Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24
Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24
Good Evening Dinar Recaps,
"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."
Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now.
Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.
Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.
Since banks are privately owned for-profit institutions, this makes our foreign currency exchange with them a private exchange.
Jester and Freedom Fighter do a "Saturday Night Live" call each week to explain the importance of getting to know your "Relationship Managers" whom will participate in your exchange at some level, and they will continue to participate in your banking success through periodic reviews of your account.
Each week, Freedom Fighter and Jester have live conversations with people who are going out to establish banking relationships that will guide them in the exchange process, and they come back to tell people what they found.
You do not want to miss these calls.
© Goldilocks
SEC
CBI
Westlaw
Connecticut Portal Department of Banking
Wise - Foreign Currency
Investopedia - Capital Markets
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"A federal-covered security can be legally sold in a state once the proper documents and filing fee are submitted. Sales may occur on the day SEC registration is effective or when the notice filing was filed, whichever occurred last."
In other words, the Iraqi Dinar can be bought and sold as a "registered security" close to the end of May.
This article is a continuation of the first one printed today. I just simply wanted to be clear about a particular point that is of interest to all of us who hold the Iraqi Dinar.
It does not mean that we are going to exchange any foreign currencies at the end of this month, especially the Iraqi Dinar, but it will become possible. Achievable - Finra-Series SEC Archives
© Goldilocks
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Freedom Fighter Breaks Down Goldilocks Posts today with Q & A
Freedom Figjter breaksw down Goldilocks Posts from today 5.9.24.mp3
LISTEN HERE:
The world’s economic order is breaking down | Economist
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How is Currency Valued - Overview, History, Measurement | Corporate Finance Institute
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Central bank business models are being forced to change as the economy digitalizes, Joachim Nagel, Deutsche Bundesbank governor, said on May 6.
“If you would have asked me 20 years ago, is the central bank model destroyable?” Nagel told the Bank for International Settlements (BIS) Innovation Summit in Basel, “I would have said no.” But, now: “I’m not so sure anymore.” Central Banking
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Best states for taxes | Fidelity
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Lloyds collaborates with Red Hat on InnerSource engineering programme | Finextra
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Mastercard, Citi, JPMorgan Test Ledger for Settling Bank Money | Bloomberg Law
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SEC Labels Upcoming Ripple Stablecoin Unregistered Crypto Asset | The Crypto Basic
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A/B Exchange Offer Definition | Law Insider
An A/B exchange offer involves the exchange of unregistered, privately placed securities for SEC-registered securities. The original restricted securities, which are typically debt securities, would likely have been issued to holders in a private placement transaction. 1 day ago
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Silver Price Analysis: Silver is now probably in an uptrend | FXStreet
Silver price has probably reversed its short-term downtrend and begun a new uptrend.
It has broken above the May 7 highs – a key sign the short-term trend has reversed.
The possibility now exists for the precious metal to rise back up towards the $30.00 mark.
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IBM Expands its Software Availability to 92 Countries in AWS Marketplace | DQ
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