More News, Rumors and Opinions Thursday PM 7-18-2024
TNT:
Economist: Financial bonds target citizens’ hoarded funds..and lists their benefits
The economic expert, Abdul Rahman Al-Shaikhli, confirmed that the financial bonds, “second issue,” target the hoarded money of citizens, while he listed its benefits.
Al-Shaikhli told {Euphrates News} that: "The bonds issued by the Ministry of Finance are the second and very important; for the purpose of withdrawing the hoarded money of citizens to revolve in the orbit of banking channels."
He added, "About 85% of the issued money is hoarded by citizens and causes an imbalance in the national economy as well as a state of inflation."
Al-Shaikhli explained, "The specified amount will be divided into two types, one for a period of one year and the other for two years with an annual profit value of 6.5% taken monthly, and also for four years the citizen can obtain it with an interest of 8.5%."
Regarding the method of obtaining this money, Al-Shaikhli explained, "The citizen, companies and individuals submit a request to the authorized bank with their original papers and documents, then the amount is delivered at the initial price of the share, and after a period of time, this money is sent with copies of the supporting documents to the Central Bank, so the transaction is completed and an official receipt is sent to the shareholder, and he has the right at that time to enter the Iraqi financial market and recover the money at the time he wishes."
He added, "These funds are not considered frozen like deposits, but rather enter the stock market, and therefore it has the right to be traded at the daily price. The issuance will be on July 22nd for a period of one month." link
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Tishwash: Iranian Foreign Ministry: America uses the dollar to unilaterally dominate the world
Iranian Foreign Ministry spokesman Nasser Kanaani said that the United States uses the US dollar to unilaterally dominate the world.
The Iranian Foreign Ministry spokesman recalled the currency agreement recently concluded between Russia and Iran to ensure the liquidity of national currencies in commercial transactions, noting that the Iranian side proposed using the same mechanism at the level of the BRICS countries.
The spokesman stressed that the BRICS countries have the necessary capacity and capabilities to promote and enhance the principle of multipolarity.
Kanaani said in an interview with RT: The whole world is already tired of Western unilateralism.
The BRICS group is moving towards expanding non-dollar payments, as the group's countries seek to move away from the US-controlled SWIFT banking correspondence system.
One of the main goals of the BRICS countries is to move away from the dollar and use national currencies in trade transactions. It is worth noting that 95% of trade transactions between Russia and China are conducted in rubles and yuan.
It is known that Russia assumed the presidency of the BRICS group on January 1 of this year.
The year began with new members joining the organization - in addition to Russia, Brazil, India, China and South Africa, the group now includes Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia.
As part of its presidency of the group, Russia organizes more than 200 political, economic and social events and activities. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [New Iraqi Dinar 3-zeros Video Review shown below in Frank26's post 3-17-2024] A 50,000 note, they showed you a picture...and then they took a magic marker and they crossed off the 3-zeros on the 50k note...that was a little misleading...Many people saw...the 3-zeros disappear from the currency and they thought I'm going to be left with a 50 note. I just lost a lot of money. No...They're not going to take your 50K note and cut the zeros out... .00076 | 1320 - These represent the exchange value of the Iraq dinar. .00076 is used by Forex to reflect the 1320 that is on the CBI website... [Post 1 of 2....stay tuned]
Frank26 It is my hope that the next step of the monetary reform will remove 3-zeros from the exchange rate that Forex is using...After we have lifted the 3 zeros the next step is it goes into a float...as an RI...Then it goes into a re-denomination. It means you got rid of those 3-zero notes... The exchange rate just changed, you now need...the smaller notes because the exchange rate just got really big. Right now the Iraqi notes are big with a lot of zeros because the exchange rate is tiny. But it is about to flip. By removing the 3 zeros from the exchange rate of .00076 you add value to the currency. [Post 2 of 2]
Why Iraq Will Increase the Value of the Iraqi Dinar
Edu Matrix: 7-18-2024
Why Iraq Will Increase the Value of the Iraqi Dinar - Iraq has placed itself in a position to increase its currency's value to survive the country's aggressive plans. Learn what this means and why.
It's "The Endgame" Financially | Francis Hunt
Liberty and Finance: 7-17-2024
We sit down with Francis Hunt to delve into the current gold market, which has recently reached all-time highs. As an expert in market trends, Hunt offers a comprehensive analysis of the factors driving gold's unprecedented surge.
Hunt breaks down the critical economic, geopolitical, and financial factors contributing to gold's record-breaking performance.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Gold update
4:43 Politics and financial system
6:50 Gold charts
13:40 Silver update
20:23 Debt-based collapse
25:05 Taking action