“Coffee With MarkZ” Wednesday Morning Chat 9-4-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning Mark, Mods, and all in our wonderful community.

Member: This would be a great day for some great news!!!!

Member: Today would be a wonderful day for an RV

MZ: I don’t even have to give you guys good news this morning  ….Just go watch Nader talking about the IQD in international markets and Al Alaq laying the foundation for good things coming.-RATE CHANGE

MZ: Also MilitiaMan did a really solid video on global partnerships and security and stability. Including dollars, income,  commercial and private applications…. Solid information. Be sure to go watch and share both of them.

MZ: Things are going very well in Iraq. What does that mean timing wise? A number of my contacts over there are convinced we will see something in the next 2 days. Don’t ride the roller coaster…..just wait and see.

Member: Do not unlatch your seatbelt until the ride has come to a complete stop

Member: I hope there is a picture at the top of the roller coaster that captures all of our smiling faces

MZ: Reno and Zurich have been exceptionally quiet this week. To me –that is very interesting.

Member: I am making a guess that Mr. C will be paid by Friday

MZ: I would not be surprised if he were paid this week.

Member: I cannot wait to prove to family and friends that I am not crazy for believing in all of this.

Member: Thanks Mark and Mods……everyone have a wonderful day.

Member: Have a wonderful safe day! Don’t worry!! We are almost there!! Breathe!! Ground! Live in Gratitude!!

ATB joins the stream today. Please listen to the replay for their information and opinions

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=blTjzcdAE3c

Iraq Economic News and Points To Ponder Wednesday AM 9-4-24

What Happened Between Al-Maliki And The US Ambassador?

Political | 07:01 - 03/09/2024   Mawazine News – Baghdad  Head of the State of Law Coalition, Nouri al-Maliki, confirmed to the US Ambassador to Iraq, Alina Romanowski, on Tuesday, that Iraq seeks to maintain its security and political stability as the upcoming parliamentary elections approach.

Maliki's media office stated in a statement: "Head of the State of Law Coalition, Nouri al-Maliki, received the US Ambassador to Iraq, Alina Romanowski, in his office."

He added, "During the meeting, views were exchanged on the developments witnessed in the regional and international arenas, especially the efforts to stop the Zionist aggression on the Gaza Strip. A number of issues and files of common interest were also discussed."

According to the statement, Maliki stressed "the importance of strengthening bilateral relations between the two countries, and activating the strategic framework agreement after the announcement of the international coalition's withdrawal from Iraq and the transition to comprehensive relations in various fields between Baghdad and Washington," indicating that

"Iraq seeks to maintain its security and political stability as the upcoming parliamentary elections approach, as the elections, which are expected to be held on time next year, will be important for all current parties."

Al-Maliki pointed out that "the region is witnessing a major crisis due to the continued Zionist aggression against the Palestinian people, which requires the international community to move to find solutions that end the Zionist aggression against the Palestinian people and the crimes committed against them."

The US ambassador renewed her country's support for the stability of Iraq, stressing "the continuation of dialogues between the two countries in order to enhance partnership projects in various important and vital sectors,"  

noting that "the United States continues its efforts with international partners to end the war in Gaza, provide aid to the Palestinian people, and end the crisis that the region has been experiencing since the beginning of last October."   https://www.mawazin.net/Details.aspx?jimare=254404 ‘

Parliamentary Finance Committee Discusses With Heads Of Customs And Tax Authority Enhancing Non-Oil Revenues

Tuesday 03 September 2024 13:36 | Economic Number of readings: 198   Baghdad / NINA / The Parliamentary Finance Committee held a joint meeting today, Tuesday, with the heads of the General Customs and Tax Authority, to discuss enhancing non-oil revenues.

The head of the committee, MP Atwan Al-Atwani, said in a statement to journalists, including the correspondent of the National Iraqi News Agency / NINA /, that "the meeting will study expanding non-oil revenues and discussing the financial situation in light of monetary policy and data on the global oil market."

He added, "The Finance Committee recently met with the Deputy Prime Minister and the Ministers of Finance, Electricity and Oil to discuss the issue of various revenues, including non-oil revenues, and decided that the committee would proceed with holding meetings with the ministries and agencies concerned with those revenues whose obligations were mentioned in the General Budget Law."

He explained, "The Parliamentary Finance Committee decided to meet with the head of the Tax Authority and the head of the Customs Authority to clarify what procedures we will proceed with," indicating that "taxes and customs are important institutions capable of increasing and maximizing non-oil revenues." / End 5    https://ninanews.com/Website/News/Details?key=1151518

Al-Akeely: Increase In Revenues After Implementing Automation In 9 Customs Centers

Money and business   Economy News – Baghdad  The Chairman of the General Authority of Customs, Hassan Hamoud Al-Akeili, confirmed on Monday that he had submitted a briefing to the Finance Committee in the House of Representatives on the measures taken by the Authority for the current and last year.

While he indicated that he had witnessed parliamentary support for amending the Customs Law, he expected the completion of the automation of all ports next year 2025, pointing at the same time to the increase in revenues after the implementation of automation in 9 customs centers.

The Chairman of the Authority, Hassan Hamoud Al-Akeili, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "an important meeting was held today with the Finance Committee in the House of Representatives, as the members of the committee and its chairman listened to everything that was presented by the General Authority of Customs, during this year and last year, from reform steps and a review of the Authority's procedures and electronic systems that were implemented during this period.

The members also reviewed the level of growth in the Authority's revenues from 2022 to the increase achieved in 2023, and they also reviewed the increases in revenues achieved during the first half of this year."

Al-Akeili added, "The representatives made their observations on some performance items and made evaluative observations on some important points that contribute to enhancing work and revenues.

They also expressed support and backing for the General Authority of Customs in moving forward on the subject of automation and on the subject of updating procedures and expanding the geographical area of ​​automated customs centers.

The representatives also expressed their support for moving forward in completing the procedures for legislating to amend the Customs Law, considering it an important law that has been legislated for more than 40 years.

The law is currently in the State Council and is in the process of being presented to the House of Representatives to take its final form."

He pointed out that "we discussed during the meeting that the increasing increase in customs revenues during this year is due to the implementation of the automation system in nine out of 21 customs ports, expressing his hope that the automation of all ports will be completed by 2025. https://economy-news.net/content.php?id=47143

"Al-Eqtisad News" Publishes The Full Decisions Of The Cabinet Session

Money and business   Economy News – Baghdad   Al-Eqtisad News publishes the full decisions of the 36th Cabinet session, headed by Prime Minister Mohammed Shia Al-Sudani.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Al-Sudani chaired the thirty-sixth regular session of the Council of Ministers, in which the latest developments in the country were discussed, and a number of important economic files were discussed, in addition to examining the agenda and taking the necessary decisions regarding them."

