Monday, May 6, 2024
The launch of the conference of the Union of Arab Banks in Baghdad, 6 MAY
The launch of the conference of the Union of Arab Banks in Baghdad
Monday 06, May 2024
Baghdad / Nina / The activities of the Union of Arab Banks Conference, sponsored by the Central Bank of Iraq, were launched in the capital, Baghdad, under the title "Challenges facing Arab banks in complying with international laws and legislation and meeting the requirements of correspondent banks."
The two-day conference, which was held at the Babylon Hotel, was attended by Central Bank Governor Ali Al-Alaq, government and parliamentary figures, and a number of Arab banking and economic officials.
"About the RV and the Redemption of Zim Bondholders" , (ENGLISH AND SPANISH) , 6 MAY
Saturday May 4, 2024
Mark Zee: Says
— All my contacts in IRAQ 🇮🇶 say that the trigger is now on the CBI (CENTRAL BANK IRAQ) and that they will pull it soon.
They are informing people... they are educating people and telling Iraqi citizens to be prepared for the change in values. We just don't know the moment..!
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"REDEMPTION" - DATE UNKNOWN
This is how ZIM bondholders are compensated! They are compensating us in dollars pegged to the Zimbabwean currency! Interestingly, they are supporting it with "gold".
I have heard that numerous African nations or regions are backing their currencies with diamonds, while the Middle East depends on oil, and so on!
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TRANSLATION SPANISH
Sábado 04 Mayo 2024
dicen que el gatillo está ahora en la CBI ( CENTRAL BANK IRAQ) y que lo apretarán pronto.
Sudani to visit Italy next week, 6 MAY
Sudani to visit Italy next week
BAGHDAD (NINA) - Political adviser to the Prime Minister Sebhan Mullah Jiyad has revealed a visit by Prime Minister Mohammed Shia al-Sudani to Italy next week.
Mullah Jiyad said in a statement to the official newspaper: "The Prime Minister will go to the Italian capital Rome on a two-day visit starting on the tenth of May," explaining that "this visit comes within the Iraqi diplomatic openness led by the Sudanese government, and linking it to the economic dimension."
He pointed out that "Iraq and Italy have many commonalities at the political and diplomatic levels, as well as interrelated interests at the economic level, as there are many Italian companies that have dealt and are dealing with Iraq, especially in industries related to the energy sectors, in addition to Italy's participation in the international coalition in the war against (ISIS) and its support for Iraq."
He stressed that "this visit comes within the direction to arrange the bilateral relationship between Iraq and the countries of the international coalition in preparation for scheduling its withdrawal from Iraq."
"When gold is set free, so are we." BY GOLDILOCKS, 6 MAY
GOLDILOCKS
When gold is set free, so are we."
Let's take a close look at why that is. There is a strong belief that gold is no longer determined by economic prices on the market. A shift is occurring and China is in the middle of it.
Much of the gold prices as of late have been driven by the China Market buying up this particular precious metal. It is one of the requirements of the BRICS Nations in joining this alliance to trade goods and services with the backing of gold.
In other words, we have new price discoveries taking place attempting to reset the price of gold. The higher the price of gold goes, it has the ability to determine the price of the dollar going forward. When gold is the standard over the dollar, price discoveries on foreign currencies begin to shift.
Gold and the Dollar have a correlated relationship that is currently breaking down because of inflation, de-dollarization, and the purchase of gold by countries overseas.
When the price pressures on gold becomes so great, it will require new formulations of values and a reset in gold will occur. All of our tokenized assets backed by gold, our stablecoins that represents a country's currencies backed by gold, and gold itself will be free to move into a real value.
These new values will be determined by supply and demand, and not, a predetermined price set to parallel a particular World Reserve Asset. This is when we have a reset.
Here is what the final moments look like...
Paper trades in gold and silver on the COMEX Market are stopped.
When trades in paper gold and paper silver in the Futures Market come to a halt, this will enable them to adjust spot prices on physical gold and physical silver.
A slight movement upward (manually done) occurs to encourage trade. This is done over and over again until the market recognizes the new determinations and price correlations.
This is where you see chart gaps happen in the market, and they have to be filled.
Once these gaps are filled and new movement forward on gold and silver are secured, we have a reset. This will reset everything.
Everything.
© Goldilocks
https://www.cmegroup.com/notices/market-regulation/2022/05/SER-8991.html
https://www.nytimes.com/2024/05/05/business/china-gold-price.html