Iraq-What a Coincidence
…LFG
Railways: Installing Electronic Payment Devices At Passenger Ticket Reservation Stations
Time: 05/17/2024 Read: 754 times {Local: Al-Furat News} The Ministry of Transport announced today, Friday, the installation of electronic payment devices at passenger ticket reservation stations.
The Director General of the General Company for Iraqi Railways, Younis Al-Kaabi, said in a statement, a copy of which was received by {Al-Furat News}, that “according to the directives regarding the transition from cash payment to electronic payment and the confirmations of the Minister of Transport on the application of the electronic payment system in all formations of the ministry, payment devices have been installed and activated.”
Electronic exchange by the exchange company and the Arab company, by providing one or two devices in fourteen stations to reserve passenger train tickets.
He added: "Electronic payment has been activated for eleven administrative regions (the cashier unit), and workers within the cashiers and employees of the ticket reservation units have been trained on the devices by the electronic payment team at the Railways and the teams of the exchange and Arab electronic payment companies." LINK
ACCORDING TO MR.C
MarkZ’s show this morning ….
The stock market will be closed for 1 or 2 days. It will not crash as the Chinese Elders don’t want that to happen.
~ Thank you for this highlight, VE Admin Extraordinaire 5.17.24
----
💢 Thanks for the update HS Quan, Liberty Lounger Extraordinaire 💥 5.17.24
💢Per Mark Z 5/17/24 PM news - bankers getting trained on currency exchange and won’t be done aka return to work till Wed 5/22/24
… doesn’t mean we go 5/22.
New American Positions Towards Resuming The Export Of Kurdistan Oil... And Foreign Companies Set A Condition
05-17-2024 | 4,488 views Alsumaria News – Economy The US State Department confirmed the continuation of its contacts with officials in Baghdad, Ankara, Erbil and American companies, to resume oil exports from Kurdistan through the Turkish port of Ceyhan, while foreign companies operating in Kurdistan confirmed that they are ready to resume exports on the condition that their funds related to previous and future exports are guaranteed.
Deputy Spokesman for the US State Department, Vedant Patel, said in a press conference held in Washington, “Developing different ways to deliver Iraqi energy to global markets is in the interest of Iraq and the United States,” noting that “we are in direct and continuous contact with officials in Baghdad, Ankara, and Erbil.” And American companies affected by the cessation of oil exports, in relation to the opening of the Iraqi-Turkish oil pipeline.”
Meanwhile, Assistant Secretary of State for Energy Affairs Jeffrey Pyatt was visiting Erbil, and he said during his visit that today’s visit left a strong impression on me regarding the abundance of energy in this region, its importance for achieving energy self-sufficiency in all of Iraq, as well as the extent to which we face... They all have some of the same challenges.”
For its part, the Federation of Foreign Petroleum Companies Operating in Kurdistan said that it welcomes the visit of the US Assistant Secretary of State for Energy Affairs, and that the companies are ready to resume exports, provided that agreements are reached that provide for ensuring payment for previous and future exports and maintaining commercial and economic conditions.
Miles B. Caggins, the official spokesman for the Kurdistan Oil Industry Association, said: “Ambassador Bayat’s visits to both Baghdad and Erbil underscore the importance of immediate and cooperative action by all stakeholders to restore exports through the Iraq-Turkey pipeline.” He
stressed that “the companies remain members .” APICOR is keen to resolve the export impasse and would welcome the invitation to participate in this process.” LINK
What is The Unit? BRICS Unveils Its Grand Plan for a New Gold-Backed Financial System
On May 17, 2024
By Awake-In-3D
The Unit’s structure, anchored in gold and BRICS+ currencies, provides for de-dollarization, along with a stable and decentralized monetary framework.
In This Article:
In 2024, the global financial landscape is poised for a significant transformation with the introduction of a groundbreaking concept: it’s called the Unit.
A boring and unremarkable name, but it makes total sense and it’s financial implications will be profound.
Proposed by the financial services and investments working group of the BRICS+ Business Council, the Unit aims to establish a decentralized monetary ecosystem.
Expected to become official BRICS+ policy by 2025, the Unit seeks to address critical geoeconomic issues, particularly the global crisis of trust in existing monetary frameworks.
Introduction to the BRICS+ Unit
The Unit, conceptualized by Alexey Subbotin, founder of Arkhangelsk Capital Management, is designed to tackle the inherent flaws of centralized monetary systems established over 80 years ago at Bretton Woods.
This financial sovereignty is particularly appealing to countries seeking an alternative to the current centralized, dollar-based systems.
These flaws include chronic deficits, speculative bubbles, politically motivated sanctions, and a lack of fair arbitration.
The Unit proposes a reliable, quick, and economically efficient solution for cross-border payments, functioning as a new form of international currency issued in a decentralized manner and regulated at the national level.
Addressing Global Financial and Payment Issues
The current global financial system faces numerous challenges, including speculative bubbles and politically motivated sanctions.
The Unit aims to address these issues by providing a decentralized monetary framework that is both reliable and efficient for cross-border payments.
By doing so, it tackles the root problems of chronic deficits and lack of fair arbitration, offering a solution that can restore trust in the global financial system.
Economic and Political Benefits
The Unit offers numerous benefits, particularly for the Global Majority, by providing a form of apolitical money. It aims to harmonize trade and financial flows, maintaining independence from political pressures.
This financial sovereignty is particularly appealing to countries seeking an alternative to the current centralized systems. The Unit’s structure, anchored in gold (40%) and BRICS+ currencies (60%), provides a stable and trustworthy monetary framework.
Technological Features and Adoption Prospects
Technologically, the Unit is designed to be compatible with both traditional banking operations and the newest forms of digital banking.
It aims to upend unfair pricing in commodity trading by establishing the Eurasian Mercantile Exchange, where trading and settlement can be conducted in this new currency.
This approach facilitates the development of new financial products for foreign direct investment (FDI), bridging trade flows and capital.
The Unit employs distributed ledger technology to ensure transparency and prevent capital controls or exchange rate manipulation.
This technology allows connections to all open decentralized exchanges (DEX) and digital platforms operated by both commercial and central banks worldwide.
The end goal is for everyone to use the Unit for accounting, bookkeeping, pricing, settling, paying, saving, and investing.
Implementation Timeline and Adoption Prospects
The BRICS Business Council has already backed the Unit, and it is on the agenda for the upcoming ministerial meeting in Russia.
The roadmap for its adoption will be discussed at the BRICS+ summit in October 2024 in Kazan.
With the potential for implementation as early as 2025, the Unit presents a feasible technical solution for creating a globally recognized payment and trade system immune to political pressure.
The Bottom Line
The Unit represents a groundbreaking approach to addressing the shortcomings of current centralized monetary systems.
By offering a decentralized, apolitical currency, it promises economic and political benefits for the Global Majority. Its technological innovations and potential for wide-scale adoption position it as a key player in the future of global finance.
Stay tuned! More articles on all of this, and what it means are coming soon.
Supporting article: The coming of a BRICS decentralized monetary system.
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