Al-Sudani discusses trading in digital currencies with JP Morgan Bank - 1/17/2024

[ronscarpa]

Al-Sudani discusses trading in digital currencies with JP Morgan Bank

PoliticsMuhammad Shiaa Al-SudaniDigital CurrenciesJP Morgan Bank

 

2024-01-17 // 05:06

 

Shafaq News / Prime Minister Muhammad Shiaa Al-Sudani and the Regional CEO of JPMorgan Bank discussed on Wednesday coordinating technical efforts with the Central Bank of Iraq in establishing ideas related to trading digital currencies for central banks.

 

The Prime Minister's media office said, in a statement received by Shafaq News Agency, that the latter "met today, on the sidelines of the Davos Economic Forum in Switzerland, the regional CEO of JPMorgan for the Middle East and North Africa, Khaled Hoballah."

 

He pointed out that "the meeting witnessed a discussion of the prospects for cooperation in the financial fields, and the opening of accounts for Iraqi banks, as well as the possibility of the bank participating in the government's efforts to adopt electronic payment applications in the Iraqi markets."

 

He stated, "Discussions took place in coordinating technical efforts between the Central Bank of Iraq and JP Morgan Bank in establishing ideas related to trading digital currencies for central banks."

 

The Prime Minister indicated, according to the statement, “Iraq’s aspiration towards the Bank’s cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq, stressing that Iraq is proceeding with financial and banking reform steps, in a way that helps in developing this vital sector.”

 

For his part, Khaled Hoballah expressed JP Morgan's readiness to "strengthen cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector," stressing the bank's intention, as a first stage, to "open accounts for three private Iraqi banks."

https://www.shafaq.com/ar/سیاسة/السوداني-يبحث-مع-بنك-جي-بي-مورغان-تداول-العملات-الرقمية

[screwball]

This will interesting with TRUMP announcing he will NOT be using CBDC’s

[Officiallytook]

38 minutes ago, screwball said:

This will interesting with TRUMP announcing he will NOT be using CBDC’s

With jp Morgan backing trump I feel you pretty crazy him going against those supposed backers the vanguard and black rock groups majority share holders ECT... 🧐

[8th ID]

Another interesting thing is a digital dinar has the same rate as a paper dinar right now. Why is JP Morgan going to deal with them when in the past they have said it is worthless currency and they will not deal with it? Do they know something? The only way they will start dealing with it is if they can make money off of it. I don’t believe they will do it at 1310 to 1. So something will have to change. 

[screwball]

1 hour ago, Officiallytook said:

With jp Morgan backing trump I feel you pretty crazy him going against those supposed backers the vanguard and black rock groups majority share holders ECT... 🧐

Is he really backing or playing the game because he’s been to Epstein island?   There will be no CBDC’s in the end! He said it IOWA loud and proud! 

[screwball]

Jp are in a world of trouble…

[screwball]

Have you seen one article by the WEF claiming their CBDC’s will be gold and asset backed…there can be no central banks..

[screwball]

Maybe central banks will have to play a different role…government control must end that’s why we are in the problems we are in! 

[SONIA1]

What a joke !!! Sudani can't even control exchange rate in his country wants to go Digital 😆 😂 

[Officiallytook]

7 hours ago, screwball said:

Is he really backing or playing the game because he’s been to Epstein island?   There will be no CBDC’s in the end! He said it IOWA loud and proud! 

Yeah I see, act like your down...then when it's time pull some hoecards and shut shiet down

[new york kevin]

My theory is that we won’t have a digital currency like XRP or Bitcoin. That would mean having one US currency competing against the other US currency.  Why allow a cryptocurrency to compete against a nations sovereign currency. It would be counter productive. It would also be the reason China, India and Russia have outlawed the use of any crypto in their countries. Sort of one way for the GOI to strengthen the IQD was to outlaw the use of the USD for all domestic transactions. My theory also views digital currency domestically as the monies we use via our ATM cards. This may un-conflate things, particularly if true.