DINAR REVALUATION VIETNAM STATUS REPORT, 8 NOV

 DINAR REVALUATION VIETNAM STATUS REPORT

Summary

Vietnam’s monetary authority is intervening to stabilize the Vietnamese Dong, which recently hit a record low against the dollar, while the manufacturing sector shows strong growth.

Highlights

• 📉 Vietnamese Dong fell to $24,700 per dollar, marking a 5% drop in 2024.
• 💵 State Bank of Vietnam plans to sell dollars to banks to stabilize the currency.
• 📊 Central Bank raised the reverse repurchase rate to 4.5% to support the Dong.
• 📈 Manufacturing sector shows resilience with strong growth and a PMI of 54.7.
• 📦 New export orders are rising, but shipping costs are a concern for businesses.
• 📊 The Central Bank dismisses rumors of exchange rate policy changes.
• 🌍 Global fluctuations and domestic challenges are impacting the foreign exchange market.

Key Insights

• 📉 Currency Depreciation: The Dong’s drop to $24,700 highlights the ongoing struggle against global market fluctuations, urging the need for intervention strategies.
• 💵 Intervention Strategies: The State Bank’s commitment to selling dollars shows proactive measures to stabilize the currency and restore investor confidence.
• 📈 Interest Rate Adjustments: The increase in the reverse repurchase rate indicates a tightening monetary policy aimed at curbing depreciation pressures on the Dong.
• 🏭 Manufacturing Growth: A PMI above 50 signifies expansion, indicating Vietnam’s manufacturing sector is thriving despite external economic pressures.
• 📦 Export Challenges: While export orders are increasing, high shipping costs present significant hurdles that manufacturers must navigate.
• 🚫 Rumor Control: The Central Bank’s dismissal of exchange rate policy rumors emphasizes the importance of clear communication to prevent market panic.
• 🌍 Economic Resilience: Despite facing global challenges, Vietnam’s economic indicators suggest a strong recovery and resilience, particularly in manufacturing.

Bank VP Invests in Dinar & Dong! | MarkZ Chat Story ‪@DINARREVALUATION‬

 

Iraqi provincial council leaders call for adopting al-Sistani’s commandments as national roadmap, 8 NOV

Iraqi provincial council leaders call for adopting al-Sistani’s commandments as national roadmap

Shafaq News/ In their second conference on Wednesday, Iraq's provincial council leaders called for the adoption of recommendations recently issued by Grand Ayatollah Ali al-Sistani, the country’s leading Shia cleric, suggesting these be used as a strategic roadmap for Iraq’s governance.

Held in the holy city of Karbala, the conference gathered council heads from Iraq’s provinces that are not organized in a region, along with Ahmed al-Fatlawi, the General Coordinator for Provincial Affairs. Participants emphasized the importance of such conferences in "unifying approaches to collaboration with both Parliament and the federal government to develop comprehensive solutions that serve Iraq’s interests. "

The conference issued several key recommendations, notably considering Ayatollah's recommendations issued following his meeting with the UN Secretary-General's representative in Iraq, Mohammed al-Hassan as a roadmap.

Al-Sistani's recent guidance included seven stability factors for Iraq, stressing the importance of national unity, resistance to foreign interference, and restricting arms to state control as part of Iraq's path toward stability and prosperity. His influence as a spiritual leader has been a steadying force for Iraq, with his moral authority shaping the country's democratic principles since the U.S. invasion in 2003.

they also “stressed the urgency of passing or amending the current Provincial Law to expand administrative and financial powers in line with local governance principles.”

The statement concluded with a call for “increased provincial budget support to better meet citizens’ essential service needs.” Attendees underscored the importance of political stability at the local level as a prerequisite for effective governance, urging political blocs to prioritize this objective for the welfare of Iraq’s citizens.

DINAR REVALUATION IRAQ STATUS REPORT, 8 NOV

 DINAR REVALUATION IRAQ STATUS REPORT

Summary

Iraq shows promising economic recovery with foreign reserves, reduced inflation, and strategic investments as it prepares for a major census and international collaborations.

