News, Rumors and Opinions Saturday 3-1-2025
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 Sat. 1 March 2025
Compiled Sat. 1 March 2025 12:01 am EST by Judy Byington
THE SYSTEM OF CONTROL IS BEING OBLITERATED
DEBT FORGIVENESS IS UNDERWAY: Illegitimate loans, mortgages, and credit card debts are (allegedly) being wiped clean. The fraudulent banking system is (allegedly) over.
THE FEDERAL RESERVE IS COLLAPSING: The private banking cartel that controlled America since 1913 is being (allegedly) absorbed into the U.S. Treasury.
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 Sat. 1 March 2025
Compiled Sat. 1 March 2025 12:01 am EST by Judy Byington
THE SYSTEM OF CONTROL IS BEING OBLITERATED
DEBT FORGIVENESS IS UNDERWAY: Illegitimate loans, mortgages, and credit card debts are (allegedly) being wiped clean. The fraudulent banking system is (allegedly) over.
THE FEDERAL RESERVE IS COLLAPSING: The private banking cartel that controlled America since 1913 is being (allegedly) absorbed into the U.S. Treasury.
TRILLIONS IN STOLEN WEALTH SEIZED: Offshore accounts, hidden trusts, and gold reserves are being (allegedly) taken from the Deepstate and returned to the people.
THE IRS IS BEING ABOLISHED: The corrupt tax system that drained Americans for decades is finished. A new, fair tax system is (allegedly) being introduced.
GOLD-BACKED CURRENCY IS COMING: The fiat dollar is (allegedly) dead. The new U.S. Treasury-backed currency will restore economic stability and transparency.
THE QUANTUM FINANCIAL SYSTEM (QFS) IS ONLINE: A new, unhackable, transparent financial system is in place, ensuring no more manipulation by elites.
THE DEEPSTATE IS IN PANIC MODE: Their last moves are exposed:
They are (allegedly) trying to crash the markets—but Trump’s team anticipated it.
They are (allegedly) funding cyberattacks on QFS—but the system is unbreakable.
The Deepstate is(allegedly) out of time. GESARA is about to be (allegedly) fully unleashed.
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Fri. 28 Feb. 2025 QFS Information Center: The Quantum Financial System EXPOSED! Tier 4B, Currency Revaluation & NESARA/GESARA Payments – The Moment Has Arrived! …John F. Kennedy on Telegram
The Quantum Financial System (QFS) is HERE—and the elites are panicking. A total shift from FIAT to asset-backed currency is unfolding before our eyes. The old system of debt slavery, controlled by central banks, is collapsing. If you’re not paying attention, you’ll be left behind.
Tier 4B: The Internet Group Revelation: For those who have studied the signs, the term Tier 4B is no mystery. This is the moment we’ve been waiting for. If you’ve acquired foreign currencies—like Iraqi Dinar, Vietnamese Dong, or Zimbabwe Zim—anticipating revaluation, you may be on the list for redemption. But there’s disinformation everywhere—and that’s by design. The deepstate does NOT want you to know this is happening.
The Financial War—QFS vs. The Old System: The elites have ruled through FIAT currency, creating endless debt and inflation. But the Quantum Financial System is (allegedly) designed to END their control. Once activated, QFS ensures every transaction is fully traceable, hack-proof, and immune to manipulation. This is why central banks are scrambling—they CANNOT reconcile their old money into QFS. Their time is OVER.
NESARA/GESARA: The Hidden Wealth They Didn’t Want You to Have: For years, the cabal hoarded wealth, using birth certificates, mortgages, and taxes to steal from YOU. NESARA/GESARA is about releasing TRILLIONS back to the people. It’s no coincidence that governments worldwide are suddenly talking about “restructuring debt”—they know the game is up. The people who are prepared will THRIVE. Those who remain ignorant will suffer.
Redemption Centers & The Last Chance for Action: If you hold foreign currencies, you may be called to Redemption Centers to exchange them at new rates. This will not be publicly advertised—it’s a controlled process. But once the masses realize what’s happening, chaos will (allegedly) erupt.
ARE YOU READY? The storm is here. The global financial war is peaking. Do not be fooled. Stay vigilant. The window for action is closing FAST. Prepare now—or regret it forever!
Read full post here: https://dinarchronicles.com/2025/03/01/restored-republic-via-a-gcr-update-as-of-march-1-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 These last 20 years...the flow of oil...was paid in American dollars...now the oil that's flowing is being paid in Iraqi dinars...
Frank26 Article: "Confirming Shafaq News.. Trump is heading to impose sanctions on Iraqi groups" Notice that you didn't say Iraqi banks no no no. Is he going to put sanctions on Iraqi government? No. No. No. Is he going to put sanctions on the CBI? No. No. no. Who's he putting sanctions on? Iraqi groups, Framework...Maliki's militia...Iranian politicians in parliament...
Militia Man Article quote: "Trade culture economic exchange with neighboring sisterly and friendly countries is the most important element in building civilization and raising the value of natural resources." ...If they raise the value of their currency to their assets...That's huge. The valuation of that is going to be key...In other words what they're going to do is raise the value of their dinar because that's what they're going to be doing trade in...In my view they're not going to be doing this at 1310 exchange rate. I don't believe that at all...To me it means raising the value of their currency...
Now we talking Iqd exchange rate 21 years long time time to changed back to its original
Nader: 3-1-2025
How to Tell if Your Iraqi Dinars are Real
Edu Matrix: 2-28-2025
This informative video shows you how to audit your IQD Banknotes and identify counterfeit notes. With reports of counterfeit currency circulating, it's essential to ensure your banknotes are genuine.
Seeds of Wisdom RV and Economic Updates Saturday Morning 3-01-25
Good Morning Dinar Recaps,
CARDANO-XRP BRIDGE GOES LIVE – A GAME CHANGER FOR BOTH ECOSYSTEMS
▪Cardano and XRP Ledger now have a direct connection through the Wanchain bridge.
▪The linkup is a mutually beneficial one for native assets within both ecosystems.
Cardano (ADA) and the XRP Ledger (XRPL), two leading blockchains, have formed a coalition to strive for seamless interoperability. Both ecosystems have launched a new bridge, connecting ADA and XRP, the native coin operating on the XRPL.
Good Morning Dinar Recaps,
CARDANO-XRP BRIDGE GOES LIVE – A GAME CHANGER FOR BOTH ECOSYSTEMS
▪Cardano and XRP Ledger now have a direct connection through the Wanchain bridge.
