STATUS OF THE RV, PART. 4
Oh, but here is the juicy part we all need to be paying attention to.
Hantoush also suggested the “possibility of transferring the dollar to trading platforms in the stock market, to be sold to those entitled to it through direct transactions instead of sending the dollar exclusively to banks”, “stressing the need to organize these operations by switching to the “Forex” market,” and implementing mechanisms that ensure that funds are not transferred until the goods arrive with the banks’ guarantee.
WOW! WOW! WOW! Did they just suggest using the trading platforms in the stock market i.e FOREX…. You gotta luv it… Music to my ears….
Now let’s take a step back to the White Paper. What does it say? Afterall this is the blueprint of how they are going to get back on FOREX, the end result. Let’s read page 50 of the White Paper below:
Then in the article economic expert Nabil Jabbar Al-Tamimi said: “The transfer platform at the Central Bank of Iraq was a mechanism for conducting financial transfers for merchants and importers through local banks, as the platform supervised these operations.”
He added to Al-Sabah, saying: “The Central Bank has created the necessary conditions for conducting transfers by establishing direct relations between local banks and international banks through major correspondent banks, which means that transfers can be conducted in accordance with international standards without the need for an electronic platform.”
In other words, economic expert Nabil Jabbar Al-Tamimi is saying they are ready for FOREX after implementing all these banking and financial reforms.
The White Paperreforms have been successful. It is time to move to the next stage which is….?
Well folks financial and banking researcher Mustafa Hantoush just pointed out to us what the next stage should be.
Yes, I mean FOREX! Did you hear me I said FOREX!
Seems to me they are at the point of meeting the Obama era requirements and beyond as needed to go to this next stage.
But remember this too, that just as the rules changed from the Bush era to Obama era they will most likely change from Obama era to Trump era in 2025. I do not see the Trump era administration not seeing the necessity for going to FOREX with all the progress of the reforms to move to the next stage. I am sure the US Treasury will agree.
I am told by the CBI contact on Wednesday that they do agree and are giving Iraq a “thumbs up” to move ahead. So they agree too.
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