News, Rumors and Opinions Tuesday AM 12-27-2022

KTFA:

Clare:  After years of delay and disagreement, an agreement was reached by the "majority" to pass the oil and gas law

12/26/2022

Today, Monday, the Kurdistan Democratic Party revealed the existence of a political agreement to pass the oil and gas law with the start of the new legislative term of the House of Representatives.

The leader of the party, Wafaa Muhammad Karim, told (Baghdad Today) that "there is a political agreement between all political blocs and parties to pass the oil and gas law because of its importance, with the start of the new legislative term of the House of Representatives."

And Karim said, "This law, which will regulate the relationship between Baghdad and Erbil with all the oil and financial files, will be passed by the parliamentary majority. The agreement to pass the law took place between the blocs and parties of the State Administration Coalition."

The Oil and Gas Law, which has been awaiting legislation in parliament since 2005, stipulates that the responsibility for managing the country's oil fields should be entrusted to a national oil company, and it should be supervised by a federal council specialized in this matter.

But since 2003, Baghdad and Erbil have been at odds over the issue of managing the region's oil fields.

Baghdad says that the region does not declare real oil export amounts and does not hand over those amounts to it, while Kurdistan says that exports from the oil fields in its territory must be subject to its management, whether in terms of granting licenses for new exploration , managing existing fields, or controlling production and export. For the destinations he chooses, or contracting for the purchase and development.     LINK

***************

Courtesy of Dinar Guru

Walkingstick  [via Frank26]  The HCL is Iraq's National Oil Company and the National oil Company is about who gets control of Iraq's oil...the other monster is Article 140...Article 140 gives the census and the percentages of what you're going to be getting in that region...

Frank26   IMO the basket the Iraqi dinar will be inside of, once it starts to float internationally at a rate at least 1 to 1 with the American dollar it would join a basket then pair with currencies inside that basket...we thought there was going to be about 10...IMO things have changed.  Do you know how much potential Iraq has?  Of course you do that's why you invested into it...it's justifiable to consider there could be 29 currencies in that basket...that would have to be the largest basket of this planet earth...

*************

RV Excerpts From the Restored Republic via a GCR: Update as of Mon. 26 Dec. 2022

Compiled Mon. 26 Dec. 2022 12:01am EST by Judy Byington

Judy Note: Funds have been released for the Global Currency Reset, and they can’t go backward. Tier4B (us, the Internet Group) were in line to be notified for appointments in the near future. January 1 2023 would begin the Jubilee Year.

NESARA/GESARA was believed to have started as some organizations have been paid and some have received a significant raise in their social security checks.

Global Currency Reset: It was believed that last week:

Dubai 1 and 2 paid out to Sovereign Buyers; Yellow, Gold and Red Dragon Bonds and German Bonds were released, along with the codes and funds release.

Some higher ups have been paid.

NESARA/GESARA was set to start Sun-Mon 25, 26 Dec. 

Iraqi citizens have been celebrating their revaluation according to domestic News Announcements.

According to Bruce Tier4B was set to receive notification this week.

It was the goal to have all currencies of the world exchanging at a 1:1 with each other by March 2023 – a situation expected to last up to five years.

Goldilocks: Iraq is in the process of implementing their electronic banking mechanisms. They have begun the process of KYC. KYC stands for Know Your Customer. This is a form that is filled out electronically to connect people to Banks. It also identifies risk factors on a person to determine if they have been a part of any fraudulent activity. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes. Iraq is clearly connecting themselves to the International Stage in a way we have never seen before. The KYC process enables currency and other transactions in the banking system to become available at the push of a button. Early January, the OCC will open up their office to digital transactions with the new staff of people to help oversee this new digital asset backed global transformation.

Read full post here:  https://dinarchronicles.com/2022/12/26/restored-republic-via-a-gcr-update-as-of-december-26-2022/

Russia to Start Buying More Yuan in 2023

Heresy Financial:  12-26-2022

During 2020, we saw decisions that put into motion a set of actions that looks like we will continue into 2023.

As we are now seeing Russia is likely to buy Yuan on the foreign exchange market in 2023, but it does not just stop with Russia and China as we are seeing China and Saudi Arabia now in talks to deepen their relationship.

 Now, some of this is nothing new. Take, for instance, the fact that the yuan currently accounts for 17% of Russia's foreign exchange and gold reserves.

But some of this is showing signs of new trends, beginning both financially speaking and geopolitical alliances.

Timecodes

00:00 Russia Plans to Acquire More Yuan Next Year

01:51 China Relations with Other Countries

https://www.youtube.com/watch?v=PudmVV_7xL0

Russian-European relations repaired! France and Germany receive Russian gas!

Deepin Moments:  12-27-2022

Recently, Russian Deputy Prime Minister Alexander Novak said that the EU market is still open for Russian LNG. In the first 11 months of this year, Russian LNG supplies to Europe increased.

Novak said that the Yamal-Europe gas pipeline, which mainly connects Russia with Germany and Poland, is still not operational. However, Russia is ready to resume gas supplies to Europe through the pipeline, which was suspended for political reasons.

https://www.youtube.com/watch?v=22Wb94XzjVs

Tidbits From TNT" Tuesday Morning 12-27-2022

TNT:

Harambe:  Improved forex market (Vietnamese Dong) helps central bank buy greenback  

(12/27/22)

The foreign exchange market has been improved and the Vietnamese đồngcurrently devalued by about 3.81 per cent against the US dollar compared to the beginning of this year, deputy governor of the State Bank of Vietnam (SBV) Đào Minh Tú said on Tuesday.

At a press conference to implement works of the banking industry in 2023 held on Tuesday, Tú said the devaluation rate of the đồng was lower than that of many countries in the world.

According to Tú, maintaining the exchange rate stability was one of the most difficult tasks for the SBV in 2022. However, the local forex market is basically going smoothly and credit institutions can meet the legal foreign currency needs of customers.

Notably, he said, after it was forced to sell a large amount of greenback earlier in the year to support the đồng, the SBV now can buy the US dollar to increase the nation’s foreign exchange reserves thanks to the improvement in the forex market.…

https://vietnamnews.vn/economy/1442398/improved-forex-market-helps-central-bank-buy-greenback.html

**************

Tishwash:  The Central Bank issues recommendations to merchants and banks regarding exchange rates

Today, Tuesday, the Central Bank of Iraq issued recommendations to merchants and banks about exchange rates .

The bank's media office stated, in a statement received by the Iraqi News Agency (INA), that "the board of directors of the Central Bank of Iraq held a meeting and discussed the repercussions and indicators of the rise in exchange rates in the local markets and the temporary pressures that the foreign currency exchange rate has been exposed to for days, resulting from internal and external factors." 

He added that "given the adoption of mechanisms to protect the banking sector, customers and the financial system, as all foreign trade requirements (for the purposes of documentary credits or transfers) are fully covered by the official price (1465) dinars to the dollar for documentary credits and (1470) dinars to the dollar for transfers."

The Central Bank called on “merchants to review banks directly and not resort to brokers and speculators to avoid charging their imports with undue commissions and expenses, referring in this regard to what was issued by the Council of Ministers in its decision No. (351) for the year 2022 regarding non-payment of customs duties and amounts of tax secretariats in advance. This will reduce redundant loops, ease procedures, and remove costs resulting from pre-demarcation problems.”

The Central Bank stressed, "Banks must shoulder their responsibilities in facilitating and expediting procedures for their customers to ensure their access to financing with the best banking practices and with the least amount of loops, taking into account the established legal requirements."  link

*************

Tishwash:  America is waging an economic war through the dollar

Today, Tuesday, a member of the Syrian People's Assembly, Mahmoud Jokhadar, accused the United States of practicing an economic war to stifle the Syrian people through the price of the dollar, indicating that America persists in imposing its siege on the country.

Jokhadar said, in a statement followed by (Iraqi Media News Agency / INA), that "in order for America to ensure the continuation of the bloodshed of the steadfast Syrian people and to continue plundering Syria's wealth of oil and wheat, it persists in imposing its siege on the people." 

