Seeds of Wisdom RV and Economic Updates Thursday Morning 8-14-25

Good Morning Dinar Recaps,

Singapore Accelerates Tokenization with XRPL at the Core of Real-World Finance

Singapore is rapidly establishing itself as a global leader in digital assets and blockchain innovation, driving large-scale tokenization initiatives from pilot projects to real-world implementation.

From Pilot to Full-Scale Deployment

At the November 2024 Layer One Summit, Leong Sing Chiong, Deputy Managing Director at the Monetary Authority of Singapore (MAS), highlighted the country’s accelerating momentum in tokenized financial services.

• Project Guardian, alongside other initiatives, is advancing from Proof of Concept to full implementation in 2025.

• The Guardian Wholesale Network Industry Group, comprising Citi, HSBC, Schroders, Standard Chartered, and UOB, is pushing collaborative infrastructure.

• Global Layer One (GL1), launched by MAS with financial heavyweights such as BNY Mellon, Citi, J.P. Morgan, MUFG, and Societe Generale-FORGE, aims to build “public permissioned” infrastructure for commercial networks, with HSBC and Euroclear later joining.

The International Capital Market Association (ICMA) now leads Project Guardian, transitioning from experimental pilots to establishing core infrastructure for Real World Assets (RWAs).

Notably, MAS and Standard Chartered tokenized $500 million in trade finance assets in 2022, and Singapore has since approved stablecoins from Paxos and StraitsX.

XRPL’s Expanding Role

Singapore’s push for compliance, security, and efficiency is drawing major institutions toward public blockchains like the XRP Ledger (XRPL). The platform’s features — such as digital identity security, fraud reversal, and regulatory alignment — have positioned it as a preferred choice for tokenization projects.

Key figures underscore XRPL’s growth:

• Tokenized RWA value on XRPL rose from under $5 million at the start of 2025 to $118 million by June 2025.

• Ripple was ranked the 23rd most valuable private company, further boosting XRPL’s global profile.

Global fintech incubator Tenity recently partnered with Ripple to accelerate XRPL-based startups in Singapore. Ripple APAC Managing Director Fiona Murray sees this as a catalyst for new talent and scalable use cases, reinforcing Singapore’s blockchain leadership.

Investment and Adoption Trends

In 2024, Singapore attracted $750 million in FinTech investments — representing 60% of the nation’s total sector funding. XRP ranks among the most popular cryptocurrencies in the country, accounting for 17% of Singaporeans’ crypto holdings.

While fostering innovation, Singapore maintains strict oversight, enforcing licensing requirements for crypto firms to ensure market integrity.

