News, Rumors and Opinions Wednesday Afternoon 2-22-2023
Thank you R.J.:
Goldilocks and Seeds of Wisdom
R.J.: Good morning Dinar Recaps, Goldilocks posted the following comment this morning!
Goldilocks: Dee, Myself, and Sam had a phone conference this morning with our CBI Banker contact.
Inside their new electronic foreign currency trading mechanism being tested and utilized as of late.
Sam asked if they were utilizing the USN notes in their new exchanges.
The answer was YES.
© Goldilocks
R.J.: Goldilocks posted the following commentary with a link:
One way or another, we are moving to real values in our economy.
"Analysis: Looming U.S. default risk prompts investors to cut some debt exposure."
The resetting of our new economy is not a push of a button. It is a process.
© Goldilocks
https://t.me/+YU9UrHLxFbszOTJh
https://www.seedsofwisdomteam.com/goldilocks
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Courtesy of Dinar Guru
Frank26 This week that we're in right now is really going to set the stage. If we see the budget law passed, oh my goodness! If we see HCL actually announced and being locked into the accounts at the banks, oh my goodness. If we see 1300 to to 1190 or 1000, oh my gosh...
Mnt Goat The news from Iraq this period is all very good and moving in the direction that we could possibly see the reinstatement soon. I do not have a date sorry! All these efforts they are now taking for electronic banking, Point of Sale, electric grid, 2023 budget, etc. projects are all part of the equation leading Iraq’s monetary system to where it needs to go... just relax and let the process work its way through...
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TNT:
Tishwash: Government confirmation of providing the electronic platform for the dollar
Today, Wednesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the electronic platform for selling the dollar will provide an adequate supply of currency in the markets for the real beneficiary, while he indicated that the adoption of the correct commercial documents by the private banking system will achieve a convergence in the exchange rate and focus on the official price in an accelerated manner. .
Saleh said in a statement to the official agency, followed by (Baghdad Today), that "the monetary policy works through its operational objectives to build coherent mechanisms in imposing stability in the exchange market, through flexible packages in external transfers and through banking channels that follow international compliance rules," pointing to That "the dollar cash sale platform, which has been in operation since February 20, 2023, will provide an adequate supply of dollars in cash to the real beneficiary with a high degree of international compliance."
He added, "There has been a complete liberalization of transactions related to the current account of the balance of payments and in accordance with international compliance, whose external transfers were previously faltering due to bureaucratic banking customs, including transfers of services, especially shipping and insurance services, investors' profits, work returns, and inheritance rights for Iraqis or expatriates outside the country, which were completely liberalized." ".
He continued, "In addition to a partial liberalization of the financial account in the balance of payments, foremost of which are real estate investments for housing purposes."
And he pointed out that "with the progress of the mechanisms of the private banking system in adopting the correct commercial documents that are consistent with the rules of financing foreign trade in the matter of compliance, the exchange market will approach each other in price and center around the official price with the passage of time and accelerating," noting the "positive role that it has taken It is currently performed by government banks in general
And in particular the Trade Bank of Iraq, in promoting external transfer requests for small merchants directly and through international compliance banking whose monthly trades do not exceed $200,000, and whose relative weight dominates in financing foreign trade for the private sector, with rates that may reach 70% of the total. Import trade for the private sector ink
Morgan Stanley WARNS AGAIN Of A Stock Market DROP! As The Economy Is FREEFALLING Faster.
Greg Mannarino: 2-22-2023
5 Economic Fallouts of A US-China Meltdown - Hell For Investors
Sean Foo: 2-20-2023
China and America are on the verge of decoupling and economic tensions are getting worse every day.
This spells hard times and a very rocky investment climate for everyone wondering how to invest going ahead.
Here's what you must know about the US-China economic crisis and how I am allocating my money.
Timestamps & Chapters:
0:00 US-China Relations Burning Up
1:41 A World Of High Rates & Inflation
3:49 Massive Gold Buying
6:05 Middle East De-Dollarizing
7:52 This Industry Is Booming!
10:16 China's Plan To Buy Everything
12:25 How I'm Investing