Goldilocks' Comments and Global Economic News Saturday Evening 1-6-24

Jan 6

Good Evening Dinar Recaps,

Europe’s Payment System’s Big Bang: Inside the ISO 20022 Migration

Rolling out a new common language for global payment data is no small feat. However, the transition is gathering momentum, with one domestic payment system after another converting to ISO 20022 (a standard for financial-information interchange between financial institutions developed by ISO, the International Organization for Standardization) over the past two years, including in countries such as Singapore.

This year, it was Europe’s turn, with all three of its payment systems—Eurosystem’s TARGET2, EBA Clearing’s EURO1 and Swift’s (or SWIFT’s, Society for Worldwide Interbank Financial Telecommunication’s) CBPR+ (cross-border payments and reporting plus)—opting to migrate in March in what the industry termed a “big bang” approach. International Banker Link

👆 Goldilocks pointed to this article

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Introducing a new Copilot key for Windows 11 PCs

Microsoft’s new Copilot key is the first big change to Windows keyboards in 30 years / Microsoft wants 2024 to be the year of the AI PC as it lines up bigger changes to Windows.

https://youtu.be/S1R08Qx6Fvs?feature=shared

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Gold Price Forecast – Prices are Correcting into an Intermediate Low as Expected FX Empire Link

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Why would a commodity-exporting country be happy to accept a currency that is rapidly losing value and can be easily frozen?

The train of economic thought today starts with floating currencies and ends with money printing.

This is not sustainable and is why resets happen. Twitter Link

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USD IQD Exchange Rate 1/5/2024 and What Deep Learning Says #iqd

https://youtube.com/shorts/6OdU-N4Y_b4?feature=shared

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Lots of topics will be covered on different calls.

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