The statement added, "In order to ensure that the salaries and financial allocations of the Popular Mobilization Forces members are covered, the Council of Ministers voted to increase the allocations of the Popular Mobilization Forces Authority for the year 2024."

He explained that "within the follow-up of the completion of major hospital projects, the Council of Ministers approved the recommendations of the minutes of the meeting of the Diwani Order Committee (45 of 2018), regarding establishing the necessary means and mechanisms to complete the public hospital projects that were approved by the Ministry of Planning."

He pointed out that "in the context of preparing for the general population census, the Council voted to oblige the General Authority of Customs to enter the materials related to the population census, and in the event that a certificate of origin and an original invoice are not submitted,

insurance in the amount of (1) million dinars shall be submitted from the Ministry of Planning, as an exception to Cabinet Resolution (23672 of 2023), and a pledge to submit the aforementioned certificate and lists within 90 days, as a maximum from the date of the customs declaration."

The statement added: "In the field of supporting strategic crops, the Council of Ministers approved increasing the purchase price of one ton of the barley crop (amber) in Iraq from (950) thousand dinars, to become (1) million dinars per ton, and maintaining the current price of the jasmine barley crop at (800) thousand dinars per ton."

He continued: "In terms of security cooperation with friendly countries, the Council of Ministers approved the authorization of the National Security Advisor to negotiate and sign a draft memorandum of understanding for security cooperation between the National Security Advisory Council in the Republic of Iraq and the Supreme National Security Council in Iran,

based on the provisions of the Treaty Conclusion Law (35 of 2015), with any amendment, annex or agreement resulting from the aforementioned memorandum being presented to the General Secretariat of the Council of Ministers to express an opinion before signing it."

He pointed out that "the Council approved the recommendations of the minutes of the Diwani Order Committee (23995) related to the Chinese Framework Agreement projects, regarding the ratification of the allocation schedules prepared by the Ministry of Planning, based on the provisions of the Iraqi-Chinese Agreement axis contained in the Federal General Budget Law for the fiscal years 2023-2024-2025."

He stated that "as part of the government's efforts to remove obstacles facing stalled and suspended projects, and to complete their implementation, the Council of Ministers approved the following:

1- Increase the reserve amount and the total cost of the project to equip and implement the second phase of the treatment plant on the right side of Mosul city.

2- Increase the cost of the Mosul/Right Coast Sewerage Project (M1-Nineveh).

3- Adjusting the total costs of the project to rehabilitate the halls in Al-Rashad Training Hospital in Baghdad Governorate.

4- Increasing the reserve amount and the total cost of the project to build the Qara Tepe/Omar Mandan Road - Baghdad-Kirkuk Road Junction, with a length of 22 km in its second phase.

The Council approved the Ministry of Finance allocating an amount of (11.839) billion dinars to the operating budget of Diwaniyah Governorate, from the emergency reserve, for the purpose of contracting with cleaning companies to serve the center of Diwaniyah Governorate District, for a period of 3 years, based on the provisions of the Federal General Budget Law (13 of 2023), according to a statement from the media office.

The statement confirmed that "approval was given to exempt the contract to study the merger between the National Insurance Company and the Iraqi Insurance Company into one company, from the first paragraph of Cabinet Resolution 23545 of 2023, to proceed with the procedures for contracting with a company specialized in auditing and monitoring joint accounts."

https://economy-news.net/content.php?id=47139

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 9-4-24

Good Morning Dinar Recaps,

RIPPLE AND DIFC PARTNER TO BOOST BLOCKCHAIN INNOVATION IN DUBAI

▪️Ripple partners with DIFC Innovation Hub to accelerate blockchain adoption in the UAE and foster innovation.

▪️Ripple’s 1B XRP fund supports global developers, driving blockchain solutions across 47 countries on the XRPL.

Ripple has announced a strategic relationship with the DIFC Innovation Hub, a thriving innovation environment within the Dubai International Financial Centre (DIFC), to accelerate the development and acceptance of blockchain and digital assets in the UAE.

Ripple Fuels Global Blockchain Innovation Through Strategic Alliances and 1B XRP Fund
This alliance aims to connect the next generation of developers with the region’s largest innovation ecosystem, which includes over 1,000 growth-stage IT startups, innovation corporations, digital laboratories, venture capital firms, regulators, and educational institutions. Brad Garlinghouse, Ripple Chief Executive Officer, stated:

“Our partnership with the DIFC Innovation Hub promises to drive the adoption of blockchain technology in the region as the XRPL continues to be a leading blockchain for the region’s start-ups and scaleups building real use cases.”

The agreement demonstrates Ripple’s commitment to pushing blockchain adoption among early-stage firms and scale-ups, as well as situating this disruptive technology within traditional large strategic institutions and their specialized use cases.

The pledge of one billion XRP by Ripple to promote global use cases on the decentralized layer 1 blockchain known as the XRP Ledger (XRPL) further demonstrates its dedication to promoting blockchain innovation.

Ripple’s huge funding offer intends to provide not just monetary support but also technical and business assistance to developers globally. Since the beginning of the 1B XRP Fund in late 2021, Ripple has successfully supported over 160 teams in 47 countries, allowing for the development of a wide range of XRPL applications.

These applications cover a wide range of sectors, including decentralized finance (DeFi), Real World Assets (RWA), and other ground-breaking technologies, demonstrating Ripple’s worldwide effect. Arif Amiri, DIFC Chief Executive Officer, added:

“Today marks another milestone in DIFC’s ongoing journey to help facilitate growth and equip the next generation of leaders with everything they need to succeed.

The Ripple collaboration further cements DIFC’s role as a leading global hub for talent, technology and innovation, as we continue to enhance our ecosystem powered by a world-class regulatory jurisdiction, to drive the future of finance.”

Strategic Integration Boosts Blockchain Innovation and Economic Value in the MEA Region
Ripple’s regional office is located in the DIFC, demonstrating the strategic relevance of the UAE and the larger Middle East and Africa (MEA) area to the company’s activities. The DIFC approved the usage of XRP within the Center in November 2023, marking a key milestone.

This permission enables licensed virtual asset firms operating in the DIFC to incorporate XRP into their virtual asset services, further integrating Ripple’s technology into the region’s financial system.

This move not only advances blockchain innovation in Dubai, but it also generates new economic value by incorporating XRP into the larger virtual asset ecosystem.

In addition to Ripple’s cooperation in Dubai, the Middle Eastern regulatory landscape is evolving, with Qatar recently creating a framework to oversee the operation of digital asset services and foster innovation in the financial sector.

According to CNF, analysts believe that this legislative clarification will considerably accelerate the growth of cryptocurrencies, notably Ripple, given its long-standing ties with Qatar National Bank.

Such regulatory developments in Qatar, together with Ripple’s growing impact in the UAE, place Ripple strategically in the rapidly growing Middle Eastern digital asset industry.

Furthermore, as we previously reported, Japan’s Metaplanet has formed a cooperation with cryptocurrency investment provider SBI for Bitcoin trading and custody.

