More News, Rumors and Opinions Wed. Afternoon 3-5-2025

KTFA:

Clare:  Iraq increases its gold reserves by 10 tons

3/5/2025

The World Gold Council announced on Wednesday that Iraq has increased its reserves of the precious metal by 10 tons.

According to the latest schedule published by the Council in March, which Shafaq News Agency reviewed, "Iraq increased its gold holdings by 10 tons to reach 162.7 tons after it was 152.7 tons during the past month, which represents 13.6% of its other remaining reserves."

He added, "Iraq reached the 28th rank on the list out of 100 countries included in the table," indicating that "Iraq came in fourth place in the Arab world after Saudi Arabia, Lebanon and Algeria."

The Council pointed out that "the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133 thousand tons, followed by Germany with 3,351 thousand tons, then Italy with 2,451 thousand tons, while Iceland came in last with 2 tons."

Increasing gold reserves means increasing the amount of gold held by the state or the central bank as a financial reserve, in order to enhance financial security and the ability to confront economic or financial crises.

The World Gold Council is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.   LINK

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Clare: In the coming days.. Parliamentary expectations of resuming the export of Kurdistan oil via Ceyhan

3/5/2025  Information / Baghdad.. 

Member of the Iraqi Council of Representatives Yahya Al-Muhammadi expected, on Wednesday, the consumption of oil exports from the Kurdistan Region via Ceyhan, Turkey, after it had been suspended for many months.

Al-Muhammadi said in a statement to / Al-Maalouma / agency, that “amending Article 12 constitutes a roadmap for resuming oil exports,” noting that “oil exports will be via Ceyhan, Turkey, through the SOMO company.” 

He added that "Article Twelve of the Budget Law, which was previously amended, includes compensating the Kurdistan Regional Government for the costs of production and transportation for extracting oil, which the central government set at sixteen dollars."

He pointed out that "the Kurdistan Region is on the threshold of exporting oil and handing over oil revenues to the central government according to the mechanisms specified in the Budget Law and its amendment."   LINK

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

Mnt Goat  ...we are not likely to see any reinstatement of the dinar until Iran is broken. I mean the government leadership toppled and the terrorist networks abolished...I am told by my CBI contact this must take place to move ahead in Iraq and free Iraq. As long as Iran exists in its present state, the U.S. is NOT going to release (or free) its dinar to the world.  [Post 1 of 2....stay tuned]

Mnt Goat In the midst of the issues with Iran and the U.S., things are still moving ahead in Iraq. It may be an uphill battle for Al-Sudani and Al Ali-Alaq but they is still aggressively moving forward...the dinar is finally rising in relation to the dollar. Yes, the dinar is finally slowly rising. It should not be long before Iraq rises to the top of the middle east and they advance in the rest of the world in global stature.  [Post 2 of 2]

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Proof the IQD Is Set to Increase in Value!

Edu Matrix:  3-5-2025

In this eye-opening video, join Sandy as we explore the crucial factors influencing your IQD investment. Discover how the Iraqi Dinar is strategically positioned for a potential increase in value, guided by insights from an ex-CIA officer.

Gain a deeper understanding of the U.S. economy and how it ties into international trade benefiting Iraq’s currency. Learn how Iraq's Development Road Services could boost the demand for IQD, driving its value higher.

What if the exchange rate reaches 25 cents to one IQD? Could you be in line for a significant return?

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

DUMP IT! US DOLLAR FREEFALL... (GET OUT OF THE DOLLAR NOW). IMPORTANT UPDATES.

Greg Mannarino:  3-5-2025

https://www.youtube.com/watch?v=M-ghDKlsRBw

Tariffs to Cause Ripple Effects in the Gold Market

Tariffs to Cause Ripple Effects in the Gold Market

Arcadia Economics:  3-4-2025

Financial analyst Jim Willie is sounding the alarm, claiming the recent implementation of Trump’s tariffs at midnight is a watershed moment with potentially massive implications for the gold market and the global economy.

In a recent appearance on Arcadia Economics, Willie expressed a level of excitement rarely seen, suggesting these tariffs are triggering a cascade of events more significant than anything he’s witnessed since launching his influential newsletter back in 2003.

Willie’s optimism, while perhaps counterintuitive given the potential for economic disruption, stems from his belief that these tariffs are a catalyst for exposing underlying vulnerabilities and ultimately reshaping the financial landscape.

He argues that the tariffs will act as a chokehold on global trade, disrupting supply chains and potentially triggering inflationary pressures.

“This isn’t just about trade,” Willie explains. “It’s about unraveling decades of unsustainable economic practices. The tariffs are a pressure point, forcing nations to re-evaluate their reliance on the dollar and explore alternative trading mechanisms.”

According to Willie, the disruption caused by the tariffs will expose the fragility of the current financial system, pushing investors towards safe-haven assets like gold.

He anticipates a significant surge in demand for gold as governments and individuals alike seek to protect their wealth from currency devaluation and economic instability.

“Gold is the ultimate insurance policy,” Willie argues. “As the global economy teeters, people will flock to it. The tariffs are essentially throwing gasoline on the fire, accelerating the inevitable shift towards a gold-backed system.”

While many economists and analysts express concern over the potential negative consequences of trade wars, Willie views them as a necessary evil. He believes they are forcing nations to confront long-ignored imbalances and pave the way for a more equitable and sustainable global financial order.

Whether Willie’s predictions prove accurate remains to be seen. However, his perspective offers a compelling counterpoint to the prevailing narrative surrounding the Trump tariffs, suggesting they could be the catalyst for a significant shift in the gold market and the global economy. Investors and economic observers alike will be closely watching the developments in the coming months to see if Willie’s bullish predictions for gold come to fruition.

https://youtu.be/S-JI0qSKVUc

Mark Z Chats from Tues PM and Wed. AM 3/4 and 3/5

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

From Tuesday Night Podcast: 

MZ:  On the bond side…have to be careful what I can say right now. But news is screaming in right now.

MZ: What I can comfortably say at this point: The overwhelming amount of my bond sources are very excited about what they have learned today and the appointments they have been to. They are now being told that all the seven major groups will be paid in full over the next two weeks.

MZ: Now that does not mean we will be waiting that long. But this is huge news. It means they are rolling it out. They are about to receive full funding….and its starting right away.

MZ: I am excited about the sheer number of contacts that told me today was the day they started moving forward.

MZ: I was even told they were taking the historic art that is tied to bonds.

MZ: “The IRS is drafting plans to cut as much as half its 90,000 person work force. AP sources say”  Many now believe they will be cut….or perhaps they will be processing the new national sales tax income. I believe we may be watching Nesara and Gesara happening in real life.

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From Wednesday AM podcast: Coffee with MarkZ, joined by Andy Schectman. 03/05/2025

Member: Good morning to all……

Member: What’s everyone gut feeling on the RV time frame? Days, weeks, months, years?

