Saturday, October 21, 2023
"MOVING FORWARD WITH DIGITIZATION OF TRADE" BY GOLDILOCKS, 21 OCT
Here we go.
We talked of the next steps about a week ago in this room. How the war between Israel and Hamas would affect the supply chains of those who support these countries.
Maria Fernanda Garza shared in a recent interview said that our "Global value chain" has already been hit by the Ukrainian war and COVID-19. And now, we are dealing with another war in Israel
She suggested moving forward with the digitization of trade. This would minimize many of the destructive money flows being used to go to war efforts through efficiency and the movement of money quicker, so that, imports and exports to these countries can run much smoother.
The effects of War create value changes inside of an economy, and this includes the currencies many of these countries use to keep their country sustainable.Many of the values on these currencies are already not sustainable as many countries have moved to trade in localized currencies.
The Global community currently has turned their attention toward movement into virtual currency trades inside our shipping ports. It will help accelerate the next economy as well.
Watch the water.
© Goldilocks
TheFinancialExpress Link
Source: Iraqi delegation will withdraw from Cairo Peace Conference If Israel participates, 21 OCT
Source: Iraqi delegation will withdraw from Cairo Peace Conference If Israel participates, 21 OCT
Shafaq News/ An Iraqi government source revealed on Saturday that the Iraqi delegation, led by Prime Minister Mohammad Shia al-Sudani, would immediately withdraw from the Cairo Peace Conference if any representative of Israel is present.
The source revealed that Prime Minister Al-Sudani received assurance from the Egyptian side that there would be no Israeli representation at the conference before confirming Iraq's participation.
Al-Sudani arrived in Cairo to attend the conference, invited by Egyptian President Abdel Fattah El-Sisi. The presence of an Israeli delegation has sparked controversy, leading Tunisia and Algeria to boycott the summit, according to reports from Tunisian Radio Mosaique and Algerian newspaper Al-Shorouk.
CBI Governor highlights significance of exchange rate stability in Iraq, 21 OCT
CBI Governor highlights significance of exchange rate stability in Iraq, 21 OCT
Shafaq News / The Central Bank (CBI) Governor, Ali Al-Alaq, considered the exchange rate stability of the Iraqi Dinar against the Dollar as a "significant process" that necessitates changes in the Iraqi trade system and financial transactions outside the country. He made these remarks during his speech at the inaugural Annual Banking Conference in Erbil, held under the theme of "The Banking Sector: Opportunities for Advancement and the Future of International Companies."
Al-Alaq stated in his address, "It is essential to solidify the principles outlined in the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2018 and implement international practices and standards to safeguard the financial system's integrity from risks, both on local and international fronts, ensuring transparency and the safety of financial operations."
Furthermore, he emphasized, "We reiterate that these principles are the ones that preserve the financial system's integrity and protect Iraq from serious risks, particularly concerning the relationship between applying these rules and standards and foreign exchange operations and the sale of the Dollar in various forms."
Al-Alaq continued, "There is a close connection between enforcing these standards and the smoothness of transfer operations and maintaining exchange rate stability. To the extent of this commitment, we can determine monetary stability and exchange rate stability. This is a significant process that requires a multitude of changes and the restructuring of the Iraqi trade system, the foreign transfer system, and everything associated with it."
He pointed out that CBI is "engaging in this process with daily details until we reach the correct and proper path, opening new avenues every day to facilitate and expedite this process."
"RV UPDATE" BY FRANK26, 21 OCT
Frank26 (KTFA)
Article:
“Thwarting the smuggling of $400,000 out of the country of Baghdad Airport”
Corruption…smuggling…that’s what it’s all about. That’s the #1 issue. That’s how you’re gonna get what you want...This was a huge massive corruption cleanup for the new exchange rate to come out with security and stability. It’s that simple. This is not rocket science. This is not complicated…There’s only one thing happening right now. Sudani is cleaning the floor of the CBI from the corruption of these horrible people…
FIREFLY: Alaq is on TV. He says it’s simple – The dollar exchange is high due to the black market. Period. End of discussion. However he says the end of the black market will be seen and there’s no truth to Iraq printing a new currency.
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...