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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, April 7, 2018

ANONYMOUS TIDBIT, 7 APRIL

As we are getting near the end of this ride that are some things that you may or may not know and those things are that 99.9% of the Guru’s are wrong about everything and that even includes Beny, all so called prophets no matter what they call themselves.

Under International law any large amount of funds that has anything to do with the so called RV/GCR already has to be on deposit at the banks in the countries that are taking part

Under International law any large amount has to already gone thru the necessary checks to make sure that it is good clear funds and has no criminal origins .

So the funds that everyone is expecting to get from this exchange is already on deposit in the U.S. Treasury.

Every serial number on the currency has been recorded as to who the rightful owner of the currency is.

Everything in Iraq has been done that is going to be done. Everything that you hear coming from the Guru’s is all wrong, their job is to keep everyone calm or get you disgusted with the delays and help in that process.

Abadi is wanting to get elected for a second term and the release of the rate has to take place before the election and if it does not then there is a very good chance that Maliki could get the job.

Abadi has to give them a reason to put him back in for a second term and the only way to do that is to announce the rate, get the money that was set aside for Iraq and put people back to work.

It is going to take place and we are closer than we thank.

anonymous

DINAR GURUS UPDATE, 7 APRIL

4-7-2018   Newshound Guru Walkingstick    ALAK:  "I am ready to lift the exchange rate; they closed the gap; 2% compliant...  ...when they closed the gap 2% variance, that was the end of the MCP's; they eliminated their MCP practice...  ...if they show budget with a program rate, then there is a tight window for them to show a new rate...they are ready to establish their 1:1 official rate without any further hiccups...  Time has run out...because, IT IS FINISHED! the ball is rolling!  ...There will be a 'HAPPY DAY"  in a MATTER OF DAYS...IN A MATTER OF HOURS...BEFORE MAY!!!"

4-7-2018    Newshound/Intel Guru Mnt Goat
   ...Here they have $30 billion dollars on the table for reconstruction and they are stalling again.  We see the frustration of the donors from the Kuwait fund raising conference in mid February as they want to come into Iraq now, not 20 years from now or even months from now.  Oh – what about the reinstatement of the currency. I believe right now they have not had a better opportunity to reinstate since 2012-2013 period. Will they also let this one blow by themoil prices are up, security is under control and political stability is maintained...   [post 2 of 2]

4-7-2018   Newshound/Intel Guru Mnt Goat   So recently the CBI seems to be bragging about the new modernization of their banking systems. This is all good news since it is showing us they have completed this step in the banking reforms.  What amazes me though, is on one hand Iraq claims they want to progress their country forward yet they still embark in these constant delays and stagnation of the parliament to pass the much needed legislation to move this country forward.  ...We know the instability the elections can cause and so it could literally be June or July until things settle down post elections and the new government is formed.  [post 1 of 2....stay tuned]

4-7-2018   Newshound Guru MilitiaMan   Article:  "Modern technology is entering the financial sector With local application"   ATM's are flowing and bringing in the Citizens. They clearly are working to fire this off and have been for some time now.  imo.

4-7-2018   Intel Guru Dr. Clarke   "There is a RAGING WAR in the Public OUTSIDE...but a Calm, Controlled, Peaceful COMPLETION, on the INSIDE."   Just KNOW it.   THIS Time.  MAY is 24 Days away from Today, and MAY lasts for 31 Days.  THAT'S our Friday Opinion.  THAT'S our Friday Truth.  THAT'S our Friday Expectation.  THAT'S our Friday Connection.  P.S. The Hornet's Nest is sufficiently stirred up. PERFECT!  MAY is Magic.   [post 2 of 2]

4-7-2018   Intel Guru Dr. Clarke   PLEASE understand the COMPLETE Importance, of the month of MAY.   "What are Serious Doubts Today, will be Gone Tomorrow."...so to speak.  What happens in MAY?   Flowers BLOOM.  You see the Beauty, that's been HIDDEN in the soil for so long, suddenly come forth.  FOR REAL.  That's MAY.  WE excitedly look forward to MAY - ALL OF MAY.  For MANY reasons, including COMPLETION.  We Love what's happening in April, and the showers are nice, but we want to SEE, TASTE & SMELL...the Flowers. FOR REAL.   Step BACK quite a ways...and take a snapshot of this entire picture...what's TOO OBVIOUS?  THEN, use your years of history & education with the MIDDLE EAST, and particularly Iraq, as a metric to measure what's REALLY Happening, TIMING WISE & MONEY WISE.  Be SMARTER than the Above-Average-Investor-Citizen. 

BREAKING NEWS: IQD Dinar Budget to Pass Monday! Is it RV time?

TNT Dinar Call w/Tony & Rayren98

IQD CHAT, 7 APRIL

Chat Room News Excerpts & Highlights Early Friday   4-6-18 

Doug_W: The central bank has submitted a project to delete three zeros of the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deterioration of the security and political situation in the country

chattels: Oil will top agenda when KRG delegates visit Baghdad next week By Rudaw http://www.rudaw.net/english/kurdistan/060420182

chattels: BAGHDAD / The Iraqi National News Agency (NINA) The dollar exchange rate on Thursday fell slightly against the dinar on the Iraqi stock exchanges.
 ...
​The price of selling the dollar in the Kifah Exchange in Baghdad today was 120 thousand and 250 dinars and the purchase price 120 thousand and 200 dinars compared to 100 dollars, while yesterday recorded 120 thousand and 350 dinars and the purchase price 120 thousand and 300 dinars to 100 dollars.

https://www.ninanews.com/News_Details.aspx?LH1R4r1N2Ma8RjRFppZgaA%253d%253d

chattels: The Central Bank of Iraq confirms its progress payments system and control the flow of funds 05/04/2018

https://www.ninanews.com/News_Details.aspx?U6UC7nCyK2lNDjZ2wkhnD508IJubcAGoNAB8EJO36Cw%253d

chattels: BAGHDAD (Reuters) - The Central Bank of Iraq (CBE) on Thursday confirmed its progress in the Iraqi payment system during the past period, leading to a significant control over the flow of funds inside Iraq and providing a comprehensive database of all remittances within the financial and banking sector through Updating the payment system in all its components according to international standards.

chattels: The central bank said in a statement that "the modernization was aimed at absorbing the increasing volume of transactions carried out through this system to be easily compatible with various banking systems, adding that it is one of the most important systems operating in the Central Bank."

chattels: Read more

https://www.ninanews.com/News_Details.aspx?U6UC7nCyK2lNDjZ2wkhnD508IJubcAGoNAB8EJO36Cw%253d

chattels: Dollar exchange rates today in Iraq Date of release: 2018/4/6 9:31 • [Ayn-Baghdad] Foreign exchange markets in Baghdad, on Friday morning, stabilized at the dollar exchange rate against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1202.5 dinars per dollar, ie 120 thousand and 250 dinars per hundred dollars.

