MAJEED: THEY DID IT ON THE NEW RATE ALSO ADJUSTED THE OIL PRICE TODAY!!, 9 DEC

 MAJEED

WOOOOOOOOOOOOOOOOOW Finance committee held the budget TODAY Which mean they did it on the new rate also adjusted the oil price

--

Central Bank of Iraq meeting today The meeting, led by the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and representatives from the Innovation Center at the Dubai International Financial Center, focused on fostering cooperation in various areas: 1.Innovation and Entrepreneurship: Promoting collaboration in financial technology, artificial intelligence, and advanced infrastructure. 2.Banking Systems and Payments: Supporting innovation in banking and electronic payment solutions, and creating opportunities for startups to access Iraqi, regional, and global markets. 3.Capacity Building: Developing training programs to enhance Iraqi expertise in global financial technology trends and regulatory cooperation. 4.Strengthening Partnerships: Encouraging collaboration between financial institutions, startups, investors, universities, and other institutions to support entrepreneurship. http://5.Vision for Digital Transformation: Committing to building a digital economic system and comprehensive financial structure based on technology and innovation. sounds like CBI is ready to go

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

 

FRANK26: "LIKE I SAID, SUDANI'S IN CONTROL OF EVERYTHING, 9 DEC

 KTFA

FRANK26: "LIKE I SAID, SUDANI'S IN CONTROL OF EVERYTHING".......F26

Guterres' representative: Iraq today is more secure and stable, and its government has succeeded in keeping it away from conflict

 

12/5/2024

 

The UN Secretary-General's Representative in Iraq, Mohammed Al-Hassan, said that Iraq today is more secure and stable and that its government has succeeded in keeping it away from conflict.

Al-Hassan said in a speech during a Security Council session, which was followed by Shafaq News Agency, that"Iraq, the country of civilizations, is capable of overcoming crises towards a more stable and brighter future."

He pointed out that "the Iraqi government succeeded in keeping Iraq away from the conflict, and that "Iraq succeeded in conducting the important population census, and I followed up on that with Prime Minister Mohammed Shia al-Sudani."

Al-Hassan continued, "Prime Minister Mohammed Shia al-Sudani worked to invest in multiple projects in Iraq to develop bridges, schools, and transportation networks."

LINK

FRANK26: TEXAS CHASE BANK STORY, 9 DEC

 Frank26 

 [Texas Chase Bank Story] 

 This is a bank story at the next level.  It's no longer a scam.

  It's no longer they don't want to talk to you.  It's, we want to talk to you as quickly as possible.  

MR. DON: Mid-summer...

I had a small and seldomly active account...I brought up the subject of the dinar and the fact that I thought it was going to be a significant increase in value...

She said, I've heard some chatter about that and I've had a number of customs come in and inquire. 

 I'm not sure what's going on...I asked her, any event that occurs do you expect you would be involved in exchanging?  

MAJEED:"IRAQ WILL POST THE HCL AND BUDGET WITH RATE IN THE GAZETTE ON SUNDAY/MONDAY @DINARREVALUATION

 

GOLDILOCKS: ALIGNMENT OF IRAQ WITH THE GLOBAL ECONOMY , A STEP NEEDED TO BE DONE BEFORE THE RV, 9 DEC

 GOLDILOCKS

"In a world increasingly defined by digital finance, Iraq has taken a transformative step with the Digital Payment Regulation No.2 of 2024. This landmark policy marks more than just regulatory progress; it signifies a realignment of Iraq’s financial infrastructure with global standards."

Iraq is aligning their Banks with Digital Global Standards as seen in their new digital payment regulation below. It is important to note that the US is doing something very similar. This new standard will help Iraq govern their new digital banking system.

Digital Payment Regulation No.2 of 2024 in Iraq is intended to help the country's financial sector align with global standards and reduce its reliance on cash. This regulation will help create a more transparent and secure financial system that could make Iraq more attractive to foreign investors.

The regulation also requires entities that offer electronic payment services to obtain a license from the Central Bank of Iraq (CBI). These licenses are valid for ten years and can be renewed upon request and approval. 

Digital Payment Regulation No.2 of 2024 helps align a country's digital payment system with global standards by establishing clear regulations and oversight for large digital payment providers, ensuring consumer protection, combating fraud, and promoting consistency in how digital payments are handled across different markets, effectively bringing them "in line" with international practices. 

The Consumer Financial Protection Bureau (CFPB) in the US has implemented a similar regulation, "Digital Payment Regulation No.2 of 2024," which aims to bring large digital payment apps under their regulatory umbrella, ensuring consistency with global practices and protecting consumers. This has reached the Final Rule stage which means it is in process of being implemented into law this month.

"Iraq now possesses advanced infrastructure capable of accommodating electronic payment tools and financial services. We will soon transition to digital banks, where smartphones will drive various banking operations." 

In other words, Iraq is restoring their banking system (monetary policies) to a former state of alignment with the Global Economy. 

© Goldilocks

TIDBITS FROM MARKZ, 9 DEC

 MarkZ 

  [via PDK]

   Vietnams Trade surplus has strengthened and they will be pushed to increase the value of their currency.

Their currency just isn’t strong enough which allows them an unfair advantage in international trade. 

Article:  “Vietnams soaring US trade surplus stokes new fears of Trump’s tariffs”  Will they scale back in trade or will they “raise the value” of the dong in comparison with the dollar?  Leveling the playing field. They are actively talking about raising the value of their currency.