More News, Rumors and Opinions Sunday Afternoon 12-3-2023

KTFA:

Clare:  Association of Banks: Agreements with Türkiye will lead to lowering the dollar exchange rate

12/3/2023Baghdad

The Iraqi Private Banks Association confirmed that the agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar.

The head of the Iraqi Private Banks Association, Wadih Al-Handal, said on his Facebook page, followed by Al-Iqtisad News, “We discussed with the Turkish Central Bank and all of Turkey’s banks the reorganization of trade financing between Iraq and Turkey, using the Iraqi dinar, the Turkish lira, and the euro.”

Al-Handal stressed, "The agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar."   LINK

Clare:  Al-Sudani will travel to London soon.. The agenda of the visit is present in the meeting with the British Ambassador

12/3/2023

The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, discussed with the British Ambassador in Baghdad, Stephen Hitchen, on Sunday, the upcoming visit to the United Kingdom.

According to a statement received by Shafaq News Agency, the meeting between the Sudanese and the British ambassador discussed relations between the two countries and ways to develop them in various fields, especially political and economic.

The meeting also touched on the Prime Minister's upcoming visit to the United Kingdom, and the most prominent common files and topics that will be discussed during the visit, in a way that will contribute to its success.

Al-Sudani stressed, according to the statement, the need to intensify the efforts of all countries, specifically European countries. In order to stabilize the region, and work to achieve peace and security for all its people.   LINK

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Clcare:  "The future of Iraq" is on the conference table in Dubai.. These are its details

12/3/2023

Gulf Today newspaper revealed, on Sunday, the details of a major conference that will be held in Dubai on December 7, with the aim of strengthening economic partnerships between Iraq and the Emirates, and pushing towards achieving transformation in the Iraqi economy.

A report published in the English newspaper, and translated by Shafaq News Agency, quoted the “Iraqi-British Business Council” (IBBC) indicating that trade exchange between the UAE and Iraq witnessed significant growth exceeding 60% last year, which confirms the sustainability of economic relations between the two countries. .

The report noted that the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, will deliver a welcome speech on the second day of the conference dedicated to “building a sustainable future,” which will open on December 7 and last for two days.

He explained that the “Iraqi-British Business Council” conference in 2022 sparked positive reactions from 230 delegates, which led to an increase in membership by 15%.

The report continued that the Council seeks at this year's conference to achieve the same number of delegates who will meet to deliberate on topics such as "Education and Training in Iraq" and "Building a Sustainable Future."

The report also quoted the Undersecretary of the UAE Ministry of Foreign Trade and Industry, Abdullah Ahmed Al-Saleh, as saying, “It is a great honor to join our friends from Iraq and the Iraqi-British Business Council, to discuss joint efforts to assist the country in the reconstruction process,” adding, “Iraq He suffered a lot, but he has tremendous potential and capabilities to contribute a lot to the world.”

Al-Saleh continued: “The Business Council brought together companies working in the field of business and trade from all over the world for the benefit of Iraq and the members of the Council,” adding: “While the Iraqi-British Business Council is committed to a free, prosperous and diverse Iraq, it works as a bridge between Iraq and the rest of the world and connects governments and the private sector from In order to ultimately benefit businessmen, industry and the people of Iraq.”

Al-Saleh praised the Business Council and its leadership for organizing this platform for better communication, expressing his full support for its mission of “enabling the transfer of technology, infrastructure and expertise to Iraq to enhance its growth and development.”

The Council considered that “the significant growth in trade between Iraq and the UAE, which exceeded 60% last year, confirms the permanent economic relations between the two countries,” adding that this conference also confirms the position of the UAE as the main commercial center for Iraq, and displays the growing role of the state in Facilitating international cooperation.

The report stated, "The UAE has tremendous potential for investment in Iraq and for companies operating there, without the need for administrative and bureaucratic jobs that can be found in Iraq."

The report also quoted the Director General of the Business Council, Christophe Michels, as saying, “By defending the private sector in Iraq, the UAE is considered an ideal place due to its role as a regional center, linking international companies to Iraq.”

The Gulf Today newspaper report noted that the two-day conference is being held at a critical juncture, and addresses pivotal issues such as economic sustainability, education, financing and climate change, while the Business Council expects a shift in education and sustainability in Iraq, with a focus on increasing skills training and industrial cooperation. .

In addition, the conference will address sustainability through gas exploitation and financing strategies to support investments beyond oil price fluctuations, according to the newspaper report.

According to the report, Member of the British Parliament, Wayne David, who is the Shadow Minister for Middle Eastern Affairs, will speak before the conference about Britain's foreign policy in the Middle East. Energy bodies and companies, including Total Energies, BP, Basra Gas Company and Siemens, will participate in the conference, and there will be discussions on financial reform with industry leaders such as the CEO of Standard Chartered Bank and the President of the Commercial Bank of Iraq.

According to the report, there will be participation by senior representatives of British universities, high-level representatives from the Iraqi Ministry of Higher Education, and the Prime Minister’s Office. Translated by: Shafaq News Agency LINK

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Courtesy of Dinar Guru   https://www.dinarguru.com/

Militia Man  The last two weeks what did they do?  They [countries around the world] opened 'corresponding banks' with Iraq.  To do what ?  To facilitate trade.  Through what?  All these different currencies.  Is it fact or is it fiction?  It's a fact.  I deal in facts.  I deal in truth.  I deal in data.  Article quote:  "With the assistance of the Untied States...there is opening of accounts or correspondent banks which have now reached more than 40 new accounts."

