Debt, Deficits, and The Road to a New Monetary Order

Mel Mattison: Debt, Deficits, and The Road to a New Monetary Order

Palisades gold Radio:  1-20-2025

Tom welcomes back Mel Mattison to discuss the economic implications of the new administration under Trump's second term.

 He expresses skepticism towards government-released data such as CPI numbers and raises concerns about rising inflation and interest rates due to massive deficit spending and debt refinancing.

Mel estimates approximately seven to eight trillion dollars will be issued this year for these purposes, with uncertainty surrounding who will buy all this debt. He suggests real inflation numbers may be higher than reported, potentially leading to significant increases in interest rates.

The U.S., with a debt-to-GDP ratio of 120%, faces a major concern regarding unsustainable levels of interest expenses.

Mel shares his concerns about the historical parallels between the current high debt-to-GDP ratio and that of the post-World War II era, when reductions in debt came from a combination of surprise inflation and interest rate manipulations.

The need for fiscal sustainability is discussed, with maintaining a 3% deficit to GDP ratio suggested.

However, achieving this through cuts alone is considered unrealistic due to the significant role government spending plays in the economy.

The possibility of a debt reset under new Treasury Secretary Scott Besson is explored, with the need for independence from China's supply chains and essential goods emphasized due to global security competition.

The potential for gold and Bitcoin as neutral reserve assets is proposed, along with revaluing gold certificates held by the Federal Reserve and a move towards these assets to lead to significant increases in value.

 Mel discusses Bitcoin potentially decoupling from risk assets like QQQ this year due to increasing institutional adoption.

Potential consequences of a global debt crisis include a revaluation of currencies through gold or Bitcoin, and economic wartime goals setting the stage for inflationary impulses to return.

The need for controlling interest rates and addressing inflation is emphasized, with potential consequences including debt repression, a gold certificate revaluation, and the promotion of stablecoins.

Mel predicts a significant crisis leading to market pullbacks and recoveries, while acknowledging the urgency to tackle deficit issues due to their increasing impact on tax receipts and interest expenses.

Time Stamp References:

0:00 - Introduction

0:44 - Economic Strength

6:20 - U.S. Debt Holders

11:33 - Debt & GDP Extremes

15:20 - DOGE Cuts & Deficits

21:18 - Debt Reset & BRICS

 28:08 - Gold Cert. Valuations

 31:43 - BTC & Gold Potential

35:53 - Global Debt & Reserves

 39:16 - Tariffs Purpose & Trump

42:50 - Inflation & Oil Trends

 46:56 - Trump Power Plays

51:34 - Equity Markets Outlook

56:35 - Jeffrey Gundlach

59:13 - 2025 Possibilities

1:01:23 - Wrap Up

https://www.youtube.com/watch?v=3JgjiQwis98

Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-20-25

Good Afternoon Dinar Recaps,

INCOMING PRESIDENT TRUMP SHOWS SUPPORT FOR INNOVATION, BUT MAKES NO MENTION OF CRYPTO DURING INAUGURATION SPEECH

During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.

Trump is also set to issue crypto-related executive orders.

In his return to Washington D.C. on Monday, Donald Trump touted his support for innovation, though did not specifically mention crypto during his inauguration speech on Monday.

“There’s no nation like our nation,” Trump said. “Americans are explorers, builders, innovators, entrepreneurs and pioneers. The spirit of the frontier is written into our hearts."

However, Trump did not mention crypto in a document titled "President Trump's America First Priorities" in an email sent out by the office of the press secretary. Punchbowl News earlier released the document.

During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.

Trump made several promises to the sector, including promising to commute Ross Ulbrucht's sentence, who is currently serving a life sentence without the possibility of parole for his role in creating and operating the dark web marketplace Silk Road, tied to bitcoin's early history.  

Trump also vowed to stop "Joe Biden's crusade to crush crypto" by ensuring the future of crypto will not be "driven overseas," supporting the right to self-custody and preventing the development of a central bank digital currency. 

Some Republican lawmakers have been staunchly opposed to a CBDC and say a CBDC could open the door to government surveillance of peoples' transactions.

Trump is reportedly poised to issue executive orders on his first day that could include creating a crypto council and ensuring that firms have access to banks, according to Reuters. The Washington Post reported last week that Trump could also issue executive orders that encompass repealing the U.S. Securities and Exchange Commission's controversial crypto accounting guidance, SAB 121.

A potential crypto council could have anywhere between 10 to 100 members. Those members will presumably be crypto executives, but those decisions will be up to the firms to pick who will represent them in the council, said Ron Hammond, senior director of government relations at the Blockchain Association, in an interview with The Block last week.

Trump also plans to issue an executive order to set cryptocurrency as a national policy priority, Bloomberg reported last week, citing sources familiar with the matter.

Days before his inauguration, Trump's team launched the TRUMP token on the Solana blockchain which reached a market cap of over $9 billion. Trump has also previously thrown his support behind the debut of World Liberty Financial, a DeFi protocol that counts former that counts the President-elect as its "chief crypto advocate." That project was criticized by some crypto pundits who called it "a meme masquerading as a utility project."

@ Newshounds News™

Source:  The Block

~~~~~~~~~

OVER $200B WIPED FROM CRYPTO MARKETS AFTER TRUMP IGNORES CRYPTO IN CEREMONY SPEECH

The total crypto market cap dumped toward $3.6 trillion.

Donald Trump’s highly anticipated inauguration ceremony officially took place, and he is now the 47th US president.

Despite the numerous reports ahead of time about potentially including crypto in his speech, Trump failed to mention it even once, which triggered a massive crash for the entire market.

Just as the inauguration began, BTC’s price tumbled by over five grand, going from more than $107,000 to under $102,000 in minutes.

However, it managed to recover some ground and spiked to $105,000 during the speech. However, once that concluded and it became evident that Trump will not mention the digital asset industry at all, BTC and the rest of the market headed south immediately.

BTC’s nosedive took it south to $100,500 (for now). Many altcoins bled even more heavily, including Trump’s official meme coin. The recently launched asset is down by over 20% in the past hour alone and now struggles to remain above $40. Recall that it peaked above $70 earlier today but has faced a lot of competition and criticism following the launch of Melania Trump’s alternative.

Other massive losers include SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK, and more, as all of them have dropped by more than 6% in the last hour.

The total crypto market cap went from a daily high of over $3.850 trillion to $3.6 trillion during the crash.

The wrecked positions have shot up to nearly $200 million within that same timeframe. Almost 400,000 traders have been liquidated on a daily scale, according to data from CoinGlass.

@ Newshounds News™

Source:  Crypto Potato

~~~~~~~~~

US CBDC ‘IS DEAD’ UNDER TRUMP, BUT STABLECOINS COULD BE SET TO EXPLODE

President Donald Trump has promised to “never allow” a CBDC in the United States, but stablecoin adoption is well on its way.

