"QFS CONVERSATIONS" WITH GOLDILOCKS, 15 MARCH

 GOLDILOCKS

The Securities and Exchange Board of the India is expanding their framework of Qualified Stock Brokers. This is expected to protect the interest of investors and expand compliance for Stock Brokers engaged in asset exchanges such is foreign currency and more. 

These registration requirements for compliance and security are expected within 180 days of March the 8th, 2024. Global Index Providers do not fall under this category. You will be glad to know that many of the foreign currency trades fall under this category. 

This does not exclude this sector of the market from expansion or security compliance issues. It will be going through these economic reforms as well. We are just simply not going to have to wait for these changes to be complete to move forward. 

In other words, India is going through a re-indexing process inside their stock market that will enable them to expand their Foreign Currency Exchange Market through the Unified Payments Interface (UPI). The UPI will allow India to focus on their ability to connect to Global Banks near and far through payment systems inside the QFS. 

This will allow India to expand their ability to trade with local currencies around the world, instead of, just a few that fall into the category of a World Reserve Asset and higher values in a few other currencies.

© Goldilocks

https://affairscloud.com/sebi-expands-framework-for-qualified-stock-brokers-mandates-registration-of-index-providers/

Iraqi Dinar🔥RV Update Of Iraqi Dinar By Wolverine Today 2024🔥iraqi dinar...

After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar, 14 MARCH

  After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar

March 14, 2024   Baghdad

Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

A statement stated, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens, and address the deficit.”

For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.  LINK

"RV UPDATE" BY MILITIAMAN, 15 MARCH

 Militia Man   

...If they adjust the exchange rate and delete the zeroes who's going to need the dollar when they apply the new Real Effective Exchange Rate to it?

  Nobody is going to need the dollar because the dinar is going to be stronger than the dollar and that's my opinion.  We are in a situation where ...a political crisis...or surprises could change the exchange rate and that could come within hours...

 Article:  "Economics website: A new application enhances investment movement in Iraq"   

Quote:  “...The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.”  It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.

Iraqi dinar it’s call Amazing Move 🔥Iraqi dinar RV update latest

Governor of the Central Bank: Setting basic rules to monitor the process of remittances, 15 MARCH

Governor of the Central Bank: Setting basic rules to monitor the process of remittances

The Governor of the Central Bank, Ali Al-Alaq, pointed out, on Thursday, to set basic rules for monitoring the process of remittances and analyzing monetary operations.

The Media Department of the House of Representatives said in a statement received by {Euphrates News}, “The financial committee headed by Atwan Al-Atwani and the presence of its members with the Governor of the Central Bank Ali Al-Alaq met to discuss monetary policy and the banking system in the country and ways to increase the value of the Iraqi dinar.”

Al-Atwani stressed “at the beginning of the hosting held at the headquarters of the committee on the importance of following up the economic file and monetary policy, based on the regulatory hanab, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to relieve citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspect, pointing to the establishment of basic rules for monitoring the process of remittances and analyzing cash operations.

Al-Alaq praised “the role played by the Finance Committee in following up the financial and economic movement of the country.”

The committee discussed with the Governor of the Central Bank the adopted international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.

https://alforatnews.iq/news/محافظ-البنك-المركزي-%C2%A0وضع-قواعد-أساسية-لمراقبة-عملية-الحوالات-المالية

"RV UPDATE" BY PIMPY, 15 MARCH

  Pimpy

   I hold millions of dinar and people act like I don't want the $3.22 exchange rate with the current currency, 'No, Pimpy doesn't like it.  He doesn't believe in it.'  What the hell are you talking about?  I own millions of dinars.  Nothing would make me more happier than them to jump up to a $3.22 rate and keep the same bank notes that we got now.      

 Can the Iraqi dinar get as valuable as a Kuwait dinar?   Of course it could.  There's a lot of hurdles there.  Are they [Iraq] going to be reinstated?  No.  Two different stories.  The invasion and occupation [of Kuwait] was about 7 months...The Kuwait government was still able to do business as usual outside of Kuwait, use the money they had in their reserve fund.  Iraq did not have that, not to mention the fact that Saddam Hussein... printed the hell out of the Iraqi dinar causing the value of the Iraqi dinar to drop...You can't compare Iraq to Kuwait because there's no comparisons...