.KTFA: Vietnam News

Samson: Việt Nam, UK enhance cooperation in digital economy, digital transformation

2nd November, 2021

Vietnamese Minister of Information and Communications Nguyễn Mạnh Hùng and the UK’s Parliamentary Under Secretary of State at the Department for Digital, Culture, Media and Sport Chris Philp signed a Letter of Intent on cooperation in the digital economy and digital transformation on Monday (London time).

The two officials shared strategic orientations, national programmes and projects on the development of the digital economy and digital society of each country, as well as initiatives and policies in support of digital economic development.

They also exchanged opinions on possibilities to expand cooperation and strengthen coordination between management agencies on digital transformation, digital economy, digital business connection, and discussed measures to jointly develop and organise the implementation of initiatives within the framework of the UK-ASEAN Digital Innovation Partnership and the Asia-Pacific Digital Trade Network.

.KTFA:

Iobey777: Wow!!! This is HUGE news!!! IMO The shackles have been removed!!

Samson: The International Labor Organization removes the name of Iraq from its blacklist

04/11/2021 12:43:37

The Ministry of Labor and Social Affairs announced, on Thursday, that Iraq had been removed from the black list of practical discrimination by a decision of the International Labor Organization.

The ministry stated in a statement that {Euphrates News} received a copy of it that "the Director-General of the Department of Labor and Vocational Training in the Ministry of Labor and Social Affairs, Raed Jabbar Bahed, held a meeting with the cadres of the Labor Inspection Department," and stressed "the need to activate the role of the inspectors in implementing the effective labor law."

.KTFA:

Samson: The world's largest trade agreement enters into force

4th November, 2021

The Secretariat of the Association of Southeast Asian Nations (ASEAN) announced that the Regional Comprehensive Economic Partnership Agreement, the world's largest trade agreement to date, will enter into force on January 1, 2022.

The secretariat said in an announcement issued yesterday, Wednesday, that it had received instruments of ratification of the agreement from 6 ASEAN member countries, namely Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam, in addition to 4 non-ASEAN signatory countries, namely Australia, China, Japan and New Zealand.

.KTFA:

Samson: The Sadrist movement reveals a trend regarding the dollar exchange rate

28th October, 2021

The Sadrist movement, led by Muqtada al-Sadr, confirmed Thursday, its quest during the next stage to change the exchange rate of the dollar against the Iraqi dinar.

The leader of the movement, Riyadh Al-Masoudi, said, in a statement that followed (Al-Oula News), that "the Sadrist movement will work through the Sadrist Parliamentary bloc as well as the new Iraqi government to change the exchange rate of the dollar against the Iraqi dinar, as raising the exchange rate has a great impact on citizens, especially those with limited incomes. The fact that this rise affected the rise in food prices and other things in the Iraqi markets.”

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MilitiaMan: We can see (see article below( from this they have launched the new system.

The Central Bank has ANNOUNCED that they integrated the new digital system.

The system is to make way for a cashless society. Not a no cash society. Therefore, the implications suggest they'll be changing the exchange rate to reflect an internationally accepted rate that will be or is now digitized.

That will imo require Article 8 compliance and New Small Category Notes to facilitate trade down to the street vendors.

There will be new digital equipment necessary to facilitate the new systems, new equipment in place now.

They ANNOUNCED they launched the new system... They also are now and have been talking about the change of the exchange rate..

The GOI is to approve of an exchange rate change and they clearly seem to be. The job of lifting the exchange of the Dinar to the Dollar is the CBI’s job... I like what we see here and the timing couldn't be better.. imo ~ MM

KTFA:

Samson: The Arab Monetary Fund issues a book on "Operational Frameworks for Monetary Policy in the Arab Countries"

25th October, 2021

The Arab Monetary Fund issued a book on "Operational Frameworks for Monetary Policy in the Arab Countries", the contents of which were prepared from the papers of high-ranking officials from Arab central banks and monetary institutions, and were presented during the fourth meeting of the Monetary Policy Working Group in the Arab Countries, jointly with the Bank for International Settlements, held "Remotely" during the period May 31 - June 2, 2021

Themeeting aimed to present global economic and financial developments andtheir repercussions on the banking sector and the management ofmonetary policy in the Arab countries, in addition to discussing anumber of technical issues related to the role of monetary policy inovercoming the repercussions resulting from the Covid-19 pandemic, incoordination with both fiscal and macroprudential policies.

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.MilitiaMan: Now Iraq is clearly telling us they have digital currency and it will be tracked to the penny. I find this article (See Below) to be very timely and to be expected. They took out the 1,000 - 10,000 notes and in the past we witnessed them destroying 25k notes in a filmed interview on the matter

By them taking out the notes, they'll need to have replacements, hence, the need for an adjustment to the new digitized currency is looking to be needed more now than ever before.

In my view they must be in a hurry now.. Lets see what they do next. I suspect that with them having experience in digital currency, as noted by the recent article, a flip of the switch may all that be needed .. lol ~ MM