What Russia And Iran JUST Announced Will Transform Everything!

What Russia And Iran JUST Announced Will Transform Everything!

Tech Revolution:  2-15-2024

One agreement currently under the spotlight is the newly forged 20-year cooperation pact between Russia and Iran.

Let's delve deeply into this momentous partnership and dissect its multifaceted implications, leaving no stone unturned.

The 20-year cooperation agreement between Russia and Iran represents a monumental shift in regional geopolitics with sweeping implications across various domains. This comprehensive deal, known as 'The Treaty on the Basis of Mutual Relations and Principles of Cooperation between Iran and Russia,' signifies a significant departure from previous agreements and sets the stage for a deepening partnership between the two nations.

At its core, the agreement aims to strengthen cooperation in key areas such as defense, energy, and trade. Unlike the previous 10-year deal signed in 2001, which focused primarily on economic ties, this new agreement encompasses a broader scope of collaboration, reflecting the evolving priorities and interests of both countries.

One of the most striking aspects of the agreement is its impact on energy dynamics. By granting Russia access to extract resources from Iran's Caspian Sea region, particularly the vast Chalous field estimated to hold billions of barrels of oil and trillions of cubic feet of natural gas, the deal opens up new opportunities for energy cooperation between the two nations.

 Additionally, Russia's joint command capabilities in certain sectors of Iran's Caspian area underscore the strategic significance of this partnership in shaping regional security dynamics.

 Economically, the agreement seeks to reduce reliance on the US dollar in bilateral trade by facilitating transactions in local currencies, thereby circumventing US sanctions and strengthening financial autonomy.

 This move reflects a broader trend towards de-dollarization in international trade and finance, with implications for global economic governance and monetary policy.

 Military cooperation is another key component of the agreement, with provisions for the transfer of advanced military technology and training from Russia to Iran. This includes state-of-the-art missile systems such as the Kh-47M2 Kinzhal, Iskander M, RS-26 Rubezh, BrahMos3, and Avangard, which have the potential to significantly enhance Iran's military capabilities and alter the regional balance of power.

Beyond the immediate bilateral implications, the agreement has broader geopolitical ramifications, reshaping alliances and power dynamics in the Middle East, southern Europe, and Asia. Iran's strengthened military reach and enhanced political leverage may prompt neighboring countries to reassess their security arrangements and relationships with external powers, potentially challenging US hegemony in the region.

Despite its significance, the agreement has elicited a relatively muted response from Western powers, reflecting concerns over the implications for regional stability and US interests. The prospect of joint responses from Russia and Iran to US actions, as well as the potential blunting of US sanctions through international trade with China, adds another layer of complexity to global power dynamics and highlights the shifting contours of international relations in the 21st century.

In conclusion, the 20-year cooperation agreement between Russia and Iran represents a watershed moment in regional geopolitics with far-reaching implications for energy security, economic relations, military cooperation, and global power dynamics.

As the two countries deepen their partnership and expand their influence, the geopolitical landscape of the Middle East and beyond is poised for significant transformation in the years to come.

 More Details In The Video

https://www.youtube.com/watch?v=jtx4f1WEY90

More News, Rumors and Opinions Friday Afternoon 2-16-2024

KTFA:

Frank26:  "THE EXCHANGE RATE OF THE IRAQI DINAR IS THE HOT TOPIC IN THE WORLD!!!"..........F26

 Due to the rise in exchange rates...a parliamentary movement to speed up the approval of the “salary scale”

2/13/2024  - Baghdad
 Independent MP Nazem Al-Shibli stressed today, Tuesday, the necessity of accelerating the approval of the new salary scale to address fluctuations in prices due to the continuous rise in the exchange rate of the dollar against the local currency.

Al-Shibli said in an interview followed by Al-Iqtisad News, “There is a parliamentary move to accelerate the completion and approval of the new salary scale to raise the salaries of those with lower grades, improve their living conditions, and confront fluctuations in market prices.”

He added, "The government must explain the steps it has taken regarding amending the salary scale for state employees, which will contribute to achieving social justice."

Al-Shibli pointed out that "there is a large disparity in salaries within the same category in state ministries, despite the similarity of working hours."

Most employees in state departments are still awaiting a decision from the government regarding the new salary scale, especially after many parliamentary requests to prepare the scale to achieve justice among employees in various ministries.

The Presidency's Media Department denied what was broadcast by one of the channels about President Abdel Latif Gamal Rachid submitting a request to visit America, describing the widespread information as "misleading", stressing that it has nothing to do with reality. LINK

**

Frank26:  "SUDANI WELCOMES THE WORLD FOR IRAQ'S ECONOMIC REFORM...AND THE WORLD IS POURING IN !!!"............F26    

Clare:  Minister of Commerce: International welcome and desire to increase investments in Iraq

 2/15/2024  Cairo - INA - Rasha Muhammad,

Minister of Trade, Atheer Al-Ghurairi, revealed today, Thursday, a wide welcome and international desire to increase investments inside Iraq, while confirming the holding of meetings with 3 countries in this regard.

 Al-Ghurairi said during his participation in the 113th session of the Economic and Social Council, which was held at the Arab League, in a speech followed by the Iraqi News Agency (INA):

“Iraq today seeks, within the government program of Prime Minister Muhammad Shia al-Sudani, to improve the investment environment and seeks to receive private sector companies with the aim of improving reality.” "The economic situation in Iraq and the announcement of the availability of great investment opportunities."

He added, "There are many important projects in Iraq, including the development road and the railway line between Holy Karbala and Najaf Al-Ashraf," noting "the necessity of encouraging investments from the private sector inside Iraq."

He added, "Iraq seeks to increase investment projects with Arab countries," noting, "There are major initiatives by Arab countries, and there was a great welcome from them to increase investments in Iraq and implement many economic agreements and conferences, and there are many protocols implemented with countries." The UAE, Qatar, and Egypt formed committees that included delegations from businessmen and the private sector inside Iraq, and we noticed a tangible change in the management of the economic file and the general economic policy of the Iraqi state.”