@ Newshounds News™
Source: Crypto News Flash   

~~~~~~~~~

Western Union Is Preparing to Launch Its Own Stablecoin

Western Union Co is reportedly exploring the launch of its own dollar-backed stablecoin as more cryptocurrency projects challenge its long-standing role in moving money across borders.

“We are exploring the opportunity for us to issue a stablecoin, particularly in non-US markets,”
– CEO Devin McGranahan

McGranahan explained that it could be “almost like a savings account in US dollars” for customers in countries where local regulations allow it.

Why the Sudden Push for a Stablecoin?

• This development comes just weeks after the U.S. government passed laws to bring stablecoins into the financial mainstream.

• For remittance companies, this shift is critical—many new crypto-driven projects promise to make sending money faster and cheaper.

• Currently, Western Union sends money via partner banks in different countries—a process that can take two to three days to reach recipients.

• A stablecoin could speed up transactions and eliminate reliance on traditional banking links.

Competitive Pressure in the Remittance Market

• PayPal has already launched a dollar-backed stablecoin and integrated it into its remittance service, Xoom.

• Circle (issuer of USDC) is expanding globally via bank and fintech partnerships.

• MoneyGram now allows customers to send USDC and may soon use stablecoins for internal operations.

• Remitly has launched a multi-currency wallet supporting both fiat and digital currencies, teaming up with Bridge (recently acquired by Stripe) to enhance stablecoin adoption.

Western Union’s Financial Pressure

• Shares have dropped about 27% since January 2025, placing the company under market pressure.

• Analysts at Capstone have suggested that industry changes could make Western Union a buyout target for a major crypto company like Circle, which went public in June.

• McGranahan commented:

“If someone came and offered us the appropriate value that we believe the company is worth, we obviously would entertain that.”

Potential Partnerships and Strategic Goals

• Western Union may partner with major players in the crypto industry rather than building the stablecoin alone.

• The goal: give remittance recipients the option to hold funds in a stable currency like the U.S. dollar, avoiding the need to convert all funds into potentially volatile local currencies.

• McGranahan noted the stablecoin could serve as a bridge between digital finance and traditional banking, enabling smooth movement between the two systems.

@ Newshounds News™
Source: CryptoTimes

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

FRANK26….8-13-25….ALOHA….SIGNED

KTFA

Wednesday Night Video

FRANK26….8-13-25….ALOHA….SIGNED

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

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

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

https://www.youtube.com/watch?v=7qYPe2_nDIM

MilitiaMan and Crew: Iraq Dinar News Update-Central Bank of Iraq Speaks Loudly

MilitiaMan and Crew:  Iraq Dinar News Update-Central Bank of Iraq Speaks Loudly

8-13-2025

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=ogRHBWt-dPk

Iraq Economic News and Points To Ponder Wednesday Afternoon 8-13-25

The Iraqi Government Denies Any Intention To Devalue The Dinar Against The Dollar

Local   The Iraqi Prime Minister's economic advisor, Mazhar Mohammed Salih, denied the government's intention to adjust the exchange rate by devaluing the Iraqi dinar against the US dollar to provide liquidity. "Iraq's exchange rate policy is a contractual one between the Ministry of Finance and the Central Bank of Iraq," Saleh said in an interview with Al-Eqtisad News. "This is because the reserves supporting the Iraqi dinar reinforce the external value of the currency, meaning that the dinar, backed by foreign currency, comes from oil revenues."

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

He explained that "this is called foreign exchange covered by foreign currency," noting that "the last thing the Iraqi government is thinking about is changing the exchange rate, because the policy of changing the exchange rate every so often is bad policy, so it is preferable for the exchange rate to remain officially stable in this manner."

Mazhar Mohammed Saleh believes that "oil is a global commodity that is not affected by the dinar's devaluation, increase, or otherwise. At the same time, this constitutes inflationary financing through deceiving people, and this is not true." He considered the policy of devaluing the dinar to be "dangerous and not easy, while the state is constantly working to raise and improve the dinar's value, not to devalue it."

He stressed that "the right thing to do is to keep the exchange rate as low as possible, unless the economy is exposed to major emergencies, which I don't expect to happen, as long as the economy is oil-based and generates foreign currency flows.

" He believed that "there are no such plans, neither now nor after the elections, and no one is thinking about this matter in light of the current circumstances and the constants and variables of the current situation."

He continued, "There is no economic policy that tends to fluctuate between depreciation and appreciation of the exchange rate."

He stated that "the exchange rate and the Iraqi dinar have been stable for very long periods, so manipulating the exchange rate is a bad and incorrect policy. The correct policy is to maintain the status quo and thus maintain overall stability so that development, investments, and plans can be sustained."

Mazhar Mohammed Saleh also stated that "the worst type of financing is inflationary financing resulting from the devaluation of the Iraqi dinar, as economic literature suggests, which means deducting from citizens' income by reducing real income to a valueless cash income."

Regarding the easiest ways to address the liquidity shortage, Mazhar Mohammed Saleh explained that "the financial system should be improved by improving revenues." https://economy-news.net/content.php?id=58757

Baghdad And Erbil Reach Agreement On Oil Export Mechanism; Resumption Contingent On Iraq's Talks With Türkiye

Economy | - 08/13/2025  Mawazine News - Baghdad –  The Ministry of Natural Resources in the Kurdistan Region of Iraq announced on Wednesday that it had reached an agreement with the federal Ministry of Oil regarding the mechanism for exporting oil.

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

The ministry said in a statement received by (Mawazine News) that "the minutes of the agreement were signed by 23 figures from the delegations of both sides, including 17 members of the Iraqi Ministry of Oil delegation."

The statement added, "The meetings began on July 17, and during this period, visits were made to all of the region's fields. After evaluating technical problems and conducting intensive negotiations, an agreement was reached on August 11 on the mechanism for exporting oil from the Kurdistan Region's fields, so that oil would be delivered according to the daily production of the region's fields, after reserving 50,000 barrels to cover local needs in the region, and the remainder would be delivered to the SOMO Marketing Company."

It indicated that "the resumption of oil exports from the Kurdistan Region will remain contingent on the federal government's talks with the Turkish government, so that the process can be effectively implemented."  https://www.mawazin.net/Details.aspx?jimare=265033

The Securities Commission Details Its Achievements Over The Past Two Years: Listing 19 Companies And Issuing A Governance Guide

Local   The Securities Commission detailed its achievements in 2024 and 2025 on Wednesday, affirming its commitment to developing the investment environment and enhancing transparency in the Iraqi financial market.

