Dinar Recaps Blog Page — Dinar Recaps (2024)

Weekend 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

MZ: The first 45 minutes we spend with the CBD Gurus, go to the 45-minute mark for the news. Lower denominations being dispersed in July, and whatever else comes up.

Member: good Morning and Happy Weekend to everyone

Member: does Iraq have their new rate in the budget published this morning?

MZ: No I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday . I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette . There was some hope it would be printed this morning.

MZ: Something fun popped into the news yesterday- both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July.

MZ: Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July.

MZ: That tells us how stinking close we are. The only thing that could make me happier to hear is the RV announcement and us getting to set our exchange date .

MZ: So they started yesterday telling everyone they will see lower denominations in July. Why would they need theses lower denominations unless the currency is worth more?

MZ: The month of July starts tomorrow in Iraq. I anticipate a lot of movement in the month. They continue to educate businesses in Iraq on pricing structures …so that when there is a value change of the dinar….they will be able to reprice goods and the consumers will be able to adjust spending

MZ: So for me that is our biggest news out of Iraq overnight. July is looking exceptionally good.

Member: so it looks like we may have “Christmas in July” afterall…. Lol

MZ: Could bei cannot imagine releasing ower denominations months before a value change.

Member: Frank26 says lower denoms come out the same time as the value change.

MZ: Bond folks have been very quiet overnight…..

MZ: Heading stateside tomorrow for July 4th and some medical things…….so the next podcast is from the US

Membr: Safe travels Mark….and thanks for the wonderful news from Iraq.

Member: Everyone have a wonderful weekend…..hope its our last weekend broke.

Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com

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

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

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

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

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

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

TNT:

Tishwash: Document stating no taxes on Dinar and the report for Vietnam

This is the summary fromsection6

FOREIGN EXCHANGE AND REMITTANCES

Foreign Exchange

The currency of Iraq is thedinar (IQD). The Central Bank of Iraq devalued the IQD, by 22.7 percent at the end of Dec 2020, to avoid a liquidity crisis. This came as part of the reform plan put in place by the Prime Minister after the country was simultaneously impacted by COVID -19 and the significant drop in oil prices at that time.

Iraqi authorities confirm that in practice,there are no restrictions on current and capital transactions involving currency exchange ifvalid documentation supportsunderlying transactions.

TheInvestment Lawallows investors to repatriate capital brought into Iraq, along with proceeds. Funds can be associated with any form of investment and freely converted into any world currency. TheInvestment Law also allows investors to maintain accounts at banks licensed to operate in Iraq and transfer capital inside or outside of the country.

The GOI’s monetary policy since 2003 has focused on ensuring price stability primarily by maintaining a de facto peg between the IQD and the U.S. dollar,while seeking exchange rate predictabilitybysupplying U.S. dollarsto the Iraqi market. In December 2020, the GOI announced that it would officially devalue the dinar’s peg to the U.S. dollar by 22 percent. Banks may engage in spot transactions in any currency; however, theyare not allowed to engage in forward transactions in Iraqidinars for speculative purposes. There are notaxesor subsidies on purchases or sales of foreign exchange.

the whole report is here https://www.state.gov/reports/2022-investment-climate-statements/iraq/

Here is the link for the same report but for Vietnam

I HAVE NOT READ IT AND I DON'T INTEND to

https://www.state.gov/reports/2023-investment-climate-statements/vietnam/

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BabysMom: Vietnam Tax Document

Vietnam

2. Bilateral Investment Agreements and Taxation Treaties

Vietnam maintains trade relations with 200 countries, and has 65 bilateral investment treaties (BITs) and 26 treaties with investment provisions. It is a party to five free trade agreements (FTAs) with ASEAN, Chile, the Eurasian Customs Union, Japan, and South Korea. As a member of ASEAN, Vietnam also is party to ASEAN FTAs with Australia, New Zealand, China, India, Japan, South Korea, and Hong Kong.

Vietnam finalized an FTA with the European Union in 2015, but the agreement has neither been signed nor ratified. In addition, Vietnam is a member of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), which was signed on March 8, 2018. Vietnam is a participant in the Regional Comprehensive Economic Partnership (RCEP) negotiations, which include the 10 ASEAN countries and Australia, China, India, Japan, South Korea, and New Zealand, and it is negotiating FTAs with other countries, including Israel.

A full list of signed agreements to which Vietnam is a party is on the UNCTAD website:http://investmentpolicyhub.unctad.org/IIA/CountryBits/229#iiaInnerMenu.

