BRICS+ Nations Determined to Trade in their Own Currencies

BRICS+ Nations Determined to Trade in their Own Currencies

Geopolitical Analyst:   11-29-2024

The global economic landscape is undergoing a significant transformation as the BRICS+ nations — Brazil, China, Egypt, Ethiopia, India, Iran, the Russian Federation, South Africa, and the United Arab Emirates — intensify their efforts to trade using local currencies.

This development, emphasized during their 16th summit in October 2024, highlights a collective determination to reduce reliance on the US dollar and euro, two currencies that have long dominated international trade.

An economic and political imperative drives these countries to promote trading in their currencies. The reliance on major currencies often leads to increased transaction costs and vulnerabilities tied to the fluctuations and availability of these currencies.

For many nations, particularly those in the Global South, trading in currencies like the US dollar is fraught with challenges. Countries such as Ethiopia, whose currency (the birr) is not widely accepted internationally, face significant barriers when trying to engage in trade or to repay debts typically denominated in foreign currencies.

One principal advantage of using local currencies is lowering transaction costs. By trading in their own currencies, BRICS+ countries can streamline the process, making it easier and more efficient to conduct cross-border transactions. This financial autonomy not only enhances trade fluidity but also allows these nations to avoid the pitfalls of relying on currencies that are often tied to political agendas and economic sanctions.

Historically, certain currencies have garnered trust and value because they are backed by nations with robust economies and stable political systems. The US dollar, the euro, the British pound, and the Japanese yen have served as the currencies of choice for international trade, providing a sense of safety for traders and investors alike.

However, the need to transact in these dominant currencies can create economic bottlenecks for developing countries. For instance, if a country cannot earn enough of these major currencies through exports, it struggles to fulfill its import needs or pay off debts, which can hinder economic growth and overall development.

In the unique case of Russia, the country faces extensive sanctions due to its aggressive foreign policies, particularly its conflict with Ukraine. Here, diversifying currency options may offer a pathway to navigate these sanctions, allowing Russia to engage in international trade with alternatives to the dollar or euro.

The political motivations behind this shift are equally compelling. The imposition of sanctions, particularly through the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, has increasingly been used as a tool to exert pressure on nations. Established in 1973, SWIFT has become the backbone of international payments, facilitating secure communication between financial institutions globally. It has been used to impose financial sanctions on various countries, including Iran, Russia, and North Korea, effectively restricting their access to international financial markets.

By moving towards local currency trading, BRICS+ nations can potentially insulate themselves from future sanctions that utilize the current financial infrastructure which they cannot control. In doing so, they seek to reclaim their financial sovereignty and create a more balanced global trading environment.

While the move towards trading in local currencies is promising, it is fraught with challenges. The success of such a shift will depend on the willingness of these countries to establish robust financial systems capable of facilitating international trade without relying on the major currencies. Moreover, trust in local currencies must be cultivated among member nations and their trading partners for these currencies to gain acceptance on the global stage.

In conclusion, as BRICS+ nations embark on this journey towards de-dollarization, they navigate a complex landscape dominated by longstanding economic practices and geopolitical intricacies.

While the ambition to trade in local currencies holds the potential to reshape international trade dynamics and enhance economic resilience, its realization will require concerted efforts, cooperation, and trust among member states. The outcome of this initiative could largely determine the future of international trade and finance as a whole.

https://youtu.be/Kr6agqDQUNc

Seeds of Wisdom RV and Economic Updates Friday Morning 11-29-24

Good Morning Dinar Recaps,

DE-DOLLARIZATION: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR

While Trump is bolstering efforts to reinstate US dollar dominance, the de-dollarization agenda is still a heavy narrative that is spreading like wildfire on a global domain. The Trump regime is focusing on imposing taxes on countries moving away from the dollar, while on the other side, these two nations have stopped using the dollar for bilateral trade. Is de-dollarization an agenda that can truly end sometime soon?

These 2 Nations Have Moved Away From The Dollar

Iran and Russia, the two leading nations, have decided to move away from the US dollar. Iran’s central bank governor, Mohammad Reza Farzin, officially announced plans on how Iran has lately been conducting trade with Russia without using the US dollar. 

Farzin outlined how both nations have established agreements to conduct trade in local currencies, giving the multipolar currency narrative a new boost.

“We have entered into a currency agreement with Russia and fully removed the dollar. Now we only trade in rubles and rials,” Farzin later shared.

The Governor of the Central Bank of Iran later clarified how the financial authorities of both nations have agreed on the exchange rate to be used while conducting active transactions.

The recent data uploaded by the Kremlin also reflected the rising multipolar currency narrative. The fresh Kremlin data emphasize how Iran and Russia have conducted nearly 96% of their trade transactions in local currencies.

“The Kremlin reported on October 21 that the use of national currencies in mutual settlements between Iran and Russia was up 12.4% in 2024, making up 96% of all transactions.” Tass Media reported

The rising de-dollarization wave is hard to maneuver as the majority of the nations, under BRICS and ASEAN, are all proposing local currencies, urging nations to pivot away from the dollar

Trump Tightens His Tax Agenda

Trump, in his recent spree of announcements, has shared how Canada, Mexico, and China will encounter higher tax restrictions. The president-elect has decided to impose a 10% tax on Canada and Mexico to address and restrict illegal immigration and drug smuggling.

At the same time, Trump has imposed a 25% tax on China, touting it as a measure to curb excessive fentanyl imports.

@ Newshounds News™
Source:  Watcher Guru

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CRYPTO EXCHANGE OKX ROLLS OUT SERVICES IN BELGIUM TO STRENGTHEN EUROPEAN PRESENCE

OKX expands its European footprint with a launch in Belgium, featuring free Euro deposits through a partnership with local payment provider Bancontact.

Seychelles-headquartered crypto exchange OKX has launched its services in Belgium, offering spot trading, conversion, and a range of crypto services through its exchange and wallet.

Belgian customers now have access to over 200 cryptocurrencies, including more than 60 crypto-euro trading pairs, along with Euro deposits and withdrawals, the company said in a Nov. 28 press release.

The exchange says the expansion in Belgium leverages Bancontact, Belgium’s online payment system, allowing customers to deposit funds instantly and free of charge. SEPA withdrawals and deposits are also available without fees.

OKX Europe general manager Erald Ghoos says the launch in Belgium marks a “key step in our regional expansion, supported by a local team and tailored services that meet the unique needs of Belgian customers.”

The Belgian launch is part of OKX’s broader strategy to increase its presence across Europe. 

Earlier in 2024, the exchange debuted in the Netherlands and announced plans to establish OKX expands its European footprint with a launch in Belgium, featuring free Euro deposits through a partnership with local payment provider Bancontact.

Seychelles-headquartered crypto exchange OKX has launched its services in Belgium, offering spot trading, conversion, and a range of crypto services through its exchange and wallet.

