Houses that will process our transactions.
2. Technical Issues Subcommittee Recommendation – "Variation Margin Processes in Non-Centrally Cleared Markets"
Non-centrally cleared markets happen in markets where transactions are moved through the system without the involvement of a central counterparty or custodian.
Examples of non-centrally cleared markets include:
* Non-centrally cleared bilateral repo (NCCBR) market
This concept deals with credit given on both sides of a trade to execute the process allowing a trade to go forward.
* Non-centrally cleared derivatives (NCCDs)
And, this concept deals with clearing derivative product details such as interest rates, foreign exchange trades, credit, commodity, and Equity trades.
On the new Digital Asset Based Trading System, Smart Derivative Contract Clearing can now be done through digital mechanisms capable of processing these informational data points at the touch of a button.
Here, we haveGold and Technology merginginto synchronized partnerships designed to clear a market transaction or a banking portfolio with a few strokes of a keyboard. CFTC
© Goldilocks
~~~~~~~~~
Instant Cross-Border Payments Announcement:
"The BIS unveiledProject Rialto (https://www.bis.org/about/bisih/topics/cbdc/rialto.htm)a new foreign exchange (FX) module looking to improve FX settlement for instant cross border payments. It will use wholesale central bank digital currencies (wholesale CBDC) as the settlement asset. The FX module could be used as an add on for solutions that interlink instant payment solutions, such as Project Nexus, or as part of a digital asset settlement solution."
Wholesale CBDC will be utilized in foreign currency exchanges. I know many of you will have a question about this procedure, so I looked into it a little bit further to give you the following sentence. Once your funds reach your personal banking account, it does not transition into Retail CBDC.
A retail CBDC is for general public use, and wholesale CBDC is for the banking system to utilize. It remains to be seen at what level we will see a retail CBDC if at all. If retail CBDC is adopted, the public has made it known that the government is going to have to continue working on the privacy issue. Time will tell on this one. BIS Ledger Insights World Economic Forum
© Goldilocks
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Deutsche Bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian (as part of the asset and wealth management workstream). The collaborative initiative is dedicated to testing the feasibility of asset tokenization applications in regulated financial markets. |The Tokenizer
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Tokenized Exotic RWAs Are Piquing Investor Interest |Forbes
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The U.S. Faster Payments Council (FPC) has recognized Ripple among companies like Visa and Mastercard set to compete for dominance in currency conversion for digital assets. |The Crypto To Basic
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France’s prudential regulator advances work on certification of smart contracts |Ledger Insights
As part of aspeech (https://www.banque-france.fr/en/governors-interventions/future-money-regulatory-and-policy-issues-related-introduction-cbdcs)earlier this week, the First Deputy Governor of theBanque de France (https://www.banque-france.fr/), Denis Beau, revealed that the ACPR is working with the industry to certify smart contracts. The Autorité de Contrôle Prudentiel et de Résolution, ACPR, is the prudential regulatory arm of the central bank.
“Work is continuing in 2024 with stakeholders on one of the ACPR’s key proposals, namely the mandatory certification of smart contracts prior to their use,” he said. Mr Beau noted that early French crypto-asset regulations had heavily influenced the MiCA regulations.
Last April the ACPR shared some proposals on the possibility of regulating DeFi. They fell into three buckets:
* Security standards for private DLTs and public blockchains
* Certifying smart contracts
* Regulating DeFi entry points such as websites.
~~~~~~~~~
Can Ripple take over SWIFT? WhileRipple might have the potential to take over SWIFT, it is also possible that SWIFT might leverage its considerable resources and reputation and pivot its services to include blockchain technology in some format. |Daily Coin
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Bretton Woods 3 - New World Monetary Order |Youtube
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5 yr projections |US Debt Clock
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"Tokenization can leverage the efficiency and transparency of blockchains to help modernize U.S. markets." |Twitter
~~~~~~~~~
UAE Central Bank Approves Stablecoin Licensing –CryptoMode
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“Iraq to Start Mining Bitcoin with UAE on Nation-State Level” |Youtube
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Thank youDinar Recaps
]]>Wednesday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening Mark, Mods and Members
Member: Let's get this RV over with already
Member: Mark, do you think the US is holding this process back?
MZ: I don’t think the US is holding us back. I think at this point even the US is desperate for the reset.
MZ: Nader dropped a new video this afternoon. Sudani signed a cooperation agreement with the trade bank of Iraq and the German export credit corporation. If everybody thought nothing was going to happen in Iraq -then they would not be signing these extremely high level deals. You are watching them become a major player on the international stage. I found this one encouraging.
MZ: One of the things they are going to need to be taken seriously on the world stage is the value of their currency. Vietnam is also running into that problem right now. They need to revalue up.
MZ: “Zimbabwe central bank is ironing out wrinkles in new currency.” The new gold backed currency is performing well. But has mixed public reviews. Why are their mixed public reviews? Well there is not enough currency….its to popular. That is their growing pain right now as they aggregate gold to put more ZIG in circulation. This tells us about the wonderful success of gold/asset backed currency.
MZ: I hear there is a lot going on behind the scenes on the bond side. Some people trying to add another box or two of bonds to their exchanges….having to go through the vetting process again. But this is nothing that will delay us or slow us.
MZ: But myself and some of you have reported seeing some solid progress…they are just waiting to see the money.
MZ: No CMKX news….unfortunately . They continue to update Fines and Penalties and they continue to be told they could release those to us at any moment. And they should go the same time as we go.
Member: I’m new- what is CMKX?
MZ: It’s the stock ticker for CMKM diamonds …and part of the fines and penalties of this reset. That is why we watch it. Its kind of like historic bonds. We watch them closely because it’s part of the process. It’s a good indicator. If we see movement there- then we are about to go and do our exchanges.
Member: Did anyone see wolverine’s post about CMKX said the shot gun was fired
Member: Just got a notice from the bank..MY ROUTING NUMBER IS GOING TO CHANGE..!!!!
Member: Hopefully we will be able to get off this merry go round soon.
Member: Merry go round or roller coaster…they both make me nauseous!!
Member: Stay positive everyone…..see you in the morning
CBD Guru’s join the stream tonight. Please listen to the replay for their information.
AFTER THE NEWS UPDATE….WILL TAKE A SHORT BREAK AND JOIN MARK BACK AT 8:00 PM EST FOR WHISKEY & WISDOM!
“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!
]]>KTFA:
Clare: Sudanese Advisor: Iraq's external debt has fallen to 9 billion dollars
6/5/2024 Baghdad
The technical advisor to the Prime Minister, Muhammad Sahib Al-Daraji, said that the value of foreign loans to Iraq amounted to about 9 billion dollars.
Al-Daraji added: “A specialized committee has been formed to reveal the amounts borrowed by Iraq from 2003 to the end of 2023.”