He pointed out, "The meeting came out with many decisions that were approved, including enhancing intra-trade, liberalizing trade in goods, and welcoming Iraq's accession to the World Trade Organization."

He stressed, "This is what Iraq aspires to, as its steps have begun to convey their messages to all countries, and the Iraqi economy will witness a significant recovery during the coming period in order to achieve common interests and achieve mutual benefit between Iraq and the Arab countries."

He pointed out that "there are rapid initiatives in infrastructure investment with the Egyptian, Qatari and Emirati sides through many agreements concluded during the previous period."

LINK

Calandlq:  There have been many mic drops occur over the years, but this article is quite significant, not by itself, but merely one more proof positive that this thing is about to blow, IMO of course

 ****************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  Al Suandi is on TV news Channel One saying the best and the only way to improve the electronic payment system is the CBI should remove the three zeros, print the new currency (lower denoms?) and give us a one month period to exchange our currency.  This will show the power of the dinar over the dollar...He also said this will get rid of citizen holding cash and any smugglers and money laundering. FRANK:  ...That's what they're about to introduce to you, your new exchange rate to match your lower notes...the lower notes will only work with a new exchange rate.  I can't believe they keep saying this to you constantly every day...You are within arms reach...One month...I believe they'll give you longer than that.  Outside with us it should also be a longer time to exchange...

Mnt Goat   We are still waiting for the CBI’s measures to take hold to control the parallel market rate and then so they can go ahead and raise the program rate one more time, as I am told by my CBI contact is still going to happen...we must just sit tight and let them work through these issues of the parallel rate. The CBI will get it under control. As you know Iraq doesn’t work like Speedy Gonzalas...

Big Problems With The Big Banks | Francis Hunt

Liberty and Finance:  2-15-2024

While Fed chair Jerome Powell says the situation for the big banks is manageable, Francis Hunt believes otherwise. "All the true problems are truly with the big banks," he says.

 He discusses the precious metals markets amid the recent pullback. Hunt sees further downside for gold in the short-term. But long-term, he is bullish on gold as well as other monetary alternatives like silver and Bitcoin.

INTERVIEW TIMELINE:

0:00 Intro

1:20 Banking system

3:30 Gold pullback

17:35 Silver update

 20:45 Bitcoin update

30:25 Gold timeframes

https://www.youtube.com/watch?v=C4MMa3GNpmE

News, Rumors and Opinions Friday 2-16-2024

From Recaps Archives:  

Daz:   ITS EASY TO BELIEVE IN JUST THE FACTS 

I SUSPECT MUCH OF THE STUFF WE HAVE HEARD FROM ALL OVER THE NET OVER THE YEARS CONTAINS AN ELEMENT OF TRUTH..SOME MORE THAN OTHERS OF COURSE.

I DETERMINED LONG AGO THAT THERE HAVE BEEN VERY FEW DELAYS IN THE PROCESS. BUT THERE HAVE BEEN A LOT OF COURSE CORRECTIONS AND FALSE STARTS...AND THE RV WAS EVEN USED AT TIMES AS A TOOL TO PRY OPEN A FAULT OR WEAK SPOT THAT NEEDED REPAIR OR ARREST.

WITH ALL PROCESSES YOU MUST SET GOALS AND THOSE GOALS ARE MARKERS TO MEASURE PROGRESS TOWARDS A FINAL SUCCESSFUL RESOLUTION. SOMETIMES THOSE GOALS ARE HIT...AND SOMETIMES THEY ARE MISSED...BUT EITHER WAY YOU ADAPT, ADJUST AND TRY TO NAVIGATE A NEW OR MORE SUCCESSFUL PATH TO THE END OF IT...ULTIMATELY, IT IS JUST A PROCESS.

I ALWAYS GO BACK TO A SINGLE PIECE OF INFORMATION THAT IN PART, SHOWS CLEARLY A FEW SIMPLE FACTS. AND FOR ME, ITS THE FOUNDATION OF MY CONFIDENCE AND TRUST.

WITH THAT SAID, LETS LOOK AT WHAT WE "KNOW".
__________________________________

IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY.

IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT.

THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY.

DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004.

THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD.

AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET...  THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON".

IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.

HANG IN THERE BUT...KEEP LIVIN'.

WE'RE READY WHEN THEY'RE READY.

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Walkingstick  The Government of Iraq is soon to receive the funding for everything that is waiting for a new international exchange rate, for everything the world is waiting for, for what you're waiting for, for what the Iraqi citizens are desperately in need of.

Frank26   Question:  "Do we have to have our currency for over a year?  For tax purposes, yeah.  If you have your currency for at least one year you're in the about 20% tax bracket.  If you have had it for less than one year and you exchange it you're in about the 40%.  If you have had it for one year and you don't have a receipt, you're in the 40%.  If you've had it for one year and you got a receipt you're in the 20%. [NOTE:  Some gurus feel the dinar exchange will be taxed as capital gains, others feel ordinary income and other not taxed at all.  The only opinion that matters is the IRS's - Consult a tax professional at the appropriate time to determine the right tax for your unique circumstances.]

Fed is a Scam and Lying About Numbers, We’re Spiraling into Economic Disaster: Bubba Horwitz

ITM Trading:  2-14-2024

Daniela Cambone engages in a conversation with market expert Todd “Bubba” Horwitz, the founder of BubbaTrading.com, delving into topics such as the trajectory of gold in 2024, the U.S. dollar, the current economic landscape, and the "Taylor Swift Effect".

Horwitz predicts that gold will reach an all-time high this year, emphasizing the importance of including metals in every portfolio, particularly physical ones rather than paper assets, due to concerns about the flaws in the fiat currency system and the risk of currency devaluations.

