DINARRECAPS8 11/29/24 DINARRECAPS8 11/29/24

Seeds of Wisdom RV and Economic Updates Friday Afternoon 11-29-24

Good Afternoon Dinar Recaps,

BRICS NEWS: BRICS DETERMINED TO TRADE IN LOCAL CURRENCIES, NOT US DOLLAR

The BRICS alliance is determined to trade in local currencies and not the US dollar for cross-border transactions. The US dollar is seen as an adversary that hinders their growth in the global financial sector. Local currencies are seen as an alternative option that can bring the hegemony of the USD down.

BRICS: Local Currencies First & Not the US Dollar

Good Afternoon Dinar Recaps,

Similar to the phrase ‘America First‘, the BRICS bloc is now emerging to make ‘local currencies first’. The bloc is pulling every trick up its sleeve to sideline the US dollar for cross-border payments. From oil deals to copper trade and infrastructural loans, the alliance is aiming to push local currencies for settlements.

Many other developing countries are keen on joining the bandwagon and could soon jump on the de-dollarization train. Several nations in Africa are on the sidelines and could seek the help of BRICS to put their local currencies to use.

The move will strengthen their native economies and make businesses thrive. It will also provide a way for their local currencies to make a mark in the currency markets.

@ Newshounds News™

Source: Watcher Guru

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BRICS NEWS: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR FOR TRADE

BRICS members Russia and Iran announced that they have officially abandoned the US dollar for trade between the two nations. Russia reported that 96% of all cross-border transactions between Iran have been settled in local currencies, the ruble and rial. In 2024, the usage of local currencies between Russia and Iran is up by 12.4%, making 96% of all settlements.

“We (BRICS members Iran and Russia) have entered into a currency agreement with Russia and fully removed the US dollar. Now we only trade in rubles and rials,” said the Governor of the Central Bank of the Islamic Republic, Mohammad Reza Farzin. However, both nations face sanctions as the White House has made it difficult to accept the US dollar.

In July this year, both the BRICS countries agreed to a currency swap policy signed by the Russian and Iranian central banks. They also completed the integration of Russia’s Mir payment as a replacement for the SWIFT messaging system and the US dollar. Russia also allowed Iranian citizens to withdraw the rial in ATMs across the country.

BRICS: Russia & Iran Sidelines the US Dollar, Trades in Local Currencies

While the US pressed sanctions on BRICS member Russia to weaken its economy, the Kremlin is bypassing the sanctions by convincing other countries to ditch the US dollar and begin using local currencies. The de-dollarization initiative is growing and many developing countries are now eager to join the bandwagon.

@ Newshounds News™

Source: Watcher Guru

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TAIWAN ENFORCES AML REGISTRATION MANDATE FOR CRYPTO PROVIDERS

Taiwan accelerates its crypto AML mandate, imposing stricter registration rules and penalties for noncompliance.

Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations.

On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline.

Per the previous notice, virtual asset service providers (VASPs) failing to register with the government could be subject to a two-year prison sentence or fines of as much as 5 million New Taiwan dollars ($155,900).

The new mandate includes previously registered crypto businesses

According to Taiwan FSC records, 26 crypto providers are currently approved to continue to offer their services. All crypto entities, whether previously registered or not, must register in accordance with the new AML mandate. The authority said:

“No business operators have completed the Money Laundering Prevention Registration under the VASP Registration Measures.”

The authority provided a checklist of items crypto exchanges can use to track suspicious transactions or activities. When identifying suspicious customers, crypto service providers must look for names and bank account details, location via IP addresses, multiple trading accounts and frequent information changes, among other things.

Crypto exchanges in Taiwan were also asked to track unusual transaction activities, including but not limited to splitting funds, utilizing multiple accounts with the same IP address and switching assets.

Cracking down on crypto exchanges violating AML laws
According to a Regulation Asia report, the FSC fined crypto exchanges MaiCoin and BitoPro on Nov. 28 for AML violations in relation to customer due diligence (CDD), transaction monitoring, record-keeping and suspicious transaction reporting.

To register with Taiwan’s AML regulation, crypto service providers are required to submit a one-page form detailing the nature of their businesses.

The form states that any changes to the business or the information provided should be provided to the Securities Over-the-counter (OTC) Trading Center within five business days.

Crypto businesses will also be required to establish a quality management system for accounting and auditing their finances.

@ Newshounds News™

Source: CoinTelegraph

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RETAILERS PUSH FOR A DELAY IN ROLLOUT OF RUSSIA’S CBDC

In October the Bank of Russia revealed a time frame for the roll out of the digital ruble, which forms part of a Bill that has been submitted to the State Duma. The mass rollout date is 1 July 2025. By that time the largest banks and retailers must support the central bank digital currency (CBDC). Now the Ministry of Industry and Trade has asked for a longer timescale of up to two years, similar to that provided to smaller retailers, the Izvestia newspaper reported.

The 1 July deadline applies to retailers with a turnover of more than 30 million rubles ($274,000). Those with incomes between 20 to 30 million rubles have one extra year, and smaller firms have two years.

The Ministry complained that there are still no rules for the operation and functioning of the digital ruble, so it doesn’t allow sufficient time for retailers to prepare and for adapting their point of sale software.

Trade bodies agree. “We believe it is necessary to refrain from legislatively establishing specific deadlines for launching systems at the trade level and to provide for a transition period of at least two years, during which companies will carry out the necessary work,” a letter from the Retail Companies Association (ACORT) states.

Another industry body, the Association of Internet Trade Companies (AITC), has similar views. It said, “The absence of such important provisions does not give businesses the opportunity to assess the costs of implementation time, the necessary human resources, expenses for the company, and also to understand to what extent companies are ready to implement such payments.”

The main benefit of a CBDC for retail outlets is reduced acquiring fees, so retailers will pay less for processing payments.

What’s the rush?
Stepping back, one of the big motivators for a CBDC is for cross border payments in order to circumvent sanctions. If a CBDC isn’t rolled out domestically, then a cross border CBDC would need direct integration with the domestic payment system.

With the cross border payment platform mBridge, the only member that currently has a domestic CBDC is China, and even that is in pilot mode. Hence, it’s not completely clear why there’s such a rush in Russia. Especially given the central bank has a few other issues to deal with given the war with Ukraine.

On the other hand, Russia is known for its software prowess, and is trying to lead the BRICS Bridge cross border payment project. Hence, having an operational domestic CBDC gives it more credibility.

