Economist’s “News and Views” Tuesday 9-24-2024

Will China and BRICS Nations Destroy the Dollar?

VRIC  Media:  9-23-2024

Welcome to the official VRIC channel. Today, the discussion centers around the increasing momentum toward the de-dollarization of global trade, led by the BRICS nations.

As China, Russia, and other emerging economies strengthen economic ties and finance critical infrastructure projects worldwide, a shift toward a multipolar world is becoming more apparent.

With talks of a gold-backed trade settlement currency on the horizon, the dominance of the U.S. dollar appears increasingly fragile.

The conversation explores the upcoming BRICS summit and speculates on the feasibility of a new currency standard that could redefine global financial power dynamics.

Could we be witnessing the end of dollar hegemony?

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

They Say It’s IMPOSSIBLE For the Dollar to Collapse

Taylor Kenny:  9-24-2024

The truth about your cash's value might shock you. Governments are printing money at will, eroding the wealth you've worked hard to build. Discover why gold and silver are the real stores of value and how to protect your wealth against the ongoing confiscation happening through inflation.

CHAPTERS:

00:00 - The Illusion of Cash Value

00:36 - What the Dollar Lacks

01:16 - Gold: The True Money

01:49 - Government’s Plan for Unlimited Spending

 02:27 - Inflation and Wealth Confiscation

03:46 - Deficit Spending and the Mega-Rich

 04:27 - Protecting Wealth with Gold and Silver

 05:40 - J.P. Morgan’s Warning About True Money

https://www.youtube.com/watch?v=Vr4T6iObf2A

"The FED is Terrified of a Stock Correction" - Mike Maloney & Chris Martenson

9-24-2024

At the Limitless conference, Mike Maloney sits down with Chris Martenson to discuss the real state of the economy and the dangers ahead.

From the Federal Reserve's policies that fuel wealth inequality to the fragility of the markets, they dive deep into why the average person is being left behind while the rich get richer.

Chris shares his insights on why we may already be in a recession, and they both criticize the role of the Federal Reserve in creating economic imbalances.

This eye-opening discussion is a must-watch for anyone who wants to understand how these issues affect not only the economy but also society as a whole.

https://www.youtube.com/watch?v=wu1I6JRFhO0

“Tidbits From TNT” Tuesday 9-24-2024

TNT:

Tishwash:  Removing zeros from the Iraqi dinar is back in the spotlight..Strengthening the currency or just changing its form?

 Talk has returned again about the process of removing zeros from the local Iraqi currency, as the Central Bank of Iraq confirmed that the project to remove zeros from the dinar is subject to continuous review and study.

Countries remove zeros from their currency to revalue their national currency and simplify financial transactions. This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary and more stable.

The central banks of these countries usually issue a new currency, equal in value to one hundred thousand or one million of the old currency, with the old currency gradually being withdrawn from the markets, after a period in which the two currencies are allowed to be used side by side. The most famous countries that have implemented this process, more than once, successfully were Turkey and the former Yugoslavia.

In his statements, Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq, considered that the bank responded to global economic challenges such as rising energy and raw material prices by amending some monetary policies in line with the international situation and to enhance confidence in the Iraqi dinar and prevent a sharp decline in its value.

Al-Alaq pointed out that the Central Bank of Iraq increased its holdings of foreign exchange and gold reserves to strengthen the country's financial position and stability, in order to enhance its ability to confront potential economic crises.

Commenting on this, economic researcher Ali Daadoush said in an interview with Al-Mada, “The process of deleting zeros is linked to the Central Bank of Iraq,” indicating that “the issue is not new and was previously discussed about 14 years ago. “

Daadoush pointed out that "the process of deleting prices is psychological, as the commodity worth a thousand dinars will be worth one dinar and remain at the same value."

The economic researcher pointed out that "removing zeros leads to flexible dealing with the local currency and strengthens it, and may lead to increased production and diversification of the economy, and thus enhance the value of the Iraqi dinar."

For his part, economic affairs expert Mustafa Hantoush said in an interview with Al-Mada, “The issue of removing zeros from the Iraqi currency is only arithmetic and keeps the currency at the same value. That is, when you sell a house for 100 million, it will be sold for 100 thousand.”

Hantoush added that "countries resort to deleting zeros when there is an expansion in the value of the printed currency and problems occur in the book value and accounting entries, for the purpose of restoring accounting balances."

The economic researcher went on to say, “Iraq is currently suffering from problems with the exchange rate,” indicating that “the value of printing and replacing the currency costs Iraq time, effort and millions of dollars.”

Hantoush said, “The situation now requires focusing on how to maintain the value of the Iraqi currency against foreign currencies.”

According to the latest data, the Central Bank of Iraq's foreign reserves cover 83.62% of the broad money supply, which covers the cost of importing 15 months, while the global standard rate is 20%, covering 6 months of importing.

Foreign exchange reserves are a tool used by all central banks to maintain the stability of the local currency exchange rate against foreign currencies, as well as to reduce exposure to external crises by maintaining liquidity in foreign currency to absorb shocks in times of crisis.

The Iraqi currency is under great pressure, which has caused its price to decline against the dollar during the past period, including the increase in the Iraqi budget deficit. Two weeks ago, Mazhar Salih, financial advisor to Iraqi Prime Minister Mohammed Shia al-Sudani, said that Iraq will face a budget crisis in 2025 due to the decline in oil prices, the country's main source of revenue. Salih said in an interview with Reuters: “We do not expect major problems in 2024, but we need stricter financial discipline in 2025.” link

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Tishwaash: Iraq is close to completing its financial transfers electronically.. and the US Treasury reveals its economic growth rate

Prime Minister Mohammed Shia Al-Sudani received yesterday evening, Monday (Baghdad time), US Deputy Secretary of the Treasury Wally Adeyemo, and a number of officials in the Treasury Department.

 According to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}, the meeting witnessed "discussing bilateral economic relations between the two countries in various vital sectors, reviewing the government's efforts and plans for economic and financial reform, the move towards diversifying the sources of Iraqi output, enhancing development targets, and practical measures implemented in the field of combating money laundering."

The Prime Minister stressed that the government has made great strides in the financial and banking reform file, and 95% of bank transfers have been completed through the electronic platform, and less than 5% remains to be completed by the end of this year, after which the transition to the correspondent banking system will take place, in accordance with the government’s approach and its commitment to raising the capabilities of Iraqi banks, in line with international standards and meeting the needs of the thriving investment environment in Iraq.  

For his part, Adeyemo praised the progress witnessed by Iraq in the field of economic and banking reforms that were achieved in record time, and the state of economic growth that reached a total of about 6%, which enhances the government's efforts in development, expressing his readiness to cooperate and work within a bilateral partnership that serves the interests of economic development. link

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Tishwsh: Aramco begins issuing international dollar-denominated sukuk

 Saudi Arabian Oil Company (Saudi Aramco) announced the launch of international dollar-denominated sukuk, starting from today, Tuesday, September 24, 2024, until October 2, 2024.

The minimum subscription is $200,000 and integral multiples of $1,000 in excess of that amount, subject to market conditions.

The nominal value of the offering is $200,000, and the return value and maturity period are determined according to market conditions.

This comes after Saudi Aramco announced its intention to issue international sukuk under the SA Global Sukuk Limited's Trust Certificate Issuance Program.

The company said in a statement on the Saudi Stock Exchange (Tadawul) today, Tuesday, that the sukuk will be denominated in US dollars, and will be direct, priority, unsecured, with a limited right of recourse to the assets, which constitute an obligation on (SA Global Sukuk Limited).

The value of the offering will be determined based on market conditions. The net proceeds will be used for general corporate purposes of Saudi Aramco.

The offering is subject to regulatory approval and will be offered in accordance with Rule 144A/Reg S of the U.S. Securities Act of 1933, as amended.

The FCA and ICMA stability rules will also apply to the offering. An application will be made for the Sukuk to be admitted to the Official List of the FCA and the London Stock Exchange. The Sukuk will also be admitted to trading on the London Stock Exchange.

Saudi Aramco has appointed Al Rajhi Capital, HSBC, First Abu Dhabi Bank, Dubai Islamic Bank PJSC, Standard Chartered Bank, KFH Capital, Goldman Sachs International, J.P. Morgan and Citi as Joint Active Bookrunners to organize a series of fixed income investor meetings commencing on 21 Rabi’ Al-Awwal 1446H (corresponding to 24 September 2024G).

SMBC Nikko, Alinma Investment, Albilad Capital, MUFG, Abu Dhabi Commercial Bank PJSC, POCI Asia Limited, Emirates NBD Capital Limited, Sharjah Islamic Bank, Mizuho and Natixis have been appointed as Joint Bookrunners for the inactive subscribers.

The offering of these international sukuk will be limited to qualified investors in the countries in which the offering will take place, in accordance with the laws and regulations in force in those countries.link

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Mot: No Matter what! - ole ""Earl"" can't get ahead!! –

Mot.. Just Saying ----I phone costs as much as washer and dryer

Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Financial Sustainability

Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Financial Sustainability

MilitiaMan and Crew:  9-23-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=50gCtrRGwak

Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-24-24

Good Morning Dinar Recaps,

RIPPLE VS SEC: JOHN DEATON BRINGS SEC MISCONDUCT TO LIGHT – XRP NEWS

▪️Pro-crypto attorney John Deaton has slammed the US SEC over the Ripple lawsuit.

▪️Deaton demanded damages for the XRP community and called for mass layoffs.