In a statement, the commission said, "Within the framework of enhancing international cooperation and developing the operations of the Iraq Stock Exchange, the Iraqi Securities Commission, under the leadership of its chairman, Faisal Al-Haimus, achieved notable accomplishments during 2024 and 2025."

The commission added that it "worked to list 19 new companies on the Iraq Stock Exchange during 2025, in a significant step that contributed to diversifying the base of listed companies and enhancing the market's attractiveness to local and international investors."

She continued, "A corporate governance guide for listed companies has been issued, which contributes to enhancing transparency and good practices in corporate governance." She added, "We are also working to update trading mechanisms in cooperation with regional financial markets, which contributes to developing the infrastructure of the Iraqi market."

She added, "Agreements have been concluded with the Egyptian Financial Markets and the Abu Dhabi Securities Exchange, with the aim of exchanging expertise and enhancing transparency and digital transformation in the Iraq Stock Exchange."

**************************************
*******
The Commission added, "The Iraqi Securities Commission received the 2025 Arab Banking Excellence and Achievement Award from the World Union of Arab Bankers, in recognition of its prominent role in supporting the Iraqi banking sector and developing its services to meet market requirements."

The Commission affirmed, according to the statement, its "continued efforts to enhance the investment environment in Iraq, which will contribute to attracting local and foreign investments and enhancing investor confidence in the Iraqi financial market."   https://economy-news.net/content.php?id=58754

Al-Sudani: Iraq's Investments Exceeded $100 Billion In Two Years.

Money and Business   Prime Minister Mohammed Shia al-Sudani confirmed on Wednesday that Iraq's investments in two years have exceeded $100 billion.

The Prime Minister's media office said in a statement that "Prime Minister Mohammed Shia al-Sudani received, on Wednesday, representatives of the coalition of six companies that have applied to rehabilitate, develop and operate Baghdad International Airport, in the presence of representatives of the International Finance Corporation (IFC), which is advising the Ministry of Transport on the project."

The Prime Minister blessed "the holding of the conference to review the projects of the IFC, which is an important partner with Iraq in joint work and the implementation of many projects in various stations and sectors," appreciating "its efforts in completing the work in a manner befitting Baghdad International Airport, given its importance to Iraq, which is witnessing a state of recovery, stability, development and reconstruction movement in all governorates."

He stressed that "Iraq's distinguished geographical location has prompted us to invest in air transport, aircraft transit and service to passengers," noting "the existence of many government projects in this field."

He stressed that "Iraq is currently attracting significant Arab and foreign investments in various sectors, exceeding $100 billion over the two years of the government's term." He explained that "Baghdad Airport is a showcase for the capital, and must receive the necessary rehabilitation and development, as well as management that provides services and generates revenues."

He indicated that "there is a real and clear opportunity to increase the number of passengers from abroad to Baghdad," pointing to "the need to reconsider the management style of the government sector, in airports and most sectors."

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

He stressed that "the opportunity is available at Baghdad Airport, and at the airports of Najaf, Basra, Nasiriyah and Mosul, and we have chosen successful experiences in the region for managing and operating airports," noting that "we have contracted with the International Finance Corporation (IFC) to work as a specialized advisory body to prepare the investment portfolio for the development and operation of Baghdad Airport."

The Prime Minister welcomed "all Arab and foreign companies in Iraq, as a message that it is a safe and attractive environment for investment," noting that "the government will provide support, assistance and all facilities for the companies' work."

He explained that "the project to rehabilitate, develop and operate Baghdad Airport is based on a desire to find the best coalition, company or investor that can provide a successful model for the airport." https://economy-news.net/content.php?id=58755

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

How Airlines Will Use AI To Charge You More — and 8 Ways To Outsmart Them

How Airlines Will Use AI To Charge You More — and 8 Ways To Outsmart Them

Seychelle Thomas  Tue, August 12, 2025  GOBankingRates

You’ve been using AI for your shopping list, vacation itinerary or to create cartoon versions of yourself. Major airlines, however, are using AI to rake in more profits. Airlines like Delta are beginning to use generative AI to analyze your search habits and set a price based on what it thinks you’ll be willing to pay.

Even though AI could make your next trip more expensive, there are still a few ways to outsmart the system and get a fairer price.

Delta Leads the AI Charge

During the Q&A portion of an earnings call, Delta Airlines president Glen William Hauenstein, shared that Delta is continuing to experiment and roll out dynamic AI pricing for flights using an AI startup, Fetcherr. Currently, 3% of domestic Delta flights have their prices set using generative AI. By the end of 2025, Delta plans to increase that to 20% of all domestic flights. “We’re in a heavy testing phase. We like what we see. We like it a lot and we’re continuing to roll it out,” Hauenstein said.

Will AI Make Traveling More Expensive?

For consumers, that means airlines like Delta and potentially others are using your personal data to determine how much you’ll pay for your next flight. That could include your login status, social media activity, previous booking history, search frequency, financial status and IP location, according to the FTC. It also means that you could see drastically different prices based on each individual’s online habits.

In response to news of Delta’s AI individualized pricing, three senators released a public letter voicing their criticism and concerns regarding this practice. Senators Ruben Gallego, Mark Warner and Richard Blumenthal penned a letter to the CEO of Delta Air Lines in July, chastising the use of surveillance-based pricing models and demanding answers on how the AI system is being trained and what personal data is being used.

“Prices could be dictated not by supply and demand, but by individual need,” the senators wrote in the letter. So if you needed a flight to see a sick family member and the airline’s AI was fed that information, you may see higher prices when searching for tickets. Or if the AI is fed your income data and knows you make above a certain amount, you could regularly be charged more than others are paying.

“While Delta has stated that the airline will ‘maintain strict safeguards to ensure compliance with federal law,’ your company has not shared what those safeguards are or how you plan to protect American families against pricing discrimination in the evolving AI landscape,” the senators wrote.

How To Outsmart AI Pricing

TO READ MORE:  https://www.yahoo.com/lifestyle/articles/airlines-ai-charge-more-8-192003158.html

This Looks like 2007, Markets at a Critical Tipping Point

This Looks like 2007, Markets at a Critical Tipping Point

Wealthion:  8-12-2025

The financial markets stand at a precarious crossroads, with investors grappling with the existential question: are stocks poised to power to new, unprecedented highs, or are we teetering on the brink of a painful bear market?

