Interesting perspective about arrival of digital currency in iraq

[blueskyline]

1-12-2017   Intel/Newshound Guru Backdoc   THE NEWLY ACQUIRED IBAN NUMBER IN IRAQ CAN NOW EFFECTIVELY MOVE FUNDS INTERNATIONALLY ON A DIGITAL PLATFORM IN SECONDS NOT WEEKS!  REALIZE THIS IS ONLY A PART OF THE WHOLE SYSTEM THAT NEEDS TO BE ADMITTED BUT MORE WILL COME IN THE NEXT FEW DAYS I SUSPECT!  ...YOU CAN'T SEE THE NEW ASSET-BACKED DINAR TO EXCHANGE UNTIL THERE IS A DIGITAL CURRENCY TO EXCHANGE TO PERIOD!  THE POTENTIAL NOW EXISTS ONCE IRAQ'S COMPLAINT IS SATISFIED! WHAT COMPLAINT? ...THEY COMPLAINED ABOUT NOT BEING ABLE TO DISPOSE OF THE OLD DOLLAR BECAUSE THEY HAD TO WAIT UNTIL THE U.S. TREASURY ANNOUNCES THE NEW ONE! 

1-12-2017   Intel/Newshound Guru Backdoc  THE IMF STUDY CLEARLY STATES THAT YOU CAN'T CONVERT A DIGITAL CURRENCY TO A NON DIGITAL CURRENCY!  THE NEW DIGITAL CURRENCIES WILL REPLACE THE OLD ONES NOT CONVERT!   ...SO WE KNOW EXACTLY WHAT WE ARE LOOKING FOR, THE NEW DIGITAL DOLLAR SINCE WE ALL KNOW THE OLD DOLLAR AS IRAQ STATES IS NOT DIGITAL!  THE TIMING IS NOT ABOUT THE BUDGET OR ANY OTHER THING IN IRAQ IN MY HUMBLE OPINION, IT IS ABOUT THE ARRIVAL OF THE NEW DOLLAR WHICH IS COMING THIS WEEKEND OR NEXT MOST LIKELY, IMO  

 

[blueskyline]

 

Central denies dropping the old edition of the Dollar

Economy    26/12/2016 10:22    Suspension    89 views   Iraqi Central Bank denied Monday reports that talked about dropping the old edition of the dollar, adding that he can not do that step, but notice from the US Department of Treasury.  A spokesman for the Acer Bank Jabar told I followed NOAA "The news that I talked about not dealing in dollars the old edition are completely untrue and baseless.  He added that "the process if they occur would be after receiving notification from the banking agencies and the US Treasury Department had been replaced dollar new currency.  Jabbar said that international banks will give allow for the replacement of old money and new editions period will inform citizens about this process by the official announcement by the Central Stat Counter.

[blueskyline]

 

.Backdoc and Thunderhawk 1-12-17 "Official- From US Dept. of Treasury"

1/12/2017

0 Comments

 

KTFA:

Thunderhawk:  OFFICIAL FAMILY: FROM THE US DEPARTMENT OF TREASURY...
.
BACKDOC: : YES. THE GOAL OF A MORE ROBUST AND RESILIENT SYSTEM NEEDED TO BE IN PLACE  IS RIGHT.   NOW WE SEE EVIDENCE OF THAT SYSTEM COMING FORTH DAILY.  

SOON WE WILL SEE BLACK GOLD MAKE ITS TRANSITION FROM BEING PEGGED TO THE PETRO DOLLAR TO BEING PEGGED TO THE SDR.

PERFECT! THE UNIVERSAL CURRENCY BEING STABILIZED BY THE SDR BASKET OF CURRENCIES COMMONLY KNOWN AS THE ONE WORLD CURRENCY!

THIS SDR BASKET AS YOU KNOW CAN CREATE ITS OWN CURRENCY CALLED SDR BONDS WHICH CURRENTLY ARE USED TO HELP COUNTRIES THAT ARE IN FINANCIAL DISTRESS.
   
IN THE FUTURE,THE SDR MAY BE PRINTED FOR GLOBAL PUBLIC USE AND IS SLATED TO BE CALLED THE BANCOR!  THIS TRANSITION TO A PRINTABLE CURRENCY MAY BE SOME TIME OFF.    8@8, DOC IMO
....

 

A Closer Look at Under Secretary Sheets’s Remarks at the Institute of International and European Affairs

By: Kay Turner 12/7/2016

 

During an event hosted by the Institute of International and European Affairs, Under Secretary for International Affairs Nathan Sheets gave remarks that reviewed the significant steps taken since the global financial crisis to enhance the resilience of markets and strengthen financial institution balance sheets. He discussed the G-20’s financial regulatory achievements and priorities, and the importance of U.S.-EU cooperation in these areas.

Under Secretary Sheets highlighted important steps G-20 members have taken to foster a more resilient financial system and how these reforms are already making the financial system safer. “These steps greatly reduce the risk of systemic crises while ameliorating the possible consequences of such crises, thus allowing banks to continue to play a critical role in intermediating credit for the real economy.”

Under Secretary Sheets explained that “G-20 and Basel Committee members have made important strides under Basel III to improve both the quantity and quality of capital for internationally active banks and introduced internationally consistent leverage and liquidity ratios.” He underscored that the current priority is to finalize the Basel III framework in order to ensure a level playing field among banks and eliminate differences that might threaten to undermine market confidence in the adequacy of bank capital.