The prices of selling and buying dollars in banking companies were: the selling price of one dollar 1207.5 dinars, or 120 thousand and 750 dinars, for one hundred dollars. The purchase price of the dollar is 1197.5 dinars, or 119 thousand and 750 dinars, for one hundred dollars.

http://www.alliraqnews.com/modules/news/article.php?storyid=72442

chattels: It appears that I am now persona non gratis at DinarAlert. Either I do not donate enough or often enough to deserve access to their forum.

chattels: Joel Wing ‏ @JoelWing2 5h5 hours ago 2003 Iraq avg 10-35 incidents per day 1st 3 months of 2018 Iraq avg 9 incidents per day

http://musingsoniraq.blogspot.com/2018/04/iraq-witnessing-fewest-security.html …

chattels: Thursday, April 5, 2018 Iraq Witnessing Fewest Security Incidents Since 2003 Iraq is currently witnessing the fewest security incidents since the overthrow of Saddam Hussein.

chattels: WASHINGTON (AP) — President Donald Trump is dramatically scaling back U.S. goals in Syria as he pushes for a quick military withdrawal, Trump administration officials said Wednesday, abandoning plans to stay long-term to stabilize the country and prevent the Islamic State group from re-emerging.

Trump has given no formal order to pull out the 2,000 U.S. troops currently in Syria, nor offered a public timetable, other than to say the United States will pull out just as soon as the last remaining IS fighters can be vanquished.
​But Trump has signaled to his advisers that ideally, he wants all troops out within six months, according to three U.S. officials - a finale that would come shortly before the U.S. midterm elections. https://apnews.com/f54a0898de7e45ba91d327bc10e7d024

chattels: David M. Witty ‏ @DavidMWitty1 3h3 hours ago Peshmerga commander says Baghdad has agreed with International Coalition to allow Peshmerga to return to Kirkuk province & other disputed areas. Iraqi-Peshmerga coordination room to be established at K-1 base south of Kirkuk city. http://mobp.as/Wthxl

chattels: Kirk H. Sowell ‏ @UticaRisk Apr 5 So, the Sadrist protest committee cancels tomorrow's events in Baghdad due to security forces' duties protecting pilgrims. So now they just need to come up with a new excuse each week until the elections this is potentially undermining Abadi.

https://www.facebook.com/Central.Revolution.Committee/photos/a.1040208219366693.1073741829.1039355736118608/1613307998723376/?type=3&theater …

Baxter: guess we wait till the elections now... about what I figured six months ago..

Baxter: two days after elections.. then starts ramadan........

LeLe: @Zig ok.

futuremoney: @Baxter they must rv before Ramadan...

Baxter: really? why is that?

futuremoney: @Baxter cuz they say it every year..LOL

Baxter: Oh... ok...

spankie: when maliki is free says something of the mentality

futuremoney: @spankie free AND running for PM..

spankie: hey
spankie: they deserve him?  : no choice i guess

futuremoney: @spankie if he wins...I'm done here

spankie: we are all done here  : if he wins then the elections are corrupt

futuremoney: @spankie no doubt

futuremoney: @spankie aliki even said...its not the votes that win the elections but its who can win the most blocs.....guess how...buying them

wdave1: @Zig In your warning to new investors you always leave out the Biggest lie that got people involved and that is the RV in Kuwait . Never happened and wont happen n Iraq.

Zig: @wdave1 : I don't think most people heard that until they were already invested in the IQD....

Spectra: @wdave1 They did reinstate their currency in Kuwait...people did make money at that time ...There are people who come in here who personally know people who did happen to be their at thiat time...My own husband knew people who made a profit as well...
Zig: We have a member that said he made money in that....

Spectra: @wdave1 Kuwait currency was turned off. During the WAR...then it went back on for a reinstatement...

Spectra: @wdave1 This still is not Iraq ,two different countries ...People ...should play it safe and keep that in mind...

wdave1: When the story was told me that was ne of the first things I was told from a friend of over fifty years. I called it B.S. as he proceeded onto Germany after world war two then to Vietnam. Keep your eyeson the Fake news channels over the next coupl

 wdave1: weeks as I believe that they will confirm while Sterling is in court that this is indeed a Scam. Just my opinion.

wdave1: @Spectra Your right. No RV.

Zig: Sterling has nothing to do with the validity of the IQD itself....it is not a scam just a currency that we have invested in....Yes, some have taken advantage of people in the investment....

wdave1: Dealers had it pumped up so they could make money and it appears they made lots of it.

Spectra: I WILL SAY A LAYAWAY plan might be considered wrong..

Zig: Is pumping something up a crime??.....maybe a moral one....
Zig: @Spectra : Yes

Spectra: because there is no way possible a company can deliver a promise on a changed value if that should have occurred .The Layaways were a kinda of a scam ....

wdave1: Sterling was promoting it on TerryKs? call and that is illegal. They are not licensed to do so.

Zig: @wdave1 : Yes, Sterling did some questionable things...

foxmulder: Speculation period ! The scam was selling reserves ... and fake news .if it is a scam then the US treasury is complicit i bought all mine from a US bank

Zig: Reserves was the word I was looking for....lol.....forgot it....Yes, people were taken advantage of.....Definitely

Spectra: @foxmulder yes THE LAYAWAY was allowed to be done for quite a while..i was wondering why the whole time myself...

foxmulder: And most of us here have read from the IMF that iraqs currency should be around .86 to 1.36 in print not hearsay

Zig: Never bought a reserve....I think xyz did....

wdave1: @foxmulder My kids told me they could sell theirs at the local Forex store in Bisrmingham Mi so I called, Iwas told if you could prove you bought from them they would buy them back.

Spectra: @foxmulder i call it a lay away...be cause thats what it was...

Tebow: Bank was selling reserves, that's hard to believe.

foxmulder: @wdave1 i know thw dealer there yep

Zig: I never heard that banks did that.....just dealers....

foxmulder: @Tebow no banks were not: Just dealers
foxmulder: When i bought mine it was cash at time of purchase for the amount you wanted period

wdave1: Keep your eyes on the Fake news. Bowling this morning yous all have a Good day.

Tebow: and how was selling reserves a scam. you buy dinars and paid them off before getting them you don/t finish paying then thats on you.
Spectra: what if it reinstated before you pay it off?

Zig: Would they have sent you your Dinar if the value changed??....that was the question

Spectra: @Zig exactly?

Tebow: didn't happen so mute point

Spectra: true

futuremoney: @Tebow I heard that sterling didn't actually have the dinars in reserve for people...over extended. Don't know if that is true

Spectra: Theres a lot we do not know

futuremoney: @Tebow there are dealers out there that still offer reserves...

Zig: Heard that too...selling what you do not own....yet...

Spectra: @futuremoney really ?

Tebow: just like stores offering layaways

Spectra: @futuremoney never knew this

blackgold: They can reinstate Iraq just as easily as Kuwait

Spectra: future name where?