Pro-crypto attorney John Deaton has shed more light on the recently concluded case between the US Securities and Exchange Commission (SEC) and Ripple Labs Inc. According to the latest development, Deaton has accused SEC lawyers of intentional misconduct.

John Deaton Accuses SEC of Misconduct
In a recent YouTube interview, Deaton said the SEC exhibited serious misconduct by claiming that XRP is a security. This take comes as the US SEC recently apologized for the confusion caused by using the term “crypto asset securities.”

However, Deaton says the Ripple vs SEC case wasted money, capital, and energy. He said XRP immediately lost $15 billion, and people were liquidated when the markets regulator initiated the lawsuit.

“You shouldn’t be liquidated because of government overreach because the government and these unelected bureaucrats are doing what they are doing,” says Deaton.

According to him, Ripple spent over $100 million on defense. Deaton stated that he and XRP community members demanded that the SEC remove the “XRP is a security” language to resolve the case. He claims the SEC refused and even attacked him.

As a result, he said the SEC’s apology cannot be accepted and claims the lawsuit was intentional misconduct by its lawyers.

“People should be fired, they should lose their jobs if they were in the decision-making process,” Deaton stated.

He added that Ripple and the XRP community deserve compensation for the extensive litigation and expense over the SEC misconduct. Before the interview, Deaton wrote in an X post that the SEC’s crypto overreach has cost retail investors $15 billion. Deaton’s comments resonated with many XRP investors, even beyond the community, fueling ongoing discussions.

Is an Appeal Imminent?
His comments come as discussion grows over whether the SEC will appeal the Ripple decision. As mentioned in our earlier post, former SEC attorneys Marc Fagel and James Farrell are confident that the SEC will file an appeal. Attorney Fred Rispoli added that the SEC is still undecided and may wait until the last minute to make an appeal announcement.

However, Ripple’s Chief Legal Officer Stuart Alderoty confirmed that Ripple does not intend to appeal. He said Ripple had obtained a stay order on a $125 million penalty pending further proceedings.

Meanwhile, investor caution and market volatility could continue to impact XRP negatively if the case drags on. At press time, XRP is trading at $0.5883, down by 0.71% in the past 24 hours. The 24-hour trading volume decreased by 15.5% to $938 million, indicating reduced investor interest.

Despite current challenges, analysts predict a positive breakthrough for XRP as Ripple prepares for the Ripple Swell 2024 event. Another development that could push XRP higher is Ripple’s participation in Project Agora. As CNF noted earlier, this project, led by the Bank of International Settlements (BIS), will help boost Ripple’s global influence.

@ Newshounds News™

Source:  Crypto News Flash

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SEC CHAIR GARY GENSLER ADDRESSES CONGRESS ON CRYPTOCURRENCY REGULATION

▪️Gary Gensler will testify before Congress regarding SEC's cryptocurrency policies.

▪️His leadership faces scrutiny from both parties amid upcoming elections.

▪️The SEC's stance on crypto continues to draw significant criticism.

On Thursday at 18:40, Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), will testify before Congress. The cryptocurrency market is focused on Gensler’s upcoming statements and his aggressive stance on altcoins, as the SEC faces increasing scrutiny.

Gensler to Speak Before Committees
On September 24 and 25, Gensler will appear before the Financial Services Committee and the U.S. Senate Banking Committee. His leadership has been under intense review from both partisan and political perspectives, making his statements highly anticipated. Republican committee members have criticized the SEC’s negative stance on cryptocurrencies for years, which has highlighted the Democrats’ anti-crypto position.

As the upcoming presidential elections approach, it is expected that lawmakers will press Gensler on cryptocurrency regulations and the handling of fraud cases such as FTX and Terra. Meanwhile, Coinbase‘s legal counsel received significant backlash for criticizing the SEC’s claims about “crypto asset securities.”

Gensler’s Supporters Decline
Ron Hammond, Director of Government Relations at the Blockchain Association, states that Gensler will face tough questions from both parties. Hammond noted that this session will differ from previous ones.

“Gensler has fewer allies this time; many are dissatisfied with the agency’s recent crypto approach.” – Ron Hammond

This marks the first time Gensler will testify alongside other SEC Commissioners, adding to the significance of the sessions. 

While Democratic leaders are expected to defend their policies, Republicans may question the agency’s direction, potentially aiding their electoral efforts by appealing to cryptocurrency investors.

Under Gensler’s leadership, the SEC continues to face heavy criticism from the crypto community and lawmakers. Recent examples include sharp critiques from House Majority Leader Tom Emmer and Financial Services Committee Chairman Patrick McHenry regarding the SEC’s classification of crypto airdrops as securities.

The timing of Gensler’s testimony adds fuel to the debate, as he has faced frequent criticism from courts and Congress over the SEC’s aggressive enforcement tactics. Additionally, former President Donald Trump has stated that he would remove Gensler if he wins the upcoming elections.

Gensler’s testimony in Congress could hold critical importance for cryptocurrency regulations and the SEC’s future policies. Market participants and investors are closely monitoring the outcomes of these sessions.

@ Newshounds News™

Source:  Coin-Turk

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TALIBAN INVITE TO BRIC? WHAT?  |  Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team Currency Facts   

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Jim Rickards: This is MONUMENTAL! Nobody is PREPARED for What's Coming  |  Youtube

@ Newshounds News™

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Iraq Economy News and Points To Ponder Monday Evening 9-23-24

The Ministry Of Oil Announces Achieving Self-Sufficiency In Gas Oil And Kerosene

Monday 23 September 2024 20:22 | Economic Number of readings: 188

Baghdad / NINA / The Ministry of Oil announced today, Monday, achieving self-sufficiency in gas oil and kerosene. The Undersecretary of the Ministry of Oil for Refining Affairs, Hamid Younis, said in a statement:

 "The ministry is keen to achieve self-sufficiency in petroleum products of all kinds in support of the national economy," stressing that "this comes in implementation of the decisions of the government program, and the directives of the Deputy Prime Minister for Energy Affairs and Minister of Oil."

He added, "The ministry has achieved self-sufficiency in the production of gas oil (kerosene) and kerosene, and stopped importing them.

The ministry was also able to reduce the quantities of imported gasoline to low levels, compared to the quantities that were being imported, and thus the amounts of money that were spent on import were reduced."

He explained that "the ministry is working to achieve self-sufficiency in gasoline production through the projects being implemented in the refining sector, which will be completed in the coming months."

He pointed out that "the achievements in the field of increasing production capacities in the refining and refining sector were achieved through the implementation of projects within a short period," noting that "the ministry is determined to increase the capacities of petroleum products to support and develop the economy." https://ninanews.com/Website/News/Details?key=1156864

Oil Prices Rise Slightly

Economy  | 07:46 - 09/23/2024  Mawazine News – Baghdad   Oil prices rose slightly in early trade on Monday, supported by concerns that conflict in the Middle East could hit supplies from a key producing region and expectations that last week's U.S. interest rate cut will support demand.

Brent crude futures for November delivery were up 20 cents, or 0.3 percent, at $74.69 a barrel by 0045 GMT. U.S. West Texas Intermediate (WTI) crude futures for November delivery rose 22 cents, or 0.3 percent, to $71.22.

Both benchmarks had risen in the previous session, supported by lower U.S. interest rates and lower U.S. supplies in the wake of Hurricane Frances. On Wednesday, the Federal Reserve cut interest rates by half a percentage point, a bigger drop in borrowing costs than many had expected.

Rate cuts typically boost economic activity and energy demand, but analysts and market participants are concerned that the central bank could see a slowdown in the labor market. https://www.mawazin.net/Details.aspx?jimare=255275

Central Bank Sells Over $254 Million In Auction Today

Banks  Economy News – Baghdad  The Central Bank of Iraq announced today, Monday, its sales of hard currency, which amounted to more than $254 million in today's transactions, according to the official price of 1310.

The bank's data showed that the total internal cash withdrawals amounted to $12,250,000, while the total amounts of transfers abroad, including remittances and credits, amounted to $242,320,185, while the total sales amounted to $254,570,185. https://economy-news.net/content.php?id=47913

International Praise For The Central Bank Of Iraq: A Model For Developing Strategies That Serve The Development Of The Banking Sector

Banks   Economy News – Baghdad  The Regional Director for the Kingdom of Saudi Arabia, Lebanon and Iraq at the International Finance Corporation (IFC), Fawaz Al-Balbeisi, confirmed today, Monday, that Iraq is one of the first countries to adopt a comprehensive approach to governance and environmental and social accountability, noting that the Central Bank of Iraq is a model for developing strategies that serve the development of the banking sector.

Al-Balbeisi said in a speech during the launch ceremony of the Financial Sustainability Map Project and the Environmental, Social and Corporate Governance Guide for Banks, that “Iraq has provided humanity with justice and law, and it is not surprising that it is one of the first countries to adopt a comprehensive approach to environmental and social governance and accountability,”

 indicating that “this new achievement comes as a result of the strategic partnership between the International Finance Corporation and the Central Bank of Iraq in cooperation with the Kingdom of the Netherlands and our joint efforts to develop an advanced Iraqi banking sector that contributes to Iraq’s sustainable future.”

He added that “the achievements that we celebrate today are a very important step for the Iraqi banking sector towards establishing sound practices of environmental, social and corporate governance standards that are consistent with international standards and rules, where they are not just a reference framework for celebration, but rather a systematic approach achieved by the banking sector,”

noting that “environmental and governance standards have changed the environment and governance of the institution, and are a standard for professional excellence and have become a basic requirement for managing and reducing risks and thus financial sustainability and business prosperity.”