Member: I think it could go at anytime.

Member: Looks like the gurus are on the same page with the RV going soon…Frank said the same

MZ: So many things are lining up and it’s a little spooky. Things look really great. But can we take it to the bank?  Not yet.

Member: Frank26 say Aki and team saw the new rate and date

MZ: “Turkey informs Iraq of the readiness of the Ceyhan pipeline to receive Kurdistan oil” They are reiterating the pipeline is ready , and has been ready for about a year and a half

MZ: “Egypt is looking forward to a “river of dollars” that will come from Iraq. What’s up?”  This is about agreements between oil ministers …Egypt is looking forward to finished petroleum products to help protect them from variances in oil prices.   They have partnered with Iraq to expand their economic base.

MZ: “Annual inflation in Iraq drops to 2.8%”  Flashback to Shabibi- “Give me a safe and stable Iraq and I will give you a new rate”

MZ: Again an article about gold in Iraq: “ Iraq raises its gold reserves by 10 tons” Their gold reserves have reprted an increase of about 45%.  They told us years ago that the I-dinar would be a digital dinar backed by physical gold, oil reserves and a basket of currencies. We are watching it play out. .

Member: Iraq has huge amounts of gold and other minerals in the ground still  

Member: The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that there are 20 Iraqi banks that practice direct transfer operations in 8 foreign currencies.

Member: Saturday ends the oil/electricity deal between Iraq and iran

Member: Will Iraq have an RV or an RI ? (Revalue or reinstatement)

MZ: I think it will be an RI. Around $3.23 or so at the bare minimum…..  More if they take into account-inflation.

MZ: On the bond side we continue to hear of great successes and I continue to be told that by the 17th or 18th of March all bonds would be paid. I was always told only a portion needed to be paid before we get to go.

MZ: I think how we get further into this it will be harder to hide what is going on. How its moving…what is moving…. and who has money. I think things will get pretty exciting over the upcoming week.

Member: Jentel says 80% of bonds are done

MZ: I don’t think they are done yet…but they are all positioned and when they release those funds….boom…she is right and 80% will be finished immediately.

Member: Mike Bara said he know of bond people that got paid and asked to make a currency exchange and the appointment is today

MZ: I do some have been asked to make currency appointments but do not know anyone who has an appointment before the 7th. I am trying to get an update to see if they actually still have that appointment …but I havnt heard anybody say they have appointments today.

Member: was hoping to hear a Nesara announcement on Trumps speech last night…..

 Member: I think Nesara is rolling out slowly already…..no announcement needed.

MZ: It was a great speech….was just hoping for a bit more.

Member: I thought the major announcement was that he said he wanted to balance the budget knowing that the last time they balanced the budget was in 1991 when the Kuwaiti dinar valued

Member: A balanced budget is only a request from the President…it takes a concerned Congress to DO IT!

Member: I wish he talked about going to gold standard or any hints as to what we are waiting for…..but maybe we need the audits of the US Treasury, Fed Reserve and Fr. Knox for that?

Member: My fellow Americans, get ready for an incredible future, because the golden Age of America has only just begun. It will be like nothing that has ever been seen before. "

Member: Hopefully DOGE is still working on that behind the scenes.

Member: What happens if they open Ft. Know and there is no gold there?

MZ: What happens if there is more gold there than previously thought?  The US would be extremely prosperous . but either scenario would destroy the Fed. Reserve.

MZ:  An audit of Ft. Knox has a lot of support now.

Member: we read when it was first brought up that Rand Paul had audit scheduled to be completed around 3-14

Member: Everyone have a good day and don’t give up… The best is yet to come.

Andy Schectman from Miles Franklin joins the stream . Please listen to the replay for his information and opinions.

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

Kick:  https://kick.com/theoriginalmarkz

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 3-05-25

Good Morning Dinar Recaps,

US SENATE VOTES TO OVERTURN CONTROVERSIAL CRYPTO TAX REPORTING RULE

The resolution now awaits a parallel version to advance in the House which must pass a floor vote before heading to Trump’s desk.

On Wednesday, the U.S. Senate passed a resolution to overturn an Internal Revenue Service rule requiring brokers to report gross proceeds from digital asset sales, delivering a significant victory for President Donald Trump’s administration and crypto industry advocates.

The measure, introduced under the Congressional Review Act, passed in a 70-27 vote, with Republicans largely united against the rule and many Democrats crossing the aisle in support.

It’s “absolutely mind-blowing” how many Democrats were willing to overturn a rule issued in the Biden Administration, Kristin Smith, CEO of the Blockchain Association, a Washington-based crypto lobbying group, told Decrypt.

The resolution now awaits a parallel version to advance in the House which must pass a floor vote before heading to Trump’s desk for final approval.

The IRS rule, finalized in December 2024 during the final weeks of the Biden administration, significantly expanded the definition of a “broker” to include decentralized finance protocols.

Industry critics argued the measure would impose impossible compliance burdens on permissionless financial systems, force DeFi protocols to register as traditional financial brokers, and require all U.S. DeFi users to tie their on-chain addresses to their identities.

"Today marks the first of many historic milestones in the regulation of digital assets in the United States in this next chapter—as we move towards the enactment of the first standalone crypto legislation," a spokesperson for the DeFi Education Fund, another D.C.-based crypto lobbying group told Decrypt.

"The DeFi Education Fund applauds the bipartisan supermajority of Senators who recognized the need to push back against regulatory overreach to protect Americans’ freedom to choose how they transact and American innovation."

The Trump administration formally backed the repeal effort on Tuesday, with David Sacks, Trump’s crypto policy chief, saying the White House “strongly supports” the resolution.

“This rule, issued as a midnight regulation in the final days of the previous administration, would stifle American innovation and raise privacy concerns over the sharing of taxpayers’ personal information, while imposing an unprecedented compliance burden on American DeFi companies,” Sacks said in a statement.

@ Newshounds News™

Source:  Decrypt

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SEC REPORTEDLY OFFERING $50K INCENTIVE FOR ELIGIBLE STAFF TO RESIGN

The SEC is among other US agencies that have been offering staff financial incentives to quit under Trump’s cost-cutting DOGE initiative.

The United States Securities and Exchange Commission is reportedly offering eligible employees financial incentives to resign or retire from the agency amid an ongoing wave of staffing changes from the regulator.

The US securities regulator is reportedly offering staff $50,000 to resign or retire by April 4, according to a March 4 Bloomberg report citing an email it reviewed.

The email, which described the offer as a “voluntary separation incentive” or “voluntary early retirement program,” was reportedly sent on Feb. 28 by SEC chief operating officer Ken Johnson to all employees.

The deadline to apply for the incentive is March 21, and eligible employees must have been on the agency’s payroll before Jan. 24. They must also voluntarily leave through resignation, transfer to another agency, or retire. They can not return to the SEC within five years. If they do so, they must pay back the incentive in full, the memo states.