Zig: @blackgold : Not with the amount of Dinars in circulation now IMO....

blackgold: who put them in circulation

futuremoney: @Zig we don't really know the amount...the CBI could be putting out wrong numbers to cover the deletion of the zeros

Zig: @blackgold : Doesn't matter who....just that they are....IMO....who knows....: Maybe

blackgold: It matters in that the same Faction exploiting Iraq have control over revalue and reinstatement
blackgold: They should have been International years ago

Spectra: 2012

Spectra: but looking back will not take us forward...
Spectra: what has not happened ..........at this point all we can do ..is continue watching.....
Spectra: no matter even if time to do this plan was changed ....does not mean it will not happen.....

blackgold: @Spectra Now I heard that ISIS is still causing trouble. Probably some mercenaries from of course some unknown Faction

Spectra: ive been reading that too.....

blackgold: Here we go again, another few years of fighting and waiting, all BS

Spectra: ....Remember news articles can be magnified...

blackgold: True

Spectra: but never the less we do not want too hear it-lol

blackgold: hope so

Tebow: People need to have a plan if it doesn't RV

Spectra: ...Nothing in life is guaranteed

Zig: Special DinarAlert Conference Call Thursday 4/19/2018 - 7pm PT/ 7pm MT/ 8pm CT/ 9pm ET... hosted by Enorrste, and Kaperoni... This should be a great call with primary focus on the upcoming parliamentary elections... Q & A will follow... Please join us... (641) 715-3670 Code: 296983# Skype:freeconferencing.6417153670

JoeSchmoe: How many people do you think are waiting for 'just after' the elections, and thinking they will have their long awaited rv? How many guroosters are predicting it?

Baxter: wonder if we have to pay to listen to Kaperoni??

Zig: @Baxter : LOL....Good one!

Baxter: I donated and still got booted... figure that one

Zig: Ask them why...

Baxter: Nope.. we are gonna RV anyways... Bruce said so

Zig: http://dinaralert.webs.com/contactus.htm For questions  
​Baxter: He just said they are gonna put out another budget with the rate in it on MOnday

Zig: The rate for what??...there is never a rate for any currency within that country...if you see the total in billions of Dinar in the budget you will know that each Dinar has a higher value and buys more inside the country....

Baxter: I know... tell that to Bruce...

xyz: 4-6-2018 Intel  Bruce The So called Intel or information I gather overall is pointing to very well for us. ...Iraq has done everything it supposed to do except make their new dinar rate which we knew last Sunday what it was, they have that rate ready to go in the next version of the Gazette...

The rate itself was not put in the Gazette, but...we expect to come out if it is not already out to be put out in the next printing of the Gazette which would be about 7:30 am Iraqi time Saturday morning or 10:30 EST...Friday night. That is something we are looking to finalize with Iraq that needed to happen. ...This is my opinion about the rate...

xyz: 4-6-2018 Newshound  Kaperoni So now we know Maliki is seeking a 3rd term.
IQD CHAT

KTFA UPDATE, 7 APRIL

ChrisC: For those of you who know who David Seaman is, I received the most current video from him from my brother last night and it was a shocker.

He claims that all of the stories of sealed indictments are true and they are finally being served.  He claimed there are in fact 20,000 of them, all tied to corruption, pedophilia, human trafficking, etc.

Go to TruthReport on Youtube to see it.  In the video he talks about Trump declaring that by his second term that the US will have no debt.

I wonder how that is going to happen?  (wink)
....
************

Walkingstick:  Modern technology is entering the financial sector

With local application

Baghdad / Al-Sabah

The transfer of advanced technology represents an important step to activate the banking services, which represent the nerve of economic development sought by the country, which requires us to start where the world ended to keep pace with developments in the field of the financial sector..

http://www.alsabaah.iq/Article.....155172  

MilitiaMan:  ATM's are flowing and bringing in the Citizens. They clearly are working to fire this off and have been for some time now.  imo Thanks WS!! ~ MM

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The Central Bank of Iraq announces the control of the flow of funds through the introduction of the payment system

 April 5, 2018

The Central Bank of Iraq announced on Thursday that the progress of the Iraqi payment system during the past period led to the control “significantly” on the flow of funds inside Iraq and to provide a comprehensive database and accurate on all transfers within the financial sector and banking, through several procedures and precautions Which has been implemented and is currently working, including the modernization of the payment system in all its components according to international standards.

 The bank said in a statement, followed by the Iraqi Economic Center, that the modernization was aimed at absorbing the increasing volume of transactions that are carried out through this system to be easily compatible with various banking systems. The most important systems operating in the Central Bank, the RTGS system, 2006, and the C-ACH Clearing System, which was implemented in 2011, which provides a comprehensive database of all electronic settlement of electronic instruments and inter-bank payment orders.

The Central Bank has issued a set of instructions and precautions for banks to limit the risk of exchanging sukuk N through the system.

 The Central Bank directed the establishment of the National Payments Council of Iraq, which includes members from within and outside the Central Bank, which contributes to the development of strategies for the development of payment and settlement systems and follow-up implementation, and the improvement of international best practices.

 The statement pointed out that this bank to implement a number of measures taken, including the application of the IBAN, which aims to consolidate the bank account numbers for all banks operating in Iraq, which allows banks to verify the validity of the transferred account number.

Iraq has been included in the list of countries that deal with the international number, which does not accept domestic or foreign transfers except within the international number standards, and in terms of the precautions taken to govern the transfer of funds, especially with regard to electronic instruments transmitted through the system The security specifications of the electronic instruments withdrawn to the banks for the purpose of preventing them from forgery were also unified, as well as the addition of new functions of the system for the purpose of enabling the banks and their branches to control the process of sending and receiving instruments and preventing the passing of forged or stolen instruments. Drawn up for the government banks to be settled on time, and the suspension of instruments that enable the bank to stop any instrument and its location in case of theft or forgery.

 The statement pointed out that the Central Bank implemented the internal clearing system between the branches of one bank, which enables government banks that do not have a comprehensive banking system to complete all transfers of branches and provide a comprehensive database to conduct the process of matching efficiently between public administrations and branches.

 The statement added that one of the important projects that the Central Bank has implemented is the retail payment infrastructure project, which consists of the national division that supports inter-bank clearing for transfers made by customers and transactions through the use of ATMs and points of sale through credit cards which Linked to the bank account, the mobile payment system, where the funds will be transferred through electronic portfolios without the need for a bank account, and also can make transfers for payment of bills and shopping.

The statement concluded that the recent project to settle the salaries of state employees based on the decisions of the Secretariat of the Council of Ministers No. 313 and 281 to convert the system of payment of salaries to employees, including allocations and benefits to an electronic payment system.

By opening bank accounts for employees in banks (government and private and branches of foreign banks) and issuing city cards linked to the account to be withdrawn through ATM machines or through the process of buying from points of sale at the lowest possible costs, as well as benefit from other banking services (such as loans, Online purchasing services, savings accounts, etc.). As this project contributed to the provision of liquidity within the banking sector and the optimum use of financial and banking services inside and outside Iraq.

 http://en.economiciraq.com/201.....nt-system/

Get1Later:  It's REALLY time to announce your NEW RATE (or Just Release it and be Quiet about it)

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Samson:  Vietnam : Remittance to HCM City increases to over $1.1bn

 6th April, 2018

Remittance to HCM City in the first quarter of 2018 increased by 4.5 per cent against the same period last year to reach US$1.12 billion, a central bank official said.

According to Nguyễn Hoàng Minh, deputy director of State Bank of Việt Nam (SBV)’s HCM City branch, most of the remittance is invested in production and business instead of being poured into real estate, securities or savings as previously.

Roughly half of the remittance to the city came from the United States, Canada and Australia, he said.

The remittance to HCM City has been rising in recent years, Minh said, predicting that the capital source to the city will continue to be positive this year.

HCM City remained the largest recipient of remittances in Việt Nam last year, with an inflow of $5.2 billion, a 4.5 per cent year-on-year increase.

