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.
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.
RV Excerpts from the Restored Republic via a GCR Update as of Sun. 30 Aug. 2026
Compiled Sun. 30 Aug. 2026 12:01 am EST by Judy Byington
Judy Note: As a World we have been connected by a Global Financial System – that since at least 1871 has been ruled by Deep state Elites who have kept us in debt to do their bidding.
The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting
Last updated: August 30, 2026 Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.
Good Morning Dinar Recaps,
The G20 Financial Test: U.S. Debt, Iran and Trade Reshape the Global Economic Order
As the world's major economies gather for a G20 finance meeting, the financial system is being tested on several fronts at once: rising U.S. debt and bond yields, the economic consequences of the Iran war, trade tensions and Washington's attempt to use the dollar-centered financial system as leverage.
Iraq Is Running Short On Dinar…Why NOW ?
The Dinar Den: 8-28-2026
In a recent detailed analysis, Stephen, the host of The Dinar Den and an entrepreneur who has tracked the Iraqi dinar market since 2011, provided an in-depth breakdown of the ongoing monetary shifts within the country.
Rather than relying on online rumors or speculative hype, Stephen approaches the situation with the grounded pragmatism of a seasoned investor, prioritizing verified data, on-the-ground reports, and economic fundamentals to explain what is happening behind the scenes in Baghdad.
Texas Digital Gold: Sound Money or a New Gatekeeper?
Lynette Zang: 8-29-2026
Texas is taking a major step toward sound money by recognizing qualifying gold and silver specie as legal tender—and preparing for an electronic currency backed by bullion held in the Texas Bullion Depository.
Lynette Zang breaks down why the real questions are about redemption, ownership, auditing, competition, and whether this new digital rail ultimately strengthens individual sovereignty or creates another gatekeeper.
Good Afternoon Dinar Recaps,
BRICS Moves Beyond De-Dollarization: The Push for Digital Currency and Cross-Border Settlement
India is preparing to put cross-border digital payments, central-bank digital currencies and local-currency trade at the center of the upcoming BRICS summit — signaling that the next stage of financial diversification may be about building new payment infrastructure rather than simply abandoning the dollar.
Basrah Crude Loses Over 6% On Week
2026-08-29 Shafaq News- Basra Basrah Heavy and Basrah Medium crude each lost $5.37 a barrel over the week, falling 6.72% and 6.46%, respectively. Both grades nevertheless rose in the final trading session.
Basrah Heavy gained $1.67 a barrel, or 2.29%, in the final session to settle at $74.52. Basrah Medium also rose $1.67 a barrel, or 2.19%, to close at $77.82.
Ariel: How I Think the Sequence will Go
8-29-2026
Here Is How I Think This Sequence Will Go
• Saturday, August 30: G20 Finance Ministers’ session opens. Scott Bessent is the point man. Bessent has been the quiet operator on the Iraq file since the Clarity Act framework first landed on Treasury’s desk. The G20 finance track is where the back-channel agreements on currency pegs get locked not in press conferences, not in Congressional hearings. In rooms with no recording devices. Bessent’s presence at the G20 opener signals that the USD-IQD peg is on the table for final calibration. The rate isn’t negotiated in public. It’s confirmed in handshake. We have to pay attention to this.
Reset Intelligence: Be Prepared
8—28-2026
Be Prepared By Reset Intelligence | @EXIT_FIAT
On Monday Iraq ordered 7.5 billion new banknotes. By Friday the news from the ground was that you cannot buy the old ones.
Two separate reports, with no line to each other, describe the same street: dinar nowhere to be found, cash machines offline or capping withdrawals, payments pushed onto cards, and Kurdistan’s public workers given days to get a bank card because salaries are going electronic. The pay trucks have stopped showing up.
Iraq's Appointments Are On Shaky Ground... The 2027 Budget Will Determine The Fate Of Thousands Of Job Positions.
August 29, 2026Last updated: August 29, 2026 The Independent/- The Federal Public Service Council has brought the issue of government appointments back to the forefront of attention, after confirming that determining the number of job grades, creating them, and the necessary financial allocations for them are directly linked to what will be decided in Iraq’s 2027 budget and the relevant government agencies.
Good Morning Dinar Recaps,
When the Fed Turns Hawkish Again: Higher Rates, U.S. Debt and a New Dollar Test
Federal Reserve Chair Kevin Warsh's Jackson Hole message has reopened the possibility of higher U.S. interest rates — creating a new test for the dollar, Treasury market and the sustainability of America's debt burden.
Rob Cunningham: What if we’ve been Right about XRP but Measuring the Wrong Clock?
8-28-2026
XRP ARMY: WHAT IF WE’VE BEEN RIGHT… BUT MEASURING THE WRONG CLOCK?
We all know the headline: XRP settles in ~3–5 seconds.
But settlement speed ≠ economic reuse speed.
That distinction may completely change the XRP calculus.
Dollar's Final Break? “RUSH TO THE EXITS” Could Trigger Global Financial CHAOS | Robert Kientz
Liberty and Finance: 8-27-2026
The U.S. dollar and Treasury markets could be approaching a critical breaking point as rising debt, persistent inflation, and declining confidence put increasing pressure on the financial system, according to Rob Kientz of the Freedom Report.
Kientz argues that de-dollarization may unfold slowly at first, but could suddenly accelerate when the next recession forces nations to “rush to the exits” and rotate out of dollars and U.S. bonds.
Good Afternoon Dinar Recaps,
The Strait of Hormuz Becomes a Financial Negotiation: Oil, Sanctions and the Global Economy
The six-month Iran conflict has reached a potentially important new phase as diplomacy increasingly centers on reopening the Strait of Hormuz — turning a military chokepoint into a negotiating instrument with consequences for oil, inflation, sanctions and the global financial system.
TNT:
Tishwash: Venezuela is considering leaving OPEC.
Informed sources reported on Friday that Venezuela is seriously considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). They revealed that this issue was the focus of recent discussions between Venezuelan and American officials, though no official decision has yet been reached.
These developments come at a time when Venezuela's oil influence in global energy markets has clearly diminished, following years of economic sanctions and internal turmoil that have reduced its production to less than half of the levels recorded a decade ago.