"Hong Kong is currently pursuing an expansion of the digital yuan’s application. It is also approaching the second phase of its own CBDC pilot program and completing consultations for stablecoin issuance."
Do you remember a couple of months ago when we spoke of several global stablecoins that were being tested inside a sandbox with Hong Kong?
They are telling us that Hong Kong is in process of moving past the consultation process and ready to move into the implementation phase. This is the phase of regulatory development inside Global use case scenarios.
The e-HKD digital version of the Hong Kong dollar completed its first pilot testing phase in October 2023. Now, Hong Kong is telling us that they are moving into the retail sector. This will include programmable payments, offline payments, and tokenized deposits. Coin Speaker
The economist, Safwan Qusay, expected today, Saturday, the dollar difference in Iraq to recede and return to the official price after a series of financial and economic measures taken by the government of Mohammed Shia’ Al-Sudani.
Safwan said {Al-Furates News} that: “The mechanisms of the central bank previously did not know who is asking for dollars from the irregular market, and after legitimizing the financial transfer process, the demand for the dollar in the irregular market began to enter the electronic platform.”
“Gradually with the adjustment of border crossings and facilitating the task of demand, I think the difference will recede and return to the official price,” he added.
“The Central Bank is now investing in spreading financial inclusion and investment by Iraqi banks and deploying (POS) at the sector and private level,” Qusay said, stressing that “all government units are currently required to issue credit cards and that procurement committees buy from their economic units (POS).”
He explained, “Controlling the movement of the dinar and knowing where it comes from and where it moves will help in commercial regulation and enhances increasing the level of international investor confidence in financial procedures, as we have the file of money laundering and terrorist financing and currently with the expansion of the circle of financial inclusion, we will be able to where the dinar goes.”
He concluded by ruling, “The existence of 70 trillion Iraqi dinars outside the banking system, and when it enters this system, it will turn into a productive dinar, which is what the Sudanese government seeks to achieve.”
The Central Bank of Iraq, according to its sales table, determined the cash sale price (1305) dinars per dollar.
They're holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time...
Iraq has the attention of the world when it comes to ascension [into the WTO]. We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that? They need freedom of capital movement. That's article VIII compliance...What a time to be an investor in the Iraqi dinar...
Iraq is going to have a lot of inflows. They're going to need to make things stable... To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that.
How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer?...What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023? ...If they haven't gone to a private sector at 1310 obviously there's an circumstance that suggests they're not going to into a private sector at 1310...
The Minister Of Oil Discusses With His Iranian Counterpart Joint Investment In Oil Fields
Information/Baghdad.. Today, Saturday, Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani discussed with his Iranian counterpart joint investment in oil fields.
A statement from the ministry received by Al-Maalouma stated that "the Minister of Oil met with Iranian Oil Minister Jawad Oji and discussed with him the prospects for joint cooperation between the two countries in the fields of oil and gas, infrastructure projects, and joint investment in the oil fields shared between the two countries."
The statement added that "the meeting came on the sidelines of the attendance of the Deputy Prime Minister for Energy Affairs and Minister of Oil at the seventh summit of the Gas Exporting Countries Forum in Algeria." End 25 LINK
MarkZ: There is a historic precedence to go during Ramadan. For Muslims most things slow down at this time…and they do not like doing business at that time…but, it doesn’t mean they won’t...but it sure would be more convenient to go right before it. [Dinar Guru Note: Ramadan is expected to begin on Monday, March 11, and continue through Wednesday,April 10.]
..a number of group contacts are expecting liquidity the first of the week…Monday or Tuesday. The chatter is strong amidst a number of group contacts. We all hope this is actually it this time.
I have one source close to the WTO that thinks it will be mid March for the actual ascension…It is clear it is now inevitable they are heading this direction.