He continued: "Today, this event gains great importance in light of Iraq's confrontation with the challenges led by climate change, which requires approximately $233 billion until 2040 to respond to the development gaps necessary to move towards sustainable economic paths."

He continued, "Environmental, social and corporate governance responsibility is not only a statement of transparency, accountability and fairness, but also essential components of responsible investment strategies committed to sustainable practices and ethical standards in all financing and investment decisions.

The Iraqi banking sector represents the provision of the necessary financing to meet its nationally defined goals in Iraq, and all of this highlights the importance of the role of the Central Bank, led by Ali Al-Alaq, in achieving this goal."

He pointed out that "with the development of the banking, financial and operational sector's capabilities over the past years, this achievement is complementary to other initiatives led by the Central Bank, the latest of which was the launch of the national strategy last May."

He pointed out that "the Central Bank is a model in developing strategies that serve the development of the banking sector in a way that reflects positively on the external view of the banking system and makes it a tributary that enhances sustainable development in Iraq," expressing his "thanks to the government of the Kingdom of the Netherlands for their support in reaching this achievement and to the Central Bank team and the International Finance Corporation whose tireless work enabled us to reach this achievement."  https://economy-news.net/content.php?id=47912

Iraq Announces Roadmap For Financial Sustainability Of Banking Sector

Economy  | 09/23/2024   Mawazine News – Baghdad  The Governor of the Central Bank, Ali Al-Alaq, announced today, Monday, a roadmap for the financial sustainability of the Iraqi banking sector, while indicating that this map is part of the efforts to upgrade the banking sector.

Al-Alaq said in a speech during the launch ceremony of the Financial Sustainability Map Project and the Environmental, Social and Governance Standards Guide for Banks:

“Today, we are addressing an important and fundamental aspect in developing the banking sector in Iraq, as the term environmental, social and governance standards has witnessed turbulent growth since its first launch in 2005,”

indicating that “the environmental aspects and the response related to climate change are major factors driving the development of environmental, social and governance standards, in addition to the growing importance of other basic elements, especially social ones.”

He added, “If these standards are important for any economic entity or company, regardless of its activity, mission and products, then their importance to the financial sector is a matter of utmost importance, given the significant impact that social and environmental changes have on the reality of this sector and what is required to manage it according to regulatory, supervisory and technical rules that avert risks to ensure the rights of shareholders and stakeholders within a framework of transparency and disclosure,

and above all, contribute to achieving financial stability, the repercussions of crises are reflected in the economic and social environment and general stability, just as the environmental and social repercussions are reflected in stability.”

 He stated, “We are pleased to announce a roadmap for financial sustainability.”

For the banking sector in Iraq for the years 2023 to 2029 and social and institutional standards," noting that "this project is part of the ongoing efforts made by the Central Bank of Iraq to advance the banking sector based on international best practices as well as keeping pace with developments in the banking industry." He stated that "with this announcement, the Central Bank of Iraq is the first in the region to implement this guide."

 Al-Alaq praised "the role played by international experts in the International Finance Corporation, affiliated with the World Bank Group, and their effective contribution in preparing the roadmap for financial sustainability for the banking sector in Iraq," appreciating "the effective and ongoing partnership and fruitful cooperation with the institution."

He thanked "the fruitful and distinguished efforts of the Central Bank's work team as well as the support provided by the Kingdom of the Netherlands in this framework to push towards helping Iraq implement these important and necessary programs."   https://www.mawazin.net/Details.aspx?jimare=255289

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

Seeds of Wisdom RV and Economic Updates Monday Evening 9-23-24

Good Evening Dinar Recaps,

TURKEY TENDS TO VIEW BRICS AS A POLITICAL TRUMP CARD AGAINST THE WEST — EXPERT

Turkish economist Bartu Soral noted that when looking at "the global distribution of power, it is clear that huge changes have occurred since the early 2000s"

ANKARA, September 23. /TASS/. Turkey's interest in BRICS has economic considerations, but purely political motives are also strong, Bartu Soral, one of the country’s leading economists, said in an interview with TASS.

"The decline of the West's dominance in the international system brings BRICS to a leading position in production and export. In this context, Turkey values its relations with the Turkic countries and with Russia, which is active in the region. There are many points of contact here.

Nevertheless, I think that the interest in BRICS declared by the Turkish government is an attempt to gain a trump card against the West and has political motives," he believes.

The expert noted that when looking at "the global distribution of power, it is clear that huge changes have occurred since the early 2000s. The G7 countries used to dominate, while today, for example, the EU and Japan have lost power."

"On the contrary, the BRICS countries are leaders in global exports and production. China has acquired significant production and technological power, including thanks to its excellent education system. Russia is strong in the defense industry. Brazil ranks second in the world in food exports. The Anglo-Saxons, who dominated in the 1990s, are losing ground," Soral noted.

Touching upon Turkey's political motives, the economist noted that BRICS is an economic association that needs to be approached in this spirit.

"We need a national program, a roadmap for interaction with BRICS, a production program in various industries in the context of the BRICS economy. Personally, I do not see such plans from the government and I think that Turkey's application does not have a serious economic basis," the economist believes.

Earlier, Turkish Foreign Minister Hakan Fidan said that Ankara was assessing its participation in BRICS from the point of view of economic cooperation opportunities, but said that "the association itself is currently searching for an identity, options for institutionalization" and therefore it is difficult to say to what point the republic's interaction with BRICS may reach.

 Nevertheless, Fidan noted that "if Turkey's integration with the EU had ended with full membership in the union, then perhaps Turkey would not be looking for other options on many issues.".

@ Newshounds News™

Source:  TASS

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QATAR LAUNCHES DIGITAL ASSETS LAB

Last week the Qatar Financial Centre (QFC) unveiled the first participants in its Digital Assets Lab, “powered” by the Qatar Central Bank. The QFC avoided using the term sandbox, although the Lab’s aims sound similar, but broader. 

The goal is to encourage innovation and development in the distributed ledger technology (DLT) space. Plus, it provides regulatory support and is one of the pathways for landing a license to operate in Qatar.

It follows the recent launch of Qatar’s Digital Asset Regulations at the start of the month.

The creation of the Lab involved partnering with Google Cloud, local bank Masraf Al Rayan, The Hashgraph Association (THA) and enterprise blockchan firm R3.

“As the base product for the QFC ecosystem, R3’s Corda will power tokenization projects across Qatar’s financial industry, supporting the issuance, transfer, and redemption of digital assets,” said R3’s CEO David E Rutter.

However, some applications are likely to be deploy on the public Hedera DLT. In May the affiliated Hashgraph Association (THA) announced a $50 million Digital Assets Venture Studio in Qatar which is part of the Lab.

THA is planning to work in five areas:

▪️Equity Tokenization
▪️Sukuk (Islamic Bonds) Tokenization
▪️Real Estate Tokeniszation
▪️Sustainability/ESG – Carbon Credits
▪️Consumer engagement and loyalty programs

The Middle East is becoming a hotbed for tokenization, with multiple regulatory enclaves within the UAE alone, never mind Saudi, Qatar and elsewhere. Qatar’s banking sector is already internationally diversified, with around 30% of deposits from foreigners.

The Qatar Central Bank, which is involved in the Digital Assets Lab, completed its central bank digital currency infrastructure in June.

Digital Assets Lab participants
The Digital Assets Lab isn’t purely for new startups. We’ve regularly covered several of the participants, including Partior, Polygon, Settlemint, Taurus and Citi-backed xalts.

The full list of initial participants are: AISCIA, ALT DRX, arca-x, AssetShare, Audtye, Blade Labs, BlockStead, DMZ, evergon, Finrock, Falcon Nest Labs, itoo technologies, mintus, oori, Partior, Polygon, PropTech, ScieNFT, SettleMint, SidraChain, Skargard, Taurus, xalts, and Verity.

@ Newshounds News™

Source:  Ledger Insights

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Telegram may hand over user data of rule violators to authorities

The Telegram team has removed all problematic content from there in recent weeks, Pavel Durov said, without giving any details

MOSCOW, September 23. /TASS/. Telegram co-founder Pavel Durov said that the messenger can disclose user IP addresses and phone numbers in response to legitimate requests from the relevant authorities. He clarified that this measure concerns violators of Telegram rules and is being introduced to deter criminals from abusing the messenger's internal search function.

"We have clarified that the IP addresses and phone numbers of those who violate our rules can be disclosed to the relevant authorities in response to justified legal requests," Durov said, specifying that Telegram has updated its terms of service and privacy policy, bringing them to uniformity worldwide.

As Durov explained, some users were abusing Telegram’s search function to sell illegal goods. The Telegram team has removed all problematic content from there in recent weeks, he said, without giving any details.

"Over the past few weeks, a special team of moderators has used artificial intelligence to make the Telegram search much safer. All problematic content that we identified in search is no longer available," Durov said. He also called on users to report illegal content.

@ Newshounds News™

Source: TASS

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Who Are These Mysterious People? Discover The Power Of Discernment  |  Youtube

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Source: Seeds of Wisdom Team Currency Facts 

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Seeds of Wisdom RV and Economic Updates Monday Afternoon 9-23-24

Good Afternoon Dinar Recaps,

HONG KONG MONETARY REGULATOR LAUNCHES SECOND PHASE OF CBDC PROJECT

The HKMA has engaged 11 firms for advanced e-HKD+ digital currency trials, so far.