He pointed out that "the committee is monitoring where the money went and what projects were completed with these loans and which are still being completed? And what is lagging behind?"
The Sudanese advisor confirmed, "Iraq was able to cancel approximately 31 external loans, leaving those loans worth 8 billion and 900 million dollars." LINK
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Clare: Prime Minister: The coming period will be the beginning of major projects
6/5/2024
Prime Minister Muhammad Shiaa Al-Sudani confirmed: “The coming period will be the beginning of large projects.” LINK
Ryan1216: I pray a new rate is introduced along with the beginning of the major projects
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Clare: FinTech in Iraq: How is Iraq reshaping its financial future?
6/5/2024
Financial technology (FinTech) has become a major driver of innovation in the global banking sector, providing innovative solutions to facilitate financial services and increase their efficiency.
In Iraq, banks have begun to adopt these technologies, which has contributed to improving customer experience and expanding the scope of financial services provided. The Iraqi Deposit Insurance Company plays an important role in supporting this trend, as it is a pillar of financial stability, by encouraging banks to adopt financial technology and providing a regulatory environment supportive of innovation.
Financial technology has demonstrated its ability to enhance financial inclusion in Iraq, as it can provide affordable and accessible financial services to wide segments of society, especially in remote and rural areas. Through mobile applications and online banking, individuals and businesses can access a variety of financial services, such as money transfers, paying bills, and obtaining loans, without having to visit bank branches.
The Iraqi Deposit Insurance Company is working to enhance the use of financial technology in Iraq, through cooperation with banks and financial technology companies to develop innovative solutions that meet the needs of the Iraqi market. The company is also working to provide the necessary regulatory framework to ensure the security and safety of digital financial services, and to protect consumer rights. LINK
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Clare: Iraq intends to purchase 8 air defense systems for $2.5 billion
6/4/2024 Baghdad -
Military sources revealed, today, Tuesday, Iraqi negotiations with Korea, through which Iraq seeks to purchase the "M-Sam 2" anti-missile and anti-aircraft system from South Korea, as part of a deal that could be worth about 2.56 billion dollars.
Iraq has expressed in an “urgent” request its desire to possess 8 systems of these air defense batteries, also known as “Xionggong-2,” according to the sources.
The Cheonggong-2 system provides effective defense against aircraft, cruise and ballistic missiles, intercepts incoming threats with direct collision, and features an advanced radar for simultaneous detection and tracking of multiple targets. It has an operating range of up to 40 km, and can confront missiles at altitudes of up to 15 km. LINK
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Clare: The Iraqi budget is moving toward “publishing and disbursing” without presidential approval
6/5/2024
Member of the Parliamentary Finance Committee, Jamal Kujar, revealed on Wednesday an important step towards approving Iraq’s budget for the current year.
Koger told Shafaq News Agency that the House of Representatives voted on the budget law schedules and sent them in an official letter to the Ministry of Justice for the purpose of publishing them in the Iraqi newspaper Al-Waqe’i.
He stated that the budget schedules do not need to be approved by the Presidency of the Republic, given that Parliament voted last year on the three-year budget law.
He added, after publishing the budget tables in the Official Gazette, the Ministry of Finance and the Ministry of Planning will disburse operational and investment expenses, allocations and financial dues to ministries, institutions, bodies and government agencies, in addition to disbursing the governorates’ dues as specified in the budget tables.
The Iraqi Parliament voted, the day before yesterday, Monday (May 3), on the budget schedules for the current year 2024.
The budget included securing scholarships for university and school students, and increasing employee allocations by 4 trillion to secure the salaries of employees, new appointees, and retirees, and implementing the terms of contracts, appointments, and those whose contracts were terminated.
It also included allocating an amount of one trillion and 250 billion dinars to secure the increase in retirees' salaries, and allocations for disbursing end-of-service rewards to civilian and military retirees.
As well as increasing social welfare allocations to include more than 650,000 new families, increasing the capital of the Real Estate Bank by 500 billion dinars to cover citizens’ lending requests for housing, and allocating an amount of 5 trillion dinars to secure farmers’ entitlements to purchase wheat and barley crops. LINK
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Clare: Signing a cooperation agreement between an Iraqi bank and a German institution to finance private sector projects
6/5/2024
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani opened the work of the second specialized workshop to support the private industrial construction sector, during which a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Corporation, to finance private sector development projects, within the sovereign guarantees initiative. Governmental.
A letter of authorization was also signed to finance the project to establish a plate glass factory in the Najaf Governorate in the amount of 110 million euros, between the Iraqi Trade Bank and the German banks (Commars Bank) and (Aka Bank).
Mr. Al-Sudani viewed an exhibition that included the private industrial sector’s products of construction materials, praising the efforts made to provide them.
The Prime Minister said in his speech during the opening of the workshop that sovereign guarantees provided financial support from German, Italian and Japanese financial institutions, amounting to 200 million dollars, adding that there are understandings with the French side in the amount of 1 billion euros, for the construction of industrial projects within the sector. private.
He added that the steps of networking and implementing the ASYCUDA system are an important step in automating customs and facilitating the entry of goods, stressing that tax accounting procedures have witnessed a jump due to the facilities provided.
Al-Sudani went on to say, “We are on the verge of a qualitative shift in the procedures for registering companies within the electronic procedures,” noting that “a vision will be reflected in the form of procedures on the financing side and facilitating borrowing from banks.”
The Prime Minister revealed that the government is conducting a study to reform the Industrial Bank to be an effective tool in implementing plans and programs that drive industrial development.
He considered that these agreements are an important indicator of external contributions to the Iraqi economy, specifically in the industrial sector.
Al-Sudani continued by saying, "We are continuing in the housing and construction sector in general, and this requires extensive construction materials."
He concluded his speech by saying that the available factories for various construction materials cover only a quarter of the need according to the projects that will be undertaken, especially residential city projects. LINK
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Clare: Al-Sudani: Understandings with France amounting to one billion euros to build industrial projects... and it promises a qualitative shift
6/5/2024
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani opened the work of the second specialized workshop to support the private industrial construction sector, during which a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Corporation, to finance private sector development projects, within Government Sovereign Guarantees Initiative.
A letter of authorization was also signed to finance the project to establish a plate glass factory in Najaf Governorate in the amount of 110 million euros, between the Iraqi Trade Bank and the German banks (Commars Bank) and (Aka Bank).
Al-Sudani viewed an exhibition that included the private industrial sector’s products of construction materials, praising the efforts made to provide them.
He stressed, during his speech, that the main goal of this workshop is to emphasize the need for construction industries, pointing to government support for the industrial sector, and removing the problems and obstacles facing this vital sector, which represents a fundamental engine of the economy, and helps address the problem of unemployment by providing job opportunities, Noting that the support of the Ministry of Industry and industrialists and all the decisions required by the Council of Ministers are on their way to implementation, he confirmed that 8 projects are on their way to implementation in light of the provision of sovereign guarantees to support the private sector.
