DINARRECAPS8 8/5/24 DINARRECAPS8 8/5/24

Iraq Economic News and Points To Ponder Monday AM 8-5-24

What Is The Relationship Between The Rise In The Price Of The Dollar And The Restriction Of Its Sale To Travelers At The Airport? Expert Elaborates 08/04/2024 Read: 1,547 times {Economic: Al-Furat News}

The economic expert and director of the Financial Supervision Bureau, Salah Nouri, separated the relationship between the rise in the exchange rates of the dollar by restricting its sales to travelers at the airport. Nouri told {Al-Furat News} agency,

“The reasons for the current rise in the price of the dollar are likely to be limited to selling the dollar to travelers at the airport, which was in banks outside the airport based on the passport and travel card, which makes it possible to obtain the travel amount and did not travel,” pointing out that

“Regulatory procedures for foreign remittances are still ongoing by the Central Bank and have not stabilized, which has made importing merchants hesitant.”

What Is The Relationship Between The Rise In The Price Of The Dollar And The Restriction Of Its Sale To Travelers At The Airport? Expert Elaborates

08/04/2024 Read: 1,547 times {Economic: Al-Furat News} The economic expert and director of the Financial Supervision Bureau, Salah Nouri, separated the relationship between the rise in the exchange rates of the dollar by restricting its sales to travelers at the airport. Nouri told {Al-Furat News} agency,

“The reasons for the current rise in the price of the dollar are likely to be limited to selling the dollar to travelers at the airport, which was in banks outside the airport based on the passport and travel card, which makes it possible to obtain the travel amount and did not travel,” pointing out that

“Regulatory procedures for foreign remittances are still ongoing by the Central Bank and have not stabilized, which has made importing merchants hesitant.”

He pointed out that "the main reason is still the position of the US Federal Reserve towards some countries, monitoring trade with them, and preventing transfers to them through banks.

In general, these reasons led to anticipation and waiting on the part of importing merchants, which led to stagnation." Nouri added,

"According to following up on the statements of the Central Bank, regulating foreign transfers takes a short period, but the

difference remains between the official price and the parallel market price due to trade with some countries, not through the banking system." https://alforatnews.iq/news/ما-علاقة-ارتفاع-سعر-الدولار-بحصر-بيعه-للمسافرين-في-المطار؟؟-خبير-يفصل

Parliament Hosts The Governor Of The Central Bank To Discuss The Exchange Rate

Policy 2024-08-04 | 786 views Alsumaria News – Politics A parliamentary source revealed today, Sunday, that Parliament is today hosting the Governor of the Central Bank, Ali Al-Alaq, to discuss the exchange rate.

The source said in an interview with Al-Sumaria News, “The Finance Committee will host the Governor of the Central Bank at the Parliament session today, Sunday.” The source added,

"The focus of hosting the Central Bank Governor is to discuss the gap between the official price of the dollar and the price in the parallel market." https://www.alsumaria.tv/news/politics/496135/البرلمان-يستضيف-محافظ-البنك-المركزي-لمناقشة-سعر-الصرف

The US Treasury Imposes Control Over The Central Bank Of Iraq To Combat Money Laundering

August 3, 2024 Al-Independent/- Three informed sources close to political and parliamentary decision-making in Baghdad revealed extremely dangerous information confirming that the US Treasury Department has taken a permanent headquarters in the building of the Central Bank of Iraq.

They believe that this step came as a result of great pressure on the Iraqi banking system with the aim of reducing money laundering and dollar smuggling operations, as the

governor of the Central Bank was forced to allocate an entire floor to the US Treasury departments to monitor money transfer operations and prevent any illegal activities.

The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq’s compliance with international standards for combating money laundering and terrorist financing. The sources stressed that the

Iraqi banking sector is suffering from increasing pressure exerted by the US Treasury to prevent the smuggling of dollars to countries such as Iran, Russia and Syria, which face economic sanctions. One source explained that the Governor of the

Central Bank of Iraq tried to resist these restrictions,

but the American response was strict, as the

Central Bank of Iraq was included among the institutions considered supportive of money laundering operations and non-compliance with sanctions.

In previous reports, it was revealed that the severe sanctions imposed by the US Treasury on several Iraqi banks, on charges of involvement in money laundering and dollar smuggling operations.

The policy of the Central Bank of Iraq is characterized by randomness and the absence of a clear strategic plan to protect Iraqi funds from smuggling, which

prompted the US Treasury Department to impose strict and direct supervision on the Central Bank and Iraqi banks.

Iraqi banks are currently subject to careful evaluations under the supervision of the US Department of the Treasury, which includes monitoring all banking operations and money transfers.

This situation reflects the great challenges facing the Iraqi banking system in light of persistent attempts to reform it and improve its image before the international community.

On the other hand, Prime Minister Muhammad Shiaa Al-Sudani repeatedly sought to ease these measures, trying to reach understandings with the American side.

But there is strong resistance from Washington, which insists on correcting the course of the economic process and reforming the banking system in Iraq.

The Sudanese finds himself in a difficult situation, as he must balance internal pressures and international demands.

In a broader context, the current situation reflects the complexity of the relationship between Iraq and the United States in the financial and banking field.

As Iraq seeks to preserve its sovereignty and independence of its banking system, the

United States continues to exert pressure to ensure that the Iraqi banking system is not used to finance illicit activities. https://mustaqila.com/البنك-المركزي-العراقي-2/

Central Bank Governor: We Will Not Go To Reduce The Dollar Exchange Rate Now

Time: 08/04/2024 15:22:32 Read: 2,860 times {Economic: Al-Furat News} Member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, confirmed that the Governor of the Central Bank, Ali Al-Alaq, confirmed that

“there will no longer be a reduction in the dollar exchange rate.”