▪The linkup is a mutually beneficial one for native assets within both ecosystems.
Cardano (ADA) and the XRP Ledger (XRPL), two leading blockchains, have formed a coalition to strive for seamless interoperability. Both ecosystems have launched a new bridge, connecting ADA and XRP, the native coin operating on the XRPL.
Cardano and XRPL Expand Interoperability With New Bridge
TapTools, a digital wallet tracking Cardano trading, brought the attention of the crypto community to the Cardano-XRP bridge. This bridge, which is now live, is facilitated by Wanchain, a decentralized blockchain interoperability solution.
As reported by TapTools, the Cardano-XRP bridge is designed to expand interoperability and liquidity between the two networks. This technical advancement marks a massive milestone for both blockchains, representing the first time they connect via a bridge.
Besides promoting interoperability and liquidity, the bridge will support DeFi adoption and enhance utility for both ADA and XRP.
Historically, both communities have different technological and market positioning. However, they can now leverage the new bridge to interact in unprecedented ways.
Users can utilize the bridge to transfer ADA onto the XRP Ledger and vice versa.
It will also increase the Total Value Locked (TVL) for users exploring Decentralized Finance (DeFi) opportunities on Cardano. This increased interoperability is crucial as the world moves swiftly toward widespread blockchain adoption.
Beyond these benefits, the bridge potentially paves the way for integrating Ripple’s stablecoin, RLUSD, as a bridged asset. It is important to note that the Cardano-XRP bridge operates without centralized control. This means users retain control over their assets without interference from a third party.
Meanwhile, Wanchain will help to preserve the underlying value of wrapped versions of XRP and ADA as they seamlessly interact with applications on the opposite chain.
Wanchain uses a distributed key generation and secure multi-party computation (MPC) mechanism to ensure assets move safely across different blockchains.
Impact on ADA, XRP, and Broader Market
The Wanchain XRP/Cardano bridge will benefit Cardano and the XRP ecosystems in numerous ways. For Cardano, the bridge will help strengthen users’ appeal for the blockchain as more capital flows into ADA-based DeFi platforms. Our latest report covered that the XRPL Decentralized Exchange has surpassed $20 billion in liquidity, highlighting XRP’s expanding role in DeFi.
Also, thanks to this bridge, XRP users are encouraged to explore Cardano’s ecosystem more. This attention toward the network can lead to greater adoption of Cardano’s native smart contracts and Decentralized Applications (dApps).
Regarding XRP, the new bridge can unlock staking, borrowing, lending, and yield farming opportunities previously unavailable to XRP holders. The bridge can also elevate XRP’s role in multi-chain ecosystems, extending its potential beyond traditional payments and remittances.
For the broader market, the new bridge demonstrates that achieving a more interconnected blockchain environment is possible. It also demonstrates the growing importance of interoperability in the blockchain industry and ensures that cryptocurrencies are not isolated.
@ Newshounds News™
Source: Crypto News Flash
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BRICS CONFIRMS DEVELOPMENT OF NEW PAYMENT SYSTEMS IN 2025
Brazil, which chairs the upcoming BRICS summit in 2025 confirmed that they plan on the formation of new payment systems. Under the leadership of Brazilian President Luiz Lula da Silva, the alliance will discuss alternative payment options to the US dollar.
The BRICS Sherpas meeting will take the ideas forward and the upcoming 17th summit could see massive changes in the way the bloc operates and settles cross-border transactions.
The move could lead to a paradigm shift in global trade and tilt the financial powers from the West to the East. Developing countries are looking to cut ties with the US dollar and strengthen their local currencies in the forex markets.
The US dollar is in the crosshairs of a major shift that could pave the way for native currencies to take the driver’s seat of the financial markets.
BRICS: New Payment Systems in 2025 Could Be a Reality
Brazil’s President Luiz Lula da Silva made a strong statement saying that BRICS will continue advancing the de-dollarization agenda. The President also added that under their leadership, BRICS will work towards developing new payment systems as an alternative to the US dollar.
“Brazil is going during the period of its presidency to fully develop transparent and safe payment systems,” he said.
The bloc will work towards launching safe payment systems to uplift their GDP and strengthen their native economies. The move will give a boost in the arm to their local currencies making businesses thrive.
The next BRICS summit is scheduled to be held in Brazil’s Rio De Janeiro on July 6th and 7th. All the nine member countries will meet at the summit and discuss policies and sign new trade deals. Details on the new payment systems could be revealed at the 17th summit in July this year.
@ Newshounds News™
Source: Watcher Guru
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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“Tidbits From TNT” Saturday Morning 3-1-2025
TNT:
Tishwash: Iraq among the best in the world in controlling the sale of the dollar
The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Saturday, that Iraq has become one of the best countries in the world in controlling the sale of the dollar.
Al-Alaq said in an interview with the official agency, followed by Iraq Observer, that “Iraq has today become one of the best countries in the world in controlling the sale of the dollar, as this process is carried out with transparency and accuracy, and through it the citizen verifies his documents and his departure from the country,” explaining that “this mechanism is the most disciplined, transparent and controlled in the world, as indicated by international experts.”
TNT:
Tishwash: Iraq among the best in the world in controlling the sale of the dollar
The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Saturday, that Iraq has become one of the best countries in the world in controlling the sale of the dollar.
Al-Alaq said in an interview with the official agency, followed by Iraq Observer, that “Iraq has today become one of the best countries in the world in controlling the sale of the dollar, as this process is carried out with transparency and accuracy, and through it the citizen verifies his documents and his departure from the country,” explaining that “this mechanism is the most disciplined, transparent and controlled in the world, as indicated by international experts.”
Al-Alaq added that “false news and media distortion may harm the interests of Iraq and the banking sector,” stressing the importance of being proud of the major developments witnessed by Iraq. He explained that “the government and the Central Bank are working hard to establish sound practices that are compatible with international standards,” calling for “the need to highlight these achievements in the media.”
He pointed out that “highlighting these transformations and developments helps enhance international confidence in the Iraqi banking sector, which is vital to continue developing the financial system in Iraq.” link
Tishwash: Financial Advisor: Central Bank Digital Currency Will Boost Transparency, Improve National Payments
The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, explained today, Saturday, that issuing a digital currency for the Central Bank will be an important step towards enhancing transparency and achieving a qualitative leap in the national payments system.
