"STATUS OF VIETNAM" BY DINAR IRAQ AND DONG VIETNAM, 18 NOV

STATUS OF VIETNAM

The reason deposit interest rates hit rock bottom is that people still deposit money in banks

Only 3 banks pay the highest interest rate at 6,2%/year

Last week, many large banks continued to maintain and reduce savings interest rates.

Currently, 12-month terms at many major banks are below 6%/year, the lowest in many years.

The highest 12-month term interest rate was recorded at PVcomBank, NCB, Sacombank, at 6,2%/year.

Vietcombank earlier this week just reduced another 0,2%, to 5,1%/year for terms of 12 months or more, the remaining 3 banks are Agribank, VietinBank, and BIDV still holding the highest deposit interest rates. is 5,3%/year for long terms over 12 months, for terms over 6 to under 12 months, deposit interest rate is 4,3%/year, for terms from 1 to under 6 months is 3-3,3 %/year.

According to statistics from the beginning of October, there have been 10 banks reducing deposit interest rates including: PVCombank, VIB, Sacombank, VietBank, SCB, VPBank, SHB, BIDV, VietinBank, HDBank, BaoViet Bank, Techcombank, SeABank, Viet A Bank , PG Bank, Dong A Bank, Vietcombank, LPBank, Nam A Bank, CBBank, ACB, Bac A Bank, and NCB.

Among them, CBBank, VIB, Vietcombank, SHB, Dong A Bank, PG Bank, Nam A Bank, HDBank, LPBank, Viet A Bank are the banks that reduced interest rates twice this month.

VietBank and Bac A Bank reduced interest rates for the third time this month.

Mobilization interest rates in the market have continuously decreased over the past few months in the context of the banking system having "a surplus of money" due to gloomy credit growth.

What do depositors do when interest rates hit rock bottom?

According to statistics from the State Bank as of August 8.2023, the amount of people's deposits into the banking system still increased to a record high.

People's savings deposited in banks reached the highest level ever with 6,43 million billion VND.

This is the 13th consecutive month that people's deposits into banks increased.

Notably, businesses also increased their deposits into banks again with an additional 103.501 billion VND in deposits in August. In July, the amount of deposits from economic organizations into the banking system decreased by more than 8 billion VND compared to June.

By the end of August, deposits from economic organizations reached 8 million billion VND.

The reason why people and businesses choose savings channels is because of their stable and safe nature, while other investment channels, although attractive, have many risks.

Sharing with a reporter from Lao Dong Newspaper, Viet Thang (born in 1996, Hanoi) saves 10 million VND every month.

This has been Thang's regular habit for many years.

Thang shared that because he had recently heard and read a lot of positive news, Thang did not want to choose any investment channel other than savings.

Furthermore, Thang's previous deposits still enjoyed high interest rates.

Talking with Lao Dong, Associate Professor. Dr. Dinh Trong Thinh - senior lecturer at the Academy of Finance - said that if banks simultaneously reduce interest rates to the bottom, whether money will flow into other investment channels such as stocks, gold or real estate depends on depends on investor psychology.

If they like to take risks, the cash flow will be withdrawn and put into other investment channels to seek higher profits.

Associate Professor, Dr. Dinh Trong Thinh analyzed that, in the current context, stocks are still an attractive investment channel.

This market is showing signs of improvement, but investing in stocks can be risky if you do not research carefully and have market analysis skills.

Meanwhile, investment channels such as gold, real estate... are still unstable, with no bright spots.

Some real estate prices are lower than before, but buyers now may not want to borrow money from banks.

Gold has increased and decreased erratically over the past time, making buyers hesitant.

Therefore, the current cash flow is mainly waiting to find investment opportunities.

“With its stable nature and low risk, bank savings is a form preferred by many Vietnamese people.

The fear of losing money is still high, so even though the interest rate is low, they still accept it" - Mr. Thinh commented.

https://www.facebook.com/profile.php?id=100064727316650 

Al-Barti: The political document included passing the oil and gas law, and the movement is going in this direction, 18 NOV

 Al-Barti: The political document included passing the oil and gas law, and the movement is going in this direction

Al-Barti - The political document included passing the oil and gas law and the movement is going in this directionInformation / Baghdad..

The representative of the Kurdistan Democratic Party, Sherif Suleiman, confirmed today, Friday, that the political movement is underway towards passing the oil and gas law during the next short period, pointing out that the political document gave priority in the laws to the oil and gas law in order to ensure the fair distribution of wealth among the governorates.

Suleiman told Al-Maalouma, “The oil and gas law is one of the most important laws in state administration, and it has been obstructed and postponed for many years as a result of the lack of agreement and consensus on it between the various political forces and parties.”