@ Newshounds News™

Source: Ledger Insights

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THE UGLY TRUTH ABOUT AMERICAN COURT LAW NO ONE TELLS YOU | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

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DINARRECAPS8 11/29/24 DINARRECAPS8 11/29/24

How To Create a ‘Splurge’ Fund To Avoid Debt and Regret

Brooke Barley Thu, November 28, 2024 GOBankingRates

Many people think a budget means there is no room for fun purchases, but that’s not the case. There are ways to spend money on enjoyable experiences without going overboard.

Here’s how to budget the smart way while still making sure to leave room for splurges, according to financial experts.

Track Spending

The first step to creating a “splurge” fund is to know exactly where your money is going.

How To Create a ‘Splurge’ Fund To Avoid Debt and Regret

Brooke Barley Thu, November 28, 2024 GOBankingRates

Many people think a budget means there is no room for fun purchases, but that’s not the case. There are ways to spend money on enjoyable experiences without going overboard.

Here’s how to budget the smart way while still making sure to leave room for splurges, according to financial experts.

Track Spending

The first step to creating a “splurge” fund is to know exactly where your money is going.

Julie Guntrip, the head of financial wellness at Jenius Bank, suggested setting up a budget with three different priorities: needs, wants — aka the splurge fund — and savings. Once these are tracked for a month, Guntrip explained, patterns will emerge and will help dictate how much there is to spend on wants.

“This practice could provide an opportunity to spot patterns in discretionary spending and rethink them. This information could motivate you to adjust your behavior and be more intentional in your discretionary purchases so that you skip the meaningless extras and focus your resources on the things that bring you the most joy,” she said. Financial wellness is about balance — being able to indulge in the moment and still work toward growing your wealth and securing your future.”

Define Needs and Wants

In order to track what’s absolutely necessary and what’s discretionary, Guntrip suggested labeling each expenditure.

Dinar Recaps 20 11/29/24 Dinar Recaps 20 11/29/24

News, Rumors and Opinions Friday Afternoon 11-29-2024

Gold Telegraph: The World is Catching up

Nov. 28, 2024

The Czech Republic’s central bank aims to double its gold reserves to 100 metric tons within three years.

He says: “We need to reduce volatility; we need an asset with zero correlation to stocks, and that asset is gold.”

Gold is the foundation of the monetary system.

What do the 1930s and today represent in the United States? The net worth of the top 0.1% of the population is roughly equal to that of the bottom 90% combined. So, what happened in the 1930s?

Those dismissing the record pace of insider stock dumping overlook clear historical patterns. Meanwhile, central banks face massive unrealized losses, limiting their ability to print endlessly in the next major crisis. Now is the time for outside-the-box thinking.

Gold Telegraph: The World is Catching up

Nov. 28, 2024

The Czech Republic’s central bank aims to double its gold reserves to 100 metric tons within three years.

He says: “We need to reduce volatility; we need an asset with zero correlation to stocks, and that asset is gold.”

Gold is the foundation of the monetary system.

What do the 1930s and today represent in the United States? The net worth of the top 0.1% of the population is roughly equal to that of the bottom 90% combined. So, what happened in the 1930s?

To all the American readers and viewers, I would not be able to do what I love without you all.

Happy Thanksgiving. I hope it’s golden.

Buy now, pay later is surging in the United States. I warned about it years ago. Now, many people cling to it just to survive. This will end in tears. How this program is even allowed still baffles me.

BREAKING NEWS: AN EX-CHANCELLOR IN THE UK IS WARNING THAT A PLAN BY BRICS COUNTRIES TO CREATE A SEPARATE BANKING PAYMENTS SYSTEM COULD RENDER INTERNATIONAL SANCTIONS USELESS.

The world is catching up.

“Lord Lamont of Lerwick warned that a rival payments system would be a major threat to the Western-led financial system if it ever came to pass…”

Source: https://www.irishnews.com/news/uk/new-brics-banking-system-would-render-sanctions-useless-ex-chancellor-warns-GCMF6U5ZY5KRJHFU3SJHB4IT54/

Testifying before Congress as Fed chairman in 2015, Janet Yellen tersely informed the House Financial Services Committee “I don’t believe that the Fed should chain itself to any mechanical rule.” Unchained from rules—now that’s tyranny. – @judyshel

https://www.wsj.com/opinion/trump-is-right-to-put-the-screws-on-the-fed-interest-rates-inflation-4709d07a

In my conversation with @judyshel, she shared a powerful story involving Janet Yellen, the current U.S. Treasury Secretary:

In a July 1996 Federal Reserve meeting, Janet Yellen argued for a 2% inflation target, citing a Keynesian perspective tied to “money illusion.”

She explained that giving workers a nominal 1% raise during 2% inflation effectively cuts real wages without them noticing. This perspective was met with laughter around the table. However, the laughter was clearly at the expense of regular Americans, whose purchasing power would be eroded.

https://dinarchronicles.com/2024/11/28/gold-telegraph-the-world-is-catching-up/

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Courtesy of Dinar Guru: https://www.dinarguru.com/

Militia Man What is expected from Iraq is a real effective exchange rate. I think that is what's coming. I think everybody has that expectation and they're openly telling them that expectation is real. They're doing it through media. That's happening. TV outlets have been describing the on goings in Iraq and also the neighboring countries and the trading partners. To me the expectations are amazing.

Militia Man They're talking about "financial risks". They weren't talking in that way when they were moving forward into an international world with the 1310. They're talking about preparedness for a change...They're focusing in on their banking sector. Article quote "These days there's growing interest in the banking sector in general both government and private sectors..." The banking sector is looking to be in good shape for this new stage. That's what they're presenting...

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Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

25 November 2024

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets.

This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary. The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar. Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system.

Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers. By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

Read Full article here: https://www.usagold.com/reviving-the-gold-standard-judy-sheltons-proposal-for-a-gold-convertible-treasury-bond/

Stock Market Highs, Consumer Lows: Adam Taggart on America’s Economic Divide

Kitco News : 11-29-2024

With U.S. debt surpassing $36 trillion and a debt-to-GDP ratio at 120%, Adam Taggart, host of Thoughtful Money, breaks down the alarming implications for the economy and investors.

In this in-depth conversation, Taggart examines the growing divide between Wall Street and Main Street, inflation’s impact on purchasing power, and the challenges of navigating an overvalued market driven by narrative and exuberance.

Taggart also delves into the Federal Reserve’s unusual rate-cut strategy amidst record debt, Trump’s pro-growth policies, and what it will take to transition to a stronger economy.