Frank26  Some of you were asking, Frank, You don't want me to take my eyes off of my dinars but some of the banks I called said they're going to send them to another bank and inspect them and then bring them back?  Yeah, well you ask them for the address of that bank and you take your dinars to that bank and let them inspect them in front of you.  Once that's done and they give you credit and you see your account is credited with the right amount well then you're happy they can have all the dinars you took to them.  But never separate yourself from your dinars.  There are evil people in this world.   They'll find a way to steal.

Iraqi Dinar Central Bank of Iraq's Latest Move IQD Exchange Rate

Edu Matrix:  12-3-2023

https://www.youtube.com/watch?v=MHqtnHQo84M

MARKETS A LOOK AHEAD: Prepare Yourselves For THE NEW SYSTEM. "TOKENIZATION."

Greg Mannarino:  12-3-2023

https://www.youtube.com/watch?v=5TIwxnx2BCM

"Tidbits From TNT" Sunday 12-3-2023

TNT:

CandyKisses:  Thousands of protesters roam the streets of Sulaymaniyah in search of their late salaries

Baghdad Today - Sulaymaniyah

Today, Sunday (December 3, 2023), Sulaymaniyah Governorate in the Kurdistan Region witnessed renewed demonstrations by employees and teaching staff demanding the payment of salaries.

The correspondent of "Baghdad Today" said that "Sulaymaniyah employees and teachers demonstrated today, again to demand the payment of their delayed salaries like the rest of the employees of other provinces."

He added that "the demonstrators confirmed the continuation of the demonstration until the legitimate demands are obtained and their salaries are linked to the federal government."

Many regional employees and teaching staff, especially in Sulaymaniyah province, continue to demonstrate the demand for payment of their salaries that have been delayed for many months amid the inability of Baghdad and Erbil to solve the crisis radically, and to be satisfied with "temporary" and "patchwork" solutions, according to observers of political and economic affairs.

CandyKisses:  The Central Bank reveals the talks of the joint Iraqi delegation in Turkey. and announces two agreements

 {Economic: Euphrates News} The Central Bank of Iraq announced on Saturday the conclusion of two agreements during the talks of the joint Iraqi delegation in Turkey.

He said in a statement received {Euphrates News} a copy of it, that: "Completed talks held by a joint Iraqi delegation (government, Central Bank, Association of Iraqi Private Banks, and the banking sector represented by a number of private banks) in Istanbul and returned to Baghdad yesterday morning, has culminated in the talks as follows: -

1- Agreement on banking arrangements between Iraqi banks and their Turkish counterparts through intermediary banks to ensure trade exchange for major traders and importers and to make transfers and pay them in euros and Turkish lira.

2- Agreement to organize trade exchange for small traders and retailers (dinar against euro or Turkish lira) under arrangements by combined transfers according to a commercial organization that ensures the integrated cycle of the trade process (deposit in dinars inside Iraq, payment in euros or lira in Turkey, shipping goods from Turkey to Iraq) and this would facilitate the external transfer of thousands of Iraqi traders and spare them from working by non-fundamental means.

"This comes in the context of regulating trade and external transfer in accordance with sound practices and standards and within the framework of the comprehensive plan pursued by the Central Bank to open multiple channels, outlets and currencies with the aim of maintaining the stability of the financial system and protecting it from risks and achieving general stability in prices by covering imports at the official rate, which is confirmed by controlling inflation rates," the central bank statement said.

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Tishwash: European Development Bank: Diversifying the sources of the economy is a priority for Iraq

 A report by the British newspaper, the Financial Times, discussed Iraq’s accession to the European Bank for Reconstruction and Development (EBRD) and what this may constitute as a factor of support and support for Iraq’s economy and the reform of its banking sector by diversifying the sources of its economy and relying on the bank’s development plans and financial support in the transition to the alternative energy stage as well as Supporting private sector investments and creating more job opportunities.

The report indicated that while it was recently announced that Iraq belongs to the Bank and has become a member, financing Iraq’s transition to alternative energy and supporting its banking sector will be among the main priorities of the European Bank for Reconstruction and Development. While Iraq has become the bank's 74th member, among other countries in the Middle East and North Africa region, it can now become a recipient economy of the bank's financial and investment support.

According to the Director of the European Bank for Reconstruction and Development, Heike Harmgart, as part of Iraq's attempt to transition to an environmentally friendly economy, one of the country's main priorities lies in its strategy for economic diversification away from fossil fuels of oil and gas.

According to the World Bank, during the past decade, oil revenues constituted more than 99% of Iraq’s exports, and 85% of the government budget, with a gross domestic product of 42%.

European Bank Director Harmgart says that while oil will continue to constitute a large part of Iraq's economy, the political and economic priority lies in diversifying both energy and industry sources. She confirmed by saying, "We see solar and wind energy projects as very important in Iraq, in addition to a broader diversification of its industrial base."

According to the United Nations, Iraq is considered the fifth most vulnerable country in the world to the effects of climate change. It is particularly affected by high temperatures and low rainfall levels, with droughts, water scarcity, and floods as well.

Remember, Harmgart, that in addition to supporting renewable energy projects and reforming the electricity sector, the European Bank will develop partnerships between the public and private sectors to mitigate the effects of climate change, such as improving access to water.

She confirms by saying, “This may include replacing inefficient water pumps with water pumps that operate with efficient energy, through financing the public and private sectors, and also working with the government on the political side,” noting that most of the bank’s investments are in the private sector, and with regard to the public sector, The investment rate in it is only 25%.

Harmgart says that the bank's multiple developments can support Iraq with policy frameworks for public-private partnerships and power purchase agreements in the electricity and renewable energy sectors.

She goes on to say, "The Iraqi government has a desire to move towards a transition to renewable energy, but this has not been achieved so far. I want to see Iraq's membership in the European Bank for Reconstruction and Development as an indicator of greater focus on achieving its transition towards an environmentally friendly economy."

