Thursday, December 7, 2023
"RV UPDATE" BY KAPERONI & NADER FROM MID EAST, 8 DEC
Kaperoni
They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand. All of these processes and or steps required time.
Nader From The Mid East
Question "Can you talk about the steps involved in cashing in dinars?" When exchange time comes we're going to have to go to three things - Redemption center, 1-800# or the army base. :)
[Nader is clearly joking about these three things]...People are telling them that. That's wrong. The only thing you can do to change your money, walk to your bank, if they accept it, or go through exchange offices. There's no redemption centers, no army bases, there is no 1-800#s, nothing that way. [NOTE: Gurus disagree on the potential exchange procedures. Stay tuned to Dinar Guru as this important subject unfolds and become clear.]
Iraq Affirms Support for OPEC+ Agreement, Aims to Stabilize Global Oil Market, 8 DEC
Iraq Affirms Support for OPEC+ Agreement, Aims to Stabilize Global Oil Market
Renewing its commitment to the OPEC+ agreement, Iraq continues to support the collective strategy of regulating oil output to maintain balance and stability in the global oil market. The commitment comes as a voluntary contribution to managing the supply and demand dynamics of the oil market, control the fluctuation of global oil prices, and ensure the benefit of both producers and consumers internationally.
Iraq’s Continued Support for the OPEC+ Agreement
Iraq’s Oil Minister, Hayan Abdel-Ghani, affirmed the country’s dedication to the OPEC+ agreement and its commitment to voluntary oil production cuts. This declaration, as reported by the Iraqi state news agency (INA), is part of Iraq’s concerted efforts to achieve oil market balance and stability. The OPEC+ agreement, an alliance of oil-producing nations, aims to regulate oil output to manage market dynamics and influence global oil prices.
The Impact on Global Oil Market
As oil prices regained some ground after a six-month low, concerns remain about sluggish demand and economic slowdowns in the US and China. By renewing its commitment to the OPEC+ agreement, Iraq demonstrates its dedication to cooperative strategies designed to maintain market equilibrium and prevent excessive volatility. This initiative is a testament to Iraq’s role as a responsible member of the global energy community, willing to adjust its oil production in line with agreed-upon international strategies for the broader economic environment’s benefit.
Looking Forward
With this renewed commitment, Iraq continues to fortify its position in the global oil market. It underpins the importance of cooperative strategies and collective efforts to mitigate the impacts of economic slowdowns and maintain stability in the oil market. As the world navigates economic uncertainties, Iraq’s support for the OPEC+ agreement is a beacon of dedication to the broader economic environment and the global energy community.
Russia and Vietnam Quadruple Trade Settlements in National Currencies, 7 DEC
Russia and Vietnam Quadruple Trade Settlements in National Currencies
Trade settlements between Russia and Vietnam, conducted in their respective national currencies, the ruble and the dong, have seen an unprecedented increase in 2023, quadrupling in volume. This significant leap was revealed by Olga Basha, the head of international settlements at VTB bank, who shared this information ahead of the Russia Calling 2023 investment forum.
Rise of National Currencies in Trade Settlements
The shift towards national currencies for cross-border trade, moving away from the dominant US dollar, commenced in 2022. This global trend intensified particularly after sanctions related to the conflict in Ukraine led to Russia being disconnected from Western financial systems and the freezing of its foreign reserves.
VTB Bank: Facilitating Ruble-Dong Transactions
VTB, Russia’s second-largest bank, plays a pivotal role in these burgeoning trade settlements, acting as a market maker in Vietnam. Payments for the ruble-dong currency pair are being processed through a joint bank, indicating a shift towards greater financial independence and interdependence between the two countries.
From China to India: A Global Trend
This trend is not confined to Russia and Vietnam. VTB Bank has also noted an increase in the use of national currencies for transactions across its international subsidiaries and branches. Operations in India and China, as well as throughout the Commonwealth of Independent States, are increasingly turning to national currencies, reinforcing this shift away from the US dollar in cross-border trade.
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 7 DEC
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: TV is showing the IMF and the World Bank talking about Iraq and then the IMF kind of started talking bad about us...Iraq. Criticizing. Out of no where the World Bank stands up and says, 'Get off their backs. There is a plan in place and expect imports to bust wide open because soon as the dinar revalues...' 'YES the World Bank said this. The World Bank is saying the dinar revaluation will cause us to buy more imports because we have more purchasing power. They're telling us this!
FRANK: It's no longer a secret...My goodness...this is straight from the horses mouth...This is basically an announcement...evidence. He said it.
FIREFLY: TV says we are moving towards monetary sovereignty.
FRANK: The reason they tell you this is because it’s moving towards a monetary sovereign national currency that will replace the 3-zero notes that are worthless and also replace the American dollar…They’re not hiding anything. It’s not a secret. Everything is out in the open…
You are now standing on the grounds of the RD and you’re soon to walk into the float. These are the steps. This is the journey you’ve taken whether your recognize it and understand it or not. The monetary reform is moving forward beautifully.
Article:
“The President of the Republic: There is no dollar crisis in Iraq”
OF COURSE NOT… THERE’S A NEW NATIONAL CURRENCY & A NEW EXCHANGE RATE COMING… AND EVERYONE KNOWS IT.
Iraq committed to voluntary reduction in oil production, Minister says, 7 DEC
Iraq committed to voluntary reduction in oil production, Minister says, 7 DEC
Shafaq News / Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, announced on Thursday Iraq's complete endorsement of the OPEC+ group's agreement and decisions made last month regarding production cuts.
Abdul Ghani, presiding over a meeting at the Iraqi Oil Marketing Company (SOMO), stated according to a statement that Iraq is committed to a voluntary additional reduction in oil production of up to 220,000 barrels per day, effective from the 1st of January 2024 until the 31st of March 2024.
He affirmed, "Iraq's decision aligns with joint efforts to achieve equilibrium and stability in the oil markets. According to the reduction program, Iraq will decrease its production to four million barrels per day during the specified period."
He also expressed appreciation for the precautionary measures taken by the OPEC+ group to preserve the balance and stability of the oil market.
On his part, the Director General of SOMO, Ammar al-Ankabi, confirmed, "Iraq, being the second-largest crude oil producer in the OPEC organization, will remain supportive of the organization and its allies, in line with the declared cooperation with OPEC+, in accordance with developments in the oil market."
"The OPEC+ agreement and the voluntary reduction decisions by producing countries within OPEC and outside it aim to address challenges and changes in the oil market, minimizing their impact on its stability", he added.
https://shafaq.com/en/Economy/Iraq-committed-to-voluntary-reduction-in-oil-production-Minister-says
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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...