Seeds of Wisdom RV and Economic Updates Friday Evening 1-3-25

Good Evening Dinar Recaps,

BEARS, BULLS AND REGULATIONS SHAPE CRYPTO’S 2025 ASPIRATIONS

The global cryptocurrency market is capitalized at over $3 trillion. Much of that value is concentrated at the top, among a few key digital tokens.

Bitcoin, as the first and most widely recognized cryptocurrency, plays a central role in the sector’s valuation, commanding a substantial share. At its highest, bitcoin’s market capitalization has approached $2 trillion, representing roughly two-thirds of the landscape’s overall market value.

Bitcoin topped $100,000 as 2024 came to a close, but has skidded down double digits from its peak of over $108,000 around two weeks ago.

This concentration of value at the top has implications for the overall market’s volatility, innovation and the evolution of altcoins, with bitcoin often setting the tone for broader market trends. It also raises questions about the future of crypto market dynamics as new technologies and use cases continue to emerge.

With the news that the Tether stablecoin’s (USDT) market cap fell more than 1% to $137.24 billion this week, the largest decline since the crash of the FTX exchange in November 2022, understanding the impact of regulations on the marketplace is becoming crucial for businesses looking to capture efficiencies and advantages from the use of tokens such as stablecoins.

After all, USDT is supposed to maintain a stable, flat value of $1. As of reporting, the stablecoin is a smidge below that value, sitting at $0.9993. The decline comes after several European Union-based crypto exchanges removed USDT due to compliance issues with the EU’s Markets in Crypto-Assets (MiCA) regulation that took full effect on Dec. 30 (the actual law around stablecoins kicked in six months ago).

Per the MiCA regulations, stablecoin issuers must hold an e-money license in at least one EU member state in order to operate across the 27-nation bloc. Tether, which has faced controversy throughout its history, has yet to apply for an e-money license.

The Role of Institutional Adoption

In 2025, the cryptocurrency market may find itself at a crossroads. If the bulls are right, the industry could see substantial growth, with more institutional investment, regulatory clarity and real-world use cases for cryptocurrencies

However, if the bears prevail, we may witness a volatile market, regulatory crackdowns and a continued struggle to overcome the technology’s shortcomings.

The bullish optimism surrounding institutional adoption is one of the strongest driving forces. In 2025, financial institutions, banks and even central banks are expected to play a significant role in legitimizing cryptocurrencies.

 Global financial giants are already eyeing blockchain for solutions like cross-border payments and settlement systems, providing liquidity for crypto markets and solidifying their utility in traditional finance.

Stablecoins — digital currencies pegged to traditional assets like the U.S. dollar — are likely to become a common mode of transaction. With major players in FinTech, like PayPal and Visa, already integrating cryptocurrencies into their platforms and experimenting with stablecoins, real-world use cases could soon be as easy as tapping a credit card.

The Bearish Argument: Volatility, Regulatory Shadows

Perhaps the biggest concern for crypto’s future is government regulation. The lack of clear rules around cryptocurrencies has been a major deterrent for mainstream adoption.

PYMNTS covered on Nov. 25 how cryptocurrencies, and more specifically their underlying blockchain technologies, have gone from a solution in search of a problem to a solution in hopes of some regulatory clarity. Of course, that clarity may come when cryptocurrency companies and other firms embrace and invest in, rather than resist, appropriate guardrails for their industries.

The dynamic situation at home in the U.S. has even led to people like venture capitalist Marc Andreessen arguing that banks are cutting ties with customers on the political right, or with industries such as the cryptocurrency sector.

Writing about the issue earlier this month, PYMNTS argued that while Andreessen’s claims might resonate with the frustrations held by many corners of the cryptocurrency and FinTech sectors, the reality could be far more nuanced than a political assault on those industries.

“After all, innovation typically moves faster than regulation, and the growing strain between traditional banks and future-fit FinTech and crypto firms can also be in part chalked up to the inevitable consequence of outdated regulatory frameworks, stricter know your customer (KYC) and anti-money laundering (AML) standards, as well as heightened fraud risks,” that report said.

@ Newshounds News™

Source:  Pymnts

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WESTERN MARKETS LOSING THEIR GRIP ON GOLD & SILVER

Precious metals expert Peter Grandich warns of Western markets losing their grip on gold and silver, with Asia emerging as the dominant force.

In a recent interview by Liberty and Finance, renowned precious metals expert Peter Grandich discussed the shifting dynamics of the global gold and silver markets. Grandich, a seasoned investor with decades of experience, highlighted the diminishing influence of Western markets like London and New York, asserting that "Asia is becoming the center for Metals trading... Europe particularly London and New York as each day goes by is becoming less and less of a force."

This shift, he argued, could have profound implications for market volatility and price discovery. "The difference is there are serious physical buyers of it [gold], not these paper pushers that have existed in London and New York," Grandich emphasized. He further noted that the decline of Western dominance could lead to reduced market manipulation and increased price stability in the long run.

Bullish on Gold, Cautious on Silver

Grandich maintained a bullish outlook on gold, predicting a potential price target of $3,000 per ounce in 2025. He attributed this bullish sentiment to continued central bank buying and the potential for increased mainstream investor interest. However, he cautioned that a correction, potentially reaching $2,300, could occur in the short term.

Regarding silver, Grandich acknowledged its strong fundamentals but expressed concern over its persistent inability to decouple from gold's price movements. He believes that silver needs to break above the $35-$36 per ounce level to establish its momentum.

Geopolitical Uncertainty and the US Dollar

Grandich highlighted the potential impact of geopolitical uncertainty and the weakening US dollar on precious metals prices. He emphasized that the rising national debt and the ongoing trade war could weaken the dollar's strength, bolstering the appeal of gold as a safe-haven asset.

Beyond market predictions, Grandich stressed the importance of sound financial planning, emphasizing the need for individuals to prioritize cash flow management and reduce reliance on debt. "Less is more," he stated, emphasizing the importance of living within one's means and minimizing financial risk.

@ Newshounds News™

Source:  The Jerusalem Post

Watch:  Youtube

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THE CONSTITUTION CALL

Invite a Study Buddy to learn who you are, your status, and the Constitution.  Make it fun learning our history.  See the Constitution and the new financial system connect with Nesara.  Listen live tonight and ask questions.