He added, “The American blockade is on the Syrian people, who are living in their worst conditions these days, from a winter without fuel and an exorbitant price hike, and its attempts to destroy the exchange rate and raise the price of its dollar, and this is all not only under the eyes of Syria’s Arab brothers, but also with its support and support from some of them in implementing this unjust siege.” ".

Jokhadar pointed out that "Syria considers America a permanent enemy, but what can we say about our Arab brothers who participate in strangling us, starving us, and continuing our bleeding to strangle the Syrian people financially and economically?"

The leader of the Al-Fateh Alliance, Ali Al-Fatlawi, called earlier on the government of Prime Minister Muhammad Shia'a Al-Sudani to reveal to the Iraqi people the new conspiracy that the United States of America is weaving by reducing financial transfers to Iraq, which led to raising the exchange rate of the dollar against the Iraqi dinar.  link

****************

Tishwash:  Al-Sudani issues a package of "necessary" directives to end the dollar crisis – Urgent

The Prime Minister, Mr. Muhammad Shia'a Al-Sudani, met today, Tuesday morning, with the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhaif.

His Excellency listened to a detailed presentation by the Governor of the Bank regarding the rise in the exchange rate of foreign currency, and the most important measures taken by the Bank in this field.

The Prime Minister urged the Central Bank to achieve general stability of prices and the exchange rate, in accordance with the tasks stipulated in Articles (3 and 4) of the Central Bank of Iraq Law, which stipulate that the Central Bank aims to achieve stability in the local exchange rate, organize and monitor the work of banks and enhance the safety of The efficiency of payment systems and the development of the payments system.

The Prime Minister stressed the need for the bank to take the necessary measures to prevent illegal speculation and everything that harms the local market and leads to higher prices.

 He also urged His Excellency to activate the steps of selling foreign currency at official prices to citizens through purchasing with electronic cards, opening sales outlets for travelers, or clients outside Iraq, or financing foreign trade, in accordance with the fundamentalist contexts and international standards for opening documentary credits and remittances.

The Governor of the Bank presented to the Prime Minister the positive position of the financial situation, stressing that the crisis regarding foreign currency is an emergency crisis for technical reasons, and coincided with the work of the new electronic platform and the delay in transfers due to the Christmas holidays.

The governor praised Cabinet Resolution No. 352 of 2022 to stop the pre-collection of taxes and customs duties on goods entering government ports, prevent double taxation, and collect them according to the approved contexts at border crossings.

Prime Minister's Media Office
27-December-2022   link

Mot:  ..... Can't Hold Back Any Looooonger! ~~~~

Mot: ...... Ya KNow that part - Nooo body Talks about! ~~~~

"High Dollar Exchange Rate Crises in Iraq" News Posted by TNT Members 12-26-2022

TNT:

VictorD:   Good Read. Explains a lot.

Iraqi dinar trembles as US fights currency flow to Iran

Recent measures taken by US authorities to tighten the channelling of dollars to Iran from Iraq have decreased the value of the Iraqi dinar on the black market, government officials and traders said on Monday.

The Iran-backed Iraqi government has been struggling to control the exchange rate to contain mounting public anger over soaring goods prices.

The dollar exchange rate in the black market has been hovering around 1,550 Iraqi dinars from around 1,470 dinars, Dhirgham Hameed, owner of a Baghdad-based exchange company, told The National.

“The dinar has been trembling against the dollar since early this month, wreaking havoc in the market,” Mr Hameed, 44, said.

In 2004, the Central Bank of Iraq introduced the foreign currency auction as one of its policy tools to achieve monetary stability.

Through that auction, the government has succeeded in controlling the exchange rate on the black market.

For years, the official rate for banks and exchange companies was 1,182 dinars, while the rate on the street was around 1,200 dinars.

However, the process has been mired with accusations of corruption, money laundering and the channelling of dollars to Iraq’s neighbours, Iran and Syria, using forged bills. Both countries are under punishing US sanctions.

Since then, the US has blacklisted a number of Iraqi banks that deal mainly with Iran. The US sanctioned Iraq's Al Bilad Islamic Bank for dealing with Iran's Islamic Revolutionary Guard Corps in May 2018.

Amid a liquidity crisis due to plummeting oil prices on the international market, Iraq’s Central Bank devalued the dinar in December 2020 to 1,460 dinars per dollar for banks and 1,470 dinars for individuals.

The interim government argued the move would also curb the flight of the “cheap dollar” outside the country.

But that didn’t stop the outflow of much-needed hard currency.

The US Ambassador to Iraq has complained to Iraqi officials on many occasions that the dollar was still being sent to Iran, a Central Bank official and a lawmaker said.

But Mohammed Shia Al Sudani's government, which took office in late October and is close to Iran, has not taken any action, they said.

“When there was no action from the government, the Federal Reserve bank started to apply scrutiny measures on foreign transactions and that has delayed the process of releasing the money from the US to cover the imports and other needs,” the Central Bank official said.

Both spoke on condition of anonymity as there is no government statement on the latest US measures.

How the process goes

Each dollar Iraq gains from selling crude oil goes to an account at the Federal Reserve Bank of New York, and Iraq makes withdrawals to pay government salaries and imports.

Oil revenue makes up nearly 95 per cent of the federal budget and the war-torn country depends heavily on imports to meet the demand for food and materials for key sectors of the economy.

The Federal Reserve Bank of New York supplies Iraq with hard currency on request from the Iraqi government, either in cash or foreign transactions.

While some of these funds are used to cover government imports and other requirements, much of it is passed on to commercial banks, ostensibly for private sector imports in a process that was hijacked long ago by Iraq’s money-laundering cartels.

The rest of the money is added to the international reserve.

Thanks to Iraq’s growing oil revenue, the Central Bank of Iraq has about $96 billion in foreign exchange reserves, Mr Al Sudani announced early this month.

As of last month, the CBI sold an average of $240 million to $250 million a day, said another owner of an exchange company, who asked to remain anonymous.

Only 10 per cent to 20 per cent of the money was cashed out to be distributed to banks and exchange companies and then to individuals, while the rest was sent to accounts in Dubai, Turkey, Amman and China to cover private sector imports, he said.

“Iraq has no problem with the money at all, it has good reserves,” the exchange company owner said. “It sounds as if the issue is politically motivated because the Americans are upset.”

Over the past 19 years, the Federal Reserve has never delayed a request or transaction from Iraq, he said. “They used to approve any bill immediately,” he added.

“But since early this month, the Americans have started applying scrutiny measures on foreign transactions and the new process has delayed each transaction for up to two weeks,” the exchange company owner said.

He added that most of the requests were being rejected due to suspicions that some banks are linked to Iran.

Since then, daily transactions have dropped from around $200 million to between $20 and $30 million a day.

“The reserves have been dried up in the accounts abroad and that has pushed up the demand for the dollar in the local market to cover imports,” he said.

To control the rate at the black market, the government has asked the CBI to take urgent steps to compensate for a dollar shortage in the local market.

It reduced the exchange rate for individuals from 1,470 dinars to 1,465 dinars to cover travel for the Hajj pilgrimage, medical treatment and study.

It also asked the CBI to help private banks strengthen their non-US dollar foreign currency reserves such as the Chinese yuan, the euro, the Emirati dirham and the Jordanian dinar.

But these measures failed to strengthen the currency.

“We are not optimistic and we believe that the worst is yet to come unless the government applies urgent, immediate and effective measures,” Mr Hameed said.

The current official dinar to dollar exchange rate is 158,000.

https://www.thenationalnews.com/mena/iraq/2022/12/26/iraqi-dinar-trembles-as-us-fights-currency-flow-to-iran/

******************

VictorD:  Interesting that this is still happening. IMO this is the money our past President refered to when he stated we have "x" billions of Iraqs money we can take/freeze. He wasn't talking about currency.

"Each dollar Iraq gains from selling crude oil goes to an account at the Federal Reserve Bank of New York, and Iraq makes withdrawals to pay government salaries and imports."

**********************

Tishwash:  Very shocking news.. The dollar is heading to 2,000 dinars amid a government deficit

Financial experts expected the exchange rate to reach 200,000 per hundred dollars in the event that the current crisis is prolonged.

