Seeds of Wisdom RV and Economic Updates Friday Morning 1-10-25

Good Morning Dinar Recaps,

SEC’S GENSLER SAYS MOST CRYPTO PROJECTS ARE DOOMED AS RIPPLE APPEAL DEADLINE NEARS

▪️Gary Gensler warns crypto market still rife with fraud, says many projects won’t survive in his final interview as SEC Chair.

▪️Outgoing SEC Chair Gary Gensler highlights scams in crypto, calls for stronger regulation as he prepares to step down.

Gary Gensler, the outgoing chair of the Securities and Exchange Commission, shared his thoughts on regulating the fast-growing crypto market. While he acknowledged that crypto is still a small part of the overall financial markets, he said that it’s full of bad actors and scams.

Under his leadership, the SEC has filed about 100 enforcement actions in the past four years, compared to his predecessor Jay Clayton’s 80. Gensler believes that the crypto market is still struggling with fraud, with many projects acting like risky investments that may not survive.

In an interview with Bloomberg, Gensler said,

In this field, it’s rife with bad actors.” He then broke down the crypto market into two parts, saying, “The public knows a lot about Bitcoin, which, depending on its market value, is two-thirds to 80% of the market value of crypto.

Gensler pointed out that there are “10,000 to 15,000 projects raising money from the public.” Many of these projects, he believes, are simply speculative investments, “hoping for a better future.” 

He explained, “I’ve been around finance for over four decades, and everything in the markets trades on a mixture of fundamentals and sentiment.” However, he added, “At any given time, I’ve never seen a field that’s so much wrapped up in sentiment and not so much about fundamentals.”

Gensler Says Crypto Projects ‘Won’t Survive’

He also warned, “Many of these 10,000 to 15,000 projects will not survive. They’re like venture capital investments. They’re not going to survive.” Gensler pointed to the existence of “small pump and dump schemes” that have caused problems in the industry. Reflecting on past events, he said, “We’ve lived through a few years where they became notorious, but they’re in jail now.”

Despite the growing number of enforcement actions, Gensler thinks that the crypto market is still not complying with the rules. He sees his role as ensuring that the market works without fraud, manipulation, and misinformation. Gensler is set to resign on January 20 and Paul Atkins will serve as the SEC Chair next.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

PRO-CRYPTO CFTC BOSS, SUBCOMMITTEE RUMORED AS TRUMP INAUGURATION NEARS

New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC commissioner to take the agency’s helm.

The US Senate Banking Committee is reportedly set to create its first-ever crypto subcommittee, while a pro-crypto commissioner is now a top pick to replace the outgoing chair of the Commodity Futures Trading Commission, according to two reports.

The two reports — seen as positive developments for the crypto industry — come less than two weeks before President-elect Donald Trump’s inauguration, set for Jan. 20.

According to a report from FOX Business on Jan. 9, following a Punchbowl News report on Jan. 8, the US Senate Banking Committee’s new chair, Republican Senator Tim Scott, has made the creation of the subcommittee a top priority and plans to replicate the House Financial Services Committee’s model, which introduced a crypto subcommittee in 2023.

Two Senate aides told FOX that Scott has put forward Senator Cynthia Lummis to chair the subcommittee, with a vote on her approval to happen in the next few days. Lummis, a longtime crypto supporter, has recently echoed Trump’s push for a strategic Bitcoin.

Trump has made sweeping promises to rein in crypto regulation by enforcement and turn the US into a “crypto capital.” The Senate Banking Committee is the key overseer of financial agencies such as the Securities and Exchange Commission and of federal monetary policy.

A memo seen by FOX said Senators Bernie Moreno, Dave McCormick, Thom Tillis and Bill Hagerty were being considered for the new crypto subcommittee. They are all “strongly supportive” of crypto, according to the digital assets lobby group Stand With Crypto.

It is not known which Democrats might be joining the subcommittee, but Senator Elizabeth Warren, a vocal crypto skeptic, is the party’s most senior member of the Senate Banking Committee

In 2024, the House passed a key crypto bill known as FIT21 that was created by the House Financial Services crypto subcommittee. It would hand greater regulatory control to the Commodity Futures Trading Commission. The bill is currently awaiting action in the Senate.

Mersinger tipped to lead CFTC

Meanwhile, Unchained reported on Jan. 9 that five people close to the matter said CFTC Commissioner Summer Mersinger has emerged as a leading choice to chair the agency, as current CFTC chair Rostin Behnam said he’d be stepping down when Trump takes office.

Mersinger has overtaken ex-CFTC commissioner and a16z policy head Brian Quintenz for the job, as she’s seen as someone who could pass a Senate confirmation. She was a staffer for Senate Majority Leader John Thune for 12 years.

As she’s already a commissioner, Trump could appoint her to a temporary chair role while the Senate deliberates on her confirmation.

Mersinger has made crypto-supportive comments, telling a Blockchain conference in November that she was “uncomfortable” that the CFTC was “kind of setting some sort of policy through our enforcement cases.”

Trump is set to take office on Jan. 20, officially giving Republicans full control of the government after the party picked up a majority of Senate seats and kept its House majority in November’s elections. The new Congress kicked off on Jan. 3.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

IOTA INVITES DEVELOPERS TO APPLY FOR $10M IN SEASON 2 GRANTS

▪️IOTA’s Season 2 grant program aims to empower builders aligned with IOTA’s vision of sustainability and decentralization.

▪️Prospective applicants can submit proposals via the IOTA Grants website, with projects evaluated based on scalability, usefulness, safety, alignment with funding goals, and long-term viability

The IOTA Ecosystem DLT Foundation unveiled its Season 2 grant program. The IOTA Grants Season 2 has committed to offering $10 million in funding and fostering innovation within the Web3 ecosystem. The initiative looking to empower Web3 builders and innovators focused on projects closely aligned with its vision of sustainability and thriving within a decentralized and free ecosystem.

IOTA Grants Season 2 Focus Areas & Funding Goals

It caters to three core areas, namely open-source development, education, and events, for supporting projects. These categories advance IOTA’s ecosystem by covering key aspects of Web3 growth.

For context, open-Source Development promotes the development of tools, utilities, and public goods that increase user experience.

Moreover, the foundation has targeted education to reduce the complexity of multi-layered technology to reach everyday users. Meanwhile, events that promote community-driven activities like hackathons and workshops are prioritized.

“We’re here to support you on this journey,” the IOTA Foundation stated. They added:

Whether you’re accelerating adoption through real-world applications, planning to utilize our EVM framework, or shaping the future of the IOTA Rebased network, our grants are designed to foster innovation and creativity across the entire spectrum.

Currently, one of the key areas of focus has been the launch of the IOTA rebased protocol. The IOTA Rebased protocol is reportedly gearing up for its mainnet re-launch in early 2025, reported CNF. On the social media platform X, Michael Atlan emphasized that this re-launch positions IOTA for broader real-world adoption

Success Of Season 1 Grants

The end of Season 1 of the IOTA Grants program has been on an upbeat note since it attracted quality talent and great projects. Altogether, there were 144 applications, from which 32 were funded amounting to $3.47 million. The process had to be momentarily halted because it was overwhelmed with applications.

The Foundation has reflected on the previous season by highlighting productive outcomes. In a blog post, the team wrote,

The first season proved highly productive, bringing exceptional talent and innovation into the IOTA ecosystem.