Al-Dulaimi said in a press statement that

“the price of the dollar has stabilized somewhat, and may rise and fall within certain limits,” indicating:

“We will not currently go to reduce the price of the dollar, as the Governor of the Central Bank said, given that there are other measures that have not been taken.” She warned that

"the security repercussions that occurred recently and the problems between Iran and America could have repercussions on some banks and the price of the dollar."

She explained that "the Ministry of Finance is demanding financing, and the matter has not yet been resolved, and it is one of the reasons for hosting the Governor of the Central Bank today, as there were answers and he will soon send other answers."

Today, Sunday, the Parliamentary Finance Committee hosted the Governor of the Central Bank to follow up on the

exchange rate file, the

Real Estate Bank initiative, the

auction file, and

financing foreign trade.

It is noteworthy that the exchange rate of the dollar in the parallel market is about 1,490 dinars, while the Central Bank of Iraq sells the dollar at the official price of 1,320 dinars. https://alforatnews.iq/news/محافظ-البنك-المركزي-لن-نذهب-الى-خفض-صرف-الدولار-حالياً

Al-Alaq: The Central Reserve Is Sufficient To Create Market Balance

Time: 08/04/2024 19:17:45 Read: 988 times {Economic: Al-Furat News} Central Bank Governor Ali Mohsen Al-Alaq confirmed today, Sunday, that the dollar’s financial reserve is sufficient to create a balance in the market.

A statement by the media department in the House of Representatives, a copy of which was received by {Al-Furat News} Agency today, stated that

“Iraq’s hard currency reserves are sufficient to create balance in the market,” noting that

“the Central Bank sells more than 250 million dollars daily to meet the requirements of foreign trade.” The statement indicated that

"the Governor of the Central Bank provided a complete briefing on the reasons for the

     fluctuation of the exchange rate, the
     mechanism of operation of the electronic platform and
           its role in controlling internal and external trade, as well as the file of the
     housing initiative, the
     American sanctions on Iraqi banks, and the
     status of the bank's cash reserve of hard currencies." "Central"

Al-Alaq pointed out, according to the statement, that “85% of remittances do not pass through the US Federal Reserve.”  https://alforatnews.iq/news/العلاق-احتياطي-المركزي-يكفي-لخلق-توازن-السوق

Kuwait Arrests Two Iraqis Embezzled $124 Million

Amr Salem August 4, 2024 The head of the Federal Commission of Integrity (COI), Haider Hanoun, during a press conference to announce that some of the funds stolen have been recovered. Photo: INA

Baghdad (IraqiNews.com) – The head of the Federal Commission of Integrity (COI), Haider Hanoun, revealed on Thursday that the Kuwaiti authorities arrested two individuals with dual Kuwaiti and Iraqi citizenship for embezzling $124 million as part of the theft of the century.

Hanoun said in a press conference that the Iraqi Prime Minister, Mohammed Shia Al-Sudani, is following up on the theft of more than $2.5 billion from the General Commission for Taxes (the theft of the century), the Iraqi News Agency (INA) reported.

In October 2022, Iraq’s COI disclosed details about the theft of more than 3.7 trillion Iraqi dinars ($2.53 billion) from the General Commission for Taxes.

The Iraqi judiciary issued arrest warrants for senior officials in the Ministry of Finance regarding this major breach and terrible abuse of public funds.

Hanoun said earlier that procedures will be taken with Interpol to have Red Notices, which are requests to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action, published against former officials involved in the Theft of the Century.

The head of the COI indicated that Iraq is seeking to extradite those involved in the theft from countries including the UAE, Turkey, Jordan, and Saudi Arabia and called on the United States and the United Kingdom to hand over the fugitive suspects.

Hanoun elaborated that each of those involved in the theft of the century received not less than $77 million, adding that

it is a big crime where the number of suspects is more than 48.

An internal investigation carried out by the Ministry of Finance found the money had been withdrawn from the account of the General Commission for Taxes at a state-owned bank.

At that time, the Iraqi Prime Minister vowed to tackle endemic corruption in the country.

“We will not allow Iraqis’ money to be robbed,” Al-Sudani said via Twitter.

The Rafidain Bank issued a statement confirming it has nothing to do with any manipulation or theft and is only responsible for cashing the checks issued by the General Commission for Taxes.

The vast sum of cash, equivalent to nearly 3.7 trillion Iraqi dinars, was stolen by five companies from the General Commission of Taxes account at Baghdad’s Al-Rafidain Bank between September 2021 and August 2022 through the cashing in of 247 checks issued by the tax directorate, according to Rudaw News.

The Karkh Investigation Court decided on August 21, 2022, to stop the disbursement of checks issued by the General Commission for Taxes. https://www.iraqinews.com/iraq/kuwait-arrests-two-iraqis-embezzled-124-million/

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

DINARRECAPS8 8/5/24 DINARRECAPS8 8/5/24

Money Tips They Wish They Learned In School

People Are Sharing The Money Tips They Wish They Learned In School

BuzzFeed Sun, August 4, 2024

Adulting is a headache even on a good day; there are so many different ways to mess up, and of course, no instruction manual. I think we all wish we had a class or two in school that would have prepared us better for navigating the maze that is taxes, insurance, and mortgages.

The next best thing to that, though, is asking advice from the older and hopefully wiser folks who have already stumbled through. So I turned to the BuzzFeed Community to ask: "What are the things you wish someone had told you about finance when you were starting out and knew absolutely nothing?"

