Monday, May 20, 2024
Al-Sudani chairs an extraordinary session of the Council to discuss the 2024 budget schedules. These are her details, 20 MAY
Al-Sudani chairs an extraordinary session of the Council to discuss the 2024 budget schedules. These are her details
Prime Minister Mohamed Shiaa of Sudan chaired today, Sunday, an extraordinary session of the Council of Ministers devoted to discussing the federal general budget schedules for state ministries and institutions, for the year 2024, within the requirements of the Federal General Budget Law No. 13 of 2023, for the years 2023, 2024, 2025.
According to the government statement, {Euphrates News} received a copy of it, which: “The session witnessed the adoption of the tables (A, B, C, D, E, F) and the planned deficit schedule for / 2024, based on Article (77/S) of the Federal Public Budget Law No. (13) of 2023, for the years (2023 2024 2025), and its referral to the House of Representatives.”
“The session also included the approval to re-announce the investment opportunity to implement the Baghdad Metro project, and the Najaf-Holy Karbala train, for an additional month, to ensure that other companies’ offers are obtained and entered to compete with the only offer,” he added.
According to the government statement, the Council approved the exclusion of the company implementing the project of the design and implementation of the Crown Stadium (60,000 spectators), and the project to establish a fence and gates of the Tajiat Sports City, from submitting a letter to ensure the good implementation of the project, according to the letter of the Ministry of Youth and Sports, dated May 19, 2024.
Why the Vietnam Dong (VND) Will Likely RV First BY AWAKE IN 3D, 20 MAY
Why the Vietnam Dong (VND) Will Likely RV First
t’s no secret that the now, 10-nation BRICS Alliance will formally take serious measures to create and launch a gold-backed trade currency this year. As of this week, Russian President Vladimir Putin assumed leadership of the BRICS Alliance for one year.
Putin and the Russian Finance Ministry prepared and submitted proposals for a gold-backed trade currency ahead of the BRICS annual summit in 2023.
However, India was formally opposed consideration and China was reluctant as well. As such, the gold currency proposal was not officially included on the BRICS summit agenda for formal discussions .
Why the VND? Unless some major existential event occurs on a massive geopolitical scale, I see no realistic scenario for 180 nations to unanimously adopt a worldwide gold-backed currency system in the near future.
Now that Russia’s Putin is leading BRICS events and strategic initiatives in 2024, the gold trade currency will most certainly be taken up for Member consideration and debate this year.
Vietnam Applies for BRICS Membership
In 2023, Vietnam, along with fourteen other nations, formally applied for BRICS membership and their application has been officially accepted for consideration.
As far as our RV/GCR is concerned, the single most plausible scenario for the initiation of RV exchanges will begin with BRICS.
Why?
Because unless some major existential event occurs on a massive geopolitical scale, I see no realistic scenario for all 180 nations on the planet to unanimously adopt a worldwide gold/asset-backed currency system in the near future.
As much as I’d like to believe in the mythical NESARA/GESARA tenants being adopted worldwide, much less by the United States, there are serious questions as to the validity, or even the existence of the fabled NESARA program.
How a VND Exchange/RV Would Work for Us
Given that the most plausible and logical way for a country like Vietnam (or Iraq for that matter), to be able to pay for our exchanges at a significantly higher rate than today’s 24,000 VND to $1.00 USD rate, is for the current USD to be significantly devalued against the VND.
Think about it, if foreigners outside of Vietnam are holding many trillions of VND, at a new rate of say 1.00 VND = $0.10 USD (10 US cents), Vietnam would have to come up with literally trillions of US dollars to buy our VND at the new rate.
This is simply economically impossible given Vietnam’s Gross Domestic Product (GDP) today is likely around $450 billion.
However, if the VND became directly convertible into a gold-backed global currency, the US dollar, along with all other fiat currencies would be extremely weak by comparison.
This is where the BRICS gold-backed common trade currency comes into play.
If Vietnam becomes a member of the BRICS Alliance, the VND would be directly convertible into the new, BRICS gold-backed trade currency and thus, by extension, the VND we all hold would be directly exchanged into the golden trade currency.
Furthermore, since the USD, Euro, etc., would be near worthless against the BRICS gold currency, we would have tremendous purchasing power in our home countries.
How much purchasing power?
That would depend on the ultimate structure of how BRICS would manage each of its member’s native currency to the new, gold-backed, common trade currency. Consequently, it’s not realistically possible to determine what our VND exchange value would ultimately be at this time.
What About the IQD?
The reason I speculate that the VND would RV before the IQD is simply because there have been no official announcements about Iraq applying to join the BRICS Alliance. I cannot simply state that Iraq has applied without direct evidence.
That said, in a recent BRICS press conference, Vladimir Putin stated that approximately 30 countries are in discussions to seek membership.
Certainly, it is highly probable that Iraq is one of those 30 countries. It is also understandable that Iraq (and BRICS) would want to keep Iraq’s application confidential for now given the tenuous, but ongoing relationship between the United States and Iraq.
Also, there is no hard rule that a country must wait for the annual BRICS Summit before it can participate within the BRICS Alliance, and/or utilize its forthcoming gold-backed currency.
KRG shares first list of Know Your Customer (KYC) data with the Trade Bank of Iraq (TBI). 20 MAY
KRG shares first list of Know Your Customer (KYC) data with the Trade Bank of Iraq (TBI)
Erbil, Kurdistan Region (GOV.KRD) – The Kurdistan Regional Government on Thursday shared the first batch of Know Your Customer (KYC) data for 368 public sector employees with the Trade Bank of Iraq (TBI), in line with the KRG’s ongoing efforts to digitalize its payroll under the MyAccount initiative.
The KRG will continue to share data of employees who select TBI from the seven participating banks in the project based on the process approved by the Central Bank of Iraq. The KYC data will be shared on a weekly basis.
The KRG looks forward to receiving a clear schedule from TBI on account opening and card delivery, as well as a response to the KRG’s Request for Information (RFI) submitted on 29 April 2024 that remains unanswered. This information is critical to determining the bank’s readiness and capacity to meet the needs of the customers of the Kurdistan Region of Iraq.
We hope that TBI will promptly create the bank accounts.
Ministry of Finance and Economy
19 May 2024
gov.krd
"RV UPDATE" BY BRUCE, 20 MAY
Bruce
[WiserNow]
We know that...Iraq paid back the IMF – a loan that they got in 2003...that's when the new 25 10,000 5000 1000 dinar notes were printed. Our notes that we have now are printed starting in 2003. And they paid the IMF back at $8 billion against a loan Iraq received in 2003... Now, to do that, you had to have a revalued dinar...to make that doable...
the rates are actually on the ATM’s in Baghdad in airports and other places. So have they converted over to I think the new rate in country – yes... they're keeping it hidden until they're ready for everything to be released.
...we have about 17 - 18 currencies that are going up substantially in value. We know that you know that obviously dinar and Dong - Dong is one of those...CAN THE POPULATION CENSUS SUCCEED IN DRAWING A NEW ECONOMIC POLICY IN IRAQ? WITH MNT GOAT COMMENTS, 23 NOV
CAN THE POPULATION CENSUS SUCCEED IN DRAWING A NEW ECONOMIC POLICY IN IRAQ? The Iraqi government is preparing to conduct a general populatio...
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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...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...