Hence, applying for Season 2 is relatively simple. Anyone can submit a proposal by logging onto the IOTA Grants website along with guidelines on the funding. The applicants would be interviewed by the IOTA Grant Committee, which includes members of the IOTA Foundation.

Projects are rated along six criteria including alignment with funding goals, scalability, usefulness, safety, expertise of the grantee, and long-term viability. 

The Foundation went ahead to inform that its evaluation process is quite transparent, assuring that all funding goes only to projects whose potential to alter the ecosystem can be maximally realized.

IOTA Grants Season 2 builds on the momentum of its predecessor and is seeking even more innovative ideas. “Your ideas have the power to drive positive change in the ecosystem, and the IOTA Ecosystem DLT Foundation is here to support you,” the Foundation encouraged.

The IOTA Foundation added that it’s excited to work with developers and visionaries to build the future of Web3. Thus, prospective candidates can visit the IOTA Grants website for more information or to apply.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

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” Friday Morning 1-10-2025

TNT:

Tishwash:  Al-Sudani receives a call from the Pope

Prime Minister Mohammed Shia al-Sudani received a phone call today, Thursday, from the Pope of the Vatican, His Holiness Pope Francis, who invited al-Sudani to participate in the World Leaders Summit on Children's Rights, which the Vatican is organizing next February, on the occasion of World Children's Day.

A statement from Al-Sudani's office stated that the latter referred to the close relations between Iraq and the Vatican, the common positions on rejecting conflicts and wars, and strengthening efforts to establish security in the world.

For his part, His Holiness the Pope praised Al-Sudani's efforts to calm the situation and his ongoing dialogue with the countries of the region, in order to reduce tension and end conflicts, which contributes to establishing regional stability and security. link

Tishwash:  Economist: Electronic financial transactions save Iraq from cash shortage

Economic researcher Diaa Abdul Karim said on Thursday that the shift towards electronic financial transactions and generalizing this to all government and private transactions will save the country from a shortage of cash.

Abdul Karim told Al-Maalouma, “Most countries in the world, and Europe in particular, have moved towards electronic financial transactions, such that the culture of dealing with electronic cards in buying and selling in various sectors has been created in society, and even With the decline of its economy, it will not suffer financially because its financial transactions are electronic.”

He added, "These transactions make it unnecessary for governments to print currency continuously, as this process is financially costly. Iraq prints some denominations domestically and other denominations of currency are printed abroad, and printing them costs the financial value of this currency."

He explained that "the move towards electronic transactions requires intensive education in order to withdraw the cash mass from the street and to transform transactions, especially large amounts, through electronic cards. Consequently, the citizen will not be forced to withdraw large amounts from banks in order to buy a property, a car, etc., but will use his card to transfer money to the other party, which ensures the safety of financial transactions and prevents the cash mass from being wasted and taken out of the banking framework.”  link

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

Tishwash:  Rashid and Al-Mandlawi confirm coordination to legislate and approve laws that have direct relevance to citizens’ lives

Today, Thursday, the President of the Republic, Abdul Latif Rashid, and the Deputy Speaker of Parliament, Mohsen Al-Mandalawi, confirmed coordination to legislate and approve laws that have a direct impact on the lives of citizens.

Al-Mandalawi's office stated in a statement received by Al-Youm Al-Akhbariya that the latter "met today, Thursday, in Baghdad, with the President of the Republic, Abdul Latif Jamal Rashid, and during the meeting, the latest developments in the political, security and economic situations on the domestic and international arenas were discussed.

" He added that "the meeting discussed ways to expand the frameworks of cooperation and coordination between the Council of Representatives and the Presidency of the Republic in order to legislate and approve laws that have a direct impact on the lives of citizens."

He continued: "The meeting also discussed the efforts made by the government at the service level and the importance of supporting the reconstruction process and rehabilitating and developing the infrastructure in a way that achieves the aspirations of the people for a safe and stable life." link

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

Tishwash:  Kurdistan Region President to visit Baghdad next week

Kurdistan Region President Nechirvan Barzani is scheduled to travel to Baghdad next week, an official said.

“Barzani will participate in a meeting of the State Administration Coalition (SAC),” Dilshad Shihab, spokesperson for the Kurdistan Region Presidency, told Shafaq News Agency.

No additional details were provided regarding the visit or the agenda of the coalition meeting.

SAC was established following Muqtada Al-Sadr’s withdrawal from politics, it comprises mainly the Iran-backed Shiite Coordination Framework, the Kurdistan Democratic Party (KDP) led by Masoud Barzani, and the Sovereignty (Al-Siyada) led by Khamis al-Khanjar, along with Taqadum alliance, and the Patriotic Union of Kurdistan.

The coalition outlined goals such as combating corruption, implementing reforms, rebalancing Iraq’s regional and international relations, revising the electoral commission system, and promoting consensus among Iraqi factions.

The Coalition also choose PM Mohammed Shia Al-Sudani for the premiership.  link

Mot: . I Finded it I Did!! -- the Road to da RV!!!!

Mot: Some Day ""Earl"" 

Seeds of Wisdom RV and Economic Updates Thursday Evening 1-9-25

Good Evening Dinar Recaps,

HOW THE BITCOIN FREEDOM ACT COULD SHIELD OKLAHOMANS FROM INFLATION?

In November 2024, the US inflation rate grew sharply from 2.6% to 2.7%. In May 2020, it was just 0.1%. In June 2022, it touched a peak of 9.1%. This inflation pattern has adversely affected the value of the US dollar. Inflation, thus, is something that determines the quality of life a working-class professional leads. Recent developments indicate that US states are keen to protect people from the threat of inflation.

The Bitcoin Freedom Act introduced in the Oklahoma law-making house by Senator Dusty Deevers is the latest example. How much can this law impact the United States society? 

What is the Bitcoin Freedom Act?

The act proposes that Oklahomans should be provided a chance to choose whether they want to receive their wages in Bitcoin or not. It also submits that businesses should be allowed to accept payments in Bitcoin.

Why is the Bitcoin Freedom Act Significant?

At the start of 2024, the US inflation rate stood at just 3.1%. In March, it touched a peak of 3.5%. Though in November it came down to 2.7%, it was far higher than the 1.2% inflation recorded in the same month in 2020.

Growing inflation is one of the most serious threats the US economy is facing right now. Rising inflation means falling purchasing power.

Bitcoin can save people from losing their purchasing power to inflation, as its total supply is fixed, and thus is unaffected by the threat of devaluation unlike traditional currencies.

Oklahoma’s Leadership in Financial Innovation

The introduction of the bill is likely to make a serious impact across the United States. The action has lifted the state to the celebrated position of innovation-friendly economies. It may encourage many to enter the world of financial innovation confidently.

The Future of the Bitcoin Freedom Act

The political stance against the cryptocurrency industry shifted when Republican candidate Donald Trump who projected himself as a pro-crypto candidate, defeated Democratic candidate Kamala Harris who represented a crypto-skeptic regime, in the US presidential election.

In the latest election, the Republican Party received a massive majority in Oklahoma, a US state that has emerged as a stronghold of Republicans, especially since 2011.

The Bitcoin Freedom Act, also known as SB325, is expected to be discussed in the 60th legislative session of the 60th legislature. Reports say that the session will begin on February 3, 2025.

In conclusion, the Bitcoin Freedom Act is more than legislation – it is a step toward financial empowerment and innovation. By embracing Bitcoin, Oklahoma is securing its place in the future of finance.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

BRICS NEWS:  BRICS FAIL TO CHALLENGE US DOLLAR IN 2024: CAN THEY THIS YEAR?