People banded together to share the game-changing advice that made the biggest differences in their finances, and here's what they had to say, along with Redditors from the r/personalfinance community.

People Are Sharing The Money Tips They Wish They Learned In School

BuzzFeed Sun, August 4, 2024

1."Put your savings in a high-yield savings account! I was over 40 before I realized this. Now, I wish I had put the money I had saved to buy a house into a high-yield account. I sat on that money for years in a traditional savings, earning little interest. It makes me so mad that I didn't know about it then.

That additional savings accrual could have been so helpful in home renovations and items we didn't even know we needed when we bought the house (like new appliances)."

2."When I first started working, money was very tight, so I decided not to contribute to my 401(k), thinking I'd do it once I was on my feet. I ended up putting it off until I was about 30. It was an incredibly dumb move, and I missed out on so much employer match money and interest income." —axj66

3."Take advantage of 401(k) plans offered by employers. Most offer a 'match' — which is basically free money added to the account by the employer. Always put in at least how much the company will match. if they match the first 5% you put in, then put in at least 5%.

You don't get taxed on the money you put in until you withdraw in retirement, so your taxes are lower on your check, too. There are usually rules about when the match money becomes yours (vesting schedule), but keep an eye on that date if you are considering switching jobs; I've seen people lose thousands of dollars because they left a job three or six months before they were either fully vested or at least a milestone."

"If/when you switch jobs, do NOT get tempted to just take the money out and blow it. Besides the taxes and penalties for using it, that couple thousand dollars (that was already not really in your pocket all along) will be a nice chunk of money down the line. And time does move faster the older you get..."

—Anonymous, 49, Missouri

4."'Give every dollar a job...' Having $1000 in my checking account with no purpose meant I had $1000 to spend, and I often did."

"Having $1000 in my checking account and knowing that...$100 has to go for the week's groceries $400 has to be set aside for property tax in March $150 has to go for the wife's birthday next month $50 needs to be set aside for fuel for the week $300 has to be there for the car payment next week ...makes me feel like I'm broke, and I don't spend dollars I'll soon need for other things." –u/ItMadeHimMean

5."Many banks will let you open extra accounts for no cost and maybe even link them together. A $1000 paycheck with direct deposit and auto transfers means putting $500 into a bills account, $300 into savings, and only $200 in my spending account. If I don't see the money in my account in the first place, I don't get as tempted to spend it." —u/Theta_Zero

6."If you buy something on sale, you still bought it.Instead of thinking I got $30 off on this $100 dollar appliance, think, 'I spent $70 dollars on this appliance.' That $30 off is easier to justify than the $70 spent, especially if it is a niche item that doesn't get much use. That being said, if you can get a great deal on something you will use regularly — get it." –u/NotSpendingOnSales

7."Paying for services annually instead of monthly. You can often save 20-30% by paying annually." —doofenshmirtzevilincTo

Dinar Recaps 20 8/5/24 Dinar Recaps 20 8/5/24

News, Rumors and Opinions Monday AM 8-5-2024

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 Mon. 5 Aug. 2024

Compiled Mon. 5 Aug. 2024 12:01 am EST by Judy Byington

Banks Closing Worldwide

Eight Billion People & All Banks Across the Globe To Do A Global Currency Reset

GESARA/NESARA Implementation

…Mr. Pool Sun. 4 Aug. 2024

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 Mon. 5 Aug. 2024

Compiled Mon. 5 Aug. 2024 12:01 am EST by Judy Byington

Banks Closing Worldwide

Eight Billion People & All Banks Across the Globe To Do A Global Currency Reset

GESARA/NESARA Implementation

…Mr. Pool Sun. 4 Aug. 2024

Judy Note: As Worldwide bank runs began, a new indicator suggested that the United States was heading toward a major recession.

Fulford Report

This transformative endeavor, known as Quantum GESARA, encompasses various facets of advancement, including the Quantum Financial System, Quantum Voting System, Quantum Healing, and Quantum Physics.

The transition extends to the digital realm with the Quantum Internet, symbolizing a comprehensive shift toward quantum technology.

Under GESARA, currency undergoes a transformation, with Nesara introducing Rainbow “Treasury” Notes backed by precious metals, augmented by the integration of Quantum Starlink and internationally regulated USA Coins adhering to ISO20022 standards, also backed by metals.

~~~~~~~~~~~~

Global Currency Reset: Rumors/Opinions

Wed. 31 July 2024 BLUWOLF: We are about to receive our blessings there is no doubt about it. Please remember to follow all according to plan. Get in and out as quickly as possible. All cell phone must be placed on airplane mode 3 miles from bank source in and out. Zim 1 to 1 period. All alert systems worldwide have been activated and are all standing by.

Sun. 4 Aug. 2024 Wolverine: “In my opinion Tier4b should get notification tomorrow Mon. 5 Aug. Everything is moving ahead. Nothing has changed. We have the Green Light from Brazil.”

Sat. 3 Aug. 2024 Wolverine: “It’s all coming this new week guys. Get ready everyone. I’ve had multiple confirmations everything in Israel, Iran & Venezuela is already done & settled. Now @charliewardshow confirms it too. …the RV has started in general. We are going to have a beautiful week. Get ready. Any day I’ll get that call and then you won’t hear from me anymore. ”

Sat. 3 Aug. RV Highlights: “A contact went to a bank (big 4) today to buy more currency. He was told by the manager, who acknowledges the RV, not to bother because he would be coming back to exchange in “two days.” Same contact was also told that “this week” the market would drop.”

Sun. 4 Aug. 2024 Goldilocks: All currencies around the world are currently going through a reclassification process. An alphabetic currency identifier, also known as an ISO currency code, is a three-letter code. The new ISO codes will connect our currencies to the new global digital system. Here is where ISO codes and ISO20022 messaging system will be synchronized. https://youtu.be/AyJevP9dttw?si=dDGRKEwl6-Jx6MYl

