More News, Rumors and Opinions Thursday Afternoon 2-29-2024
Russia Ready to Test Payments in Digital Currencies With China, EAEU.
MOSCOW (Sputnik) – Russia will promote the topic of improving the BRICS settlement and payment system and is ready to test payments in digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries, Russian Finance Minister Anton Siluanov told Sputnik.
“The agenda that we will promote within the framework of our chairmanship is the improvement of the financial, settlement and payment system, which, in the current conditions of fragmentation, would be convenient and safe for trade participants within the BRICS. The system [that will be] outside of politics, independent of Western unfriendly infrastructure,” Siluanov said.
Russia Ready to Test Payments in Digital Currencies With China, EAEU.
MOSCOW (Sputnik) – Russia will promote the topic of improving the BRICS settlement and payment system and is ready to test payments in digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries, Russian Finance Minister Anton Siluanov told Sputnik.
“The agenda that we will promote within the framework of our chairmanship is the improvement of the financial, settlement and payment system, which, in the current conditions of fragmentation, would be convenient and safe for trade participants within the BRICS. The system [that will be] outside of politics, independent of Western unfriendly infrastructure,” Siluanov said.
Siluanov noted that financial technologies are actively developing and provide a wide range of tools, including for the formation of an innovative payment and settlement infrastructure.
“It is proposed creating a platform that would connect the financial systems of its participants. For example, technological gateways for settlements in digital currencies of central banks are already in operation. We propose creating a BRICS Bridge system, which, based on the BRICS institutions, would be available to our countries and would ensure the proper level of equality and would contribute to the development of trade relations …
We are ready to start [testing] with countries that express such a desire. Perhaps with China, perhaps with our neighbors in the EAEU, with the countries of the Persian Gulf,” the minister added.
Source: Sputnik
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 This monetary reform, the next step which is vitally important in order for us to see what we're looking for, which is called the managed float, their currency matched at least to 1 to 1 with the dollar will be in an international basket...All the articles have been talking about it. It's going to be a managed float. They'll eventually say stop it right there, we can't go any higher than the other middle eastern currencies. This managed float is in its first stage. The float is about to happen.
Militia Man Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article: "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world" That's pretty bold. Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale." There you have it...That is a massive quote.
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Hotes From the Field By Simon Black/James Hickman February 28, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Almost one year ago to the day-- on February 24, 2023-- Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent.
The bank had acquired a massive portfolio of more than $100 billion of US government bonds-- supposedly the ‘safest’ asset class in the world-- during 2020 and 2021 back when interest rates were at historic lows.
But then the Fed started hiking rates very quickly in 2022. And higher rates cause bond prices to fall-- even the ‘safest’ ones like US Treasury bonds.
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Hotes From the Field By Simon Black/James Hickman February 28, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Almost one year ago to the day-- on February 24, 2023-- Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent.
The bank had acquired a massive portfolio of more than $100 billion of US government bonds-- supposedly the ‘safest’ asset class in the world-- during 2020 and 2021 back when interest rates were at historic lows.
But then the Fed started hiking rates very quickly in 2022. And higher rates cause bond prices to fall-- even the ‘safest’ ones like US Treasury bonds.
By the end of 2022, Silicon Valley Bank’s portfolio of US government bonds was down by more than $15 billion. And with barely $16 billion in total capital, Silicon Valley Bank was nearly wiped out.
Their 2022 annual report communicated this insolvency risk very clearly. And the bank’s leadership must have probably been expecting the stock to crash almost immediately.
And yet it didn’t. After the annual report was released and all the ‘experts’ on Wall Street had a chance to see the alarming data, Silicon Valley Bank’s stock price barely budged.
Then, just ten days later, the Chairman of the Federal Reserve testified to Congress that the Fed’s rapid interest rate hikes presented absolutely zero risk to the financial system:
“Nothing about the data suggests to me that we’ve [raised rates] too much. . .” he said.
Of course, the Fed’s rapid interest rate hikes were precisely the reason why Silicon Valley Bank’s bond portfolio had lost so much value.
But again, neither Wall Street nor the Fed (which, as a financial regulator, had unfettered access to Silicon Valley Bank’s real-time financial condition) thought there was any risk whatsoever.
We know what happened next, and Silicon Valley Bank collapsed within a week.
But there’s now a new, and even more bizarre chapter to the story.
Typically, when banks in the US fail, one of the federal banking regulators (usually the FDIC, or Federal Deposit Insurance Corporation) steps in to take over.
And that’s what happened with Silicon Valley Bank: the FDIC took over operations almost immediately to try and sort out the mess.
Bank restructurings, however, are almost always chaotic. They take time. The FDIC must liquidate assets in an orderly manner to maximize the value of the balance sheet, then prioritize claims against those assets.
Depositors obviously need to be paid. Creditors and lenders want their money too. And so, of course, does the government.
It turns out that Silicon Valley Bank also owed a tax bill to the IRS… $1.45 billion to be exact.
And since the FDIC became the legally responsible party of Silicon Valley Bank, the IRS went knocking on the door of its fellow government agency to ask for the money.
The FDIC refused.
In fact, according to the FDIC, they owe absolutely zero tax and will pay nothing.
Hilarious, right? This is literally government agency versus government agency in a dispute over taxes. And they can’t even settle the matter like grown adults, so the case is now going to federal court.
This raises an obvious point: if even a government agency like the FDIC is going out of its way to minimize its tax bill, then why shouldn’t everyone else?
There are way too many hard-core Marxists in the United States these days who insist on higher taxes, new taxes, punitive taxes. Activist groups like Pro Publica have published the illegally acquired tax returns of wealthy Americans in an effort to shame people… as if following the tax code and taking completely legitimate steps to reduce what you owe is some mortal sin.
But this case between the FDIC and IRS only proves the point made by Judge ‘Learned’ Hand decades ago, that “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury.”
Taking legal steps to reduce your taxes is completely sensible. And frankly tax reduction isn’t even part of a Plan B; it should be Plan A!
