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Samson » July 16th, 2019
International Monetary Fund: Banks must develop or face the risk of "default"
16th July, 2019
Explained new search issued by the International Monetary Fund that the development banks or face the risk of being left behind, at a time when major technology companies shaking the financial system.
In a paper entitled "The Rise of Digital Money," the IMF explained that the most common forms of money today - cash and bank deposits - "will face stiff competition and may be bypassed" and that policymakers should prepare for some turbulence in the banking landscape.
But banks are unlikely to disappear as they face increasing threats from major technology companies and emerging phoenix companies, and some will undoubtedly be left behind, others will develop but have to do so very quickly.
He added that traditional banks have certain advantages over competitors from technology companies such as the ability to raise deposit rates, but the major technology companies and startups in the phenetic is also "expert in providing convenient, attractive, low cost and reliable services to a large network of customers.
The research was published as central bankers and policymakers debated the role that technology and currency companies will play in the banking system and payments, with Facebook planning to release its default currency Libra . LINK
Pompeo and the sudden evacuation of hundreds of diplomats from the US embassy in Baghdad
Tuesday 16 July
US Secretary of State Mike Bombo takes a plane before leaving Baghdad during a brief visit to Iraq on May 7
"News" (International Relations Battalion) - The sudden evacuation in May left hundreds of diplomats in a state of uncertainty and a few in Iraq to deal with Iran and other pressing issues, according to Foreign Ministry sources.
In May, Foreign Minister Mikebombo ordered the partial evacuation of diplomats from the US Embassy in Iraq amid escalating tensions with Iran. Now, many State Department officials say they have been told that a reduction in the number of embassy staff will become permanent, a move that could leave the US embassy short of staff to carry out important tasks such as confronting Iran on the diplomatic front - and in the short term hundreds of diplomats in Washington,.
A spokesman for the State Department said the description of the withdrawal was "inaccurate" and said: "No decision has been made on permanent staffing levels, but staffing review is underway."He said.
But three other Foreign Office officials, who spoke on condition of anonymity, said the staffing levels of the Baghdad embassy reached after the evacuation in May were treated as a permanent ceiling for Iraqi Foreign Ministry staff..
"They have already calmly adopted a policy of not returning these people," a senior foreign ministry official told the Foreign Policy newspaper. "But they do not actually describe it as a withdrawal but only say they are reviewing the departure order," the official said.
The embassy still has an estimated staff of thousands, but only a small portion of embassy staff are directly involved in basic diplomatic functions, including political officials, economic officials, public diplomacy staff. Mostly contractors, security personnel or officials from other federal agencies, including the intelligence community. After the partial evacuation, Foreign Policy officials stated that the Embassy had fewer than 15 State Department officials who had been directly involved in essential diplomatic missions.
"We have taken a strong embassy that would have kept Iran's influence in a bind, created a space for the United States to exercise its influence, and rid itself of it," the senior State Department official said on condition of anonymity."He said.
Another State Department official, impressed by the decision, said he felt the State Department was "abandoning Iraq"He said.
Bombo ordered a reduction in the number of emergency embassy staff in mid-May after what the Trump administration called the Iranian threats that exposed US personnel in Iraq "at great risk." Of those evacuated, some 275 were Foreign Ministry employees working under the head of the mission, two officials said.
A spokesman for the Foreign Ministry did not confirm or deny the number of the remaining personnel. The Ministry of Foreign Affairs policy does not disclose the level of employment at the embassy for security reasons.
When completed in 2009, the 700-million-dollar US Embassy in Baghdad was the largest and most expensive US embassy in the world. The sprawling new complex spanned more than 100 acres, accommodating more than 1,000 people, and was testimony to how Iraq's central foreign policy for nearly two decades.
This is changing amid a broader debate within Trump about how to eliminate US involvement in costly conflicts in the Middle East and Afghanistan, even as tensions with Iran grow. The Trump administration has discussed plans to reduce the number of US diplomats in Afghanistan and Iraq as part of the president's long-term pledge to rescue the United States from those conflicts and re-appoint the Foreign Ministry to address other global priorities, such as increased competition with Russia and China..
When Bombo announced his order to evacuate the non-essential staff of Iraq, he said: "We have come to an end because of the increasing risks in the region. It makes sense for us to get these non-essential personnel out of Iraq"He said.
Some US lawmakers at the beginning were skeptical about Trump's warnings about growing threats from Iran and the evacuation of the embassy. The lawmakers, most of whom are Democrats, said Trump's management had been briefed on the growing threat from Iran before the decision to evacuate.
The State Department spokesman said the continued departure was "based on security," but declined to give details. "Ensuring the safety of US government personnel and US citizens and the safety of our facilities is our top priority," the spokesman said."He said.
The Secretary of State has the authority to evacuate Embassy staff on an emergency basis, a decision that is reviewed every 30 days for up to six months. Any permanent reduction of an embassy requires notification to Congress.
State Department officials who spoke to Foreign Policy say that many of the individuals who have been forced to evacuate are now in a state of oblivion, some sitting in hotels or in Airbus in the Washington area.
Some officials who were on the way to completing their tour of Iraq when the evacuation order came are now their next task.
Others, whether those who have begun to come to Iraq or are about to leave, are in a state of oblivion, "unemployed employees at this stage," as State Department officials put it..
"As with any order to leave, when an employee is appointed in such a situation, they are given a temporary assignment," a State Department spokesman said.
