Russia and Iran step up de-dollarization drive with pact to shun the greenback in bilateral trade, report says
Russia and Iran have reportedly agreed to avoid the dollar in bilateral trade and use their own currencies instead.
The move is seen as part of the de-dollarization trend among nations to shift away from using the greenback in trade and investment.
Russia and Iran, both facing US economic sanctions, have been stepping up their cooperation.
Russia and Iran have entered into an agreement to avoid using the dollar in bilateral trade, relying instead on their own currencies, a new report says.
Several states are beginning to construct gold and silver depositories across the United States.
This growing option for holding your money in precious Metals and utilizing it through the use of a debit card of some type is a growing trend that is rapidly progressing.
“Oklahoma Bill seeks to create gold and silver depository | KFOR.comOklahoma City”
The Sudanese Advisor Details The Types Of Loans.. What About The Repayment Mechanism?
Economy News – Baghdad Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed the types of loans granted to citizens and companies, while explaining the repayment mechanism for each loan.
Saleh told the official agency, followed by Al-Eqtisad News, that “a loan is an amount of money borrowed by an individual or company from banks or financial institutions, in order to manage planned events financially, and thus the borrower bears a debt and must repay it with interest within a certain period of time.”. He pointed out that "banking applications appear within the scope of granting loans.
The subject of the so-called (term loan) is a cash loan that is usually repaid in regular payments over a specific period of time.
Loans usually last between one and ten years, but they may continue for a period of time." Up to 30 years in some countries. He added, "The term loan usually includes an unfixed interest rate (also known as floating), which may add an additional balance to be repaid," noting that
"economic life includes financial deficit units willing to invest that borrow from surplus units, who are the depositors in return." Interest paid by the borrower to finance an investment project or a specific economic activity in the fields of housing, industry, trade, agriculture, or services.
This is what is called bank credit, which is the essence of the banking process.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- 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 Morning all…..What a happy day when the RV happens.
Member: Mark I am hearing dinar $3.81 and dong .47….is that what you are hearing?
MZ: That’s not what I am hearing but I would be ok with it. That would still be fantastic. But I am hearing higher rates than that.
Member: Do you think the RV trigger will be pulled very soon ? Is there anything positive?
MZ: There are some group leaders and bond folks with expectations that are high….I am trying to get proof whether money has actually moved or not. Until I vet the rumors to find out if money has moved it doesn’t do anybody any good.
Member: Yes we need some proof.
MZ: MilitiaMan and crew did do an excellent one last night. There is hard, real traceable action coming out of the Iraqi government while they are working on the monetary reforms. Be sure to go listen to it.
MZ: Iraqs stock market is up 90% in valuation based on the US dollar….. and they continuously talk about the exchange rate and what their market is going to look like after a change in the exchange rate. They are telling us its coming and that they will address it in their first parliamentary session. And that session has just started. Positive stuff.
Member: Is there anything I need to do to get ready for the next financial system?
MZ: There is not anything you need to do to get ready. I was told the QFS will integrate with the legacy banking ..so don’t worry.
Member: Mark, will we know the Rates when we go into our Appointment? OR, does each Bank give you a different Rate?
Member: We may have to find that out at our appointment
Member: Rumors: Several Dinar sites claim low denomination Dinars in ATM's
Member: Mark, what are your thoughts on our military not leaving Iraq? I’m hearing that new companies would prefer US Military presence while doing major construction?
Member: Not sure-but maybe they are trying to squash the news about Military leaving not until Iraq pays them.
MZ: “Central Banks go for gold in a bold move to safeguard dollar” Moreso to safeguard themselves from the collapsing dollar ….374 tons just in 2023 in gold to the central banks.
Member: Wish we knew the date….would make waiting more bearable. .
Member: Rule of Thumb - If given a definite date for RV - assume misdirection
Member: It's obvious at this point that the DS is successful in kickin' the can for as long as they wish. Too much "tomorrow, tomorrow" as people suffer and die; that's the reality of it.
Member: I pray there really are white hats helping save the world.
Member: I think white hats are like leprechauns. We’d like to think they exist and they will bring us good fortune, but they are really a myth
Member: Hang in there everyone……I believe things will happen suddenly….and the best is yet to come.
Member: Keep your thoughts positive… This week best new moon, very lucky. Hits tomorrow so feeling positive!
Member: Thanks Mark and mods…..everyone have a great day
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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.
The next step in the monetary reform investment that you're involved in will be the most difficult step. It wasn't difficult to decide to buy the currency. It wasn't difficult to put it in a safe all these years and wait. Well I guess it was a little difficult. But you're now at the point where you have to make decisions with what you have...You will be attacked ...You all need to take this a little bit more serious.
on the 15th is when the CBI said the dinar would go international. IMO it already did on January 1, 2024. On the 15th I think it's when they make it official on the boards. That would be good because then it's going to be used in markets. It's going to be used to buy, sell trade. It's going to develop trust, security, stability, value and that's not even the basket...!
The electronic platforms are being established through Visa and MasterCard for the citizens of Iraq in order to be able to transfer money in and out of their country because the float is about to start. The dollar is going down and the dinar is going up. Today you saw a third change 135,000 to 100 USD. It's going in the right direction and it's moving fast...
To Strengthen Monetary Sovereignty In Iraq... Chaos In Currency Markets And Accusations Of Manipulation
09/01/2024 352 views Local markets in Iraq are witnessing a state of turmoil as a result of measures to strengthen monetary sovereignty, as dealing in the dollar is abandoned and the Iraqi dinar is adopted in daily financial transactions, as a large difference appears between the official and parallel prices, which raises tension in the markets.
In this context, a member of the Parliamentary Economics Committee in Iraq, Soran Omar, accused influential parties of being behind the manipulation of the exchange rate. He pointed out that the government was unable to radically control the exchange rate, and that the measures taken to reduce it are still having limited impact.
He added that the ongoing smuggling and money laundering through some banks and money changers is working to complicate the situation, noting the continuation of the Central Bank’s measures in this context. https://www.nrttv.com/ar/detail3/21561