Join the call: Link  

Friday Nights: 5:00 Pacific, 7 :00 Central, 8 EST

@ Newshounds News™

Previous Calls:  Seeds of Wisdom Team RV Currency Facts

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Calls for a Great Debt Reset, the Coming Jubilee

Calls for a Great Debt Reset, the Coming Jubilee

Michael Cowan:  1-2-2025

The global financial landscape feels increasingly precarious. From soaring national debts to crushing household burdens, many are struggling under the weight of obligations they can barely manage.

In such times, whispers of radical solutions emerge, often echoing ancient concepts.

One such concept gaining traction is the idea of a debt jubilee – a large-scale forgiveness of debts, a reset button for the global economy.

Throughout history, jubilees, as envisioned in ancient religious texts, were designed to restore balance and alleviate the burden on the poor. The modern interpretation, though not always religiously motivated, centers on the same principle: a widespread and decisive act of debt forgiveness to address systemic financial imbalances.

But what would this look like in the 21st century, and what are the potential benefits and pitfalls?

The concept of a debt jubilee remains controversial, debated fiercely by economists, policymakers, and the public. While it presents a potentially transformative solution to deep-seated financial imbalances, the risks are considerable.

Whether a modern jubilee is truly around the corner, or whether it remains a radical idea on the fringes, remains to be seen. However, the conversation itself highlights the growing urgency to address the systemic issues that contribute to our current debt crisis.

As the world grapples with the legacy of an increasingly interconnected and financially volatile system, the idea of a debt reset, in some form, will likely continue to gain momentum. The crucial question is not if we need significant change, but how we can achieve a more sustainable and equitable financial future for all.

Watch the video below from Michael Cowan for further insights and information.

https://youtu.be/P7MK4DkrisA

Seeds of Wisdom RV and Economic Updates Friday Morning 1-3-25

Good Morning Dinar Recaps,

RIPPLE XRP NEWS: CEO BRAD GARLINGHOUSE ‘EXCITED’ FOR 2025 AND REAL-WORLD UTILITY

▪️Brad Garlinghouse expressed his enthusiasm for 2025 on X, highlighting the increasing momentum and greater focus on real-world utility.

▪️Ripple made considerable strides in reshaping the financial landscape by forging new partnerships with major financial institutions throughout the year.

Ripple CEO Brad Garlinghouse has shared his palpable excitement about the potential developments expected in the year 2025, a pivotal moment that could redefine the cryptocurrency landscape.

 He foresees substantial growth for Ripple and a broader transformation in the financial ecosystem as it increasingly embraces digital assets and blockchain technology, with a growing emphasis on real-world utility.

Apart from Brad Garlinghouse’s optimistic outlook, the XRP Army is equally enthusiastic about the prospects for XRP in the current year. A key catalyst for this optimism is the anticipated approval of an XRP-related Exchange-Traded Fund (ETF) by the SEC, which many believe could significantly boost XRP’s legitimacy and market appeal.

Furthermore, the prospect of pro-crypto leadership under a Donald Trump presidency, alongside appointments such as Paul Atkins as the incoming SEC Chair, Scott Bessent as Treasury Secretary, Billy Long overseeing IRS commissions, and David Sacks in the newly created role of AI and Crypto Czar, signals a promising shift towards a more favorable regulatory environment for digital assets.

Additionally, the long-awaited settlement of the SEC lawsuit against Ripple, a legal battle that has cast a shadow over XRP’s potential, is viewed as a hopeful turning point. Together, these developments suggest not only a brighter future for Ripple but also for the broader cryptocurrency market.

Ripple 2024 Highlights

In 2024, Ripple marked a series of significant milestones that reinforced its mission to transform the financial landscape. The year began with a partnership with EasyA to launch an educational program aimed at teaching over 750,000 developers how to utilize smart contracts on the XRP Ledger. This initiative bolstered Ripple’s commitment to fostering community engagement and innovation.

Ripple also collaborated with SBI Group and HashKey DX to develop customized solutions on the XRP Ledger, with SBI becoming the first Japanese corporation to implement these blockchain solutions in supply chain finance. 

A pivotal moment came in February when Ripple acquired Standard Custody, bringing it closer to securing a coveted U.S. charter and solidifying its presence in the U.S. market.

The announcement of a partnership with Clear Junction in June highlighted Ripple’s dedication to enhancing cross-border payment capabilities with European banks, adding credibility to its operations.

Lastly, Ripple introduced its stablecoin, RLUSD, fully backed by U.S. Treasuries, bank deposits, and cash equivalents through a New York Department of Financial Services (NYDFS) trust charter. Potential applications for RLUSD include cross-border payments, corporate treasury functions, decentralized finance (DeFi), and trading collateral, along with the advantage of over 90 global payout markets.

These strategic initiatives contributed to XRP’s impressive rise from $0.62 at the start of the year to an all-time high of $2.89 by December 3, with current pricing at $2.40. As we begin this new year, market sentiment remains cautiously optimistic as investors keep a close eye on Ripple’s trajectory and regulatory developments.

@ Newshounds News™

Source:  Crypto News Flash

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X MONEY TO SUPPORT CRYPTO AT LAUNCH? BEST WALLET COULD BE THE MISSING LINK

The imminent debut of Elon Musk’s X Money, also known as X Payments, is sparking widespread speculation.

Theories surrounding the payment platform are swirling after X CEO Lindas Yaccarino confirmed on New Year’s Eve that it’ll launch in 2025 alongside X TV and Grok.

According to American entrepreneur Alex Finn, leaked code recently suggested it’ll be launching imminently – possibly even today.

What’s more, it might only be available in 39 US States initially, where X Money’s backbone, X Payments LLC, has secured regulatory approvals.

X Payments to Include Crypto?

At its core, X Money will enable users of X (formerly Twitter) to tip content creators.

With financial incentives enabled by X Money, creators might be more inclined to produce richer content that enhances X’s offerings – especially those who aren’t reliant on conventional ad revenue models.

The platform’s exact details have not yet been disclosed. Yet, Finn announced it’ll support crypto in a self-hosted X space.

There’s surging suspicion that X Money will support Bitcoin ($BTC) and Dogecoin ($DOGE), owing to Musk’s already accepting $DOGE payments at Tesla. Musk also holds $1.1B $BTC for his $1.19T supercar company.

Considering Elon Musk’s Web3 advocacy, crypto and even meme coin support wouldn’t come as a surprise.

Supporting crypto could also provide huge user benefits, owing to its decentralized nature and speedy processing times. As one X user commented in response to Finn’s post, “No permission needed, no holding back, just pure opportunity.”