He also challenges the reliability of optimistic employment figures, suggesting that they fail to accurately reflect the true state of the economy.

“Next month when they come out with the jobs number again, I'm sure the revised just went lower,” he remarks.

Furthermore, Horwitz expresses his admiration for Taylor Swift and recognizes the positive impact she has had on both the economy and the younger generation.

Watch the video for further insights.

CHAPTERS:

 00:00 Super Bowl atmosphere

1:46 Biden’s comments on inflation

2:59 U.S. economic status quo

 5:49 When will the Fed make the change?

7:32 Jay Powell on 60 Minutes

 8:26 Gold outlook

10:44 Gold price trajectory

11:45 U.S. dollar

 13:19 Swift effect

https://www.youtube.com/watch?v=Q2wfVnfLMiw

"Tidbits From TNT" Friday Morning 2-16-2024

TNT:

CandyKisses:  Al-Sayhoud: Al-Sudani's visit to the Netherlands is an extension of a comprehensive government program aimed at building and developing the country and upgrading its economic, commercial and security joints

 Baghdad / Nina / The Secretary-General of the Generations Gathering MP Mohammed Saadoun Al-Sayhoud promised the visit of Prime Minister Muhammad Shia Al-Sudani to the Kingdom of the Netherlands as an extension of a comprehensive government program aimed at building and developing the country and upgrading its economic, commercial and security joints.

Al-Sayhoud explained in a press statement today that: The visit of Prime Minister Mohamed Shia Al-Sudani to the Kingdom of the Netherlands came to enhance ways of joint cooperation in many fields, especially agricultural, economic and trade, given that the Netherlands is one of the major countries economically and security, and therefore the trade and agricultural exchange and the development of expertise with it will cast a shadow on the frameworks of development, economy and investment to advance and upgrade the country to a better level.

He added that: Strengthening international and regional relations between Iraq and the countries of the world in the midst of the work of the Sudanese government and its reform and service program has come a long way in the development and construction of Iraq, especially after the isolation and heavy legacy left by previous governments, and therefore Iraq's leap in the field of building strategic bridges with the countries of the world under the Sudanese government will create a broad and fertile climate for building the country and developing all its fields.

Tishwash:  Al-Sudani urges British companies to go to Iraq: We have fertile ground for investment

Prime Minister Muhammad Shiaa Al-Sudani stressed, this Friday morning, that Iraq has become a “fertile land” for investment and economic work, calling on British companies to search for their opportunities in the Iraqi environment.

Al-Sawadni’s media office stated in a statement received by Shafaq News Agency, that the latter received British Foreign Minister David Cameron, on the sidelines of participation in the Munich Security Conference 2024.

During the meeting, Al-Sudani discussed bilateral relations between Iraq and the United Kingdom, and the importance of upgrading and strengthening them in all aspects, in a way that serves the common interests of the two friendly countries, noting that Iraq today represents fertile ground for investments and economic work, and that the doors of investment are open to British companies.

He pointed out that the government seeks to organize work with the international coalition, move towards ending its presence in Iraq, and move to multiple bilateral relations with the coalition countries.

Regarding the situation in Gaza, Al-Sudani stressed the need for the major powers to exercise their role in ending the ongoing war in the Palestinian territories, and stopping its repercussions on the security of the region and the world, and the necessity of protecting civilians and providing urgent humanitarian aid to them, after the comprehensive destruction caused by the occupation forces in the Gaza Strip.

For his part, Cameron expressed his country's desire to expand relations with Iraq, to ​​achieve mutual benefit, stressing that these relations should not be limited to the security aspect, which is being organized through Britain's participation in the international coalition, but rather his country desires to find multiple partnerships with Iraq, especially in economic and development aspects.  link

**************

CandyKisses: Within 10 months. About 318,000 cargo trucks crossed from Iran to Iraq

Twilight News / The Director General of Customs of the Iranian province of Kermanshah, Ali Asghar Abbaszadeh, announced on Thursday, that about 318 thousand trucks loaded with various goods crossed through the port of Kermanshah to Iraq in ten months.

Quotes Iranian Mehr Agency, in a report translated by Shafaq News Agency, about Abbaszadeh, He said that the number of trucks exporting goods in ten months of this year (the Iranian year) starts on March 21), which crossed into Iraq from Kermanshah customs amounted to 317,000 and 898 trucks.

He added That the customs of Pervizkhan border with Iraq had the largest share of trucks carrying Goods, numbering 119,039 trucks.

Noted The share of Khosravi customs in trucks amounted to 79,542 trucks, and Sumar customs 61 Two thousand and 237 trucks, and Sheikh Saleh customs 35 Two thousand and 285 trucks, and the Shoshmi customs had a quota of 22 thousand and 795 trucks.

And seal Abbaszadeh said that the total load of exported trucks amounted to 6 million and 75 thousand and 865 tons, pointing out that the value of these goods amounts to two billion and 587 million dollars, and one of the most important commodities Export rebar, iron, ceramic tiles, building stones, fruits vegetables, dairy products, all kinds of plastic products, containers that Disposable use.

CandyKisses:  Prime Minister: The development road project is a large economic corridor linking the port of Faw with Europe via Turkey

Economy News - Baghdad

Prime Minister Mohamed Shia Al-Sudani confirmed on Thursday that the development road project is a large economic corridor linking the port of Faw with Europe via Turkey, while revealing that the port will be opened in mid-2025.

The Prime Minister's Media Office said in a statement, seen by "Economy News", that "Prime Minister Mohamed Shia Al-Sudani attended a dialogue seminar held on the sidelines of his official visit to the Netherlands, in the presence of a group of businessmen and representatives of 40 Dutch companies."

