"BRICS refers to certain emerging market countries—Brazil, Russia, India, China, South Africa, and more—that seek to establish deeper ties between member nations and cooperate on economic expansion, including trade. The countries act as a counterbalance to traditional Western influence."
When the BRICS Nations become strong enough to have a trading influence equal to or greater than the Western Culture, there will be bilateral agreements "only" as a reason for us to sign documents in the near term.
This is expected to change in about two decades when the BRICS Nations are expected to be strong enough to overtake the dollar. The transition of the dollar is expected to be a slow process. In the meantime, the Dollar Act is in process of moving through Congress to support this transition.
To have a (digital) currency strong enough to challenge the dollar or equal within its dominance able to level the playing field for the BRICS Nations, they will more than likely have a gold backed digital trading coin that will give them the capacity to do so.
AL-KHAZALI CALLS FOR IRAQ’S FREEDOM TO DISPOSE OF DOLLARS: AMERICA IS NOT KIND TO US AND THIS IS OUR MONEY
The Secretary-General of the “Asa’ib Ahl al-Haq” group, Qais Al-Khazali, on Wednesday called on Prime Minister Muhammad Shia’a Al-Sudani to emphasize the issue of Iraq’s freedom to dispose of its US dollar funds during his upcoming visit to the United States of America.
Al-Khazali said in an Eid prayer sermon that he delivered to a gathering of worshipers in Baghdad, “The issue of economic sovereignty, and Iraq’s ownership of its decision-making and sovereignty regarding its disposal of its US dollar funds, is important and complex.”
He added, “America is not favoring us, and this is our money,” stressing the importance of “Iraq having the freedom to dispose of this money according to its interests.”
Al-Khazali continued by saying, “Iraq has demonstrated – despite the unfair, unrealistic and exaggerated conditions set by the US Treasury on disposing of the dollar – great compliance with these conditions,” considering that the United States is trying “to exploit the economic card to maintain the current military status of its forces in Iraq, and this is what we do not accept.”
Good Day MG, Any update/thoughts on lower denominations release? Thank You.
Mnt Goat Answer: Guten Tag Promanjr. What makes you think the lower denominations have been released? Did I cover this in my Newsletter? Don’t you think I would be jumping all over this if they were, especially in that I make two calls weekly to my CBI contact? Trust me, when this event happens, I will let everyone know just as soon as I know, even if I have to do one of my urgent editions of the Newsletter in my blog. Yes, I know there are some silly intel gurus idiots telling everyone they are released in Kurdistan. How many times have we heard this crap already?
OK, FINALLY someone (Militia Man) explains how Iraq has been building and doing all of the things that we in Dinarland have heard gurus say "they can't do that at $1310" So, remember a week or so ago, all the talk about the DFI account being closed - (loosely paraphrasing) 👉 so what the DFI account did for Iraq was an account that the US held for Iraq to deposit revenues for oil sales in US dollars - this allowed them a line of credit to borrow against...
so when the DFI account was closed and EO 13303 has been/will be relinquished- so since the DFI has been closed, oil revenues have been being deposited into an Iraqi account (the Iraqi 2 account) in Dinars. 👉 So what does this mean - Iraq owes the US for all of the money that they have borrowed to rebuild Iraq, MM is saying that it is time for Iraq to pay back this debt and the only way that they can do this is with a new REER ( Real Effective Exchange Rate) "rate" Remember when Trump said that the US would "leave" Iraq when they could pay back all that we have done to help rebuild Iraq (paraphrasing)
👉 so MM was asked on a YT'rs channel last night if he believes that Sudani would be coming to visit "the president" with the new REER, ( https://youtu.be/JrqefOy85_0 ) and he replied that " I would like to think that he will" 👉 Iraq's EID holiday ends on the 14th, the day before Sudani's visit to the US - the EID holiday is a holiday of giving.
🔠🔠🔠🔠🔠🔠
OK so I don't know about you but I am stressed out about this RV/RI, its been like holding my breath for the last 4 years... ❓ so where are we now... Iraq needs to pay back the 💲💲 to the US ( Sudani's visit to US) 👉 Sudani is in the US on 4/15 👉 Sudani makes oath to Iraq (swears to Allah) that Iraq would be restored to its former glory (paraphrasing) IN APRIL 👉 Iraq ascends to WTO on May 5th. (Completion of all their WTO requirements).
🔠🔤🔤🔤🔤 🔤🅰️🔤🔤🔤🔤🔤🅰️🔤🔤🔤 but at some time this thing has to go... and all things seem to be pointing to getting the new 🔠🔠🔠🔠🔠 Dinar rate this month....
