"THE MONETARY REFORM IS MARCHING FORWARD WITHOUT ANY OBSTACLES" BY FRANK26

KTFA

frank26: "THE MONETARY REFORM IS MARCHING FORWARD WITHOUT ANY OBSTACLES"

Baghdad calls on Washington to reconsider its sanctions on 32 Iraqi banks

7/12/2024

 Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, met today, Friday, with the US Under Secretary of the Treasury for Terrorism and Money Laundering, Brian Nelson, in the presence of the two accompanying delegations at the ministry's headquarters in Washington, DC. During the meeting, the issues that the two parties are working on according to their previous reform agreements were discussed.

 

The Minister of Foreign Affairs confirmed, according to a statement by the ministry, a copy of which was received by {Euphrates News}, "the Iraqi government's commitment to moving forward with its reform and economic measures related to the Iraqi banking system and the energy sector."

He explained that the government's policy seeks to achieve Iraqi energy independence through associated gas investment projects, and to develop the working mechanism of Iraqi banks in line with international standards to ensure transparency and provide open data, which enables banks to provide the services needed by the Iraqi people. He called on the American side to reconsider the sanctions imposed on about 32 Iraqi banks, as they were involved in the structural reform process.

Hussein pointed out that the stability of the Iraqi dinar exchange rate against the US dollar represents a fundamental pillar for achieving economic, social and political stability in Iraq, which is what the government seeks to achieve, calling on the relevant American institutions to review it and build on it.

For his part, Nelson praised the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces.

He stressed that the relevant American institutions understand the seriousness of the Iraqi government in modernizing the work mechanisms in Iraqi institutions, expressing the American side's readiness to help Iraq address the obstacles that hinder its reforms, which will have a positive impact on the Iraqi economy.

LINK

RV UPDATE BY SANDY INGRAM, 14 JULY

  Sandy Ingram 

 When you invest [your dinar profits], more than likely your financial advisor is going to recommend business ventures that will create a cash flow to uphold your lifestyle.  If it takes a moment or two to generate income  from your investments, keep working people until it happens.  You don't want to live off of your initial investments.

Sandy Ingram 

 Iraq has the the largest foreign currency in the country's history.  I has also amassed a small fortune in gold and made significant strides in developing the country.

Sandy Ingram  

The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value.

 If the Iraqi dinar revalued next week are you ready? ...Understanding this one fact, you will  do just fine.  The wealthy never never ever spend their bases or the foundation of their wealth.  In your case this would be the  profits from your Iraqi dinars...Wealthy people invest their initial profits.  The first person they hire is a financial advisor.  The second...is a tax professional...to make sure Uncle Sam doesn't get large sums of their money.  If you do anything else you are in the fast lane to going broke.

Article:  "JSC: The government has successfully completed the sale of securities"  Quote:  "

The government has successfully completed the sale of financial bonds...all the financial bonds that were sold, were all subscribed...This reflects the strength and stability of the State of Iraq." 

 Government bonds are a type of debt-based investment, where you lend money to the government at an agreed interest rate.  Governments use them to raise funds that can be spent on infrastructure or new projects and investors can use them to get specific returns paid at regular intervals...

https://dinarevaluation.blogspot.com/2024/07/latest-from-sandy-ingram-8-july.html

"IRAQI DINAR CBI BIG ANNOUNCEMENT ABOUT IQD RV"/iraqi dinar news today 2...

MP Al-Karawi accuses the region of not adhering to the provisions of the three-year budget

 On Friday, MP Mustafa Al-Karawi said that the Kurdistan Region didn’t follow the rules in the budget for three years.

Al-Karawi told , “The three-year financial plan incorporated a few things connected with the Kurdistan District, however not a solitary one of them have been focused on yet, taking note of that the locale has huge credits owed to the focal government that should be paid. ”

He demanded a “comprehensive review in order to implement the law, noting that the employees’ paper is a method of pressure on the federal government that the region is adopting to achieve financial gains,” and he said that this was necessary in order to implement the law.