Best Wallet Could Streamline X Money

Using a reliable crypto wallet like Best Wallet will be an essential accessory for those interested in Musk’s payment platform. That’s because you need a good wallet for your crypto before you can use it to tip anyone.

Best Wallet is on track to attract 40% of the 11B non-custodial wallet market by 2026. It sets itself apart from competitors like MetaMask owing to its unwavering support of presale projects and 60+ blockchain networks.

Best Wallet’s multi-blockchain support and user-friendly functionality should meet X Money payment requirements.

Another perk is its off-ramping function. Users can easily convert crypto into 100 fiat currencies (including $GBP, $USD, and $EUR) in their bank accounts. This means content creators being tipped in X Money can easily convert their funds into real-world currency for everyday spending.

For just $0.023375, $BEST token buyers can join the crypto wallet token project and have a say in the Best Wallet ecosystem’s future. Given the radical disruption changes to the game that launches like X Money pose, it’s no wonder Best Wallet’s presale has already raised over $6.2M.

However, this isn’t financial advice. Be sure to always do your own research before making any bold investment choices.

@ Newshounds News™

Source:  Bitcoinist

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XLM NEWS TODAY:

XLM'S SHOCKING POTENTIAL EXPOSED IN X'S NEW PAYMENT SYSTEM

Could Stellar be the underlying network of X's new payment system?

@ Newshounds News™

Source:  Youtube

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Thank you Dinar Recaps

News, Rumors and Opinions Friday AM 1-3-2025

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 Fri. 3 Jan. 2025

Compiled Fri. 3 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 2 Jan. 2025 Frank26 and WalkingStick: Iraq’s foreign minister is in DC, and they have accomplished a lot! The new, recalculated Dinar Rate was given to the US Treasury. The United States has been paid in full by Iraq. The United States has lifted the remaining sanctions on the Iraqi Banks! 

Thurs. 2 Jan. 2025 Bruce:

Iraq had a new in-country rate on New Years Day

At midnight tonight EST Iraq will announce the new in-country Dinar Rate and likely will start in-country exchanges this weekend.

The Iraqi Dinar Contract Rate is very high.

Tier4b (us, the Internet Group) could be notified to call for exchange appointments anywhere from Friday 3 Jan. to Sunday 5 Jan.

The instructions will tell you when to call for your appointment. Please obey that time frame.

You can ask for the Contract Rate on the Dinar.

The Med Bed appointments: Zim Holders have priority. You can refer up to 6 people for Med Bed appointments.

There are well over 6,000 Med Bed Centers in the US.

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Thurs. 2 Jan. 2025: The switch over to the Quantum Financial System allows YOU, full control of YOUR finances.  …Gitmo TV on Telegram

No longer will you be burdened with a bank visit, creating deposit slips, ATM withdrawals, financial fees & set limitations.

You’ll have full access without a middleman that prevents you to transfer a set amount, to receive up to date transactions – without delays to a system because the transaction was on Sunday but won’t show up until Tuesday.

Everything has been computerized, your bank account was digital – why would you need to wait for a transaction? Why? Because THEY delayed your money clearing in the system program, just like everything has a program inside and we’re cutting all the red data(tape) out.

Using blockchain technology backed by gold and silver (not the same as cryptocurrency THEY promote.) your phone can be used with NFC (near field communication) to process a payment at a retailer. With several options – digital & analog (cards) the way to access YOUR money ends up on the end user. You.

Read full post here:  https://dinarchronicles.com/2025/01/03/restored-republic-via-a-gcr-update-as-of-january-3-2025/

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

Militia Man  To me it looks like the ball is in the central bank's court at this time.  Iraq has to have have some secrecy because it's so highly sensitive.  It's going to have shocks.  It's going to have an impact.  

Mnt Goat   Article:   “STARTING TO IMPLEMENT ASYCUDA GLOBAL SYSTEM FOR AUTOMATING CUSTOMS OPERATIONS”  in this article they are telling us the system will start on Jan 1st 2025. How could this be without the IQD on FOREX for a reference rate?   I believe that this ASYCUDA system will NOT yet be online since the IQD is not yet on FOREX. ...it will need the IQD on FOREX to properly conduct the customs collection service through ASYCUDA...my analytical thinking mind tells me something was held up again. It sounds too fishy to have multiple events being targeted around the same period (beginning of Jan 2025), and all of them relying on the IQD getting to FOREX.  Do you see it too?  Come on folks this is exciting not a disappointment!

LIVE! (Bank Of America Stock Market "SELL" Signal). None Of This Is Looking Good...

Greg Mannarino:  1-2-2024

https://www.youtube.com/watch?v=byaZgd5wMCs

How Government Bonds Work - and Why They Fail

Heresy Financial:  1-3-2025

TIMECODES

0:00 Intro

 0:13 How Bonds Work

1:40 How Interest Rates Rise and Fall

4:42 How the Debt is Paid

 6:44 More Printing

9:03 Why Haven't We Seen Hyperinflation

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

“Tidbits From TNT” Friday Morning 1-3-2025

TNT:

Tishwash:  Iraqi Central Bank Streamlines International Transfers

The Central Bank of Iraq (CBI) has announced the successful transition of external transfers from an electronic platform to direct operations by Iraqi banks through their international correspondent banks.

According to a CBI statement, this milestone, fully achieved at the end of December, aligns with global best practices, promoting a stable and secure financial system.

Key highlights include:

Modernisation Journey: Transfers evolved from a currency sale window to an electronic platform and now to correspondent banking systems.

Diverse Currency Support: Iraqi banks can now enhance balances with correspondent banks using various currencies, including USD, INR, CNY, EUR, AED, SAR, and JOD.

Global Integration: The system improves efficiency and aligns Iraq's financial operations with international standards, boosting regional and global financial relationships.

Investment and Trust: This achievement strengthens Iraq's appeal for investment and enhances international financial confidence.

The CBI attributed this progress to extensive technical planning, governmental support, and the contributions of its staff, Iraqi banking institutions, and international partners.

The bank reaffirmed its commitment to fostering good governance, compliance, and anti-money laundering measures, further solidifying Iraq's financial system.  link

Tishwash:  After the electronic platform stopped...Answering questions from Iraqi circles about the new dollar mechanism

Many citizens have raisedIraqisQuestions about the new trading mechanismDollarinIraqHow to withdraw or buy it after stoppingOfficialTo create an electronic platform.