Belgian customers now have access to over 200 cryptocurrencies, including more than 60 crypto-euro trading pairs, along with Euro deposits and withdrawals, the company said in a Nov. 28 press release.

The exchange says the expansion in Belgium leverages Bancontact, Belgium’s online payment system, allowing customers to deposit funds instantly and free of charge. SEPA withdrawals and deposits are also available without fees.

OKX Europe general manager Erald Ghoos says the launch in Belgium marks a “key step in our regional expansion, supported by a local team and tailored services that meet the unique needs of Belgian customers.”

The Belgian launch is part of OKX’s broader strategy to increase its presence across Europe. Earlier in 2024, the exchange debuted in the Netherlands and announced plans to establish a regulatory hub in Malta, where it secured a Class 4 Virtual Financial Assets license in 2021. The exchange said it plans to list additional tokens for Belgian users as part of its ongoing product expansion, though details on this initiative are yet to be disclosed.

@ Newshounds News™
Source:  Crypto News

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COINBASE ENDS USDC REWARDS IN EUROPE AS MICA DEADLINE LOOMS

The crypto exchange will end its USDC yield program for EEA customers on December 1, citing the EU’s upcoming stablecoin regulations.

Crypto exchange Coinbase will discontinue its USDC Rewards program for customers in the European Economic Area (EEA) starting December 1, 2024, as part of its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations.

Coinbase users reported receiving an email Thursday in which the exchange announced the termination of its yield program, which allowed users to earn rewards on their holdings of the USDC stablecoin.

The change comes as MiCA, introduced in June 2023, imposes stricter rules on stablecoins, classifying them as electronic money tokens (EMTs).

These rules ban interest-earning features and require issuers to maintain sufficient reserves and obtain e-money authorization in at least one EU member state.

Impacted customers will receive their final payments within the first ten business days of December. Until then, they can continue earning rewards on balances through November 30.

Many customers have expressed dissatisfaction with the changes. Paul Berg, co-founder of Sablier, sarcastically remarked on Twitter that he feels “very grateful to the EU” for shielding him from earning rewards on his USDC.

Ripple’s CTO David Schwartz weighed in, describing the situation as an example of regulations preventing companies from offering “pro-consumer” services.

Coinbase had hinted at the coming change October, announcing plans to delist or adjust non-compliant tokens ahead of MiCA’s full enforcement on December 30.

At the time, the crypto exchange told Decrypt it would provide a detailed transition plan in November to help European customers switch to compliant stablecoins, such as USDC and EURC.

On Wednesday, stablecoin issuer Tether also announced it will stop minting euro-backed tokens, citing regulatory hurdles in Europe.

Tether CEO Paolo Ardoino said the focus will now shift to expanding Hadron, its asset tokenization platform.

Coinbase did not immediately respond to Decrypt’s request for comment.

@ Newshounds News™

Source:  Decrypt

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🌱WHAT ABOUT FREQUENCIES  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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World's Largest Gold Deposit Found, Worth Over Us$80 Billion

World's Largest Gold Deposit Found, Worth Over Us$80 Billion

Mike McRae  Thu, November 28, 2024

A deposit of high-quality gold ore containing around 1,000 metric tons (1,100 US tons) of the precious metal has been discovered in central China, according to Chinese state media.

Valued at approximately 600 billion yuan or US$83 billion, the discovery could be considered the largest and most lucrative reservoir of gold ever uncovered, surpassing the 900 metric tons estimated to lie within the mother of all gold reserves, South Deep mine in South Africa.

The Geological Bureau of Hunan Province announced the detection of 40 gold veins within a depth of 2 kilometers (1.2 miles) in the northeast Hunan county of Pingjiang.

These alone were thought to contain 300 metric tons of gold, with 3D modeling suggesting additional reserves may be found to a depth of 3 kilometers.

"Many drilled rock cores showed visible gold," says bureau prospector Chen Rulin.

Core samples suggest every metric ton of ore could contain as much as 138 grams (nearly 5 ounces) of gold – an extraordinary level of quality considering ore excavated from underground mines is considered high grade if it contains more than 8 grams.

China already dominates the world's gold market with reserves considered to be in excess of 2,000 tons earlier in 2024, its mining industry contributing around 10 percent of the global output.

TO READ MORE:  https://www.yahoo.com/news/worlds-largest-gold-deposit-found-012530485.html

“Bits and Pieces” in Dinarland Friday AM 11-29-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 29 Nov. 2024

Compiled Fri. 29 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 28 Nov. 2024 Wolverine: “I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas. Check your emails at hourly.”

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Thurs. 28 Nov. 2024 TNT Call:

We got a call from the committee guy. He said the IMF and UN just had a meeting and I was told to call and tell you the currencies that have been green lighted to go are the Iraqi Dinar, Zim, Venezuela Bolivar, Dong and Zimbabwe Zim.

The rest of the 4-5 countries currencies are being renegotiated.

Janet Yellen is gone. She resigned this past Sun. morning.

They are all afraid of the new administration.

They are supposed to vote on Friday in Parliament.

They were told it’s imminent. Be ready. No time set. They are on call right now.

Dinar $4.21, VND $2.47, Bolivar $.83, Zim $.30

A guy said a bank memo said to get your people ready for Friday after 2 pm, or the weekend.

So enjoy your holiday and get ready at a moment’s notice to get to the banks.

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Thurs. 28 Nov. 2024 Jon Dowling: “Wells Fargo is ready to go with the QFS and the US Debt Clock is Gold! 62,000 wealth managers nationwide ready to go! Get your affairs in order. Early Christmas thus year! Iraq finishing all the important laws this week.”

Thurs. 28 Nov. 2024: Russia and Iran have completely abandoned the US dollar in bilateral trade, shifting entirely to national currencies. “We have entered into a currency agreement with Russia and abandoned the dollar. Now we only trade in rubles and rials.”

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Judy Note:

The Global Economic Security and Reformation Act (GESARA) is dismantling the power structures that have enslaved humanity for centuries. With the full deployment of military operations and the quantum infrastructure of the Quantum Financial System (QFS), the Cabal’s grip on wealth and power is crumbling daily.

Possible Timing: Wed. 7 Nov. 2024: GESARA: The Largest Wealth Transfer in History – Secret Military Operations, Strikes, and Redemption Centers That Have Already Changed the World – Gazetteller

As of November 27, 2024, the world finds itself amid the greatest shift in modern history. The Global Economic Security and Reformation Act (GESARA) is no longer a whisper among the informed; it is a seismic wave dismantling the power structures that have enslaved humanity for centuries.

With the full deployment of military operations and the quantum infrastructure of the Quantum Financial System (QFS), the Cabal’s grip on wealth and power is crumbling daily.

