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Samson » July 5th, 2019
Iran launches new currency exchange market from Sulaymaniyah
4th July, 2019
Iran has launched a system to exchange foreign currency in a market it seeks to create, in an effort to avoid the effects of US economic sanctions.
The efforts of the Iranian authorities and its central bank are trying to "establish a system of exchange of currency through which to monitor and predict the state of its currency in a nearby manner, by setting a point of follow-up to determine the value of the currency in the market."
"The current Iranian model is based on Iranian currency markets in the Iraqi province of Sulaymaniyah and the Afghan Hirat after the UAE blocked the circulation of the Iranian currency in its markets, which has turned the two other markets into major Iranian sources to exchange the currency."
It is noteworthy that Iran is trying to get out of the financial dilemma that is currently in the orbit of inflation, as the state is forced to sell the dollar at a cheap price for traders, and cover the exchange rate variance of the treasury, in order to buy and import basic materials, which contributes to the growth of inflation, Iran, as well as the emptying of Iran's stockpile effectively and quickly, especially with the rise of the price barrier of basic commodities about 50%. LINK
Don961 » July 5th, 2019
A Russian-Chinese-Indian alliance seeks to undermine the American financial empire
- 22 Hours Ago
MOSCOW (Reuters) - Russia's tripartite alliance of Russia, China and India has called for working together to reform the International Monetary Fund (IMF) to reduce US hegemony and maintain the World Trade Organization at a meeting on the sidelines of the G20 summit in Osaka, Japan.
The heads of state of the three countries met on the sidelines of the G20 summit, which ended in Japan last week.
Not surprisingly, the alliance between China and Russia, according to analysts, is old against the American money empire, but it is surprising that India has joined the alliance.
The tripartite tripartite alliance is struggling with the challenges of US President Donald Trump to create a new global trade and economic system that reduces Western hegemony over financial organizations and maintains the World Trade Organization.
The tripartite meeting of the leaders of Russia, India and China, held on the sidelines of the G20 summit in Osaka, called for maintaining the global role of the World Trade Organization as a basic trade structure, but also needs to reform the IMF, the Russian newspaper "Online" reported in a report. Which Russia, India and China can do together.
At the tripartite meeting, Russian President Vladimir Putin noted that the broad cooperation of the three States could serve as an example of a modern, multipolar, equitable, non-protectionist, unilateral and illegal regime.
Russia is allied with China to block US hegemony over global trade and finance systems. They have plans for an "alternative currency for the dollar" and a special clearing that goes beyond the dollar in financial settlements.
This comes amid repeated US embargoes by the Trump administration.
Putin said at the tripartite meeting that the coordination of the three capitals provides an input to the most important issues related to the activities of major international organizations such as the United Nations, Brix, the Shanghai Cooperation Organization and the G20, which can bring good returns.
The International Monetary Fund (IMF) was established in 1945 as a solution to economic problems after the Second World War in Bretton Woods and it was necessary to maintain the Bretton Woods currency pricing system.
But the call for reform of the fund has been going on for years and by many financial experts, as 75 years have passed since the establishment of the fund and many economic and political transformations have made economic weight shifting from Europe to Asia.
All decisions are made at the International Monetary Fund by 85% of the votes, while the United States alone holds about 17% of the vote. That is, it can disable any initiatives. In contrast, the United States remains the largest financier of IFAD's programs.
The Russian protest is justified by Russia's meager share of the fund's capital, which determines the percentage of votes in decision-making.
Russia has only 2.7% of the vote, while its impact on the global political agenda is much higher. In China, the IMF has recently introduced the yuan into its currency.
The New Arab link
Samson » July 5th, 2019
China and US to resume trade talks next week
5th July, 2019
According to the newspaper "South China Morning Post" issued in Hong Kong , citing early on Friday, the source of China and America will resume next week in Beijing, trade talks.
The newspaper pointed out that "a Chinese source confirmed that the US negotiators will return to Beijing next week to discuss details."
According to the source, the Chinese side wants first of all to see how the US administration will ease the ban on what Huawei is supplying, as President Donald Trump promised, and then China will make a commitment to buy US agricultural products.
