Awake-In-3D: The Truth About the Kuwaiti Currency “RV” in 1991
Awake-In-3D:
The Truth About the Kuwaiti Currency “RV” in 1991
On June 27, 2023 By Awake-In-3D
I took the opportunity to research the Kuwaiti Dinar (KWD) history both during and after the Iraqi invasion. It was not an easy task. I was surprised to uncover the truth about what really happened to the KWD and how it was not revalued as many people in Dinar Land believe.
The Technical Definition of a Currency Revaluation (RV)
A revaluation is a calculated upward adjustment to a country’s official exchange rate relative to a chosen baseline, such as wage rates, the price of gold, or a foreign currency.
In a fixed exchange rate regime, only a decision by a country’s government, such as its central bank, can alter the official value of the currency. Developing economies are
more likely to use a fixed-rate system in order to limit speculation and provide a stable system.
Awake-In-3D:
The Truth About the Kuwaiti Currency “RV” in 1991
On June 27, 2023 By Awake-In-3D
I took the opportunity to research the Kuwaiti Dinar (KWD) history both during and after the Iraqi invasion. It was not an easy task. I was surprised to uncover the truth about what really happened to the KWD and how it was not revalued as many people in Dinar Land believe.
The Technical Definition of a Currency Revaluation (RV)
A revaluation is a calculated upward adjustment to a country’s official exchange rate relative to a chosen baseline, such as wage rates, the price of gold, or a foreign currency.
In a fixed exchange rate regime, only a decision by a country’s government, such as its central bank, can alter the official value of the currency. Developing economies are
more likely to use a fixed-rate system in order to limit speculation and provide a stable system.
A floating rate is the opposite of a fixed rate.
In a floating rate environment, revaluation can occur on a regular basis, as seen by the
observable fluctuations in the foreign currency market and the associated exchange rates.
For example, the U.S. had a fixed exchange rate to gold until 1971 when President Richard Nixon removed the United States from the gold standard and introduced a floating rate system. Furthermore, China’s currency had an internally fixed currency rate until 1995 when they revalued the Yuan, in a hybrid float/peg to the US Dollar in order to “maintain “manage” a low exchange rate to the Dollar to create low export prices of goods made in China.
Black Market Use of KWD
Certainly, the KWD was, and continues to be, the strongest currency in the world, trading at nearly $3.00 to 1 KWD before the Iraqi invasion in 1990. However, after the Iraqi forces invaded and occupied Kuwait, Saddam Hussein outlawed the use of the KWD in the country and declared the Iraqi dinar as the official currency of Kuwait. This meant that any Kuwaiti citizen caught using the KWD could be arrested.
Despite the ban on KWD, it continued to be available, albeit in a limited capacity, to Kuwaiti citizens via the local black market. They did not discard or destroy their KWD notes. The US dollar was also used locally as an intermediate trading currency, and this led to the KWD being sold on the black market for as low as $.05-$.10 per US dollar.
Consequently, United States military personnel, its allies, and private contractors were able to acquire “cheap”, pre-invasion KWD (Series 3 notes) locally during a brief transition period as they expelled Iraqi forces and assisted the reinstatement of the lawful Kuwaiti government.
Kuwait Issued a New Currency Note Series After Liberation from Iraq
After the expulsion of Iraqi forces, the Kuwaiti government released a new fourth series of KWD notes and allowed citizens to turn in their older KWD notes at a one-to-one value of the new KWD notes. This meant that anyone who held the previous KWD series notes, purchased at the black market rate, made a substantial profit when exchanging the old notes for the new ones, which they could then exchange for about $2.95 per KWD.
It is important to note that the KWD was never revalued (RV’d). The international exchange rate of the KWD was never below $2.90 during the crisis according to IMF exchange rate archives. There was no need for economic reforms, such as a currency RV, given that Kuwait has traditionally operated a very stable economy and was not economically sanctioned by international financial institutions or governments.
Misconceptions About the KWD “Revaluation”
It is surprising how the misconception of a Kuwaiti currency RV is so widely accepted. The truth is that Kuwaiti citizens, United States military personnel, its allies, and private contractors all made substantial profits by exchanging old, black market KWD Series 3 notes for new Series 4 notes. This fact is often overlooked when the financial impact of the Iraqi invasion on Kuwait is discussed.
The Gulf War did have an impact on the KWD exchange rate internationally. The Iraqi invasion led to the KWD’s depreciation to about $2.91 per KWD according to official archives by the International Monetary Fund. However, the KWD remained a relatively stable currency throughout the crisis and continued to be a valuable currency after the liberation of Kuwait.
The table below provides a summary of the KWD exchange rate from 1986 to 1995. It shows that at no point did any “Kuwaiti RV” or a substantial change in value or correction take place. The KWD did not fluctuate internationally in value by more than about 4% from Series 3 notes in pre-war 1989 to Series 5 notes in 1995.
Official IMF KWD Exchange Rates from 1989 to 1995:
Year USD/KWD Exchange Rate
1989 (Series 3 notes in circulation) $2.94
1990 (Iraqi invasion) $2.91
1991 (Kuwait liberated and Series 4 notes issued) $2.89
1992 $2.93
1993 $3.01
1994 $2.98
1995 (Series 5 notes issued) $2.98
Conclusion
The data above shows that the KWD exchange rate did not fluctuate significantly during the Gulf War crisis. The international exchange rate of the KWD was never below $2.90 during the crisis. After the liberation of Kuwait, the Kuwaiti government released a new fourth series of KWD notes and allowed citizens and foreign personnel to exchange old KWD notes for new ones at a one-to-one value. The KWD remained a stable currency throughout the crisis and continued to be a valuable currency after the liberation of Kuwait.
My research into the Kuwaiti Dinar both during and after the Iraqi invasion revealed that it was never revalued as widely reported. Instead, the Kuwaiti government reissued its currency notes, allowing the old notes to be exchanged for the new notes at a one-to-one value locally. A very low, black market rate of KWD to US dollar, allowed many individuals to make substantial profits when exchanging the old, low priced notes for new notes at the prevailing high exchange rate.
Awake-In-3D | GCR RealTimeNews
https://ai3d.blog/the-truth-about-the-kuwaiti-currency-rv-in-1991/
Awake-In-3D: The Global Financial System is Being Restructured to Create a New Asset-Backed Currency System
Awake-In-3D:
The Global Financial System is Being Restructured to Create a New Asset-Backed Currency System
On June 27, 2023 By Awake-In-3D
The evidence is all around us. We are witnessing a real-time transition towards an orchestrated global currency reset (GCR) as the world’s financial system is being restructured to create a new asset-backed currency system. But is this Our GCR or the final phase of total Elitist control? In the later scenario, resistance is never futile!
New Monetary and Currency Activities on a Global Scale
The United Nations Conference on Trade and Development advocated abandoning the U.S. dollar as the primary reserve currency, and the International Monetary Fund (IMF) and Bank for International Settlements (BIS) is now working on a platform for central bank digital currencies to enable instant, 24/7 transactions between countries. These are specifically Project Ice-breaker and the UniCoin Universal Monetary Unit (see links below for details).