Last year’s remittance hike was a contrast to many predictions that the remittance to Việt Nam would reduce due to US immigration and interest rate policies as well as Việt Nam’s zero per cent dollar deposit interest rate.

Nguyễn Ngọc Cảnh, director of SBV’s Foreign Exchange Management Department, said although the central bank had set the ceiling of dollar deposit interest rate at zero per cent, overseas remittances to Việt Nam continued to remain stable.

The overseas remittances to Việt Nam are not affected by the interest rate gap between the dollar deposit interest rates in the country and the rest of the world, or SBV’s foreign exchange policy, Cảnh said.

According to analysts, Việt Nam’s rapid economic growth and improved business environment have enhanced investor confidence and attracted remittances into the country.
LINK
Samson:  Vietnam's middle class booms

 6th April, 2018

More than 70 per cent of the Vietnamese population has fully escaped poverty, with at least 14 million having joint the global middle class, a World Bank report found on Thursday.

According to the report which studied poverty reduction in Việt Nam during the 2014-16 period, the number of Vietnamese considered economically secure reached approximately 75 million in 2016. The new class of ‘emerging consumers’ are defined as earning enough to cover basic daily needs, being able to save, and spending over US$5.5 a day per capita.
The number of those emerging consumers shot up by about 20 per cent in the last six years, correspondingly, the number of people living in poverty reduced by 20 per cent over the same period.

Between 2014 and 2016, a staggering three million Vietnamese people joined the global middle class.

The rapid rise of the new consumer class is set to transform lifestyle trends in Vietnamese society as citizens strive for higher living standards and better quality service. This in turn will cause a shift in the country’s economic model towards the service and consumer industries, according to the report.

Poverty reduction

The steady increase of economic growth over the last decade fundamentally helped to eliminate poverty in Việt Nam, the report said, noting that poverty declined in all demographics of the population.

The number of people living in poverty in 2016 sat at around 9.1 million. This was following an average reduction of 1.85 per cent a year between 2014 and 2016. This rate was positively higher than the Government’s annual goal of 1.5 per cent reduction as outlined in its National Target Programme on Poverty Reduction for 2016-20
.
Households of ethnic minorities – the most vulnerable to poverty – living in poor conditions witnessed a record decline over the last decade. Close to two million ethnic minority people climbed the economic ladder, equivalent to the number of poor people declining from 8.4 million in 2010 down to 6.6 million in 2016.

“Việt Nam has achieved tremendous results in reducing poverty and improving the quality of life for millions,” said Ousmane Dione, World Bank Country Director for Việt Nam.

“The decline in poverty amongst ethnic minorities is encouraging, and more focused efforts on improving their incomes can further broaden their opportunities and reduce persistent inequalities.”

“The aspirations of those with less opportunity cannot be ignored.”

The report did however point out a disturbing fact regarding who was being left behind in the country’s development. Some 72 per cent of people currently living in poverty are ethnic minorities, the report found - an increase from just 47 per cent eight years ago.

It may not be a mere coincidence when the northern mountainous regions and the central highlands, where most of the ethnic minorities are residing, also had more than half of the country’s total poor people.   LINK

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Samson:  Vietnam : US $66 billion to boost Greater Mekong Sub-regioneconomic co-operation

 31st March, 2018

President of the Asian Development Bank Takehiko Nakao gives a speech at the 6th GMS Summit in Hà Nội on March 31

Sixty-six billion US dollars in 220 projects will be invested in the Greater Mekong Subregion to strengthen regional economic co-operation in the next five years, Prime Minister Nguyễn Xuân Phúc and President of the Asian Development Bank Takehiko Nakao told a press conference at the sixth Greater Mekong Subregion Summit (GMS-6) in Hà Nội on Saturday.

The PM highlighted the success of the sixth summit with the participation of thousands of delegates, especially the sixth GMS Business Summit. These included this year’s host Việt Nam’s initiative to hold the GMS Business Forum, the first of its kind, which attracted thousands of companies from the region.

PM Phúc said Việt Nam continued supporting regional co-operation and integration by implementing even more transport infrastructure and information technology projects. He stressed that the country would focus on sustainable development, making sure its economic development goes hand-in-hand with environmental protection and economic development efforts leave no one behind.

Among the targets are closing the gap between different regions of the country, providing the people with basic amenities such as roads, water and electricity and pushing on human resource development font.

President of the Asian Development Bank Takehiko Nakao pledged the bank's support for the region’s future development, especially in building its infrastructure network.

Takehiko said ADB placed great importance on renewable energy as well as other forms of green energy including hydropower. ADB would provide support for the private sector in developing environmental-friendly technologies such as smart grids and green transport as well as in urban development issues such as clean water and waste treatment.

Earlier during the plenary session, delegates from the GMS countries saw the formal endorsement of the Hà Nội Action Plan 2012-2018, the Regional Investment Framework 2022 and the Sixth GMS Summit Joint Declaration.   LINK

Restored Republic via a GCR Update as of April 7 2018

Compiled 12:01 am EDT 7 April 2018 by Judy Byington

Judy Note: I will be away from my computer Sat-Sun so will be unable to send another update until perhaps Sun. night.

Summary of below info:

1.The US Inc. five year sovereign bankruptcy ends on Mon. April 9 2018.

2. Iraq was scheduled to publish their new Dinar rate tonight April 6 10:30 pm EST.

3. Iraqi citizen Qi cards were now international with their new Dinar rate.

4. Currency international rates were showing on bank screens (Dinar $7-$8, Dong $2).
....
​5. All Zim redemptions and currency exchanges over $1 million had to be done by calling the 800 number for an appointment.

6. Among those named in the over 20,000 sealed indictments filed in federal courts across the US this last 15 months were members of the royal family, celebrities, politicians, Rothschilds, Rockefellers, Clintons, Podestas, Obamas, George Soros.

7. The sealed indictments have been unsealed and arrests have begun.

8. The Stock Market was tanking.

9. The ACLJ filed a FOIA lawsuit last summer on what was referred to as the Obama unmasking case. They were just now beginning to receive part of 9,000 documents (said to be newsworthy) from the State Department and NSA on the case.

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

A. April 6 2018 4:38 pm EST Intel Alert: Operation Disclosure GCR/RV Intel Alert for April 6, 2018 https://operationdisclosure.blogspot.com/

1. The 1944 Bretton Woods was being inconspicuously replaced with a new gold-standard global monetary system (the new quantum financial system).

2. The announcement of the USN was the straw that would break the camel's back.

3. Several undisclosed groups were currently being called in for meetings to be briefed about exchange/redemption procedures.

4. The RV was expected to begin at any moment, but before the USN announcement.

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

B. April 6 2018 TNT Call

1.Iraqi President Abadi and the Central Bank of Iraq have said they are not going to RV their Dinar until after the election on May 15 to make sure the country is stabilized. That reasoning didn’t make sense to Tony, who felt Iraq was going to RV this week because:

a. The Iraqi citizen Qi cards were international with the new Dinar rate on them.

b. There were airport exchange centers in Atlanta, Hawaii, Arizona, Texas, Wisconsin and Illinois that have the new Dinar rates on the screens.

c. The lower denoms of the Dinar were in their ATMs and were activated today April 6.

d. There was no reason to activate the lower denoms if the new rates weren’t in place.

e. Abadi has to give the Iraqi citizens a reason to put him back in for a second term before the election. The only way to do that would be to announce the new Dinar rate, get the money that was set aside for Iraq and put people back to work before the election.