GESARA’s Historic Wealth Transfer: November Updates November 15–20, 2024: The Foundation is Laid

Asset Seizures Intensify: Global military coalitions launched synchronized raids  in Switzerland, Singapore, and the Caribbean, seizing over $12 trillion in hidden accounts. These funds, tied to human trafficking rings and illigal arms trades, are being funneled into GESARA projects, including debt forgiveness, infrastructure rebuilding, and clean energy programs.

Silent Wealth Disbursements Begin: In Brazil, India, and parts of Africa, locals began reporting sudden cancellations of long-standing debts without explanation. By November 20, an estimated 2.7 million individuals in these regions had their financial burdens lifted, a direct result of GESARA’s redistribution process.

Read full post here:  https://dinarchronicles.com/2024/11/29/restored-republic-via-a-gcr-update-as-of-november-29-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat  ...The news from Iraq is all still very good. There is so much progress. The BIG event of course, will be the ending of the current currency auction process and use of the new system already to implement. The CBI has told us that nearly 95% of the current payments needed for imports is covered by the four (4) correspondent banks for this purpose... remember that the clock is ticking and other outside banking relationships must take place but will most probably never take place unless the IQD is valuable again and most importantly on these terms it must also be reinstated back on FOREX for investors to “legally” use this currency in their portfolios of investments for their clients. This is the key. Yes, this is really just where we are right now...

Militia Man  They're talking about "financial risks".  They weren't talking in that way when they were moving forward into an international world with the 1310.  They're talking about preparedness for a change...They're focusing in on their banking sector.  Article quote "These days there's growing interest in the banking sector in general both government and private sectors..."  The banking sector is looking to be in good shape for this new stage.  That's what they're presenting...

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Sudani in Spain… economic talk

Nader:  11-28-2024

https://www.youtube.com/watch?v=bLJFXsNYqNo

Vietnam Dong Exchange Rate Economic Forecast Foreign Investors

Edu Matrix:  11-29-2024

Vietnam Dong Exchange Rate Economic Forecast #vnd Foreign investors are showing strong interest in southern Vietnam, focusing on cities like Dong Nai, Binh Duong, HCM City, and Long An.

The video shares the USD / VND Exchange Rate and explains why the VND keeps fluctuating against the US dollar.

High levels of foreign investments will decrease Vietnam's unemployment rate, which could quickly help the VND value increase—the video shares major foreign investments in Southern Vietnam in the coming year.

https://www.youtube.com/watch?v=DkzQ5eo3d5g

“Tidbits From TNT” Friday Morning 11-29-2024

TNT:

Tishwash:  they do this every year this is not a sign the RV is happening although it would be a great time for it

Rafidain Bank announces suspension of credit activity in the middle of next month

  For annual application purposes

Rafidain Bank announced today, Friday, the suspension of credit activity as of December 15th for the purposes of annual implementation.

Rafidain Bank announces the suspension of credit activity as of December 15th for annual implementation purposes.

The bank confirms that due to the approaching end of the fiscal year and for the purposes of the annual application and to make room for the liquidation of the suspended assets, preparing the annual statistics and inventory, and organizing the budgets, all types of credit activity will be suspended on 12/15/2024, and loan applications and other banking services will not be promoted.

The bank directed its branches in Baghdad and the governorates to complete all completed transaction requests that have advanced procedures before the above date. The bank added that work on promoting loans will resume early next year.  link 

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Tishwash:  How does the United Nations view the steps of the Sudanese government in the economic file?

The United Nations praised the exceptional steps achieved by the government of Prime Minister Mohammed Shia al-Sudani in the areas of diversifying sources of income and the economy, and achieving food security, pledging to continue its support (the Iraqi government) in its efforts to achieve development and economic sustainability for Iraq.

The confirmations of the highest international organization in the world came from the Assistant Secretary-General of the United Nations and Regional Director for Arab States, Abdullah Al-Dardari, who said in an interview with the official newspaper, “The Iraqi government has begun to take rapid steps to diversify sources of income, especially since the government realizes that reliance on oil can not only end within a certain period, but that advanced technology is what must create valuable job opportunities for Iraqi youth who yearn for initiative, creativity and invention. Therefore, the Iraqi government has allocated funding resources in this direction, such as the Central Bank’s funding plan of (700) million dollars for activities related to environmental efficiency, renewable energy and energy efficiency.”

He pointed out that “the United Nations is ready to provide technical support to ensure the best for this credit line,” noting that “the United Nations helped prepare a local strategy for Iraqi medium and small companies and financing mechanisms for these companies and their right to access all available sources of financing, and to develop banking work so that it becomes focused on financing productive projects, and there is a great effort that we are making with the Iraqi government in this direction.”

The UN official confirmed that “Iraq has achieved a major accomplishment in the non-oil sector, after achieving an abundant wheat crop exceeding (6) million tons. This accomplishment was achieved under difficult climatic conditions and with a large government investment of about (500) million dollars through the use of drip irrigation mechanisms, providing support to farmers, purchasing at a price higher than the market price, and granting soft loans,” indicating that “this is evidence that government policies and government funding can encourage the private sector to produce, increase food security in Iraq, and reduce dependence on imports, which saves about (4) billion dollars from wheat imports annually, which is a very large amount,” considering “this a major accomplishment for the Iraqi government.”

He added, "The United Nations is ready to cooperate with Iraq to develop food security and agricultural production systems."  link

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Tishwash:  Details of the Kurdistan delegation's meeting with the Ministry of Oil.. Agreement on 3 points

Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, revealed details of the meeting that brought together the Undersecretary of the Iraqi Ministry of Oil, Ali Maaraj, with the representative of the Kurdistan Region in Baghdad, Faris Issa, and a number of members of parliament.

Today, Thursday, the Undersecretary of the Ministry of Oil for Distribution Affairs, Ali Maaraj, received the Head of the Kurdistan Region Representation Office, Faris Issa, and a number of members of the Council of Representatives attended the meeting.
Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, who was one of those present, said: “We visited the Ministry of Oil with Faris Issa, Minister of the Kurdistan Region Representation Office, and the Directors General of the Ministry of Natural Resources, and three main topics were discussed in the meeting.”

According to the MP, the attendees discussed the issue of “distributing kerosene to the Kurdistan Region, allocating a quantity of regular gasoline to the region, and calculating the standard liter volume of oil shipped to the region.”

Haidar confirmed that "the following results were reached during the meeting: 1- Immediately launching the region's share of kerosene, which is 50 million liters, 2- Anticipating the improvement of gasoline quantities in the central and southern governorates in order to determine a share for the region, 3- Reviewing the issue of the standard liter and the normal volume of oil sent to the region in the ministry until the problem is resolved."

According to the parliamentarian, the meeting this time focused on the issue of sending fuel to the region, and did not address the issue of resuming oil exports from Kurdistan, which is scheduled to begin early next year according to official statements.   link

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Mot.... Dinner was Great - Lets Watch the Game Now!!!! 

