Saturday, November 4, 2023

"RV UPDATE" BY MILITIAMAN, 4 NOV

 Militia Man  

 Things are happening on the banking side... Article Quote: "Visa Direct tool...simple transfers for the citizens. The tool facilitates the demand for foreign currencies.Not just the dinar, Not just the dollar...They're talking about 160 currencies.  That's what they said.  It's not my words...That's a lot.  That's phenomenal.  That means what?  Iraq is going international with up to 160 currencies...

There's a little bit of turmoil going on with Kuwait...when it comes to demarcations ...Maritime borders are sovereign right too but the most important one is the 'unspoken Chapter VII'.  I believe the unspoken one is because of their currency exchange rate...Chapter VII has to do with the UN and until they are released and allowed to go Article VIII compliant with the IMF...ascend to the World Trade Organization...be able to have a valuation for their oil and gas law...That's what's in play right now...They are going to need an internationally accepted exchange rate.. .

Article quote: "Visa Direct...where money transfer services are aimed at transformation global money movementsbetween Iraq and the rest of the world."  That's talking about what we expect - an international exchange rate to facilitate international trade.  Without an international acceptable currency it's not going to happen in my view.  

No comments:

Post a Comment

Al-Sudani visits London in the middle of next month to discuss bilateral relations and attract British investments, 23 DEC

Al-Sudani visits London in the middle of next month to discuss bilateral relations and attract British investments 12/22/2024  Baghdad - Eco...