2. To redeem any Zim you have to call the 800 number for an appointment to exchange all of your currency at an Exchange Center, not with a bank teller.

3. A teller at a bank can only exchange up to one million $.

4. As of today April 6 there has been no movement on the GCR in China, or in Reno.

5. The Dong international exchange rate was supposed to be $2, and could move up.

6. The budget with the new Dinar rate should be made public tomorrow April 7.
​************

C. April 6 2018 12:30 am EST: The Big Call w/ Bruce Anonymous Intel Notes 4-5-18

- Budget went out into their Gazette Tuesday. No rate published just total budget number.

- IQD rate expected in Gazette Friday midnight EST.

- 50B USA payment to nation of Iraq.

- IQD in-country rate on key card $7-$8.

- Hearing good things about weekend from 4 sources.

- 800#s is forthcoming, will put them out as soon as he has them.

- Redemption Centers staff for Zim is signed up through Tuesday.

- All prosperity packages and internet public will all go together.

- Sealed indictments. Have been unsealed and bad guys being picked up.

- Reno groups to be notified in next few days.

- 6,000 paymaster SKRs made liquid.

- China discussed gold backed Yuan and Zimbabwe discusses gold backed currency and bonds (what we hold).

- Iran, Russia, Turkey currencies all gold backed.

- Waiting on announcement of USN gold backed currency between now and weekend.

- Start could be any day but Sunday morning feels right through Tuesday.

- VIP exchanges are occurring now.

- Everything is very positive.

***********

D. Bruce: As far as our start personally we can start any day maybe on Sunday with our redemptions and our exchanges. I have a feeling if we get started before that they will continue at the Redemption Centers through Sunday. There are exchanges going on that are sort of like tests or VIP type of exchanges. We got positive information from contacts that spoke with Abbot Downing and Wells Fargo Bankers all looking forward to this weekend.

***********

E. April 6 2018 2:57 pm EST GCR Update: "America the Not So Beautiful" - GCR/RV/GESARA Update - Friday - 4.6.18

1. The United States of America, Inc. went bankrupt back in 2012, as the Federal Reserve Bank charter to print US Treasury money supply expired without fanfare; driving the American economic into a deep ditch, forcing sovereign bankruptcy proceedings in Brussels.

2. The 2015 Paris Agreement on Climate Change included the American settlement with terms hidden within the larger GESARA compliance (Global Economic Stabilization and Reformation Act). This forced a five year sovereign bankruptcy work through package to take effect April 9, 2018, which included a new gold backed currency (agreed to by African and Asian Elders) as the Fed Board publicly approved a newly designed series of USD bills. This USD also became the sovereign valued TRN.

3. The Congressional omnibus budget signed on March 23, 2018 became the cash and carry currency known as USN—which will go into force on Sept. 23, 2020–conveniently right before the November 2020 presidential elections.

4. Instead of putting the nation through an undignified international embarrassment and ultimately tragic economic depression, Africa, China and Russia agreed to allow America to make all the necessary structural reforms behind the scenes or risk social chaos.

5. Trump is consciously exposing all American weakness per the bankruptcy work through agreement, which was originally triggered by the Oct. 2008 financial collapse, then agreed by Dec. 2012 and now competing in early April 2018.

6. This ten year cycle of American structural reform had scheduled to wrap up over the weekend. Hopefully this will allow the RV to commence in its banking release.

7. All because after WW2 it was decided to elevate United States currency (USD) to the world’s reserve status—the benchmark by which all other currencies are valued. Why the USD was designated as equal to $1.00, by which all other world currencies would be measured above or below this defined and accepted benchmark of monetary value.
8. Fortunately, the new powers that be got way ahead of the American economic collapse as to do their best and not upset world populations with a sudden monetary depression due to the bankruptcy of the USA, Inc.

9. The days of printing an endless money supply (USD & US Treasury Bonds) is over, and no longer a primary obstacle to achieving fiscal parity.

10. There are no more overt military campaigns and covert media propaganda operations to replace governments in emerging markets and countries.

11. Not so subtly, new eastern world powers have banded together (BRICS) to create an asset backed monetary system that effectively replaces the 1944 Bretton Woods which abandoned the gold standard officially in 1971 with then US President Richard Nixon.

12. The new asset backed financial system out of Beijing returns the world to fiscal sanity (end of fiat trading, currency, bond issues) and eliminates the United States as the globe’s de facto benchmark of economic value and military power, which will allow the new USN to flow freely.

13. This includes the release of all gold back currencies including long suffering Vietnamese Dong, Iraq Dinar, Iran Rial, Turkish Lira, Venezuelan Bolivar, Afghanistan Afghani, Zimbabwe Dollars and Indonesian Rupiah.

14. Very soon, we will all bear witness to the return of the international gold monetary standard, which will be announced as collateral backing all global currencies and trades, managed from Beijing and agreed to by the rest of the free and sovereign world, including its worst historic violator... America.

15. The vast mineral reserves of Africa will quietly underpin this new monetary system for all nations remaining in good GESARA compliance standing—which means no war or private treachery.

16. Technologically, this new digital and quantum system has been created to be hack proof, and will now be openly implemented and overseen by the Chinese.

17. All good standing GESARA nation’s will protect by all other nations also of good standing, led of course by Russia, the new global police officer replacing the United States military (see Syria).

18. This means that American (and European) dominance has indeed ended, less any tragic Goliath-like thud. NATO nations will just have to adapt or die, as this how and why the new system of global governance is collectively designed and structured.

**********

F. April 6 2018 11:57 am EST Obama Scandal, Laila: Trump Attorney Receives Significant Documents Related to Obama Scandal Source: The Gateway Pundit Cristina Laila - Video Attorney Jay Sekulow’s federal court appearance on Obama’s unmasking: https://www.pscp.tv/w/bZY_jTEyNzY2NDd8MWpNSmdxb1ZPZVhLTFVpKk5s7_55TW6O7ODjdgkhplqRrXYcR_7zsBS7a_96 …

1. An attorney for Trump, Jay Sekulow and his senior counsel Carly Gammill appeared in a Washington D.C. federal court Thursday morning to find out when they will be receiving documents related to the Obama unmasking scandal. The ACLJ filed a FOIA lawsuit last summer and they are just now beginning to receive documents.

2. Sekulow stated on his radio show Jay Live on Thursday, the ACLJ (American Center for Law and Justice) just received some of the unmasking documents and they are “significant” and “newsworthy.” Jay Sekulow said the State Department and NSA have over 9,000 documents related to the Obama unmasking case.

3. The American Center for Law and Justice is expected to receive a portion of the unmasking documents on a monthly basis. Sekulow says he has received some information from the State Department already and will be revealing details Monday.

4. Sekulow said this is going to be quite a battle ahead with the courts and to “prepare for war.” Obama’s National Security Advisor, Susan Rice, former U.S. Ambassador to the UN, Samantha Power and Ben Rhodes are at the center of the unmasking scandal.