The economic and financial expert, Mahmoud Dagher, commented, during his speech in a press interview, regarding fears that the exchange rate would reach 200,000 dinars per 100 dollars. He said that “the longer the crisis lasts, the dollar is expected to reach 200,000 dinars.

” "The longer the process of disagreement and unwillingness to concede, the price will rise, and the United States must give up using the shock method, and in return, Iraq must develop its tools to improve the performance of the window."

The economist, Salam Sumaisem, agreed with what Dagher put forward, stressing in the same dialogue that "if the crisis is prolonged, the exchange rate reaching 200,000 dinars is an inevitable result, because the longer the exchange rate goes on, the higher the exchange rate, as a result of the high uncertainty."

link

****************

CandyKisses:  Mohammed Allawi on the crazy rise in the exchange rate: speculators and interest in millions of dollars a day

Baghdad – Nas  

Iraqi politician Mohammed Tawfiq Allawi spoke on Monday about the recent rise in dollar prices and the reasons behind it.   

Allawi asked in a post followed by "Nas", (December 26, 2022), saying: "Who is the beneficiary of the rise in the price of the dollar???? Is it possible to return the price of the dollar to its real price in less than 24 hours???".  

He added, "The price of the dollar has risen these days to more than 158 thousand dinars per 100 dollars, and this price is unusual and unexpected, as its real price is 146 thousand dinars per 100 dollars, and the reason for this rise is the lack of supply and increased demand, due to the exclusion of four banks by the Central Bank from the window of selling currency due to corruption, and here we wonder whether the Central Bank can return the exchange rate to the real rate, i.e. 146 thousand dinars; the answer: Yes, it can, within a period not exceeding 24 hours, by increasing the supply through private banks and money changers, as well as government banks, especially Rafidain and Rasheed Bank, so that the supply covers the demand."  

He continued, "But if the central bank does not move to cover demand, it is normal for the dollar to rise and continue to rise to unprecedented levels, and I cannot accuse specific people, but I say that speculators achieve daily benefits exceeding fifteen million dollars a day if we assume that the central bank sells on average about 200 million dollars a day!!!.. Yes, this difference achieves these large profits at the expense of the interest of !!!!! citizens."  

He also asked, "Are there hidden hands deliberately prolonging the crisis, which can be solved in less than 24 hours???? Who is responsible for the suffering of citizens????? Questions that need answers!!! Some accuse outside parties, and I cannot deny this, but I rule it out greatly!!! The future will reveal the hidden!!! , and the future will reveal who is responsible for this suffering!!! The future will expose the corrupt!!"  

Tishwash:  A parliamentarian warns of an economic catastrophe

A member of the Parliamentary Services and Reconstruction Committee, Burhan Al-Mamouri, warned today, Wednesday, of the possibility of an economic catastrophe if the exchange rate deteriorated, while stressing that the continuous decline overwhelms the greedy and harms the fragile classes.

The media office said in a statement received by the National News Center that "the various countries of the world depend on monetary policies and developed economic systems," noting that they "control the stability of their currencies' prices against foreign currencies."

He added, "The foreign currency sale auction adopted by the Central Bank of Iraq needs to be reviewed," pointing out that it "raised a lot of confusion and suspicions over the past two decades."

He explained that “the continuous decline in the exchange rate of the Iraqi dinar against the US dollar has greatly harmed the fragile classes of society,” stressing that “on the other hand, it has filled the pockets of the greedy.”

Al-Mamouri called on the central bank administration to “take urgent measures to control the exchange rate in the local markets,” noting “the need to preserve the value of the dinar against the dollar.”

And he warned of the possibility of a monetary catastrophe that might collapse the local economy, which is suffering a lot, stressing “the importance of developing immediate solutions to prevent the continued deterioration of the local currency exchange rate.”    link

***************

Tishwash: In the document, the Central Bank takes action to address the rise in the exchange rate

The Central Bank of Iraq decided to stop the work of collecting taxes in advance to deal with the high exchange rate.

Date: 12/26/2022

 To / all authorized banks

 M / collection of customs duties and taxes

 good greeting...

 Based on Cabinet Resolution No. (351) for the year 2022, which includes non-compliance with the collection of customs duties and amounts

 Advance taxes provided for in Article (16/fourth) of the Federal General Budget Law for the fiscal year 2021/2021, until the end of

 It will come into force at the end of the fiscal year 2021, with confirmation that the General Authority for Customs and the General Authority for Taxes have met those fees and amounts

 Taxes on goods entering Iraq at the border crossings.

 To kindly inform and inform your bank customers and to act accordingly and prevent double taxation...with appreciation

 Dr..  Ammar Hamad Khalaf

 Vice Governor Agency  link

**************

Tishwish:  What is the relationship of Washington and China to the high exchange rate of the dollar in Iraq?

On Monday, the leader in the coordination framework, Turki Al-Atbi, explained the fact that there is a relationship between Washington and China with the rise in the exchange rate of the dollar, which reached 159 thousand during the past hours in Iraq.

Al-Utbi said in an interview with (Baghdad Today), "The Iraqi-Chinese rapprochement has disturbed Washington a lot in recent months, especially with the growing entry of companies into the energy, oil and education sectors and the emergence of important partnerships, not to mention the Sudanese presence in a strategic conference in Riyadh on development with Beijing in the presence of many of the Arab leaders.

He added, "Washington has many pressure factors in the Iraqi scene, including manipulating the pumping of the dollar into the markets, and this is what led to raising the exchange rate in order to create popular anger and organize demonstrations to put pressure on the Sudanese government later in order to negotiate the relationship with China and the rest of the other files."

Al-Atbi pointed out that "America will not hesitate to do anything in order to prevent any development in Iraq through the gate of China or any other country," stressing that "Baghdad's balances in Washington are in constant danger, and we must reconsider keeping the balance of funds in America because it will always be used." in economic pressure.

Earlier in the day, the price of the dollar, even before the closure, reached 158 thousand and 250 dinars, for every 100 dollars, and it was heading towards 159 thousand dinars, in an unprecedented excess of dollar prices since its change in late 2020.  link

More News, Rumors and Opinions Monday 12-26-2022

KTFA:  Vietnam:

Henig:  Green finance puts down roots in Vietnam

06:00 | 26/12/2022

(VEN) - The development of green finance is an important foundation for sustainable business growth.

Significant progress

The National Progress Report by the Sustainable Banking and Finance Network (SBFN) has ranked Vietnam among a group of advancing countries in terms of implementing sustainable banking and financing practices. According to Deputy Director of the Department of Credit for Economic Sectors under the State Bank of Vietnam (SBV) Pham Thi Thanh Tung, as of October 31, 2022, outstanding loans for green projects reached more than VND477.5 trillion (accounting for 4.4 percent of total outstanding loans), up 7.78 percent compared to 2021.

These loans are focused mainly in the renewable and clean energy sector (47 percent), and green agriculture (32 percent).

In addition to capital from banks, the green financial market is reflected by the issuance of green bonds. The total value of Vietnam’s green bonds reached US$1.5 billion in 2021, making Vietnam the second largest source of green debt issuance in ASEAN (the Association of Southeast Asian Nations), after Singapore. The most recent notable green bond deal was the July 2022 issuance of VND1.725 trillion in 10-year green bonds by EVNFinance at an annual interest rate of 6.7 percent.

The increasing source of green credit has contributed to a number of recent programs. These include low carbon transformation in energy efficiency, a project implemented by BIDV and ANZ with funding from the Danish government; loans for renewable energy development projects at Vietcombank, BIDV, VietinBank, SHB, HDBank from the World Bank’s capital, and more.

Environmental loan risk management

Ketut Kusut, a senior World Bank finance expert said the additional investment in climate change adaptation and mitigation solutions until 2040 is estimated at about 6.8 percent of annual gross domestic product (GDP), or about US$368 billion, which cannot not be met by the domestic capital market alone. Therefore, Vietnam will need a synchronous combination of public and private resources and preferential capital to facilitate the new development roadmap. Vietnam has not yet enacted general regulations to promote green financial activities, which is also a significant barrier, he said.

