BRICS New Development Bank Prepares to Release Bonds in Local Currencies, 15 JAN

 BRICS New Development Bank Prepares to Release Bonds in Local Currencies, 15 JAN

TEHRAN, Jan. 14 (MNA) – BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.

The BRICS bank, known as the New Development Bank (NDB), will soon release the bonds called ‘Maharaja Bonds’ worth $28 billion, IRNA reported on Sunday citing a press release by Watcher Guru, a website introducing itself as a leading source for finance focusing on cryptocurrency.

Watcher Guru did not specify the exact date the bonds will be released but said that NDB Chief Operating Officer Vladimir Kazbekov has announced that the bank is waiting for approvals from regulatory authorities.

The new bonds, according to the website, will be made available for governments, financial institutions, and regular investors.

They will be available for purchase in local currencies in an effort to strengthen them and to help boost their respective economies.

The plan to release the bonds is part of BRICS’s initiatives for de-dollarization as the alliance is moving ahead to reduce dependency on the American currency in an effort to reform the global economy.

BRICS is comprised of Brazil, China, Russia, India, and South Africa as well as six new members namely Iran, Saudi Arabia, the UAE, Egypt, Argentina, and Ethiopia.

BRICS leaders, at their latest summit in late 2023, pledged to promote the use of local currencies as a way to ditch the US dollar, as they unanimously rejected exploiting the global economy for political purposes.

MP/IRN

Source: Mehr News Agency

"RV UPDATE" BY FRANK26, 15 JAN

 Frank26 

 I don't think they're waiting for much of anything right now.  They're moving fast.  They're moving quickly in every aspect of the monetary reform.  The next step is to show the lower denoms...new exchange rate and to allow it to float on an international platform...These are not subjects we are proposing to you, these are subjects that are in the articles themselves...  

Question:  "Once the black [market] rate gets close to the official rate of 1320 will the CBI wait for a while to move to 1000 to be sure it's stable or will it quickly make the next move to 1000?" 

 Our desire is to see another exchange rate movement which would be somewhere between let's say 1,200 or 1,000 to 1.  We believe that's what will happen next.  But I don't think we'll get to see it because of the speed things are happening right now...

You are involved in this dinar investment.  The next step is the most crucial.  It's the most  dangerous for you...I'm concerned for you...I wish you well.  I've already prepared you.  I've already told you what to do...

 Question:  " Is the US government placing a hold on the currency revaluation to keep people from becoming wealthy?"

  No, our government has nothing to do with the monetary reform of the Central Bank of Iraq...We did everything possible to make them modern and they are.  But can we tell them, Okay go ahead do it now?  

 No.  It is strictly their prerogative.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-frank26-14-jan.html

The lower denoms to me is the most top secret subject of the monetary reform of Iraq.  The lower denoms and the new exchange rate that they have selected through the RV process.  That to me is the most critical piece of information to release and that should be released in the last seconds of the monetary reform.

Question: "Do you feel the dong will go with the dinar?" 

 I believe the dong is still a little bit behind the race of the monetary reform.  I believe Vietnam has a lot of issues with China.  I believe Vietnam ...dong has great potential...But unfortunately it is being shackled ...retarded ...abused by the banking policies that China continues to use...

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-frank26-13-jan_01013428094.html

Breaking News Iraqi Prime Minister and Central Bank Governor Attend Davo...

Iraq plans to stop international borrowing this year, 15 JAN

   Iraq plans to stop international borrowing this year

 Mawazine News-Baghdad
Advisor to the Prime Minister for Technical Affairs, Engineer Muhammad Al-Daraji, Chairman of the Committee to Review Foreign Foreign Loans to Iraq, revealed that the government is seeking to stop loans that do not benefit the country.

Al-Daraji said, in a statement to the newspaper (Al-Sabah) followed by / Mawazine News / "Iraq entered after 2003 a new wave of foreign loans and debts due to low oil prices and insufficient budget in most cases."

He added that "there was clear confusion and differences in estimating the size of Iraq's new foreign debt due to the existence of other debts before 2003," noting that "the new debts must have a clear picture of them in order to take appropriate measures in dealing with them in order to preserve the country's economy and its credit rank globally."

Al-Daraji explained that "loans are distributed between ministries and provinces in exchange for projects, and the task of the committee, which formed the inventory of loans and find out what projects, ministries or provinces benefited from them and what is their condition," noting that "debts entail interest that burdens Iraq and must be liquidated and reach final results in knowing the size of debts and how to repay them and their value for the economy."

The Prime Minister's Advisor for Technical Affairs said that "these debts may have been taken for certain reasons, but there is no added value to the Iraqi economy, which makes us study the debts again and proceed with the implementation of the projects for which the debt was borrowed, and if they are useless, they must be stopped and the debts returned to improve Iraq's financial situation internationally."

It is noteworthy that foreign foreign loans to Iraq are estimated at $ 25 billion, and the formation of this committee comes after those loans burdened the country during the past twenty years.

"RV UPDATE" BY SHEILA DAKKAR (ENGLISH & SPANISH), 15 JAN

Monday January 15, 2024

Sheila Dakkar: Says

IRAQ

— Hernán in Baghdad IRAQ, there is a lot of fervor in the streets of Baghdad with the hope that they will give the green light to our DINAR currency today, Monday, January 15 or Tuesday, January 16, 2024, to enter internationally and Forex and thus revalue.

—The Prime Minister of our country

Mohamed Shia al Sudani, who is in DAVOS Switzerland, emphasized its REVALUATION in our currency.

Greetings

Hernán Robert Hbravo

-----

TRANSLATION IN SPANISH: 

 Lunes 15 Enero 2024

Sheila Dakkar : Dice

IRAK

— Hernán en Bagdad IRAK, hay mucho fervor en las calles de Bagdad con la esperanza que den la luz verde a nuestra moneda DINAR hoy Lunes 15 o Martes 16 de Enero 2024, para ingresar internacionalmente y Forex y así revaluar.

— El primer ministro de nuestro país

Mohamed Shia al Sudani, que se encuentra en DAVOS Suiza, enfatizó en nuestra moneda su REVALUACION.

Saludos

Hernán Robert Hbravo

🔥Iraqi Dinar🔥Thats the Plan🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

Al-Sudani reaffirms the need to end the tasks of the international coalition in Iraq, 15 JAN

 Al-Sudani reaffirms the need to end the tasks of the international coalition in Iraq

Information/Baghdad.Prime Minister Mohammed Shia Al-Sudani on Monday reiterated Iraq's vision on ending the mission of the international coalition to fight ISIS.

A statement by the Sudanese office received by Al-Maalouma said that he "received, the Dutch ambassador to Iraq, Hans Sande, and during the meeting they reviewed bilateral relations between the two countries and ways to enhance them."During the meeting, he pointed to Iraq's openness to all forms of partnership and joint work in various fields, in particular the activation of the Joint Water Council between the two countries, in addition to the importance of the Netherlands assuming the leadership of the NATO mission in Iraq in mid-May.

According to the statement, Al-Sudani renewed "Iraq's vision on the mission of the international coalition to fight ISIS, in the next stage, which must include joint technical work to end this mission, and move to the levels of bilateral security and military cooperation .

For his part, the ambassador handed over, during the meeting, an official invitation to Dutch Prime Minister Mark Rutte to visit the Netherlands in order to discuss more partnership opportunities between the two countries, and to convey his government's desire to increase levels of cooperation, Pointing to the positive relations between the Netherlands and Iraq, as well as the desire of Dutch companies to work within Iraqi development programs and infrastructure reconstruction.