Fortunately, there are plenty of ways to do this. In 2024, for example, you can reduce your taxable income by $23,000 (or $27,000 if you're 50 or older), through pre-tax contributions to a Traditional 401(k).
For those who are self-employed or have a side business, a solo 401(k) allows an even greater tax-free contribution of up to $69,000 (and $76,500 for those aged 50 or older).
Plus, you have more freedom to invest your money as you see fit-- real estate, crypto, and more.
And while you do eventually have to pay taxes when you withdraw the funds in retirement, most retirees will be in a lower tax bracket at that point. Plus, your investments will have grown and compounded tax-free for that entire time.
If you’re willing to move across state lines, you can reduce or eliminate state and local taxes. If you are willing and able to move abroad, you can potentially eliminate federal taxes as well.
For US citizens living abroad, the Foreign Earned Income Exclusion (FEIE) allows you to earn up to $126,500 as an individual, or $253,000 as a couple, tax-free (though this does not include investment income).
Plus, you can exclude even more as a housing expense, which varies depending on where you live overseas.
And for people who move to Puerto Rico, as both myself and my partner Peter Schiff did, tax rates go down to 0% on capital gains, and just 4% on business income.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/even-the-fdic-doesnt-want-to-pay-its-tax-bill-150216/
Iraqi News Highlights and Points to Ponder Thursday AM 2-29-24
Iraqi News Highlights and Points to Ponder Thursday AM 2-29-24
Bloomberg: Conflict And Fragility In Iraq Prevent It From Joining The World Trade Organization
Money and business Bloomberg revealed the reasons for Iraq's refusal to join the World Trade Organization. The agency said in a report, “Libya, Lebanon, Sudan, and Iraq are among the countries trying to join the World Trade Organization, but due to conflict and fragility, this hinders their accession.” Views 64 02/29/2024 -
Iraq's Losses Continue After Stopping The Region's Oil Exports Through The Port Of Ceyhan
02-29-2024 | Source: Alsumaria News 102 views The region's oil exports through the Turkish port of Ceyhan are still halted, despite the passage of nearly a year, after the lawsuit that Iraq won in the Paris court against Turkey, which obliges Ankara to pay compensation to Baghdad, causing Iraq to incur huge losses amounting to more than ten billion dollars.
Will diplomatic discussions succeed in resolving this issue? LINK
Iraqi News Highlights and Points to Ponder Thursday AM 2-29-24
Bloomberg: Conflict And Fragility In Iraq Prevent It From Joining The World Trade Organization
Money and business Bloomberg revealed the reasons for Iraq's refusal to join the World Trade Organization. The agency said in a report, “Libya, Lebanon, Sudan, and Iraq are among the countries trying to join the World Trade Organization, but due to conflict and fragility, this hinders their accession.” Views 64 02/29/2024 - https://economy-news.net/content.php?id=41007
Iraq's Losses Continue After Stopping The Region's Oil Exports Through The Port Of Ceyhan
02-29-2024 | Source: Alsumaria News 102 views The region's oil exports through the Turkish port of Ceyhan are still halted, despite the passage of nearly a year, after the lawsuit that Iraq won in the Paris court against Turkey, which obliges Ankara to pay compensation to Baghdad, causing Iraq to incur huge losses amounting to more than ten billion dollars.
Will diplomatic discussions succeed in resolving this issue? LINK
Finance Concludes Iraq's Discussions With The International Monetary Fund Expert Mission In Amman
Today Information / Baghdad.. Today, Thursday, the Iraqi delegation, headed by Finance Minister Taif Sami, concluded its discussions with the Article IV mission of International Monetary Fund experts in Amman, while the mission affirmed its continued support for the government’s reform steps.
The Ministry of Finance stated in a statement received by the Al-Ma’louma Agency that “during the discussions, the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and maximizing non-oil revenues were reviewed.”
The Iraqi delegation confirmed, according to the statement, that “the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement, and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure, and reconstruction,” indicating “its intention to continue discussions and consultations during the Fund’s periodic annual meetings.” ".
The Fund’s mission praised “the achievement of good progress in many financial and monetary aspects and in the areas of transparency, control, provision of financial statements and rationalization of expenditures, in addition to the strong return of growth in the non-oil sector during 2023 with a noticeable decline in inflation rates, and this is reflected in the decline in food and energy prices.” .
She pointed to “the positive developments in the return of trade financing operations to their normal path and the stability of the foreign exchange market following the implementation of anti-money laundering and counter-terrorism financing controls on cross-border payments,” welcoming “government plans aimed at strengthening public financial management, including welcoming steps “The government has taken the initiative to establish a unified treasury account, improve cash flow management and increase the tax base, as well as review the customs tariff structure and achieve more targeting in social support and care.”
The mission also expressed its optimism about “the level of understanding and progress achieved with the Iraqi government and the coordination steps and joint consultations that will be completed in the near term that will contribute to addressing the financial problems imposed by the circumstances of international conflicts and their accompanying economic impacts,” explaining that “purposeful structural reforms are continuing to stimulate economic diversification.” “Creating job opportunities led by the private sector is a pivotal factor in achieving sustainable and inclusive growth.”
According to the statement, priorities at this level include creating equal opportunities for the private sector by implementing reforms in banking and the electricity sector, reducing distortions in the labor market, and continuing to make efforts to strengthen governance and limit the spread of corruption.
It is noteworthy that Article IV consultations are bilateral meetings held annually between the International Monetary Fund and member states, after which a team of Fund experts meets the member country and conducts formal consultations with its officials. : LINK
A Parliamentary Government Approach To Improving The Oil Situation
Information / Baghdad.. The Parliamentary Oil, Gas and Natural Resources Committee revealed, on Thursday, the parliamentary government’s intention to establish new refineries and rehabilitate the old ones.