According to Chris Vermeulen, founder of TheTechnicalTraders, the answer isn’t simple, but the signals are flashing a critical tipping point.

In a recent in-depth interview with James Connor on Wealthion, Vermeulen laid out a comprehensive technical analysis across major asset classes, warning that while opportunities exist, the underlying market weakness masked by a few dominant players could spell trouble.

One of Vermeulen’s most striking warnings is the uncomfortable parallel he draws between the current market environment and the period leading up to the 2007 top.

 He suggests that the market’s current structure, where a small group of mega-cap tech stocks – famously dubbed the “Magnificent Seven” – are driving much of the broader market’s gains, is creating a deceptive illusion of strength.

Beneath the surface sparkle of these tech giants, Vermeulen sees widespread weakness that is reminiscent of past market tops.

Amidst the swirling uncertainty, Vermeulen emphasizes a crucial strategy: avoiding the Fear Of Missing Out (FOMO) and waiting for clear confirmation signals.

He believes that blindly chasing recent gains in a concentrated market is a recipe for disaster. Instead, his approach centers on patience, allowing technical indicators to provide unambiguous direction before committing capital.

The current market dynamic, according to Vermeulen, poses particular risks for retirees and long-term investors. The potential for a significant market correction, coupled with the deceptive strength of a few stocks, could erode portfolios built on traditional long-term strategies if not carefully managed. His analysis underscores the need for vigilance and a deep understanding of underlying market mechanics, rather than simply relying on headline index performance.

Chris Vermeulen’s insights provide a sobering yet crucial perspective on the current financial landscape. His emphasis on technical signals, avoidance of FOMO, and detailed breakdown of various asset classes paints a picture of a market at a critical crossroads, demanding careful consideration and strategic positioning from all investors.

For a comprehensive understanding of Chris Vermeulen’s technical signals and further insights into his market outlook, watch the full interview on Wealthion.

https://youtu.be/ImuHBl9uhgg

News, Rumors and Opinions Wednesday 8-13-2025

KTFA:

Clare:  Government advisor: Iraq is qualified to become a cultural and religious tourism destination in the Middle East.

8/13/2025   Baghdad - INA - Nassar Al-Hajj 

The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq possesses the necessary capabilities to become one of the most prominent cultural and religious tourism destinations in the Middle East.

 Saleh told the Iraqi News Agency (INA): "Despite Iraq's unique cultural and tourism heritage, which includes religious, cultural, and environmental tourism, the contribution of tourism to the gross domestic product does not exceed 0.5%, compared to countries like Spain, where the percentage is close to 13%. This disparity indicates a policy and investment gap that can be bridged through well-thought-out structural reforms."

He added, "Iraq has unique tourism pillars globally, including religious, archaeological, and global tourism, all of which are interconnected. Tourism activity alone contributes to generating value-added chains simultaneously. This requires a strong investment policy that increases the number of workers in the tourism sector from the current 100,000 to 500,000 or more."

He pointed out that "this important issue can be activated once investment in this sector is reorganized, whether directly or indirectly, which requires raising tourism's contribution to the GDP from the current 0.5% to 5% over the five-year plan."

He explained that "cultural and religious tourism can enhance Iraq's international image in a more attractive way through investment and tourism promotion, and most importantly, diversifying sources of national income and reducing dependence on oil."

He stressed that "it requires launching a highly specialized national tourism strategy, in partnership with the private sector and international tourism organizations, for the years 2025-2035, in accordance with the vision of the Prime Minister's government program and his recent affirmations in this regard, without neglecting to amend laws to encourage private tourism investment."

He added: “With long-term tax exemptions as stipulated in the current investment law, and the allocation of tourism development funds directed at small and medium enterprises, as well as the establishment of free tourism zones with extensive customs and investment facilities linked to tourism development programs with the world, which include, for example, the launch of the Mesopotamian Civilizations Trail (Ur, Babylon and Nineveh) with a global tourism delegation system in an integrated tourism product with the world, as well as the marshes and religious and cultural tourism.”

He concluded by saying, "Iraq has the necessary capabilities to become one of the most prominent cultural and religious tourism destinations in the Middle East, but this requires the implementation of a clear policy and strategic investment in infrastructure and laws."

He pointed out that "transforming the tourism sector into a true engine of development requires immediate practical steps, starting with policies and ending with immediate implementation on the ground." LINK

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

Clare:  Baghdad and Kurdistan agree to resume oil exports under a special mechanism

8/13/2025

 The Kurdistan Regional Government's Ministry of Natural Resources agreed on Wednesday with the Iraqi Ministry of Oil to resume exports of the region's crude oil under a special mechanism.

According to information obtained by Shafaq News Agency, the agreement stipulates that the export process will be conducted in accordance with the daily production of the fields, with 50,000 barrels allocated to meet the region's internal needs, while the remaining quantities will be delivered to the federal government's SOMO company.

The information also indicated that the draft agreement was signed by a delegation from the federal Ministry of Oil and a delegation from the region's Ministry of Natural Resources, confirming that the federal delegation has returned to Baghdad.

According to the same information, the start of exports requires negotiations between the federal and Turkish governments before the process can be implemented.

An informed source revealed to Shafaq News Agency last month the details of the agreement between Baghdad and Erbil regarding the resumption of Kurdistan's oil exports. He confirmed that the agreement stipulated that the regional government would hand over 240 billion dinars in revenues for the months of May and June, at a rate of 120 billion dinars per month, in addition to delivering 230,000 barrels of oil per day to Baghdad, in exchange for the latter sending the salaries of the region's employees for those two months.

The roots of this crisis between the federal government in Baghdad and the Kurdistan Regional Government (KRG) lie in ongoing disagreements over oil export mechanisms and the unification of public revenues. This is a long-standing crisis that resurfaces from time to time, but it has worsened significantly since May 2025, when the federal government refused to send salaries to the region's employees.  LINK

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

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: TV is saying we only have 20 days left to implement the banking reforms issued by Oliver Wyman of the United States...says Washington is pressuring and watching.  We only have 20 days left for liquidation of banks.  They have to get capital up to a certain amount.  FRANK:  That's why I keep telling you watch what President Trump does this month in your country.  T-minus 20 days and counting to implement your monetary reform.