From the rise of gold and Bitcoin to the debate over fiat currency, sound money, and central bank digital currencies, this is a must-watch for anyone seeking clarity in a confusing economic landscape. Don’t miss it!

00:00 Introduction

02:04 Consumer Behavior and Economic Indicators

03:51 Market Sentiment and Investment Trends

05:26 Bitcoin and the FOMO Effect

07:37 Stock Market Valuations and Investor Expectations

11:30 The Divide Between Wall Street and Main Street

14:11 Trump's Economic Policies and Future Outlook

18:51 Federal Reserve and Interest Rate Predictions

21:35 Conclusion

https://www.youtube.com/watch?v=Rpg3U9qlIWo

Dinar Recaps 20 11/29/24 Dinar Recaps 20 11/29/24

BRICS+ Nations Determined to Trade in their Own Currencies

BRICS+ Nations Determined to Trade in their Own Currencies

Geopolitical Analyst: 11-29-2024

The global economic landscape is undergoing a significant transformation as the BRICS+ nations — Brazil, China, Egypt, Ethiopia, India, Iran, the Russian Federation, South Africa, and the United Arab Emirates — intensify their efforts to trade using local currencies.

This development, emphasized during their 16th summit in October 2024, highlights a collective determination to reduce reliance on the US dollar and euro, two currencies that have long dominated international trade.

BRICS+ Nations Determined to Trade in their Own Currencies

Geopolitical Analyst: 11-29-2024

An economic and political imperative drives these countries to promote trading in their currencies. The reliance on major currencies often leads to increased transaction costs and vulnerabilities tied to the fluctuations and availability of these currencies.

For many nations, particularly those in the Global South, trading in currencies like the US dollar is fraught with challenges. Countries such as Ethiopia, whose currency (the birr) is not widely accepted internationally, face significant barriers when trying to engage in trade or to repay debts typically denominated in foreign currencies.

One principal advantage of using local currencies is lowering transaction costs. By trading in their own currencies, BRICS+ countries can streamline the process, making it easier and more efficient to conduct cross-border transactions. This financial autonomy not only enhances trade fluidity but also allows these nations to avoid the pitfalls of relying on currencies that are often tied to political agendas and economic sanctions.

Historically, certain currencies have garnered trust and value because they are backed by nations with robust economies and stable political systems. The US dollar, the euro, the British pound, and the Japanese yen have served as the currencies of choice for international trade, providing a sense of safety for traders and investors alike.

However, the need to transact in these dominant currencies can create economic bottlenecks for developing countries. For instance, if a country cannot earn enough of these major currencies through exports, it struggles to fulfill its import needs or pay off debts, which can hinder economic growth and overall development.

In the unique case of Russia, the country faces extensive sanctions due to its aggressive foreign policies, particularly its conflict with Ukraine. Here, diversifying currency options may offer a pathway to navigate these sanctions, allowing Russia to engage in international trade with alternatives to the dollar or euro.

The political motivations behind this shift are equally compelling. The imposition of sanctions, particularly through the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, has increasingly been used as a tool to exert pressure on nations. Established in 1973, SWIFT has become the backbone of international payments, facilitating secure communication between financial institutions globally. It has been used to impose financial sanctions on various countries, including Iran, Russia, and North Korea, effectively restricting their access to international financial markets.

By moving towards local currency trading, BRICS+ nations can potentially insulate themselves from future sanctions that utilize the current financial infrastructure which they cannot control. In doing so, they seek to reclaim their financial sovereignty and create a more balanced global trading environment.

While the move towards trading in local currencies is promising, it is fraught with challenges. The success of such a shift will depend on the willingness of these countries to establish robust financial systems capable of facilitating international trade without relying on the major currencies. Moreover, trust in local currencies must be cultivated among member nations and their trading partners for these currencies to gain acceptance on the global stage.

In conclusion, as BRICS+ nations embark on this journey towards de-dollarization, they navigate a complex landscape dominated by longstanding economic practices and geopolitical intricacies.

While the ambition to trade in local currencies holds the potential to reshape international trade dynamics and enhance economic resilience, its realization will require concerted efforts, cooperation, and trust among member states. The outcome of this initiative could largely determine the future of international trade and finance as a whole.

https://youtu.be/Kr6agqDQUNc

Dinar Recaps 20 11/29/24 Dinar Recaps 20 11/29/24

Coffee with MarkZ and Mr. Cottrell 11/29/2024

Coffee with MarkZ and Mr. Cottrell 11/29/2024

MarkZ Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good Morning to all….Hope you had a wonderful Thanksgiving Day.

Member: I hope everyone had a great family day yesterday and that there is some great RV news today!

Member: Today would be a great day for an RV

Coffee with MarkZ and Mr. Cottrell 11/29/2024

MarkZ Update- Some highlights by PDK-Not verbatim

Member: Good Morning to all….Hope you had a wonderful Thanksgiving Day.

Member: I hope everyone had a great family day yesterday and that there is some great RV news today!

Member: Today would be a great day for an RV

MZ: I really thought we might be across the finish line before thanksgiving.

Member: With Thanksgiving behind us, I would think they could announce this anytime now.

MZ: On the groups, historic bonds and contact side…. Most of my sources are traveling to get back in position today. If there is any updates I will share them …but, probably nothing until tomorrow morning.

Member: What tier would we be considered to be in? Also, how would we be notified when and where to exchange our currency?

MZ: We are in tier 4…..4a is where they have already turned in their currency and have SKR’s (safe keeping receipts) ….We are considered 4B because we are still holding our currency

Member: There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

MZ: “After the decision to cancel the platform –Will we see a crazy rise in dollar prices in Iraq? If they support the value of the dinar they are going to be just fine. If they raise the value of the dinar- they don’t have to worry about it anymore.

Member: MARK, how does IRAQ even run their government at such a junk rate? They are building ports, buildings, etc., How do they do all this with crappy rate?

Member: If they already know that activating the new Rate would kill the Black market rate then what the heck are they waiting for. They've been saying this since last summer...

Member: if they stop the auctions in December like they say they are…They have to RV at that time…imo

MZ: “ Electronic Payment: 18 million cards used in Iraq” A third of the population now use traditional banking cards.

MZ: “How does the United Nation view the Sudanese governments steps in the economic file?” in short- they love it. Sudani has gotten more done in his term than anytime in the 15-20-years. Even Fitch has moved Iraq up to a “B” credit rating.