The Prime Minister referred to the important package issued by the Council of Ministers yesterday, which included measures related to supporting the industrial sector, including those related to providing land for the construction of projects, and providing the necessary fuel for operation. He stressed that the government has put in place measures to improve the business environment, expand electronic payment and collection, and improve Tax accounting procedures and automation of customs procedures.
Al-Sudani explained that this package was completed through discussion with the relevant departments as it was discussed in the Council of Ministers, and greater powers were granted to the competent departments in the Ministry of Industry to overcome any red tape or delay, and he directed that a periodic report be presented to monitor procedures in the event of obstruction or diligence.
In appreciation of the Prime Minister’s position in support of industrialists, which resulted in a package of decisions taken by the Council of Ministers yesterday, the Federation of Industries decided that June 4 would be National Industry Day.
The following are the most important things that were stated in the Prime Minister’s speech during the opening of the workshop:
Sovereign guarantees provided financial support from German, Italian, and Japanese financial institutions, amounting to $200 million.
There are understandings with the French side amounting to 1 billion euros, for the construction of industrial projects within the private sector.
- Networking steps and implementing the ASYCUDA system are an important step in automating customs and facilitating the entry of goods.
- Tax accounting procedures witnessed a jump due to the facilities provided.
We are on the verge of a qualitative shift in company registration procedures through electronic procedures.
We have set a vision that will be reflected in the form of measures on the financing side and facilitating borrowing from banks.
We are studying the reform of the Industrial Bank to be an effective tool in implementing plans and programs that drive industrial development.
These agreements are an important indicator of external contributions to the Iraqi economy, specifically in the industrial sector.
We are working in the housing and construction sector in general, and this requires extensive construction materials.
The available factories for various construction materials cover only a quarter of the need according to the projects that will be undertaken, especially residential city projects. LINK
]]>Currency Insider Video Update Wednesday AM 6-5-24
Iraqi Dinar Massive New Rate Almost high – 2:48
Iraqi Dinar Finally It’s Called Official Approved – 2:19
Iraq Dinar It’s Called Wow Update – 2:03
Iraqi Dinar Massive New Rate Almost high – 2:48
https://www.youtube.com/watch?v=04jLlaSxXi8
Iraqi Dinar Finally It’s Called Official Approved – 2:19
https://www.youtube.com/watch?v=h07NLleOOio
Iraq Dinar It’s Called Wow Update – 2:03
]]>Iraqi Dinar Video Update Wednesday AM 5-5-24
IQD and USD Exchange Rate – 6:34
Finally Citi Bank Huge Revaluation 2024 – 3:39
Iraqi Dinar RV Processing – 3:39
Finally Iraq Budget Approved – 3:36
IQD and USD Exchange Rate – 6:34
https://www.youtube.com/watch?v=Y5PZUFnzkYE
Finally Citi Bank Huge Revaluation 2024 – 3:39
https://www.youtube.com/watch?v=UeCPVXCO7SQ
Iraqi Dinar RV Processing – 3:39
https://www.youtube.com/watch?v=0E1za05_1hw
Finally Iraq Budget Approved – 3:36
]]>Turkey expresses its desire to become member of BRICS
This was announced by the head of the country’s Foreign Ministry Hakan Fidan
04.06.2411:45
Turkey wants to join BRICS and it is expected that this issue will be discussed at the meeting of ministers of the association in Nizhny Novgorod. Turkish Foreign MinisterHakan Fidan, who is on a visit to China, made such a statement. This is reported bySouth China Morning Post (SCMP).
“Certainly, we would like to become a member of Brics. So we’ll see how it goes this year,”he stated.
During the CCG event, Fidan said he looked forward to attending a meeting of the mechanism in Russia next week when foreign ministers from Brics countries – Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates – will meet in the western Russian city of Nizhny Novgorod as part of the lead-up to the October summit in Kazan.
At that meeting, the possibility of Turkey joining BRICS is expected to be one of the topics on the agenda.
“We see potential in BRICS,”he added.
Russian Presidential SpokesmanDmitry Peskovsaid that Russia welcomes Turkey’s interest in BRICS.
Six new members, including Argentina, were invited to join the group in August 2023, but declined to join in late December. Five new members – Egypt, Ethiopia, Iran, Egypt, Saudi Arabia and the UAE – began full BRICS membership on 1 January 2024.
Source: TV BRICS
https://dinarchronicles.com/2024/06/05/turkiye-expresses-desire-to-become-a-brics-member/
****************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Deepwoodz Article quote: "the Presidency of the House of Representatives sent the 2024 budget tables to the Ministry of Justice for publication in the Al-Waqe’at newspaper." So I’m guessing President Rashid signed that bad boy immediately following the parliament vote. We are moving like greased lightning!
Mnt Goat This month I believe is going to be a critical month for us investors... Article: "CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE” I would consider this “WOW!” news. Quote: "... the issuance of new cash denominations, large or small, will not affect the dinar exchange rate." If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in-country of Iraq. It only changes when the reinstatement back to FOREX occurs...the value is already in the dinar... only the rate, right now, does not reflect the true rate... Why...on May 27th did the CBI make this announcement about the issuance of newer lower denominations? Could they be heading into June for the redenomination of the three zero notes?
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Talk of the budget iqd iraq
Nader: 6-5-2024
https://www.youtube.com/watch?v=f1OHdMYoLoE
SILVER ALERT! Does the US Mint Hold a Massive Silver Short Position on the COMEX?!
(Bix Weir) 6-5-2024
It's so sad that the US Investors have to battle the US Government to have Silver freely traded on US Exchanges! Case in point - the US Mint runs one of the largest silver hedgebooks on the planet and they 100% use it to "tamp down" the price of silver when it starts moving too high, too fast. What they are doing at the US Mint is criminal!
]]>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. 06/05/2024
Member: Any good RV Member: news today?
Member: Here is some good news. We are still alive to receive the blessing life has to offer
Member: nothing in Gazette today, maybe Saturday, unless they do a surprise off cycle publication.
Member: I’m looking forward to an exciting weekend! bring it on!
MZ: Nader dropped a video about the budget being passed in Iraq. But there is contention as to whether the president has signed it yet of not. And attempts by Maliki to delay things. Don’t panic- they are not allowing a delay and will push forward with the printing of the budget…..and execution. Maybe we will see the printed budget by Saturday now.
Member: If the president doesn’t signet- it still goes into effect 15 days after parliament passed it.