The moves come as the Trump administration seeks to slash federal government staff under the Department of Government Efficiency (DOGE), led by Elon Musk.

The department has removed more than 100,000 of the federal government’s 2.3 million workers through a combination of layoffs and buyouts, reported Reuters.

Cointelegraph reached out to the SEC for comment but did not receive an immediate reply.

In early February, it was reported that the SEC was starting to scale back its 50-staff crypto enforcement unit. At the same time, SEC Commissioner Hester Peirce outlined the agency’s new approach to regulating the crypto markets, including evaluating the security status of crypto assets.

The US labor market is in the spotlight this week with key reports on nonfarm employment data, initial jobless claims data and the February Jobs Report due. These reports are considered important economic indicators, as the shift in the number of positions is strongly associated with the overall health of the economy.

Meanwhile, the SEC has dismissed legal action against a number of prominent crypto companies in recent weeks, including Coinbase, Consensys, Robinhood, Gemini, Uniswap and most recently, Kraken.

@ Newshounds News™

Source:  CoinTelegraph

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Thank you Dinar Recaps

This Might Actually Work: America’s Golden Visa

This Might Actually Work: America’s Golden Visa

Notes From the Fiefld By James Hickman (Simon Black)  March 4, 2025

In 2012, Puerto Rico was in the depths of a nearly decade-long recession and looming debt crisis.

The island had lost about 10% of its population— mostly young, educated professionals, i.e., the most lucrative members of its tax base.

So politicians did something radical: they established incredibly attractive tax incentives in order to attract new residents. Among others, the incentives provide a 4% corporate tax rate to approved businesses, and a 0% tax rate on investment income.

This attracted thousands of individuals and businesses from the US mainland.

That’s because, while US citizens typically have to pay taxes to the US government no matter where they live or earn their income, Puerto Rico is a rare exception where bona fide residents can escape US federal income taxes, according to the US tax code.

And Puerto Rico’s tax incentives were successful in attracting a lot of wealth to the island. In fact, I moved there myself and established a business under the incentives.

Countries often use their tax or immigration policies to attract new residents or businesses.

Also in 2012, for example, Portugal was facing a severe economic crisis. So in response, the government introduced its golden visa program, which provided residency to individuals who purchased qualifying real estate in the country.

The plan worked: by 2023, Portugal had issued over 11,000 golden visas to investors and 18,000 members of their families, attracting around €7 billion in foreign investment.

But by late 2023, after locals became fed-up with rising real estate prices, Portugal ended the real estate investment option.

But Portugal’s success inspired other European nations to launch similar programs. Some, like Spain’s, are also being terminated due to its success and rising real estate prices, while others programs like Greece’s, have merely raised the investment requirement. Still other countries, such as Hungary, are introducing their own programs.

Now, the United States is considering a similar approach with what the President is calling the “Gold Card” instead of “Green Card”.

At first glance that may seem seem odd, given that the US is already a highly attractive destination for investors and foreigners.

But the US is also the most indebted country in the history of the world. And it has a notoriously horrible immigration system.

For example, why on earth does the “Green Card Lottery” exist? The US should be awarding permanent residency to the best and brightest immigrants, not randomly picking out of a hat who gets to come in.

Unlike current US investor visas, the proposed “Gold Card” would require a significantly higher investment of $5 million, which is pretty steep just for residency.

But once again, the program it would replace is idiotic.

The existing US Immigrant Investor Program, the EB-5, requires an investment of around $1 million.

But it requires investors to navigate the Byzantine US immigration system. This includes submitting a business plan to State Department bureaucrats, as if they’re qualified to judge the merits of a business.

The old EB-5 program has injected billions into the US economy, but it has also faced scrutiny for fraud and administrative backlogs.

This proposed “Gold Card” visa differs in that it there is no mandate to generate US jobs, and there is no cap on the number of visas they can issue.

So the theoretical upper limit on revenue is huge.

The President mused, “if we sell a million, that’s $5 trillion... If we sell 10 million, which is possible — 10 million highly productive people coming in... that’s $50 trillion. That means our debt is totally paid off, and we have $15 trillion above that.”

Based on our analysis, we don’t think that’s a realistic estimate.

Outside of the United States, there are only about 120,000 “Ultra High Net Worth” individuals globally who are worth more than $50 million, according to UBS’ latest Global Wealth Reports.

So at a price tag of $5 million, those 120,000 people would be the primary target.

Even if half of them came to the United States, which is an extremely high estimate, it would be $300 billion, which doesn’t really move the needle.

But if they were to reduce the price tag to, say, $1 million, especially if it could be paid over time, then the global market could potentially generate millions of applications, and the total revenue potential for the federal government could go into the trillions.

It’s also worth pointing out that new foreign residents who cough up a million dollars to become new US residents should have a significantly positive impact on the economy.

The President also teased an idea of providing tax incentives as well, that they would only owe tax on their US income, and not their foreign income.

Currently, citizens and Green Card holders owe tax to the US government on their worldwide income. What the President is referring to is known as “non-domiciled” or “non-dom” tax regime, where only income earned in the US would be taxed.

“Non-dom” tax regimes are nothing new. The UK had a very popular one until they screwed it up last year. As a result, many welathy foreigners who were living in London are now fleeing to places like Switzerland, where you can negotiate a tax deal directly with the government.

There’s no clearer contrast to the right and the wrong approach to attracting wealth and talent to your country.

America should be considering all its options if there is any hope of reversing the decline.

And this is a good sign of that mindset. However, the outcome is still far from certain.

On the other hand, from an individual American’s perspective, it’s great that there are already golden visa programs around the world that can help you diversify internationally with foreign residency, property ownership, and investment.

Because if you live, work, invest, and have everything you hold dear in one jurisdiction (which happens to be the most indebted government in the history of the world) that’s a significant risk.

With problems the size of America’s, you don’t want all your eggs in one basket.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/this-might-actually-work-americas-golden-visa-152159/

News, Rumors and Opinions Wednesday PM 3-5-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 5 March 2025

Compiled Wed. 5 March 2025 12:01 am EST by Judy Byington

What We Think We Know as of Wed. 5 March 2025:.

Bill HR25 has been introduced into Congress that reads: “To promote Freedom, Fairness and Economic opportunity by repealing the Income Tax and other taxes, abolish the Internal Revenue Service and enacting a National Sales Tax to be administered primarily by the states.”

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Possible Timing:

Fri. 7 March 2025: Trump White House Crypto Summit. Trump Bitcoin is about to change everything.

Sat. 8 March 2025: Trump to kickoff the largest Economic Change in History

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Global Currency Reset:

Sun. 2 March 2025 Aerial on X: The revaluation of the Iraqi Dinar is for the New Republic that basically begins on Tues. 4 March when President Trump addresses both houses of Congress.

