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TNT Chatter   8/30/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

TNT Chatter 8/30/18

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Post by Ssmith on Fri Aug 31, 2018 8:21 am



Just talked with Xchange of America about an order and asked about the email regarding exchanging Dinar. She said that means All locations can exchange….Xchange America email not really significant for us unless they benefit on people returning their Dinar and waiting for the value change

They will not need that much cash most exchanges will be digital

A hundred people taking 10 grand adds up.

rojo,,for every balance opened, they, the bank, have to fund a certain percentage of the total,,,not sure exactly but could be in the range of 20% so with them receiving more cash, they can open more accounts

WOW!! of Iraq ‏ Verified account @IraqiGovt 13m13 minutes ago More PM ​@HaiderAlAbadi has relieved the National Security Adviser, Head of the​ PMF Commission and the National Security Service, Falih Al-Fayyad of ​his duties. @IraqiGovt is committed to ensuring that senior government​ officials are apolitical and protect the unity of Iraq.

#Iraq, 30 August 2018 - President Fuad Massoum received today SRSG for Iraq Ján Kubiš to discuss the latest political developments, notably preparations of the inaugural session of the Council of Representatives on 3 September & the process of forming of new government

Vietnam, the next country to join the de-dollarization movement.

Vietnam the next country to join the de-dollarization movement as it will allow direct bi-lateral trade with the Chinese Yuan by Ken Schortgen Shotgun Economics

On Aug. 29, the country of Vietnam became the latest economy to join in the ongoing de-dollarization by announcing they will begin direct bi-lateral trade with China using the Yuan in certain areas.

Vietnam plans to officially allow the use of the Chinese yuan for trading goods in its northern border towns, the central bank said on Wednesday.

The State Bank of Vietnam announced on its website that merchants, residents and related banks and institutions engaged in cross-border trade will be authorized to use the yuan, or the Vietnamese dong, to settle transactions starting on Oct. 12.

The central bank did not provide further details, but many economists see the decision as an attempt to reduce foreign exchange risks from current trading practices.

Trade between Vietnam and China exceeds $100 billion, and most transactions are settled in U.S. dollars. This creates a forex hazard for both sides. – Nikkei Asia Review

De-dollarization, or trading directly with one’s own currency, began in earnest in 2013 when Russia and China agreed to use the Yuan instead of the dollar in an energy agreement. However this paradigm of bi-lateral trade has accelerated here in 2018 thanks to Trump’s global trade war, and the Fed’s raising of interest rates on the reserve currency.


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