According to the World Bank, Iraq must accelerate the steps towards diversifying the sources of the economy, achieving sustainable growth and creating job opportunities. On this basis, industries outside the oil and gas sector should be the priority, with the European Bank for Reconstruction and Development looking forward to making the Iraqi banking sector part of the broader significant growth of its economy and the growth of the private sector.

The Director of the European Bank confirms, saying, “Iraq has huge opportunities for private banks. We see a growing interest from regional players in the Iraqi banking market. The European Bank can contribute by investing in banking intermediation. We want to help banks reach small and medium projects, and help commercial activities improve performance, and this will be done with more digital outputs.”

While the lending sector is still largely built on relationships, Harmgart says it is likely that the European Bank will conduct training courses and hone the skills of small and medium enterprises as well as banks to reduce reliance on personal guarantees. Pointing out that there is great potential potential for the Iraqi banking sector, and this would unleash economic growth, especially for a series of small and large projects of industrial value.

However, Renad Mansour, a researcher at the Chatham House Institute for Studies in London, says that change in Iraq requires political will for the reform process, regardless of the type of sector. Pointing out that multilateral development banks are well aware of the structural limitations of any sustainable development process in Iraq.

According to the Transparency Index Report for 2022, Iraq had scored 23 points out of a total of 100. While the anti-corruption process remains one of the biggest challenges facing the government in Iraq, European Bank Director Harmgart says that the bank has experience in market challenges.

She adds, "It is a matter of the will to change and the will to improve practices. Applying the digital approach in the banking sector may help reduce cases of corruption. We have seen in many countries that adopting the digital method is the best way to reduce corruption. This process increases transparency as well as facilitates Commercial operations without intermediaries and facilitating obtaining a license.”   link

Mot: . Has Yous Ever Been Dis Cool!!! --- Hmmmmm

Mot: . Hmmmmmmmmmmmmmm!!!

Iraqi Dinar News Video Updates Sunday AM 12-3-23

Iraqi Dinar News Video Updates Sunday AM 12-3-23

Iraqi Dinar Set New Rate $1.28 to $1.45 Today 2023

Iraqi Dinar Ready To Go RV Update Today 2023 

Iraqi Dinar Set New Rate $1.28 to $1.45 Today 2023

https://www.youtube.com/watch?v=yHxCI1N7Z-4

Iraqi Dinar Ready To Go RV Update Today 2023

https://www.youtube.com/watch?v=u5p6tVaIkS8

Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-2-23

Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-2-23

Iraqi Dinar RV Date Confirmed

Vietnam Dong Latest Rate Update

 Iraqi Dinar RV Date Confirmed

https://www.youtube.com/watch?v=uNFhWU2mKMQ

Vietnam Dong Latest Rate Update

https://www.youtube.com/watch?v=9lIrsui62rM

News, Rumors and Opinions Sunday Morning 12-3-2023

KTFA:

Frank26:  "THE INTERNATIONAL WORLD WELCOMES THE IQD FROM THE CBI".........F26

 The Governor of the Central Bank chairs the first meeting of the Iraqi National Payments Council

December 02, 2023

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Iraqi National Payments Council after its restructuring.

During the meeting, which was attended by officials from the Central Bank and representatives of the relevant ministries, the government and private banking sectors, electronic payment service providers and other actors, the objectives of the Council and the main tasks that it intends to implement were reviewed to achieve national strategies to develop the infrastructure of the financial and banking sector, advance the components of the electronic payment environment, and strengthen the pillars of inclusion.

Finance in Iraq.

The Council discussed the experiences of other countries in the field of payment systems and the mechanisms necessary to implement Iraqi Council of Ministers decisions No. 23044 and 23620 for the year 2023, as well as proposals that would contribute to the implementation of these decisions with the aim of expanding the scope of work of Iraqi electronic payment systems and linking them with various institutions, ministries and bodies and encouraging The public wants to use it and benefit from the advantages it provides. 

It is noteworthy that the Iraqi National Payments Council aims to coordinate and achieve cooperation between regulatory and supervisory authorities, executive authorities and financial institutions.

 Central Bank of Iraq 
Information Office 
2 - December 2023

https://cbi.iq/news/view/2477

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Frank26:  "JUST LIKE IRAN... SUDANI TELLS TURKEY... THESE ARE THE RULES YOU MUST FOLLOW FROM NOW ON!!!"..........F26

 The Central Bank reveals the discussions of the joint Iraqi delegation in Türkiye

The discussions conducted by a joint Iraqi delegation (the government, the Central Bank, the Association of Iraqi Private Banks, and the banking sector represented by a number of private banks) were completed in Istanbul and returned to Baghdad yesterday morning. The discussions culminated in the following:

1.Agreement to make banking arrangements between Iraqi banks and their Turkish counterparts through intermediary banks to ensure trade exchange for major merchants and importers and to make and pay remittances in the euro and Turkish lira currencies.

2.Agreement on organizing the trade exchange for small merchants and retailers (dinar in exchange for euros or Turkish lira) under arrangements with combined transfers according to a commercial organization that guarantees the integrated cycle of the commercial process (depositing in dinars inside Iraq, paying in euros or lira in Turkey, shipping goods from Turkey to Iraq).

This facilitates the external transfer of thousands of Iraqi traders and spares them from working through non-fundamental means. This also comes in the context of regulating trade and external transfer in accordance with sound practices and standards and within the framework of the comprehensive plan pursued by the Central Bank to open multiple channels, outlets and currencies with the aim of maintaining the stability of the financial system and protecting it from risks. Achieving general price stability by covering imports at the official price, which is confirmed by controlling inflation rates.