Saleh said in a statement to the official agency, followed by NRT Arabic, that "the Central Bank plans to issue a digital currency as a gradual alternative to paper currency," noting that this step will contribute to reducing cash leakage and lowering the costs of printing paper currency, in addition to reducing the circulation of money outside the banking system.
He added that the digital currency will allow tracking financial flows, improve control over capital and foreign transfers, support anti-money laundering efforts, and contribute to enhancing financial inclusion, especially for groups less integrated into the banking system.
Saleh explained that Iraq's transition to digital currency requires a strong technical infrastructure, including advanced internet networks and advanced cybersecurity systems to protect data and transactions.
Digital currencies will also support efforts to enhance economic and social integration through government use in collection operations and official transactions. link
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Tishwash: Federal Oil invites "APICOR" and Kurdistan Wealth to meet in Baghdad
The Federal Ministry of Oil has set next Tuesday as the date for a meeting with the Ministry of Natural Resources in the Kurdistan Region to discuss issues related to the concluded contracts and reach understandings that contribute to the development of oil fields, while an invitation was extended to foreign companies contracting with the Kurdistan Regional Government to develop the region’s fields.
The ministry stated in a statement, received by the Iraqi News Agency (INA) today, Saturday, that it "extended an invitation to international foreign companies under (APICOR) and contracted with the Kurdistan Regional Government to develop the region's fields."
The statement continued, "The ministry extended an invitation to the Ministry of Natural Resources in the region to attend in Baghdad next Tuesday for the purpose of discussing and debating issues related to the concluded contracts to reach understandings that contribute to developing the oil fields with the best international practices and in a manner that serves the national interest." link
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Tishwash: Reasons for stopping cash withdrawals outside Iraq by TBI
Today , Friday (February 28, 2025), banking and financial affairs specialist Ahmed Abdul Rabbo revealed the reasons for stopping cash withdrawals outside Iraq by the Trade Bank of Iraq.
“There is a strong possibility that the decision is related to combating currency smuggling, as the Central Bank of Iraq and financial institutions have previously taken similar measures to limit the exit of the dollar through unofficial means,” Abdul Rabbo told Baghdad Today.
He explained that “some parties were using electronic payment cards to withdraw cash from abroad with money purchased at the official exchange rate inside Iraq, then reselling it at higher prices in the parallel market, which constitutes a type of currency smuggling.”
He explained that "there is a strong possibility that the decision came in response to American pressures related to regulating dollar flows and preventing its smuggling to countries subject to American sanctions, such as Iran. Washington has imposed strict restrictions on Iraqi banks in recent periods, and asked the Central Bank of Iraq to take strict measures to control financial transfers, especially after detecting currency smuggling operations through the use of electronic payment cards."
He added that "the decision appears to have come as part of broader measures to control the banking sector and prevent the misuse of the dollar, and is an extension of previous measures imposed by the Central Bank, either in response to American pressure or as part of efforts to combat financial corruption and smuggling."
Yesterday, Wednesday, the Trade Bank of Iraq announced the suspension of cash withdrawals via ATMs outside Iraq.
The bank's media advisor, Aqil Al-Shuwaili, said in a brief statement, "Due to the risks resulting from the misuse of electronic cards (Visa and MasterCard), and to avoid these risks, cash withdrawals via ATM machines for these cards outside Iraq only have been stopped."
He added, "Cards can be used to pay through POS machines and online." link
Mot: . Gotcha!
Mot: . Isn't This da Way it Always Works Out!! --- siiggghhhh
Lawrence Lepard: The Big Print - Make the Money System Great Again
Lawrence Lepard: The Big Print - Make the Money System Great Again
Palisades Gold Radio: 2-28-2025
Tom welcomes back Lawrence Lepard from Equity Management Associates to discuss his new book, "The Big Print: What Happened to America and How Sound Money Will Fix It."
Lepard emphasized that the U.S. monetary system began deteriorating with Nixon's abandonment of the gold standard in 1971, leading to persistent inflation and debt accumulation.
He argued that sound money — gold, silver, and Bitcoin — is essential to fix these issues.
Lawrence Lepard: The Big Print - Make the Money System Great Again
Palisades Gold Radio: 2-28-2025
Tom welcomes back Lawrence Lepard from Equity Management Associates to discuss his new book, "The Big Print: What Happened to America and How Sound Money Will Fix It."
Lepard emphasized that the U.S. monetary system began deteriorating with Nixon's abandonment of the gold standard in 1971, leading to persistent inflation and debt accumulation.
He argued that sound money — gold, silver, and Bitcoin — is essential to fix these issues.
Gold provides stability, while Bitcoin offers a digital solution to scarcity and divisibility, though it is still volatile.
The interview explored how inflation affects everyday life, with Lepard noting that the government's reported inflation rates often underestimate real costs.
He criticized the Federal Reserve for prioritizing debt servicing over economic fairness, leading to a cycle of printing money that disproportionately harms wage earners. Lepard also discussed the political challenges in transitioning to sound money, suggesting that widespread public awareness and grassroots support are needed to push for systemic change.
He warned against complacency, noting that the U.S. is on a trajectory toward a debt crisis unless decisive action is taken.
The conversation concluded with Lepard encouraging listeners to engage with his book to better understand these issues and advocating for a future where sound money restores economic health and fairness.
Time Stamp Reference
0:00 - Introduction
0:40 - The Big Print
7:20 - Where It Went Wrong
10:00 - CPI Chart 1800-2005
12:00 - Inflation a Key Issue
15:00 - The Wealth Gap
18:30 - Next Monetary Crisis
21:20 - A Moral Imperative
23:00 - Debt System Origin
26:00 - Top Vs. Bottom Wealth
27:00 - Why All Fiats Fail
31:00 - Lies & Inflation Stats
34:50 - Deflation Boogeyman
38:00 - Solutions & Outcomes
45:00 - Peg to Real Assets
48:45 - Bitcoin Advantages
52:20 - Resets & Reserve Currency
56:30 - Book & Wrap Up
Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-28-25
Good Afternoon Dinar Recaps,
SEC COMMISSIONER DISSENTS ON AGENCY’S MEMECOIN STANCE
Commissioner Caroline Crenshaw said that the agency’s working definition of memecoins was vague and could be easily misconstrued.
US Securities and Exchange Commission Commissioner Caroline Crenshaw issued a dissenting opinion on the SEC’s recent stance that memecoins are not securities.