Committee member Kazem Al-Touki told Al-Maalomah, “There is joint coordination between the Ministry of Oil and the Parliamentary Oil and Gas Committee to follow up on the establishment of new refineries, indicating that the process of rehabilitating the refineries will move Iraq to the stage of self-sufficiency.”
He added, "The next stage will witness the development of lines to enhance national production capabilities and improve the quality of petroleum products."
He explained, "The Baiji refinery will contribute to achieving self-sufficiency in petroleum derivatives, stressing that the rehabilitation stages are proceeding at a high pace." LINK
Parliamentary Finance: Linking The Financing Of Ministries To The Approval Of The Budget Schedule Delays Projects
Projects Economy News – Baghdad On Wednesday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, criticized linking the funding of ministries and governorates to the House of Representatives’ approval of the budget amendments schedule for each year, “which led to a delay in financing projects.”
Al-Kadhimi said in statements followed by Al-Iqtisad News, “The House of Representatives’ approval of a three-year budget was aimed at continuing funding and not delaying it as happens annually. It is unfortunate that the Ministry of Finance linked the funding of ministries and governorates to the approval of the schedule of amendments scheduled for each year.”
He added: “It would have been better for the Ministry of Finance to continue disbursing allocations to the ministries and governorates in the first section and speed up the submission of the amendment schedules,” noting that “linking funding to the budget schedules led to a delay in the work of projects in the Ministry of Health, the Ministry of Education, and other ministries.”
Al-Kadhimi pointed out that “the government and finance ministry’s direction must be to accelerate the release of allocations,” noting that “the House of Representatives is awaiting the budget schedules that were supposed to be sent before the end of last year.”
The member of the Parliamentary Finance Committee continued, “Sending the tables and approving them is linked to the government, and they relate to the variables with the numbers in the table, including, for example, increasing allocations for electric power production, increasing ration allocations or purchasing water and wheat, increasing social welfare allocations, and other issues.”
He stressed, "The government should have diagnosed it before the end of last year and sent it quickly so that the House of Representatives could approve it and continue working without delay."
Views 97 02/28/2024 - 9:12 PM https://economy-news.net/content.php?id=40987
The Iraqi Dinar Recovers Slightly Against The Dollar.. A List Of Prices In 12 Governorates
Economy |Baghdad today - Baghdad Today, Thursday (February 29, 2024), the dollar exchange rates recorded a slight decline on the main stock exchanges, reaching more than 150 thousand Iraqi dinars for every 100 US dollars. Below is a price list for 12 governorates:
$100 = 150,850 Baghdad $100 = 151,200 Basra $100 = 150,850 Erbil $100 = 150,900 Sulaymaniyah
$100 = 151,000 Karbala $100 = 151,100 Kirkuk $100 = 151,000 Babylon $100 = 150,800 Dohuk
$100 = 150,900 Mosul $100 = 151,000 Najaf $100 = 150,900 with penalty $100 = 150,750 Zakho LINK
A Specialist Explains In Numbers The "Cash Liquidity" Crisis That Caused A Delay In The Disbursement Of Salaries
A specialist explains in numbers the "cash liquidity" crisis that caused a delay in the disbursement Whatsapp-image-2023-08-05-at-4_44_11-pm
Baghdad today – Baghdad Today, Wednesday (February 28, 2024), financial affairs expert Nabil Jabbar Al-Tamimi revealed details of the “cash liquidity” crisis that Iraq is going through, which led to a delay in the release of employee salaries.
Al-Tamimi told "Baghdad Today", "There is a real crisis in cash liquidity, and the Iraqi Ministry of Finance brings money to pay salaries through the Central Bank of Iraq, and the bank brings this money by making transfers (selling dollars)."
He stated, “There is a limited possibility for the Central Bank of Iraq to make transfers and sell dollars due to American censorship, and the bank sells approximately (200) million dollars a day, and this process takes place in a month for approximately (22) days only, meaning it sells approximately (4) billion dollars a month.” A dollar per month compared to the exchange rate is (5) trillion Iraqi dinars per year, which is approximately (65) trillion Iraqi dinars, and this number is only the volume of sales of the Central Bank of Iraq.”
He added, "In contrast, Iraq's budget exceeds (200) trillion dinars, and for this reason there is a crisis in the issue of cash liquidity, and the delay in releasing employee salaries during the past months, but this crisis is not very severe, and it is not an economic or financial crisis, but there is a faltering in... Finance is what creates the crisis despite the financial abundance of the dollar, and this is why the Iraqi government is turning to electronic payment so that the process of printing more Iraqi currency does not take place.”
On February 25, the Ministry of Finance denied the lack of sufficient cash liquidity to secure the salaries of state employees and confirmed in a statement, “Securing the salaries of employees, the social protection network, and the salaries of retirees without delay or delay through its retained cash balances for the previous year and its oil and non-oil revenues.” LINK
Provoking Points to Ponder on Decisions
Men and women everywhere must exercise deliberate selection to live wisely. - Robert Grant
Decision and determination are the engineer and fireman of our train to opportunity and success. - Burt Lawlor
The last of the human freedoms: to choose one's attitude in any given set of circumstances, to choose one's own way. - Viktor Frankl
Choice of attention ... is to the inner life what choice of action is to the outer. In both cases, a man is responsible for his choice and must accept the consequences, whatever they may be. - W. H. Auden
You are the one who must choose your place. - James Lane Allen
Man does not simply exist, but always decides what his existence will be, what he will become in the next moment. - Viktor Frankl
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Liberty and Finance: 2-2-8-2024
Investors are used to unending stimulus from the Federal Reserve. But market trader Gareth Soloway is anticipating continued high inflation, and the Fed will not be able to lower rates.
Also, the rate at which the national debt is rising is "unsustainable."
"The reset occurs when all of that collapses."
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Liberty and Finance: 2-2-8-2024
Investors are used to unending stimulus from the Federal Reserve. But market trader Gareth Soloway is anticipating continued high inflation, and the Fed will not be able to lower rates.