Now that US President Donald Trump has taken his oath of office, the chances for a US central bank digital currency (CBDC) are all but finished.

Trump has been a vocal opponent of CBDCs, promising on the campaign trail in New Hampshire in 2024 that he would “never allow the creation of a central bank digital currency,” as he claimed it would give the government “absolute control over your money.”

Trump made the promise early on in the campaign, back in January 2024, but there’s little to suggest that the president has changed his mind. Top picks for Trump’s Cabinet and prominent members of the Republican-controlled Congress have also vocally opposed a CBDC.

However, US lawmakers are still focused on proliferating digital currencies. In the absence of a digital dollar and with significant bipartisan support, stablecoin adoption could see significant growth under the incoming administration.

CBDCs are dead; long live the stablecoin

“CBDC in the US is dead under Trump,” Geoff Kendrick, global head of digital assets research at Standard Chartered, told Cointelegraph. “Instead, they’re going down the private stablecoin route, and the Fed has no control over that.”

Indeed, stablecoin legislation is already making its way through the system. In the House of Representatives, Rep. Patrick McHenry introduced the Clarity for Payment Stablecoins Act of 2023, while in the Senate, Wyoming Republican Senator Cynthia Lummis and New York Democratic Senator Kirsten Gillibrand submitted the Lummis-Gillibrand Payment Stablecoin Act.

These bills would provide regulatory guardrails that the industry has been saying it needs in order to succeed.

Some have suggested the industry could see new stablecoin regulations soon, as it would be a quick win for representatives on both sides of the aisle, who will need to defend their seats again in 2026.

Kendrick said, “I think, under Trump, you’ll get passage in the next few months of a stablecoin bill that creates regulation. You’ll then probably get more TradFi players issuing stablecoins in the US [...] and you’ll also get more surety behind the two largest stablecoins, Tether and USDC.”

The pivot to private stablecoins can be explained by two important factors: the clear privacy concerns surrounding CBDCs and the fact that central banks are having a hard time convincing the public of their benefits.

CBDCs raise concerns about privacy and government oversight

Reuters and The Washington Post have reported that the Trump administration is planning mass dismissals of federal employees, paving the way for them to be replaced by appointees loyal to the administration.

Administration spokesperson Brian Hughes told Reuters, “The Trump Administration will have a place for people serving in government who are committed to defending the rights of the American people, putting America first, and ensuring the best use of working men and women’s tax dollars.”

This rhetoric fits into the wider Republican skepticism of government involvement in the financial industry and the desire to deregulate that industry broadly. It comes as no surprise then that CBDCs, which are already a subject of public privacy concerns, should be a target.

John Kiff, a digital currency expert and former senior financial sector expert at the International Monetary Fund, told Cointelegraph that users “want cash-like anonymity and privacy, but central banks are reluctant to offer that as they bend the knee to financial integrity laws and regulations” like Anti-Money Laundering and Countering the Financing of Terrorism laws.

Kiff said, “Purported benefits are related to such things as increasing financial inclusion and reducing the costs to users and merchants of transactions.”

Trump himself suggested that, with a CBDC, the government “could take your money, and you wouldn’t even know it was gone.”

