Goldilocks’ Economic News 5-18-2024
“Last week, in a letter to the council, Iraqi Prime Minister Mohamed Shia al-Sudani called for the United Nations Assistance Mission for Iraq (UNAMI), which has been operational since 2003, to end by December 31, 2025.”
Resolution 1770 (2007) was devised to give guidance for Iraq on internal protocols that would enable them to secure a safe environment for their people and become prosperous in the world around them.
The resolution was co-sponsored by:
* United Kingdom
* United States
* Italy
* Slovakia
There will be a meeting at the end of May to discuss the gradual removal of the United Nations’ involvement with Iraq. It is believed that they have achieved their goals with Iraq, and they believe Iraq’s ability to move forward on their own is showing consistent progress.
The UN’s involvement with Iraq has been taking place since 2003. It has been a team of leaders from several Nations engaged in helping Iraq “transition” their political and economic economy into a place whereby their contribution to the world is capable of moving to a level of Independence.
Starting early June, Iraq will be gradually moving into their own. These stages of the independence will be monitored, but their control over their own Nation will increase with each passing day. Kurdistan24 Iraq UN
© Goldilocks
~~~~~~~~~
Hong Kong officially launches pilot for digital yuan payments | Business Times
“HONG Kong launched a pilot programme enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.
Residents of the city can now open digital yuan wallets with Bank of China, Bank of Communications, China Construction Bank and Industrial and Commercial Bank of China to pay merchants in mainland China directly, Hong Kong’s de facto central bank said in a statement on Friday (May 17).”
Hong Kong has officially launched a pilot program that will allow them to utilize the Yuan as a form of payment.
Users can use the FPS payment system. FPS stands for Faster Payments Service. FPS is a UK banking initiative allowing real-time electronic fund transfers between banks.
© Goldilocks
~~~~~~~~~
Resolution 1770 (2007) / adopted by the Security Council at its 5729th meeting, on 10 August 2007 | United Nations Digital Library System
~~~~~~~~~
Silver Daily Forecast and Technical Analysis for May 17, 2024, by Chris Lewis for FX Empire | Youtube
~~~~~~~~~
The days of shorting the silver market are coming to an end.
~~~~~~~~~
SEC Adopts Rule Amendments to Regulation S-P to Enhance Protection of Customer Information | SEC
~~~~~~~~~
Kraken ‘Actively Reviewing’ Tether’s Status Under New EU Rules | BloombergLaw
New regime for digital assets set to take effect in July
Tether says it plans to continue its dialog with regulators
Kraken is “actively reviewing” plans that may include removing support for the world’s most-traded cryptocurrency on its exchange in the European Union, under a new regime for digital assets that’s set to take effect in the bloc in July.
Tether Holdings Ltd.’s USDT, a stablecoin that aims to maintain a one-to-one value with the dollar, is expected to be impacted by upcoming EU rules known as MiCA.
~~~~~~~~~
Standard Chartered completes first Euro transactions on Partior Platform – Trade Finance Global
~~~~~~~~~
Eurosystem completes first DLT experiment – Central Banking
The Eurosystem completed its first experiment using distributed ledger technology (DLT), the European Central Bank (ECB) announced on May 14.
This is the first of three experiments the ECB plans to carry out. All three experiments will test interoperability-type solutions for central bank money settlement of wholesale financial transactions recorded on DLT platforms.
This experiment covered tokenization and simulated the deliver-versus-payment (DvP) settlement of government bonds in a secondary market transaction against central bank money.
The DLT platform for the experiment was provided by the National Bank of Austria. Other participants include the central banks of Germany, France, Italy and Luxembourg.
👆 Goldilocks pointed to this article
~~~~~~~~~
Is Blockchain the Key to Transforming the Global Tourism Industry? | Analytics Insight
~~~~~~~~~
‘All UAE banks have to launch Jaywan debit cards’: Rollout to happen in phases – News | Khaleej Times
~~~~~~~~~
WATCH & LISTEN HERE Video on XRP
~~~~~~~~~
They Are Dumping Our TREASURIES – The Economic Ninja | Youtube
~~~~~~~~~
Miners Eye Middle East as Next Region for Growth | Coindesk
~~~~~~~~~
Iraq Going for the International Investment Platform? | Youtube
~~~~~~~~~
Join the Seeds of Wisdom Team SNL call with Freedom Fighter breaking down Goldilock’s weekly posts! Jester will be joining too! SNL Call Link
9 pm EDT / 8 pm CDT / 6 pm PDT
The SNL Q & A room will be open at 8 pm ET, 7 pm CT, and 5 pm PT to ask questions that will be answered on the call!
The call will be recorded and you can find it in the Archive Call Room after the call is over.
~~~~~~~~~
UNDP endorses Iraq’s electronic payment services system | Search4Dinar
Today, the United Nations Development Programme (UNDP) approved the electronic payment system in Iraq.
© Goldilocks