He saidDeputyThe Governor of the Central Bank, Ammar Khalaf, said yesterday that "the mechanism of work on the electronic platform related to foreign transfers has stopped working, but financing foreign trade continues through correspondent banks according to different mechanisms that are parallel to what is in effect in countries around the world."

 Many citizens wondered about the news of the platform that was established.SumerianNews published on the social networking site "Facebook", about the electronic platform and its work, and what will happen to the dollar, and whether it will witnessIraqA new rise in currency exchange rates.

One citizen said via the comment feature: "What is meant by the electronic platform? Can someone explain?", while another replied that "the blockade will return to Iraq and the exchange rate will be at least 250 thousand dinarsIraqiFor $100.”

Another asked about “the continued arrival of foreign remittances toIraqAnd giving the currency to travelers," while another pointed out that "unemployment will return and food prices will quadruple from their normal levels and famine will return to Iraq."

Others praised the decision to stop the electronic platform, considering it "an effective government achievement that will be beneficial in succession and a transformation process that enhances the economic role and prepares for investment opportunities with complete confidence, and that the government is activating the supervisory role over the markets and exchanges and dealing in the dinar only to raise the value of the Iraqi dinar."

Another pointed out that "the platform was a front for theftDollarThus, imposing control through financial transfer by the bank will contribute to balancing the market and controlling the rise of the dollar,” and another supported him by saying that “this step may have several reasons, such as:

1- Controlling the dollar exchange rate: trying to stabilize the priceDollarIn front of the dinarIraqiBy reducing the flowDollar

2-Preventing dollar smuggling: If there are indications thatDollarIt is used in smuggling operations or there is an inflation in demand for it due to illegal purposes.

3-Strengthening the local economy: reducing dependence onDollarSupporting the local currency by reducing tradingDollarIn the markets.

Possible outcomes: higher prices.DollarOn the black market if there are no alternatives to meet demand. Impact on traders and businesses who depend onDollarIn imports, which may lead to higher prices for imported goods.

Tightening financial controls to try to prevent fraud and circumvention of policies. Therefore, the effects will depend on how this decision is implemented and the extent of alternative plans to provideDollarFor the commercial and service sector.

"Travelers' Dollar"
It is worth noting that "the Central Bank explained that grantingDollarFor travelers, it continues at airports according to the approved mechanism, which is the best in limiting the occurrence ofDollarFor the traveler, noting that "this decision is part of a series of reforms aimed at facilitating financial procedures and stimulating the economy."

What is the "electronic platform"
? The electronic platform for money transfers is a mechanism adopted to ensure the regulation of foreign money transfers and limit manipulation of exchange rates. It works to document commercial operations and transfer funds by banks and financial companies, ensuring more effective control over hard currency flows in and out of the country.

Will the cancellation of the platform affect the dollar price?
The impact of the cancellation of the platform on the priceDollarIt will be reflected in prices as follows:

1- Increased demand forDollarIn the black market, in the absence of an electronic platform, demand may increase.DollarIn the black market due to the absence of control mechanisms, which leads to high exchange rates outside official channels.

2- Weak confidence in the dinar, as canceling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure market stability. Weak confidence means that citizens and investors may withdraw their money in dinars and transfer it toDollarAs a safe haven.

3- The impact of smuggling and money laundering, as canceling the platform may cancel strict control over dollar smuggling operations, and smuggling and money laundering practices may expand, which increases the demand forDollarSignificantly and affects the central bank's reserves.

4- The market depends on supply and demand. With the cancellation of the platform, the currency market may become more affected by direct supply and demand. This may lead to severe fluctuations in the exchange rate, especially in light of unstable economic and political conditions.

Will the dollar rise?

The government and the central bank can rely on other control tools such as strengthening the role of local banks, imposing strict restrictions on foreign transfers, activating alternative control tools, or pumping more dollars into the market to meet demand and maintain price stability. Investment can also be encouraged and reliance on foreign currencies reduced, to relieve pressure onDollarAnd strengthening the dinar, all these measures can maintain pricesDollar.   link

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Tishwash:  Al-Sudani confirms that the government has taken practical steps to diversify the economy

Prime Minister Mohammed Shia al-Sudani confirmed today, Thursday, that the government has put in place clear practical steps aimed at diversifying the Iraqi economy away from total dependence on oil revenues.

Al-Sudani said in a speech during the opening and launch of several projects in the oil sector in Baiji district in Salah al-Din Governorate, which was followed by the / Al-Maalouma / agency, that “the government has worked since the first days of assuming its duties to reconsider the philosophy of the Iraqi economy based on rentierism, and to put in place practical steps, not theoretical ones, in the matter of diversifying the economy."

He pointed out that "Iraqi competencies have begun to manufacture and establish units in refineries, which gives value to the product and drives market stability. A country that produces more than 4 million barrels per day cannot continue to import oil and gas derivatives."

He added: “We have started several strategic projects that are being implemented for the first time in the country and in the history of the oil industry, and we have made great strides in solving the problems, especially in the issue of gas flaring, through The contracts and agreements concluded, and we have set a ceiling not exceeding 2028 to stop gas flaring and a zero percent rate in flaring associated with gas, and we are continuing to promote the patches and fields for free gas.”

He pointed out that "the projects that were opened and construction was launched today are important to achieve a shift in the oil industry," directing "the Ministry of Oil to complete the studies for the petrochemical project and the FCC project in Baiji."

He announced "a plan to make Baiji the largest oil industrial city in Iraq and the region," noting "work to adopt international standards and environmentally friendly quality."

He pointed out that "work is underway to complete the strategic integrated southern project, which is being implemented for the first time in the field of oil development and gas investment, and to establish a power station, refinery and petrochemical plant in one place."  link

Mot: .... the Planning that is Needed ---

Mot: . This Diet Thingy - I Finally Figured it out!!! 

Seeds of Wisdom RV and Economic Updates Thursday Evening 1-2-25

Good Evening Dinar Recaps,

HOW DISTRIBUTED LEDGER TECHNOLOGY CAN ENHANCE CROSS BORDER PAYMENT SOLUTIONS

Over the last few years, financial institutions around the world have embraced tokenization for capital market asset management. Kelvin Li, Head of Platform Tech and Jessica Cao, Head of International Financial Institutions Partnerships at Ant International, discuss how distributed ledger technology can be leveraged with tokenized assets to enable interoperability.

