Evening News with MarkZ. 03/11/2024

"RV UPDATE" BY FRANK26, 11 MARCH

 Frank26

  The conditions of the monetary reform are perfect.  All the waiting that we've been having forever and ever is also very perfect because what we're waiting for is just one thing and one thing only, the new exchange rate.  That's it.  The evidence is, banks know now. 

   IMO This is an RI not and RV like the other people tell you.  The RV was a long time ago...This is an RI.  It is to be reinstated.  I believe it's trying to reach $3.22 so he can be on par and then float in the basket and gain more value.

"THE YUAN IS THE WORLD'S FIFTH MOST-USED CURRENCY FOR TRADE" BY GOLDILOCKS, 11 MARCH

GOLDILOCKS

 "The Yuan is the world's fifth most-used currency for trade. The IMF, which is due to review the basket's composition later this year, must deem any new currency "freely usable," or convertible - seen as a key obstacle for the Yuan, also known as the Renminbi. But the Fund also could change its criteria, or have a phased entry for the Renminbi after it meets the standards, as some officials have suggested."

Since the time of the quote above, the Renminbi has been included in the Special Drawing Rights of the IMF. There's even a bill that includes special recognition of China's currency and it's role in the future global economy.

Below, you will see a link to the dollar act legislative bill currently in the introduction phase. It states inside the introduction that digital dollar has to be formed this year. This means that the Stablecoin for the United States dollar is and will find its regulations completed for trade inside the new QFS. 

Currently, the WTO is in process of currency reforms this year. They are adjusting percentage prices among several countries' goods and services to make trade among nations a "More Level Playing Field." These changes will have corresponding exchange rate adjustments through a re-indexing process. 

Meanwhile, China's currency in trade is increasing in volume and part of the WTO's evaluation for the revaluation of the Eastern half of our World's currency values. 

Role of the Renminbi:

"An SDR allocation is a way of supplementing Fund member countries' foreign exchange reserves, allowing members to reduce their reliance on more expensive domestic or external debt for building reserves."

© Goldilocks

http://www.pbc.gov.cn/english/130721/3154437/index.html#:~:text=The%20new%20SDR%20basket%20includes,percent%20for%20the%20Pound%20sterling.

https://www.congress.gov/bill/118th-congress/house-bill/556

https://www.nasdaq.com/articles/rocky-start-set-wto-talks-up-for-minimal-results

FRANK26……3-11-24……IQD UPDATE…….WHO’S YOUR DADDY

Fight, corruption IQD Iraq BY NADER FROM MID EAST

"JP MORGAN IS DIRECTLY CONNECTED TO IRAQ" BY ARIEL, 11 MARCH

ARIEL

@PROLOTARIO1

 Ariel 

- Because this is very significant given how JP Morgan is directly connected to Iraq by helping them facilitate a new way to facilitate foreign transactions.

💥💥💥💥💥

https://x.com/prolotario1/status/1766855999829266499?s=46

https://assets.jpmprivatebank.com/content/dam/jpm-pb-aem/global/en/documents/insights/latest-and-featured/Outlook-2024.pdf

Parliamentary Finance: Parliament will discuss the budget if the government requests it, 11 MARCH

Parliamentary Finance: Parliament will discuss the budget if the government requests it

Mustafa Khalil, a member of the Parliamentary Finance Committee, said that the House of Representatives will consider the budget items if the administration asks revisions.

He said, “Any amendments to the budget will be appropriate to the government program, as well as the expenditures that this program requires to be implemented.”

He went on to say, “There are many proposals regarding the budget and employee salaries, but matters are still in the hands of the government.”

He went on to say, “The government did not send any schedules to the House of Representatives to be drafted and amended before proceeding with their implementation.”