@ Newshounds News™

Read more:  CoinTelegraph   

~~~~~~~~~

LIVE: THE INAUGURATION OF DONALD J. TRUMP AS THE 47TH PRESIDENT OF THE UNITED STATES 1/20/25

If you missed the Inauguration Ceremony today, you can still watch it on the Rumble link here from Right Side Broadcasting Network.

@ Newshounds News™

Source:  Rumble

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

15 Better Places Than Under the Mattress To Hide Money in Your House

15 Better Places Than Under the Mattress To Hide Money in Your House

By Laura Gesualdi-Gilmore

Consider storing cash in everyday items that make surprisingly good hiding spots.

You’ve probably seen it on TV and in movies 100 times before: a character trying to hide some cash throws it under a mattress.

But anyone breaking into your home looking for cash knows the mattress trick, making it a questionable place to hide money.

Of course, the best place for your money is in the bank — but if you’d like to keep some in your home, consider these less obvious, more secure hiding spots to reduce your money stress.

A permanent, hidden safe

A safe could be a worthy investment if you plan to keep a lot of cash and other valuables in the home, but the safe should either be permanently bolted in place somewhere hidden — or weigh several hundred pounds.

An obvious-looking portable safe is simply too easy for thieves to run off with and figure out later.

Behind a drawer

Storing cash inside a kitchen or bedroom drawer is not the safest move. Anyone who breaks into your home will probably quickly sift through these looking for valuables.

However, putting cash in an envelope and taping it to the back or underside of the drawer (not in the drawer) can be a sneakier, more secure option.

Behind wall art or decor

Cash can also be stored in an envelope taped behind generic-looking art or something like a wall clock. Just make sure that the art or decor itself doesn’t look like something worth stealing.

In the bookshelves

Some people store bills among the books in their bookshelves. However, if you want to avoid shaking out every book when you need to go retrieve the cash, consider investing in one of the fake book safes Amazon sells.

These appear to be normal books but open up to a locked box.

A box in a box

In most cases, anyone looking to rob your home is going to be moving quickly, so the more obstacles you can add to your cash hiding spots, the better.

Consider hiding cash in a box placed within a box of something that would look unappealing to crooks — like winter clothes or Christmas ornaments (really anything that doesn’t scream value).

Opaque food jars

Certain food jars placed in odd places may be obvious—as will the stereotypical cash-filled old coffee can. But if you have some opaque food jars and keep them in their expected homes in your pantry, they can be a great place to hide cash.

You can also purchase things like fake Coke cans online that can be used as small safes.

In pockets

Any hiding spot that would require a potential thief to sift through a lot of items adds a layer of safety. Cash folded up and placed in the pocket of a pair of slacks or a coat hung up among many in a closet is probably safe — as long as you can remember where it is.

TO READ MORE:  https://financebuzz.com/better-money-hiding-places-than-mattress

Barreling Towards an Economic Crisis at Year-End Unless this Happens

Barreling Towards an Economic Crisis at Year-End Unless this Happens

David Lin:  1-19-2025

The global economic landscape is looking increasingly precarious, with renowned economist Steve Hanke, Professor of Applied Economics at Johns Hopkins University, raising alarm bells about a potential crisis brewing before year-end.

In a recent interview with David Lin, Hanke painted a stark picture, suggesting that without significant corrective action, the world economy could be headed for turbulent times.

Hanke’s analysis focuses on the shifts in economic policy and conditions since Donald Trump’s inauguration, citing several factors contributing to the current instability. While he didn’t detail specific policy failures in the provided information, the framing of the interview heavily implies a correlation between post-Trump economic developments and the current vulnerability.

While the specifics of what “must happen” to avoid the crisis were not detailed in the information provided, Hanke’s reputation as a leading economic thinker lends significant weight to his warnings.

His implication that an economic crisis is a real possibility unless action is taken should be a wake-up call for policymakers and the general public alike.

The interview leaves many questions unanswered, but the core message is clear: the clock is ticking, and unless a decisive shift in [again, areas like economic policy & regulations] occurs, we may be facing a very difficult year-end. The world will be watching anxiously for how governments and institutions respond to these stark warnings from a respected voice in the economic field.

https://youtu.be/FxuWGw5R_A8

News, Rumors and Opinions Monday 1-20-2025

Note: Just because there is a “Big Name” attached to intel- does not mean that is really the real person- There is a lot of “fake” information everywhere…..Use discernment and consider everything a rumor until we are actually at the banks.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 20 Jan. 2025

Compiled Mon. 20 Jan. 2025 12:01 am EST by Judy Byington

Sun. 19 Jan. 2025 BOOM! The RV and Military Operations: A Historic Treaty Signed by 209 Countries! Trust the Plan! …Steve Bannon on Telegram

A revolutionary treaty signed by 209 countries aims to redefine global currencies, ensure economic equality, and foster unprecedented prosperity worldwide. This bold move is transforming financial systems, releasing prosperity funds, and igniting humanitarian projects that promise to uplift lives across the globe.

A Financial Revolution Like No Other: The global financial system has long favored a few powerful nations, leaving others in economic instability. This treaty changes everything. By revaluing currencies like the Iraqi Dinar, Vietnamese Dong, and Zimbabwean ZIM, the playing field is being leveled for all nations. This is more than financial reform—it’s a declaration of fairness, equality, and hope.

The Prosperity Fund: At the heart of this initiative is the Prosperity Fund, a massive pool aimed at empowering “We The People.” It will fund humanitarian projects, wealth redistribution, and community reconstruction, addressing critical issues like poverty, education, and access to clean water. This is about transforming lives and ensuring everyone benefits from this new era.

Key Currency Revaluations

Iraqi Dinar: Long undervalued, now poised to unlock Iraq’s economic potential.
Vietnamese Dong: Reflecting Vietnam’s growth, the Dong will match the strength of the US Dollar.
Zimbabwean ZIM: Ending years of hyperinflation, the ZIM’s revaluation is a turning point for Zimbabwe.

The Stellar Network: Banking for All: Millions of people have been excluded from banking systems—until now. The Stellar Network is bringing secure, accessible financial services to the unbanked, empowering them to take control of their futures. This isn’t just about money; it’s about inclusion and opportunity for all humanity.

Military Operations Behind the Scenes: A coordinated military operation is ensuring the revaluation process (RV) proceeds smoothly. From securing currency transportation to preventing fraud, their oversight guarantees a stable and seamless transition. This is a testament to meticulous planning, international collaboration, and unwavering commitment to economic stability.

A New Dawn of Equality and Prosperity: This treaty is more than a financial shift—it’s a revolution that will change lives forever. The world is on the brink of a brighter future, where fairness and opportunity replace greed and inequality.

~~~~~~~~~~

Global Currency Reset:

Tues. 14 Jan.: “All the information is saying “Next week.” …JFK Awakening Q17 on Telegram

Wed. 15 Jan. 2025 Wolverine: Ok guys it’s definitely coming as things are in motion. Please make sure you have everything ready when we receive the green light. Remember for the Tier 4B group things won’t start 2 or 3hrs after the inauguration on Mon. 20 Jan.

Wed. 15 Jan. 2025 Nate: Expect the Iraqi Dinar Rate to change Jan. 20-22: https://x.com/realNateCarter/status/1879328680331313318?t=0OaJN2HGGpPKZd3lmWEbBQ&s=09

Sat. morning 18 Jan. 2025 CMKX Holders expecting notification within 72 hours

Tues. 21 Jan. 2025 US reaches it’s debt limit, Trump has to do something to fund the government.

Thurs. 16 Jan. 2025 MarkZ: “My Asian Contact said he was expecting the RV on Tues. 21 Jan. or Wed. 22 Jan.

Thurs. 16 Jan. 2025 Bruce: The Green Light has been given. The RV is supposed to be released overnight tonight to Bond Holders. Today the Iraqi Dinar was (allegedly) on the Forex and trading upward. Tier4b (us, the Internet Group) should be notified to set appointments before Mon. 20 Jan. and can ask for the higher Dinar Contract Rate which appears to be based on the price of oil. Banks have (allegedly) had the new US Note in stock for over a year and a half and will be releasing it..

