"PRIVATE BANKING V. WEALTH MANAGEMENT & ZIM CURRENCIES" BY BEARDED PATRIOTUSA, 14 APRIL

BEARDED PATRIOTUSA 

Private Banking vs. Wealth Management: What's the Difference? by kimmyB via Bearded PatriotUSA telegram Room, 19 MARCH

 kymmiB

Private Banking vs. Wealth Management: What's the Difference?

Wealth management is a broader category that involves dealing with the optimization of a client's portfolio, taking into account their aversion to, or comfort with, risk, and investing financial assets according to their plans and goals. Wealth management can be practiced on a portfolio of any size, though, as the name implies, it is geared toward the well-off.

Private banking, by comparison, typically refers to an envelope solution for high-net-worth individuals (HNWIs) wherein a public or private financial institution employs staff members to offer high-net-worth clients personalized care and management of their finances . 

https://www.investopedia.com/articles/professionals/111715/private-banking-vs-wealth-management-not-quite-same.asp

https://dinarevaluation.blogspot.com/2024/03/private-banking-vs-wealth-management.html

"THE LAUNCH OF USTN TRIGGERS A WAVE OF MASSIVE REDEMPTION OF ZIM BONDS!!" BY BEARDED PATRIOTUSA, 10 MARCH

 BEARDED PATRIOTUSA

The clock is ticking: the imminent launch of USTN triggers a wave of massive redemption of Zim bonds! The beginning of R&R awaits you!

The countdown has begun and the stakes couldn't be higher.

 In the coming days, a seismic shift is expected to ripple through the entire financial system, a move so bold, so unprecedented, that it threatens to reshape the economic landscape of the United States, and perhaps even the world. 

At the center of this monumental transition is the launch of the USN – USTN, the new United States monetary system, which will be implemented between March 14 and 15.

 This is not just a routine adjustment of monetary policy; It is a complete overhaul, a reinvention of the exchange rate as we know it.

https://t.me/Bearded_PatriotsUSA/15720

 "ABOUT ZIMBABWE CURRENCY" VIA BEARDED PATRIOTUSA TELEGRAM CHAT ROOM

LAKERFAN

Zimbabwe’s ZiG Currency Strengthens Day After Debut Even as it Roils Commerce https://www.bloomberg.com/news/articles/2024-04-09/zimbabwe-s-new-zig-currency-strengthens-on-second-day-of-trading

JON DOWLING

...w this on FB

The new Zim notes folks. Notice it says AA and pay to bearer of note on demand! 

...

Zimbabwe has reverted to the gold standard

While most countries abandoned the gold standard in the last century, some African nations are reconsidering its necessity to stabilize their economies. This month, the Zimbabwean dollar became the new "gold" currency. The need to switch to the gold standard has been a long-discussed issue in the country, with the Zimbabwean dollar experiencing a more than 500% depreciation, and the currency rate plummeting by over threefold in just the last three months.

The Zimbabwean dollar is a relatively new currency, established five years ago following the rise to power of the new president Mnangagwa. One of his first decisions was a complete overhaul of the national economy and financial system. This approach wasn't new for Zimbabwe: in the last decade, the country introduced and then removed from circulation ten independent currencies, each plummeting steeply and rapidly losing value. 

Introducing the gold Zimbabwean dollar aims to stabilize the exchange rate and help the country combat endless inflation. Unfortunately for Zimbabwe, the gold standard might only last for a short period. The country's gold reserve currently stands at just one ton of gold, barely enough to cover one month of imports at current volumes. President Mnangagwa is trying to address this issue by seeking additional international aid and opening the country to foreign investors. Success, however, remains elusive.

Most international investors view Zimbabwe with caution, a country perpetually suffering from military coups and civil wars. Companies willing to consider investments are usually affiliated with military corporations and special services, posing a significant threat to the current president's regime. The viability of Zimbabwe's "gold" experiment will be tested over the next six months, as the country faces challenging negotiations with international creditors.

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https://dinarevaluation.blogspot.com/2024/04/about-zimbabwe-currency-via-bearded.html

Danger Ahead: Markets Mispriced The Fed’s Plan, Brace For Big Moves | Ch...

