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Forwarded from GCR - TrueNews ™ (Red ™)

💬

LETS TALK CURRENCY CONVERTIBILITY

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Currency convertibility refers to the ability of a country's currency to be exchanged for another currency without restrictions or penalties. It signifies how easily a currency can be traded on the foreign exchange market at market exchange rates.

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Concepts of Convertibility
🟣Convertibility refers to the ability to exchange one currency for another at a given rate.
🟣Degrees of convertibility range from total convertibility (unrestricted exchange) to total inconvertibility (complete inability to exchange).

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Types of Convertibility

🟣

Total Convertibility - No exchange controls or restrictions.
🟣Total Inconvertibility - Complete inability to exchange currency.

🟣

Limited Convertibility - Unrestricted exchange within a region but with some restrictions on external transactions.

👈

This is where Iraq is currently 😉

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IMF's Role

🟣

The IMF's Articles of Agreement outline obligations for currency convertibility.
🟣Article VIII specifies conditions under which members must buy balances of their currency held by other members.

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Freely Usable Currency
🟣Defined by the IMF as a currency widely used for international transactions and widely traded in principal exchange markets.

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Stages of Monetary Integration

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Convertibility Agreement - Countries agree to exchange currencies without restrictions.

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Partial Monetary Union - Fixed exchange rates between member countries' currencies.
🟣Full Monetary Union - Single currency issued for all participating countries.

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Benefits and Costs
🟣Benefits include expanded trade, improved resource allocation, and reduced need for foreign exchange reserves.
🟣Costs involve constraints on economic policy, potential regional development issues, and the need for greater foreign exchange reserves in a partial monetary union.

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Preconditions for Integration

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Achieving full convertibility vis-a-vis the rest of the world.
🟣Adopting policies to restore balance of payments equilibrium.

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Exchange Arrangements

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Various forms of exchange arrangements are possible, including floating rates, pegging to the SDR, or pegging to a currency basket.

➡️ "Concepts of Convertibility and the Stages of Monetary Integration"

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"Articles of Agreement of the International Monetary Fund" LINK

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"Article VIII Acceptance by IMF Members: Recent Trends and Implications for the Fund" LINK

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Forwarded from Patriots Of Faith Hope Love Channel (Life Liberty)

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The Trump administration just approved $1.4 BILLION DOLLARS to rebuild homes for Hurricane Helene victims in Western North Carolina...

...AND NOT A SINGLE MAINSTREAM MEDIA NEWS OUTLET WROTE A STORY ON IT!!!

NOT. A. SINGLE. ONE!!!

♥️

🇺🇸

♥️

🇺🇸

♥️

🇺🇸

♥️

@PatroitsofFaithHopeLove

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2.9K views05:33

Forwarded from LEESSAQWARRIOR (Leessa Q Warrior)

Media is too big

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President Trump is the Exchequer of the treasuries for…

EVERY SINGLE COUNTRY ON EARTH!

https://memetrunk.com/trump/post/president-trump-is-the-exchequer-for-every-single-country-on-earth-aWfdxBMOtHPR7mA

Future proves past ..
His worldwide capitulation tour when they all submitted to him.

3.2K views05:37

Forwarded from @Doreen

https://www.news5cleveland.com/news/local-news/ohio-other-states-experiencing-ebt-outage?utm_term=local%20news,news5cleveland,northeast%20ohio%20news,state,homepage%20showcase&utm_source=pushly

News 5 Cleveland

Ohio EBT outage resolved

There is an EBT outage in Ohio on Sunday afternoon, according to Bill Teets with the Ohio Department of Job and Family Services.

4.1K views05:41

Forwarded from Peace Connie

Iraqi Dinar: Major IQD Change Expected at 8:00 AM Monday —Stay Alert!⚡IQ...
https://youtube.com/watch?v=EqDPvaFtXmw&si=l5xUb6aVXeH2xP3m

Iraqi Dinar: Major IQD Change Expected at 8:00 AM Monday —Stay Alert!⚡IQD News Today 🔊

SEO-Friendly YouTube Title

⚡ Major IQD Change Confirmed for Monday 8:00 AM! | Iraqi Dinar Breaking News 2025

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📄 SEO-Optimized Description (150 Words Mixed with Keywords)

BREAKING NEWS: The moment Dinar investors have been waiting for is finally here!…

4.7K views05:44

Forwarded from TifaniesweT 🇨🇭

BlackRock and six others control 88% of tokenized US treasuries
https://ambcrypto.com/six-entities-control-88-of-tokenized-u-s-treasuries-who-are-they/

Six entities control 88% of tokenized U.S. treasuries – Who are they?

Tokenized U.S. treasuries have now reached a new all-time high of $6.16 billion in value.

