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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, August 27, 2019

RV/INTELLIGENCE ALERT - August 27, 2019

(Disclaimer: The following is an overview of the current situation of the world based on intelligence received from several sources which may or may not be accurate or truthful.)

Central Banks are admitting defeat as signs of a New (Gold-Backed) Financial System are coming into light.

https://www.zerohedge.com/news/2019-08-26/things-will-never-be-same-again-here-are-20-questions-central-banks-admit-defeat

President Trump is stepping up attacks on the Federal Reserve to prepare the American public for the return to the gold standard.

Melania Trump's gold dress featuring hibiscus flowers signifies the "Perfect Storm" and the upcoming return to the gold standard.

https://twitter.com/prayingmedic/status/1165769306677735426

The Federal Reserve's Jackson Hole meeting and the G7 Summit are timely as the main topic is the global economy.

France's President Macron agreed to scrap their national tax once an international tax agreement is reached.

All countries will transition to an international tax which is part of the GESARA agenda.

The situation in Hong Kong will trigger a global movement to reject Communism.

Meanwhile, sources still expect the RV to begin before the US Dollar crashes which will trigger the return to the gold standard.

MARKZ VIDEO, 27 AUGUST


COFFEE WITH MARKZ, 27 AUGUST

MarkZ Tuesday Update- Some highlights by PDK-Not verbatim

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

MZ: I am still hearing from my zim swap people that they expect to go tomorrow. 

MZ: Isaac in Zurich can see the money in his account…(currencies and Historic bonds) .it has a hold on it….he hopes to have access at any time on his currency and by Thursday Morning on his bonds . 

Member:  Isaac did not mention rate as he's under NDA but did say that it was NOT 1:1

Member:  Isaac deposited Zim. Getting funds Thursday for that and maybe for currencies Wednesday.

Member:  Isaac deposited his holdings and got an skr (safe-keeping receipt).

MZ: There are rumors of a new rate in-country possibly in Iraq….we are trying to verify this now…….lots of articles out on the new coins…….you can’t have coins without a new rate….does not make sense. 

Mod:  CONTACTS TRYING TO GET REPORT FROM IRAQ

MZ: My contacts at redemption centers are on a “heightened level” if that means anything. 

MZ: My last update on cmkx package deliveries was they start again on Wed. 

Member:  Frank 26 is very positive and indicates he believe it will be "real soon"

Member:  Mark's info, Isaac's info, Frank 26 info..All positive..This could be it Ladies & Gentlemen...

Member:  For what it’s worth, I heard Trump say yesterday before he left France that he had a BIG announcement to make but when he got back to DC. He’s back so let’s pray he’s quick

Member:  Trump said a large amount of money in September

Member:  I understand that Isaac made a private deal, because he didnt need the 800#s

MZ: Exactly…he is in a private group……those not lucky enough to be in one has to wait to exchange with 4b along with the rest of us. 

Nflemingjr:  NO ONE KNOWS WHEN THE 800'S ARE COMING OUT IT IS VERY QUIET AT THE MOMENT AND THAT IS ON PURPOSE

Eagleone2025:  MY SOURCES HAVE SAID THAT WE ARE LOOKING STRONG IN SEPT. I BEEN VERY BUSY GOOD MORNING TO U ALL. WH AND DC SOURCES HAVE SAID THE WINDOW IS SEPT. THEY STATED THAT THEY WANT IT DONE BY OCT.

Eagleone2025:  I CAN TELL U THAT THE SEPT OCT WINDOW IS VERY POSITIVE KEEP YOUR HEAD UP AS I SAID IN JULY SEE U IN SEPT. BLESSING EAGLE ONE OUT

Member:  RUMOUR I HEARD ABOUT MILITARY AND DC IN S THEY ARE THERE FOR RGB SOON TO BE DEATH AND THE CHAOS HER DEATH BRINGS TO THE CABAL AND GIVES TRUMP ANOTHER SCOTUS PICK

Nflemingjr:  4B OR 4 INDIVIDUALS BECAUSE THEY HOLD ALL THE ZIMS ARE BEING HELD HOSTAGE BECAUSE ONCE WE GO EVERYONE IS PAID BUT THE BIG PROBLEM THEY HAVE ALREADY PAID OUT MORE MONEY THAT REACHES PAST THE POINT OF NO RETURN. SO IT AMOUNTS TO POLITICS AND NOTHING MORE AND THAT BOTH COUNTRIES REALLY DON'T CARE ABOUT THE PEOPLE.