On bank resolution, Under Secretary Sheets explained that the “task now is to ensure that the necessary components are in place, and properly operationalized, to enable a systemically important financial institution to be resolved in an orderly manner.” Part of the operationalization was the FSB’s finalization of its total loss absorbing capacity (TLAC) standard in November 2015 -- an important milestone for establishing a framework that allows for the resolution of global systemically important banks.

He indicated that the Bank of England has already written its rules, the Federal Reserve plans to finalize its own rules this year, and a European Commission proposal is expected soon.

Outside the banking sector, the Under Secretary stressed that the G-20 and FSB are working to promote consistent and robust frameworks for sustainable market-based finance. He added that the G-20 Leaders set out a comprehensive approach to promote clearing, trading, and reporting of over-the-counter (OTC) derivatives contracts to address risks exposed during the global financial crisis.

He encouraged all jurisdictions to move promptly to implement these measures.

Turning to U.S.-EU financial regulatory cooperation, Under Secretary Sheets highlighted the importance of core reforms to the United States and Europe.

He noted that the large size and interconnectedness of trans-Atlantic markets demonstrates why it is necessary for the two sides to cooperate closely and provide global leadership on financial regulatory reform. He added that “our shared interest is in maintaining open, integrated, and well-functioning global markets.”

Under Secretary Sheets concluded his remarks by noting that the ultimate goal of Treasury’s efforts is a more robust and resilient financial system: “We need to continue to strive for an efficient, globally-integrated, and inclusive financial system that fosters economic growth and financial stability.”

https://www.treasury.gov/connect/blog/Pages/A-Closer-Look-at-Under-Secretary-Sheets%E2%80%99s-Remarks-at-the-Institute-of-International-and-European-Affairs.aspx

 

[wshflthnkn]

Thanks, 

makes ya think...this is happening

[blueskyline]

http://www.ibtimes.com/us-postal-service-considers-blockchain-uses-including-issuing-its-own-digital-2374383

http://blogs.wsj.com/indonesiarealtime/2015/05/25/indonesians-start-to-embrace-bitcoin/

https://news.bitcoin.com/vietnam-virtual-currency-regulation-soon/

https://www.ft.com/content/f15d3ab6-750d-11e6-bf48-b372cdb1043a.......

Central banks explore blockchain to create digital currencies

Trailblazers including UK, Russia, China seek to cash in on bitcoin breakthrough

 

[sandfly]

Thanks 

[King Bean]

Dammit. All this new "digital currency" means my Money Gun will be obsolete.

         ( disclaimer: money, bouncing wife and batteries sold seperately )

[SgtFuryUSCZ]

You can still make it rain on that beatch, KB....

just fill it fulla Euros when the terrorists get done with Europe... or Pesos after Trump gets done with Mexico  ! 

HOLLAH....! 

 

[King Bean]

29 minutes ago, SgtFuryUSCZ said:

You can still make it rain on that beatch, KB....

What's amazing is.....she goes through the cash that fast, WITHOUT the gun. LOL. Have a great weekend Sgt.

[jeepguy]

  must  be the new 100 dollars  that Iraq is waiting for ?  has to be !   { and yep , looks like the u.s. mint failed in the obverse side of this coin ,  pitiful looking bird ,   resembles what ?  not an eagle }

[four wheel drift]

Obverse - front

Reverse  - back

As a collector not impressed with this coin.

FWD

GO RV

[jeepguy]

5 minutes ago, four wheel drift said:

Obverse - front

Reverse  - back

As a collector not impressed with this coin.

FWD

GO RV

yikessss   , thanks for the info ,  thought  obverse , was the meaning of : if you were looking at the front or back side , the obverse is the opposite side ...  { ya see I only collect one  type of ,well 2 types of currency ,    one for daily spending and the other for getting  hopefully retired !  in my banking accounts }

[Theseus]

When I am asked to throw a tip someone's way, i always ask if they take coin. I always get asked why? My retort is because they hurt more.

[King Bean]

20 hours ago, jeepguy said:

.....looks like the u.s. mint failed in the obverse side of this coin ,  pitiful looking bird ,   resembles what ?  not an eagle

I'm pretty sure it's not a (Seattle) Seahawk. Maybe an (Atlanta) Falcon.

[jeepguy]

4 minutes ago, King Bean said:

I'm pretty sure it's not a (Seattle) Seahawk. Maybe an (Atlanta) Falcon.

hahhahahaha   well   that is  a good idea ! 

[oregonrealtor]

On ‎1‎/‎14‎/‎2017 at 11:01 AM, jeepguy said:

  must  be the new 100 dollars  that Iraq is waiting for ?  has to be !   { and yep , looks like the u.s. mint failed in the obverse side of this coin ,  pitiful looking bird ,   resembles what ?  not an eagle }

Interesting coin.  IF it's for real, then what happens to the 1oz, $20 face value American Gold Eagles?  Are they all now instantly $100 face value?  Same gold weight.  Am I seeing a big snafu (nothing unusual for anything coming out of the government) in our money valuations or does having Michelle O's portrait on something instantly make it superior to every other gold coin issued in history?  Kind of takes us back to the good old, ever popular Susan B. Anthony dollars!  Good for chuckles.  Nothing I'd ever buy.  Disclaimer:  I'm no coin collector but I like the looks of the REAL American Eagles.