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially commence for the general public. …JFK Jr. on Telegram

Sat. 25 Jan. 2025 Jon Dowling: On Monday it gets lit! XRP may go between $10-100 by Monday, based on an (allegedly) executive order by President Trump. This(allegedly)  includes an EO for the Dinar! Monday changes the game for everything! They will (allegedly) implement Nesara, with half of the government trying to resist Trumps incoming. And a full audit of the Fed will occur so that the country and the world can see that the emperor truly has no clothes!

Read full post here:  https://dinarchronicles.com/2025/01/20/restored-republic-via-a-gcr-update-as-of-january-20-2025/

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

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

Militia Man   I personally believe parliament doesn't have any control over the exchange rate of the Iraqi currency.  They do need to be a little bit on board.  I think Al Sudani is giving olive branches to these people especially those that seem to be bucking the system and trying to create constant problems...

Mnt Goat  ...economic expert Nabil Jabbar Al-Tamimi is saying they are ready for FOREX after implementing all these banking and financial reforms. The White Paper reforms have been successful. It is time to move to the next stage which is…...?  Well folks financial and banking researcher Mustafa Hantoush just pointed out to us what the next stage should be. Yes, I mean FOREX!  I do not see the Trump era administration not seeing the necessity for going to FOREX with all the progress of the reforms to move to the next stage. I am sure the US Treasury will agree. ...I am told by [my] CBI contact...that they...are giving Iraq a “thumbs up” to move ahead.

**********

Silver Prices Ready to EXPLODE!  Are Central Banks on the Verge of COLLAPSE?

Lynette Zang:  1-19-2025

https://www.youtube.com/watch?v=1AEyYr6OtCY

“Coffee With MarkZ” Monday Morning Chat 1-20-2025

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning,. God Bless America

Member: Happy 1st Day of the rest of our lives! Good morning, Mark

Member: Hoping this is our week for some solid news....

Member: Lots of big changes starting today……is this our week? I hope and pray it is

MZ: There is a great piece in Iraq about new bills and security features. This is a really big one

Member: Mark: I was disappointed to see their new security feature bank notes with the zeros still intact. Why would they print up new currency if they were going to change the rate??

MZ: “CBI unveils new banknote security features” Lots of pictures and they show us on the old bills where some of these features could be and what to look for ….This is great cover for new bills and distributing the lower denominations…….this is a world class approach. With bills with new security feature- they will need to distribute the lower denominations  throughout the banks and businesses .  

MZ: This article had me awfully excited. The dinar is going to be one of the most sophisticated currencies in the world…..and it should be as imo it is about to be the most valuable currency in the world.

Member: Iraq needs to mount coins when the value increases

Member: I heard they didn't sign the budget contract in Iraq and they got mad and walked out and rescheduled for tomorrow. I think they are waiting on Trump for some reason.

MZ: it was quite an interesting weekend in Iraq:  “ Iraq parliament Adjourns it’s session after breaking the quorum”   yesterday when it got to the budget….members threw fits  and ministers walked out. They are reconvening Tuesday at 1:00. Sudani says they are going to settle this Erbil thing and anybody who does not show up will face a One million dinar fine. If there is a new value that would be one heck of a fine.

MZ: It would be easier if they had the new rate so the budget tables would make sense

MZ: “A delegation from the regions finance heads to Baghdad to discuss salaries and budget amendments”  they are sending delegations back and forth to settle things by Tuesday

MZ: “ Parliamentary finance: Amending article 12 will cost the state $7.5 billion” this is part of what the walk outs were about.

MZ: I guess people are more motivated to do the right thing when money is on the line.

Member: Mark look at IQD on xe and see what it says …it started showing up on Saturday

MZ: We are seeing some crazy rates and values….buckle up…its going to be a crazy couple of days.

Member: I heard that Holly said the RV won’t happen until the USN’s are released and the Republic announced?

MZ: I was told from day one that this would happen at the same time….

Member: if Trump is signing about 200 EO’s today…..i wonder if he will slip in the reset and Nesara while he’s signing????

Member: It is going to be a wonderful week.

Member: Thank Mark for all this encouragement. Everyone enjoy the first day of the best of our lives.

Fernando from ATB joins the stream today. Listen to the replay for his information

AFTER TODAY'S PODCAST PLEASE JOIN US FOR A INAUGURATION WATCH PARTY WITH MARKZ, ZESTER AND GUESTS https://www.youtube.com/live/83lbddNaCQc

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! NO NEWS STREAM THIS EVENING UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=ItcbveNtmfE

Iraq Economic News and Points to Ponder Monday AM 1-20-25

Iraq Launches New Banknotes With Innovative Security Markings For The Visually Impaired

Economy breaking  2025-01-19 01:54   Shafaq News/ The Central Bank of Iraq unveiled the security marks for banknotes in circulation, with the aim of educating the public, as well as the companies and commercial banks that deal with these notes on a daily basis.

The Central Bank reviewed these improved security signs, through a technical bulletin, received by Shafaq News Agency, noting the introduction of prominent signs on the new banknotes to enable the visually impaired to recognize the denominations of bills by touch.

In the context of awareness, the bank indicated that the public will have sufficient time to adapt to the new banknotes, stressing the importance of sharing this information with those around them.

The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.

The bank explained that its main objectives are to maintain the stability of local prices and ensure a financial system based on a stable competitive market. It also aims to promote sustainable growth, job opportunities, and prosperity in Iraq.

The Central Bank of Iraq reviewed the excellence of Iraqi banknotes, as they are among the most complex security marks, and were manufactured from the best types of paper used in printing banknotes to ensure quality and security.

The bank stressed that any attempt to manufacture, possess, or pass counterfeit banknotes is considered a criminal act and is severely punished by law, calling for any counterfeit banknotes to be handed over to the police and the Central Bank of Iraq.