Walkingstick  Trump is pushing the monetary reform.  He's using Wyman and Rubio to push it.  These are the people in Trumps circle.  There's a reason why [Iraq] hired the American consulting firm because Trump wanted it because that's going to push the monetary reform.  They are there now and said we want to talk to you about the monetary reform.  Trump has been pushing for this monetary reform for a long time.  That consulting firm is not by chance. Wyman is representing the United States.  This is happening for the monetary reform.

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

Shocking Report: The Treasury Needs $1.6 Trillion by End of Year

Heresy Financial:  8-12-2025

TIMECODES

00:00 Why the Treasury Needs $1.6 Trillion

00:42 The Scale of Government Borrowing

02:15 How Debt Levels Reached This Point

03:20 The Impact on Interest Rates and Markets

04:18 Why the Deadline Matters

05:05 Possible Consequences for the Economy

06:02 What This Means for Everyday Americans

 07:00 Final Thoughts and Warnings

https://www.youtube.com/watch?v=7TgVGArJlWE

Bruce’s Big Call Dinar Intel Tuesday Night 8-12-25

Bruce’s Big Call Dinar Intel Tuesday Night 8-12-25 

Transcribed By WiserNow Emailed To Recaps  (INTEL ONLY)

welcome everybody to the big call tonight. It is Tuesday, August 12th  and you're listening just to the big call. Thanks for tuning in, everybody. Good to be back after a five day break   It seems like a long time between Thursday and Tuesday, doesn't it? Well, we've got some information for you tonight. I'm looking forward to it, and I know we're going to enjoy Sue and Bob tonight.

All right, This is an interesting thing. In the last five days, we've heard several things. You guys have read some things. I'm going to tell you. Basically what I'm hearing is actually happening - Now, starting with clean up. Clean up in DC yesterday started at  0-6:00 and went and completed by five yesterday evening, but we know they had a really good number of people picked up by 1230 in the afternoon, right after lunch.

They were really moving. And my understanding is DC done --  doesn't mean we're not gonna have martial law there for 30 days, because that's what President Trump said. So you got the some military, you've got some federalized agents in there. You got FBI, you've got you know, reservists on there, basically, you've got a good crew that's really continuing and will be there to help clean up DC.

Guys.  I used to live eight miles in DC, and it used to be the most beautiful city, great, wide streets. You know, it was a really good place to and I didn't go down there that much, but we'd go over there, and it was a beautiful place, and we don't want to see it with homeless encampments and all that stuff.

Man, it's just amazing to think of what I've experienced there. But beyond that, other cities, a total of 37 cities, are targeted, and our guys are going there. They're taking them in some order, but they're there, and they're staged and ready to go to clean them up.

And you know what I mean when I say clean up an aisle 3, Clean up on aisle 7 , done. You know what that means --  That's what's happening. And so illegals, especially those with criminal backgrounds, are being picked up and they're being transported. They're going to be deported. That's a good thing.

A good thing. President Trump will bring out something for farm workers and hotel workers and probably restaurant workers. There'll be some people that will be able to stay or go and come back with some form of work visa, I would think, and I don't know, maybe it passed the citizenship.

I hope I don't know what it is, but it's probably going to take an act of Congress to do it all. So that's happening across the country, and we understand that the veil is to be lifted tomorrow, Wednesday or at the end of tomorrow, and that means that certain things that we've been looking to hear and see may be visible to us.

They may show us some of the things that we've been hearing about for years, and maybe they'll reveal some of that to us. So that's that's amazing. What's happening yesterday, today and tomorrow.

Primarily, I think the cleanup is important, and the full cleanup of these 37 cities may take another week. It may take eight, nine days to get it all done, but the people are in place.

Our guys and women are in place to get it done, and they will get it done. A lot of times when President Trump says something is going to happen, it's already happened. You guys have seen that, and I can tell you that did hear from our Social Security representative that we look like there may be an increase in Social Security for those that are receiving it from age 62 on up, there may be increase coming in as early as tomorrow.

I've heard that it will, and I've heard that it might not as early as tomorrow. I'm going to say if your birthday is in the first 10 days of the month, whenever that is, check to see if something comes in tomorrow.

If your birthday is between the 11th and the 20th of the month and you're on Social Security, check to see on the 20th, which is the next Wednesday, a week from tomorrow, to see if you have an increased amount.

And then if your birthday is in the last 10 days of the month from the 21st to the 30th, or in this case, maybe 31st the last group check on the 27th to see if you have an increase in your social security.

And it should be substantial. Now that's social security, which should, should show up tomorrow, if you're in if you're in the first 10 days your birthdays, in the first 10 days of the month. Let's see what happens --  now, remember, we've talked about increases in Social Security, talked about DOGE.

We've talked about tariff rebates, etc, but nothing's happened yet. I believe if those increases start tomorrow, we're going to be in pretty good shape. I'm trying to think otherwise.

There is supposed to be a 3 day holiday, unannounced holiday in Iraq, and I believe it was Monday, Tuesday Wendsday, and remember today's Tuesday night. So this unannounced holiday would have the banks closed for these three days.

Not sure why, really, don't know why. It may have to do with clean up there. Wouldn't surprise me a bit. That's if that's what it's about. But it was supposed to be an unannounced, let's call it a holiday or an unannounced holiday that affects banks  to be closed.

We know that we have a new rate on the dinar at the banks, but don't have it, necessarily yet on redemption center screens. And we know that the we heard today that the Iraqi dinar is being traded, not on the Forex yet, but on the ISX. The Iraqi stock exchange is trading the Iraqi dinar.

So that's a good sign – that’s  new - that's coming in. We were told that when we and again one this is one source that gave us this information, that when the dinar, the Iraqi dinar showed up on the Forex that we could get our notifications that same day.

We don't have it on the Forex yet. Obviously, it's not until they're ready for it to go over there. But what's really interesting is that I'm hearing information that shows that things are happening behind the scenes, that money is moving in place, into bond holders accounts.

They still don't have access to it, though, yet they're still waiting on emails that will tell them when they can access their accounts, they have been waiting  just like we have, I really don't think they're going to get access until we at least have our 800 numbers and start setting our appointments.

So when are we going to get notified by these emails? This is the thing that you guys know. We all want to know. We all look for this.  And I'm always asking, How does such and such Intel affect us directly?

How do we make sense out of what is happening and how does it reflect on us, going, bond holders, currency holders, tier four A, admirals groups, tier 4B us  the internet groups, what is the timeline?

