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blueskyline

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  1. https://bulawayo24.com/index-id-business-sc-local-byo-167963.html..... Business / Local New Zimbabwe currency in 21 days by Mandla Ndlovu 10 Aug 2019 at 10:01hrs | 26471 Views The Zimbabwe Reserve Bank is expected to launch a new series of Zimbabwe Dollars to replace the Bond notes and the non physical RTGS$ in twenty one days. An RBZ source who spoke to this reporter on Friday midnight said they emerged from a meeting where all systems were set at go. I am just coming from a marathon meeting with the bosses and I can assure you that the Zim dollar will be printed and unveiled in the next 21 days ceteris paribus," the source said. "The Governor has been busy the whole week in consultation with relevant stakeholders to make sure that the physical notes are launched with public confidence as they will ease the liquid crisis that the country is faced with." The source added that the new notes are anticipated to stabilize the Zim dollar at around 1:1 rate with the South African Rand thereby giving a boost to salaries that workers have been crying of. In June Finance Minister Mthuli Ncube issued an SI that banned the use of foreign currency as legal tender in the country, "The Zimbabwe dollar shall, with effect from 24th June 2019 … be the sole legal tender in Zimbabwe in all transactions," read the SI. "The British pound, United States Dollar, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe." It added. .
  2. https://www.aljazeera.com/news/2019/08/iraqis-call-compensation-weapons-depot-blast-190814182937226.html.....
  3. https://www.google.com/amp/s/www.aljazeera.com/amp/news/2019/08/explosion-rocks-arms-depot-north-iraq-baghdad-190820171200992.html
  4. Thank You Navari . I wanted those interested to see how your post from a few days ago aligned with this article
  5. Navari.........Bring your math on the rial over here please . Thank You in advance.....According to the bill, the Iranian currency is changed to USD and each USD is equal to 4 rials current and is equal to one hundred rupees.
  6. The bill "Reforming the country's Monetary and Banking Law" was sent to parliament The bill "Reforming the country's Monetary and Banking Law" was sent to parliament to remove four zeros of the national currency and change the national currency. Implementation of a monetary system reform plan in the form of the elimination of four zeros of the national currency and a review of banknotes and coins will increase the role of the instrument in the country's payment systems, according to Mehr News Agency . In this regard, Hassan Rouhani sent the legislative reform bill to the parliament, which was approved by the central bank at a meeting of the cabinet on August 6, at the recommendation of the central bank. According to the bill, the Iranian currency is changed to USD and each USD is equal to 4 rials current and is equal to one hundred rupees. The Central Bank of the Islamic Republic of Iran shall calculate and determine the equity of the foreign currency to the Tuman and the foreign exchange rate in the framework of the prevailing foreign exchange system and with due regard to the country's foreign exchange reserves and obligations to the International Monetary Fund. The period of parallel circulation and the simultaneous validity of "Toman" and "Rial" referred to in this Law as the "Transferor" shall be a maximum of two years. The procedure for collecting and withdrawing banknotes and coins shall be determined or enforced in accordance with the country's monetary and banking law, as the case may be. Upon expiry of the period, obligations previously established in Rials currency can only be fulfilled in USD.
  7. I get that Iran's currency is Sanctioned . How does this affect the United States Dollar or any other World Currency when this goes into affect ? What will this action Do ? Is this one of the responses Rouhani spoke of when they spoke of retaliation ? What will it cause ? GN DV's
  8. I see struggle everywhere . The fight to control Iraq , steal their wealth and slow down there progress to being its own sovereign country. Iran and Bad Guys are losing now . Less bombing . More banking reforms limiting corruption , Laws like the Financial Management Law being passed , Purchasing Power being promised , Crippling sanctions against Iran , Investment pouring in , Wealth being return from the thieves that stole it . Corruption files coming forward .Crooked politicians being arrested . The Future Of Iraq is brighter than it was in the past . The Citizens of Iraq and us included will all do very well .
  9. Thank You Yota . I cant see MOU's being signed without The United States having major influence . Iran might have given up alot to have an agreement with Iraq ? We shall see .Trump has put tremendous pressure in all directions on Iran . They have no choice but to bargain and accept terms
  10. The bank, one of the country's largest financial institutions, warned investors of the US authorities' intention to float the dollar. Trump will make the decision, under the slogan of stabilizing the economy.........What caught my attention is what will take place that might upset the stability of the economy ?