The SBV has set a 2025 goal for all banks to develop a set of rules and evaluate environmental and social risk management in credit granting activities, and apply environmental standards to projects they fund. In addition, at least 10 to 12 banks will be required to have specialized departments in charge of environmental risk management and 60 percent of banks will have access to green capital and provide loans for green credit projects.

According to Pham Xuan Hoe, former deputy director of the SBV’s Banking Strategy Institute, in order to facilitate business access to green finance, the government, the SBV and the Ministry of Finance are expected to urge banks to develop green credit and green bond programs for renewable energy; guide the private sector on approaching, mobilizing and using international green finance; issue consistent and stable policies to support green, clean and sustainable energy development. Procurement activities for green public spending need to be integrated into policies and implemented in ministries, sectors and localities, Hoe said.

Ngoc Thao    LINK

****************

Henig:  PVCFC develops experts’ system

08:00 | 25/12/2022

(VEN) - The PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) recently held its annual review on accreditation of professionals and on the competency gap for experts at its headquarters in Ho Chi Minh City and Ca Mau Province.

Addressing the opening ceremony of the event, General Director of PVCFC Van Tien Thanh mapped out five strategic company directions to 2025: developing products and services; digital transformation; marketing; diversifying raw material sources for urea fertilizer production; and human resource development. Human resource development will focus on seeking human resources of high professional qualifications and long-term experience.

In 2022, the company set a goal of finding and developing eight experts for eight areas of expertise. So far, it has found and is evaluating experts in three areas: Automation control systems, and the operation of urea technology equipment and electrical equipment.

In order to find experts in the remaining fields, PVCFC has conducted an assessment of the “competency gap” to identify the points that need to be improved by its new personnel. Accordingly, it will come up with a detailed and appropriate training program, ensuring a human resource large enough for the target of 30 experts by 2025.

At the review program this year, PVCFC cooperated with the Hanoi University of Science and Technology, Ho Chi Minh University of Technology (Vietnam National University - Ho Chi Minh City), and Can Tho University, as well as leading experts from the oil and gas industry, such as the Binh Son Refining and Petrochemical JSC, PetroVietnam Fertilizer and Chemicals Corporation - PVFCCo, PetroVietnam Gas Joint Stock Corporation, and PV Power Ca Mau.

Some 50 experts from these universities and companies will interview expert candidates and review their competencies. To determine the candidates' suitability or project management, the planned expert candidates will undergo a 60-minute multiple-choice test and a two-hour face-to-face interview.

In addition to mechanisms to attract new talents, PVCFC has maintained training to develop existing human resources, facilitating staff participation in these events in order to upgrade its personnel, which it views as a key factor for the company’s success.

PVCFC has always attached importance to the review and accreditation of its professionals in order to create strong human resources as a foundation for sustainable and more prosperous development of the company.

Ngoc Dung   LINK

*******************

Courtesy of Dinar Guru

Intel Guru Frank26  Article: "The Ministry of Finance begins checking the amounts within the current expenditures to include them in the budget"   FINALIZING THE BUDGET WITH A NEW EXCHANGE RATE.

Henig  Article:  "Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget"  Quote:  "The budget law and its draft are still with the government, and it has not reached Parliament yet, and its provisions have not been finally clarified, which requires expediting its submission to Parliament and presenting it with several readings to reach a final formula for approval."

****************

TNT:

Yada:  Funny to read all the articles from parliament members and Iraqi economists on their fear of the rising dollar prices. They fail to pay attention to the CBI and not see the endgame. CBI will flip the script and SOON will be clamoring for the dinar. The steam from the kettle is whistling and ready to brew the RI.

RVAlready:  Hi Yada. Quiet before rate change.

BigJohn:  the ri is coming they are in the process of getting the dinar off the streets !!!!

PaulW:  Yada, you are right on the money... The dollars are sucking up the IQD.  When the IQD become scarce, they will flip the switch

Top U.S Banks (Blackstone) Bankruns Begin Forcing The 2008 Market Collapse To Return - Peter Schiff

InvestorNote:  12-26-2022

In today's video, Peter Schiff talks about the federal reserve and central banks that caused inflation around the world. According to Peter, inflation is only going to get worse and it's never going back to the 2% that the fed is trying to achieve.

https://www.youtube.com/watch?v=6kaMt95iJ9c

MARKETS A LOOK AHEAD: Stocks, Gold, Silver, Debt, MORE!

By Gregory Mannarino:  12-26-2022

https://www.youtube.com/watch?v=GXL4fhm3xK0

More "Tidbits From TNT" Monday 12-26-2022

TNT:

Tishwash:  After years of delay and disagreement... an agreement by the "majority" to pass the Oil and Gas Law – Urgent

Today, Monday, the Kurdistan Democratic Party revealed the existence of a political agreement to pass the oil and gas law with the start of the new legislative term of the House of Representatives.

The leader of the party, Wafaa Muhammad Karim, told (Baghdad Today) that "there is a political agreement between all political blocs and parties to pass the oil and gas law because of its importance, with the start of the new legislative term of the House of Representatives."

And Karim stated, "This law, which will regulate the relationship between Baghdad and Erbil with all oil and financial files, will be passed by the parliamentary majority. The agreement to pass the law took place between the blocs and parties of the State Administration Coalition."

The Oil and Gas Law, which has been awaiting legislation in parliament since 2005, stipulates that the responsibility for managing the country's oil fields should be entrusted to a national oil company, and it should be supervised by a federal council specialized in this matter.

But since 2003, Baghdad and Erbil have been at odds over the issue of managing the region's oil fields.

Baghdad says that the region does not declare real oil export amounts and does not hand over those amounts to it, while Kurdistan says that exports from the oil fields in its territory must be subject to its management, whether in terms of granting licenses for new exploration, managing existing fields, or controlling production and export. For the destinations he chooses, or contracting for the purchase and development.  link

************

Bigt35:  So today on Google News even took a snapshot article Says Iraq’s CBI making a move to strengthen the dinar against the Dollar . Found that interesting . Meaning being in Google news for everyone to see .

************

Tishwash:  Jamal Cougar: The government promised to lower the price of the dollar, but it lost control over it

Member of the Finance Committee, Jamal Cougar, held the Central Bank, the Ministry of Finance and the Council of Ministers responsible for the significant rise in the exchange rate of the dollar against the Iraqi dinar, while calling on the committee to intensify its meetings to put pressure on the concerned authorities and to know the causes of the rise and address them.

In a statement to the National Iraqi News Agency ( NINA ), Cougar said, "The large rise in the dollar will negatively affect the Iraqi economy, as it will lead to economic stagnation, because the investor and trader are afraid of any fluctuation in the currency that leads to an increase in the prices of goods and services."

He added, "The government promised to control prices while it lost control, and the market is controlling the price of the dollar against the dinar, and this weakens the government's ability and loses the citizen's confidence in it."

Cougar indicated that "the concerned authorities / the Central Bank, the Ministry of Finance and the Council of Ministers / are responsible for this rise and its treatment, and the Finance Committee should intensify its efforts by hosting those concerned and putting pressure on them.   link

**

Tishwash:  Deputy: Iraqi banks involved in smuggling large sums of money

The deputy of the State of Law Coalition, Jawad Al-Ghazali, revealed, on Monday, the involvement of Iraqi banks in smuggling large sums of hard currency outside the country. 

Al-Ghazali said, in a statement to Al-Maalouma, that "Iraqi banks are looking for legal loopholes to smuggle money out of the country," expressing his hope that "the prime minister and the relevant ministers will be able to draw up a strategic plan to monitor the work and performance of banks and preserve the hard currency." 

He added, "Banks and private banks are involved in exploiting legal loopholes to plunder Iraq's bounties that come from selling the work auction," pointing out that "the proceeds of the currency sale auction revived the pockets of the corrupt and looters of Iraq's resources through the monopoly of the dollar." 

And the deputy of the State of Law coalition, Jassim Al-Moussawi, accused, in a previous interview with Al-Maalouma, private banks of smuggling currency and money laundering in the previous period, calling on the new government to control the doors of smuggling currency out of Iraq.  link

***********

Harambe:  Iran's currency slumps to another all-time low amid unrest | 12/26/22

Iran’s national currency rial continues to lose ground against the US dollar, slumping to the lowest-ever rate recorded in the country's open market on Sunday amid months-long protests.