Vietnam has signed double taxation avoidance agreements with 77 countries, listed athttp://taxsummaries.pwc.com/ID/Vietnam-Individual-Foreign-tax-relief-and-tax-treaties. The United States and Vietnam concluded and signed a Double Taxation Avoidance Agreement (DTA) in 2016, but the agreement is still awaiting ratification by the U.S. Congress.

There are no systematic tax disputes between the government and foreign investors. However, an increasing number of U.S. companies disputed tax audits resulting in retroactive tax assessments. These cases may stem from Vietnam’s chronic budget deficits and the need to find sources to fill the revenue gap left from falling tariffs and falling oil revenues. These retroactive tax cases against U.S. companies can obscure the true risks of operating in Vietnam and give some U.S. investors pause when deciding whether to expand operations.

In February 2017, the government released Decree 20/2017/ND-CP, effective since May 2017, which introduced many new transfer-pricing reporting and documentation requirements, as well as new guidance on the tax deductibility of service and interest expenses.

6. Financial Sector

Capital Markets and Portfolio Investment

Although Vietnam welcomes foreign portfolio investment, Morgan Stanley Capital International (MSCI) still classifies Vietnam as a Frontier Market, which precludes some of the world’s biggest asset managers from investing in its stock markets. Vietnam is working to meet the criteria necessary to attain “emerging market” status and attract greater foreign capital inflows.

While the government has acknowledged the need to strengthen both the capital and debt markets, there has been no substantial progress, leaving the banking sector as the primary capital source for Vietnamese companies. Challenges to raising capital domestically include insufficient transparency in Vietnam’s financial markets and non-compliance with internationally accepted accounting standards.

Vietnam has two stock exchanges, which are the HCMC Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX). The State Securities Commission (SSC) regulates both. As of February 2018, HOSE and HNX had total market capitalization of approximately USD 220 billion, surpassing 110 percent of Vietnam’s GDP. Government bonds account for one fifth of the total market capitalization traded on the HNX. A trading floor for unlisted public companies (UPCOM) operates at the Hanoi Securities Center, where many equitized SOEs first list their shares (due to lower transparency requirements) before moving to HOSE or HNX. Roughly 90 percent of the combined market capitalization is in HOSE.

Vietnam complies with International Monetary Fund (IMF) Article VIII. The governmentnotifiedthe IMF that it accepted the obligations of Article VIII, Sections 2, 3, and 4, effective November 8, 2005.

Banks charge relatively high interest rates for new loans because they must continue to service existing non-performing loans (NPLs). Domestic companies, especially small and medium enterprises (SMEs), often have difficulty accessing credit. Foreign investors are generally able to obtain local financing.

Money and Banking System

The State Bank of Vietnam (SBV) estimates that around 70-80 percent of the total population are underbanked or do not have bank accounts, due to an inherent distrust of the banking sector, the engrained habit of holding assets in cash, foreign currency, and gold, and the limited use of financial technology tools. Since recovering from the 2008 global downturn, Vietnam’s banking sector has been stable. However, despite various banking reforms, Vietnam’s banking sector continues to be concentrated at the top and fragmented at the bottom.

By the end of 2017, state-owned or majority state-owned banks accounted for over 46 percent of total assets, and over 40 percent of equity capital in the banking sector. The estimated total assets in the banking system is USD 454.6 billion. In addition, 31 private joint-stock commercial (private) banks, all smaller than the state-owned banks, are gradually gaining market share. There were also nine foreign-owned banks (HSBC, Standards Chartered, Shinhan, Hong Leong, Woori Bank, Public Bank, CIMB Bank, ANZ and United Overseas Bank), 49 branches of foreign banks, 47 representatives of foreign banks, and two joint-venture banks (Vietnam-Russia Bank and Indovina Bank).

Vietnam has made some progress on reducing its NPLs, but most domestic banks remain under-capitalized with high NPL levels that continue to drag on economic growth. Accurate NPL data is not available and the central bank frequently underreports the level of NPLs. Other issues in the banking sector include state-directed lending by state-owned commercial banks, cross-ownership, related-party lending under non-commercial criteria, and preferential loans to SOEs that crowd out credit to SMEs. By law, banks must maintain a minimum chartered capital of VND 3 trillion (roughly USD 134 million).

Currently, the ceiling for total foreign ownership in a Vietnamese bank remains at 30 percent, with a 5 percent limit for non-strategic individual investors, a 15 percent limit for non-strategic institutional investors, and a 20 percent limit for strategic institutional partners. In early 2017, the Prime Minister promised to increase the limits of foreign ownership in local banks, though he did not specify the new ceiling. Prudential measures and regulations apply the same to domestic and foreign banks.

