GOLDILOCKS
Announcement: US Treasury Bills to XRP Ledger
OpenEden introduces the tokenization of US Treasury Bills (T-bills) to the XRP Ledger (XRPL).
A Treasury bill (T-bill) is a short-term debt obligation backed by the U.S. Department of the Treasury with a one-year maturity or less.
OpenEden's TBILL tokens will offer short-term US Treasury Bills and reverse repurchase agreements.
Moody's recently gave an "A" rating to this new venture. At this time, users will be able to mint TBILL tokens using stablecoins. This includes the up and coming Ripple USD.
Ripple has carved out its place in history for sure. It is going to touch every aspect of the new digital economy. The continued expansion of this tokenized asset shows it's organizing power to move the new system in a way no other coin can.
© Goldilocks
https://app.binance.com/uni-qr/cart/11567435896842?l=en&r=527648310&uc=web_square_share_link&us=copylink
In October 2023, the country launched ASYCUDAWorld – a premier customs automation software supported by UN Trade and Development (UNCTAD) to digitalize customs clearance processes, reduce fraud risks and ease cross-border commerce.
The software, in compliance with international standards, aims to replace Iraq’s manual, paper-based customs clearance processes, enabling traders to complete all necessary paperwork online for time and cost savings.
Baghdad International Airport, where ASYCUDAWorld debuted in Iraq, saw customs revenue grow by more than 215% between January and May 2024, compared to the same period a year earlier.
Between January and March, import transactions at the airport were up 120% from the first quarter of 2023, reaching their highest levels in a decade.
The business community also responded effectively to comply with new procedures and regulations. Since October 2023, over 2,800 declarants have submitted around 65,600 declarations to customs through ASYCUDAWorld.
Currently, the software is up and running in Iraq’s nine largest customs offices which combined account for 81% of the nation’s international trade by volume.
https://unctad.org/news/iraq-trade-and-government-revenue-gets-boost-digital-customs
The implementation of a national electronic Single Window for international trade is considered one of the most effective measures to enhance trade facilitation in a country – a view recognised by its inclusion as an obligation under the WTO Trade Facilitation Agreement.
A core element of any national electronic Single Window for international trade is an automated customs system. Any country operating a standards-based automated custom system, such as ASYCUDA, enabling the submission of electronic customs declarations, is well placed to start the process of developing an electronic Single Window for trade.
The purpose of this roadmap is to help countries that already use ASYCUDA software, or other standards-based automated custom systems, to design, build and implement a tailor made electronic Single Window system based on existing capacities. This approach helps countries to leverage their existing investment, and reduce both the time and cost of establishing an electronic Single Window.
https://unctad.org/publication/roadmap-building-trade-single-window
The two articles above give you an indication of what Iraq has been going through these past couple of years in integrating the new electronic system in their trading ports.
These requirements will allow them to join the World Trade Organization and qualify for trade on the international level and new exchange rates among other nations using the WTO.
Watch the water.
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Insurance companies such as HDI Global will help Iraq in their Ascension process through the WTO.
It will give them Financial Stability (insurance) which is one of the requirements that it takes upon admission.
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