The stumbling rial traded above 411,000 to the greenback on bonbast foreign exchange website on Sunday as US dollar and other foreign currencies fiercely rallied against it.

It is the first time in the country's history that the rial has breached the 400,000 threshold, sparking concerns in the foreign exchange market and financial circles.

Since mid-September, when young Iranian woman Mahsa Amini's death in police custody triggered countrywide protests, Iran's currency has lost almost 20% value, according to market analysts.

In his remarks last week, Central Bank Governor Ali Salehabadi blamed the turbulence in the forex market on the ongoing protests, while also noting other destabilizing factors, including US sanctions.

He, however, pledged to inject more dollars into the market to restore order, saying the central bank will act both as a "market-maker and hard currency policy-maker".

The move, however, didn't work as the country's parliament on Sunday summoned Salehabadi and Iran's finance minister and government spokesman Ehsan Khandozi.

Khandozi assured lawmakers that the apex bank is mulling measures to restore stability in the forex market, while blaming "enemies" for turning their focus to banks and the forex market after "failing to close markets", referring to recent nationwide strikes.

Parliament Speaker Baqer Ghalibaf, however, was scathing in his criticism of the central bank, saying the situation in the forex market is "not acceptable to people"

Iran has been rocked by widespread protests in recent months in the wake of Amini's death, sparking fresh tensions between Tehran and Western countries and resulting in fresh sanctions against the country.

On Friday, Germany said it was downgrading relations with Iran and suspending trade promotion programs, citing the "very serious situation" in the country.

The depreciation of Iran's currency also comes amid a standoff over talks in Vienna aimed at salvaging the 2015 nuclear deal and reports about Iran supplying drones to Russia for use in the Ukraine war.

It is worth noting that since May 2018, when the former US administration walked out of the nuclear deal, Iran's currency has seen a seven-fold devaluation, which has fueled the country's economic crisis and worst inflation.

https://www.yenisafak.com/world/irans-currency-slumps-to-another-all-time-low-amid-unrest-3657862

Mot:  ~ oooh lordy! - Due to the Cold Weather - New Rules at Walmart! 

Mot: ... and then we Has - Redneck Winter Games!! ~~

News, Rumors and Opinions Monday Morning 12-26-2022

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 26 Dec. 2022

Compiled Mon. 26 Dec. 2022 12:01am EST by Judy Byington

Judy Note: Funds have been released for the Global Currency Reset, and they can’t go backward. Tier4B (us, the Internet Group) were in line to be notified for appointments in the near future. January 1 2023 would begin the Jubilee Year.

NESARA/GESARA was believed to have started as some organizations have been paid and some have received a significant raise in their social security checks.

Global Currency Reset: It was believed that last week:

Dubai 1 and 2 paid out to Sovereign Buyers; Yellow, Gold and Red Dragon Bonds and German Bonds were released, along with the codes and funds release.

Some higher ups have been paid.

NESARA/GESARA was set to start Sun-Mon 25, 26 Dec. 

Iraqi citizens have been celebrating their revaluation according to domestic News Announcements.

According to Bruce Tier4B was set to receive notification this week.

It was the goal to have all currencies of the world exchanging at a 1:1 with each other by March 2023 – a situation expected to last up to five years.

Goldilocks: Iraq is in the process of implementing their electronic banking mechanisms. They have begun the process of KYC. KYC stands for Know Your Customer. This is a form that is filled out electronically to connect people to Banks. It also identifies risk factors on a person to determine if they have been a part of any fraudulent activity. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes. Iraq is clearly connecting themselves to the International Stage in a way we have never seen before. The KYC process enables currency and other transactions in the banking system to become available at the push of a button. Early January, the OCC will open up their office to digital transactions with the new staff of people to help oversee this new digital asset backed global transformation.

Read full post here:  https://dinarchronicles.com/2022/12/26/restored-republic-via-a-gcr-update-as-of-december-26-2022/

************

Courtesy of Dinar Guru

Pimpy  I hear people say this all the time, 'The Iraqi dinar is a fraud.'  No it isn't.  It's not the Iraqi dinar that's a scam.  It's the individuals out there committing fraud using the Iraqi dinar to do so.

Clare   Article:  "The Iranian currency recorded the largest decline in its history"  Quote:  "The Iranian riyal recorded, on Thursday, in the Tehran free market against foreign currencies, a new collapse, the highest since the "Iranian Revolution" in 1979, as the price of the US dollar exceeded the value of 400,000 Iranian riyals."

Here’s How the CBDC Reset Goes Down | Bill Holter

Liberty and Finance:  12-12-2022

As news reports pile in about test drills and preparations for Central Bank Digital Currencies (CBDCs) set to track and control every aspect of our lives, preparedness-minded people are asking what the transition will be like, and what roles paper cash, physical gold & silver, and other assets will play in preserving our financial lives going forward.

Widely followed analyst Bill Holter returns to Liberty and Finance to lay out his vision for the CBDC reset impact on ordinary people, and to answer viewers’ questions about the road immediately ahead.

https://www.youtube.com/watch?v=UedBb_O64YE&t=24s

The BRICS organization has become the biggest opponent of the United States!

DeepinMoments:  12-26-2022

Financial hegemony is the pillar of US hegemony, and the dollar hegemony is the foundation of US financial hegemony.

The dollar is artificially manipulated by the Federal Reserve, through the operation of lowering interest rates first and then raising them, as "wool-gathering" general, again and again to harvest global wealth.

Since this year, the global "de-dollarization" process has accelerated. Many countries have been seeking to get rid of the dollar hegemony, such as reducing their holdings of U.S. debt, promoting the diversification of foreign exchange reserve assets, and seeking to use bilateral and multilateral currency agreements to settle transactions in international trade, etc.

What kind of new world monetary order will emerge from the global "de-dollarization" trend of "multiple points of force"?

https://www.youtube.com/watch?v=wck1RZhxwOY

"Tidbits From TNT" Monday AM 12-26-2022

TNT:

CandyKisses:  The rise of the dollar against the dinar on the Baghdad Stock Exchange

{Economic: Al Furat News} The exchange rates of the US dollar against the Iraqi dinar rose today, Sunday, on the main stock exchange in the capital, Baghdad.

The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 153,450 Iraqi dinars for 100 US dollars this morning.

That the buying and selling prices rose in exchange shops in the local markets in Baghdad, where the selling price reached 153,750 Iraqi dinars per 100 US dollars, while the purchase prices reached 152,750 Iraqi dinars per 100 US dollars.

Tishwash:  How will we live?" The dinar is bleeding in front of the "green currency", and officials are accused

There is no work or money, how can we live!" With these angry words, Mahmoud Hassan expresses his position on the depreciation of the Iraqi dinar against the US dollar.

Hassan, the owner of an antiques shop in the capital, Baghdad, does not see any justification for the dollar's rise, "but the political class is benefiting from what is happening, and is pushing for a greater rise, and the people do not care." at all.”

Hassan says, "His business was greatly affected by the rise in the dollar... This led to a weak demand for people to buy.

The Iraqi dinar is witnessing bleeding against the dollar, although the exchange rate is officially set at 1460 dinars, but the current prices amounted to about 1545 dinars against one dollar.

A parliamentary warning ,

A member of the Finance Committee in the House of Representatives, Sajjad Salem, attributes the reason for the dollar’s ​​rise to “stopping 4 Iraqi banks from entering the currency sale auction as a result of international sanctions, in addition to the electronic platform that was announced.”Central Bank of Iraq

it wasCentral Bank of Iraq In the past weeks, 4 private Iraqi banks have been excluded from the currency sale auction. Following directives and accusations from the US Treasury to these banks of "currency smuggling".

 Salem calls, in his interview withAlsumaria NewsThe government called for "finding the necessary solutions and controlling exchange rates," warning that the dollar's continued rise for a new week "will create negative effects in the country."

And the member of Parliament's finance goes on to say, "There are no positive returns from this rise, because it is unplanned."

Shaleef Al-Souf For her part, a member of the House of Representatives, Alia Nassif, said, on the occasion of the dollar's rise, "You are asleep, Shalef Al-Souf, and the dollar is swaying with your people."