Awake-In-3D:
The Global Financial System is Being Restructured to Create a New Asset-Backed Currency System
On June 27, 2023 By Awake-In-3D
The evidence is all around us. We are witnessing a real-time transition towards an orchestrated global currency reset (GCR) as the world’s financial system is being restructured to create a new asset-backed currency system. But is this Our GCR or the final phase of total Elitist control? In the later scenario, resistance is never futile!
New Monetary and Currency Activities on a Global Scale
The United Nations Conference on Trade and Development advocated abandoning the U.S. dollar as the primary reserve currency, and the International Monetary Fund (IMF) and Bank for International Settlements (BIS) is now working on a platform for central bank digital currencies to enable instant, 24/7 transactions between countries. These are specifically Project Ice-breaker and the UniCoin Universal Monetary Unit (see links below for details).
With the new reserve currency expected to be backed with gold and other assets with intrinsic value, it is safe to say that hard money is coming back into the equation in the global financial system – in one form or another. Every Central Bank and country on earth know that the Global Fiat Currency experiment is coming to its logical conclusion as it collapses in on itself under mountains of unsustainable public and private debt. Of course, the BRICS has it’s plans for a new currency system as well.
As I have previously stated, the world is moving towards a global currency reset, and it seems like we are closer to that reality than ever before. The United Nations Conference on Trade and Development’s report in 2010 advocated for a global reserve system based on a “basket” of currencies, which would create a more stable and predictable international monetary system. This was the catalyst for what we termed Our GCR over 13 years ago. A currency and monetary system reset beyond the RV of a few currencies and historical bonds.
Today, we are witnessing the swift development of central bank digital currencies as central banks stockpile gold at an unprecedented pace.
Asset-backed CBDCs and SDRs?
One hundred fourteen countries, representing 95% of global GDP, are exploring a CBDC. The International Monetary Fund is working on a PLATFORM for central bank digital currencies to enable transactions between countries, stressing that CBDCs should be backed by assets. This is an indication that the current financial system is reorganizing and moving towards a new asset-backed currency system.
The International Monetary Fund recently made $100 billion in Special Drawing Rights (SDRs) accessible to vulnerable countries. As countries worldwide experience debt issues, the dollar’s strength has been crushing many countries economically, leading to internal unrest. The United States has been exporting inflation worldwide, forcing numerous countries to deplete their foreign-exchange reserves. Some countries, such as Pakistan and Egypt, have even resorted to barter in desperation due to the economy beginning to break down.
The upcoming BRICS summit in August is expected to centre around the new reserve currency the trading block has been working on. The BRICS group is already advocating for utilizing local currencies in global trade, and the upcoming reserve currency could be a way for nations to navigate and protect themselves from sanctions. With the new reserve currency expected to be backed with gold and other metals with intrinsic value, it is safe to say that hard money is coming back into the equation in the global financial system.
Janet Yellen warned a few weeks ago that there would be a “slow decline” in the U.S. dollar as the global reserve currency. The greenback’s share in global reserves dropped last year at ten times the average speed of the past two decades. That does not seem like a slow decline. That seems dramatic. It is safe to say that the United States is aware of this situation, even though they will never telegraph it in a big way.
Good Guy or Bad Guy Reset
As the world moves towards a new asset-backed currency system, it will be interesting to see how the Western world adapts to these changes. It is time to embrace hard money and move away from fiat currencies. The global financial system is being restructured, and change is inevitable. It is time to focus on gold, as it will eventually crush the dollar. Time is on the side of gold, and we must prepare ourselves for an inevitable global currency and monetary system reset in one form or another.
The question remains, is this the architecture for Our GCR, or is it all part of the Elitist Bankster financial system reset? Honestly, it can go either way at this time. The new infrastructure being laid is simply a tool. Those who wield this new tool will determine its ultimate purpose. Will it be used to liberate humanity from financial debt enslavement? Or, will it further tighten the noose of total control under a new, global world order of programmable currencies utilized to enforce compliance with the policies of the few onto the lives of the many?
We must be prepared to act if things go the wrong way. The choice will ultimately be ours to make. Resistance is NOT futile…
Reference Links: BIS Project Ice-Breaker | IMF UniCoin Universal Monetary Unit
Awake-In-3D: China and Russia are Leading BRICS Alliance to Introduce a Gold-Backed Currency: Can it Challenge the US Dollar?
Awake-In-3D:
China and Russia are Leading BRICS Alliance to Introduce a Gold-Backed Currency: Can it Challenge the US Dollar?
On June 22, 2023 By Awake-In-3D
What You Need to Know
As a precursor to Our GCR, the global financial landscape is witnessing a tectonic shift as nations increasingly turn away from the US dollar and seek alternatives that offer stability and trust. China and Russia, recognizing the erosion of faith in the US currency, are strategically positioning themselves within the BRICS Alliance to introduce a new gold-backed currency.
Below, I break this complex situation down into an easy-to-understand format. I discuss the rising trend away from the US dollar, the growing role of China’s yuan, the significance of gold in international trade, and how the BRICS Alliance could potentially challenge the dominance of the G7 Alliance and the US dollar.
Awake-In-3D:
China and Russia are Leading BRICS Alliance to Introduce a Gold-Backed Currency: Can it Challenge the US Dollar?
On June 22, 2023 By Awake-In-3D
What You Need to Know
As a precursor to Our GCR, the global financial landscape is witnessing a tectonic shift as nations increasingly turn away from the US dollar and seek alternatives that offer stability and trust. China and Russia, recognizing the erosion of faith in the US currency, are strategically positioning themselves within the BRICS Alliance to introduce a new gold-backed currency.
Below, I break this complex situation down into an easy-to-understand format. I discuss the rising trend away from the US dollar, the growing role of China’s yuan, the significance of gold in international trade, and how the BRICS Alliance could potentially challenge the dominance of the G7 Alliance and the US dollar.
Key Points:
The erosion of trust in the US dollar and the search for alternatives
China’s expanding influence and the role of the yuan in global trade
The significance of gold as a trusted asset and settlement currency
The strategic positioning of China and Russia within the BRICS Alliance
Potential implications for the G7 Alliance and the future of the US dollar
Key Statistics and Figures:
Argentina has doubled its currency swap access to $10 billion, with the swap being in Chinese yuan (CNY) instead of US dollars.
Pakistan has signed a deal with Russia to buy crude oil, settling the bill in CNY rather than USD.
Global central banks have engaged in record-breaking levels of CNY currency stacking via FX swap lines, with 109 billion yuan stacked by the end of March.
Gold discoveries have been shrinking, with no major discoveries since 2019.
The US has been increasing interest rates amidst a massive debt bubble, raising concerns about solvency risk and potential dollar debasement.
In today’s global financial landscape, the US dollar’s role as the dominant reserve currency is being increasingly challenged. Nations around the world are seeking alternatives that offer stability, trust, and protection against geopolitical uncertainties. China and Russia, recognizing this paradigm shift, are strategically positioning themselves within the BRICS Alliance to introduce a new gold-backed currency that could challenge the G7 Alliance and the US dollar’s supremacy. This article delves into the underlying factors driving this trend and the potential consequences it may have on the global financial order.