Member: (From Dinar Guru) Mnt Goat ...The news from Iraq is all still very good. There is so much progress. The BIG event of course, will be the ending of the current currency auction process and use of the new system already to implement. The CBI has told us that nearly 95% of the current payments needed for imports is covered by the four (4) correspondent banks for this purpose... remember that the clock is ticking and other outside banking relationships must take place but will most probably never take place unless the IQD is valuable again and most importantly on these terms it must also be reinstated back on FOREX for investors to “legally” use this currency in their portfolios of investments for their clients. This is the key. Yes, this is really just where we are right now...

MZ: Yes they were 95% done with the new system and should be finished in the next week.

Member: And Sudani wanted the monetary reform done by victory Day on Dec 10th.

MZ: Yes- all my contacts are saying between and Dec. 10th.

MZ: Cycles tell us we will reset to a commodity based world. It is not a question of “if” it’s just “when”

Member: Fiat currency systems usually last 35-50 years…this one lasted 54 now.

MZ This fiat system is well past its expiration date.

Member: Does the system have to crash before we see the RV?

MZ: was told the Fed will fold into the US Treasury and USTN’s (United States Treasury Notes) are released at the same time.

Member: Why cant we just go to any bank to exchange instead of redemption centers?

Member: Go ahead, run out to banks, get a low ball rate, and don’t get any of the perks! Security is already in place at the banks, ie redemption centers

Member: it’s a free country – do what you want….But I am going to a redemption center/redeeming bank and get the best rates, best security and best perks.

Member: Some people think the Dinar will go international on Forex on Monday morning when the Sydney exchange opens.

Member: This RV is teaching us patience.

Member: My epitaph will read “and she waited” lol

Member: Please let this be our last week to wait!!!

Member: Mods you are always appreciated for what you do for the community!!!

Member: Thanks Mark and Mr. C…..Hope everyone stays safe this Black Friday

Mod: SEE YALL IN THE MORNING. NO PODCAST TONIGHT

Mr. Cottrell joins the stream today. Please listen to replay for his information and opinions.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

NO PODCAST TONIGHT. JOIN US TOMORROW AT 9:45 AM

Twitch: https://www.twitch.tv/theoriginalmarkz

Youtube: https://www.youtube.com/watch?v=_zAx9w8gwDE

DINARRECAPS8 11/29/24 DINARRECAPS8 11/29/24

Iraq News Highlights and Points to Ponder Friday AM 11-29-24

Judiciary Warns Of The Danger Of Currency Smuggling

November 28, 2024 Baghdad/Al-Masala: The Supreme Judicial Council warned, on Thursday, of the danger of currency smuggling and its harm to the national economy and development, while revealing the latest methods of currency smuggling and how to pursue it.

The judge of the Integrity and Money Laundering Investigation Court, Iyad Mohsen Damd, said in a statement to Al-Qada newspaper, “Currency smuggling is one of the crimes that has economic and social impacts, most notably harming the national economy by taking hard currency out of the country and pushing it into circulation in the economic market of other countries.”

Judiciary Warns Of The Danger Of Currency Smuggling

In light of the technical and technological developments that the world is witnessing, as Damd points out, “currency smugglers have developed their means and methods of smuggling money, and one of the most recent methods that we have been presented with in practical reality is smuggling currency through prepaid electronic payment cards,

where the accused agrees with ordinary citizens to issue payment cards in their names in exchange for small amounts that he gives them, then he fills the cards, carries them and takes them out of the country through airports, and then withdraws the amounts in cash through ATMs in the countries to which he travels.”

Among the methods of smuggling money, Damd stated that “some criminals resort to the currency sales window at the Central Bank of Iraq to buy dollars, and then transfer the money to foreign bank accounts under the pretext of importing goods without there being a real import operation.”

Regarding the legal procedures, he pointed out that “the courts currently consider currency smuggling crimes in accordance with the provisions of Resolution 58 of 1982, the penalty for which is life imprisonment, and sometimes it is adapted according to Article 43 of the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015, which is a misdemeanor, and the decisive factor in determining the penalty is the circumstances and facts of the case.”

The judge in charge of combating money laundering stated that “there are legal procedures represented by the enactment of laws that require combating currency smuggling and impose deterrent penalties on perpetrators, and there are institutional procedures represented by the formation of security and intelligence agencies concerned with combating this crime, arresting its perpetrators, and presenting cases before investigating judges.”

Regarding the obstacles facing the pursuit of currency smugglers, he stated that “the obstacles are represented by the difficulty of tracking and uncovering some of the smugglers’ methods, especially when they use modern methods and advanced technologies. Another obstacle is the fact that the crime is organized and is committed by transnational gangs. It is known that transnational crimes are complex and difficult to track and trace in terms of inspection, arrest and prosecution procedures.”

Regarding technological progress and its impact on increasing or reducing these crimes, the judge described technological development as “a double-edged sword, as criminals can exploit it to develop methods of currency smuggling, speed it up, and complicate the procedures for tracking it.

On the other hand, the competent authorities can benefit from it by combating the crime of currency smuggling by developing inspection and inspection devices at airports, as well as by developing systems to combat money laundering and currency smuggling, and by using technology to activate the due diligence procedures that must be followed to reduce the danger and extent of currency smuggling.”

For his part, the judge of the Third Karkh Investigation Court, Muhammad Khalid Jiyad, revealed “other modern methods used in currency smuggling and money laundering operations, which are represented by importing goods from neighboring countries through fictitious deals or attaching forged invoices in which prices are inflated to high levels or through (K-Card) cards.”

Jihad explained that “currency smugglers collect a large number of Key Cards and Visa Cards after filling them with national currencies and traveling with them outside Iraq and withdrawing the amounts deposited in them in dollars or by purchasing electronic game cards from the Internet in dollars, as well as through drug and weapons trade and oil smuggling.”

He explained that “traders and importers evade legal accountability by importing under fictitious names, as most of them are not registered for taxes or do not possess an import certificate that originally allows them to conduct commercial exchange.”

He warned of “the danger of currency smuggling, which causes economic inflation by doubling or more the prices of goods,” indicating that “these crimes have led to the instability of the country’s economic situation, the fluctuation of the exchange rate of foreign currencies against the value of the Iraqi dinar, and the spread of poverty, classism, and ignorance in society.”