5. Hundreds of Americans were unmasked in the last year of the Obama Administration.

6. Sekulow pointed out that many illegal leaks of Trump’s transition were directly tied to the unmasking scandal.

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

G. April 6 2018 3:24 am EST, DJM: "Thank you, Thank you, Thank you!' by DJM - 4.6.18

1.My father thanks you Abel Danger, Field McConnell, David Hawkins, Vladimir Putin, Xi Jinping, President Trump, General Joseph Dunford. Abel Danger, my how you have grown.

2. Congratulations Zimbabwe, Iraq. Libya, you are next.

3. Two monarchs/Popes step down/resign in less than five years?

4. Humanity will witness Elizabeth give ISIS back her crown? Another monarch down?

5. Three sitting presidents in the US all in 2016? General Carter Ham, Paul Ryan, General Joseph Dunford. Who would have guessed?

6. Now we are Golden. 3-2-1-1-2-3AD


              
H. April 6 2018 3:22 am EST, DJM: "Father Knows Best!" by DJM - 4.6.18

1.100% gold/asset-backed, debt free Zim Bonds announced prior to April 6 2018.

2. Father knows best. Gurus? Predictions? Anyone? Anyone? Bueller? More predictions coming.

3. Two monarchs falling before we fly.

4. More announcements coming. Stay tuned. I’ll be back. I am DJM 3-2-1-1-2-3FBF

5. PS: In Canada we say eh. In Dinarland we say double A. The month of May will be glorious!

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

I. April 6 2018 12:33 am EST Indictments Unsealed, Seaman: (Video) David Seaman: Sealed Indictments Now Unsealed -- Take Down Imminent, It's Over

Seaman discusses the takedown of the royal family, celebrities, politicians - Rothschilds, Rockefellers, Clintons, Podesta's, Obamas, George Soros, etc with over 20,000 sealed indictments. Apparently David has seen the indictments. The unsealing of those indictments has already begun.

**********

J. April 6 2018 2:51 pm EST Dow Drops 650: Dow Drops 600 Points After Warning from the White House

K. April 6 2018 2:50 pm EST Market Pain: Trump Warns Investors to Prepare for Market Pain

"Where are we?" by blueray - 4/7/18

So where are we ? Certainly not at the Bank.

Hard to tell lately which side Trump is on. Theme of the day : Waffling.

Censorship/spying is dramatically increasing. I just got booted off of google email for not providing a phone number. Same account for 4 years. Go figure.

Does anybody take Op Dis 'Intel Alerts' seriously anymore ? Every week another task is added to the "must happen" list before the reset. This explains the Irish penchant for excessive alcohol consumption quite well.

" Dr. Clarke " is becoming less cryptic. Changing tactics ? Possibly adapting to audience loss with a new Shtick. Still sounds like Dr. Seuss. Still batting zero.

Wish I had some Yo-yo invisible money for Kent Dunn's tour to the edge of our " flat Earth." He's chopping up the alleged '4D' we have supposedly drifted into, parceled out now in more digestible segments like 4.0, 4.1, 4.2, 4.3, etc. Maybe it's like Windows 10 with never ending revisions for us cerebrally deficient humans. Sure hope he is better at farming than writing flat Earth theory..

Chemtrails remain a taboo subject. " Intel providers " spit out evasive answers when they deign to respond at all. We are still being poisoned daily. Galactics must be on a well deserved vacation at Turks & Caicos. Hope they enjoy those umbrella drinks, then get back to sucking up the aluminum & barium with sylphs. No hurry, I smoke anyway.

Who would have thought that TNT Tony would sound more sensible than other guru's ? It is hard to accommodate the TNT theme that the RV/GCR trigger basically revolves around a shithole country like Iraq. The Maliki cancer is tenacious.

More billions of prayers & meditations occurring with no discernible effect. At least there is no collection plate being passed around. Count our blessings, huh ?

Despite past claims of it's demise, IRS still collecting, homes still getting foreclosed on. Is this "event" being held up so the Cabal can make it's last April 15th swindle unimpeded ? Wouldn't want to deprive Queen Mum of her Windsor Castle remodel.

Intel "fact" posts losing ground to touchy-feely stuff like Sananda's & Sheldan Nidles. I guess "just the facts, Ma'am" doesn't matter so much in 4D, 3.2 version.

Rumors that KTFA Frank will trade in his Shofar horn for an Alto Sax are unfounded.

The "free will" concept is still being used as an excuse for non performance. If even a single claim of "aliens" being on/visiting Earth are true, interference has already occurred, negating this oft tendered reason for lack of beneficial action. Claims of "soul contracts" that we know nothing about, yet we are still bound by, belong in the same refuse container as the free will argument.

The unrealistically high exchange rate furor has subsided into more believable territory. It will be telling regarding 'true Christians' to see how many take the biblical usury warning to heart & decline to collect interest. Kind of scary to think that those suddenly becoming {theoretically} billionaires would care about 'investing' to make even more.

Billy Goat still flailing away at the 'Iraq is the trigger' concept. Thankfully, the soliloquy's of the scenic alps in Bavaria have ceased.

No evidence of purported mass arrests yet. Maybe Gitmo isn't refurbished yet.

Anna von Reitz seems well intended, but still doesn't feel quite right. Hard to believe that one person can write so many daily articles without a sizable staff.

Sure would like to see a demonstration of the magical powers claimed by J. Rand & "pocket knife" Drake Bailey. The claimed abilities seem to grow every week.

Yo-yo revelations limited to occasional visits now, thankfully. Must have reached the membership required to keep him in invisible church money. Did anybody ever really buy the ZIM exchange rate of $125,000 per unit ? Then again, maybe Spiderman was real.

The Tank/Kim controversy has predictably thinned to an occasional rendering. Tank sure seemed like the most honest guru, but unfortunately was a similarly ineffective intel predictor. Too bad. Looks like Kim was really im-possible.

Sure hope SOMEBODY is right one of these days.

" The power of accurate observation is commonly called cynicism by those who have not got it." ~ George Bernard Shaw

blueray

TNT TIDBIT,7 APRIL

Red:
I have found people come into this investment for one of three or four reasons number 1, it sounds reasonable, number 2, fear of loss, number 3, greed, number 4 just to get you to leave them alone, number 5,ei wife is out of town and doesn't know . either way it will be a win-win for them

Briona:
One thing for sure, this is the most unpredictable event I have ever seen, as nothing occurs on schedule, so it is any ones guess when this will go. I have my fingers crossed for next week, so if logic has anything to do with this event, it makes sense to do it now.

Fuze:
Briona hopefully logic will finally prevail in Iraq. Today we have the "Kurdish" President of Iraq, announcing publicly things are good and normal with the kurd baghdad relationship! Wait until after the elections? We all can testify to this truth. Right now April 6th this weekend is the most stable we have seen iraq sence we've been in this...

Briona:
FUSE, I agree, to hear the Kurds are happy and cooperating, should be all they need to say this is ready to go. Stability after the election is questionable at best, so this makes little sense, to let it go now.

KTFA: FINAL INSTRUCTIONS, 7 APRIL

AnotherMailman » April 6th, 2018

Quick question if anyone is still awake. Lol! I understand that the budget has been published but nobody has been paid from the 2018 budget?

2Cents » April 6th, 2018

Hey another_ mailman......I apologize for not responding to your request for assistance last night.....after the way the day progressed, i felt stifled........I hope you see this today.....