The Hong Kong Monetary Authority (HKMA) has announced the launch of the second phase of its central bank digital currency (CBDC) pilot program, known as e-HKD, according to a Sept. 23 statement.

The second phase will delve into advanced use cases for digital money, emphasizing e-HKD and tokenized deposits for individuals and businesses. The first phase focused on testing CBDC applications in domestic retail payments, offline transactions, and the settlement of tokenized assets.

The HKMA stated that the initiative has evolved from its original e-HKD focus and is now rebranded as Project e-HKD+ to align with the changing fintech landscape.

e-HKD Applications
The HKMA has engaged 11 firms from various sectors to investigate e-HKD applications in three main areas, including tokenized asset settlement, programmability, and offline payments.

Some of the participants reportedly involved in phase 2 include ANZ, Airstar Bank, Aptos Labs, BlackRock, Bank of Communications (Hong Kong), ChinaAMC, China Mobile, DBS, Fidelity International, Kasikornbank, and Sanfield.

The HKMA stated that these firms will evaluate the commercial viability of new digital money forms within real-world settings, aiming to enhance accessibility for individuals and corporations.

The results of Phase 2 will provide insights into the practical challenges of creating a digital money ecosystem that integrates both publicly and privately issued digital currencies. Project e-HKD+ will further develop the necessary technology and legal framework to support potential future issuance of e-HKD for both individuals and businesses.

To foster collaboration, the HKMA will establish the e-HKD Industry Forum. This platform will enable participating institutions to discuss common challenges and explore the scalable implementation of new digital money forms. Industry-led working groups will address specific topics, initially focusing on programmability.

Similar to Phase 1, an e-HKD sandbox will be available for pilot participants to facilitate prototyping, development, and testing of use cases. During Phase 2, the HKMA will collaborate closely with the selected firms over the next 12 months to share key findings with the public by the end of next year.

HKMA chief executive Eddie Yue stated:

“Project e-HKD+ signifies the HKMA’s commitment to digital money innovation.  The e-HKD Pilot Programme has provided a valuable opportunity for the HKMA to explore with the industry how new forms of digital money can add unique value to the general public.  The HKMA will continue to adopt a use-case driven approach in its exploration of digital money.”

@ Newshounds News™

Source:  CryptoSlate

~~~~~~~~~

RIPPLE VS SEC: IS THE SEC PREPARING A LAST-DITCH APPEAL?

▪️Legal experts believe the SEC will file an appeal, but the regulator remains undecided, creating uncertainty for XRP.

▪️Ripple is confident in its legal position, and analysts foresee a potential bullish breakout for XRP despite the looming appeal.

Following the development of the SEC’s appeal against Ripple, CNF highlighted its effect has put the XRP community on edge, current updates in the ongoing Ripple vs. SEC lawsuit suggest that an appeal from the U.S. Securities and Exchange Commission (SEC) is expected. According to legal experts, the SEC seems poised to challenge Judge Torres’ rulings on the XRP case.

As shared on his X account, former SEC attorneys Marc Fagel and James Farrell have expressed confidence that the SEC will file an appeal, emphasizing that not doing so would reflect poorly on the regulator. The SEC has two weeks left before the deadline to submit the appeal.

As the deadline approaches, the XRP community is growing anxious. Attorney Fred Rispoli speculates that the SEC remains undecided about the appeal and could wait until the last minute to make an announcement. 

Meanwhile, Ripple’s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have confirmed that Ripple does not plan to appeal and has secured a stay order on a $125 million penalty until further proceedings.

Interestingly, recent SEC actions in the Binance case suggest the agency may not appeal Judge Torres’ ruling regarding XRP’s programmatic sales, where the judge stated that buyers in programmatic sales were no different from secondary market purchasers.

XRP Price Surges Despite Legal Uncertainty
However, the trading volume has dropped by 25%, hinting at decreased activity among traders. Analysts are predicting a potential bullish breakout for XRP as Ripple prepares for its Ripple Swell 2024 event. The possibility of an SEC appeal could push XRP beyond its current $0.65 resistance level.

As of today, Ripple (XRP) is trading at $0.5897, with a loss of 1.09% in the past day and a 4.92% increase over the past week. See XRP price chart below.

@ Newshounds News™

Source:  Crypto News Flash 

~~~~~~~~~

CARDANO FOUNDER RESPONDS AS DEVELOPER INTRODUCES BITCOIN TO CARDANO BRIDGE

Cardano’s Charles Hoskinson reacts with surprise as a Bitcoin developer unveils a seamless bridge between Bitcoin and Cardano apps.

A Bitcoin developer, known as elraulito, has announced a breakthrough in blockchain interoperability, revealing a seamless bridge between Bitcoin and Cardano applications.

The developer showcased a smart contract on Plutus V3, allowing Bitcoin wallets to interact directly with Cardano’s ecosystem. This enables users to send ADA, manage tokens, and stake in Cardano pools without requiring a new wallet.

Notably, Cardano founder Charles Hoskinson reacted with surprise as the innovation could mark a new phase in cross-chain connectivity.

Smart Contract Capabilities Explained
The developer detailed how the smart contract was built using a combination of tools and protocols. Notably, the contract employs aiken, a Cardano smart contract language, and CIP69, which enhances the address’s programmability.

A multivalidator enables transactions, delegations, and reward withdrawals, while MeshJS manages off-chain transactions. Mesh, an open-source library, supports Web3 app development and currently offers one of the few implementations compatible with Plutus V3.

This bridge allows Bitcoin users to engage in Cardano’s ecosystem without additional software, providing a straightforward onboarding process. As the developer noted, these capabilities could potentially extend to every EVM chain, broadening blockchain usability and functionality.

Community Reactions and Technical Insights
The announcement generated questions among enthusiasts, eager to understand the mechanics and applications of the new bridge.

One user asked how Cardano actions could be sent from a Bitcoin wallet, to which the developer responded that Bitcoin users can sign Cardano actions from their existing wallets.

If the signature is verified, the action is executed by Cardano nodes. This functionality opens doors to onboarding users from outside the Cardano ecosystem, facilitating interactions like airdrops and liquid staking without changing wallets.

Further discussions focused on the validation process. The contract validates the signature by checking the UTXO, receiver, amount, and asset details against its outputs. This validation ensures that transactions align with predefined rules set within the smart contract, providing secure cross-chain operations.

@ Newshounds News™

Source:   The Crypto Basic

  ~~~~~~~~~

BRICS News:

THE TALIBAN MOVEMENT SUBMITS APPLICATION TO ATTEND THE BRICS SUMMIT IN KAZAN

Representatives of the Taliban movement have sent an application to Moscow to attend the BRICS summit which is being held Kazan, the capital of Russia’s Tatarstan Republic on October 22-24, RIA Novosti reported on September 21.

As it has become known, the Taliban want to be represented at the BRICS summit by the acting deputy prime minister of the country, the head of the political wing of the Taliban terrorist movement, Abdullah Ghani Baradar.

"We express our interest in the participation of a high-level delegation in the summit, in particular, Deputy Prime Minister of Afghanistan Abdul Ghani Baradar, as well as myself along with other participants," says an application sent by Nooriddin Azizi, the Taliban’s acting Minister of Commerce and Industry, to Yuri Ushakov, the Aide  to Russian President.  

BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. 

Originally identified to highlight investment opportunities, the grouping evolved into an actual geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies since 2009.  Bilateral relations among BRICS are conducted mainly based on non-interference, equality, and mutual benefit.

The founding countries of Brazil, Russia, India, and China held the first summit in Yekaterinburg in 2009, with South Africa joining the bloc a year later.  Iran, Egypt, Ethiopia, and the United Arab Emirates joined the organization on January 1, 2024. 

Saudi Arabia is yet to officially join, but participates in the organization's activities as an invited nation.  BRICS is an informal group of countries that includes Russia, Brazil, India, China, and South Africa.

@ Newshounds News™

Source:  Asia-Plus

