Trio of BRICS, OPEC and China/Russia: How Global South Leading the World

Trio of BRICS, OPEC and China/Russia: How Global South Leading the World

Fastepo:  3-15-2024

Recent developments suggest a broadening and deepening of the BRICS alliance with OPEC, with significant implications for global energy markets and geopolitical alignments. 

The global landscape is witnessing a pivotal transformation with the expansion of the BRICS group, now including key OPEC members like Saudi Arabia, Iran and the UAE, along with Egypt, and Ethiopia. 

This strategic enlargement significantly enhances the bloc's global energy influence and positions it as a formidable counterweight to G7, potentially altering the dynamics of global energy markets and investment flows.

 In this video, we explore the intricate dynamics between OPEC, BRICS, and the pivotal roles of China and Russia, focusing on their collective influence on global finance and the international order. 

We'll examine how these relationships are reshaping economic alliances, challenging Western dominance, and potentially creating a new multipolar financial landscape. 

Join us as we dissect the strategic partnerships and rivalries that are redefining global economics and politics, and consider the future implications for global stability and prosperity.

"AN UPDATE ON THE ELECTRONIC PAYMENT ROLLOUT PROCESS, PART OF THE DR. SHABIBI PLAN AND THAT MUST FIRST OCCUR AS PART OF THE PROJECT OF DELETE ZEROS" BY MNT GOAT

WE HAVE COME A LONG WAY IN THE FIELD OF ELECTRONIC PAYMENT

Today, Wednesday, the Petroleum Products Distribution Company set the date for ending cash trading, while indicating that great progress has been made in the field of electronic payment.

The Director General of the Oil Products Distribution Company, Hussein Talib, said in a statement to the Iraqi News Agency (INA): “The Oil Products Distribution Company is one of the first departments that relied on electronic payment in work,” indicating that “there are a group of failures that were addressed in this regard with the bank.” Central Bank through licensed portals and companies.

He pointed out that “among the challenges the operation faced was the problem of transferring funds from the citizen’s account to the accounts of the petroleum products distribution company,” stressing that “9 gates became operational after the problems were addressed.”

He added, “The electronic payment process has been launched at filling stations in Baghdad and all governorates,” noting that “the company’s plan at the end of the first quarter of this year includes ending the cash trading process in most areas of the Petroleum Products Distribution Company. ”

He continued, “The company has come a long way in the field of electronic payment, as the station agent now prepares products, as well as generator owners and the mobile agent, as well as state department vehicles, via electronic payment cards.”

(I like this article because it gives us an update on the electronic payment rollout process, a process that began in 2011 but never took off until recently. Yes, this is part of the Dr Shabibi 2011 plan that must first occur as part of the Project to Delete the Zeros and the monetary reform.)

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"RV UPDATE" BY WOLVERINE, 16 MARCH

Fri. 15 March Wolverine, MarkZ

Over the weekend, especially in Europe, the final transition to 20022 (or whatever) is activated. High expectations for massive banking changes this weekend. My bank even notified me that some services will not work overnight on Sunday. Member: 

My bank emailed and said they were making some important updates before April 15th. Member: I received a message from my bank saying that on the 17th, from 1:00 am to 5:00 am, there will be no service for all transactions. 

Member: Rumor has it that Chinese Elders have paid off ALL debts worldwide at this time. 

So I’m resting comfortably…without fear. 

Iraq Federal Court Brings - Strength to Financial - Political - Sovereig...BY MILITIAMAN

"CBI: ACHIEVING BANKING REFORM FOR CONTROL THE EXCHANGE RATE OF THE CASH DOLLAR IN THE PARALLEL MARKET AND RETURN IT TO THE EQUILIBRIUM PRICE IN THE MONETARY TRADING MARKET " BY MNT GOAT, 16 MARCH

ADVISOR TO THE ASSOCIATION OF BANKS: THE CENTRAL BANK IS FOLLOWING A CONSISTENT APPROACH TO ACHIEVING BANKING REFORM 

Advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, explained today, Wednesday, that the Central Bank is following a consistent approach to implementing its strategy for banking reform, with the cooperation and support of the Prime Minister and the government, as the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely. 