  11. GA Synopsis . Thanks for your analysis. I agree completely. Hope your having a good weekend.
  12. https://www.bloomberg.com/news/articles/2019-08-14/indonesia-s-trillion-dollar-economy-set-to-get-a-fiscal-reboot.... Indonesia’s Trillion-Dollar Economy Is About to Get a Reboot By Karlis Salna and Viriya Singgih August 14, 2019, 4:00 PM CDT Government spending seen at record as economy needs stimulus Budget spotlight likely on infrastructure, labor reform, tax Joko Widodo Photographer: Dimas Ardian/Bloomberg LISTEN TO ARTICLE 4:36 SHARE THIS ARTICLE Share Tweet Post Email In this article 8604 NOMURA HOLDINGS 383.00 JPY +18.00+4.93% STAN STANDARD CHARTER 612.40 GBp +10.00+1.66% Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Indonesian President Joko Widodo is set to unveil measures to lift Southeast Asia’s largest economy from the stagnation that’s marked his first term, amid rising risks from a global slowdown and escalating trade war. Jokowi, as Widodo is known, is set to lift government spending to a record in the 2020 budget due Friday, and is expected to set a higher target for economic growth. The president, who will begin a second five-year term in October, may also project a lower fiscal deficit target, while expanding the infrastructure drive that underpinned his first term. With growth slowing to a two-year low last quarter, Jokowi will need to balance the need to stimulate the economy in the short term while pursuing longer-term reforms that can boost manufacturing and exports, creating jobs in a country of more than 260 million people. The president may announce steps to overhaul labor laws, address the labor force’s skills gapand shore up tax collection needed to fund welfare programs. Growing Pains Indonesia's GDP growth has been hovering around 5% since 2014 Source: Indonesian Ministry of Finance * GDP growth figures for 2019 to 2020 based on most recent government forecasts “They definitely have to keep in mind the external risks in drafting the budget, but I think Indonesia has plenty of fiscal space to generate growth internally,” said Euben Paracuelles, an economist at Nomura Holdings Inc. in Singapore. “If anything, this could be an opportunity to get legislative support to run a more expansionary fiscal stance in the face of greater external risks.” The president heads into his second term with an increased majority that gives him greater authority over parliament and a mandate to push his agenda. He’s pledged to implement tough reforms to attract foreign investment and unleash the potential of Southeast Asia’s only trillion-dollar economy. Here’s a look at what’s expected in Jokowi’s 2020 budget, to be presented to parliament Friday: Outlook With global demand waning and the U.S-China trade war escalating, Indonesia’s economy may struggle to clear 5% growth, where it’s hovered for several years. Gross domestic product rose 5.05% in the second quarter, its slowest pace in two years and the third quarterly decline in a row. Jokowi is expected to settle for the mid-point of a growth range of 5.2% to 5.5% agreed by the government and parliament. That could still put Indonesia on course for the fastest expansion since 2013. Spending Boost Jokowi has lifted government spending almost 40% since 2014 Source: Badan Pemeriksa Keuangan * Data for 2019 is budget target in trillions of rupiah The budget deficit may be set in a range from 1.52% to 1.75% of gross domestic product, the government has said. That’s narrower than the 2019 estimate of 1.93%, and well below the legal limit of 3%. Labor Reform Indonesia’s labor force is larger than the combined populations of the U.K. and South Africa, but it has a productivity problem. Jokowi is promising sweeping changes, from making it easier to hire and fire workers to increasing funding for vocational training, to make Indonesia more competitive and attract foreign investment. Steps to improve of labor-force quality could help Indonesia boost its economic potential, as the output gap -- the difference between actual and potential output -- has shrunk almost to zero. The president is expected to boost spending on education to lift workers’ skill levels, seen as a crucial step toward achieving economic growth of more than 6%. “The government had repeatedly said its focus will be on human-resource development and social security,” said Dian Ayu Yustina, an economist at PT Bank Danamon in Jakarta. That would likely mean an increase in allocations for the relevant ministries, she said. Infrastructure Nation-building was the key theme of Jokowi’s first term as he rolled out new roads, ports and railways. That’s set to continue with the government drafting ambitious plans for more than $400 billion in projects, from 25 airports to new power plants. The 2020 budget will be about “refining the spending focus toward improving quality,” said Aldian Taloputra, an economist at Standard Chartered Plc in Jakarta. Infrastructure will continue to be a “big-ticket item” as the government