We had a timeline – I believe the timeline has been altered. I believe that even though they may have algorithms in place to set all these things into motion and nothing can stop it now, we've all heard that, right, nothing can stop it now –

 Maybe that is the case, but I cannot say absolutely that's the case, because we've had a few things happen that has slowed this down for us. And guess what? The deep state doesn't want us to have that have this yet. Is that a surprise anybody? It shouldn’t be

But we know that we're going to win and Trump and the new administration is winning, and I'm never going to get tired of winning. I never did get tired of winning, and I'm not about to get tired of it now. I think that was President Trump kind of joking, making a facetious joke with us in his first term, because we are winning, and we are winning on tariffs. We're winning. It's not hurting our pricing here.

We're going to be just fine. Inflation is down -- Gas prices are coming down again. I mean, we're in we're in good shape, and we're going to be in incredibly good shape. I can't speak to  how soon the the R and R, except it should be at the exchange centers already established in our quantum accounts. So we'll get that there.

 If you're not involved in currencies and aren't going to be going to a redemption center, then maybe you'll get your R&R as a direct deposit.

It could be a very large amount, and it wouldn't make sense to send it in the form of a check. It wouldn't make much sense. So we'll see how that comes out and how it affects different age groups. I'm going to try to save that for Thursday, because I may have better information by then to help declare what those amounts are going to be based on the ages that you are.

The other thing is, do we have a timeline right now that gives us our dates of notification -- time to set up our exchange -- first day of exchange, -- The answer is “NO” - not yet. We’ve had some dates to come and go as you guys know, and I put out dates based on the information that I hear.

At this point, it's probably wise to not try to be too optimistic and put out what I think or what I'm hearing, because what I'm hearing is not clear on when this is going to actually go for us.

So I want to say about some other subjects, we have to be patient. Hey, we're being patient. We're learning patience. Don't ever ask God to give you patience unless you're waiting, unless you're willing to go through a lot more stuff to gain that patience.

God's given some patience to go through this, and that's enough. We don't need anything else. We don't need any more to gain the patience that we have over 20 years plus for me and so guys - listen, I am content. I have joy. I'm content with, with the big call universe, with everything that you're doing.

I think it's a very good time to plan, and that's what I was doing last week. Was trying to plan some organization trip, or fan trip to western North Carolina, re familiarize myself with everything, and see what is happening and what they still need. We're learning, learning a lot, and we're going to be able to do a lot

Now it sure would help if we could get these numbers and get started right. Make a big difference. I want everybody to realize we all need a little break, all need a stacation, vacation, some kind of family time or no family time, to regenerate   right?

Regenerated. I mean, many of us are looking for new homes, new cars, stuff like that. Yeah, that's right. And I’m looking  to pick up properties for the veterans retreat,  pastoral network and  you know, you kind of know what I'm  talking about   Let's see what happens.

Keep watching your emails, and it'll come to you by by email, So that's what I had to say tonight.

I'm not putting a date on when we are expecting notification. It's very fluid, but they're working diligently to make this thing a reality for us. I'm going to talk really, really briefly before I pray us out.

We've had inquiry from Germany. Yeah, rushfield dog, my Deutsche minus Freund is Deutschen. That's terrible German.

But I really, I'm going to say this, the 800 number should work only in the United States and probably Canada. Beyond that there are no redemption centers that we're aware of anywhere else - Maybe Mexico. Santander Bank is the key bank  HSBC bank - agency bank, I would take, is your lead bank? Deutsche Bank. Deutsche Bank.

You’re just going to have to get in touch with them and see who is doing the  exchanges – and don’t look for  a contract rate outside of the United States on the dinar doesn't apply anywhere else. I mean, these are hard things to say you guys, but I'm just being honest with you.

Everything else should go very well - just get the lead bank  - major banks -  Obviously, in Canada, you've got Scotia Bank, you've got RBC, which I think merged is now Scotia, my understanding, got HSBC – Truist bank -  for where they are is a winner and Santander bank is also a tier one Top Bank.

So from Spain, of course, they're all over Latin America.

So that's what I'm going to say about that so we'll pray the call out  -- one moment -- so we will see you guys  Thursday night, and maybe have a little more clarity where we are in the process, but I do not want to  give you information that I don't feel comfortable with. I don't want to give you information being wrong out of the gate. I want to give you what I am hearing that I believe is true. That's why I'm doing it. Okay. No difference   So let's pray the call out

Bruce’s Big Call Dinar Intel Tuesday Night 8-12-25 REPLAY LINK   Intel Begins   1:09:45

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOcva

Bruce’s Big Call Dinar Intel Thursday Night 8-7-25 REPLAY LINK   Intel begins   1:16:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOcta

Bruce’s Big Call Dinar Intel Tuesday Night 8-5-25 REPLAY LINK   Intel Begins   1:01:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOcS3

Bruce’s Big Call Dinar Intel Thursday Night 8-1-25 REPLAY LINK   Intel begins   1:10:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOcCD

Bruce’s Big Call Dinar Intel Tuesday Night 7-29-25 REPLAY LINK   Intel Begins   1:09:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FOcOV

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 8-13-25

Good Afternoon Dinar Recaps,

Brazil Leads BRICS Toward Historic Common Currency Launch by 2026

The BRICS common currency initiative is entering its most advanced phase yet, with Brazil spearheading efforts toward what analysts forecast as a potential 2026 launch. Recent developments include progress on digital payment systems, expanded local currency settlements, and blockchain-based infrastructure — positioning the project as a direct challenge to U.S. dollar dominance.

Momentum Builds After 2024 and 2025 Summits

• 2024 BRICS Summit in Kazan saw major breakthroughs in monetary cooperation. Russian President Vladimir Putin was seen with what appeared to be a prototype BRICS banknote.

• Putin emphasized that BRICS is not rejecting the dollar outright but is seeking alternatives due to restrictions on its use:

“If they don’t let us work with [the dollar], what can we do? We have to look for other alternatives, which is happening.”

• 2025 Brazil Summit maintained currency momentum despite some high-profile absences. Analysts now view 2026 as a realistic target for the rollout, with digital settlement mechanisms being implemented across member nations.

U.S. Tariffs Accelerate De-Dollarization

• U.S. tariffs on Brazilian exports under the Trump administration have intensified BRICS’ push for a shared currency.

• Brazilian President Luiz Inácio Lula da Silva and Chinese President Xi Jinping have pledged deeper cooperation to resist “unilateralism and protectionism.”

• Diplomatic strains escalated after Brazil’s Finance Minister canceled a meeting with the U.S. Treasury Secretary.

Economic Benefits and Strategic Impact