He brought up that “setting up texts that oblige the locale to send out oil through SOMO is a significant positive development.”

'QFS CONVERSATION" WITH GOLDILOCKS, 14 JULY

GOLDILOCKS

The London Bullion Market Association and the World Gold Council have recently been advocating for gold to become a High Quality Liquid Asset.

The LBMA has done their research, and they gave to the Bank of International Settlements a "working paper" that provides the benefits of reclassifying gold from a Tier 1 asset to a Sound Money regimen. If accepted, gold would be seen as money. 

From what we are seeing inside a Basel 3 banking system that is about to come into play, this is certainly the next moves. In order for money to have a Level Playing Field with Tokenized Assets that are backed by gold, this is just simply the next step. 

Reclassifying gold as a High-Quality Liquid Asset (HQLA) improves liquidity, enhances market stability, creates trust and confidence in the financial system, provides overall economic and financial stability, and regulatory compliance benefits. 

The LBMA and WGC believe that gold meets the criteria of an HQLA under Basel III regulations. They list several reasons that support gold's classification as an HQLA such as: 

*Gold's “high credit standing” 

*Gold's “low legal risk” 

*Gold's “denomination in USD” 

*Gold's “low volatility” 

*Gold's “negative correlation with risky assets” 

*Gold's “active and sizable market” 

On April 11, 2023, Arkansas moved to recognize gold and silver as legal tender, with the “Arkansas Legal Tender Act”. This act allows the use of all forms of gold and silver bullion to pay off debts. 

"Following the lead of the Utah Legal Tender Act of 2011, already 43 US States have adopted legislation that simplifies the use of gold and silver coins as money. This comes straight from Article I Section 10 of the Constitution, which states: “No State shall ... make any thing but gold and silver coin a tender in payment of debts.” 

Take a close look at the new digital asset based trading system often referred to as the Quantum Financial System. Everything turns to gold and the use of it is just simply Sound Money.

Gold will set us free. 

© Goldilocks 

https://gjepc.org/solitaire/lbma-wgc-advocate-for-reclassifying-gold-as-high-quality-liquid-asset-under-basel-iii/

https://www.11onze.cat/en/magazine/impact-basel-gold-market/

https://www.11onze.cat/en/magazine/central-banks-get-ready-new-gold-standard/

https://www.arkleg.state.ar.us/Bills/Detail?id=HB1718&ddBienniumSession=2023%2F2023R

https://www.forbes.com/sites/nathanlewis/2023/11/07/us-states-leading-the-move-to-a-golden-dollar/

RV Update Of Iraqi Dinar By MNT Goat Today 2024🔥iraqi dinar news today🔥 ...

Al-Faiha oil field production expected to increase to 100,000 barrels per day

 On Friday, the management of the border Al-Faiha oil field predicted that during the month of August, production capacity would rise to 100,000 barrels per day.

Field chief Mohammed Taher said in an explanation got by , “The field is on the line with Iran and current creation has arrived at 80 thousand barrels each day and it is trusted that the limit will increment to 100 thousand barrels each day next August.”

Taher added, “The field comprises of two protecting banks, Bank An and Bank B, each bank has 50 thousand barrels each day, and the quantity of wells in the field has arrived at 43 wells, 36 wells underway, and a trial water infusion well, and the rest are recovery wells that are not yet associated with the station.”

He noted that “the field produces two lines of liquid and dry gas, and that the production capacity of liquid gas has reached approximately 1,100-1,480 tons per day, and the production of dry gas is approximately 98 MCM,” and that “the gas flaring cessation project will be completed by the end of this year, and that the gas processing capacity is 130 MCM per day.”

“The field consists of seven branches, including the reservoirs, wells, projects, production, administrative, legal, and security branches,” Taher said, noting that “the total area of the field is 865 square kilometers” and that “the cadres work in morning and evening shifts.”