He added, “The oil and gas law will see the light in the coming period, which may be during the next legislative term of Parliament, especially since the political document has emphasized the importance of this law and placed its passage among the priorities.”

He stated that “there is a government intention to pass the aforementioned law within Parliament, but it will not pass easily and will require a lot of time and discussions within the corridors of Parliament before voting on it proceeds.”

almaalomah.me

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 18 NOV

 Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Television is talking to us all day about the government taking measures to address the exchange rate and the parallel market but they can’t change the rate.  They say only the CBI.What’s going on?  Why don’t the CBI help?

FRANK: Calm down, calm down…As far as parliament saying whatever they are saying…who cares.  Their voice is an echo in the abyss of darkness.

Question:
“Has anything changed in regards to Iraq satellite banks exchanging dinars for US citizens?”

No.  They will follow American banking laws.  They won’t do anything different than any American bank is doing in American territory.  

You want to know the exchange rate of the BRICS because maybe, maybe the Iraqi dinar will be 1 to 1 with a basket of BRICS.  Maybe…one clue.  It’s an RI not and RV.  

Evening News with MarkZ. 11/17/2023

Friday Evening 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

Member: Good evening Patriot visionaries and Dinar faithful

Member: Welcome to another weekend

Member: Fingers crossed Mark has good news tonight. 

Member: I watched Patriot Rod Steel and he said it's definitely supposed to happen ASAP. maybe this weekend. But before Dec 1st.

MZ: We certainly expect it to go by Dec 1st. 

MZ: The latest chatter I am getting from Iraqi sources is the last 3 paragraphs of the HCL have been 100% completed. And the World Trade Organization Iraq ascension is expected within days. They are feeling very confident with their Dec 1st goal. 

MZ: A number of my sources are still saying before Thanksgiving. It looks really good. 

MZ: With disclosure and banking issues hitting today ….Next week could be rough without a reset. 

Member: Bruce's big call sounds like it starting this weekend

MZ: “BRICS: ING bank predicts future of the US dollar”  They think 2024 are a year where currencies and the rest of the world can breathe again after being dominated by the strong dollar trend for so long. What the world said BRICS could not do in 10 years-they have done in less than a year….Amazing. 

MZ: “BRICS : Russian currency out performs the Us dollar despite sanctions”  The US ramped up sanctions against Russia again last month and guess what?   The ruble has gained 12% on top of the US dollar. Bam…..It’s all about the asset backing!!!

Member:  BRICS  is the tool over riding the great reset.

MZ: “Euro Banks face cyber meltdown”  The Euro zone banks are losing money and its spiking. 

MZ: “Wells Fargo axes another 13 branches in a single week as a host of banks shut down vital services. Is yours on the chopping block?” 

MZ: From Rueters: “Citigroup employees expect management reshuffle –layoffs on Monday-sources”  They are losing money. The bill is coming due. 

Member: Bank of Japan collapse?

MZ: Yes and it is expected to hit the fan by Monday morning. 

Member: Mark, I remember 5 years ago you said: "They can do this this the easy way, or they can do this the hard way." They obviously choose the latter but boy does this feel close for a pleasant change!

Member: Militia Man going to drop a video tonight…

Member: Stay positive….Remember Thoughts become things ……

GOOD NIGHT MARK, MODS, AND FAMILY!! SEE YOU TOMORROW MORNING AT 9:45 AM EST FOR ANOTHER GREAT PODCAST!!

THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARK’S OPINION ONLY.

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 NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 9:45 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

WTO = New Rate, Confirmed!?💣RI = Back in Forex?!🤔Iraq Dinar RV Updates |...

The size of debt and banking crises, 18 NOV

 The size of debt and banking crises

Yasser Al-Metwally
 
The size of the global gross domestic product exceeds the $100 trillion mark, according to estimates by global financial institutions. 
 
In contrast, the size of public debt exceeds or is equivalent to three times the size of the global economy, and here lies the danger.
 
Among the risks of public debt is the global financial crises that countries of the world go through at different time periods, and 
 
their effects are greatly reflected in the countries’ economies, even in varying proportions, according to the strength of each country’s economy, which is measured by the size of each country’s domestic product and the extent of each country’s ability to bear the burdens. 
 
These crises, and I mean financial crises, therefore their risks cannot be underestimated.
 
According to the above, the basic rule for financing in financial crises is to adopt the interest rate imposed and controlled by central banks in accordance with their plans to address impermissible inflation with the aim of avoiding the collapse of the value of their currencies and achieving market balance.
 
