"RV UPDATE: TWO BANKING ANNOUNCEMENTS" BY GOLDILOCKS, 8 JAN

Two Banking Announcements:

* Basel Committee finds Mexico compliant with its Net Stable Funding Ratio standard and large exposures framework, and largely compliant with its Liquidity Coverage Ratio.

* Assessments find Switzerland largely compliant with the Committee’s Net Stable Funding Ratio standard and large exposures framework.

https://www.bis.org/press/p231213.htm

~~~~~~~~~~

“Mortgage demand plummets again despite drop in interest rates”

Let me give you an idea of just how big the Mortgage Market really is: Residential Mortgage Market Size:  Residential $13.864 trillion. This is not counting Corporations and Business offices.

The Housing Market is still in the process of resetting their prices to coordinate their values with the Banking System’s new Basel 3 Capital requirements being implemented on January the 16th, 2024.  

Look for new market valuations to form in the near term inside this multi-trillion-dollar business. Coordinating real-world values between the markets and the banking system is a phase of the global economic reset that is just beginning to come to a head.

© Goldilocks

FOXBusiness Link
BankingStrategist Link

Iraqi Dinar | Receive A Notification Of $3.22 Tomorrow | Iraqi dinar new...

Coffee with MarkZ. 01/08/2024

Sudani: Using electronic card payment is a key pillar of economic reform vocabulary, 8 JAN

 Sudani: Using electronic card payment is a key pillar of economic reform vocabulary

Mawazine News – Baghdad

Prime Minister Mohammed Shiaa Al-Sudani stressed that the use of electronic card payment is a key pillar of the vocabulary of economic reform.
The Sudanese office said in a statement that “the Sudanese chaired, on Sunday morning, a meeting dedicated to following up the financial and economic transformation to electronic payment, points of sale and financial trading with electronic cards (POS), in the presence of the Governor of the Central Bank, the advisers of the Prime Minister for strategic, economic and banking affairs, and the Director General of Payments at the Central Bank.”
He added, “The Prime Minister listened to a summary of the latest procedures and executive details of the transition to electronic card payment, in various public and private sector institutions, and what is being implemented by the agencies concerned with follow-up and control of transformation and use. ”
Al-Sudani pointed out, during the meeting, that “the use of electronic card payment and digital payment is a key pillar in the vocabulary of economic reform adopted in the government program.”
The statement continued: “The meeting also witnessed the discussion of the tariffs and commissions charged by financial and banking authorities, as Al-Sudani stressed that citizens should be spared additional financial burdens as a result of these commissions, and that the goal is to facilitate dealing and facilitate payment in all fields, while ensuring the highest levels of security.”

https://mawazin.net/Details.aspx?jimare=239994

"RV UPDATE" BY GOLDILOCKS, 8 JAN

 Goldilocks and Seeds of Wisdom

“In response to a surge in attacks on merchant ships, 18 significant shipping companies have opted to avoid transiting the Red Sea, as reported by the International Maritime Organization (IMO). IMO Secretary-General Arsenio Dominguez informed the UN Security Council on Wednesday that a substantial number of companies have rerouted their vessels around Africa to mitigate the impact of attacks on seafarers.”

“While we continue to hope for a sustainable resolution in the near future and do all we can to contribute towards it, we do encourage customers to prepare for complications in the area to persist and for there to be significant disruption to the global network,” it added.

K News Link
Port Calls Link

~~~~~~~~~~

The moment we see a revalued price on gold, at some level all currencies will be partially gold-backed.

© Goldilocks

~~~~~~~~~~

A full revaluation of the gold price to its real value will give us a fully gold-backed system.

© Goldilocks

~~~~~~~~~~

Bank Indonesia (BI) has confirmed plans to move ahead with exploring a central bank digital currency (CBDC) in 2024, with full-scale trials in partnership with leading commercial banks.

Coin Geek Link

Iraqi Dinar How Much Tax You Will Pay on Exchanging Your Dinar Iraqi din...

Al-Rikabi: The path of economic reform is on a rapid pace and with continuous follow-up from the Prime Minister, 8 JAN

Al-Rikabi: The path of economic reform is on a rapid pace and with continuous follow-up from the Prime Minister

The media advisor to Prime Minister Hashim Al-Rikabi, the path of economic reform is proceeding “at a steady pace” and with a continuous follow-up from Prime Minister Mohammed Shia Al-Sudani.

“The path of economic reform is proceeding at a rapid pace and with continuous follow-up by the Prime Minister with the aim of raising the economic reality to advanced levels,” Al-Rikabi said in a tweet on the {Ax}N platform.

“One of the pillars of the reform process is the use of electronic card payment (Pos), and the Central Bank of Iraq points to a significant response from the private sector,” he added.

https://alforatnews.iq/news/الركابي-مسار-الإصلاح-الاقتصادي-يسير-بخطى-حثيثة-وبمتابعة-مستمرة-من-رئيس-الوزراء