“The biggest obstacle facing the concerned authorities in pursuing foreign currency smugglers is the fact that the ownership of the dollar is restricted to a certain group or parties that control the devaluation or increase of the local currency against the dollar, which has created a kind of dominance and monopoly supported by an umbrella and official decisions,”

Jiyad continued, noting that “the financial policy has failed to achieve stability in the exchange rate of the dinar against the dollar, in addition to the difficulty of uncovering people who launder money and smuggle hard currencies, as this type of crime is covered by a commercial nature.”

He pointed out that “one of the reasons for not controlling smuggling is the border crossings that are not controlled by the General Authority of Customs, as well as the presence of some smugglers outside Iraq and of different nationalities, which makes it difficult to reach them and hand them over to the Iraqi state due to international law, as the handing over of smugglers is according to the principle of reciprocity and extradition agreements between countries.”

Regarding the measures taken to confront currency smugglers, he stated that “the Central Bank of Iraq plays an important role through its policies, so a special policy must be set for the bank and translated according to instructions and controls and applied to all banks and financial institutions strictly, in addition to the special oversight that is represented by practicing auditing procedures related to oversight of financial institutions.”

Regarding the judicial efforts in this field, Jihad stressed that “the Iraqi judiciary has an important role in confronting this crime through the judicial rulings it issued against currency smugglers, where the provisions of Article (456) of the Penal Code were applied, in accordance with Article (57) of the Iraqi Banking Law No. 94 of 2004, which states that (any person who practices banking activities and works without a banking license issued by the Central Bank of Iraq is considered guilty and subject to prosecution, and the fraud penalty stipulated in the Penal Code shall be applied against him).”

He added that “Article (456) of the Penal Code punishes anyone who obtains or transfers possession of movable property owned by another to himself or to a person by using fraudulent methods or by adopting a false name or incorrect description or by reporting a false matter about a specific incident, whenever this is likely to deceive the victim and induce him to surrender.”

The judge explained that “actions are taken against natural and legal persons who practice banking activities such as financial transfers abroad without having a license to do so according to their certificate of establishment, and the provisions of the dissolved Revolutionary Command Council Resolution No. 58 of 1982 are also applied, which states (first):

Anyone proven to have smuggled money outside Iraq for the purpose of investment shall be punished with life imprisonment, and his movable and immovable assets located in Iraq shall be confiscated and registered in the name of the Ministry of Finance.”

He pointed out that “Article (38) of the Anti-Money Laundering and Terrorism Financing Law 39 of 2015 stipulated (First: The funds involved in the crime must be confiscated…), and the decision of the dissolved Revolutionary Command Council No. 58 of 1982 included the confiscation of movable and immovable funds located in Iraq for anyone proven to have smuggled funds and specified the entity in whose name these confiscated funds are registered (the Ministry of Finance).”

https://almasalah.com/archives/106721

"Innovative" Methods For Smuggling Dollars In Iraq... And The Perpetrators Are "Safe

Reports Economy News – Baghdad Two judges specializing in integrity, money laundering and smuggling cases revealed the latest methods used in money laundering and smuggling crimes in Iraq, which are represented by the use of electronic cards or fictitious imports, while they indicated that the biggest obstacles facing the pursuit of money laundering is the monopoly of the dollar for certain categories covered by legal decisions.

The judge of the Integrity and Money Laundering Investigation Court, Iyad Mohsen Damd, told Al-Qada newspaper that “currency smuggling is one of the crimes that has economic and social impacts, most notably harming the national economy by taking hard currency out of the country and pushing it into circulation in the economic market of other countries.”

He explained that “currency smugglers have developed their means and methods of smuggling money, and one of the most recent methods that have been presented to us in practical reality is smuggling currency through prepaid electronic payment cards, where the accused agrees with ordinary citizens to issue payment cards in their names in exchange for small amounts that he gives them, then he fills the cards, carries them and takes them out of the country through airports, and then withdraws the amounts in cash through ATMs in the countries to which he travels.”

He pointed out that "some criminals resort to the currency sales window at the Central Bank of Iraq to buy dollars, and then transfer the money to foreign bank accounts under the pretext of importing goods without there being a real import operation."

For his part, Judge of the Third Karkh Investigation Court, Muhammad Khalid Jiyad, reveals other modern methods used in currency smuggling and money laundering operations, which are represented by “importing goods from neighboring countries through fictitious deals or attaching forged invoices in which prices are inflated to high levels or through (K-Card) cards.”

He explains that “currency smugglers collect a large number of Key Cards and Visa Cards after filling them with national currencies and traveling with them outside Iraq and withdrawing the amounts deposited in them in dollars or by purchasing electronic game cards from the Internet in dollars, as well as through drug and weapons trade and oil smuggling.”

He stressed that "traders and importers evade legal accountability by importing under fictitious names, as most of them are not registered for taxes or do not possess an import certificate that originally allows them to conduct commercial exchange."

he said, noting that “the financial policy has failed to achieve stability in the exchange rate of the dinar against the dollar, in addition to the difficulty of uncovering people who launder money and smuggle hard currencies, as this type of crime is covered by a commercial nature.”

He also attributes the reasons for the lack of control over smuggling to “the border crossings that are not controlled by the General Authority of Customs, as well as the presence of some smugglers outside Iraq and of different nationalities, which makes it difficult to reach them and hand them over to the Iraqi state due to international law, as the handing over of smugglers is according to the principle of reciprocity and extradition agreements between countries.”

https://almasalah.com/archives/106721

"Innovative" Methods For Smuggling Dollars In Iraq... And The Perpetrators Are "Safe

2024-11-29 | 1,717 views SumerianNews – Local The major embezzlement case that took place inDiyalaWhich was known as the theft of the century, kept secret withoutAdvertisementAbout the results of the investigations into it.

The case included the seizure of billions of dinars of compensation funds allocated to victims of terrorism.

Reports indicate that the stolen amount amounts to 9 billion dinars, amid accusations against employees in the governorate’s office.

An informed source said, "The funds were gradually withdrawn over several months, using forged checks."

He added that "the ongoing investigations revealed the involvement of no less than five employees, including accounting officers, two of whom were arrested and large sums of money were seized, while the search for the rest is still ongoing," explaining that "the investigations included cooperation from Integrity And the security authorities to track down those involved and prevent them from traveling.

However, the representative of the province Diyala Ahmed Al-Moussawi recently revealed that the value of the “theft of the century” has increased in The province To 40 billion dinars.

Al-Moussawi said: “We are waiting for the competent authorities to investigate and reveal the theft of approximately forty billion dinars, according to the information that reached us,” explaining that “the judiciary and the Integrity in Diyala We are facing a major test to clarify the details of this theft and those involved in it.