This collaboration focuses on regulatory compliance and tax efficiency. Given that SBI is one of Ripple’s core partners, there is suspicion that XRP will soon be included in this cooperation, potentially boosting Ripple’s influence in Japan as well.

@ Newshounds News™

Source: Crypto News Flash

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RIPPLE INTRODUCES SMART CONTRACTS AND INNOVATIVE NFT FEATURES TO THE XRP LEDGER

▪️Ripple’s new developments aim to expand the XRP ledger’s capabilities, enabling new features such as NFTs, DEXs, and AMMs.

▪️Ripple is broadening its reach by partnering with AI and metaverse firm Futureverse to integrate Ripple Custody for secure DeFi access via the Ottó blockchain.

Blockchain startup Ripple has made some major announcements at the Korea Blockchain Week 2024 with the goal of boosting the foundations of crypto infrastructure thereby driving more institutional adoption of blockchain.

Ripple is now working to advance the XRP Ledger’s programmability by introducing smart contracts to the mainnet and within the ecosystem. This will also help developers leverage the XRP Ledger’s expanded capabilities, thereby accelerating innovation on the platform, per the CNF report.

As a result, Ripple is undertaking a two-pronged approach to boost programmability. First, smart contracts will be introduced to the XRP Ledger mainnet, along with the XRPL EVM Sidechain, in the coming months. These two developments will complement each other in building a robust and versatile ecosystem that will cater to a wide range of applications.

Furthermore, the introduction of the smart contracts will also enable new layer-1 features such as NFTs, Escrow, payment channels, authorized trustlines, as well as DEXs and AMMs.

The introduction of these new features, along with the high speed and low cost of XRP Ledger, makes it well-suited to drive everything from traditional finance to innovative new applications. However, the Ripple community is also demanding moving away from centralized control of XRP Ledger and taking the path of decentralization, reported Crypto News Flash.

The XRPL Labs’ Hooks, which define the current smart contract standards provide a crucial foundation that can be built upon to improve Mainnet features. This framework will further allow developers to harness Ledger’s core strengths while tailoring smart contracts to address specific requirements.

Ripple Partners With AI and Metaverse Tech Firms

Apart from the financial markets, Ripple is also expanding its wings into other emerging industries, such as artificial intelligence (AI) and the Metaverse. As a result, it has partnered with Futureverse, an AI and metaverse technology firm, to integrate Ripple Custody and thus secure its digital assets.

Futureverse will facilitate secure, KYC-verified access to DeFi through its proprietary Ottó blockchain. To ensure safe receipt and storage of cryptocurrencies before minting on Ottó, Futureverse will utilize Ripple Custody.

It is clear that Ripple seeks to grab a piece of the crypto custody market, which is expected to grow to $10 trillion by 2030. The blockchain startup will do this by providing a state-of-the-art governance framework while safeguarding a large number of digital assets, including stablecoins and tokenized assets such as bonds, stocks, commodities, and real estate.

 Interestingly, Ripple has also been working on a multi-purpose token for XRPL, per the CNF report.

In another announcement, Ripple’s University Blockchain Research Initiative (UBRI) welcomed Korea’s Yonsei University as its 58th global partner. With over $60 million committed to the UBRI program, Ripple continues to advance academic excellence and cutting-edge research through strategic support, technical resources, and grants.

@ Newshounds News™

Source: and Read more: 

Crypto News Flash

CoinGape

Cointrust

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Why You Need to Know What a Recession Really Is - The Economic Ninja |  Youtube

@ Newshounds News™

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XRP WHALES SELLING HEAVILY AS RIPPLE TO PAY US SEC THIS WEEK

▪️XRP whales dump heavily ahead of Ripple's $125M settlement with the SEC.

▪️Ripple to pay the settlement this week.

▪️XRP price dips with increased selling pressure on the asset.

XRP whales have ignited severe investor concerns, heavily dumping their holdings ahead of a $125M settlement between Ripple and the U.S. SEC. On-chain data pointed out nearly 1 billion XRP moved over the past day, raising speculations on the cryptocurrency’s future price movements.

 Moreover, recent massive escrow movements by the American blockchain payments firm have further propelled speculations on XRP price action ahead.

@ Newshounds News™

Source: CoinGape

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Ripple USD Stablecoin Could be Issued in 'Weeks, Not Months': Garlinghouse

The RLUSD will be fully backed by U.S. dollar assets, tested with enterprise partners, and will operate on the XRP Ledger and Ethereum blockchain.

Ripple is close to launching its U.S.-dollar pegged stablecoin, Ripple USD (RLUSD), with CEO Brad Garlinghouse indicating a launch timeline of “weeks.”

RLUSD will be fully backed by U.S. dollar assets, tested with enterprise partners, and will operate on the XRP Ledger and  Ethereum blockchain.

SEOUL- Ripple Labs chief executive Brad Garlinghouse, at the ongoing Korea Blockchain Week on Wednesday, said that the company’s U.S.-dollar pegged stablecoin is close to issuance
.
“We will certainly launch soon. Weeks, not months,” Garlinghouse said at the event. “It’s called Ripple USD. RLUSD has been minted in that framework.”

He stated that plans for the token were made after USD Coin (USDC), the second-largest stablecoin by market capitalization of $34 billion, lost its dollar peg in March, 2023.

“We felt like there was an opportunity for a credible player already working with lots of financial institutions to lean into that market,” he said.

Ripple first revealed its stablecoin plans in April, stating that the token would be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.”

It began testing the token in early August with enterprise partners. The stablecoin is scheduled to be deployed onto Ripple's institution-focused XRP Ledger and the Ethereum blockchain to start and will be based on Ethereum's ERC-20 token standard.

Plans for the stablecoin come amid further boosts to the XRP Ledger network in the form of Ethereum-compatible smart contracts, which will let users build out on-chain exchanges and issue tokens, among other financial services, as they do on Ethereum.

@ Newshounds News™

Source: CoinDesk

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News, Rumors and Opinions Wednesday AM 9-4-2024

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 Wed. 4 Sept. 2024

Compiled Wed. 4 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 3 Sept. 2024 Wolverine: “Jennifer said in her podcast that Payments are being made; Groups would know about their payments today; Tier4A payments are ending on Wed. 4 Sept., Thurs. 5 Sept. or Fri. 6 Sept.; Notifications for Tier4B will be this week.  … Now every single intel provider is saying that this is our week. Once my Whale receives his notification (any time this week) all operations will be shut down immediately. Blessings, Wolverine.”

Note: Just because there is a “Big Name” attached to intel- does not mean that is really the real person- There is a lot of “fake” information everywhere…..Use discernment and consider everything a rumor until we are actually at the banks.

Tues. 3 Sept. 2024 Military Intel Contact, (JFK Jr.) on Telegram:

Our Military Intel Contact just said they release everything at 3pm PDT to start the shotgun release of liquidity & notifications over next 72 hours for the lower levels / tiers including 4B. He said more later.

