DINAR REVALUATION

Thursday, June 13, 2024

"CHINA WILL BE ABLE TO CONTROL THE EXCHANGE RATES OF THE USD" BY MIKECRISTO, 13 JUNE

MIKECRISTO

OMG! As part of the internationalization of the RMB

China will be able to control the exchange rates of the U.S. Dollar against foreign emerging market currencies.

This is the end of the Dollar!

@Sorenthek
 @DavidLe76335983
 @KingKong9888
 @Dioclet54046121
 @CensoredMen
 @rawsalerts
 
  

@KanekoaTheGreat
 @KimDotcom

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Once the global elites realize that Western banks are now making RMB loans and not dollar loans, The digital petroyuan gold token has launched. This means the world is dumping dollar bonds, The dollar collapse is going to be sudden, Because they will realize they are holding worthless paper.

MIKECRISTO

China has launched their tokenized digital petroyuan backed by gold in the mbridge.

China’s RMB just replaced the petrodollar

The U.S. Treasury should have immediately launched their gold reserves to protect the U.S. Dollar from hyperinflation

As 60% of the worlds population immediately dumps the dollar.

The fact that it’s not forthcoming (U.S. gold revaluation) tells you the U.S. Treasury doesn’t have any gold.

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MikeCristo8

@MikeCristo8

The world needs to understand the U.S. Treasury bond market is funded off the world needing dollar reserves aka bank derivatives (off balance sheet dollars).

When the Petrodollar ends on June 9th, there is no need for the world to hold U.S. Treasuries as the global world reserve asset in the oil trade.

The Japanese yen will hyperinflate against their U.S. Treasury holdings.

Japan will be forced to liquidate all their dollars and U.S. treasuries that fund the Gates Foundation,

The Gates Foundation will fold. Melinda Gates leaves the Gates Foundation on Friday June 7th, two days before the petrodollar ends (June 9th). Bill and Melinda Gates knew the petrodollar was going to end.

Coincidence? No? The monetary even is going down NOW!

If anyone believes Donald Trump (or Joe Biden for that matter) will be President on November 5th, I have a bridge to sell you!

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Adam Gaertner
@veryvirology

Anything concrete re: the 9th?

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MikeCristo8
@MikeCristo8

U.S. Treasury must roll over $10 trillion in bonds, of which they don’t have the money. Saudi is protecting their oil against a collapsing fiat dollar. The Fed isn’t going to print this kind of money.

6:37 PM · Jun 1, 2024

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Jack Straw
@JackStr42679640

June 9th the Agreement between United States and Saudi Arabia to sell Saudi Oil in USD exclusively ends. Saudi Prince has already notified U.S. that this agreement will NOT be renewed and they will no longer accept USD.

Video: https://x.com/i/status/1796618863599370263

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MikeCristo8
@MikeCristo8

It means state banks can link up to M-BRIDGE, bypassing the SWIFT system and interface with the PBoC and the state banks could then potentially hold RMB as reserves.

===>>>>> This would allow China to control the gold price inside the U.S. state banking system!

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MikeCristo8
@MikeCristo8

Does the world want dollar loans backed by nothing, or do they want RMB loans backed by gold?

https://dinarevaluation.blogspot.com/2024/06/petrodollar-ends-on-9th-june-by.html

Iraqi Dinar RV Implemented Budget 2024 🔥Iraqi dinar Revaluation update

Iraq seeks to attract foreign investment by amending its laws, 13 JUNE

Iraq seeks to attract foreign investment by amending its laws

The Iraqi Parliamentary Investment Committee aims to amend some investment laws during the next legislative term, with the aim of attracting foreign investments and capital.

According to committee member, Dhia al-Hindi, representatives of the World Bank Group working in investment and private projects were hosted to discuss some paragraphs of laws on investment, which are considered in opposition to sustainable development in Iraq, including the investment law and the company law.

Al-Hindi explained that representatives of the World Bank cited the experiences of the Kingdom of Saudi Arabia and the United Arab Emirates, where the foreign investor in those countries has the right to own and manage the company by 100%, while his share in Iraq is limited to only 49%.

Al-Hindi called for amending some paragraphs of the law to create an attractive environment for investors and capital, noting that amending laws is within the jurisdiction of Parliament, while the laws governing the economic process remain “socialist.”

Al-Hindi stressed that the committee is continuing to amend the commercial arbitration and investment laws, and approve the industrial investment and mineral investment law.

Al-Hindi stated that the committee will address the government regarding amending some paragraphs of the investment law to be subjected to study in the State Shura Council, and then sent to Parliament.

These efforts come within the framework of Iraq's efforts to strengthen its economy and attract foreign investments, especially in light of the economic crises it is experiencing.

It is expected that the amendments to the laws will contribute to improving the investment environment in Iraq and attract more foreign investments and capital, which will contribute to the development of the Iraqi economy and create new job opportunities link

THE MINISTERIAL COUNCIL FOR THE ECONOMY DECIDES TO SUPPORT THE INDEPENDENCE OF THE CENTRAL BANK IN FORMULATING MONETARY POLICY BY MNT GOAT, 13 JUNE

MNT GOAT

THE MINISTERIAL COUNCIL FOR THE ECONOMY DECIDES TO SUPPORT THE INDEPENDENCE OF THE CENTRAL BANK IN FORMULATING MONETARY POLICY

Today, Monday, Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, chaired the seventeenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, and advisors. Prime Minister for Economic and Legal Affairs, and Chairman of the Securities Commission.