~~~~~~~~~~

Global Financial Crisis:

Sun. 4 Aug. 2024 Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’ – Markets and Prices Bitcoin News: https://news.bitcoin.com/robert-kiyosaki-declares-market-crash-has-arrived-losses-are-substantial/

Sun. 4 Aug. 2024: Iran Backs Russia on BRICS Single Currency Initiative. News Bytes Bitcoin News: https://news.bitcoin.com/iran-backs-russia-on-brics-single-currency-initiative/

Sun. 4 Aug. 2024 Goldman Sachs and Ballast are set to surrender 82 apartment buildings in San Francisco to lender Royal Bank of Canada, per Triple Net Investor. They recently defaulted on loans totaling $687.5M The apartments were purchased between 2017 and 2020 for $704M ($587K per unit). https://x.com/unusual_whales/status/1820097609127940507?t=B9altZWsLZtac8QMtgaBIA&s=19

The market crash in Japan on Friday may have triggered an earthquake under the global financial systems, house of cards. The VIX volatility index spite by nearly 26% on Friday. It will be interesting to see what happens to the Japanese yen and the Tokyo Nikkei Stock Index beginning Sun. night US time. Japan’s largest bank (MUFG) is down 21%, this is the 9th largest bank in the world.

Sun. 4 Aug. 2024: A new indicator is suggesting that the United States is heading towards another recession. In July, the number of people who have been unemployed for the long term—defined as being without a job for 27 weeks or more—increased by 27.4% compared to the same time last year. This joins worsening indicators like the PMI (manufacturing), new Housing Starts, Business Bankruptcies, CRE (Commercial Real Estate), Bank Stress Tests, and more. This rise in long-term unemployment marks the seventh consecutive month of increases, signaling a potentially troubling trend in the labor market. Historically, such significant and sustained increases in long-term unemployment have been seen only during periods of economic recession. …GCR Real Time News on Telegram

Read full post here: https://dinarchronicles.com/2024/08/05/restored-republic-via-a-gcr-update-as-of-august-5-2024/

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

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

Jeff Iraq just competed their 5 year development plan...That's basically the reform plan...They completed the reform plan, that's a required step for their accession to the World Trade.

Militia Man Here's some fun... Article: "Four Arab currencies top the list of the strongest in the world. Is the Iraq dinar among them?" Why in the world would you bring up the Iraqi dinar when it's at 1310? Why would you say that? Everybody and their brother knows around the world that it's lousy. It's terrible.

Major News: World Bank & BP's Big Moves in Iraq!

Edu Matrix: 8-4-2024

https://www.youtube.com/watch?v=cM8V2H0AJpw

Dinar Recaps 20 8/5/24 Dinar Recaps 20 8/5/24

MilitiaMan: Iraq Dinar - Iraq News - Iraq Central Bank - UST / US Federal Reserve - CBI Entire Floor for UST -

Iraq Dinar - Iraq News - Iraq Central Bank - UST / US Federal Reserve - CBI Entire Floor for UST -

Militiaman and Crew: 8-4-2024

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

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

Iraq Dinar - Iraq News - Iraq Central Bank - UST / US Federal Reserve - CBI Entire Floor for UST -

Militiaman and Crew: 8-4-2024

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=rVaPArfaK5o

DINARRECAPS8 8/5/24 DINARRECAPS8 8/5/24

Seeds of Wisdom RV and Economic Updates Monday AM 8-5-24

Good Morning Dinar Recaps,

Warren Buffett and Berkshire Hathaway now own 4% of all T-Bills issued to the public…

Buffett has ~$277 Billion. The Fed has $195 Billion.

Good Morning Dinar Recaps,

Warren Buffett and Berkshire Hathaway now own 4% of all T-Bills issued to the public…

Buffett has ~$277 Billion.
The Fed has $195 Billion.

Warren Buffett is now a larger holder of US Treasury Bills than the Federal Reserve.

@ Newshounds News™

Read more: Twitter

~~~~~~~~~

JUST IN: 🇺🇸 The Strategic #Bitcoin Reserve bill has been officially introduced.

@ Newshounds News™

Read more: Bitcoin Magazine, Congress-Gov

~~~~~~~~~

So if it’s subject to REGULATORY APPROVAL and it’s supposed to come out in Q4 this YEAR, then REGULATIONS are COMING OUT before THEN.

