Thursday, January 23, 2025
ALLAWI REVEALS THE PARTIES THAT OWN THE IRAQI DINAR AND ARE READY TO BUY THE DOLLAR BY ANY MEANS, 23 JAN
ALLAWI REVEALS THE PARTIES THAT OWN THE IRAQI DINAR AND ARE READY TO BUY THE DOLLAR BY ANY MEANS
The former Iraqi Minister of Communications, Mohammed Tawfiq Allawi, revealed today, Monday, a proposal to solve the problem of conflicting exchange rates of the dollar, indicating that this would protect the economy and maintain the stability of commodity prices in the markets,
while at the same time pointing to groups he called the third party that possess many Iraqi currencies and are ready to buy the dollar by any means.
“There is more than one problem, and the most important issue is the difference in currency exchange rates. In my opinion, this problem can be solved easily through an ideal method. We have more than one party that needs the dollar.
The first is merchants and people who import goods, and the second party is travelers. This difference can be resolved with the exchange rate. Parties that need money for trade can open a credit at the official price,” Allawi said in a statement to Noon News Agency.
He added, “There is a third party, most of whom are unfortunately corrupt, and they have a lot of money in dinars and need dollars. They are ready to buy dollars by any means, and thus they are outbidding the market price. There are facilities for anyone who wants to sell his property and he lives outside Iraq. He can easily transfer his money according to the official exchange rate, and there is no problem.”
He explained, “This difference in exchange rates is at the expense of the citizen, as he is the loser, and the price of the Iraqi currency has decreased, and consequently the price of goods has increased. Knowing that we can easily import all goods by opening a credit or another method called cash before shipping documents, and this maintains the balance of prices, but because the corrupt class exists and needs the dollar, this is what caused the difference in the price of the currency.”
GOLDILOCKS: 🚨BREAKING NEWS: President Trump IN-COMING Crypto Regulations Need for RV + 2 New Bank Stories, 23 JAN
🚨BREAKING NEWS: President Trump IN-COMING Crypto Regulations Need for RV + 2 New Bank Stories
Highlights
Summary
In this engaging episode of Goldilocks Global Banking News hosted by Freedom Fighter, the discussion revolves around the latest developments in the global banking system, particularly focusing on the Revaluation of Currencies (RV) and Global Currency Reset (GCR).
The host emphasizes the growing community of members who are successfully establishing connections with wealth managers and tier-one banks to manage and grow their generational wealth effectively.
A notable story shared by a community member highlights the proactive steps taken to find a suitable bank, leading to the setup of a comprehensive wealth management team.
The episode further delves into the significance of Ripple’s advancements in the Forex market, its near-global coverage, and the regulatory changes expected with the return of Donald Trump to the White House.
The collaboration between major financial institutions, particularly between the U.S. and Europe, is positioned as a crucial factor for the forthcoming digital banking system and the potential for currency exchange. The episode concludes with an optimistic outlook on future developments, urging viewers to stay informed and engaged with the evolving financial landscape.
- 🌍 Global Community Expansion: The Goldilocks community is rapidly growing as members connect with wealth managers and tier-one banks.
- 📈 Wealth Management Success Story: A member shares their experience of establishing a wealth management team after a two-hour drive to a tier-one bank.
- 💱 Ripple’s Dominance: Ripple Payments covers over 90% of the daily Forex market, facilitating global transactions.
- 🤝 Collaborative Regulations: New York and Bank of England are working together to align global crypto regulations, enhancing financial system confidence.
- 📊 Shift in Regulatory Frameworks: The appointment of pro-crypto officials under President Trump signals a shift in regulatory approaches toward digital assets.
- 🔗 Interconnected Global Banking: Countries like Iraq and Vietnam are linked to the evolving digital banking system, indicating a global shift in currency exchanges.
- 🚀 Optimistic Future Outlook: The episode concludes with a call to action for viewers to stay tuned for upcoming changes in the banking system.
Key Insights
- 🌐 Community Empowerment: The growing network of individuals establishing relationships with wealth managers indicates a shift toward financial empowerment and education. This community-centric approach offers members the support and knowledge needed to navigate the complexities of wealth management, which is crucial in uncertain economic times.
- 💼 Personalized Wealth Management: The story of the community member reflects the increasing accessibility of wealth management services, previously reserved for high-net-worth individuals. This democratization of financial services allows more people to benefit from expert advice and tailored financial strategies, promoting long-term wealth creation.
