More News, Rumors and Opinions Late Tuesday Night 12-14-2021
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Walkingstick [via Guru Frank26] Walkingstick's friend that owns two banks in Baghdad came to the United States of America...because the CBI talked to him, 'Would you like to have satellite banks with us? You've got this state [name withheld for privacy] go and do what you've got to do.' ...They came here to finalize the updating of the software in the private banks...IMO it will be functional in the next two weeks...this is part of the monetary reform phase...a lot of paperwork acceptance by the banks to accept MasterCard and Visa cards inside of these private banks...some of these 'satellite banks' have already done the downloading...it's not for you. It's for the Iraqi citizens that live wherever these banks are... [Post 1 of 2....stay tuned]
Walkingstick [via Guru Frank26] When his friend returns back to Iraq he will have to meet with the CBI to report to them what he did with the uploading of the software in the satellite banks that he represents 'wherever' in the United States and it is said IMO the next meeting will be for the discussion of the new small category notes that are about to be distributed. And wouldn't it be fantastic if at this meeting (or before) Walkingstick's friend was shown the currency sheet. That would be great! [Post 2 of 2]
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KTFA:
Samson: The Arab Monetary Fund announces the signing of a memorandum of understanding with Mastercard to support the growth of cross-border payments in the Arab region and global markets
14th December, 2021
The interconnection between the Buna platform and MasterCard will enable the participating institutions to enhance their presence in the payments sector
The Arab Monetary Fund announced today that it has signed a memorandum of understanding with MasterCard according to which MasterCard and the Buna platform for Arab payments, affiliated with the Regional Corporation for the Clearing and Settlement of Arab Payments owned by the Fund, will work to achieve the strategic interconnection between the affiliated payment systems. To them, in order to enhance the growth and efficiency of the implementation of cross-border payments in the Arab region and global markets
The establishment of the Buna platform for Arab payments and MasterCard in laying solid foundations for partnership and interdependence between them enhances the ability of both parties to utilize their capabilities and take advantage of the advanced technology structure and flexibility that characterizes their payment systems, to give participating institutions safe and efficient channels that enable their users to strengthen their presence in the payments sector
The joint initiative of “Bunna” and “MasterCard” aligns with their strategic aspirations aimed at enhancing financial inclusion and keeping pace with the requirements of individuals and companies for reliable and advanced solutions in the field of payments.
Also, the harmonious interdependence between the Buna and MasterCard systems is evidence of their important efforts to contribute positively to international efforts aimed at improving the efficiency and effectiveness of cross-border payments
On this occasion, His Excellency the Director-General and Chairman of the Board of Directors of the Arab
Monetary Fund Dr. Abdul Rahman bin Abdullah Al-Hamidi, stressed the strategic dimension of cooperation between the “Buna” platform for Arab payments and the “MasterCard” company, and the added value it provides to the financial sector in the Arab region and abroad
He spoke of His Excellency Dr. Abdulrahman bin Abdullah Hamidi said: "The realization of interdependence harmonic between the platform" built "Arab payments and the "MasterCard", is an achievement as president in the framework of the implementation of the "built" strategic plan aimed at contributing to the trade intra - development and strengthening of investment ties between the Arab countries and with all global markets, the “Bunna” platform, through this initiative, continues to persevere in strengthening its global presence for the benefit of the Arab banking and financial sector.
The partnership between “Bunna” and “MasterCard” will give the two parties an additional ability to strengthen their business models, by cooperating to provide more innovative, diversified and effective solutions in the field of cross-border payments in multiple currencies, and working together to provide low-risk services and products capable of keeping pace with the growing financial and strategic needs in the Arab region and beyond
In turn, Khaled El-Jabali, Regional Head of MasterCard in the Middle East and North Africa, said : “95%
of consumers in the Middle East and North Africa rely on digital payment technologies, which reinforces
the importance of providing an infrastructure capable of ensuring easy movement of funds. Our
partnership with the IMF Elaraby will contribute positively to enhancing the volume and value of intra-trade exchanges and ensuring rapid and effective linkage between governments, companies and consumers in the Middle East and North Africa.
Through its strategy based on multiple payment channels, MasterCard is
working to change the current reality of the payments sector by providing solutions with an international dimension and working on Achieving harmonious interdependence between payment systems and contributing to the push towards inclusive economic growth
It is worth noting that the "Buna" platform constitutes an integrated system specialized in providing
clearing and settlement services for payments in Arab and international currencies, aiming to enable
financial and banking institutions in the Arab region and beyond, including central and commercial banks to send and receive inter-payments throughout the Arab region and abroad in a safe, reliable, affordable and highly effective manner
Buna offers participants state-of-the-art payment solutions that comply with international standards and principles and international compliance requirements. "Buna" contributes to enhancing opportunities for economic and financial integration in the Arab region and supporting investment
links with trading partners in different continents. It is noteworthy that participation in the platform is
available to all banks and financial institutions that meet the criteria and conditions for participation in it
foremost of which are the standards and procedures for compliance aspects I finish-
About the "Bunni" platform for Arab payments
The Buna platform for Arab payments is an integrated system specialized in providing clearing and
settlement services for payments in Arab and international currencies affiliated with the Regional Institution for Arab Payments Clearing and Settlement owned by the Arab Monetary Fund. Buna aims to enable financial and banking institutions in the Arab region and beyond, including central and commercial banks to send and receive inter-payments throughout the Arab region and abroad in a safe, reliable, affordable and highly effective manner.
Buna provides participants with modern payment solutions that comply with the highest international standards in the field of information security and the requirements to protect against the risks of financial crimes.
"Buna" contributes to enhancing opportunities for economic and financial integration in the Arab region and supporting investment links with trading partners in various continents. It is noteworthy that participation in the "Buna" platform
About MasterCard
MasterCard (NYSE: MA ), http://www.mastercard.com is a global technology company specializing in payment solutions.
Our mission is to connect and enable an inclusive digital economy that benefits everyone
anywhere by making transactions that are secure, simple and smart with ease.
By using secure data and networks, and fostering partnerships based on passion, our innovations and solutions help individuals financial institutions, governments and businesses realize their fullest potential. Our culture and all the work we do inside and outside the company is based on our DQ, or DQ. Through our network that spans more than 210 countries and territories, we are working to build a sustainable world that offers invaluable potential for all. MasterCard is the sole donor of the MasterCard Impact Fund. Mastercard is also the sole donor of the MasterCard Impact Fund LINK
Corporate Insiders Feverishly Dump Stocks, Why Is California Hiding State Spending Data?
Silver Report Uncut: Dec 13, 2021
CEOs and corporate insiders are dumping stock at a far faster rate than we've seen in recent years, and the twist is, they're ramping up selling as their own companies engage in record stock buybacks.
In November, insiders unloaded a collective $15.59 billion - an all-time record Forty-eight top executives have disposed of more than $200 million each in stock sales this year, about four times the average versus insider from 2016 through 2020
InsiderScore data shows corporate insiders sold a mindboggling $63.5 billion in shares through November, a 50% jump versus all of 2020.
The selling comes as major equity stock indexes are hovering near record highs and stock buybacks continue at breakneck speeds.
Most of the insider dumping was in the technology sector, amounting to $41 billion in sales.
We also discuss some of difficulty faced by open the books (dot) com while trying to get information about some of what they have been spending. They have been able to obtain open books from just about every other state, makes you wonder... what do they have to hide?