Also, the rate at which the national debt is rising is "unsustainable."
"The reset occurs when all of that collapses."
"Coffee With MarkZ" Thursday Morning Chat 2-29-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Leap Day
Member: Good morning to all of you. "May the Journey begin"
Member: We need some great news today!
MZ: I am expecting bond updates throughout the day today as to what they are being told . They were told to expect an update on Tuesday from 3 different parts of the world…so I am hopeful to have an update for you all this evening.
Member: Isaac said he's expecting his 1% anytime from today through Tuesday
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Leap Day
Member: Good morning to all of you. "May the Journey begin"
Member: We need some great news today!
MZ: I am expecting bond updates throughout the day today as to what they are being told . They were told to expect an update on Tuesday from 3 different parts of the world…so I am hopeful to have an update for you all this evening.
Member: Isaac said he's expecting his 1% anytime from today through Tuesday
Member: Mark what do you think of the rumor it could happen tomorrow?
MZ: I’m going to leave it as rumor for now. But it could happen in 3 minutes…or 2 days……we just don’t know the timing. But rumors are non-stop running hard.
Member: Well, Nader says they are in the WTO so let’s see how fast Iraq puts out their rate!!
Member: Doesn't Iraq have to have a currency value to join the WTO ?
Member: Major question: Did the WTO accept Iraq's membership at 1310???
Member: I think if Iraq was in the WTO- we would know it…..if we are trying to guess…..I believe they are not in yet.
MZ: I hear they are not yet in. waiting for an announcement.
Member: How are we going to handle the 3 day celebration Iraq wants after the announcement?
MZ: Kuwait had a 10 day lag before the world found out….If Iraq wants a 3 day celebration to go quiet …well we will deal with it. We will have a good idea its already happened and then we will do our thing….We could deal with that. I’m ok with that….They deserve it.
MZ: If Iraq wants 3 days between a rate change before announcing it….I don’t think they will be able to keep the cat in the bag…..the genii in the bottle or Pandora in the box.
Member: Three days is nothing compared to how long we have waited already
Member: they absolutely deserve to celebrate
Member: So, what's the holdup on the RV?
Member: That is the million dollar question.
Member: I think Iraq is a barometer, but IMO the fiat here has to crash first & I believe that they are being held back by the CBI
Member: I know people want to punch me in the face when I say this but I see them wanting to play this thing all the way to the election. God I hope I'm wrong!!
Member: unfortunately, I have been suspecting the same thing
Member: I think what bugs me the most is if we are going another 9 months then why are they making Iraq look like they are ready to RV? I wish they would!!!!
MZ: “Country Garden liquidation petition adds to China’s property woes” Roughly a quarter of their GDP is the property market which has been crashing. This is coming on the heels of the Evergrande liquidation. Watch this one….China is struggling and could all collapse like a house of cards.
Member: A lot of pension funds are invested in commercial property here and Chinese banks as well . Yes the world has major problems .
Member: Chase has been building "small" bank locations all around the country. They took over several empty buildings in KC,MO/KS metro and built several. Most say Chase and JP Morgan Wealth
Member: I really wish I could just download everything into my brain and know exactly what is happening everywhere.
Member: It’s hard to know what’s true . We live in a world of lies…run by liars…..makes me so sad.
Member: I am ready to rock and roll.. Let's GO RV!!!
Member: See you all tonight. Have a blessed day
Zester joins the stream today. Please listen to the replay for his information and opinions. He will be doing a podcast right after Mark’s podcast today.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
Iraqi Dinar Today Video Updates Thursday AM 2-29-24
Iraqi Dinar Today Video Updates Thursday AM 2-29-24
Really Great Approved RV Of Iraqi Whenever 2024 – 3:07
Its Massive Al Sudani Announced On TV RV Done And fixed Exchange Rate – 3:42
Big News Massive Reinstatement At $3.22 – 2:56
Iraqi Dinar Today Video Updates Thursday AM 2-29-24
Really Great Approved RV Of Iraqi Whenever 2024 – 3:07
Its Massive Al Sudani Announced On TV RV Done And fixed Exchange Rate – 3:42
Big News Massive Reinstatement At $3.22 – 2:56
Really Great Approved RV Of Iraqi Whenever 2024 – 3:07
Its Massive Al Sudani Announced On TV RV Done And fixed Exchange Rate – 3:42
Big News Massive Reinstatement At $3.22 – 2:56
Currency Insider Iraqi Dinar - Dong Updates Thursday AM 2-29-24
Currency Insider Iraqi Dinar - Dong Updates Thursday AM 2-29-24
Iraqi Dinar RV Can Change Any Time $1 – 4:13
Vietnam Dong Latest Rate Update Some Massive Changes – 1:17
Currency Insider Iraqi Dinar - Dong Updates Thursday AM 2-29-24
Iraqi Dinar RV Can Change Any Time $1 – 4:13
Vietnam Dong Latest Rate Update Some Massive Changes – 1:17
Iraqi dinar RV can change any time $1 – 4:13
Vietnam Dong Latest Rate update some massive changes - 1:17
Iraq Economic News and Points to Ponder Thursday AM 2-29-24
Iraq Economic News and Points to Ponder Thursday AM 2-29-24
Tlm724 Administrator Bondlady’s Corner
A Specialist Explains In Numbers The "Cash Liquidity" Crisis That Caused A Delay In The Disbursement Of Salaries
Economy |Yesterday, 19:05 |Baghdad today – Baghdad Today, Wednesday (February 28, 2024), financial affairs expert Nabil Jabbar Al-Tamimi revealed details of the “cash liquidity” crisis that Iraq is going through, which led to a delay in the release of employee salaries.
Al-Tamimi told "Baghdad Today", "There is a real crisis in cash liquidity, and the Iraqi Ministry of Finance brings money to pay salaries through the Central Bank of Iraq, and the bank brings this money by making transfers (selling dollars)."