proceeds with a raft of projects already on the books, he said. Tax Cuts A plan to lower corporate tax also aims to boost Indonesia’s competitiveness. Jokowi wants to attract more foreign investment and revive the country’s manufacturing sector, which accounted for less than 20% of GDP in the second quarter compared to 26% a decade ago. Lacking A Competitive Edge Indonesia has one of the highest corporate tax rates in Southeast Asia Source: KPMG corporate tax rates table Jokowi said in July he would seek parliamentary support to reduce corporate taxes to 20% or lower. That can help Indonesia compete with regional rivals like Vietnam and Thailand in luring companies seeking to relocate business away from China amid the trade war. With the government having already announced a slew of tax incentives for certain sectors, plans for additional tax benefits for companies makes it clear “stimulus for growth will be key,” Bank Danamon’s Yustina said.
  13. https://www.bloomberg.com/news/articles/2019-08-14/indonesia-s-trillion-dollar-economy-set-to-get-a-fiscal-reboot.... Indonesia’s Trillion-Dollar Economy Is About to Get a Reboot By Karlis Salna and Viriya Singgih August 14, 2019, 4:00 PM CDT Government spending seen at record as economy needs stimulus Budget spotlight likely on infrastructure, labor reform, tax Joko Widodo Photographer: Dimas Ardian/Bloomberg LISTEN TO ARTICLE 4:36 SHARE THIS ARTICLE Share Tweet Post Email In this article 8604 NOMURA HOLDINGS 383.00 JPY +18.00+4.93% STAN STANDARD CHARTER 612.40 GBp +10.00+1.66% Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Indonesian President Joko Widodo is set to unveil measures to lift Southeast Asia’s largest economy from the stagnation that’s marked his first term, amid rising risks from a global slowdown and escalating trade war. Jokowi, as Widodo is known, is set to lift government spending to a record in the 2020 budget due Friday, and is expected to set a higher target for economic growth. The president, who will begin a second five-year term in October, may also project a lower fiscal deficit target, while expanding the infrastructure drive that underpinned his first term. With growth slowing to a two-year low last quarter, Jokowi will need to balance the need to stimulate the economy in the short term while pursuing longer-term reforms that can boost manufacturing and exports, creating jobs in a country of more than 260 million people. The president may announce steps to overhaul labor laws, address the labor force’s skills gapand shore up tax collection needed to fund welfare programs. Growing Pains Indonesia's GDP growth has been hovering around 5% since 2014 Source: Indonesian Ministry of Finance * GDP growth figures for 2019 to 2020 based on most recent government forecasts “They definitely have to keep in mind the external risks in drafting the budget, but I think Indonesia has plenty of fiscal space to generate growth internally,” said Euben Paracuelles, an economist at Nomura Holdings Inc. in Singapore. “If anything, this could be an opportunity to get legislative support to run a more expansionary fiscal stance in the face of greater external risks.” The president heads into his second term with an increased majority that gives him greater authority over parliament and a mandate to push his agenda. He’s pledged to implement tough reforms to attract foreign investment and unleash the potential of Southeast Asia’s only trillion-dollar economy. Here’s a look at what’s expected in Jokowi’s 2020 budget, to be presented to parliament Friday: Outlook With global demand waning and the U.S-China trade war escalating, Indonesia’s economy may struggle to clear 5% growth, where it’s hovered for several years. Gross domestic product rose 5.05% in the second quarter, its slowest pace in two years and the third quarterly decline in a row. Jokowi is expected to settle for the mid-point of a growth range of 5.2% to 5.5% agreed by the government and parliament. That could still put Indonesia on course for the fastest expansion since 2013. Spending Boost Jokowi has lifted government spending almost 40% since 2014 Source: Badan Pemeriksa Keuangan * Data for 2019 is budget target in trillions of rupiah The budget deficit may be set in a range from 1.52% to 1.75% of gross domestic product, the government has said. That’s narrower than the 2019 estimate of 1.93%, and well below the legal limit of 3%. Labor Reform Indonesia’s labor force is larger than the combined populations of the U.K. and South Africa, but it has a productivity problem. Jokowi is promising sweeping changes, from making it easier to hire and fire workers to increasing funding for vocational training, to make Indonesia more competitive and attract foreign investment. Steps to improve of labor-force quality could help Indonesia boost its economic potential, as the output gap -- the difference between actual and potential output -- has shrunk almost to zero. The president is expected to boost spending on education to lift