On Sun. 2 March 2025 the Iraqi Minister of Finance (allegedly)  announced the new Dinar Rate would go on the Forex.

On Sun. 2 March 2025 the IMF (allegedly)  bought off on release of the Iraqi Dinar as a reserve currency. …Brothers Technology on X

Mon. 3 March 2025 Wolverine: We hear bondholders are getting paid.

Mon. 3 March 2025 Michael Ruben: Sources say it is this week. Other sources say Pres Trump signed off on the RV a few days ago, these sources do not know one another, but all had the same info. Trigger groups (allegedly)  start tomorrow and it has been heard that tomorrow is notification day, and we are waiting for spendable money, and told it is all coming tomorrow. For the first time ever, I have been on calls with paymasters and banks, and heard it is all happening this week, and some private sector bondholders are getting paid this week.

Mon. 3 March 2025 Mike Bara: I am hearing the exact things as Wolverine. you are.  I have a few contacts and they are all focusing on tomorrow and Tuesday in the USA. There is pressure to do this overnight.  Also have heard from people who know bond contacts that they were paid out last week, and that they have currency exchange appts starting tomorrow. That is the first time I ever heard about currency exchanges. Don’t be disappointed if not first thing tomorrow, but all is pushing toward that. All Wolverine’s sources are different than mine, and it appears all is coming together. I heard those appts are scheduled at major banks for people who have already cashed in certain bonds, and they are scheduled for currency exchanges. 

Tues. 4 March 2025 MarkZ: All of my bond contacts checked in. They are VERY excited… All seven of the major groups said In their meetings today they learned they will be paid out over the next couple of weeks. This doesn’t mean it will take this long for the currencies. They are even starting to take some of the historic art tied to bonds.

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Tues. 4 March 2025 Bruce:

Everyone will get the 800 numbers at the same time through emails.

Bond Holder accounts have been funded. They should receive emails telling them they have access to their accounts at the same time Tier4b (us, the Internet Group) gets notified.

The Dinar rate is much higher at the Redemption Center because Tier4b gets the contract rate.

Nesara and Gesara won’t start to occur until this coming weekend.

Bond Holders will get notification tomorrow Wed. 5 March.

Tier4b notification should come out sometime Wed. 5 March.

R&R deposits should be in your account this month.

The DOGE checks should come out in the first ten days of March.

Social Security increases should happen this month of March.

Read full post here:  https://dinarchronicles.com/2025/03/05/restored-republic-via-a-gcr-update-as-of-march-5-2025/

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

Jeff  They did not have any currency auctions as of...Monday March 3rd.  Now, what were the 2 critical things the central bank states to us through the year '24 (which by the way, you're still in) - End the use of the dollar and end the currency auctions.  Last Thursday/Friday they said the citizens debit cards would no longer be able to access US dollar cash outside the country of Iraq.  That's one way of exiting the dollar.  They also said the currency auctions would end.  When does their fiscal period end?  The very end of March.  When does the new budget period start?  April 1st.  Boom there you go!  Rate is changing in March folks!

Frank26   Sudani is now passing out permits for mineral rights in Iraq.  Pay attention...Iraq's wealth is immeasurable...you cannot measure it.  It's like if someone says to you, count the stars.  You cannot count the stars...You've got oil...gas...dates...produce...gold, silver, titanium, platinum.  It is amazing.  Precious metals is just one topic!  ...1310 has nothing to do with it.

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Monetary Realignment: Dollar System Is Dying | Mario Innecco

Liberty and Finance:  3-4-2025

Mario Innecco delves into the evolving dynamics of the gold market, highlighting the substantial outflows from London and the potential risks facing the London bullion market.

He examines shifting demand trends from both retail and institutional investors, the growing role of central banks—particularly those in BRICS nations—in accumulating gold, and key economic indicators pointing to a potential downturn in the stock market.

The discussion also emphasizes the significance of the Dow-Gold ratio and the prospects of gold as a safe haven asset in the face of rising economic uncertainty.

INTERVIEW TIMELINE:

 0:00 Intro

1:45 London gold flows

 7:29 Monetary realignment

 11:28 Dow/Gold ratio

 15:50 Stock market

17:50 Red alerts

19:00 Run on gold

https://www.youtube.com/watch?v=A6el2Hjan3E

“Tidbits From TNT” Wednesday Morning 3-5-2025

TNT:

Tishwash:  Central Bank: 20 Iraqi banks practice direct transfer operations in 8 foreign currencies

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that there are 20 Iraqi banks practicing direct transfer operations in 8 foreign currencies.

Al-Alaq said, according to the official agency, that "the recent quarterly meetings with the US Federal Reserve and the Treasury Department, which were held in Dubai, were very positive, as the steps taken by the Central Bank to improve the foreign transfer system and convert operations to international practices in a safe, transparent and highly organized manner were praised."

Al-Alaq pointed out that "this transformation is the first of its kind in Iraq, which witnessed transitional stages from (the window) to (the platform) and then to correspondent banks."

He continued, "Today, there are 20 Iraqi banks practicing direct transfer operations with international correspondents in eight foreign currencies, within the new system."

Al-Alaq explained that "the other banks that are still outside this framework are now working to qualify them according to specific standards, in cooperation with an international consulting company, to apply the necessary standards that qualify them to join foreign transfer operations."
He stressed that "there are no new sanctions or changes, but on the contrary, there is praise and appreciation from international bodies, especially with regard to the mechanism of selling cash dollars.

" Al-Alaq stressed the "need to focus on these successes to show a positive image of the transformations in the Iraqi banking sector, which will be positively reflected in the dealings of international financial institutions with Iraqi banks."  link

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Tishwash:  Government Advisor: Electronic Payment Enhances Dinar Stability, Shrinks Parallel Market

 The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the public’s increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US dollar, which has contributed to its gradual decline.

Saleh explained in a statement to {Euphrates News} agency, that "the modern monetary policies that were recently implemented have proven their effectiveness in achieving financial and economic stability, as annual inflation rates have decreased to levels not exceeding 3%, which reflects the strength and stability of the Iraqi dinar against foreign currencies.

The financial advisor pointed out that the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels, which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar.

Saleh stressed the importance of continuing efforts to enhance the use of electronic means in financial transactions, given its pivotal role in supporting the national economy and combating illegal practices associated with the parallel currency market.

He stressed that these achievements come within the framework of a comprehensive strategy aimed at achieving sustainable financial stability and enhancing the confidence of citizens and investors in the future of the Iraqi economy, calling on all segments of society to engage more in the use of electronic payment tools in the interest of the national economy. link

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Tishwash:  Nineveh, Kirkuk and Tikrit are deprived of the dollar.. It's time, Baghdad, the airport is ready

Exchange representative spoke to 964

 Mosul (Nineveh) 964

Nineveh does not receive its share of the dollar despite the city’s stability for 9 years, and the restrictions affect many travelers from Nineveh, especially patients and students who need remittances to or from the city. Talk of the dollar problem has returned to the forefront in conjunction with the imminent opening of Mosul Airport.