Good Afternoon Dinar Recaps,
SEC COMMISSIONER DISSENTS ON AGENCY’S MEMECOIN STANCE
Commissioner Caroline Crenshaw said that the agency’s working definition of memecoins was vague and could be easily misconstrued.
US Securities and Exchange Commission Commissioner Caroline Crenshaw issued a dissenting opinion on the SEC’s recent stance that memecoins are not securities.
According to the commissioner’s Feb. 27 statement, memecoins could satisfy the Howey test’s condition of profiting from the managerial efforts of others due to the coordination between developer teams and promoters.
The commissioner added that most, if not all, cryptocurrencies could be defined as memecoins under the SEC’s recent guidance, which was released on the same day. In this guidance, the agency stated that memecoins represent online social trends with speculative value and high volatility — and are not securities. Commissioner Crenshaw, however, has a different viewpoint:
“Today’s statement paints meme coins as cultural projects whose purpose is entertainment and social engagement. The reality is that meme coins, like any financial product, are issued to make money.”
Memecoins have come into sharper focus following several high-profile scams, hacks and even presidential memecoin launches that threaten the long-term viability of the sector and invite scrutiny from state officials.
US regulators and lawmakers attempt to reign in memecoins
Following US President Donald Trump’s memecoin launch, several Democrat lawmakers, including Elizabeth Warren, called for an investigation into potential ethics violations of the presidential token.
On Feb. 27, California Member of Congress Sam Liccardo announced that House Democrats are prepping a bill that would ban presidential memecoins.
The proposed bill, titled “The Modern Emoluments and Malfeasance Enforcement (MEME) Act,” would prohibit US lawmakers from sponsoring, issuing or endorsing any digital asset.
Moreover, spouses and dependents of US representatives, the president, vice president and senior executive branch officials are also prohibited from issuing or sponsoring memecoins under the bill.
Attorney Elizabeth Davis, former chief attorney at the Commodity Futures Trading Commission (CFTC), recently argued that memecoins should be regulated by the CFTC.
Davis told Cointelegraph that if the commodities regulator is granted regulatory oversight over crypto, then there is a strong likelihood that memecoins will be included in their purview.
The attorney also expressed confidence that comprehensive memecoin regulations would be established in the United States over the next year — putting an end to the regulatory ambiguity surrounding social tokens.
@ Newshounds News™
Source: CoinTelegraph
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ARIZONA APPROVES BITCOIN RESERVES, BUT WYOMING AND MONTANA ARE SAYING NO – HERE’S WHY
▪Arizona advances crypto legislation - two bills, one establishing a digital asset reserve and another focused on Bitcoin investment
▪While Arizona embraces crypto reserves, other states like Wyoming and Montana reject them due to volatility concerns.
▪Bitcoin's recent price drop fuels skepticism, while predictions suggest federal crypto legislation is forthcoming.
Arizona is pushing ahead with cryptocurrency investment as two Bitcoin reserve bills have passed the Senate, setting the stage for final approval in the state’s House of Representatives.
While states like Wyoming and Montana are rejecting similar measures over concerns about crypto’s volatility, Arizona is doubling down on digital assets.
If these bills pass in the state’s House of Representatives, Arizona could become one of the first states to officially hold Bitcoin in its reserves.
Senate Approves Bitcoin Reserve Bills
On Feb. 27, the Arizona Senate approved the Strategic Digital Assets Reserve bill (SB 1373) in a 17-12 vote, sending it to the House for final approval. Sponsored by Republican Senator Mark Finchem, the bill aims to create a Digital Assets Strategic Reserve Fund, which will be managed by the state treasurer. The fund will include legislative appropriations and crypto assets seized by the state.
To limit risk, the treasurer would be allowed to invest no more than 10% of total fund deposits per fiscal year. However, the state could loan out digital assets to generate returns as long as it doesn’t add financial risk.
Another Bill Aims to Allow Bitcoin Investments
A second Bitcoin-related bill is also moving forward. The Strategic Bitcoin Reserve Act (SB 1025), co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, passed the Senate with a 17-11 vote.
Unlike Finchem’s bill, which focuses on managing seized crypto assets, SB 1025 allows the state to invest public funds directly into Bitcoin and other cryptocurrencies. This signals Arizona’s growing commitment to incorporating digital assets into its financial strategy.
Crypto Legislation Gaining Momentum Nationwide
Dennis Porter, founder of Satoshi Action Fund, believes federal regulation of cryptocurrencies is inevitable. He predicts lawmakers will first regulate stablecoins, followed by broader market structure rules, and eventually, Bitcoin reserves.
While Arizona and Utah are leading the push for crypto reserves, 18 other states are still waiting for approval. However, not all states are on board—Montana, Wyoming, and others have rejected similar plans, calling Bitcoin too risky.
Trump Weighs Heavy on the Markets
Despite increasing political support for crypto, Bitcoin’s price has taken a hit. The asset dropped below $80K, and analysts fear it could fall further to $70K–$75K. Bitcoin is down 17% this week, with Trump’s tariff policies adding to market uncertainty.
Amid the panic, Michael Saylor jokingly told investors to “sell a kidney if you must, but keep the Bitcoin.” While Saylor continues to advocate for a U.S. Bitcoin reserve, the recent price drop has given skeptics more reason to doubt Bitcoin’s long-term stability.
@ Newshounds News™
Source: Coinpedia
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FEBRUARY IN CHARTS: SEC DROPS 6 CASES, MEMECOIN CRAZE COOLS AND MORE
@ Newshounds News™
Read the story: CoinTelegraph
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More News, Rumors and Opinions Friday PM 2-28-2025
KTFA:
Clare: At an initial rate of 185 thousand barrels.. Oil Minister: Resumption of Kurdistan oil exports will take place within hours - Urgent
- Baghdad
Oil Minister Abdul Ghani Al-Sawad said that Iraq will announce in the coming hours the start of the region's oil export operations.
The Minister of Oil said in a statement received by (Al-Rabia) that "Iraq will announce in the coming hours the commencement of the region's oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185 thousand barrels, gradually increasing to reach the capacity specified in the general federal budget."
KTFA:
Clare: At an initial rate of 185 thousand barrels.. Oil Minister: Resumption of Kurdistan oil exports will take place within hours - Urgent
- Baghdad
Oil Minister Abdul Ghani Al-Sawad said that Iraq will announce in the coming hours the start of the region's oil export operations.