The headquarters of the Central Bank of Iraq is located in the center of the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region.

https://media.shafaq.com/media/arcella_files/1737284012913_دليل الاوراق النقدية.pdf
   
   
https://shafaq.com/ar/اقتصـاد/العراق-يطرح-وراقا-نقدية-جديدة-بعلامات-منية-مبتكرة-لضعاف-البصر-صور    
   
~~~~~~~~~~

Read Below To See Affected Denominations And Security Features Explanations.

https://shafaq.com/ar/اقتصـاد/العراق-يطرح-وراقا-نقدية-جديدة-بعلامات-منية-مبتكرة-لضعاف-البصر-صور   

https://media.shafaq.com/media/arcella_files/1737284012913_دليل الاوراق النقدية.pdf

Shafaq News/ The Central Bank of Iraq has unveiled the security marks of the circulating banknotes, with the aim of educating the public, as well as companies and commercial banks that deal with these banknotes on a daily basis.

The Central Bank reviewed these improved security features, through a technical bulletin, which was received by Shafak News Agency, indicating the introduction of prominent features on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.

In the context of awareness, the bank indicated that the public will have enough time to adapt to the new banknotes, stressing the importance of sharing this information with those around them.

The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.

The bank explained that its main objectives are to maintain the stability of domestic prices and ensure a financial system based on a stable competitive market, and it also aims to promote sustainable growth, job opportunities, and prosperity in Iraq.

The Central Bank of Iraq reviewed the distinction of Iraqi banknotes, which are among the most complex security features, and are manufactured from the best types of paper used in printing banknotes to ensure quality and security.

The bank stressed that any attempt to manufacture, possess or pass counterfeit banknotes is a criminal act punishable by law, calling for any counterfeit banknotes to be handed over to the police and the Central Bank of Iraq.

The headquarters of the Central Bank of Iraq is located in the center of the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region

LINK

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

Seeds of Wisdom RV and Economic Updates Monday Morning 1-20-25

Good Morning Dinar Recaps,

INVESTOR CHRIS BURNISKE SEES CRYPTO ENTERING ‘GOLDILOCKS PERIOD’ AMID SUPPORT FROM INCOMING US ADMINISTRATION

Venture capitalist Chris Burniske believes crypto is about to enter uncharted territory as the United States welcomes a second Donald Trump presidency.

Burniske tells his 317,600 followers on the social media platform X that he thinks Bitcoin’s (BTC) four-year cycle may witness an abrupt end with the installment of a pro-crypto US government.

BTC’s four-year cycle is based on halving events when Bitcoin miner rewards are slashed in half every four years. In the past, halvings have correlated with parabolic rallies for Bitcoin as the reduction in new BTC emissions created an imbalance between supply and demand.

Says Burniske,

“Continue to believe there are high odds we break the simplistic four-year cycle that BTC has honored the last ~12 years…

With a supportive US administration, crypto could be entering a Goldilocks period over the next many years, where returns aren’t as parabolic, but instead we see steadier growth, not to mention majors stop suffering 85-95% drawdowns.”

In investing, a Goldilocks scenario is when an asset class sees moderate and sustainable growth over a long period of time.

Burniske also predicts market meltdowns that crypto investors have been accustomed to will likely be in the rearview mirror once digital assets enter Goldilocks territory. He believes that exchange-traded funds (ETFs) will support the steady rise of crypto assets while minimizing market drawdowns.

“On drawdowns: I’m not saying they’ll stop, I’m saying it’s possible they get less extreme for the majors, which could whiplash people who overtrade with too much aggression…

I also think BTC and ETH both having ETFs, and perhaps SOL+ soon, will provide more consistent buying pressure for these assets.”

While the investor believes in steady growth for large-cap coins, he notes that digital assets could still witness gut-wrenching corrections but they likely won’t be as severe as the ones seen in the past.

“If you ever want to see the percentage drawdown BTC could be exposed to, look at the 200-week SMA (simple moving average), which has been our most reliable technical support each bearish period. Right now at ~$40,000 that suggests a 60% drawdown is possible, which is a far cry from 80%+ (has to drop another 50% from 60% down, to hit 80% down). As BTC rises, so too will the 200-week SMA.”

Burniske concludes by saying that 2025 will likely be a “great year” for crypto investors.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

GOLD PRICES COULD HIT $3,000 IF TRUMP PUTS HIS THREATS TO WORK

Donald Trump took oath as the 47th President of the United States on Monday and will govern the nation for four years. Investors closely watch his statements, threats, and proposals on the U.S. economy and monetary policies. Gold prices hovered around the $2,707 mark when Trump took oath and surged nearly 5 points in the indices.

The precious metal remains on the greener side of the spectrum and is looking to gain another leg-up. Traders are hopeful that Trump’s upcoming trade wars could benefit gold prices, as institutions could park their funds to hedge the markets.

Trump’s Trade Tariffs Could Make Gold Reach $3,000

A leading commodity investor told Kitco News that gold prices could reach $3,000 if Trump sticks to his tariff threats. The markets could react strongly if the tariffs are imposed, as they could cause a trade imbalance between the U.S. and other countries.

Jesse Colombo, an independent precious metals analyst and founder of the BubbleBubble Report said that the short-term target for gold prices remains at $2,800. If Trump heats the import and export sector, gold’s price target remains a solid $3,000. He wrote that it could breach the mark during the second half of 2025.

“For the past two months, gold has been taking a breather, but now the market has a lot of pent-up energy. I’m excited about gold’s potential,” he said. The analyst explained that if Trump’s tariffs take place, consumers around the world will have to shell out more money for daily essentials.

“Gold’s significant resistance level remains $3,000 an ounce,“ he said, adding that a price rise ignited by Trump could lead to stagnation in the global markets. Therefore, investors need to closely watch Trump’s policies and invest widely based on the market trends. The XAU/USD could continue its rally in 2025 and remain in demand throughout the year.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

WHAT IS DEFAI? A BEGINNER'S GUIDE

Defai is a convergence of artificial intelligence and decentralized finance, poised to simplify on-chain tasks and unlock new opportunities.

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this timely article, Blocmate’s Gaz explains this important emerging sector of AI x crypto. If you aren’t familiar with defai, or you don’t know exactly what it means, this article is for you.

Welcome to the Intersection of AI and Defi

AI agents are, at present, the only meta that seems to matter. They’ve been breathing fresh degeneracy into the crypto markets like nothing we have seen until this point in the cycle and stealing insane amounts of mindshare in the process.

