Straight Out Of Iraq Central BankIraq Central Bank(CBI) Have Given Their Outlets Instructions On How To Advance Train Their Employees On Foreign Currency Exchange Procedures!!!
This Is Major News & Getting Closer!!!
Later This Month I Will Provide (imo) An Important Post Of When I Think The (#ratechange) Our Blessing Will Occur!!!
…LFG
The links you’ve provided highlight a significant trend in central bank gold purchases, which is shaping up to be a notable aspect of global financial markets in 2024.
Central Banks’ Appetite for Gold
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The LinkedIn article discusses the increased interest of central banks in gold as a reserve asset. It notes that despite substantial purchases, the demand for gold from these institutions remains high, reflecting a strategic shift towards diversifying reserves and potentially hedging against economic uncertainties.
Record Gold Buying in 2024:
The Money Metals article details how central banks have set new records for gold buying in the first half of 2024. It points out that the scale of purchases is unprecedented, which could indicate a significant change in how central banks view gold in their reserve management strategies.
These trends suggest a few key points:
Diversification and Risk Management: Central banks are increasingly turning to gold as a safe-haven asset amid ongoing economic and geopolitical uncertainties. Gold is seen as a hedge against inflation, currency devaluation, and other financial risks.
Long-Term Trends: The continuous high level of gold buying suggests that central banks may be repositioning their reserves for long-term stability rather than short-term gains. This reflects a strategic approach to reserve management in response to evolving global financial conditions.
Market Impact: The increased demand from central banks could influence gold prices and availability in the market. As central banks accumulate more gold, it may tighten supply and potentially drive up prices.
If you're interested in how these trends might affect specific markets or financial strategies, keeping an eye on central bank policies and gold market dynamics will be crucial.
Central Banks Are Stockpiling Gold Like There is No Tomorrow as They Prepare for a Global Currency Reset
As economies around the world face challenges like rising debt and inflation, I think we can all agree that we’re on the verge of a significant financial system shift—a “global currency reset.”
In recent years, there’s been a growing sense that the current global financial system, which relies heavily on paper money (or fiat currencies), is clearly on its path to a logical conclusion in the form of a worldwide systemic crash.
This means that countries will move away from relying solely on traditional fiat currencies like the U.S. dollar and instead turn to something real, like gold, to back their currencies.
To prepare for this possible reset, central banks in various countries have been buying large amounts of gold. They see gold as a safe and reliable asset that can protect their economies if the value of paper fiat currency falls.
This article will explore why central banks are making these moves and what it means for the future of our financial system.
In This Article:
Record Gold Purchases by Central Banks in 2024 Signal Preparation for a Global Currency Reset
Key Factors Driving Central Bank Gold Accumulation
How Gold Will Anchor a Global Currency Reset
The Global Economic Impact of Central Banks’ Gold Strategy
As concerns about the stability of the global fiat currency system grow, central banks around the world are aggressively purchasing gold.
By mid-2024, these purchases had set a new record, indicating preparations for an impending global currency reset.
Central banks added a net 483 tons of gold in the first six months of the year, reflecting a strategic move towards gold as a hedge against the risks of the current financial system
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Record Gold Purchases by Central Banks in 2024 Signal Preparation for a Global Currency Reset
Central banks globally have been on a gold-buying spree in 2024, with a net addition of 483 tons in the first half of the year.
This surge represents a 5 percent increase from the previous record of 460 tons set in the first half of 2023. Despite a slight slowdown in the second quarter, central banks bought 183 tons of gold during this period, a figure that remains historically high.
ALSO READ: https://ai3d.blog/tracking-the-global-shift-of-gold-as-the-east-prepares-for-a-global-currency-reset-gcr/
This activity is largely driven by concerns over a potential global currency reset, as trust in the fiat currency system continues to erode.
Key Factors Driving Central Bank Gold Accumulation
The concept of a global currency reset is gaining traction as central banks increasingly view gold as a safeguard against the vulnerabilities of the current financial system.
