They're taking the public and the private sector and they're merging them together so they can move this into a full-blown market economy...
rticle: "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms"
Quote: "Thursday...the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms" After decades of involvement...the specificity of many things are likely to be known by the IMF, exchange rate regimes be sure.
For Iraq to be moving forward with all reforms ...in that there is no financing needed should be eye opening for everyone. How does non-financing work with the IQD at 1,310 IQD to 1 USD for to pay for projects and commodities? It has not ever while with an IQD exchange rate of $.0006 or even $.0007 to the dollar. So why would it be any different now? It clearly wouldn't.
The fun part is we are watching history in the making...Saudi Arabia strongly supports Iraq's ascension to the World Trade Organization...They've basically said Iraq has completed everything needed to be done. Everything is just shy of announcing they have WTO ascension.
QFS UPDATE JANUARY 18th 2024 REDEMPTION 2024 Quantum financial system
The QFS is “alive” with consciousness and can identify your DNA and the frequency of your specific activities.
The quantum energy field is filled with super intelligent consciousness.
Since the quantum energy field is in the consciousness of every human being, every human being can contact it.
The quantum energy field knows who you are and what you do. Because you are part of the multidimensional and super intelligent quantum energy field, like all the physical matter of creation.
The QFS can read your mind and know your location at all times through frequency waves. This follows previous discoveries by pioneering physicists Albert Einstein, Nikola Tesla and Max Planck, as well as modern quantum physicists and spiritual sources, who claim that we are all connected at the subatomic quantum level through our unique energy signature, vibration and frequency. As well as our thought energy.
The quantum computing system cannot be hacked or abused. The Dark Cabal loves to steal money digitally. However, hackers are likely to access QFS due to the sophisticated technology.
Dark Cabal has made several hacking attempts and all attempts have failed. In fact, alternative news claims that once the quantum system identifies the location of the hacker’s computer server, the QFS can send a signal to the hacker’s server and destroy it.
It has been reported that any goods, wealth or funds stolen by the Dark Cabal will be returned to every person on the planet through the QFS.
➠ Introduction: The world is on the brink of a financial crisis of unprecedented proportions.
As the clock ticks down to January 23, banks around the world are scrambling to ensure compliance with Basel III standards. This looming deadline is not a common occurrence. It has the potential to reshape the very foundations of the financial system and redefine the global balance of power.
1. Basel III: Critical evaluation. Detailed analysis of Basel III standards Importance of asset-backed funds Consequences of non-compliance
2. The global banking crisis: a time bomb. Severity of the global banking crisis Vulnerabilities of the current financial system. Impact on economies around the world
3. Redefine the world currency: a controversial proposal. Argument for redefining the world currency Possible challenges and benefits Impact on financial stability
4. Take control of the global military alliance. Relationship between finance and military power Proposal to rebuild the military alliance The geopolitical implications of such a measure
5. The path to a new world order. Examining scenarios and possibilities Global leadership and its competitors Possibility of paradigm shift
As the world anxiously awaits January 23, one thing is certain. This means that we are at a historical crossroads.
At stake is the future of the global financial system and, with it, the potential for the emergence of a new world order.
Only time will tell whether this impending crisis will bring about the changes that some of its proponents suggest or simply serve as a wake-up call for the banking industry.
But one thing is certain: the world is watching and the stakes are higher than ever.
Question: "Do you think Iraq will depose current currency once revalued?"
Once they revalue of course they're going to get rid of the currency...the 3-zero notes. They will introduce the lower denominations and the fils to the citizens. But it needs a different exchange rate that would match it to give it value. The exchange rate right now is so low there is no value...
IMO those of you that deal in commodities...you saw 1.68...on the 15th. Today you saw 3.04 on the commodity trades with the Iraqi dinar and you saw it being done in Iraqi dinars, no other foreign currency ..
.based on what we are seeing, they are agreeing to the future rate of the Iraqi dinar in commodities in dinars. These are contracts...to buy or sell a specific quantity of a physical commodity at a specific price on a particular date. Basically what you saw...IMO are Futures.
Sudanese: We Are Proceeding With Financial And Banking Reform Steps
Posted On 01-19-2024 By Sotaliraq 01/18/2024 Prime Minister Muhammad Shiaa Al-Sudani said that Iraq is proceeding with financial and banking reform steps, while the World Bank announced its support for the government’s measures in the field of modernizing and developing the banking sector, especially with regard to implementing the electronic payment system.
On the sidelines of his participation in the Davos Economic Forum, Al-Sudani met with the President of the World Bank Group, Ajay Banga, and discussed with him the cooperation relations 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.
The meeting also witnessed, according to a statement by the Prime Minister’s Office, a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform. The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the project to rehabilitate and develop Baghdad International Airport.
Al-Sudani pointed out “the importance of World Bank reports reflecting, realistically, the new government’s policies that were 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 facing the region and the world.”
For his part, Banga praised the government's measures in the field of modernizing and developing the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system.
The Prime Minister also met in Davos with Khaled Hoballah, the regional CEO of JP Morgan for the Middle East and North Africa.
The meeting witnessed the discussion of prospects for cooperation in the financial fields, and opening accounts for Iraqi banks, as well as the possibility of the bank participating in the government’s efforts to adopt electronic payment applications in the Iraqi markets.
They also discussed coordinating technical efforts between the Central Bank of Iraq and J.P. Morgan in establishing Ideas related to trading central bank digital currencies.
Al-Sudani pointed to “Iraq’s aspiration towards the bank’s cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq,” stressing that “Iraq is proceeding with financial and banking reform steps, in a way that helps develop this vital sector.”
For his part, Hoballah expressed JPMorgan’s readiness to enhance cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector, confirming the bank’s intention, as a first stage, to open accounts for three private Iraqi banks.
The Prime Minister, Muhammad Shiaa Al-Sudani, met in Davos with the Secretary-General of the North Atlantic Treaty Organization (NATO), Jens Stoltenberg, and during the meeting, they discussed the prospects for cooperation between Iraq and the alliance and ways to strengthen the partnership in the security field, exchange information, track terrorist networks, and reveal their sources of funding.
The meeting also touched on the file of ending the presence of the international coalition forces in Iraq, which the government included in its ministerial curriculum, after the development achieved by the Iraqi forces in terms of preparation and full readiness, and the importance of agreeing on executive steps to arrange the end of its mission through bilateral dialogues, ensuring a smooth transition of its duties. .
The Prime Minister appreciated “the efforts of the NATO countries and their support for Iraq, through military operations in the war against ISIS terrorist gangs, and in the field of providing advice and training to the Iraqi security forces.”
Al-Sudani added, “Iraq does not mind cooperating with the countries of the international coalition in the field of armament, training, and equipment, within the framework of bilateral relations that bring together Iraq and the countries of this coalition.” LINK
