Zimbabwe New Currency, The Gold Back ZiG Monetary policy statement highlights, 17 MAY

 Zimbabwe New Currency, The Gold Back ZiG Monetary policy statement highlights: https://t.me/USDebtClockAmerica

• Structured currency to be backed by reserves and royalties.
• ZWL dollar currencies are to be converted to ZiG
• ZiG to circulate alongside other currencies.
• Multi-currency system is to stay until 2030 as per the law.
• All obligations are to be converted to ZiG.
• All banks are to accept old notes for the next 21 days.
• ZiG notes 1, 2, 5, 10, 20, 100 200
• Paper cash isn’t going anywhere for some time like I mentioned. The people that will want to use paper will however these paper notes will have a qr code for tracking.
• What I would like to point out at the very bottom of this article you will see: “The gold coins and Zimbabwe gold-backed digital tokens”

SOURCE: DINARCHRONICLES

THE BIG CALL HIGHLIGHTS. 17 MAY

 Thurs. 16 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#, 667-770-1865

• On Wed. 15 May one of the top people at Wells Fargo Bank said, “It looked good for a Shotgun Start in the next two days.”
• The Iraqi Dinar has been trading in Iraq and was supposed to be on the Forex soon.
• Iraq paid back to the IMF an 8 billion dollar loan they received in 2003. They had to have a revalued Dinar in order to do that.
• The new Dinar rates are on the ATMs in the Iraqi airports.
• The new in-country Dinar rate is over $8.
• 18 countries’ currencies were going up in value with the GCR.
• A week ago yesterday Iraq was accepted in the World Trade Organization.
• A Wells Fargo Bond Paymaster said that they were going to try to release this to Tiers 3, 4a,b later tonight.
• We may get the R&R (Restitution Allowances) beginning on the 4th Wed. of May, or by the end of May.
• Zim Holders will get their R&R at their appointment added to their exchange totals.

🔥 Iraqi Dinar 🔥 Float Done to $4.25 🔥 News Guru Intel Update Value IQD E...

"QFS CONVERSATIONS" WITH GOLDILOCKS, 17 MAY

 GOLDILOCKS

Iraq's central bank, the Central Bank of Iraq (CBI), has been buying gold since 2022 to diversify its foreign assets."

Every time Iraq buys more gold. They are adding more value to the net worth of their currency. 

"When gold is set free, so are we."

© Goldilocks

https://www.iraqinews.com/iraq/iraq-maintains-its-30th-rank-with-the-largest-gold-reserves/#:~:text=Baghdad%20(IraqiNews.com)%20%E2%80%93,rest%20of%20its%20other%20reserves.

---

"Due diligence procedures in inquiring about customers of exchange companies category (A, B) and brokerage companies that buy and sell foreign currencies."

Brokerage companies that buy and sell foreign currencies with Iraq and their new registered A&B categorization of the Iraqi Dinar have been given due diligence procedures.

Due diligence procedures includes information gathered about the clients who are participating in an exchange. 

It includes background checks, risk assessment, and more.

© Goldilocks

https://cbi.iq/news/view/2580

https://www.investopedia.com/terms/c/classashares.asp

https://www.signicat.com/blog/customer-due-diligence-cdd-and-its-role-in-banking#:~:text=The%20Customer%20Due%20Diligence%20meaning,terrorism%2C%20and%20other%20illicit%20activities.

AI Overview...

Iraqi Dinar update for 05/16/24 - Iraq is experiencing a renaissance BY PIMPY

IMF Executive Board Concludes 2024 Article IV Consultation with Iraq, 17 MAY

  IMF Executive Board Concludes 2024 Article IV Consultation with Iraq

May 15, 2024

Washington, DC: On May 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Iraq and considered and endorsed the staff appraisal.

Domestic stability has improved since the new government took office in October 2022, facilitating the passage of Iraq’s first three-year budget, which entailed a large fiscal expansion starting in 2023.

 This supported the strong recovery in Iraq’s non-oil economy after a contraction in 2022, while Iraq was largely unaffected by the ongoing conflict in the region. Domestic inflation declined to 4 percent by end-2023, reflecting lower international food prices, the currency revaluation as of February 2023, and the normalization in trade finance. However, imbalances have worsened due to the large fiscal expansion and lower oil prices. 

The ongoing fiscal expansion is expected to boost growth in 2024, at the expense of a further deterioration of fiscal and external accounts and Iraq’s vulnerability to oil price fluctuations. Without policy adjustment, the risk of medium-term sovereign debt stress is high and external stability risks could emerge. Key downside risks include much lower oil prices or a spread of the conflict in Gaza and Israel.

[2] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country's authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

"Q & A " WITH MARKZ, 17 MAY

Mark Z on 5.16.24 

Member: Good Morning Everyone! Have a Terrific Thursday!

MZ: Are you guys ready- are you paying attention and waiting for big announcements or “extraordinary  plans” to be revealed  in Iraq on Sunday-   according to Sudani ?

Member: Not expecting so I can be pleasantly surprised….

Member….MilitiaMan also mentioned this last night.

 

MZ: MM had a good solid video last night….Hope you all listen…… He talks about “Extraordinary  Plans” to be announced –according to Al-Sudani.   On Sunday. Now this has something  to do with the budget. Finishing the 2024 budget.

MZ:  I tell you what- announcing a different rate would sure fix all of those problems including the budget

MZ: We are all praying this means something big. Lots of progress internationally  and MM also talks about the impending ascension to the WTO.

Member: it seems that sudani is under enormous pressure to pull the trigger.. but I'm sure he's making sure that there's no hiccups".

MZ: I continue to hear great things from banks as they continue to train. They say it means we are close but I don’t know what that means timewise 

Member: Close is one of those words I never want to hear again after the RV. Close does not seem to mean what we used to think it meant. 

MZ: “Russia endorses Vietnams future participation in BRICS: Russian ambassador” This is the world doing the fundamentals it takes to change their currencies. We are seeing a seismic shift from fiat back to commodities. This is a big piece of news. And Vietnam is pushing toward that end…like Iraq and it’s with or without the US. . 

Member: Putin said 80% of trade between Russia and china is traded outside the USD

Member: Hey if Vietnam wants to go now I won't stop them

Member: Since Vietnam is doing so well financially on their own, I wonder if  its  possible that vnd could go higher than 50% of iqd?

Member:  has there been a change in how they'll send notifications for redemption center appointments? 

Member: I firmly believe we will not really know until it happens. No sense worrying about something we have no control of. 

Member: Will the VND go at the same time as the IQD?

MZ: We still expect them to go at the same time. 

Member: Could we be in the banks next week?

MZ: If we get a rate on Sunday- IMO we could be in the banks next week.