Meanwhile, the fools who faded are forced to FUD away from the sidelines while the rest of us sift through the trenches to try and catch the next 100x mooner.

The open-sourced nature of this narrative means that things are moving at a pace that no single humanoid can possibly keep up with. This further proves the utility of these ever-awake, ever-watching robots — who are already outcompeting us mortals in every aspect of the crypto game.

It seems like very soon we simple homo sapiens will be forced into capitulation by our new AI overlords as we watch ourselves be replaced in pretty much every facet of life.

It is, however, not all bad news. At least not for us degens.

Within this agent meta will spring forth many sub-metas that we can attempt to gamble our way to freedom before the inevitable replacement occurs.

@ Newshounds News™

Read more:   Bitcoin News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

16 Worst Places To Hide Cash in Your Home

16 Worst Places To Hide Cash in Your Home

By Stacy Garrels

Are burglars already onto your not-so-secret spots?

While digital wallets and contactless payments are taking hold, we still like cold, hard cash. Plenty of us like keeping an emergency stash at home to be prepared for hard times.

However, burglars and sticky-fingered guests know that most people have a hidden wad of bills somewhere. Here are some of the more obvious hiding spots you should avoid to protect your financial fitness in your own home.

Dresser drawers

No matter how well-organized, top dresser drawers can often become a catch-all place for lots of small goods and knickknacks: underwear, hair ties, cufflinks, and rolls of cash. 

People like to sock money away there because it’s out of sight but still in an easy-to-remember location. It’s easy for crooks to remember, too.

Freezer or fridge

Opinions on fridges and freezers are mixed. While some home safety experts think they’re a smart option, many caution against it. Why? If you “think up” this tactic, it’s because you've seen it before in a movie or TV show — just like the bad guys.

Also, during economic downturns, thieves are known to steal food out of fridges and freezers. 

During the Great Recession, I know many people who had crooks break in during the daytime (sometimes while the homeowners were upstairs) and help themselves to milk and meats along with wallets and laptops.

Children’s bedrooms

Sadly, yes. Kids’ rooms are a target ‌for home burglars. The bad guys know kids often have tablets, game consoles, TVs, and iPads. They will rummage through your kids' room looking for cash in addition to pocketing any high-value goods.

Under the mattress or bed

It’s a cliche, but yes, people still tuck money away under their mattresses. Many naive homeowners think the bed is so obvious that no one hides their money there anymore, and that must make it a safe spot. It’s not; it’s one of the first places thieves look.

Toilet tanks

Using your toilet tank is about as cliche and obvious as your mattress. One TV show after another has crooks and good guys using the tank as a place to stash drugs, cash, and other valuables, and it’s one of the most common places thieves search.

TO READ MORE:  https://financebuzz.com/worst-places-hide-cash-at-home

“Tidbits From TNT” Monday Morning 1-20-2025

TNT:

Tishwash:  The President of the Republic heads the participants.. Davos Forum Investment Dialogue and Confidence Building

The World Economic Forum in the Swiss resort of Davos, today, Monday, brings together major global leaders in the fields of economy, technology, politics and society, under the slogan “Cooperation for the Smart Age ”, and continues until January 24, to discuss current economic, technological and environmental issues and ways to find solutions for them.

3,000 prominent figures from more than 130 countries are participating, including many heads of state and government, including the President of the Republic of Iraq, Abdul Latif Jamal Rashid.

There will be strong representation from around the world, across sectors and geographies, to drive dialogue, build trust and catalyze sustainable solutions to common challenges.

The forum will witness the participation of more than 1,600 business leaders, including more than 900 senior CEOs and chairmen of the boards of directors of member companies and partners of the forum, in addition to more than 120 global innovators, technology pioneers and start-ups.

The Davos Forum focuses on five main areas: reimagining growth, industries in the smart age, investing in people, protecting the planet, and rebuilding trust. link

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

Tishwash:  Prime Minister's Advisor: Electronic customs declaration prevents smuggling and limits corruption and bribery

 The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed today, Sunday, that the electronic customs declaration program prevents smuggling and limits corruption and bribery. While he explained that it facilitates accurate and rapid oversight and review, he pointed out that it reduces costs for importers.

Saleh said in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the program for developing the electronic customs declaration and its entry into force is an important and positive step towards improving customs performance in particular and enhancing the efficiency of the Iraqi economy in general."

He added that "the adoption of this electronic program for customs declaration represents an important part of the reform efforts branching out from the government program in the field of e-governance and financial and economic reform, which aims to modernize administrative and financial systems, combat corruption, and raise the efficiency of Iraq's foreign trade,"

Noting that "this electronic system provides two important details in customs life in the development of customs policy applications in Iraq, as it is one of the important arms of financial policy in our country, which are: First, reducing human intervention in customs clearance operations, which reduces the opportunities for corruption and bribery."

He continued: “The second provides clear tracking of transactions, which facilitates effective, accurate and rapid customs control and review,” indicating that “the electronic customs declaration program will undoubtedly reduce the time required to complete customs declarations, in a way that supports the movement of trade and reduces the costs that fall on traders and importers. This change in the pattern of customs declarations encourages companies to import and export goods with ease and high speed.”

He explained, "As for customs revenues, the program will contribute to providing accuracy in collecting customs duties in a way that prevents customs evasion, as taxes are a form of important public revenues that the government program seeks to raise within non-oil revenues, in addition to reducing losses resulting from corruption or negligence in collecting related customs duties and taxes, as was previously followed, using manual methods and human intervention."

He pointed out that "the business environment in the national economy gives an advanced signal to investors and traders, and its precise operations should be positively reflected in the reports of multilateral international organizations within the framework of the progress of the business environment in our country, including the World Bank's periodic reports in this regard  link

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

