STATUS OF THE RV
Friday, September 8, 2023
"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 8 SEPT
Automated teller machine... The Middle East is a meeting point for foreign investment capital, 8 SEPT
Automated teller machine... The Middle East is a meeting point for foreign investment capital
An American report described, on Thursday, sovereign wealth funds in the Middle East as an "automated teller machine" for those looking for funds for major investments, referring to the large amount of liquidity that these institutions possess.
The American newspaper, The Wall Street Journal, indicated that “large companies looking for capital have made these funds their destination, while the regimes of the countries of the region are seeking a greater role at the global level, and they can play a greater role, especially in light of the withdrawal of major Western financiers from many countries.” investments, especially with high interest rates
According to the newspaper, major mergers and acquisitions witnessed an increase in interest from major funds, the most recent of which was the purchase of the Abu Dhabi fund of the investment management company "Fortress" for more than two billion dollars, while the Saudi fund purchased the aviation unit of Standard Chartered by about $ 700 million.
According to the American newspaper, companies and funds supervised by the National Security Adviser in Abu Dhabi, Sheikh Tahnoun bin Zayed Al Nahyan, recently moved to buy Standard Chartered Bank and Lazard Investment Bank.
It concluded deals for a British health company worth more than $ 1.2 billion, in addition to acquiring part of a giant Colombian company working in the field of food products, the newspaper says.And the dominance of these funds in the acquisitions market appears, as the securities obligations of the Saudi Public Investment Fund increased to $ 56 billion in 2022, up from $ 33 billion in 2021, while the securities obligations of the Abu Dhabi Mubadala Fund doubled to $ 18 billion in 2022.
Peter Jaderstein, founder of the investment company "Good Advisor", likened what is happening in the Middle East to "the gold rush that occurred in the United States in previous years," according to what he told the newspaper.
The "Wall Street Journal" quoted investment fund managers as saying: "They often wait in front of their competitors in the waiting rooms of sovereign wealth funds."
They added that "Managers from Silicon Valley and New York are almost always present in the halls of the Four Seasons Hotel and other luxury hotels in Abu Dhabi."
The newspaper pointed out that the Riyadh conference, which will be held next month and is known as "Davos in the Desert", is likely to be a magnet for money hunters, unlike what happened about 5 years ago when it witnessed a wave of withdrawals by executives after the killing of journalist Jamal Khashoggi in his country's consulate.
Hundreds of CEOs and leaders of the financial sector are expected to arrive in Riyadh to attend the conference, in which Saudi Arabia is trying to highlight the kingdom's geopolitical strength, according to a previous report by Agence France-Presse.
An optimistic vision.. The demand for the dollar will decrease and it may disappear from the informal market, 8 SEPT
An optimistic vision.. The demand for the dollar will decrease and it may disappear from the informal market
"RV UPDATE" BY MNT GOAT, 8 SEPT
Mnt Goat
I believe there is nothing more for the CBI to do but to issue the lower denominations and them to watch for inflation over a period, as their plan states they will do, and if all goes well, they liberate their currency to the global markets as in FOREX. I thought we needed the Oil and Gas Law passed first? Yes, I still believe they do and we might have to wait for it.
But there is a chance that based on how fast the economy is growing they may just put that on the back burner and rethink it (remember that Dr Shababi in 2012-2013 did not have this law passed, yet he was moving forward). We must remember the past.
Iraq records the highest oil revenues since the start of 2023 which is also 2/3 more oil pumped than in 1991. The dinar rate in 1991 was over USD $3. So why is the currency still being under valued? Yes, it is important to get out of a “rentier economy” based solely on oil and this will also create yet more wealth. But what about right now...I am talking about today!
Doesn’t the oil wealth mean anything? Doesn’t the 113 billion in reserves and 132 tons of gold mean anything? Not to mention all the minerals and agricultural products being exported. So why still at 1/6 of a penny?
Some intel gurus want you to believe the “official” dinar rate is now set at 1130 and the CBI has not yet changed their site. This is not true, however I believe this is their next target rate and maybe the last rate change prior to moving ahead once again aggressively with the plan for the reinstatement. Seems this dollar issue has stalled their plan for now but they will overcome it as they always do but it takes time.
Regarding The Dollar.. America Continues With Blackmail, And The Central Bank’s Measures Are An Air In The Net!, 8 SEPT
Regarding The Dollar.. America Continues With Blackmail, And The Central Bank’s Measures Are An Air In The Net!
September 7 Information/Private..After several months have passed since the government and the Central Bank attempted to control the rise in dollar exchange rates, the gap between the official and parallel rates continues, given the plans that Washington is pushing in order to advance its own interests.
As for the government's and the Central Bank's measures, they are still merely notifications and decisions that do not provide satisfactory or satiating benefits, especially since they did not withstand the decisions of the United States of America, which push to create crises and not find solutions.
*Washington Control!
Speaking about this file, Member of the House of Representatives, Suhaila Al-Sultani, accuses the United States of controlling the file of dollar exchange rates in local markets until now, while she confirmed that the beneficiaries and speculators support the continuation of the current dollar crisis.
Al-Sultani said, in an interview with the Maalouma Agency, that “there are many parties that support destabilizing the economic situation in order to influence the work of the current government,” noting that “applying the budget in the ministries and governorates will not lead to a reduction in the dollar exchange rates in the local markets.” .
She continues, "America continues to control the file of dollar exchange rates in local markets until now," adding that "the United States of America controls the dollar bill in order to subject the Iraqi economy to the decisions and wills it wants to impose."
Regarding the internal factors of the dollar crisis, Al-Sultani asserts during her speech: “The beneficiaries and speculators support the continuation of the dollar crisis and the weakening of the value of the Iraqi dinar in order to achieve their personal goals.”
*A Real War!
In addition, a member of the House of Representatives, Thaer al-Jubouri, accuses the United States of America of waging a conspiratorial war to destroy Iraq’s economy, while he addressed a request to the Iraqi government regarding methods of dealing with Washington during diplomatic meetings.
Al-Jubouri said, in an interview with the Maalouma Agency, that “when the Iraqi government talks with the American side under diplomatic frameworks, it must keep in mind the standard of strength and try to obtain advanced modern technological techniques that benefit Iraq.”
He adds, "America is leading a policy of economic conspiracy during the current period to destroy the Iraqi currency and the exchange rate," stressing "the necessity of referring to this war and not abandoning it."
The member of the House of Representatives explains that “the government and the relevant ministries are required to deal as they can with America, and that the conversation be in a diplomatic manner par excellence,” pointing out that “Washington, despite its geographical distance from Baghdad, is trying to impose its complete control over all joints and its focus on... Important files such as economy and development.”
*Technical Procedures?
For his part, economic affairs researcher Muhammad Al-Saadi depends on controlling and controlling the dollar exchange rate in the parallel market by taking practical technical measures without resorting to methods of arrests or the use of force.
Al-Saadi told Al-Maalouma, “The responsible authorities are working to pursue speculators by applying the law against those who want to harm the Iraqi economy, as well as being a first step to ensuring the elimination of the differences between the official and parallel market.”
He adds, "There has become an urgent need to take decisions related to the technical and financial aspects, which would expand currency sales outlets and allow citizens to purchase in limited quantities without setting restrictions or preconditions."
He shows that "the problem of exchange rate and high prices is often suffered by the citizen before the merchant, as merchants began to head to the official platform to obtain the dollar, while the citizen still suffers in obtaining the dollar, especially since some citizens go to car sales showrooms and face difficulty in purchasing with the dollar currency." .
During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets. LINK
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...