"QFS CONVERSATIONS" WITH GOLDILOCKS, 4 MARCH

GOLDILOCKS

Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc. Persistence Gwanyanya, a prominent economist and member of the Reserve Bank of Zimbabwe’s monetary policy committee, confirmed the country’s application in a recent interview with The Herald.

“We have applied to join the New BRICS Development Bank,” Gwanyanya said. He expressed optimism about Zimbabwe’s application, citing support from BRICS members Brazil, Russia, and South Africa.

Gwanyanya clarified that Zimbabwe’s pursuit of NDB membership does not preclude its aspirations to join the BRICS alliance itself. “Zimbabwe, like many African nations, is committed to achieving sustainable economic growth and transformation through continental integration,” he explained. “We value our collaboration with BRICS partners in fulfilling our market integration goals.” Daily News Egypt

The BRICS alliance may be preparing a big announcement at the upcoming summit. In fact, with more interested nations awaiting invitations, all eyes will be on which nations will receive formal invitations to join the newly expanded BRICS+.

Nations looking to ditch the US dollar and join the growing bloc hope the summit will also include talks on enlargement.   Slobodenpecat

IQD REER/NEER Exchange Rates at $1.00 USD #iqdf BY SANDY INGRAM

"QFS CONVERSATIONS" WITH GOLDILOCKS, 4 APRIL

 GOLDILOCKS

China is beginning to signal a policy change in the buying and selling of government bonds. They are beginning to indicate the desire to sell their bonds to prop up their currency which is a tactic the US currently utilizes. 

Japan is also considering this tactic, and other countries will witness the benefits of these changes. 

One thing is for certain, it will change the dynamics of trade between countries going forward. This move will indicate a global shift in the way many countries will begin utilizing the same measures that the US does in trade and banking within their own countries. 

When we see this trend begin to take place, it will begin putting price pressures on exchange rates going forward and many will begin to move into real values. 

© Goldilocks

https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp#:~:text=Since%20the%20U.S.%20dollar%20has,return%20back%20to%20the%20U.S.

https://www.linkedin.com/pulse/how-do-treasury-yields-impact-currency-prices-cmsprime-8ssnf#:~:text=Treasury%20yields%2C%20which%20are%20the,trends%20and%20make%20informed%20decisions.

https://www.businesstimes.com.sg/international/xi-s-cryptic-bond-comments-hint-pboc-becoming-more-fed

"This bank will issue bonds ( Enjaz ) on behalf of the Ministry of Finance."

👆 Do you see what's going on here? Someone is about to sell government bonds to prop up their currency. A pattern is forming among countries.

© Goldilocks

https://cbi.iq/news/view/2543

Where the U.S. Dollar May Be Headed in 2024 | Charles Schwab

https://www.schwab.com/learn/story/where-us-dollar-may-be-headed-2024

Great expectations: How treasury bonds and interest rate changes impact currencies | OFX (US)

https://www.ofx.com/en-us/forex-news/articles/how-interest-rates-impact-currencies/#:~:text=A%20wide%20spread%20between%20country,will%20have%20the%20opposite%20effect.

"THE BANKING SYSTEM WILL EXPLODE IN 2024!!!". BY FRANK26, 4 MARCH

KTFA

FRANK26: "THE BANKING SYSTEM WILL EXPLODE IN 2024!!!".........F26

Iraq’s banking system grows 15.1% in 2023 to $156.7 billion

 

 March 31, 2024

Baghdad (IraqiNews.com) – By the end of 2023, the total assets of the Iraqi banking system had grown by 15.1% annually to $156.7 billion. This was mostly driven, according to Rabee Securities, by the 15.3% increase in deposits to $101.9 billion.

The largest contributor to overall deposit growth was current deposits, which increased 17.2% to $82.1 billion and accounted for 80.5% of all deposits in the banking system.

Additionally, the total deposits of the private sector climbed by 14.7% in 2023 to reach $43.2 billion, while the deposits of Iraq’s Central Government increased by 22.7% to $36.1 billion and the deposits of public institutions increased by 6.1% to $22.6 billion.

“As a measure to control the FX flow into the banking system, the CBI now allows a limited number of banks to participate in the CBI foreign currency window and engage in USD transactions,” said Aysegul Ozge Ozgur, Head of Research at Rabee Securities

“National Bank of Iraq, Bank of Baghdad, and Al-Mansour Bank are among these banks that have been permitted to engage in such activities, thus, they are benefiting from an expanded market share in USD transactions,” added Ozgur.

There are 61 commercial banking institutions in Iraq, according to Rabee Securities, made up of 54 private banks (25 non-Islamic and 29 Islamic) and 7 state banks (one Islamic and six non-Islamic).

In terms of Return on Average Equity (ROAE) and Return on Average Assets (ROAA), the National Bank of Iraq, Bank of Baghdad, and Al-Mansour Bank are among the most profitable ISX-listed banks. In 2023, their balance sheets and income statements showed remarkable development.

LINK

Salah adviser to the prime minister BY NADER FROM MID EAST

"RV UPDATE" BY BRUCE, 4 APRIL

BRUCE

Tues. 2 April 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#: Tier4b can expect emails to set appointments anywhere from  Wed. 3 April at around 11 am EST to Fri. 5 April morning.

 A Wells Fargo Executive said the emails would be sent out sometime from Thurs. 4 April to Fri. 5 April morning.

An encrypted message to Bruce from a big Source said the emails should go out within 1-2 days. Bond Holders were expecting emails to make them liquid anywhere from Wed. 3 April to Thurs. 4 April. Tier4b should go 12 hours after Bond Holders were liquid.

A digital platform to enhance e-governance programs, 4 APRIL

 A digital platform to enhance e-governance programs

 
The first 04/04/2024
 Baghdad: Israa Al-Samarrai 
 
The Communications and Media Commission has identified the advantages of the digital platform that it launched a few days ago, for reserving the Iraqi domain (com.iq) and (net.iq), which aims
 
to 
 
      enhance Iraq’s national identity and 
 
     introduce modern digital technologies into its commercial dealings with the aim of 
 
     enhancing its international standing. 
 
The authority’s official spokesman, Haider Najm, said in an interview with “Al-Sabah”: 
 
The authority was keen to launch a digital platform to reserve the Iraqi domain (com.iq) and(net.iq), and thus 
 
companies can now reserve their own domain, indicating that the 
 
authority has approved the use of The latest technologies in the Iraqi domain digital platform. He added that the 
 
platform will provide its services for management and financial payment, and will also enable companies to choose the name they wish to reserve and pay the financial costs for the domain through DNS control, to which the domain that has been reserved will be linked through a specific website designated by the Authority for that purpose.  Najm considered 
 
the platform for the Iraqi domain to be one of the most important programs that his department was keen to implement and make available to users, as 
 
it enhances the work of electronic governance. 
 
It will also provide a digital platform for reserving the Iraqi domain without any problems. 
 
It will also create a qualitative breakthrough for companies operating in the country through my website (com.iq). And (net.iq). He stated that 
 
payment of fees for the Iraqi domain has been made available to every user through digital technologies, and the 
 
cost of each digital domain varies from one person to another or from one company to another, and is according to its size, capacity and number of characters, noting that 
 
domain reservation has been activated for companies first, while the 
 
coming period will witness the availability of reservation. 
 
The Iraqi digital domain is officially available to citizens.