Iraqi Dinar🔥WOW Exchange Rates For Iraqi Dinar Holders Today 2024🔥iraqi ...

A government directive is to issue electronic payment cards to university and school students and require restaurants to have them, 16 MARCH

 A government directive is to issue electronic payment cards to university and school students and require restaurants to have them

An informed source revealed a government intention to expand the electronic payment application and reduce cash dealing.

 The source told Al-Furat News Agency that “electronic payment cards will be issued to university, institute and school students.”

He pointed out "the trend to oblige restaurant owners to deal with electronic payment within the plan prepared to expand the culture of electronic payment."  link

"CRYPTOCURRENCY GUIDELINES NAMED MICA" BY GOLDILOCKS, 16 MARCH

 GOLDILOCKS

In a previous article, Europe had stated that they would be finished with their comprehensive cryptocurrency guidelines called MICA by the end of May.

Today, we read that they would be finished with the Stablecoin section by the end of June. This will allow our cryptocurrency Market to accelerate. We also read that their comprehensive cryptocurrency would be finished by December. 

After April, our cryptocurrencies will begin to move into a real value. This will put price pressures on currencies on all levels going forward to move into a real value. What remains to be seen is whether or not paper currencies will be invited into this process. 

Currently, the full movement of cryptocurrency valuations have not completely started, but they have been released to begin correlating their Market values to new digital platforms being liquidated by people who have money to move the market. 

Institutional money is about to change all of that after the Bitcoin halving. As our cryptocurrencies are currently decoupling themselves from predetermined prices, it is important for us to prepare ourselves for new changes that will take place in a rapid fashion after April the 22nd inside our new digital asset based economy.

These events are layered on top of each other, and the cryptocurrency revaluation will be a major catalyst that will move money into our paper currencies. 

© Goldilocks

"RV UPDATE: " THE BOND CRISIS" BY MARKZ, 16 MARCH

 MarkZ   

[via PDK]  

Comment:  There is currently a bond crisis brewing.  

MarkZ:  Yes there is…and years ago one of the key players in the RV told us to keep our eyes on the bond market and when it finally gasps its last breath…that is when we go... It is certainly troubled enough to gasp its last breath.

We still do not know the timing but I am going to reiterate that the weekend before last they formed a committee to help inform businesses and citizens how to deal with the changing rate and changing prices that is going to occur. This is huge.

 If any of you are questioning if this is ever going to happen …I want to give you some reassurance….  Here we are at Thursday and this is the second time this week …directly from the Iraqi Parliament: 

“Parliamantary Finance and CBI discuss increasing the DINAR and controlling the market ”.   In other words they need to remove restrictions on the banks and increase the value…that is how they control the market...They are still openly talking about it…again.

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-markz-16-march.html

Iraqi dinar 🔥CBI Governor Al-Alaq New Statement About Rate update 🔥Iraqi...

Iraq and US Treasury Reach Agreement to Reassess Sanctions on Iraqi Banks Amid Financial Stability Efforts, 16 MARCH

Iraq and US Treasury Reach Agreement to Reassess Sanctions on Iraqi Banks Amid Financial Stability Efforts

Iraq's Central Bank Governor, Ali Al-Alaq, announced a pivotal understanding with the US Treasury Department to reevaluate sanctions placed on several Iraqi banks. This development, disclosed during a meeting with the parliamentary finance committee, marks a significant step towards addressing issues related to 'illicit trade' and its impact on the dollar's exchange rate stability. The sanctions, affecting 14 Iraqi banks since July 2023 for their alleged involvement in dubious money transfers, have been a point of contention, reportedly destabilizing Iraq's financial landscape.

Strategic Moves to Stabilize the Economy

Al-Alaq outlined the Central Bank of Iraq's (CBI) strategies to mitigate the sanctions' impact and stabilize the economy. Highlighting the establishment of 'basic rules' for monitoring both external and internal transfers, he attributed the exchange rate instability to illicit trading activities funded through cash dollar withdrawals. The sanctions have not only affected the exchange rate but also obstructed the Iraqi banks' efforts to establish and maintain relationships with 'international correspondent banks'. Continuous dialogues with the US Treasury have led to an agreement to reassess the sanctions, ensuring future decisions involve consultation and notification of the CBI.

Regulating Foreign Trade and Currency Stability

Further elaborating on the steps being taken to navigate the sanctions' repercussions, Al-Alaq mentioned the coordination with relevant authorities to implement a plan aimed at regulating 'foreign trade'. Emphasizing the careful balance maintained between the 'local and foreign currency' to prevent financial inflation, he assured that the process of printing the local currency is conducted based on the necessary financial cover. These measures reflect the CBI's commitment to stabilizing the economy and ensuring the sustainability of Iraq's financial systems amidst external pressures.

Future Prospects and International Relations

The agreement between Iraq and the US Treasury to reconsider the sanctions imposed on Iraqi banks signals a positive shift towards enhancing the financial stability of Iraq. It also indicates the potential for improved bilateral relations and cooperation in economic matters. As Iraq navigates its position as a significant ally to both the United States and Iran, the resolution of such financial disputes is crucial for maintaining access to 'oil revenues' and ensuring the overall health of its import-dependent economy. The ongoing talks and agreements set a foundation for future collaborations that could pave the way for a more stable and prosperous economic environment in Iraq.

This recent development not only highlights the complexities inherent in global financial systems but also underscores the importance of dialogue and cooperation between nations. As Iraq and the US continue to work towards resolving financial and economic challenges, the outcomes of these efforts will likely have far-reaching implications for the region and beyond. The path towards economic stability and growth is fraught with challenges, yet, with strategic planning and international cooperation, progress is within reach.

https://bnnbreaking.com/finance-nav/iraq-and-us-treasury-reach-agreement-to-reassess-sanctions-on-iraqi-banks-amid-financial-stability-efforts

"QFS CONVERSATIONS" WITH GOLDILOCKS, 16 MARCH

 GOLDILOCKS

In a previous article, Europe stated that they would be finished with their comprehensive cryptocurrency guidelines called MICA by the end of May.

Today, we read that they would be finished with the Stablecoin section by the end of June. This will allow our cryptocurrency Market to accelerate. We also read that their comprehensive cryptocurrency would be finished by December.

After April, our cryptocurrencies will begin to move into a real value. This will put price pressures on currencies on all levels going forward to move into a real value. What remains to be seen is whether or not paper currencies will be invited into this process.

Currently, the full movement of cryptocurrency valuations has not completely started, but they have been released to begin correlating their Market values to new digital platforms being liquidated by people who have money to move the market.

Institutional money is about to change all of that after the Bitcoin halving. As our cryptocurrencies are currently decoupling themselves from predetermined prices, it is important for us to prepare ourselves for new changes that will take place in a rapid fashion after April the 22nd inside our new digital asset-based economy.

These events are layered on top of each other, and the cryptocurrency revaluation will be a major catalyst that will move money into our paper currencies.

© Goldilocks