@ Newshounds News™

Twitter

THIS IS AN OPINION PIECE BUT WORTH CONSIDERING

~~~~~~~~~

US Stocks tanking. Japanese stocks tanking. Cryptos tanking

@ Newshounds News™

Twitter

Newshound's Daily Breakdown 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 Newsletter

Thank you Dinar Recaps

Dinar Recaps 20 8/4/24 Dinar Recaps 20 8/4/24

Zimbabwe Gold ZiG Currency is Bringing Humanity Closer to the GCR

Zimbabwe Gold ZiG Currency is Bringing Humanity Closer to the GCR

On August 1, 2024 By Awake-In-3D

How the Zimbabwe Gold ZiG is Reshaping the Future Global Currency System Today

The resurgence of gold as a global currency is becoming a reality, with Zimbabwe leading the way. The introduction of the Zimbabwe Gold ZiG currency has sparked significant interest and marked a seminal shift in the global financial landscape.

Zimbabwe’s approach provides a glimpse into humanity’s promising financial future.

Zimbabwe Gold ZiG Currency is Bringing Humanity Closer to the GCR

On August 1, 2024 By Awake-In-3D

How the Zimbabwe Gold ZiG is Reshaping the Future Global Currency System Today

The resurgence of gold as a global currency is becoming a reality, with Zimbabwe leading the way. The introduction of the Zimbabwe Gold ZiG currency has sparked significant interest and marked a seminal shift in the global financial landscape.

Zimbabwe’s approach provides a glimpse into humanity’s promising financial future.

In This Article:

What is the Zimbabwe Gold ZiG?
Is the Zimbabwe Gold ZiG Currency Being Used?
How has the ZiG helped Zimbabwe’s Economy?
Will the Gold ZiG Replace the US Dollar in Zimbabwe?
Is the Zimbabwe Gold ZiG a Part of a GCR?

What is the Zimbabwe Gold ZiG?

The Zimbabwe Gold currency, or ZiG, launched in April 2024, is a gold-backed currency designed to replace the depreciated Zimbabwean dollar.

The ZiG is backed by foreign exchange reserves and precious metals, providing a stable and secure alternative to the previously volatile local currency.

This marks Zimbabwe’s sixth attempt to establish a reliable currency in the past 15 years.

Is the Zimbabwe Gold ZiG Currency Being Used?

Since its introduction, the adoption of the ZiG has been remarkable. Zimbabwean Central Bank Governor John Mushayawanha reported that the usage of ZiG has doubled, now representing 30% of all transactions in the country.

This rapid increase in acceptance indicates growing confidence among Zimbabweans in the new currency’s stability and value.

How has the ZiG helped Zimbabwe’s Economy?

The introduction of the ZiG has had a stabilizing effect on Zimbabwe’s economy. The gold-backed currency has helped to curb inflation and restore some confidence in the national monetary system.

Previously, hyperinflation and a depreciating local currency plagued the economy, but the ZiG’s success suggests a turning point.

The use of gold coins in 2022 laid the foundation for this success, proving effective in managing liquidity and preserving value.

Will the Gold ZiG Replace the US Dollar in Zimbabwe?

The Zimbabwean government has ambitious plans for the ZiG to become the sole legal tender by 2030.

Finance Minister Mthuli Ncube has introduced measures to increase demand for the ZiG, including requiring government departments to accept payments in the local currency.

President Emmerson Mnangagwa has indicated that the transition could be completed as early as 2026, aiming to reduce reliance on the US dollar.

Is the Zimbabwe Gold ZiG a Part of a GCR?

The ZiG’s introduction is seen as a significant step towards a Global Currency Reset (GCR), where gold re-emerges as the foundation for a fair and sovereign financial system open to all of humanity.

The success of the ZiG will lead other nations to adopt gold-backed currencies, fostering a more secure and equitable global economy.

The GCR envisions a future where gold and other real assets underpin global financial systems, reducing the debt, volatility and uncertainty associated with fiat currencies.

The Bottom Line

Zimbabwe’s introduction of the ZiG currency marks a pivotal moment in the global financial landscape. By embracing a gold-backed currency,

Zimbabwe is not only stabilizing its own economy but also paving the way for a broader global currency reset.

Zimbabwe’s success with the ZiG will bring a new era of financial stability and prosperity, driven by the strong properties and value of gold.

Contributing Source: https://eurasiabusinessnews.com/2024/07/29/in-zimbabwe-the-use-of-gold-backed-currency-zig-grows/

=======================================

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Dinar Recaps 20 8/4/24 Dinar Recaps 20 8/4/24

More News, Rumors and Opinions Sunday PM 8-4-2024

KTFA:

Clare: WTO

@wto

Members welcomed on 18 July the resumption of #Iraq's accession process after a 16-year hiatus, commending Iraq for its renewed political commitment & engagement. Iraq reaffirmed its pledge to join the WTO, highlighting significant domestic reforms. More: http://bit.ly/3LCyu9e

https://x.com/wto/status/18196.....0213436553

(CLICK THE LINK TO WATCH THE VIDEO)

KTFA:

Clare: WTO

@wto

Members welcomed on 18 July the resumption of #Iraq's accession process after a 16-year hiatus, commending Iraq for its renewed political commitment & engagement. Iraq reaffirmed its pledge to join the WTO, highlighting significant domestic reforms. More: http://bit.ly/3LCyu9e

https://x.com/wto/status/18196.....0213436553

(CLICK THE LINK TO WATCH THE VIDEO)

Clare: US Treasury Takes Control of Iraq's Central Bank to Combat Money Laundering

8/3/2024

Three informed sources close to the political and parliamentary decision-making process in Baghdad revealed extremely dangerous information confirming that the US Treasury Department has taken a permanent headquarters in the Central Bank of Iraq building. They considered that this step came as a result of the great pressures on the Iraqi banking system with the aim of limiting money laundering and dollar smuggling, as the governor of the Central Bank was forced to allocate an entire floor for US Treasury departments to monitor money transfers and prevent any illegal activities.

The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq's commitment to international standards for combating money laundering and terrorist financing.

The sources stressed that the Iraqi banking sector is suffering from increasing pressures exerted by the US Treasury to prevent the smuggling of dollars to countries such as Iran, Russia and Syria, which are facing economic sanctions.

One of the sources explained that the governor of the Central Bank of Iraq tried to resist these restrictions, but the American response was strict, as the Central Bank of Iraq was included among the institutions considered to support money laundering operations and failure to comply with sanctions.