We are unaware of any lost correspondent-banking relationships in the past three years. However, after the SBV took over three failing banks (Ocean Bank, Construction Bank, and Global Petro Commercial Bank (GP Bank)), and placed Dong A Bank under special supervision in 2015, correspondent-banking relationships with those banks may have been limited.

Vietnam has begun studying blockchain technologies in financial services and SBV established a steering committee on financial technology (fintech) in March 2017.

Foreign Exchange and Remittances

Foreign Exchange Policies

There are no restrictions on foreign investors converting and repatriating earnings or investment capital from Vietnam. However, funds associated with any form of investment cannot be freely converted into any world currency.

The SBV has a mechanism to determine the interbank reference exchange rate. In order to provide flexibility in responding to exchange rate volatility, the SBV now announces the interbank reference exchange rate daily. The rate is determined based on the previous day’s average interbank exchange rates, taking into account movements in the currencies of Vietnam’s major trading and investment partners.

Remittance Policies

Vietnam allows foreign businesses to remit profits, capital contributions, and other legal investment activity revenues in hard currency. There are no time constraints on remittances or limitations on outflow remittances of profits or revenue. However, outward foreign currency transactions require certain supporting documents (such as audited financial statements, import/foreign-service procurement contracts and proof of tax obligation fulfillment, and approval of the SBV on loan contracts etc.).

Sovereign Wealth Funds

The State Capital Investment Corporation (SCIC) technically qualifies as a sovereign wealth fund (SWF), as its mandate is to invest dividends and proceeds from privatization in assets outside of the state-owned sector. It was estimated at USD 2.8 billion in June 2016 (an updated estimate is not available.) However, the SCIC does not manage or invest balance-of-payment surpluses, official foreign currency operations, government transfer payments, fiscal surpluses, or surpluses from resource exports. SCIC’s primary mandate is to manage the non-privatized portion of SOEs. By July 2017, the SCIC managed a portfolio of 141 equitized SOEs, including 134 joint-stock companies, and three limited companies in various sectors. The SCIC invests 100 percent of its portfolio in Vietnam, and the SCIC’s investment of dividends and divestment proceeds does not appear to have any ramifications for U.S. investors. The SCIC budget is reasonably transparent, audited, and can be found athttp://www.scic.vn/.

In addition, the SCIC is working toward membership in the IMF-hosted International Working Group on SWFs.

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Tishwash: A parliamentary committee reveals the reasons for obstructing the legislation of the oil and gas law

Today, Saturday, member of the Oil, Gas and Natural Resources Committee, Kazem Al-Touki, revealed the reasons for obstructing the legislation of the oil and gas law, while stressing the difficulty of legislating the law.

Al-Touki told Al-Maalouma Agency, “The differences have negatively affected the legislation of the oil and gas law, which faces many political and technical obstacles.”

He added, “Legislating the oil and gas law is not an easy matter, especially after the decisions of the Federal Supreme Court to stop the region’s export of oil through the Turkish Ceyhan port.”

He pointed out that "the legislation of the oil and gas law needs more dialogue and negotiation between Baghdad and Erbil, especially since the legislation of this law was part of the political agreement prior to the formation of the government. link

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.

Global Currency Reset: (Rumors Opinions )

Fri. 28 June 2024 Wolverine: “I want you all to get ready as Iraq is going to have a massive celebration this Sunday 30 June. The RV is nearly here and it’s going to be very emotional for all of us. I’ve been told that all funds have been deposited to start payments for Nesara/Gesara. I’m also hearing good news coming from Reno as well

Thurs. 27 June 2024 Bruce: On Thurs. 27 June a source at the Iraqi Airport in Baghdad used his Iraqi debit card with the new Iraqi Dinar rate on it to access funds. My sources say Tier 4b notification could come the last three days of this month – Fri, Sat or Sun. 28, 29, 30 June. Iraq was planning on celebrating their new Iraqi Dinar Rate on Sun. 30 June

Thurs. 27 June 2024 MarkZ: The new Iraqi Dinar Rate was fully expected in the month of June. Banking contacts say it will happen sometime between July 4-8, while outsiders were saying July 12-13.

Wed. 26 June 2024Banker: : Wolverine confirmed my Intel that the exchange process will begin in China move eastward to Europe and then to the US. As most know our Saturday is Iraq’s Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from three different sources that Iraq is planning a nationwide celebration for this Sunday 30 June. There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM’s with the new currency will be opened. So this is my hoped for announcement for tomorrow Sat. 29 June. GOD Bless.

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Fri. 28 June 2024 TNT Call:

Iraq is ready to party on Sunday 30 June.

