GOLDILOCKS
ERBIL — The Iraqi Minister of Finance, Taif Sami, has met with a delegation from the World Bank, headed by the Regional Director for the Middle East, Jean-Christophe Carret, to discuss cooperation in economic and social development.
The meeting addressed the World Bank’s support for transport, railway, and infrastructure projects related to Iraq’s strategic Development Road project, which aims to link Iraq with the European continent through Turkey, according to a statement released by the Iraqi Finance Ministry.
The statement also noted that the discussion included financing programs for Iraq’s Social Fund for Development. These projects aim to improve the quality of services provided to Iraqi citizens, promote economic growth, and create new job opportunities.
These initiatives are designed to support small and medium-sized businesses, reduce unemployment and poverty rates, and expand Iraq's road and transportation network.
Both parties expressed hope that successful cooperation agreements could be reached to help Iraq achieve sustainable growth.
https://www.basnews.com/en/babat/856155
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The Shanghai Exchange Corporation and Russia are working on a BRICS payment system.
This new International Digital Payment System is expected to be discussed at the BRICS summit on October 22nd through the 24th of 2024. ;
After discussions during the summit, Russia in cooperation with a Shanghai Exchange Corporation will begin the implementation process of moving the trading world into a new payment system. Remember, this is over 80% of trade that takes place around the world on the water, and it has the power to influence exchange rates.
Many countries are already beginning to join the BRICS Nations as trading partners utilizing a gold standard in trade to level the playing field. Other countries will be added as we go along.
This is expected to change the Global Financial system in a profound way especially in the area of currency valuations being traded locally instead of through the dollar as the World Reserve Asset.
From that point on, we can expect changes to begin processing themselves AS the BRICS Nations begin to mobilize their new payment system.
I am not calling an RV date at that time, but I will say that price pressures on new currencies being utilized on the market will begin to show signs of new movement.
Watch the water.
© Goldilocks
https://tass.com/economy/1824025#amp_tf=From%20%251%24s&aoh=17228107385705&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Ftass.com%2Feconomy%2F1824025
https://unitingtocombatntds.org/en/get-involved/events/brics-summit-2024/
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