In one of the biggest developments of the last two years, the BRICS bloc has sought to challenge the dominance of the US dollar. Although its de-dollarization process persisted in 2024, the economic alliance has failed to make a significant impact. Now, all eyes are on if it stands a chance in 2025.

According to data from TradingView, a majority of major currencies have fallen against the US dollar. Indeed, the metrics show that the greenback ensured its strength through a resilient American economy. Contrarily, economic activity slowing in China and the Eurozone failed to create an environment for thriving de-dollarization.

US Dollar Ends 2024 Unmoved: Can BRICS De-Dollarization Take Hold This Year?

First created in 2001, the BRICS economic alliance has grown into a legitimate global force. The bloc has continued to expand, although its geopolitical implications have become a point of contention. Amid its increased de-dollarization efforts, the group has proved no match for the strength of the West.

Recent data show that the BRICS collective failed to truly challenge the US dollar in 2024, with its eyes now on succeeding in 2025. Over the course of the last twelve months, the Chinese yuan and Indian rupee both fell 2.8% against the dollar. Additionally, the Russian ruble fell 18.6% against the greenback.

A big reason for the outcome is the United States’ ability to continue its economic recovery. The country’s inflation has fallen from its 40-year high to settle just above the Central Bank’s target. Throughout the last year, it has become one of the best-recovering countries from the 2020 pandemic.

That hasn’t proven true for the rest of the world. Now, all eyes are on the incoming Trump administration. The US President-elect has already issued a stark warning to the BRICS bloc and those seeking to ditch the US dollar. However, his policies could have massive implications. Whether or not the greenback is challenged remains to be seen, but such a challenge would certainly come with a cost.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

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

Iraq Economic News and Points to Ponder Thursday Afternoon 1-9-25

 The 10 Largest Arab Countries That Possess Foreign Exchange Reserves For The Year 2024.. This Is Iraq’s Rank
 
Economy  2025-01-08 |Source:   Al Jazeera Net   5,580 views  Alsumaria News - Foreign exchange reserves are assets denominated in a foreign currency held by a central bank.
 
Countries usually keep their foreign exchange reserves in the US dollar because it is the most widely traded currency in the world.
 
Among other currencies in which foreign exchange reserves are sometimes kept, according to the “World Publication Review” platform, are the following:

Euro (EUR)
Japanese Yen (JPY)
British Pound (GBP)
Chinese Yuan (CNY)
 
These reserves are used to support obligations and influence monetary policy, and  most of them are held in US dollars, according to the Investopedia platform.
 
Foreign exchange reserves consist of cash and other assets held by central banks and other financial institutions such as the International Monetary Fund, according to the World Economic Forum, citing City Index, a financial services provider.
 
China is the largest country with foreign exchange reserves in the world, with $3.73 trillion in December 2024, according to the Statista platform.
 
The importance of foreign exchange reserves and why do countries resort to them?
 
City Index listed 7 main reasons why central banks hold foreign currency reserves:
 
1- Help maintain the value of the local currency at a fixed rate.
 
For example, China pegs the value of the yuan to the dollar.
 
By hoarding dollars, Beijing raises the value of the dollar against the yuan, thus
 
increasing sales by making Chinese exports cheaper than goods manufactured in the United States.
 
2- Keeping the value of the local currency lower than the value of the dollar.
 
Japan, which applies a floating exchange rate system, buys US Treasury bonds or government bonds, to keep the value of the yen lower than the value of the dollar. This again helps in keeping its exports relatively cheaper.
 
3- Maintaining liquidity.
 
In the event of an economic crisis, the central bank can intervene and replace its foreign currency with local currency to ensure the ability of companies to continue importing and exporting competitively.
 
4- Fulfilling the state’s international financial obligations.
 
This may include repaying debts, financing imports and absorbing sudden capital movements.
 
5- Financing internal projects.

6- Reassuring foreign investors.
 
Wars or internal unrest may scare away investors who may be looking to move their money abroad.
 
Maintaining foreign exchange reserves can create an atmosphere of confidence and allay investor fears.
 
7- Diversifying investment portfolios.
 
By holding various currencies and assets as reserves, the central bank can provide protection in the event that an investment declines.
 
The top 10 countries with foreign exchange reserves in 2024
 
The following is a list of the 10 largest countries possessing foreign exchange reserves, denominated in US dollars, during the year 2024, according to what was reported by the Statista and Trading Economics platforms, in addition to the central banks in these countries .
 
1- China   Reserves: $3.7 trillion
 
Its foreign exchange reserves amounted to $3.73 trillion as of December 2024, according to the Statista platform, up from $3.266 trillion in November 2024.
 
Last October, the yuan fell by 1.8% against the dollar, while the latter strengthened by 1.8% against a basket of other major currencies.
 
Meanwhile, China's gold reserves rose to 72.96 million troy ounces after remaining stable at 72.80 million troy ounces for the previous six months. However, its value decreased to $193.43 billion from $199.06 billion in October 2024, in line with the decline in gold prices, according to the “Trading Economics” platform, which was based on the People’s Bank of China.
 
The Trojan ounce (equal to 0.031 kilograms) is a weight system used for precious metals and gemstones, and is based on a pound of 12 ounces instead of the traditional pound of 16 ounces.
 
2- Japan   Reserves: $1.24 trillion
 
Foreign exchange reserves rose by $49 million, reaching a total of 1.24 trillion in November 2024. In a recent disclosure, Japan’s Ministry of Finance revealed that it spent 5.53 trillion yen ($35 billion) last July on “interventions in the foreign exchange market.” "(foreign exchange interventions) with the aim of supporting the yen , according to Trading Economics and based on the ministry's own data.
 
3- Spain:   Reserves: $1.07 trillion
 
Foreign exchange reserves rose to $1.07 trillion in November, from $1.045 trillion - in October 2024 - according to Trading Economics and according to the Bank of Spain.

4- Switzerland   Reserves: $801 billion
 
The Swiss National Bank's foreign exchange reserves rose to 724.5 billion francs ($801 billion) in November 2024, the highest level since June 2023.
 
5- India    Reserves: $640 billion
 
Foreign exchange reserves held by the Reserve Bank of India fell to the equivalent of $640 billion in the last week of 2024, the lowest level since last April, and the decline extends from a record high of $704.9 billion in the last week of September 2024, according to Trading. Economics based on Reserve Bank of India.
 
6- Russia   Reserves: $616.5 billion
 
Foreign exchange reserves fell to $616.5 billion in November 2024 from $631.6 billion in October 2024, according to the latest available data.
 
The average foreign exchange reserves in Russia amounted to $313.5 billion from 1992 until 2024, and reached their highest level ever at $633.7 billion last September, according to Trading Economics, according to the Russian Central Bank.
 
7- Taiwan    Reserves: $576.7 billion
 
Foreign exchange reserves fell to $576.68 billion in December 2024, down from $577.97 billion the previous month.
 
This was affected by the revenues from the management of foreign exchange reserves in Taiwan, and movements in the exchange rates of other reserve currencies against the dollar .
 
In addition, the Central Bank intervenes to mitigate volatile capital flows to maintain a regulated foreign exchange market, according to Trading Economics, according to the Central Bank.
 
8- Saudi Arabia   Reserves: $449 billion
 
Foreign exchange reserves decreased to 1.688 trillion riyals (about 449 billion dollars) in November from 1.63 trillion riyals (434 billion dollars) the previous month, according to the Central Bank of Saudi Arabia.
 