"There are staff who are scheduled to leave for this summer and are currently in the right training, in order to ensure that they are ready to proceed when / when the departure order is lifted"He said. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Samson » July 16th, 2019
International Monetary Fund: Banks must develop or face the risk of "default"
16th July, 2019
Explained new search issued by the International Monetary Fund that the development banks or face the risk of being left behind, at a time when major technology companies shaking the financial system.
In a paper entitled "The Rise of Digital Money," the IMF explained that the most common forms of money today - cash and bank deposits - "will face stiff competition and may be bypassed" and that policymakers should prepare for some turbulence in the banking landscape.
But banks are unlikely to disappear as they face increasing threats from major technology companies and emerging phoenix companies, and some will undoubtedly be left behind, others will develop but have to do so very quickly.
He added that traditional banks have certain advantages over competitors from technology companies such as the ability to raise deposit rates, but the major technology companies and startups in the phenetic is also "expert in providing convenient, attractive, low cost and reliable services to a large network of customers.
The research was published as central bankers and policymakers debated the role that technology and currency companies will play in the banking system and payments, with Facebook planning to release its default currency Libra . LINK
Pompeo and the sudden evacuation of hundreds of diplomats from the US embassy in Baghdad
Tuesday 16 July
US Secretary of State Mike Bombo takes a plane before leaving Baghdad during a brief visit to Iraq on May 7
"News" (International Relations Battalion) - The sudden evacuation in May left hundreds of diplomats in a state of uncertainty and a few in Iraq to deal with Iran and other pressing issues, according to Foreign Ministry sources.
In May, Foreign Minister Mikebombo ordered the partial evacuation of diplomats from the US Embassy in Iraq amid escalating tensions with Iran. Now, many State Department officials say they have been told that a reduction in the number of embassy staff will become permanent, a move that could leave the US embassy short of staff to carry out important tasks such as confronting Iran on the diplomatic front - and in the short term hundreds of diplomats in Washington,.
A spokesman for the State Department said the description of the withdrawal was "inaccurate" and said: "No decision has been made on permanent staffing levels, but staffing review is underway."He said.
But three other Foreign Office officials, who spoke on condition of anonymity, said the staffing levels of the Baghdad embassy reached after the evacuation in May were treated as a permanent ceiling for Iraqi Foreign Ministry staff..
"They have already calmly adopted a policy of not returning these people," a senior foreign ministry official told the Foreign Policy newspaper. "But they do not actually describe it as a withdrawal but only say they are reviewing the departure order," the official said.
The embassy still has an estimated staff of thousands, but only a small portion of embassy staff are directly involved in basic diplomatic functions, including political officials, economic officials, public diplomacy staff. Mostly contractors, security personnel or officials from other federal agencies, including the intelligence community. After the partial evacuation, Foreign Policy officials stated that the Embassy had fewer than 15 State Department officials who had been directly involved in essential diplomatic missions.
"We have taken a strong embassy that would have kept Iran's influence in a bind, created a space for the United States to exercise its influence, and rid itself of it," the senior State Department official said on condition of anonymity."He said.
Another State Department official, impressed by the decision, said he felt the State Department was "abandoning Iraq"He said.
Bombo ordered a reduction in the number of emergency embassy staff in mid-May after what the Trump administration called the Iranian threats that exposed US personnel in Iraq "at great risk." Of those evacuated, some 275 were Foreign Ministry employees working under the head of the mission, two officials said.
A spokesman for the Foreign Ministry did not confirm or deny the number of the remaining personnel. The Ministry of Foreign Affairs policy does not disclose the level of employment at the embassy for security reasons.
When completed in 2009, the 700-million-dollar US Embassy in Baghdad was the largest and most expensive US embassy in the world. The sprawling new complex spanned more than 100 acres, accommodating more than 1,000 people, and was testimony to how Iraq's central foreign policy for nearly two decades.
This is changing amid a broader debate within Trump about how to eliminate US involvement in costly conflicts in the Middle East and Afghanistan, even as tensions with Iran grow. The Trump administration has discussed plans to reduce the number of US diplomats in Afghanistan and Iraq as part of the president's long-term pledge to rescue the United States from those conflicts and re-appoint the Foreign Ministry to address other global priorities, such as increased competition with Russia and China..
When Bombo announced his order to evacuate the non-essential staff of Iraq, he said: "We have come to an end because of the increasing risks in the region. It makes sense for us to get these non-essential personnel out of Iraq"He said.
Some US lawmakers at the beginning were skeptical about Trump's warnings about growing threats from Iran and the evacuation of the embassy. The lawmakers, most of whom are Democrats, said Trump's management had been briefed on the growing threat from Iran before the decision to evacuate.
The State Department spokesman said the continued departure was "based on security," but declined to give details. "Ensuring the safety of US government personnel and US citizens and the safety of our facilities is our top priority," the spokesman said."He said.
The Secretary of State has the authority to evacuate Embassy staff on an emergency basis, a decision that is reviewed every 30 days for up to six months. Any permanent reduction of an embassy requires notification to Congress.
State Department officials who spoke to Foreign Policy say that many of the individuals who have been forced to evacuate are now in a state of oblivion, some sitting in hotels or in Airbus in the Washington area.
Some officials who were on the way to completing their tour of Iraq when the evacuation order came are now their next task.
Others, whether those who have begun to come to Iraq or are about to leave, are in a state of oblivion, "unemployed employees at this stage," as State Department officials put it..
"As with any order to leave, when an employee is appointed in such a situation, they are given a temporary assignment," a State Department spokesman said.
"There are staff who are scheduled to leave for this summer and are currently in the right training, in order to ensure that they are ready to proceed when / when the departure order is lifted"He said. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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