Parliamentary Integrity Demands The Issuance Of The Sharq Charter To Ensure That Iraq’s Money Is Not Plundered
Local | 11/04/2024 Mawazine News – Baghdad , a member of the Parliamentary Integrity Committee, Representative Alia Nassif, revealed the involvement of what she called some of Prime Minister Muhammad Shiaa Al-Sudani’s tools in projects to resolve bottlenecks with corruption, while she pointed out that the only solution for Iraq is a “code of honour” whose content is “We will not plunder the state.”
Nassif said during a televised statement followed by Mawazine News: “A general director in the Ministry of Construction and Housing was summoned, and we then focused on the presence of Minister Benkin Rikani as well.
He was interrogated regarding the 14 billion that “Green Tahouat” carried, and his answer was that he disavowed his responsibility for any action after that. The money was delivered to the contractors and the rest of the details are in the judiciary and we are awaiting the results.”
She added, "The two companies (Danube and Emaar Al Badia) are the ones working within Al-Khadraa and the money was going to them, and so far they do not have final accounts. Their capital is 5 billion for each company and they receive projects worth 41 billion. If there is delay, the government will not be able to deal with them."
She continued, “The House of Representatives is relinquishing its supervisory and legislative role, and in every session it suffers a kind of weakness due to political conflicts and interests, and the parliamentary oath is not implemented 100%, and (Cover me and cover you) played a role many times greater.”
She explained, “Parliamentary Integrity is a (prevention) committee. When any file is opened, everyone gets upset, and it is the one that does the most work within Parliament. All the files that reach us are important and belong to influential parties and have a media system, and they all work against the representative who opens their files.”
Nassif explained, “During this session, I have problems with the general director of the Central Refineries. He has a terrible media army and his power is comparable to a minister, and all the general directors have political parties behind them,”
adding that “most of the files that I am committed to in the Integrity Committee, I bear personal responsibility for without relying on the rule of law.” They did not ask me to stop any file, and I bear most of the media and political attacks alone.”
Nassif revealed that there are “two files that we are working on, the first for ports and the second for roads, and they contain inhabited funds, in addition to the ports that contain money laundering, which the state can invest to maximize its reserves if it is controlled,” stressing that “some of the Sudanese tools in our bottleneck relief projects have indicators of corruption.”
It is the one that tampered with contracts , in addition to awarding 3 contracts for huge projects to a Lebanese company banned from operating in Beirut
. Prime Minister Muhammad Shiaa Al-Sudani supported projects to remove bottlenecks due to corruption, while pointing out that the only solution for Iraq is a “code of honour” whose content is “we will not plunder the state.”
Nassif said during a televised statement followed by Mawazine News: “A general director in the Ministry of Construction and Housing was summoned, and we then focused on the presence of Minister Benkin Rikani as well. He was interrogated regarding the 14 billion that “Green Tahouat” carried, and his answer was that he disavowed his responsibility for any action after that. The money was delivered to the contractors and the rest of the details are in the judiciary and we are awaiting the results.”
She added, "The two companies (Danube and Emaar Al Badia) are the ones working within Al-Khadraa and the money was going to them, and so far they do not have final accounts. Their capital is 5 billion for each company and they receive projects worth 41 billion. If there is delay, the government will not be able to deal with them."
She continued, “The House of Representatives is relinquishing its supervisory and legislative role, and in every session it suffers a kind of weakness due to political conflicts and interests, and the parliamentary oath is not implemented 100%, and (Cover me and cover you) played a role many times greater.”
She explained, “Parliamentary Integrity is a (prevention) committee. When any file is opened, everyone gets upset, and it is the one that does the most work within Parliament. All the files that reach us are important and belong to influential parties and have a media system, and they all work against the representative who opens their files.”
Nassif explained, “During this session, I have problems with the general director of the Central Refineries. He has a terrible media army and his power is comparable to a minister, and all the general directors have political parties behind them,”
adding that “most of the files that I am committed to in the Integrity Committee, I bear personal responsibility for without relying on the rule of law.” They did not ask me to stop any file, and I bear most of the media and political attacks alone.”
Nassif revealed that there are “two files that we are working on, the first for ports and the second for roads, and they contain inhabited funds, in addition to the ports that contain money laundering, which the state can invest to maximize its reserves if it is controlled,” stressing that “some of the Sudanese tools in our bottleneck relief projects have indicators of corruption.” She is the one who tampered with contracts, in addition to awarding 3 contracts for huge projects to a Lebanese company banned from operating in Beirut.” https://www.mawazin.net/Details.aspx?jimare=245671