Iraq Launches Electronic Cards For Small Merchants To Confront The Dollar Crisis , 25 JAN

 Iraq Launches Electronic Cards For Small Merchants To Confront The Dollar Crisis

January 24, 2024 Last updated: January 24, 2024   Al-Independent/- Yesterday, Tuesday, the Iraqi government issued a new mechanism for issuing electronic cards to small merchants, based on the directives of Prime Minister Muhammad al-Sudani.

This mechanism aims to reduce the demand for cash dollars by real traders, and enhance the role of banks in financial transactions.

The new issuance mechanism includes the following:

    Payment companies submit a request to the Central Bank to obtain approval to create this product and launch the (merchant) card.

    Determining the uses of cards for small merchants in line with the external transfer controls issued by the Central Bank for the year 2023.

    The ceiling for these cards shall not exceed (100) thousand dollars per month, with the possibility of raising the ceiling in the future in light of the results of the actual implementation.

    The cards are used for the purposes of purchasing goods and services from known suppliers under pre-defined whitelists.

    The company bears its duty to apply due diligence and in accordance with basic requirements, the most important of which are the main international ban lists of the United Nations, the Office of Foreign Assets Control and the European Union.

    Small merchants' money is deposited in various Iraqi bank branches in dinars.

Experts believe that this new mechanism will contribute to achieving the desired goals, through:

    Facilitating the external transfer process for small merchants, which will reduce the demand for cash dollars.

    Strengthening the role of banks in financial transactions, thus reducing black market exchange operations.

    Monitoring external transfer operations, which will help in the fight against terrorism and corruption.

This step comes within the framework of the efforts made by the Iraqi government to address the dollar crisis in the country.   https://mustaqila.com/العراق-يطلق-بطاقات-إلكترونية-لصغار-ال/  

"RV UPDATE" BY GOLDILOCKS, 25 JAN

 Goldilocks and Seeds of Wisdom

A Rewiring of the World’s Biggest Bond Market Will Transform Trading

“Securities and Exchange Commission Chair Gary Gensler, who once oversaw federal debt management at the US Treasury, has championed a move to require the vast majority of Treasuries trading to migrate to a central counterparty clearinghouse — an intermediary between buyers and sellers that assumes ultimate responsibility for the transaction.”

This movement of the Bond Market or US Treasuries to a Central Clearing House for Market transactions creates a burden of care upon the dealers to screen their clients more carefully in trading transactions between two parties such as foreign currency trades.

This will create less liquidity taking place in a trade, but the ability to collateralize one’s transactions will secure all parties involved.  It will shift a lot of responsibility toward the Commodities Futures Trading Commission (CFTC) where many of our new tokenized assets going forward will be governed.

This is all part of the new transition of the markets into a new digital economy.

Yahoo Finance

© Goldilocks

Congratulation Iraqi Dinar Investors!!! | Strong construction Projects |...

Coffee with MarkZ. 01/25/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: GM MarkZ Mods and RV Family

Member:  Hoping today is a Golden Thursday 

Member: There are so many reports out there that this morning through tomorrow we should be getting our notifications it’s off the hook. Just praying for an ounce of confirmation to get the ball rolling

Member: Are we stuck in limbo?

MZ: I don’t think we are in limbo. I think we are watching it play out….and we are just frustrated because of the timing. 

MZ: MilitiaMan dropped a fantastic video about clear, solid, progressive developments in the Iraqi economy. Be sure to go listen how they are in the International banking world and will be ascending to the World Trade Organization. 

Member: Let’s get our troops out of Iraq ASAP and get this started

MZ: “Iraqi endless push for timetable for US withdrawal regardless of security situation”  It’s time for them to walk on their own. 

MZ: Also: “Exclusive –US and Iraq to initiate talks to end US Military led coalition”  They are in the process of creating a timetable.  

MZ: Mr. C has not been paid yet. When he does – you will not be able to miss it….

Member: Guess there is no bond news or Group news today. Hopefully they are under NDA’s

MZ: “ Breaking –US banks adopt Ripple’s XRP for International payments”  This started in Europe and expanded to over here. Many large banks around the world use this now to move payments cross borders……Not using the SWIFT system anymore. 

Member:  Mark, are we looking at a particular time of day in the US that this might go through since Iraq is in a different time zone, so is Vietnam etc.? Would it be our early morning?

MZ: We have been told years ago that the most likely time- or easiest time for them to execute this was Saturday night or Sunday night between 11 pm and 3 AM est….It does not have to be then…but I was told that was the easiest time for them technically. 

Member: Mark! Q: if Iraqs rate has gone international, how soon after might we receive our notification?

Member: Is there a chance we're all being played for financial gain by a small elite group at the top? We keep buying currency and nothing happens. Just a thought.

Member: Hang in there and continue to think positive thoughts. 

Member: We are getting closer every day. Thanks for everything Mark and Mods.

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BREAKING NEWS: After the reports from Syria, report on US withdrawal from Iraq as well, 25 JAN

 BREAKING:

After the reports from Syria, report on US withdrawal from Iraq as well The U.S. and Iraq will begin talks regarding the full withdrawal of all American military presence in the country – CNN The Iraqi Foreign Ministry has received 'an important message' from the United States; Iraq says it will take the 'necessary steps and preparations', the content of the message has not been disclosed, Tasnim media reported.

The US is planning to withdraw its forces from Syria - Foreign Policy The US has been under constant attack in Syria for months and American troops are very vulnerable there because, unlike Iraq, the US has no ties with the central government in Syria. “Since brutal attack against Israel on Oct. 7 and the resulting Israeli military campaign in the Gaza Strip, tensions and hostilities across the Middle East have reached fever pitch. And with such a complex regional crisis playing out, it should not come as a surprise that the Biden administration is reconsidering its military priorities in the region. It should be cause for significant concern, however, that this could involve a full withdrawal of U.S. troops from Syria. While no definitive decision has been made to leave, four sources within the Defense and State departments said the White House is no longer invested in sustaining a mission that it perceives as unnecessary. Active internal discussions are now underway to determine how and when a withdrawal may take place.” - the media wrote. http://t.me/megatron_ron

JUDY NOTE, 25 JAN

 Judy Note:

 Implementation of the pending BRICS nations Global Currency Reset will dissolve Cabal Central Banks across the World and take away their fiat money supply, which they aren’t happy about. In response to the pending Black Swan Events the Military has declared DEFCON One, while the National Guard has been put on High Alert in all 50 states.

 As of Thurs. 25 Jan. the Navy has deployed ships across 22 Time Zones awaiting a Green Light. Europe was mobilizing for war. Activation of a worldwide Emergency Broadcast System was in the air that would bring in Martial Law across the Globe.

https://dinarchronicles.com/2024/01/25/restored-republic-via-a-gcr-update-as-of-january-25-2024/

Coffee with MarkZ. 01/25/2024