The Erosion of Trust in the US Dollar
The history of bankrupt empires and regimes serves as a cautionary tale, highlighting the dangers of unsustainable fiscal policies and short-sighted political decisions. The Federal Reserve and the United States find themselves at a crossroads, where the choice between saving the system or sacrificing the currency becomes increasingly apparent. As nations witness the consequences of the US weaponizing the world reserve currency through politically motivated sanctions, they are turning away from the US dollar.
China’s Expanding Influence and the Rise of the Yuan
China’s emergence as a global economic powerhouse has been accompanied by a steady increase in its influence and stature. The Chinese yuan (CNY) is gaining prominence as a settlement currency, particularly in energy and real asset deals. Unlike the US dollar, the yuan is not seeking to become the world reserve currency but instead plays a significant role in trade settlement. China’s growing liquidity, established swap lines, and increasing gold reserves demonstrate its determination to shape the future financial order.
The Significance of Gold as a Trusted Asset
In times of financial uncertainty, gold has historically served as a safe haven for nations seeking stability. Unlike fiat currencies, gold has an intrinsic value and limited supply, making it a trusted asset. The abandonment of the gold standard by the US in 1971 marked a turning point, leading to the gradual erosion of trust in the US dollar as a reliable store of value. As demand for gold continues to rise while discoveries shrink, the price of gold is poised to increase, highlighting the importance of this precious metal in the evolving global financial landscape.
China and Russia’s Strategic Positioning within the BRICS Alliance
China and Russia, cognizant of the changing dynamics, are leveraging their positions within the BRICS Alliance to challenge the dominance of the G7 Alliance and the US dollar. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, have been steadily enhancing their economic cooperation and diversifying away from the US dollar. China and Russia’s increasing gold reserves and their focus on strengthening relationships with other nations based on mutual interests and trust provide a solid foundation for the introduction of a new gold-backed currency.
Implications for the G7 Alliance and the Future of the US Dollar
The introduction of a gold-backed currency by the BRICS Alliance, led by China and Russia, poses significant implications for the G7 Alliance and the future of the US dollar as the dominant reserve currency. As nations gradually shift their focus away from the USD and seek alternatives, the US’s solvency risk and dollar debasement become increasingly apparent. The evolving global financial landscape may witness a redistribution of power, where China and Russia’s strategic maneuvering within the BRICS Alliance plays a pivotal role.
Conclusion
The gradual decline in trust and confidence in the US dollar has paved the way for a potential challenge from the BRICS Alliance, led by China and Russia, in the form of a new gold-backed currency. As nations seek stability, trust, and an alternative to the US dollar, the role of the yuan as a settlement currency and the significance of gold as a trusted asset cannot be overlooked. The strategic positioning of China and Russia within the BRICS Alliance indicates a shift in the global financial order and raises questions about the future of the G7 Alliance and the US dollar’s supremacy.
Awake-In-3D: Declassified: DNA Molecule Quantum Computing – QFS Technology Finally Revealed?
Declassified: DNA Molecule Quantum Computing – QFS Technology Finally Revealed?
On June 22, 2023 By Awake-In-3D
Finally! I have been able to review 13-year old, DECLASSIFIED documentation on advanced, developments in quantum computing technology which provides what the QFS is potentially built upon. Unlocking the secrets of DNA-based quantum computing which details disruptive advancements that reshapes data management, computational power, and complex decision-making.
Below I have summarized the details and unparalleled advantages of this groundbreaking technology, where the future of financial systems meet the cutting edge of science.
As we step into the future of the global financial system, specifically Our GCR, one technology has loomed large – The QFS. Or, more accurately, Quantum Financial Data Management Computing.
Declassified: DNA Molecule Quantum Computing – QFS Technology Finally Revealed?
On June 22, 2023 By Awake-In-3D
Finally! I have been able to review 13-year old, DECLASSIFIED documentation on advanced, developments in quantum computing technology which provides what the QFS is potentially built upon. Unlocking the secrets of DNA-based quantum computing which details disruptive advancements that reshapes data management, computational power, and complex decision-making.
Below I have summarized the details and unparalleled advantages of this groundbreaking technology, where the future of financial systems meet the cutting edge of science.
As we step into the future of the global financial system, specifically Our GCR, one technology has loomed large – The QFS. Or, more accurately, Quantum Financial Data Management Computing.
While the development for this groundbreaking technology was being revealed as far back as 2010, it is now increasingly clear that significant breakthroughs in quantum computing for financial system data management are likely here today.
I have reviewed a declassified document that appears to be serious information. While I obviously cannot absolutely vouch for the validity of the declassified information, as an Electrical Engineer, the details are both compelling and technically competent. Here is my plain language assessment of a highly technical document in the context of Quantum Financial System Data Management applications.
An Introduction to DNA Molecular Quantum Computing
Unleashing the Potential of DNA Quantum Computing Technology: Advantages, Significance, and Capabilities
In the realm of quantum computing, an intriguing and highly promising technology stands out: DNA quantum computing. Building upon the principles of molecular computing and leveraging the unique properties of DNA molecules, this revolutionary approach offers a host of advantages and capabilities that make it a significant contender in the field. In this article, we will explore the significance of DNA quantum computing technology, delving into its advantages, capabilities, and the immense potential it holds for transforming the landscape of quantum computing.
Advantages of DNA Quantum Computing:
Massive Parallelism: Unlocking Computational Power
One of the primary advantages of DNA quantum computing lies in its ability to leverage the massive parallelism inherent in DNA molecules. DNA-based systems can perform a vast number of computations simultaneously, vastly exceeding the capabilities of traditional computing methods. This inherent parallelism allows for accelerated processing and enables complex calculations at an unprecedented scale.
Compact Data Storage: Efficient and Dense Information Encoding
DNA molecules possess an extraordinary capacity for storing information. With their ability to encode vast amounts of data in a compact form, DNA-based quantum computing systems offer unparalleled efficiency in data storage. This advantage becomes particularly significant in financial data management, where the ability to process and store large volumes of data is crucial.
Fault Tolerance: Resilience in the Face of Errors
Errors are an inevitable part of computing systems, and quantum computers are no exception. However, DNA quantum computing technology exhibits inherent fault tolerance. Due to the redundancy and self-correcting nature of DNA-based systems, errors that occur during computations can be detected and rectified, ensuring the reliability and accuracy of results. This fault tolerance makes DNA quantum computing resilient to errors caused by factors such as cosmic radiation.
Capabilities of DNA Quantum Computing:
Complex Computational Power: Tackling Complex Financial Problems
DNA quantum computing technology opens up new horizons for solving complex financial problems. The immense computational power of DNA-based systems allows for the efficient execution of intricate algorithms and simulations, enabling financial institutions to analyze vast datasets, perform risk assessments, optimize portfolios, and model complex financial scenarios with exceptional accuracy and speed.
