News, Rumors and Opinions Thursday PM 5-11-2023
KTFA:
Frank26: THEY DON'T HAVE TO HAVE A 3RD READING... 14 DAYS HAVE PASSED SINCE THE 2ND READING... THEREFORE THE BUDGET IS NOW LIVE & ACTIVE WITHOUT ANY VOTING OR ANY SIGNATURE!!!".....F26
Godson: if this is true it should be published NEXT!....
Turk182: "IF" this is truly the case, and this is indeed FACT, THEN it would seem that this Crazy Roller Coaster of a Dinar Ride should be OVER/DONE within the next 6-DAYS?
Clare: Buna Launches A New Service Establishing A More Accessible And More Secure Foreign Exchange (FX) Market
2023-05-11
The new service provides financial institutions participating in Buna with an open marketplace to make FX deals directly between each other and enables safe and secure settlement of the resulting transactions in Buna.
Abu Dhabi, May 10th, 2023:Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), announces the launch of its service supporting a more accessible and more secure foreign exchange (FX) market.
The new service offers an open and modern marketplace for FX, where participants in the Buna system can benefit from a modern set of APIs to exchange information and agree on the terms of their FX deals directly between each other, without the involvement of Buna or any other intermediary in these deals.
The processing of the resulting transactions is then done immediately in a safe and secure way by using the Payment versus Payment (PvP) mechanism, which ensures that settlement in one currency occurs if and only if the settlement of the other currency occurs simultaneously.
This new service optimizes the use of liquidity in multiple currencies, creates new business opportunities for the Buna participants and contributes to enhancing the safety and efficiency of cross-border payments, in line with the agenda of the G20.
At this occasion, Mehdi Manaa, Chief Executive Officer of Buna said:
“Buna’s latest innovation is a natural extension to our platform and will transform the way foreign exchange transactions are conducted. Our participants can now benefit from enhanced operational efficiencies, reduced risks, and added incremental value through new business opportunities. This strengthens our commitment to enhance cross-border payments and promote the use of Arab currencies in that context.”
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Courtesy of Dinar Guru
Militia Man Al-Sudani's quote, 'We reassure the citizens not to acquire the dollar because the dinar is the strongest." Those are his words. They're not mine. That was on April 17th. Fast forward it's about 3 weeks what was his statement, 'The Iraqi dinar will rise against the U.S. dollar in the next few weeks.' Fascinating.
Mnt Goat We are still waiting for the 3-year budget to pass in parliament and for them to open it. I don’t care what rate is in it since they have told us the rate is flexible and they designed the budget accordingly. Of course, the higher the cost of oil the better.
LIVE! Be Ready... A BIG MOVE Is Coming For This Market. Something WILL BREAK.
Greg Mannarino: 5-11-2023
Warren Buffett: "The Incredible Period For the US Economy Is COMING TO AN END"
Mike Maloney: 5-11-2023
In today’s update with Mike Maloney you’ll see that the idea of ‘de-dollarization’ is going mainstream fast.
As Mike points out, these kind of things happen via ’S-Curve Adoption’, where events play out rapidly…how are you prepared?
And where does the 'world's greatest investor' think we are headed?