"RV UPDATE" BY GOLDILOCKS, 18 JAN

GOLDILOCKS

"The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World Economic Forum in Davos, Allaire expressed optimism about an impending approval of a stablecoin bill, citing the ongoing global momentum in digital currency regulations."

Circle, the Digital Network Company backing the stablecoin USD Coin, recently filed a confidential S-1 registration with the U.S. Securities and Exchange Commission. This registration process is a requirement in order to offer a new introductory product offering on the market. It tells us that their intentions are to go public inside the new Digital Asset-Based Trading System.

So now, we have the beginning stages of tokenized assets (spot Bitcoin ETF) beginning to populate on the markets and soon a digital dollar to process these transactions.

Each step of the way puts us closer to our goals. The USDC coin was tested all year long in 2023 to see if it would be able to hold its value. With algorithmic and gold-backed asset support, it was able to stay within a stable range of value compared to other stablecoins.

© Goldilocks
https://coinpedia.org/news/circle-ceo-expects-u-s-stablecoin-regulations-in-2024/

"ANALYSIS OF IRAQ NEWS" BY CLARE, 18 JAN

 Clare

  WORLD ECONOMIC FORUM ANNUAL MEETING

ACHIEVING SECURITY AND COOPERATION IN A FRACTURED WORLD

A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq

January 18, 2024 10:30–11:00 CET

A conversation with Mohammed Shyaa Al Sudani, Prime Minister of Iraq
Simultaneous interpretation in English and Arabic>

Centre for Regions, Trade and Geopolitics

The Forum's Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in decades.

Explore more

Public Speakers

Mohammed Shyaa Al Sudani

Prime Minister of Iraq, Office of the Prime Minister of Iraq

John Harris-  Founding Editor, Politico

https://www.weforum.org/events.....r-of-iraq/

Clare:  International Finance Corporation: We want to expand our business in Iraq as an investment region

1/17/2024  Baghdad

The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”

The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."

Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”

For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it.   LINK

Breaking News Iraq Prime Minister Al Sudani's Historic Visit to Davos fo...

Sudani: The importance of World Bank reports realistically reflecting the policies of the new government, 18 JAN

Sudani: The importance of World Bank reports realistically reflecting the policies of the new government

 Prime Minister Mohammed Shia Al-Sudani, on the sidelines of his participation in the Davos Economic Forum, met with the President of the World Bank Group {Ajay Banga}.

The meeting discussed, according to a statement from the Prime Minister’s Office, a copy of which received “the relations of cooperation between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq.”

He added, “The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform, and projects funded by the International Finance Corporation (IFC) were also discussed, foremost of which is the project to rehabilitate and develop Baghdad International Airport.”

The Prime Minister stressed “the importance of the World Bank’s reports realistically reflecting the policies of the new government implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth and achieve financial stability, in light of the challenges faced by the region and the world.”

For his part, Panga praised the government’s measures in the field of modernizing and developing the banking sector, stressing his support for these measures, especially with regard to the implementation of the electronic payment system.

https://alforatnews.iq/news/السوداني%C2%A0-%C2%A0أهمية-أن-تعكس-تقارير-البنك-الدولي-بشكل-واقعي%C2%A0سياسات-الحكومة-الجديدة

Evening News with MarkZ. 01/18/2024

"RV UPDATE" BY MARKZ & MILITIAMAN, 18 JAN

 MarkZ & Militia Man 

 [via PDK] 

  Article: “Iraq recalls ambassador from Iran after missile strikes-Ministry” 

MarkZ: This is concerning while we watch what is going on in the middle east. There were missile strikes launched from Iran to the Kurdish region of Iraq.

  Question:  Do you think the attacks on our embassy…in Erbil, Kurdistan will hinder/delay the RV? 

  MarkZ:  To me this doesn’t change what’s going on economically…and if anything may put the pressure on to move things faster. 

 Militia Man:  Iran is in a pinch…their cash cow is going away.  Stopping the graft at the Iraq border will stop their ability to do the money laundering and smuggling through customs. So, imo this attack is blow back…

"RV UPDATE" BY MARKZ & MILITIAMAN, 4 JAN

  Question:  What happens if they just print new notes and the dinar we hold are not good anymore?  

MarkZ:  That will never be accepted in the international world. You would have to have a closed economy to do that…like N. Korea. You cannot do that to the international world though.  

Militia Man:   We can clearly see the people behind this – the WTO, The IMF, The world Bank…the BIS, the Federal Reserve bank…

The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen. We are talking trillions. 

Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. They are planning big things over the next few months and need an exchange rate to match. Sudani has been moving on steroids to get this done.

"RV UPDATE" BY NADER FROM MID EAST, 18 JAN

 Nader From The Mid East 

 The export of oil is going to go up. Tourism...go back to normal.  A lot of things will go back.  But nobody know that.  I see a lot of negative things.  Everybody is talking bullshit.  They are going to have to revalue it [the dinar]....

We told you we're going to switch from dollars to dinar and that happened...They talked about it yesterday and I'm really excited about it.  Today they're talking about again about the market and how it's excellent...It's going up slowly.  Listen, it's a lot of steps to do.  They're working on it.  Everyday it's a new step and that's really good.  I'm excited about it.  I hope everybody getting excited.  Don't get too excited though.  Keep grounded.

 It's going to be $3.50 to 1 and it's going to play about Forex between $3.50 and $4.50.  It's true what I tell you. I'm not playing around.

 Many people sending me things, things about 2026.  I don't think they're going to wait till 2026.  I don't think whoever explained you this, he read it wrong...If it start to float it's going to go quick.  We just need to float it...If they did like they said and took off the dollar from the market, from the streets, things going to go quick...I agree with them that it's going to go up gradually but it's not going to take two or three years to reach 1 to 1...

 Question:  "Is the rate and the [lower] currency gonna come out together?"   I think yes.  This is why I think yes.  First, because they cannot change an exchange rate with a big numbers [rate] and Second, they cannot change a [lower] currency with the small exchange rate...If you change, you've gotta change both.  If you take the 3-zeros from the currency, you're gonna have to take the 3-zeros out of the exchange rate in the same time.    That's what I think.

Happy New Year, best wishes and all that stuff...A lot of people are sending me messages going like do you see any changes?  ...I don't know why you're asking me that. What you guys heard?  Who told you anything?  Some people wrote me tonight at midnight the currency will be launched.  Some people said their new rate will come out tonight at midnight ...I didn't see anything like that.   They didn't say they're going to change the rate tonight.  They didn't say they're coming out with currency tonight... They'll never tell you they're coming out with it...I'm not expecting anything tonight...

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-nader-from-mid-east-3-jan.html