Nassif indicated in a tweet on Twitter, "(Sherif Al-Souf) here is not a person, but rather a system that deserves to be cursed for its corruption, which starts with those who have the idea of ​​​​the exchange rate and ends with those who oppose its return to 120,000 dinars."

* Parliament abandons promises

holding the “early” elections on October 10, 2021, the candidates for the fifth parliamentary session were singing about devaluing the dollar, but they “abandoned their promises.”Bassem Jamil Antoine.

While the deputy saysMoein Al-KazemiThat the House of Representatives is unable to deal with the rise in the price of the dollar; Because this is a matter for the government.

Al-Kadhimi calls, in an interview on an investigative program broadcast by Alsumaria TV, on the government to "monitor merchants and private banks and control the currency market," adding that "the solution cannot be through reducing exchange only, but rather through encouraging the national industry."

* The platform

Returning to the economist's speech, he points out that "there is supply and demand, the supply is low and the demand is wide and large due to the Central Bank's development of an electronic platform on the recommendation of the Federal Reserve Bank; in order to check the numbers of buyers of the dollar; to prevent it from being traded on the black market."

Shows Antoine toAlsumaria News, that "this platform disrupts the process of pumping the dollar, after the central pumped about 200 million daily, it now supplies the market with about 130 million."

On December 15, the Iraqi Central Bank considered the rise, which it described as “simple” in the exchange rate, as being due to some factors, including “building an electronic platform through which banks raise their customers’ requests.”

And the bank continued, in a statement, that it “started months ago to build this platform in coordination with international bodies for the purpose of ruling and organizing window operations for buying and selling foreign currency and ensuring effective control over it, as an international company specialized in building it and linking banks with the central bank through it,” noting that “The platform requires providing information about customers requesting transfers, beneficiaries, correspondent banks, etc.”

The statement indicated that "due to the recent use of this platform, many errors are being discovered, which requires the bank to re-download it. These procedures take additional time to accept the request and pass it through the global financial system."

He explained that "the central bank's reserves and the state's financial solvency in general are in excellent condition and at their best levels in decades, and that the current supply of foreign currency is not linked to resources, but rather to administrative and auditing procedures, which will be bypassed during the coming days. In addition, the central bank has taken a number of measures to expand the offer." foreign exchange to meet the public's demand for cash dollars.

A few days later, specifically on January 19, the Iraqi Central Bank approved a package of decisions "that would restore the foreign currency market to its normal position."

These decisions, as stated by the bank in a statement, consisted of “allowing banks to participate in the window of buying and selling foreign currency by purchasing any amounts in foreign currency and depositing them with this bank in accounts used for external transfer purposes, and interest / returns are paid on those balances according to what this bank decides.” .

It also included "facilitating the financing of private sector trade through Iraqi banks and meeting the demand for foreign transfers by strengthening bank balances with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar, and others)."

The bank added, “Outlets have been opened to sell foreign currency in government banks to the public for the purposes of travel (treatment, Hajj Umrah, study, etc.)

The Central Bank stressed, “Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price ( 1455 dinars to the dollar instead of (1460) dinars to the dollar.

*Another high

And go ex-jsc member Salama Simsim Far from putting it on this topic, as she believes that the exchange rate has reached 160,000 dinars for 100 dollars.

Sumaisem said in an interview with the "After the Investigation" program that she broadcastsSumerian Channelsatellite channel, that "the price of the dollar will not return to its previous state, due to the obligation of Iraq to the decisions of the World Bank for a period of five years, according to the white paper."

And she pointed out that "the procedures for raising the exchange rate have benefits for the government and not for citizens, because in this case it will provide large amounts of local cash as a result of the dollar's rise," indicating that "the solution lies in pumping foodstuffs through the ration card, which can relieve the burden of the citizen from the flames of prices." It maintains market stability. link

***********

Tishwash:  MP Al-Qaisi: The government is able to rein in the dollar at any moment it wants

Representative Mahmoud Hussein Al-Qaisi confirmed, on Sunday, that the government is able to rein in the dollar at any moment it wants.

Al-Qaisi said in a tweet via Twitter, "With the hundreds of billions stacked in the Central Bank's accounts, and with the tons of gold stored in them; in addition to the treasury bonds in the US Federal Bank, controlling the market is subject to a government decision capable of curbing the dollar at any moment the government wants." .

He added, wondering: "But when will you take this step!?"  link

************

Tishwash:  Mustafa Sanad: Iraq is being subjected to international colonialism led by America through the dollar

Representative Mustafa Sanad accused, on Sunday, America of leading international colonialism and blackmail against Iraq by causing a rise in the exchange rate of the dollar, criticizing the silence of the political blocs on this matter. 

Sanad said in a publication seen by / the information /, that "the dollar's rise in 2021 came because of the US-friendly government for the purpose of preventing the transfer of the dollar from Iraq to neighboring countries (Turkey, Iran, Lebanon and Syria) for the purpose of punishing them."

He added, "The rise of the dollar these days is completely different, as it came because of America itself, without a mediator, and the purpose is to prevent the dollar from entering Iraq in the first place, for the purpose of punishing it lightly, and it is waiting for it at the dialogue table in early 2023 for the purpose of understanding about hot files such as the Iranian file." And the energy file, the future of US forces and security agreements.

He explained that "the accumulation of foreign currency reserves in the Central Bank of Iraq and deposited with the US Federal Reserve, which will exceed 100 billion dollars and is constantly increasing, and it is difficult for Iraq to dispose of this large number, only America allowed five shipments per month to enter the country." 

And he considered that "it is cowardice not to criticize the current government and the current parliament for watching the rise of the dollar and its impact on the people, especially since the current prime minister and the current deputies, including (me), have addressed the dollar file earlier and strongly criticized the rise that occurred at the time, and today our tongues are almost silent." .

He continued, "It is cowardice and inferiority not to criticize the negative role of the Americans, to diagnose the colonial role and international extortion, and to prevent the transfer of our money, amid strange silence from the political leadership."  link

Mot: .. Amazing how Smart Dads Get all of a Sudden - Huh!! ~~~

Mot:  .... LOL - Thats Meee in da Winder - going Cross Country!!!

Economist Views on "Ghana, Japan and the US" 12-25-2022

Ghana Defaults on National Debt... is the US Next?

Heresy Financial:  12-24-2022

It's no secret that the country, Ghana, has some major economic issues. Right now, they are defaulting on most of their external debt.

And just within the last couple of weeks, they announced another solution to deal with their economic problems, one of which was using gold to buy oil in order to circumvent getting dollars, which is contributing to some of their inflation.

On Monday, its finance ministry said that it will stop servicing debts, including its Eurobonds, commercial loans and most bilateral loans.

Now, Ghana has gotten itself into some deep trouble with its debt over the past few years, with their current split sitting at about $13 billion in Eurobonds, $8 billion in multilateral bonds, and then an assortment of other debts, including about 1.7 billion owed to China.

Now, this dollar amount by itself may seem huge or may seem insignificant. We really must put this into perspective in terms of how big is this amount of debt, in terms of how much it cost the government compared to how much the government makes from its tax revenue?

Timecodes

00:00 Ghana Defaults on Most of Their External Debt

 02:29 Total Public Debt

04:25 Total Interest Rates

06:18 How This Will All Play Out

https://www.youtube.com/watch?v=qSXsRf816mA

This Time Japan Dropped a Bomb on Us - Ep 863

Peter Schiff:  12-24-2022

· Everyone realizes recession is coming, but nobody realizes how bad it will be.

· Too many people are getting rich off war in Ukraine for there to be a chance of peace.

· Gold and silver mining stocks are at the beginning of a bull market.

· Institutional interest in Bitcoin is gone.

· Bank of Japan has now joined the tightening party.

https://www.youtube.com/watch?v=IJb2mC62AAE

"Tidbits From TNT" Sunday 12-25-2022

TNT:

CandyKisses:  Gold prices rise in Baghdad markets and stabilize in the Kurdistan Region

Shafaq News / Gold prices "foreign and Iraqi" rose in the local markets in the capital, Baghdad, while it stabilized in the markets of Erbil, the capital of the Kurdistan Region, on Sunday, (December 25, 2022).

