Kaperoni
Question: "Assuming this [Digital Dinar] happens, will we need to turn in our currency and allow it to be converted to digital?
If so, where will it be held?"
At some point, you may have to get a dinar denominated account through some market maker or ECN.
Then of course, you could watch the dinar rise or sell it when you want to cash out. But all of that is yet to be determined. No need to get ahead of ourselves.
Reconstruction: Iraq receives international offers to invest in new residential cities
The New Cities Implementation Authority, affiliated with the Ministry of Construction and Housing, confirmed the referral of residential cities in 5 governorates with “integrated” designs, and also confirmed the arrival of international offers to invest in the new residential cities.
The head of the authority, Hamid Abdul Hamad, said in a statement followed by "Ultra Iraq", that "the first phase included the establishment of 5 new cities that were announced, referred, and started, and reached different stages. There are also other cities that were announced, which are 6 cities, and the announcement period will end during the current month, including the city of Mutanabbi in Wasit, the new city of Balad, the city of Salam in the new Najaf, Ur in Nasiriyah, Warka in Samawah, and another city in Al-Majar Al-Kabir, south of Maysan."
Hamad added, "A number of countries have come forward to invest in the new cities through joint companies, including Iraqi, foreign and Arab companies, such as Al-Jawahiri City, which is being implemented in partnership between an Iraqi and Chinese investor, and Al-Ghazlani City in Mosul, which is being implemented in partnership with an Iraqi-Chinese partnership, and on the banks of Karbala in partnership with a Malaysian entity and various Iraqi companies with Arab and foreign banks, in addition to Ali Al-Wardi City for a global investor and Aura Company."
Hamad stressed that “these cities were designed in a way that makes them integrated in all activities, whether housing or other economic activities,” indicating that “the Nahrawan residential city will be implemented on an area of 80,000 dunums, and in several models. The first is to establish different cities with different areas, and develop infrastructure through investment while guaranteeing a share for the state, and this is one of the facilities if the citizen thinks of buying land that is served in all aspects.” link
Bruce
[via WiserNow]
...remember, the rates at the redemption centers will be higher than those at the banks. The only exception that I've heard of on that has been the Vietnamese Dong, the Dong rate at the redemption center yesterday was...
the same as it was in the banks.That's the exception for the rule, the dinar is going to be much higher at the redemption center, because they're going to offer us a contract rate on the dinar.
Washington demands that Iraq dispense with Iranian energy "as soon as possible"
The US State Department called on Iraq to end its dependence on Iranian energy sources "as soon as possible," hours after Washington announced its intention to tighten sanctions on Tehran.
In response to a question about the exemptions granted to Iraq, and whether they would be renewed, the Foreign Ministry indicated that it is reviewing all exemptions granted, according to Reuters.
Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts.
This amount, at its maximum, does not meet the country's electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock.
To solve this crisis, Iraq resorted to importing quantities of Iranian gas, which threatened to expose it to US sanctions, before the United States granted it an exemption that is renewed periodically.
With US President Donald Trump returning to power, he pledged to pursue a policy of "maximum pressure" against Iran. As a result, the Iraqi government asked the new US administration to extend the waiver granted by the previous administration, according to previous statements by Al-Sudani in an interview with the Saudi Al-Sharq channel.
Al-Sudani had touched on the issue of ending dependence on Iranian supplies during the interview, noting that the country plans to completely end gas imports by 2028, adding: “There will be clear energy independence.”
He continued: "Ultimately, we need this exception to continue throughout this period. At the same time, we have started the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers."
This is not the first statement of its kind, but rather comes just days after US Secretary of State Marco Rubio called Iraqi Prime Minister Mohammed Shia al-Sudani, where they discussed Iranian influence in the region, and Rubio urged Iraq to "achieve energy independence."
The new US statement may not mean that Washington will not renew the exemption granted to Iraq, but it indicates increased pressure on Baghdad to get rid of these supplies.
The comments come hours after US Treasury Secretary Scott Besant confirmed that the US would tighten sanctions on Iran, adding that the US would “shut down” the country’s oil sector using “pre-determined criteria and timelines.” He hinted that “making Iran bankrupt again would be the beginning of our updated sanctions policy.”
The Treasury secretary suggested that the United States could work with “regional actors” to help Iran get its oil to market. One of those countries is likely to be Russia, which earlier this week signaled its willingness to help the United States in talks with Iran over ending its nuclear program and its support for anti-American regional proxies.
“Treasury is prepared to engage in frank discussions with these countries,” Bessent said. “We will work to shut down Iran’s oil sector and drone manufacturing capabilities.” link
REINALDO JC
POWERFUL & UNTOUCHABLE
As I previously mentioned from my post below. Donald J. Trump is the most POWERFUL & UNTOUCHABLE person in the world.
Everyone Capitulated to him in his 1st term (2016-2020).
Trump is in smooth control & THE head executor of the main Central Bank which happens to be the Federal Reserves/U.S. Treasury.
I wonder who’s the real FED Chairman
How do you bring down the whole corrupt global debt system so you can replace it? (read article)
Gold shall destroy FED.
Foreign Exchange Department for Commercial Banks.
(not the federal reserves)
How did Trump take control of the Federal Reserve away from the Rothschilds? (read article)
They tried to cheat Trump & the financial system, However; DJT is always 10 steps ahead of the enemy.
Oh yeah…if you don’t think Trump controls {Blackrock/Statestreet/Vanguard} that’s buying up a lot of U.S. assets back from foreign companies to benefit We The People including the Panama Canal I have a rock to sell you.