Central Bank Enhanced Currency Sterilization (Uncut) 03-20-2025

MM&C-Iraq Dinar News-03/19/2025 SITREP 1.5-Central Bank Enhanced Currency Sterilization-WCO-WTO

Hey everyone before I get started I just want to remind you that if you like my content hit that like button subscribe to my channel and then join the Militiaman and crew patreon community by clicking the link in the caption Good evening everybody Militiaman and crew It is the what is it the 19th and it’s a Wednesday. So I hope everybody had a good workday I hope traffic wasn’t bad for everybody and thank goodness where I live now. It’s like It’s not so bad, but anyway a good part about this is that The Central Bank of Iraq lists the reasons for the decline in foreign exchange reserves That might have been a little bit of an alarming Article or maybe you skipped over it, but I think there’s some interesting some interesting stuff that’s inside it And the key point is the central banks central banks resort to withdrawing cash liquidity from the markets through What they call enhanced cash sterilization operations as part of its efforts to maintain Monetary stability so that went down today.

They talk about how much money they did etc But the main point is is that what is it that they’re doing and that’s the key point for tonight Despite the decline it says because there was it was like from eighty two point two to seventy seven point three Dollars In oil for instance and they they talk about their foreign reserves decline in their foreign reserves they don’t talk about the number of is it billions millions, but they they use the reference of eighty two point two dollars seventy seven point three dollars, so That isn’t really the main point, but ultimately it says the central bank Emphasizes that despite this decline it still possesses the large net foreign reserves That are relative to money supply Which makes it?

Relatively secure. So there’s not a problem with what they’ve done and they’re in line with what’s accorded to the International financial standards that are set out at a minimum of 20% so they it’s not an issue. So they just Gaff it off, but but the main thing to think about is what is Enhanced cash Sterilization operations, I think you guys if you haven’t looked it up I surely did because I know that that’s come up, you know many many years ago And for good reason because that’s what central banks do and why do they do it? and that’s to Contain inflation control value of currency and Value of currencies So when the central bank does that that means that they’re in the open market We’ve talked about open market before but that I’m not going to get into all of that I think that we’ve been over it before And it’s easy to find out if you just Google open market operations and if you Google Enhanced currency exchange Or little excuse me sterilization and you’re gonna find What I’m bringing to you.

Okay, so an event an example of foreign exchange intervention It says the central banks often intervene in foreign exchange exchange market to manage their currencies value Either to prevent appreciation. So if it goes up too much, they got to do something or if it goes down, which is depreciation they Do something about that and they talk about the differences and one of them is unsterilized intervention Basically, I think it’s the downside. It says if a central bank buys foreign currency, it releases its own currency into the domestic market Increasing the money supply.

So obviously that puts downward pressure Conversely, it says selling foreign currencies reduces the money supply Okay, which obviously if you reduce the money supply the value goes back up Here’s a term. This is says just basic sterilization Basically, what is that? It says to neutralize the impact of these interventions on the domestic money supply Central banks can engage in open market operations I’ve already mentioned that and that’s what when the central banks doing that they have a reason for it It’s such as selling or buying government bonds to offset the initial change in money supply Okay, so if you have too much money coming in you might have to do something else to offset that and

I think you’re going to realize that Iraq is that they’re an important nation and they’re also looking for the private sector to come in and so if they if they’ve got The private sector engaged and they’re going to bring them in they’re going to need all the materials They’re going to need to build the high-rises the hospitals the gas stations the infrastructure the water systems the agriculture They’re going to need all that Material to come in if they don’t make it at home in Iraq They’re going to need to buy it and that’s why if the central bank is moving now to doing what they are saying they’re doing is because they need to Defend their currency value and they need to also defend inflation keep it low, which they’ve done markedly. Well It’s only about two point eight percent, which is incredibly low it is lowest in the Middle East region and It’s not that low in the United States, I’ll tell you as far as I know if I’m wrong Bear with it.

Okay, but I don’t think I am And there’s this one it’s called what they say they’re doing is the enhanced Sterilization enhanced sterilization might refer to they don’t give you the whole story But they just they give you an idea because this is tight-chested stuff. This is the central bank They don’t have to tell us everything so all we can do is just do do what they say by what guidance that they give us and I think that’s that’s the important part So enhanced sterilization Says might refer to more complex or sophisticated techniques used to achieve the same goal Potentially involving multiple instruments or strategies. So if you think about the new technologies and they’re talking about the new digital dinar You got to realize they’re going to be able to do things.

