FARNK26: "WE STUDY THE VND NOW"

 KTFA

FARNK26: "WE STUDY THE VND NOW"......F26

Vietnam records 7.5% growth in the first half of 2025

7/5/2025

 

Vietnam announced on Saturday that its economy grew by 7.52 percent in the first half of 2025, its highest growth rate in more than a decade.
This strong growth comes just days after Vietnam avoided the toughest "reciprocal" tariffs threatened by US President Donald Trump on its exports.
"Gross domestic product (GDP) in the first six months of 2025 rose by 7.52 percent compared to the same period last year, the highest level for the first six months of the 2011-2025 period," the General Statistics Office said in a statement.
The country achieved 7.96 percent growth in the second quarter compared to the same period last year, its highest second-quarter growth rate since 2022, when it reached 8.56 percent. Hanoi has targeted annual growth of at least 8 percent.

“Our country’s social and economic performance in the second quarter and first six months of 2025 achieved very positive results, approaching the set target amidst numerous uncertainties surrounding the global and regional economy,” the General Statistics Office said in a statement.
Under the trade agreement with the United States, announced this week, Vietnam negotiated a reduction in tariffs from 46 percent to a minimum of 20 percent in exchange for opening its market to American products.
Vietnam has the third-largest trade surplus with the United States after China and Mexico and has been targeted with one of the highest rates in the US president’s tariff campaign.

LINK

TIDBIT FROM MILITIAMAN: The citizens have a national card for internal use in dinar

 Militia Man 

 The citizens have a national card for internal use in dinar.  That's just like us in the United States.  When you go buy a candy bar you buy some M&M's what do you spend?  You spend dollars....

These cards they use are reducing the note count which IMV...is something that will benefit in a time of a redenomination or a revaluation. 

 I think in this particular case we're going to see something to the effect of drop the three zeros and then they will apply a real effective exchange rate.

WALKINGSTICK: For them to make this report is very good for what we're looking for!!! #iraqidinar

 

FRANK26: " 'IRAQ WILL BECOME A BANKING POWERHOUSE'... AL-HASSAN"

 KTFA

FRANK26: " 'IRAQ WILL BECOME A BANKING POWERHOUSE'... AL-HASSAN".......F26

Al-Hassan from Karbala: Iraq is not a poor country and is open to foreign investment.

7/5/2025

 

- Karbala

 

The Special Representative of the Secretary-General for Iraq, Mohammed Al-Hassan, praised Iraq's policy of disassociation from recent conflicts in the region on Saturday, stressing that the country is now open to foreign investment to improve its economic situation.

"What I witnessed in Karbala today is a vivid picture of a united Iraq," Al-Hassan said in a joint press conference with Karbala Governor Nassif Jassim Al-Khattabi, attended by a Shafaq News Agency correspondent. "What we witnessed embodies the meaning of national belonging, and that this belonging is above all considerations." He added, "The stability achieved in Iraq did not come by chance, but is the fruit of a collective will and precious sacrifices."

He stressed that "Iraq is not a poor country, but rather a country of goodness, with trained, educated and cultured human resources, not only at home but also abroad. Iraq has scientists of both genders, even at NASA, and they are distinguished." He added that "Iraq has distanced itself from the surrounding political problems, and in light of that, we only expect to see a strong Iraq with a regional and global standing."

Al-Hassan continued, saying, "Iraq's message now is no longer one of war and conflict, but rather one of peace, construction, progress, and development," noting that "Iraq is safe, secure, and open to foreign and international investment." 

 

LINK

 

FIREFLY: The United States Federal Reserve still holds our oil reserves, our money, and this affects our economy and our exchange rate

 Frank26   

[Iraq boots-on-the-ground report]   

FIREFLY:The United States Federal Reserve still holds our oil reserves, our money, and this affects our economy and our exchange rate. 

 FRANK:  Yes, America is still holding on to your oil because we are protecting it...Executive Order 13303 has something to do with it.  It's a good thing.  It's not a bad thing...Evil pigs tell you it's going to affect your exchange rate of the dinar. Well, of course it is...but in a positive way.  It's going to improve it.

IRAQ BOOTS ON THE GROUND: The exchange rate reform is officially enabled!! #iraqidinar #iqd

 

A Government Delegation From The Region Arrives In Baghdad, And An Oil Agreement Is Imminent Today

 A Government Delegation From The Region Arrives In Baghdad, And An Oil Agreement Is Imminent Today.

Time: 2025/07/07 11:24:11 Reading: 945 times  {Political: Al Furat News} An informed source revealed that a delegation from the Kurdistan Regional Government arrived in Baghdad to hold talks with Iraqi officials regarding the draft agreement between the two sides.

According to the source, the delegation includes Acting Minister of Natural Resources Kamal Mohammed, Cabinet Secretary Amanj Rahim, and Head of the Coordination and Follow-up Office Abdul Hakim Khosro.

The delegation's visit comes as Baghdad has prepared a final draft of the agreement to re-export oil and is awaiting Erbil's response, which is expected today.

A source familiar with the Baghdad-Erbil negotiations, who preferred to remain anonymous due to the sensitivity of the issue, reported yesterday that a draft agreement on the delivery and export of oil was in its final stages. He noted that the most significant amendment to the agreement entails the delivery of all oil produced in exchange for the federal government securing the Kurdistan Region's petroleum product needs.

The source in the Kurdistan Regional Government indicated that the draft agreement stipulates that a delegation from the Ministry of Oil will be sent to the region for two purposes: first, to determine the actual level of oil production, and second, to assess the extent of local needs for petroleum products such as kerosene, gasoline, and diesel, which the federal government will provide according to the agreement.

It is worth noting that the Kurdistan Region's oil exports via the Turkish port of Ceyhan have been halted since March 25, 2023, while the amendment to the budget law entered into force on February 17 with the aim of removing obstacles to the resumption of these exports.

Under the amendment, a consulting firm will assess the costs of extracting and transporting Kurdistan's oil. Until this assessment is completed, Baghdad will temporarily pay $16 per barrel to oil companies as operating costs.  LINK