At the end of the year, and maintaining it for audit and statistical purposes, in an effort to enable Iraqi banks to establish and establish solid banking relationships with the global and regional banking sector in order to achieve the sobriety of the Iraqi banking sector and full compliance with international banking standards and their requirements.

In an interview with Al-Eqtisad News, Al-Nusairi stressed that Iraqi banks should be “prepared and able” to access and deal with foreign correspondent banks through which financial transfers arrive, through opening inter-accounts between the two parties.

Al-Nusairi praised the Central Bank’s procedures and financial plans for this year, in order to regulate banking systems and safe external transfer methods in line with global banking standards, with regard to regulating foreign trade financing.

He said that the strategy of the Central Bank of Iraq for this year is to gradually cancel the electronic platform in line with its procedures and negotiations with the US Federal Reserve and international banks to regulate foreign trade financing. 

These procedures obligated Iraqi banks to open bank accounts in global correspondent banks after providing all the requirements required of them by these banks. Al-Nusairi pointed out that the number of Iraqi banks that have accounts, understandings, and transactions with these banks has reached approximately 25 banks, which have opened more than 40 accounts with correspondent banks, and it is expected during the next two months that other banks will join, so that the number will increase to what was planned by the management of the Central Bank .

The advisor to the Iraqi Private Banks Association concluded his speech by saying that the regulatory and reform steps that he is working on this year are to control the exchange rate of the cash dollar in the parallel market and return it to the equilibrium price in the monetary trading market.

And to open dealing in local currencies to countries with which Iraq has important trade exchange, such as China and Turkey. The UAE and India in light of special agreements concluded with them and currently being implemented.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"RV UPDATE" BY RUBEM BAZ, 16 MARCH

 Fri. 15 March Hernán Robert Hbravo

Rubem BAZ says that the 12 Platforms were scheduled to launch last night Thurs. 14 March on RENO and the launch of the 6 Platforms today Fri. 15 March in Zurich. 

Contracts will be sent over the weekend and available funds will be released on Mon. 18 March. Sovereign Buyers start their businesses next Wed. 20 March by sending contracts, notifications, phone calls, etc.

Today Fri. 15 March there will be a global announcement from each country; regarding their currency being asset-backed. The US announcement will be made by UST and the new USN banknotes will be available.

This will be the official start of Rescue and Rescue Centers, and Notifications will be sent. The Exchange Centers will use the New Dollar!

"IRAQ IS WITNESSING POLITICAL & SECURITY STABILITY IN THE SUDANESE GIVERNMENT" BY MNT GOAT, 16 MARCH

PRIME MINISTER AL-SUDANI HAS SUCCEEDED IN A NUMBER OF POLITICAL, ECONOMIC AND SECURITY FILES

Baghdad Today – Baghdad   Yesterday, 23:28 | 

Former MP for the Patriotic Union of Kurdistan (PUK) Hussein Narmo confirmed on Tuesday (March 12, 2024) that Prime Minister Muhammad Shia al-Sudani has succeeded in a number of political, economic and security files.

Narmo said in an interview with “Baghdad Today” that “the Sudanese succeeded in the issue of maintaining the non-rise of the dollar to large levels after many attempts by speculators to hit the local currency.”

He added that “Iraq is witnessing political and security stability in the Sudanese government, in addition to dissolving differences with the region and resolving them gradually, as well as openness in foreign relations, and the Iraqi government refused to be a party to the Iranian-American conflict, and these are success steps calculated for the government.”

The Sudanese government faces many challenges, which he personally and his government are trying to overcome and move forward with the development and services he promised when he took office, and despite the many obstacles, he always shows his ability to adapt and keep pace so far, according to observers.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/