He called for "following up on the issue and supervising the investigation directly, returning these funds as soon as possible, holding the thieves accountable and imposing the most severe penalties on them."

Last April, media outlets reported that nearly 9 billion dinars had disappeared from the Diyala Governorate office, similar to the “theft of the century.”

She explained that "the amount that disappeared is compensation amounts and is estimated at 8-9 billion dinars, and those involved in stealing it are 3 employees who fled to an unknown location," noting that "the theft was carried out through checks that were gradually cashed over the past months." LINK

DINARRECAPS8 11/29/24 DINARRECAPS8 11/29/24

Seeds of Wisdom RV and Economic Updates Friday Morning 11-29-24

Good Morning Dinar Recaps,

DE-DOLLARIZATION: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR

While Trump is bolstering efforts to reinstate US dollar dominance, the de-dollarization agenda is still a heavy narrative that is spreading like wildfire on a global domain. The Trump regime is focusing on imposing taxes on countries moving away from the dollar, while on the other side, these two nations have stopped using the dollar for bilateral trade. Is de-dollarization an agenda that can truly end sometime soon?

These 2 Nations Have Moved Away From The Dollar

Iran and Russia, the two leading nations, have decided to move away from the US dollar. Iran’s central bank governor, Mohammad Reza Farzin, officially announced plans on how Iran has lately been conducting trade with Russia without using the US dollar.

Good Morning Dinar Recaps,

DE-DOLLARIZATION: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR

While Trump is bolstering efforts to reinstate US dollar dominance, the de-dollarization agenda is still a heavy narrative that is spreading like wildfire on a global domain. The Trump regime is focusing on imposing taxes on countries moving away from the dollar, while on the other side, these two nations have stopped using the dollar for bilateral trade. Is de-dollarization an agenda that can truly end sometime soon?

These 2 Nations Have Moved Away From The Dollar

Iran and Russia, the two leading nations, have decided to move away from the US dollar. Iran’s central bank governor, Mohammad Reza Farzin, officially announced plans on how Iran has lately been conducting trade with Russia without using the US dollar.

Farzin outlined how both nations have established agreements to conduct trade in local currencies, giving the multipolar currency narrative a new boost.

“We have entered into a currency agreement with Russia and fully removed the dollar. Now we only trade in rubles and rials,” Farzin later shared.

The Governor of the Central Bank of Iran later clarified how the financial authorities of both nations have agreed on the exchange rate to be used while conducting active transactions.

The recent data uploaded by the Kremlin also reflected the rising multipolar currency narrative. The fresh Kremlin data emphasize how Iran and Russia have conducted nearly 96% of their trade transactions in local currencies.

“The Kremlin reported on October 21 that the use of national currencies in mutual settlements between Iran and Russia was up 12.4% in 2024, making up 96% of all transactions.” Tass Media reported

The rising de-dollarization wave is hard to maneuver as the majority of the nations, under BRICS and ASEAN, are all proposing local currencies, urging nations to pivot away from the dollar

Trump Tightens His Tax Agenda

Trump, in his recent spree of announcements, has shared how Canada, Mexico, and China will encounter higher tax restrictions. The president-elect has decided to impose a 10% tax on Canada and Mexico to address and restrict illegal immigration and drug smuggling.

At the same time, Trump has imposed a 25% tax on China, touting it as a measure to curb excessive fentanyl imports.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

CRYPTO EXCHANGE OKX ROLLS OUT SERVICES IN BELGIUM TO STRENGTHEN EUROPEAN PRESENCE

OKX expands its European footprint with a launch in Belgium, featuring free Euro deposits through a partnership with local payment provider Bancontact.

Seychelles-headquartered crypto exchange OKX has launched its services in Belgium, offering spot trading, conversion, and a range of crypto services through its exchange and wallet.

Belgian customers now have access to over 200 cryptocurrencies, including more than 60 crypto-euro trading pairs, along with Euro deposits and withdrawals, the company said in a Nov. 28 press release.

The exchange says the expansion in Belgium leverages Bancontact, Belgium’s online payment system, allowing customers to deposit funds instantly and free of charge. SEPA withdrawals and deposits are also available without fees.

OKX Europe general manager Erald Ghoos says the launch in Belgium marks a “key step in our regional expansion, supported by a local team and tailored services that meet the unique needs of Belgian customers.”

The Belgian launch is part of OKX’s broader strategy to increase its presence across Europe.

Earlier in 2024, the exchange debuted in the Netherlands and announced plans to establish OKX expands its European footprint with a launch in Belgium, featuring free Euro deposits through a partnership with local payment provider Bancontact.

Seychelles-headquartered crypto exchange OKX has launched its services in Belgium, offering spot trading, conversion, and a range of crypto services through its exchange and wallet.

Belgian customers now have access to over 200 cryptocurrencies, including more than 60 crypto-euro trading pairs, along with Euro deposits and withdrawals, the company said in a Nov. 28 press release.

The exchange says the expansion in Belgium leverages Bancontact, Belgium’s online payment system, allowing customers to deposit funds instantly and free of charge. SEPA withdrawals and deposits are also available without fees.

OKX Europe general manager Erald Ghoos says the launch in Belgium marks a “key step in our regional expansion, supported by a local team and tailored services that meet the unique needs of Belgian customers.”

The Belgian launch is part of OKX’s broader strategy to increase its presence across Europe. Earlier in 2024, the exchange debuted in the Netherlands and announced plans to establish a regulatory hub in Malta, where it secured a Class 4 Virtual Financial Assets license in 2021. The exchange said it plans to list additional tokens for Belgian users as part of its ongoing product expansion, though details on this initiative are yet to be disclosed.