9- Hong Kong   Reserves: $425.1 billion
 
Foreign exchange reserves rose to $425.1 billion in November 2024, the highest level since last February, from a 3-month low of $421.3 billion the previous month.
 
This represents more than 5 times the currency in circulation, or about 39% of the Hong Kong dollar, according to Trading Economics and according to the Hong Kong Monetary Authority.
 
10- South Korea   Reserves: $415.6 billion
 
Foreign exchange reserves rose to $415.6 billion in December 2024 from $415.4 billion in the previous November, according to Trading Economics and according to the Central Bank of South Korea.

The 10 largest Arab countries possessing foreign exchange reserves in 2024
 
Below is a list of the 10 largest Arab countries possessing foreign exchange reserves in 2024, based on central banks , the Trading Economics platform, and others.
 
1- Saudi Arabia   Reserves: $499 billion
 
Foreign exchange reserves decreased to 1.688 trillion riyals (about 449 billion dollars) in November from 1.63 trillion riyals ($434 billion) in the previous month, according to the Central Bank of Saudi Arabia.
 
2- UAE   Reserves: $210 billion
 
Official foreign currency reserves amount to about $210 billion, according to Central Bank data.
 
The Central Bank's total foreign assets exceeded 770 billion dirhams ($209.6 billion) at the end of last June, for the first time in the history of the Emirates, according to the bank's latest statistics, as reported by the local news agency.
 
3- Iraq   Reserves: $106.7 billion.
 
Foreign exchange reserves decreased to 139.68 trillion dinars (the local currency in Iraq (about $106.7 billion)) in October from 143 trillion dinars ($109 billion) in September 2024, according to the Trading Economist.
 
4- Algeria   Reserves: $72 billion
 
Finance Minister Aziz Al-Fayed recently announced that foreign exchange reserves will rise by about 4.4% in 2024 to 72 billion dollars, from 69 billion at the end of 2023, and 61 billion at the end of 2022.
 
Al-Fayed stated - during his presentation of the draft general budget of Algeria before the representatives of the National Council - that foreign exchange reserves outside gold continued to rise during the current year, expecting to close the current year with a surplus in the trade balance estimated at 2.8 billion dollars, equivalent to 1.1% of the gross domestic product, which amounted to 267 billion last year, according to news agencies.

5- Qatar   Reserves: $69 billion
 
The Central Bank of Qatar announced an increase in international reserves and liquidity in foreign currency by 5.05% in November 2024 to reach 254.74 billion riyals (about 69 billion dollars) compared to 244.81 billion riyals (about 66 billion dollars) in November 2023, as reported. In a statement carried by the Qatar News Agency.
 
6- Egypt   Reserves: $47.1 billion
 
The Central Bank of Egypt said that net foreign reserves rose to $47.1 billion at the end of December 2024, compared to about $46.95 billion at the end of November 2024.
 
7- Kuwait   Reserves: $41 billion
 
A monthly bulletin issued by the Central Bank of Kuwait revealed an increase in the balance of foreign exchange reserves at the end of November 2024, reaching about 12.65 billion dinars (about 41 billion dollars), compared to its balance at the end of October 2024, which amounted to 12.52 billion dinars (40.6 billion dollars), an increase It is 1%, with a value of 127 million dinars, according to the local newspaper Al-Anbaa.
 
8- Morocco   Reserves: $32.8 billion
 
Foreign exchange reserves reached $32.8 billion in November 2024.
 
Reserves in Morocco reached an all-time high of $35.3 billion in July 2021 and a record low of $7.9 billion in January 2002, according to the CEIC Data platform.
 
9- Jordan    Reserves: $21 billion
 
The Kingdom's foreign exchange reserves increased by $21.1 billion during the first 11 months of 2024, a significant increase that is now sufficient to cover 8.4 months of Jordan's imports of goods and services.
 
The Central Bank confirmed that this reserve amount is the highest in the country’s history, which represents a remarkable achievement for financial stability.
 
10- Lebanon   Reserves: $10.3 billion
 
Foreign exchange reserves fell for the first time in more than a year as the Lebanese Bank pumped more dollars to support the lira following weeks of war.
 
The reserves of the Bank of Lebanon decreased by more than $400 million in October 2024, which is the first decrease since July 2023, according to official data reported by Bloomberg.
 
Foreign exchange reserves now stand at about $10.3 billion, excluding $5 billion in international bonds that the Lebanese state defaulted on. https://www.alsumaria.tv/news/economy/512234/أكبر-10-دول-عربية-تمتلك-احتياطيات-نقد-أجنبي-للعام-2024-هذه-مرتبة-العرا  

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 1-9-25

Good Afternoon Dinar Recaps,

SOUTH KOREA TO ALLOW CORPORATE FIRMS TO INVEST IN CRYPTO: WHAT’S NEXT?

▪️FSC’s new policy allows businesses to participate in digital asset investments legally.

▪️FSC proposes raising stock ownership limits for companies from 5% to 15%.

▪️Over 30% of South Koreans actively trade cryptocurrencies, indicating significant market growth.

South Korea is preparing for a big shift in its approach to cryptocurrency. The Financial Services Commission (FSC) has announced plans to let corporations invest in digital assets. This decision could create new opportunities for businesses and give the country’s crypto industry a significant boost.

New Rules for Corporate Investments

Right now, companies in South Korea face strict rules on cryptocurrency investments, including challenges in opening real-name accounts. To change this, the FSC plans to start by allowing non-profit organizations to invest in digital assets under a regulated framework.

FSC Director Kwon Dae-young highlighted the importance of clear standards for listing cryptocurrencies and enforcing rules for virtual asset exchanges. This initial phase will help create a safer and more structured environment for investments.

Building a Safer Crypto Market

The FSC is also working on broader rules for issuing and trading digital assets. The goal is to make the process more transparent and secure while supporting innovation in the market.

To protect investors, the FSC plans to limit market participation to trustworthy companies. This includes introducing shareholder eligibility checks, requiring social credit ratings, and setting stricter guidelines for risky assets like meme coins.

Beyond cryptocurrency, the FSC is looking to make other financial reforms. One key proposal is raising the limit on how much stock companies can own in non-subsidiaries, increasing it from 5% to 15%. This change aims to give businesses more flexibility and control.

South Korea’s Growing Crypto Influence

South Korea’s decision to embrace corporate crypto investments shows its growing recognition of digital assets. While the global market faces challenges, the country is positioning itself as a leader in innovation.

Earlier, CoinPedia reported that the Bank of Korea, established under the Virtual Asset User Protection Act, disclosed that more than 30% of South Korea’s population is now engaged in crypto trading.

By opening its doors to corporate crypto investments, South Korea is setting a precedent that could inspire other nations to follow suit.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

DOJ CLEARED TO SELL $6.5B SILK ROAD BITCOIN – NO MORE U.S. BTC RESERVE?

Wallets holding the seized BTC from Silk Road were intact at the time of writing.

▪️DOJ has reportedly approved the sale of seized 69K BTC, which Trump planned to repurpose for strategic reserve.

▪️No seized BTC had been moved from key wallets as of this writing.

Crypto Twitter has been abuzz with speculation that the U.S. Department of Justice (DOJ) greenlighted the sale of 69K Bitcoins [BTC], worth $6.5B, seized from Silk Road.

The update was first shared by media publisher DB News, citing a U.S. official.