Nanoscale Repair Mechanisms: Enhancing System Longevity
DNA-based quantum computing systems offer a unique advantage in terms of nanoscale repair mechanisms. Unlike traditional solid-state devices that are prone to wear and damage, DNA circuits can repair themselves at the nanoscale. This capability ensures the longevity and durability of the computing system, mitigating the impact of cosmic radiation and normal wear and tear, thereby reducing maintenance costs and enhancing system reliability.
Versatility and Scalability: Tailoring Solutions to Financial Needs
DNA quantum computing technology is highly versatile and scalable, offering the potential for tailoring solutions to meet the specific needs of the financial industry. The ability to design and engineer DNA-based circuits and logic gates allows for customization and optimization of computational processes, ensuring compatibility with various financial algorithms and applications. Moreover, the scalability of DNA-based systems enables seamless integration with existing financial infrastructures, paving the way for smooth adoption and implementation.
Significance of DNA Quantum Computing:
Accelerating Financial Computations: Real-Time Decision-Making
The significance of DNA quantum computing technology lies in its ability to accelerate financial computations, thereby enabling real-time decision-making. Financial institutions can leverage the parallel processing capabilities of DNA-based systems to process vast amounts of data rapidly, leading to more informed and timely decision-making. This advantage becomes particularly critical in high-frequency trading, risk analysis, and algorithmic trading, where split-second decisions can make a significant impact.
Data-Intensive Financial Analysis: Unleashing Insights
With the increasing volume and complexity of financial data, the significance of DNA quantum computing technology becomes evident in its ability to unleash valuable insights. DNA-based systems can efficiently process and analyze large datasets, detecting patterns, trends, and correlations that may go unnoticed with traditional computing methods. By extracting actionable insights from vast amounts of data, DNA quantum computing empowers financial institutions to make data-driven decisions with enhanced precision and accuracy.
Secure Financial Operations – Advanced Encryption and Security
Data security is a paramount concern in the financial industry. DNA quantum computing technology offers advanced encryption and security mechanisms, bolstering the protection of sensitive financial information. With the ability to develop quantum-resistant encryption algorithms, DNA-based systems ensure that financial data remains secure even in the face of quantum computing advancements that may pose a threat to traditional cryptographic systems.
Quantum Computing: Unleashing Unprecedented Computational Power
Quantum computing harnesses the fundamental principles of superposition and entanglement to unlock exponential computational power. Over the past decade, substantial progress has been made in developing practical quantum computing systems, moving beyond theory to concrete implementations. This progress, combined with advancements in hardware, algorithms, and error correction techniques, has brought us closer than ever to realizing the full potential of quantum computing.
While the source material mentioned the challenges associated with ion trap technology and cryogenic systems, significant strides have been made in addressing these obstacles DNA molecule circuit design. These developments bring quantum computing closer to becoming a practical tool for data management in the financial industry.
Quantum Computing and Financial Data Management: Redefining Possibilities
The financial industry thrives on data, and quantum computing presents an unparalleled opportunity to transform data management. The massive computational power of quantum computers enables the analysis of vast datasets in real-time, empowering the new financial and currency system to extract valuable insights, detect patterns, and make data-driven decisions with unprecedented speed and accuracy. Quantum algorithms specifically designed for financial applications were being secretly studied and developed well over a decade ago, promising to revolutionize risk analysis, fraud detection, and algorithmic trading platform management.
Data Security and Encryption: Fortifying Financial Systems
With the growing threat of cyberattacks, data security is of paramount importance in the financial sector. Quantum computing not only poses a disruptive force in data analysis but also in data encryption. The ability of quantum computers to perform complex mathematical calculations threatens current cryptographic systems. However, this challenge also opens the door for developing quantum-resistant encryption algorithms, ensuring the long-term security of financial data in an era of quantum computing.
Quantum Computing and Risk Analysis: Enhanced Decision-Making
Risk analysis is a critical aspect of financial operations. Quantum computing has the potential to accelerate risk calculations, allowing for more comprehensive and accurate assessments. Complex financial models can be simulated in real-time, enabling institutions to make informed decisions and mitigate risks proactively. The speed and computational power of quantum computers offer a significant advantage in managing risk, resulting in more robust financial systems.
Conclusion
DNA quantum computing technology represents a significant breakthrough in the field of quantum computing, with far-reaching implications for financial data management and computational capabilities. Its advantages, such as massive parallelism, fault tolerance, and compact data storage, coupled with its capabilities in tackling complex financial problems, nanoscale repair mechanisms, and versatility, make it a technology of immense significance. By harnessing the power of DNA-based quantum computing, financial institutions can accelerate computations, gain valuable insights, enhance data security, and make informed decisions in real-time. As DNA quantum computing continues to evolve and mature, its potential to reshape the financial landscape becomes increasingly apparent, offering new horizons of efficiency, accuracy, and reliability in financial computations.
Over the past 13 years, quantum computing has evolved from a theoretical concept to a technology on the brink of revolutionizing financial data management. From data analysis and encryption to risk analysis and portfolio optimization, quantum computing offers unparalleled potential for enhancing the efficiency, security, and real-time management of financial systems globally.
Awake-In-3D | GCR RealTimeNews
https://ai3d.blog/declassified-dna-molecule-quantum-computing-qfs-technology-finally-revealed/
Awake-In-3D: Commercial Real Estate: A Likely Trigger for Fiat Financial System, then US Dollar Collapse
Awake-In-3D
Commercial Real Estate: A Likely Trigger for Fiat Financial System, then US Dollar Collapse
On June 20, 2023 By Awake-In-3D
CRE (Commercial Real Estate) debt is a ticking time bomb for the U.S. banking/financial industry. It’s forming a perfect storm with serious implications for the Fiat Dollar. Here’s what’s happening:
The FED has raised interest rates faster and higher that any time in history making CRE new loans far more expensive than a few years ago.
Tennant occupancy and lease revenues are are at an all time low due to the new work-from-home business landscape reality today.
As CRE Development and Property Management firms seek to refinance their properties, they no longer qualify for new loans due to the higher interest payments coupled with lower Tennant revenue streams.
Awake-In-3D:
Commercial Real Estate: A Likely Trigger for Fiat Financial System, then US Dollar Collapse
On June 20, 2023 By Awake-In-3D
CRE (Commercial Real Estate) debt is a ticking time bomb for the U.S. banking/financial industry. It’s forming a perfect storm with serious implications for the Fiat Dollar. Here’s what’s happening:
The FED has raised interest rates faster and higher that any time in history making CRE new loans far more expensive than a few years ago.
Tennant occupancy and lease revenues are are at an all time low due to the new work-from-home business landscape reality today.
As CRE Development and Property Management firms seek to refinance their properties, they no longer qualify for new loans due to the higher interest payments coupled with lower Tennant revenue streams.
Banks are increasingly tightening their lending standards to prevent further erosion of bank stability and risk aversion.
Many CRE properties will be forced into bankruptcy as loans dry up and foreclosures are ramping up each month right now.