Abdullah Khalil, a representative of Nineveh exchange companies, says that they have complied with the Central Bank’s requests to merge every 10 companies to form a new Category A company, but the red tape is still hindering the entry of these companies into the dollar auction. In the past, Nineveh included 90 companies, each of which received $1.2 million per month. Today, only two companies have met the merger criteria, in addition to 7 companies ready to merge, compared to 100 companies receiving dollars in Baghdad. According to Khalil, the return of the dollar to Mosul will serve all neighboring governorates deprived of the dollar, such as Salah al-Din and Kirkuk, in addition to Kurdistan. Economists in Baghdad have previously called for the necessity of resuming the injection of dollars into the western governorates, which would relieve pressure on the capital and the south.

In the event that The dollar has been pumped into Nineveh, and each company's share will be about 2 million dollars per month, which will contribute to stimulating economic activity and improving the situation of affected companies

Abdullah Khalil - Representative of exchange companies in Nineveh:

Since 2014, exchange companies have stopped working by decision of the Central Bank.

In 2021, 47 companies were opened by the Central Bank.

When we reviewed the receipt of Nineveh Governorate’s share of the dollar, the Central Bank stipulated that every 10 companies merge into one company to be classified as A and to be able to enter the Central Bank’s dollar selling window.

Indeed, we have merged 10 companies two and a half years ago, but we suffer from red tape, which is disrupting our work.

Nineveh does not have a Class A company, which has the right to receive dollars from the Central Bank and sell them to travelers.

We also do not have external outlets through international companies such as Western Union.

We asked the Central Bank to exempt Nineveh from this matter, knowing that Baghdad has 100 category A companies.

Opening companies in Nineveh will serve nearby cities such as Kirkuk, Salah al-Din, Erbil, and Dohuk, which do not have Class A companies and do not receive dollars from the bank.

For 11 years, Nineveh has not received its share of the dollar, and I hope that through you our voice will be heard and that there will be an exception decision from the Central Bank, especially since Mosul is about to open the airport, and it is expected that tourism and trade will increase.

Previously, we had 90 companies, each of which was receiving $1.2 million per month.

Today we have two companies ready to take over, and there are 7 companies ready to merge.

There are 20 companies banned by the Central Bank from trading in dollars, and their dealings are limited to Iraqi dinars only.

We pay fees and taxes to the bank, just like the rest of the governorates that receive dollars and have external transfers.

Each company's share will be $2 million per month if the Central Bank pumps dollars into Nineveh.

There are patients traveling outside Iraq who need remittances from Nineveh, but they cannot receive them or vice versa.

Issam Zenkana - Economic Researcher:

After 9 years of liberating Nineveh, restrictions on exchange companies are supposed to be lifted and they and citizens are supposed to be allowed to trade in dollars.

These restrictions negatively affected the commercial movement in the city, especially among merchants.

There is supposed to be a government banking operation based on academic financial steps built on the foundations of a free economy.  link

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Mot: .. Making Progress I Is!!!

Mot:  A housewife poses with a week's worth of groceries in 1947.

A housewife poses with a week's worth of groceries in 1947.

She spent $12.50 a week to buy all her groceries except milk.

On this she managed to feed herself, her husband, her four-year-old twins and the family cat.

Iraq Economic News and Points to Ponder Tuesday Evening 3-4-25

Iraq Sets July 2025 Deadline To End Cash Payments, Digitize Payroll

Prime Minister Mohammed Shia Al-Sudani   Electronic Payment Systems  --  2024-11-04 Shafaq News/ Prime Minister Mohammed Shia Al-Sudani directed, on Monday, that salaries for private sector employees be processed through bank accounts, similar to the system for government employees, as part of a push to phase out cash payments across government institutions by July next year.

According to a statement issued by Al-Sudani’s media office, “In line with the government’s financial and economic reform plan, which is one of its top priorities, Al-Sudani has directed the implementation of several steps to enhance and develop electronic payment systems and services:

Work towards the domiciliation of salaries for private sector employees, similar to the public sector, by tasking the Ministry of Labor and Social Affairs and the Central Bank of Iraq to collaborate with select private sector institutions to establish an appropriate mechanism for this purpose.”

“All ministries and government institutions shall transition from cash payments to electronic payment for payment collections and related transactions. Each ministry or government institution must submit a comprehensive plan for this transition by December 31, 2024, with full implementation to commence by July 1, 2025,” as per the statement.

https://shafaq.com/en/Economy/Iraq-sets-July-2025-deadline-to-end-cash-payments-digitize-payroll

Iraq Pushes For Full Electronic Payment Transition By 2025

Published: 4th November, 2024  In alignment with Iraq’s ongoing financial and economic reform agenda, Prime Minister Mohammed S. Al-Sudani has directed the government to implement key initiatives aimed at advancing and modernising electronic payment systems and services across the country.

This move comes as part of broader efforts to streamline economic processes, reduce reliance on cash, and foster greater financial inclusion.

A significant step in this reform involves the domiciliation of salaries for private sector employees, a model already in practice within the public sector. To achieve this, the Prime Minister has mandated the Ministry of Labor and Social Affairs and the Central Bank of Iraq to engage with selected private sector institutions to devise a mechanism that will facilitate this transition. The aim is to enhance the financial stability of private sector workers and integrate them more effectively into the formal financial system.

Furthermore, in a bid to modernise public sector financial operations, Prime Minister Al-Sudani has instructed all ministries and government institutions to transition from cash-based payment methods to electronic payment systems for all transactions, including payment collections.

To ensure a smooth implementation, each ministry and institution is required to present a comprehensive transition plan by December 31, 2024. The full shift to electronic payments is expected to commence by July 1, 2025.

These initiatives mark a substantial effort to modernise Iraq’s financial infrastructure, reflecting the government’s commitment to economic growth, transparency, and technological advancement.

The Prime Minister’s Media Office continues to emphasise that these measures are pivotal for economic stability and will contribute to more efficient government operations and improved public services.

Source: Prime Minister Office https://www.iina.news/iraq-pushes-for-full-electronic-payment-transition-by-2025/

Government Advisor: Electronic Payment Enhances Dinar Stability, Shrinks Parallel Market

2025/03/04 Read: 1,275 times  {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the public’s increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US dollar, which has contributed to its gradual decline.

Saleh explained in a statement to {Euphrates News} agency, that "the modern monetary policies that were recently implemented have proven their effectiveness in achieving financial and economic stability, as annual inflation rates have decreased to levels not exceeding 3%, which reflects the strength and stability of the Iraqi dinar against foreign currencies.

The financial advisor pointed out that the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels, which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar.