The lower denomination Dinars are in the ATMs.

Banks have been notified that the Dinar is exchangeable once they get the go, which they are expecting between this evening Fri. 28 June and Sunday morning 30 June.

Sudani told the Iraqi people that there is going to be a change in the banks.

Tier 2 & 3 banks in the US have also now been advised to “get ready.”

Banks have been doing practice runs for the last two days, and the biggest issues that keep occurring, were with people not having their currency separated and organized.

The budget is expected to be published in the Gazette on Sat. 29 June.

Bankers from Indiana, Chicago, NY, NJ, FL and DC texted Tony during the call and advised that they are ready, and that some of them are staying late tonight, and that some are starting early tomorrow morning.

Tony believes that our window is still any time after 4:00pm Eastern today, through Sunday morning.

Ray believes that it’s coming tonight Fri. 28 June, so that’s what we’re all going to pray for.

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Global Financial Crisis:

June 2024: Saudi Arabia will not be renewing the 50-year petrodollar agreement with the United States. Instead, they will be selling oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan. This should be treated as a black swan event, but you wouldn’t know it because the U.S. government is more focused on investigating tire tracks over a street intersection. Remember, the revolution will not be televised.

NEW YORK, June 27 (Reuters) – Ten large banks including Bank of America (BAC.N), Goldman Sachs (GS.N), and JPMorgan Chase (JPM.N), will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market, for interest rate swaps. Other settling banks include Barclays (BARC.L), BNP Paribas (BNPP.PA), Citigroup (C.N), Deutsche Bank (DBKGn.DE), Morgan Stanley (MS.N), NatWest (NWG.L), and UBS (UBSG.S) https://www.reuters.com/legal/ten-big-banks-settle-us-interest-rate-swaps-rigging-litigation-2024-06-27/

Read full post here: https://dinarchronicles.com/2024/06/29/restored-republic-via-a-gcr-update-as-of-june-29-2024/

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

Mnt Goat ...it is nearing the end of June already...Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV.

Militia Man This isn't the old days. It's a progress of education that they are teaching us and they're teaching their people. They're telling the world what they're doing. The 'big money', they know how this is rolling and they can see this...These are the things...we should feel good about because this is showing us big things are happening.

Over 50 Nations Ditching The Dollar, De-Dollarization In Full Effect

Atlantis Report: 6-28-2024

Over 50 Nations Are Ditching The Dollar. Dedollarization Is In Full Effect, and a New Financial System Is Coming.

For many years, the U.S. dollar has been the dominant reserve currency worldwide, playing a major role in international trade, finance, and investment. However, an increasing number of countries, including major economies like China and Russia, are starting to move away from the dollar.

This shift, influenced by various geopolitical and economic factors, suggests a restructuring of the international financial system.

This challenges the U.S. dollar's long-standing dominance and could lead to the establishment of a new financial order.

https://www.youtube.com/watch?v=yOT2ScMBS6I

KTFA

Friday Night Conference Call

FRANK26….6-28-24….A HOLY BLESSING

Iraq will be “officially” in the WTO by July 18th!!!

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#

https://www.youtube.com/watch?v=pL09PAa2KDY

The Latest RV and Economics Updates from the Seeds of Wisdom Team Friday Evening 6-28-24

Good Evening Dinar Recaps,

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KTFA:

Clare: Iraq sells 104 million barrels of oil in May

The ministry stated in a brief statement received by Mawazine News, that "the total oil exports achieved for the past month of May, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), amounted to (104) million and (130) thousand and (292) barrels." LINK

Clare: Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries

6/27/2024

The Undersecretary of the Ministry of Foreign Affairs for Multilateral Affairs and Legal Affairs, Omar Al-Barzanji, received the Chargé d'Affaires of the Embassy of the United Kingdom of Great Britain and Northern Ireland to the Republic of Iraq, Rosie Cave, in his office in the ministry building.

A statement by the Ministry of Foreign Affairs stated that during the meeting, they discussed strengthening relations between the two friendly countries and discussing issues of common interest, as the Undersecretary pointed out the importance of working to develop frameworks for cooperation in various fields, noting that the two countries are linked by relations of common interests in various economic, political and strategic fields.

For her part, Cave pointed out, during the meeting, to the ongoing preparations for the visit of Prime Minister Mohammed Shia Al-Sudani to the United Kingdom, and ways to enhance partnership and cooperation between the two countries.