He stated, “There is a limited possibility for the Central Bank of Iraq to make transfers and sell dollars due to American censorship, and the bank sells approximately (200) million dollars a day, and this process takes place in a month for approximately (22) days only, meaning it sells approximately (4) billion dollars a month.”
Iraq Economic News and Points to Ponder Thursday AM 2-29-24
Tlm724 Administrator Bondlady’s Corner
A Specialist Explains In Numbers The "Cash Liquidity" Crisis That Caused A Delay In The Disbursement Of Salaries
Economy |Yesterday, 19:05 |Baghdad today – Baghdad Today, Wednesday (February 28, 2024), financial affairs expert Nabil Jabbar Al-Tamimi revealed details of the “cash liquidity” crisis that Iraq is going through, which led to a delay in the release of employee salaries.
Al-Tamimi told "Baghdad Today", "There is a real crisis in cash liquidity, and the Iraqi Ministry of Finance brings money to pay salaries through the Central Bank of Iraq, and the bank brings this money by making transfers (selling dollars)."
He stated, “There is a limited possibility for the Central Bank of Iraq to make transfers and sell dollars due to American censorship, and the bank sells approximately (200) million dollars a day, and this process takes place in a month for approximately (22) days only, meaning it sells approximately (4) billion dollars a month.”
A dollar per month compared to the exchange rate is (5) trillion Iraqi dinars per year, which is approximately (65) trillion Iraqi dinars, and this number is only the volume of sales of the Central Bank of Iraq.”
He added, "In contrast, Iraq's budget exceeds (200) trillion dinars, and for this reason there is a crisis in the issue of cash liquidity, and the delay in releasing employee salaries during the past months, but this crisis is not very severe, and it is not an economic or financial crisis, but there is a faltering in... Finance is what creates the crisis despite the financial abundance of the dollar, and this is why the Iraqi government is turning to electronic payment so that the process of printing more Iraqi currency does not take place.”
On February 25, the Ministry of Finance denied the lack of sufficient cash liquidity to secure the salaries of state employees and confirmed in a statement,
“Securing the salaries of employees, the social protection network, and the salaries of retirees without delay or delay through its retained cash balances for the previous year and its oil and non-oil revenues.”
The Central Bank Announces The Start Of Establishing The National Company For Electronic Payment Systems
Hawraa.m Today, Wednesday, the Central Bank announced the start of establishing the National Company for Electronic Payment Systems, while confirming the increase in the volume of deposits in the banking sector to 131 trillion dinars and the volume of foreign reserves to 148 trillion dinars.
Deputy Governor of the Central Bank, Ammar Khalaf, said in his speech during the opening of the eighth annual exhibition and conference for finance and banking services in Iraq, followed by (Al-Oula News):
“Many challenges that Iraq experienced in the past year and the Central Bank faced them with high responsibility, as it was able through monetary policy tools.”
The various decisions and the right decisions will achieve its goals set forth in its law, in addition to achieving the general level of prices through a decrease in the inflation rate, as since the beginning of 2023 the inflation rate has reached 7.5 percent and decreased at the end of the year 2023 to 4 percent.”
He pointed out, “activating monetary policy tools and raising the price from 4 percent to 7.5 percent, in addition to issuing various financial tools, including bank transfers and Islamic certificates of deposit instruments, which were considered an investment opportunity for Islamic and commercial banks operating in Iraq, in addition to using monetary policy tools.”
Various, including raising the mandatory reserve ratio from 15 percent to 18 percent,” indicating that “these tools are intended to manage excess liquidity in the Iraqi economy.”
He pointed out that “last year witnessed clear growth in most monetary changes, including an increase in the volume of deposits in the banking sector from 129 trillion dinars in 2022 to 131 trillion dinars in 2023, as well as an increase in private sector deposits in the banking system from 54 trillion dinars to 55 and a half trillion dinars.”
In addition to an increase in the volume of credit in the banking sector from 60 trillion to 69 trillion in 2023, in addition to an increase in credit to the private sector from 35 to 40 trillion dinars, in addition to an increase in the volume of foreign reserves from 140 to 148 trillion dinars.”
He continued, “The efforts led by the Central Bank of Iraq in cooperation with the government, especially with regard to expanding the use of electronic payment tools, as there was a clear rise and growth in electronic payment tools in Iraq, as the number of POS points of sale increased from 10,000 devices per year.” 2022 to more than 20 thousand machines in 2023. The number of ATM machines also increased from 2,223 machines in 2022 to about 3 thousand machines in 2023.
As for the number of electronic cards of various types, it reached about 16 million cards in 2022 and 18 million cards. In the year 2023,” noting that
“last year witnessed great cooperation between the government and the Central Bank, especially with regard to enhancing confidence in the national currency through the various decisions issued by the Council of Ministers and the Central Bank.”
He explained, “There is less use of foreign currency in daily transactions, in contrast, there is increased reliance on the national currency for local transactions,
in addition to there being cooperation in the issue of restructuring government banks and developing private banking institutions to build sound and sound banking institutions.” He stressed,
“The Central Bank of Iraq is focusing on the importance of enhancing compliance with compliance standards for all financial institutions in accordance with local and international standards,” pointing out that “external transfer operations witnessed great discipline during the past year and a
high response from all banks to facilitate trade financing operations and various external transfers.” Especially after the issuance of external transfer controls at the beginning of last year.”
He added, “The Central Bank of Iraq was able to strengthen its banking relations with a large number of Arab and foreign financial and banking institutions to open wider areas and ensure a high flow of external transfers, especially the use of different channels for external transfers in different currencies other than the dollar or next to the US dollar.”
