More News, Rumors and Opinions Tuesday PM 7-18-2023
TNT:
CandyKisses: Major countries take decisive steps to abandon the dollar
Information/ follow-up.
India has taken a number of important steps over the past few days in trying to shake off the dollar's dominance and strengthen its local currency's global standing. It signed an agreement with the UAE that allows it to settle business transactions in rupees instead of US dollars.
Meanwhile, India and Indonesia intend to settle bilateral transactions in local currencies and connect their rapid payment systems, according to an Indian government official.India and the Emirates.
Industry and government sources said India and the UAE may announce the initiation of a rupee-for-dirham payment mechanism for bilateral trade settlement during Prime Minister Narendra Modi's visit to Abu Dhabi, which begins on Saturday.
The move reinforces India's efforts to reduce transaction costs by reducing remittances in dollars.
The two countries also agreed - during Indian Prime Minister Narendra Modi's visit to the UAE - to set up an instant payment mechanism to facilitate cross-border money transfers.
CandyKisses: Iraq lives two weeks at 'half-boil'
{Local: Al-Furat News} Experts expected that Iraq will witness, next week, a significant rise in temperatures.
The "Green Iraq" observatory, which specializes in the environment, said on Tuesday that the next week and the following will witness a significant rise in temperatures.
The temperature is expected to exceed half boiling down to 52°C.
The Observatory pointed out that on July 22, 2026, Basra province recorded the highest temperature in recent years in Iraq and Asia, reaching 53.6 degrees Celsius.
Basra province recorded the highest temperature in the world on Monday, along with seven other Iraqi regions as the hottest in 24 hours.
The Placerville station in California published a schedule of 15 global regions and cities that recorded the highest temperatures in the world in the last 24 hours.
The table showed that the Hussein neighborhood in Basra achieved the highest temperature of 50 degrees Celsius, followed by the Amadiyah area in Iran with 49.6 degrees Celsius, and then the Iranian city of Abadan came with a temperature of 49.3 degrees Celsius.
According to the table, the city of Amara in Maysan province came sixth, with a temperature of 48.6 degrees Celsius, and the city of Nasiriyah in Dhi Qar came seventh with a temperature of 48.6 degrees Celsius.
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Tishwash: Starting from tomorrow.. A deputy confirms the implementation of the budget items in all state institutions
Member of Parliament, Muhammad Radi, revealed today, Tuesday, the date for implementing the general budget law in ministries and government institutions, while confirming that the Ministry of Finance will send the budget to all ministries tomorrow or the day after.
Radi said in an interview with the information agency, "The launch of the salaries of the new job grades will take place after the completion of sending information and orders in all institutions and state ministries," noting that "there are thousands of new recruits awaiting the release of their salaries with the budget."
And he continued, "The implementation of the budget will be decided this week after it was also circulated to all governorates," pointing out that "there are many job grades that have been allocated and are awaiting full implementation to open the doors for submission to them."
And on the date of implementation of the general budget, between Radi: "The Ministry of Finance will send the budget to all ministries and institutions tomorrow or the day after tomorrow."
Many segments of society are waiting for the implementation of the budget on the ground, especially after the appeals submitted by the government to the Federal Court were answered, in addition to the cessation of many service projects due to the lack of financial funding for them, amid warnings of continued delay in its implementation seven months after its approval in the House of Representatives. Ende link
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Courtesy of Dinar Guru
Petra ...We do know that somebody dealing with the deployment of the new rate dropped the ball…hence the UST personnel being sent to Iraq to GET IT DONE! ...the game of chicken was lost when the “execution” of the rate and notes was not accomplished in the time frame Sadani wanted...
Frank26 I know they were supposed to open the budget...with instruction and they did not. Once again I say who cares. We know the cha-cha-cha of this dance. The Middle East does not have a watch. They use a sundial and it just take a little longer to develop...
ALERT! There Will be No "Gold Backed" BRIC's Currency Without a TOTAL DERIVATIVE MELTDOWN!
(Bix Weir) 7-18-2023
The talk of a BRIC's Gold Backed Currency is just that...TALK!
I'm not saying they aren't going to try to do something but whatever they do try will fail faster than you can say..."Click the Mouse!"
To introduce sound money into a world where there is NO TRUE PRICE DISCOVERY is a total and complete waste of time.
Gold prices are RIGGED in EVERY CURRENCY so how can ANYTHING be valued in gold?!
Having said that...it may be the ONLY ALTERNATIVE after the CRASH of the $2.5 Quadrillion derivative market!