Central Bank of Iraq 
Information Office 
2 - December 2023

https://cbi.iq/news/view/2478

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Courtesy of Dinar Guru   https://www.dinarguru.com/

Frank26  Question:  Article VIII, WTO do these matter?  Yes without a doubt.  WTO you notice they have not been ascended into it.  Doesn't matter.  Whenever they do it they'll do it but what's really important is in order to join the WTO you have to be Article VIII...All they have to do is raise the value of their currency, that's it. 

Mnt Goat   “The Prime Minister’s philosophy confirms that economic reform cannot be achieved without reforming the banking system, and therefore the priority begins with reforming the financial system.”  ...more proof that Iraqi’s economy does not need to grow any more at this time in order to get to the value of the dinar to what we need for a fair and honest rate reflected...the “priority” begins with reforming the financial system and currency reform is a large part of the financial system.  ...Iraq will never be able to raise enough the money alone to rebuild Iraq and its economy unless they first complete the needed banking and financial reforms needed to attract investors...

Rafi Farber: Silver About to Break Out of Massive 90 Year Triangle Formation Building Since 1933

Arcadia Economics:  12-3-2023

Silver appears to be on the verge breaking out of a 90-year triangle formation dating back to 1933 when silver was only 25 cents an ounce. At the same time, Newmont Mining (NEM), the largest world's largest gold miner, just saw record trading volume this month, and Newmont shares have been trading since Nixon closed the gold window.

 In related news, an article posted on the New York Fed admits that reverse repos are being used to fund Treasury Bill auctions. What it failed to mention is who or what funds these auctions when the overnight reverse repo facility is exhausted, which should happen within the next 2 months or so? To find out more, click to watch the video now!

https://www.youtube.com/watch?v=uwXfNF4uAaA

Housing Market Crash 2024 | John Rubino

Liberty and Finance:  12-2-2023

The housing market is headed toward a major crash, forecasts John Rubino

He expects many hedge funds, private equity companies, and banks are about to have to dump real-estate at losses.

Will there be bailouts this time? Rubino says there’s a good chance there won’t be. “We need companies to pay prices for bad decisions, and I think there's a decent chance in 2024 that we see some of that."

INTERVIEW TIMELINE:

0:00 Intro

 1:35 Real estate collapse

7:34 Unaffordable houses

 22.44 Lawlessness abounds

28:50 Fighting for freedom

35:36 United, not divided

https://www.youtube.com/watch?v=IyA9aj71RVY

Global Financial Reset: Commodity Money System and the Quantum Financial System

Global Financial Reset: Commodity Money System and the Quantum Financial System

Is there Going to be a Global Financial Reset?

By Dinar Chronicles | December 1, 2023

A few points on this complex issue:

The global financial system is very complex, interconnected, and dynamic. Major events like economic crises, wars, pandemics, or technological innovations could potentially trigger significant changes to aspects of the system over time. However, predicting specific outcomes is extremely difficult.

Some analysts and commentators have speculated about or predicted some form of global financial “reset” or overhaul of institutions like the International Monetary Fund. However, there is no consensus among experts that something of this scale or nature is likely to occur in the near future.

Individual countries and regional blocs do occasionally undergo financial crises that lead policymakers to substantially reform their banking regulations, monetary policies, or financial safety nets. These crisis-driven reforms could be seen as national or regional “resets.”

Ongoing trends like digitalization of finance, climate change risk, and emerging market growth do appear likely to drive some evolution of global finance, but the timing and impacts of those changes are unclear.

What are some potential changes that experts have speculated could occur as part of a global financial “reset”?

Experts have speculated about various potential changes that could occur as part of a hypothetical global financial “reset,” though opinions vary widely.

Reform of major global financial institutions like the IMF and World Bank: This could involve changes to voting rights, governance structures, and objectives to give more influence to emerging economies.

Changes to the international monetary system: Some possibilities discussed include returning to a gold or commodity-based standard, implementation of a Quantum Financial System (QFS), increased use of SDRs, and multiple global reserve currencies rather than just the US dollar.

Debt restructuring or forgiveness: This could involve coordinated write-downs or relief for highly indebted nations. Some experts see this as necessary to restore growth.

Banking regulation reform: Stricter global banking rules and coordinated policy changes have been considered to avoid future financial crises and bailouts. Ideas include higher capital requirements, bank breakups, and unified global banking supervision.

Shift towards alternative financial systems and currencies: Some speculate greater use of cryptocurrencies, Islamic finance principles, or peer-to-peer finance models could integrate with or displace current systems.

In summary, there are huge political, economic, and coordination hurdles to realizing reforms on such a global scale. There is no consensus on likelihood or timing, and changes would likely be gradual. But unexpected crises (Black Swan Event, EBS, etc) can also prompt sudden reform. Ultimately there are more unknowns than predictions when it comes to the global financial system’s future evolution. However, the future remains uncertain. Also, who knows what goes on behind closed doors.

Commodity-based Currency System

A commodity-based currency system is a monetary system where the value of a country’s currency is directly tied to the value of a specific commodity, like gold, oil or other natural resources. This system is also known as a commodity money system. Here’s an overview:

1. Gold Standard: This is the most historically common form of a commodity-based currency system. Under a gold standard, the value of currency is fixed in terms of gold. For each unit of currency issued, there is a corresponding amount of gold stored in a central location. The United States was on a gold standard up until 1971.

2. Silver Standard: Similar to the gold standard, a silver standard ties the value of currency to the price of silver.

3. Oil/Petroleum Standard: Some oil-rich nations have considered linking their currency to the price of oil. However, the commodity’s price volatility can lead to economic instability.

4. Other Resources: Any valuable resource can theoretically be used. For instance, countries like Russia and China have considered backing their currencies with a basket of commodities, not just one.

Commodity-based currency systems have been largely replaced by fiat money systems. Fiat money has no intrinsic value but is circulated by government decree.

