Iraqi Security Council denounces claims of using Iraq as a base for attacks as "false pretexts", 8 NOV

 Iraqi Security Council denounces claims of using Iraq as a base for attacks as "false pretexts"

Shafaq News/ The Iraqi Ministerial Council for National Security stated, on Wednesday, that recent reports suggesting Iraq is being used as a launchpad for attacks or responses to aggression are "false pretexts" aimed at justifying violations of the country’s sovereignty and territorial integrity.

This statement was issued following the council’s regular meeting, chaired by Prime Minister and Commander-in-Chief of the Armed Forces Mohammed Shia Al-Sudani. The council reviewed the overall security situation in the country, discussed items on the agenda, and made necessary decisions and recommendations.

During the meeting, the council examined "the government’s program regarding the security sector, assessed achievements across various security ministries and agencies over the past two years, and explored ways to reinforce strengths and address challenges promptly." The council emphasized the importance of continued coordination in intelligence and security efforts to ensure the achievement of national goals.

The council reiterated Iraq’s steadfast support for the Palestinian and Lebanese peoples in their struggle and condemned the acts of genocide committed by the Israeli regime against them.

Furthermore, the council stressed that "Iraq’s national interests demand distancing its land and airspace from the hostilities fueled by Israel’s expansionist and aggressive policies toward nations and peoples in the region."

CONVERSATION WITH GOLDILOCKS ABOUT THE STATUS OF VIETNAM TODAY , 8 NOV

CONVERSATION WITH GOLDILOCKS ABOUT THE STATUS OF VIETNAM TODAY 

Summary

Goldilocks Global Banking News discusses Vietnam’s economic boost through digital transformation and currency exchange advancements, emphasizing smart contracts and financial independence.

Highlights

• 💰 Vietnam is transitioning to a cashless economy with IMF support.
• 🔗 Smart contracts enhance currency exchange efficiency and security.
• 📈 City Bank and Fidelity are innovating in digital foreign currency exchanges.
• 🔒 Smart contracts eliminate intermediaries and reduce fees.
• 📊 Vietnam’s economy is evolving with technical assistance from the IMF and World Bank.

Key Insights

• 🌟 Global Reach: Goldilocks connects individuals worldwide, enhancing knowledge about currency exchange and financial opportunities. This growing community fosters collaboration and shared success.
• 💡 Vietnam’s Cashless Future: The shift to a cashless society signifies Vietnam’s commitment to modernization and economic growth, supported by international financial institutions.
• ⚙️ Efficiency of Smart Contracts: Smart contracts streamline the currency exchange process, reducing human error and improving accuracy, making transactions more reliable and secure.
• 🚀 Digital Transformation by City Bank: City Bank’s digital initiatives represent a significant evolution in banking, integrating advanced technology for seamless currency exchanges.
• 💸 Cost Savings: By removing intermediaries, smart contracts lower transaction fees, allowing individuals to retain a larger share of their exchanged funds.
• 🔍 Education for Wealth Protection: The Goldilocks QFS dialogue room offers crucial insights into safeguarding wealth post-exchange, empowering individuals to make informed financial decisions.
• 📊 IMF’s Role in Vietnam: The IMF’s technical assistance emphasizes macroeconomic stability, showcasing Vietnam’s proactive approach to becoming a market economy and leveraging global financial systems.

FIREFLY: " the dinar would return to the 'glory days' of the past." ‪@DINARREVALUATION‬

 

Economist: The Value Of The Dinar Will Decrease And The Financial Deficit Will Increase, 8 NOV

 Economist: The Value Of The Dinar Will Decrease And The Financial Deficit Will Increase

Information/Special..  Today, Wednesday, economic expert Sadiq Al-Rikabi expected that the Iraqi economy would be negatively affected during the coming period and the value of the dinar would decline as a result of the political and economic changes that the world is witnessing.

Al-Rikabi said in an interview with Al-Maalouma Agency, "Iraq is in an unenviable economic situation in light of the expected decline in oil prices. The United States will depend on its oil, and the industry in China has declined relatively and no longer depends primarily on oil. In addition, the expected improvement in relations between Washington and Moscow will allow Russian oil to return to global markets."

He added that "Iraq's failure to diversify its sources of income and its reliance on a rentier economy and fixing the price of a barrel of oil at $70 in the financial budget will lead to a larger deficit and will affect salaries as well as the value of the dinar."

Recently, Iraqi officials confirmed that the turbulent political and security situation in the region, as a result of the Zionist aggression on Gaza and Lebanon and its repercussions, directly affects the Iraqi economy. LINK

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.