So how are you going to do major import transactions? at 1310 you’re probably not going to be able to do that and Obviously we have other things that suggest that They’re going to use the digital dinar and the digital dinar is a new modern Technology, isn’t it? I think it would be and I also think that if they’re going to use that they’re going to what they’re talking about There is the strategies What they’re using again, those two terms are Forgive me Multiple instruments tools for instance if you’re going to do Sterilization what do doctors use as Petra would say they use instruments they use different things

I mean they use different technologies to do that But they also do different strategies and so strategies or strategies when you go into other different realms Strategies mean that if you are up to an opponent your neighbor and you want to be competitive So you have to have strategies to you know offset the neighbor for instance okay, another article that we’re going to talk about is It’s it’s a real long one But I only took out some pages of it and kind of modified it to what I want to get to It says among them. This is the article is titled among them is the adoption of the unified mechanism again tool right for making goods and maximizing revenues The cabinet the CLM Council of Ministers under al-saddani, right the cabinet issues a series of decisions Okay, and in those decisions, there’s many there’s pages of it But the key components that I pulled out of it Which is funny is because you know a lot of times if you read an article and you’re like well I’m not interested and you don’t read it. You’re gonna find the bullet points They might only be a Sentence or a paragraph or in this case two paragraphs that are the key to what I live for anyway What are relevant to what we’re doing and what we’re seeing? Peripheral stuff is kind of fluff if you will.

Okay, so but the customs clearance, this is a key point It’s two paragraphs It says the customs clearance of imported goods shall be based on the value Recorded in the commercial lists or the reference value recorded in the records of the Ministry of Finance Slash the General Authority of Customs, whichever is higher Until the unified customs clearance mechanism tool is completed through the electronic custom system mechanism Okay, so that should customs tool mechanism Customs tool mechanisms, okay system Right. So it says the General Authority of Customs shall be authorized to update these values Based on the customs law So they’re going to update values based on the customs law and the international agreements and rules of the World Customs Organization and the World Trade Organization and in accordance with the electronic systems applied by the aforementioned Authority provided that this includes all custom centers including custom centers in the Kurdistan region of Iraq Powerful statement here you guys because that’s really basically talking about trade internationally mechanisms tools all of those things and who are they who are they invoking the WCO and the World Trade Organization the WTO So the WCO WTO are invoked in this

when they’re talking about it in this article Among them is the adoption of a unified mechanism for making goods and maximizing revenues The cabinet issues a series of decisions So they’ve made a decision on this and that is huge because that’s international and global trade so ultimately My view was today was that the interesting bit about this is the Customs Authority data and values relating to imports. I think the single window that has Opened recently is related to this as the foreign investors that are arriving for the development road project Are gearing for full steam ahead? That’s my view and within what they’re doing is they’re bringing in materials to begin these projects Hence that we see Iraq is opening Lee talking about using an enhanced currency Sterilization today.

This is a process to adjust her reserves for currency reserves inflows and This new electronic systems may be getting activated now For that to happen for the central bank effectively to be doing this to have to defend their currency to stave off inflation to Stabilize value and to offset currencies Imports other currencies foreign currencies. They have to make action and that’s what the central bank is doing So they’re ultimately doing what a central bank is supposed to do Defend the value of their currency, but we’re talking about major transactions We’re talking about remember the old the single window the single windows for people with over 250 million dollars. That is massive Okay, your average Joe is not going to have that you’re not going to build a franchise a mom-and-pop diner for you’re not going to Have 250 million dollars, but the cool part is is what will high-rise buildings those folks need a lot of money, right? Industrials building a refinery for instance.

It’s a little more than 250 million dollars And so that’s what they’re talking about here So my view on this with this article coming out today is telling us that Al Alak is basically probably one busy boy This next article is called the the Ministry of Commerce is conducting a pilot test all right, just remember one thing and you probably been if you’ve been around in this world of the dinar and Related investments, you’re going to realize that a lot of times the news that we get is late the big the Largest entities in the world don’t share with us everything till after they’re all set and ready to go. Okay, that’s just how I see it from experience Okay,

but this article the Ministry of Commerce is conducting a pilot test of the automated service for attesting to serve Certificates of origin and if you do any research of what certificates of origin are that’s customs That’s what they want to know. They want to know what who is bringing it in and where is it going and how much? They want to know the value They’ve talked about the mechanisms For value, that’s what they’ve been telling us So this article by this gentleman by the name of the director-general Mustafa al-ani He says the test address because this test they did okay the test addressed so they say The most important technical requirements necessary for operating the system as well as establishing joint cooperation Mechanisms to ensure the project is implemented efficiently and in accordance with the highest approved standards And he goes on and says this project is part of an integrated plan that that exhibits that the Exhibitions company, excuse me is working to implement with implement with the aim of developing its electronic services and improving the efficiency of Institutional performance in line with the latest global practices in the field of trade facilitation We talked in brief about the WCL And the World Trade Organization.