Al-Sudani pointed - according to the statement - to "bilateral relations with the Netherlands, and the aspiration to develop them, especially in the economic aspect," stressing, "Iraq is going through a state of recovery today, at various levels, after overcoming the stage of the war on ISIS, in which the Iraqi people won, with the support and backing of the international community, and the Netherlands was among the countries supporting these efforts."

On the other hand, he added, "We asked the international coalition to end its 10-year mission in Iraq, in light of the readiness and efficiency of the Iraqi security services," noting, "The government has priorities, including reforming the Iraqi economy, and we cannot continue to rely on oil revenues only."

He continued, "We are moving on two tracks: the first is to achieve reforms in various economic, banking and financial sectors, and gas investment, and the other is to implement projects that provide jobs and meet our needs of services and goods," explaining that "Iraq imports annually $ 70 billion of goods (2020), and with the Netherlands we have imports of about $ 500 million annually."
"We have started the program of optimal water use, in the conditions of scarcity that the region and the world are experiencing," he said.

He added, "We supported farmers and farmers in the acquisition of modern irrigation systems, and we are trying to invest successful experiences in the Netherlands to confront water scarcity in Iraq," noting that "one of the outputs of the meeting with the Dutch government is the formation of a cooperation council between Iraq and the Netherlands, to follow up on all files, including the Agriculture and Water Committee."

The prime minister stressed, "We succeeded in approving a three-year budget, which is a message of stability in the implementation of projects without delay," noting that "the Iraq Fund for Development will enter with the private sector in the implementation of projects away from the government, whose role will be planning and organizing."

For the first time, the government provides sovereign guarantees to the private sector of up to 85% for any project being implemented," he said.

We need a group of factories that provide construction materials for new cities and invest in existing natural resources," he said, adding, "Iraq has adopted the development road project, which is the large economic corridor that connects the large port of Faw to Europe through Turkey, all the way to the port of Rotterdam."

He also pointed out that "the development road saves time and transportation costs, and will contain railways without stopping," pointing out that "the large port of Faw will witness the light and opening in mid-2025, and one of the ships has docked a trial berth on one of its five berths."

He added, "We submitted the draft law on economic amendments, which will provide an attractive environment for the private sector, and provide a percentage of ownership for the foreign company up to 100%."

We have embarked on a radical reform of the financial and banking sector, and procedures related to compliance with international standards in remittances," he said, stressing that "international and Arab banks have begun to open their branches in Iraq."

He pointed out that "all nationalities are currently working in Iraq, and at the level of the European Union, there are French, Italian, German, Spanish and Austrian companies, as well as Asian, Arab and from the countries of the region."

He concluded by saying: "There is a will and work at all levels of Iraqi state institutions to move to a better reality”

Mot:  grrrrrrrrr - is it spring yet 

Mot: ..”Is today the day?”

Goldilocks' Comments and Global Economic News Thursday Evening 2-15-24

Goldilocks' Comments and Global Economic News Thursday Evening 2-15-24

Good Evening Dinar Recaps,

"The Hashgraph Association and Saudi Arabia's Ministry of Investment have launched a $250M DeepTech Venture Studio in Riyadh, supporting over 500 companies in developing advanced AI, blockchain, and VR solutions."

Saudi Arabia's new partnership with DeepTech Venture Studio will go a long way in expanding their partnerships with several countries paying for oil in local currencies through the new digital economy.

This will enable them to make shifts when needed as new companies arise in an ever-changing World from fossil fuel to electronic venues.

Saudi Arabia is shaping up to be a digital hub in the Middle East. New digital developments such as these will allow Saudi Arabia to transition into the QFS.

This new liquidity and investment into Quantum Technologies will allow Saudi Arabia to continue being a leader in innovative relationships with companies around the world through bilateral smart contracts on the Hashgraph Digital Network.

Hedera's hashgraph consensus mechanism enables developers to build smart contracts securing both sides of the trade as capable of movement forward in digital payment systems.  Blockchain

© Goldilocks

~~~~~~~~~~

“We need a framework for stablecoins,” Powell said, according to a source at Tuesday’s meeting. Powell added that he is “very supportive and am glad that we are close.” 

As we have discussed in this room, these new tokenized assets are going to need coins to pay for them. It is really good to hear a confirmation that they are so close.

The use of stablecoins that represent a country's currency will increase money velocity and give more value to our currencies over time.

These new venues will level the playing field for all countries around the world. Isn't it amazing to watch these new developments take shape that will govern our new digital economy?  Ledger Insights

© Goldilocks

~~~~~~~~~~

February 14, 2024

Washington, D.C. — "The Commodity Futures Trading Commission Open Meeting scheduled for Thursday, February 15, 2024, has been canceled. The matters under consideration are being resolved through the Commission’s seriatim process."

The Commission's Seriatim is a process whereby the Commission takes action without convening a meeting of the Commissioners (CFTC). What's the hurry?

The following two items along with many others are on the table to be discussed:

* Requirements for Designated Contract Markets and Swap Execution Facilities

* Foreign Boards of Trade

"Foreign board of trade means any board of trade, exchange or market located outside the United States, its territories or possessions, whether incorporated or unincorporated."

