"Dinar Will Recover"💣US Treasury & CBI in Dubai!🤔Iraq Dinar RV Updates |...

Sudanese Financial Advisor: The informal exchange market represents only 10% of trading volume, 29 NOV

 Sudanese Financial Advisor: The informal exchange market represents only 10% of trading volume

Sudanese Financial Advisor - The informal exchange market represents only 10 percent of trading volumeThe financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the economic policy in Iraq seeks to implement the principle of monetary sovereignty, while stressing that the Iraqi dinar constitutes the only resort for exchange and pricing within the country, noting that the informal exchange market represents only 10%. from trading.

Saleh said, in an interview with the official agency, that “economic policy in general and monetary policy in particular is moving towards a new principle called (monetary sovereignty), which considers the Iraqi dinar the only refuge for exchange, pricing, and coverage of internal transactions.”

He added, “It is not permissible for the currency of another country whose monetary policy is subject to pricing and trade exchange operations within the Iraqi economy, and the principle of monetary sovereignty starts from this level.”

Saleh continued, “The problem in Iraq is the existence of two exchange markets: the first is the regular one in which exchange takes place through the central bank’s platforms, which prices the exchange rate at 1,320 dinars to the dollar as a stable and official price and defends monetary policy.”

He explained, “The second market is irregular, representing 10% of the trading rate. It is an uncontrolled market controlled by speculators and adds noise to the Iraqi economy as a whole.”

Saleh pointed out, “There are two things: the first is commodity diversification, which the government has begun through baskets that support livelihoods, including the food basket that has achieved stability in the prices of materials, as well as the medicine basket, a construction basket, and another for reserve materials that the Ministry of Commerce will launch soon, and these are funded at the official exchange rate and help to stabilize prices and counteract the noise introduced by the informal market.”

He stressed that “dealing in the dollar (dollarization) and its pricing of the internal economic movement is what is most harmful to the economy, but there is no harm in covering external transactions exclusively and through official platforms.”

Saleh pointed out, “On this basis, government policy and the policy of the Central Bank moved towards not relying on one country’s currency in foreign transactions and diversifying those currencies such as the Emirati dirham, the Turkish lira, the Chinese yuan, the British pound, and the euro, in addition to the dollar. This diversification reduces the dollarization of the economy and gives it great independence.” .

Saleh stressed, “This diversification can be generalized at the level of selling foreign currencies for travel purposes and according to the currency of the country you are traveling to. This will greatly reduce the demand for the dollar as a single currency in transactions, and the monetary and commodity diversification adds independence to the Iraqi economy.”

Regarding Iraq’s steps to provide these currencies, Saleh said, “The monetary authority in Iraq is independent and there is a wide consultation circle between it and the government. This is happening for the first time to open banking arrangements with central banks in countries that have a commercial partnership with Iraq, such as the Emirates, Saudi Arabia, Turkey, and China, and it is possible to cooperate with these countries.” Directly in their national currencies to achieve ease of conversion and exchange to finance trade and the movement of goods, supported by a stable exchange rate of 1,320 dinars, which allows for achieving stability and monetary sovereignty.”

He noted, “The demand for foreign currency is linked to the demand for goods and foreign transactions. It is dangerous to use the dollar to cover internal transactions, and monetary double-dealing has harmed Iraq. This must end, and it does not mean not providing foreign currency to citizens for the purposes of financing foreign trade or for the purposes of travel and tourism. Therefore, there are steps.” This is a major regulatory change aimed at achieving diversification through agreement with several countries with which transactions are conducted.”

He stressed, “The state has large commercial arms, and whenever it finds that there are needs affected by secondary market noise, the commercial apparatus intervenes to expand its dealings supported by a stable exchange rate, as well as in cooperation with Iraqi merchants.”

Regarding the government’s steps to strengthen the banking system, the Prime Minister’s advisor said, “There is a large team headed by the Prime Minister that directly supervises the reform of the banking system, and the largest system is the government system, whose assets dominate 85% of the assets of the banking system in Iraq, so the reform begins with government banks.” We are working on this seriously, and during the next 6 months the results of this reform will appear, and there will also be work in parallel to reform the private banking system, and there is a strong movement and cooperation in this direction with the associations of private and Islamic banks.”

nrttv.com

Vietnam upgrades ties with Japan to highest level, 29 NOV

 Vietnam upgrades ties with Japan to highest level

November 27, 2023 at 6:26 AM

HANOI (Reuters) – Vietnam and Japan on Monday officially upgraded their relations to a “comprehensive strategic partnership” during a visit by Vietnamese president Vo Van Thuong to Tokyo.

The move underlined Vietnam’s increasingly strategic role as an important link in global supply chains amid trade tension between China and the West, which is helping to bring foreign investment to the southeast Asian country as some companies relocate operations from China.