• Reduced dollar dependency and greater transaction efficiency are top economic drivers for the BRICS currency project.

• Iranian Ambassador to Russia Kazem Jalal stressed that the initiative would help member nations bypass the impact of U.S. sanctions.

• Integration of blockchain technology and central bank digital currencies (CBDCs) is advancing, enabling a modern settlement framework.

2026 Implementation Path

Brazil’s leadership is focused on aligning monetary policies, inflation management, and payment infrastructure across BRICS members. Despite varying economic conditions, the bloc is consolidating around shared frameworks to ensure the currency’s successful rollout.

@ Newshounds News™
Source: Watcher Guru    

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Fed Hints at Gold Revaluation: From ‘Conspiracy Theory’ to Central Bank Policy?

Fed Hints at Gold Revaluation: From ‘Conspiracy Theory’ to Central Bank Policy?

Miles Franklin Metals:  8-12-2025

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Matthew Piepenburg, Partner at VON GREYERZ, about the Federal Reserve’s surprising acknowledgment of gold revaluation as a debt solution – a move once dismissed as “tinfoil hat” thinking.

The Fed’s recent notes detail how countries have revalued gold reserves to raise cash without selling an ounce and how the U.S. could do the same.

Piepenburg breaks down what this could mean for the dollar, U.S. debt, and global power dynamics, plus the risks if Russia and China hold more gold than America.

This discussion is a Quick Cut from a longer in-depth interview. It covers:

Why the Fed is “planting the seed” for gold revaluation

How past gold revaluations worked in other countries

The trillion-dollar question: Spot price vs. $20K gold

Risks if China & Russia have more gold than the U.S.

Would this accelerate de-dollarization?

00:00 Introduction to Gold Revaluation

00:21 Federal Reserve's Note on Gold Revaluation

01:02 Global Examples of Gold Revaluation

01:46 Implications and Speculations on US Gold Revaluation

 02:29 Historical Context and Mainstream Acceptance

03:55 Potential Impact on US Debt and Economy

06:21 Global Reactions and Strategic Considerations

https://www.youtube.com/watch?v=WgrpPX7UdxU

Wednesday Coffee with MarkZ. 08/13/2025

PDK Reminder:  I only transcribe RV/Financial news and intel. Not political opinions or political and religious guests on this podcast.    If a podcast is mostly political…I may not do notes at all. Thank you

Wednesday Coffee with MarkZ. 08/13/2025

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 Mark. Mods, and Dinarians around the galaxy!

Member: Is the "Fat Lady " going to sing this week?

Member:  Really hoping for RV and bond news today!

Member: Mark, Did you hear from your historic bond holders yet?

MZ: Still very quiet….super quiet. I do not have a bond update yet from those late meetings last night. I do have a bond contact that has a meeting today….hoping we hear something later on.  

Member: This silence is killing me. After being on this train for over 10 years, I am ready to be done

Member: Maybe we are already in the 10 days of darkness?  

Member: I believe there is a banking holiday for a few days in Iraq this week….

Member: 8/15 into the weekend is supposedly rumored to be a big day

Member: Isaac (bond holder) says he’s hoping for a confirmation tomorrow (Thursday).

MZ: In Iraq: “ List of names: Accountability and Justice excludes dozens of new candidates, commission moves toward 400” This is almost like Nesara. They are going through who is eligible and who isn’t to run in this upcoming election. In the past we find out they have had a lot of criminals in office in Iraq and they are cleaning house.

Member: shafaq news is reporting kurdistan and bagdad have agreed to use a special mechanism

Member: It's on the CBI that they are meeting with Oliver Wyman and beginning to implement the plan for bank reform

MZ: “Government has no justification for not localizing the salaries of Kurdistan employees”  they don’t want the regional government to touch the salaries….they want it just given to the people from the federal government. This is from one of the politicians and they say the Kurdistan government cannot be trusted.

Member: Hopefully there is a blessing coming soon, because this movie really sucks

Member: Picture yourself already across that finish line. It is amazing how that calms your nerves.

Member: Everyone have a good day……Our blessing will happen “suddenly” and we will be very glad we did not quit waiting.

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! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:    https://www.youtube.com/watch?v=kril5fFLO1E

Ariel: Recent Developments Surrounding the Revaluation of the Iraqi Dinar

Ariel: Recent Developments Surrounding the Revaluation of the Iraqi Dinar

8-13-2025

The recent developments surrounding the Iraqi Dinar (IQD) revaluation represent a convergence of economic, geopolitical, and technological factors that could mark one of the most significant financial shifts in modern history.

As of August 12, 2025, the global financial landscape is undergoing profound changes, with Iraq’s banking reforms, the resolution of the Ripple-SEC case, and discussions on gold revaluation by the Federal Reserve creating a fertile ground for currency adjustments.

These events are not isolated; they interconnect through international monetary policies, blockchain advancements, and strategic resource management, potentially leading to enhanced value for currencies like the IQD. For American citizens holding IQD, this period signals an opportunity for substantial gains, driven by Iraq’s push toward financial sovereignty and integration into global digital payment systems.

The excitement for us IQD holders lies in the logical progression: Iraq’s reforms address long-standing issues like corruption and dollar dependency, paving the way for a managed revaluation.

 Historical data from countries like Germany (post-WWII) and Russia (1998) show revaluations yielding 10-100x returns for early investors, though Iraq’s could be more modest (e.g., 1,000-500 IQD/USD initially).

[Don’t Quote] Chase Bank’s preparation, as relayed by a manager, reflects internal memos circulating among major U.S. banks since mid-2025, training staff on handling exotic currency exchanges amid expected Middle Eastern volatility.

This aligns with Basel III’s emphasis on reserve assets, prompting banks to gear up for influxes of revalued dinars.

The Iraq blackout’s timing, mirroring Kuwait’s 1990-1991 disruptions during currency transitions, suggests deliberate orchestration for system resets.

 In Kuwait, blackouts masked the printing and distribution of new dinars; in Iraq, it may have enabled software updates for a digital dinar pilot, unreported but inferred from CBI’s recent digital payment initiatives.

Over the next couple of months, key milestones include the August 31 reform deadline and potential IMF reviews in September 2025. Success here could trigger a pilot revaluation by Q4, with full implementation in 2026, driven by oil prices stabilizing above $80 per barrel.

American holders should be excited because this event transcends speculation; it’s a testament to Iraq’s reconstruction, potentially yielding life-changing returns while contributing to global financial equity.

The convergence of these factors Ripple’s clarity, gold revaluation talks, and Iraq’s reforms positions IQD as a pivotal asset in the shift toward multipolar economics. In witnessing this, individuals are observing the erosion of petrodollar dominance, with implications for U.S. fiscal policy and crypto integration. The next months promise volatility but also opportunity, as Iraq pulls the trigger on long-awaited stability.

Here’s the probable sequence of events Iraq would follow right before a currency revaluation based on how other countries have done it, plus Iraq’s current political and economic reality:

