Sunday, April 14, 2024
Al-Fateh: Al-Sudani’s bag carries with it the hopes of the Iraqis, 14 APRIL
Al-Fateh: Al-Sudani’s bag carries with it the hopes of the Iraqis
"RV UPDATE" BY MARKZ, 14 APRIL
MarkZ
[via PDK]
Community comment "Sudani looks to be coming to the US on the 15th..." I think it more likely to happen toward the tail end of the 22nd to see our new rate. But Iraqi contacts think Sudani is going to announce it in Iraq before he heads to the US on the 15th…. I hope they are right and I am wrong.
Iraq now has full control of its funds and one of the requirements now that it has control of its funds...to pay back the United States. It cannot do that at a rate of 1310. But it can easily do it with a value change. I believe the next 10-11 days are going to be huge.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-markz-14-april.html
[via PDK] Iraq now has full control of its funds and one of the requirements now that it has control of its funds...to pay back the United States. It cannot do that at a rate of 1310. But it can easily do it with a value change. I believe the next 10-11 days are going to be huge.
Question: Where will redemption
centers be? MarkZ: I have been told this over and over that the majority of the US - 90% of us will have a RC within 50 miles of where we live. The only people who may have a longer drive are those in rural areas…low populations like the Dakotas and Wyo…They will not release exact locations before the event starts for security.
[via PDK] I do have one Iraqi contact that is convinced we are in a day or two. I think he may be premature…but he is convinced it is this week. He does work in the Iraqi government so he may know more than I do. I am hoping he does. But I am keeping an eye on it.
I heard there will be more activity from Redemption banks for later this month as they are getting some last minute instructions... They even used the term “Last minute instructions” So I take that as a very good sign. I am hopeful we are in the last few days or weeks at worse….
Question: Do you think things have started? MarkZ: After this week I have no doubts that things have started. And are well underway. I think we are in the rollout process right now.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-markz-11-april.html
Central: 9.8 trillion dinars trading via electronic payment machines, 14 APRIL
Central: 9.8 trillion dinars trading via electronic payment machines
The economy news _ Baghdad
The volume of financial movements through electronic payment devices increased during the past year to 9 trillion and 800 billion Iraqi dinars, according to the Information Technology and Payments Department of the Central Bank of Iraq.
The Director General of the Department, Adnan Asaad, said in an interview with Al-Sabah, followed by “Economy News”, that this rise is only evidence of the tendency of citizens and employees to use electronic payment, after it was 289 billion dinars in 2019.
He added that “the electronic levection project also rose to 108 billion and 7 million dinars during the past year, through one million and 46 thousand movements, after it was 3 billion and 35 million dinars during 2021.”
“The number of bank cards during the past year reached 18 million and 500 thousand cards, after it was 10 million and 500 thousand cards in 2019, while statistics showed the use of 558 government departments of electronic payment devices during the past year after it was only 12 departments in 2019.”
He added that “the total government e-collection since the activation of the decision of the Council of Ministers to publish electronic payment tools through 586 thousand and 868 movements amounted to 418 billion and 371 million dinars, while the total government e-collection last year from points of sale reached 287 thousand and 543 movements 408 billion and 277 million dinars, and stressed that “10 billion and 9 million dinars is the total collection from gas stations through 299 thousand and 325 movements.”
He added that “the value of using electronic payment last year in Iraqi currency through 15 million and 838 thousand movements amounted to 9 trillion, 661 billion and 503 million dinars, while the value of using electronic payment last year in the currency of dollars through 32 thousand and 842 movements of 11 million and 936 thousand dollars.”
https://economy-news.net/content.php?id=42431
"PRIVATE BANKING V. WEALTH MANAGEMENT & ZIM CURRENCIES" BY BEARDED PATRIOTUSA
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.
"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