She also expressed her thanks and appreciation to the Iraqi Ministry of Foreign Affairs for its continuous support and assistance in overcoming the obstacles facing the embassy in Iraq, and praised the role of the ministry in enhancing cooperation between the two countries to achieve common goals. LINK

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Clare: The President of the Republic approves a number of laws, including the 2024 budget schedules

The Presidency’s Media Department said in a statement - received by the Iraqi News Agency (INA): “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024, the first amendment to the Anti-Prostitution and hom*osexuality Law, and the Law Extending the work of the Independent High Electoral Commission, and the first amendment law to the law regulating the rent of agricultural lands and granting ownership of the right to dispose of them for agricultural and veterinary graduates.”

The statement added, "The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."

The Presidency of the Republic confirmed - according to the statement - that it is “moving forward in supporting legislation and laws that are in the interest of the country and citizens, by approving the laws approved by the House of Representatives, as well as by submitting draft laws by the Presidency of the Republic to the House of Representatives for the purpose of discussing and approving them.” LINK

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

BREAKING NEWS Zimbabwe Haiti Argentina Rates & News

Edu Matrix: 6-28-2024

BREAKING NEWS Zimbabwe, Haiti, Argentina Rates & News - ZiG Strengthing through taxes; Hait's New PM Kenyian Police; Argentina's Inflation

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

Rafi Farber The Forex Markets Are Beginning to Break Down

Arcadia Economics: 6-28-2024

The next 4 months or so are going to be tumultuous.

The chaos is reflected in the currency markets, and it is only a matter of time before gold and silver react forcefully to the changes yet to come this year.

The Japanese yen - the gob of spit keeping the Keynesian pyramid together - keeps plunging lower, and the Bank of Japan has yet to respond.

The more they respond though, the more the markets push back, as there is little that is more profitable than pouncing a cornered central bank.

Just ask George Soros. As order crumbles, silver will be a shining light in the midst of the chaos.

https://www.youtube.com/watch?v=tcgpSh5W4-o

Bruce’s Big Call Dinar Intel Thursday Night 6-27-24

Transcribed By WiserNow Emailed To Recaps

You welcome everybody To the big hall tonight. It is Thursday, June the 27th and you're listening to the big call. Thanks for tuning in wherever you're located. Thank you. Sat team for getting the signal out all over the globe. We've had as many as 25,000 listeners and past calls, and we hope that's the case again tonight – but before we gets started on the call. We want to go ahead and pray the call in. Let's all pray it in together. Be in an attitude of gratitude and thankfulness as we pray it in together.

I guess, really, we're set to go right into the Intel segment. All right

After, okay, let's do this. This is not a long segment. Intel has become relatively hard to get – it is quiet in most places – due to gag orders – and NDA’s – people have been told to shut up and not say anything -

However, all of this information from tonight, all of it is coming from Iraq directly, and we have some sources there that got in touch with us yesterday and again today and the yesterday information was that one of our sources was at the Baghdad International Airport and was able to use his credit / debit card. An Iraqi citizen was able to use his credit debit card to not only obtain lower denominations on the ATM, but also purchase airline tickets – in the ATM – which I didn't know you could do, but he was able to do that, and of course, friend to be able to do that. He did have a rate, and he was able to be successfully able to transact business in Iraq - on the Iraqi dInar – And that's really a very little thing

Now, the other piece of information came today, also from Iraq, from the source in Fallujah and this source was saying that we would have the Iraqi 2024 budget in the gazette over this weekend , that would be Saturday or or Sunday.

You might have seen that they're planning major celebrations in Iraq on Sunday. That does not surprise me. That's the last day of this month, and the first of July is Monday. And Intel stops, in my opinion, takes over.

We've had Intel. Some of it has been good and fairly accurate, and some of it has not. We have not had the timing right on. We've got rates. Oh, don't worry about that. I know what the rates are, but we do not have the timing for when patients would come out. We've been told patients Monday, we were told Tuesday, we were told Wednesday, we were told Thursday – and then we went back to the sources that gave us the information and they recheck, recheck with their sources, and they apologize and said, no, no, it's going to be the last three days of this month -- that last three days of this month are Friday, Saturday, Sunday, tomorrow, Saturday and Sunday.

So be approved by I'm sorry that the Intel i put it out has been wrong. I hate that. You guys know. I hate to put out Intel. I hate it, and I want to put out the most accurate, real information I can do - you guys know I’ve wanted to do ever since the very beginning of the big call .