Mot: . Here We Go Again!!!! – siiggghhhhhhhhhh  H

More News, Rumors and Opinions Thursday PM 11-28-2024

TNT:

Tishwash:  Al-Tawki: Agreement on the region’s dues paves the way for broader understandings on the oil and gas law

Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, revealed an agreement that paves the way for broader understandings regarding the oil and gas law.

Al-Tawki told {Euphrates News} that: “The recent agreement with the Kurdistan region is considered a good initiative because the point of contention in the law was the issue of dues and the costs of extracting the region’s oil.”

He added, “It set a high ceiling for financial costs estimated at $22 to extract one barrel, although the costs of extracting oil in the south and the central government contracts do not exceed $12 as the highest cost.”

Al-Tawki expected that this agreement would lead to broader understandings regarding the oil and gas law.  link

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Ariel:  Trump makes it real plain in this video

Donald Trump makes it real plain in this video. The goal is for currency like the Iraqi Dinar to reach parity with USD.

Iranian Rial
Vietnamese Dong
Zimbabwe Notes
Etc.

Level playing field. But in the process makes yourself very financially well off.

Nathan Weldon @WeldonNath21356

Watch Currency holders! IQD and VND   X Link

https://dinarchronicles.com/2024/11/28/ariel-prolotario1-trump-makes-it-real-plain-in-this-video/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat   In the study of the recent Iraqi census taking...you can clearly see the recent census was a national census taken with the help of the United Nations (UN). The UN every so many decades takes a global census to determine the world’s population and demographics.  Iraq is also going to use this census as part of the Article 140 distribution of the Kurdistan monthly payments of oil revenues to the region from the GOI.  It will also help resolve part of the Oil and Gas law...Note, I did not say excess oil revenues or oil wealth distribution...This census taking has VERY LITTLE to do with the HCL individual Oil revenue sharing/distribution...   [Post 1 of 2]

Mnt Goat  So, now since the census is taken, the GOI can legally compensate and prove why they are compensating the amounts to the Kurds. This is really WOW! news for us today...you can see how this census results would also be useful in rebuilding the Iraqi economy besides Article 140 and HCl disputes. It was way overdue. This is yet another sign to us investors that Iraq is now serious about moving ahead.[Post 2 of 2]

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The REAL Value Of The Dollar (They Don't Want You To Know)

Lynette Zang:  11-28-2024

Today's video is answering the question of what the REAL value of the dollar is and why your purchasing power feels less and less everyday

https://www.youtube.com/watch?v=3huMVsKkfQQ

FREEDOM ALERT! Texas Congressman Proposing Gold Backed Crypto for TEXAS! CAN IT WORK?!

(Bix Weir)  11-22-2024

Cody Harris, a Republican Party member of the Texas State House of Representatives, is proposing a State Currency for Texas consisting of physical gold backing a crypto currency. Of course the problem is 3rd party custody BUT it's a Start!

https://www.youtube.com/watch?v=1wRm6WOfwy0

Iraq Economic News and Points to Ponder Thursday Afternoon 11-28-24

Al-Sudani: We Have Contact With Trump's Team And They Want To Develop Relations With Us

Thursday 28 November 2024 11:08 | PoliticsNumber of readings: 358

Baghdad / NINA / Prime Minister Mohammed Shia al-Sudani stressed: "Iraq's relations with the United States are institutional according to the strategic framework agreement."

Al-Sudani said in an interview with the Spanish newspaper El Mundo: "We have communication with Trump's team and they want to develop relations with us."

Regarding Iraq's relations with Spain, he explained: "We are facing a distinguished stage in relations with Spain and there is a mutual desire to develop and advance them in all fields," adding: "Spain is part of the international coalition that helped us eliminate the terrorist ISIS, and based on our request, the mission of the international coalition will end within two years due to the lack of justification for its existence."

He said: "There are Spanish companies in Iraq, especially in the railway and transportation sector, and we are keen to have more companies for their efficiency and experience in implementing projects. We will sign several memoranda of understanding with Spain and there is a financial ceiling of 200 million euros to one billion euros to cover projects implemented by the Iraqi and Spanish private sectors."

He pointed out that a railway project worth 250 million dollars was referred to a Spanish company, and negotiations are underway with another Spanish company on a high-speed train project between the governorates of Najaf and Karbala.

Regarding the situation in Iraq, Al-Sudani said: "The capabilities of our security services have reached an advanced stage and there is political stability that has been reflected in the general situation of the country."

Regarding the ceasefire in Lebanon, the Prime Minister described the agreement as an important event, expressing his hope that it will include the Gaza Strip to reflect on the stability of the region.

He continued: "Our laws stipulate non-recognition of the Zionist entity, and the Palestinians are the owners of the land and the cause, and they are the ones who decide the formula for the solution to their cause." / End 2   https://ninanews.com/Website/News/Details?Key=1171569

Gold Falls On Dollar Strength

Thursday 28 November 2024 08:49 | Economic  Number of readings: 214

Baghdad / NINA / Gold prices fell on Thursday, pressured by the rise of the dollar, amid anticipation of economic data indicating that the Federal Reserve (the US central bank) may follow a more cautious approach to interest rate cuts.

Spot gold fell 0.3 percent to $ 2627.60 per ounce, and US gold futures fell 0.5 percent to $ 2627.00.

The dollar index rose 0.1 percent, reducing the attractiveness of gold for holders of other currencies.

As for other precious metals, silver fell about one percent to $ 29.78 per ounce, platinum 0.1 percent to $ 928.05, while palladium stabilized at $ 972.75. https://ninanews.com/Website/News/Details?key=1171543

Oil Falls After US Gasoline Stocks Rise

Energy   Economy News – Baghdad  Oil prices fell slightly in Asian trading on Thursday after a surprise jump in U.S. gasoline stocks ahead of the Thanksgiving holiday raised concerns about demand in the world's biggest fuel consumer.

Brent crude futures were down 4 cents, or 0.1 percent, at $72.79 a barrel by 02:20 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 1 cent at $68.71 a barrel.

Trading is expected to be light due to a holiday in the United States.

The U.S. Energy Information Administration said Wednesday that gasoline stocks in the country rose by 3.3 million barrels in the week ending Nov. 22, contrary to expectations for a slight draw in fuel stocks ahead of the holiday season.

Oil analysts had expected U.S. gasoline stocks to fall by 46,000 barrels last week, according to a Reuters poll ahead of the EIA report.