Tokenization as a concept can have different meanings. In the domain of payments and settlement, it typically refers to the integration of new technologies to either expand their capabilities or improve their performance through distributed ledger technology (DLT). 

According to a 2024 McKinsey report, the tokenized asset market is projected to grow to $1.9T by 2030, with tokenized deposits projected to reach a market capitalization of $1.1T and other assets classes making up the remaining $0.8T.

The nature of tokenized deposits could inherently lend itself to facilitate near real-time in a cross border environment. The current offering of tokenized deposits is bounded by a single platform or issuer, while cross border payments entail different currencies and payment systems. This means that tokenized deposits would need a way to be exchanged to ensure the transfer of funds from one jurisdiction to another can be completed end-to-end.

Considering its potential to revolutionize cross border payments, leading industry players are working towards an interoperable tokenized asset ecosystem that could address these challenges. One solution could be a token exchange model enabled by liquidity providers. While liquidity provision is not a novel concept, innovation in the Web 3.0 space, by platforms such as Uniswap, significantly popularized and advanced the concept by making liquidity provision more accessible. In the regulated world, a similar model can be borrowed to incentivize liquidity provision.

At a mature stage where token types are no longer a barrier to payments, we then can reap the benefits of DLT to enable lower costs, real-time atomic payments, more efficient reconciliation and more secure transmissions, bringing about the next evolution of cross border payments.

Enabling Liquidity Providers in Token Exchange

Liquidity providers would play a key role in facilitating cross-issuer or cross-currency tokenized deposit transfers. In this context, the liquidity provider would perform the token exchange and provide the price quotation for different token pairs. Leveraging smart contracts, the liquidity provider can perform on-chain fulfilment of the token swap, ensuring transparent, immutable and secure transactions to occur in real-time. In addition, programmability embedded in the tokens, such as conditional payments, would be able to enhance transaction efficiency and flexibility.

For example, conditional payments can automate processes such as releasing funds only when predefined conditions are met, reducing the need for intermediaries for lower cost and mitigating risks of disputes. 

This programmability can also enable features like automated compliance checks, escrow arrangements, or milestone-based disbursements, all of which can streamline operations.

While liquidity providers are rewarded with liquidity cost and price spread, the entry of more liquidity providers will unlock additional liquidity. Additionally, liquidity providers could exchange tokenized deposits with each other, creating a more robust and interconnected liquidity network.

This would further enhance market efficiency by enabling seamless transfers and price discovery across different currencies and platforms.

We do recognize the potential drawbacks of this structure, such as the risk of liquidity fragmentation, as liquidity providers would need to separately fund both fiat and token accounts. This could lead to higher costs and, consequently, less efficient price discovery.

However, this structure can be more inclusive compared to existing payment services, potentially driving higher efficiency in cross border payments from end to end.

Ant International’s Multi-Currency Tokenization Deposit for FX Payments

At Ant International, due to the global nature of e-commerce transactions, we initiate and receive payments around-the-clock in multiple jurisdictions. We are piloting an approach for a deposits token exchange model. 

Partnering with a liquidity provider, we facilitated cross border payments by leveraging banking partners to provide off-chain FX pricing through Price Oracle. 

The tokens used to complete the cross border payments were denominated in different currencies and by different issuers. We found that the token exchange model was a potential solution for cross border payments using tokenized deposits and intend to scale up this usage in the future.

With the tokenized asset market and global business-to-business payments market set to increase exponentially in the coming years, financial institutions have started to review and enhance their existing solutions and infrastructure to ensure they are strategically positioned to support this growth. But one asset class or a single financial institution alone will not make a big enough impact.

In order to enhance cross border payment solutions across the entire industry, public-private collaboration still remains key, through industry-wide initiatives. We have already seen a number of forward-looking central banks and regulators launch such programs, which are still ongoing. 

These projects will not only help to advance existing technology, they also have the potential to enhance existing laws and regulations and ensure that the key users and beneficiaries of tokenization are protected.

@ Newshounds News™

Source:  Ledger Insights

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CHINA’S NEW RULES FORCE BANKS TO FLAG TRANSACTIONS WITH CRYPTO: REPORT

China’s new rules require banks to flag risky transactions, including those involving crypto, making it harder for mainland investors to trade digital assets.

China‘s foreign exchange regulator, the State Administration of Foreign Exchange, has rolled out new rules requiring banks to keep a closer eye on transactions involving digital assets, the South China Morning Post has learned, citing the regulator’s announcement.

The rules, applicable to local banks in mainland China, focus on identifying “risky foreign exchange trading behaviors,” the report reads. These include underground banking, cross-border transactions involving crypto, and illegal financial activities.

Banks now have to track transactions by checking things like who’s involved, where the money is coming from, and how often the trades are happening. Additionally, Chinese banks are also expected to create risk-control measures for these entities and limit their access to certain services, the report says.

The new rules are part of China’s push to tighten control over crypto, including Bitcoin trading and mining, which officials see as a risk to financial stability.

China has taken a tough stance on crypto over the years. Back in 2017, Beijing banned initial coin offerings and shut down domestic crypto exchanges to prevent financial risks. By 2021, things escalated with a full ban on crypto trading and mining. Despite these restrictions, it’s still technically legal for individuals to hold digital assets, though the gray areas in regulation keep things complicated.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 1-2-25

Good Afternoon Dinar Recaps,

BINANCE MADE HISTORY: FIRST CRYPTO EXCHANGE TO SECURE BROKER-DEALER LICENSE IN BRAZIL!

▪️Binance crypto exchange secures broker-dealer license in Brazil.

▪️Richard Teng highlights Binance’s dedication to compliance and Brazil’s clear crypto regulatory framework.

▪️Brazil marks Binance's 21st regulatory milestone, solidifying its global leadership in crypto markets.

Binance, the world’s leading cryptocurrency exchange, has made a significant move in Brazil by securing approval from the Central Bank of Brazil to acquire a licensed broker-dealer institution. This marks Binance’s 21st global regulatory achievement, and it’s a big win for the platform in Latin America’s largest market.

Binance’s New License in Brazil

With the full approval to take over Sim;paul, a licensed broker-dealer, Binance can now operate with even more efficiency in Brazil. The license not only allows Binance to distribute securities and issue electronic money, but it also makes Binance the first crypto exchange to hold a broker-dealer license in the country.