Member: MARK Z. From guru Claire - The Presidency of house of reps. Sent the 2024 budget tables to the ministry of justice for publication in “Al Waqe’at newspaper. This newspaper is the “Gazette”
MZ: From bond guys- we are hearing it’s “Any moment” or “Any day” from most of my bond people. I have heard from more than one source that rates could be as high as $1 billion dollars for 1924 or 1925 German bonds. This is higher than I thought for historic values on bonds. This will give the system more money to support the RV.
Member: I assume you mean a box of bonds…and not just per single bond?
MZ: A couple of my historic bond contacts that have disappeared – I assume it’s because they have money but cannot conclusively prove it.
MZ: I’m still hearing positive things for the 7th through the 9th..
Member: The clock is ticking…..come on RV
Member: If bond payouts are higher than you expect could currency rates be higher as well?
MZ: “Fed quietly admits the gold is replacing dollar as “collapse” fear is predicted to trigger a $15.7 trillion ETF bitcoin price flip” There is a lot going on right now.
Member: Gold will destroy the BIS and the federal reserve in this fiat system
Member: Citi Bank stated this morning that we’re headed for a depression. Not good. Bring on the RV.
Member: I talked with a WM at US Bank, he had heard there may be some changes in rates and did a side dance, but he was very interested in talking to me again next week.
Member: I spoke with a man who is a big wig investor and sits on the board of directors at my church. he said to invest in silver gold and foreign currency I was surprised to hear him say that!!
Member: I have a bank story here in Texas… my credit union is closing down all electronic transactions from the 6th to the 10th
Member: New Texas Stock Exchange takes aim at New York's dominance. Black Rock is starting a new stock exchange in Texas.
MZ: We talked about this last night…” If Russia accepts gold for oil-Gold price doubles to $3600 says Credit Suisse Zoltan Posarr” We are watching it play out guys.
Member: If this thing doesn’t go pretty soon, we’ll all be on the streets. White Hats, are you listening?!
Member: we thought 4th of July last year we would be celebrating. Looks like it’s this year!
Member: I am still afraid we will be here waiting until after elections?
Member: Let’s hope Iraq doesn’t care about our elections. Or BRICS makes a move.
Member: June 9th is the final end of the Petro $$$...or at least the end of Saudi Arabia’s contract with the US to only sell oil in USD
Member: Let’s hope the expiration of the Saudi oil contracts will bring us to the black swan event
Member: Tomorrow is 666, just saying
Andy Schectman from Miles Franklinjoins the stream at about minute 30:00. Please listen to the replay for his information and opinions
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.
]]>GCR Proof: Gold Replacing US Dollar in One Chart
On June 4, 2024 By Awake-In-3D
If a picture is worth a thousand words, this chart is worth exactly that.
If one subscribes to the thesis that the Global Currency Reset (GCR) and the revaluations of currencies (RV) employs gold at its very foundation, than this chart is proof of that.
This chart below shows the different currencies and gold being held globally as international reserves from 1900 to 2023.
There are several key takeaways in the chart and I will break it down here, one piece at a time.
Bretton Woods: The Beginning of Global Dollar Domination
Before WW2, countries worldwide held physical gold as their primary monetary reserve. However, the 1945 Bretton Woods Agreements changed all that.
The black rectangle in the chart below highlights the dramatic sell-off of gold in favor of countries loading up on US Dollars.
It is important to remember that the Dollar was on the Gold Standard back then. Since the Dollar was backed by gold, holding Dollars as a Reserve was the same as holding gold.
The end of WW2 and the Bretton Woods Agreements begin the era of a global King Dollar
But then, the USA abandoned the Gold Standard officially in 1971. This caused a modest resurgence in buying gold once again as a Reserve asset.
Rise of the PetroDollar and EuroDollar Market
However, beginning in the late 1970’s, the PetroDollar and the offshore EuroDollar Market became the dominant, Dollar-denominated financial force worldwide.
The chart below highlights the rise of the PetroDollar and EuroDollar Market. Notice the dramatic expansion of the Dollar (red bars in the chart) and contraction of gold (gold bars in the chart) as a percentage of global international reserves.
The Great Global Fiat Currency Experiment begins: The PetroDollar and EuroDollar System create the largest expansion and global adoption of a single fiat currency (US Dollar) in global history.
Reversing Course: Dollars Now Being Sold to Buy Gold
Moving forward in the chart from 2014 to 2023, we see a complete reversal in gold vs. Dollar holdings as a percentage of global international reserves.
Notice in the highlighted area of the chart below how the US Dollar (red bars) have been contracting while physical gold holdings (gold bars) are increasing significantly as a percentage of global international reserves.
As the Great Global Fiat Currency Experiment reaches its logical conclusion, the replacement of Dollars for Gold as international reserves paves the way for the RV/GCR.
Furthermore, preliminary indications are showing that gold purchases for international reserves are continuing to accelerate in 2024. US Dollars are being sold to purchase more and more physical gold.
What is this Telling Us?
The bottom line is that the world is very aware that the Great Global Fiat Currency Experiment has run its course and the era of King Dollar is reaching its logical conclusion.
The RV/GCR is coming.
It will be based on a complete revaluation of Gold and once again, anchoring national currencies to a singleMonetary UNITof value. The Monetary Unit will be gold.
This is exactly what the BRICS Alliance is doing regarding their newCommon Trade Currencyand the new BRICS MonetaryUNIT.
Supporting article:https://www.gainesvillecoins.com/blog/gold-overtakes-euro-in-global-international-reserves
=======================================
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here:Ai3D.blog
Join my Telegram Channel to comment and ask questions here:GCR_RealTimeNews
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]]>Currency Insider Video Update Late Tuesday Evening 6-4-24
Iraqi Dinar Shocking Announcement Big Surprise – 2:15
Iraqi Dinar New Exchange Rate After Approved – 1:46
Iraqi Dinar Have Green Light Now – 2:08
Iraqi Dinar New Rate Coming Here – 2:32
Iraqi Dinar Shocking Announcement Big Surprise – 2:15
https://www.youtube.com/watch?v=OX5XQbUcJpg
Iraqi Dinar New Exchange Rate After Approved – 1:46
https://www.youtube.com/watch?v=nG3Qm9bHT8I
Iraqi Dinar Have Green Light Now – 2:08
https://www.youtube.com/watch?v=QNLet-cOlHU
Iraqi Dinar New Rate Coming Here - 2:32
]]>Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
Restored Republic via a GCR: Update as of Wed. 5 June 2024
CompiledWed. 5 June2024 12:01 am ESTby Judy Byington
Judy Note:Overnight Monday 3 June 2024$517,000,000,000 in unrealized losses surfaced in 63 US Banks and pushed them toward the brink of insolvency. By Sun. 9 June 2024the Petrodollar would end – all of which was expected to trigger a Global Financial Crisis byearly next week.
