Goldilocks' Comments and Global Economic News Tuesday Evening 3-5-24
Goldilocks' Comments and Global Economic News Tuesday Evening 3-5-24
Good evening Dinar Recaps,
Finance ministers discuss BRICS Bridge digital currency payments
"Specifically, the Ministry said, 'We are talking about creating a multilateral digital settlement and payment platform.' However, Sputnik International one of Russia’s English propaganda networks, went further. It said Finance Minister Anton Siluanov was ready to test digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries."
Another news outlet quoted Siluanov as saying, “The first thing to do is to create a connection to the existing central bank digital currency systems that are already operating in a number of countries. In parallel with this, national financial messaging systems need to be connected.”
Here, we have information with specific guidance on what has to be done in Russia and the BRICS system to see their local currencies onboarded to the new QFS. They give us a direct message in the last sentence of the above article.
Here it is again separated from the paragraph, "...national financial messaging systems need to be connected."
Meanwhile, Russia will be testing their new digital currency this year. Remember, Putin is the chair of the BRICS System this year, and many of the currencies we are looking to revalue have already joined this group. BRICS Nations are formulating a digital gold token for trade, this will change everything.
Do you remember ISO 20022 messaging system? It is still important.
(https://sputnikglobe.com/20240226/russia-ready-to-test-payments-in-digital-currencies-with-china-eaeu---finance-minister-1116982914.html),
Watch the water.
© Goldilocks
Ledger Insights
Federal Reserve
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Fedwire is a real-time gross settlement system of central bank money used by Federal Reserve banks to transfer funds electronically between member institutions. Banks, businesses, and government agencies use Fedwire for large, same-day transactions. Investopedia
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When factoring in currency trades, it is the first currency in a currency pair that represents how much currency is needed to purchase a single unit of the corresponding currency beside it. Investopedia
© Goldilocks
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Freedom Fighter ©
A currency pair is the quoting of 2 different currencies, with the currency on the left of the slash
( / ) being exchanged FOR the currency on the right of the slash ( / )
Our exchange will be IQD/USD
AKA we are exchanging
✅DINAR for USD (IQD/USD)
NOT ❌USD for DINAR
(USD / IQD )
Hear Freedom Fighter's Explanation here: https://t.me/c/1545617426/75146
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Freedom Fighter ©
✅Another example
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Thank you Freedom Fighter for a wonderful explanation in detail.
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