Stage 1 — Final Banking Reform Lock-In

Timeline: Weeks–months before a rate change

What to Watch For: From Stephanie

• Central Bank of Iraq (CBI) announces all private banks have met capital and compliance requirements.

• Public confirmation that Iraqi banks are fully SWIFT compliant and connected for international settlements.

• Foreign bank partnerships become operational (not just announced).

• IMF, World Bank, or BIS statements praising Iraq’s financial readiness.

Stage 2 — Market Preparation

Timeline: 2–6 weeks before

What to watch for:

• Tightened dollar supply domestically (already happening, but would intensify).

• Increase in official gold reserves and CBI foreign currency holdings.(This has been occurring.)

• CBI runs “public education” campaigns about modern banking, digital payments, and avoiding currency speculation.(This has been occurring.)

• Quiet, unexplained meetings between Iraq, the U.S. Treasury, and IMF teams.(This has been occurring.)

Stage 3 — Legislative & Policy Clearance

Timeline: Days–weeks before

What to watch for:

• Finalization of the Hydrocarbon Law (HCL) and budget laws to secure oil revenue flow. (With elections coming up Nov 2025, the HCL could be up for legislation in early 2026.)

• Laws passed to protect investors and prevent capital flight.

• PM Al-Sudani or CBI Governor making speeches about “a new phase for Iraq’s economy.”

• Announcement of new financial contracts or trade agreements priced in dinars instead of USD.

Stage 4 — Exchange Rate Adjustment

Timeline: Immediate

What to watch for:

• CBI makes an early-morning announcement (often on a Sunday in Iraq when markets are closed internationally).

• Overnight system updates for banks, ATMs, and SWIFT codes.

• Temporary bank closures for 1–3 days while systems adjust.

• Strong capital controls — limits on cash withdrawals, foreign transfers, and currency exchanges in the first days.

Stage 5 — Post-Revaluation Stabilization

Timeline: Weeks after

What to watch for:

• Heavy CBI intervention to keep the new rate stable.

• Gradual easing of capital controls once confidence is established.

• IMF and World Bank monitoring reports showing stability.

• Surge in foreign investment announcements. (US sent our largest trade delegation in history to sign trade deals in March 2025.)

The big tell: When Iraq finishes banking reforms AND resolves all U.S./IMF compliance issues, the gap between that and a revaluation is usually short weeks or months, not years.

Read Full Article:   https://www.patreon.com/posts/federal-reserve-136357628

https://dinarchronicles.com/2025/08/12/ariel-prolotario1-recent-developments-surrounding-the-revaluation-of-the-iraqi-dinar/

Iraq Economic News and Points To Ponder Wednesday Morning 8-13-25

A Banking Disaster... 10 Iraqi Banks Are Under The Guillotine! 

August 13, 2025  Al-Mustaqillah/- In a dangerous development that exposes the fragility of the Iraqi banking system,  Central Bank Governor Ali Al-Alaq announced on Tuesday that  10 Iraqi banks are now subject to liquidation after being unable to return customer deposits.
 
This development raises serious questions about the future of the country's financial sector.

***************************************
 
Al-Alaq revealed that 80% of Iraqi currency remains locked away from banks due to a lack of trust in the banking system,  reflecting a long-standing failure to restore public confidence.
 
According to informed sources, this liquidation is not merely an "administrative reform,"
but rather comes amid stifling US pressure and sanctions targeting a number of Iraqi banks on charges related to illegal transfers, rendering them unable to continue their financial activities.
 
The 2025 banking reform document promoted by the Central Bank aims, according to Al-Alaq,
to modernize the banking system and attract global partnerships.
 
However, it is striking that only 10% of banks have expressed reservations about the plan,
while the rest face the risk of collapse or closure.
 
The liquidation of these banks may open the door to questions about who bears responsibility for their collapse.  Are they victims of external sanctions, or the result of the corruption and mismanagement that have plagued the banking sector for decades?
 
As the government promotes reform plans, the Iraqi banking sector appears to be entering a "cruel selection" phase between those who will survive and those who will be wiped out... but the price may be paid first by depositors.      
https://mustaqila.com/كارثة-مصرفية-10-بنوك-عراقية-تحت-المقصلة/   

 
Relations: 10 Banks Are Unable To Return Customer Deposits, And Lack Of Confidence Keeps 80% Of Funds Outside Banks.
 
Economy Yesterday, 12:35 | 1760  Baghdad Today – Baghdad   Central Bank Governor Ali Al-Alaq confirmed on Tuesday (August 12, 2025) that  approximately 80% of the Iraqi currency is stored outside banks in homes   due to weak confidence in the banking system.
 
Al-Alaq explained in a press statement followed by "Baghdad Today" that  "the reform document for the year (2025) aims to modernize banks according  to international standards and attract global partnerships," stressing that "the banking reform document represents a strategic step to enhance confidence in the Iraqi banking system and address shortcomings." 

He also revealed that only (10%) of the banks expressed reservations about the plan, while there are (10) banks under liquidation due to their inability to return customers’ deposits.     https://baghdadtoday.news/280767-80.html  

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

The Governor Of The Central Bank Holds An Important Meeting With Oliver Wyman.
 
August 12, 2025  The Governor of the Central Bank holds an important meeting with Oliver Wyman.
 
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and the relevant team
held a meeting with Oliver Wyman   to discuss the contents of the Iraqi Private Banks Association’s letter regarding the banking reform plan.
 
His Excellency confirmed that the Central Bank had completed an extensive discussion,
during which the attendees expressed their understanding of the points contained in
the letter and ways to flexibly adapt some of the plan’s provisions to facilitate implementation.
 
The company has begun studying available means to present the best proposals and ideas in this regard as soon as possible.
 
This bank confirms what it announced during the months-long preparation period of the plan, that the
goal of the plan is to  achieve a real project to  build and  stabilize the banking sector, enabling it to to operate safely and effectively in accordance with  international practices and standards and
local laws.
 
This is to enhance    governance,     compliance, and     risk management, and  to transition banks to an economic role that  enhances the development process and  provides services with the highest levels of efficiency and effectiveness,  utilizing the best practices and modern technologies.
 
The bank emphasizes that the plan   will enhance local and international confidence in the Iraqi banking sector,   particularly since   implementation of the plan and  adherence to its provisions will lead to  the   restoration of relations between all banks that meet the  plan's requirements and   internationally accredited correspondent banks,   particularly those banks that do not currently have international banking relationships.
 
The bank also thanks all banks for     their engagement with the plan and     their fruitful cooperation with the Central Bank to achieve common goals in the public interest,  emphasizing that the plan's success depends on the cooperation of all concerned parties.
 
The bank noted that it  has succeeded in many aspects over the past period and  hopes to continue to implement this plan to its fullest potential. Central Bank of Iraq  Media Office  https://cbi.iq/news/view/2952    
  

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