This new approval positions Binance to better comply with Brazil’s growing regulatory framework for crypto assets.

However, Richard Teng, Binance’s CEO, expressed his excitement about the approval on X. He said Brazil is a growing crypto market, and this approval shows Binance’s commitment to following the rules while offering a safe platform for its users. Teng thanked local regulators for their work in setting clear rules for the industry.

Brazil’s Efforts to Regulate Crypto

Brazil, ranked 10th in the global crypto adoption index, is taking steps to regulate the crypto industry. The Central Bank and IRS have created proposals for new rules and are asking experts and the public for feedback.

Additionally, legislators in the country are discussing bills related to asset segregation and stablecoins, signaling a future-forward approach to crypto regulation.

Binance’s Expanding Global Reach

This approval is just one example of Binance’s commitment to global expansion. The company has also received regulatory approval in other countries like Argentina, India, Kazakhstan, and Indonesia. Binance holds licenses in places like Dubai, France, Japan, and El Salvador, showing its global reach and commitment to following rules everywhere.

@ Newshounds News™

Source:  Coin Pedia

~~~~~~~~~

MEMBERS OF US CONGRESS BACKED BY CRYPTO PACS TO TAKE OFFICE ON JAN. 3

Interest groups suggested that a majority of lawmakers in the US House of Representatives would be “pro-crypto” after the 2024 election.

United States lawmakers who benefitted from support from the cryptocurrency industry in their respective 2024 primaries or elections will soon be sworn into office for the 119th session of Congress.

Crypto executives and political action committees (PACs) like Fairshake and its affiliates poured millions of dollars into media buys to support “pro-crypto” candidates in the 2024 election cycle, which could have contributed to some politicians winning in certain tight races across the country.

One of the most high-profile elections saw Republican Bernie Moreno defeating incumbent Ohio Senator Sherrod Brown by roughly 200,000 votes after the Defend American Jobs PAC spent more than $40 million.

According to data from the election influence tracking website Follow The Crypto, 10 new members of the US Senate expected to be sworn in benefitted in some way from funding from the cryptocurrency industry.

From a $6,600 individual contribution from Ripple co-founder Chris Larsen to Maryland Senator Angela Alsobrooks to more than $10 million from the Protect Progress PAC — also a Fairshake affiliate — to support Michigan Senator Elissa Slotkin, crypto money arguably influenced the composition of the next US Senate just as much if not more than other special interest groups.

The makeup of the US House of Representatives is a similar story, with 63 new members taking office in January. Fairshake and its affiliates poured millions of dollars into primary races in 2024 to support both Democratic and Republican candidates who had expressed views favoring the crypto industry.

In one of its biggest expenditures resulting in a win for the candidate, Protect Progress spent roughly $1.7 million in media buys to back Alabama Representative Shomari Figures over Anthony Daniels in the primary for the state’s 2nd Congressional District. Some House candidates, including Texas Representative Sylvester Turner, appeared to have not received any support from crypto executives or PACs.

No signs of crypto money stopping in the next election cycle

According to the advocacy group Stand With Crypto — which also attempted to influence US voters to choose candidates it considered favorable to the industry — roughly 270 lawmakers in the next session of Congress will be “pro-crypto,” with a clear majority in the House.

The composition of both chambers could affect legislation in 2025 on how to regulate crypto in the US through proposed bills like the Financial Innovation and Technology for the 21st Century Act (FIT21).

After their 2024 election wins, some in the industry have suggested that they will continue their approach to supporting candidates in the 2026 midterms and beyond. As of November, Fairshake reported having roughly $103 million to be used for the 2026 election cycle, primarily funded by Coinbase and Ripple. All 435 House members, serving two-year terms, will be up for election again at that time.

@ Newshounds News™

Source: CoinTelegraph 

~~~~~~~~~

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“Bits and Pieces” in Dinarland Thursday Afternoon 1-2-2025

KTFA:

Clare:  Instructions and standards for the circulation and exchange of banknotes and the mechanisms for counting and sorting

December 29, 2024

In continuation of our circular No. (34/4/9) dated 1/15/2024, regarding the unification and updating of controls and instructions for the standards for the circulation and replacement of banknotes, we attach the principles, standards and instructions that will be adopted in the counting, sorting, receipt and delivery of banknotes operations . For more , click here.

https://cbi.iq/news/view/2749

Clare:  Foreign remittance service

January 02, 2025

We would like to inform all licensed banks and all licensed non-banking financial institutions that Global Odeme Hizmetleri is allowed to provide foreign remittance services within a credit agreement concluded with this bank in addition to Western Union and MoneyGram .  For more information, click here .   LINK

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Clare:  Al-Saadi: Closing the dollar selling platform will not affect its prices

1/2/2025  Information / Anbar..

Economic expert Rashid Al-Saadi confirmed today, Thursday, that stopping the work of the electronic platform for selling the dollar does not affect the rise in the price of the US currency, noting that the decision came as a result of pressure from the US Federal Reserve and internal parties.

Al-Saadi said in a statement to the Al-Maalouma Agency, “The platform was a form of control imposed by the US Federal Reserve, and its cancellation allows Iraq to return to the banking system that was in effect before 2003, where the merchant relied on the correspondent bank without the need for this system imposed by America.”

He added that "the Central Bank of Iraq has started a plan to deal with a basket of foreign currencies to compensate for the dollar and open up to foreign banks, with the aim of reducing dependence on the US dollar," stressing that "closing the platform did not significantly affect the rise in the dollar price as some media outlets promoted.”

He pointed out that "the Central Bank allowed 36 banks to deal with other foreign currencies, including those covered by US sanctions, to mitigate the damage caused by reliance on the dollar."  LINK

****8******

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:They're giving us instructions now on TV and standards.  They call it for the circulation and exchange of bank notes.  They tell us this mechanism is a unification...These are instructions on how to bring in our 3-zero notes... They just told us this mechanism will include a form of counting and sorting currency.  They say this will be implemented 2nd of January.  FRANK:  This is great news.

MarkZ   [via PDK]  Question:  What’s the latest rates you have heard on dinar and dong Mark?  MarkZ:  the latest I have heard is about  $3.90 street rate on the dinar. Dong we have heard everything from .47 cents to almost $4.00… Most of my sources are still telling me to expect it in the $2 dollar range.