Highlights

• 🌍 French President Macron supports Iraq’s stability through the upcoming Baghdad conference.
• 🚢 Iraq receives new port infrastructure with Korean collaboration, boosting economic capabilities.
• 💰 Central Bank reports recovery indicators, aiming for economic growth and reduced inflation.
• 🔋 Major investments in renewable energy projects signal a shift towards sustainability in Iraq.
• 📊 The Iraqi stock market sees significant trading volume increase, indicating investor confidence.
• 🌞 Qatar’s Energy partners with Total Energy for a solar project, enhancing Iraq’s energy sector.
• 🗳️ Iraq plans its first census in 27 years, crucial for development planning and accurate data collection.

Key Insights

• 📈 Economic Recovery: The stabilization of Iraq’s economy is supported by increased foreign cash reserves and robust financial policies, critical for fostering growth and attracting investment.
• 🤝 International Collaboration: The involvement of foreign leaders and companies, such as the French government and Qatar’s Energy, highlights Iraq’s strategic positioning for international partnerships to bolster its infrastructure and energy sectors.
• 🔄 Inflation Management: The Central Bank’s focus on reducing inflation rates reflects a proactive approach to economic stability, aimed at creating a conducive environment for both local and foreign investments.
• ⚡ Renewable Energy Focus: Investments in renewable energy projects underscore Iraq’s commitment to sustainable development, which could significantly reduce reliance on oil in the future.
• 📊 Market Confidence: The increase in trading volumes on the Iraqi Stock Exchange demonstrates growing investor confidence and a positive outlook on the economic recovery trajectory.
• 🔍 Census Importance: The upcoming census is pivotal for effective governance and resource allocation, ensuring that future economic strategies are based on accurate demographic data.
• 🏦 Financial Sector Growth: The rise in remittance activities and banking services reflects a strengthening financial sector, crucial for economic resilience and growth in Iraq.

Iraq bank friend Aki :" Over 90 currency centers around Michigan" BY WALKINGSTICK ‪@DINARREVALUATION‬

 

Iraqi PM Al-Sudani highlights progress in Al-Faw Grand Port projects during Basra tour, 8 NOV

Iraqi PM Al-Sudani highlights progress in Al-Faw Grand Port projects during Basra tour

Shafaq News/ On Thursday, Iraqi Prime Minister Mohammed Shia Al-Sudani announced the progress of key projects at Al-Faw Grand Port in Basra province, the southernmost part of the country.

Al-Sudani's announcement came during a maritime tour in which he reviewed the key projects at Al-Faw Grand Port in Basra, accompanied by the Minister of Transportation, the Governor of Basra, several members of parliament, advisors, and the Director General of the State Company for Iraqi Ports.

According to a statement from the PM's Media Office, Al-Sudani began his tour with the five berths for which he oversaw the handover ceremony earlier today. He then reviewed other projects, starting with the container yard and the wharf wall, which has reached 100% completion. He also visited the submerged tunnel, which is 58.47% complete and is one of the most significant projects within the Development Road initiative.

“During his tour, Prime Minister Al-Sudani was briefed on the progress of the navigation channel, with a completion rate of 77.41%,” the statement affirmed. “He concluded his tour by reviewing the progress on the road connecting Al-Faw Grand Port to the highway, which marks the start of the strategic Development Road. This project has now achieved a 92.42% completion rate.”

In this context, Al-Sudani praised the engineers, technicians, and workers involved in Al-Faw Grand Port projects “for their efforts over the past two years,” noting “the significant progress made since the government assumed its executive duties.”

Earlier today, during the ceremony of handover of the port’s five berths from the implementing Korean company, Al-Sudani said his government faced "significant challenges" in launching the vital Development Road project, noting that “Al-Faw Grand Port would reshape Iraq's historical geographical position.”

Notably, Al-Faw Grand Port, situated at the southern tip of the country, is seen as a key project in Iraq's efforts to strengthen its trade links and economic standing in the region. The port is expected to provide Iraq with a strategic entry point to the Gulf and enhance its trade capacity by providing an alternative route for the transit of goods.

"EACH DAY VIDEOS ARE RUNNING FROM THE CBI ON TV SAYING THAT THE DINAR WILL RETURN TO THE " GLORY DAYS" BY FIREFLY, 8 NOV

  Frank26  

[Iraq boots-on-the-ground report] 

 FIREFLY: More and more each day videos from CBI being played on TV about the electronic platform system,

 saying how we are moving over and how the dinar is now stable and now stronger than ever, how the dinar will return to the 'glory days'. 

 FRANK:  Oh my God.  These are the right people we want to hear from. 

 These are the right words that we want to hear from these people...They're telling them these things IMO because they already have.  All this is just the introduction.