At the peak of the economic contraction phase within the economic cycle that the world's economies periodically go through, central banks reduce interest rates with the aim of providing financial leverage capable of reviving their countries' economies, thus providing financial abundance to meet market needs. 
 
This method followed by central banks is called (monetary easing).
 
Here, banks are encouraged, as a result of lowering interest rates, to raise the ceiling on their credit to the public and expand their acceptance of deposits at low interest rates. 
 
This encourages borrowers to raise consumption, so demand increases and supply for goods and services decreases, prompting an increase in prices, which is one of the most important indicators of impermissible inflation.
 
Central banks are forced to address this phenomenon, I mean inflation, by raising the interest rate, which is called a policy
 
(Monetary tightening) 
 
This measure, in turn, prompts depositors to withdraw their deposits from banks to benefit from the interest difference. 
 
This causes the banks to lose, and they are forced to sell their bonds and sometimes their assets to meet the binding demands of depositors. 
 
This is the main reason for the collapse of many banks in the world, 
 
but some countries protect them from collapse through emergency lending support, and 
 
this is what happened with a number of American banks recently.
 
From here we discover the extent of the damage and the painful effects of debts and their risks on banks. 
 
This is because deposits in banks are like debts to the account of depositors who make a single donation to withdraw their deposits due to raising the interest rate, as well as in financial crises and when the exchange rate fluctuates in fragile economies. 
 
Economists attribute the reason for the collapse of banks to the fact that they engage in debt trading and not capital development, and this phenomenon is mostly diagnosed in commercial banks.
 
It is clear from the above that Islamic banks develop capital through the process of sharing profits and losses, 
 
so the effects of crises on them are lighter and less, and 
 
their resistance to staying in the market is higher. This analysis applies in many developed countries.
 
Perhaps one of the reasons for the collapse of banks is the failure to enact sufficient legislation to protect the banking system, and banks do not have the ability to manage risks and service debt.
 
In Iraq, the situation is different, as 
 
there is a need to reconsider the Banking Law No. 94 of 2004, given that nearly two decades have passed since a bitter experience that needs a legal amendment that is in the interest of protecting the banking sector, especially the rights of the minority and the rights of depositors. 
 
Although there are preventive measures in the banking law, such as guardianship and bank lending, the applications and rescue packages are still really weak. 
 
Therefore, our call to reconsider the banking law has become urgent. 
 
https://alsabaah.iq/87154-.html

"Financial Processors ", 18 NOV

Financial Processors 

 Economic 11/15/2023  Muhammad Sharif Abu Maysam   The basis for the existence of a speculative market at the exchange rate is the increased demand for the dollar to finance foreign trade due to the insufficient local production of goods to cover the minimum local need,

so that importing is the only way to meet the increasing demand due to the high rate of per capita income in light of an unprecedented consumption pattern.

In addition to what has resulted and is being produced by the stifling blockade imposed by the United States on neighboring Syria and Iran, of an increasing demand for the dollar in the Iraqi market by the merchants of these two countries.

in addition to what is resulting from the phase of adaptation to the introduction of technologies and automation of processes in financial and banking work, and the resulting confusions.

Pressured by the requirements of the US Federal Reserve and the US Treasury Department, which turned into practical obligations regarding the use of electronic platforms and systems in exchanges and trades, and

thus the requirement to leave traditional work methods, with the aim of establishing an investment environment that suits the movement of globalization capital, and in which the banking system is at the level of the global banking industry.

Accordingly, addressing the structural imbalances in the local market is a priority for any objective treatment with the aim of creating a balance between the local demand for goods and the ability of the productive sectors to respond,

which contributes to putting an end to imports and reliance on local production in order to preserve monetary stability and stop the bleeding of hard currency under the pretext of financing foreign trade.

On the one hand, on the other hand, confronting the illegal demand for hard currency in local markets and limiting its smuggling by merchants in some neighboring countries, in addition to the need for those who refuse to deal with electronic payment methods from local merchants, “as in cases of tax evasion and other things,” will gradually recede with the entry into force. Technologies and means of electronic payment in all cases of electronic exchanges and trades in the financial system,

starting with the applications and practices of the tax system and customs tariffs, passing through exchange methods, all the way to the existence of a parallel market for exchange rates capable of financing its exchanges without relying on a single source.

While the state of harmony and cooperation between local governments and the central government will contribute to putting an end to cases of currency smuggling whenever these authorities are able to address the weaknesses and imbalances resulting from the accumulations of previous years, which witnessed an extension of the open import policies and market chaos.https://alsabaah.iq/87321-.html