Forwarded from 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 C J 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
- The X post by thorostub highlights a dramatic spike in India’s M2 money supply, jumping from 64604.97 INR billion in January 2025 to 653760 INR billion in February 2025, as reported by tradingeconomics.com, prompting speculation about a currency revaluation rather than a glitch or mass printing.
- thorostub questions if this M2 surge could involve India integrating stablecoins like RLUSD or XRP into its financial system, as Ripple USD (RLUSD) is a dollar-backed stablecoin on XRP Ledger and Ethereum, potentially impacting M2 if adopted officially.
- The post coincides with heightened India-Pakistan tensions on April 26, 2025, per The New York Times, with some users like ThyOpulencee suggesting the M2 jump might be a strategic financial move masked by military conflict rumors, possibly tied to a global currency reset (GCR) narrative.
- thorostub questions if this M2 surge could involve India integrating stablecoins like RLUSD or XRP into its financial system, as Ripple USD (RLUSD) is a dollar-backed stablecoin on XRP Ledger and Ethereum, potentially impacting M2 if adopted officially.
- The post coincides with heightened India-Pakistan tensions on April 26, 2025, per The New York Times, with some users like ThyOpulencee suggesting the M2 jump might be a strategic financial move masked by military conflict rumors, possibly tied to a global currency reset (GCR) narrative.
Forwarded from GCR - TrueNews ™ (Red ™)
So we have learned what open convertibility means. Now lets apply it to the real world and take a look at the factors in that transition and what we could expect to hear in the media. 🔻
🔹 Build confidence in the currency
🔸 Control inflation - Achieve low, stable inflation through sound monetary policy.
🔸 Maintain fiscal discipline - Reduce budget deficits and public debt.
🔸 Strengthen central bank independence - The Central Bank of Iraq (CBI) must operate independently and credibly to manage monetary policy effectively.
🔸 Build foreign reserves - Accumulate sufficient forex reserves to support the exchange rate and prevent speculative attacks.
🔹 Create a resilient and transparent banking system
🔸 Modernize banking regulations - Improve supervision, transparency, and solvency of banks.
🔸 Develop financial markets - Establish bond markets, interbank markets, and tools for monetary transmission.
🔸 Implement anti-money laundering (AML) and counter-terrorism financing (CFT) standards - Comply with global standards (e.g., FATF) to build investor trust.
🔸 Enhance payment systems - Digitize and secure payment networks for smoother capital flows.
🔹 Allow capital to flow freely in and out of the country (this is the BIGGIE)
🔸 Liberalize current account transactions - E.g., trade-related payments, travel, remittances.
🔸 Gradually allow capital inflows - Start with long-term investments (FDI), followed by portfolio investments.
🔸 Phase in capital outflows - Especially for residents and businesses.
🔸 Safeguard mechanisms - Put in place temporary capital controls in case of market instability.
🔹 Move toward a market-determined exchange rate
🔸 Enhance exchange rate flexibility - Allow the IQD to float within a managed band or eventually adopt a free-floating regime.
🔸 Deepen forex markets - Ensure transparent and liquid foreign exchange markets.
🔸 Reduce reliance on parallel market - Narrow the gap between official and street exchange rates.
🔹 Create a reliable economic and investment environment
🔸 Legal certainty - Strengthen property rights and contract enforcement
🔸 Transparent governance - Fight corruption and improve rule of law
🔸 Investor protections - Ensure policies support and protect foreign investors
🔸 Public communication - Build trust through consistent and transparent government communication
🔹 Build trust in IQD through global economic engagement
🔸 WTO accession or deep trade agreements - Encourage global trade relationships.
🔸 Engage with IMF and World Bank - Technical assistance and policy support.
🔸 Promote remittances and diaspora investment - Facilitate cross-border money movement.
Statements that we would COULD possibly hear in the media around this transition, notice the SPECIFIC words used 🔻
🔹 Changes to exchange rate policies or forex access
“CBI will move to a managed float of the dinar within a defined band.”
🔹 Stepwise easing of controls
“Foreign investors may now repatriate profits freely.”
“Iraqi businesses may invest abroad up to $X annually.”
🔹 Endorsements and technical support
“IMF and World Bank to assist in technical support for convertibility transition.”
“Talks initiated for bilateral swap agreements with regional partners.”
🔹 The final, milestone announcement
“As of [date], the Iraqi Dinar is fully convertible for current and capital account transactions.”
“All exchange restrictions removed in line with IMF Article VIII.”
Please open Telegram to view this post
VIEW IN TELEGRAM
Forwarded from Sputnik Africa
BRICS Shake-Up: Russia’s Trade With Ethiopia Soars—What’s Next?