Timing:
On Sun. 9 June 2024 Black Swan Event Expected as the Petrodollar Ends and Global Financial System implodessince there was no longer a need for nations to hold US Treasuries as the Global World Reserve Asset in oil trade. The U.S. Treasury bond market is funded off the World needing dollar reserves aka bank derivatives (off balance sheet dollars). When the Petrodollar ends onJune 9th,there is no need for the world to hold U.S. Treasuries as the global world reserve asset in the oil trade. The Japanese Yen will hyper-inflate against their U.S. Treasury holdings. Japan will be forced to liquidate all their dollars
Global Currency Reset: (Rumors/Opinions )
Tues. 4 June 2024 Bruce, The Big CallThe Big Call Universe (ibize.com)667-770-1866,pin123456#
Tomorrow Wed. 5 Junethe new currency rates should be fixed.
Bruce’s Source in Iraq spoke with PM Sidani– he said rates on Dinar were handed over to the official record and would show upWed. 5 Juneas a fixed rate.
On Wed. 5 Junethe Iraqi Gazette should publish the new Iraqi Dinar Rate and we could begin our exchanges – likely onThurs. 6 June.
~~~~~~~~~~~~
Tues. 4 June Wolverine:“Get ready everyone as we are about to reach this new World.”
The “Bondholder” expects to be paid his commissiontomorrow Wed. 5 June. Liquid Thursday 6 June.
My friend Mauricio is having event in Mexico starting aroundJune 8th, not that far off to celebrate this incredible blessing and also give people all the info they need for Nesara/Gesara. What does that mean? If he is having an event, it means IMO that he probably got paid or will get probably be paid before he goes to Mexico.Having an event as big as that means something!
I have been told by various sources that certain operations will start in Brazil todayTues 4 June,and hopefully will get this done bytomorrow Wed. 5 June.I am trying to see if that is happening and hopefully received that Green Light from Brazil.
Tomorrow Wed. 5 June, I hear that Reno starts.As you know, high bondholders are getting paid, some have been waiting now for 48 hours for their payment.Everything is happening and I think this is the week we have been waiting for.
The Pentecostal groupsent out a message that they are ready to get things started.She must be careful as she has been targeted by unscrupulous people, but she has top lawyers to take care of this matter. She sent out an intel that she is basically ready to get this done. Her other leaders sent out an emotional message saying that “The time of waiting is over.We are finally here!” This came from one of the top leaders in that platform.
I am sure Bruce will have something.He has not been for the last two calls. Where is Bruce? I know he has gone blind. I am not sure what is going on with his vision.If you can all pray for Bruce so he can get well, and hopefully get access to the Medbeds.So all your intel providers: MarkZ can barely walk, Bruce can’t see, Wolverine can’t hear, and Charlie Ward with a certain illness, but we will not give up on you guys.
If I get that Green Light from Brazil and all is flowing,then I will have an emergency live call to celebrate, as it will be the official start for us. Hopefully, Reno will starttomorrow Wed. 5 June.Just get ready and hopefully I will get that call through. Take care, Wolverine
Tues. 4 June AAGabriel: “The US four code masters are waiting for the callto put in the codes. Estimated two days to complete the remaining funding transactions. The timing of when to send out notifications is up to the readiness of the staff and the Redemption Center locations. Could be any day now. MaybeThursday 6 June 2024.”
Tues. 4 June Banker “Well folks, the information I have rec’ed today indicates a number of the large bondholder paymasters have been invited to Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window.We are then scheduled to begin receiving notification to begin scheduling appointments.I have this info from three sources and am waiting confirmation from the banker, hopefully tonight orearly AM Wed. 5 June 2024.”
Tues. 4 June 2024 Ron D. “I called William the VP at Bank Note World and 100 Trillions.He told me he is only allowed to sell $1000 a day per customer of Dong and Dinar.I asked him who regulates him and he told me the US Treasury.Ask yourself why would the US Treasury regulate a company that only sells collectible currencies?I asked him why currencies like the Digitals increased in price ten hold over the past few days?He told me they can no longer buy new uncirculated currencies (read into that).He still gets circulated currency.He told me the 100T Zim is now $300 for uncirculated and he is not sure if he can get anymore uncirculated ones. This can only mean Countries are no longer printing and selling new currency and that makes total sense with the RV coming and currencies switching over to asset backed.Keep in mind he is really limited on what he can really tell me (wink and nod).”
Tues. 4 June 2024 Salty Mountain:“We know we should go to a redemption center. I am a business owner and a long time ago, we had to have a Tier 1 bank for large merchant account deposits.I have been a Private Client of Chase for years. I have an assigned banker, which changed 19 months ago. When we first met, I asked her some basic questions about RV. She knew nothing. Over time, I tried to make conversation and tried to politely ask currency questions. About 8 months pass,and suddenly the banker is curious and starts asking me questions.She started asking her Superiors the questions i asked her. Since then, every time she sees me, she wants to see what i know. I do the same to her and on we share information. Recently she went through training on Foreign Currency.About a month ago, she called me and asked me formally if I would be exchanging with Chase. She was putting together some form of “priority” clients for the exchange.She asked about my currencies, knowing I had Zim and she mentioned they would not be exchanging all my currencies and I would have to go to a RC. I already knew this, but we been using each other for info for months….I have helped her more than she has helped me, but she always gets me the answers I seek. I also opened another business account at a credit union about 15 months ago and have been tapering Chase off.Recently, she accidentally told me where my Redemption Center is.”
Mon. 3 June 2024 TNT Tony: “All banks were on HIGH, HIGH alert starting Sunday night 2 June through Thursday morning 6 June.They said byThursday morningdefinitely, you are going to have people walking in your door, a bunch of brand new customers. Banks have pending rates and some are saying we are waitingright nowto be notified of the release of the 800 numbers. The Federal Reserve said they were called in onMon. 3 June to be at their desks.They are passing out money in Iraq and activating projects.Everyone I talk to say they are trying to goanytime now.We are there. The rates are good. Everyone is excited. So I hope you guys are ready.”
On Mon. Evening 3 June 2024the Iraqi Parliament finally passed their budget with the new Iraqi Dinar International Rate in it.
Mon. 3 June MarkZ: “The Iraqi Parliament passed the budget today.Folks are geared up forthis week. I have been told by a number of them that they are ready and positioned.”
Tues. 4 June 2024:BREAKING: $517,000,000,000 in Unrealized Losses Hit US Banking System, FDIC Says 63 Lenders on Brink of Insolvency – American Media Group (amg-news.com)https://beforeitsnews.com/economy/2024/06/things-just-went-from-very-bad-to-much-worse-overnight-517000000000-in-unrealized-losses-hit-banking-system-fdic-says-critical-updates-greg-mannarino-3112676.html
Read full post here: https://dinarchronicles.com/2024/06/05/restored-republic-via-a-gcr-update-as-of-june-5-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
GameofPatience So the budget is approved at the present dinar value of 1,310, that's not a rate change. It will be interesting to see what happens next. The only way to change/revise a law is to amend it. So they would need to Amend the 2024 budget sometime later to change the currency value.