OPEC+ members are discussing a further delay to a planned oil output increase that was due to start in January, two sources from the producer group told Reuters on Tuesday. The group is due to meet on Sunday to decide policy for the first months of 2025.  https://economy-news.net/content.php?id=50314

Government Communication: All Institutions Are Required To Introduce Electronic Payment By July 2025

Electronic payment device at gas stations  Money and business  Economy News – Baghdad    The Government Communication Team confirmed on Thursday that the number of institutions using electronic payment has increased to 780 and the number of payment cards has increased to 20 million, noting that the government’s plan stresses the obligation of all institutions to introduce electronic payment by July 2025.

The head of the government communication team, Ammar Munim, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "there are about 780 institutions that have been converted to electronic payment, and the number of electronic cards has increased from 14 million cards to 20 million cards, in addition to the amounts that were traded during the campaign reaching one and a half trillion dinars."

He added, "We have a set of measures that have allowed for an increase in the number of electronic cards and the number of ATMs, and the conversion of institutions to electronic payment. The culture among citizens has been strengthened to use cards to transfer their money inside and outside Iraq electronically without any difficulty."

He added, "The national campaign to support the electronic payment process encouraged citizens through simplified procedures from the government, and it is an educational campaign."

He stressed that "the government has taken important measures through which it has directed all institutions to develop a plan to move to electronic payment by the end of this year and for all institutions to enter the electronic payment process by the beginning of July of next year 2025." 58 views  Added 11/28/2024 - 5:53 PM  https://economy-news.net/content.php?id=50346

Central Bank Sales Rise To More Than $288 Million In Currency Auction Today

Thursday 28 November 2024 14:54 | Economic Number of readings: 104

Baghdad / NINA / The Central Bank of Iraq's dollar sales increased to more than $ 288 million in the currency auction, compared to yesterday, Wednesday.

The bank sold $ 288 million, 258 thousand and 12 in its auction today, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to $ 275 million, 158 thousand and 12, up 95% from cash sales of $ 13 million and 100 thousand.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 11 banks, and the total number of exchange companies participating in the auction was 15 companies.  https://ninanews.com/Website/News/Details?key=1171609

Sudanese Advisor: The Government Has Taken Decisions That Grant Privileges To Investors

Political | 03:51 - 11/28/2024  Mawazine News - Baghdad -  The Prime Minister's Advisor for Industry and Private Sector Development, Hamoudi Al-Lami, announced that the government has taken decisions to grant privileges to investors, while indicating that the facilities include granting tax exemptions.

Al-Lami said in a speech at the Greek-Arab Economic Forum in Athens, that "Iraq, after the formation of the current government two years ago headed by Prime Minister Mohammed Shia Al-Sudani, had one of its priorities to support the industrial sector, and the government has begun to implement this promise it made," noting that "the government has taken decisions, including activating Investment Law No. 13 of 2006, and additional amendments were made to it to grant more privileges to investors."

He explained that "the government has taken decisions, including forming committees to grant incentives and privileges to investors and guarantees for investment," noting that "foreign investors have the right to lease industrial lands for a period of 50 years, renewable."

Al-Lami explained that "Iraq has great opportunities for investment, especially after the security stability, and the Arab brothers played a major role in activating various sectors in Iraq and they are now spread across all Iraqi governorates," stressing that "Iraq is now witnessing a renaissance in activating sectors, and there are investment opportunities that were presented two months ago and will be followed by other opportunities that will be announced soon."

He continued: "Iraq has a great wealth of minerals that exceeds its importance, oil, as oil is now suffering from some disturbances due to the political situation, the issue of the environment and carbon emissions," explaining that "Iraq has begun to invest in the great wealth of minerals as it has 10 billion tons of phosphate rocks that are used in the phosphate and phosphate fertilizer industry, which has become a great need due to the increasing demand for food that requires agriculture, which in turn needs fertilizers."

He added that "any production of the phosphate industry is accompanied by uranium production, and the investor can use the uranium to produce energy or sell it to power plants," noting that "the National Investment Law started with simple and specific investments in the construction sector and has now shifted to investing in the industrial sectors (chemical and petrochemical)."

Al-Lami stated that "the investor obtains full tax exemptions for importing production line equipment and raw materials."   https://www.mawazin.net/Details.aspx?jimare=256998

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

“Tidbits From TNT” Thursday 11-28-2024

TNT:

Tishwash:  Trade Bank of Iraq launches first experimental Visa card

The Trade Bank of Iraq announced, on Wednesday, the launch of the first experimental Visa card.

The bank's media advisor, Aqil Al-Shuwaili, said in a statement, which was reviewed by "Al-Eqtisad News", that "the Iraqi Trade Bank has begun launching the first experimental Visa card."

He pointed out that "this visa included features for use in the online shopping process as well as for use in purchases  link

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Tishwash:  International Development Bank signs a memorandum of understanding with the Arab Tourism Organization

The International Development Bank announced, on Wednesday, the signing of a memorandum of understanding with the Arab Tourism Organization under the patronage of Prime Minister Mohammed Shia Al-Sudani.

The bank said in a statement, seen by Al-Eqtisad News, that "it continues its leadership in supporting sustainable development by signing a memorandum of understanding with the Arab Tourism Organization."

It added, "The memorandum was signed between Chairman of the Board of Directors Ziad Khalaf Abdul and Chairman of the Arab Tourism Organization Bandar bin Fahd Al-Fahid in the presence of the Iraqi Minister of Culture and Tourism and a number of officials, under the patronage of Prime Minister Mohammed Shia Al-Sudani." 

The statement continued, "The cooperation includes supporting tourism investments in Iraq through an insurance policy, and qualifying tourism facilities to obtain the highest quality marks with the launch of the "Arab Tourist Card" project in partnership with the international company "Visa."

It continued, "The Arab Tourist Card will provide competitive advantages to Arab tourists, such as health insurance, while ensuring that they benefit from the advantages granted by the international company Visa for this type of card, such as special discounts at hotels, restaurants and other tourism establishments, and many competitive advantages."

He added, "This step represents a new start to enhance joint Arab action, support inter-Arab tourism, and attract investments to support the promising tourism sector by integrating the efforts of the Iraqi private sector with the plans the Iraqi government has to develop the tourism reality, making Iraq, which is rich in tourism, religious, archaeological, and natural components, a tourism destination for all the world's poles." link

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Tishwash:  Lebanese Economy Minister: Our government is counting on Iraq for reconstruction

Lebanese Minister of Economy Amin Salam said that the Lebanese government is counting on Iraq's support in reconstruction. 

According to Salam's statement, which was followed by "Ultra Iraq", "we are counting on Iraq's support and the Iraqi Prime Minister's initiative in reconstruction." 

He said, "Iraq has not abandoned Lebanon, and we appreciate the Prime Minister's initiative in reconstruction, and we thank the Iraqi government and people for their efforts and continuous support for Lebanon." 

Salam pointed out that "serious work has begun towards the second phase of saving Lebanon," indicating that "the American side is serious about a ceasefire to reach the stage of peace."   link

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 Mot: .. and YOUR ""Turkey Name"" is!!!????