So the newest, latest report is last few days of this month, Friday, tomorrow, Saturday or Sunday. This should be a bang up weekend for us. Iraq”s planning to celebrate great guns on Sunday, and we've got the first of July on Monday. My opinion is my opinion, we should possibly get notified in the next few days and actually exchange starting Monday. Nothing ever happens on Monday, but maybe Monday the first after Iraq has already celebrated on Sunday – after the budget has already been put in the gazette over the weekend –

I don't know. I'm just wondering, is that, essentially the beginning of NESARA, do we have a new USN that has been out and traded, but do we have it at the banks as a former thing we have that on Monday. This is where it's a little bit dark. We don't have that information. We don't know.

Now. Now we also heard that, you know, President Trump is due to return between the first and the fifth of July.

We'll see. We heard other dates that he was supposed to be back. We heard that the Supreme Court with Justice Clarence Thomas has reversed the 2020 elections, that was over a month ago - and we haven’t heard it – he did, and we heard that President Trump's what would we call it? The sentences on those 34 indictments were overturned last week by Clarence Thomas.

When are we here going to find out about that? When does that come out? They're looking for the right moment to bring that out - up. I can't tell you if it's this week, if it's this weekend, or whether it's later in the month of July.

We can forget about R and R this month and soc sec increases – in the month of June - . So we're going to point our attention to July . We don't know specifically yet, when it’s going to happen - so we'll leave that one out there if I can get and we have another call, which I hope we don't, but if we do another call, hopefully be able to let you guys know if that's the plan for July, I would say it probably is. But again, I don't see R and R - or increase in social or anything happening until one - the RV takes place. And NESARA a is announced, because that is all part of the NESARA

We need NESARA to be known to the American people, By the way – the contract rate on the Dinar again, a little over dollar today, still in really good shape, and they will offer it to you if you are a US citizen. Just saying, that's going to count for something. President Trump wanted to make sure that American citizens were treated, treated, one example. So I guess what I'm saying is, we can't telp.

They don’t want to know when this thing's actually going to go but the information we're getting out of the Iraq, the one the guy that told us, you know, it was using the ATM that had that was able to print.

He said, our time will come in a couple of days, a couple more days, but I think he's probably right on the money. It could very well be Friday, Saturday or Sunday, and it could be a start on Monday, the first start a new quarter.

Let it come to us and just and just welcome it when it arrives. We're that close. Okay, let's pray the call out. I want to thank everybody for listening. Thank you big call you around there, around the globe. Thank you satellite team sat team for up all over the globe, letting people this call in their own language three seconds after I speak it in English.

Well, thanks everybody so much for listening. We appreciate you, and we look forward to maybe another call, or maybe not another call for just an ability to stay in touch with you by email. Okay. So, everybody. Have a great night - So, everybody have a great evening

Bruce’s Big Call Dinar Intel Thursday Night 6-27-24 REPLAY LINK Intel Begins 1:03:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHb8O

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Global Economic News from the Seeds of Wisdom Team Friday Afternoon 6-28-24

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KTFA:

Clare: Dinar Explainer 2: Consequences of Iraq's Two Exchange Rates

28th June 2024

On arecent webinarorganised by theIraq Britain Business Council (IBBC), Professor Frank Gunter ofLehigh Universityoutlined the key changes in the dinar exchange rate over the years, as well as the consequences of having two exchange rates. (For more on the reasons why Iraq has two exchange rates,click here).

Current Exchange Rates

There are two exchange rates in Iraq: the official exchange rate and the market rate.

The official exchange rate is approximately 1,310 Iraqi dinars per US dollar.

The market rate is higher, at around 1,460 Iraqi dinars per US dollar, which represents a 12% gap between the two rates.

Impact of Dual Exchange Rates

The existence of dual exchange rates has several negative effects on Iraq's economy:

It slows economic growth by disrupting existing contracts and discouraging trade and investment both domestically and internationally.

It encourages corruption, as individuals and entities can profit from the difference between the official and market rates by being paid in dollars and making payments in dinars.

It complicates fiscal policy, making it harder for the government to manage the economy effectively.

Historical Changes in Exchange Rates

December 2020: Thedinar was devaluedby 23%, primarily due to the fiscal crisis of 2020 and the drop in oil prices. This devaluation was intended to allow the Ministry of Finance to obtain more dinars for each dollar of oil revenue.

February 2023: There was arevaluation, increasing the value of the dinarfrom 1,450 to 1,310 per dollar. This revaluation was beneficial for importers, as it made imports cheaper, but it negatively impacted exporters of non-oil goods, making their products more expensive abroad.

Effect of Dollar Appreciation

Since the revaluation in February 2023, the US dollar has appreciated by about 3.3%. This further makes imports cheaper in Iraq but makes exports more expensive, affecting the balance of trade.