He said he is not allowed to talk about caps and limitations and we will find out at the appointments but he can say we will all be very happy with rates & the ZIM 90 day advance of $500 million till structured payout payments start coming to our accounts.

Our military intel contact said all your non-ZIM currency exchange proceeds will be accessible immediately but if the account funds are put under a structured payout program you will have up to a $250 million advance till the first payout from the SPP

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Tues. 3 Sept. 2024 Bruce:

Today Tues. 3 Sept. Tier 3 Bond Holders were not taking phone calls, or returning calls. It is assumed they are under NDAs.

Bond Holders have received emails from three different banks and were told they could look into their accounts and see monies in the account, but weren’t allowed access to that account. They would receive access when Tier4b goes.

We have not received intel today, but as of Mon. 2 Sept. we were told Tier4b would get notified Wed. and start exchanges Wed. 4 Sept. 2024.

Most exchange appointments will take around 30 min.

Rates will be much higher on certain currencies at Redemption Centers than they are at a bank. Zim can only be redeemed at a Redemption Center.

Med Bed appointments will be available within 5-10 days of your redemption center appointment. Zim Holders and those with dire need have priority for an appointment.

Several banks have had major arrests going on and they have had to hire new people.

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Global Financial Crisis:

Tues. 3 Sept. 2024: BREAKING: Turkey’s BRICS Membership Confirmed – A Game-Changing Power Move – amg-news.com – American Media Group

Tues. 3 Sept. 2024: Over $1.05 trillion was wiped out from the US stock market today.

Tues. 3 Sept. 2024: Old FED Money vs. New USA Money, Robert F. Kennedy Jr. on Telegram: The monetary system we rely on today is a construct designed by central bankers to benefit themselves and control the masses. The Federal Reserve Note, commonly known as the US dollar, was created to keep people in financial b*****e. But now, we have a unique opportunity to break free from this system. The flaws and c********n of the old system are becoming clear, and we have the chance to move toward a new reality. This new form of money is transparent, asset-backed, and owned by the people. It’s designed to preserve wealth, gain value over time, and serve as a reliable store of value, unit of measure, and medium of exchange.

Tues. 3 Sept. 2024: Warren Buffett cautioned that you should be ready for any stock you buy to plunge ‘50% or more’: https://finance.yahoo.com/news/warren-buffett-cautioned-ready-stock-104500651.html

Tues. 3 Sept. 2024: Fed. US Dollar Crisis Predicted: https://www.forbes.com/sites/digital-assets/2024/09/02/strap-in-september-fed-us-dollar-crisis-predicted-to-spark-total-collapse-and-a-critical-bitcoin-price-tipping-point/

Read full post here:  https://dinarchronicles.com/2024/09/04/restored-republic-via-a-gcr-update-as-of-september-4-2024/

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

Militia Man  The reason why I'm in this investment is because I listened to the IMF.  I read the IMF documents.  One of the longest reports I've ever read.  I read every page...198 pages.  That's where the IMF talked about $3.22. that was what the exchange rate was back in those days.  Reinstatement...Revaluations are legal things.

Sandy Ingram  Iraq's employment rate, inflation rate and GDP affect the value of [Iraq's] currency.  The Development Road Project will positively affect Iraq's economic status and provide a dependable income stream outside the oil industry.  As a global corridor to transport goods and energy the project will generate many jobs and investment opportunities for Iraq and the countries of the region as it will attract global trad

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

Iqd wow stability in the international market

Nader:  9-3-2024

https://www.youtube.com/watch?v=cKLaVq8QIM8

IQD Update-Iraq Dinar- #iraqi dinar -#xrp -Global Partnerships-Security-Stability-Economic-Commercial

IQD Update-Iraq Dinar- #iraqi dinar -#xrp -Global Partnerships-Security-Stability-Economic-Commercial

MilitiaMan and Crew:  9-3-2024

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=RFA-ZFOc0Y0

High-Yield Savings Account Vs. Treasury Bill: Which Is Right For You?

High-Yield Savings Account Vs. Treasury Bill: Which Is Right For You?

Sarah C. Brady·Contributor  Updated Tue, September 3, 2024  Yahoo Personal Finance

Both can be a great option for your savings, depending on your goals.

It was not too long ago that low-risk investments like Treasury bills were the underdogs of the financial world. While T-bills provide a safe place to store your savings while earning a fixed interest rate, they were simply not worth the low returns they offered — especially when compared to the flexibility of savings accounts.

Then, in 2022, something unusual happened: Interest rates started increasing, and they just kept on shooting upward, until the rates on some T-bills, and even savings accounts, passed 5%.

In 2024, anyone who wants to earn a competitive rate on their short-to-mid-term savings would be wise to consider both as options. Which one is best for you: A high-yield savings account or Treasury bill? The answer mainly depends on when you need your money back.

What is a high-yield savings account?

A savings account is a bank account designed to help you save money. These accounts typically earn more interest than checking accounts do, and they're very low risk since most banks insure your deposits up to $250,000.

The downside? Most savings accounts don’t pay much; the national average savings account rate is just 0.46% today. You might earn more interest by leaving your money in a time-bound account like a T-bill or CD, or by investing in the market. Inflation is also likely to outpace your earnings on a savings account.

One way to maximize what you earn on your savings is to use a high-yield savings account (HYSA). These accounts work just like traditional savings account, except they can offer rates as high as 5% APY or more.

See our picks for the 10 best high-yield savings accounts available today>>

What is a Treasury bill?

Buying a Treasury bill is sort of like making a loan to the U.S. government. T-bills pay you guaranteed interest based on the length of time you invest your money. Rates currently range from 4.23% to 5.27% with terms of four to 52 weeks. You can sell a T-bill before the maturity date, but you'll lose some of the interest you would have earned otherwise.

TO READ MORE:

https://www.yahoo.com/finance/personal-finance/high-yield-savings-account-vs-treasury-bill-140005833.html

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-3-24

Good Afternoon Dinar Recaps,

QATAR LAUNCHES 2024 DIGITAL ASSETS FRAMEWORK TO LEAD GLOBAL FINANCE

▪️Qatar's QFC Digital Assets Framework 2024 provides a legal foundation for digital asset activities.

▪️The framework was developed through extensive consultation with various stakeholders and includes initiatives like the QFC Digital Assets Lab.

▪️Qatar's initiative is expected to position the country as a leader in digital finance, attracting more companies and driving economic growth.

Qatar is making a major move in the world of finance with the launch of the QFC Digital Assets Framework 2024. Created by the Qatar Financial Center Authority and the Qatar Financial Center Regulatory Authority, this new framework aims to transform how digital assets are managed in the country.

Let’s look at how this could make Qatar a leader in digital finance.