Countries like China, India, and Turkey have significantly increased their gold reserves, reflecting their strategic intent to diversify away from fiat currencies, particularly the U.S. dollar. China, which paused its official gold purchases in May and June, is speculated to be acquiring gold off the books, contributing to the demand.
This move aligns with broader concerns about the sustainability of the fiat currency system and the potential for a financial reset anchored by gold.
How Gold Will Anchor a Global Currency Reset
The possibility of a global currency reset is prompting central banks to accumulate gold, positioning it as a key element in a new financial system.
With the fiat currency system showing signs of strain—exacerbated by high levels of debt and inflation in major economies—gold is being viewed as a stable alternative. Poland, for instance, has made significant strides to increase the share of gold in its total reserves to 20 percent.
This strategy reflects a broader trend where central banks are preparing for a possible transition to a gold-backed system, which could offer more stability in a rapidly changing economic landscape.
The Global Economic Impact of Central Banks’ Gold Strategy
The strategic accumulation of gold by central banks is a clear indicator that a global currency reset is on the horizon.
The World Gold Council’s recent survey reveals that nearly 30 percent of central banks plan to add more gold to their reserves over the next 12 months. This widespread interest in gold underscores its value in a future where fiat currencies may no longer hold any level of trust.
As central banks continue to stockpile gold, the global economy will witness a significant shift towards a system where gold plays a central role, altering the dynamics of international trade, investment, and monetary policy.
The Bottom Line
The record-setting gold purchases by central banks in 2024 highlight a growing consensus that the global fiat currency system is approaching its end.
As fears of a global currency reset mount, central banks are turning to gold to protect their economies. This trend suggests that gold will soon become the cornerstone of a new financial system, reshaping the global economic order in profound ways.
It sounds like the Central Bank of Iraq (CBI) is focusing on improving the proficiency of their employees in handling foreign currency exchange procedures. This is a critical area for maintaining financial stability and ensuring accurate and efficient operations in currency management.
If the CBI is providing guidelines or instructions to its outlets for advanced training, it likely involves several key areas:
Understanding Exchange Rate Mechanisms: Employees would need to understand how exchange rates are determined and the factors that influence fluctuations. This includes knowledge of market forces, economic indicators, and geopolitical events.
Procedures for Foreign Currency Transactions: Training would cover the specific procedures for handling foreign currency exchanges, including transaction processing, documentation, and compliance with regulations.
Risk Management: Training would address how to manage risks associated with foreign currency exchanges, such as currency risk, liquidity risk, and counterparty risk.
Regulatory Compliance: Employees would need to be well-versed in both local and international regulations governing foreign currency transactions to ensure compliance and avoid legal issues.
Technology and Tools: Familiarity with the technological tools and systems used for foreign currency transactions, including software for exchange rate calculations and transaction processing, would be essential.
Customer Service: Since foreign currency exchange often involves direct customer interaction, training would also focus on providing excellent customer service and handling inquiries and issues related to currency exchange.
If you need more detailed information on the specific instructions or the training program, you might want to refer to official communications from the Central Bank of Iraq or consult their website for updates and resources
Electronic payment companies all approved exchange companies from categories A and B
Procedures for the work of agents of external transfer service providers
Greetings
Based on the supervisory and supervisory role of this bank. And in order to regulate the with procedures of agents providing foreign remittance services in light of the rapid developments of the financial coal transfer service and to limits to insure for speculation purposes and benefiting from the exchange rate difference.
It is decided that you will obtain valid residency and passports for non-Iraqis (foreigners) for the purpose of completing transfer, provided that these supporting documents represent the minimum requirements and you can request any additional document if necessary to act accordingly. With appreciation.
⚡️ This is more from the CBI detailing procedures for A and B licensed exchange companies performing exchanges for non-Iraqi individuals. This is ONLY f in-country for Iraq. This does not correlate to any reclassifications of currencies (those don't exist remember), or movement of rates. This is simply official notice from the CBI for procedures for bank personnel making the exchanges, they now require a PASSPORT, and valid residency notice. I have also included the recent posts on A/B categorization from here in this channel. So you the reader have a better understanding of what this TRULY means, and not the spin.
…LFG