He pointed out, “The Central Bank seeks to strengthen banks by increasing the capital of all banks from 250 to 400 billion dinars,” noting that
“One of the most important projects launched by the Central Bank last year and work on it is still ongoing this year is the establishment of a “bank.” “Riyadah” which will be specialized in providing financing for small and medium enterprises, as well as preparing a national strategy for bank lending due to the
importance of the Iraqi economic depth and financial development and the
importance of the role of financing in enhancing production and investment opportunities in Iraq,
in addition to enhancing the role of non-banking financial institutions that support financial and banking stability in Iraq. “By strengthening the role of the Deposit Guarantee Company as well as the Loan Guarantee Company,
in addition to starting to establish the National Company for Electronic Payment Systems, which it is hoped will have a major role in regulating electronic payment operations in Iraq.”
https://www.awla.news/البنك-المركزي-يعلن-البدء-بتأسيس-الشرك/
A Movement To List Government Bonds In The Markets
Market Economy News – Baghdad On Monday, the Iraqi Securities Commission explained the importance of government bonds, stressing that they provide financial liquidity for investment projects, while indicating that there is a movement from the Central Bank to list government bonds in the markets.
The Chairman of the Authority, Faisal Al-Haims, said in a statement reported by the official news agency and seen by Al-Iqtisad News, that “three issues of government bonds were issued, as the first and second issues were launched, and now there is the third issue.” He pointed out,
"There are requests from the Central Bank of Iraq to list these bonds on the market," indicating that
"those bonds are debt securities owed by the Iraqi government, in exchange for interest given to the owner of this bond."
He stressed, "This measure will provide financial liquidity for the investment projects launched by the Prime Minister and his government," suggesting that they "will be crowned with goodness and success for the Iraqis."
Government bonds are a type of debt-based investment, where you lend money to the government in exchange for an agreed interest rate.
Governments use them to raise money that can be spent on infrastructure or new projects, and
investors can use them to obtain set returns that are paid at regular intervals.
335 views 02/26/2024 - https://economy-news.net/content.php?id=40882
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Criticism
Said the pot to die kettle, "Get away, blackface."- Miguel de Cervantes
Critics are the men who have failed in literature and art.- Benjamin Disraeli
What a blessed thing it is that nature, when she invented, manufactured and patented her audiors, contrived to make critics out of the chips that were left!- Oliver Wendell Holmes
Even the lion has to defend himself against flies.- German proverb
I had rather be hissed for a good verse than applauded for a bad one.- Victor Hugo
Of all the cants which are canted in this canting world - though the cant of hypocrites ihay be the worst - the cant of criticism is the most tormenting. - Laurence Sterne
As a bankrupt thief turns thief-taker in despair, so an unsuccessful author turns critic.- Percy Bysshe Shelley
"Tidbits From TNT" Thursday Morning 2-29-2024
TNT:
Tishwash: Al-Sudani: The investment environment in Iraq has become promising, welcoming and open
On Thursday, Prime Minister Muhammad Shiaa Al-Sudani described Iraq’s investment environment as “promising, welcoming and open after the financial, administrative and banking reforms carried out by the government he heads.”
This came during his reception of a delegation from the Turkish company Limak, which specializes in transportation and construction projects, headed by the company’s founder Nihat Ozdemir, according to a statement issued by the Presidency of the Council of Ministers.
At the beginning of the meeting, Al-Sudani pointed out the investment and development opportunities that the company can contribute to in Iraq, especially in the areas of infrastructure and transportation projects, and what is related to the development road projects and the Grand Al-Faw Port, as well as road, bridge and industrial city projects in various governorates.
TNT:
Tishwash: Al-Sudani: The investment environment in Iraq has become promising, welcoming and open
On Thursday, Prime Minister Muhammad Shiaa Al-Sudani described Iraq’s investment environment as “promising, welcoming and open after the financial, administrative and banking reforms carried out by the government he heads.”
This came during his reception of a delegation from the Turkish company Limak, which specializes in transportation and construction projects, headed by the company’s founder Nihat Ozdemir, according to a statement issued by the Presidency of the Council of Ministers.
At the beginning of the meeting, Al-Sudani pointed out the investment and development opportunities that the company can contribute to in Iraq, especially in the areas of infrastructure and transportation projects, and what is related to the development road projects and the Grand Al-Faw Port, as well as road, bridge and industrial city projects in various governorates.
The Iraqi Prime Minister reiterated the government's welcome of companies with high technical and operational experience, explaining that the investment environment in Iraq has become a promising, welcoming and open environment, especially after the financial, administrative and banking reforms took their course, and the private sector was qualified to conclude fruitful partnerships with international companies. link
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Tishwash: A new step by the government to attract foreign investments
Deputy Prime Minister and Minister of Oil, Hayyan Abdul-Ghani Al-Sawad, revealed today, Wednesday (February 28, 2024), the government’s intention to amend the investment law to facilitate the work of companies that wish to enter Iraq.
Al-Sawad said during an interview with “Baghdad Today” that “the government is determined to amend the investment law in Iraq, in a way that ensures the process of attracting companies,” indicating that “there are some observations on the current investment law, and accordingly we proceeded to propose some amendments, and they will be studied to proceed with drafting the amendments.” necessary from the government in preparation for sending the amendments to Parliament for passage.”
The Deputy Prime Minister stated, “Investment in the refinery sector is our most important priority in the Ministry of Oil, and therefore the government seeks to develop all aspects of the country, and one of the most important ways of development is to work to find an investment law that will be attractive to companies to work in Iraq.”
According to specialists in economic affairs, the country’s investment law is one of the best laws that can attract capital and international companies, in addition to being appropriate to the economic reality.
They stressed that the advantages provided by the law were not optimally exploited to bring about broad development or reconstruction moves, and the provisions of the laws were not widely exploited except in the oil field, pointing out that legal legislation alone is not sufficient for the inflow of investment capital into the country. link
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Tishwash: Barzani discusses in Washington the importance of ensuring the region’s share of the budget and protecting its security
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed in Washington, today, Wednesday (February 28, 2024), with a member of the Foreign Relations Committee in the US Senate, Senator Tammy Duckworth, the controversial issues between Baghdad and Erbil.