All About the QFC Digital Assets Framework

The QFC Digital Assets Framework acts as a detailed guide for digital assets in Qatar. It sets legal standards for activities such as tokenization, owning digital tokens, and exchanging them. It also acknowledges the role of smart contracts, showing a modern approach to digital asset management.

Why is this framework important? 

The main goal is to ensure a safe environment for digital transactions, meeting global standards. Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, sees this framework as a key part of Qatar’s plan to modernize its financial sector. It’s not just about setting rules; it’s about opening new opportunities and driving Qatar’s digital transformation.

It Takes a Team for Success!

Creating the QFC Digital Assets Framework took a lot of time and resources. It took a lot of discussions and input from an advisory group that included 37 organizations from different fields-finance, technology and law. The idea was to make sure the framework isn’t just a set of rules but something that works for everyone involved.

One of the standout features is the QFC Digital Assets Lab, which started in October 2023. More than 20 startups and fintech companies are already using it to test and launch their digital asset products and services.

This lab is not just about regulation; it’s about encouraging innovation and making Qatar a central player in digital finance.

Qatar’s Ambitious Vision

With the launch of the QFC Digital Assets Framework 2024, Qatar is clearly aiming to lead in digital finance. This framework provides the clarity and security that businesses, both local and international, need. It’s expected to attract more companies to Qatar, boosting its financial sector and making it more competitive globally.

Yousuf Mohamed Al-Jaida, CEO of QFC, is enthusiastic about the new framework, noting that it aligns Qatar’s regulations with the best global practices. It’s also a key part of Qatar’s strategy for long-term growth and security in the digital space.

Shaping the Future of Finance – Together!

In short, the QFC Digital Assets Framework 2024 is a major development. It’s not just about setting rules; it’s about shaping the future of finance in Qatar. By building a strong regulatory base, Qatar is ensuring that digital asset transactions are secure, transparent, and ready for the future.

This framework is a big step forward for Qatar’s financial sector and its role in global digital finance.

@ Newshounds News™

Source: Cooinpedia

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RIPPLE PARTNERS WITH FUTUREVERSE TO ENHANCE SECURE DIGITAL ASSET CUSTODY

Futureverse to Leverage Ripple Custody for AI and Metaverse Initiatives

In a significant advancement within the digital asset infrastructure and metaverse technology sectors, Ripple, a leader in digital asset solutions, has announced a strategic partnership with Futureverse, a prominent company in AI and metaverse technology. 

The collaboration aims to integrate Ripple Custody into Futureverse’s ecosystem, ensuring secure storage and management of digital assets, particularly as the demand for compliant and institutional-grade custody solutions continues to grow.

Futureverse has unveiled plans to use Ripple Custody to facilitate the secure custody of digital assets before they are minted on its self-developed Ottó blockchain.

The partnership will enable Futureverse to offer a secure and compliant environment for Know Your Customer (KYC) verified access to decentralized finance (DeFi) via the Ottó blockchain.

This development is timely, given the rapid expansion of the crypto custody market, which is projected to approach $10 trillion by 2030.

The integration of Ripple Custody is expected to address the critical need for robust, secure, and compliant digital asset storage solutions that can accommodate a wide range of digital assets, including stablecoins and tokenized real-world assets such as stocks, bonds, commodities, and real estate.

Ripple Custody has been designed with a state-of-the-art governance framework to protect a diverse array of digital assets, thereby allowing institutions, enterprises, and crypto businesses to securely manage their digital assets while confidently navigating the evolving Web3 landscape.

This partnership underscores the growing importance of secure custody solutions as digital assets gain increased adoption across various sectors.

Jeffrey McDonald, the Founder of Ottó Blockchain and Chief Customer Officer of Futureverse, emphasized that the integration of Ripple Custody into Futureverse’s operations was driven by Ripple’s industry-leading security features, which are designed to enhance the safety of customers’ digital assets.

 He also highlighted the long-standing relationship between the two companies, noting that Ripple’s advanced product features made it the ideal choice as Futureverse continues to innovate within the AI and metaverse technology spaces.

Ripple’s suite of enterprise-grade solutions is tailored to meet the evolving demands of businesses operating in the digital economy.

Beyond custody services, Ripple offers a comprehensive range of solutions, including the secure storage of cryptocurrencies and digital assets, the off-ramping of stablecoins, and the facilitation of payouts in local fiat currencies across over 80 markets worldwide.

These offerings are designed to help businesses scale their operations without compromising on security, compliance, or operational efficiency.

Fiona Murray, Managing Director of APAC at Ripple, emphasized the importance of security and compliance as foundational elements for the success of any digital asset platform.

She further expressed that Ripple’s ongoing collaboration with Futureverse is a testament to the company’s commitment to supporting Web3 projects and communities with secure and scalable custody solutions.

Both Ripple and Futureverse have been active participants in the XRP Ledger (XRPL) community, with Futureverse having adopted the XRPL NFT standard, which benefits from the network’s low transaction fees and high throughput capabilities.

 Moreover, Futureverse utilizes XRP as the network’s gas token and has integrated with the XRPL decentralized exchange (DEX) to provide network liquidity. The partnership between Ripple and Futureverse was further solidified in 2023 when Ripple took part in Futureverse’s $54 million Series A funding round, led by 10T Holdings.

This collaboration between Ripple and Futureverse highlights the ongoing evolution of digital asset management and the critical role that secure, compliant custody solutions play in the broader adoption of digital assets and blockchain technology.

As the market continues to evolve, partnerships like this are likely to become increasingly important in ensuring the safe and efficient operation of digital asset platforms.

@ Newshounds News™

Source: CoinTrust

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UNLOCKING THE SECRETS OF HISTORICAL BOND |  Youtube

@ Newshounds News™

Source: Currency Facts

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Tuesday Evening Chat With MarkZ 9-3-2024

Tuesday Evening News With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Meber: Good evening everyone. Are we there yet?

Member: Hello fellow RVers …..hope by end of this week we shall receive notifications

Member: The energy is high, and I know we are all praying it in, let's hope this is the week!! Right...

Member: Jentel- Mike Bara’s friend had some fun intel.. If true, this week should be exciting.

MZ: They have called in a lot of people doing a lot of due diligence and prep. Theres a lot of people preparing ….hoping it is not a nothing burger….but a something burger

Member: All those people who were told to fly to Reno and Zurich ….what a waste of time and money

MZ: I was hoping for an update from Reno by now…and have not gotten one.

MZ: From Banking people….they tell me they were told suddenly to start training more people on foreign currency exchange….I take that as a good thing. They had kept their training to smaller numbers up until not. It would make sense to me now that we are so close….for them to get more people ready to roll.

MZ: The only thing is that I have always been told that the RV is an event driven thing so we need something big to happen and that might just be it

Member: I hear they are showing iraqi’s lower denomination notes

MZ:  I have any reports of cut sheets/samples and discussions of lower denominations….but I have yet to see one in circulation from people on the ground over there..  Folks in finance over there say they are preparing the people and training them….but not released them yet…..That is the key.