3.9K views05:46

Forwarded from TifaniesweT 🇨🇭

Trump-linked DeFi firm partners with Pakistan crypto council to boost blockchain innovation - Minute Mirror
https://minutemirror.com.pk/trump-linked-defi-firm-partners-with-pakistan-crypto-council-to-boost-blockchain-innovation-386654/

Trump-linked DeFi firm partners with Pakistan crypto council to boost blockchain innovation

World Liberty Financial, a decentralized finance platform that is purportedly supported by former U.S. President Donald Trump,

3.9K views05:46

Forwarded from TifaniesweT 🇨🇭

World Intellectual Property Day, 2025 – The White House
https://www.whitehouse.gov/presidential-actions/2025/04/world-intellectual-property-day-2025/

The White House

World Intellectual Property Day, 2025

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION More than 200 years ago, our Founding Fathers recognized the profound importance of

3.9K views05:46

Forwarded from TifaniesweT 🇨🇭

Will Iraq have a 2025 budget? Finance Committee doubts it - Shafaq News
https://shafaq.com/en/Economy/Will-Iraq-have-a-2025-budget-Finance-Committee-doubts-it

Will Iraq have a 2025 budget? Finance Committee doubts it

Shafaq News/ Iraq’s Parliamentary Finance Committee does not expect the government to forward the detailed tables of the 2025 federal budget to the legislature, a lawmaker said on Sunday. Committee m

3.6K views05:46

Forwarded from TifaniesweT 🇨🇭

When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year. Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!

https://truthsocial.com/@realDonaldTrump/114410073592204291

3.6K views05:46

Forwarded from Clint Bryan

https://x.com/RisingEagle2022/status/1916641053022564653?t=Wr9UM47yuNpPKg5gw06iJA&s=19

2.9K views05:47

Forwarded from 🚨 MoneyAcademyKE

Moe
Kenyans have been ranked 4th globally for digital content consumption, with 76.5% of Internet users aged 16+ paying for things like movies, music, and apps each month, according to a survey by GWI.
tweet

3.8K views05:47

Forwarded from Gold Telegraph

A leading pick to replace Jerome Powell says the Federal Reserve is due for nothing less than a complete “strategic reset.”

About time…

Only at the Federal Reserve could they believe that buying trillions in unwanted assets would end well.

Read: https://x.com/goldtelegraph_/status/1916600069689917589?s=46

X (formerly Twitter)

Gold Telegraph ⚡ (@GoldTelegraph_) on X

A leading pick to replace Jerome Powell says the Federal Reserve is due for nothing less than a complete “strategic reset.”

About time…

Only at the Federal Reserve could they believe that buying trillions in unwanted assets would end well.

3.7K views05:47

Forwarded from Melaniastasia Romanov

In case there are some of you that are not keeping up with things…

WE
HAVE
MOVED
PASSED
SPECULATION !!!

You must hold foreign currency or crypto to stay in the class !!

We will have a Test coming up SOON !

So be like Noah and keep building. ITS COMING !!!

Just A Thought …

📱

Spenhollow

Subscribe: @MelaniastasiaRomanov

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Forwarded from Melaniastasia Romanov

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We are setting the fundamentals for a strong dollar, a strong economy, and a strong stock market.

Investors need to know that the U.S. government bond market is the safest and soundest in the world.

📱

Treasury Secretary Scott Bessent

Subscribe: @MelaniastasiaRomanov

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Forwarded from Breakfast with Tiffany

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Forwarded from Breakfast with Tiffany

REPOST

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Forwarded from LeeeeeW

Federal Reserve blows $2.5B on ‘Palace of Versailles’ HQ despite mounting losses: ‘Congress must put its foot down’
Source: New York Post
https://share.newsbreak.com/ctfovy4e

Federal Reserve blows $2.5B on ‘Palace of Versailles’ HQ despite mounting losses: ‘Congress must put its foot down’ - NewsBreak

The Federal Reserve is pushing ahead with an eye-watering $2.5 billion revamp of its Washington, DC HQ despite mounting losses as one ex-official accused its bureaucrats of behaving like French royalty. The lavish project, first rubber-stamped by government…

4.3K views05:50

Forwarded from A Mackerel

BRICS: China Officially Launches A Plan To Promote Its Own Payment System
https://www.cointribune.com/en/brics-china-officially-launches-a-plan-to-promote-its-own-payment-system/

BRICS: China Officially Launches A Plan To Promote Its Own Payment System

Beijing strengthens its CIPS system to challenge the dominance of the dollar. Discover China's hidden ambitions for the BRICS.

6.8K views05:52

Forwarded from Cointelegraph

🔥 LATEST: The SEC has approved a public launch date of April 30 for ProShares Trust's $XRP ETF.

@Cointelegraph

News | Markets | YouTube

3.8K views05:55