Goldilocks and Seeds of Wisdom
Goldilocks posted comments with links:
“The Central Bank issues new instructions to banks on electronic payment”
“Central Bank of Iraq Adopts New Anti-Money Laundering Mechanisms (Document)”
We have two things going on in Iraq.
They have adopted security mechanisms that will allow them to protect people who are making retail purchases through a POS mechanism.
The point of sale mechanism added to their new digital transactions will protect the customer and merchant in every day purchases.
The point of sale mechanism will also clear and record inventory for the merchant and payment processes for their new digital banking system.
It looks like they are going to raise the debt ceiling until next year.
This changes the timeline we were looking at earlier in seeing a forced revaluation.
Currency reforms are currently on the table, and they are not going anywhere.
Remember, the revaluation of everything began on March 20th and ends on June 30th.
Source: Dinar Recaps
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