Militia Man Article quote: "What is the impact of the use of electronic payments on the Iraqi dinar? The electronic payment process will contribute to the government in withdrawing the cash mass available to the public." It's in black and white...This isn't something that's new. This was February 25th...They've been working on this for quite some time...1.6 trillion is a big deal. It's an affirmation they have been on track to do what? ...reduce the note counts. They've done that.
**************
Summary / Status Iraqi Dinar ReValue IQD VND Exchange Rates
Edu Matrix: 6-4-2024
Summary / Status: Iraqi Dinar ReValue - What the Central Bank of Iraq is Doing and What it Did NOT Do. Exchange Rates IQD VND
https://www.youtube.com/watch?v=LenoyhnDYbE
BANK FAILURES: $517 Billion in Unrealized Losses, $9.3 Billion in Bad Loans Will Spark a Crisis
Lena Petrova: 6-4-2024
]]>TNT:
Tishwash: Angry demonstrators storm an American company in Baghdad
On Tuesday, angry demonstrators stormed the building of an American company in Baghdad.
A security source told Mawazine News, "Angry demonstrators stormed the building of the American company Procter & Gamble in the Uwaireej area, south of Baghdad."
He added, "The security services were on alert towards the Uwairaj area in Baghdad." link
**************
Tishwash: Financial inclusion in Iraq: a success story that defies the odds
In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money spread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment. In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021. This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.
This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.
These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. ink
**************
Tishwash: The government's lack of seriousness in removing the Americans leaves Iraq exposed to them
It seems that there is nothing hidden from the Americans inside Iraq, as they know everything and eavesdrop on everything, and all this while the government is silent in the face of the popular will that calls for the removal of the American occupier from the country.
An international coalition led by the United States toppled the former regime in 2003, then Washington declared itself an occupying force in the country.
In 2008, the United States and Iraq concluded the Strategic Framework Agreement, which paved the way for the complete withdrawal of American forces in late 2011 after 8 years of occupation. The agreement regulates relations between the two countries at various political, security, economic, cultural and other levels.
American forces returned to Iraq at the request of Iraqi Prime Minister Haider al-Abadi in 2014, after the terrorist organization ISIS invaded a third of Iraq's area in the north and west.
America came with about 60 countries under the pretext of fighting the terrorist organization, before Iraq regained all of its territory from the organization in 2017 after 3 years of war, with the help of the Popular Mobilization Forces and the rest of the security forces.
Baghdad and Washington agreed to withdraw all combat forces from the international coalition by the end of 2021, but America remains to this day and has committed many crimes against Iraqi civilians, in addition to committing dozens of assassinations that targeted the mujahideen from the national forces and voices.
In the previous parliamentary session, the Iraqi parliament voted to completely withdraw American forces from Iraqi territory, but there was no withdrawal.
During the era of the government of Muhammad Shiaa al-Sudani, pressure increased on this government to expel the American occupier, and the Sudanese actually demanded that the Americans withdraw from Iraq, but it seems that these calls were to calm the angry street and nothing more, despite the talk of the head of the Supreme Committee to End the Mission of the International Coalition, the Chief of Staff of the Army, Lieutenant General Staff Abdul Amir Rashid Yarallah, with the continuation of consultations and the presence of seriousness in removing the occupier.
Political analyst Qasim Balshan questioned the government's statements to remove the American occupier from Iraq, describing them as “media consumption.”
alshan told Al-Ma'louma, “Everything that is said about movements to remove American forces from Iraq is just talk for media consumption.”
He explained, “Removing these forces lies with the Commander-in-Chief of the Armed Forces and not with the House of Representatives, which voted in the previous parliamentary session to remove the American occupier from Iraq.”
He pointed out, "The framework agreement signed during the era of former Prime Minister Nouri al-Maliki stipulated that the withdrawal of forces would be at an official request from the Commander-in-Chief of the Armed Forces," noting that "Sudanese did "Do not submit this request to the American administration."
While the head of the Presence Movement, Muhammad Abu Saida, criticized the continuation of American air sorties in Iraqi airspace and the military presence without any actual movement from the government to end the presence of these forces.
Abu Saida told Al-Maalouma, “Ain al-Assad base contains more than 1,950 American soldiers from the Marine unit and more than 4,500 soldiers inside the American embassy in central Baghdad. These forces remain and there is no movement towards removing them from Iraq.”
He added, "American forces are present in various types of military bases, as everything that is said about their exit from Iraq is just talk."
He stated that "American aircraft continue their sorties in Iraqi airspace, to collect information and visual and audio data through special eavesdropping devices." link
**********
Mot: .. Nutting but ~~~~~
Mot: .. Nooooooo Body Told Me - Way Back then!!!!
Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Financial Inclusion In Iraq: A Success Story That Defies The Odds
Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News} In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money pread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.
**************************
In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021.
This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.
This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.
These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. https://alforatnews.iq/news/الشمول-المالي-في-العراق-قصة-نجاح-تتحدى-الصعاب
What If Other Banks Follow Suit?
Economical 06/05/2024 Hussein Thaghb Economic advancement requires a set of data that will take it to safety and achieve the set goals on time.
The process of economic development requires a series of interconnected episodes that complement each other during known times.
This mechanism cannot be maintained unless there are elements that represent the raw material for new production.
The financial sector here can be described as the cornerstone of the economic development process sought by the country that is described as rich among the countries of the world,
especially since one of the specialized centers placed Iraq first among the rich countries of the world, as it was ranked first by the volume of wealth per square kilometer relative to the number of inhabitants, and Here we can evaluate the country's economic importance.
Today, when we look forward to employing the amount of wealth in a way that creates true sustainable development and preserves the rights of future generations,
it is necessary to create an effective and sound banking system that takes into account the movement of money globally and complies with all legal paths that govern the movement of money within the globe, and this is something we are close to, as she pointed out.
*************************
International Reports Indicate That Iraq Is In An Acceptable Situation.
In the country, the matter requires more clarity and rapprochement from the Central Bank of Iraq with the banking system, which has begun to fear the expected sanctions,
especially since there are those who say that there are sanctions that will affect new banks in the coming days, at a time when the Central Bank and the Association of Banks, the sectoral body responsible for private banks, announced that efforts are directed To cancel the sanctions imposed on banks that began a year ago.
In an atmosphere like this, banks continued to work to increase their capital and develop their technological systems in accordance with what is internationally approved to strengthen the financial system in Iraq.
News like this comes circulating here and there.