Member:  Watch todays Restored Republic the white background with black letters they stated President Trump is holding the 4b group hostage for negotiations with China

Q: Any news on the RV Grand Jury? 

MZ: They have a jury seated now and they are sending out subpoenas and getting ready to hear testemonies. 

Q: Who has been paid besides our congress? 

MZ: I have heard that many of our congressman have been paid already……maybe that’s how Obama bought his mansion in Martha’s vineyard?     Maybe some high ranking military and some big contrators have been paid…but not many………and yes them getting to go before us is horrendous……

Q: When will the reset be announced?

MZ: I believe it will be announced several days after we exchange……..for security 

Member:  There were about 5 false starts. Lots of testing after steps. catching skimmers, etc.

Mod:  REMEMBER THIS IS LABOR DAY WEEKEND - THE LAST MAJOR SUMMER HOLIDAY OF THE YEAR

MZ: years ago the reset was set up to go over a 3 day weekend…..now with the speed of the QFS I believe it can go worldwide within seconds…..so I do not think the 3 day weekend is as necessary to the reset as it used to be….

Q: What do you say to those who are saying you are getting paid to give out 800 numbers?

MZ: bullshit………there are sites out there paid to say bad things about most intel providers. ….i would love one of them to come on here and debate with me- 

Q: Is trump a good cop or a bad cop?

MZ: I think he could do more right now……but he is the first president /administration to actively want this to happen. 

Member: Trump is a chess player he is analyzing every move he makes with help of the white hats this takes time to unravel 150 years of corruption 

Member:  This is just as much a military takedown of the deep state as it is about the RV. You can’t have one without the other!
Q: What is a super petchelli bond? 

Member:  the nickname “Super Petchili” was given to the 5% Gold Loan of 1913 for the Lung-Tsing-U-Hai Railway. The loan was created by virtue of a resolution of the Assembly of the Province of Petchili. By agreement entered into on the 27th January 1913, the Government of the Chinese Republic has sanctioned the resolution by guaranteeing absolutely and unconditionally the punctual payment of principal and interest of the present loan. The participating financial institution was the Banque de Rep

Member:  Here ya go MZ; Dr. Shabbi on Iraqi Dinar Revaluation - https://youtu.be/ol8wve53-ME

Member:  Stock Market Warning! Corporate Insiders Are Selling Their Own Shares At A Near Record Pace! pub. 27/08/2019 by Silver Report Uncut

Member:  X22 Report We Are Watching The Reset Of The World Economy - Episode 1953a https://youtu.be/TH9v-VQ5_gY

 IF THE INTERNET GOES DOWN MARKZ NEW NUMBER Emergency number (712) 770-5028 Code:648989 Playback number (712) 770-5066

MarkZ theoriginalmarkz@gmail.com Website https://www.theoriginalmarkz.com

BRENT JOHNSON WILL BE HERE TODAY AT 3:00PM Brent Johnson Common Law Pure Trust Call. 605-313-5405 Pin # 888316. Replay: 605-313-4103 PIN # 888316

MarkZ and Brent Johnson What is going on with 800 numbers Tues 3:00 EDT Chats live or recorded https://www.twitch.tv/theoriginalmarkz SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MASTERS TRUST Call Today Tuesday Aug 27th at 4:00 PM Pacific time. Conference Call # 712-770-4010, Access Code: 575203#

TWITCH HAS BEEN INTERMITTENTLY NOT SENDING OUT EMAILS WHEN MARKZ STARTS HIS CHATS - BE PREPARED FOR MONDAY THRU FRIDAY AT 10AM EDT FOR THE COMMON CHATS

Note: Please listen to the replay ….Chat moves quickly and Markz speaks very fast  

Twitch:   https://www.twitch.tv/videos/473052690## 

KTFA CC PLAYBACK LINK, 27 AUGUST

Monday Night KTFA CC 8-26-19


PLAYBACK : 605.313.5163    PIN: 156996#

MARKZ VIDEO LAST NIGHT, 27 AUGUST


DINARLAND HIGHLIGHTS, 27 AUGUST

Don961 (KTFA)

Article:
"Iraqi coins that were previously in use"

Quotes:
"there is a step to delete the zeros preceding the coinage process to be a value for small groups to large.";

"It is noteworthy that the Iraqi dinar, which was equal to 3.22 dollars before Iraqs invasion of Kuwait in 1990..."