The correspondent of the agency Shafaq News, that gold prices in the wholesale markets in River Street in the capital Baghdad recorded this morning, the sale price per weight carat 21 of gold Gulf, Turkish and European 385 thousand dinars, and the purchase price 381 thousand dinars, while the selling prices for yesterday, Saturday, 382 thousand dinars per weight.

Our correspondent pointed out that the sale price of one 21-carat weight of Iraqi gold also rose at 355 thousand dinars, and the purchase price reached 351 thousand.

With regard to gold prices in goldsmiths' shops, the sale price of the Gulf gold weight 21 carat ranges between 385 thousand dinars and 395 thousand, while the sale price of the Iraqi gold weight ranged between 355 thousand and 365 thousand dinars.

As for gold prices in Erbil, they have witnessed stability, as the sale price of 24-carat gold weight sold 445 thousand dinars, and recorded 22-carat sale of 410 thousand dinars, and recorded 21-carat sale of 395 thousand dinars, while 18-carat sold 340 thousand dinars.

It is equal to one weight of gold (five grams).

************

CharlieOK:  Hmmm. Just read an article stating that Iraq is selling US dollars for other currencies, primarily dinar. Now, why in the world would Iraq give up US dollars for worthless Iraqi dinar? Is it because Iraq thinks the currency is going to stay worthless for another half decade or so? I think not,

Yada:  Agreed CharlieOK. The process of buying the dollar as well as the other currencies,,,,,will give the dinar momentum because they have to use dinar to purchase the other currencies.

CharlieOK:  Iraq's economy has been running on US dollars and they are now selling dollars for other currencies, but primarily dinar. This has to be good news,

Yada:  Exact CharlieOK. The using of dinar for the purchases creates a demand on the dinar internationally. Pushing toward a float and increasing the value of the dinar.

Red: This is like watching a worm hatch inside a cacoon, with every twitch a guru will call the butterfly, dont be overly concerned folks you will recognise the butterfly when it appears.... just sayin

CharlieOK:  Red: I do not recall any emphasis, ever, from news sources that Iraq was bailing out of the dollar until recently. When things don't make sense, many times that is when they make the most sense,  That being said, it still ultimately makes NO difference because the US/UN is going to ultimately have to pull the trigger. Iraq has tried to do that on their own but, alas, to no avail.

BamaGuy:  Merry Christmas to all, May the reason we celebrate Christmas be remembered by all and his grace touch everyone everyday. My father told me to treat and respect others as I wanted them to do to me. Trusting and Believing works. Remember do not judge anyone until you have walked in their shoes. May you live in God's love and accept his blessing everyday.

CandyKisses:  There is nothing more magical than decorated trees, lights, presents, family and friends, to brighten up your life. May the magic and joy of Christmas fill your heart all year long. I wish all of you a Merry and blessed Christmas.

************

CandyKisses:  The dollar crushes the dinar. Government justifications and promises to wish citizens amid a worsening crisis

Baghdad Today – Baghdad

The US dollar crushed the Iraqi dinar with an unexpected rise as a result of timid financial and monetary measures that do not rise and the economic crisis suffered by the people, to bounce back on the purchasing value of the dinar and the high prices, at the same time the government is still speaking the language of the future with the absence of the present as a result of accumulated errors and failed procedures in the past.

Mazhar Mohammed Saleh, an economic adviser to the Iraqi government, talks about the government's determination through the monetary authority to stabilize the exchange rate in the next few days.

Saleh told Baghdad Today that "there is real and serious work by the monetary authority to stabilize the exchange rate during the next few days, and this work is by granting advantages to external transfer requests that are made through the traditional means adopted in financing foreign trade."

He stressed that "official reserves are at their highest historical levels, which are approaching $ 100 billion, and the current rise, as we said earlier, is my time, and work is continuing to control the rise and make the exchange rate stable as it was before."

The exchange rate of the dollar against the dinar witnessed, on Sunday, a big jump, as the exchange rate of 100 US dollars reached 154.500 Iraqis, with a difference of up to about 5,000 dinars within days.

The Iraqi market is witnessing a record rise in the price levels of food and consumer goods from less than a month ago, which has resulted in a significant decline in purchasing power.

Citizens complained that the new wave of high prices negatively affected their living conditions, and wholesale markets are almost empty of buyers, which traders and economists see as linked to the rise in the dollar exchange rate in parallel (black) markets.

The Federation of Chambers of Commerce in Iraq revealed that traders are facing major problems due to the government's measures and the Central Bank's monetary policy controlling the currency rate in the Iraqi market.

In turn, the Central Bank of Iraq justified, in a statement, the rise in the dollar exchange rate in the local markets during the past days due to some technical factors, including the construction of a modern electronic platform through which banks raise their customers' requests to buy dollars.

The bank explained that it has been building this platform for months in coordination with international bodies for the purpose of tightening and regulating the operations of the sale and purchase of foreign currency and ensuring the effectiveness of control over it, by assigning a specialized international company to build it and linking banks with the Central Bank through it, and the platform requires providing information about customers requesting transfer, beneficiaries and correspondent banks.

The bank revealed that there are many errors discovered through the operation of the platform, which requires the bank to re-download it, and these procedures take additional time to accept the application and pass it through the global financial system.

For its part, the government affirmed its commitment to maintaining the stability of the local market, by supporting the stability of the exchange rate of the dollar against the Iraqi dinar.

According to a statement issued by the Prime Minister's Information Office, the current rise in the dollar exchange rate is temporary, and the necessary treatments will be carried out, especially since Iraq's financial situation is at its best.

The government called on all dealers, including investors and traders, to cooperate with official banks and the Central Bank by working in accordance with global trade contexts, and importing.

According to documentary credits, as they provide a guarantee to the importer, preserve his rights, insure the imported goods, and enable him to benefit from banking facilities to cover the value of the credit.

************

CandyKisses:  Dollar breaks record against dinar on Erbil and Sulaymaniyah stock exchanges

Baghdad – Nas  

On Sunday afternoon, dollar exchange rates on the Erbil and Sulaymaniyah stock exchanges saw a new high.    

According to specialists' monitoring, the exchange rate in Sulaymaniyah reached 154,900 dinars per 100 dollars, while the exchange rate in Erbil reached 155,000 dinars per 100 dollars.  

The exchange rates on the Iraqi Stock Exchange this morning were as follows:  

Baghdad - Bursa Alkifah   154,000      

-—-——————————    

Erbil - Price on the stock exchange   153,500    

——-——————————    

Basra - Price on the stock exchange   153,350    

——————————————    

Sulaymaniyah - Price on the stock exchange   153,550

CandyKisses:  WE ALL KNOW THAT ONE HOUSE ON THE BLOCK

Mot: ... So Great to Have Family Over.. HUh!! ~~~~

News, Rumors and Opinions Sunday Morning 12-25-2022

RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 24 Dec. 2022

Compiled Sat. 24 Dec. 2022 12:01am EST by Judy Byington

The Global Currency Reset: (No change since yesterday’s report)

Thurs. 22 Dec. High Up Source #3: Big celebrations going on in Zurich. Elders and Israelis are in Reno getting paid. (US) Native Americans have been paid their first payment, remainder in USN later. They and the bond holders getting 1% will get the next 9% on Monday (Dec. 26). The Codes were released after 1:00 pm Reno time today (Thurs. 22 Dec).NESARA-GESARA starts Sunday / Monday (25, 26 Dec).

Thurs. 22 Dec. Bruce: Tues 27 Dec. or Wed. 28 Dec. Tier 4B (us, the Internet Group) will be notified and can start our appointments.

High Up Source #1: This week funds in Dubai 1 and 2 will complete payout to Sovereign Buyers and Master Accounts.

Bruce: “On Tues. 20 Dec. Yellow, Gold and Red Dragon Bonds and German Bonds were released to Bond Seller Accounts, with Bond Holders having access to their monies on Wed. 21 Dec.”

High Up Source #1: “Iraqi citizens have been celebrating their revaluation according to domestic News Announcements.”