Challenges of Dual Exchange Rates

The dual exchange rates have contributed to economic disruption by making it difficult to conduct business with predictable costs and revenues. The gap between the rates incentivizes corrupt practices and complicates governmental fiscal management, ultimately leading to slower economic growth.

In summary, the official and market exchange rates in Iraq have undergone significant changes in recent years, driven by economic crises and fiscal policy decisions. The dual rates present ongoing challenges for economic stability, growth, and governance.

The consequences of having two exchange rates in Iraq can be summarised as:

Slowing Economic Growth

The dual exchange rate system disrupts existing contracts and discourages both domestic and international trade and investment. This disruption hinders economic stability and growth.

Encouraging Corruption

The gap between the official and market exchange rates creates opportunities for corrupt practices. Individuals and entities can profit from the difference by being paid in dollars and making payments in dinars, exploiting the discrepancy for financial gain.

Complicating Fiscal Policy

Managing the economy becomes more challenging with dual exchange rates. The existence of two rates complicates fiscal policy, making it difficult for the government to implement effective economic measures and maintain financial stability.

LINK

TNT:

CandyKisses: Dinar Explainer 1: Why Iraq has Two Exchange Rates

By John Lee.

On arecent webinarorganised by theIraq Britain Business Council (IBBC), Professor Frank Gunter ofLehigh Universityexplained the causes and effects of Iraq's dual exchange rate.

The three reasons why Iraq has two exchange rates are:

1. Excessive Demand for US Dollars Internationally:

There is a high demand for US dollars in countries like Iran and Syria, where local currencies have significantly devalued. Entities in these countries are desperate to obtain dollars, which are accepted everywhere and difficult to trace.

The excessive demand for US dollars internationally is driven by several factors:

1. Currency Devaluation in Neighboring Countries:

• The Iranian rial has lost 75% of its value due to sanctions from the US and other nations.

• The Syrian pound has lost 99% of its value primarily due to the ongoing civil war.

• These significant devaluations have led entities in Iran and Syria to seek more stable currencies like the US dollar.

• There is a particular demand for physical US dollars (paper currency) rather than electronic funds transfers (EFTs). Physical dollars are preferred because they are accepted everywhere and are impossible to trace, making them more desirable for transactions that may need to avoid scrutiny.

• Due to these devaluations and economic instability, Iran and Syria find it more feasible to obtain dollars from Iraq. The Iraqi market offers a cheaper source of dollars, requiring fewer real resources compared to other regions.

These factors collectively create a significant international demand for US dollars, which in turn impacts Iraq's exchange rate dynamics by increasing the pressure on its currency system and contributing to the existence of dual exchange rates.

1. Internal Demand for Dollars:

Within Iraq, the dollar has dominated the dinar both as a medium of exchange and as a store of value. Although recent regulatory changes have reduced this dominance, the demand for dollars remains strong.

The internal demand for dollars in Iraq is driven by several key factors highlighted in the text:

1. Dominance of the Dollar:

• Historically, the US dollar has dominated the Iraqi dinar both as a medium of exchange and as a store of value. This dominance means that people prefer to use and hold dollars over the local currency, contributing to the internal demand for dollars.

• Although there have been recent regulatory changes aimed at reducing the dominance of the dollar, the demand remains strong. These changes have not been sufficient to shift the preference from dollars to dinars significantly.

• Iraq's economy is still very much a cash economy. The Central Bank of Iraq estimated that there were 90 trillion dinars outside financial intermediaries, highlighting the extensive use of cash. This reliance on cash further underscores the preference for a stable currency like the dollar.

• The banking system in Iraq is underdeveloped. The state-owned banks are not private sector-oriented, with major banks like Rafidain and Rasheed facing difficulties. Additionally, Iraq is severely under-banked, with only four bank branches and five ATMs per 100,000 Iraqis, compared to the Middle East and Northern Africa average of 14 branches and 37 ATMs.

• The lack of a universal core banking system, which makes it difficult to withdraw funds from a different branch than where the deposit was made, contributes to the preference for holding dollars.

• The perception that deposits have become more insecure has increased the demand for dollars. For instance, the suspension of dollar withdrawals starting January 1, 2024, has likely exacerbated concerns about the security and accessibility of funds, driving people to prefer holding dollars.

These factors collectively create a strong internal demand for dollars in Iraq, complicating efforts to manage the exchange rate and stabilize the economy.

1. De-Dollarization Efforts by the New York Fed:

The New York Federal Reserve has restricted dollar transfers to reduce dollar flows to Iran and Syria. They have also excluded over two dozen Iraqi banks from transactions, which has increased the complexity and demand for dollars in Iraq.

