Friday, June 28, 2024

"ABOUT THE NEW BANKING MECHANISM & THE NEW EXCHANGE RATE FOR THE IQD" BY GOLDILOCKS, 28 JUNE

 GOLDILOCKS

"Cancellation of Paragraph ( 5 / d ) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms."


A banknote counter is a device designed to accurately count and check on the quantity of banknotes. A counter has several sensors on it to accurately analyze the banknote. 


 A banknote counter also has the ability to sort banknotes into batches, check for damaged, and counterfeit notes. 


Iraq is beginning to utilize more strict methods of counting and securing their money. It will give their community and broader community more confidence in the Dinar.


This will give Iraq more accurate measurements of the money supply, and it will give them the opportunity to enforce laws surrounding the punishment of illegal production of the Iraqi Dinar.


As Iraq approaches a new exchange rate for the Iraqi dinar, these new banking mechanisms will give them the opportunity to reset the direction of how their money is being used locally and abroad. 


Don't be surprised if other currencies are done the same way when we go to exchange them. Part of a reset on currency valuations is dependent on accurate information to do so.


© Goldilocks 


https://www.hyundaimib.com/tech-guide/


https://cbi.iq/news/view/2608

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