Advantages of a Commodity-Based Currency System:

1. Price Stability: Backing a currency with a commodity often leads to more price stability because it can limit the amount of money in circulation to the amount of the commodity reserves.

2. Reduces Inflation: It prevents the government from printing too much money as every unit of currency needs to have a corresponding amount of the commodity in reserve, therefore reducing the risk of inflation.

3. Enhances Trust: It can increase confidence in a nation’s currency since it guarantees that the money can be exchanged for a set amount of a physical commodity.

4. Global Parity: A standard like gold is universal in nature and thus it provides a common measure of value internationally, supporting exchange rates stability.

Disadvantages of a Commodity-Based Currency System:

1. Limited Flexibility: This system can severely limit the flexibility of monetary policy. Under a fiat system, the government and central banks have the ability to use monetary policy to stimulate the economy or curb inflation; this tool is cut off in a commodity-based system.

2. Dependency on the Commodity’s Value: If the value of the commodity itself experiences a sudden drop, the country’s entire economy can suffer deeply.

3. Limited Currency Supply: The money supply is limited to the amount of the commodity available, which can limit the economic growth. If the economy grows faster than the country’s ability to produce or buy the commodity, deflation can occur.

4. Expensive to Implement and Maintain: The costs of storing, transferring, and protecting large quantities of a physical commodity can be substantial.

Remember, the effectiveness of a monetary system largely depends on how well it is managed. Stability, trust, and growth are all possible under many types of systems, given prudent and transparent management from the government or central bank.

Below are 3 countries that could potentially benefit from switching to a commodity-based currency system.

Vietnam and the Vietnamese Dong

The future of the Vietnamese Dong (VND) is dependent on multiple factors, both internal and external, which include:

1. Economic Growth: Vietnam has been one of the fastest-growing economies in the world, which could lead to a stronger currency. However, this growth must be sustainable for it to impact the Dong’s value positively.

2. Government Policies: Decisions by the Vietnamese government and the State Bank of Vietnam can have an important impact on the Dong. Policies related to monetary control, inflation, foreign direct investment, and liberalization of currency can greatly affect the currency’s future.

3. Global Economic Conditions: External factors such as the health of the global economy, trade wars, global demand for Vietnamese goods, and changes in currencies of major trading partners can also have an impact on the VND.

4. Inflation Rates: A consistent control of inflation rate in Vietnam will strengthen confidence in the VND and hence its value.

5. Foreign Exchange Reserves: The level of foreign exchange reserves held by the country can also influence the strength of the Vietnamese Dong.

How can changes in global economic conditions affect the Vietnamese Dong?

Changes in global economic conditions can affect the Vietnamese Dong (VND) in several ways, including:

1. Trade Balances: Vietnam is an export-heavy economy. If global conditions change leading to decreased demand for its products, the trade balance could shift, which might weaken the Dong.

2. Foreign Investment: International investors play a vital role in Vietnam’s economy. Global economic stability or instability can significantly impact their investment decisions, affecting the inflow of foreign capital.

3. Commodity Prices: Vietnam is a major exporter of agricultural products like rice, coffee, and pepper. Changes in global prices for these commodities can impact Vietnam’s economy and, by extension, the value of the Dong.

4. Interest Rate Changes: Global economic conditions like a change in U.S. Federal Reserve’s policy rates can impact the value of the Dong. For instance, when US interest rates rise, investors may move money out of emerging market economies like Vietnam in pursuit of higher yields.

5. Exchange Rate Volatility: In turbulent global economic times, investors often flock to “safe-haven” currencies, causing potentially volatile swings among other currencies, including the Dong.

6. Remittances: A substantial part of Vietnam’s income comes from remittances sent by Vietnamese working abroad. Global economic downturns could affect the employment and income of these workers, reducing the amount of money they send back home.

It’s important to note that currency valuation is influenced by a complex interplay of factors, and global economic conditions are just one piece of the puzzle. Predicting currency movements can be difficult, making it crucial to seek expert advice when dealing with currency-related financial decisions.

Iraq and the Revaluation of the Iraqi Dinar

The revaluation of the Iraqi Dinar involves multiple factors, many of which are interconnected. Here are some of the key influences:

1. Economic Stability: A key factor in the potential revaluation would be the economic stability of Iraq. This could be reliant on the country’s GDP, inflation rates, unemployment levels and the stability of other economic indicators.

2. Political Stability: The revaluation could also be affected by the political landscape within the country. Stability indicates a lesser risk for investors, which could lead to appreciation of the currency.

3. Global Economic Conditions: The state of the global economy also affects the likelihood of revaluation. As Iraq is a major exporter of oil, fluctuations in global oil prices can greatly influence the country’s economic health.

4. Fiscal and Monetary Policy: Decisions by the Central Bank of Iraq surrounding interest rates, money supply, and fiscal policy could impact whether or not the currency is revalued.

5. Foreign relations: Policies of foreign countries, especially those dealing with trade and investment, can affect the value of the Dinar.

6. Security Situation: In regions with conflict or instability, currency value can be negatively affected. Improvement in the security situation can positively influence the currency.

What role do global economic conditions, specifically fluctuations in oil prices, play in the likelihood of the Iraqi Dinar being revalued?

Global economic conditions, particularly fluctuations in oil prices, play a significant role in the valuation of the Iraqi Dinar. Here’s how:

1. Dependency on Oil: Iraq’s economy significantly depends on oil, with oil revenues accounting for more than 90% of the government’s income. Therefore, any fluctuation in global oil prices directly impacts Iraq’s fiscal health.

2. Export Revenues: An increase in oil prices can increase export revenues, improve the trade balance, and potentially strengthen the national currency, the dinar. Conversely, a slump in oil prices can have the opposite effect.

