Goldilocks’ Comments and Global Economic News Sunday Evening 12-3-23
Good Evening
Iraq recently published new final guidelines stating their intent to be free from money laundering and terrorist interaction.
This allows them to be viewed as a banking system free from a sanctions list upon its implementation.
It is a letter of intent and declaration recognizing the achievement of their training that they have gone through to reach this goal.
© Goldilocks https://cbi.iq/news/view/2479
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Iraq is making their final arrangements to work with Turkey through a signed agreement utilizing the Euro and Turkish Lira and the Iraqi Dinar only in their trade exchanges with one another.
“This also comes in the context of regulating trade and external transfer in accordance with sound practices and standards and within the framework of the comprehensive plan pursued by the Central Bank to open multiple channels, outlets and currencies with the aim of maintaining the stability of the financial system and protecting it from risks.”
These statements refer to opening up channels of foreign exchange with each other. It is a declaration of intent to work with multiple channels of foreign exchange among countries.
We already know they have signed a comprehensive agreement with India to work with the UPI system that will incorporate a group of other countries in trading in the dinar only beginning early January.
In the middle of this month, we are expecting the banking managers of Iraq to complete their banking reforms. This will give them just enough time to work with their employees on logistics training in exchanging the Iraqi Dinar only internationally for two weeks.
© Goldilocks
https://cbi.iq/news/view/2478
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India holds the key to a global shift away from Swift LiveMint Link
👆 Goldilocks pointed to this article
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Banking Announcement:
“Market forecasts now predict the Federal Reserve will cut rates earlier than previously anticipated, according to the CME Fedwatch Tool, with market participants now expecting cuts to begin as soon as March 2024.”
With new countries around the world beginning to trade in their own local currencies instead of the dollar. This move will stimulate spending and put more money into the hands of the consumers allowing more money flow to increase demand and worth of currencies around the world, and not, just the dollar.
© Goldilocks
https://bankingjournal.aba.com/tag/aba-data-bank/
EconLib Link
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Vietnam is beginning to really expand its Trading partnerships with other countries. This will increase demand for their currency and begin creating price pressures on it.
Their ability to trade in their own local currencies instead of the dollar will change their landscape considerably regarding money flow to their country and money flow into others through free trade agreements.
© Goldilocks
TheDiplomat Link
VNExpress Link
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Gold Ready For Massive BREAKOUT? $40 Silver Incoming?
https://youtu.be/QGwbdhMir6M?feature=shared
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Ripple #XRP News – BREAKING NEWS!
CHARLES SCHWAB AND YAHOO LIST XRP LIQUID INDEX FUNDS!
#BITCOIN ABOUT TO TEST $40,000
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The number of unique funds on DTCC’s Alternative Investment Product Services (AIP) has surpassed 10,000, the company has announced.
This marks a 20 per cent increase in unique funds over the past 12 months. The number of clients using the product has also risen by 28 per cent to more than 2,200.
AIP, launched in 2008, provides clients with a standardised reporting and trading platform, linking the alternative investments industry and exchange data.
It acts as a transaction processing and trade execution channel, connecting product dividers and issuers to distributors.
Through the service, DTCC aims to reduce the cycle time for transaction execution, removing manual processes and improving transparency and resiliency. AssetServicingTimes Link
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We are making progress on the Paris Agreement, but large gaps remain.
DMD Bo Li says more #climateambition & a strong response to the Global Stocktake is needed to increase investment in climate mitigation, accelerate diffusion of low-carbon tech. #COP28
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Spot bitcoin ETF approval is approaching, experts say. What to know CNBC Link
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DUBAI, United Arab Emirates (AP) — Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a U.S. warship there opened fire in self-defense as part of an hours-long assault claimed by Yemen’s Houthi rebels, officials said.
The attack potentially marked a major escalation in a series of maritime attacks in the Mideast linked to the Israel-Hamas war as multiple vessels found themselves in the crosshairs of a single Houthi assault for the first time in the conflict.
“We’re aware of reports regarding attacks on the USS Carney and commercial vessels in the Red Sea and will provide information as it becomes available,” the Defense Department told The Associated Press.
The Carney is an Arleigh Burke-class guided-missile destroyer that’s already shot down multiple rockets the Houthis have fired toward Israel so far in the war. It wasn’t damaged in the attack and no injuries were reported on board, said a U.S. official who spoke on condition of anonymity to discuss early details of a military operation.