Pension and Insurance firms holding CRE bonds for revenue (liquidity to pay beneficiaries and claims) will come under increasing operational stress as all perfect storm above plays out.
This will all culminate in U.S. Fiat Dollar weakness sparking a global fiat currency collapse.
U.S. CRE (Commercial Real Estate) assets grew to $6.0 trillion (23.0% of GDP) by the end of 2022. Life insurance companies hold 12% of that.
The U.S. Life Insurance sector holds about $900 billion, or 17% of their total cash and invested assets, in CRE – mostly in commercial mortgage loans (CMLs) and Commercial Mortgage Backed Securities (CMBS).
Over one-fifth of the industry’s total CRE exposure is to the office sub-sector, while another 16% is to retail.
Also, US Small Bank’s exposure to CRE has ballooned during the last few years. If CRE comes under stress as many fear, we will see a huge turmoil in the banking/financial sector.
There is growing concern over a potential commercial real estate (CRE) debt crisis that could trigger a collapse in the financial system and devalue the U.S. Dollar. While U.S. banks were viewed positively last year, the alarm has been raised due to smaller banks’ exposure to CRE, particularly commercial offices that have been financially impacted by the increase in remote work.
As downtown offices remain empty or underutilized, the value of office buildings is declining, and smaller banks hold a significant share of these assets. Unlike larger banks, which only have about 6% of their assets in CRE, many smaller banks have around 33% exposure to the sector. Small banks have historically faced challenges in commercial real estate, often leading to their failure. This creates additional stress on small banks and the associated risks to the economy. Banks are facing increased pressure to tighten credit standards while managing their declining CRE portfolios.
Furthermore, the Federal Reserve’s ongoing interest rate increases add to the concerns. While the decline in office occupancy hasn’t fully affected the CRE sector yet, many CRE loans are coming due in the coming months. This presents challenges for new lending and refinancing, as reduced rental revenues and higher interest rates for borrowing and refinancing pose significant obstacles.
The key problem is the potential impact of these risks on overall economic stability. Financial crises in specific sectors have historically spread through contagion to other sectors, causing dramatic economic pain. Past crises such as savings and loans, developing country debt, energy finance speculation, and the mortgage and securities crisis of 2008 have revealed the risks of speculative booms affecting the entire economy.
This time, the problem lies in a much larger financially driven crash associated with risky lending and contagion, primarily driven by small banks and CRE lending. If a contagion takes hold and spreads to other, already strained financial system sectors, the probability for a system-wide collapse increases exponentially. Then down goes the Fiat U.S. Dollar.
Awake-in-3D: "IMF’s Global CBDC Platform: Another Step Towards an Elitist Global Currency Reset?"
IMF’s Global CBDC Platform: Another Step Towards an Elitist Global Currency Reset?
On June 19, 2023 By Awake-In-3D
The IMF is developing a platform for central bank digital currencies to enable cross-border transactions, but this appears to be yet another step towards a global currency reset backed by fiat currency-based assets, including gold hoarded by central banks, leading to an elitist financial system. Is this the future of money, or a dangerous step towards economic inequality?
I have always held the view that there are two GCR scenarios heading our way. Our GCR and the Elitist Monetary Reset. This is obvious given that both sides know the current, global fiat system experiment is coming to its logical conclusion.
Both alternative systems will utilize assets. Our GCR is backed by off-ledger gold, their Reset will be backed by fiat currencies, perhaps SDRs (Strategic Drawing Rights), and perhaps some central bank gold reserves – which is why global central banks are buying gold in record amounts over the past 18 months.
IMF’s Global CBDC Platform: Another Step Towards an Elitist Global Currency Reset?
On June 19, 2023 By Awake-In-3D
The IMF is developing a platform for central bank digital currencies to enable cross-border transactions, but this appears to be yet another step towards a global currency reset backed by fiat currency-based assets, including gold hoarded by central banks, leading to an elitist financial system. Is this the future of money, or a dangerous step towards economic inequality?
I have always held the view that there are two GCR scenarios heading our way. Our GCR and the Elitist Monetary Reset. This is obvious given that both sides know the current, global fiat system experiment is coming to its logical conclusion.
Both alternative systems will utilize assets. Our GCR is backed by off-ledger gold, their Reset will be backed by fiat currencies, perhaps SDRs (Strategic Drawing Rights), and perhaps some central bank gold reserves – which is why global central banks are buying gold in record amounts over the past 18 months.
The IMF’s most recent announcement of their interconnecting CBDC payment platform initiative is their next step.
The International Monetary Fund (IMF) is developing a platform for central bank digital currencies (CBDCs) that will enable cross-border transactions. The IMF wants central banks to agree on a common regulatory framework for digital currencies to allow global interoperability.
Already, 114 central banks are exploring CBDCs, with about 10 having crossed the finish line. IMF Managing Director Kristalina Georgieva emphasized that CBDCs should be backed by assets, and that cryptocurrencies are an investment opportunity only when backed by assets. Georgieva also suggested that CBDCs could promote financial inclusion and reduce the cost of remittances.
The creation of a global CBDC platform would prevent the rising popularity of decentralized cryptocurrencies from filling a regulatory void. Critics suggest that this is another step towards a global currency reset backed by fiat currency-based assets, including gold hoarded by central banks, leading to an elitist financial system.
Article Reference: www.reuters.com/markets/imf-working-global-central-bank-digital-currency-platform-2023-06-19/
https://ai3d.blog/imfs-global-cbdc-platform-another-step-towards-an-elitist-global-currency-reset/
Awake-In-3D - GCR Comics Vault
GCR Comics Vault
“Nonsense wakes up the brain cells. And it helps develop a sense of humor, which is awfully important in this day and age. Humor has a tremendous place in this sordid world. It’s more than just a matter of laughing. If you can see things out of whack, then you can see how things can be in whack.”
Dr. Seuss
Between 2012 and 2015, the GCR scene was wildly prolific. It was akin to the Wild West of an evolving GCR landscape. I was writing prolifically on Dinar Land chat sites, always asking the “inconvenient questions” which often times got me outright banned from nearly every public chat room there was.
GCR Comics Vault
“Nonsense wakes up the brain cells. And it helps develop a sense of humor, which is awfully important in this day and age. Humor has a tremendous place in this sordid world. It’s more than just a matter of laughing. If you can see things out of whack, then you can see how things can be in whack.”
Dr. Seuss
Between 2012 and 2015, the GCR scene was wildly prolific. It was akin to the Wild West of an evolving GCR landscape. I was writing prolifically on Dinar Land chat sites, always asking the “inconvenient questions” which often times got me outright banned from nearly every public chat room there was.
We were being constantly told by the Intel Gurus of the day that the GCR was happening and even completed on a daily basis. Yet there was always a reason that we couldn’t exchange our IQD or VND. It was simultaneously stressful and frustrating.
These were the days when it was all about the IQD, VND, Iranian Rial and the Indonesian Rupiah. But then, the Zimbabwe Dollar hit the scene sparking an entirely new sphere in the RV/GCR landscape. Until that point, most of us couldn’t imagine that a currency denominated in amounts up to 100 Trillion could even exist Not to mention that these ZIM were Bonds, not currency notes.
