Saturday, May 18, 2024
Friday, May 17, 2024
"IRAQ: ARTICLE IV 2024 CONSULTATION : STAFF REPORT" BY GODILOCKS, 18 MAY
GOLDILOCKS
Iraq: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iraq
Domestic stability has improved since the new government took office in October 2022. This has facilitated the passage of Iraq’s first three-year budget, which entailed a large fiscal expansion starting in 2023. The non-oil economy has rebounded strongly in 2023 after stalling in 2022 and was largely unaffected by the ongoing conflict in the region.
Nonetheless, Iraq remains highly vulnerable to oil price fluctuations, and private sector activity is hindered by the large state footprint—including as an employer of first resort—corruption, red tape, underdeveloped infrastructure, and poor access to credit. IMF
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DTCC explores posting fund NAV data on blockchain with JPM, BNY Mellon, Chainlink - Ledger Insights
The Depository Trust and Clearing Corporation
DTCC just made public the result of a proof of concept (PoC) test exploring the posting of tokenized funds by setting net asset values (NAV) data onto a blockchain.
In order to reach a real value on an asset, the value of an asset is reached by deducting the asset's
liabilities from the market value of all of its shares. Then, you divide that number by the number of issued shares.
This is what happens in a reset when values across the board on the market have been inflated beyond their actual worth.
Until these calculations are completed across the board of the markets, it's hard to say we are going to have a crash or a rise in values of these new assets that are being tokenized and supported by gold and other commodities.
Forex will go into these equations as well finding representations of a real value for currencies giving them a Level Playing Field in the purchasing power of Global currencies around the world. This will give us a Global Currency Reset.
These correlated calculations will link themselves to the banking system causing the reformation of new values inside our new digital asset-based trading system.
This is the credit valuation adjustment we spoke of about a month ago that was going to start taking place. We are in the testing phase, but these assets will soon be interfaced onto the QFS reflecting new values in the new Financial System.
"The ten participants in the Smart NAV trial were American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JP Morgan, MFS Investment Management, Mid Atlantic Trust d/b/a American Trust Custody, State Street and U.S. Bank." Ledger Insights
© Goldilocks
"RV UPDATE" BY WOLVERINE, 18 MAY
Wolverine
[via Judy Byington]
“I hope you guys are excited. ...A lot of things are happening... Bond Holders will probably get blessed this week. Remember, the bond holders go first, and then the currencies holders. Tier4B will actually be “golden” in a few days, in my own opinion, we are that close right now...
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Wed. 15 May 2024 Wolverine
“I hope you guys are excited. I know it has been very stressful for all of us. Yesterday’s call was not the call I wanted to say to you, because I have been told not to say anything. But what I can tell you tell you that Brazil was to go around 12 pm today, but unfortunately, the World Bank had it postponed, but they will go tomorrow Thurs. 16 May. I will get the call when Brazil starts.
A lot of things are happening. A huge, huge whale in Zurich whom I spoke of is looking fine, and I got the Green Light from that person, and it is looking phenomenal. Bond Holders will probably get blessed this week. Remember, the bond holders go first, and then the currencies holders.
Tier4B will actually be “golden” in a few days, in my own opinion, as soon as Bond Holders are paid, the Tier4B should go straight away. I have a feeling that this is what’s happening. I think this will be sporadic with no announcement – Just going to happen. The announcement will come from your platform, from your whale, or maybe lawyers you are working with, saying you need to go to a redemption center.
In terms of the public -there will be no public announcement. It all depends on what the notifications actually tell you, if they tell you to be quiet or whatever else there is. All is discrete right now. After signing NDAs no one will know who has been paid. I think that is the best way to go, so no one knows who got paid, this way we are protected.
There are a lot of bad apples out there waiting to know if people they DO know got paid or not, and obviously, they do not want people to get harmed. This in my opinion of course. I have not received real confirmation on that. If this is the case, I cannot release the opera as it would be seen as an announcement by me. The main thing is that we all want the blessing and the Med Beds.