Advisor talking about natural resources in Iraq

Nader:  1-2-2025

https://www.youtube.com/watch?v=zXlY0-qYGhk

BREAKING: Credit Card Defaults Surge 50%, Economic Meltdown Accelerates

Taylor Kenny:  1-2-2025

Credit card defaults in the U.S. have surged to their highest levels since the 2008 financial crisis. But this isn't just about delinquent payments—it's a sign of deeper economic instability fueled by unsustainable debt and widening inequality. In this video, we uncover the real story behind the numbers and how it could impact you.

https://www.youtube.com/watch?v=Lx8SBCXNnQc

News, Rumors and Opinions Thursday 1-2-2025

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 Thurs. 2 Jan. 2025

Compiled Thurs. 2 Jan. 2025 12:01 am EST by Judy Byington

Possible Timing:

By Tues. 31 Dec. 2024, Redemption Centers (allegedly) will be open.

Wed. 1 Jan. 2025: The R&R payments and Social Security increases could begin. Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

By Thurs. 2 Jan. 2025 the Forex was expected to go live with new currency rates of the Global Currency Reset and the Central Bank of Iraq reported they will replace the old Iraqi Dinar Note with a new one. https://x.com/majeed66224499/status/1873845460185866432?s=57 

Fri. 3 Jan. 2025: Global Unity a(allegedly) nnounced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024

Sun. 5 Jan. 2025: Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be (allegedly) made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024

Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will (allegedly) officially be activated Worldwide. This secure, transparent and decentralized system will(allegedly)  replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024

Fri. 17 Jan. GESARA Announcement: President Trump (allegedly) told banks to begin zeroing out mortgage, credit cards and other forms of personal debt starting Fri. 17 Jan. 2025 with the national debt already taken care of by switching to the QFS, all other debt would begin to be (allegedly) fully paid off by the end of Jan 2025. …Gesara DurPreusse on Twitter Sun. 12 Jan. 2025.

End of March 2025: The US Fiat Dollar will be (allegedly) gone and no longer worth anything.

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Global Currency Reset:

On Wed. 1 Jan. 2025 Nesara/Gesara was said to have gone into effect, along with the Global Currency Reset.

On Wed. 1 Jan. 2025 the Iraqi Dinar went international: https://x.com/majeed66224499/status/1874450824635834511?t=daazavpa0CGLyuRBF2UBtA&s=19

Thurs. 2 Jan. 2025 Ariel: The new Iraqi Dinar Notes will be available.

On Thurs. 2 Jan. 2025 it was expected to see different countries’ new currency rates on the Forex, including that of the Iraqi Dinar.

Read full post here:  https://dinarchronicles.com/2025/01/02/restored-republic-via-a-gcr-update-as-of-january-2-2025/

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

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

Frank26   Question:  "Does the rate have to be posted on Forex for it to be official?"  No because Forex is secondary...The number one place that it will be at long before anybody is the CBI.

Mnt Goat  ...my CBI contact...told me that the next in-country rate change of the dinar is coming and sooner than we might think.

Militia Man   Article:   "Parliamentary Finance Committee demands clear guarantees to resume oil exports from the region"  That would likely be an exchange rate for determination of the precise clarifications and guarantees.  It looks to be a timing thing now for Iraq to expose a new exchange rate...

CBI achievement, international connection and banks that’s great

Nader:  1-1-2025

https://www.youtube.com/watch?v=CMW-VIBN_7g

Western Markets Losing Their Grip On Gold & Silver | Peter Grandich

Liberty and finance:  1-1-2025

Peter Grandich offers a comprehensive outlook on the metals and broader financial markets, with a particular focus on gold and silver.

He expects gold prices to climb toward $3000 by the end of 2025, driven by central bank purchases and growing interest in physical assets as the global financial system faces mounting debt and uncertainty. Grandich argues that Asia's increasing dominance in metals trading will weaken the influence of

Western markets, making downward manipulation less likely. He also warns of the risks posed by U.S. debt, the retirement crisis, and crumbling infrastructure, which could destabilize the economy, despite political optimism.

His financial philosophy centers on capital preservation, advising against excessive risk-taking and emphasizing the importance of cash flow management, family, and faith in navigating uncertain times.

https://www.youtube.com/watch?v=5ZIgIxDoZCM

Seeds of Wisdom RV and Economic Updates Thursday Morning 1-2-25

Good Morning Dinar Recaps,

BRICS NEWS: TURKEY BACKTRACKS ON ALLIANCE, JOINS SAUDI ARABIA

▪️Turkey and Saudi Arabia won’t join BRICS as both nations pulled back their membership plans.

▪️Trump’s planned return and threats of heavy tariffs on nations moving away from the U.S. dollar have made countries hesitant to join the economic bloc.

Turkey has withdrawn its interest in joining the BRICS economic alliance. Turkey’s decision aligns with Saudi Arabia’s, marking a significant setback for the bloc’s expansion plans ahead of 2025. The move is regaining momentum in light of escalating geopolitical tensions and the risks of American action against countries trying to lessen dollar dependence.

Key Nations Step Back from BRICS Membership

Turkey’s failure to go forward with BRICS membership is a key political twist. Turkey is a NATO member and would have been the first to join both alliances. The country spent considerable time propagating for the membership throughout the year, but it rejected the offer given to it as one of the first batches of partner countries.

Saudi Arabia’s case is similar to Turkey’s, although, at one point, it agreed to a request during the 2023 annual summit. The Kingdom has officially suspended its membership process, thus contributing to increasing problems confronting the economic bloc in its formative stage.

U.S. Opposition and Economic Pressures Shape Decision-Making

The expected return of Donald Trump to power in the White House has brought new considerations regarding membership of the BRICS group. As previously reported by Crypto News Flash, Trump’s threat of 100% tariffs on nations willing to leave the U.S. dollar has become a major impediment to potential members.

As a result of such policy, BRICS has been able to enlist nine new partner countries, and here again, the two most relevant participants, Turkey and Saudi Arabia, are conspicuous in their absence. The block’s attempts to counter de-dollarization have intensified and lost ground, especially considering the possible continuation of the American opposition under the Trump presidency.

Impact on BRICS’ Future Trajectory

The partial withdrawal of interest from Turkey and Saudi Arabia shows the dynamics that countries face in the world today when trying to find new economic alliances while keeping their time-tested allies. In addition to Turkey, Nigeria, Vietnam, and Algeria rejected an invitation to join the alliance, implying that other potential members have also been reluctant.