In an X (formerly Twitter) post dated the 9th of January, the publisher stated,

“The U.S. Govt has been given the greenlight to liquidate 69,000 BTC ($6.5B) from Silk Road, an official confirmed to DB News today. Interesting situation less than 2 weeks away from the new admin who vowed to not sell.”

What’s next for U.S. BTC strategic reserve?

Market sentiment has always been impacted whenever updates on the U.S. government’s movement of BTC surface.

Given that President-elect Donald Trump pledged to form a U.S. BTC strategic reserve (SBR) using the above seized BTC, potential actions are even more scrutinized by the market.

Some community members speculated that the seized BTC had already been sold through a ‘credit line.’ One user claimed,

“The “seized BTC” that was meant to be used for a ‘strategic reserve’ [under the Trump administration] was sold off already, with a credit line sanctioned by Coinbase.”

Some flagged the update as FUD. In fact, Arkham data showed no balance decline in wallets linked to seized BTC at press time.

However, if true, the sale could happen before Trump’s presidential inauguration. According to some market experts, even such a scenario wouldn’t massively detour BTC.

Glassnode founders clarified that such a sale wouldn’t happen through exchanges but through OTC (over-the-counter) markets. So, it won’t suppress the king coin.

On his part, CryptoQuant founder Ki Young Ju downplayed the panic, reinforcing that the potential $6.5B sell-off could be smoothly absorbed by the market. He said,

“Last year, $379B entered the market based on realized cap—roughly $1B per day. The U.S. govt selling $6.5B could be absorbed in just a week. Do not panic.”

All said, prediction sites like Polymarket and Kalshi priced a +40% chance of a U.S. BTC strategic reserve in 2025.

However, at press time, the odds of that happening in the first 100 days of the new administration declined from 34% to 27%.

@ Newshounds News™

Source:  AMB Crypto

~~~~~~~~~

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

We are Heading into Another Round of Inflation

We are Heading into Another Round of Inflation

Palisades Gold Radio:  1-8-2025

In a recent episode of Palisades Gold Radio, host Tom Bodrovics welcomed back financial expert Tom Luongo, the prolific voice behind the “Gold, Goats, and Guns” newsletter and blog, along with his roles at Newsmax Ultimate Wealth Report and Financial Intelligence Report.

The discussion was a deep dive into the complex interplay of political shifts, economic instability, and the potential paths forward, offering a bracing perspective on the global landscape.

Bodrovics and Luongo wasted no time in dissecting the legacy of Donald Trump’s first term, particularly focusing on the long-lasting impact of his judicial appointments. Luongo emphasized the significance of these conservative placements, highlighting the ongoing struggle by Democrats to maintain control in certain jurisdictions. This sets the stage for future legal battles and demonstrates the enduring legacy of presidential administrations.

The conversation then pivoted to Europe, where Luongo painted a concerning picture of economic instability. He pointed to the Euro’s alarming freefall, the volatility in the UK, the widening US-German bond spreads, and the ongoing tensions between the US and Russia as indicators of a continent teetering on the brink. This instability, Luongo argued, has profound implications for the global financial system.

Looking ahead, the conversation turned to potential strategies for navigating these complex economic waters. Luongo explored the possibilities for Trump, should he return to the Oval Office, to weaken the dollar. He suggested options including protectionist tariffs, deregulation, and lowering the cost of capital, all designed to spur domestic growth. He also delved into the volatile nature of markets due to consistent central bank interventions, touching on the potential ramifications of inflation, heightened political tensions, and even anticipated political shifts in Canada.

The discussion didn’t shy away from the crucial issue of oil, with Luongo expressing his belief that oil prices are significantly undervalued, causing ripples across various economic sectors. He further explored the potential of Judy Shelton’s unconventional idea of using gold as collateral on the yield curve, posing it as a potential remedy for the nation’s fiscal challenges. This innovative idea offers a glimpse into the kind of outside-the-box thinking that may be required to address the current financial landscape.

Throughout the conversation, Luongo maintained a solution-oriented approach, urging listeners to shift their focus from the problems themselves towards finding pathways for resolution. He then drew a distinction between the economic policies implemented under the Powell-led Federal Reserve during both the Trump and Harris administrations, highlighting the shifts in approach brought on by different administrations.

The final takeaway from Luongo was a stark one, a prediction that 2025 will bring a “new type of crazy,” suggesting that the economic and political turbulence witnessed in recent years is likely to intensify.

This conversation between Tom Bodrovics and Tom Luongo was not just a report on current events; it was a call to action. It urged listeners to understand the underlying forces shaping the global economy and to prepare for the potential for further instability, highlighting the importance of informed decision-making in the face of an uncertain future.

 Luongo’s analysis, delivered with his characteristic boldness and insight, provided a valuable framework for understanding the complex economic landscape and the challenges that lie ahead. The episode serves as a crucial reminder that awareness, critical thinking, and a focus on solutions are essential tools for navigating the turbulent waters of the modern financial world.

https://youtu.be/btg8Pk6m16g

Seeds of Wisdom RV and Economic Updates Thursday Morning 1-9-25

Good Morning Dinar Recaps,

RIPPLE’S RLUSD GEARS UP FOR EXCHANGE LISTINGS – WHAT IT MEANS FOR CRYPTO’S FUTURE

Ripple RLUSD stablecoin enters new markets through major cryptocurrency exchange platforms. Ripple President Monica Long confirms “imminent” expansion plans. The move aims to cut down crypto market volatility. During her Bloomberg interview, Long said, “RLUSD will become a key component of Ripple’s payment infrastructure.”

