"QFS CONVERSATIONS" WITH GOLDILOCKS, 16 MAY

 GOLDILOCKS

"Iraq's central bank, the Central Bank of Iraq (CBI), has been buying gold since 2022 to diversify its foreign assets."

Every time Iraq buys more gold. They are adding more value to the net worth of their currency. 

"When gold is set free, so are we."

© Goldilocks

https://www.iraqinews.com/iraq/iraq-maintains-its-30th-rank-with-the-largest-gold-reserves/#:~:text=Baghdad%20(IraqiNews.com)%20%E2%80%93,rest%20of%20its%20other%20reserves .

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"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."

Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now. 

Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.

Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.

Since banks are privately owned for profit institutions, this makes our foreign currency exchange with them a private exchange. 

Jester and Freedom Fighter do a "Saturday Night Live" call each week to explain the importance of getting to know your "Relationship Managers" whom will participate in your exchange at some level, and they will continue to participate in your banking success through periodic reviews of your account.

Each week, Freedom Fighter and Jester have live conversations with people who are going out to establish banking relationships that will guide them in the exchange process, and they come back to tell people what they found. 

You do not want to miss these calls. 

© Goldilocks 

https://www.sec.gov/Archives/edgar/data/1433270/000110465916164292/a16-23910_1ex4d3.htm

https://cbi.iq/news/view/2491

https://content.next.westlaw.com/practical-law/document/Ibb0a1060ef0511e28578f7ccc38dcbee/The-Mechanics-of-A-B-Exchange-Offers?viewType=FullText&transitionType=Default&contextData=(sc.Default)

https://portal.ct.gov/dob/consumer/consumer-education/abcs-of-banking---banks-and-our-economy#:~:text=While%20public%20policymakers%20have%20long,bank's%20ultimate%20buffer%20against%20losses.

https://wise.com/us/blog/us-foreign-currency-account#:~:text=Standard%20US%20bank%20accounts%2C%20like,can%20hold%20foreign%20currencies%2C%20too.

https://www.investopedia.com/terms/c/capitalmarkets.asp#:~:text=The%20term%20capital%20market%20is,foreign%20exchange%20(forex)%20markets.