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Guru Petra claims -- they have to have an internationally tradable currency on Wednesday if they transact. I_icon_minitimeYesterday at 10:00 pm by Karl4Moriss

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Guru Petra claims -- they have to have an internationally tradable currency on Wednesday if they transact.

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Post by Ponee Wed Feb 10, 2021 9:12 pm

Guru Petra   BUNA is a mechanism.  It is a method by which the Arab Monetary Fund, which owns the BUNA platform regulates trade within the 20+ Arab countries...all these currencies are all part of the BUMA platform.  That is the mechanism that those organizations trade within their countries and outside their countries in the international market place...using a very fast method of transferring inter currency moneys.  What's important is Iraq joined this platform on January 4th this year.  

They did not engage but they did join the platform...why would Iraq join the BUNA platform?  First of all the BUNA platform requires the currency be internationally tradable...Iraq joined them on January 4th...but they don't go live on the platform until Wednesday the 10th...which means they have to have an internationally tradable currency on Wednesday if they transact.  That's a big if.  If they transact then something has changed.  We would all love for this to happen.  Is it going to happen?  I don't know...If they do, we'll know about it because they'll have to change the rate.  That's why the BUMA platform is so important... 


...Guess who signed onto the BUNA platform to take care of all the U.S. dollar denominated trades? JP Morgan Chase one of the biggest tier one banks in our country.  That tells you now that J.P Morgan chase is involved.  They are not doing it for a currency that can't be transferable ie. the Iraqi dinar.  BUNA is the mechanism by which they will be able to transact on the international market...This Wednesday the 10th...we wait to see if they actually transact because they'll need to be internationally positioned with their currency in order to do so...

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Post by Ponee Thu Feb 11, 2021 8:40 pm

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