Through all of the frustration and confusion, I began creating a series of GCR Comics to break the tension of the times with parody and humor. Some of you new to the GCR world may not recognize some of the faces and names mentioned in these comics, but the messages and memes conveyed are still relevant today.
I’ll place contextual captions under each comic where possible. New comics will be added periodically.
2013: I adopted the online “Bad Robot” avatar and the user name Awake-I’m-3D. The logo was eventually noticed by Hollywood legal folks and I had to abandon the Red Robot graphic in 2016.
2013: [Meme from the Bruce Willis movie “The Sixth Sense”] The constant reports of liquid funds moving from GCR Collateral Accounts to Paymasters worldwide.
2014: Awaiting the Dragon Family Elders to release GCR funding liquidity. Dave Schmidt was a prominent Dinar Land personality at the time discussing the Dragon Families and their connection to the GCR.
2015: Iraqi Prime Minister Abadi trying to get IMF Chairman Christine Lagarde’s attention for a multi-billion loan. Dinar Land “Intel” stated that once Iraq secured this IMF loan, the RV would be triggered. We were also being told that the IMF was bankrupt and closed down.
2017: [Meme on the Keanu Reeves movie “Bill & Ted’s Excellent Adventure”] Disclosure of NESARA and the GCR kept missing “back wall” dates. I figured the one’s tasked with Disclosure had signed NDAs and couldn’t disclose the Disclosure.
2015: Scarface Tony Montana wants to get rid of his Fiat Dollars after he learns about the GCR
2015: Tony Montana goes all in on ZIM 100T Bond notes. Growing tired of waiting for the GCR to happen, he confronts a banker to redeem his ZIM.
2015: After redeeming his ZIM, Tony learns he only got the Public Tier 5 rate of instead of the Private Tier 4 rate.
Awake-In-3D: The End of Global Fiat Currencies: China’s Belt and Road Initiative and the BRICS Alliance Sets the Stage for Our GCR
Awake-In-3D
The End of Global Fiat Currencies: China’s Belt and Road Initiative and the BRICS Alliance Sets the Stage for Our GCR
On June 16, 2023 By Awake-In-3D
The rapid advancement of China’s Belt and Road Initiative and the BRICS Alliance’s plans to create a new gold-backed currency sets the stage for Our Global Currency Reset, bringing an end to the reign of global fiat currencies when the current financial system collapses.
As the world becomes increasingly interconnected, the West is threatened by the success of the BRI and is responding with a proxy war against Russia and a rival infrastructure investment partnership. China and the BRICS Alliance are committed to cooperation, sustainable security, and a new global financial system that is fair, equitable, and gold-backed. In this article, I outline how this new era of global economic power dynamics will unfold and what it means for the future of the world economy.
Awake-In-3D:
The End of Global Fiat Currencies: China’s Belt and Road Initiative and the BRICS Alliance Sets the Stage for Our GCR
On June 16, 2023 By Awake-In-3D
The rapid advancement of China’s Belt and Road Initiative and the BRICS Alliance’s plans to create a new gold-backed currency sets the stage for Our Global Currency Reset, bringing an end to the reign of global fiat currencies when the current financial system collapses.
As the world becomes increasingly interconnected, the West is threatened by the success of the BRI and is responding with a proxy war against Russia and a rival infrastructure investment partnership. China and the BRICS Alliance are committed to cooperation, sustainable security, and a new global financial system that is fair, equitable, and gold-backed. In this article, I outline how this new era of global economic power dynamics will unfold and what it means for the future of the world economy.
The BRI and EAEU Integration
China’s President Xi Jinping and Russia’s President Vladimir Putin have fully integrated their strategy at the level of Belt and Road Initiative (BRI) and Eurasian Economic Union (EAEU) interaction. They aim to boost connectivity with Afghanistan, Pakistan, and Iran and prevent foreign interference and color revolution attempts that could disturb BRI. Putin emphasized working with China to “link the integration processes” of EAEU and BRI, thus “implementing the large-scale idea of building a large-scale Eurasian partnership.”
The G7’s Response
The West, on the other hand, is using the new Western mantra of “de-risking” to contain China. They have committed to raising $600 billion for a Global Infrastructure Investment Partnership to rival BRI. However, no serious Global South player thinks they are being “coerced” to join BRI. In fact, the G7’s efforts have been deemed a thinly disguised exercise about “containing” China.
China’s New Security Initiative
At the recent Shangri-La dialogue platform in Singapore, State Councilor and Defense Minister General Li Shangfu explained China’s “New Security Initiative”. He stressed the concept of “common, comprehensive, cooperative, and sustainable security” and dismissed the “so-called ‘Indo-Pacific strategy’” as a tawdry Hegemon rant. Li made it clear that Taiwan is China’s Taiwan, and how to solve the Taiwan question is the Chinese people’s business.
China vs. The West
As China’s BRI gains momentum and its alternative development model gains popularity in the Global South, the West is becoming increasingly threatened. The US/NATO proxy war against Russia in Ukraine is seen as a move to interrupt BRI’s progress and halt its potential success. Meanwhile, China is committed to working with all parties to strengthen the awareness of an “Asia-Pacific community with a shared future,” emphasizing the importance of cooperation and sustainable security.
What it all Means
As China’s Belt and Road Initiative gains momentum and its alternative development model gains popularity in the Global South, it is also coupled with the BRICS Alliance growth and plans to create a new gold-backed currency.
This is the blueprint and sets the stage for Our Global Currency Reset, bringing an end to the reign of global fiat currencies when the current financial system collapses.
While the West is threatened by the BRI’s success and is responding with a proxy war against Russia and a rival infrastructure investment partnership, China and the BRICS Alliance are committed to cooperation, sustainable security, and a new global financial system that is fair, equitable, and gold-backed. It remains to be seen which model will prevail, but the stage is set for a new era of global economic power dynamics.
Awake-In-3D The Rise of New Geopolitical Alliances Uniting to Replace Fiat Currencies and Resetting the Global Financial Order
Awake-In-3D
The Rise of New Geopolitical Alliances Uniting to Replace Fiat Currencies and Resetting the Global Financial Order
On June 15, 2023 By Awake-In-3D
Setting the stage for Our GCR, a seismic shift is underway in the global financial arena as new geopolitical alliances challenge the dominance of the US Dollar-based monetary system. With China’s expansion in Riyadh and Egypt’s pursuit of BRICS membership, a paradigm shift is on the horizon. Brace yourself for a provocative exploration of how these alliances aim to reset the global financial order, offering an alternative to the US Dollar and reshaping the balance of power in the world economy. The winds of change are blowing, and the implications are profound.
Now is a good time to summarize what’s been happening so far ahead of the upcoming 2023 Annual BRICS Summit in August.
