Monday, February 19, 2024

"QFS CONVERSATIONS" BY GOLDILOCKS, 19 FEB

 China Plans to Accelerate Cross-border Data Transfersby Implementing Trial Rules in Shanghai Pilot Free Trade Zone

"...cooperation with the Digital Economy Partnership Agreement (“DEPA”) countries in the field of digital trade, actively establishing the Lingang Special Area as a model site of DEPA cooperation[4], and promoting the implementation of new rules such as “paperless trade."

China is in process of Accelerating Cross-Border Data Transfers through Implementing trial rules in the Shanghai pilot free trade zone.

The transfer of personal data to another country requires the testing of protection laws through controllers to fulfill the needed requirements when transferring personal data across borders.

These new data rules are being tested on the Shanghai Exchange and accelerated to test and implement these new digital monetary policies.

The Shanghai Exchange incorporates much of Asia and the Middle East in trade going across borders from the East to the West.

This test pilot will allow China the ability to comply with the new Digital Asset-Based Trading System data requirements enabling trade on a global scale to move forward.

The Chinese Yuan is utilized on the Shanghai Exchange, and they have already told us they are considering a gold-backed Chinese Yuan to lead the way in trade among the Nations they trade with going forward.

The Shanghai Exchange is the third largest market exchange in the world. It has a market cap of nearly 7 trillion dollars in assets. A Golden Yuan that trades with markets around the world through the Shanghai Exchange will significantly change monetary policies around the world to keep pace with these new developments.

And, we must not forget that the Shanghai-Hong Kong Stock connection will enable their new pilot program on stablecoins to play an important part of the global payment systems around the world to function freely on the Shanghai Exchange that connects to the rest of the global economy.

All roads lead to gold, and "digital gold" will set us free.

© Goldilocks
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Iraqi Dinar Revaluation Exchanging 25000 Notes at FOREX - What to Expect!

Iraqi DinaršŸ”„ Latest Exchange Rates Today Between IQD VS USD 2024šŸ”„iraqi d...

Kurdistan's president, U.S. congressman discuss security partnership, 18 FEB

Kurdistan's president, U.S. congressman discuss security partnership

Shafaq News/ Kurdistan's President Nechirvan Barzani met with a delegation from the US Congress for talks security cooperation and the partnership between the United States and Iraq, an official readout by his bureau said on Sunday.


The readout said that President Barzani and the U.S. delegation, led by Congressman Michael Turner, met on the sidelines of the Munich Security Conference (MSC) and addressed the Baghdad-Erbil disputes and the political situation in Iraq and the Kurdistan region. 


The readout said the delegation "reaffirmed the US Congress's continued support for Iraq and the Kurdistan region," stressing that "the US views Iraq and the Kurdistan Region as important allies and partners in the region."


"RV UPDATE" BY FRANK26, 19 FEB

 Frank26 

  The high quality sample sheets [of new lower note dinar samples] are for the employees but eventually when the CBI is ready then they will invite the Iraqi citizens to come to the banks through their apps on their phones...flyers...billboards...television...commercials to come in.  'We would like to introduce you to the new lower notes that we would like to be giving you.'  They'll project these new 1, 5, 10, 20, 50, 100 on the Channel One Iraqi Financial News.

 The process for you to exchange your currency...when you decide it's time...you're going to go to  Chase. 

 You can go to other banks, nothing wrong with that...but I would suggest you go to Chase...What is the Chief Executive  Officer of Chase doing in Iraq right now?  Opening 10 Chase banks...I don't believe in coincidence...I encourage you to consider  Chase because they're going to be able to connect you with IMO one of the most powerful ways to diversify your money.  Yeah, JP  Morgan.     

Iraq RV News PM Al-Sudani Demands Complete US Withdrawal - Financial and...

The Central Bank Determines The Mechanism For Granting License Applications For Electronic Payment Companies, 19 FEB

 The Central Bank Determines The Mechanism For Granting License Applications For Electronic Payment Companies

Economy | 02:14 - 02/18/2024  Mawazine News – Baghdad  On Sunday, the Central Bank of Iraq revealed the mechanism for granting a license to electronic payment companies, confirming the continued acceptance of license applications.

The Central Bank specified, according to a statement received by Mawazine News, that “the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants,” indicating that the application includes a detailed explanation of the added value of the electronic payment sector.

In Iraq, which will be provided by the company to be licensed, especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.”

The bank stressed "the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic payment services system."

The bank confirmed that “applications that do not meet the aforementioned licensing conditions will be rejected.”   https://www.mawazin.net/Details.aspx?jimare=242301