The Minister of Oil said in a statement received by (Al-Rabia) that "Iraq will announce in the coming hours the commencement of the region's oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185 thousand barrels, gradually increasing to reach the capacity specified in the general federal budget."LINK
Clare: Analysis detailing the reasons for the fluctuations in the exchange rate of the Iraqi dinar against the dollar over 21 years
2/28/2025
The "Iraq Al-Mustaqbal" Foundation for Economic Studies and Consultations attributed, on Friday, the reasons for the fluctuations in the exchange rate of the dinar against the US dollar in the parallel market over more than two decades in the country to internal and external factors.
This came according to an analysis issued by the institution, in which it explained these fluctuations from 2005 until 2024.
The institution stated in its analysis that "the exchange rate of the Iraqi dinar against the US dollar in the parallel market witnessed noticeable fluctuations over the course of 21 years, as it was affected by a group of factors ranging from political, legislative and economic."
The analysis added that "supply and demand were the most influential, as the patterns of exchange rate changes differed according to the months of the year as a result of internal and external factors, such as the timing of the launch of the general budget and official holidays in major countries exporting goods to Iraq, such as China and Iran."
He pointed out that "by analyzing the exchange rate data in the parallel market from 2005 to 2024, there appears to be a recurring pattern that reflects the dinar's value being affected by specific months more than others."
According to the institution, “December was the month with the most frequent increase in the value of the dinar, as it witnessed a decline in 13 years out of 21 years, followed by: August and June with increases in the value of the dinar against the dollar in 11 years, then April 10 times, while October and November witnessed an increase 9 times, and March 8 times.”
May was the month with the least frequent decline in the value of the dinar, as its value rose only 4 times during the period studied, which gives a semi-impression that the prices of the dinar against the dollar rise in the months of February, March and April, then decline again against the dollar in May as a result of the strong return of demand in May.
The institution warned in its analysis that "despite this clear seasonal impact on the exchange rate, there are other factors that cannot be ignored, such as the levels of dollar sales by the Central Bank of Iraq, which directly affect the size of the money supply in the market, as well as political and financial factors such as the timing of the release of general budget funds, in addition to geopolitical situations that may cause sudden disturbances in the demand for foreign currency."
The analysis concluded that “the seasonal effect remains one of the main elements in determining the exchange rate trends in Iraq, as a recurring pattern appears at the end of the year and the beginning of the fiscal year, in addition to being affected by official holiday periods in countries exporting goods to Iraq. However, other factors, such as monetary policies and political and economic developments, remain a direct influence on the parallel market, which makes it necessary to monitor all these variables to understand exchange rate changes more accurately.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I get chills every time I hear Saleh say they banking structure in Iraq now has security and stability because those were the same words Dr. Shabibi, the author of the Iraqi monetary reform wanted, demanded, before a new exchange rate was released. These are exciting times.
Militia Man For all you folks that have been in the dinar for a long time, if you remember back 15+ years ago, who was there? CitiBank was. Article quote: "In recognition of its outstanding performance gave the excellence award to the National Bank of Iraq...in managing incoming and outgoing financial transfers stressing that this is an achievement that reflects its commitment to the highest standards of quality and transparency in banking services." ...They're ready to go!
Can Trump Expose Fed’s Gold Cover-Up? Feat. Daniel Lacalle - LFTV Ep 212
Kinesis Money: 2-28-2025
In this week’s Live from the Vault, Andrew Maguire sits down with renowned economist Daniel Lacalle to dissect the shifting global financial landscape, from the erosion of trust in political institutions to the rise of gold as a preferred reserve asset.
As resistance grows against mainstream narratives, political and economic turns in Europe, the US, and beyond are driving demand for gold, whilst central banks are reducing reliance on sovereign debt, signalling significant market changes ahead.
00:00 Start
02:22 JD Vance on EU and UK freedom of expression issues
05:10 Could DOGE cuts impact Davos agenda funding?
08:15 UK Labour’s restrictive civil liberty policies
13:45 US wasteful government spending
17:15 Healthy criticism of the EU amid its rapid decline
25:00 Daniel on economic stagnation and persistent inflation
27:50 Aftermath of BIS making gold a first-tier asset
33:00 Why government bonds are no longer a reserve asset
35:20 Trump explores monetising US Treasury gold
37:10 Can Trump audit the Federal Reserve?
42:10 Musk’s DOGE shows how fast frauds can be exposed
46:05 China’s National Regulatory Administration opens gold buying to insurers
52:35 Gold as the ultimate wealth protection
55:40 Daniel on silver’s role in an investment portfolio
Homes aren’t Getting More Expensive and Gold Just Proved it
Homes aren’t Getting More Expensive and Gold Just Proved it
Taylor Kenny: 2-27-2025
We’re all feeling the squeeze. Whether it’s at the grocery store, the gas pump, or even just contemplating the dream of homeownership, the rising cost of everything is a palpable reality.
While inflation is the word on everyone’s lips, understanding the why behind this economic phenomenon is crucial to protecting your financial future. And a key piece of the puzzle lies in the history of the US dollar and its relationship with gold.
For decades, wages and housing prices largely moved in tandem, reflecting a relatively stable economic environment.
However, a significant shift occurred in 1971 when the U.S. government completely severed the dollar’s link to gold. This pivotal decision unleashed forces that continue to impact our financial lives today.
Homes aren’t Getting More Expensive and Gold Just Proved it
Taylor Kenny: 2-27-2025
We’re all feeling the squeeze. Whether it’s at the grocery store, the gas pump, or even just contemplating the dream of homeownership, the rising cost of everything is a palpable reality.
While inflation is the word on everyone’s lips, understanding the why behind this economic phenomenon is crucial to protecting your financial future. And a key piece of the puzzle lies in the history of the US dollar and its relationship with gold.
For decades, wages and housing prices largely moved in tandem, reflecting a relatively stable economic environment.
However, a significant shift occurred in 1971 when the U.S. government completely severed the dollar’s link to gold. This pivotal decision unleashed forces that continue to impact our financial lives today.
Prior to 1971, the dollar’s value was directly tied to gold, meaning a certain amount of dollars could be exchanged for a fixed quantity of gold. This provided a natural constraint on the money supply. With the gold standard abandoned, the Federal Reserve gained the ability to print money virtually without limit.