~~~~~~~~~

BREAKING NEWS Israel Intercepts Missiles from Iraq  |  Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team Currency Facts 

~~~~~~~~~

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“Iraq at the UN” News Posted by Clare at KTFA 9-23-2024

KTFA:

Clare:  Prime Minister: We are working to support investments that aim to diversify the economy away from oil

9/22/2024

Prime Minister Mohammed Shia Al-Sudani said that we are working to support investments that aim to diversify the economy away from oil, while focusing on the role of the private sector in providing job opportunities.

The Prime Minister stressed in his speech at the Future Summit on Confronting Future Challenges, which is being held on the sidelines of the 79th session of the United Nations General Assembly in New York: The need to give Iraq priority in climate financing as it is one of the most affected countries, and we have begun implementing our commitments stipulated in the National Contributions Document.

The Prime Minister also stressed the keenness to provide incentives to the private sector and invest in renewable energy projects, which reduces our dependence on fossil fuels and contributes to a more sustainable future.    LINK

************

Clare:  Prime Minister meets Kenyan President in New York

9/22/2024  Baghdad

Prime Minister Mohammed Shia Al-Sudani stressed the need to enhance mutual diplomatic representation between Iraq and Kenya.

The Prime Minister's media office stated in a statement received by Mawazine News that "Prime Minister Mohammed Shia Al-Sudani received at his residence in New York, today, Sunday, the President of the Republic of Kenya, William Ruto, on the sidelines of his participation in the 79th session of the United Nations General Assembly.

 During the meeting, they discussed bilateral relations between the two countries, supporting their frameworks in many fields, ways to consolidate joint cooperation, and everything that would enhance the interests of their peoples. The two sides also discussed the file of Kenyan workers in Iraq."

The Prime Minister referred to "the foundations of the relationship between Iraq and Kenya, which date back decades," stressing "the need to enhance mutual diplomatic representation and develop the level of fruitful economic partnership."

For his part, the Kenyan President praised "Iraq's pivotal role in the region and its efforts to enhance security and stability in it. He also expressed his country's desire to build the best relations between the two friendly countries in the economic and trade fields."

At the end of the meeting, the two sides exchanged official invitations to visit both countries, in order to develop bilateral relations at various levels and fields.  LINK

************

Clare: International Praise for the Central Bank of Iraq: A Model for Developing Strategies that Serve the Development of the Banking Sector 

9/23/2024  Baghdad

The Regional Director for the Kingdom of Saudi Arabia, Lebanon and Iraq at the International Finance Corporation (IFC), Fawaz Al-Balbeisi, confirmed today, Monday, that Iraq is one of the first countries to adopt a comprehensive approach to governance and environmental and social accountability, noting that the Central Bank of Iraq is a model for developing strategies that serve the development of the banking sector. 

Al-Balbeisi said in a speech during the launch ceremony of the Financial Sustainability Map Project and the Environmental, Social and Corporate Governance Guide for Banks, that “Iraq has provided humanity with justice and law, and it is not surprising that it is one of the first countries to adopt a comprehensive approach to environmental and social governance and accountability,” indicating that “this new achievement comes as a result of the strategic partnership between the International Finance Corporation and the Central Bank of Iraq in cooperation with the Kingdom of the Netherlands and our joint efforts to develop an advanced Iraqi banking sector that contributes to Iraq’s sustainable future.”

He added that “the achievements that we celebrate today are a very important step for the Iraqi banking sector towards establishing sound practices of environmental, social and corporate governance standards that are consistent with international standards and rules, where they are not just a reference framework for celebration, but rather a systematic approach achieved by the banking sector,” noting that “environmental and governance standards have changed the environment and governance of the institution, and are a standard for professional excellence and have become a basic requirement for managing and reducing risks and thus financial sustainability and business prosperity.”

He continued: "Today, this event gains great importance in light of Iraq's confrontation with the challenges led by climate change, which requires approximately $233 billion until 2040 to respond to the development gaps necessary to move towards sustainable economic paths."

He continued, "Environmental, social and corporate governance responsibility is not only a statement of transparency, accountability and fairness, but also essential components of responsible investment strategies committed to sustainable practices and ethical standards in all financing and investment decisions. The Iraqi banking sector represents the provision of the necessary financing to meet its nationally defined goals in Iraq, and all of this highlights the importance of the role of the Central Bank, led by Ali Al-Alaq, in achieving this goal."

He pointed out that "with the development of the banking, financial and operational sector's capabilities over the past years, this achievement is complementary to other initiatives led by the Central Bank, the latest of which was the launch of the national strategy last May."

He pointed out that "the Central Bank is a model in developing strategies that serve the development of the banking sector in a way that reflects positively on the external view of the banking system and makes it a tributary that enhances sustainable development in Iraq," expressing his "thanks to the government of the Kingdom of the Netherlands for their support in reaching this achievement and to the Central Bank team and the International Finance Corporation whose tireless work enabled us to reach this achievement."  LINK

************

Clare: Prime Minister invites Secretary-General of Digital Cooperation Organization to visit Iraq

9/22/2024  Baghdad - WAA

Prime Minister Mohammed Shia Al-Sudani extended an invitation to the Secretary-General of the Digital Cooperation Organization, Dima Al-Yahya, to visit Iraq.

The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA), that "Prime Minister Mohammed Shia Al-Sudani received yesterday evening, Sunday, Baghdad time, the Secretary-General of the Digital Cooperation Organization, Dima Al-Yahya, on the sidelines of his participation in New York in the 79th session of the United Nations General Assembly."

At the beginning of the meeting, the Prime Minister expressed his "thanks for Dima Al-Yahya's serious efforts and interest in Iraq's accession to the organization, which represents a personal interest for him, with what the organization can provide in terms of expertise, skills, training, and codification of laws and rules for all digital businesses, most notably digital trade and how to activate and benefit from it." 

The Prime Minister stated that "a higher committee for digital transformation in Iraq has been formed, headed by the Prime Minister, and the committee will develop a comprehensive strategy for digital businesses and artificial intelligence, in line with Iraq's ambitions and international requirements in the field of digital transformation, extending an official invitation to Al-Yahya to visit Iraq."
For her part, Al-Yahya welcomed "Iraq's approval to join the Digital Cooperation Organization, as there are multiple action plans and programs that will soon see the light in Iraq after it signs the organization's charter, and she stressed that Iraq will be one of the countries that benefit from the transfer of skills and training."  LINK

************

Clare:  Prime Minister: Committed to supporting multilateralism in addressing global challenges

9/22/2024  Baghdad

Prime Minister Mohammed Shia Al-Sudani affirmed, on Sunday, the commitment to work with the international community to find common solutions and cooperate in building a better and more sustainable future for all, while calling for strengthening international cooperation in the fields of land, maritime, cyber, and outer space security, in order to ensure comprehensive security.

The Prime Minister's Media Office stated in a statement, which was reviewed by "Al-Eqtisad News", that the Prime Minister participated in the Future Summit held in New York on the sidelines of the 79th session of the United Nations General Assembly.

He pointed out that "the summit aims to enhance cooperation on key challenges, bridge gaps in global governance, reaffirm existing commitments to the Sustainable Development Goals (Global Goals) and the United Nations Charter, and lay the foundations for more effective global cooperation that can deal with today's challenges and any new threats that may arise in the future."

He explained that "the Prime Minister delivered Iraq's speech at the summit, during which he stressed the pursuit of serious steps towards achieving sustainable development and effectively responding to the goals of the National Development Plan (2024-2028), by adopting comprehensive strategic reforms." 

The following are the most prominent points made in the Prime Minister's speech at the Future Summit:

• We are working to enhance economic reform and improve the conditions of the most vulnerable groups.

• We have adopted a strategy that advances vulnerable groups in terms of social justice, and builds human resource capacities through developing education and health, and caring for youth and women.

• Committed to establishing the concepts of climate justice, especially in combating drought and desertification and ensuring the sustainability of water resources and food security.

• Confronting climate challenges requires effective international cooperation within the framework of the United Nations Framework Convention and the Paris Agreement.

• We stress the need to give Iraq priority in climate finance, as it is one of the most affected countries, and we have begun implementing our commitments set forth in the National Contributions Document.

• We support investments aimed at diversifying the economy away from oil, with a focus on the role of the private sector in providing job opportunities.

• Sustainable development requires ambitious investments, and we are keen to provide incentives to the private sector and invest in renewable energy projects.

• We strengthen our international relations on the basis of mutual respect and common interests, and commitment to the principle of not allowing our territories to be used to attack other countries.

• We support all efforts to promote human rights and involve civil society organizations in achieving development goals.

• Achieving peace requires a joint international effort, and diplomacy and dialogue are key to achieving stability.

• We call for strengthening international cooperation in the areas of land, maritime, cyber, and outer space security, to ensure comprehensive security.

• Science and technology are the basis of sustainable development, and we are working to transition to a digital economy and provide an integrated database to support decision-making.

• We seek to enhance international cooperation in the field of technology transfer and capacity building, while supporting Iraqi inventors in every forum.

• We encourage scientific research in clean oil and gas technologies, and work to enhance technical education to provide young people with the skills required for the modern labor market.

• Enhancing international cooperation is essential to ensure that countries have access to the necessary tools and capabilities to benefit from artificial intelligence in a responsible and ethical manner.

• We emphasize the importance of adopting clear strategies for using artificial intelligence safely and responsibly to serve humanity.

• We seek to provide a supportive environment for youth by holding workshops to enhance their role in development.

• We are keen to provide advanced educational opportunities and training programs, and cooperate with the United Nations to develop indicators to measure youth development.

• We call for reforming international institutions to enhance their representation and ability to address global challenges.

