INSIGHTS FROM GOLDILOCKS
Today, we are going to look at a CBI article from Iraq and one from the IVSC. The CBI article parallels what the US is doing in completing their final steps of the new digital economy.
Both countries, US and Iraq, are expected to complete their Banking Reforms by the end of this year. Iraq goes on to say in their CBI article that they do expect to be finished with their Banking Reforms, but they do not expect a new rate by the end of this year.
Two shifts are expected to happen by the end of this year:
* Iraq is expected to move from the Federal Reserve auditing and monitoring their Banking Protocols to Iraq having a direct relationship between banks around the world.
* Their anti-money laundering law is supposed to protect cross-border trades as well. This will enable Iraq to have more control over their finances going forward.
This will allow Iraq to become part of the process of new standard valuations being placed on their currency through the IVSC.
The International Standards Valuation Committee meets on January 31st, 2025. They are expected to begin the process of incorporatimg new valuation standards and assess their values including the new digital economy that will influence new Financial Instruments Valuation protocols.
Although the International Valuation Standards Council (IVSC) does not determine market values, it does provide standards for valuation that are used globally.
The International Valuation Standards (IVS) are a framework used by valuation professionals around the world to guide the valuation of assets and liabilities. The IVS helps to ensure that valuations are consistent, transparent, and comparable.
This process sets the stage for International Payment Systems to begin the process of determining currency values based upon supply and demand, governmental policies, exchange rate types such as fixed or floating rates, and/or pegging to another currency.
I will continue to monitor Iraq and the United States development of Banking Reforms as they reflect on new Quantum Technologies built to enhance Independence and Sovereignty of all countries around the world.
This is why I share with you information on these new rules and regulations from the Federal Register. I am noticing that what happens on the Federal Register with the new banking regulations taking place in the United States are also taking place in Iraq around about the same time.
© Goldilocks
https://www.ivsc.org/ivs-to-become-freely-available-from-january-2025/
https://cbi.iq/news/view/2664
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