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MilitiaMan (KTFA)

Article:
"The strategic partnership between the government and the private sector is the cornerstone of Iraq's 2030 vision"

Moving to a market economy is essential now. They have calculated the mechanisms to do so now. They'll also need to have the economic reforms in place at an international level to support the new economy to come. Attracting foreign capital is clearly going to come from a new exchange mechanism in place...imo.
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MarkZ

I am hearing from a number of sources that today is our day…Political sources swear that early afternoon today is it. Redemption Center people are in meetings today...they were on call over the weekend but didn’t work. Supposedly the whales will be liquid at 9AM Reno time. No new value yet in Iraq.

[Where’s that GOLDEN EGG?]

No Golden egg yet. We are hearing Trump may make an announcement when he gets back from the G-7...So we are to expect something when Trump hits the ground...about 8pm est? Maybe it can be activated when they are over international waters…I do not know for sure. I hear the whales will be swimming by Wednesday…
______________________________________________________

Frank26 (KTFA)

...this interview we are calling the "second article" from the CBI to the citizens concerning their monetary reform...it contains the information..about...many different things but mainly they're going to introduce new small category notes, the 1, 5, 10, 20 that will coexist with the three zero notes they have right now...this was an interview solely for the citizens of Iraq to be broadcasted and constantly repeated throughout the day....24/7 it will be broadcasted for a specific amount of time...I think it'll probably start...sometime next week...Monday or Tuesday is where I'm hoping for... 
______________________________________________________

Kaperoni

[The IMF put an imposed rate, a programmed rate on Iraq which brought on FAKE inflation, the 3 0's. The CBI must remove the zero's first before THEY can assign the true value. Market isn't involved at this point. Then, they will give the real value based on their massive reserves.]

This is complete nonsense. The IMF never imposed a rate on Iraq, Iraq's exchange rate was self inflicted...
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Jeff

..."delete the zeros" is just that. It's when they use smaller notes to replace lager notes and is a devaluation unless the rate is increased. On March 20th Iraq already came out and told you they're going to increase the exchange rate of the Iraq dinar. So you have smaller notes coming out to replace larger notes within the country of Iraq along with an increased exchange rate. Boom there it is cut and dry...Back around 2012 the CBI already came out and said the two different currencies will coexist together within the country of Iraq. That means a 25k note will have its own unique rate and a 25 note will have its own unique rate...we're good... 

Restored Republic via a GCR: Update as of Aug. 27, 2019

Judy Note: The general consensus was that the 800#s could be released at any moment because everything was done. 

According to Nflemingjr on the MarkZ call Aug. 26, Tier4b has not yet gone because the US was trying to undercut the Chinese on contracts that the Chinese had with Zimbabwe. He said that Tier4b had Zim, so the US was using those redeemers as hostage. Some concessions were lost and then the US was given until midnight Hong Kong time (12 noon EDT Mon. Aug. 26) to complete the reset. 

We might have reached that deadline because it was rumored that Historic Bonds would be funded on Wed. Aug. 28, while Super Pachelli Bonds funding was set for Thurs. morning Zurich time Aug. 29, (which was actually Wed. evening EDT), while some Whales were also told they would be swimming by Wed. 

At present no Whale was liquid according to a well-connected contact. They were awaiting issuance of currency receipts which would make initial transactions for their USN’s live. About two weeks ago the Whales were contacted and told to be ready. Then came the big delay caused by a glitch that held things up in Zurich, or could have been due to a recall of politicals to vote on the Procurement Act that expired on Aug. 14 in Zimbabwe, though was renewed that very evening.

According to recent Intel Reports after the 800#s came out and as the fiat dollar imploded, President Trump planned to issue a State of Emergency and sign an Executive Order that would ensure a return of US currency to a Gold Standard. 

Evidently a new Back Wall for Zim redemption has been set for Sept. 10

A. From Q:

#TheStorm is about bringing down the many elite pedo and blackmail rings that have led to saturated corruption in world governments. Epstein was the top-shelf ring implicating royalty and heads of state, but there were many trickling all the way down the pyramid. #ThankQ Trust the Plan, Q:https://www.youtube.com/watch?v=KVeDKuHPDK8 

B. Aug. 26 2019 Morning Coffee with MarkZ:https://www.witch.tv/theoriginalmarkz 

1. nflemingjr: The real reason as to why Tier4b has not gone was because the US was trying to undercut the Chinese on contracts that the Chinese have with Zimbabwe. Tier4b were the ones who had Zim, so the US was using Tier4b as hostage. 

