Holly, Pimpy and more Late Friday PM/ Early Saturday AM
Holly Friday Evening Update
What I have heard today is things are in fact underway and moving.
Everyone is hush hush and they want it kept this way.
It will move throughout the weekend and should get to us this coming week. They are moving slowly till the cascade hits.
Holly
Courtesy of Dinar Guru
Pimpy Article: from Forbes "Saudi Arabia Retains Lead as Largest Arab Economy in 2021". Congrats to Iraq! (information from article) They are 4th in the economy amongst the Arab nations and climbing...this means the economy is rebounding. This is what we want. This is good...I love it. It's looking good. I feel really good about where the future is especially with the dinar.
Frank26 The economic reform is exploding in Iraq because of the monetary reform that has been put in a prime position to be launched...They're leaving their borders to raise the value for their currency. Everything that Kazemi and the CBI are doing is for the reforms. Everything. And these meetings that were occurring in Iraq for many months and now have apexed in Washington D.C. this is the perfect eye for the perfect storm...
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KTFA:
Don961: International Monetary expects to play a crucial role in the transformation of digital currencies
12:14 – 30/07/2021 Follow - Mawazine News
A document released by the International Monetary Fund says it will need to bolster its resources as it seeks to "monitor, advise and help manage the large-scale and complex transition" toward digital currency.
The document stated that “digital currencies are able to facilitate and accelerate payments and reduce their costs, but this requires that policy makers address major challenges, as digital cash should be reliable, and domestic economic and financial stability must be protected, and the stability of the international monetary system.”
She added, "The IMF has a crucial role in helping its members benefit from the benefits of digital money and manage its risks."
And she continued: "Digital money should be subject to regulatory oversight, and its structure and the way it is available should allow countries to continue to control monetary policy, financial conditions and foreign exchange systems."
The document does not focus on cryptocurrencies such as Bitcoin, nor does it take a position on which type of digital currency might eventually dominate.
The document dated last March, which was discussed by the Fund's Board of Directors in April, includes a vision for the development of the Fund and its efforts to cooperate with other institutions such as central banks, regulators and the World Bank. LINK