Member: Mark I saw an article about Iraq now being able to trade in other currencies international. Don’t they have to be on forex for that ?

Member: !3 banks over there are set up for foreign currency exchanges. Saw an article on that a few days ago.

MZ: Suddenly they are operating  as if they were already in the WTO. And yes…13 of their banks can now take international exchanges. It’s curious and I think tells us how close we are.

Member: Hi Markz. Lots of truthers arguing that people here in the US trying to guess the day this will happen are actually holding it up. I don’t buy that

Member: I don’t think they even care about us…..we are just not that important to them…imo.

Member: Thanks to everyone…..enjoy your evening folks and keep the faith.

CBD Guru’s join the stream tonight . Please listen to replay for their information

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=QivtFwYNf54

Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-3-24

Good Morning Dinar Recaps,

METAPLANET TEAMS UP WITH RIPPLE ALLY SBI TO BOLSTER ITS BITCOIN-BUYING STRATEGY; XRP PLANS NEXT?

Metaplanet, a major Japanese-headquartered prolific Bitcoin (BTC) investor now recognized as a MicroStrategy imitator,” is collaborating with Ripple’s banking partner, the financial conglomerate SBI.

The strategic partnership is aimed at supporting Metaplanet’s ongoing efforts to expand its Bitcoin corporate treasury.

SBI To Provide Metaplanet With Custody And Trading Support
Metaplanet — known as “Japan’s MicroStrategy” on Crypto Twitter — has joined forces with SBI VC Trade, a division of Tokyo-based SBI Holdings.

The collaboration gives Metaplanet access to SBI’s compliant custodial services, designed to prioritize tax efficiency and provide the potential to use Bitcoin as collateral for financing.

This is part of Metaplanet’s broader strategy to engage with industry players in Japan and broaden its financial options.

“This collaboration is part of our ongoing effort to engage with leading industry stakeholders in Japan who support our corporate Bitcoin accumulation strategy,” Metaplanet’s official announcement states.

Tokyo stock exchange listed Metaplanet revealed that as its Bitcoin haul grows, it will continue to explore financial tools that provide greater “financial flexibility.”

Following in the footsteps of Michael Saylor’s MicroStrategy, the largest corporate holder of Bitcoin in the world, Metaplanet’s new main corporate objective is to accumulate as much of the benchmark cryptocurrency as possible. 

The publicly traded firm announced it had adopted BTC as its “core treasury reserve asset” to hedge against Japan’s debt burden and yen volatility. Metaplanet held roughly 360.4 BTC (worth around $20 million) as of August 20.

In its official announcement, SBI VC Trade said it would assist Metaplanet in addressing its Bitcoin accumulation strategy by offering trading and operation support.

“Focused on Bitcoin’s rarity and non-political monetary policy, Metaplanet appointed Bitcoin as a major financial asset and advanced Bitcoin’s accumulation through both debt and equity financing,” SBI VC Trade continued.

XRP Plans In The Pipeline?

Like MicroStrategy, Metaplanet’s focus has so far been on the apex cryptocurrency, Bitcoin. Nevertheless, SBI and Metaplanet’s joint venture has sparked hopes for XRP enthusiasts that their favorite crypto could soon secure a place on the company’s balance sheet.

As you may already know, SBI is one of the XRP community’s most prominent supporters. SBI Group became the first Japan-based corporation to leverage XRP Ledger (XRPL) blockchain supply chain solutions after Ripple forged a partnership with Tokyo-based consulting firm HashKey DX in April to push enterprise blockchain solution use cases in the East Asian country.

Furthermore, SBI’s recent partnership with notable crypto exchange-traded fund (ETF) provider Franklin Templeton also introduced the possibility of a spot XRP product in Japan.

@ Newshounds News™

Source:  ZyCrypto

~~~~~~~~~

SWISS CENTRAL BANK HOLDS 500 BITCOIN; BANK OF NORWAY HOLDS 1,400 BTC

▪️The Swiss and Norwegian central banks gain indirect Bitcoin exposure through significant holdings in MicroStrategy, aligning with a broader trend of institutional Bitcoin adoption.

▪️Norges Bank’s direct and indirect Bitcoin holdings position it as one of the most prominent institutional BTC holders globally, reflecting a growing acceptance of cryptocurrency among traditional financial institutions.

Norges Bank, managing Norway’s Government Pension Fund, holds 1.123 million shares of MicroStrategy (MSTR), while the Swiss National Bank increased its holdings by 60% to 466,000 MSTR shares, equivalent to a hidden stash of about 500 BTC.

This revelation aligns with earlier developments we discussed where Norway and Switzerland’s central banks significantly increased their stakes in MicroStrategy, gaining indirect Bitcoin exposure.

Furthermore, as revealed by Collin Brown’s tweet today, Norway’s Central Bank is also reported to be holding approximately 1,400 BTC through its MSTR investment.

It is worth noting that, MicroStrategy, known as the largest corporate Bitcoin holder with 226,500 BTC, also has shares owned by South Korea’s public pension fund and Mitsui Sumitomo, a leading Japanese insurer.

Despite a recent 3.5% decline in MSTR shares, trading at $131.21, co-founder Michael Saylor highlighted that the company has outperformed nearly all S&P 500 stocks since adopting its Bitcoin strategy.

As of today, CoinMarketCap data shows that Bitcoin is trading at $59,220.35, having surged by 3.27% in the past day with a decrease of 6.26% in the past week.

@ Newshounds News™

Source: Crypto News Flash

~~~~~~~~~

CRYPTO NEWS : ARE S-1 FORMS FAILING CRYPTO? SEC COMMISSIONER SOUNDS THE ALARM!

SEC Commissioner Mark T. Uyeda recently emphasized the need for tailored S-1 registration forms specifically designed for digital asset securities. 

Speaking at Korea Blockchain Week 2024 in Seoul, Uyeda argued that the U.S. SEC should adopt a more flexible approach to regulating digital assets, similar to how it handles other specialized financial products.

Cracking the Code: The S-1 Form and Its Shortcomings

The S-1 form is a crucial document for issuers in the U.S., requiring comprehensive disclosures such as income statements and cash flow statements before introducing a new securities product. 

Uyeda highlighted the inadequacy of the standard S-1 form for digital assets, drawing parallels with registered index-linked annuities, where the SEC already collaborates with product sponsors to develop customized registration requirements.

Crypto’s Regulatory “Catch-22”

Uyeda questioned why the same tailored approach isn’t applied to digital asset securities, arguing that the SEC has the flexibility to create such changes. 

He expressed frustration over the agency’s failure to provide more supportive frameworks for digital asset sponsors, which often leaves them in a regulatory “catch-22.”

This situation arises when the SEC requires disclosures that may not be relevant to digital assets, or when sponsors are unable to comply due to the unique nature of their products.