In previous reports, the US Treasury imposed severe sanctions on several Iraqi banks, on charges of involvement in money laundering and dollar smuggling. The policy of the Central Bank of Iraq is characterized by randomness and the absence of a clear strategic plan to protect Iraq's money from smuggling, which prompted the US Treasury to impose strict and direct control over the Central Bank and Iraqi banks.

Iraqi banks are currently undergoing a rigorous evaluation process under the supervision of the US Treasury Department, which includes monitoring all banking operations and money transfers. This situation reflects the great challenges facing the Iraqi banking system in light of the ongoing efforts to reform it and improve its image before the international community.

On the other hand, Prime Minister Mohammed Shia al-Sudani has repeatedly sought to ease these measures, trying to reach understandings with the American side. But there is strong resistance from Washington, which insists on correcting the course of the economic process and reforming the banking system in Iraq. Al-Sudani finds himself in a difficult position, as he must balance internal pressures and international demands.

In a broader context, the current situation reflects the complexity of the relationship between Iraq and the United States in the financial and banking sphere. While Iraq seeks to preserve its sovereignty and the independence of its banking system, the United States continues to exert pressure to ensure that the Iraqi banking system is not used to finance illicit activities. LINK

AZPatriot: Why does this sound bad IMO??? I think President Reagan said is best of the 9 most feared words to Americans, "I'm from the government and I'm here to help"!

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

Militia Man 'The Theft of The Century'...It's a big deal. It's in the forefront again...They're going to claw back a lot of money. A LOT of money. Why is that important to you and I? If they claw back a lot of money it all goes back to the treasury. Tens of billions of dinars or multiple billions of dollars. It's all clawed back from people that stole their money from the citizens...We'd have to pay out on that [988 billion dinars] if they were able to keep them...Finding this stuff is amazing. It's really good for the country...citizens and it's really good for you and I...

Frank26 You have to start getting ready for when they give you the new exchange rate...You know what's coming...I'm not saying I'm leaving but I'm saying there's going to be a major change very soon...Things are going to change dramatically very soon.

US ECONOMY RED FLAGS: Unemployment Rises, Warren Buffet Stockpiles Cash, National Debt Surges

Lena Petrova: 8-4-2024

https://www.youtube.com/watch?v=nHJhZxyq0QU

LIVE! SPECIAL REPORT... MMRI FREEFALL.

Greg Mannarino: 8-4-2024

https://www.youtube.com/watch?v=Ap5klwNenYA

DINARRECAPS8 8/4/24 DINARRECAPS8 8/4/24

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-4-24

Good Afternoon Dinar Recaps,

Gold (XAU) Forecast: Dollar Weakness and Falling Yields Set Stage for Continued Rally

Key Points: ▪️ Gold surges 2.32% weekly despite Friday pullback, settling at $2442.50 amid geopolitical tensions and Fed rate cut expectations. ▪️ Middle East conflicts, including Hamas leader assassinations, boost safe-haven demand for gold as geopolitical hedge. ▪️ Powell's comments spark surge in trader bets for September rate cut, CME FedWatch tool shows 28.5% chance of 50-basis-point cut. ▪️ Weaker-than-expected U.S. jobs report strengthens case for gold: Only 114,000 jobs added, unemployment rises to 4.3% ▪️ Analysts eye $2,500 year-end target for gold, potentially arriving sooner if current bullish trends persist in the market.

@ Newshounds News™

Iraq Economic News and Points To Ponder Sunday Afternoon 8-4-24

Al-Fath: Foreign Banks In Iraq Do Not Have Cash Value

Information/private.. Today, Saturday, member of the Al-Fatah Alliance, Mahmoud Al-Hayani,

revealed the presence of large corruption files within the Iraqi banking business and the involvement of major figures, while confirming that foreign banks in Iraq do not have monetary value that benefits Iraq.

Al-Hayani said in a statement to the Maalouma Agency, “Foreign and Jordanian banks in particular do not have funds through which they can supply the Iraqi market with the monetary mass, and their presence inside Iraq does more harm than good,” noting that “the Central Bank of Iraq was unable to find solutions and did not rise to the level.” Required".

He continued, "The reason for the entry of foreign banks into the country is due to American dictates exercised on the Central Bank in order to grant them licenses to operate in Iraq according to special privileges," pointing out that, "The Iraqi government needs support from the political forces and concerted efforts in order to distance the banking business from suspicion." And corruption.”

Al-Fath: Foreign Banks In Iraq Do Not Have Cash Value

Information/private.. member of the Al-Fatah Alliance, Mahmoud Al-Hayani,

The economic expert, Mustafa Akram Hantoush, had confirmed that the measure taken by the Central Bank of Iraq was to grant business licenses to Jordanian banks and operate in the country, indicating that it was the duty of the Central Bank to strengthen Iraqi banks instead of Jordanian ones.

https://almaalomah.me/news/72220/politics/الفتح:-المصارف-الأجنبية-في-العراق-لا-تملك-قيمة-نقدية

An Economist Calls For Consideration Of The Work Of Jordanian Banks In Iraq

Information/private.. economic affairs expert Ahmed Abd Rabbo called on the Central Bank of Iraq to reconsider the work of Jordanian and foreign banks in Iraq to evaluate their work compared to local Iraqi banks.

Abd Rabbo said in a statement to the “Al-Ma’louma” agency, “The Central Bank is working in a dualistic manner by not supporting the private banking sector and granting privileges to Jordanian banks,” noting that “foreign banks, especially Jordanian ones, control the file of financial transfers, in light of issuing sanctions against half of the local banking sector from By the US Treasury Department.

He added, “Today the Iraqi banking sector is facing a major problem and we fear it will be completely annihilated, as happened in the industrial and agricultural sectors and thus Iraq’s dependence on imports,” pointing out that “the Iraqi government must accelerate negotiations with Washington in order to lift the sanctions on Iraqi banks.” He called for "activating the principle of fines for unintended errors that occur in banks instead of penalties."

Specialists believe that the economic file cannot be handed over in this way, as it is a sovereign matter that affects the security and economy of the state, with these banks taking over and penetrating the economy to a great extent, which may make the Iraqi economy hostage to the Jordanian banks. https://almaalomah.me/news/72231/economy/اقتصادي-يدعو-للنظر-بعمل-المصارف-الأردنية-في-العراق

