Sandy Ingram
Iraq just delayed the US group exit. It's a big deal. Iraq has chosen to delay the announcement of a departure date for the US-led military coalition.
This comes amidst escalating tensions between Israel and Iran...Currently around 2,500 US troops remain in Iraq...This delay in setting a withdrawal date underscores the Iraqi government's challenging position amidst internal and external pressures. Stay tuned for more updates as this situation continues to unfold.
Sandy Ingram
Research says 70% of all lottery winners are broke within 3 to 5 years after they win the lottery. These numbers are almost as high for ex-NFL football players who once they are no longer playing football go broke... They're doing exactly what I am strongly recommending you don't do. They are living off their winnings. You want to get into a mindset of replenishing your wealth. It will be easier to build more wealth once you have wealth. Money begot money. Money attracts money.
Sandy Ingram
The news from the Middle East has gone haywire. There appears to be consistent and organized misinformation coming out of the Middle East. [I] will do everything in [my] power to report correct and confirmed news reports...
Sandy Ingram
Iraq did not follow Kuwait's revalue path. The Untied States pulled back on financial support for Iraq's revalue shortly after the invasion was over when they made the decision that were not in alignment with economic growth for Iraq. It's been 20 years and the currency still has not been revalued...
We are learning more about why including issues like the IMF will not support a currency adjustment until the county has more income streams outside the oil industry, implementing banking reform that ties into international banking standards and providing housing for the hundred of thousands of people who have been misplaced due to decades of war, not to mention...corruption.
Sandy Ingram
Question: "How is Iraq going to do business in the international market with such a low currency rate?"
This is why Iraq will need to increase the value of its currency. Currency values... act as a silent force influencing a country's global competitiveness. When a country's currency value is low it can impact it's ability to compete...Iraq's top trading partners are China, India, South Korea and on the sidelines Iran. However things are about to change and fast. The development road project places Iraq right in the middle of the global financial markets. [We] have little doubt the Iraqi dinar will increase in value but we don't know when or how much.
A major financial change in Vietnam...Decree 52 regulates non-cash payment in Vietnam and will significantly alter Vietnam's financial landscape...Decree 52 marks a significant milestone in Vietnam's journey towards a cashless economy. If you have VND bank notes you will need to find out how you can comply with Decree 52 as a foreigner. [We] will research the topic and report back as soon as we understand the procedure. According to the news report the banks have 24 months to comply...
https://dinarevaluation.blogspot.com/2024/07/rv-update-by-sandy-ingram-20-july.html
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