workers’ skill levels, seen as a crucial step toward achieving economic growth of more than 6%. “The government had repeatedly said its focus will be on human-resource development and social security,” said Dian Ayu Yustina, an economist at PT Bank Danamon in Jakarta. That would likely mean an increase in allocations for the relevant ministries, she said. Infrastructure Nation-building was the key theme of Jokowi’s first term as he rolled out new roads, ports and railways. That’s set to continue with the government drafting ambitious plans for more than $400 billion in projects, from 25 airports to new power plants. The 2020 budget will be about “refining the spending focus toward improving quality,” said Aldian Taloputra, an economist at Standard Chartered Plc in Jakarta. Infrastructure will continue to be a “big-ticket item” as the government proceeds with a raft of projects already on the books, he said. Tax Cuts A plan to lower corporate tax also aims to boost Indonesia’s competitiveness. Jokowi wants to attract more foreign investment and revive the country’s manufacturing sector, which accounted for less than 20% of GDP in the second quarter compared to 26% a decade ago. Lacking A Competitive Edge Indonesia has one of the highest corporate tax rates in Southeast Asia Source: KPMG corporate tax rates table Jokowi said in July he would seek parliamentary support to reduce corporate taxes to 20% or lower. That can help Indonesia compete with regional rivals like Vietnam and Thailand in luring companies seeking to relocate business away from China amid the trade war. With the government having already announced a slew of tax incentives for certain sectors, plans for additional tax benefits for companies makes it clear “stimulus for growth will be key,” Bank Danamon’s Yustina said.
  14. https://wkzo.com/news/articles/2019/aug/16/indonesia-president-proposes-178-billion-budget-for-2020-targets-53-gdp-growth/928135/?refer-section=national..... Indonesia president proposes $178 billion budget for 2020 with focus on education Friday, August 16, 2019 3:49 a.m. EDT Indonesia's President Joko Widodo and Vice President Jusuf Kalla depart after the president's address ahead of Independence Day at the parli By Maikel Jefriando and Tabita Diela JAKARTA (Reuters) - Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spending on human resources, which was central in his re-election campaign. The 2020 budget proposals set a target of 5.3% growth in gross domestic product (GDP), the same as this year's, although officials have often said 2019 growth would probably range from 5.1% to 5.2%. The proposed budget is 3% bigger than 2019's plans, but about 8% larger than the latest government estimate of what Jakarta will actually spend this year. It will fund the president's programs in the first year of his second five-year term, which officially begins in October. "The 2020 state budget policy is designed to be expansive, but to remain targeted and measured," Widodo told parliament. To fund his budget, Widodo proposed to set a target of 2,221.5 trillion rupiah of state revenue. That brings the fiscal deficit in his budget proposals to 1.76% of GDP, which he said gave room to anticipate global uncertainties. Juniman, chief economist of Maybank Indonesia, said Widodo's GDP growth assumption, which is used as the basis of the government's tax revenue target, is unattainable. "I'm pessimistic the 5.3% growth can be achieved. Given the gloomy global condition and its slowdown trend this year and next, it will be hard for any emerging market to grow faster than this year," said Juniman, who uses one name, like many Indonesians. He gave a 5% growth outlook for 2019 and 2020. Though the president's GDP growth target was "slightly optimistic", the tax target was "cautiously realistic", said Bank Danamon economist Wisnu Wardana. While Widodo promised to keep building infrastructure in 2020, the budget's main theme was improving human resources, with the president pledging to "answer to our demographic challenges". Earlier on Friday, Widodo told parliament raising the quality of the labor market in his second term was key to reaping the benefit of a demographic dividend - a time when the number of people of working age exceeds those of non-working-age. The government proposed to spend 505.8 trillion rupiah ($35.51 billion) for education in 2020, up 30% from 2015, to improve basic education as well as provide financing for 818,000 students to go to universities, Widodo said. It would also use the budget to provide training for what Widodo called "emerging skills", such as coding, data analytics, graphic design and even training to become a coffee barista. The budget proposals also assumed an inflation rate of 3.1%, a yearly average rupiah exchange rate of 14,400 to the dollar, a 5.4% average rate for 3-month treasury bills and an average crude oil price of $65 a barrel, Widodo said. Parliament typically takes until October to approve the government's budget proposals.