Without the gold standard to tether it, the dollar’s value became increasingly susceptible to inflation. Printing more money effectively dilutes the existing currency, driving up prices for goods and services.
The detachment of the dollar from gold was a watershed moment in modern economic history. While the full ramifications are still unfolding, understanding the link between monetary policy, inflation, and your purchasing power is paramount.
By taking proactive steps to protect your wealth through diversification, strategic investments, and a proactive approach to financial planning, you can navigate the challenges of dollar devaluation and build a more secure financial future. Remember, knowledge is power, and informed decisions are your best defense against the silent thief of inflation.
Watch the video below from ITM Trading with Taylor Kenney for further insights and information.
Seeds of Wisdom RV and Economic Updates Friday Morning 2-28-25
Good Morning Dinar Recaps,
WHEN IS THE BRICS SUMMIT IN 2025?
Brazil will chair the BRICS summit in 2025 under the helm of President Luiz Lula da Silva. The alliance will reinforce its commitment to reshape the global order and usher their economy into a new financial territory. Apart from discussing financial issues, the bloc will also make decisions on climate change and global governance.
The BRICS alliance will collectively collaborate on policymaking at the 2025 summit and represent the population of developing nations. This year’s summit is important as the nine-member bloc will decide on concrete steps to strengthen their economies. The move could reshape the geopolitical landscape and challenge the Western-dominated global financial order.
Good Morning Dinar Recaps,
WHEN IS THE BRICS SUMMIT IN 2025?
Brazil will chair the BRICS summit in 2025 under the helm of President Luiz Lula da Silva. The alliance will reinforce its commitment to reshape the global order and usher their economy into a new financial territory. Apart from discussing financial issues, the bloc will also make decisions on climate change and global governance.
The BRICS alliance will collectively collaborate on policymaking at the 2025 summit and represent the population of developing nations. This year’s summit is important as the nine-member bloc will decide on concrete steps to strengthen their economies. The move could reshape the geopolitical landscape and challenge the Western-dominated global financial order.
When & Where Is The Next BRICS Summit in 2025?
The next BRICS summit in 2025 is scheduled to take place in Brazil’s Rio De Janeiro from July 6th to 7th. The 17th summit will discuss de-dollarization, strengthening of local currencies, new trade deals, and also rewrite policies favoring developing nations. In addition, the alliance might also consensually decide about inducting new countries into the bloc.
Several leaders have hinted that the 17th BRICS summit in 2025 could begin discussions about alternative payment options to the US dollar. Brazil and India have confirmed that they do not support the formation of a BRICS currency. They are looking at various methods to settle cross-border transactions in local currencies.
“This is being discussed in BRICS (2025 summit), at the initiative of (Brazilian President Luiz Lula da Silva). The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks.
Such proposals have been made, they suggest, in particular, the creation of a so-called trans-border payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure,” said Russian Foreign Minister Sergey Lavrov.
@ Newshounds News™
Source: Watcher Guru
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XRP NEWS TODAY: CLOSED-DOOR MEETING FUELS SPECULATION OVER RIPPLE LAWSUIT DISMISSAL
▪Ripple vs SEC’s closed-door meeting sparks speculation about lawsuit being dismissed soon.
▪Political pressure increases as Senator Lummis challenges SEC’s crypto regulatory approach.
▪Ripple's XRP dropped by 8% but lawsuit dismissal could push price toward $3.20
The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, 2025, sparking speculation about the future of the Ripple lawsuit. With the SEC recently dropping cases against major crypto firms like Coinbase, Uniswap, and Robinhood, many wonder if Ripple could be next.
Could the SEC End the Ripple Case?
The SEC sued Ripple in December 2020, saying the company sold XRP as an unregistered security. However, Judge Analisa Torres ruled in 2023 that XRP itself is not a security, weakening the SEC’s case.
Now, with increasing pressure on the SEC, people believe the agency might be ready to move on.
At the recent SEC meeting, officials discussed legal matters and settlements. While the details are secret, many think the Ripple case may have been included. Former SEC lawyer Marc Fagel does not believe this is a sign of progress, but pro-XRP lawyer Bill Morgan is confident that Ripple has the upper hand.
Political Pressure May Shake the Market
Senator Cynthia Lummis recently criticized the SEC’s approach to crypto regulation, stating that most digital assets are not securities under the Howey Test. Meanwhile, this aligns with Judge Torres’ ruling in the Ripple case, further strengthening Ripple’s position.
No official decision has been announced yet, but the next key date is April 16, when Ripple must submit its reply to the SEC’s appeal. If the SEC withdraws before then, it could mark the end of the long-running case, paving the way for a brighter future for XRP.
What Next For XRP?
As of now, XRP’s price is trading around $2.03 reflecting a drop of 8.19% with a market cap hitting $142 billion. However, many crypto experts believe that if the SEC drops the case, XRP could rise sharply. Some even predict a jump toward $3.20.
Meanwhile, there is also talk if Ripple lawsuits get dismissed, it will open the door for the approval of an XRP exchange-traded fund (ETF), which could push XRP’s price even higher.
@ Newshounds News™
Source: Coinpedia
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Get Ready to Pay
Get Ready to Pay for Paris Hilton’s New House [Podcast]
Noteds From the Field by James Hickman (Simon Black) January 14, 2025
In 1913, 24-year-old Charlie Chaplin arrived in Los Angeles, drawn by an offer from Keystone Film Company. Coming from a poverty-stricken childhood in London and a successful vaudeville career, Chaplin found in Los Angeles a place of limitless potential.
The city was largely undeveloped, surrounded by orange groves, open fields and dirt roads where coyotes still roamed. But it offered the perfect backdrop for the burgeoning film industry— mountains, oceans, deserts— and a chance to escape the constraints of traditional theater.
Get Ready to Pay for Paris Hilton’s New House [Podcast]
Notes From the Field by James Hickman (Simon Black) January 14, 2025
In 1913, 24-year-old Charlie Chaplin arrived in Los Angeles, drawn by an offer from Keystone Film Company. Coming from a poverty-stricken childhood in London and a successful vaudeville career, Chaplin found in Los Angeles a place of limitless potential.
The city was largely undeveloped, surrounded by orange groves, open fields and dirt roads where coyotes still roamed. But it offered the perfect backdrop for the burgeoning film industry— mountains, oceans, deserts— and a chance to escape the constraints of traditional theater.