© Goldilocks
CFTC 1
CFTC 2
Law Cornell
SEC

~~~~~~~~~~

"Duquesne Family Office, the investment vehicle belonging to famed macro investor Stanley Druckenmiller, dumped shares of Alphabet Inc., Amazon.com (AMZN) and Broadcom Inc. (AVGO) while scooping up shares of beaten-down gold miners Barrick Gold Corp. (GOLD) and Newmont Corp. (NEM), according to a Wednesday filing with the Securities and Exchange Commission."

The move from stocks to tokens, and now, gold has begun. Watch the big players. They know when to shift their money.

All roads lead to gold, and gold will set us free.  Morning Star

© Goldilocks

~~~~~~~~~~

Chinese, Indian, Pakistani currencies to join UAE-based cross-border payment system - News | Khaleej Times

~~~~~~~~~~

As payment markets evolve, further progress hinges on open access facilitated by infrastructure modernization. In this Predict 2024 episode, Paul Ruggieri, Senior Vice President, Real-Time Payments, Product Management, at Mastercard, discusses growth opportunities for clearing houses and scheme operators, emphasizing the need for standardized communication strategies between operators and payment systems.

We explore the significance of interoperability and the prioritization of standardization to enhance cross-border transactions. Additionally, we explain the key methods for ensuring seamless transactions across borders, leveraging ISO 20022 data and AI for fraud prevention, resilience, and scalability across all 13 markets.  FinExtra

~~~~~~~~~~

World Bank Classifying XRP As Stablecoin, Says Ex-Ripple Director |   CoinGape

~~~~~~~~~~

Liquidity is moving more and more each day from the old Financial system to the New Digital one.

© Goldilocks

~~~~~~~~~~

BRICS: Egypt Officially Ditches US Dollar For Trade | Watcher Guru

~~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks Forum

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Thursday Afternoon 2-15-2024

KTFA:

Clare:  “Baghdad Metro” is the largest in the region and will cover 85% of the capital’s area - Al-Sudani Advisor

2/14/2024

Nasser Al-Asadi, Advisor to the Prime Minister for Transport Affairs, announced today, Thursday, that the Baghdad Metro project will cover 85% of the capital’s area, and while he confirmed that it will be the largest in the region, he indicated that international Arab and foreign companies want to implement it.

Al-Asadi said in a statement to the official agency, followed by the 964 network , that “the Baghdad metro project is the dream of every Iraqi citizen,” explaining that “the project consists of 7 lines with a length of 148 kilometers and 64 stations and contains the latest and most advanced international systems.”

He added, "The project will cover 85 percent of the area of ​​Baghdad, and this area is intended for it to pass by universities, public markets, and religious shrines, in addition to stadiums, ministries, and important places."

He pointed out, “The project consists of 7 lines, each line starting in one area and ending in another, and connecting Karkh and Rusafa from 3 places, in addition to one of these lines will reach Baghdad International Airport.”

He added, “The project will be the largest in the region, and there are a large number of companies wishing to participate in it, such as European and Asian companies, in addition to Qatari and Emirati companies,” stressing that “the project is entirely investment, and the state will have to supervise the project.”

He pointed out that “the state is working within its plan to strengthen the private sector and exercise its real role and provide job opportunities and investment in important sectors that have long been absent from the private sector.”  LINK

************

Clare:  Parliament hosts the governor and officials of the Central Bank regarding sanctions on Iraqi banks

2/15/2024

Member of the Parliamentary Finance Committee, Moin Al-Kadhimi, confirmed on Thursday that the Governor of the Central Bank and its senior officials will be hosted to discuss the sanctions imposed by the US Treasury on a number of Iraqi banks.

Al-Kadhimi told Shafaq News Agency, "The Finance Committee will host the Governor of the Central Bank and its officials to discuss the sanctions issued by the US Treasury Department against Iraqi banks and the measures taken by the bank to maintain the dollar exchange rate in the market."

He added, "The meeting will discuss the measures taken by the Central Bank regarding financial transfers and facilitating procedures for merchants to obtain dollars through the window for buying and selling foreign currency."

He stressed that "the meeting will be held at the end of this month and will also discuss the Central Bank's measures to confront the challenges and decisions issued by the US Federal Bank."

Yesterday, Wednesday, the Parliamentary Economy, Industry and Trade Committee and the Iraqi Banks Association said that the banks banned by the US Treasury constitute 50% of private banks in Iraq.

This came during the hosting of the committee headed by Representative Ahmed Salim Al-Kanani and in the presence of its members, the Iraqi Banks Association, and directors of private banks, according to a statement issued by the committee.

Yesterday, Wednesday, in a statement to Shafaq News Agency, member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, suggested that the US Treasury Department would include new Iraqi banks on the sanctions list unless the Central Bank of Iraq finds solutions for them.

In July 2023, the US Treasury imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s dollar transactions. LINK

*************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Iraq is a border country with Kuwait.  Iraq is considerably larger than Kuwait...They have massive amount of oil...liquid natural gas...gold...some of the biggest mineral deposits in the world that Kuwait does not have.  You have to ask, why did they bring this up? - Article quote: "The Kuwaiti dinar ranked on the throne of currencies in the world for the year 2024 while the US dollar came in last place on the list of 10 strongest global currencies ...the dinar of the Gulf State is divided into 1,000 smaller units known as fils."  [Post 1 of 2...stay tuned]

Militia Man   Iraq does not have fils.  They're going to be talking about fils because why?  Because...Al-Sudani has stated the dinar is stronger than the dollar.  They're going to need to be able to make change...When they bring this up with Iraq's situation I think they're doing it in a manner that suggests the region can support Iraq having a strong currency stronger than the dollar... [Post 2 of 2]

Iraq Iran amazing article

Nader:  2-15-2024

https://www.youtube.com/watch?v=qafF3E6b3W4

BE READY FOR ANYTHING! Now More Than Ever... IMPORTANT UPDATES.

Greg Mannarino:  2-15-2024

https://www.youtube.com/watch?v=jjw70DxGxtU

US Kicked Out Of Africa With Game Changing Move, China And Africa Does The Unthinkable

US Kicked Out Of Africa With Game Changing Move, China And Africa Does The Unthinkable

Tech Revolution:  2-15-2024

The current economic landscape in Africa is experiencing turbulence, primarily due to the strengthening of the US dollar. This surge is impacting African nations' ability to manage their debts, leading to financial strains.

 However, amidst these challenges, African countries are exploring innovative solutions, including a shift towards China's yuan as an alternative currency for trade and debt repayment.