• We are committed to public sector governance, combating corruption, removing obstacles to private sector growth, and focusing on accelerating digital transformation and activating laws to hold violators accountable.

• Iraq is committed to working with the international community to find common solutions, and our cooperation will contribute to building a better and more sustainable future for all.

• We stress the need to end the ongoing aggression on Gaza and Lebanon, and work to establish security and stability in the region and the world.  LINK

Economist’s “News and Views” Monday 9-23-2024

Last Time Fed Cut 50 bps Was The Start Of The Great Financial Crisis

Arcadia Economics:  9-23-2024

The markets are cheering that the Federal Reserve is once again back to lowering interests rates, and at a faster than expected pace.

 But the history of the beginning of new rate cutting cycles shows that all might not be so easily fixed. Especially when we look back to the last 50 basis point cut, which was delivered right as the Great Financial Crisis really began to accelerate.

So Vince Lanci looks through what's happened in the past, and compares that to the situation we face today. And to find out more, click to watch the video now!

https://www.youtube.com/watch?v=zBuBTaTpU4o

 U.S. Can ‘No Longer Afford Debt’, Only Way To Avoid Biggest Default In History | Luke Gromen

David Lin:  9-21-2024

Luke Gromen, Founder & President of Forest For The Trees, discusses the insurmountable amounts of debt the U.S. now faces, and what must be done to avoid a sovereign debt default.

0:00 - Intro

1:20 - Dollar crisis

5:53 - Sovereign debt crisis

9:35 - Rising U.S. debt

9:30 - Dollar outlook

13:30 - Fed funding deficits?

18:45 - Causes of inflation

25:00 - Tariffs

27:35 - Anti-price gouging

30:18 - Inflation/interest rate outlook

33:00 - Gold and Bitcoin

 42:00 - National security

45:00 - Recession signs

https://www.youtube.com/watch?v=Vx4p3X-ZpYs

Global War To DISTRACT From Currency Crisis - "I Hope I'm Wrong" | Matthew Piepenburg

Liberty and Finance:  9-21-2024

Matthew Piepenburg discusses the alarming state of the global financial system, arguing that it is caught in a cycle of excessive debt and centralization.

He highlights his forthcoming article titled "Global Snapshot: Stupid, Broken, and Evil," emphasizing that the current system is unsustainable, with war serving as a convenient distraction for politicians.

Piepenburg expresses concern over the Federal Reserve's recent emergency rate cut, suggesting it signifies a desperate attempt to manage an inevitable crisis rather than a sign of economic strength.

He points out that inflation is a persistent issue, exacerbated by poor fiscal policies and a political unwillingness to make necessary reforms.

 Finally, he notes a growing global trend away from reliance on the U.S. dollar as countries seek to protect their wealth through hard assets, indicating a significant shift in the financial landscape.

INTERVIEW TIMELINE:

 0:00 Intro

1:44 Fed rate cut

13:50 Economic reality

19:03 Holding hard assets

 34:13 War as a distraction

48:15 Von Greyerz

https://www.youtube.com/watch?v=hv1EYMl5uhk

Iraq News Highlights and Points To Ponder Monday AM 9-23-24

Corruption Deals And The Assassination Of An Honest Employee... What Is Happening At The Border Crossings?

Economy   2024-09-23 | 2,121 views   Sumerian News – Economy  The political analyst revealedtributaryAl-Atwani,todayMonday, the secrets of what is happening at the border crossings and how to treat the honest employee, while he pointed out thatThe Iraqi StateCompletely unable to control border crossings.

Al-Atwani said in an interview with Sumaria News, "The border crossings are considered one of the sovereign gates of the Iraqi state, and one of the most important outlets for corruption for political parties," noting that "there is poor treatment of expatriates and Iraqi citizens, and they rely on a political party."

He pointed out that "the political parties inIraqMost of them have military wings, and therefore there are justifications and power for the corrupt person present at the border crossings and protection from dismissal from his position or follow-up and monitoring of all his activities,” indicating that “the border crossings are one of the economic gates through which many corruption deals pass, including currency smuggling, money laundering and drug trafficking.”

He revealed that “every employee who seeks to report the existence of a corruption deal is exposed to dismissal, beating and continuous penalties, and some of them are physically liquidated.

There are cases that we have witnessed in previous years, and the best evidence is a police officer who was assassinated in a hideous manner and was thrown into a kerosene tank as a result of reporting oil smuggling at the crossings.BasraTwo years ago.”

He concluded by saying that “the companySumerI addressed directlyPrime MinisterWith more than 200 thousand barrels smuggled through the northern ports, stressing that "the Iraqi state is completely unable to control the border ports, which are one of the biggest doors to corruption."  LINK

Corruption And Forgery Files Revealed, Comparable To The Theft Of The Century

Policy  Information / Anbar ..   A responsible source in Anbar Governorate revealed, today, Monday, forged transaction files with amounts equivalent to the theft of the century in Anbar.

Follow the "Information" page on Facebook.. News that does not need verification..

The source told Al-Maalouma Agency that "the supervisory authorities are investigating the current governor of Anbar, Mohammed Al-Karbouli, and the personal aide of the dismissed Speaker of Parliament, Mohammed Al-Halbousi, Ahmed Al-Jaberi, and other leaders of the Progress Party, regarding the forgery of official documents in the governorate and Baghdad, the value of which reaches more than 2 trillion dinars."

He added, "These amounts were transferred to local banks under fictitious names during the period when Halbousi was the Speaker of Parliament and Karbouli was the director of his office."

He continued, "Al-Karbouli supervised the management of this operation, noting that the investigations indicate that there was a large financial waste in Halbousi's office at that time."

He expected that "these files will topple big heads related to Halbousi and former Prime Minister Mustafa Al-Kadhimi." LINK

Kurdistan Region Faces A Financial Shortfall Of 243 Billion Dinars To Cover August Salaries

2024-09-23 Shafaq News/ An informed source reported on Monday that the Kurdistan Region needs 998 billion Iraqi dinars to cover the salaries of last August, in light of the ongoing financial crisis resulting from the delay in transferring financial shares from the federal government in Baghdad.

The source told Shafaq News Agency, "Baghdad sent 572 billion dinars to the Kurdistan Region yesterday, Sunday, while 183 billion dinars remain due from salaries for previous months."

He added, "There is still a shortfall of 243 billion dinars to fully secure salaries."

According to the source, the Kurdistan Region's employee salary crisis is considered one of the most sensitive issues in the financial relationship between Erbil and Baghdad. Despite previous financial agreements aimed at regulating federal budget transfers to the region, repeated delays by the central government have created increasing financial gaps, which have greatly affected the regional government's ability to distribute salaries on time.

This crisis includes hundreds of thousands of public sector employees in the region, who rely primarily on these salaries to cover their basic needs.

The irregularity of salary payments has increased pressure on the Kurdistan Regional Government, which has previously been forced to take austerity measures such as reducing or postponing salaries.

In statements to Shafaq News Agency correspondent, a number of public sector employees in Sulaymaniyah expressed their dissatisfaction with the impact of the delay in paying salaries on their living conditions.

“The delay in salaries has directly affected our ability to meet our daily needs. I can no longer cover my living expenses or pay my rent on time, and the economic situation is getting worse with each passing month without getting my salary on time,” said Dilshad Omar, a teacher at a government school in Sulaymaniyah.

Another health sector employee, who preferred not to reveal her name, spoke about the major challenges she faces: “We are forced to borrow from relatives or banks to cover basic needs. The continuous delay in disbursing salaries has made many of us live in a state of instability, as we do not know when we will be able to pay bills or buy necessities.”

Regarding the impact of delayed salaries on market activity, Ibrahim Ahmed, a grocery store owner in Sulaymaniyah, said: “Since the beginning of the salary crisis, market activity has declined significantly. Many customers used to buy in installments or request to postpone payment until they received their salaries, but this continuous delay has made many of them unable to pay their debts or make large purchases.”

He added, "The commercial movement has become weak, especially in times of financial crises, as people have started to buy only the essentials, and even these have seen their sales decline significantly. We, as traders, suffer just like employees, as we also depend on the strength of the market, and if people do not have money, it is natural that everyone will be affected."

The salary crisis began years ago with the escalation of financial and political tensions between Erbil and Baghdad, as the regional government relied on financial transfers from Baghdad in addition to local revenues, especially from oil. However, these transfers were irregular, which led to the accumulation of financial dues and delayed payment of salaries, especially with the decline in oil prices and the increase in government expenditures.

With no clear solutions in the near term, the salary crisis remains one of the major challenges facing the regional government, especially in light of the difficult economic conditions and the decline in available financial resources.

The Ministry of Finance and Economy in the Kurdistan Region announced yesterday, Sunday, the deposit of a sum of money amounting to about 100 billion dinars in financial revenues for non-oil revenues for last May.  LINK

Full Text Of Al-Sudani's Speech At The Future Summit In New York

Baghdad Today – Baghdad  Prime Minister Mohammed Shia Al-Sudani stressed, today, Sunday, September 22, 2024, the importance of adopting clear strategies for using artificial intelligence in a safe and responsible manner to serve humanity.

Al-Sudani participated in the Future Summit, which was held in New York today, Sunday, on the sidelines of the 79th session of the United Nations General Assembly.

The summit aims to enhance cooperation on key challenges and bridge gaps in global governance, reaffirm existing commitments to the Sustainable Development Goals (Global Goals) and the UN Charter, and lay the foundations for more effective global cooperation that can address today’s challenges and emerging threats in the future.

Al-Sudani delivered Iraq's speech at the summit, during which he stressed the pursuit of serious steps towards achieving sustainable development and effective response to the goals of the National Development Plan (2024-2028), by adopting comprehensive strategic reforms.

The following are the most important points made in the Prime Minister’s speech at the Future Summit:

We work to enhance economic reform and improve the conditions of the most vulnerable groups.

 We have adopted a strategy that advances vulnerable groups in terms of social justice, building human resource capacities through developing education and health, and caring for youth and women.

- Committed to establishing the concepts of climate justice, especially in combating drought and desertification and ensuring the sustainability of water resources and food security.

- Addressing climate challenges requires effective international cooperation within the framework of the United Nations Framework Convention and the Paris Agreement.

We stress the need to give Iraq priority in climate finance, as it is one of the most affected countries, and we have begun implementing our commitments set forth in the National Contributions Document.

- We support investments that aim to diversify the economy away from oil, with our focus on the role of the private sector in providing job opportunities.

Sustainable development requires ambitious investments, and we are keen to provide incentives to the private sector and invest in renewable energy projects.

