Question: "Do you think they'll come out with a sucker rate?"
I don't care if it's suckered or not! Give me a rate! Give it to me! Make it international! Let it go and they'll float it up. Give me $0.10 I don't care.
Question: "What comes first, the small denoms, Forex or even the RI ?" I've said it a hundred times, the next thing that we seek is the lower denoms and the new exchange rate. Once we have that let's float.
IMO a lot of promises were made by Sudani in Davos. Today Sudani uses more new words to describe to the citizens that the time to wait for the reinstatement of their currency and new exchange rate is shorter than it's ever been before. It's shorter than a step stool with the legs of a corgi dog...these are exciting times.
Associated Press: The number of American soldiers killed and injured at Al-Tanf base has risen to 37
Information/translation.. An Associated Press report confirmed that the killing of three American soldiers and the wounding of 37 American soldiers at the Jordanian base at Al-Tanf, which occurred last Sunday, is the first attack of this magnitude on American forces since the start of the war waged by the Israeli occupation entity in Gaza, indicating that American forces were exposed to more than 150 casualties. attack so far.
The report, translated by the Maalouma Agency, stated, “Since the beginning of the conflict, American forces have been attacked more than 150 times by resistance factions in Iraq and Syria, but this is the first time they have been targeted in Jordan.”
He added, “The US Central Command warned that the number of casualties may rise as the wounded are being evaluated for brain injuries. Eight individuals were also evacuated from Jordan to receive the highest level of care, but their condition is stable.”
The report continued, “The Islamic Resistance in Iraq claimed responsibility for the attacks on three bases, including one on the Jordanian-Syrian border, and the Tower 22 attack was reported as the first deadly air attack on American ground forces since the 1950-1953 Korean War.”
The report stated that “the United States has not yet revealed the identity of the three dead soldiers, while during an election event in South Carolina, Biden asked the public to stand for a minute of silence after the news came out.”
The report pointed out that “although the United States pretends that it is not at war in the region, it often launches air attacks on the resistance factions and the Popular Mobilization Forces in Iraq and Syria, which led to the death of many individuals in the region, while former intelligence officer Jonathan Bannikov said:” It is clear that this will not be the last attack on American forces.”
De-dollarization: The Impact of Digital Assets and CBDCs on Global Currency Dynamics"
Going forward, stablecoins and cbdcs will be in the process of leveling the playing field between currencies around the world.
A stablecoin represents a country's currencies. Stablecoins, cbdc's, and deposit tokens will be utilized in payments moving money across borders.
Each of these digital coins will have a real value utilizing a fixed rate of gold on digital networks to process payments going forward inside the banking system.
This will increase money flow and demand for each country's currency going forward sharing the wealth and other benefits of these new mechanisms in process of being implemented this year.
Because of these new mechanisms coming into play, the Global Currency Reset is a process that will take place gradually over the course of this year and completing next year. Look for floats on currency rates this year with their culminating final rate in the following.
During 2023.. 30% of Iraq’s imports “evaded the tax” and were financed by the “parallel market”
Al-Sumaria News – Special Throughout the past year, economic experts suggested that the rise in the dollar exchange rates in the parallel market was due to merchants buying dollars from the parallel market for the purpose of importing, because they could not obtain the dollar from the Central Bank of Iraq to finance their trade. The reasons for their inability to do so vary for several reasons, including that the countries from which they import are banned from the dollar, led by Iran, or that merchants do not want to submit papers and proofs to the Central Bank of Iraq in exchange for obtaining the dollar at the official rate, because that will force them to pay taxes to the country in which they are. Basically, they evade it, especially with regard to the trade in cigarettes and alcoholic beverages, whose taxes are double and large.
From this standpoint, “Al-Sumaria News” conducted a digital review of the difference between the volume of Iraq’s imports during 2023 compared to the volume of the Central Bank’s transfers from the dollar.
Financial data for buying and selling foreign currency show that the Central Bank of Iraq bought $64 billion in foreign currency from the Iraqi Ministry of Finance, and in return sold only $33.5 billion of it.
Total sales were divided into $25.1 billion in foreign transfers, compared to $8.4 billion in cash sales for the purpose of travel, which means that 75% of dollar sales went as foreign transfers for the purpose of import.
But what is striking is that external transfers for the purpose of importing are much less than the value of what Iraq actually imported in 2023, as external transfers from the Central Bank are equivalent to only 70% of the volume of what Iraq actually imported in 2023.
As global import data tracked by “Al-Sumaria News” shows, In 2023, Iraq imported more than $36 billion, while the Central Bank transferred only $25.1 billion abroad.
This means that approximately 11 billion dollars of imports last year were not made through the Central Bank, but rather from the parallel market, which is equivalent to 30% of Iraq’s imports were made through parallel market dollars. In other words, 30% of Iraq’s imports are not subject to tax during 2023.
"The Central Bank of Iraq has decided to restore the mechanism of financing Iraq’s foreign trade, starting next March."
Look what we have here. Iraq is planning to move forward with financing their foreign trade mechanism.
March 1st, 2024 is the day they expect to begin this process. They are telling their banks that they expect to do this with all currencies.
Iraq has been working with Governmental Agencies and Technological Developers to get them to this point.
They have tested their money and in process of testing their money this month on electronic mechanisms that will help them to move forward in the new Digital asset-based Trading System.
We are on the verge of witnessing them move into a global implementation stage of their currency.