The budget was reportedly supposed to post last Sunday. On Saturday, they stated that it would not be Sunday but Monday instead. On Tuesday, we saw articles that stated the budget had been officially published in the Gazette. There were some unofficial reports that it actually officially posted at 10:25 PM Monday evening....Interestingly enough, the budget caption was posted without any body. 

It is essentially blank so no-one knows what rate is actually "officially posted"....This brings up the question that if still in trillions, why not just post as normal......it could simply be that they are also hopeful that the rate will change prior to having to actually disclose and use the budget....remember the control of this is not actually in their hands

I had postulated that Tuesday was the best day to post as it wouldn't fulfill the 3 day requirement until after Thursday. IMO, this sets a great stage for Abadi/Alak to make some important announcements Friday after sunset or Saturday. However, we now see what may or may not be a "fly in the ointment" as the Kurds have yet to remit the 40+ billion dinars they received from Baghdad for the farmers and peasants and a delegation from Kurdistan is not coming until Sunday to resolve this issue. 

Time will tell but I have always said that the IQD has to be "emptied from the coffers" of the government(s) prior to the CBI lifting the program rate......perhaps 40+ billion will be determined to be an acceptable amount but even at 1-1, this will end up valued at more than two years of the Kurd budget.....Time will Tell....(By the way, the Kurds have called for a holiday on Monday)

As to salaries.....we have seen reports that salaries for March and April were remitted this week....there has been no clarification as to what these are actually for as we have been taught here that the last Thursday of the month is the usual payday.....my hope is that they actually get paid in the first week of the month for the previous month but this has always been a gray issue throughout dinarland.....

I always thought that with so many in dinarland reportedly having direct contacts in Iraq that this would have been easily clarified......If the first week is for the previous month, then the reported March salaries would be for work performed in February and the reported April salaries would be for work completed in March......This would be congruent with cleaning up liabilities through March 31st(1st 1/4) so that when the budget does officially open, it is clean to start the 2nd 1/4......

I hope that helps get you caught up going into this weekend......

Manaolana3 » April 6th, 2018

Thank you Frank, Tink, Walkingstick, Delta, I-Team, AG, Newshounds for another Stellar Wed CC.

Walkingstick wants you to know family, what is being shared with you is in the Final Articles.

ALAK: "I am ready to lift the exchange rate; they closed the gap; 2% compliant

WS: They used a "TOOL" which is ARTICLE VIII to lift the 3 things that are the "SUITABLE ENVIRONMENT" to:

lift the restrictions on the currency exchange rate

remove the 3 zero's

suspend/stop the currency auctions to one (1) official rate; they are ready to establish their 1:1 official rate without any further hiccups

WS: if they show budget with a program rate, then there is a tight window for them to show a new rate

WS: when they closed the gap 2% variance, that was the end of the MCP's; they eliminated their MCP practice

ALAK: final meeting with journalists to prepare and instruct them for final Article(s)

WS: on the onset...it's on the CUSP; my firm is prepared; everybody is on board; they are all prepared

WS: the word is "DIVULGE." "We the UST, IMF, WB, CBI BOD are the ones involved in divulging the "reinstatement of the Iraqi dinar."

WE ARE READY...3 2 1 

FRANK: "LAVA FLOW" has stopped!

WS: Time has run out...because, IT IS FINISHED! the ball is rolling!

WS: There will be a 'HAPPY DAY" in a MATTER OF DAYS...IN A MATTER OF HOURS...BEFORE MAY!!!"

FAMILY...YOUR FINAL INSTRUCTIONS IS TO WAIT. NOTHING ELSE TO SAY. THEFINAL WORD IS "WAIT."

WAIT!!!!!!!!!!.......WAIT!!!!!!!!!!.......WAIT!!!!!!!!!!

Millie » April 6th, 2018

BACK HOME IN TIME FOR THE LAUNCH 3...2...1 

Samson » April 6th, 2018

Abadi returns to Iraq after concluding visit to Japan


2018-04-06 at 09:05 (Baghdad time)

Prime Minister Haidar al-Abadi returned to Iraq on Friday after concluding his visit to Japan.
"Abadi returned to the homeland after concluding his visit to Japan," the prime minister's office said in a statement received by Mawazine News.

Prime Minister Haider Abadi arrived Wednesday (April 4, 2018) in the Japanese capital Tokyo for an official visit.

The visit aims to enhance bilateral cooperation in various fields, open investment horizons for Japanese companies and attend the Tokyo conference on supporting job creation, vocational training and reducing the circulation of arms in Iraqi society.

During his visit, Abadi met with his Japanese counterpart Shinzo Abe, as well as several Japanese officials and companies. LINK

ChrisC » April 6th, 2018

For those of you who know who David Seaman is, I received the most current video from him from my brother last night and it was a shocker. 

He claims that all of the stories of sealed indictments are true and they are finally being served. He claimed there are in fact 20,000 of them, all tied to corruption, pedophilia, human trafficking, etc. 

Go to TruthReport on Youtube to see it. In the video he talks about Trump declaring that by his second term that the US will have no debt. 

I wonder how that is going to happen? (wink)

Walkingstick » April 6th, 2018

Modern technology is entering the financial sector


With local application

Baghdad / Al-Sabah 

The transfer of advanced technology represents an important step to activate the banking services, which represent the nerve of economic development sought by the country, which requires us to start where the world ended to keep pace with developments in the field of the financial sector..

http://www.alsabaah.iq/Article.....155172 

MilitiaMan » April 6th, 2018

ATM's are flowing and bringing in the Citizens. They clearly are working to fire this off and have been for some time now. imo Thanks WS!! ~ MM

The Central Bank of Iraq announces the control of the flow of funds through the introduction of the payment system

April 5, 2018 

The Central Bank of Iraq announced on Thursday that the progress of the Iraqi payment system during the past period led to the control “significantly” on the flow of funds inside Iraq and to provide a comprehensive database and accurate on all transfers within the financial sector and banking, through several procedures and precautions Which has been implemented and is currently working, including the modernization of the payment system in all its components according to international standards.

The bank said in a statement, followed by the Iraqi Economic Center, that the modernization was aimed at absorbing the increasing volume of transactions that are carried out through this system to be easily compatible with various banking systems. The most important systems operating in the Central Bank, the RTGS system, 2006, and the C-ACH Clearing System, which was implemented in 2011, which provides a comprehensive database of all electronic settlement of electronic instruments and inter-bank payment orders.

The Central Bank has issued a set of instructions and precautions for banks to limit the risk of exchanging sukuk N through the system.

The Central Bank directed the establishment of the National Payments Council of Iraq, which includes members from within and outside the Central Bank, which contributes to the development of strategies for the development of payment and settlement systems and follow-up implementation, and the improvement of international best practices.

The statement pointed out that this bank to implement a number of measures taken, including the application of the IBAN, which aims to consolidate the bank account numbers for all banks operating in Iraq, which allows banks to verify the validity of the transferred account number.

Iraq has been included in the list of countries that deal with the international number, which does not accept domestic or foreign transfers except within the international number standards, and in terms of the precautions taken to govern the transfer of funds, especially with regard to electronic instruments transmitted through the system The security specifications of the electronic instruments withdrawn to the banks for the purpose of preventing them from forgery were also unified, as well as the addition of new functions of the system for the purpose of enabling the banks and their branches to control the process of sending and receiving instruments and preventing the passing of forged or stolen instruments. Drawn up for the government banks to be settled on time, and the suspension of instruments that enable the bank to stop any instrument and its location in case of theft or forgery.