  15. https://coinpedia.org/news/rupiah-token-idrtb-stablecoin-binance-chain/... Rupiah Token Issued IDRTB Stablecoin on Binance Chain Qadir AK 6 hours ago 1 minute read Rupiah Token, on the event of Indonesian 74th Independence Day, announced IDRTB to be introduced on Binance Chain. With this, IDRTB will be the first ever non-USD Asian Currency to be listed on Binance Chain. In addition, they plan to introduce IDRTB as a currency exchange pair on Binance DEX. After the launch of IDRT – first Rupiah based stablecoin in beginning of August, 2019 this news has Asian Cryptocurrency market excited. IDRTB Purchase / Redemption will be open to the public by the end of the month. IDRTB is built on Etherum blockchain and follows ERC-20 token standards making it compatible with the existing Etherum based wallets, global transactions, etc. IDRT inherits the speed, security, transparency, and other desirable characteristics of the Ethereum Blockchain. IDRTB is Binance version of IDRT. 1 IDRTB is equivalent to 1 Rupiah (Indonesia’s Fiat Currency). For each IDRTB minted, 1 Rupiah is being stored into a bank account. If IDRTB is redeemed, the equivalent Rupiah will be burned Birth of IDRTB – This addition will be beneficial for Indonesian Traders as they will trade in their native currency and exchange rates won’t affect the economy. At present, USDSB is the USD -based stablecoin listed on Binance DEX. In the future, with enough votes, IDRTB may get traded against USDSB. This will cause a great peak in the Indonesian economy. Cryptocurrencies like Blockchain and Ethereum are volatile due to their price changes. To overcome this volatility, a stablecoin was introduced IDRT which has ratio 1:1 to Rupiah. IDRTB, being the blockchain version of IDRT functions in a similar fashion. Swapping of IDRT and IDRTB will be made possible on the official website of rupiah token by the end of September, 2019. IDRT and IDRTB are still in plans of partnering with other exchanges. In the future, we may be able to trade cryptocurrencies with IDRTB. Isn’t this exciting? Let us know your views.
  16. http://www.almadarnews.org/index.php?page=article&id=59409.... US bank: Trump may devalue the dollar further 25-06-2019 06:47 PM Number of Views: 133 Orbit Agency - Baghdad The value of the US dollar has fallen, to its lowest level since August last year, relative to the Russian ruble. Bank of America says this is not the final limit, because US President Donald Trump may decide to devalue the US currency. The bank, one of the country's largest financial institutions, warned investors of the US authorities' intention to float the dollar. Trump will make the decision, under the slogan of stabilizing the economy. "If the Fed's move to cut rates seems to be insufficient, the likelihood of formal intervention in the monetary issue will increase," said Michael Meir, an economist at Bank of America and a currency strategist at Ben Randall. In 2018, the US economy grew by 2.9 percent, but by the end of the year, it slowed significantly. According to IMF forecasts, US GDP growth will decline over the next two years. Experts say the possibility of a recession by 2021, due to the existence of a huge government debt, exceeding $ 22 trillion, and a budget deficit of $ 1 trillion, resulting from a sharp increase in the costs of servicing this debt, as well as a sharp worsening of the trade war with China. These experts predict that a 'soft' recession may occur in 2020, despite the expected rate cut. Experts point out that Trump publicly and explicitly abandoned the policy of 'strong dollar', which his predecessors stuck in power. Trump believes that the 'strong dollar' is hindering the export of US goods and services, and only exacerbates the trade deficit: in 2018, this index reached an unprecedented number - $ 621 billion. If the dollar becomes cheaper, foreign consumers would prefer to buy American goods, increasing production and reducing the foreign trade deficit. Last week, Trump strongly attacked ECB President Mario Draghi, accusing him of deliberately depreciating the euro against the dollar. Trump has consistently insisted that China deliberately devalues its currency - the yuan, making exports cheaper and increasing trade imbalances with the United States. But experts fear that Trump's continued "weak dollar" policy could undermine US economic growth