2. nflemingjr: Some concessions were taken away and then the US was given until midnight tonight Hong Kong time (12 noon EDT today Mon. Aug. 26). See World Clock: www.timeanddate.com/worldclock/full.html). 

3. Mark thought it was highly possible to see the RV this week. His paymaster expected to be done and home by next weekend. 

4. Redemption Center people were in meetings Mon. Aug. 26 and had been on call over the weekend, but didn’t work. 

5. Mark heard the Whales would be swimming by Wed. Aug. 28

6. Historic Bonds would be funded on Wed. Aug. 28

7. Several have reported having Zim Swap redemption appointments set forWed. Aug. 28

8. Mark’s contact Issac in Switzerland was being told he would have funding on his Historic Bonds by Thurs. morning Zurich time Aug. 29 (Wed. night Aug. 28 EDT). 

9. Super Pachelli Bonds would be funded on Thurs. morning Zurich time Aug. 29 (Wed. night Aug. 28 EDT). 

10. The new Back Wall for Zim redemption was set for Sept. 10

C. Aug. 26 2019 2:31 am EDT Intel Alert: RV/Intelligence Alert: "Final Leg" -- August 25, 2019 (Disclaimer: The following is an overview of the current situation of the world based on intelligence received from several sources which may or may not be accurate or truthful.)

1. President Trump was out of country at the G7 Summit in France. World leaders have been given briefings on what to discuss at the summit. Implementation of a new (Gold-Backed) Financial System would be discussed behind closed doors.

2. IG Michael Horowitz has completed his investigation into the alleged FISA court abuses and his findings would be given to AG Barr by next week, allowing the Attorney General to begin DECLAS and trigger arrests, indictments and prosecutions of various high profile individuals and government officials throughout the remainder of the year.

3. The Governor of the Bank of England claimed that the US Dollar could no longer be the World's Reserve Currency.https://inteldinarchronicles.blogspot.com/2019/08/mark-carney-us-dollar-can-no-longer-be.html

4. Various banks were claiming to be broke, signifying that the Fiat Financial System could no longer sustain itself.https://inteldinarchronicles.blogspot.com/2019/08/godfrey-bloom-all-banks-are-broke.html

5. The New York Stock Market was in the red, losing all gains for the year.

6. Ron Paul claimed the Federal Reserve was on its final legs.

7. The Federal Reserve would soon cease to exist after the US Dollar dropped significantly, triggering a return to a Gold Standard.

8. President Trump would ensure the return to the Gold Standard by Executive Order and declaring a State of Emergency.

9. The RV would begin before the US Dollar dropped. 

D. Aug. 26 2019 TNT Call Ray, Tony: http://tobtr.com/s/11478799 

1. Iraq started showing their new Dinar coins yesterday Sun. Aug. 25

2. Tony felt that this could happen at any moment because everything was done. 

3. Bank exchange personnel had been called in and were waiting. 

E. Aug. 26 2019 No Way Back for the GCR, Bluwolf:https://www.dinarrecaps.com/our-blog/news-rumors-and-opinions-monday-morning-8-26-19 Bluwolf: First off we are at a great moment to receive this BLESSING on schedule, I might say. All is moving along according to the actual and only plan. Securities are in place and on highest of alerts so are all banks and their personnel. All leaders around the world are pushing both this Global Currency Reset and this Revaluation scenario forward and so you know there is no delays no upsets and definitely no way back. This has been guaranteed. 

F. America Still in Official State of Emergency:https://www.globalresearch.ca/yes-america-is-still-in-an-official-state-of-emergency/17545 

G. FEMA Blueprint for Martial Law in America:https://www.globalresearch.ca/rex-84-fema-s-blueprint-for-martial-law-in-america/3010 

H. George: The Mockingbird Crime Syndicate is dying. And the World will know. #WeWillHaveTheLastLaugh #G2 

GEORGE @TheCollectiveQ Aug 25 We have one more installation to make.#KAG

I. International Child Sex Trafficking:

Aug. 26 2019 Experts speak of dangers between social media and child pornography: https://www.komu.com/news/experts-speak-of-dangers-between-social-media-and-child-pornography 

J. Rumored Events:

Fri. Aug. 2 2019: The RV green light was turned on.

Mon. Aug. 5 2019: Stock Markets around the globe zeroed out as countries were put on the Gold Standard and new currency rates were locked into bank back screens, though not made public. As the reset was activated various bankers across the globe tried to skim the system. Within minutes, all were caught and dealt with.