Well, one of the things when they come to this part about field of trade facilitation They don’t mention the WTO in this article They don’t mention the WCO but who is a trade facilitator the trade facilitator is the World Customs Organization and if you if you remember back I did it did a piece in the video Etc that we talked about the trade that was going on between Iran neighbor Largest trading partner and Iraq and who was the facilitator of that? specifically it was the World Customs Organization and I Did the research and I know that that’s what they do and there’s a clause that is in the WTO’s Guidelines that the WCO works under the WTO and in today the Council of Ministers invoked those two names and in what they were talking about. I Think that if you take that into consideration,

I think the picture and the puzzle is going to come They’re all falling in place and I would like to say that That is huge and powerful and then lastly I’m going to talk about real quick Is that there’s what I found today was interesting all of a sudden after I’d finished with that had a conversation with Petra Poppy Peter, etc Got off the phone and I found this article in my email, which it was actually dated yesterday But it didn’t hit my email till today, which was it’s the members discuss the role of digital industrialization one of the things these guys are going to be doing is doing industrial projects and so when they say industrial in the digital Industrialization isn’t that what the dinar is all about isn’t that what they’re gonna do a digital dinar and that’s what they’re talking about It’s for international cross-border payments and they’re taught. Here’s the WTO.

Literally. This is the WTO talking today in their article basically states members discuss a role of digital industrialization Technology transfer and enhancing e-commerce, so they’re talking about the industrial ization Technology transfer enhancing e-commerce. I would highly suggest you go to their website look for the news.

That’s before the 18th It’s called well part of it’s called the electronic commerce. It says members are also presented examples of how regional cooperation Probably like in Iraq’s case Partnerships can promote digital trade and transfer to developing economies in key areas such as payment services What that would be cross-border payments, of course Cybersecurity capacity building and bridging the divide a digital divide. Well, there’s new technologies.

It’s going to bridge fiat currencies with Technology so you have the blockchain for instance and fiat currencies. They’ll be able to bridge that gap during in this new system I think that’s what they’re talking about. It doesn’t say that but that’s my interpretation Okay, it says the WTO’s roles collaborating with development partners in international organizations, but they go on and say members recognize the importance of identifying technologies that can help bridge the digital divide as Well as exploring financing opportunities that can help small and medium-sized enterprises Access digital trade.

So that’s exactly what Iraq’s been doing and that’s what the World Bank’s been doing And that’s what the IMF’s been doing the United States Treasury and everybody’s been working on bringing Iraq into the new world into the digital Age, and so anyway, if you guys think about it One of the things I talked about in one of my articles and I did I’ve done it in patreon. I’ve done it in It I have done this in discord and we talked about Jay Swift and Interestingly enough here. We have the facilitator.

They’re talking about from the WTO today ambassador Richard Brown of Jamaica Jay Swift is Ice cutter and it is the new advanced cross-border system for customs That is the process what ice cut is doing in Iraq right now We just went over that in my video last night and here again, we see it But just just so you know It says here the adoption of a unified mechanism for making goods and maximizing revenues the cabinet issues a series of decisions That’s what I went over. They talk about the value recorded in the commercial list They talk about until a unified customs clearance mechanism is completed through electronic customs mechanism So ultimately what I’m doing is I’m this article is not directly related from the WTO is not related Or even mentions Iraq, but it but it’s referring to it in my view and I give my references in patreon and another Article, of course that that’s the topic was child went over the automated service for authenticating Certificate of origin that’s all about customs Okay, they’re doing it into the highest standards. They’re going to integrate they’re gonna do The the exhibitions company.

What are they talking about field of trade facilitation again? Who is that? That’s the WCO world count customs organization And again, what did I come up with I found that who was involved the Jamaica? System, right the guy these this article was that they are invoking at the WTO is the ambassador from Jamaica And here is Jay Swift Okay, so we bring in quality news here with militia man and crew and we support our work And I would like to say is that I have a strong feeling that this puzzle that we’re painting is showing that I Rack is is really going international. And so look that’s what I had for you guys tonight. I think it’s really powerful I think today was a mind blower for me I hope it is for you because if you come in and see the totality of it You’re gonna get a picture of like wow, these guys are really doing this.

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