[via PDK] There is a lot of good news coming out of Iraq… Lots of good group chatter...There is all kinds of exciting rumors.
“Sudani: We are proceeding in the wheel of reconstruction and construction despite the challenges facing us” Sudani says they are meeting and fulfilling their promises to the Iraqi people. Part of the wheel of reconstruction is the Monetary reform and the White Papers and making the dinar stronger and more valuable.
The news continues to be great…Things look great and I’m not hearing anything negative...We just have to wait and see what is real …We are getting so many things thrown at us…we don’t know yet what is accurate... Most groups are looking for over the weekend or first of next week…let’s see what happens
”Here is a great article written last August..”The Kuwaiti Dinar: A closer look at the world’s strongest currency” this talks about the history of the Kuwait dinar and why it is so valued…They have many of the same things going for it that Iraq now has. What does that tell us? The Iraqi dinar should be worth the same or higher…imo
It is anticipated that there will be significant changes in the scale of the banking sector's charter capital this year.
HÀ NỘI — It is anticipated that there will be significant changes in the scale of the banking sector's charter capital this year as several joint-stock commercial banks have announced their plans to raise capital.
In a recently issued official dispatch, the State Bank of Vietnam (SBV) has granted approval to a number of banks to increase their charter capital through various methods, such as issuing shares for dividend distribution, conducting private placements and issuing shares to foreign strategic investors.
The banks include Liên Việt Post Joint Stock Commercial Bank (LPBank), National Citizen Commercial Joint Stock Bank (NCB) and SaigonBank.
NCB on January 2 said that the SBV allowed it to increase its charter capital to over VNĐ11.8 trillion (US$484.5 million). The lender will issue 620 million shares at VNĐ10,000 per share, bringing its charter capital from VNĐ5.6 trillion to VNĐ11.8 trillion.
The increase is to supplement capital for business activities and strengthen the bank's financial capacity.
The plan will be implemented after being approved by the State Securities Commission (SSC), expected in the second quarter of 2024. The transfer of these shares is restricted within one year from the date of completing the offering.
Similarly, LPBank was approved to increase its charter capital from nearly VNĐ20.6 trillion to VNĐ25.6 trillion.
Previously, the bank had already been granted permission to raise its charter capital by a maximum of nearly VNĐ11.4 trillion, as approved at the 2023 Annual General Meeting of Shareholders. Accordingly, it released over 328.5 million shares for dividend distribution at a rate of 19 per cent and also issued additional shares to existing shareholders with a total value of VNĐ5 trillion.
With the increased charter capital, LPBank continues to rank among the top private joint-stock commercial banks with the largest charter capital in the banking system.
In late December 2023, SaigonBank also obtained approval to raise its charter capital by up to VNĐ308 billion through a share issuance aimed at paying dividends to existing shareholders.
The bank's representative said that the increase in charter capital is essential for SaigonBank to enhance its financial strength and embrace technological advancements in line with industry trends.
On January 12, BacABank will finalise the list of shareholders receiving 2022's share dividends.
In particular, BacABank plans to issue more than 62.5 million shares to pay dividends at a rate of 7.5 per cent, meaning a shareholder owning 1,000 shares will receive 75 new shares. The number of fractional shares (if any) will be distributed to the bank union.
Charter capital plays a crucial role in measuring the Capital Adequacy Ratio (CAR) and determining the credit ratings of financial institutions. The CAR ratio is computed in accordance with Circular No. 41, which adopts internationally recognised Basel II standards and sets a minimum requirement of 8 per cent.
However, experts noted that despite the continuous plans of banks to increase their capital, especially in the fourth quarter of 2023, with numerous banks actively completing the necessary procedures to distribute shares to increase charter capital and provide additional resources, the Vietnamese banking system still faces capital constraints, with a significantly lower Capital Adequacy Ratio (CAR) compared to many other countries in the region.
In particular, several countries in the region have already implemented or partially adopted Basel III.