Ripple’s RLUSD Stablecoin Could Ease Crypto Volatility and Adoption Challenges

Current Trading Activity Shows Strong Demand

RLUSD started in December 2024, and it keeps a fixed 1:1 rate with USD. The Bullish cryptocurrency exchange handles 76% of all RLUSD trades. These happen mainly in RLUSD/USDC and XRP/RLUSD pairs. Furthermore, the Sologenic exchange adds $3.4 million daily XRP/RLUSD volume, making up 3.56% of all RLUSD trading. Thus, the Ripple RLUSD stablecoin shows high trading activity.

Payment Infrastructure Growth Powers RLUSD Adoption

Last year saw Ripple’s payment business double in size. This growth puts RLUSD stablecoin at the heart of their system. “Our payment business saw remarkable growth throughout 2024,” Long stated. She noted how stablecoin adoption keeps rising. RLUSD helps users move money in and out during high crypto market volatility and facilitates the ongoing use of Ripple RLUSD stablecoin.

Chainlink Partnership Reinforces Security Measures

Ripple teamed up with Chainlink to improve RLUSD price tracking. This works on both Ethereum and XRP Ledger. Their system stops price tricks and keeps data safe. Many independent operators check the data. This matters as more cryptocurrency exchange sites add RLUSD, underlining the growing role of Ripple RLUSD stablecoin in maintaining price stability and security.

XRP ETF Prospects Boost Market Confidence

Long sees good chances for XRP ETF approval after Bitcoin and Ethereum. “XRP could be next in line for ETF approval,” she said. She points to changing U.S. politics. Big names like WisdomTree and Bitwise want SEC approval. This shows growing trust in Ripple’s work and supports the Ripple RLUSD stablecoin’s robust market confidence.

Future Outlook for RLUSD

RLUSD stablecoin fights crypto market swings while pushing stablecoin adoption forward. Long stated that “RLUSD’s expansion across major exchanges represents a significant milestone in our mission to transform digital payments.” Better security through Chainlink and more cryptocurrency exchange options show Ripple’s long-term plans regarding RLUSD.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

HONG KONG'S BOLD STEP: HKMA’S NEW INITIATIVE TO BOOST DLT ADOPTION IN BANKING

Hong Kong, considered as one of the thriving financial hubs of Asia, is know for its welcoming attitude towards innovative technologies, especially those capable of strengthening its dominance in the financial sector.

The Hong Kong Monetary Authority, which is responsible for the upgrading of the nation-state’s financial framework, has launched a new initiative to help banks adopt distributed ledger technology safely and efficiently. What does this bold move actually signify? Does it open a new era of innovation in the banking sector in Hong Kong? Let’s examine!

What is HKMA’s Supervisory Incubator for DLT?

Helping banks to integrate distributed leader technology is the prime purpose of the HKMA’s initiative. The prime merit is that banks are offered an opportunity to safely and efficiently adopt DLT. This is very important to ensure that banks get maximum benefit from any integration with DLT.

Why is HKMA’s Initiative Important?

Primarily, there are three reasons why this initiative is pertinent.

▪️Firstly. It supports innovation in the banking sector.
▪️Secondly, it promotes the usage of tokenisaed deposits and smart contracts.
▪️Thirdly, it offers a strong framework for easy adoption of DLT.

Potential Benefits of DLT for Banking

▪️The prime benefit of DLT integration in the banking sector is that it enables real-time updation and autonomous bookkeeping.
▪️Additionally, it allows the creation of a simplified reconciliation framework.
▪️It facilitates the development of tailored financial products employing smart contracts.  

Recent Crypto Developments in Hong Kong

Recently, a proposal was presented by Hong Kong Legislative Council member Wu Jiexhuang to include Bitcoin in the national reserve of the nation-state. The lawmaker pointed out that the country could leverage China’s “one country, two systems” policy to impliement the proposal.

In conclusion, Hong Kong’s DLT initiative by HKMA is a significant step towards a more innovative and efficient banking future. It also reflects the nation-state’s growing focus on embracing blockchain technology.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

XRP ETF: RIPPLE PREZ SAYS IT COULD SPARK THE NEXT BIG U.S. CRYPTO BOOM

In a recent Bloomberg interview Ripple President Monica Long sent shockwaves through the crypto community when she said an XRP ETF could be the next big thing in the US.

With the US regulatory environment looking good and a crypto friendly administration potentially on the horizon the approval process for an XRP ETF could speed up.

Long said after Bitcoin and Ether XRP will be the next spot ETF in the US “I think we will see more spot ETFs this year out of the US and I think XRP will be next” Crypto investors are excited as XRP continues to gain momentum with adoption and clarity.

What Makes XRP ETF a Potential Game-Changer?

Bitcoin and Ether ETFs were a game changer for the crypto market, giving traditional investors a regulated and secure way to get into digital assets. If an XRP ETF was approved it would open up institutional investment in XRP on a large scale and get XRP into the mainstream markets. An XRP ETF would be a big deal for Ripple and its growing community of investors and partners.

Long also mentioned the changing political landscape and that the new administration could speed up approvals of crypto related filings. This would give investors more confidence and grow the space faster.

Ripple’s Expanding Role in Crypto and Finance
XRP ETFs are still in the filing process but Ripple is already active in other parts of the crypto space. The company just launched its RLUSD stablecoin which is now regulated by the New York Department of Financial Services (NYDFS). With RLUSD being fully compliant with financial regulations it will be a key part of Ripple’s future of money and payments.

Ripple is also making RLUSD more useful by integrating it with the Chainlink standard so it can interact seamlessly with DeFi protocols. This opens up more use cases for RLUSD and makes it an asset for financial institutions and blockchain projects.

@ Newshounds News™

Source:  FX Leaders

