Monday, January 15, 2024
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
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
-
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...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...