Mot:  ... Fur that ""Other Crowd"" - vegan turkey

Seeds of Wisdom RV and Economic Updates Thursday Morning 11-28-24

Good Morning Dinar Recaps,

ROBINHOOD CRYPTO EU EXPANDS OFFERINGS WITH CIRCLE USDC STABLECOIN

Robinhood Crypto EU adds USDC stablecoin, providing users access to regulated dollar-backed digital assets and expanding crypto offerings.

▪️Robinhood Crypto EU added Circle's USDC stablecoin, giving 24M registered accounts access to the dollar-backed asset

▪️Circle's CEO confirmed USDC’s inclusion on Robinhood EU, alongside EURC, benefiting from Europe’s clear crypto regulations.

▪️Robinhood EU supports 30+ digital assets.

Robinhood Crypto EU has expanded the options available on its platform, now including Circle’s USDC stablecoin to its European customers. The integration allows users to access a regulated digital asset that is dollar-based, expanding Robinhood’s product portfolio in the crypto space.

Robinhood Introduces USDC Stablecoin To European Users
According to a recent post on X, Robinhood Crypto EU has incorporated Circle’s USDC into its platform, enabling 24 million registered accounts to access the dollar-backed digital asset. This addition aligns with the trading platform’s strategy of offering users compliant options in the cryptocurrency space.

Circle’s CEO, Jeremy Allaire, acknowledged USDC coming on Robinhood stating that the platform could further boost the use of stablecoins in Europe. Beside USDC, Allaire emphasized on EURC, the euro stablecoin of Circle, as both assets operate within the framework of European regulations.

Circle’s CEO added,

“EURC is the largest Euro Stable, has grown fast this year, is taking advantage of clear and fair regulations in Europe (alongside USDC!) and is growing TX volume, onchain FX use, and more and more exchanges and wallets launching support.”

Crypto Services Across European Markets
Robinhood continues to broaden its cryptocurrency portfolio, offering support for over 30 digital assets. The platform provides the lowest-cost trading across European markets, further cementing its position as a leading crypto platform. The inclusion of USDC in its offerings demonstrates dedication to providing investors with a diverse range of options.

Recently, the trading platform added Dogwifhat (WIF), a Solana-based meme coin, to its list of supported cryptocurrencies. The listing triggered a surge in WIF price and trading volume, highlighting its influence on market trends within the crypto sector.

In parallel developments, Circle launched USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) on the Aptos blockchain. This integration enables the native issuance of USDC on Aptos, improving its functionality within the network. It also enhances cross-chain interoperability and reduces dependence on bridged versions of the stablecoin.

The CCTP rollout facilitates seamless transfers between Aptos and other blockchains, such as Ethereum, Solana, and Base. The move complements Circle’s USDC strategy, further expanding its usability in decentralized finance.

@ Newshounds News™
Source:  CoinGape

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METAMASK INTEGRATES VENMO TO ENHANCE FIAT-TO-CRYPTO ONRAMP OPTIONS

MetaMask added a fiat on-ramp feature through Venmo, allowing US users to buy crypto using the payment app, according to a Nov. 27 announcement.

Crypto-focused fintech Moonpay enabled the new payment method.

Venmo, a PayPal subsidiary, introduced crypto transfers for its customers in April 2023. The company has supported buying, holding, and selling crypto since 2021.

Although the MetaMask fiat-to-crypto option is available in roughly 200 countries, the Venmo partnership is only available for US users.

Efforts on payments
MetaMask first launched a fiat-to-crypto feature in April 2023 and has since added support for payment options via Apple Pay, debit and credit cards, PayPal, wire transfer, and ACH bank transactions.

Other MetaMask partners include Transak, Stripe, Sardine, and Banxa, among others.

The company recently launched the MetaMask Card in August in partnership with Mastercard and crypto service provider Crypto Life. The card is still in its pilot phase and is only available in Europe and the UK.

The debit card allows users to spend balances in USD Coin (USDC), Tether USD (USDT), and Wrapped Ethereum (WETH) at any vendor that accepts Mastercard. Additionally, the card is supported by Apple Pay and Google Pay.

@ Newshounds News™

Source:  CryptoSlate

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🌱 WHAT IS THE BEST DICTIONARY  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

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Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Thursday AM 11-28-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 28 Nov. 2024

Compiled Thurs. 28 Nov. 2024 12:01 am EST by Judy Byington

Wed. 27 Nov. 2024: Dr. Charlie Ward said that the EBS would sound in two days, while all indications were that the Global Currency Reset and RV were imminent, but no one knew when. The actual procedure for exchange appointments has not yet been announced.

Possible Timing: Dr. Charlie Ward on Telegram:

The EBS is about to 9allegedly) begin in just two days!

Buckle Up. Massive Shifts are coming and temporary Martial Law could be on the table.

As the White Hats pull the plug on the Deepstate’s corrupt banking system and transition us to the Quantum Financial System (QFS), chaos is imminent.

Riots, false flags, and turmoil in major cities are expected.

A market crash could be days away.

Total Communication failure is coming.

The EBS will transmit loud emergency alerts directly to mobile phones worldwide via the Starlink satellite system.

During this blackout, there will be (allegedly) NO internet, NO cell service, NOTHING. ATMs, credit, and debit card systems will also go down—they run on the internet. Think about it. This is not a drill.

Wells Fargo, JP Morgan Chase and Bank of America have (allegedly) declared Bankruptcy. More banks are following suit.

This time, there will be NO ONE to bail them out. Depositors could lose everything. Yes, a bank run is not only possible—it’s inevitable. The global financial collapse is here, and the United States is cornered: transition to the new system or perish. There is no other way.

Are you ready? The clock is ticking. The storm we’ve been warning you about is now overhead. Nothing can stop what is coming. EVERYTHING will change. Spread the word.

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Global Currency Reset:

Judy Note: All indications were that the Global Currency Reset and RV were imminent, but no one knew when the green light would light up.

Wed. 27 Nov. 2024: GESARA: The Largest Wealth Transfer in History – Secret Military Operations, Strikes, and Redemption Centers That Have Already Changed the World – Gazetteller

Tues. 26 Nov. 2024: BREAKING: Donald Trump Jr. Drops Bombshells! NESARA GESARA Brings No Income Tax, No Property Tax, and Flat 14% Tax Revolution! – amg-news.com – American Media Group

Tues. 26 Nov. 2024: QFS News! Security and Verification: Protecting Your QFS Account, Universal Basic Income, Account Consolidation, Quantum Encryption, Biometric Data, Age Requirements (young adults) and Identity Verification – amg-news.com – American Media Group

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Global Financial Crisis:

Wed. 27 Nov. 2024: The Federal Reserve Is Destroying America: Trapping You in Debt Slavery, Starving Your Family, Forcing Homelessness, and Profiting from Your Death Through Medical Tyranny! – Gazetteller

Wed. 27 Nov. 2024: The Bank of Russia announced on Wednesday that it will suspend foreign currency purchases until the end of the year to reduce the volatility in the financial market. The central bank said in the statement that the regulator will continue conducting currency sales operations linked to the National Welfare Fund on the domestic market, while deferred currency purchases are scheduled for next year. This year, the Russian central bank engaged in limited purchases of foreign currencies to stabilize the ruble. Earlier today, the Russian currency dropped to its lowest level against the dollar and the euro since March 2022 following Washington’s sanctions targeting Gazprom bank, Russia’s third-largest bank.