The Challenges Posed by the Rising US Dollar:

The recent surge in the value of the US dollar is presenting significant challenges for African countries, particularly in meeting their debt obligations.

As the US dollar appreciates, African nations are finding themselves burdened with higher repayment amounts, resulting in budget deficits and financial instability.

The Pursuit of De-Dollarization: In response to the mounting pressure posed by the rising US dollar

African nations are increasingly turning their attention towards de-dollarization strategies. This entails reducing reliance on the US dollar and diversifying currency options to mitigate financial risks.

China's Role in Africa's Economic Landscape: China, as a member of the BRICS alliance, recognizes the opportunity presented by Africa's quest for alternative currencies. Leveraging its economic influence

China is actively promoting the use of its currency, the yuan, as a viable alternative to the US dollar in African trade and financial transactions.

Diplomatic Engagement and Economic Cooperation:

The Bank of China (BOC) is playing a pivotal role in facilitating economic cooperation between China and African nations. Through diplomatic visits and financial support, the BOC is fostering stronger ties and encouraging the adoption of the yuan in Africa's financial ecosystem.

 Encouraging Local Currencies and Yuan-Denominated Bonds:

China's efforts to promote de-dollarization in Africa extend to encouraging the use of local currencies and facilitating the issuance of yuan-denominated bonds, commonly referred to as "panda" bonds.

This initiative aims to diversify currency reserves and reduce dependence on the US dollar.

Examples of Yuan Adoption in Africa: Several African countries, including Egypt and Kenya, have taken proactive steps to incorporate the yuan into their financial systems.

 By embracing the yuan, these nations are diversifying their currency holdings and mitigating the impact of currency fluctuations.

Future Outlook and Potential Opportunities:

Looking ahead, the adoption of China's yuan in Africa is poised to accelerate, driven by the strategic interests of both China and African nations. This shift holds the potential to reshape cross-border trade and investment patterns, offering new opportunities for economic growth and development.

 Case Studies Highlighting Yuan Adoption:

In Nigeria and South Africa, recent initiatives have demonstrated the tangible benefits of embracing the yuan. Through currency swap agreements and strategic partnerships, these countries are strengthening their economic ties with China and paving the way for greater yuan usage in the region.

Conclusion:

As Africa navigates the challenges posed by the rising US dollar, the adoption of China's yuan emerges as a promising solution.

By embracing the yuan, African nations can diversify their currency reserves, mitigate financial risks, and foster stronger economic ties with China. This strategic shift not only addresses immediate challenges but also positions Africa for sustainable economic growth and resilience in an increasingly complex global landscape.

More Details In The Video

https://www.youtube.com/watch?v=t03zYUGbPC4

"Tidbits From TNT" Thursday Morning 2-15-2024

TNT:

Tishwash:  Al-Sudani leaves Baghdad for the Netherlands on an official visit

Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, heading to the Netherlands on an official visit. 

A statement issued by the Prime Minister’s Media Office, received by Mawazine News, stated that “Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, heading to the Netherlands.” 

He pointed out that "the visit came after an official invitation from the Dutch side."  link

CandyKisses:  Parliament or government? Who is responsible for amending the 2024 budget law?

Economy News - Baghdad

Today, Thursday, the Finance Committee clarified the powers of the federal government and the role of the House of Representatives in the current year's budget.

A member of the parliamentary finance committee, Mustafa al-Karawi, said in an interview with "Economy News" that "amending the federal budget law or not is related to the government and the extent of its need to make amendments to some sections and items according to the need and requirements."

He added that "the House of Representatives obligated the Council of Ministers, in accordance with Article 77 II of the Constitution, to send tables related to its forecasts of revenues and the actual volume of spending for 2024, while the rest of the budget items are supposed to be in force."

"If the government requests the amendment of some items, the House of Representatives will discuss them and work to reformulate them in a way that suits the government program and the requirements of the Council," the finance committee member said

***************

CandyKisses:  Who wins and loses from the "withdrawal" of the international coalition forces from Iraq?

 Baghdad today - follow-up

A report published by the British BBC network, today, Wednesday (February 14, 2024), reviewed the parties who gain and lose from ending the presence of the international coalition in Iraq.

The network quoted journalist and human rights activist Haider Al-Basir as believing that "American forces will not withdraw from Iraq in the near future and that the negotiations are to buy more time on the part of Washington."

Regarding the parties that lose from a possible American withdrawal, Al-Basir says that the Iraqi Kurdistan Regional Government and the Iraqi Sunnis will be the most prominent losers.

He says: "The Kurds and Sunnis refuse the evacuation of American forces, because they know full well that the Iraqi government is weak, and that Iran's influence may exceed Washington's influence in their country."

"Iran has Shiite factions loyal to it, Turkey is fighting the Turkish Kurdistan Workers' Party (PKK), which is active in northern Iraq, and the withdrawal will be in the interest of both countries."

Therefore, Sunnis and Kurds fear such a withdrawal because it will create a major vacuum, at a time when it is losing trust with Iran, whose recent improvement in relations with Saudi Arabia has not been reflected in its relations with Sunnis and Kurds in Iraq, according to Haider al-Basir.

Mohamed Abbas Nagy, a researcher at the Al-Ahram Center for Political Studies in Cairo, believes that the government, Iraqi factions and Iran are the main winners in the event of a withdrawal.

"The withdrawal means that Iran will automatically fill the resulting vacuum, so the first beneficiary will be the main regional adversary of the United States. Iran will portray it as a victory — as it did in Afghanistan — and will benefit greatly from it."

In addition, the Iraqi Shiite factions will benefit, and will "seek to strengthen their position and replicate the experience of the Lebanese Hezbollah in Iraq."

The government of Prime Minister Mohamed Shia al-Sudani will also benefit because the removal of coalition forces is part of its political program, and thus declare it a success for its political program, Naji said.

