[via WiserNow] [the ISO 200 2022 allows for all currencies to be exchanged - And to be trading, to take place using multiple currencies as payments for trade international trade.] ...the ISO 200 2022...is to be fully implemented...and fully activated ...by midnight, Sunday night...We could probably expect the Iraqi dinars international rates to be out in that time window...and we're hearing supposed to be printed in the Gazette...
Saturday is their normal print day...HCL law is also supposed to be mentioned they brought up printed in the Gazette to...So that should be in there as well...I think it's really important to understand – this thing is good to go – and ready to go and should go...So let’s just see what happens...
Sandy Ingram
Article: "Good News for Investors: US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"
Vietnam was not included on the US Treasury Department currency manipulators list this time. The list comes out twice a year and includes countries that may have surpassed the value of their currency. When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...
On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...
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.
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.”
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.
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!!
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