Tishwash: Iran to launch CBDC on Sept. 22
The Central Bank of Iran (CBI) has finalized plans to launch its digital currency Sept. 22, as reported by Iran’s Chamber of Commerce.
The digital currency dubbed “Crypto-Rial” will leverage blockchain technology to turn the Iranian Rial banknotes into cryptocurrency.
The CBI Governor earlier said:
“The bank has in place the infrastructure and rules for the Crypto-Rial. The cryptocurrency is planned as a new type of national currency, like banknotes and coins, but fully digital.”
According to the CBI, the Crypto Rial will help improve financial inclusion in the country and function as a tool to help the economy compete with other stable currencies globally.
The CBI explained that the Crypto-Rial has been designed to optimize for top-level security. Assets held in smartphone wallets can be tracked in the event of an attack by bad actors.
Iran becoming pro-crypto
At the start of 2022, Iran allowed businesses to settle cross-border payments using cryptocurrency through the Central Bank’s crypto platform.
Iran solidified its stance on crypto after it completed its first foreign trade deal of import goods worth $10 million using cryptocurrency on Aug. 9.
Walkingstick This is a very huge step for the monetary reform to see international banks now using the Iraqi dinar in their banking structure…why? Because they’re being used in their contracts. It’s a huge step for the monetary reform.
Frank26 What we’re looking for is a seated government. If we have a completely formed GOI presented to us by Kazemi – you have a budget. If you have a budget…then you have…the white papers. And if you have the white papers in the budget of a government of a stable country…and there’s a very god chance that the reforms that require the white papers are funded because they told us the reserves are out of this world…they’re ready to introduce a new currency to their citizens. This chronology that I laid out to you is…obvious
Samson: Oil prices fall amid recession fears
23rd September, 2022
Oil prices fell on Friday in light of recession fears and the rise of the dollar, although losses were limited due to supply concerns after a new general mobilization campaign in Russia and a clear faltering in talks to revive the Iranian nuclear agreement.
By 0325 GMT, Brent crude futures fell 41 cents, or 0.5 percent, to $90.05 a barrel, and West Texas Intermediate crude futures fell 30 cents, or 0.4 percent, to $83.19 a barrel. Brent crude oil prices fell 1.5 percent, while West Texas Intermediate crude prices fell 2.3 percent this week.
Central banks around the world raised interest rates after the US Federal Reserve raised interest rates by 75 basis points for the third time on Wednesday, raising the risks of an economic slowdown.
A senior US State Department official said that efforts to revive Iran’s nuclear agreement concluded in 2015 faltered due to Iran’s insistence on closing the International Atomic Energy Agency’s investigations related to the discovery of uranium traces at undeclared sites, which reduced expectations of the return of Iranian oil to the market. LINK
Iraqi Dinar update for 09/22/22 – Guess whose back
Pimpy’s Investment Chat
ALERT! IT’S HAPPENING!! FINAL SILVER SWAP!
Bix Weir: 9-22-2022
The Gold/Silver Ratio has fallen from 95 to 86 on it’s way to a 1-to-1 Ratio as the Global Fiat Monetary System collapses!
There’s no time left to “think” about what to do…get your money out of the system and your assets in your own possession!
If you love Gold…swap it for 86 ounces of silver and then swap back when the Ratio hits 1-to-1! There’s 6B ounces of available above ground gold in the world and 6B ounces of available above ground silver…YOU DO THE MATH!!