  17. https://coinpedia.org/news/rupiah-token-idrtb-stablecoin-binance-chain/... Rupiah Token Issued IDRTB Stablecoin on Binance Chain Qadir AK 6 hours ago 1 minute read Rupiah Token, on the event of Indonesian 74th Independence Day, announced IDRTB to be introduced on Binance Chain. With this, IDRTB will be the first ever non-USD Asian Currency to be listed on Binance Chain. In addition, they plan to introduce IDRTB as a currency exchange pair on Binance DEX. After the launch of IDRT – first Rupiah based stablecoin in beginning of August, 2019 this news has Asian Cryptocurrency market excited. IDRTB Purchase / Redemption will be open to the public by the end of the month. IDRTB is built on Etherum blockchain and follows ERC-20 token standards making it compatible with the existing Etherum based wallets, global transactions, etc. IDRT inherits the speed, security, transparency, and other desirable characteristics of the Ethereum Blockchain. IDRTB is Binance version of IDRT. 1 IDRTB is equivalent to 1 Rupiah (Indonesia’s Fiat Currency). For each IDRTB minted, 1 Rupiah is being stored into a bank account. If IDRTB is redeemed, the equivalent Rupiah will be burned Birth of IDRTB – This addition will be beneficial for Indonesian Traders as they will trade in their native currency and exchange rates won’t affect the economy. At present, USDSB is the USD -based stablecoin listed on Binance DEX. In the future, with enough votes, IDRTB may get traded against USDSB. This will cause a great peak in the Indonesian economy. Cryptocurrencies like Blockchain and Ethereum are volatile due to their price changes. To overcome this volatility, a stablecoin was introduced IDRT which has ratio 1:1 to Rupiah. IDRTB, being the blockchain version of IDRT functions in a similar fashion. Swapping of IDRT and IDRTB will be made possible on the official website of rupiah token by the end of September, 2019. IDRT and IDRTB are still in plans of partnering with other exchanges. In the future, we may be able to trade cryptocurrencies with IDRTB. Isn’t this exciting? Let us know your views.
  18. GE DV's. Years ago was it speculated to see border securing or closures with a possible air space ban when close to a monetary charge event ?
  19. https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2019/08/13/crypto-markets-braced-as-chinas-long-awaited-bitcoin-rival-almost-here/amp/..... 15,818 views|Aug 13, 2019,2:58 am Crypto Markets Braced As China's Long-Awaited Bitcoin Rival 'Almost' Here....https://www.google.com/amp/s/www.tasnimnews.com/en/news/2019/07/31/2066057/iran-to-remove-4-zeros-from-currency/amp...Iran to Remove 4 Zeros from Currency..... UPDATE 3-Zimbabwe ends decade of dollarisation in new currency reform....HARARE, June 24 (Reuters) - Zimbabwe made its interim currency the country's sole legal tender on Monday, ending a decade of dollarisation and taking a another step towards relaunching the Zimbabwean dollar.....these are a few Nelson Banya...
  20. There are several countries that have recently announced news about their local currency changes within their country in the near future . Whether they produce a return has yet to be seen . What is important . They are speaking and acting much more about their coming currency changes and new agreements with other countries . That is Significant news at this point . It should not be overlooked by only what we seek or do not seek .Which is a return on our investment .
  21. Why All the Misdirection ? Iran Central bank to remove 3 Zeros ....Or..4 Zeros ? Its difficult to not think They Are Hiding Something...
  22. Good Evening DV's .......................So Much Good News Being Revealed . Far Greater Than Our Disagreements . With That In Mind ? How About We All ............Let ..............It .........Go...............................
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