Awake-In-3D
The Rise of New Geopolitical Alliances Uniting to Replace Fiat Currencies and Resetting the Global Financial Order
On June 15, 2023 By Awake-In-3D
Setting the stage for Our GCR, a seismic shift is underway in the global financial arena as new geopolitical alliances challenge the dominance of the US Dollar-based monetary system. With China’s expansion in Riyadh and Egypt’s pursuit of BRICS membership, a paradigm shift is on the horizon. Brace yourself for a provocative exploration of how these alliances aim to reset the global financial order, offering an alternative to the US Dollar and reshaping the balance of power in the world economy. The winds of change are blowing, and the implications are profound.
Now is a good time to summarize what’s been happening so far ahead of the upcoming 2023 Annual BRICS Summit in August.
Key Facts
The Middle East’s sovereign funds are projected to reach $10 trillion by 2030.
China anticipates receiving between $1 trillion and $2 trillion in investment inflows from the Middle East.
Egypt joined the BRICS New Development Bank, which could help the country address its economic crisis – shunning the IMF.
More than a dozen new countries have expressed interest in joining BRICS over the past few months alone.
BRICS foreign ministers expressed willingness to admit new members, including Saudi Arabia.
The Bank of China is set to open its first branch in Riyadh, Saudi Arabia by November 2023.
The Bank of China aims to introduce the Chinese yuan to the world and promote its use in commercial transactions.
Egypt has officially applied to join the five-member BRICS bloc of emerging economies.
Egypt is interested in BRICS’ initiative to maximize trade transfers to alternative currencies and potentially create a joint currency.
Egypt is planning to pay for imports from India, China, and Russia in their local currencies instead of the US dollar.
Strategically-improtant Middle-eastern nations including Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have all formally asked to join BRICS.
The Hong Kong Stock Exchanges and Clearing Ltd predicts that more than 10 to 20 percent of the Middle East’s sovereign funds will be invested in China.
In a rapidly changing world, new geopolitical alliances are forming as a transformative response to the existing global financial order dominated by the US Dollar-based fiat currency system. These alliances are driven by the goal of offering an alternative, asset-backed monetary system that challenges the hegemony of the US Dollar and resets the global financial and currency system. This article delves into the motivations behind these alliances and explores how they seek to reshape the global financial landscape, offering a more diversified and multipolar approach to global governance.
The Bank of China Expands in Riyadh: An Alternative to the US Dollar
The Bank of China’s decision to open its first branch in Riyadh represents a significant step towards establishing an alternative to the US Dollar-dominated monetary system. By introducing the Chinese yuan as a global currency and promoting its use in commercial transactions, China aims to challenge the US Dollar’s role as the primary global reserve currency. This move encourages other countries to consider diversifying their currency holdings and reduces their dependence on the US Dollar. As China strengthens its economic ties with the Arab world, this alliance poses a substantial challenge to the existing financial order.
Egypt’s Pursuit of BRICS Membership: A Shift in Trade Mechanisms
Egypt’s official application to join BRICS signifies its intention to be part of an alliance that seeks to reset the global financial and currency system. BRICS countries, including Brazil, Russia, India, China, and South Africa, are actively engaged in maximizing trade transfers to alternative currencies and exploring the creation of a joint currency. Egypt’s interest in joining BRICS reflects its desire to reduce its reliance on the US Dollar and seek alternative trade mechanisms that promote financial independence and stability. By diversifying payment mechanisms and forging closer economic ties with BRICS nations, Egypt aims to recalibrate international trade and contribute to reshaping the global financial landscape.
BRICS: Catalyst for a Paradigm Shift in Global Finance
BRICS, with its vision of a more inclusive multilateralism, aims to reset the global financial landscape by challenging the dominance of Western-dominated institutions. The bloc, through its willingness to admit new members, including Saudi Arabia, seeks to rebalance the global order and provide a platform for nations to assert their economic sovereignty. By fostering partnerships and collaboration among member countries, BRICS offers an alternative framework for global governance that accommodates diverse interests and perspectives. The potential expansion of BRICS membership and the interest from nations worldwide signals a paradigm shift in the global financial and currency system.
Economic Implications: Redefining Investment Patterns and Currency Usage
As new alliances emerge, the economic implications reverberate throughout the global financial system. China stands to benefit from the Middle East’s sovereign funds, which are projected to reach $10 trillion by 2030. The redirection of a significant portion of these funds towards investments in China provides an alternative investment avenue and diversifies away from traditional Western markets. Furthermore, Egypt’s plans to trade in local currencies with countries like India, Russia, and China present an opportunity to reduce dependency on the US Dollar and establish a more diversified and robust trade ecosystem. These shifts in investment patterns and currency usage reset the balance of economic power and contribute to the ongoing transformation of the global financial landscape.
Summary
The formation of new geopolitical alliances and the pursuit of alternative monetary systems mark a significant shift in the global financial and currency system. By challenging the US Dollar-dominated fiat currency system, these alliances aim to reset the global financial landscape and promote a more diversified and multipolar approach to global governance. The Bank of China’s expansion in Riyadh, Egypt’s pursuit of BRICS membership, and the growing interest from nations worldwide reflect a desire for financial autonomy and the need to redefine trade mechanisms.
As these alliances gain momentum and control over essential resources, such as energy and rare earth minerals, they contribute to reshaping the geopolitical dynamics and offer an alternative to the US Dollar-based monetary system. The global financial order is undergoing a transformation, and the rise of these new alliances signifies a resetting of the global financial and currency system towards a more balanced and interconnected future.
Source: GCR Real-Time News
Awake-In-3D: GCR Update: Iraq’s Budget – A Recipe for Disaster
Awake-In-3D
GCR Update: Iraq’s Budget – A Recipe for Disaster
On June 14, 2023 By Awake-In-3D
Is this a GCR signpost? Seriously? IRAQ IS NOT READY TO FLOAT HER CURRENCY. Hence, any rumors of such an IQD RV, without GCR gold and infrastructure, are simply wishful thinking. Our GCR is critical to Iraq’s RV.
Iraq’s Parliament recently approved a 2023 budget of 198.9 trillion Iraqi dinars ($153 billion), allocating record funds for public wage bills and development projects. However, the budget deficit is estimated at a record 64.36 trillion Iraqi dinars, and Iraq’s increasing dependence on oil revenue is a risk to its economic independence.
Here’s my analysis in detail…
Awake-In-3D
GCR Update: Iraq’s Budget – A Recipe for Disaster
On June 14, 2023 By Awake-In-3D
Is this a GCR signpost? Seriously? IRAQ IS NOT READY TO FLOAT HER CURRENCY. Hence, any rumors of such an IQD RV, without GCR gold and infrastructure, are simply wishful thinking. Our GCR is critical to Iraq’s RV.
Iraq’s Parliament recently approved a 2023 budget of 198.9 trillion Iraqi dinars ($153 billion), allocating record funds for public wage bills and development projects. However, the budget deficit is estimated at a record 64.36 trillion Iraqi dinars, and Iraq’s increasing dependence on oil revenue is a risk to its economic independence.