~~~~~~~~~

IMF ASKED KENYA TO ESTABLISH CLEAR CRYPTO REGULATIONS: WHAT’S NEXT?

▪️IMF urges Kenya to update outdated crypto regulations for consumer protection and financial stability.

▪️Kenya advised to align crypto laws with global standards to address scams and AML concerns.

▪️IMF suggests defining crypto assets in financial laws to avoid regulatory confusion.

The International Monetary Fund (IMF) has recommended that Kenya create a clear regulatory framework for its cryptocurrency market. This call comes after rising concerns about consumer protection, anti-money laundering (AML), and combating terrorism financing (CFT). The IMF’s advice highlights the growing need for Kenya to update its outdated laws to evolve its crypto sector.

@ Newshounds News™

Read more:  Coinpedia

~~~~~~~~~

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 1-9-2025

TNT:

Tishwash:  Iraq, Jordan forge stronger ties to boost regional stability and economic growth

 Former Jordanian government spokesperson Mohannad Mubaidin affirmed, on Thursday, the ongoing collaboration between Iraq and Jordan to maintain security and stability in the region, particularly in light of last year’s rapid developments.

"King Abdullah II is committed to ensuring that Jordan’s relationship with Iraq is both impactful and geared towards achieving stability and security in the Middle East,” Mubaidin said in an exclusive statement to Shafaq News, adding that "several meetings have been held between the two sides, focusing on key areas, including bolstering security systems and combating terrorism."

High-Level Visits Cement Relations

Iraqi Prime Minister Mohammed Shia Al-Sudani visited Jordan on Dec. 11, 2024, meeting with King Abdullah II to discuss Arab and regional strategies amid ongoing developments in the region, particularly in Syria. This visit underscored Iraq’s strong interest in its ties with Jordan.

On Dec. 15, 2024, Iraqi Parliament Speaker Mahmoud Al-Mashhadani traveled to Amman, where he met King Abdullah II, Jordanian Parliament Speaker Ahmed Safadi, and Senate President Faisal Al-Fayez. According to a statement from Al-Mashhadani’s office, his meeting with Jordanian Prime Minister Jaafar Hassan focused on strengthening bilateral cooperation across political, economic, and security domains, aiming to support stability and development in both nations.

Economic and Trade Ties Flourish

Jordanian officials have emphasized the strategic importance of their partnership with Iraq. Mubaidin reiterated, "Jordan recognizes the depth and significance of its relationship with Iraq and consistently advocates for joint efforts to ensure Iraq’s security and stability while fostering a comprehensive partnership that benefits both nations."

Economic ties between the two countries also remain robust. On Tuesday, the Jordanian Chamber of Commerce announced that Iraq ranked as Jordan’s largest importer in 2024, with total imports valued at 691 million Jordanian dinars.

The oil trade is another vital pillar of cooperation. According to statistics released by Iraq’s State Oil Marketing Organization (SOMO) on Dec. 28, 2024, Iraqi oil exports to Jordan rose by 7.45% over the first 11 months of 2024, reaching 3.56 million barrels compared to 3.31 million barrels during the same period in 2023. SOMO further reported that Jordan imported approximately 3.8 million barrels of Iraqi oil last year under a renewed agreement signed in mid-2024.

Expanded Energy Cooperation

In August 2024, Iraq and Jordan agreed to increase monthly oil exports from 10,000 barrels to 15,000 barrels, raising the annual total from 300,000 barrels to 450,000 barrels. This expansion now covers approximately 10% of Jordan’s crude oil needs, reflecting the strengthening economic ties between the two nations.

Through mutual commitments to security, economic development, and energy collaboration, Iraq and Jordan continue to set an example of regional partnership, working together to promote stability and prosperity for their citizens. link

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

Tishwash:  Head of Parliamentary Finance to World Bank delegation: We support any loans that bring benefit

On Wednesday, January 8, 2025, the head of the Parliamentary Finance Committee, Atwan Al-Atwani, met with a delegation from the World Bank headed by Jean-Christophe Carré, Regional Director for the Middle East, to discuss supporting the railway rehabilitation project within the Development Road Project, stressing support for borrowing.

 We support any loans that are beneficial.

According to a statement by Al-Atwani's office, seen by "Ultra Iraq", "the meeting reviewed the economic and regional vision of the development road project and its strategic importance in stimulating investment movement, maximizing non-oil revenues, and providing job opportunities. It also discussed the possibility of the private sector contributing to its implementation."

The meeting also "discussed the multi-stage support provided by the World Bank for the Development Road Project, including modernizing and rehabilitating the current railway network and linking it from southern Iraq through the north and reaching Turkey."

The statement added: "Al-Atwani reiterated his emphasis that the infrastructure of the development road should be in the hands of the government so that this important project that links Iraq to the countries of the world is not subject to influences." The head of the parliamentary committee pointed out that "our vision is that the development road project should not be a mere transit point, but rather we seek to make it a gateway to activate various economic and commercial activities and develop the infrastructure," calling on the World Bank delegation to present new visions and ideas regarding achieving the optimal investment for this huge project that is hoped to make Iraq an economic corridor linking Asia to Europe."

Al-Atwani stressed the "necessity of expediting the submission of the feasibility study related to the railway development plan within the development road project, and contributing to mobilizing international expertise and attracting the private sector to invest in it in a way that achieves the country's interest."

He added: "We look forward to holding joint workshops and extensive meetings with the World Bank, to provide a full briefing on the project details and discuss its details in a way that secures broad parliamentary support for this borrowing," indicating that "the Finance Committee supports any loans that are economically feasible and bring great benefit to the Iraqi economy, especially since investment in the railway sector is a successful trend and achieves a large financial return." 

For his part, according to the statement, "the World Bank delegation appreciated the valuable comments made by Al-Atwani within the framework of the rapid transition from the planning and vision stage to the implementation stage, stressing the World Bank team's readiness to submit the feasibility study, project path and details by next February."  link

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

Liquidity ‘shortage’ dismissed by economic expert Dagher, calls for focus on non-oil revenues

Economic expert Mahmoud Dagher rejected the notion of a liquidity crisis in Iraq due to sufficient financial revenues and stable oil prices exceeding $70 per barrel. In an interview with Al-Rasheed TV, Dagher emphasized that Iraq’s financial situation remains stable and capable of covering salaries, even in the event of a drop in oil prices below the budgeted threshold.

He further noted that in scenarios of declining oil revenues, the government has the option to reduce or halt investment expenditures to secure operational budget requirements, a strategy previously adopted during former Prime Minister Haider Al-Abadi’s tenure.

He concluded by urging a focus on non-oil revenues to diversify Iraq’s financial resources, cautioning against populist approaches to economic policy and calling for pragmatic decision-making to address the country’s structural financial challenges.

Excerpts from Mahmoud Dagher’s interview:

We have three types of salaries in the state: employees, retirees under the Pension Authority and the Social Welfare Network, which is covered by the Ministry of Finance through its dollar revenues, converted into dinars via the Central Bank. In case of a liquidity shortage, borrowing becomes the alternative.

There is no liquidity shortage, but rather poor management and coordination. Revenues are sufficient, and oil prices remain above $70 per barrel. Therefore, salaries cannot be stopped. However, there is a coordination issue between the Ministry of Finance and the Central Bank, as approval takes 30–40 days to be reinforced, and we need some accounting adjustments to resolve the matter.

If oil prices drop, the investment budget can be reduced or halted to ensure the operational budget is secured. Previous governments adopted this approach several times, particularly in 2015 and subsequent years.

I support an annual budget because it accounts for all variables. The three-year budget did not achieve the financial stability it was supposed to, as it remains merely a set of future plans. Moreover, we have not benefited from the annual budget system in past years due to delays in its approval.

A weak economy with limited options does not allow for ambitious moves. It requires a wise decision-maker. So far, the Iraqi government has been prudent in its economic decisions. However, Mr. Ammar Hakim’s warnings about the Syrian currency scenario are directed at political leaders, cautioning them against the risk of U.S. sanctions.

In politics, we can talk about rising growth rates, but in economics, it’s a different story. On the ground, Iraq still lags in infrastructure development. We must increase non-oil revenues, and if some are displeased, so be it—because we must move away from populism. link

Mot:  So how Cold is Cold 

Mot:  ... So There 

MilitiaMan & Crew Iraq Dinar News-USA-Regional Security-Iraq Mediator-Major Player in Regional Stability

MilitiaMan & Crew Iraq Dinar News-USA-Regional Security-Iraq Mediator-Major Player in Regional Stability

1-8-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=8s8MYF7Kd_g

Iraq Economic News and Points to Ponder Wednesday Afternoon 1-8-25

Presidencies Discuss Preparations For 2025 Elections And Financial Liquidity For Ministries And Governorates

Time: 2025/01/08 20:00:05 Read: 182 times  {Politics: Al Furat News} The presidencies held a meeting today, Wednesday, at the Baghdad Palace, which included the President of the Republic, Abdul Latif Jamal Rashid, the Speaker of the House of Representatives, Mahmoud Al Mashhadani, and the President of the Supreme Judicial Council, Judge Faiq Zidane.

The attendees, according to the Presidency of the Republic, discussed preparations for the 2025 parliamentary elections and the need to provide logistical and technical requirements for the Independent High Electoral Commission.

In the financial aspect, the issue of cash liquidity and financing ministries and governorates from the investment budget and the regional development budget were discussed. The need to meet the financial obligations of institutions and ministries and follow the standards of oversight and auditing of expenditures to protect public money and reduce corruption was emphasized.

