· Mon. 16 Dec. 2024 Wolverine: The Bond Platforms are getting paid, but it is a very complicated process and some may not be paid until January. Tier4b (us, the Internet Group) is a different story. They are going to Redemption Centers to get paid all at once and likely before Christmas.”
·
Mon. 16 Dec. Elon Musk on X: Iraqi Dinar will be paid at it’s new revalued rate on Tues. 17 Dec. 2024.
· Tues. 17 Dec. 2024 XRP to go live.
· Iraq’s oil-backed Dinar has revalued in-country, with rates confirmed at $3.49 in Iraq and $3.28 in Kurdistan. Rumors swirl that Vietnam’s Dong has followed suit, with classified rates already circulating.
· Mon. 16 Dec. 2024 Jon Dowling: Iraq has completed their reforms and under article 77, all the budget provisions for oil revenues, salaries AND EXCHANGE RATES are covered. It started tomorrow the 17th, through Monday the 23rd.
· GLOBAL CELEBRATION UNDERWAY: Iraq is making waves with a global investment summit in Basra, hosting ambassadors from 140 nations, alongside major players like the World Bank and UNICEF. Insiders reveal these gatherings mark the dawn of a new financial era. Meanwhile, whispers suggest Syria’s currency has revalued, signaling a domino effect across the Middle East.
· BOOM: Florida Moves to Gold and Silver Currency! As the Federal Reserve falters, Florida takes a bold stand, igniting a movement for state-backed currencies. Add to that the Trump administration's explosive plans to make XRP, ADA, ALGO, and HBAR tax-free, and it’s clear the old systems are crumbling.
Exchange rate rises in local markets as dollar selling platform in Iraq nears completion
The dollar exchange rate recorded a new rise today, Tuesday (December 17, 2024), during trading on the main stock exchange and the local market .
Baghdad Today correspondent said that the dollar exchange rate recorded 150.950 dinars for every 100 US dollars in the main stock exchange in the capital, Baghdad .
He added that the selling price in the exchange offices recorded 152,000 dinars, while the buying price recorded 150,000 dinars for every 100 US dollars.
On Wednesday (September 4, 2024), the Central Bank of Iraq revealed the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths consistent with international practices and standards .
The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks ."
Headded that "during the year 2024 and until now, 95% of the transferprocess from the electronic platform to the mechanism of correspondent
banks directly between it and Iraqi banks has been achieved, which meansthat only about 5% of it remains within the platform, which will betransferred using the same mechanism before the end of this year andaccording to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period ."
Hestressed that "trade with the United Arab Emirates, Turkey, India andChina represents about 70% of Iraq's foreign trade as (imports), whichprompted the Central Bank of Iraq to find channels for transfer ineuros, Chinese yuan, Indian rupees, and Emirati dirhams, through approved correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars ."
He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions ."
The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound paths consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who move away from official channels in their dealings, so they bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and others link
GOLDILOCKS: RLUSD Launch TODAY! IRAQ is Already Connected & Needed For The RV
Summary
Goldilocks Global Banking News provides crucial updates on the RV GCR, focusing on Iraq’s connection to the new banking system and the introduction of the Ripple stable coin.
Highlights
🏦 Members are establishing relationships with bankers for currency exchange.
💰 Iraq is rich in gold reserves, enhancing its economic position.
⚖️ The new Quantum Financial System will shift away from fiat currency.
🔗 Ripple’s stable coin, RLUSD, is crucial for future currency exchanges.
⏳ A transition to a new economy is imminent with digital currencies gaining traction.
🎉 Members are encouraged to prepare for significant financial changes ahead.
Key Insights
🤝 Banker Relationships: Members in the Goldilocks QFS dialogue room are proactively meeting with bankers, enhancing their readiness for currency exchanges.
🏅 Gold’s Value: Iraq holds one of the largest gold reserves, positioning itself favorably in the global economy and the new financial system.
📈 Quantum Financial System: This innovative system will replace traditional fiat money, allowing for more secure and efficient transactions.
💳
Ripple Integration: The upcoming RLUSD stable coin is essential for facilitating currency exchanges in the new system, highlighting the importance of digital currencies.
🚀 Economic Transition: The financial landscape is shifting toward digital currencies, indicating a broader acceptance and integration of these new technologies.
📅 Future Preparedness: Goldilocks emphasizes the need for its members to stay informed and ready for significant financial changes in the coming year.
Jordanian Parliament: We are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength
During a meeting with Mahmoud Al-Mashhadani
Jordanian Parliament Speaker Ahmed Al-Safadi confirmed on Monday that his country is happy to see Iraq recovering, and said that it is “the heart of the Arabs and the basis of their strength,” during his reception of his counterpart Mahmoud Al-Mashhadani and the accompanying delegation on a visit after an official invitation.
Today, Monday, the Speaker of the House of Representatives, Dr. Mahmoud Al-Mashhadani, and the accompanying parliamentary delegation arrived at the Jordanian House of Representatives building, in response to an official invitation from the Speaker of the House, Mr. Ahmed Al-Safadi.
The Speaker of the House of Representatives stressed that the Hashemite Kingdom of Jordan has priority in our official visits and is our first destination after our presidency of the House of Representatives, stressing that Iraq needs all its people and brothers and we are committed to standing with the Arab nation in all its issues.
Dr. Mahmoud Al-Mashhadani added that the situation in Palestine today needs a serious Arab stance, which requires concerted efforts to support the rights of the Palestinian people. Likewise, the situation in Syria and Lebanon needs real support and assistance to confront the political, economic and security challenges that these sister countries are going through.
For his part, Mr. Ahmed Al-Safadi welcomed President Al-Mashhadani and his accompanying delegation during the meeting, saying: Today we are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength.
The meeting was attended by a number of representatives, in addition to Mr. Omar Al-Barzanji, the Iraqi Ambassador to the Hashemite Kingdom of Jordan.
The visit aims to strengthen relations between the two brotherly countries in various political, economic and security fields, in addition to discussing regional and international issues of common interest. link
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