3. Economic Stability: Significant changes in oil prices can affect economic stability. When prices are high, the government may have more flexibility to invest in infrastructure, public services, or pay down debt, which could lead to an appreciation of the dinar. If oil prices drop, this could lead to economic instability, potentially causing the dinar to drop in value.

4. Market Confidence: Stable, high oil prices can increase confidence in Iraq’s economy, inviting foreign investment and potentially leading to a revaluation of the dinar.

5. Government Policies: The government’s response to oil price fluctuations, such as spending cuts or increased borrowing during low price periods, can impact the currency’s value.

It’s important to note predicting currency movements, especially for a currency like the Iraqi Dinar, can be very hard due to the unpredictability of these factors.

Zimbabwe

Zimbabwe is rich in natural resources. Some of these include:

1. Minerals: Zimbabwe has vast mineral resources. It’s one of the world’s largest producers of gold, platinum, and diamonds. The country also has significant reserves of coal, chromium ore, asbestos, nickel, copper, iron ore, vanadium and lithium.

2. Land: The country has fertile soils especially in the Northern and Eastern regions, suitable for agricultural purposes.

3. Wildlife: Zimbabwe possesses a wide variety of wildlife and has several national parks and preserves that help protect this natural resource. These wildlife resources contribute significantly to the tourism industry.

4. Forests: There are also extensive forest resources in Zimbabwe, especially in the Eastern Highlands.

5. Water: Zimbabwe has multiple rivers including the Zambezi River and Limpopo River, which have potential for irrigation and hydroelectric power.

In June 2019, the Reserve Bank of Zimbabwe reintroduced the Zimbabwean dollar (ZWL$), which replaced the multiple-currency system that had been in place since the country’s period of hyperinflation back in 2008. So, as of now, the official and primary currency in Zimbabwe is the Zimbabwean dollar, not a commodity-based currency.

Historically, Zimbabwe attempted to stabilize its economy by using a multi-currency system, including the US dollar, South African rand, Botswana pula, Pound Sterling, Australian dollar, Chinese yuan, Indian rupee, and Japanese yen.

However, the idea of introducing a commodity-based currency in Zimbabwe has been suggested by some, including the former Reserve Bank of Zimbabwe governor, Gideon Gono. He proposed it in 2008 during the peak of the hyperinflation crisis. The idea was to link the value of the currency issued to the country’s mineral wealth – gold and other precious minerals. This hasn’t been implemented, and the practicality and effectiveness of such a currency would be subject to intense scrutiny and debate before it could become a reality.

Zimbabwe is richly endowed with mineral resources such as diamonds, gold, coal, iron ore, and platinum, but turning those resources into a commodity-backed currency involves overcoming significant economic, logistical, and transparency-related challenges. It would require a reliable auditing system in place to confirm the physical existence of those resources and an efficient delivery system should anyone wish to convert their money into the commodity.

In the end, the most significant thing is economic stability, sensible fiscal and monetary policies, and political will to implement and manage such a system effectively. As of now, Zimbabwe has not adopted a commodity-based currency. The discussion of such a proposal is mostly academic and speculative.

What about the Quantum Financial System (QFS)?

The Quantum Financial System (QFS) is a speculative and theoretical future system proposed by some in the financial and technology communities. Its capabilities and potential benefits depend on the advancement and deployment of quantum computing, which is currently in its early stages. Below are some potential benefits of QFS according to its proponents:

1. Enhanced Security: The main selling point of QFS is the theoretical enablement of next-level security. Quantum cryptography could potentially create almost unbreakable codes, vastly increasing the security of transactions and reducing the risk of hacking through traditional methods.

2. Speed and Efficiency: It is claimed that QFS would greatly enhance the speed and efficiency of financial transactions. Since quantum computers can handle complex calculations much faster than classical computers, proponents believe that transaction and processing times would be considerably reduced.

3. Transparency: Some proponents argue that QFS would be more transparent than current systems, reducing fraud and corruption. Every transaction would reportedly be traceable due to the distributed ledger system.

4. Elimination of Central Banks: Some theories about QFS suggest it would eliminate the need for central banks and render fractional banking practices obsolete.

5. Decentralization: Similar to blockchain technology, some versions of QFS could be decentralized and could potentially reduce the power held by major financial institutions, offering broadened access to financial resources and diminishing control of central banks.

6. Global Financial Reset: Some proponents suggest that the implementation of QFS could reset the global economy and free it from current debts and liabilities, providing equal financial opportunities to every individual and eradicating poverty and inequality.

It’s important to remember that these benefits depend on many technological and societal uncertainties.

https://dinarchronicles.com/2023/12/01/global-financial-reset-commodity-money-system-and-the-quantum-financial-system/

Currency Insider Iraqi Dinar - Dong Updates Saturday Afternoon 12-2-23

Currency Insider Iraqi Dinar - Dong Updates Saturday Afternoon 12-2-23

Iraqi Dinar Rate Massive Up

Iraqi Dinar Rate Massive Up

https://www.youtube.com/watch?v=vsOU92vYMUI

"Tidbits From TNT" Saturday 12-2-2023

TNT:

CandyKisses:  Sudani: We have the natural resources that enable us to export products outside Iraq

Prime Minister Mohamed Shia al-Sudani said on Saturday that Iraq has the natural resources that qualify it to meet the market's need for local products and export the surplus outside the country.

Al-Sudani said in a speech during the launch of the Industrial Partnerships Forum in Basra, that this government has placed among the five priorities the reform of the economy, and no economic reform in any country such as Iraq, or change the philosophy of a monoeconomic state and dependence on oil depending on the sectors of industry, agriculture, tourism and trade.

"We have the natural resources to establish a sustainable and advanced industry that meets the needs of the local market, and it can also be an industry that leads to the export of its products outside Iraq," he said.

