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Goldilocks and Seeds of Wisdom
Goldilocks posted a recap of the news involving Iraq over the last several days:
Let’s take a closer look at what we have seen revealed to us the last few days.
JP Morgan is in logistics training with the Iraqi bank employees on the FEDNOW system.
This will help them to migrate into the QFS.
Iraq has canceled a foreign currency exchange company contract locally and accepted JP Morgan’s ability to help them with this process.
JP Morgan is placing several new banks in Iraq to help them implement the new digital banking system.
Iraq has made it a mandate to place banks in all of their large cities as soon as possible.
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Iraq has raised their capital in Gold to help support their banks.
Iraq has one of the largest reserves in foreign currency that they have ever had in their history to support their banks.
Question: Do you really believe they will come out with a programmed rate at the end of their logistics training and migration into the QFS?
This certainly would not support their Foreign Reserves Department or allow them to be competitive now that they have entered into the QFS.
JPMorgan does not place banks in places they do not expect to turn a profit.
In the game of chess, this is called a checkmate!
Can you say reinstatement?
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Source: Dinar Recaps
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