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Thursday, August 10, 2017

"Guess we will all see" - Peoples Dinar News Discussion 8-10-17

Peoples Dinar

Mrs Classy:
Press Release: Vietnam Accepts IMF's Article VIII Obligations


January 5, 2006 Press Release No. 06/02

The government of Vietnam has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3 and 4 of the IMF's Articles of Agreement, with effect from November 8, 2005.

Under Article VIII, Sections 2, 3 and 4, IMF members undertake not to impose restrictions on the making of payments and transfers for current international transactions, and not to engage in, or permit any of their fiscal agencies to engage in, any discriminatory currency arrangement or multiple currency practice, except with IMF approval.

A total of 165 of the IMF's 184 members have now accepted the obligations of Article VIII, Sections 2, 3 and 4.

By accepting the obligations of Article VIII, Sections 2, 3 and 4, Vietnam signals to the international community that it will pursue economic policies which will make restrictions on the making of payments and transfers for current international transactions unnecessary, and will contribute to a multilateral payments system free of restrictions.

MrsClassy: Chapter 7 is not a bam moment to RV, as you can see from the article, Vietnam and the Dreaded Dong, have been out of Chapter 7 for almost 12 years, :Why no Re Value of their Currency"?

Not wanting to be a Debbie Downer, but we thought the Budget was the key, then the Liberation Speech, Electronic Banking, Chapter 7, and the list goes on and on, Believe me I fell into the loop also,

Although these are all excellent steps to our reward, Im thinking that when we start seeing, articles on HCL, Article 140. that is the moment!

We got Dong also, come on Vietnam, or you watching Iraq? Guess we will Sea.

Barney Fife: I agree

With all these steps happening in a short period of time and no announcement of postponing deletion of zeros I believe like most were very close. Iraq visibly has immense pressure that has to be addressed this year and quickly.

Just think about how many products make up the construction of one home. All the different items being imported with a extremely weak currency means these products will cost whom ever is paying for it a lopsided amount, plus when the building industry has a large demand prices never go down or stay even they dramatically go up. They can't afford such a lose with such high density amounts of housing that is required.

In construction trade companies will raise all their prices because of supply and demand. These employers will raise their estimates and you won't have a choice but to pay what they ask. So the homeowner will get hit on both sides of the construction. Now if they raise that Dinar it will off set the imports that will make it a more even footing on all the materials.

No matter what the trade employers are still going to get what they want because they'll be so covered up and they'll won't be enough to meet the demand. That's just on construction what about everything else......

Teejay2: Great post Barney...couldn't agree more!

Hstrymknwmn: I also saw for the past 2 days high level international and diplomatic movement in Baghdad. Haven't we heard in the past this is important? :D:D:D

http://www.mawazin.net/بوصلة-الدبلوماسية-العالمية-تتجه-صوب-بغداد/سياسية

Baghdad Mawazine News
The global diplomatic compass has moved towards Iraq to reaffirm its importance and influential role in the course and future of the region and the world.

Delegations coming from the east and west of the country to Baghdad welcomed the Iraqi victories over terrorism and confirmed their efforts to open up prospects for cooperation in all fields.

During the past two days, the capital Baghdad has witnessed a high-level international and Arab diplomatic movement. Algeria, which sent its foreign minister at the head of a high-ranking delegation, confirmed during his meetings with the three presidencies that the victory of the Iraqis gave great hope to stability in the region.

Prime Minister Haider Abadi also received in his office Wednesday the envoy of German Chancellor Eckhard Proze and his accompanying delegation.

During the meeting, they discussed the bilateral relations between the two countries and ways to strengthen them in all fields, in addition to the war on terrorism and support for Iraq in various sectors.

He congratulated him on the victory of terrorism and the liberation of Mosul, stressing his country's support for Iraq in the economic field, restoring stability and establishing projects in the province of Basra, as well as cooperation in the fields of opening hospitals and treatment centers for the wounded.

Abadi also met with Lebanese Defense Minister Yacoub Riyad Al-Sarraf, who praised the Iraqi forces, their courage and their victories over the terrorist gangs.

On Thursday, Baghdad hosts Jordan's foreign minister, followed by an Iranian minister to discuss the issue of joint cooperation, while the defense minister discussed with his Lebanese counterpart the relations and military cooperation between the two countries.

Barney Fife: This will happen if the government raises its support for the dollar

BAGHDAD / The economic expert Bassem Jameel Antoine said on Thursday that the dollar will rise by 20 percent if the government raises subsidies on him. He also pointed out that dollar prices can be controlled if imported goods are seized and restricted to the necessary goods only.

