“Bits and Pieces” In Dinarland Wed. Afternoon 2-26-2025
KTFA:
Henig: Vietnam Poised to Become a Global Financial Hub with New Financial Center Proposal
Vietnam is taking a significant step towards becoming a leading global financial hub with the proposal of a new financial center. The initiative, backed by the Ministry of Justice and the Ministry of Planning and Investment, aims to create a diverse ecosystem of financial services concentrated in a specific area.
This financial center will serve as a hub for numerous financial institutions, banks, investment funds, and financial service companies, and will house stock, currency, and commodity exchanges.
The proposal underscores Vietnam's commitment to economic development and growth, leveraging its macroeconomic stability and investment attraction to create a competitive financial landscape. The establishment of this financial center is deemed necessary by Deputy Minister of Justice Nguyen Thanh Tinh, who emphasized the need for superior mechanisms and policies to enhance competitiveness while ensuring tight control and supervision.
The draft resolution, currently under appraisal, focuses on clarifying the position and role of the financial center within the economy.
By comparing it with the experiences of other developing countries, Vietnam aims to create a zone with special, superior, and unique institutions that will attract investors and foster the development of innovative financial products and services.
This move aligns with Vietnam's standing as a leader in the adoption rate of future financial technologies, providing a competitive edge in the global financial market. Vietnam's proactive approach to establishing a financial center reflects its ongoing success in economic development and growth.
The country's macroeconomic stability and investment attraction have positioned it as a standout in the global economy. The proposed financial center, with its own management and operation committee, financial supervisory committee, and international arbitration center, will further bolster Vietnam's financial infrastructure.
By implementing policies tailored to the financial center and ensuring robust government management, Vietnam is poised to connect with international financial centers and solidify its position as a global financial leader. This initiative not only promises economic benefits but also highlights Vietnam's forward-thinking approach to embracing future financial technologies and creating unique financial products.
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Henig: Asia to dominate global fintech market – report
Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.
A report from Singapore-based fintech UnaFinancial found that fintech-related transactions reached $16.8tr in 2024, an increase of $2.1tr on the previous year. This growth is expected to increase and the Asian fintech market is forecast to reach $18.9tr by the end of 2025, equivalent to 12.6% year-on-year growth.
With the global fintech market forecast to reach $40.1tr by year-end, Asia would account for 47.1% of the market’s transactions.
Much of the region’s growth has come from digital banking with an increase of $684bn accounting for a third (32.9%) of total growth.
But it is in digital investment and wealth management where growth has been highest. Between 2010 and 2024, these services have grown by an average annual rate of 92.1%.
According to UnaFinancial analysts, high smartphone adoption couple with limited accessibility to traditional bank accounts has fuelled the growth of digital banking in Asia. In addition, the emergence of so-called super-apps in the region, which include digital wallets, BNPL services and ecommerce, has also driven fintech adoption.
A further contributing factor is the effort of governments in the region to develop digital payment platforms and promote a cashless economy – this has also led to a surge in cross-border digital payments. Indeed, the report forecasts that the digital payments and transfers sector will be the primary source of growth for Asia’s fintech market, accounting for 45% of growth, exceeding the global average of 32%. Link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat This process has to change and the dinar has to get off this sole de facto peg to the U.S. dollar. This is the solution! That is the only way out of this mess in Iraq. They must go to a “basket of currencies” of developed countries as the IMF and the World Bank recommended for Iraq way back in 2011. In 2012-2013, the then director of the CBI, Dr Shabibi was going to revert to this basket of currencies which would have allowed the dinar to be reinstated. Of course, his plan was first going to conduct the Project to Delete the Zeros.
Militia Man We know Iraq's value is not based off oil alone. Aside from the obvious natural resources, non-oil revenue streams...she has massive diversity with income streams. All of which are underlying issues to get a proper valuation based on real assets and not based off sanctioned exchange rate that is not an international one. It has been in sub-penny range for over 20 years now. It's Iraq's time to shine...Iraq's ready for full integration into the international arena.
Gold, US Dollar, and CBDCs: The Next Currency War Is Bigger Than You Think
The Jay Martin Show: 2-26-2025
This panel from the Vancouver Resource Investment Conference 2025 explores the declining role of the US dollar in global trade and the rising importance of gold.
Andy Schectman, Grant Williams and Frank Giustra discuss the future of currency wars, strategies to navigate economic shifts, and the geopolitical impacts shaping these changes.
0:00 - Intro
4:24 - The Shift from US Dollar in Global Trade and Reserves
10:26 - The Role and Future of Gold in International Trade
15:53 - The Impact of Global Politics on Currency Stability
21:08 - Strategic Approaches to Navigating the Changing Financial Landscape
27:00 - Strategies for Managing Economic Transition