The de-dollarization efforts by the New York Federal Reserve (New York Fed) are part of a broader strategy to control the flow of US dollars, particularly to countries under sanctions such as Iran and Syria. Here are the key points from the text:

1. Restriction on Dollar Transfers:

• The New York Fed has restricted the transfer of physical dollars to Iraq. Previously, both electronic dollars (via electronic funds transfer, or EFT) and paper dollars could be sent to Iraq. Now, the New York Fed primarily allows only electronic transfers while restricting the shipment of actual paper dollars.

• Over two dozen Iraqi banks have been excluded from doing transactions with the New York Fed. The New York Fed will not transfer funds to these banks or respect their transactions. This exclusion is part of the effort to control the flow of dollars and reduce the likelihood that they will end up in countries like Iran and Syria.

• The primary goal of these restrictions is to reduce dollar flows to Iran and Syria. By limiting access to physical dollars and restricting certain banks, the New York Fed aims to make it more difficult for these countries to obtain US dollars, which are in high demand due to the devaluation of their own currencies and economic sanctions.

• The de-dollarization efforts have significant implications for Iraq. The restriction on physical dollar transfers and the exclusion of certain banks have added to the complexity and demand for dollars within Iraq. These measures are part of the broader challenge facing the Iraqi government as it tries to manage its dual exchange rates and stabilize its economy.

These efforts by the New York Fed are part of a strategic initiative to use financial controls as a means of exerting economic pressure on countries like Iran and Syria, while also attempting to mitigate the impact on the Iraqi economy.

You can read more on the history and consequences of the dinar exchange ratehere.

https://www.iraq-businessnews.com/?p=221422

PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain political –type picture is posted on Marks videos I will not show it. If Mark gets removed from YouTube for political opinions I will no longer transcribe any highlights. Thank you for understanding.

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 Michael Cottrell Friday 6-28-2024

Member: TGIF Beautiful Z Family! Sending Much Peace, Love & Harmony

Member: I can’t believe how fast the weeks go by! It’s already Friday again!

Member: Good Morning. Is it Fantastic Friday or Freaky Friday? Lol

Member: Are we there yet-LOL.

MZ: With what I am hearing from the banking side…..this may be it. I am feeling exceptionally good as to where we are at right now.

MZ: News is pointing to right after July 4th from the banking side.

MZ: I continue to get similar things for between the 4th and the 15th out of Iraq. I am hopeful this is accurate

MZ: There is a lot of disinformation out there….Hang on and don’t ride the roller coaster.

Member: RV- I hope it’s real and we are not just being strung along.

MZ: When there is something real and actionable- I will share it. Hang on…We are watching it wind down to completion.

MZ: Bonds and CMKX and Prosperity packages are quiet. Lots of chatter about preparations- but no details are being shared right now.

Member: Frank 26 says Sudani has signed the budget

Member: Iraq has passed the 2024 Budget schedules into law and should be in the Gazette this weekend or next Wednesday.

Member: Wolverines says people are being paid , soon this will be over.

Member: My local bank in Georgia, United Community, as of Monday launched a new website with a digital platform and wealth management.

Member: I went to my bank yesterday and was told it would be closed for the next three days to change the system.

Member: Looks like most of the good news comes out of BRICS lately…..They have a lot of things happening.

MZ: Is BRICS to launch a Gold-Backed Currency this August?

MZ: “BRICS Gold Backed Currency to launch at 2024 Summit?” It is now widely suspected and anticipated that BRICS will announce the details if not the actual gold backed currency in August at the BRICS summit.

MZ: Will they give us the framework or the actual currency???? According to ministers in Russia, India and China…. – the new currency is ready and tested…..That could explain the 1300 tons of gold missing in China. It may have been tucked away to back the MBridge new currency. .

Member: I sure hope we are not waiting for the new BRICS currency for the reset/rv???

MZ: Japan is coming out with new currencies for July!

Member: I heard that we're waiting for the announcement from the USA to confirm the New USN gold backed currency.

Member: What is your gut feeling on when the RV may hit

MZ: My gut is screaming between now and the 15th.

MZ: I will be back stateside for July 4th to visit family and medical reasons…….Not because of the Potential RV. I would love to exchange while I am there though.

Member: Hoping your exchange dream for over the 4th comes true Mark….for us all.

MZ: As slow as Fridays are I may not do a podcast tonight. I need the rest.

Member: MatkZ, Mods and everyone! I wish everyone a blessed weekend!

Member: Still hoping, Wishing and praying this is our weekend.

Mr. Cottrell Joins the stream today. Please listen to 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

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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.

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