The relevant official and sectoral authorities must come closer to clarify the facts of the matter and preserve the banks that are actually working to develop their performance.
It aspires to serve the national economy, and has national motives to serve Iraq, not exclusively personal interests.
Iraq is one of the most important labor markets in the world and the focus of attention of major international companies and international economic organizations.
This requires us to reflect an ideal image of the country, starting with the financial sector in particular, which is the reflecting mirror of any economy, and as long as we are on the cusp of a new phase to achieve...
For economic advancement, we must and inevitably have an effective banking system that is far from all forms of disruptions that expose it to unnecessary shocks.
***************************
The most important role of the Iraqi Central Bank is to protect the quality of the Iraqi banking system, confront any rumors that confuse performance, reassure its children of the banks that actually serve the national economy, and address banks that do not have development goals that support the development trends in the country. https://alsabaah.iq/97861-.html
More Than 12 Million Bank Accounts To Date
Economical 06/04/2024 Baghdad: Al-Sabah The growth rate of bank accounts has increased over the past years in the country, reaching 12 million bank accounts so far.
According to a statement issued by the Central Bank, “the growth rate of bank accounts increased from 2018 to 2019 by 90%, reaching 12,500 million bank accounts.”
He added, “The growth rate of bank accounts reached its peak in 2020 with a growth rate of 90%, reaching 12 million bank accounts, while for the year 2021 it decreased to the lowest level by 10%, reaching 1,500 million bank accounts.”
The Iraqi Central Bank indicated that the growth rate of bank accounts for the year 2022 increased by 30% to reach 4,500 million bank accounts, and it also increased during the year 2023 by 54% to reach the level of 8 million bank accounts. https://alsabaah.iq/97767-.html
Experts: We Are Getting Close To “Zeroing” Gas Burning
Economical 06/05/2024 Baghdad: Shukran Al-Fatlawi Economic affairs specialists see the necessity of conducting multiple licensing rounds to exploit gas patches in the country in light of Iraq's approach to zeroing out the gas burning process, noting that the last round did not achieve all of its goals.
Baghdad recently witnessed a licensing round for a number of new exploratory patches and sites, some of which were not awarded in the round.
Oil expert Dr. Hamza Al-Jawahiri said in an interview with “Al-Sabah” that the issue of investing in associated gas was long delayed due to many problems, pointing out that the government is serious during the next two years in zeroing the rate of burning of associated gas,
indicating the existence of several projects for treatment, including exploiting gas in The project signed with Total Energies, which processes 600 mqm of gas, as well as the Nahr Omar project, which processes 300 mqmq, and other projects that the government is urging to invest in associated gas.
Al-Jawahiri continued that there is a period of time ranging from 3 to 5 years, in which it is possible to see its final results in investing in associated gas, hoping at the same time that these projects will be implemented, because, unfortunately, they have become like a dream, he said, as the process of burning associated gas and converting it into power generation stations Electrical or petrochemical plants, not yet exploited.
*****************************
Al-Jawahiri stressed that petrochemical plants are not available in the country, except for one plant, which is not sufficient for its purpose, considering it a major problem that requires urgent solutions, noting that there are very many fields in western Iraq for free gas, which could make us a gas exporting country if invested properly.
He pointed out that the Ministry did not fully achieve its goals during the last licensing round in obtaining investors in the exploratory patch for invasive areas, because it requires more work, study, and seismic geophysical surveys in those areas in order to be presented to international companies, in addition to the necessity of providing security in the region.
For his part, the researcher in economic affairs, consulting engineer Imad Al-Muhammadawi, told Al-Sabah that the year 2030 will be the year of completely eliminating gas burning, according to the Paris Agreement that Iraq signed, which stipulates “finding coordination and reaching solutions and cooperation at all international levels to help in Reducing the percentage of carbon in the atmosphere and its negative effects, and confronting climate change and its significant effects as a result of global warming.”
He added that the country's efforts are currently directed towards stopping associated gas, which will stop in the year 2028 according to government sources, and trying to benefit from it in generating electrical energy, from which the country has been suffering from a crisis for a long time.
He expressed his optimism that the crisis is on its way to being resolved, and the country is currently taking... Correct steps in this direction.
For its part, the Ministry of Oil recently announced access to investment and exploitation of 62% of the gas produced in Iraq, and indicated that the year 2028 will witness the end of Associated gas combustion.
The Undersecretary for Gas Affairs in the Ministry, Izzat Saber, said in a press statement,
“A memorandum of understanding was signed between Siemens, Schlumniger, and the Ministry of Oil for accelerated investment in the associated gas that is being burned,” indicating that
after the memorandum, the stage of commercial, financial, and technical presentation for this company and identifying the fields will come. That burns gas. https://alsabaah.iq/97860-.html
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
ProvokingThoughts and Points To Ponder On Wealth
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both.-Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position.-Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted.-Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed.-George Brockway
]]>Iraqi Dinar Today Video Update Late Tuesday Evening 6-4-24
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
Finally Surprised RV Has Been Done – 3:02
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
https://www.youtube.com/watch?v=6Cs193q70Pk
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
https://www.youtube.com/watch?v=NNBQve-V_1U
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
https://www.youtube.com/watch?v=zrFKWD48ss8
Finally Surprised RV Has Been Done – 3:02
https://www.youtube.com/watch?v=GWb1tvz4xzE
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
]]>Iraqi Dinar Today Video Update Tuesday Afternoon 6-4-24
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
RV Update Of IQD By Wolverine – 2:01
CBI sells +$278 million in forex on Tuesday 2:33
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
https://www.youtube.com/watch?v=-3JSAatAkuc
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
https://www.youtube.com/watch?v=uyCYExnDB3Y
RV Update Of IQD By Wolverine – 2:01
https://www.youtube.com/watch?v=_AaSOU7z7NU
CBI sells +$278 million in forex on Tuesday – 2:33
]]>Evening News with MarkZ, Dr. Jay Caprietta, and Dr. Scott Young. 06/04/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
Please listen to the replay for all the details and entire stream….
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!
]]>Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround
On June 3, 2024 By Awake-In-3D
Rapid improvement in Zimbabwe’s currency stability thanks to the new gold-backed ZiG currency.
In This Article
The Troubled History of Zimbabwe’s Currency
Introduction of the Gold-Backed ZiG Currency
How the ZiG Currency Stabilized the Economy
Future Prospects for Zimbabwe’s Financial Stability
Zimbabwe has faced one of the most turbulent currency crises in history.
The introduction of the ZiG currency, backed by gold, has brought a surprising and rapid turnaround, stabilizing the economy and reducing inflation.
The Troubled History of Zimbabwe’s Currency
Zimbabwe’s currency woes began in the early 1980s.
