Tuesday, February 6, 2024
Including The Dollar, Oil And Water.. A Representative Holds America Responsible For The Economic Crises In Iraq, 6 FEB
Including The Dollar, Oil And Water.. A Representative Holds America Responsible For The Economic Crises In Iraq
Economy Deputy: America is responsible for the dollar, oil, water, and electric energy crises
Information / Baghdad.. On Tuesday, Firas Al-Muslimaoui, representative of the State of Law coalition bloc, held the United States of America responsible for causing a number of economic crises in Iraq, such as the rise in the dollar exchange rate, the oil crisis with Kurdistan, and the water crisis.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Al-Muslimaoui told Al-Maalouma, “Washington refuses to withdraw its funds from the Central Bank of Iraq and is trying to impose more sanctions on private banks.”
He described this American behavior as "besieging Iraq and strangling it economically," noting that "the United States refuses Iraq to conclude contracts with international companies in the field of energy and services."
Several political figures announced earlier that America rejected Iraq’s contract with the German energy company Siemens to rehabilitate the electrical system in Iraq. LINK
JUDY NOTES, 6 FEB
Recent History of the Global Currency Reset:
- On Thurs. 25 Jan. the gold-backed US Dollar was introduced from the US Treasury in Reno.
- The next day on Fri. 26 Jan. all 86 Global Currency Reset platforms were launched and loaded.
- By Sun. 28 Jan. the new Iraqi Dinar Rate (which had been released in-country on Mon. 1 Jan.) and the new US Note were both trading on the Forex.
- On Mon. 29 Jan. Tiers above Tier4b (Us, the Internet Group) began receiving notification for appointments and now some were in the process of exchanging.
The Central Bank of Iraq cancels the license of an Iranian bank, 6 FEB
The Central Bank of Iraq cancels the license of an Iranian bank
An Iranian bank branch in Iraq had its license revoked by the Central Bank of Iraq.
The bank said in a letter to the Iranian bank that “there is no point in continuing the practice of banking activities, in view of the losses incurred by the bank’s branch in Iraq, the limited activities it practices, and the inability to implement or expand the practice of banking activities, and therefore there is no point in continuing it.” This decision was made based on the Board of Directors’ decision No. (185) of 2023. It was decided to revoke the branch’s license in Iraq because it was operating there and facing international sanctions.
"QFS CONVERSATION WITH GOLDILOCKS", 6 FEB
GOLDILOCKS
"The Bank Term Funding Program (BTFP) expire in March, and no new loans can then be taken out, but existing loans can be maintained until their term ends, which is one year after it was issued."
The existing loans will give Banks time to add new Basel 3 requirements to new loans (SOFR) going forward inside a gold backed economy.
Secured Overnight Financing Rate (SOFR) allows a borrowing of cash overnight that is collateralized and repurchased through the US Treasury securities.
This new repo Market mechanism (SOFR) will gradually be put into place to replace the old Libor contracts finishing up their contracts this year.
"1-, 3- and 6-month US dollar LIBOR settings continue to be published under an unrepresentative ‘synthetic’ methodology until end-September 2024. After this, publication will cease permanently."
By the end of the year, everything turns to gold. "All roads lead to gold, and gold will set us free."
© Goldilocks
https://www.capitalone.com/commercial/solutions/libor-sofr/
https://www.jpmorgan.com/solutions/cib/markets/leaving-libor#:~:text=from%20June%2030%2C%202023&text=1%2D%2C%203%2D%20and%206,this%2C%20publication%20will%20cease%20permanently
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