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Thursday, November 14, 2024
Short update
👆👆Okay, I have a short update. And it's all good. The opening statement was just about ready and that this is the quiet before the storm. Iraq is testing their lower denominations, currency for the third time, second time, their system didn't Wouldn't work with it and they are doing it and everything is going well with that, okay? A few adjustments were needed and in order to satisfy the world cup court and a couple more still need to be done, but the world is working with the RV people and the sorrow just Sara people. So that's why it's a quiet before the storm. They should have things worked out to start at the levels of us. By doing liquid test and then releasing the funds as long as the chest go, well, and they're looking to start down on Friday.uh, now for the appointment process, they're going to be around 7,000 to 8,000 Regional call centers. That will take numbers of referring. Not everybody is going to get a notification but there will be information out there for those who do not get a direct notification. And I will put that information in the rooms. Okay. Iraq has set and internal for their country. Back wall. Because they haven't even announced, you know, the whole lot of their currency yet. They're just testing it right now. But to get things rolling for them by the 10th of November which is Victory Day, I December sorry. And this is November already. So that's why they're doing all the testing on a lower denomination, but we will expect to go before the end of the month. To start this liquidity going starting with Friday and that just a matter of how it flows from there, they have not made a decision as to whether they're going to be doing it, you know, all at once a shotgun type of start which is a three-day period. Or they're going to be doing it in steps. They're working to see, which is the best way to do it for security purposes. Steps is not the best way to do it for security purposes. They need to take that into consideration and they have Right. The 20% that comes off. The top of the Zim or projects, literally, unless somebody is going to have their team, negotiate for it to go to their projects, where it goes to is on the qfs. Well, through the qfs To the global collateral accounts, which are the ones that are going to be used for funding projects. and they're working on the open banking program because most countries A lot of countries. There are no banks within hundreds of miles of where some people live out in the middle of nowhere. And so they are working on that and how to handle that or the gesara as well as, for those who may be involved in the RV, who want to help those people. It's nice to be able to give certain people funds and benefits, but if there's no banking that they can do, because there's no banks anywhere nearby, it's going to be difficult. So that's why they've been working on that, but we are really getting close. And I mean, it's, there's no delays that are going to take this for long term and everything is looking to get started with this public part of the transition. That is why Trump and setting up all the things he setting up and talking about and having the people for his new Administration talked about are the precursor. So people aware that things are going to be happening. But as soon as things do start to move, I will get the word and let everyone know.
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