Wed. Aug. 7 2019 @ 2:20 pm EDT: In the US a National Emergency Alert Test was completed on TV, radio and certain cell phones – a plan tied into the reset. Exchanges were taking place in Spain, Portugal, Italy, India and other countries across the globe.

Thurs. Aug. 8 2019: The reset was paused when it reached North America around noon EDT. A meeting was held between China and US leaders where a new contract was signed on deadlines for the reset.

On Sun. Aug. 11 2019 and according to Q, the kingpin of the international Child Trafficking Ring Jeffrey Epstein was rumored to not be deceased and had been transferred out of his New York jail cell to places unknown (likely GITMO) as part of a final push for the Global Currency Reset. Since then military operations on his “Pedophile Island” have revealed Satanic Child Sacrifice rites likely took place in his temple structure on the island and children’s bones in waters surrounding the island. Recordings of his pedophile parties had been used to blackmail politicians and influential leaders for the sake of the Cabal. An international top secret meeting was held on details of the Global Currency Reset in the evening of that same Sun. Aug. 11.

Tues. Aug. 13 2019: Redemption Center personnel were told to cancel all vacations and report to work.

Thurs. Aug. 15 2019: The new Quantum Financial System (QFS) was officially activated as per an agreement between the World Court, China and the Zimbabwe Treasury. Social Security cards were now Gold-Backed. The Dragon family had taken over the revaluation, re-cut the Gold Certificate and given President Trump a concrete date to complete the reset and release 800#s, or else.

Thurs. Aug. 15 2019 also “happened” to be the day 48 years ago in 1971, that President Nixon ended the ability of foreign governments to exchange dollars for gold, pulling the US off the Gold Standard.

Mon. Aug. 19 2019: Zim Platforms started in Zuich, though by Tues. Aug. 20there was a hiccup which delayed the release.

Tues. Aug. 20 2019: The remaining 14 countries to be GESARA compliant signed off around 8 pm EDT Tues. Aug. 20. The IMF had yet to announce that 189 countries were gold backed.

Wed. Aug. 21 2019: Protocol had changed for the release and it was not known if Mike Cottrell would be the one to push the button. A world renowned financial expert declared to the Powers That Be at the new US Treasury in Reno that the fiat dollar was basically dead and in order for the US financial system to survive, the RV had to happen within 24 hours.

Thurs. Aug. 22 2019: Activation of the RV occurred at 9:30 am EDT. US Thunderbirds and British Red Arrows flew down the Hudson River at Opening Bell of Stock Market, signifying death of the fiat system and activation of the Quantum Financial System. At that moment “Mad Dog” exchanged, became partially liquid, was promised to receive another deposit Fri. morning Aug. 23and the first Zim Bond payout by Oct. 1. Certain others were called in to begin the exchange and redemption process. Military personnel had already begun exchanging on their bases a couple of months ago, while Contractors in Iraq began exchanging 14 months ago.

Gurus were put on High Alert to receive the 800#s sometime after midnightThurs. Aug. 22 – Fri. Aug. 23.

Thurs. Aug. 22 to Sat. Aug. 24 2019 Federal Reserve Bank’s annual Economic Symposium in Jackson Hole Wyoming “Challenges for Monetary Policy.” Worth of the US Dollar was expected to significantly drop after the Federal Reserve's Jackson Hole meeting concluded on Sat. Aug. 24. This would signify the end of the Federal Reserve. 

Thurs. Aug. 22 2019: Justice Department Inspector General Michael Horowitz completed his investigation into alleged Foreign Intelligence Surveillance Act abuses (FISA Abuse Report) by the Justice Department and FBI. Next week Attorney General William Barr would begin declassification. 

Mon. Aug. 26 2019: Nflemingjr on MarkZ reported that the real reason as to why Tier4b has not yet gone was because the US was trying to undercut the Chinese on contracts that the Chinese had with Zimbabwe. (Tier4b were the ones who had Zim so the US was using Tier4b as hostage). Some concessions were lost and then the US was given until midnight Hong Kong time (12 noon EDT today Mon. Aug. 26) to complete the reset. 

At a Mon. morning Aug. 26 news G7 Summit conference with President Trump and France’s Macron, Macron stated that France would scrap their national tax once an international tax agreement was reached – indicating the seven countries of the G7 were going to an international digital tax system. 

