Goldilocks and Seeds of Wisdom
Goldilocks posted a commentary and link this morning:
“His Excellency discussed ways of coordination and procedures between the Central Bank and the concerned agencies, and defining roles and tasks in light of the directives of the Commander-in-Chief of the Armed Forces.”
“The transfer of cash (in dinars and dollars) and any other currencies is permitted inside Iraq for all natural and legal persons, including banks, exchange companies, mediation companies in the sale and purchase of foreign currency, and their branches in all governorates.”
Iraq is beginning to coordinate procedural guidelines for the purposes of exchanging foreign currency denominated in US dollars, and now, other countries.
This is truly a monumental period of time in Iraq’s history as they begin to move towards rejoining the global economy inside a digital asset-based trading system.
This shift back into the global economy carries with it market risks across all sectors including Forex.
Stand Strong.
© Goldilocks
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Goldilocks posted an article with commentary:
The SEC Proposes Regulation Best Execution
https://www.jdsupra.com/legalnews/the-sec-proposes-regulation-best-7325956/
“As proposed, Proposed Reg Best Ex consists of three rules: (1) Rule 1100, which sets forth “the best execution standard”; (2) Rule 1101, which requires policies and procedures; and (3) Rule 1102, which requires an annual report.”
In the West, we now have a set of rules and guidelines over here for best execution of cross-border international trading such as foreign currencies.
These guidelines are for brokers and customers seeking to transact such services. It is for the purposes of “execution regulatory framework for brokers, dealers, government securities brokers, government securities dealers and municipal securities dealers.”
As you can see, standards are being set inside a new Global gold-mandated Nation. As we have said before, a “gold standard” is far more than just changing the price of gold. It is changing the way we do business as well.
This is why March the 20th 2023 is such an important day in the history of humanity. It marks a change in the way that we do business and synchronizing global banking procedures in a way that will allow us to leave no one behind.
It is truly a gold standard of behavior that marks a sense of responsibility to enhance a better way of life for everyone.
© Goldilock
https://t.me/+YU9UrHLxFbszOTJh
https://www.seedsofwisdomteam.com/goldilocks
Source: Dinar Recaps
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