Here’s my analysis in detail…
IMF warns of mounting deficits and financial pressure
The International Monetary Fund (IMF) warns that the increasing public wage bill would contribute to mounting deficits and financial pressure, barring a big increase in oil prices. To break even, Iraq requires an oil price of $96 bpd, while the price averaged $71.30 bpd in May. The IMF recommends that Iraq implement a significantly tighter fiscal policy to strengthen resilience and reduce the government’s dependence on oil revenues while safeguarding critical social spending needs.
Iraq ignores recommendations to tighten fiscal policy
Despite the IMF’s recommendations, Iraq’s budget adds more than half a million new public sector workers, including contractors, daily employees, and full-time staff. This hiring flies in the face of the recommendations of many observers who say Iraq should tighten fiscal policy. Mohammed Nouri, a member of the Parliament’s finance committee, revealed that more than a million new workers were added, raising the total cost of public wages and pensions to more than $58 billion. Ahmed Tabaqchali, a visiting fellow at the London School of Economics Middle East Center, put the figure of new employees at about 600,000.
Budgets frequently delayed due to instability and political disputes
Iraq’s budgets are supposed to be adopted before the beginning of the year they cover but are frequently delayed or not passed at all due to instability and political disputes. This instability, coupled with Iraq’s increasing dependence on oil revenues, is a recipe for disaster. The country has one of the fastest-growing populations in the world, projected to double from 43 million to about 80 million by 2050. Most of the economy is state-led, with high unemployment and frequent protests over various discontent.
Iraq’s reliance on oil revenue is a risk to its economic independence
Iraq’s increasing dependence on oil revenue is a risk to its economic independence. The budget is based on an oil price of $70 per barrel and projections of oil exports at 3.5 million barrels per day, including 400,000 bpd from the semi-autonomous Kurdistan region. The budget sets the exchange rate for oil revenues in U.S. dollars at 1,300 Iraqi dinars per dollar. It will remain valid through 2025, though it is subject to amendment, including to the oil price it uses given its near-total dependence on oil revenue.
Iraq’s decision to add more public sector workers, coupled with its increasing dependence on oil revenue, is a recipe for disaster. The more the country increases its spending, the more vulnerable it becomes. The budget’s projections of oil exports at 3.5 million barrels per day, including 400,000 bpd from the semi-autonomous Kurdistan region, are not sustainable given Iraq’s near-total dependence on oil revenue.
Kurdistan issue addressed in the budget
The budget takes steps to address long-standing issues between Iraq and the semi-autonomous Kurdistan region, with its oil revenues set to be deposited in an account overseen by the Iraqi central bank.
This move comes after Kurdistan unilaterally exported crude via Türkiye despite Baghdad’s objections. However, the flows have not resumed, and the country is still dependent on oil revenue. Under an agreement signed between Baghdad and Irbil in April, Iraq’s state-run marketing company SOMO will have the authority to market and export crude oil produced from fields controlled by the Kurdish region.
How Could this affect the Iraqi Dinar Exchange Rate Without a GCR?
This hesitancy could lead to a decrease in the demand for the Iraqi dinar, which would result in its value decreasing relative to other currencies. Additionally, if the IMF’s warnings about mounting deficits and financial pressure come to fruition, this could also lead to a decrease in the value of the dinar. Therefore, it is important for Iraq to take steps to address its financial situation and reduce its dependence on oil revenues to maintain the value of its currency on the world exchange rates.
Conclusion
IRAQ IS NOT READY TO FLOAT HER CURRENCY. Hence, any rumors of such an RV without GCR gold and infrastructure are simply wishful thinking.
Iraq must take steps to address its financial situation and reduce its dependence on oil revenues. A significantly tighter fiscal policy is needed to strengthen resilience and reduce the government’s dependence on oil revenues while safeguarding critical social spending needs.
The country’s decision to add more public sector workers, coupled with its increasing dependence on oil revenue, is a recipe for disaster. The IMF has warned that Iraq’s increasing public wage bill would contribute to mounting deficits and financial pressure, barring a big increase in oil prices. Iraq’s budgets are frequently delayed or not passed at all due to instability and political disputes, and the country has one of the fastest-growing populations in the world. Iraq’s reliance on oil revenue is a risk to its economic independence, and it remains to be seen whether the country will take steps to address the situation.
The increasing dependence of Iraq’s economy on oil revenue, coupled with the country’s decision to add more public sector workers, could negatively impact the value of the Iraqi dinar on the world exchange rates. Investors may become hesitant to invest in a country with a growing budget deficit that is heavily reliant on a single commodity.
Ai3d.blog
Awake-In-3D Asian Clearing Union agrees to use Iran’s financial messaging system as SWIFT alternative
Awake-In-3D
Asian Clearing Union agrees to use Iran’s financial messaging system as SWIFT alternative
On June 14, 2023 By Awake-In-3D
The Asian Clearing Union (ACU) has announced that it will replace SWIFT, a dollar-based international system, with Iran’s financial messaging system, SEPAM, as an alternative in trade exchanges between ACU members starting next month.
The move is part of a broader de-dollarization trend that is being driven by growing rebellion against US dollar dominance and the US government’s use of economic warfare to punish countries that resist its agenda.
Awake-In-3D
Asian Clearing Union agrees to use Iran’s financial messaging system as SWIFT alternative
On June 14, 2023 By Awake-In-3D
The Asian Clearing Union (ACU) has announced that it will replace SWIFT, a dollar-based international system, with Iran’s financial messaging system, SEPAM, as an alternative in trade exchanges between ACU members starting next month.
The move is part of a broader de-dollarization trend that is being driven by growing rebellion against US dollar dominance and the US government’s use of economic warfare to punish countries that resist its agenda.
The adoption of Iran’s SEPAM by the ACU will be an interim measure as the ACU plans to develop its own messaging system over the next few months. The ACU comprises the central banks of India, Pakistan, Iran, Bangladesh, Myanmar, Maldives, Nepal, Sri Lanka, and Bhutan. Belarus and Mauritius applied for ACU membership at the May summit meeting.
Russia and Belarus have been excluded from SWIFT, and they have established their own alternative connection by linking Iran’s SEPAM with the Financial Messaging System of the Bank Of Russia. Russian Deputy Prime Minister Alexander Novak has said that approximately 80% of their mutual settlements are in national currencies: rials and rubles.
The trend of de-dollarization is the inevitable outcome of the US government’s use of economic warfare to punish countries that resist its agenda. The quantity of US sanctions has increased by 933% between 2000 and 2021. Countries are compelled to look for non-dollar trade alternatives to avoid being targeted over some future controversy with Washington.
ACU’s move follows a growing assortment of other de-dollarization initiatives around the world. China and France’s Total trade liquid national gas in yuan, Russia and China use the ruble or yuan for more than 70% of their trade, India and Russia trade oil in rupees, Banco BBM from Brazil has joined China’s SWIFT alternative, and 19 countries are applying to join BRICS.
As the world-changing transition towards de-dollarization continues, the global western financial system hegemony is bleeding from within. In this environment, it is no wonder that the Russia-China strategic partnership exhibits no intention of interrupting the “enemy” when he is so busy defeating themselves.