These developments raise fundamental questions about the BRICS expansion model and its capacity to attract major players in an increasingly polarized global landscape. The circumstances show how the membership of the economic alliance has changed from purely financial aspects to a political stand.

It is difficult to say conclusively whether the bloc’s objectives will be achieved and why its endeavors, such as de-dollarization, have recently intensified.

At the same time, it can be stated that the very potential of this process may force its participants and potential members to rethink existing approaches and solve a number of problems that stem from the fact of their existence as actors in the current system of international relations and the modern world economy.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

BRICS NEWS:  23 COUNTRIES SHOW INTEREST TO JOIN BRICS IN 2025

The number of countries willing to join the BRICS alliance in 2025 is rapidly growing. More than 20 countries have expressed their interest in joining the bloc and participating in decision-making.

The group is ushering in a new financial era independent from the clutches and dominance of the US dollar. The alliance is pushing de-dollarization as its sole goal, aiming to make local currencies the center of all trade and transactions.

BRICS: 23 Countries Express Interest to Join Alliance in 2025

A Russian diplomat confirmed that around 23 countries are showing interest in joining BRICS in 2025. Russian Presidential aide Yury Ushakov revealed that the alliance is open to inviting like-minded countries to join the bloc. The move will strengthen the prospects of local currencies and challenge the US dollar on the global stage.

“The doors of the association remain open to like-minded countries. At the moment, over two dozen more countries have shown interest in a systemic dialogue with BRICS,” in 2025 said Ushakov. Emerging economies find the alliance lucrative as it’s the only group that’s challenging the hegemony of the US dollar.

The countries that want to join BRICS in 2025 are: “Azerbaijan, Bahrain, Bangladesh, Burkina Faso, Cambodia, Chad, Colombia, the Republic of the Congo, Equatorial Guinea, Honduras, Laos, Kuwait, Morocco, Myanmar, Nicaragua, Pakistan, Palestine, Senegal, South Sudan, Sri Lanka, Syria, Venezuela, and Zimbabwe,” said the aid

However, Ushakov explained that uncontrolled expansion would lead to the association breaking up its thought process. He said that BRICS needs to cherry-pick its partners carefully in 2025 to thrive and survive. “It is clear that uncontrolled expansion of our association would break its backbone. We believe that we need gradual, harmonized, and accurate steps. Like those we have been taking throughout our chairmanship,” Ushakov summed it up.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

Franklin Templeton predicts Bitcoin reserves to expand globally in 2025

Politicians in Germany and Hong Kong have signaled their interest in adopting strategic Bitcoin reserves for their nations.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Proposal mandating the Swiss National Bank to hold Bitcoin now underway

The Swiss Bitcoiners must rack up 100,000 signatures from Switzerland’s 8.92 million residents by June 30, 2026, to trigger a public referendum.

@ 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

“Tidbits From TNT” Thursday Morning 1-2-2025

TNT:

Tishwash:  Comprehensive Guide to Trading the Iraqi Dinar (IQD) on Forex - FOREX News on BitcoinWorld (12/31/24)

The Iraqi Dinar (IQD) is the official currency of Iraq, and while it may not be as widely traded as major currencies like the US Dollar (USD) or the Euro (EUR), it holds significant interest for Forex traders looking to diversify their portfolios.

Trading the IQD on the Forex market presents unique opportunities and challenges, influenced by Iraq’s economic conditions, geopolitical factors, and global market trends.

This comprehensive guide delves into everything you need to know about trading the Iraqi Dinar on Forex, including live rates, trading strategies, market analysis, and tips for successful IQD Forex trading today.

Follow link to view FOREX News article:

https://bitcoinworld.co.in/trading-iraqi-dinar-iqd-forex/

Tishwash:  Expert: Iraqi economy is stable despite changes in the dollar market

Economic expert Safwan Qusay confirmed today, Wednesday, that the Iraqi economy is stable despite the changes in the dollar market.

Qusay said in an interview with Al-Maalouma Agency, “The Central Bank of Iraq announced the termination of the electronic platform for banking transactions starting from the beginning of the new year, after notifying all Iraqi banks of the cancellation decision early on.”

He added that "13 Iraqi banks were able to adapt to this change, as they expanded their dealings with real merchants, so that the percentage of transfers and credits that take place through direct relations between Iraqi banks and supplier banks reached more than 95%." "

He explained that "these operations are carried out in accordance with strict compliance standards that ensure knowledge of suppliers and payment mechanisms."

He continued, “As for the 5% of transfers that were made through the electronic platform, traders who wish to continue importing operations at the official price can open bank accounts within these banks.”

He pointed out that "the Central Bank issued a circular on September 30th allowing traders to import directly after opening bank accounts, without the need for a waiting period that previously extended to six months."

He explained that "the market may witness some fluctuations, but he ruled out the possibility of achieving large profits from importing irregular goods, in light of the Iraqi economy, which relies heavily on the dollar and its high value globally."

He pointed out that "the Iraqi economy will not face major concerns as a result of this change, stressing the importance of adhering to banking procedures to ensure market stability and facilitate import operations."  link

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Tishwash:  Finland announces withdrawal of all its soldiers from Iraq

 The Finnish Ministry of Defense announced today, Wednesday, January 1, 2025, the return of its last soldiers from Iraq by the end of 2024, who participated in training Iraqi forces to fight ISIS gangs within the international coalition.

A statement by the ministry, translated by "Baghdad Today", stated that "ISIS gangs have lost most of the lands they controlled, but they still pose a threat, which requires the continuation of the war against terrorism."

The statement added, "Although Finland's participation in the operation has ended, the impact of its efforts will remain visible for a long time, as the training provided by Finnish forces has contributed to enhancing the ability of security forces to secure their areas and ensure the safety of the local population."

The statement stressed that "despite the end of Finland's participation in Operation Inherent Resolve, it continues to support and develop the security sector in Iraq through its participation in NATO's Mission in Iraq (NMI)."

He explained that "the advisory activity aims to implement broad and long-term reforms of the Iraqi armed forces and their management in cooperation with local partners, which supports the development of the security environment in Iraq," noting that " advisory activities will remain an essential part of efforts to achieve long-term stability in the region, and Finland will continue its work in this important NATO-led process."  link

Mot: SLOWLY!!! -- Open Very SLOWLY!!!!! 

Mot:  Yeppers!!! -- Already I Am -- Writing the Wrong un!!! Siggghhh

Mot: . Just What is a ~~~~News year resolution