Read full post here:  https://dinarchronicles.com/2024/11/28/restored-republic-via-a-gcr-update-as-of-november-28-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
Sudani on television again this afternoon saying the CBI has progressed in the 77 past years and they they have dealt with all the challenges and the reforms...Alaq on television talking about the CBI...the more we listen the more it sounds like he's telling us they're going to be giving us our purchasing power very soon.  FRANK:  They're telling you your country...bank...economy is exploding.  That's impossible at a program rate...It's their way of telling you what they promised you...purchasing power in your currency.  It is coming.  

Fnu Lnu  We are hearing a constant drone of how the GOI is trying to combat the parallel market /black market. Once again, I am calling B.S.!  Any thinking person can understand and realize, the way you put an instant end to the black market is to revalue the currency (IQD) to a rate higher / more valuable than the Dollar. I maintain that this is nothing more than a stall tactic to hold off the RV / RI of the IQD.  Occam's Razor is almost always the correct answer, but why are they doing this?

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Confirmed: China is the 'Secret' Gold Buyer

Arcadia Economics:  11-27-2024

After 18 months of consecutive additions to China's gold holdings, they have now gone several months without reporting any additional purchases.

 Yet there's been dispute about whether they are buying gold that they're not reporting, and in this morning's show Vince Lanci confirms that they are indeed the 'secret' gold buyer.

To find out more, click to watch the video now!

https://www.youtube.com/watch?v=E_QuPgIP-pc

Seeds of Wisdom RV and Economic Updates Wednesday Evening 11-27-24

Good Evening Dinar Recaps,

TRUMP’S TEAM PICKS PAUL ATKINS FOR SEC CHAIR: REPORT

In the ongoing developments surrounding the rapidly evolving cryptocurrency landscape, Donald Trump’s team has reportedly consider a new Securities and Exchange Commission (SEC) chair to replace the current chair, Gary Gensler. According to the latest report, the Trump’s team has consider pro-crypto former commissioner Paul Atkins for the SEC chair position.

Trump’s Team Consider Paul Atkins to Replace Gary Gensler
Atkins is known for his crypto expertise and innovative stance in supporting this rapidly evolving landscape. Following his election as SEC chair, there is a strong possibility that he could actively back and promote U.S. crypto regulation while encouraging rapid growth in the sector.

Recently, Eleanor Terrett, a journalist at Fox Bussiness, noted on X (formerly Twitter),

“Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer under two prior SEC Chairs — Richard C.”

Terrett further added that Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency to the so-called “gold standard” many in the Republican Party feel was lost under outgoing chair Gary Gensler.

Current Market Outlook
Following this much-awaited update, the overall cryptocurrency market began turning green.

As of press time, top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have registered gains of over 2.75%, 7.5%, and 6%, respectively, in the past 24 hours. Meanwhile, other major cryptocurrencies are experiencing similar upside momentum.

@ Newshounds News™

Source:  CoinPedia

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TETHER DOESN’T LIKE MICAR SO DITCHES EURO STABLECOIN

Tether, the issuer of the world’s largest stablecoin, doesn’t like Europe’s MiCA regulations. Other stablecoin issuers are also not keen on the requirement to put a substantial proportion of reserves into bank accounts, as required by MiCAR. But they nonetheless comply. Tether isn’t willing to do so, and today it confirmed it is shutting down EURT, its Euro stablecoin. Users have a year to redeem the coin.

EURT has a market capitalization of €26 million compared to Tether’s USD stablecoin at $132 billion. To date Tether has operated offshore so it’s likely just not worth the work involved to become MiCAR compliant.

MiCAR requires 30% of reserves to be held in bank accounts, with 60% for larger stablecoins. Tether views this as risky compared to investing in Treasuries. Bank deposits also pay less than government bonds.

“Until a more risk-averse framework is in place — one that fosters innovation and offers the stability and protection our users deserve — we have chosen to prioritize other initiatives,” Tether said in a statement.

Tether is known for keeping most of its stablecoin reserves in high risk assets in the past. The company is also accident prone. Over time the quality has improved significantly, but over 15% of its reserves would be considered moderate to high risk.

Instead of becoming MiCAR compliant itself, Tether’s investment arm (with assets separate from the stablecoin) has invested in Quantoz, a company that plans to issue MiCAR compliant US dollar and euro stablecoins. Quantoz will also use Tether’s Hadron tokenization infrastructure.

What about USDT in Europe?
MiCAR came into force for stablecoins at the end of June, but much of the regulations only apply from year end, at which time enforcement actions become a possibility.

The regulations don’t just apply to Euro stablecoins, but other currencies as well. There are caps of €200 million in daily transactions for non euro coins. Given Tether’s USDT sometimes transacts around $100 billion in a day, one might think it would breach these limits.

However, the limits relate to everyday retail transactions. It excludes crypto transactions and all investment transactions and only applies where both the payer and the recipient are within the EU. We previously published a deeper dive into the limits.

Meanwhile, Paxos, the regulated stablecoin issuer has acquired a MiCAR compliant firm, Membrane Finance.

 Newshounds News™

Source:  Ledger Insights

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WHY ISO 20022 IS ABOUT TO REVOLUTIONIZE FEDWIRE PAYMENTS FOREVER  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Wednesday PM 11-27-2024

KTFA:

Clare:  Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan

11/27/2024

The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.

Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.” 

He added: "The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region's oil to refineries."

He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources.

From.. Raghad  LINK

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Clare:  The Iraqi government signs two memoranda of understanding with Arab tourism, consisting of 7 points

11/27/2024

In Wednesday, Iraqi Prime Minister Mohammed Shia al-Sudani sponsored the signing of two memoranda of understanding with the Arab Tourism Organization. His media office said in a statement received by Shafaq News Agency that al-Sudani received today the head of the Arab Tourism Organization affiliated with the League of Arab States, Bandar bin Fahd Al-Fahid, and his accompanying delegation.

The statement added that during the meeting, they discussed areas of joint work to develop the tourism reality in Iraq, in light of the government's plan to develop the tourism reality.

Al-Sudani stressed the importance of enhancing cooperation with the Arab Tourism Organization to support attracting Arab tourism to Iraq, which is rich in religious, archaeological and natural tourism assets.