CandyKisses:  At the beginning of the week New low in dollar prices in Baghdad and Erbil

Shafaq News / Dollar prices fell, on Saturday, in the markets of Baghdad, and in Erbil, the capital of the Kurdistan Region.

The correspondent of Shafaq News said that the dollar prices fell with the opening of the stock exchanges of Al-Kifah and Al-Harithia to record 156,250 dinars against 100 dollars, while prices last Thursday were 156,500 dinars against 100 dollars.

Our correspondent pointed out that the selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 157,250 Iraqi dinars, while the purchase amounted to 155,250 dinars per 100 dollars.

In Erbil, the stock exchange does not trade on public holidays, but it also recorded a decrease in exchange shops, the selling price is 156,300 dinars against 100 dollars and the purchase price is 156,000 dinars for 100 dollars.

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

Tishwash:  Al-Sudani: We cannot continue to watch Iraq remain a consumer market

The Prime Minister, Muhammad Shiaa Al-Sudani, stressed the government’s work methodology in establishing economic partnerships and industrial cities with neighboring countries. While he pointed out that Iraq has the natural resources to establish a sustainable and advanced industry, he stressed the government’s endeavor to achieve an industry that exports its products outside Iraq.

He stressed in his speech during the Industrial Partnerships Forum in Basra, followed by Al-Iqtisad News, that the government “provided sovereign guarantees to the private sector and seeks to achieve an industry that exports its products abroad   link

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

Tishwash:  Sudanese advisor talks about the digital dollar and the electronic payments system

Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, explained the benefits of adopting the electronic payments system in transactions inside Iraq, and while he pointed out that among them is providing the most efficient use of the monetary mass, he stressed that Iraqi law rejects the use of the cash dollar in internal settlements.

Saleh said in a press interview, “The cash payments system is linked to a high degree of certainty whenever payments are made by electronic or digital means, which provides an indicator of liquidity for the banking system and reduces the degree of uncertainty in banking liquidity.”

He added, “The payments system provides sufficient information about the flow of cash into the banking system, makes clear the amounts of paid and accumulated amounts, and indicates their actual balances at all times during the banking working day. Conversely, in light of monetary systems that rely on direct cash payment, banking liquidity management policies surround... It also uses additional hedges of idle liquidity in order to guard against liquidity risks.

He continued, "This matter disrupts an aspect of banking operations and credit in particular, so as electronic payments increase as a behavior in daily dealings, the management of the cash mass and its flow in the banking system will be subject to the rule of clarity in cash management and then directing bank credit towards profitable areas by expanding activity." Credit is what provides efficient use of the cash mass, as well as a decrease in the rate of cash leakages outside the banks, which means that a structural change in the behavior of cash demand among individuals and at banks will tend towards a decline due to dealing with electronic payment systems that are linked to bank accounts.”

Saleh continued, “Thus, the development of the payments environment and its transition from the direct cash environment or cash payment in payment and receipt operations to the use of electronic payment will, in all cases, reduce the risks of local cash payment in currencies other than the dinar and distance the national economy’s transactions from cash payment in foreign currency.”

Because digital payment systems do not allow transactions in the local economy in anything other than the dinar, i.e. the national currency, and certainly the economy’s tendency in its transaction payments is to (the digital dinar) instead of (the cash dollar), whose transactions in internal settlements are legally rejected completely by virtue of the principle of monetary sovereignty of the dinar. link

Mot: ... aaaaaahhhhhhh - the Fond Memories. just Looking Through!!!! 

Mot: . What in the World!!!???? 

RESET: BRICS Just Dropped A Massive Update | China WARNS Argentina's Fall Out | Huge Global Shakeup

RESET: BRICS Just Dropped A Massive Update | China WARNS Argentina's Fall Out | Huge Global Shakeup

Tech Revolution:  12-1-2023

The global economic landscape is undergoing a profound transformation as nations gradually reduce their reliance on the US dollar.

While the dollar's historical dominance remains, its share in global reserves is on a steady decline. This shift has prompted nations to explore alternative currencies for international trade, indicating a growing consensus that the US dollar is no longer the exclusive currency dictating the rules of the game.

China's influence in the global trade arena is making significant strides, extending well beyond its regional neighbors to shape the contours of trade across diverse continents.

Meanwhile, Russia, a pivotal player in the BRICS alliance, is deftly maneuvering around the constraints of US sanctions. Their strategic approach involves offering discounted crude oil to developing nations, a tempting proposition that comes with a condition—they must conduct transactions using either the Chinese Yuan or the Russian Ruble.

India, always keen to be at the forefront, is actively forging new trade agreements. Their pitch? Encourage the use of the Indian Rupee over the US dollar in international trade dealings, emblematic of a shift in the traditional landscape of global commerce.

 Notably, the United States is closely monitoring these developments, as an increasing number of nations express their interest in joining the BRICS consortium.

 Venezuela, under the leadership of President Nicolas Maduro, is aggressively seeking China's support to secure entry into the BRICS group.

 Maduro underscores the potential of the China-Venezuela relationship in bolstering the BRICS alliance, citing Venezuela's claim to the largest global oil reserves.

Beyond BRICS, Maduro envisions increased Chinese investment in Latin America and the Caribbean, signaling a broader economic collaboration.

 Recent reports hint at significant gold purchases by BRICS nations, setting the stage for a groundbreaking digital currency backed by gold for future trade settlements.

 Simultaneously, Nigeria aims to join BRICS, aligning with its aspirations for global representation and influence—a strategic move that carries considerable weight for West Africa.

Shifting our focus to Argentina, China delivers a cautionary message against severing ties with major players like China and other BRICS nations.

The newly elected President, Javier Milei, expresses a preference for strengthening ties with the United States. China, recognizing the value of its economic partnership with Argentina, emphasizes the pivotal role of BRICS for emerging markets.