Alia Nassif: Central Bank Policy Is Pushing Iraqi Banks Towards Execution!

Execution of Iraqi banks with licenses to foreign banks July 31, 2024 Last updated: July 31, 2024

Independent/- Representative Alia Nassif strongly criticized the measures taken by the Central Bank of Iraq towards local banks, considering that these measures contribute to “the execution of Iraqi banks.”

tweet on the Nassif explained in a She also indicated that licenses would be granted to two other banks, one Kuwaiti and the other Qatari.

She said that these steps come at a time when many Iraqi banks continue to suffer, as their activities have been suspended and more of them have been closed as a result of the policies of the Central Bank.

She expressed her dissatisfaction with the management of the Central Bank, which did not address the accumulated problems in the banking sector during previous periods, but rather worked to bring local banks into contracts with K2 Company and pay money without achieving tangible results.

Nassif pointed out that the Iraqi banking sector is now being punished for mistakes committed in previous years under the supervision of the same current administration of the Central Bank.

She wondered why this administration did not hold itself accountable for its failure to perform its oversight duties during that period.

These statements come in light of a state of uncertainty and anxiety that dominates the banking sector in Iraq, as it suffers from instability and declining confidence.

The entry of foreign banks into the Iraqi market raises questions about the future of local banks and their ability to compete in light of the current challenges.

This step is part of the government's efforts to attract foreign investments and strengthen the financial sector, but

there are fears that it will be at the expense of local banks that are facing great difficulties.

Some representatives and experts call for the necessity of reviewing banking policies and providing the necessary support to local banks to enhance their ability to compete and achieve financial stability.

In light of these developments, the future of the Iraqi banking sector remains dependent on the decisions and policies that the Central Bank and the government will take to achieve a balance between attracting foreign investments and supporting local banks. https://mustaqila.com/المصارف-العراقية/

Despite Their Large Numbers...A Shocking Percentage Of Government And Private Bank Services In Iraq

Time: 08/02/2024 Read: 1,573 times {Economic: Al-Furat News} A government advisor revealed a shocking percentage and number of banking services in the public and private sectors provided to the public in Iraq.

Mazhar Muhammad Saleh told {Al-Furat News} agency, “The lesson in the stability of the banking market in particular and the financial market in general is not the large number of private banks and financial companies, as

the lesson lies in achieving (financial depth), which means how much banking and financial activities and services contribute to the growth of output.”

The annual gross domestic product in the country, that is, through the capacity of services provided by these banking companies to the public, in quality and quantity, to maximize the added value in economic activity. He added that these banking services “in the gross domestic product revolve around a growth rate that does not exceed 1.5% in most cases,

which is a low percentage compared to developed countries where this percentage rises to more than 20%.” Saleh stated,

“Accordingly, the sobriety and stability of the financial and banking market in particular is measured by the number of services provided to the public, and the number of its services still does not exceed 12 services at best, while it should rise to 45 banking services as a minimum.”

He continued, "As for banking density, which is measured by the population's share of bank branch services, despite the huge number of government and private banks, the share of their branches in providing banking services to the population is still low." He explained, "It is noted that the services of a single branch of these banks are still disproportionate to the population.

The banking density in our country is approximately 40 thousand people per branch on average, while it should not exceed ten thousand people per branch unless it is less, as is the case

in the countries of the developed world, which One branch provides its services to an average of no more than six thousand people per banking branch.” https://alforatnews.iq/news/رغم-كثرة-أعدادها-نسبة-صادمة-لخدمات-المصارف-الحكومية-والأهلية-في-العراق

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

Dinar Recaps 20 8/4/24 Dinar Recaps 20 8/4/24

Are You Prepared for Currency Exchanges in a New Gold-Backed System?

Are You Prepared for Currency Exchanges in a New Gold-Backed System?

On August 3, 2024 By Awake-In-3D

New gold-backed digital currencies are coming and learning as much as we can about the future of GCR currency exchanges should be on everyone’s to-do list.

A new and promising financial system alternative is emerging—one that harnesses the intrinsic stability and value of gold-backed digital currency technology.

It has long been my view that a gold-backed component is what will create a significant revaluation (RV) of our GCR currencies and bonds.

Are You Prepared for Currency Exchanges in a New Gold-Backed System?

On August 3, 2024 By Awake-In-3D

New gold-backed digital currencies are coming and learning as much as we can about the future of GCR currency exchanges should be on everyone’s to-do list.

A new and promising financial system alternative is emerging—one that harnesses the intrinsic stability and value of gold-backed digital currency technology.

It has long been my view that a gold-backed component is what will create a significant revaluation (RV) of our GCR currencies and bonds.

Key Takeaways

Understand Gold-Backed Value: Grasp the concept of how gold-backed currencies tie value directly to gold, ensuring more stability compared to fiat currencies.

Learn Transaction Mechanics: Familiarize yourself with the process of direct peer-to-peer transactions in the new system, which bypass traditional banking methods.

Embrace Digital Tools: Utilize modern digital apps and platforms designed for managing and converting gold-backed currency units seamlessly.

Prepare for the Transition: Stay informed and ready for the shift to gold-backed currencies to gain a significant advantage in the evolving financial landscape.

As we all witness the logical conclusion to the Great Global Fiat Currency Debt System experiment, understanding and preparing for the introduction of a new gold-backed currency system alternative becomes essential.

