Goldilocks News "Gold Backed Debit Cards" and much more... Wednesday 2-15-2023
Thank you R.J.
Golidlocks and Seeds of Wisdom
R.J.: At 6:48 am Est Goldilocks posted the following with commentary:
"Based on the decision of the Board of Directors of the Central Bank of Iraq No. 17 of 2023, it was decided to open the door to accepting merger requests for brokerage companies buying and selling foreign currencies under category ( C ) until 6/30/2023."
This is giving us an indication that Iraqi Banks are preparing to expand their foreign currency services and resources into a much broader context i.e. International Market.
© Goldilocks
The above article just came out on the CBI today. What did I just say yesterday about two RVs.
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R.J : Goldilocks posted the following commentary on 2 related links:
Many Banks will be shifting their roles in the future for their customer base.
They will become more like a Depositor Bank, Exchange and Investment Center. Much of the responsibility of management for a customer is moving to individuals who hold their funds in a digital wallet.
An ideological shift is taking place in the banking system. Banks will no longer be a primary place you can have others manage and save your money. You will be expected to use the banking system as a place to invest your money.
The banking system is already used to doing that with your money. The difference is going forward that you will invest together in ways to grow your money.
Asset Wealth Management products is a term you will be hearing more of in the near term. In collaboration with a Wealth Manager, decisions going forward will be heavily waited toward the customer.
"While many operating procedures in mergers, acquisitions and investment banking can ultimately be automated, the majority of investment banking tasks still require a warm body and—in most cases—an incisive mind."
© Goldilocks
Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Hesai Group
Automation in Investment Banking
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R.J.: Good afternoon Dinar Recaps
Goldilocks posted an article on Gold-backed debit cards and commentary.
"Gold-backed debit cards and wealth management offers a form of banking that is free from interest, speculation, and inflationary currencies."
Yes, gold-backed debit cards are coming into play.
We live in a time whereby inflationary currencies demand a new mechanism to secure their stability.
Gold provides a real value to currencies keeping them from giving way to an inflationary economy.
© Goldilocks
https://uk.finance.yahoo.com/news/wahed-ceo-gold-backed-debit-card-interest-free-finance-130327554.html
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