The regional government said in a statement received by “Baghdad Today” that Barzani “during the meeting briefly touched on the general situation in Iraq, and the importance of resolving the controversial issues between the Kurdistan region and the federal government, in a way that guarantees the region’s financial rights, secures its share of the budget, protects its security and stability, and preserves the region’s financial rights.” rights of all its components.
Senator Tammy Duckworth, according to the statement, renewed her support for the Kurdistan region, and also stressed that she will make every effort to protect the Kurdistan region and address the controversial issues between the region and the federal government.
It is noteworthy that Barzani has been continuing for days during his ongoing visit in Washington a series of meetings and meetings with officials in the American government and members of the Senate and Congress, and his discussions focus on bilateral relations between the region and the American side and discussing the outstanding issues between Kurdistan and Baghdad. link
Mot: ... And Today is!!!!!!
Mot: ... Yeppers!!!! --- WRONG Tribe I Be IN!!!
News, Rumors and Opinions Thursday AM 2-29-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 29 Feb. 2024
Compiled Thurs. 29 Feb. 2024 12:01 am EST by Judy Byington
Judy Note:
Stock Market Crash Alert: Mark Your Calendars for March 1. Lawmakers are stuck in negotiations over the budget as a government shutdown looms large. Will the stock market crash? https://investorplace.com/2024/02/stock-market-crash-alert-mark-your-calendars-for-march-1
Global Currency Reset: (RUMORS)
Wed. 28 Feb. Wolverine: “Hi guys. A lot of people are asking me why it has not gone off yet. If you look at what is going on right now you will realize that we are close. They are ready. They are not waiting for anything anymore. There are no problems anymore. Iraq is (allegedly) a member of the World Trade Organization.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 29 Feb. 2024
Compiled Thurs. 29 Feb. 2024 12:01 am EST by Judy Byington
Judy Note:
Stock Market Crash Alert: Mark Your Calendars for March 1. Lawmakers are stuck in negotiations over the budget as a government shutdown looms large. Will the stock market crash? https://investorplace.com/2024/02/stock-market-crash-alert-mark-your-calendars-for-march-1
Global Currency Reset: (RUMORS)
Wed. 28 Feb. Wolverine: “Hi guys. A lot of people are asking me why it has not gone off yet. If you look at what is going on right now you will realize that we are close. They are ready. They are not waiting for anything anymore. There are no problems anymore. Iraq is (allegedly) a member of the World Trade Organization.
Wolverine Cont…..On Thurs. 29 Feb. they will (allegedly) officially joined BRICS which means they must be (allegedly) asset backed. Venezuela could be among those other four countries joining BRICS as well. The Iraqi people are (allegedly) queuing up at the banks and waiting for the RV. All my sources are locked up with NDA right now and most Whales are under NDA. That is a good sign. We should have an announcement (allegedly) tomorrow Thurs 29 Feb. concerning the USTN. So just hold on as it’s not that long to go till Wolverine sings that Opera. God bless you all.” …Wolverine
Tues. 27 Feb. Bruce: Tier4b (us, the Internet Group) could get our notifications (allegedly) on Thurs. 29 Feb. Everything is supposed to roll out and be visible to us on Fri. 1 March – which is when Tier4b appointments could start. The Iraqi Government will (allegedly) start paying all their salaries at the new Dinar Rate on Fri. 1 March. The R&R will start paying out around the second week of March. Starting in March there will be(allegedly) increases in Social Security payments of at least $2,041 on top of what you are getting now.
Mon. 26 Feb. Hernán Robert Hbravo: “Baghdad Communication reported a possible Dinar revaluation on Thurs. 29 Feb. or Fri. 1 March.”
Judy Note: A High Up Contact and other valid sources have indicated that the Cabal (allegedly) capitulated on Thurs. 22 Feb, the final phase of The Plan (mass arrests?), which was now in motion. If things went as expected we may have a three day celebration beginning around Thurs. 29 Feb. RV rates have been agreed upon with a goal for the RV to happen by Fri. 1 March. It was now my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments around Thurs. 29 Feb. or Fri. 1 March and begin appointments during the Ten Days of Darkness/ Exposure – which appeared slated to occur around Sun. 3 March through Wed. 13 March 2024.”
On Mon. 20 March 2023 the new gold/asset-backed Quantum Financial System (QFS) (allegedly) replaced the Cabal’s fiat currency Central Banking System. There were 11,000 institutions in 200+ countries which adopted the QFS ISO20022 Digital Payment System.
Wed. 28 Feb. Intel on Currency Reset, NESARA and QFS, Johnson, Scott: https://beforeitsnews.com/alternative/2024/02/derek-johnson-dr-scott-new-intel-on-currency-reset-of-nesara-and-the-qfs-3809171.html
Global Financial Crash:
Wed. 28 Feb. Fed to allow emergency bank lending program to expire on March 11 Reuters: https://www.reuters.com/markets/us/fed-allow-emergency-bank-lending-program-expire-march-11-2024-01-25/
Wed. 28 Feb. Wells Fargo, Bank of America, PNC, Santader Banks announce 34 branch closures in one week: https://www.dailymail.co.uk/yourmoney/article-13128359/bank-branch-news-Wells-Fargo-Bank-America-Citizens-PNC-Santader.html
Wed. 28 Feb. El Salvador President Says the US Dollar Will Collapse: https://watcher.guru/news/brics-el-salvador-president-says-the-us-dollar-will-collapse
Read full article here: https://dinarchronicles.com/2024/02/29/restored-republic-via-a-gcr-update-as-of-february-29-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Harlequinc3 Over the years, there's been many articles about the old currency retaining its 'nominal value' -- the denomination remains the same, a 25,000 dinar note remains 25,000 one dinars. And the new 25 denomination remains 25 one dinars. 1 dinar = 1 dinar. Denomination value just means 'name' not exchange rate. The confusion arises from people thinking 'value' means exchange rate, when it's just talking about the nominal value -- the 'named' value of the dinar, which in this example is a '25,000 dinar' note -- that's its name, not its exchange rate. [Post 1 of 2]
Harlequinc3 To an Iraqi, an exchange rate of pounds sterling to dinar is meaningless. 1 dinar is just 1 dinar. But what does that 1 dinar buy? That's what matters to an Iraqi...IMO, the latest article is explaining, the named value of both notes don't change (it doesn't affect the 'nominal value.') It answers the question about a lop of the old dinar, explaining you will exchange 25,000 old dinar for 25,000 new dinar (electronically) at a 1:1 value -- the named value remains the same. Of course, for people outside Iraq they will be exchanging 25,000 dinar for their home country's national currency of 25,000 dinar at an approved exchange rate. [Post 2 of 2]
Fed Policy Mistake To Cause Bond Rush, Break The Economy | Alfonso Peccatiello
David Lin: 2-2-8-2024
Alfonso Peccatiello, Founder of The Macro Compass, discusses the state of the economy, and what's next for bonds, stocks, and Bitcoin.
