Goldilocks’ Comments and Global Economic News Wednesday Evening 2-7-24

Goldilocks’ Comments and Global Economic News Wednesday Evening 2-7-24

Good evening Dinar Recaps,

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Director of the World Bank’s office in Iraq, Mr. Richard Abdel Nour.

During the meeting, they discussed enhancing bilateral cooperation between the Central Bank of Iraq and the World Bank and discussing electronic payment projects and financial inclusion, as well as reform programs to enhance the stability and development of the financial sector.

The two parties also discussed the support of the World Bank to provide advice in establishing the Riyada Bank dedicated to financing small projects in Iraq, with the support of the International Finance Corporation.

In turn, the World Bank delegation praised the procedures of the Central Bank of Iraq in facilitating financial transfers to different segments in Iraq, noting that the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.

Central Bank of Iraq Information Office 7 February – 2024 https://cbi.iq/news/view/2511

Economic Reforms in Iraq are currently being implemented. This does not mean it will happen all in one month. Some of these reforms will take place throughout this year.

In other words, the Central Bank of Iraq and the World Bank are currently in process of implementing their new digital asset-based trading system into the Global Markets. https://cbi.iq/news/view/2511
© Goldilocks

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Those of you who have been in this process for some time can remember when Iraq said the following words, “…they would wait for a suitable environment for the re-entrance into the Global Markets.” Well, they are beginning the process this month.
© Goldilocks

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Watch interest rates. This is where the game begins.
© Goldilocks

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Commercial real estate is crashing. Workspace offices are on sale globally in almost all businesses you can think of at this time. Regional banks are extremely stressed – again. Business Insider
© Goldilocks

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Janet Yellen: Some banks may be ‘quite stressed’ by empty office building trouble | CNN

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The report noted that “Even if only half of the uninsured depositors decide to withdraw, almost 190 banks are at potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk. Norada Real Estate Investments

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