Tishwash:  Al-Nusairi: Banks are the lever of sustainable development

Economic and banking advisor Samir Al-Nusairi confirmed, on Sunday, the completion of the Central Bank’s procedures for implementing the goals and initiatives of its third strategy 2024-2026, which is concerned with developing and restructuring the banking sector in accordance with what the consulting and auditing companies that are currently cooperating with the Central Bank and with the government in this field have reached, and that it should not be limited to support, but rather go beyond that to include the banking sector in making economic, financial, banking and investment decisions.

Al-Nusairi spoke about the challenges of the Iraqi economy and the opportunities for reform of the banking sector in the government’s program and the prospects of the Central Bank’s future vision for the role of the banking sector in sustainable development.

In light of the efforts currently being made to activate and revolutionize the productive economic sectors other than oil to diversify sources of national income and achieve financial sustainability, and the role of the Central Bank in regulating foreign trade financing and completing infrastructure projects to achieve comprehensive digital transformation and expand the use of electronic payment tools in achieving financial inclusion.

He explained that the opportunities for reforming and developing the banking sector in 2025 are as follows:

1- Developing the Iraqi banking system and its compliance with international banking and accounting standards.

2- Enhancing citizens’ confidence in the banking sector locally and internationally recognizing its transparency, progress, and strict commitment to international standards and obtaining the confidence of solid correspondent banks to deal with it.

3- Converting banks to their primary function, which is financing and bank lending for development.

4- Banks that do not provide loans and banking facilities that help in development as a lever for sustainable development lose their meaning as banks, which requires a specific position towards them from the Central Bank in 2025.

5- Seeking to move from a cash economy to a digital economy and withdrawing money outside the banking cycle and introducing it into the banking system.

He pointed out that all the above goals, although the period specified for their implementation according to the timetable of the government program and the strategy of the Central Bank ranges between (1-4 years), what was achieved in 2023 and 2024 constitutes about 60% as announced, which led to the evaluation and classification of banks based on their achievement of the planned goals. There are banks that are moving towards the required development and banks that still need an additional period of time to achieve the goals, and there are troubled banks that are now making exceptional efforts from the Central Bank and the administrations of these banks to rehabilitate them.

He added that what concerns us here is the real functional role of banks in providing loans and banking facilities and moving from a banking role to a developmental role. There are two important observations that must be taken into consideration regarding the issue of providing loans and banking facilities to stimulate the economy and development. The first: The nature of banks’ activities depends on the nature of the activities of the economic sectors, and as long as economic activity is focused on trade (imports), banks’ activity remains focused on external transfers and what is related to that, so unless other sectors move (industry, agriculture, tourism, etc.).

It is worth noting that without controlling imports, these sectors will not develop. Second: It is necessary to provide the legal environment and extend the authority of the law in order to control the speculation market in the US dollar on the black market and to eliminate the phenomenon of illegal trade through unofficial outlets.  link

**********

Mot:  the List Grows as Ya Season - it Does!!! 

Mot: . UH OH !!!!!! 

MilitiaMan & Crew Iraq Dinar News-Corruption $5 Billion Halbousi-New Currency Notes-Cash Economy-WB-WTO-24 Budget

MilitiaMan & Crew Iraq Dinar News-Corruption $5 Billion Halbousi-New Currency Notes-Cash Economy-WB-WTO-24 Budget

1-19-2025

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=IvcG7J35O0k

Sunday Night “Humor While We Wait” Posted by Mot at TNT

TNT:

Mot:  ...... Aaaaaaahhhhhh - Pure Marital Bliss it is!!!!

A young couple got married and left for their honeymoon.

When they returned, the bride immediately called her mother.

“How was the honeymoon, sweetheart?” her mother asked.

“Oh, Mum, it was wonderful! So romantic!” the bride gushed. But suddenly, her voice cracked, and she burst into tears.

“What’s wrong, dear?” her mother asked, alarmed.

“Mum, it’s Sam,” the bride sobbed. “As soon as we got back, he started using the most horrible language—words I’d never heard before! Awful, horrible four-letter words! You’ve got to come and get me! Please, Mum!”

Her mother tried to calm her down. “Sarah, take a deep breath. It can’t be that bad. What kind of four-letter words?”

“I can’t say them, Mum,” the bride wept. “They’re so embarrassing! Please just come get me!”

“Darling, you need to tell me what he said. What could be so terrible?”

Through her tears, the bride finally confessed, “Mum, he said words like dust, wash, iron, and cook!”

************
Mot:  ..... the husband asked his wife, “What did the doctor say?”

A woman went with her husband to his doctor’s appointment.

After the checkup, the doctor asked to speak with her privately.

He said, “Your husband is suffering from a serious illness, compounded by extreme stress. If you don’t follow these instructions, he’s unlikely to survive.”

The wife listened intently as the doctor continued:

“Each morning, prepare him a healthy breakfast and help him start the day in a good mood. For lunch, make sure he eats a nutritious meal, and for dinner, cook something extra special.

Avoid giving him any chores—he’ll likely be exhausted from work. Don’t bring up your problems, as it will only add to his stress. And lastly, make sure to fulfill his every sexual desire several times a week.”

The doctor concluded, “If you do all this consistently for 10 months to a year, I’m confident he’ll recover fully.”

On the drive home, the husband asked his wife, “What did the doctor say?”

Without hesitation, she replied, “You’re going to die.”

 ************

Mot: . Me Yelling ~~~~at squirrels

Mot: You don’t know cold  

Iraq Economic News and Points to Ponder Sunday Afternoon 1-19-25

The President Of The Republic Heads To Switzerland Tomorrow To Participate In The Meetings Of The World Economic Forum In Davos

Sunday 19 January 2025 17:20 | PoliticsNumber of readings: 222   Baghdad/ NINA / President of the Republic Abdul Latif Jamal Rashid will head to Switzerland tomorrow to participate in the World Economic Forum meetings in Davos./  https://ninanews.com/Website/News/Details?Key=1180927

Central Bank Of Iraq: 95% Of Dollar Sales To Boost Foreign Balances

01/19/2025  Mawazine News – Economy   The Central Bank of Iraq revealed, on Sunday, that foreign remittances constituted more than 95% of its daily sales, with the participation of 6 banks and 19 exchange companies.

According to a statement issued by the bank, its sales in today's auction amounted to 281 million, 623 thousand, and 107 dollars, at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and 1310 dinars per dollar for foreign remittances, while cash dollars were sold at 1305 dinars per dollar.