- We strengthen our international relations on the basis of mutual respect and common interests, and adhere to the principle of not allowing our territories to be used to attack other countries.

- We support all efforts to promote human rights and involve civil society organizations in achieving development goals.

Achieving peace requires a joint international effort, and diplomacy and dialogue are key to achieving stability.

- We call for strengthening international cooperation in the areas of land, maritime, cyber, and outer space security, in order to ensure comprehensive security. 

Science and technology are the basis of sustainable development, and we are working to move to the digital economy and provide an integrated database to support decision-making.

We seek to enhance international cooperation in the field of technology transfer and capacity building, while supporting Iraqi inventors in every forum.

- We encourage scientific research in clean oil and gas technologies, and work to enhance technical education to provide young people with the skills required for the modern labor market.  

-Strengthening international cooperation is essential to ensure that countries have access to the tools and capabilities needed to harness AI responsibly and ethically.

We seek to provide a supportive environment for youth by holding workshops to enhance their role in development.

We are keen to provide advanced educational opportunities and training programs, and we cooperate with the United Nations to develop indicators to measure youth development.

 -We call for reforming international institutions to enhance their representation and ability to address global challenges.

We are committed to public sector governance, combating corruption, removing obstacles to private sector growth, and focusing on accelerating digital transformation and enforcing laws to hold violators accountable.

Iraq is committed to working with the international community to find common solutions, and our cooperation will contribute to building a better and more sustainable future for all.   LINK

Seeds of Wisdom RV and Economic Updates Monday Morning 9-23-24

Good Morning Dinar Recaps,

Ripple CLO Talks Congress Insights on SEC and XRP

▪️Professor Reiners emphasized the need for Congress to address the regulatory gap in the crypto spot market.

▪️Ripple’s argument against XRP being a security aligns with Reiners’ testimony on investment contracts.

Stuart Alderoty, Ripple’s Chief Legal Officer, has responded to Professor Lee Reiners testifying before Congress, which provided an illuminating viewpoint on the continuing legal dispute between Ripple and the United States Securities and Exchange Commission.

Reiners, known as both a pro-SEC and anti-crypto advocate, acknowledged the SEC’s recent setback in the Ripple case, underscoring three key factors with substantial significance for the crypto industry and Ripple’s journey.

Questioning the Regulatory Gaps and Decentralization in Crypto Laws
To begin, Reiners identified a significant regulatory gap in the crypto spot market, pointing out that neither the SEC nor the Commodity Futures Trading Commission (CFTC) currently regulate this sector. This observation highlights an obvious flaw in the current regulatory framework for cryptocurrency.

Reiners believes Congress should take a more active role in closing this regulatory hole. Ripple’s Alderoty agreed, emphasizing the importance of legislative action to better address the changing crypto ecosystem.

Another key argument addressed by Reiners was the concept of decentralization in relation to securities legislation. He criticized the idea that securities regulations should be predicated on a “mystical” decentralization threshold, alluding to a 2018 speech by former SEC Director William Hinman.

This statement has sparked debate within the crypto community, particularly because it hinted that certain cryptocurrencies could be immune from securities restrictions if they achieved a sufficient level of decentralization.

Reiners’ stance is consistent with the broader crypto industry, which has long stated that decentralization should not be used to determine whether an asset is a security.

Reiners also addressed the topic of investment contracts, citing analogies to the landmark Howey Test case concerning orange groves. He underlined that the object of an investment contract, such as orange groves, is not a security in and of itself. A management contract must be present when something is considered security.

This viewpoint is consistent with Ripple’s central argument that XRP should not be categorized as a security since it does not meet the criteria for being an investment contract.

The Impact of SEC Changing Leadership on Crypto Regulation
One of Reiners’ most memorable comments was that “SEC chairs come and go,” implying that regulatory landscapes might move dramatically with changes in leadership.

This insight serves as a reminder of the transient nature of regulatory interpretations, implying that Ripple’s case may result in different consequences if future SEC leadership takes a fresh perspective on cryptocurrencies.

While the crypto community eagerly monitors these events, doubt remains over XRP’s future, notably whether the SEC would appeal the Ripple case verdict before the deadline of October 7, 2024.

This lingering uncertainty is currently placing downward pressure on the XRP price, which was $0.5843 at the time of this post, representing a slightly 0.55% fall over the last 24 hours.

On the other hand, Ripple’s partner, SBI Holdings, has made substantial progress in researching the integration of token-based bank deposits with central bank digital currencies. According to a CNF report, SBI Holdings has joined Project Agora, which aims to examine how tokenized commercial bank deposits might be integrated with wholesale CBDCs on a single ledger.

@ Newshounds News™

Source:  Crypto News Flash

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AUSTRALIA TIGHTENS GRIP ON CRYPTO STARTUPS WITH CORPORATE LAW CHANGES

Key Takeaways

▪️Australia wants all crypto exchanges to hold financial services licenses.
▪️The country has so far had limited success in its crackdown on the crypto industry.
▪️As of 2022, over one million Australians held at least one form of cryptocurrency.

Australia is set to further enhance the regulation of the cryptocurrency industry by requiring all crypto exchanges to hold financial services licenses.

The move will see the country’s corporate watchdog push for updated regulations to be enforced over the next two months, the Australian Financial Review reported.

Australia Tightens Grip on Crypto
The new licensing requirements are required as the Australian Securities and Investments Commission (ASIC) considers most major crypto assets to be relevant under the country’s Corporate Act, according to ASIC commissioner Alan Kirkland.

Crypto developers in the country have been confused about whether or not they should obtain an Australian Financial Services (AFS) license.

An AFS is needed for a “financial product,” which is when an individual takes on a financial risk or makes an investment.

ASIC is currently embroiled in two major court cases involving two crypto startups that have not obtained a license.

“ASIC’s message is that a significant number of crypto-asset firms in the Australian market are likely to need a license under the current law. This is because we think many widely traded crypto assets are a financial product,” Kirkland said.

ASIC Has Had Limited Success
ASIC will update its “Information Paper 225” for a November release. The regulatory paper will clarify how cryptocurrencies and other financial products should be treated.

So far, ASIC has had limited success penalizing crypto exchanges without a license.

Block Earner, an Australian crypto startup founded in 2021, was taken to court by ASIC, which alleged that the company was working unlawfully without a license. The Federal Court sided with Block Earner, claiming the startup had been operating lawfully.

ASIC sued Finder Wallet for not registering as a financial service. The court ultimately ruled that the startup did not need a license to operate.

The Australian watchdog is appealing both court decisions.

Australia and Crypto
Like the rest of the world, Australia has an evolving relationship with cryptocurrency.

In 2022, research firm Roy Morgan found that over one million Australians own at least one form of cryptocurrency, including Bitcoin, Ethereum, and Cardano.

A 2023 study by the Australian Securities Exchange (ASX) found nearly 3 in 10 Aussie investors plan to buy crypto in the next year, with 15% already holding digital assets.

However, While Australia has generally welcomed innovation in the crypto space, a strong emphasis on consumer protection has remained.

According to a Finder report powered by Coinbase, 50% of Australian owners said the security and reputation of an exchange are the most important features to them.

Last month, the Australian Competition and Consumer Commission (ACCC) found that half of crypto-related Facebook ads were scams.

The ACCC alleged that Meta was aware of crypto scams in its ads for the past six years.

“Meta has been aware that a significant proportion of cryptocurrency advertisements on the Facebook platform have used misleading or deceptive promotional practices,” the company said in a court ruling.

@ Newshounds News™

Source:  CCN

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GOLD FOLLOWS BITCOIN PRICE RALLY TO NEW RECORD HIGHS, WILL MOMENTUM CONTINUE?

Inflation hedges, such as gold, have emerged as a more attractive option for diversification along with Bitcoin which is nor preparing for a mega rally in Q4.

Key Notes
▪️Gold has surged to a record high of $2,629 per ounce, gaining 5% in the past two weeks, following Fed rate cuts.
▪️Rising geopolitical risks, including conflicts in Ukraine and the Middle East have increased the appeal of gold as a safe-haven asset.
▪️Goldman Sachs forecasts further growth in gold prices, projecting a surge to $2,700 by early 2025.

The gold price has been hitting new highs following the Fed rate cut last week while following the Bitcoin price trajectory recently. Over the past week, the BTC price has surged over 8.5% moving all the way to $64,000.

On the other hand, the gold price touched a record high of $2,629 per ounce on September 23. Within the last 15 days, the yellow metal has registered strong 5% gains. The major boost comes following the 50 bps rate cut by the Federal Reserve which served as the tailwind for the yellow metal.

A decrease in interest rates diminishes the appeal of assets linked to Fed-determined returns, like short-term government bonds, while making inflation hedges, such as gold, a more attractive option for diversification.

Furthermore, the appetite for gold investments has been growing recently amid rising geopolitical risks such as the ongoing wars between Russia and Ukraine, Israel and Hamas. On the other hand, the uncertainty around the 2024 US elections is also another factor contributing to this.

Furthermore, banking giant Goldman Sachs recently reported that the gold purchases by central banks have tripled following the last two years of the Russia-Ukraine war. With more Fed rate cuts expected this year, Goldman Sachs researchers predict that the gold price will surge to $2,700 by early next year.

Gold Rally Isn’t Ending Anytime Soon
Peter Boockvar, chief investment officer at Bleakley Financial Group, noted that gold has yet to surpass its inflation-adjusted peak of $3,200, set in 1980. Meanwhile, gold advocate Peter Schiff took the opportunity to criticize digital assets in a post on X on Sept. 23. Schiff noted:

“Gold just hit another record high, but few investors notice or care. With so much attention focused on Bitcoin, investors are not only missing out on gold’s gains but the significance of the rise.”

On the other hand, Bitcoin is also showing strength gearing up for a mega rally moving ahead in Q4 2024. 10x Research founder and CEO Markus Thielen noted that the chances of a major breakout increase as we approach the October-to-March period.

“Bitcoin’s 2024 performance has once again followed its seasonal pattern – just as it did in 2023. This is why traders should anticipate a major breakout, potentially reaching new all-time highs in Q4 2024,” he added.

@ Newshounds News™

Source:   CoinSpeaker

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ARE WE THERE YET ROADMAP AND TIMELINE? #rv #gcr #roadmaptosuccess | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team Currency Facts 