While San Francisco had flourished during the gold rush, Los Angeles was entering its own boom, fueled by filmmaking. Chaplin quickly became the silent era’s most famous actor, transforming the medium while the city grew into the heart of the movie industry.
Like Chaplin, Los Angeles embodied the spirit of creative freedom, shaping modern entertainment for a century.
The city, especially Hollywood, became synonymous with the film industry, and perhaps took that for granted.
Like California in general, LA assumed that however poorly it treated its residents, however burdensome the regulation, however high the taxes, people would still come flocking like there was gold in the hills.
If you ever wanted to be the author of your own decline, follow the example of California, and Los Angeles in particular.
Hollywood has chased away its own industry to burgeoning film locations like Georgia, New Mexico, and Toronto. Georgia especially is raking in the benefits from LA’s decline.
Los Angeles was a one industry town, and they chased it away.
They forced countless lockdowns on the city during COVID, even threatened to cut off water to those who dared to invite guests over. They declared themselves a sanctuary city against federal law, inviting illegals to enjoy a multitude of free benefits— then expected federal dollars to pay for it.
They cut police, and refused to enforce basic laws against things like shoplifting, or keep even serious criminals in prison. They destroyed education, from elementary to university.
And every business and individual is absolutely drowned in useless permitting.
Oh, and with all their idiotic spending priorities, somehow fire fighting, in an area prone to wildfires, seems to be the only thing they were unwilling to properly fund.
Who would want to continue doing business there? Or invest there? Or live there?
And tax revenue and talented workers are part of the exodus.
California ran things into the ground until they no long had money for basic services.
But hey, at least people can still get private insurance when the government fails them!
Oh wait, California has also run them out of town. Because of California’s regulatory burden many insurance companies no longer do business in the state. And that has left a number of people, including those whose homes have burned down, without insurance.
California has long relied on federal bailouts to fund all these idiotic policies. Their COVID lockdowns were paid for with federal tax dollars, and they’ve received bags of cash from the Biden administration to help pay for migrant care.
The damage from these fires could easily exceed $50 billion, and again, since they have chased away insurance companies, I have a funny feeling that California is going to have its hand out to the federal government once again to help people rebuild form a crisis that was not only preventable but a direct result of political incompetence.
Would you be surprised if the federal government came to their rescue, and US taxpayers ended up paying for poor Paris Hilton’s burned out mansion, because no one would give her insurance?
There used to be a saying, "As California goes, so goes the nation."
And to be frank, I think that’s right. The US itself has some deep challenges brought on by the last several years of horrific leadership and terrible priorities.
There is, starting next week, an opportunity to makes things right and get it back on track. And I am certainly rooting for them to pull it off.
If they don’t, we don’t have to wonder what the future of the US looks like— the whole world can see the failures of the left, in Los Angeles today, laid to waste.
And it is a snapshot of what might come if the incoming leadership isn’t able to right the ship.
Tune in to today’s podcast where we talk about this in greater depth, including at the end explaining our whole ethos on building a Plan B.
(For the audio-only version, check out our online post here.)
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/get-ready-to-pay-for-paris-hiltons-new-house-podcast-151973/
News, Rumors and Opinions Friday AM 2-28-2025
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. 28 Feb. 2025
Compiled Fri. 28 Feb. 2025 12:01 am EST by Judy Byington
Thurs. 27 Feb. 2025 Edward Griffin on the Federal Reserve: “When I did my research on this topic I came to the conclusion that the Federal Reserve system does not need to be audited, it needs to be abolished. The reason I say that is because if they audit the Federal Reserve system they would find out that it is doing exactly what it’s supposed to do.. It’s all out in the open…It’s one of the greatest scams of all history. Out on the surface.
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. 28 Feb. 2025
Compiled Fri. 28 Feb. 2025 12:01 am EST by Judy Byington
Thurs. 27 Feb. 2025 Edward Griffin on the Federal Reserve: “When I did my research on this topic I came to the conclusion that the Federal Reserve system does not need to be audited, it needs to be abolished. The reason I say that is because if they audit the Federal Reserve system they would find out that it is doing exactly what it’s supposed to do.. It’s all out in the open…It’s one of the greatest scams of all history. Out on the surface.
The demise of the IRS: On 20 Feb. Commerce Secretary Howard Lutnick confirmed on Fox News that Trump was erasing the IRS. Federal income taxes? GONE. Instead? Tariffs on foreign nations. Due to findings of a DOGE audit they were closing 120 IRS offices nationwide while firing thousands of employees. Breaking: Seconds After Getting The Bad News From Trump Every IRS Agent Is Literally Freaking Out | Blogging/Citizen Journalism | Before It’s News
ABOLISH THE IRS – It’s HAPPENING! …Emergency Streamline System on Telegram
February 25, 2025: The IRS is crumbling! Acting head Doug O’Donnell is out! His sudden “retirement” comes after Trump’s administration slashed IRS jobs and blocked deep state operatives from accessing private taxpayer data. The takedown has begun!
February 20, 2025: Commerce Secretary Howard Lutnick just confirmed on Fox News: Trump is ERASING the IRS! Federal income taxes? GONE. Instead? Tariffs on foreign nations – AMERICA FIRST! The plan: BALANCE THE U.S. BUDGET before Trump’s term ends! Lutnick declared, “I am so pumped up for it!” as he hinted at the creation of an External Revenue Service to oversee alternative funding. The corrupt tax regime is COLLAPSING before our eyes!
Central Banks PANIC – Gold Reserves SHIFT! The globalists are trembling! Major central banks are signaling that inflation is out of control, and they’re scrambling to stop it. The move? A MASSIVE shift into gold! Rising geopolitical tensions and economic sanctions on Russia are forcing nations to abandon fiat money and run to nationless gold!
Egypt Joins BRICS – The Death of the U.S. Dollar Begins! Egypt is making its move: $500 MILLION in yuan-denominated bonds! Russia is expanding Mir payment systems globally—a clear sign that the world is ditching the U.S. dollar. Egypt, Turkey, and Saudi Arabia? On the fast track to BRICS!
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Thurs. 27 Feb. 2025 Bruce:
Two very strong sources told Bruce this would be the week to receive notification to set appointments and Bruce believes this was still true because (1) he knows of a person who will work at a bank in the morning, and then go to work at a Redemption Center in the afternoon and (2) There was a third email that should be received at Redemption Centers tomorrow that could be the green light.