"The withdrawal will also give Russia, Turkey and Iran a great opportunity to put in place security and political arrangements in Iraq and Syria in the post-US withdrawal phase."

Source: BBC

**************

Tishwash:  UNAMI: Plasschaert's departure from Iraq has nothing to do with allegations of corruption in the United Nations mission

On Wednesday, the United Nations Mission in Iraq (UNAMI) issued a clarification regarding what it called “misleading information” regarding the departure of the Special Representative of the Secretary-General of the United Nations, Jeanine Hennis-Plasschaert, indicating that the departure is a practice followed by the usual rotation of senior officials and has nothing to do with reports about... Corruption in the mission.

The mission said in a statement received by Shafaq News Agency, “UNAMI would like to set the record straight regarding the misleading reports that were recently circulated in a number of traditional Iraqi media and social media regarding the departure of Ms. Jeanine Hennis-Plasschaert, Special Representative of the Secretary-General of the United Nations.” United Nations and Head of the United Nations Assistance Mission for Iraq (UNAMI) in May. 

UNAMI stressed that “the departure of the Special Representative of the Secretary-General in May is consistent with established practices within the United Nations, including the usual rotation of senior United Nations officials.”

Regarding The Guardian’s report on corruption allegations, the United Nations Development Program (UNDP) issued a statement on 23 January 2024. “Furthermore, we would like to emphasize that UNAMI and UNDP have different administrative and financial structures.”

UNAMI called on the media to “prioritize accuracy and refrain from circulating misleading information. More broadly, the impact of false and misleading information cannot be overestimated.”

On Tuesday, January 23, in a shocking report, the British newspaper "The Guardian" revealed the truth about major suspicions of corruption by the United Nations in its development program in Iraq, stressing that the United Nations has fueled the culture of bribery that has permeated Iraqi society since the overthrow. With Saddam Hussein in 2003.

The British newspaper "The Guardian" said, "United Nations employees in Iraq are demanding bribes in exchange for helping businessmen win contracts for reconstruction projects in the country."

The Guardian newspaper found that UNDP employees “demanded bribes of up to 15 percent of the contract value,” according to three employees and four contractors. 

In return, the employee helps the contractor navigate the complex UNDP bidding system to ensure it passes the audit process.

One of the contractors, without The Guardian revealing his identity, said that UNDP employees “contacted them demanding bribes.”  link

Mot: and then the ""Day After""

Mot:  ...... Close Enough!!!!

News, Rumors and Opinions Thursday AM 2-15-2024

The U.S. Dollar Is ‘Finished’  by Collin Plume

"The U.S. dollar is no longer viable as the global reserve currency," analyst Richard X Bove told the New York Times, shortly after retiring from a distinguished 54-year tenure as a Wall Street analyst.

Bove, who envisions a future where Bitcoin and other cryptocurrencies prevail following the decline of dollar dominance, anticipates that China will surpass the U.S. economy in strength.

According to Bove, the downfall of the dollar is inevitable as "those manufacturing goods abroad are increasingly gaining control over production means, thus asserting more influence over the global economy and, consequently, over monetary power."

It is not a secret that China has been trying to establish a currency that may possibly be used by other BRICS Plus nations. Last year, member countries announced that they would trade using local currencies. However, speculations abound that China will be pushing either its own currency, the Yuan, or creating one. 

They have been buying gold like crazy for several years, along with other BRICS nations. That resulted in some speculation that they may be launching a gold-back currency.  

One thing is clear, though. They are making real moves to bypass the dollar. 

Just last week, the United Arab Emirates and China made a significant move in the global financial landscape by completing a cross-border transaction that strongly challenged the longstanding dominance of the dollar in Asia.

This landmark deal, facilitated by the mBridge platform, involved the transfer of $13.6 million between the two nations. This transaction represents more than just a financial exchange; it's a digital bridge between continents, marking a significant step towards altering the role of their currencies within the international financial arena.

Bove, whose career spanned 17 brokerage firms and concluded at the New York investment bank Odeon Capital, has previously mentioned that a potential successor to the U.S. dollar could take various forms, including "paper, metal or digital impulses."  

Prepare your finances

Admittedly, de-dollarization talk has been going around for a while and nothing has come to fruition. What makes this time different is the actual tangible development happening. 

Last year marked the lowest US dollar’s share dropped in global central bank reserves in 25 years. Saudi Arabia already agreed to accept other currencies for its oil and other oil-producing countries joined BRICS Plus, all of whom are now trading using their local currencies. 

Do not take this lightly. 

https://view.info.noblegoldinvestments.com/?qs=ce6fba1ffd268caf72cc3465bda27c91d8c8f0f6235f0067466b62b5eb671a1d789c2afc31db8fc2ea9cb82b6842da461b777095786a5f7c08439ed60a35b1057f0985051ced01fa67a111707851fc66

**************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Iraq has done the things they needed to do to be Article VIII compliant.  They're going to  stop the dollar auctions.  They're going to have freedom of capital movement...That's going to create investor confidence.  And  that investor confidence is going to come from the investment law, freedom of capital movement.  

Fnu Lnu  International attorneys told me...there would be ten off premises exchange locations allocated by regional population throughout the Nation. I am assuming they are using the 10 United Nations Regions, roughly the same as Federal Regions...I was told...there would be an exchange facility in the most heavily populated city in that region.  For instance, Region ten encompasses Washington State and Seattle would be the location for that region...Also, by Off Premises, I mean locations that were NOT inside banks but usually nearby to a participating bank...These are what the unlearned are calling Redemption Centers.