The bank indicated that most of the sales, worth 269 million, 823 thousand, and 107 dollars (equivalent to 95.91%), were allocated to strengthening foreign balances through remittances and credits, compared to cash withdrawals, which amounted to only 11 million and 800 thousand dollars.

With regard to the participating banks, the number of banks that purchased cash dollars was only one bank, while 5 banks met requests to strengthen balances abroad.  19 exchange companies also participated in the daily auction.   https://www.mawazin.net/Details.aspx?jimare=258782

Relative Stability Of The Dollar Exchange Rate In The Markets Of Baghdad And Erbil

 01/19/2025  Mawazine News – Economy  The dollar prices stabilized in the markets of the capital Baghdad, while they witnessed a decrease in Erbil, the capital of the Kurdistan Region, with the closing of the stock exchanges on Sunday.

The dollar prices remained stable in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,650 dinars per 100 dollars, the same prices recorded this morning.

Exchange rates also stabilized in the local markets in Baghdad, where the selling price reached 151,750 dinars per 100 dollars, and the buying price reached 149,750 dinars per 100 dollars.

As for Erbil, the dollar prices recorded a decrease, where the selling price reached 150,000 dinars per 100 dollars, while the buying price reached 149,900 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=258781

Gold Prices Stabilize In Baghdad

Stock Exchange  Economy News – Baghdad   The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Sunday, (January 19, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 577 thousand dinars, and a purchase price of 573 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 547 thousand dinars, and the purchase price was 543 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 580,000 and 590,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 550,000 and 560,000 dinars.   https://economy-news.net/content.php?id=52080

Iraq's Oil Exports To America Decline During The Week

Energy   The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to the United States of America decreased during the past week.

The administration said in a table seen by "Al-Eqtisad News" that "the average US imports of crude oil during the past week from 10 major countries amounted to 5.964 million barrels per day, down by 322 thousand barrels per day from the previous week, which amounted to 6.016 million barrels per day."

She added that "Iraq's oil exports to America amounted to 152 thousand barrels per day last week, down by 28 thousand barrels per day from the previous week, which amounted to 180 thousand barrels per day."

The administration also indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 3.985 million barrels per day, followed by Mexico at an average of 362 thousand barrels per day, followed by Saudi Arabia at an average of 333 thousand barrels per day, and from Colombia at an average of 262 thousand barrels per day."

According to the table, "the amount of US imports of crude oil from Venezuela was 240 thousand barrels per day, from Brazil it was 129 thousand barrels per day, from Ecuador it was 103 thousand barrels per day, and from Libya it was 86 thousand barrels per day https://economy-news.net/content.php?id=52078

l-Nusairi: Banks Are The Lever Of Sustainable Development

Banks  Economy News – Baghdad   Economic and banking advisor Samir Al-Nusairi confirmed, on Sunday, the completion of the Central Bank’s procedures for implementing the goals and initiatives of its third strategy 2024-2026, which is concerned with developing and restructuring the banking sector in accordance with what the consulting and auditing companies that are currently cooperating with the Central Bank and with the government in this field have reached, and that it should not be limited to support, but rather go beyond that to include the banking sector in making economic, financial, banking and investment decisions.

Al-Nusairi spoke about the challenges of the Iraqi economy and the opportunities for reform of the banking sector in the government’s program and the prospects of the Central Bank’s future vision for the role of the banking sector in sustainable development.

 In light of the efforts currently being made to activate and revolutionize the productive economic sectors other than oil to diversify sources of national income and achieve financial sustainability, and the role of the Central Bank in regulating foreign trade financing and completing infrastructure projects to achieve comprehensive digital transformation and expand the use of electronic payment tools in achieving financial inclusion.

He explained that the opportunities for reforming and developing the banking sector in 2025 are as follows:

1- Developing the Iraqi banking system and its compliance with international banking and accounting standards.

2- Enhancing citizens’ confidence in the banking sector locally and internationally recognizing its transparency, progress, and strict commitment to international standards and obtaining the confidence of solid correspondent banks to deal with it.

3- Converting banks to their primary function, which is financing and bank lending for development.

4- Banks that do not provide loans and banking facilities that help in development as a lever for sustainable development lose their meaning as banks, which requires a specific position towards them from the Central Bank in 2025.

5- Seeking to move from a cash economy to a digital economy and withdrawing money outside the banking cycle and introducing it into the banking system.

He pointed out that all the above goals, although the period specified for their implementation according to the timetable of the government program and the strategy of the Central Bank ranges between (1-4 years), what was achieved in 2023 and 2024 constitutes about 60% as announced, which led to the evaluation and classification of banks based on their achievement of the planned goals.

There are banks that are moving towards the required development and banks that still need an additional period of time to achieve the goals, and there are troubled banks that are now making exceptional efforts from the Central Bank and the administrations of these banks to rehabilitate them.

He added that what concerns us here is the real functional role of banks in providing loans and banking facilities and moving from a banking role to a developmental role. There are two important observations that must be taken into consideration regarding the issue of providing loans and banking facilities to stimulate the economy and development.

The first: The nature of banks’ activities depends on the nature of the activities of the economic sectors, and as long as economic activity is focused on trade (imports), banks’ activity remains focused on external transfers and what is related to that, so unless other sectors move (industry, agriculture, tourism, etc.).

It is worth noting that without controlling imports, these sectors will not develop. Second: It is necessary to provide the legal environment and extend the authority of the law in order to control the speculation market in the US dollar on the black market and to eliminate the phenomenon of illegal trade through unofficial outlets.   https://economy-news.net/content.php?id=52082

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