Today Thurs. 27 Feb. 2025 Trump signed off on both GESARA and NESARA. Trump will likely talk about GESARA and NESARA when he addresses both houses of Congress next Tues. 4 March.
Read full post here: https://dinarchronicles.com/2025/02/28/restored-republic-via-a-gcr-update-as-of-february-28-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Television says the Oil Minister is now saying the oil export flowing to regions is now happening much earlier than expected. It will start flowing next week. This is excellent news. We don't think the oil is going to flow at 1310. FRANK: I don't either. Everything seems to be coming to a massive collision. It's like an atom smasher. I don't think it's going to be flowing at 1310...I'm very confident the oil is going to start flowing next week. I'm not as confident it's going to be revealed at 1310. I am confident it's going to be done at a new exchange rate but I don't know when it will be revealed at that rate. FIREFLY: Now it's saying that it's going to be at 1310...
Walkingstick [Iraqi Bank friend Aki update] Very early in the morning Aki will be part of a large meeting that will be broadcast to all the CBI banks, even all the private banks, financial institutions that have been working on the monetary reform with the CBI and the US Treasury...with the CBI. It will go for two days, Thursday and Friday. More than likely one day will deal with banks, exchange rate, currency, monetary reform and the other day will deal with the international status of Iraq.
The World is Quietly Preparing for a MAJOR Financial Reset | Lynette Zang
George Gammon: 2-28-2025
“Tidbits From TNT” Friday Morning 2-28-2025
TNT:
Tishwash: Within hours... the region's oil will be re-exported through SOMO
The Ministry of Oil announced today, Friday, that the coming hours will witness the re-export of Kurdistan Region oil through the State Oil Marketing Company (SOMO).
"Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul-Ghani Al-Sawad, is visiting Khor Al-Zubair port to see the gas pipeline connection operations," she said in a statement.
The minister confirmed, according to the statement, that “Iraq will announce in the coming hours the commencement of the region’s oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185,000 barrels, gradually increasing to reach the capacity specified in the general federal budget.”
TNT:
Tishwash: Within hours... the region's oil will be re-exported through SOMO
The Ministry of Oil announced today, Friday, that the coming hours will witness the re-export of Kurdistan Region oil through the State Oil Marketing Company (SOMO).
"Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul-Ghani Al-Sawad, is visiting Khor Al-Zubair port to see the gas pipeline connection operations," she said in a statement.
The minister confirmed, according to the statement, that “Iraq will announce in the coming hours the commencement of the region’s oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185,000 barrels, gradually increasing to reach the capacity specified in the general federal budget.” link
Tishwash: From Safe Internet to Smart Systems" Iraq Enters the Digital Revolution Era with Steady Steps
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq is moving steadily towards achieving a major digital renaissance, based on a set of foundations that support this trend.
Saleh explained to {Euphrates News} agency, "The most prominent of these foundations is the progress achieved in two types of infrastructure."
He explained that "the first category is represented by the advanced technological infrastructure, whether through secure and strong internet networks or digital payment systems that work effectively and efficiently in parallel with each other."
Saleh continued, "As for the other category, it is the advanced legal infrastructure that provides protection for the rights of users, operators, and the public right against electronic and financial crimes arising from the digital transformation."
He pointed out "the importance of having the ability to keep pace with the developments of digital technology in the virtual world on an ongoing basis," indicating that "the advisory team in the General Secretariat and all relevant Iraqi state institutions are keen to achieve this to ensure that Iraq enters the new digital age." link
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Tishwash: Iraq agrees to supply Lebanon with crude oil, with immediate cash payment
Lebanese media sources quoted informed sources as saying that the Lebanese delegation to Iraq (consisting of IDAL Chairman Mazen Sweid and Brigadier General Hassan Shaqir) agreed with Iraqi officials to renew the fuel supply contract to operate the Electricité du Liban plants with some amendments to its implementation mechanism.
The sources indicated that Iraq will supply about 2 million tons of crude oil after it had been supplying fuel oil, in exchange for paying the price of the shipments in cash and immediately, unlike the three previous versions of the contract that included Lebanon paying the price of the shipments through services provided in Lebanon to the Iraqis, provided that the previous arrears amounting to 2 billion dollars would be addressed through the platform between the two countries to provide the agreed-upon services.
By the end of 2024 and until the formation of the new government, a huge amount has accumulated on Lebanon for the price of fuel shipments. Lebanon has only paid $118 million out of $2 billion. This accumulated amount is the result of three copies of renewed contracts between the two parties.
The fourth version of the contract includes the supply of 2 million tons of crude oil and payment for it in cash.
These renovations were carried out with “provisions” and “sympathy” even though Lebanon was not paying the cost of the shipments. Despite Iraqi facilities, Lebanon was unable to pay the bills.
These facilities stipulated that Lebanon would pay the price of fuel in Lebanese pounds, and that the amounts would be deposited in the Iraqi government’s account at the Bank of Lebanon, and would be spent on services for Iraqis (including hospitalization and medical treatment for Iraqis in Lebanon) in Lebanon exclusively. link
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Tishwash: Central Bank of Iraq signs agreement with Emirates Islamic Bank
The Central Bank of Iraq announced the signing of a banking agreement with Emirates Islamic Bank, which is considered one of the highest-rated Islamic banks, and is rated (A+) according to the international Fitch agency.
Thus, Emirates Islamic Bank is a distinctive addition to the banking relations that the Central Bank of Iraq has established with advanced regional and international banks in recent years.
The agreement includes joint cooperation on several axes, the most important of which are:
Exchange of experiences in the field of developing the Islamic banking sector.
Providing payment services in UAE Dirhams to Iraqi banks and expanding their correspondent accounts network.
Cooperation between Iraqi banks and Emirates Islamic Bank, under the supervision and support of the Central Bank of Iraq, to formulate a mechanism that will allow individual customers of Iraqi banks in the near future to invest (partially) in Islamic bonds issued by Emirates Islamic Bank or other issuers with a similar credit rating in the United Arab Emirates.
It is noteworthy that the Central Bank of Iraq announced in August of last year the start of a new phase of foreign transfer operations in a step aimed at enhancing the diversity of currencies and facilitating international transfer operations. This announcement came after reaching an agreement on the mechanisms for regulating dealings in the euro, the Chinese yuan, the Indian rupee, the UAE dirham, and other global currencies.
Central Bank of Iraq
Media Office
February 27, 2025 link
Mot: ..... Ready I Am
Mot: .. Just Perspective it is