China Suspends Debt Repayments for 77 Developing Countries And Regions
China Suspends Debt Repayments for 77 Developing Countries And Regions
by Tyler Durden Sun, 06/07/2020
Even as whispers of a grand debt jubilee grow in the developed world, China on Sunday announced the suspension of debt repayment for 77 developing countries and regions as "the nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries," the Global Times reported, citing Chinese officials at a press briefing at the State Council Information Office.
The debt moratorium comes after China announced in May it would provide $2 billion over two years to help other countries respond to the impact of the coronavirus pandemic.
Ma Zhaoxu, Vice Minister of Foreign Affairs, said that the fund will be not only include medical supplies, but also support other countries restart their economies and development. Ma made the comment at the press briefing to release the white paper titled "Fighting COVID-19 China in Action."
China's virtue signaling generosity did not end there: Ma added that China is negotiating bilateral aid with recipient countries in need in an equal manner to identify assisting projects to help developing nations improve public health standards, improve their livelihoods and resume their economies.
In short, China is preparing for one massive debt-for-equity swap where China will simply end up holding the equity.
And speaking of taking over, China is doing everything in its power to get all global NGOs on its side, having made made multilateral donations to the World Health Organization of $50 million, and providing assistance to global organizations including the Global Alliance for Vaccines and Immunization.
China also actively assisted in the fundraising event organized by the Solidarity Response Fund of the WHO in China; we can only imagine that's the reason why the WHO transformed into China's PR agency since the coronavirus outbreak.
Emailed to Recaps~Thank you David
Reset Intelligence: Iraq Goes First
By Reset Intelligence | @EXIT_FIAT
Iraq's Central Bank moved the IQD to 1,500 on Wednesday. Read that cut as the end of the story and you miss what Iraq is doing.
It is the first move in a sequence. Lower the rate. Replace the currency. Raise the rate.
"A Hasty Decision That Harmed The Citizen," MP Walaa Al-Jizani Said: "Raising The Dollar Exchange Rate Has Had Negative Effects On The Street, And Parliament Is Moving To Discuss Its Repercussions"
Baghdad - One News - 10/07/2026 Deputy Walaa Al-Jizani, Vice President of the Badr parliamentary bloc, described the government’s decision to raise the dollar exchange rate as “hasty,” stressing that its repercussions have negatively affected the public and harmed citizens.
Good Morning Dinar Recaps,
GLOBAL AI DEBT RESET WATCH: OPEN AI REVENUE GAP RAISES NEW QUESTIONS ABOUT THE AI BORROWING BOOM
New questions about how AI companies report revenue are emerging as technology giants pursue enormous financing deals, putting investor confidence and the sustainability of the AI investment boom under greater scrutiny.
Rob Cunningham: Money is Getting a Makeover
10-8-2026
MONEY IS GETTING A MAKEOVER
Forget crypto jargon. Forget politics. Forget financial terms.
Think about something everybody understands:
We buy a house. We want a deed.
We buy a car. We want a title.
CBI Tells Lawmakers New Dollar Rate Is Final
2026-10-08 Shafaq News- Baghdad Central Bank of Iraq (CBI) governor Nizar Hussein has informed parliament's Finance Committee that the new official exchange rate of 1,500 dinars to the dollar is fixed and cannot be changed, a parliamentary source told Shafaq News on Thursday. Hussein told committee members that changing the rate in the budget law would mean redrawing every table and line item in the draft, which was built on 1,500 dinars to the dollar, the source said.
Should Paper Checks Be Abolished Like The Penny?
Good Partner Tue, September 8, 2026 Jay L. Zagorsky
While Americans are writing fewer checks, they haven't abandoned this means of payment.
Germany is getting rid of paper checks at the end of 2027. Australia is bidding them farewell by 2030. U.S. President Donald Trump followed up his order killing off the penny with an executive order stopping check writing by the federal government.
Should the U.S. follow these other countries and broadly eliminate the ability to write checks?
BRICS Not Opposed To the US Dollar, Confirms Diplomat
Vinod Dsouza September 30, 2026 BRICSBusiness
Russian Ambassador to India Denis Alipov confirmed at the NDTV Defense Summit that the BRICS alliance is not opposed to the US dollar. He stressed that no member nation has spoken in an anti-Western tone at the September summit in India. Member countries have also not promoted any form of anti-Western agenda to push policies, he said.
Rob Cunningham: Forget Crypto, Watch What is Happening to Money
10-8-2026
Forget Crypto. Watch What Is Happening To Money Itself.
Our Money Is About To Work Differently – Forever.
And Almost Nobody Understands What – or Why – It’s Happening.
Historic Gold Rush Reprices Global Debt
Kinesis Money: 10-8-2026
In this week's Live from the Vault, Andrew Maguire details how central banks swapping dollars for physical gold at an unrivalled pace are quietly forcing a repricing of global debt — and why this gold rush marks something far bigger than a market rally.
As the Fed remains the last major institution still sitting on gold valued at a fraction of its true market price, Andrew outlines why he sees this gold rush not as a rally, but as the opening chapter of a fundamental restructuring of the monetary order
Parliamentary Finance: The Government Received Debts Of About 210 Trillion Dinars
Money and business Economy News _ Baghdad A member of the Parliamentary Finance Committee, Yousef al-Kalabi, on Thursday, that the Iraqi government has received a difficult financial situation in light of the accumulation of debt and the decline in oil revenues.
Good Afternoon Dinar Recaps,
INDIA RESET WATCH: $30 BILLION IN FOREIGN OUTFLOWS PUTS NEW PRESSURE ON THE RUPEE
India's rate hike has failed to stop the flow of foreign capital, while rising oil prices and inflation are adding to pressure on the rupee and financial markets.
Ariel: Four Signals Flying Under the Radar
10-8-2026
The Waiting Room: Signals Flying Under the Radar
Four Signals Flying Under the Radar — Plus the Ground Truth on the Dinar Chatter
THE FOUR UNDER-RADAR ITEMS FIRST
TNT:
Tishwash: Al-Masoudi: Al-Zaidi gave the green light to American companies to take control of energy projects.
Former Member of Parliament Riyadh al-Masoudi asserted on Thursday that Prime Minister Ali Faleh al-Zaidi has given American companies the green light to completely control energy projects in Iraq, without any restrictions or conditions.
Al- Masoudi told the Information Agency, "Prime Minister Ali Faleh al-Zaidi is merely a listener and executor of Trump and his administration's directives. He is the weakest link in implementing Washington's policies, even though they are not in the interest of the Iraqi people. Moreover, al-Zaidi has given American companies the green light to completely control energy projects and other vital projects without any restrictions or conditions."
Emailed to Recaps~ Thank you David
Reset Intelligence: The Day the IQD Shut Baghdad's Markets
By Reset Intelligence | @EXIT_FIAT
The first trading day of Iraq's new dinar rate ended with two of Baghdad's main wholesale markets locked.
The dollar on the street went up, not down. Baghdad closed Wednesday at 167,000 IQD for $100, against just above 163,000 before the decision.
“Still on Course” – RV/GCR Live Chat from Wolverine 7-8-26
We got some good news coming through. we are still on course to get this done and nothing has changed. The private contractor are waiting for notifications to get paid all contracts signed and waiting for banks to release the funds. We are talking about over quintillions of dollars, this amount of funds are not accomplished during regular banking hours, and people are waiting.
Tier4B I am not into that and Tony has given the intel for this.
I do have some good news regarding Dinar.