Within Two Days...More Than $500 Million In Sales From The Iraqi Central Bank, 14 APRIL

 Within Two Days...More Than $500 Million In Sales From The Iraqi Central Bank

Money  and business  Economy News – Baghdad  The Central Bank of Iraq's total sales of hard currency for the US dollar during the two days in which the auction opened last week amounted to more than 500 million dollars.

During the past week and for two days in which the auction was opened, the Central Bank sold 533 million 978 thousand and 562 dollars, at a daily average of 266 million 989 thousand and 281 dollars, lower than what it recorded last week, which amounted to 1 billion 259 million 432 thousand and 212 dollars.

The highest dollar sales were on Monday, when sales amounted to 278 million 525 thousand 332 dollars, while the lowest sales were on Sunday, when sales amounted to 255 million 453 thousand and 230 dollars.

Foreign remittance sales during the past week amounted to 470,853,562 million dollars, an increase of 92% compared to cash sales, which amounted to 36,125,000 dollars.

96 views 04/13/2024 - https://economy-news.net/content.php?id=42414

"ANALYSIS OF IRAQ NEWS: “America is not favoring us, and this is our money,”, BY MNT GOAT, 14 APRIL

 MNT GOAT

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.” 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Prime Minister Prepares for Meeting at the White House BY SANDY INGRAM

Foreign Ministry: Sudanese Will Strongly Propose Ending Sanctions On Iraqi Banks During His Visit To Washington, 14 APRIL

 Foreign Ministry: Sudanese Will Strongly Propose Ending Sanctions On Iraqi Banks During His Visit To Washington

Saturday, April 13, 2024 Baghdad/National News Center  An official at the Iraqi Ministry of Foreign Affairs confirmed the intention of Prime Minister Muhammad Shia al-Sudani to present the file of ending sanctions on Iraqi banks by the US Treasury.

The source said that the visit “will not witness any radical changes in the relationship between Baghdad and Washington,” but added that the visit will include “discussing the file of the (international coalition forces to fight ISIS) and the American presence in Iraq, and the file of American financial sanctions on Iraqi private banks and institutions, and cooperation in Various security and economic fields.”

It is noteworthy that US sanctions recently targeted 28 banks for, according to Washington, their dealings with Iran, amid accusations of their involvement in dollar smuggling.

Baghdad and Washington are holding rounds of joint talks to remove international coalition forces from Iraq, as the first round was held on January 27. The first round led to an agreement to form a joint military committee to review and end the coalition mission, in addition to moving to bilateral security relations.

 The committee began its work on February 11. The same official stated that “the Sudanese will be at the head of a large ministerial and military delegation” to Washington, while “a bilateral partnership agreement will be announced” between the two countries.

It will also be “agreed on a periodic review of the American military presence, as well as the coalition forces, through dialogue rounds held by officials from both countries.”

For his part, the second Iraqi Foreign Ministry official ruled out any “major change in the form of the current relationship” between Iraq and the United States. He attributed this to “the situation in the Middle East, as well as the upcoming US presidential elections” next November. https://nnciraq.com/252940/

"THIS IS OUR MONTH" BY TEXAS SNAKE, 14 APRIL

 Texas Snake, [04/06/2024, 8:04:35 p. m.]:

Have received multiple communications today that this is our month, most are settling on the 21st or 22nd as the actual announcement date with the appointments to exchange following. 

I have forwarded all these messages to my WF banker who will hopefully have some conclusions when he calls me in the morning with his latest update. 

I know Salty Toes is always concerned when I post such info as so many are at the very end of their ropes financially but this currency reorganization world wide is a fact happening.  Use discernment and continue to do your own research.  GOD Bless.

Thanks will just open her up.

Texas Snake, [04/06/2024, 9:56:02 p. m.]:

Was going to wait until the call was over but have time constraints

We appear to be in a gret placer folks

They are supposed to announce the new values in country of the IQD on the 21 first

Have known the owner of Snoopy's sine he was in High School and we live on the main channel into Padre Isles riight down from his place.

Nothing more until I hear from the banker in the morning so will be back then.

https://dinarevaluation.blogspot.com/2024/04/this-is-our-month-by-texas-snake-14.html