@ Newshounds News™
Source: Crypto News

~~~~~~~~~

COINBASE ENDS USDC REWARDS IN EUROPE AS MICA DEADLINE LOOMS

The crypto exchange will end its USDC yield program for EEA customers on December 1, citing the EU’s upcoming stablecoin regulations.

Crypto exchange Coinbase will discontinue its USDC Rewards program for customers in the European Economic Area (EEA) starting December 1, 2024, as part of its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations.

Coinbase users reported receiving an email Thursday in which the exchange announced the termination of its yield program, which allowed users to earn rewards on their holdings of the USDC stablecoin.

The change comes as MiCA, introduced in June 2023, imposes stricter rules on stablecoins, classifying them as electronic money tokens (EMTs).

These rules ban interest-earning features and require issuers to maintain sufficient reserves and obtain e-money authorization in at least one EU member state.

Impacted customers will receive their final payments within the first ten business days of December. Until then, they can continue earning rewards on balances through November 30.

Many customers have expressed dissatisfaction with the changes. Paul Berg, co-founder of Sablier, sarcastically remarked on Twitter that he feels “very grateful to the EU” for shielding him from earning rewards on his USDC.

Ripple’s CTO David Schwartz weighed in, describing the situation as an example of regulations preventing companies from offering “pro-consumer” services.

Coinbase had hinted at the coming change October, announcing plans to delist or adjust non-compliant tokens ahead of MiCA’s full enforcement on December 30.

At the time, the crypto exchange told Decrypt it would provide a detailed transition plan in November to help European customers switch to compliant stablecoins, such as USDC and EURC.

On Wednesday, stablecoin issuer Tether also announced it will stop minting euro-backed tokens, citing regulatory hurdles in Europe.

Tether CEO Paolo Ardoino said the focus will now shift to expanding Hadron, its asset tokenization platform.

Coinbase did not immediately respond to Decrypt’s request for comment.

@ Newshounds News™

Source: Decrypt

~~~~~~~~~

🌱WHAT ABOUT FREQUENCIES | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Seeds of Wisdom Team™ Website

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Thank you Dinar Recaps

DINARRECAPS8 11/29/24 DINARRECAPS8 11/29/24

World's Largest Gold Deposit Found, Worth Over Us$80 Billion

Mike McRae Thu, November 28, 2024

A deposit of high-quality gold ore containing around 1,000 metric tons (1,100 US tons) of the precious metal has been discovered in central China, according to Chinese state media.

Valued at approximately 600 billion yuan or US$83 billion, the discovery could be considered the largest and most lucrative reservoir of gold ever uncovered, surpassing the 900 metric tons estimated to lie within the mother of all gold reserves, South Deep mine in South Africa.

World's Largest Gold Deposit Found, Worth Over Us$80 Billion

Mike McRae Thu, November 28, 2024

A deposit of high-quality gold ore containing around 1,000 metric tons (1,100 US tons) of the precious metal has been discovered in central China, according to Chinese state media.

This photo taken on 20 November 2024 shows drilled rock samples from the Wangu gold field in Pingjiang County, central China's Hunan Province. (Xinhua/Dai Bin)

The Geological Bureau of Hunan Province announced the detection of 40 gold veins within a depth of 2 kilometers (1.2 miles) in the northeast Hunan county of Pingjiang.

These alone were thought to contain 300 metric tons of gold, with 3D modeling suggesting additional reserves may be found to a depth of 3 kilometers.

"Many drilled rock cores showed visible gold," says bureau prospector Chen Rulin.

Core samples suggest every metric ton of ore could contain as much as 138 grams (nearly 5 ounces) of gold – an extraordinary level of quality considering ore excavated from underground mines is considered high grade if it contains more than 8 grams.

China already dominates the world's gold market with reserves considered to be in excess of 2,000 tons earlier in 2024, its mining industry contributing around 10 percent of the global output.

Dinar Recaps 20 11/29/24 Dinar Recaps 20 11/29/24

“Bits and Pieces” In Dinarland Friday AM 11-29-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 29 Nov. 2024

Compiled Fri. 29 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 28 Nov. 2024 Wolverine: “I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas. Check your emails at hourly.”

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 29 Nov. 2024

Compiled Fri. 29 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 28 Nov. 2024 Wolverine: “I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas. Check your emails at hourly.”

Thurs. 28 Nov. 2024 TNT Call:

We got a call from the committee guy. He said the IMF and UN just had a meeting and I was told to call and tell you the currencies that have been green lighted to go are the Iraqi Dinar, Zim, Venezuela Bolivar, Dong and Zimbabwe Zim.

The rest of the 4-5 countries currencies are being renegotiated.

Janet Yellen is gone. She resigned this past Sun. morning.

They are all afraid of the new administration.

They are supposed to vote on Friday in Parliament.

They were told it’s imminent. Be ready. No time set. They are on call right now.

Dinar $4.21, VND $2.47, Bolivar $.83, Zim $.30

A guy said a bank memo said to get your people ready for Friday after 2 pm, or the weekend.

So enjoy your holiday and get ready at a moment’s notice to get to the banks.

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Thurs. 28 Nov. 2024 Jon Dowling: “Wells Fargo is ready to go with the QFS and the US Debt Clock is Gold! 62,000 wealth managers nationwide ready to go! Get your affairs in order. Early Christmas thus year! Iraq finishing all the important laws this week.”

