After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched. Gold is like a magic remedy for a broken economy.
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GOLD TELEGRAPH
The IMF is now publicly supportive of a gold-backed currency.
Many did not have this on their bingo card.
The foundation is changing.
Judy Note:In my opinionit appeared that Tiers 1 and 2 have been funded and Bond Holders may have received liquidity on Wed. 39 May– the same day they finalized regulations for the Global Currency Reset. Tier 3 was apparently under Non Disclosure Agreements so they may already have liquidity. Tier4b (Us, the Internet Group) could be notified for exchange appointments any time from Sat. 1 June to Tues. 4 June, with a final D Day of Thurs. 6 June. The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June and if not, there was a back wall date of Thurs. 4 July when it was believed that the GCR would be announced to the General Public.
Thurs. 30 May 2024 Wolverine: “Beautiful news came through this morning that we were going to start tomorrow Fri. 31 May. We’ve heard this before but I’m praying that it becomes a reality tomorrow. It is a process which should be finished by June 15th.Thurs. 6 June is D Day.”
Thurs. 30 May 2024 Bruce (by Sue): High Sources says 800 numbers today or tomorrow Fri. 31 May and could kick off on Sat. 1 June.
Thurs. 30 May 2024 Bank Story, Anon: “Today at 3am my wife got a text message from Santander Bank stating that her Google pay setup using the Santander Card had been cancelled. I spoke to the tech support and asked him are you on QFS? He said yes they are on Quantum Financial System. That Santander was on the QFS was very exciting news.”
Iraq has gone live also in conjunction with the US.
The National Bank of Iraq has gone live with Temenos core banking and payments, aiming to develop new products faster and optimise the customer experience.
Following this announcement, the National Bank of Iraq (NBI), which is a part of the Capital Bank Group, has successfully launched Temenos core banking and payments.
This integration will focus on meeting the needs, preferences, and demands of customers in an ever-evolving market, while also prioritising the process of remaining compliant with the regulatory requirements and laws of the local industry.
...we read three articles about the CBI official rate equaling the Parallel or Black market rate in the coming days. WOW!...Saleh, the prime minister’s financial advisor, then goes on to say this will make one dinar equal to one dollar in Iraq. WOW! ...I was told by my CBI contact months ago to watch for right before the CBI makes one more “official” rate change closer to 1000 from 1320. If you take 1000...and delete the three zeros 1000 what do you have? Of course, you have a situation of 1 dinar equals 1 dollar...But I believe that when they CBI does make this next official rate change it will move closer to 1166 and not 1000 which would make 1 dinar = 1.16 dollars just over a dollar to help the banks retrieve these dollars hoarded outside of the banks... Let’s sit tight and watch this play out.
Samir Al-Nusairi, the Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy...CBI announces it has completed the first phase of it by...building solid international banking relationships with international banks and correspondent banks. Get ready….
The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear.
So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming...Folks, it is now EXPLODING!
So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...
In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open!...The reinstatement is coming...Folks, it is now EXPLODING!
Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or...export more products...
China: We support the development of Iraq's economy and are confident of securing our companies and individuals working there
On Wednesday, Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fouad Hussein, held discussions with Wang Yi, member of the Political Bureau of the Central Committee of the Communist Party and Minister of Foreign Affairs of the People's Republic of China, on the sidelines of the tenth session of the ministerial meeting of the Arab-Chinese Cooperation Forum currently held in Beijing.
During the meeting, Chinese Foreign Minister Wang Yi renewed his welcome to accept the invitation to visit Iraq, and also welcomed the holding of the joint Iraqi-Chinese committee meeting scheduled to be held in Baghdad.
The meeting discussed many bilateral issues of common interest between the two countries, including political, economic and military issues. China is Iraq's first trading partner and one of the largest importers of Iraqi crude oil, and it has a large number of companies working in various fields to advance the Iraqi economic situation.
Hussein touched on the development project launched by the Iraqi government, which links Iraq from the port of Al-Faw to Turkey and Europe in the north, and the possibility of aligning this strategic project with the Chinese Belt and Road Initiative, which Iraq joined in 2015.
Hussein stressed the Iraqi government's efforts to diversify the sources of the economy in the fields of agriculture and religious tourism, and called on Chinese companies to invest in the field of alternative energy and gas, noting that Iraq will play an important role in investing in associated gas. They also discussed banking and financial cooperation between the two countries, as well as China’s support for Iraq to obtain financial financing for investment in infrastructure projects from the Asian Infrastructure Investment Bank, especially in development road projects. The two sides appreciated the diplomatic efforts in opening the Iraqi Consulate General in Guangzhou and the Chinese Consulate in Basra, as well as welcoming the opening of the Beijing-Baghdad line of Iraqi Airlines.
Wang Yi stressed China's continued support for Iraq's efforts to preserve its sovereignty and develop its economy and in the field of combating terrorism and rejecting all foreign interference. He also expressed his confidence that Iraq will provide security guarantees to Chinese institutions, companies and individuals working in Iraq.
For his part, Fouad Hussein stressed the ongoing cooperation between the two countries in the field of mutual support for international positions, pointing to Iraq’s important role in improving relations in the countries of the region, especially in bringing the views between Saudi Arabia and Iran closer. He appreciated the Chinese efforts on all pivotal issues, including the Palestinian issue and its decisions. link