According to the latest data released by the SBV, as of May 2023, the total charter capital of the entire credit institution system reached more than VNĐ888.8 trillion, up 1.35 per cent from the end of 2022. — VNS LINK
Article: "With the exception of Iraq...the World Bank announces a rise in food sector inflation in the world" Quote "...the International Monetary Fund announced a decrease in the inflation rate in Iraq, which is expected to stabilize due to the policy of the Central Bank of Iraq and the impact resulting from raising the exchange rate of the Iraqi dinar..."
Article: "An Iraqi delegation heads to Washington within days, followed by a visit to Sudan" Quote: "Iraqi delegation will head to Washington within days, followed by a visit by Prime Minister Muhammad Shiaa Al-Sudani."
Article: "Selling an Iraqi currency dating back to the era of “King Ghazi” for 100 thousand pounds sterling" Quote: "A very rare Iraqi currency dating back to the royal era was sold in the country, today, Monday, at a fantastic price of 100,000 pounds sterling, or approximately 187 million Iraqi dinars."
Article: "Expectations that the decline in dollar prices will bring benefits to the Iraqi individual " Quote: "In order to reduce the price of the dollar in the local market, the Central Bank of Iraq specified, yesterday, Sunday, the entities covered by receiving their external transfers in cash in the dollar currency, starting from January 2, 2024."
Article: "A financial expert points out the reasons for the continuous decline in the dollar exchange rate" Quote: "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank ."
Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market” Quote “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with international banks for the first time.”
Article: " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules " Quote: " For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
Article: "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules" Quote: "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
Shafaq News / The President of the Kurdistan Region, Nechirvan Barzani, arrived on Saturday morning, in the capital Baghdad to participate in the official memorial service on the occasion of the day of the “Iraqi martyr” on the anniversary of the assassination of Ayatollah Mohammed Baqer Al-Hakim.
The President of the region will deliver a speech during the ceremony, which will be held this morning in the office of the leader of the Wisdom Current, Ammar Al-Hakim, in the presence of presidencies, government, parliamentary, and political agencies, representatives of diplomatic missions and international organizations.
And Muhammad Baqer, the son of Grand Ayatollah Mohsen Al-Hakim, the great Shiite religious authority. He is also the founder of the Supreme Council for the Islamic Revolution in Iraq, which is one of the Iraqi opposition forces that worked against the former Iraqi regime, one of the most prominent Shiite leaders in Iraq.
The late was born in 1939 in Najaf, and was assassinated on August 29, 2003 following the 2003 Najaf bombing after he exited the shrine of Imam Ali where he was giving the Friday prayer sermon. Dozens of people were killed in that bombing.
Kathleen Record It appears to me that the news is a flood now. I can’t even keep up with all of it. Tressy, what is this about the 10 day countdown put out by Scavino and mentioned by today’s X22 report?
The TREK with Theresa Griffith I didn’t hear that, but I just got an update and that lines up with the timeframe I was given for the roll out of NESARA benefits, including Debt Jubilee.
Kathleen Record You mean this weekend maybe January 7th?
The Saint Germain Trust kicked of on Christmas day. After New Year they were able to move forward with events tied to the prosperity programs. They did announce the USN publicly to select channels on Starlink. They did not want people to see it because they are not ready to educate people. It was announced through back channels. That announcement made it legal. And then they could go forward.
Now they are ready to go forward with a totally public announcement. One of delays we had recently was that NATO tried to take over the RV. The World Court is an arbitrary between the countries an they are doing a lot of legal work to make sure everything is in line with common law. So thats a big deal that people just don’t understand. Chance: We are only going to get one shot at this. All T’s crossed and I’s dotted. He will be smiling ear to ear when he finds out that all these BAR attorneys are dealt with. They are using the Admiralty court and it’s criminals as a weapon. Teresa: Really big meeting this week to go forward. Nothing left to do— Just refining that common law part. They, bankers and all, feel it (RV) is within a week of time now. It’s about to happen. Teresa: They did cut all the power in NYC – 62k without power.
