For the first time, Google and Facebook pass their bandwidth through Iraq
The Ministry of Communications revealed, on Monday, that Google and Facebook are passing their capacities through Iraqi territory, confirming that this is happening for the first time, while indicating that the transit projects will provide financial returns to the country.
The ministry's spokesman, Omar Al-Amiri, told the Iraqi News Agency (INA): "The ministry has made great strides in strengthening Iraq's geographical position in the matter of transit and passing communications traffic and Internet capacities across Iraqi territory."
Al-Amiri explained that “the Ministry of Communications signed a new contract a few months ago on the transit level, not by sea but by land,” indicating that “this line passes through the south, then the center, reaching the Kurdistan region, and exits to Turkey and connects Asia to Europe via Iraq.”
He added that "the Ministry of Communications fulfilled its promises regarding transit and exploiting Iraq's location after it was disabled in previous sessions," noting that "Iraq's geographical location and its exploitation in international communications traffic and its return to the International Telecommunication Union in a prestigious manner will provide financial returns, in addition to the fact that many international companies will pass their capacities through Iraqi territory."
He referred to the "Road of Civilizations Transit Contract that was signed months ago," noting that "Google and Facebook passed their capacities through Iraqi territory, for the first time in Iraq."
It is worth noting that the Minister of Communications, Hiyam Al-Yasiri, announced on Friday that the threshold of “one tera” had been exceeded in passing international communications through Iraq, confirming that Iraq possesses a safe, attractive and reliable path for transit communications. link
July 12th
Derivative Clearing Organizations DCOs must comply by July 12, 2024. (See Federal Register link below)
The completion of these swap dealer compliance issues in the Forex Market comes at a time when Iraq has just completed their requirements on phase one of their economic reforms.
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July 14th
Central Bank of Iraq will implement a new mechanism for travelers to receive foreign currency (Dollars) which will ve exclusively through companies and banks at outlets at "international airports" which will come in effect on July 14th.
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July 18th
On July 18th, 2024, Iraq is slated to go before the World Trade Organization on access and benefits of trading in the modern world.
Their newly developed regulation paper designed to implement and develop an e-commerce facility will incorporate needed changes in digital asset based trading systems.
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People, I do not know how you can not be excited about this. You have never experienced dates like these since you have been in this investment. Please take stock into where you are at this time and realize the life before that you have never lived is extremely close at any moment to come into fruition.
Zimbabwe Has $370 Million in Reserves to Back Currency - Bloomberg (7/7/24)
Cash and mineral reserves backing Zimbabwe’s new currency have risen to approximately $370 million from $285 million over the past three months, the state-run Sunday Mail reported citing central bank governor John Mushayavanhu.
The increase in currency and mineral reserves provides a strong “buffer” for the Zimbabwe Gold, or ZiG, against external forces, according to the report.
Mushayavanhu said the central bank has been accumulating reserves from royalties of gold and conversion in kind of other minerals such as diamonds, lithium and platinum.
“As a result, the total reserves have progressively increased about 30% from $285 million as at ” to above $370 million as at the end of June, he said.
The southern African country introduced the ZiG, which began trading It replaced the Zimbabwe dollar, which had lost 80% of its value against the greenback this year.
In September 2022, Zimbabwe introduced regulations to compel mining firms to pay half of their royalties to the government in the commodities themselves, as part of measures to build up mineral reserves. Zimbabwe has the world’s third-largest reserves of platinum, and also mines nickel, chrome, lithium and coal.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Welcome to a new week….hope everyone had a wonderful 4th of July weekend
Member: Did you know today JULY 8th is the anniversary of the first time ringing of the Libery Bell in 1776???
Member: Fingers crossed Mark has some great news for us today.
Member: I hope that we will see something on the RV This week?
MZ: Expectations are stinking high for today and tomorrow on the bond side….so will be waiting on updates today.
MZ: The expectation on the bond side is fully spendable funds by tomorrow. Many are expecting updates today.
MZ: I’m expecting a lot of news throughout the week….i am expecting we will have an extremely busy 4-7 days right now.
MZ: There are a number of groups with expectations for around the 12th. Everything appears to be lining up.
MZ: I’m praying this is our week. I have extreme anticipation for this week.
Member: I wonder if the event is postponed because of the hurricane going through the United States?
Member: I wonder -Do all bonds have to be paid in full for exchanges to start?
Member: We were told recently that they need to have paid at least a third of bond folks before we get to start? Who knows if that is still true?
Member: on Jon Dowling,s show it was said that Russia has backed Vietnam to revalue!
MZ: “Vietnam targeting Q3 GDP growth of 6.5%-7%, inflation below 4.5% PM says” And this is just the third quarter. They are obliterating the US….this is big…..and they are under pressure to raise their exchange rate.
Member: will the Hungary pengo or milpengo be in the first basket?
MZ: They are expected to go in the first basket ..but we will not know for certain until we get through the door.
Member: When do we expect the ZIM to go in relation to the Dinar?
Member: We expect it to go at the same time as the dinar and the dong.
Member: "Gold is money. All else is credit.” J.P. Morgan
Member: Happy birthday to everyone having a birthday today.
Stacie Z joins the stream today. Please listen to the replay for her information
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.
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