DINAR REVALUATION

Thursday, January 25, 2024

Zimbabwe What the People are Doing to Combat Inflation #iqd #vnd #gold E...BY SANDY INGRAM

Issuing Electronic Cards To Small Merchants With A Ceiling Of $100,000 Per Month, 25 JAN

Issuing Electronic Cards To Small Merchants With A Ceiling Of $100,000 Per Month

January 23 13:15 Information/Baghdad.. Today, Tuesday, a government source revealed the issuance of electronic cards to small merchants, while specifying their conditions.

The source said in a statement to the official agency, followed by “Al-Ma’louma”:

“Based on the directives of the Prime Minister and in light of the discussions that took place between the government, the Central Bank of Iraq and electronic payment companies for more than two months,

a mechanism for issuing electronic cards to small merchants was approved, with a ceiling of 100 thousand dollars.”“.” He added, Monthly to implement payment operations for import purposes in order to reduce the demand for cash dollars by real merchants

"The new mechanism includes:

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

2- Determine the uses of the cards to be for small merchants in line with the external transfer controls issued by the Central Bank for the year 2023, provided that

The ceiling of 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 application.

3- The cards are used for the purposes of purchasing goods and services from known suppliers according to pre-determined white lists.

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

5- Small merchants’ funds are deposited in the branches of various Iraqi banks in Iraqi dinars.

https://almaalomah.me/news/54112/economy/إصدار-بطاقات-إلكترونية-لصغار-التجار-بسقف-100-الف-دولار-شهريا

"RV UPDATE" BY WOLVERINE, 25 JAN

Bearded PatriotUSA

Telegram post
1/24/24

Forwarded from Wolverine:

Rumors spreading that Colombia has received payment is false. What I do know most whales from Colombia have gone to Zurich to receive payment.

There are only 3 redemption centres

One in Zurich, Hong Kong and Reno

————————

Ok guys

Latest info that just arrived

I have been told now strictly not to say anything more as it is not just me but other gurus as well to remain silent from now on as there is a risk that we might be jeopardising the operations for some platforms.

So from now on I will remain quiet and allow the process to flow.

We’ve been waiting for over 30 years for this and we don’t want to be responsible to delay it any further.

God bless

Wolverine

https://t.me/Bearded_PatriotsUSA/13796

Iraq Dinar - Freedom of Capital Movement - International Cross Border Pa...BY MILITIAMAN

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.