“This is an important event, opening a new chapter in the Vietnam-Japan relation,” Thuong said in a speech broadcast on national television.

The elevation of ties with Japan followed Vietnam’s historic upgrade of relations with the United States in September, when the former foes signed multiple cooperation agreements, including on semiconductors and critical minerals.

 Vietnam has designated five other countries as comprehensive strategic partners, including China, India, Russia, South Korea and the United States.

Japan is Vietnam’s third-largest source of foreign investment and its fourth-largest trading partner, with bilateral trade reaching $50 billion last year.

Several Japanese multinationals, such as Canon, Honda, Panasonic and Bridgestone, are among the largest foreign investors in Vietnam, turning it into a regional manufacturing hub, with one of the fastest-growing economies in Asia.

Vietnam and Japan, both embroiled in separate maritime disputes with China, in 2020 reached a $348 million Japanese loan agreement for Vietnam to build six patrol vessels.

(Reporting by Khanh Vu, editing by Ed Osmond)  LINK

BIG CALL HIGHLIGHTS, 29 NOV

 Tues. 28 Nov. 2023 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

• ATMs with the new Dinar rate have been placed at the Iraqi Airports.
• The new Iraqi Dinar coins are minted and will be made available to citizens on Wed. 28 Nov.
• On Wed. 28 Nov. the new Iraqi Dinar Rate will be printed in the Gazette.
• Currency dealers will be changing their currency rates Wed. 28 Nov. night after midnight.
• A top Wells Fargo Bank source said Tier4b would be exchanging either Wed. or Thurs. of this week.
• Another source said Tier4b would be exchanging on Thurs. 30 Nov.
• On Wed. 29 Nov. the Sovereigns and the Chinese Elders will be paid (starting overnight Tues. into Wed. overnight). Depending on how that goes will determine when Tier4b will be notified to set appointments.
• One Source said that notification for Tier4b (us, the Internet Group) will come after midnight Wed. night, early Thurs. morning 30 Nov.
• The Admirals Group exchanges were done, but won’t receive liquidity until Tier4b notification.
• Restitution and Recreation Allowances (a lump sum payment) and a significant increase in Social Security starts the first week of Dec. for ages 62 and over.
• NESARA came in on Thanksgiving night 11-23-2023 at 11:11pm.
• President Trump was planning on coming back in the first week of December.

Iraqi Dinar Final Countdown CBI's Triumph Over the Dollar Unveiled on Ir...

Iraqi Prime Minister Calls for Transparency in Fines Imposition, 29 NOV

 Iraqi Prime Minister Calls for Transparency in Fines Imposition

In a significant move towards fostering transparency and accountability, the Prime Minister of Iraq, Mohammed Shia’ Al Sudani, recently emphasized the need for clear and straightforward procedures in the imposition of fines on Iraqi citizens. This call from the Prime Minister signifies a commitment to ensuring citizens fully grasp the reasons and processes behind any penalties they may face.

A Step Towards Trust Building

Such a move is aimed at building trust between the government and the public, preventing potential misunderstandings or grievances that could arise from the imposition of fines. It is a step towards establishing a more transparent government, where the citizens are kept in the loop about their rights and obligations, reducing the chance of any perceived injustices.

Promoting Good Governance

The Prime Minister’s statement also underscores the Iraqi government’s ongoing effort to promote good governance and accountability within its operations. It is part of a broader initiative that seeks to instill a culture of transparency and fairness in all governmental procedures, encouraging citizen participation and promoting the rule of law.

Implications for the Future

This move by the Prime Minister serves as a strong indication of the government’s commitment to open governance, a factor that plays a critical role in a country’s political stability and economic prosperity. It marks a positive step towards improving public trust in the government, fostering a sense of shared responsibility for the country’s future, and enhancing the overall quality of governance in Iraq.

https://bnn.network/politics/iraqi-prime-minister-calls-for-transparency-in-fines-imposition/

"RV UPDATE" BY FRANK26, 29 NOV

 Frank26 

  There's going to be a meeting with the CBI and the US Treasury in Dubai.  All you got to do is figure it out.  The first [meeting in Washington] was for what?  The American dollar.  So you go to the US Treasury.  This one is important for what?  The Iraqi dinar.  So you go to a place like Dubai. Would you go anywhere else?   ...It is exciting times.  It's amazing what's going on.   

 JP Morgan Chase is now actively involved with the Iraqi dinar.  They may doubt it half the time but the other half they guide you. 

 The Chief Executive Office of Chase Mr. Diamond released a document last month saying his bank is now supporting the Iraqi dinar 100% and he's building Chase Banks in Iraq.  The employees of Chase do not know what's going on in order to protect the corporation that will soon be exchanging the Iraqi dinar in America...

 Our time is coming to an end in my strong opinion.  I'm excited about the fact that 2024 is around the corner.