With a sharp 40% rise in trade between Russia and Ethiopia this year, new opportunities are opening up across key sectors:
🟡 Fertilizers: Russian supply can meet Ethiopia’s growing demand
🟡 Agriculture & Drought: Russian expertise in drought-resistant crops and land restoration can help Ethiopia address these challenges
🟡 Machinery: Russian equipment can support Ethiopia’s drive toward mechanized farming
🟡 Agrochemicals: Russia’s agrochemical capabilities can boost grain productivity and food security in the African country
🟡 Hydropower: Russia’s expertise could help Ethiopia build and operate projects in Ethiopia
🟡 Natural Gas: Exploration of natural gas will enable Ethiopia to exploit its reserves properly
🟡 Renewables: Joint ventures in solar and wind energy will expand Ethiopia's energy options
Subscribe to @sputnik_africa
🔸 Sputnik Africa | X 🔸
With a sharp 40% rise in trade between Russia and Ethiopia this year, new opportunities are opening up across key sectors:
Subscribe to @sputnik_africa
🔸 Sputnik Africa | X 🔸
Please open Telegram to view this post
VIEW IN TELEGRAM
Forwarded from Sputnik Africa
DRC, Rwanda Sign Joint Declaration on Path to Peace at Ceremony in Washington
The declaration "marks a renewed commitment to peace, sovereignty, and stability in the Great Lakes region," the Congolese Foreign Ministry said in a press release.
The signatories are the DRC FM Therese Wagner and Rwandan FM Olivier Nduhungirehe. The event was held at the US Department of State and attended by State Secretary Marco Rubio.
Here are the key statements by the signatories:
🇨🇩 Wagner:
⦁ the signing is a political commitment, not a symbolic gesture, according to Wagner;
⦁ it reaffirms principles from international law and UNSC resolution 2773;
⦁ the DRC calls for withdrawal of foreign troops from its territory; emphasizes accountability, measurable timelines, and consequences for noncompliance;
⦁ peace first, trust-building next, and cooperation later.
🇷🇼 Nduhungirehe:
⦁ it's important to address the root causes of the conflict in the eastern DRC;
⦁ Rwanda aims for a secure, well-governed region free of ethnic extremism and linked through new economic value chains;
⦁ it is committed to working with all partners for a comprehensive peace agreement;
⦁ it thanks the US for enabling progress in resolving the conflict.
📄 Fundamental principles of the declaration:
⦁ respect for sovereignty and territorial integrity;
⦁ non-interference in internal affairs of states;
⦁ peaceful resolution of disputes;
⦁ cessation of support to armed groups;
⦁ safe and voluntary return of displaced persons and refugees;
⦁ framework for regional economic integration.
Subscribe to @sputnik_africa
🔸 Sputnik Africa | X 🔸
The declaration "marks a renewed commitment to peace, sovereignty, and stability in the Great Lakes region," the Congolese Foreign Ministry said in a press release.
The signatories are the DRC FM Therese Wagner and Rwandan FM Olivier Nduhungirehe. The event was held at the US Department of State and attended by State Secretary Marco Rubio.
Here are the key statements by the signatories:
🇨🇩 Wagner:
⦁ the signing is a political commitment, not a symbolic gesture, according to Wagner;
⦁ it reaffirms principles from international law and UNSC resolution 2773;
⦁ the DRC calls for withdrawal of foreign troops from its territory; emphasizes accountability, measurable timelines, and consequences for noncompliance;
⦁ peace first, trust-building next, and cooperation later.
🇷🇼 Nduhungirehe:
⦁ it's important to address the root causes of the conflict in the eastern DRC;
⦁ Rwanda aims for a secure, well-governed region free of ethnic extremism and linked through new economic value chains;
⦁ it is committed to working with all partners for a comprehensive peace agreement;
⦁ it thanks the US for enabling progress in resolving the conflict.
📄 Fundamental principles of the declaration:
⦁ respect for sovereignty and territorial integrity;
⦁ non-interference in internal affairs of states;
⦁ peaceful resolution of disputes;
⦁ cessation of support to armed groups;
⦁ safe and voluntary return of displaced persons and refugees;
⦁ framework for regional economic integration.
Subscribe to @sputnik_africa
🔸 Sputnik Africa | X 🔸
Forwarded from Gold Telegraph
The U.S. dollar index is down nearly 9%, on track for its worst start to the year since 1973 when currencies were cut loose from gold and began to float freely.
In other words,
The last monetary reset.
The signs are everywhere.
Read: https://x.com/goldtelegraph_/status/1915810384281293241?s=46
In other words,
The last monetary reset.
The signs are everywhere.
Read: https://x.com/goldtelegraph_/status/1915810384281293241?s=46
X (formerly Twitter)
Gold Telegraph ⚡ (@GoldTelegraph_) on X
The U.S. dollar index is down nearly 9%, on track for its worst start to the year since 1973 when currencies were cut loose from gold and began to float freely.
In other words,
The last monetary reset.
The signs are everywhere.
In other words,
The last monetary reset.
The signs are everywhere.