~~~~~~~~~

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“Tidbits From TNT” Monday Morning 9-23-2024

TNT:

Tishwash:  Al-Sudani meets in New York with the Yemeni President and the Kuwaiti Crown Prince, stressing the depth of relations

Prime Minister Mohammed Shia al-Sudani stressed, on Sunday, when he received Yemeni President Rashad Mohammed al-Alimi in New York, Iraq's keenness to support Yemen's stability.

The Prime Minister's media office said in a statement received by Shafak News Agency, "Prime Minister Mohammed Shia al-Sudani received this evening, Sunday, Baghdad time, the Chairman of the Presidential Leadership Council of the Republic of Yemen, Rashad Mohammed al-Alimi, on the sidelines of his participation in New York in the meetings of the 79th session of the United Nations General Assembly."

The office pointed out that "the meeting reviewed the overall internal situation in Yemen, the surrounding regional situation, its developments and its impact on the region." According to the office's statement, Al-Sudani pointed to "the depth of the historical and fraternal ties that unite Iraq and Yemen," stressing "Iraq's keenness to support Yemen's stability, the importance of finding solutions through internal dialogue, and providing appropriate conditions for the brotherly Yemeni people to enjoy prosperity and development."

For his part, Al-Alimi welcomed the "reopening of embassies between the two countries, and considered it a supportive step to strengthen fraternal relations and support communication between the two brotherly peoples."

In addition, the media office noted that "Prime Minister Mohammed Shia al-Sudani received this evening, Sunday, Baghdad time, the Crown Prince of the State of Kuwait, Sheikh Sabah Khaled Al-Hamad Al-Sabah, in New York, on the sidelines of his participation in the meetings of the 79th session of the United Nations General Assembly."

Al-Sudani stressed, "The depth of the fraternal relations between Iraq and Kuwait, which the government has established in its program that includes strengthening relations with sister Arab countries, and strengthening the bonds of cooperation with them in various fields." The Prime Minister stressed "Iraq's keenness to advance cooperation with Kuwait, and develop it in a way that achieves bilateral interests."

According to the statement, the two sides stressed "the resumption of the work of the joint technical committees between the two countries."

Prime Minister Mohammed Shia al-Sudani also met, this evening, Sunday, Baghdad time, at the United Nations headquarters in New York, with the United Nations High Commissioner for Human Rights, Volk Türk.

A statement from Al-Sudani's office received by Shafaq News Agency stated that the meeting discussed the qualitative development witnessed by the human rights file in Iraq, as Al-Sudani confirmed that the government views the Universal Periodic Review as an essential mechanism in promoting and protecting human rights, noting that Iraq will discuss its fourth periodic report in January of next year after it voted on it in the last cabinet meeting.

According to the statement, Al-Sudani stressed Iraq's commitment to human rights standards, as a party to international agreements and the International Covenant on Civil and Political Rights, appreciating the efforts of the human rights team working within the UNAMI mission in Iraq, and the breadth of measures implemented by the Iraqi government to preserve the rights of minorities and spectrums of the components of the Iraqi people, and to provide assistance to victims of terrorism and the dictatorial regime.

The Prime Minister stated that Iraq has succeeded in establishing a successful experience in the field of transitional justice, and the government has proceeded with the legal and executive framework for all human rights principles, in accordance with the Iraqi constitution and approved international standards.

For his part, the High Commissioner indicated the Commission's desire to open a representative office in Iraq, in order to raise the level of cooperation in the field of capacity development, technical, economic and social cooperation, and in the field of the environment, according to the statement.  link

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Tishwash:  International Finance: The Central Bank of Iraq is a model for developing strategies that serve the development of the banking sector

The Regional Director for the Kingdom of Saudi Arabia, Lebanon and Iraq at the International Finance Corporation  (IFC) , Fawaz Al-Balbeisi, confirmed today, Monday, that Iraq is one of the first countries to adopt a comprehensive approach to governance and environmental and social accountability, noting that the Central Bank of Iraq is a model for developing strategies that serve the development of the banking sector.

Al-Balbeisi said in a speech during the launch ceremony of the Financial Sustainability Map Project and the Environmental, Social and Corporate Governance Standards Guide for Banks, which was attended by the correspondent of the Iraqi News Agency (INA): “Iraq has provided humanity with justice and law, and it is not strange that it is one of the first countries to adopt a comprehensive approach to governance and environmental and social accountability,” indicating that “this new achievement comes as a result of the strategic partnership between the International Finance Corporation and the Central Bank of Iraq in cooperation with the Kingdom of the Netherlands and our joint efforts to develop an advanced Iraqi banking sector that contributes to Iraq’s sustainable future.”

He added that “the achievements that we celebrate today are a very important step for the Iraqi banking sector towards establishing sound practices of environmental, social and corporate governance standards that are consistent with international standards and rules, where they are not just a reference framework for celebration, but rather a systematic approach achieved by the banking sector,” noting that “environmental and governance standards have changed the environment and governance of the institution, and are a standard for professional excellence and have become a basic requirement for managing and reducing risks and thus financial sustainability and business prosperity.”

He continued: "Today, this event gains great importance in light of Iraq's confrontation with the challenges led by climate change, which requires approximately $233 billion until 2040 to respond to the development gaps necessary to move towards sustainable economic paths."

He continued, "Environmental, social and corporate governance responsibility is not only a statement of transparency, accountability and fairness, but also essential components of responsible investment strategies committed to sustainable practices and ethical standards in all financing and investment decisions. The Iraqi banking sector represents the provision of the necessary financing to meet its nationally defined goals in Iraq, and all of this highlights the importance of the role of the Central Bank, led by Ali Al-Alaq, in achieving this goal."

He pointed out that "with the development of the banking, financial and operational sector's capabilities over the past years, this achievement is complementary to other initiatives led by the Central Bank, the latest of which was the launch of the national strategy last May."

He pointed out that "the Central Bank is a model in developing strategies that serve the development of the banking sector in a way that reflects positively on the external view of the banking system and makes it a tributary that enhances sustainable development in Iraq," expressing his "thanks to the government of the Kingdom of the Netherlands for their support in reaching this achievement and to the Central Bank team and the International Finance Corporation whose tireless work enabled us to reach this achievement  link

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Tishwash:  Al-Alaq announces a roadmap for financial sustainability for the Iraqi banking sector

The Governor of the Central Bank, Ali Al-Alaq, announced today, Monday, a roadmap for the financial sustainability of the Iraqi banking sector, while indicating that this map is part of the efforts to upgrade the banking sector.

Al-Alaq said in a speech during the launch ceremony of the Financial Sustainability Map Project and the Environmental, Social and Governance Standards Guide for Banks, “Today we are addressing an important and fundamental aspect in developing the banking sector in Iraq, as the term environmental, social and governance standards has witnessed turbulent growth since its first launch in 2005,” indicating that “the environmental aspects and the response related to climate change are major factors driving the development of environmental, social and governance standards, in addition to the growing importance of other essential elements, especially social ones.”

He added, "If these standards are important for any economic entity or company, regardless of its activity, mission and products, then their importance to the financial sector is a matter of utmost importance, given the significant impact that social and environmental changes have on the reality of this sector and what is required to manage it according to regulatory, supervisory and technical rules that avert risks to guarantee the rights of shareholders and stakeholders within a framework of transparency and disclosure, and above all, to contribute to achieving financial stability, the repercussions of which are reflected in the economic and social environment and general stability, just as the environmental and social repercussions are reflected in stability."

He stated, "We are pleased to announce a roadmap for the financial sustainability of the banking sector in Iraq for the years 2023 to 2029 and social and institutional standards," noting that "this project is part of the ongoing efforts made by the Central Bank of Iraq to advance the banking sector based on international best practices as well as keeping pace with developments in the banking industry."

He stated that "with this announcement, the Central Bank of Iraq is the first in the region to implement this guide."

Al-Alaq praised "the role played by international experts at the International Finance Corporation, affiliated with the World Bank Group, and their effective contribution in preparing the roadmap for financial sustainability for the banking sector in Iraq," appreciating "the effective and ongoing partnership and fruitful cooperation with the institution."

He thanked "the fruitful and distinguished efforts of the Central Bank's work team, as well as the support provided by the Kingdom of the Netherlands in this context to push towards helping Iraq implement these important and necessary programs   link

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Mot: .... Been quite a Week you seeeee....

Mot:  figured out Why the RV keeps stopping !!!!......((( Get A Hammer )))......

https://www.youtube.com/watch?v=aqAUmgE3WyM

Iraqi Dinar News Update - IQD News - Al-Sudani-79th & Sideline Meetings-UNGA-NYC-CBI-Delete Zeros

Iraqi Dinar News Update - IQD News - Al-Sudani-79th & Sideline Meetings-UNGA-NYC-CBI-Delete Zeros

MilitiaMan and Crew:  9-22-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=v4rDfDDzaro