The Zimbabwe dollar replaced the Rhodesian dollar but started losing value significantly in the 1990s. By 2006, hyperinflation forced the government to redenominate the currency at an exchange rate of 1,000 to one.
The situation worsened in 2008 when the currency was redenominated again at 10 billion to one. By 2015, a U.S. dollar equaled 35 quadrillion Zimbabwe dollars.
In 2016, bond notes backed by U.S. dollars were introduced but failed to stabilize the currency due to excessive printing. Inflation soared, and foreign currencies became the main medium for transactions.
Introduction of the Gold-Backed ZiG Currency
In a bold move, Zimbabwe introduced the Zimbabwe Gold (ZiG) currency, converting domestic dollar balances into ZiG balances.
This currency is backed by significant gold reserves, a shift from highly inflated fiat money to a more stable, specie-backed currency. The central bank recalibrated the main interest rate to 20%, down from 130%.
Central Bank Governor John Mushayavanhu highlighted the reserves, including 1.1 tons of gold stored domestically and another 1.5 tons abroad. This reserve-backed approach aimed to restore confidence in the local currency.
How the ZiG Currency Stabilized the Economy
The immediate impact of the ZiG currency was significant. Consumer prices dropped by 2.4% in May, a month after the ZiG was introduced.
This deflation marked a stark contrast to the hyperinflation that had plagued Zimbabwe for years. The ZiG currency appreciated by 1.9% against the U.S. dollar within a month of its launch, reflecting newfound stability.
The ZiG currency was issued in various denominations, ensuring ease of use in daily transactions. By converting old currency to ZiG, the government aimed to curtail inflation and stabilize the economy. The introduction of ZiG coins helped address the shortage of small change in the market.
Future Prospects for Zimbabwe’s Financial Stability
The introduction of the ZiG currency has set Zimbabwe on a path to financial stability.
With inflation rates expected to stabilize between 2% and 5% by year-end, the economic outlook is promising. This turnaround is attributed to the disciplined approach of backing the currency with tangible assets like gold.
Economists emphasize the need for continued discipline and prudent financial management to sustain this positive trend. The gold-backed ZiG currency serves as a foundation for rebuilding trust in Zimbabwe’s monetary system.
The Bottom Line
Zimbabwe’s new gold-backed ZiG currency has brought remarkable improvement to a country long marred by hyperinflation and currency instability.
By anchoring the currency with gold reserves and implementing stringent monetary policies, Zimbabwe has achieved a rare and rapid economic stabilization.
The future looks hopeful as the country embraces this new era of financial stability.
Zimbabwe’s Currency History in a Nutshell
1980: Zimbabwe dollar replaced the Rhodesian dollar at par.
2006: Currency redenominated at 1,000 to one.
2008: Further redenomination at 10 billion to one.
2009: 12 zeroes removed from bank notes; foreign currencies legalized.
2015: $1 USD = 35 quadrillion Zimbabwe dollars.
2016: Introduction of bond notes backed by U.S. dollars.
April 2024: Introduction of ZiG (Zimbabwe Gold) currency.
April 2024: ZiG currency appreciated by 1.9% against the USD within one month.
May 2024: Consumer prices dropped by 2.4%.
Projected 2024: Inflation expected to stabilize between 2% and 5%.
Contributing articles:
https://www.biznews.com/africa/2024/05/30/zimbabwe-deflation-zig-stabilises-economy
https://www.numismaticnews.net/paper-money/zimbabwe-currency-zigs-then-zags
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]]>A Big Change For The Iraqi Dinar:
The Economic Ninja: 6-4-2024
Iraq may see a big buyer for the IQD now that China has forged a big deal for Iraqi Natural Gas.
This will bring in buyers for the Iraqi dinar and will strengthen the value of the dinar.
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The Iraqi government sets days for the Eid al-Adha holiday
6/4/2024
On Tuesday, the Iraqi government set the days for the Eid al-Adha holiday, which will fall on Sunday, June 16.
The Prime Minister’s Media Office said in a statement received by Shafaq News Agency, “Prime Minister Muhammad Shiaa Al-Sudani directed that the Eid Al-Adha holiday be for official departments, starting from Sunday, June 16, until Thursday, June 20, provided that official work resumes on Sunday.” June 23.” LINK
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DeepWoodz: They’ve changed the rate without budgets before. No reason they can’t do it at will. To start the float.
The key here is the size of the budget and the international standards being applied along with the upgraded banking systems.
They have a plan. Watch em work it. They appear to be pushing hard in the right direction.
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Supreme Court Ruling: State sponsored Banks can Disband from The Federal Reserve System and Issue their Own Currency.
Mark Thursday May 30th, 2024 as #EndtheFed day. Doing Simple Math this Sets Fundamental Value of Gold at $25,000 per ounce and Silver $417 per ounce.
The Silver Academy: Jun 01, 2024
States banks can issue their own gold backed currency bypassing the Federal Reserve
Ruling just released Thursday May 30, 2024 (Mark this on your calendar as #EndtheFed day)
State sponsored banks do not have to adhere to the Federal Reserve charter
And states can then acquire gold reserves for their state banks
and disband from the Federal Reserve system.
We have confirmation that the USA effectively has a dual banking system.
Each state in the USA operates its own banking system, parallel to the Federal Reserve. While the Federal Reserve has inflicted severe pain locally and globally, the Supreme Court has upheld the state's right to maintain its own charter, independent of the corporate Fed system.
The Federal Reserve doesn't respect state rights for banks to adhere to their own charter outside the control of Washington, D.C., (but these are the same animals when asked by Ron Paul that don't believe Gold and Silver are money, thus proving they don't want competition - LOL)
But states are taking their power back. (The Silver Academy recognizes Money Metals and Sound Money Defense League for their zealous work in fueling a State to State movement. )
Major kudos to Stefan Gleason and Jp Cortez
This document below (smash the blue button) shows that we never needed the Federal Reserve on a legal basis.
How? Simple.
Banks with federal charters, called national banks, are subject primarily to federal oversight and regulation. Banks with state charters, called state banks, are subject to additional state oversight and regulation. Those two banking systems co-exist and compete.
Now you have it in writing. Officially.
Read Supreme Court Document: https://www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf
https://thesilverindustry.substack.com/p/supreme-court-ruling-state-sponsored
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat "The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed...the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week." Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.
Militia Man They got it [the budget] done...What does it have to do? It's got to go to the Gazette...whether that's going be on Wednesday which is 24 or 48 hours or is it going to be Saturday or will it go all the way out...15 days. We're going to find out.
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Sudani is happy coalition is leaving
Nader: 60402924
https://www.youtube.com/watch?v=sK962q10h-w
Are The Central Banks Moving Back to Gold? Egon Von Greyerz and Lynette Zang Discuss
Lynete Zang: 6-4-2024
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