Davos Talks Are Still Ongoing.

[Luigi1]

Here's an article of Dinarian interests...

Davos may be over but talks with Iraq  & CBI are still ongoing.

Treat as a rumor.  Not verified.  Your opine.

 

 

Mnt Goat:                Talks Are Still Ongoing.

ARTICLE:  On the sidelines of the Davos Forum…held in Switzerland last week, Iraqi PM Al-Sudani & his accompanying delegation & Ali Al-Alaq, Gov of the CBI, continued to hold meetings, understandings & negotiations with the WB, the IMF, the President of the European Bank for Reconstruction, the American bank, J.P. Morgan & international financial institutions, with the aim of accelerating the procedures that… & I quote – “It is implemented by the government in cooperation with the CBI towards achieving financial & banking reform”. … It is all VERY GOOD news for us investors.

[Luigi1]

Here's another article related to the above...already international...

 

 

 

PIMPY:              Already International.

ARTICLE:  What is going International?  Because their currency is already International.   Iraq is international.   Did you forget they’re on sanctions?   They’re not on the Swift system.  That’s a biggie.  If they get their crap together & get back on the Swift system that would make a world of difference with the ER because then they could start doing business again, internationally.  

[Luigi1]

Here's another article related to the above...this is enormous...

 

 

 

MarkZ via PDK:           This Is Enormous.

ARTICLE:  There is an enormous piece of news…Somewhere in the last 48 hours appearing on the website of the Bank of International Settlements (BIS).  “Central Bank & Monetary Authority Websites”  …In Iraq they have made it to the BIS website now as a “Central Bank” I believe this is an enormous sign that we are about to see a “boom“ in the World Trade Organization. To me this is a big one.

[Luigi1]

Here's another article related to the above...This will give us more clarity on the payment side of the new digital economy...

 

 

Goldilocks:         This will give us more clarity on the payment side of the new digital economy.

ARTICLE: “On 27 December 2023, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a consultation paper1 (the Consultation) proposing regulatory regime for fiat-referenced stablecoin (FRS)2 issuers in Hong Kong.

The Consultation aims to establish licensing, supervision, and enforcement measures that align with global standards to effectively control the existing and potential risks linked to the development of stablecoins in Hong Kong.

The HKMA plans to launch a “regulatory sandbox” for potential issuers to facilitate the observation of stablecoins at the regulatory level in a controlled environment and will shortly be announcing the details of the arrangement.”

We have gone over what a sandbox is before in this room.  A sandbox is used to test and prepare for regulation a group of assets & this one is testing Stablecoins. Stablecoins represent a currency inside of a country.  In order for Hong Kong to test the currencies that trade with them in digital format, they are going through this testing period, so they can prepare these new Stablecoins for regulation under Global Standards on the new digital economy.

 

This will give us more clarity on the payment side of the new digital economy.  On February the 29th, 2024, this consultation period will be over.  At that time, they will be able to move forward with their Stablecoin in Hong Kong.

The beauty of this venue is that several other stablecoins will be tested and capable of being regulated according to Global Standards through this process as well.

This puts us inside the implementation stage for stablecoins to begin adoption into the new Digital asset-based Trading System.  These new stablecoins on the new digital economy will then be able to put price pressures on the foreign currencies from around the world.

[Luigi1]

Here's another article related to the above...the official ER...

 

 

 

Paulette:            The Official Rate.

ARTICLE:  Community Comment:  “IMO- CBI official rate 1310. 1 USD ~ 1310 IQD = 0.000763. Drop the three zeros. 1 USD ~ IQD 0.763 = 1.310”  I don’t believe .76 USD for one IQD (1.31 IQD/1USD) would be adequate for the Iraqis to want to abandon the more valuable USD...The MOP/MOI study all the way back in 2009 stated 1.14 – 1.18 USD to 1 IQD to start for 3 years prior to reinstating the true value of 3.22 USD per 1 IQD.