Saleh stressed the importance of continuing efforts to enhance the use of electronic means in financial transactions, given its pivotal role in supporting the national economy and combating illegal practices associated with the parallel currency market.

He stressed that these achievements come within the framework of a comprehensive strategy aimed at achieving sustainable financial stability and enhancing the confidence of citizens and investors in the future of the Iraqi economy, calling on all segments of society to engage more in the use of electronic payment tools in the interest of the national economy.   LINK

Al-Alaq: 20 Iraqi Banks Practice Direct Transfer Operations

Banks   Economy News – Baghdad  The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that there are 20 Iraqi banks that practice direct transfer operations in 8 foreign currencies.

Al-Alaq said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the recent quarterly meetings with the US Federal Reserve and the Treasury Department held in Dubai were very positive, as the steps taken by the Central Bank to improve the foreign transfer system and convert operations to international practices in a safe, transparent and highly organized manner were praised.

" Al-Alaq pointed out that "this transformation is the first of its kind in Iraq, which witnessed transitional stages from (the window) to (the platform) and then to correspondent banks."

He continued, "Today, there are 20 Iraqi banks practicing direct transfer operations with international correspondents in eight foreign currencies, within the new system."

Al-Alaq explained that "other banks that are still outside this framework are now working to qualify them according to specific standards, in cooperation with an international consulting company, to apply the necessary standards that qualify them to join foreign transfer operations."

He stressed that "there are no new sanctions or changes, but on the contrary, there is praise and appreciation from international bodies, especially with regard to the mechanism for selling cash dollars."

Al-Alaq stressed the "necessity of focusing on these successes to show a positive image of the transformations in the Iraqi banking sector, which will be positively reflected in the dealings of international financial institutions with Iraqi banks."  https://economy-news.net/content.php?id=53121

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-04-25

Good Evening Dinar Recaps,

BRICS: US TO FORGE TRADE DEAL AS NEW NATION FEARS TARIFF THREAT

Amid the ongoing tensions with the BRICS group, the US is set to forge a new trade deal as a new nation comes forward with concerns over the growing threat of tariffs.

Indeed, since his return to the White House, US President Donald Trump has embraced increased import taxes as an aggressive policy to balance out trade.

The efforts have drawn both criticism and concern from the global market. Specifically, a host of nations have expressed worry that the action could lead to a trade war.

Now, that fear may be leading geopolitical alignment to take place on a global scale.

US to Forge New Trade Agreement as BRICS, Canada, and Mexico Face Tariffs

The BRICS economic alliance and the United States are engaged in a notable faceoff. The latter promised to issue 150% tariffs on the collective, citing its de-dollarization as the reason. In response, the bloc’s 2025 chairmanship holder, Brazil, has continued to lean into the necessity of ditching the greenback in global trade.

Both sides have only encouraged continued concerns regarding geopolitical tensions. Moreover, amid the BRICS confrontation, the US has forged a new trade deal as another nation expresses concern over impending Trump tariff threats. The US President reissued those import taxes on Canada and Mexico after pausing the effort last month.

According to a new report, the United States and the UK are set to iron out the details of a new trade agreement. Specifically, a visit from Prime Minister Keir Starmer has seen both sides commit to the new deal. Its purpose looks to be balancing trade and thus avoiding tariffs on the European nation.

After the meeting, Trump expressed his hopes for a “great trade agreement” with the UK. “We’re going to have a great trade agreement, one way or another,” Starmer said. “We’re going to end up with a very good trade agreement for both countries, and we are working on that as we speak.”

@ Newshounds News™

Source:  Watcher Guru

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SEC AGREES TO DROP LAWSUIT AGAINST CUMBERLAND DRW, SAYS FIRM

The SEC sued Cumberland DRW in October, claiming it operated as an unregistered securities dealer in handling more than $2 billion in crypto assets.

The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says.

“Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post.

Cumberland said the filing was agreed in principle between Cumberland DRW and SEC staff on Feb. 20 and is currently awaiting the agency’s approval.

It’s the latest crypto-related lawsuit the SEC has agreed to drop. It has previously dropped cases against crypto exchanges Coinbase and Kraken, along with crypto firm Consensys.

The regulator has also recently announced it had dropped its investigation into non-fungible token (NFT) companies Yuga Labs and OpenSea, and crypto exchanges Gemini and Uniswap Labs.

“We look forward to continuing our dialogue with the SEC to help shape a future where technological advancements and regulatory clarity go hand in hand,” Cumberland added.

The SEC sued Cumberland DRW on Oct. 10, alleging a single charge of operating as an unregistered securities dealer for more than $2 billion in crypto assets.

The regulator claimed Cumberland acted as an unregistered dealer since March 2018 by buying and selling crypto it deemed to be securities.

The SEC also claimed that five of the tokens that Cumberland handled were securities, including  POL. SOL, ATOM. ALGO, and FIL.

The agency was seeking permanent injunctive relief, disgorgement of ill-gotten gains, prejudgment interest and civil penalties.

Cumberland argued it had registered as a dealer-broker in 2019 and was hit with the suit despite engaging in “five years of good-faith discussions” with the SEC, adding it was just “the latest target” of SEC’s “enforcement-first approach to stifling innovation.”

Crypto exchange Coinbase recently filed a request under the Freedom of Information Act (FOIA) to the SEC seeking to discover how much the SEC spent on enforcement action against crypto firms.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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FRANK26…..3-4-25…….IT’S NO TOP SECRET

KTFA

Tuesday Night Conference Call

FRANK26…..3-4-25…….IT’S NO TOP SECRET

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=U4uHOpa-gKs

“Bits And Pieces” in Dinarland Tuesday PM 3-4-2025

DJ:  DID YOU KNOW?

Over the years I have been a proponent of not following the narrative of Intel providers who are constantly forecasting start dates for the GCR/RV but rather focusing on the mechanisms that would be required to accomplish such a task.

After all we’re talking about a transformation of the global financial system and it is pretty much understood it would have to be digital.

The global financial system is on the cusp of a digital revolution, with digital currencies poised to redefine transactions, banking, and economic policies.

For digital currency to be widely adopted and seamlessly integrated, several mechanisms must be changed, enhanced, or created. If one looks, we can currently see these transitions in real time .

Keep in mind though there will always be a need for a percentage of physical currency to remain in circulation being crucial to ensuring economic stability and accessibility.

First and foremost, regulatory frameworks are being modernized. Governments and financial institutions are collaborating to establish comprehensive policies that govern digital currency use, ensuring security, transparency, and compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Without these clear guidelines, digital currency adoption could lead to financial instability or illicit activities.

The second critical enhancement involves the banking infrastructure. Traditional financial institutions have begun integrating blockchain technology and decentralized finance (DeFi) platforms into their operations.

 This integration has required significant investment in technological upgrades, cybersecurity measures, and personnel training to ensure seamless transactions and fraud prevention. Central banks have begun to develop their own central bank digital currencies (CBDCs) to maintain monetary control and economic stability.