A statement by the Council, a copy of which {Al-Furat News} received, stated that it: “discussed the items on its agenda and took the necessary decisions regarding them. It also hosted the head of the Financial Supervision Bureau and his deputy, and the Director General of the Legal Department in the Bureau, to study and evaluate partnership contracts between the public and private sectors.” And a statement of the economic feasibility of its continuation or termination.”

He added, “Where the head of the Bureau reviewed those contracts that were divided between important contracts that benefit the state budget, and others that lacked economic feasibility, the Council decided to complete the discussions in the presence of representatives of the relevant ministries in order to resolve this important file.”

The Council continued, “It also decided to approve the recommendations of the committee formed to study the adoption of Iraqi, Gulf, or higher specifications when importing vehicles, in order to preserve the lives and safety of citizens and users of vehicles and roads, while determining the contribution of foreign capital to Iraqi banks was discussed.”

He added, “In line with the state’s general policy of supporting the Iraqi and foreign banking sector and foreign investments in Iraq, the Council decided to support the independence of the Central Bank of Iraq in formulating monetary policy in accordance with its applicable laws and instructions.”

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

‘Inescapable Debt Trap’: Fed Going ‘Right Back’ to 0% | Brien Lundin

Iraq raises its gold possessions to more than 145 tons, 13 JUNE

Iraq raises its gold possessions to more than 145 tons

The World Gold Council announced on Thursday that Iraq has increased its gold holdings to reach more than 145 tons of global gold reserves.

According to the latest table issued by the Council for the month of June, viewed by Shafaq News Agency, the volume of Iraq’s gold possessions reached 145.7 tons, compared to 142.6 tons during the month of May.

The Council explained that Iraq dropped in rank to reach 31st place globally out of 100 countries listed in the table with the largest gold reserves, and this amount represents 9.8% of the rest of its other reserves.

The Council indicated that the United States of America has the largest possession of gold in the world with 8,133.5 thousand tons, followed by Germany with 3,352.9 thousand tons, then Italy with 2,451.8 thousand tons, while Suriname came at the bottom of the list with 1.2 thousand tons.

It is noteworthy that the World Gold Council is based in the United Kingdom, and includes members of the largest gold mining companies in the world, and has extensive experience and deep knowledge of the factors affecting the gold market. link

Russia Bans all US Dollar and Euro Trading on Moscow Exchange as Chinese Yuan Dominates BY AWAKE IN 3D, 13 JUNE

Russia Bans all US Dollar and Euro Trading on Moscow Exchange as Chinese Yuan Dominates

Russia Bans All US Dollar and Euro Trading on Moscow Exchange: Chinese Yuan Dominates

On June 12, 2024
By Awake-In-3D

Is the Dollar’s Dominance in Jeopardy After Russia’s Latest Action?

In response to a new round of U.S. sanctions, Russia has halted all trading in dollars and euros on the Moscow Exchange, significantly impacting global financial markets.

Daily trading volumes for the yuan-ruble pair now regularly exceed 8 billion rubles, far surpassing the volumes for dollar-ruble and euro-ruble trading.

In This Article

Overview of the New U.S. Sanctions
Russia’s Response to the Sanctions
The Shift Towards the Chinese Yuan
Global Financial Implications

Overview of the New U.S. Sanctions

The U.S. Treasury announced a fresh round of sanctions aimed at cutting the flow of money and goods sustaining Russia’s war in Ukraine.

These sanctions targeted the Moscow Exchange Group, leading to a significant decision by Russia to halt trading and settlements in U.S. dollars and euros.

The sanctions, announced on a public holiday in Russia, aim to weaken Russia’s financial architecture, particularly its defense industry and the acquisition of goods to further its aggression against Ukraine.

Russia’s Response to the Sanctions

In a swift response to the sanctions, the Moscow Exchange and the central bank issued statements within an hour, announcing the immediate suspension of dollar and euro trading.

This decision forces banks, companies, and investors to conduct transactions directly between parties in the OTC market, bypassing the central exchange.

The central bank reassured the public that all funds in these currencies remain secure, emphasizing that companies and individuals can continue to buy and sell dollars and euros through Russian banks. However, the shift to OTC trading eliminates the liquidity, clearing, and oversight advantages of the central exchange.

The Shift Towards the Chinese Yuan

As Russia strengthens trade and political ties with Beijing, the Chinese yuan has already become the most traded currency on the Moscow Exchange.

In May, the yuan accounted for 53.6% of all foreign currency traded on MOEX. This shift reflects Russia’s strategic pivot towards China amidst ongoing geopolitical tensions.

Daily trading volumes for the yuan-ruble pair now regularly exceed 8 billion rubles, far surpassing the volumes for dollar-ruble and euro-ruble trading. This trend underscores the growing influence of the yuan in Russia’s financial system.

Global Financial Implications

The suspension of dollar and euro trading on the Moscow Exchange has significant implications for the global financial system. It signals a potential realignment of global financial flows and increased reliance on alternative currencies like the yuan.

The sanctions are expected to reduce trading volumes on the Moscow Exchange, impacting its profitability and possibly leading to more volatile trading conditions. The move also reflects Russia’s readiness for such sanctions, having braced for this scenario for around two years.

The growing dominance of the yuan on the Moscow Exchange may influence other global markets as countries and investors adjust to the shifting landscape. The long-term effects of these changes will depend on how effectively Russia and its trading partners navigate the new financial environment.

The Bottom Line

In response to the latest U.S. sanctions, Russia has halted dollar and euro trading on the Moscow Exchange.

This significant move, along with the rising dominance of the Chinese yuan, highlights the changing dynamics of global finance.

Contributing article: Reuters:Russia, hit by new US sanctions, halts dollar and euro trade on main bourse

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