Iraq - How & Why Iraq's Currency Will Reset

Edu Matrix:  2-15-2024

Iraq - How & Why Iraq's Currency Will Reset Understand the steps Iraq takes to improve the Iraqi economy. These steps will increase employment and income for small businesses throughout the country and create massive income streams for the country. See how a countries GDP is increased

https://www.youtube.com/watch?v=3pqTStHxbRY

Silver Disappearing From COMEX, LBMA & ETFs | David Morgan

Liberty and Finance:  2-14-2024

Silver expert David Morgan joins us to discuss the current silver deficit. Where is the silver coming from to meet the growing demand? Morgan says it is likely coming from the large exchanges and ETFs. Inventories on the COMEX, LBMA, and ETFs are falling. "Something is going to have to give," he says.

INTERVIEW TIMELINE:

 0:00 Intro

 1:33 Silver deficit

14:58 Gold/silver ratio

 19:15 Legal tender laws

26:19 Fight for freedom

https://www.youtube.com/watch?v=0HhF2wBLxF8

Goldilocks' Comments and Late Breaking Global Economic News Late Wednesday Evening 2-14-24

 Goldilocks' Comments and Late Breaking Global Economic News Late Wednesday Evening 2-14-24

Good Evening Dinar Recaps,

Franklin Templeton filed for a spot ether ETF, becoming the latest company to enter the race.

“The Shares are intended to offer a convenient means of making an investment similar to an investment in ether relative to acquiring, holding and trading ether directly on a peer-to-peer or other basis or via a digital asset platform,” the filing said.

Other issuers, such as Ark 21Shares and BlackRock, submitted S-1s for their potential funds at the end of last year.

Franklin was one of nearly a dozen firms to launch a bitcoin ETF back in January after the Securities and Exchange Commission gave the issuers the green light.

According to the Monday filing, Franklin is also interested in staking the ether (ETH) held by the proposed fund. Ark 21Shares updated its prospectus last week to include language around staking. The language had not been included in earlier filings, nor does it appear in filings from BlackRock. Block Works

~~~~~~~~~~

 EUROPEAN PARLIAMENTARY HAS ENDORSED THE REGULATION MANDATING "INSTANT PAYMENTS" MARCH 2024  A REMINDER........

~~~~~~~~~~

👆 Finally, instant payments are here. Look for them in March, 2024.

~~~~~~~~~~

Coinbase & Ledger Collaborate, Increasing Access to Crypto | FintechMagazine

Crypto onramp and infrastructure provider Coinbase partners with Ledger to streamline crypto purchases and increase accessibility for new users.

Coinbase the leading onramp and infrastructure provider for on-chain builders, has partnered with global digital assets provider Ledger to help streamline the crypto purchasing process and increase the accessibility of crypto to new users.

The partners say together they can bring accessible, seamless and secure purchases to crypto users, creating easier pathways for the exchange of self-custody. 

~~~~~~~~~~

 Twitter

~~~~~~~~~~

The Eurosystem is gearing up for wholesale settlement trials for DLT networks using central bank money. It opened the call for applications in December, with tests to start in earnest in May. Last month it held its sixth meeting of the industry contact group. As with most previous sessions, various companies outlined potential use cases One of them was Onyx by JP Morgan.

This sixth contact group meeting will be the last until June, which will be an in-person meeting, presumably to get feedback about the trials. 

When the DLT initiative first launched, the emphasis was on securities settlement. As tokenized deposits (https://www.ledgerinsights.com/tokenized-deposits/) and deposit tokens have moved up the agenda, there are likely to be multiple use cases where central bank money (CeBM) will be used to settle interbank payments. In the most recent contract group meeting, two groups proposed this use case – the ABI Lab which is part of the Italian Banking Association and Onyx by JP Morgan. Ledger Insights

~~~~~~~~~~

A Glossary Of Basic Banking Terms – Forbes Advisor

~~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks Forum

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Zimbabwe Will Attempt to Establish Gold-Backed Currency

Zimbabwe Will Attempt to Establish Gold-Backed Currency

February 14, 2024   Columbus Mavhunga 

HARARE, ZIMBABWE — Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South African rand.

Minister for Finance and Economic Development Mthuli Ncube told reporters in an online press conference that Zimbabwe was making the move to ensure sustained growth.

“Really this is a quest for currency stability,” Ncube said. “What has emerged over the years is the U.S. [dollar] being the most dominant.

“Going forward, we want to make sure that the growth we have achieved so far — which is very strong — is maintained and even increased,” he said. “We can only do that if we have further stability in the domestic currency. ... And the way to do that is perhaps to link the exchange rate to some hard asset such as gold.”

He did not say when Zimbabwe will introduce the gold-backed currency.

Since Zimbabwe’s independence in 1980, the country has introduced new currencies several times after citizens and businesses shunned the previous money.

The present-day currency, known as the dollar, bondnotes or ZWL, was introduced in 2014. Within months it started losing value, something economists attributed to the government overprinting notes and businesses failing to have confidence in the currency.

It now trades at 20,000 for 1 U.S. dollar.

Prosper Chitambara, a senior economist with the Labor and Economic Development Research Institute of Zimbabwe, said the move will help control money supply.

“It also helps to stabilize the value of the currency because, ultimately, the value of the currency would be determined to a greater extent by the value of gold,” he said. “On paper, it sounds [like] a good idea to link your currency to an underlying asset such as gold.”

Ultimately, Chitambara said, Zimbabwe needs to exercise fiscal responsibility if it wants a stable domestic currency.

“We need to ensure fiscal sustainability through ensuring there is fiscal discipline, fiscal consolidation, restructuring public spending with a view of eliminating waste and nonproductive spending,” he said.

To continue reading, please go to the original article here:

https://www.voazimbabwe.com/a/zimbabwe-will-attempt-to-establish-gold-backed-currency/7486799.html

To Read More:

Zimbabwe’s Government Considers Using Gold to Back Its Currency

President signaled authorities considering a currency revamp

Zimbabwe dollar has slumped almost 50% so far this year

https://www.bloomberg.com/news/articles/2024-02-12/zimbabwe-dollar-may-get-gold-backing-finance-minister-says