And, if it is that way, I will sing the opera for you all at the get together. I might be wrong, remember, I am just a messenger. This may be a shotgun and we go at the same time – we are that close right now, and I hear wonderful news coming from certain people I know in Zurich and Miami. I am praying that this tine Bruce gets it right today. I feel sorry for Bruce – He works hard. It is a roller coaster ride for all of us. I have been wrong so many times. We do not do this on purpose. All Intel providers work hard. Things keep changing – Today, We thought Brazil would happen, and now it is tomorrow. Take care guys, Wolverine.”
Iraqi and Bahraini Ministers Discuss Economic Cooperation in Manama, 18 MAY
Iraqi and Bahraini Ministers Discuss Economic Cooperation in Manama
On Monday, Iraqi Minister of Commerce Atheer Dawood Al-Ghurairi met with Bahraini Minister of Trade and Industry Abdullah bin Adel Fakhro in Manama, Bahrain, to discuss joint economic cooperation and investment opportunities between the two countries. The meeting focused on aspects of collaboration in economic, trade, and investment fields, as well as activating the work of the joint Iraqi-Bahraini committee.
Why this matters: The strengthening of economic ties between Iraq and Bahrain can have a significant impact on regional trade and investment, potentially leading to increased economic growth and stability in the Middle East. Furthermore, this cooperation can also pave the way for other countries in the region to follow suit, fostering a more integrated and prosperous economic landscape.
During the discussions, Al-Ghurairi emphasized the Iraqi government's keenness to open up its economic, trade, and investment relations with all countries, including Bahrain. He highlighted the significant investment opportunities available in Iraq, particularly in the aluminum and food manufacturing industries. "There are great investment opportunities in Iraq, and Bahraini companies can benefit from these opportunities by concluding partnerships between the Iraqi and Bahraini private sectors, which will have an impact on the localization of Bahraini industry on Iraqi territory, especially in the field of aluminum and food manufacturing industries, in a way that serves the joint interests," stated Al-Ghurairi.
The Iraqi Minister also stressed the necessity of activating the joint committee and holding its meetings soon to stimulate trade movement between the two countries. He extended an invitation to the Bahraini side to participate in the upcoming 48th session of the Baghdad International Fair.
In response, the Bahraini Minister expressed his country's desire to open up its economic and commercial relations with Iraq, supporting the interests of both brotherly peoples and exploiting opportunities in the Iraqi market. The two ministers agreed to hold joint committee meetings soon, consistent with the interests of both countries.
The meeting between Al-Ghurairi and Fakhro is part of Iraq's ongoing efforts to strengthen its economic ties with neighboring countries and boost its economy. By fostering partnerships and identifying investment opportunities, Iraq aims to promote trade, attract foreign investments, and drive economic growth in various sectors. The activation of the joint Iraqi-Bahraini committee and the participation of Bahraini companies in the Baghdad International Fair are expected to further enhance the economic cooperation between the two nations.
Key TakeawaysIraq and Bahrain discuss joint economic cooperation and investment opportunities.
Strengthening ties can boost regional trade, investment, and economic growth.
Iraq highlights investment opportunities in aluminum and food manufacturing.
Joint committee meetings to be held soon to stimulate trade movement.
Bahrain invited to participate in the 48th Baghdad International Fair.
"RV UPDATE" BY MARKZ, 18 MAY
MarkZ
[via PDK]
On the banking side there are big expectations for this weekend. Many people saying this. And expecting a big announcement out of Iraq this Sunday. Hopefully this is it. We will find out Sunday or Monday.
Article: “Russia endorses Vietnams future participation in BRICS: Russian ambassador”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.
https://dinarevaluation.blogspot.com/2024/05/q-with-markz-17-may.html
TIDBIT FROM FRANK26, 13 NOV
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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JENTEL RV UPDATE RV NEWS- AA Uriel Payments are being received. They started yesterday in other countries. To meet today's requireme...