And it Goes On…

Despite these challenges, Uyeda clarified that the decision to classify a product as a security under federal regulations remains with the issuer.

However, there is ongoing uncertainty about whether cryptocurrencies fall under the SEC’s jurisdiction as securities.

This uncertainty is at the heart of Ripple’s ongoing legal battles with the SEC. Ripple’s Chief Legal Officer, Stuart Alderoty, recently criticized the term “crypto asset security,” calling it a “fabricated term with no legal basis.”

Crypto Reaction

Ripple, along with other companies like Coinbase, has argued that the SEC has not provided clear regulatory guidelines for digital assets. Uyeda’s comments reflect his dissent from the SEC’s decision to deny Coinbase’s rulemaking petition, which sought clarification on what constitutes security in the digital asset space.

Uyeda hopes that either current SEC Chairman Gary Gensler or his successors will recognize the growing regulatory uncertainty around digital assets and take steps toward developing clear legislation or rulemaking.

However, digital assets have not been a priority on the SEC’s regulatory agenda under Gensler, who has the final say on which items are included.

Uyeda’s Stand on Regulations
Looking ahead, Uyeda suggested that the SEC should consider the regulatory approaches of other jurisdictions, including the EU, South Korea, and Japan when shaping future rules for digital assets.

While his term as one of the SEC’s five commissioners extends until June 2028, Uyeda made it clear that his views are personal and do not necessarily represent the stance of the entire agency.

A Countdown to Change Begins, Will the SEC Step Up or Fall Behind? We Wait and Watch!

@ Newshounds News™

Source: Coinpedia

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BRICSX REVOLUTIONIZING GLOBAL FINANCE  |  Youtube

@ Newshounds News™

Source: Currency Facts

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CURRENCY REVALUATION EXPLAINED VND, IQD  |  Youtube

 @ Newshounds News™

Source: Currency Facts

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble
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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-3-24

The Sudanese Advisor Details The Reasons For The Fluctuation Of Gold Prices In Iraq
 
Time: 09/02/2024 Read: 2,665 times  {Economic: Al-Furat News} The financial and economic advisor to the Prime Minister, Mazhar Saleh, said today, Monday, that the  reasons for the fluctuation of the price of gold in Iraq are not internal, but rather global, indicating that
 
the Iraqi government encourages the import of gold because it is a “safe haven” for wealth. 
 
Saleh told {Al-Furat News} agency, “At the state or individual level, gold is historically considered a safe Haven for preserving the purchasing power of wealth, as people keep gold for that purpose and the  
cycle of gold assets between rise and fall is usually slow, and if we take the cycle of assets we find almost gold, As an average, it has a fixed value among other wealth,” he explained, explaining that
“society has historically been accustomed to keeping gold as a tendency to preserve personal wealth.” 

He added, "The state in the modern era reserves part of its external reserves that support the national currency in gold.
 
For example, Iraq reserves about 148 tons of gold, which constitutes 10% of its foreign currency reserves."
 
During last February, Iraq's gold reserves witnessed a noticeable increase, as International Monetary Fund data showed that Iraq had increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.  He continued,
 
"Reserves are a diversified investment portfolio in gold and currencies such as the dollar, euro, pound, yuan, yen, and others," describing
 
this diversity as "based on basic global evidence, and it is not arbitrary." He pointed out,
 
"This evidence was done in agreement with the International Monetary Fund, in terms of the monetary gold ratios that support and are considered a cover for the Iraqi dinar."  He stressed that
 
the global standard for this is 10%, adding that gold “is not easy for quick payments and other transactions, and it is heavy, but
 
it is part of protecting reserves and confronting fluctuations in currency values.”  He stated,
 
 “The cycle of gold assets is slow, so keeping it protects reserves from currency fluctuations, and
 
Iraq is not a maker of the price of gold in global markets, but rather a recipient, because we are not a country that possesses golden wealth, but rather
 
we import gold, so the entry of gold into Iraq is good wealth.”
 
Better than introducing consumable goods that have no value and deplete resources.

Gold is a “precious wealth for the future,” noting that
 
“the gold discovered in the world is approximately 75%, and
 
it is limited and not widespread,
 
so central banks pay to keep a minimum amount of gold.”  He stressed,
 
 “The policy of encouraging the entry of gold into Iraq is to import wealth, and
 
as assets represent good stores of wealth, so the state encourages that and the customs taxes on it are moderate,” indicating that
 
“the gold markets in Iraq depend on two things:
 
     its price in the world and the
     extent to which the dollar rises or falls, and
 
we receive Foreign visas worth the value of gold and the dollar,” he said, adding that
 
encouraging the flow of gold to Iraq “is a good thing.
 
Recently, the price of gold has risen in Iraq, as the price of weights (5 grams) exceeded 500 thousand Iraqi dinars.” 
 
https://alforatnews.iq/news/مستشار-السوداني-يفصل-اسباب-تقلب-اسعار-الذهب-في-العراق   

The Ministerial Council For Economy Holds A Meeting Headed By Fouad Hussein And Issues A Number Of Decisions

Monday 02 September 2024  Economic Number of readings: 123  Baghdad / NINA / The Ministerial Council for the Economy issued a number of decisions regarding residential complexes and groundwater projects in a meeting held today.

A statement by the Ministry of Foreign Affairs stated that Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the twenty-seventh session of the Ministerial Council for the Economy, which was held in the Ministry of Planning building, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture and Trade, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisors for Economic and Legal Affairs.

He discussed the items on its agenda and took the necessary decisions regarding them. "

The Council hosted, according to the statement, the Director General of the Housing Department at the Ministry of Housing and Construction to discuss the issue of stalled residential complexes projects and discuss the best ways to complete those projects.

The Council decided that the Ministry would announce the sale of those residential complexes and calculate the values ​​of the amounts spent as a starting point for competition between investors when submitting their offers."

The Council also hosted the Director General of Planning and Follow-up and the Director General of the General Authority for Groundwater at the Ministry of Water Resources to discuss the issue of the random use of groundwater and organize it.

The Council decided to submit a clear and detailed study on the groundwater map, and to prepare controls and mechanisms for granting approvals for drilling wells in coordination with the Ministries of Agriculture and Industry and Minerals, in addition to including artesian well drilling equipment in the import license after the approval of the sectoral authority.

The Council decided that the Ministry of Water Resources would prepare a detailed study for the projects (Irrigation of Amara and Reclamation of the Middle Tigris).

The Council also hosted the head of the Central Organization for Standardization and Quality Control and the head of the Federation of Iraqi Chambers of Commerce to discuss the implementation of the Council’s decision regarding granting the Iraqi quality mark and the tracking tape for goods (barcode), which has entered into force.

The Council recommended, according to the statement, that the Council of Ministers approve the allocation of an amount of (3) million dollars to secure and update the systems of the Iraqi Depository Center at the Securities Commission.