Another essential mechanism is digital payment infrastructure. Retailers, service providers, and consumers must have access to user-friendly and secure payment solutions that support digital currency transactions. We are seeing point-of-sale systems, mobile payment applications, and online banking platforms being upgraded to accept digital currencies alongside traditional money. Interoperability between various digital currencies and traditional banking systems are gaining widespread adoption.

Cybersecurity enhancements have been a priority. Digital currencies are vulnerable to hacking, fraud, and cyberattacks, necessitating new robust security protocols. Multi-factor authentication, biometric verification, and encryption technologies are now standard across all digital currency platforms to protect users from financial loss and data breaches.

Despite this shift toward digital transactions, maintaining a percentage of physical currency is essential. A completely cashless society risks excluding individuals without access to digital banking or technological literacy. Physical currency serves as a backup during system failures, cyberattacks, or economic crises, ensuring continued economic functionality.

Transitioning to a digital currency-driven financial system to ignite the GCR required these extensive regulatory, technological, and infrastructural advancements.

While digital currency offers efficiency, security, and innovation, a hybrid system that retains a percentage of physical cash will ensure inclusivity and resilience. Seeing these advancements and coordinated global efforts, is a strong indicator the GCR and financial transformation is within reach.

Learning how to swim is not the same thing as swimming. Diving into the deep prematurely. Probably not a good idea.

DJ

https://dinarchronicles.com/2025/03/03/the-office-of-poofness-weekly-report-update-from-poof-and-dj-3-3-25/

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

Frank26   Question: "Will Ramadan affect the timing of the exchange rate?"  Are you asking me because Kuwait went through an RI during Ramadan?  IMO that was just a coincidence...Let's just say my friend [Firefly] has purchasing power...Do you think it would be wise for him to celebrate, to run out in the streets...during a religious event, wouldn't it be rather sacrilegious for them to even consider?  "I'm rich!" Or "I got purchasing power!" during a holy solemn time? ...It sure as heck can happen during Ramadan but I don't want you to think it's going to happen because of Ramadan IMO...

Militia Man  Article:  "Gold prices will gain another 8% in 2025 to hit $3,100/oz – Goldman Sachs Research" As this article states that demand from Central Banks pushes the gold price up, Note that the "Country of Iraq" has purchased 20 tons of gold this year herself.. Why, Central Banks have a very good pulse on things. It is their job to know how to diversify when need be.

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Fed Predicts Economic Crash, will Chaos Continue?

David Lin:  3-3-2025

Global markets are reeling after a dramatic downturn, fueled by growing concerns about the strength of the global economy and, some say, a tacit admission from the Federal Reserve that a recession is imminent. The sharp sell-off has left investors scrambling and questioning whether the current chaos will subside or snowball into a full-blown economic crisis.

To dissect the unfolding market turmoil and gain insights into what the future may hold, David Lin sat down with Jim Bianco, President of Bianco Research. The conversation, captured in a tense recording, painted a picture of a market grappling with uncertainty and an economy on shaky ground.

While the Fed hasn’t explicitly declared an impending crash, Bianco suggested their recent actions and pronouncements are speaking louder than words. Bianco also cautioned against overly optimistic assumptions about a quick rebound.

The current market situation is undeniably concerning. Whether it represents a temporary correction or the prelude to a deeper economic downturn remains to be seen. However, one thing is clear: investors need to exercise caution, stay informed, and be prepared to navigate a potentially turbulent road ahead.

https://youtu.be/vNjwBZI9LAw

Why the US GOV Must Revalue Gold (And Why It’s Terrifying)

Taylor Kenny:  3-4-2025

Why is gold being revalued? As central banks around the world are stockpiling gold at unprecedented levels, it’s becoming clear that the global financial system is undergoing profound changes.

For those of us who are concerned about the future of the US dollar, inflation, and economic collapse, understanding the true significance of gold revaluation is crucial.

https://www.youtube.com/watch?v=-aU1A_9lDa0

Iraq Economic News and Points to Ponder Tuesday Afternoon 3-4-25

OPEC Decides To Increase Iraq's Share Of Oil Production Until The End Of This Year

Tuesday 04 March 2025 | Economic Number of readings: 200 Baghdad / NINA / The OPEC+ alliance countries agreed today, Tuesday, to increase Iraq's share of oil production to reach four million and 110 thousand barrels per day by the end of this year.

The group of eight member countries of the OPEC+ alliance, namely Iraq, Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, called for a review of global market conditions and future expectations.

The alliance countries agreed to renew their commitment to the return of the voluntary reduced quantities of crude oil production, which were previously announced in April and November 2023, by the beginning of next month.

According to the agreement, Iraq's share for next April will increase by 12 thousand barrels, so that production will be 4.012 million barrels per day, and in May it will increase by 12 thousand barrels as well, so that production will be 4.024 million barrels per day, and in December it will reach 4.110 million barrels per day.

Iraq's share will rise in September and until December 2026 to more than 4.220 million barrels per day.

It is noteworthy that the OPEC+ alliance is implementing an official cut of two million barrels per day, which are scheduled to be extended until the end of next year 2026.

In April 2023, the OPEC+ alliance announced a voluntary cut of 1.65 million barrels per day, which is scheduled to continue until the end of next year, while the alliance announced another cut of 2.2 million barrels per day in November 2023, which will continue until the end of this March. / End https://ninanews.com/Website/News/Details?key=1189940

Oil Prices Fall To Lowest Level In 12 Weeks

Tuesday 04 March 2025 07:54 | Economic  Number of readings: 252  Baghdad / NINA / Oil prices fell by more than 2 percent at the settlement at the end of Monday's trading.  Brent crude futures fell $1.19, or 1.6 percent, to settle at $71.62 per barrel. "

West Texas Intermediate crude futures also fell about $1.39, or about two percent, to reach $68.37 at the settlement."  This is the lowest level for the two benchmark crudes since December 9. "

Earlier, the OPEC+ alliance reported a gradual and flexible return to voluntary production adjustments of 2.2 million barrels per day, starting from April 1, 2025. / End https://ninanews.com/Website/News/Details?key=1189869

The Finance Committee Expects The Budget Tables To Reach Parliament In The Middle Of This Month

Buratha News Agency1392025-03-04  The Finance Committee of the House of Representatives expected, on Tuesday, that the budget schedules will reach the parliament by the middle of this month, stressing the importance of completing job promotions after the parliament approves the schedules related to them.

The head of the Finance Committee, Atwan Al-Atwani, explained that stopping deletions and innovations in state institutions came based on the budget provisions, which included stopping appointments and confiscating job grades from institutions and transferring them to the Ministry of Finance, without using them in deletions and innovations.

He pointed out that this procedure caused a problem in which institutions were unable to benefit from these degrees to appoint graduates or fill vacant positions.