If the parties can not resolve the problem, the talks will stop immediately, and Washington will impose new tariffs on China's $ 300 million export, the source said. LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Samson » July 5th, 2019
Iran launches new currency exchange market from Sulaymaniyah
4th July, 2019
Iran has launched a system to exchange foreign currency in a market it seeks to create, in an effort to avoid the effects of US economic sanctions.
The efforts of the Iranian authorities and its central bank are trying to "establish a system of exchange of currency through which to monitor and predict the state of its currency in a nearby manner, by setting a point of follow-up to determine the value of the currency in the market."
"The current Iranian model is based on Iranian currency markets in the Iraqi province of Sulaymaniyah and the Afghan Hirat after the UAE blocked the circulation of the Iranian currency in its markets, which has turned the two other markets into major Iranian sources to exchange the currency."
It is noteworthy that Iran is trying to get out of the financial dilemma that is currently in the orbit of inflation, as the state is forced to sell the dollar at a cheap price for traders, and cover the exchange rate variance of the treasury, in order to buy and import basic materials, which contributes to the growth of inflation, Iran, as well as the emptying of Iran's stockpile effectively and quickly, especially with the rise of the price barrier of basic commodities about 50%. LINK
Don961 » July 5th, 2019
A Russian-Chinese-Indian alliance seeks to undermine the American financial empire
- 22 Hours Ago
MOSCOW (Reuters) - Russia's tripartite alliance of Russia, China and India has called for working together to reform the International Monetary Fund (IMF) to reduce US hegemony and maintain the World Trade Organization at a meeting on the sidelines of the G20 summit in Osaka, Japan.
The heads of state of the three countries met on the sidelines of the G20 summit, which ended in Japan last week.
Not surprisingly, the alliance between China and Russia, according to analysts, is old against the American money empire, but it is surprising that India has joined the alliance.
The tripartite tripartite alliance is struggling with the challenges of US President Donald Trump to create a new global trade and economic system that reduces Western hegemony over financial organizations and maintains the World Trade Organization.
The tripartite meeting of the leaders of Russia, India and China, held on the sidelines of the G20 summit in Osaka, called for maintaining the global role of the World Trade Organization as a basic trade structure, but also needs to reform the IMF, the Russian newspaper "Online" reported in a report. Which Russia, India and China can do together.
At the tripartite meeting, Russian President Vladimir Putin noted that the broad cooperation of the three States could serve as an example of a modern, multipolar, equitable, non-protectionist, unilateral and illegal regime.
Russia is allied with China to block US hegemony over global trade and finance systems. They have plans for an "alternative currency for the dollar" and a special clearing that goes beyond the dollar in financial settlements.
This comes amid repeated US embargoes by the Trump administration.
Putin said at the tripartite meeting that the coordination of the three capitals provides an input to the most important issues related to the activities of major international organizations such as the United Nations, Brix, the Shanghai Cooperation Organization and the G20, which can bring good returns.
The International Monetary Fund (IMF) was established in 1945 as a solution to economic problems after the Second World War in Bretton Woods and it was necessary to maintain the Bretton Woods currency pricing system.
But the call for reform of the fund has been going on for years and by many financial experts, as 75 years have passed since the establishment of the fund and many economic and political transformations have made economic weight shifting from Europe to Asia.
All decisions are made at the International Monetary Fund by 85% of the votes, while the United States alone holds about 17% of the vote. That is, it can disable any initiatives. In contrast, the United States remains the largest financier of IFAD's programs.
The Russian protest is justified by Russia's meager share of the fund's capital, which determines the percentage of votes in decision-making.
Russia has only 2.7% of the vote, while its impact on the global political agenda is much higher. In China, the IMF has recently introduced the yuan into its currency.
The New Arab link
Samson » July 5th, 2019
China and US to resume trade talks next week
5th July, 2019
According to the newspaper "South China Morning Post" issued in Hong Kong , citing early on Friday, the source of China and America will resume next week in Beijing, trade talks.
The newspaper pointed out that "a Chinese source confirmed that the US negotiators will return to Beijing next week to discuss details."
According to the source, the Chinese side wants first of all to see how the US administration will ease the ban on what Huawei is supplying, as President Donald Trump promised, and then China will make a commitment to buy US agricultural products.
If the parties can not resolve the problem, the talks will stop immediately, and Washington will impose new tariffs on China's $ 300 million export, the source said. LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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