Goldilocks' Comments and Global Economic News Thursday Evening 4-18-24
Good evening Dinar Recaps,

Watch XRP! It is the coin that moves all coins. Once the SEC and Ripple case is settled, look for the QFS System to be given the green light to move forward.

© Goldilocks
~~~~~~~~~

In order to be on an even playing field with other currencies around the world, the EU has raised their Capital requirements. It was discovered in 2023 that many of the currencies they were currently trading with were no longer in sync.

These foreign exchange risks were discovered in the second half of last year. This has led the European Banking Authority’s (EBA) to reduce the number of correlated currencies they were trading. Europe is a major player, and to compete Globally has forced them to reset their currency Market pairs. Risk

© Goldilocks
~~~~~~~~~

Goldilocks' Comments and Global Economic News Late Wednesday Evening 4-17-24
Good Evening Dinar Recaps,

Gold Standard Announcement:

"Russian gold exports have stopped since the start of this year after new exchange-rate-linked duties, Danil Volkov, director of the finance ministry’s tax policy department, told the  Federation Council, the upper chamber of parliament."

This year, Russia is in process of abolishing their export duty on gold. This is a government tax on goods leaving the exporting country. It is collected by the customs authorities.

A gold-exchange rate-linked duty is a monetary system where a nation's gold can be converted into bills of exchange such as the Ruble. Such moves open the door to a Gold Standard.

Citizens in Russia are already making currency to gold and vice versa exchanges at their local bank.

Goldilocks' Comments and Global Economic News Wednesday Evening 4-17-24
Good Evening Dinar Recaps,

Banking Announcement:

"HKEX Confirms Decision to Allow Issuers to Hold Treasury Shares.  Allowing Hong Kong-incorporated issuers to hold treasury shares will give them 'greater flexibility in managing their capital structure.'"

These changes will take effect on June 11th, 2024. It will give Hong Kong companies more control over their capital.

During down times for their company, this will enable them to have an asset that will neutralize some of the capital flows needed during times of great economical challenges such as the one going on now. 

© Goldilocks

Goldilocks' Comments and Global Economic News Tuesday Evening 4-16-24
Good Evening Dinar Recaps,

Yesterday, Hong Kong regulators adopted both spot Bitcoin ETF and spot Ether ETF. In 2021, mainland China and cryptocurrency trading was banned. Since that time, China has been working diligently to regulate this industry.

And now, China's largest family is in process of funding the above projects. "ChinaAMC, Harvest Global and Bosera International are among those that have been given the green light to issue ETFs."

China AMC is the first Exchange Traded Fund manager in China, and they are the investment manager of the Asian Bond Fund China Fund.

ETFs track a specific set of index assets allowing you to invest in many Assets in that particular sector. ETFs allow you to invest in a grouping of companies and digitize them in a group fund.

This process allows sectors of the market to be joined together in a single asset group class bringing the new digital economy inside the marketplace.

Goldilocks' Comments and Global Economic News Monday Evening 4-15-24

Good Evening Dinar Recaps,

Bureau of Land Management Announcement:

The Bureau of Land Management insures that fair taxpayer return and accountability for oil and gas operations are adhered to on public lands.

The BLM entered their proposal into a final rule. This final rule goes into the Federal Register and cannot be implemented no sooner than 30 days from its publication.

The Final Rule is as follows...

* The Fluid Mineral Leases and Leasing Process rule.

"This rule reinforces the BLM’s leadership role in energy development by:

1 ensuring responsible leasing and diligent development to minimize conflicts with other resources while ensuring the BLM can continue to manage public lands for multiple uses;

2 implementing key fiscal reforms, including updating royalty rates, rental rates, and minimum bids on BLM-managed public lands; and

3 modernizing bonding requirements for leasing, development, and production to ensure taxpayers do not bear the cost of orphaned wells on public lands."

Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24

Good evening Dinar Recaps,

Yesterday – Isreal    2 m ago   15:32   Shortly before news that Iran had started firing drones at Israel, a short video speech by Benjamin Netanyahu was posted on his X handle. There, the prime minister said Israel had been preparing for years for a possible direct attack by Iran and its defense systems were deployed and prepare for any scenario. Here’s a link to that video and the official translation that accompanied it. 
~~~~~~~~~

Yesterday – Isreal   Israel war updates: Iran launches drones at Israel as tensions soar.  Iranian forces seize ship with ties to Israel in Strait of Hormuz amid escalating tension. |

~~~~~~~~~

BREAKING: Iran Launches Strikes On Israel (Brace For Surging Oil!) | 

~~~~~~~~~

 Goldilocks' Comments and Global Economic News Friday Evening 4-12-24
Good evening Dinar Recaps,

Reserve Bank of India Announcement:

India's recent rollout of their Unified Payments Interface (UPI) service this year has been revealing some gaps in their Forex Market.

To fix this issue, a new rule was placed on the Indian Rupee causing concerns through speculators on the price of its value. And,

The RBI is working on:
* Unauthorised FX platforms
* Inadequate price transparency
* Access to government securities
* Encouraging more global participation by Indian players.

The Reserve Bank of India is in process of reforms that will help bridge some of these gaps in the Retail Market.   Several countries around the world utilize the service in foreign currency exchange, and the revamping of their service will help it move more smoothly with more accuracy.  Inc42   Livemint

© Goldilocks

~~~~~~~~~

Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24
Good Evening Dinar Recaps,

Announcement of the CHIPS Migration to ISO20222 Messaging:

"The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two days after the migration.

It also lets participants and end-user customers gain value from enriched data content like extended remittance information. It lets users query structured message formats for multiple purposes, such as sanctions and compliance screening.

According to the release, the network wrapped its first day of operations on the ISO20022 message format having released 555,345 payments for a value of $1.81 trillion."

Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24
Good Evening Dinar Recaps,

"Last week the Bank for International Settlements dropped a bombshell of an announcement where it launched Project Agorá, along with seven central banks, which will focus on the tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms."

The race towards International payments has begun. We currently have Global Regulations being tested in Europe and soon to be implemented through MICA. These assets have grown out of the ability to do so because of Protocol 20, whereby, the interfacing of International  Digital Networks have been given the green light to expand into Global connections capable of doing trades with Tokenized Assets at the push of a button.

The next step is to move towards Cross-Border International Trading. Several countries have began the process of regulating Stablecoins which is a representation of a country's currency. These regulations will speed up the velocity of money and opportunity for companies to grow at a much faster pace.

 Goldilocks' Comments and Global Economic Tuesday Evening 4-9-24

Good Evening Dinar Recaps,

"Credit valuation adjustment is a change to the market value of derivative instruments to account for counterparty credit risk. It represents the discount to the standard derivative value that a buyer would offer after taking into account the possibility of a counterparty's default."

With so many companies and countries going into bankruptcy these days, I have to look at credit valuation adjustments in order to make some of my trades.

Foreign currency is a part of the Derivatives Market. I will know when these actual changes take place.

© Goldilocks

~~~~~~~~~

"This bank, on behalf of the Ministry of Finance, will offer bonds under the name ( Injaz Bonds ) to the public starting from 4/15/2024 until 5 / 15 / 2024"

Public bonds help to build the infrastructure of a country's businesses, and they go a long way in supporting a country's currency.

Getting public involvement in increasing the value of their own currency will help Iraq maintain a sustainable economy going forward.

 Goldilocks' Comments and Global Economic News Monday Evening 4-8-24

Good Evening Dinar Recaps,

"Enthusiastic members of the XRP community are rejoicing over a recent development that could significantly influence the future of the Ripple-supported token. A fresh research paper by the European Corporate Governance Institute (ECGI) has reinforced the classification of XRP as a utility token, aligning with a U.S. federal court ruling in July 2023."

Today, the European Union begins testing it's instant payment service on MICA. It is expected that Ripple is a part of this transaction due to its ability to transact two assets between each other within seconds.

This makes Ripple a recognized Network capable of making instant payment settlements possible. Europe is currently testing and regulating the new Global Crypto Standards and/or Regulations that will apply to digital economies wherever they are.