0:00 - Intro
1:40 - Interest rates
7:24 - AI
8:30 - Fed policy mistake
9:27 - Incoming bond supply
14:30 - Stock prices vs economy
16:10 - Sentiment on the recession
20:15 - Outlook on stock markets
23:11 – Bitcoin
Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24
Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24
Good Evening Dinar Recaps,
"This suggests that the gap between weekends and weekdays could deepen further as ETFs gain traction and change the market structure,” Kaiko concluded.
Since the dawn of spot Bitcoin ETF, trading volumes over the weekend have moved over to Traditional Market hours Monday through Friday.
People are beginning to wake up to the fact that a digital economy is well underway, and the markets are shifting from weekend trades to traditional Market hours.
This move is indicating that sentiment towards a digital economy is growing, and the measurement of new values on digital assets are beginning to move M-F with the traditional market hours.
This has raised the level of professionalism inside the CRYPTO Market giving those who trade these assets more validity as a trader.
Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24
Good Evening Dinar Recaps,
"This suggests that the gap between weekends and weekdays could deepen further as ETFs gain traction and change the market structure,” Kaiko concluded.
Since the dawn of spot Bitcoin ETF, trading volumes over the weekend have moved over to Traditional Market hours Monday through Friday.
People are beginning to wake up to the fact that a digital economy is well underway, and the markets are shifting from weekend trades to traditional Market hours.
This move is indicating that sentiment towards a digital economy is growing, and the measurement of new values on digital assets are beginning to move M-F with the traditional market hours.
This has raised the level of professionalism inside the CRYPTO Market giving those who trade these assets more validity as a trader.
With big names like BlackRock and others pouring their money into the crypto markets and moving out of the stock market, it is shaping the world of crypto. The merge of these two markets into one is well underway.
It is a market that has to be dealt with as tokenized assets have been given the green light as of yesterday to begin moving and expanding Networks across the Sorobon mainnet.
Sorobon is a smart contract Network designed to draw in institutional money as well as the entrepreneur seeking to add a little pocket change.
Look for a stablecoin regulation to become a main priority at this point on the legislative level. Once these moves are made, they will turn on these Networks to full blast.
The merging of tokenized assets and digital payment systems through stablecoins and smart contracts are a phase of development that is picking up steam. The Block
© Goldilocks
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Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).
Bills of Lading are a critical document in international trade. They are issued by a carrier when a seller dispatches goods to an end customer, and act as a ‘receipt’ for the goods being shipped.
Once payment – or agreement to pay at a future date – for the goods is received, the Bill of Lading is released to the buyer so they can claim the product on arrival.
The vast majority of Bills of Lading are currently in paper form. Through this new partnership, Lloyds Bank’s clients will now be able to securely and seamlessly transfer fully digital, blockchain-based eBLs between organisations on the WaveBL network, which boasts members in 136 countries and includes four of the world’s ten largest container shipping carriers.
Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).
Bills of Lading are a critical document in international trade. They are issued by a carrier when a seller dispatches goods to an end customer, and act as a ‘receipt’ for the goods being shipped.
Once payment – or agreement to pay at a future date – for the goods is received, the Bill of Lading is released to the buyer so they can claim the product on arrival.
The vast majority of Bills of Lading are currently in paper form. Through this new partnership, Lloyds Bank’s clients will now be able to securely and seamlessly transfer fully digital, blockchain-based eBLs between organisations on the WaveBL network, which boasts members in 136 countries and includes four of the world’s ten largest container shipping carriers. The Global Treasurer 1
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Google Announcement:
"Google has declared the discontinuation of Google Pay in the United States. The tech giant announced that all users will be transitioned to Google Wallet, with the standalone Google Pay app in the US set to become unusable from June 4, 2024." Finance Magnates
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BRICS Move Away from Dollar: Loans Now in Yuan, Marking Shift in Global Power Dynamics | Crypto News Flash
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BlackRock Bitcoin ETF (IBIT) Hits Another Record Volume Over $1.35B as BTC Price Nears $57K | CoinDesk
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When Ethereum spot ETF is approved, watch for Bitcoin smart ETF holders to diversify into the new Ethereum ETF.
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When hyperinflation hits our economy and we are very close, this will slow the money velocity to a near stopping point.
It will allow new connections to be made in the market inside a digital monetary framework.
Just know there is a purpose in it all and be prepared: food, shelter, toilet paper, and water are your best friends.
During this time, the most important assets you will hold will be your friends and family.
© Goldilocks
~~~~~~~~~~
Ripple Announcement:
According to a new announcement, Ripple and the Axelar Foundation are partnering to bring greater interoperability to XRP Ledger (XRPL) across several blockchain networks.
This collaboration aims to drive forward a more interconnected blockchain ecosystem, providing developers with new integration and application development opportunities. Axelar's network will be a supplementary resource for XRPL, increasing its utility and reach.
Ripple President Breaks Silence on Latest XRP Ledger Game-Changing Move Today
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The market charts are beginning to show topping formations. USBank
© Goldilocks
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