Thurs. 28 Nov. 2024: Russia and Iran have completely abandoned the US dollar in bilateral trade, shifting entirely to national currencies. “We have entered into a currency agreement with Russia and abandoned the dollar. Now we only trade in rubles and rials.”

~~~~~~~~~~~~

Judy Note:

The Global Economic Security and Reformation Act (GESARA) is dismantling the power structures that have enslaved humanity for centuries. With the full deployment of military operations and the quantum infrastructure of the Quantum Financial System (QFS), the Cabal’s grip on wealth and power is crumbling daily.

Possible Timing: Wed. 7 Nov. 2024: GESARA: The Largest Wealth Transfer in History – Secret Military Operations, Strikes, and Redemption Centers That Have Already Changed the World – Gazetteller

As of November 27, 2024, the world finds itself amid the greatest shift in modern history. The Global Economic Security and Reformation Act (GESARA) is no longer a whisper among the informed; it is a seismic wave dismantling the power structures that have enslaved humanity for centuries.

With the full deployment of military operations and the quantum infrastructure of the Quantum Financial System (QFS), the Cabal’s grip on wealth and power is crumbling daily.

GESARA’s Historic Wealth Transfer: November Updates November 15–20, 2024: The Foundation is Laid

Asset Seizures Intensify: Global military coalitions launched synchronized raids in Switzerland, Singapore, and the Caribbean, seizing over $12 trillion in hidden accounts. These funds, tied to human trafficking rings and illigal arms trades, are being funneled into GESARA projects, including debt forgiveness, infrastructure rebuilding, and clean energy programs.

Silent Wealth Disbursements Begin: In Brazil, India, and parts of Africa, locals began reporting sudden cancellations of long-standing debts without explanation. By November 20, an estimated 2.7 million individuals in these regions had their financial burdens lifted, a direct result of GESARA’s redistribution process.

Read full post here: https://dinarchronicles.com/2024/11/29/restored-republic-via-a-gcr-update-as-of-november-29-2024/

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Courtesy of Dinar Guru: https://www.dinarguru.com/

Mnt Goat ...The news from Iraq is all still very good. There is so much progress. The BIG event of course, will be the ending of the current currency auction process and use of the new system already to implement. The CBI has told us that nearly 95% of the current payments needed for imports is covered by the four (4) correspondent banks for this purpose... remember that the clock is ticking and other outside banking relationships must take place but will most probably never take place unless the IQD is valuable again and most importantly on these terms it must also be reinstated back on FOREX for investors to “legally” use this currency in their portfolios of investments for their clients. This is the key. Yes, this is really just where we are right now...

Sudani in Spain… economic talk

Nader: 11-28-2024

https://www.youtube.com/watch?v=bLJFXsNYqNo

Vietnam Dong Exchange Rate Economic Forecast Foreign Investors

Edu Matrix: 11-29-2024

Vietnam Dong Exchange Rate Economic Forecast #vnd Foreign investors are showing strong interest in southern Vietnam, focusing on cities like Dong Nai, Binh Duong, HCM City, and Long An.

The video shares the USD / VND Exchange Rate and explains why the VND keeps fluctuating against the US dollar.

High levels of foreign investments will decrease Vietnam's unemployment rate, which could quickly help the VND value increase—the video shares major foreign investments in Southern Vietnam in the coming year.

https://www.youtube.com/watch?v=DkzQ5eo3d5g

Dinar Recaps 20 11/29/24 Dinar Recaps 20 11/29/24

“Tidbits From TNT” Friday Morning 11-29-2024

TNT:

Tishwash: they do this every year this is not a sign the RV is happening although it would be a great time for it

Rafidain Bank announces suspension of credit activity in the middle of next month

For annual application purposes

Rafidain Bank announced today, Friday, the suspension of credit activity as of December 15th for the purposes of annual implementation.

Rafidain Bank announces the suspension of credit activity as of December 15th for annual implementation purposes.

TNT:

Tishwash: they do this every year this is not a sign the RV is happening although it would be a great time for it

Rafidain Bank announces suspension of credit activity in the middle of next month

For annual application purposes

Rafidain Bank announced today, Friday, the suspension of credit activity as of December 15th for the purposes of annual implementation.

Rafidain Bank announces the suspension of credit activity as of December 15th for annual implementation purposes.

The bank confirms that due to the approaching end of the fiscal year and for the purposes of the annual application and to make room for the liquidation of the suspended assets, preparing the annual statistics and inventory, and organizing the budgets, all types of credit activity will be suspended on 12/15/2024, and loan applications and other banking services will not be promoted.

The bank directed its branches in Baghdad and the governorates to complete all completed transaction requests that have advanced procedures before the above date. The bank added that work on promoting loans will resume early next year. link

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Tishwash: How does the United Nations view the steps of the Sudanese government in the economic file?

The United Nations praised the exceptional steps achieved by the government of Prime Minister Mohammed Shia al-Sudani in the areas of diversifying sources of income and the economy, and achieving food security, pledging to continue its support (the Iraqi government) in its efforts to achieve development and economic sustainability for Iraq.

The confirmations of the highest international organization in the world came from the Assistant Secretary-General of the United Nations and Regional Director for Arab States, Abdullah Al-Dardari, who said in an interview with the official newspaper, “The Iraqi government has begun to take rapid steps to diversify sources of income, especially since the government realizes that reliance on oil can not only end within a certain period, but that advanced technology is what must create valuable job opportunities for Iraqi youth who yearn for initiative, creativity and invention. Therefore, the Iraqi government has allocated funding resources in this direction, such as the Central Bank’s funding plan of (700) million dollars for activities related to environmental efficiency, renewable energy and energy efficiency.”

He pointed out that “the United Nations is ready to provide technical support to ensure the best for this credit line,” noting that “the United Nations helped prepare a local strategy for Iraqi medium and small companies and financing mechanisms for these companies and their right to access all available sources of financing, and to develop banking work so that it becomes focused on financing productive projects, and there is a great effort that we are making with the Iraqi government in this direction.”

The UN official confirmed that “Iraq has achieved a major accomplishment in the non-oil sector, after achieving an abundant wheat crop exceeding (6) million tons. This accomplishment was achieved under difficult climatic conditions and with a large government investment of about (500) million dollars through the use of drip irrigation mechanisms, providing support to farmers, purchasing at a price higher than the market price, and granting soft loans,” indicating that “this is evidence that government policies and government funding can encourage the private sector to produce, increase food security in Iraq, and reduce dependence on imports, which saves about (4) billion dollars from wheat imports annually, which is a very large amount,” considering “this a major accomplishment for the Iraqi government.”

He added, "The United Nations is ready to cooperate with Iraq to develop food security and agricultural production systems." link

************

Tishwash: Details of the Kurdistan delegation's meeting with the Ministry of Oil.. Agreement on 3 points

Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, revealed details of the meeting that brought together the Undersecretary of the Iraqi Ministry of Oil, Ali Maaraj, with the representative of the Kurdistan Region in Baghdad, Faris Issa, and a number of members of parliament.

Today, Thursday, the Undersecretary of the Ministry of Oil for Distribution Affairs, Ali Maaraj, received the Head of the Kurdistan Region Representation Office, Faris Issa, and a number of members of the Council of Representatives attended the meeting.
Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, who was one of those present, said: “We visited the Ministry of Oil with Faris Issa, Minister of the Kurdistan Region Representation Office, and the Directors General of the Ministry of Natural Resources, and three main topics were discussed in the meeting.”

According to the MP, the attendees discussed the issue of “distributing kerosene to the Kurdistan Region, allocating a quantity of regular gasoline to the region, and calculating the standard liter volume of oil shipped to the region.”

Haidar confirmed that "the following results were reached during the meeting: 1- Immediately launching the region's share of kerosene, which is 50 million liters, 2- Anticipating the improvement of gasoline quantities in the central and southern governorates in order to determine a share for the region, 3- Reviewing the issue of the standard liter and the normal volume of oil sent to the region in the ministry until the problem is resolved."

According to the parliamentarian, the meeting this time focused on the issue of sending fuel to the region, and did not address the issue of resuming oil exports from Kurdistan, which is scheduled to begin early next year according to official statements. link

Mot.... Dinner was Great - Lets Watch the Game Now!!!!