- 💳 Ripple’s Strategic Positioning: By capturing a significant share of the Forex market, Ripple is positioning itself as a vital player in the future of global payments. Its infrastructure allows for efficient currency transactions, which is essential as the world moves towards more digitalized banking systems. This solidifies Ripple’s role as a backbone for future financial transactions.
- 🌍  ;Regulatory Alignment Across Borders: The collaboration between key financial centers such as New York and London demonstrates a strategic move towards unified regulations in the cryptocurrency space. This alignment is critical for enhancing global financial stability and encouraging investment in digital assets, fostering an environment of trust among investors.
- 🔄 Evolving Regulatory Landscape: The transition to a more crypto-friendly regulatory environment under President Trump suggests a significant shift in how cryptocurrencies will be treated legally. This could pave the way for broader adoption of digital currencies and create a more secure framework for investors, which is crucial for the long-term health of the cryptocurrency market.
- 📉 Global Impact of Currency Revaluation: The interconnectedness of global currencies underscores the importance of being aware of developments in different regions, including Iraq and Vietnam. As these currencies undergo revaluation, it is essential for investors to understand the global implications and potential opportunities that may arise from these changes.
- 🔮 Future Developments and Opportunities: The optimistic tone of the episode suggests that significant changes are on the horizon. By urging viewers to stay engaged with the unfolding developments in the banking and financial systems, the host emphasizes the importance of being informed and prepared for the potential opportunities that may accompany the transition to a new digital banking landscape.
In conclusion, this episode of Goldilocks Global Banking News presents a multifaceted exploration of the current state and future prospects of the global banking system, particularly in relation to the RV GCR. The insights shared reflect a dynamic landscape where community empowerment, technological advancements, and regulatory changes converge, offering both challenges and opportunities for individuals seeking to navigate their financial futures in an increasingly digital world.
Wednesday, January 22, 2025
“AUCTION DOES NOT BUILD THE ECONOMY” by Khalil Ibrahim Al-Abidi, 23 JAN
“AUCTION DOES NOT BUILD THE ECONOMY” by Khalil Ibrahim Al-Abidi
1/21/25
“AUCTION DOES NOT BUILD THE ECONOMY”
by Khalil Ibrahim Al-Abidi1/21/25The mission of the world’s central banks is to control the rhythm of the economy, by controlling the interest rate, not by auction.
It is the bank of banks, working through clearing and opening credit, and ensuring the protection of the country’s currency from damage and decline against other currencies.
It issues a currency whose value is evaluated in gold, not in the currency of others, upon request. The auction is an innovation of Bremer since the occupation, and we have become accustomed to the mistake and it has become a lifeline.Gentlemen…
The Central Bank did well recently and left the auction platform, and returned to respect its currency, which is the dinar. ……What is required today, as we are at the beginning of the year, is to think carefully about what the repercussions will be, and to return with determination to the documentary cycle in imports, and to work without selling the currency by opening credit for those who want to import, by relying on our government banks after purging them of corruption and identifying correspondent banks for those who carry sobriety and integrity of correspondence, and finally determining the scale of priorities when importing and encouraging national production and exploitation of raw materials,
and imposing exorbitant fees to protect industries and the rest of the products.Working to follow up on what is imported under the import license and ridding the country of the decline of its currency and the danger of imports, and the most important step is to zero out the dinar, and buy the 1,250 old dinars for one dinar of the new currency during the exchange after printing the one dinar denomination, and the value of one dinar will be one dollar through the documentary import cycle, and we have sufficient revenues in addition to the sovereign reserves. Making the value of one dinar equal to one dollar
will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of safety.
FIREFLY: Everybody waits for the new exchange rate! WE ARE CLOSE!!, 23 JAN
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Mr Sammy says...Amendment of Article 12 has nothing to do with the rate change. Article 12 is for the Kurds to get their money to cover their cost of extracting and transportation of salaries for the oil...Next they say we will have the budget tables.
FRANK: That means the budget now is going to be read line item by line item by line item and the only way to fund those line items...
The funding will have to be based on a different exchange rate because you cannot fund this budget at a program rate...Everybody waits for the new exchange rate. Everything waits for it...
FIREFLY: We are very very close.
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