This alternative financial framework, often referred to as the Global Currency Reset (GCR), offers a more stable and reliable store of value by tying currency directly to gold.

Unlike fiat currencies, which are backed only by government promises, gold-backed currencies ensure that the value of money is anchored in a tangible and historically trusted asset.

In the not-too-distant future, we may witness a shift where digital platforms facilitate direct peer-to-peer transactions using gold-backed currency units, bypassing traditional banks and reducing transaction fees.

This system promises greater transparency and security, making financial exchanges simpler and more efficient.

This article explores the mechanics of how GCR currency exchanges might work, providing you with information needed to help understand this impending change.

By familiarizing yourself with these concepts now, you can position yourself advantageously as this new financial paradigm takes shape.

The Basics of Gold-Backed Currencies

Gold-backed currencies are mediums of exchange where the value of the currency is directly tied to a specific amount (weight) of gold. Unlike fiat currencies, which are backed only by government promises, gold-backed currencies offer a tangible asset that provides an intrinsic store of value.

This shift is expected to bring greater stability and reduce the risk of manipulation that plagues our current global fiat currency system.

Why Gold?

Gold has been a symbol of wealth and stability for centuries. Its inherent value, rarity, and universal acceptance make it an ideal foundation for a new financial system. As fiat currencies face devaluation and economic uncertainties, gold offers a safe haven, ensuring that currency retains its value over time.

The Mechanics of Currency Exchange

In the emerging gold-backed system, currency exchanges will look quite different from what we are used to today. Instead of dealing in purely digital or paper money, transactions will involve units that represent a specific amount of gold.

For example, a unit might be equivalent to one gram of gold. This means that the value of your currency is directly tied to the market price of gold, providing a more stable and reliable store of value.

Imagine you have a substantial amount of new gold-backed currency units after an exchange, each based on 1/2 gram of gold. Today, one gram of gold is worth around $75.

As the new system values these units in terms of gold, they will have substantially higher purchasing power when exchanged for pure fiat currencies such as the US Dollar or Euro. This is how the GCR currency revaluation is realized, leading to significant gains in value, especially as the global economy adjusts to this new standard.

Practical Applications

How will this work in practice? Let’s say you want to buy a house. In the new system, you could transfer the gold-backed units directly to the seller without the need for traditional banks. This direct peer-to-peer transaction not only simplifies the process but also reduces fees and eliminates the need for middlemen.

Digital Integration

One of the most exciting aspects of this new system is its integration with modern digital technologies. Apps and desktop platforms will allow users to manage their gold-backed currency units seamlessly.

You can convert your units into local digital currencies, deposit them into your bank, and spend them as you would with any other form of money.

This blend of old-world value (gold) with new-world technology offers a compelling vision of the future of finance.

Future Implications

As the new gold-backed currency system gains traction, we may see a significant shift in how we perceive and use money.

Traditional fiat currencies like the dollar or euro might eventually adopt gold backing to remain competitive. For now, this system offers a robust alternative, promising greater security, transparency, and stability.

Are You Ready?

The transition to a gold-backed currency system is more than just a financial adjustment; it’s a paradigm shift. Understanding how this system works and preparing for its implementation can give you a significant advantage.

Stay tuned to the “Endgame GCR” podcast for more insights and updates on this transformative journey. The future of finance is golden, and now is the time to get prepared.

Many more details and examples of the new gold-backed currency system and RV/GCR exchanges are discussed in Episode 3 (links below).

Podcast on YouTube: Endgame GCR Episode 3 (YouTube)
Podcast on Rumble: Endgame GCR Episode 3 (Rumble)

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Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Dinar Recaps 20 8/4/24 Dinar Recaps 20 8/4/24

Insiders Sell Billions In Stocks | David Morgan

Insiders Sell Billions In Stocks | David Morgan

Liberty and Finance: 8-3-2024

David Morgan expresses concerns about the stock market, noting that insiders like Warren Buffett and Jeff Bezos are selling stocks, potentially indicating a peak.

He suggests investors may want to consider reducing their stock market exposure. In the metals market, Morgan observes that gold and silver face challenges breaking past certain price points, anticipating more downward pressure due to seasonal trends but expecting a stronger performance in late 2024 and into 2025.

Insiders Sell Billions In Stocks | David Morgan

Liberty and Finance: 8-3-2024

David Morgan expresses concerns about the stock market, noting that insiders like Warren Buffett and Jeff Bezos are selling stocks, potentially indicating a peak.

He suggests investors may want to consider reducing their stock market exposure. In the metals market, Morgan observes that gold and silver face challenges breaking past certain price points, anticipating more downward pressure due to seasonal trends but expecting a stronger performance in late 2024 and into 2025.

Morgan also highlights the impact of economic conditions on crime rates, using In-N-Out Burger's closure in Oakland due to safety concerns as an example.

He suggests that rising crime rates reflect deteriorating economic conditions, especially in states like California. Additionally, Morgan discusses the potential impact of geopolitical conflicts on silver demand, emphasizing military and technological needs could consume the supply.

He also advocates for maintaining a constitutional republic in the U.S., arguing that preserving founding principles is crucial to prevent societal collapse.

INTERVIEW TIMELINE:

0:00 Intro

1:20 Gold & silver update

4:55 Recession ahead

9:00 Gold vs stock market

12:00 Silver & geopolitical conflicts

13:48 Industrial demand for silver

17:17 $50 Silver?

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