In the event of a Stock Market crash a State of Emergency would be declared and President Trump would ensure a return of the Gold Standard through an Executive Order. DECLAS was expected to begin in full force after the return of the Gold Standard. According to an Intel Report this was not expected to happen until sometime after release of the 800#s.

Sept. through Dec. 2019: The Military would be on High Alert with expected major political and economic changes, disclosures on and arrests of major figures, plus mass arrests, trials and tribunals worldwide Sept. through Dec. 2019.

Sun. Sept. 1 2019: Restoration of the Republic (for the United States of America) was expected to be completed, though not announced until Sun. Sept. 15 or Tues. Oct. 1.

Tues. Sept. 10 2019: The new Back Wall for Zim redemption was Sept. 10

Wed. Sept. 11 2019: The general public could begin exchanges. All larger notes of revamping currencies were due off the street. Market participants were betting on a huge, seismic shock to the financial system during Sept.

Sun. Sept. 15 – Thurs. Sept. 19 2019: As private exchanges completed, a possible deadline to announce the Restored Republic.

Sat. Sept. 30 2019: End of the fiscal year. For some time US Taxpayer monies had been sent to the US Treasury in Reno, though Sept. 30 officially ended the IRS.

Tues. Oct. 1 2019: General Dunford would step down after the Army Generals had secured the Republic. Restoration of the Republic was expected to be completed before General Dunford stepped down. Zim payouts would begin.

Jan. 1 2020: VAT Flat Tax Code effective. On July 3 President Trump signed an Executive Order, content unknown, covering tax laws until Jan. 1 2020.Jan. 1 2020 was also the date for a reset of a Second Basket of foreign currencies.

K. WARNING on 800#s: When you call an 800# DO NOT give out the serial numbers of your currency or bonds, nor how much you had. The only thing the person or computer on the other end of the line would need to know was your zip code and what you had (Zim, Dinar, Dong, etc.) so you could be directed to a Redemption Center in your area.

L. Release of 800#s: So we could have a firm grip on our appointment strategy prior to going in, important information on how to exchange and redeem for participants worldwide would be made available on certain websites authorized to publish the 800#s.

If you obtained your appointment through a 800# to exchange at a certified Redemption Center you would automatically receive the Contract Rates (with the exception of Zim holders, whose bonds were worth so much that Contract Rates were saved for others).

The 800# appointments for special Contract Rates would only be available for a short period of time. After that you would need to exchange at a regular bank at a rate appearing on the Forex at the time.

Zim redemption would only be available until Sat. Aug. 31. After that the gold backed Zim Bond would still be as valuable, though you would need to make arrangements to redeem it.

Make sure any 800# you received through phone, email or otherwise was also present on these approved websites:

Dinar Chronicles: http://www.dinarchronicles.com/tetelestai.html

Dinar Recaps: https://www.dinarrecaps.com/our-blog

MarkZ Calls: https://www.twitch.tv/theoriginalmarkz

MarkZ website: theoriginalmarkz.com

MarkZ Twitter: m.twitter.com/originalmarkz

Bruce: bigcalluniverse.com https://www.iqdcalls.com/The_Big_Call.html

TNT Tony: https://twitter.com/the_tnt_team

KTFA: DELTA UPDATE, 27 AUGUST

KTFA:

DELTA:  Specialized: minted coins serve internal business transactions

 Monday 26 August 2019 

There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country.
   
 Strategic Plan

 Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support the value of the Iraqi dinar in trading

"The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said, adding that "part of the restructuring plan of the currency and banks involves the creation of coins for trading." Financial support for the national economy. "

Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions.

"Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency."

Delete the zeros

Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of the hyperinflation witnessed by many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end

Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into Economy".

Al-Ghalbi added that "the central bank is constrained by the existing cash in the replacement process, while foreign trade will not be affected as the price of exports will continue itself unchanged, as well as import payments are not affected because foreign exchange is in foreign currency against domestic, which remains unchanged because The purchasing power of a currency do not change".
  
 Multiple benefits

"Changing currency and deleting zeros brings multiple benefits, including the fact that changing the currency leads to more efficiency for the local currency by reducing the number of zeros," he said.
 Public".  He said that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially
  Accountants. "
  
 Monetary deception

Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by the people with a large number of zeros that push towards the generation of inflationary pressures, and the currency change signals to the local community and international markets that the government is serious in removing inflation, and the economy is heading towards a new beginning empty Of inflation
 Untamed. "

He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy Cash.