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DINAR IRAQ AND DONG VIETNAM UPDATE, Vietnam Dong revaluation is dependent on China and it willingness to go along with the plan. 1 SEPT I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

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Post by Ponee Tue Sep 01, 2020 6:49 pm

This timing of RV of IQD is being tied to the roll out of the new Quantum Financial System or QFS.

QFS literal meaning is Quantum Financial System, which is an advanced financial system launched to eradicate the corruption and the monopoly on the global monetary system and for that purpose, a computer system was developed in the early part of the new millennium comprised of Artificial Intelligence and complex computer programs fully backed by the IMF and regulatory agencies.
So, the IMF and financial leaders of the world got together and compiled a new a set of international banking regulations.

These regulations were put forth by the Basel Committee on Bank Supervision (BCBS) that sets out the minimum capital requirements of financial institutions with the goal of minimizing credit risk.


Banks that operate internationally are required to maintain a minimum amount (8%) of capital based on a percent of risk-weighted assets.
However, Basel I is only the first of many planned sets of regulations known collectively as the Basel Accords.


So, the QFS works within the framework of these accords and supports them.
One part of the QFS is that it bases the value of a currency on the value of a country’s assets.


These assets include gold but also many others such as oil, precious metals, agriculture, exports, etc.


As time passes the requirement for more gold to back up the currency is increased but they will never go to a 100% gold back currency situation again.
However, I hear that we were waiting for the timeline (targeted date) for the implementation of the Iraq in the QFS and it is coming very shortly on Jan 2021.
Countries are set to finally begin rolling into the QFS beginning this month of September 2020.


This comes after almost 8 years of testing the system in parallel with the SWIFT system.


The QFS will replace the SWIFT system.


It is an entirely new set of capabilities including the old SWIFT capabilities with much more checks and balances.


The US is expected to target a September 9 or 10th implementation to the QFS.
Remember there are about 195 currencies altogether that will need to eventually roll into the QFS in the long term.


They are taking these country’s currencies and rolling them into the QFS slowly in planned groups.


They pair these groups as they are linked to their supported IMF “currency baskets” of how they will support and backup the value of each other in crises.
There must be a “buy in” to the QFS and agreements to follow the end results.
The GCC (Gulf Cooperation Council) needs the currencies of the middle eastern countries to be on a “level playing” field and so Iraq is bound to be joining the GCC soon but first needs the currency to revalue in order to do this.


In the future either you produce valuable assets or you will not be a global leader.
So the Vietnam Dong revaluation is dependent on China and it willingness to go along with the plan.

Ponee
Ponee
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