Antoine told "Iraq News", that "the US dollar will rise by 20% in the Iraqi markets if the government to raise support for him," pointing out that "dollar prices can be controlled in the case of seizure of imported goods and restricted to the necessary goods only with an emphasis on Taxation as its prices are mainly linked to supply and demand. "

The economic expert said that "this step can support the Iraqi economy and lift the burden on the state on the condition that it is applied carefully to ensure that the dollar does not rise too much," noting that "the government will be required to provide essential consumer goods in the markets to ensure that the class is not damaged Poor ".

Raising government support for the dollar means that its exchange rate against the dollar or any foreign currency is far from any intervention by the government or the central bank in determining its price, and its value is linked to supply and demand. Finished
http://aynaliraqnews.com/index.php?aa=news&id22=80312

Tomjfin: Barney- not seeing this as positive..? A stronger dollar = a weaker dinar......

Payray: I believe comparing Vietnam's situation to Iraq's is like comparing apple's to orange's... Vietnam has become a haven for manufacturing, and in fact will more than likely take the place of China once the Yuan increases in value in the coming years...

They are preparing for China's currency to supersede even the USD sometime in the next decade IMHO... I believe the Dong will increase in value to help their citizens to buy as well...

Iraq relies heavily upon oil to fulfill its budget as we all know... They have no manufacturing base to speak of, but is rich in natural resources...

There are consumer oriented companies coming into Iraq, or are preparing to do so with high aspirations concerning their products being bought up by Iraqi citizens...

You have neighbors surrounding Iraq whose currencies are far superior in value than Iraq's... Yet, Iraq is far more rich in resources, and could very well have the highest valued currency in the world very easily...

You want to talk about instability if all of this talk of Iraq's wealth is being touted over the media, yet their citizens remain in a state of poverty in comparison to their neighbors?...

I can tell you right now that will not fly with the people of this nation, and Iraq would become a haven for terrorism, and worse than ever... The government of Iraq, the surrounding nations, and world leaders know that this increase of the value of the dinar must happen..

. This country has not been the center of attention by many world ruling organizations, and powerful countries, for the most part, over the last few decades for nothing...

Change is coming within this country... It will benefit countries that have invested their time, and resources within Iraq... It is going to stave off a financial collapse of worldwide proportions as well... As this event was intended to do... So much orchestration going on, and more so than most want to believe...

They have been preparing for this for a long time.. I believe the HCL, and article 140 are further along than what they have lead on... IMHO.. Have a great day, and there is much to be optimistic about...

Jacktt: What happen to the IMF issuing a warning to Iraq a week or so ago that they cannot continue to have dual currencies and expect any more loans? (Iraq is a Mystery, wrapped in a Riddle, boxed in an Enigma)

​LStar: Jacktt, That would help us tremendously!

LStar: I have to agree with ray. The value of a country's currency is based on their assets, if I'm not mistaken. Vietanam is a mass producing cheap labor country with no real riches, as far as I know. I could be wrong. I can start researching Vietnam. Iraq is so wealthy. The top 5 richest countries in The world.

Their currency value is gonna be based on supply and demand. Isn't that what we learned in college? No one has any demand for a dong. But iraq is a completely different story if they would Stop Using The USD!

LStar: "they'll won't be enough to meet the demand. That's just on construction what about everything else......" Thanks Barney! central bank in determining its price, and its value is linked to supply and demand. Thank you Barney!

Livefree: "The CBI has to find a way to get the market rate down to 1207 or so. Currently it is 1260"

Just the other day we read how the Pilgrims were exchange their dinars for dollars at the "official" rate of 1200 dinars to 1 dollar. Remember that?

Mrs Classy: Great thread everyone, Payray, I didnt want to say a whole bunch but wanted the thoughts to come in, You are correct, Iraq and Vietnam,,,apple's to orange's..Appreciate everyone commenting.

Vietnam's situation to Iraq's is like comparing apple's to orange's... Vietnam has become a haven for manufacturing, and in fact will more than likely take the place of China once the Yuan increases in value in the coming years...

They are preparing for China's currency to supersede even the USD sometime in the next decade IMHO... I believe the Dong will increase in value to help their citizens to buy as well...

FWIW, From what I understand, from Vietnamese businessman (friend of friend) they’ve been expecting increase this year. This is from a dear sweet lady, that personally deals with Vietnam. Guess we will sea!

http://forums2014.peoplesdinar.com/index.php?/topic/114975-went-to-bed-thinking-want-to-show-you-all-something/#comment-876942

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