The meeting discussed the delay in presenting some important draft laws prepared by the Presidency of the Republic to the sessions of the Council of Representatives, and the need for joint work and coordination between the Presidency of the Republic and the Council of Representatives to include the delayed draft laws on the Council's session program was emphasized, as they are related to the interests and work of citizens.

The attendees stressed the need to support the government in completing and completing the paragraphs of its program by improving the reality of services, improving the living conditions of citizens, supporting the Iraqi economy, and encouraging the private sector in a way that contributes to achieving comprehensive development.

Regarding the current developments in the region, emphasis was placed on consolidating security, peace and stability in the region, and the importance of supporting international efforts and endeavours to contain crises and find solutions to problems and issues through constructive dialogue that enhances international peace and security.   LINK

The World Bank Announces The Date For Submitting The Feasibility Study, The Path Of The Development Road Project And Its Details

economy | 08/01/2025  Mawazine News – Baghdad  The World Bank announced its readiness to submit the feasibility study, the path and details of the development road project by next February.

A statement by the House of Representatives received by (Mawazine News) stated that "the head of the Finance Committee, Atwan Al-Atwani, received today, Wednesday, a delegation from the World Bank headed by (Jean-Christophe Carré), Regional Director for the Middle East, to discuss supporting the railway rehabilitation project within the Development Road Project.

The meeting reviewed "the economic and regional vision for the Development Road Project and its strategic importance in stimulating investment movement, maximizing non-oil revenues and providing job opportunities, and also discussed the possibility of the private sector contributing to its implementation."

The meeting also discussed the multi-stage support provided by the World Bank for the Development Road Project, including modernizing and rehabilitating the current railway network and linking it from southern Iraq through the north and reaching Turkey.

Al-Atwani reiterated his emphasis on the government's control over the infrastructure of the Development Road so that this important project that connects Iraq to the countries of the world is not subject to influences.

The head of the committee indicated that "our vision is for the Development Road Project not to be just a transit point, but rather we seek to be a gateway to stimulating various economic and commercial activities and developing infrastructure, calling on the World Bank delegation to present new visions and ideas regarding achieving optimal investment for this huge project Which is hoped to make Iraq an economic corridor linking Asia to Europe.

He stressed the need to expedite the submission of the feasibility study related to the railway development plan within the development road project, and to contribute to mobilizing international expertise and attracting the private sector to invest in it in a way that serves the country's interests.
Al-Atwani concluded:

We look forward to holding joint workshops and expanded meetings with the World Bank, to provide a full briefing on the project details and discuss its details in a way that secures broad parliamentary support for this borrowing, indicating that "the Finance Committee supports any loans with economic feasibility and that greatly benefit the Iraqi economy, especially since investment in the railway sector is a successful trend and achieves a large financial return.

For his part, the World Bank delegation appreciated the valuable comments presented by Al-Atwani within the framework of the rapid transition from the planning and vision stage to the implementation stage, stressing the World Bank team's readiness to submit the feasibility study, the project path and its details by next February.   https://www.mawazin.net/Details.aspx?jimare=258330

Dollar Prices Rise Again Against Dinar In Baghdad And Erbil Markets

Economy |  08/01/2025  Mawazine News – Economy  The exchange rate of the dollar against the Iraqi dinar rose on Wednesday afternoon in Baghdad markets, while it stabilized in Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar price also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 151,000 dinars per 100 dollars, while it recorded 150,800 dinars per 100 dollars this morning.

The selling prices stabilized in exchange shops in the local markets in Baghdad, where the selling price reached 152,000 Iraqi dinars per 100 dollars, while the purchase price reached 150,000 dinars per 100 dollars.

As for Erbil, the dollar recorded stability, where the selling price reached 150,950 dinars per 100 dollars, and the purchase price reached 150,850 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=258341

Chairman Of The Integrity Commission Stresses The Importance Of Developing Mechanisms To Prevent And Combat Corruption

Political |  08/01/2025  Mawazine News – Baghdad   The Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, discussed with the President of the Karkh Court of Appeal, Judge Khaled Taha, today, Wednesday, effective ways to prevent and combat corruption and develop its mechanisms.

The Chairman of the Integrity Commission, Mohammed Ali Al-Lami, said in a statement received by (Mawazine News): "The task of combating corruption requires strenuous efforts and everyone should contribute to it, whether official or popular activities,"

noting that "the Commission realizes the great burden placed on the judiciary in considering corruption cases, especially since its investigators work under the supervision of investigating judges and are aware of the grave responsibility borne by the judiciary, especially the large number of reports and criminal cases that need to be resolved."

He pointed out "the importance of providing a safe environment free of corruption that leads to encouraging investment and attracting investors," indicating "the importance of developing mechanisms to prevent, protect against, combat and prosecute corruption perpetrators."

He pointed out that "the oversight work undertaken by the Commission is not limited to the investigative and punitive aspect, but also includes the preventive and educational awareness aspects, which are no less important than the deterrent aspect,"

 noting that "what the other departments of the Commission are doing to develop culture in the public and private sectors values ​​personal integrity and honesty, respect for the ethics of public service, and adopting transparency and submission to accountability and interrogation, through public awareness and education programs."

For his part, the President of the Karkh Court of Appeal, Judge Khaled Taha, stressed, according to the statement, "the partnership and joint work with the oversight agencies to preserve public money," praising "all efforts aimed at achieving the supreme interest of the country and moving towards achieving the rule of law, pursuing the corrupt and recovering looted funds."

He added that "the goal of the judiciary and other competent authorities working under its supervision is to treat and not just accuse," noting "the high level of coordination and cooperation between the judiciary and integrity and the relentless pursuit of completing cases and issuing appropriate decisions against the accused."   https://www.mawazin.net/Details.aspx?jimare=258327

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

2025 Market Crash? Inflation Risks and Economic Shifts Revealed

2025 Market Crash? Inflation Risks and Economic Shifts Revealed

Wealthion:  1-8-2025

The champagne corks might be popping on Wall Street in 2024, with equity markets seemingly defying gravity. However, beneath the surface of record highs and bullish sentiment, a sense of unease is growing.

Are we witnessing the final act of a speculative bubble, poised to burst in 2025? A deeper look into the current economic landscape reveals a complex web of factors that could very well trigger a major market correction, and experts are starting to sound the alarm.

In a recent discussion, James Connor sat down with Dylan Smith of Rosenberg Research to dissect the critical market and economic trends that will define 2025. Their analysis paints a picture of a financial landscape fraught with potential pitfalls, driven by a confluence of factors, from frothy markets to shifting central bank strategies.

One of the central concerns is the apparent overvaluation of equity markets. The rapid climb seen in 2024 has many questioning if we’re entering dangerous territory, fueled by speculative buying and a sense of invincibility.

 Combined with this, the specter of inflation continues to loom large. While central banks have attempted to tame price increases, the risk of a resurgence, driven by lingering supply chain issues and global uncertainties, remains very real. This precarious combination could easily trigger a market sell-off as investors scramble to de-risk.

The Federal Reserve’s (Fed) strategy, often referred to as the “Powell pivot,” is another crucial element in this complex equation. The Fed’s moves to manage inflation through interest rate hikes have had a ripple effect across global markets. However, the pace and magnitude of these adjustments are critical.

A misstep could inadvertently push economies into recession, exacerbating any market downturn. This precarious balancing act is particularly challenging given the varying economic situations of different nations.

The discussion also highlighted the stark contrast between the economic performance of the United States and Canada. While the U.S. has displayed surprising resilience and growth, Canada appears to be grappling with a “lost decade” of sluggish economic activity and challenges including high levels of household debt. This divergence creates a unique kind of risk, as global market events could impact these two interconnected economies in very different and potentially unpredictable ways.

Adding to the complexity is the potential impact of Trump’s tariff policies, a subject that’s back on the radar with his reappearance on the political scene. Increased tariffs can disrupt global supply chains, exacerbate inflationary pressures, and potentially trigger retaliatory actions from other nations, further destabilizing the global economic landscape.

Such policies introduce a significant degree of uncertainty into market forecasts, making it even harder to navigate the financial year of 2025.

Ultimately, what emerges from this analysis is that 2025 is shaping up to be a year of considerable uncertainty. Shifting central bank strategies, the potential for renewed inflation, global geopolitical instability, and the potential for disruptive political factors all contribute to a volatile financial landscape. While predicting the future is impossible, the indicators are flashing warning signs, suggesting investors should be prepared for significant market turbulence.

The insights provided by Smith and Connor underscore the importance of vigilance and a diversified approach to investing. Staying abreast of global economic trends, understanding the potential ramifications of central bank policies, and avoiding the temptation to chase short-term gains may be crucial for weathering the potential storm ahead.

While the current market exuberance may feel comforting, a dose of realism and a careful consideration of the risks is essential for navigating the financial complexities of 2025.

https://youtu.be/yzfi9tl-oNg