Al-Atwani added: “We are waiting for the budget tables to reach Parliament, as the budget does not allow for appointments, whether on a daily wage, contract basis, or on a permanent basis. However, contracted employees receive their salaries from the government through ministries and institutions, and therefore their confirmation is not considered a new appointment, but rather their inclusion in the job description.”

He pointed out that the Finance Committee is currently communicating with the Ministry of Finance and is awaiting a letter from the State Council to clarify this concept, stressing that there is a clear difference between appointment and permanent employment, calling for the permanent employment of contracted employees within the job description in accordance with the legal frameworks.

As for promotions, Al-Atwani stressed the need to proceed with them after the House of Representatives approves the relevant schedules, expecting the government to send the budget schedules by the middle of this month or before the end of it, which will contribute to addressing these important files.   https://burathanews.com/arabic/economic/457129

The Dollar Rises Again Against The Dinar In Baghdad

Stock Exchange   Economy News – Baghdad  The US dollar exchange rate rose this morning, Tuesday, in Baghdad markets.

The dollar price witnessed a rise in the Al-Kifah and Al-Harithiya stock exchanges, recording 149,250 dinars for every 100 dollars, while yesterday morning, Monday, it recorded 147,700 dinars for every 100 dollars.

The selling prices in the exchange shops in the local markets in Baghdad recorded an increase, as the selling price reached 150,250 Iraqi dinars for 100 dollars, and the purchase price reached 148,250 dinars for 100 dollars.  https://economy-news.net/content.php?id=53124

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-04-25

Good Afternoon Dinar Recaps,

GRAYSCALE PURSUES SIXTH ALTCOIN ETF AS NASDAQ SEEKS TO LIST HEDERA FUND

Approving multiple smaller assets for Grayscale's ETFs could help pave the way for an index ETF, a source told Decrypt.

Crypto asset manager Grayscale Investments is pushing forward with its offerings for altcoins, filing for approval of a new spot Hedera (HBAR) exchange-traded fund (ETF) on Monday.

Nasdaq Stock Market 19b-4 filing to the U.S. Securities and Exchange Commission marks Grayscale’s sixth altcoin-focused ETF.

The SEC, under the leadership of acting chair Mark Uyeda, has already acknowledged and published filings for ETFs linked to altcoins, pointing to a more supportive stance toward altcoin-based investment products under a Trump administration.

“The biggest benefit to having a lot of smaller assets be approved for an ETF would be that it would pave the way for an index ETF,” Katalin Tischhauser, Head of Research at Sygnum Bank, told Decrypt.

A 19b-4 filing is part of a two-step process to propose a crypto ETF to the SEC, and once acknowledged by the agency, the filing will be published in the Federal Register, initiating the SEC's approval process.

Grayscale’s other spot ETF filings include tracking the performance of Polkadot (DOT), XRP, meme coin Dogecoin (DOGE), Cardano (ADA), and Solana (SOL).

Grayscale was one of the first to file to convert its XRP Trust and Dogecoin Trust into ETFs, and the SEC has already acknowledged those filings along with Solana ETF, adding them to the Federal Register.

The filings for the Polkadot and Cardano ETFs are still in the early stages of regulatory review.

The SEC’s review process typically lasts 45 days from the date of publication in the Federal Register, during which time the commission will consider the filings and invite public comments.

Following this period, the SEC can either approve or reject the proposed rule changes or delay its decision, with the entire process potentially stretching to 240 days.

Grayscale is not the first asset manager to pursue a HBAR ETF. Last month, Nasdaq filed a 19b-4 form with the SEC to list a spot HBAR ETF on behalf of Canary Capital.

As of now, the SEC is still in the process of reviewing the application, and no official approval has yet been granted

Still, Bloomberg Senior ETF Analysts Eric Balchunas and James Seyffart have pointed out that both Hedera and Litecoin have “higher odds than others [ETFs] of approval.”

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

AUSTRALIA’S GOVERNMENT HAS NO PLANS TO ESTABLISH A STRATEGIC CRYPTO RESERVE

The Albanese government has no plans to follow the lead of the Trump administration, which has announced plans to stockpile XRP, Solana, Cardano, Ether and Bitcoin.

Australia’s government is not currently considering a strategic crypto reserve, despite US President Donald Trump announcing the effort in the United States just days earlier.  

US President Donald Trump announced on March 2 that the President’s Working Group on Digital Assets was directed to include XRP, Solana, Cardano, Ether and Bitcoin in the crypto strategic reserve.

A swathe of other US states are also considering adding crypto to their balance sheets.

However, it is understood the current ruling party in Australia has no plans to establish a crypto reserve.

A spokesperson for Australian Assistant Treasurer and Financial Services Minister Stephen Jones told Cointelegraph that the government is focused on regulating digital asset platforms.

“The Albanese Government has consulted on our proposed framework to build a fit-for-purpose digital asset regulatory regime, and we continue to work closely with industry,” the spokesperson said.

“The Albanese Government knows that blockchain and digital assets present big opportunities for our economy, our financial sector and innovation.”

A change of government could be on the horizon for Australia, however. Constitutionally, a new federal election must be held on or before May 17, and the latest YouGov poll shows the center-right coalition holding a slight lead over the center-left Labor government, leading 51% to 49%.

A spokesperson for the Coalition did not immediately respond to a request for comment.

Speaking to Cointelegraph, Tom Matthews, head of corporate affairs at Australian crypto exchange Swyftx, said that while the idea for a reserve is popular, it can also be “fraught with complexity,” and if not managed properly creates the potential for concentration risk with some tokens.

“If one of the main goals of your country’s strategic reserve is to hedge against crises, the price volatility of crypto is a problem. It is just difficult to see where the political traction is going to come from,” he said.

Matthews speculates a more likely scenario is the emergence of a long-only sovereign wealth fund that holds crypto.

Kraken’s managing director for Australia, Jonathon Miller, told Cointelegraph that crypto has already firmly established itself as an investment-grade asset, with ETFs on major exchanges, superannuation funds and sovereign wealth funds already invested for quite some time.

“If it’s suitable for them, it’s certainly worth consideration for long-term asset allocators like the Future Fund and even Treasury,” he said.

It comes as regulators in the country have flagged plans to shift focus toward the crypto industry.

Australian Transaction Reports and Analysis Center CEO Brendan Thomas said in December last year the Anti-Money Laundering regulator was shifting its focus to the cryptocurrency industry in 2025 amid a crackdown on crypto ATM providers who might be flouting Anti-Money Laundering laws.

The Australian Securities and Investment Commission released a consultation paper on proposed guidance for crypto in December as well, placing many digital assets under the category of financial products and requiring firms dealing in crypto to be licensed.

The country has also emerged as a hub for Bitcoin and crypto ATMs, with coin ATM Radar data showing it has the third largest number worldwide at over 1,453 ATMs, up from 67 in August 2022.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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