Vietnam transitions to a cashless society , 20 JUNE

KTFA:

Henig:  Interesting, IMO.

Vietnam transitions to a cashless society

Monday, June 17, 2024 | 19:47:30

(VOVWORLD) - Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants. 

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

Meanwhile, Visa’s Asia Pacific Small and Medium-sized Business (SMB) Research 2023 further indicates that over 40% of SMBs in Vietnam now accept card payments, acknowledging their critical role in business operations.   LINK

Henig:  Vietnam has golden opportunities to develop silver economy: expert

Source: Xinhua  Editor: huaxia

2024-06-17 22:44:15

HANOI, June 17 (Xinhua) -- The aging population and unique characteristics of the elderly group in Vietnam pose many economic and social challenges, but there are also golden opportunities for the country to develop a silver economy, Vietnam News Agency reported Monday, citing Doan Van Binh, vice president of the Vietnam Real Estate Association.

He said the rise of the silver economy reflected a societal re-evaluation of the elderly, which no longer views them as an economic burden, but recognizes their contribution to society and their consumption potential.

Based on Vietnam's actual conditions and the experience of some countries, Vietnam should immediately begin researching, creating a vision, building policies and laws, and setting up specific strategies and action plans to activate and develop the silver economy, he said.

The older generation in Vietnam currently accounts for 8.3 percent of the total population, or 8.16 million, according to the country's Ministry of Labour, Invalids and Social Affairs.

It is forecast that the number will increase to 16.8 million by 2039 and 25.2 million by 2069. LINK

"LATEST RV UPDATE" BY PATRIOT ROD STEEL, 20 JUNE

 PATRIOT ROD STEEL

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It's A Big Reveal Significant Milestone Delivered for Iraqi Dinar Invest...

Specialist: The presence of offices of non-Iraqi parties with armed wings portends crises with countries in the region and the world., 20 JUNE

Specialist: The presence of offices of non-Iraqi parties with armed wings portends crises with countries in the region and the world

Saif Raad, a security researcher, said on Wednesday that the Iraqi government’s open support for non-Iraqi political movements and parties that have armed wings or engage in military activity is a violation of the constitution. He also said that the presence of offices for non-Iraqi political movements and parties inside the country is a violation of the constitution. Financial authorizations are vital.

Raad told Jarida, “The presence of workplaces for political developments and gatherings in Iraq is viewed as something ordinary, particularly on the off chance that those gatherings depend on a cross-line belief system, and a portion of these cases we have found in patriot, Baathist, and Islamic socialist factions and developments.”

He added, “However when we arrive at an unmistakable and globally known end that these developments have furnished wings or continuous military movement, that’s what I trust, first and foremost, it is viewed as an established infringement, since Article Seven Furthermore of the Iraqi Constitution specifies (the state is focused on battling psychological oppression in the entirety of its structures, and attempts to safeguard its properties from To be a central command, passage, or field for his action.”

He made sense of, “Assuming we saw on the field and globally that these equipped groups are viewed as by an adjoining nations and the district to be prohibited fear based oppressor associations, how might they be managed assuming those central command send off assaults straightforwardly or in a roundabout way on those nations? ”

He went on to say, “Secondly: As a member of the international community and an observer, Iraq is committed to preventing attacks on other nations from launching from its territory. This is also written into the Iraqi constitution, and it is an important part of Article Six of the United Nations Charter. If this is broken, the international community can sue Iraq. Item 7 once more.

He made sense of, “The presence and opening of these central command without a doubt went under strain from certain groups and the Iranian system supporting the hub of obstruction. They, in my opinion, were the ones who authorized the opening of those offices. It is known universally and strategically that the agents of nations and their kin are the authority government offices and departments, and these furnished developments have somebody to address them carefully and administratively.” through its Iraqi embassies.”

He focused, “The Iraqi government’s public help for these equipped developments will enormously influence the degree of unfamiliar relations with nations in the locale and the world, and Iraq might go into new political emergencies and monetary approvals that the state needn’t bother with.”

"RV UPDATE" BY SANDY INGRAM, 20 JUNE

  Sandy Ingram  

  We are looking for the Development Road Project to eliminate the IMF's concerns over revenue outside  of the oil industry and increase Iraq's GDP to the point of increasing the currency's value against the dollar as we have seen happen with the Mexican Peso against the USD...Iraq is working towards the goals of the IMF...

Countries could require that their oil be paid for in their currency.  This would greatly affect the Iraqi dinar in a good way for investors.

----

Traveling to realize your IQD profits - People in high places reprimanded [me] for saying this...Iraq...could print new money.  That would mean that you, I, anyone would need to travel if allowed to exchange your Iraqi dinar bank notes for the new currency like Zimbabwe did.

   They gave the world two weeks to make the exchange.  In Zimbabwe's case  it did not matter if you were a citizen or not.  If you showed up with the old currency...then you received the new ZIG currency.   Could we be so lucky with Iraq? ...We must be smart about how we look at our Could options.  We may not have a choice.  We may have to travel.

---https://dinarevaluation.blogspot.com/2024/06/traveling-to-realize-your-iqd-profits.html

 The Central Bank of Iraq denied issuing a new  currency denomination.  The decision highlights the bank's confidence in the strength and stability of the Iraqi dinar, Even as other economies toy with the idea of introducing new denominations..

 No one in the Middle East wants big daddy America to make Iraq wealthy. Oh, wait, Iraq is already wealthy.  It's just a matter of maximizing, investing and building the infrastructure for long-term wealth...It's only a matter of time before Iraq opens the gates to massive success.

Last week marked a sensational milestone for the central bank of Iraq.  In a stunning financial twist, foreign remittance sales skyrocketed by a whopping 90%, surpassing cash sales by over $252 million...The majority of these sales...were strategically utilized to bolster balances abroad through remitt..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/rv-update-by-sandy-ingram-11-june.html 

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 No one in the Middle East wants big daddy America to make Iraq wealthy. Oh, wait, Iraq is already wealthy.  It's just a matter of maximizing, investing and building the infrastructure for long-term wealth...It's only a matter of time before Iraq opens the gates to massive success.
Last week marked a sensational milestone for the central bank of Iraq.  In a stunning financial twist, foreign remittance sales skyrocketed by a whopping 90%, surpassing cash sales by over $252 million...The majority of these sales...were strategically utilized to bolster balances abroad through remittances and credits.  By regulating the flow of foreign currency the central bank instills robust confidence managing Iraq's balance of payments.  
A [Community member] wrote and then deleted the following comment in response to...the results of the emergency budget meeting, 'The rate is still 1310 for the next budget....for read more:

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-sandy-ingram-4-june.html

PIMPY: Responding to your comments on bank closures 06/19/24

Parliamentary Energy: Gas investment represents one of the most important current projects for generating electricity, 19 JUNE

Parliamentary Energy: Gas investment represents one of the most important current projects for generating electricity

Agent Administrator of the Parliamentary Energy and Power Council, Walid Al-Sahlani, affirmed on Tuesday that the nation is experiencing electrical energy issues connected with gas imports.

“The government’s intention to invest in gas represents one of the most important current projects in Iraq to generate electricity,” Al-Sahlani stated in an interview with the

He went on to say, “In the coming years, it will be self-sufficient in its need for extracted gas to generate electrical energy, noting that the licensing rounds announced by the Ministry of Oil will contribute to increasing the quantities of natural gas extraction and self-sufficiency.”

He kept, “Accomplishing adequacy of gas to work power stations to produce power locally as opposed to bringing in gas.”