High Up Source #1: It was the goal to have all currencies of the world exchanging at a 1:1 with each other by March 2023 – a situation expected to last up to five years.

Read full post here:  https://dinarchronicles.com/2022/12/24/restored-republic-via-a-gcr-update-as-of-december-24-2022/

************

Courtesy of Dinar Guru

Frank26   2003 - That was 20 years ago.  Don't you think, would it be fair, wouldn't only be logical, could we assume that the Iraqi dinar has gone up in value?  Especially with the massive attention everyone is giving Iraq right now under the table quietly?  So .26 which is approximately $3.22 is Ok.  Then it wouldn't be too bad to consider .29 is $3.44 ...Remember what Kuwait said to the IMF?  You can help them with their monetary reform but don't you dare let their currency be higher than our exchange rate...what is Kuwait's exchange rate?

Sandy Ingram  This is breaking news.  Article:  "CBI takes action to stabilize Iraqi dinar exchange rate"  The CBI has announced measures to help stabilize the dinar/dollar exchange rate.  One of the measure they are now doing includes allowing banks to participate in buying and selling any amount in foreign currency...

************

IRaqi Dinar Christmas Eve Update

Rapid Updates:  12-24-2022

https://www.youtube.com/watch?v=meoLf_cEu6E

These Assets Just Forced The US Treasury & Fed To Lose Control Over The Bond Market- - Peter Schiff

Investor Note:  12-24-2022

In today's video, Peter Schiff talks about the federal reserve and central banks that caused inflation around the world. According to Peter, inflation is only going to get worse and it's never going back to the 2% that the fed is trying to achieve.

https://www.youtube.com/watch?v=1KsP5S0j0Go

More News, Rumors and Opinions Saturday Afternoon 12-24-2022

TNT:

Tishwash:  Foreign investments... Iraq as a model!

One of the most important manifestations of globalization is the escalation of cross-border and intercontinental investments, twice as high as global trade.

A study by the United Nations (1999) indicated that most countries tend to adopt economic measures aimed at providing appropriate conditions to attract the transfer of direct foreign investments to them (financial - tax incentives)! Companies' investments move to an area or activity, when they expect to achieve a high rate of return to their capital, more than anywhere else!

As a result of the direct employment of foreign investments, positive side economic flows (according to the governance of standard conditions) are reflected in the performance of the activities of local companies through (imitation, acquisition of skills in the organizational - administrative and technical aspects, competition and export ...)! What foreign investments achieve in the host country is still a controversial issue, about the extent to which they actually achieve certain economic savings!

Among the investment determinants, for example, is the lack of foreign investment in the target country (such as Iraq); Security and infrastructure, human capital, distribution networks, etc., which stand in the way of qualitative investment-technological expansion and achieving the required economic savings!
In the case of Iraq, it requires the state and its systems to positively and effectively intervene to reshape the organizational-structural structure of its economic-financial systems in order to attract local and global investments that achieve the added values ​​and capital accumulation necessary for the transition from the stage of a backward economy to the stage of a dynamic-technological economy led by regulatory departments. An efficient scientific professional executive!

It was found that the availability of the following factors helps in achieving economic savings:
1. The size of the absorptive capacity of the country.
2. Availability of infrastructure, especially those related to transportation, communications and service networks.
3. The availability of skilled labor and the improvement of education and training levels.
4. Adopting group work policies to achieve horizontal and vertical integration.
5. Adopting open commercial practices that stimulate competitive investments.

These elements and other factors are considered to be interrelated - overlapping within the framework of implementation mechanisms and results.
International research indicates that the economic and financial failure of a country is often caused by the incompetent performance of the senior executive leadership that sits on the pyramid of decisions and implementation in politics, economics and money! For the success of the executive operations, a strategy based on the synthesis of four elements must be adopted within a coherent and tight framework: Ensuring the quality of tasks and powers granted to decision-makers / availability of accurate information / consistency and effectiveness of economic-investment standards and incentives / building modern organizational structures for institutions and projects...! In order to bring about the desired change in the organizational structures, it is necessary to reduce some administrative levels in favor of tightening the control process and reducing administrative costs (focusing on implementation mechanisms). Implementation of required and desired economic correction and reform processes!

Iraq constitutes a great investment hotspot because it constitutes an ocean of great absorptive capacity that carries enormous investment opportunities at the local, regional and international levels! Iraq needs to adopt major executive policies, decisions and procedures, in order to attract investments from major countries and companies that will help it rise and leave its sad and abject backwardness!!  link

***************

Tishwash:  Sudani stresses the need to adopt a new path of economic reform

 Prime Minister Muhammad Shia' al-Sudani stressed, on Saturday 12/24/2022, the need to adopt a new path for economic reform through the adoption of the Iraq Fund for Development.

The media office of the Prime Minister said in a statement received by Al-Masalla that the Prime Minister, Muhammad Shia'a Al-Sudani, received a delegation such as the heads of boards of directors of private banks and their representatives, and the Association of Private Private Banks in Iraq.

The statement added that Al-Sudani reviewed, at the outset of the meeting, the most important basic economic action axes that the government adopts in its approach. He also clarified the most prominent financial and social challenges and crises facing sustainable development, most notably the problems of poverty and unemployment.

According to the statement, the Prime Minister expressed his conviction in the importance of economic solutions, and relying on them to improve the service and living conditions of citizens.

The statement added that Al-Sudani indicated the need to adopt a new path for economic reform, by approving the Iraq Fund for Development, which will carry an orientation towards the implementation of projects by the private sector, through specialized funds that contribute to development programs.

He pointed out the need for an efficient banking sector that enjoys the confidence of citizens, without which the government cannot support development and the private sector.

For their part, bank managers and representatives presented their vision, problems and proposals, which are in the path of supporting development.

The statement noted that the Prime Minister directed work to facilitate it, and the formation of a joint team of advisors in the Presidency of the Council of Ministers and private banks, in charge of reviewing legislation that impedes the work of banks, proposing investment projects, and developing mechanisms to support private banks and activate their role, as well as receiving studies and proposals. and provide possible solutions.  link

************

Courtesy of Dinar Guru

Frank26  Article: "Iraqi chambers of commerce make proposals to end the "daily massacre" of the dollar in the market"   3 ZERO CURRENCY IS ALREADY AVAILABLE IN THE BANKS OF IRAQ...SO THE MONETARY REFORM EDUCATION TELLS THE IRAQI CITIZENS ABOUT THE NSCN's.   Quote:  "This decision will be implemented at the beginning of next year, and in the coming days, the Iraqi currency will be available in the banks, adding, There are decisions that we hope will be taken so that we can end this daily massacre of the dollar."  THE MONETARY REFORM MECHANISM!

Mnt Goat    ...the reinstatement must happen on FOREX and the redenomination of the dinar prior to us going to the bank and exchanging.  Secondly the holdup is purely political...We can see that Iraq has grown financially beyond expectations and certainly is more than ready to be fully re-integrated back into the financial systems of the global markets. There is a very good article ...entitled  “2022…A DEFINING YEAR IN POLITICAL LIFE IN IRAQ AND OPTIMISM ABOUT “HOPE”. It...just about sums up this past year of turmoil in Iraq that finally ended in stability...the future is...extremely bright for the Iraqi dinar. This past year we have NEVER seen so much talk and debate from Iraq over what to do with the dinar.

ALERT! Why Are Banks Loading Up on SLV Silver? Planned ETF Liquidation Event COMING?!

(Bix Weir)  12-23-2022

In a very strange move by US Banks they are now loading up on shares of the Silver iShares ETF (SLV). They went from almost NO EXPOSURE to many large positions practically OVERNIGHT!

 Are they planning an ETF Liquidation Event where the ETF is closed down and the physical metal is handed over to the share holders? Are they prepping for the Silver Crisis?!

https://www.youtube.com/watch?v=luQqQ7xaNuI

Expect silver to skyrocket 50% to $35 in 2023, but what about gold? Phil Streible

Kitco News:  12-23-2022

hil Streible, Chief Market Strategist at Blue Line Futures, discusses the outlook for gold, silver, and oil with David Lin, Anchor for Kitco News.

https://www.youtube.com/watch?v=6IeEIRkzkj8