News, Rumors and Opinions Friday Afternoon 3-5-2021
Fleming Friday RV Update:
Our military intel contact is confirming Mr. Fleming's sources saying that the interim military govt, the 866 active military personnel working on getting the RV out
The RV teams have all still been meeting twice a day to get the upper level bond redemption payouts completed, from which the funds will be downstreamed to T1-4 down to our T4B level, to get the RV / GCR shotgun start initiated and T4B started possibly Fri-Sat 5-6 March (according to Chase banker sources), but more likely Mon-Tue 8-9 March (according to the highest banker sources in Tier 1 banks).
KTFA:
Samson: THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP TO DISCUSS THE VIEWS OF GLOBAL CARD SCHEMES ON BUNA PAYMENT SYSTEM
4th March, 2021
The workshop will also discuss the payment flows of the US Dollar through Buna
Industry Experts representing Visa Inc, MasterCard, and UnionPay will share valuable insights on cross-border payments transformational role
More than 200 senior officials will attend, representing central banks and a wide spectrum of financial institutions from the region and beyond
Abu Dhabi, 04 March 2021: The Arab Monetary Fund (AMF) holds today, Thursday March 4, 2021, a workshop to explore the views of global card schemes on cross-border payments as a driver to regional and global economic growth. In addition they will share their perception of how Buna (the cross-border payment system owned by the AMF) can play a key role in streamlining cross-border payments by acting as a bridge between the Arab region and the rest of the world.
The workshop will also discuss different operational perspectives related to the payment flows in US Dollar through the Buna payment system, following the inclusion of the US Dollar as a settlement currency in Buna.
Industry Experts representing Visa, MasterCard, and UnionPay will share valuable insights on cross-border payments transformational role and the various aspects of cooperation between the different payment channels across the globe to unlock hidden opportunities and provide innovative and customized solutions. Moreover, valuable updates related to the usage of the US Dollar as a settlement currency will be presented by Buna executive team.
The workshop will host more than 200 senior officials representing Arab and international central banks along with various institutions from the financial, banking and payment sectors from the region and beyond, seeking for valuable information about Buna’s recent developments and future plans.
At this occasion, Mehdi Manaa, Chief Executive Officer of Buna said: “Buna’s payment system is designed to offer a diversified pool of cross-border payment services and innovative solutions that caters for the various needs of the region and different economic sectors. To strengthen our value proposition and provide additional payment instruments that can demonstrate the international dimension of Buna, we pursue our efforts to cooperate and build interoperability with leading players in the payment industry setting a fruitful cross-border connection between Buna and a diversified network of payment schemes and channels.”
Mehdi added: “Buna has previously announced full readiness to provide its growing network of participants with the capacity to execute cross-border payments in US Dollar in cooperation with JP Morgan, as the Buna’s settlement bank for the US Dollar. During this workshop, we will be marking the smooth process that will enable participant banks to send and receive payments in US Dollar through their Buna account in an efficient, compliant, safe and cost-effective method.”
Buna, is a cross-border payment system owned by the Arab Monetary Fund, aiming to enable financial institutions and central banks in the Arab region and beyond to send and receive payments in local currencies as well as key international currencies in a safe, cost- effective, risk-controlled, and transparent environment.
Buna offers participants modern payment solutions that comply with international standards, principles, and compliance requirements. Thanks to its cross-border payment system Buna contributes to exploring and strengthening opportunities for economic and financial integration in the Arab region and supporting investment ties with the global trading partners. Buna welcomes the inclusion of all banks that meet the criteria and conditions for participation, primarily the standards and procedures of compliance aspects. LINK
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Samson: At a cost of 11 million dollars ... the opening of the "most luxurious" restaurant in Erbil
5th March, 2021
Investments are growing in the Kurdistan Region in various industrial, agricultural and tourism sectors for local and foreign investors, but one of the investment projects caught the attention more than others when it was launched, Thursday, in Erbil, the capital of the region.
Muhammad Ali Haruri is bored, he left his village "Harur" in the far north of the Kurdistan region, bordering the Iraqi-Turkish border, and went to the capital of the region, Erbil, to open a five-star restaurant he named after his village, but he recorded the highest investment in the restaurants sector, which cost 11 million Dollars.
Harouri told Shafaq News that his restaurant, which was opened on Thursday evening, occupies an area of 13 thousand square meters, and accommodates two thousand people, and the restaurant staff can prepare food for 15 thousand people at one time.
He added that the restaurant includes four dining halls according to different designs, including a VIP hall, in addition to two halls, one of which can accommodate 400 people and the other for 150 people, in addition to the gardens that are designed according to designs that include fountains and seating areas. LINK
Submitted by Dinarmama7
Once again there is another false OKIEOILMAN post on some Dinar Sites. . For the seemingly 1,000th time, this is not OKIEOILMAN.
He does not nor has he ever had a twitter account.
OKIE is not posting anywhere. He has been extremely ill.
Pray for him and stop passing lies around about him.
Thank you.
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Courtesy of Dinar Guru
Frank26 ...If it [the dong] was to go up in value it would go up dramatically. It would start at a very small level. Probably about .05 to .07 cents. I know there are people on the internet saying the Vietnamese dong has a chance to go up .47 cents. Nah, that's too big of a jump...the dong has potential. There's no doubt but it's not numero uno. I don't see the IMF talking about the Vietnamese dong. Everybody knows the dong has great potential. That's very good to know...
Jeff One thing that my long timers will remember...every time we get close to a potential time period where the rate was where we thought the rate might change we've always see articles talking about a large basket of suspended laws - the Federal Court Law, Article 140, HCL and so forth. These basket of suspended laws are simply waiting on the rate change. They just keep kicking this basket down the road because these laws are all waiting on the rate change. When you see these laws come up tell yourself you're close to the rate change. They actually approved a portion of one of the laws today [Federal Court Law]. It was huge...this law has been waiting a long time...
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Iraqi Dinar News for 03/05/21
Pimpy’s Investment Chat: Mar 5, 2021