Frank, Pimpy, Currency365 and more....Wednesday Afternoon 10-14-2020
KTFA:
Samson: After China and Europe, Russia is considering issuing its digital currency
14th October, 2020
Russia's central bank said on Tuesday it was considering issuing a digital ruble alongside the cash ruble to facilitate payments to individuals and businesses, and added that the new digital currency would need a new payment infrastructure, ultimately strengthening the country's payment system.
"The digital ruble, if applied, will combine the advantages and characteristics of monetary and non-monetary currency," he said in a report paving the way for discussing the matter, adding that he is studying the possibilities and prospects of the digital ruble and that it is too early to set a specific timetable for launching the project.
The move comes at a time when the outbreak of the Coronavirus pandemic accelerates the abandonment of banknotes, as central banks around the world are racing to issue their digital currencies to modernize payment systems, as well as to ward off potential competition from cryptocurrencies issued by private parties such as Bitcoin.
On Monday, the European Central launched public consultations and tests in an effort to decide on the establishment of a "digital euro" for the 19 single currency countries.
China had previously launched its "digital yuan" currency and achieved good success. A group of 7 major central banks, including the US Federal Reserve, set out to define what digital currencies might look like, in an effort to catch up with China's leading role and excel in private projects. Similar to Facebook's Libra.
Besides the US Federal Reserve and the Bank of England, among the seven banks that have allied with the Bank for International Settlements, the European Central Bank, the Swiss National Bank, and the Bank of Japan are among the banks. LINK
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Courtesy of Dinar Guru
Footforward I would exercise some caution over a rate being posted in the Gazette. I can't fathom they would post a real rate in there before the actual RV has happened.
Jeff ...Article: "In details ... Al-Kazemi's white paper reaches the Iraqi Parliament" Quote: "a parliamentary source said that the government reform paper had reached the Iraqi parliament for a vote." ...the odds are parliament will not be allowed to start the approval process of the reforms until Sunday the 18th at the earliest. Watch their patterns...the reforms you know for a fact are married to the rate change.
MilitiaMan We see the White Papers are today issued accordingly. We wait and see the details within them. I'll bet the world is watching...imo They know from all that Iraq has spoken about of late and in DC... Game on! imo.
Frank26 [Iraqi citizens]...please go to the banks. I actually thought they were going to tell you this last Thursday. Yeah, to go to the banks. Maybe this week? Maybe next week. But the thing though, Iraqi citizens, you know they are about to call you into the banks. And you know IMO what they are going to show you. You're all excited about it. The monetary reform is at a stage right now where it must succeed with the Iraqi citizens. This is the final step of the monetary reform...citizens they are about to to come into the banks of Iraq. What they are going to do is show you these big blown up picture of the new currency...
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