The global impact gains further momentum as China and Saudi Arabia formalize a local-currency swap agreement, a substantial commitment amounting to $7 billion. This development aligns with the growing trend among countries, particularly in the Middle East and other emerging markets, to shift away from reliance on the US dollar.

Saudi Arabia, traditionally a significant oil supplier to China, is expanding its horizons by investing in China's petrochemical sector and engaging with Chinese tech companies. This economic collaboration between China and Saudi Arabia transcends mere financial transactions, evolving into a robust diplomatic relationship.

The invitation extended to Saudi Arabia to join BRICS, alongside other nations like Iran and the United Arab Emirates, marks a noteworthy departure from the conventional Western economic circles. Examining the economic ties between China and Saudi Arabia reveals a tightening bond, with Saudi Arabia emerging as a substantial oil supplier to China.

This strategic shift towards using local currencies in trade agreements is not an isolated occurrence but aligns with a broader global strategy to diminish dependence on the US dollar, as seen in previous agreements with countries like Argentina and Brazil.

In the broader spectrum of geopolitical and economic dynamics, BRICS (Brazil, Russia, India, China, and South Africa) emerges as a pivotal player in reshaping the global order.

This consortium of nations, characterized by their significant influence on regional and global affairs, represents a departure from traditional power structures.

As they forge ahead with collaborative efforts, the impact of BRICS is felt not only in economic alliances but also in geopolitical realignments.

 The cooperative endeavors within BRICS exemplify a collective pursuit of a more equitable and diversified global landscape, challenging the established norms dominated by Western powers.

More Details In The Video

https://www.youtube.com/watch?v=8WcDCwsyl1Q

Weekend News With MarkZ 12-2-2023

Weekend News with MarkZ

Some highlights by PDK-Not verbatim

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

MZ: We visit with the CBD Guru’s for the first 45 minutes and then have a back to basics for new people.

MZ: The group chatter has been amazing as they are waiting for release of funds…There is a lot of rumors out there that SKR’s have started delivering but I cannot find anybody that has had their SKR paid yet.

MZ: So for me that is a rumor and not factual….I can find bunches of people that have SKR’s and have not seen money yet though. So evidence is pointing towards they do not have dollars yet.

Member: Maybe they have NDA’s and cannot tell you?

MZ: But I can tell you that groups are sitting at the edge of their seats. More groups confirm they have funding and just waiting for permission to release it. We don’t know what that means timing wise.

MZ: Redemption contacts who are “on call”  have not been called in….yet. But we are stinking, painfully close…..

MZ: Story from Matt at CBD Gurus:  Matt used to drive a limousine  and you usually strike up a conversation (good for tips) ….Anyway he picks someone up from the Federal Reserve in Minneapolis to go to the airport. This gentleman was not carrying bags……. Matt asked if he was in town for business?

MZ: He said he was at a meeting with the Federal Reserve and talked about the new system ….a new “worldwide system” that they are going to implement. The goal for this was 2023. They talked about the systems…financial and government that has been around for many years and how it was time for a change. They are working on it and the goal was 2023. He was told this in the year 1995. 28 years they have been working on this…..or more.   Isn’t that interesting. How long this battle for a new system has been going on.

Member: Fiat is the new “F Word!”

Member: I wonder when are the banks going tell us about if they have the QFS system?

Member:  My bank is not available from tonight until 7am Monday for update on new system is what they said.

Member:  Iraq is posting there will be a 3 or 4 day work disruption and a holiday on Dec 10th

MZ: Yes a holiday on the 10th and for some reason they are going to close a couple extra days.

Member:  TNT  actually said: "we should see it by Monday but today some of our 3 letter agencies say its over its done - have completed it all - the whole world will see it no later than Monday morning.

Member: TNT Tony quote: The US has passed on the release of the rv to the international monetary fund (IMF). IMF is in complete control of when the RV comes out. All preparations for the RV are done.

Member: Are we still waiting for a “Scare event” to let everything go?

MZ: We keep hearing there is going to be a great scare event. I don’t know if a scare event is necessary at this point. How much more scared does the world need to get?

Member:  I think the scare event will be the collapse of the fiat Dollar itself

Member: financial scare event not being able to access your money possibly?

Member: Having all the banks collapse and your bank accounts go to zero will freak the h*ll out of everyone

Member:  Think we've had a lot of scare events

Member: Scare Event rumors is the scare event.?

Member: We are living in a scare event!!!

Member: Scare event is the checkout at the grocery store!!

Member: I think we can kiss the Petrodollar good bye!!

MZ: Kiss fiat good-bye….kiss commodities backed money hello…..If we follow historic precedence…..(which we rarely divert form much) we will have a reset and things will be great for awhile. Maybe 20, 30  or 50 years…..then they will start down the fiat road again. It is a wash, rinse, repeat .  But we are in a unique position to take advantage of this.

Member: Is there a difference between good guys and bad guys at this point…Black hats and white hats? ?

MZ: I am trying to find one.

Member: We are ALL tired and in need of relief , a jubilee and a Vacation! They need to end this

Member: Remember Saturday Nights are when all the banks worldwide are closed for a brief time…..Maybe this is the night they actually change the rates.???

Member: Everyone enjoy your weekend……God Bless.

Mark does a short Q&A for newbys toward the end . Please listen to the replay for that information

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=X8tiv-o_jP0

Currency Insider Iraqi Dinar - Dong Updates Saturday AM 12-2-23

Currency Insider Iraqi Dinar - Dong Updates Saturday AM 12-2-23

 Iraqi Dinar Al Sudani Signals Shift To Monetary Sovereignty

Iraqi Dinar Al Sudani Signals Shift To Monetary Sovereignty

https://www.youtube.com/watch?v=6f8-zvBypYw