The statement pointed out that the Central Bank implemented the internal clearing system between the branches of one bank, which enables government banks that do not have a comprehensive banking system to complete all transfers of branches and provide a comprehensive database to conduct the process of matching efficiently between public administrations and branches.

The statement added that one of the important projects that the Central Bank has implemented is the retail payment infrastructure project, which consists of the national division that supports inter-bank clearing for transfers made by customers and transactions through the use of ATMs and points of sale through credit cards which Linked to the bank account, the mobile payment system, where the funds will be transferred through electronic portfolios without the need for a bank account, and also can make transfers for payment of bills and shopping.

The statement concluded that the recent project to settle the salaries of state employees based on the decisions of the Secretariat of the Council of Ministers No. 313 and 281 to convert the system of payment of salaries to employees, including allocations and benefits to an electronic payment system.

By opening bank accounts for employees in banks (government and private and branches of foreign banks) and issuing city cards linked to the account to be withdrawn through ATM machines or through the process of buying from points of sale at the lowest possible costs, as well as benefit from other banking services (such as loans, Online purchasing services, savings accounts, etc.). As this project contributed to the provision of liquidity within the banking sector and the optimum use of financial and banking services inside and outside Iraq.

http://en.economiciraq.com/201.....nt-system/

Get1Later » April 6th, 2018

It's REALLY time to announce your NEW RATE (or Just Release it and be Quiet about it)

Samson » April 6th, 2018

Vietnam : Remittance to HCM City increases to over $1.1bn


6th April, 2018

Remittance to HCM City in the first quarter of 2018 increased by 4.5 per cent against the same period last year to reach US$1.12 billion, a central bank official said.

According to Nguyễn Hoàng Minh, deputy director of State Bank of Việt Nam (SBV)’s HCM City branch, most of the remittance is invested in production and business instead of being poured into real estate, securities or savings as previously.

Roughly half of the remittance to the city came from the United States, Canada and Australia, he said.

The remittance to HCM City has been rising in recent years, Minh said, predicting that the capital source to the city will continue to be positive this year.

HCM City remained the largest recipient of remittances in Việt Nam last year, with an inflow of $5.2 billion, a 4.5 per cent year-on-year increase.

Last year’s remittance hike was a contrast to many predictions that the remittance to Việt Nam would reduce due to US immigration and interest rate policies as well as Việt Nam’s zero per cent dollar deposit interest rate.

Nguyễn Ngọc Cảnh, director of SBV’s Foreign Exchange Management Department, said although the central bank had set the ceiling of dollar deposit interest rate at zero per cent, overseas remittances to Việt Nam continued to remain stable.

The overseas remittances to Việt Nam are not affected by the interest rate gap between the dollar deposit interest rates in the country and the rest of the world, or SBV’s foreign exchange policy, Cảnh said.

According to analysts, Việt Nam’s rapid economic growth and improved business environment have enhanced investor confidence and attracted remittances into the country.
LINK

Vietnam's middle class booms

6th April, 2018

More than 70 per cent of the Vietnamese population has fully escaped poverty, with at least 14 million having joint the global middle class, a World Bank report found on Thursday.

According to the report which studied poverty reduction in Việt Nam during the 2014-16 period, the number of Vietnamese considered economically secure reached approximately 75 million in 2016. The new class of ‘emerging consumers’ are defined as earning enough to cover basic daily needs, being able to save, and spending over US$5.5 a day per capita.
The number of those emerging consumers shot up by about 20 per cent in the last six years, correspondingly, the number of people living in poverty reduced by 20 per cent over the same period. 

Between 2014 and 2016, a staggering three million Vietnamese people joined the global middle class. 

The rapid rise of the new consumer class is set to transform lifestyle trends in Vietnamese society as citizens strive for higher living standards and better quality service. This in turn will cause a shift in the country’s economic model towards the service and consumer industries, according to the report. 

Poverty reduction

The steady increase of economic growth over the last decade fundamentally helped to eliminate poverty in Việt Nam, the report said, noting that poverty declined in all demographics of the population.

The number of people living in poverty in 2016 sat at around 9.1 million. This was following an average reduction of 1.85 per cent a year between 2014 and 2016. This rate was positively higher than the Government’s annual goal of 1.5 per cent reduction as outlined in its National Target Programme on Poverty Reduction for 2016-20

Households of ethnic minorities – the most vulnerable to poverty – living in poor conditions witnessed a record decline over the last decade. Close to two million ethnic minority people climbed the economic ladder, equivalent to the number of poor people declining from 8.4 million in 2010 down to 6.6 million in 2016.

“Việt Nam has achieved tremendous results in reducing poverty and improving the quality of life for millions,” said Ousmane Dione, World Bank Country Director for Việt Nam.

“The decline in poverty amongst ethnic minorities is encouraging, and more focused efforts on improving their incomes can further broaden their opportunities and reduce persistent inequalities.”

“The aspirations of those with less opportunity cannot be ignored.”

The report did however point out a disturbing fact regarding who was being left behind in the country’s development. Some 72 per cent of people currently living in poverty are ethnic minorities, the report found - an increase from just 47 per cent eight years ago.

It may not be a mere coincidence when the northern mountainous regions and the central highlands, where most of the ethnic minorities are residing, also had more than half of the country’s total poor people. LINK

Vietnam : US $66 billion to boost Greater Mekong Sub-regioneconomic co-operation

31st March, 2018

President of the Asian Development Bank Takehiko Nakao gives a speech at the 6th GMS Summit in Hà Nội on March 31

Sixty-six billion US dollars in 220 projects will be invested in the Greater Mekong Subregion to strengthen regional economic co-operation in the next five years, Prime Minister Nguyễn Xuân Phúc and President of the Asian Development Bank Takehiko Nakao told a press conference at the sixth Greater Mekong Subregion Summit (GMS-6) in Hà Nội on Saturday. 

The PM highlighted the success of the sixth summit with the participation of thousands of delegates, especially the sixth GMS Business Summit. These included this year’s host Việt Nam’s initiative to hold the GMS Business Forum, the first of its kind, which attracted thousands of companies from the region. 

PM Phúc said Việt Nam continued supporting regional co-operation and integration by implementing even more transport infrastructure and information technology projects. He stressed that the country would focus on sustainable development, making sure its economic development goes hand-in-hand with environmental protection and economic development efforts leave no one behind.

Among the targets are closing the gap between different regions of the country, providing the people with basic amenities such as roads, water and electricity and pushing on human resource development font. 

President of the Asian Development Bank Takehiko Nakao pledged the bank's support for the region’s future development, especially in building its infrastructure network. 

Takehiko said ADB placed great importance on renewable energy as well as other forms of green energy including hydropower. ADB would provide support for the private sector in developing environmental-friendly technologies such as smart grids and green transport as well as in urban development issues such as clean water and waste treatment. 

Earlier during the plenary session, delegates from the GMS countries saw the formal endorsement of the Hà Nội Action Plan 2012-2018, the Regional Investment Framework 2022 and the Sixth GMS Summit Joint Declaration. LINK