The Kuwaiti dinar is in the lead.. Learn about the 10 strongest currencies in the world during 2024
The Kuwaiti dinar ranked on the throne of currencies in the world for the year 2024, while the US dollar came in last place on the list of the 10 strongest global currencies.
The dinar of the Gulf state is divided into 1,000 smaller units known as (fils).
Contrary to popular belief, the highest currency is not necessarily the most widely traded or used in international transactions, according to specialized economic websites.
While the US dollar, British pound and euro are often associated with global power and trade, they do not hold the top spot in terms of value when exchanged for the Indian rupee.
n 2024, the Kuwaiti dinar will excel in terms of exchange rate, making it the most expensive currency in the world, as it is the currency with the highest exchange rate against the dollar, and every 1 Kuwaiti dinar is worth 3.25 dollars, followed by the Bahraini dinar, which is worth 2.65 dollars. link
The Non-Disclosure Agreement (NDA)is a fundamental process in ALL large commercial contracts. Remember that you are about to become an “ultra-high net worth individual” and your confidentiality agreement prohibits you from:
1. Talk about your date. 2. What you are exchanging. 3. What rates you achieved in any format.
❇The first short NDA would be signed and generated electronically by the Safe Link website from which we will obtain our T4B 800# to make our exchange and exchange appointments.
❇The second NDA would be signed in hard copy at the exchange and exchange appointment.
All calls and voicemails will be logged. All phone call logs will be logged. All text messages will be logged. Twitter will be monitored (if active). Facebook will be monitored (if active). All networks will be monitored social networks and forums. All devices will connect to the federal government systems and seek to cancel exchanges for anyone who violates the Non-Disclosure Agreement by discussing virtual reality exchanges, dating or exchanging her, etc.
These confidentiality agreements will last approximately 90 days (possibly longer). Certain words will not be allowed to be mentioned.
❇If you need to talk to friends, family, or anyone related to your specific projects, be sure to add them to your NDA Addendum/Waiver document.
Be careful not to send unnecessary messages or information that goes against the law.
These are legal agreements we are signing!
Avoid sharing confidential information with your friends and family. Even telling your children puts you at risk. Be very careful! Be careful of your surroundings. Anything you text, write, or say can be used against you because of your confidentiality agreement. Don’t risk it.
IF YOU VIOLATE THIS NDA, YOUR FUNDS WILL BE FROZEN AND CONFISCED.
This will come into effect as you complete the information on the Safelink website.
❇There are some mechanisms within the Safelink website that require you to agree to an NDA before receiving the 800 number to call.
If you are bringing a guest to your appointment, please inform the telephone operator.
They will also be asked to sign a confidentiality agreement and bring their KYC documents.
You will not receive responses from any moderators/administrators.
❇There are exemptions for your NDA that need to know this information and are determined to know the proof and the origin of the funds, for example: lawyers, asset managers, accountants, etc.
❇They are already protected by confidentiality within their professional files. But that doesn’t mean you can’t get them to sign another one with you directly.
Ask your banking team to let you have an NDA template that you can use alongside yours. Print multiple copies.
❇When you arrive at the appointment, you will sign the NDA again with wet ink.
Ask if you can add a short list of exemptions, i.e. spouse, children, etc.
Take that list with you and make sure it is attached to the NDA before you sign it.
Red Sea tensions revive trade route between Iraq, Egypt and Jordan
The Egyptian Ministry of Transport announced on Saturday the operation of the first phase of the Arab trade line between Iraq, Egypt and Jordan at the beginning of this year, following the Red Sea tensions.
She said in a report, followed by Shafaq News Agency, that the attacks of the Houthi group on international shipping ships in the Red Sea and the subsequent threat to navigation in the Suez Canal, highlighted the importance of the commercial link project between Iraq, Egypt and Jordan, and even talk about adding other routes linking the Gulf countries with Egypt.
According to the ministry, work is currently underway to implement the second phase of the integrated Arab trade line, through the construction of the Taba-Arish-Bir al-Abd-Fardan railway line, with a length of 500 km, to increase the volume of goods targeted for transport from the Gulf, Iraq and Jordan to Europe and America.
She stressed the Egyptian side's keenness to provide all forms of support for this new line, by facilitating procedures, and encouraging companies and various parties to use the line in both directions, especially with its importance in transporting goods from the Gulf, Iraq and Jordan to European and American countries.
Mohammed Ali Ibrahim, former dean of the Faculty of International Transport and Logistics at the Arab Academy for Science, Technology and Maritime Transport (AASTMT), believes that the line may be a window for the exports of Jordan and Iraq, and may open a door for the exports of Gulf countries, as they will pass through this road, which is an investment in the idea of multimodal transport.
"Of course, this is a solution to the Red Sea crisis for some neighboring countries, but it cannot be an alternative to the Suez Canal," he said.
In December of last year 2023, the Iraqi Ministry of Transport said that "Iraqi ports" have become an alternative to international transport lines to deliver goods from east to west, coinciding with the change of many major international transport companies due to security tension in the Red Sea and the Bab al-Mandab Strait.
The Governor of the Central Bank of Iraq receives a delegation from the World Bank
February 07, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Director of the World Bank’s office in Iraq, Mr. Richard Abdel Nour.
During the meeting, they discussed enhancing bilateral cooperation between the Central Bank of Iraq and the World Bank and discussing electronic payment projects and financial inclusion, as well as reform programs to enhance the stability and development of the financial sector.
The two parties also discussed the support of the World Bank to provide advice in establishing the Riyada Bank dedicated to financing small projects in Iraq, with the support of the International Finance Corporation.
In turn, the World Bank delegation praised the procedures of the Central Bank of Iraq in facilitating financial transfers to different segments in Iraq, noting that the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.
The U.S. dollar rose against the Vietnamese dong Wednesday morning.
Vietcombank sold the dollar at VND24,570, up 0.16% from Tuesday.
The State Bank of Vietnam lowered its reference rate by 0.03% to VND23,956.
It fell 0.40% to VND24,850 on the black market.
The greenback has increased by 0.61% against the dong since the beginning of the year.
Globally the dollar remained under pressure on Wednesday after retreating from a nearly three-month high against the euro in the previous session with a decline in U.S. bond yields adding to the drag, Reuters reported.
Analysts pointed to technical factors for the dollar's pullback, following a two-day rally of as much as 1.4% against the euro after unexpectedly strong U.S. jobs data and more hawkish rhetoric from Federal Reserve Chair Jerome Powell scuppered bets for an early interest rate cut.
The U.S. dollar index - which measures the currency against six major peers, including the euro - was flat at 104.14, following Tuesday's 0.29% slide. It had reached the highest since Nov. 14 at 104.60 on Monday. LINK