According to the statement, Al-Sudani sponsored the signing ceremony of two memoranda of understanding for the Arab Tourism Organization; the first with the Ministry of Culture, Tourism and Antiquities, and the second with the International Development Bank for Investment and Finance, which include expanding and developing tourism cooperation in the following areas:

1- Benefit from the agreement signed between the Arab Tourism Organization and the Islamic Development Bank Group, related to the insurance policy to guarantee investment, with the aim of attracting capital to invest in tourism projects in Iraq.

2- Benefit from the programs of the Arab Tourism Organization and its agreements with international companies in the field of technical consultations and studies.

3- Qualifying Iraqi tourist facilities, including hotels, restaurants and cafes, to obtain the quality and ISO mark.

4- Benefiting from the organization’s programs in training and qualifying workers in the tourism sector at the public and private sectors levels to raise the capabilities of its workers.

5- Studying the possibility of opening a regional office for the Arab Tourism Organization in Baghdad to represent the Arab Mashreq region.

6- Benefiting from the Arab Tourist Card project, which will be launched in Baghdad through the organization’s strategic partner; the International Development Bank and Visa International.

7- Implementing rehabilitation programs for Iraqi youth in the field of quality control of tourism and hotel facilities.

LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Article quote: "The objectives of banking reforming Iraq will end with a high integration that achieves competitiveness, homogeneity, compliance and governance within the Iraqi banking market and achieves the integration of the national banking market with the global market."  They haven't ever done that with an exchange rate of 1180, 1166, 1182, 1310, 1450...Never happened.  Then why would they just all of a sudden say, 'Now it's okay'?  ...Integrating Iraq's national banking market system with the global market system in my view will require a real effective exchange rate...

Frank26  What is it that the Central Bank of Iraq needed in order to bring forth a new exchange rate and the lower notes to the citizens?  Security and stability.  That was the key.  You cannot do anything without security and stability...Article quote: "Alaq, the monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate." ...That's a confession...you have stability!

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‘Fiat Is Failing’: Why James Lavish Believes Bitcoin Is the Future of Hard Money

Kitco News:  11-27-2024

Bitcoin is making waves as it approaches $100,000, but according to James Lavish, Managing Partner at the Bitcoin Opportunity Fund, the real story lies in the decline of fiat currencies like the U.S. dollar.

 In this interview Jeremy Szafron, Lavish explains why inflation, debt, and currency debasement are fueling Bitcoin’s meteoric rise. He also breaks down key catalysts ahead, including institutional adoption, regulatory clarity following SEC Chair Gary Gensler’s departure, and the potential impact of pro-crypto policies under a Trump administration.

Lavish delves into Bitcoin’s long-term potential, predicting it could rival gold as a global store of value and surpass $1 million per coin within the next decade.

He also shares insights on MicroStrategy’s bold Bitcoin strategy and what retail and institutional investors should watch for in the rapidly evolving crypto landscape.

Whether you’re a Bitcoin enthusiast or a skeptic, this conversation offers critical insights into the future of digital assets.

00:00 Introduction

 02:45 Gold vs. Bitcoin: Perspectives from the Investment Conference

05:51 Market Cycles and Election Impact on Bitcoin

11:01 Federal Reserve and Economic Policies

17:49 Bitcoin's Market Position and Future Outlook

 18:11 Breaking the 100,000 Barrier

20:18 MicroStrategy's Bold Bitcoin Strategy

22:14 Convertible Bonds and Delta Hedging

26:40 Citron's Short Position on MicroStrategy

28:49 Bitcoin's Future and Market Outlook

 31:47 Bitcoin's Growth Potential

34:20 Wealth Disparity and Asset Accumulation

 35:10 Conclusion

https://www.youtube.com/watch?v=EY33lpmj8UI

Tavi Costa: Gold Bull for Treasury Secretary

Gold Bull for Treasury Secretary

Liberty and Finance:  11-26-2024

In a recent appearance on Liberty and Finance, investment strategist Tavi Costa delivered insight into the potential implications of Scott Bessent’s appointment as Treasury Secretary under Donald Trump.

While initial reactions from the markets have been mixed, with skepticism surrounding Bessent’s credentials and his bullish stance on gold, Costa argues the negative sentiment may misinterpret the broader macroeconomic shifts that could unfold from this pivotal appointment.

Scott Bessent is no stranger to the financial world, having built a reputation through his previous role as Chief Investment Officer for George Soros. His track record shows a keen understanding of global economic dynamics, which Costa views as a considerable asset during a time of uncertainty.

While the markets reacted cautiously to the news of Bessent’s pick, with some market commentators expressing doubt about his market strategies, Costa believes that this skepticism may overlook the strategic implications Bessent’s policies could have on the gold market and the U.S. economy at large.

Bessent’s recent bullish position on gold positions it as his largest investment, which Costa sees as a significant statement amidst growing economic concerns.

In recent years, gold has often been perceived as a safe haven, particularly in times of financial instability and inflationary pressures. Costa contends that Bessent’s bullish outlook could potentially lead to a reevaluation of gold’s role in both investment portfolios and broader monetary policies.

Investors currently overlooking Bessent’s stance may find themselves unprepared for a substantial shift in market sentiment, especially if Bessent were to implement strategies that might encourage further investment in gold.

Beyond gold, Costa underscores the potential for Bessent’s policies to catalyze a realignment of the global monetary system.

 In the backdrop of rising debt levels and unprecedented monetary easing, Bessent’s approach could spell a reassessment of the U.S. dollar’s position as the world’s reserve currency. Costa highlights concerns regarding U.S. dollar devaluation, an eventuality that could arise from continued fiscal and monetary expansion. Bessent’s policy maneuvers, especially if pursued aggressively, could contribute to a significant shift in how the dollar is perceived globally.

Moreover, Costa emphasizes that Bessent’s appointment coincides with a notable shift in the geopolitical landscape. As nations like China and Russia work towards alternatives to the U.S. dollar, Bessent’s leadership could either facilitate the U.S.’s response to these challenges or inadvertently accelerate the decline of dollar supremacy.

His policies may not only affect the U.S. economy but also influence global trade dynamics, prompting countries to reevaluate their currency dependencies.

In conclusion, while the market’s initial skepticism surrounding Scott Bessent’s appointment as Treasury Secretary warrants consideration, Tavi Costa’s analysis presents a compelling case for a more nuanced understanding of its implications.

Bessent’s bullish sentiment toward gold, combined with the potential for a reconfiguration of fiscal and monetary policies, suggests a transformative time ahead.

As stakeholders continue to monitor developments, Costa’s insights remind us that the true impact of Bessent’s stewardship may be far-reaching, extending well beyond the confines of the treasury and into the future of global finance.

https://youtu.be/Y9hnKMEfWfM