The Council also decided, based on the request submitted by the Federation of Iraqi Industries, to recommend to the Council of Ministers that the customs duty on ground plastic granules and plastic granules be (0.5%).

The Council approved, according to the statement, the request of the Spanish company Imathia, which is implementing the Basra-Shalamcheh railway line, to provide a performance guarantee of 5% of the contract value within 21 days from the date of signing the contract, based on the instructions for implementing government contracts, and to emphasize to the Ministry of Transport that this line be used exclusively for transporting passengers.

The Council also approved the completion of the project to establish a building for female students’ dormitories at the University of Baghdad, and approved the increase in the total cost of the projects to equip specialized mechanisms for the municipalities of Ramadi and Fallujah, and to establish a water project for government departments in the 7-kilometre area in the city of Ramadi. / End 2 https://ninanews.com/Website/News/Details?key=1151401

Work ban
 
September 02, 2024   It was decided not to allow those whose information is listed in the attached table to work in all licensed ( licensed banks, exchange companies category (A, B), brokerage companies for buying and selling foreign currencies, small and medium enterprise financing companies, financial investment companies, and electronic payment companies ), due to their violation of the controls regulating the work of exchange and brokerage companies. Buying and selling foreign currency No. (1) amended for the year 2022..For more, click here   https://cbi.iq/static/uploads/up/file-172527808018855.pdf
 
https://cbi.iq/news/view/2662

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

More News, Rumors and Opinions Tuesday Afternoon 9-3-2024

TNT:

Tishwash:  Proposal to cancel SWIFT and replace it with relations with the international banking network

US Treasury praises Iraq's progress in monitoring transfers and selling dollars

 The US Treasury Department praised the remarkable progress made by the Central Bank of Iraq in strengthening control procedures over foreign transfers and cash sales of the dollar, while considering that these steps contribute to strengthening financial and economic stability in the country .

Auditing companies

A statement by the bank received by (Al-Zaman) yesterday said that (a high-level negotiating delegation headed by Governor Ali Mohsen Al-Alaq held a series of intensive meetings in New York City, USA, which included discussions with the US Treasury Department and the Federal Reserve Bank, in addition to meetings with a group of companies, including international auditing companies, who praised the major transformations achieved by the Central Bank, represented by the remarkable progress in the procedures for monitoring foreign transfers and cash sales of the dollar currency)

Adding that (this led to improving systems, policies and procedures in accordance with international and local standards, enhancing transparency in covering foreign trade and providing protection for the banking and financial sector from the risks of money laundering, financing terrorism and financial crimes)

And pointed out that (a meeting will be held between bank officials and its international partners by the end of this year regarding the major transformation in ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks, according to the plan developed by this bank, and implemented internationally, which will allow the Central Bank and the Federal Reserve Bank to exercise their supervisory roles Away from the executive procedures

This transformation will have important repercussions on the stability, fluidity and transparency of the country’s foreign trade financing operations,” he continued, adding that “this step will contribute to achieving the required stability in exchange rates, which in turn will lead to enhancing the efficiency of the financial system in Iraq.”

The statement stressed that “the meetings also addressed the mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements for opening their accounts with international correspondent banks, with the aim of enabling them to complete their financial transactions, whether through external transfers in US dollars or other foreign currencies .”

A source had previously revealed an unannounced visit by the Central Bank to the United States of America to discuss developments in the Iraqi banking sector .

Banking sector

The source said in a statement yesterday that (a delegation from the Central Bank, led by Al-Alaq, and a number of general managers, visited the United States of America, since the 26th of last month, to discuss developments in the banking sector and the restrictions on the use of the dollar imposed on a large number of private banks)

And he continued that (the Central Bank delegation discussed canceling the platform at the beginning of next year, and relying on correspondent banks, which will increase the imposition of restrictions on Iraqi private banks, and completely eliminate competition in favor of Jordanian banks that have American correspondent banks), noting that (the Central Bank is close to signing a contract with Oliver Wyman, the consulting company for the Iraqi Development Road, to conduct a study on reforming the Iraqi banking sector, and in order for it to be approved by the bank as a roadmap for reforming the private banking sector ).

The dollar exchange rate rose slightly in the Baghdad and Erbil stock exchanges. Money exchange office owners said yesterday that “dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 149,200 dinars for every hundred dollars.” They added that “selling prices in exchange offices in the local markets in Baghdad stabilized at a selling price of 150,000 dinars, while the purchase price reached 148,000 dinars for every hundred dollars. As for Erbil, the stock exchange does not trade on official holidays, but the dollar recorded a slight increase there .” link

**

Tishwash: More than a trillion dinars in Iraqi customs revenues in half a year

The head of the Iraqi General Customs Authority, Hassan Al-Akeili, revealed on Tuesday that more than one trillion dinars were achieved in revenues during the first half of the current year, indicating that this amount will double by the end of the year.

Al-Akeili told Shafaq News Agency after attending a reception in the House of Representatives, "Today, we attended a reception session in the Parliamentary Finance Committee and reviewed the most important activities of the Customs Authority during the past and current years, most notably the automation project."

He added, "The General Authority of Customs' revenues in 2023 amounted to one trillion and 33 billion dinars, an increase of 28% over the previous year."

He added, "During the first half of this year, the Authority's revenues reached 1.145 trillion dinars, and by the end of the year we will reach the set amount of 2 trillion dinars."

Al-Akeili stressed that, “According to the budget law, the amounts collected from customs are measured annually, and if the amounts achieved by the authority are measured, we are within the acceptable percentage  link

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

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

Militia Man  Back in the old days...when Saddam Hussein was around, when their valuations were out [$3.22], they were valuing based off of what?  Oil.  They didn't have non-oil revenues.  Times have changed.  They need to renew all of that...They've had plenty of time to do research and analysis to...provide an appraisal for the people that need to know the numbers.

Clare   Article:  "Prime Minister's Advisor Announces Increase in Non-Oil Revenues Compared to Previous Years"  Quote: "Saleh...oil revenues (semi-annual) for the year 2023 amounted to 53.88 trillion dinars, while non-oil revenues amounted to nearly 0.42 trillion dinars (during the six months of the same year 2023)," indicating that "oil revenues in the first half of the year 2024 amounted to 58.80 trillion dinars, while non-oil revenues (at the end of the first half of the year 2024) rose to reach 7.18 trillion dinars"

BEWARE Gold and Silver STACKERS! IMMINENT Market Meltdown Coming - Schectman, Rule, Macleod

HTZ Cap:  9-2-2024

In today's episode three financial experts: Alasdair Macleod, Andy Schectman and Rick Rule shared their insights on the latest developments in the commodities market.

https://www.youtube.com/watch?v=MG2bQIx0amk

LIVE! The U.S. DOLLAR DEATH CONTINUES AND THE ECONOMY IS IN RAPID DECLINE.

Greg  Mannarino:  9-3-2024

https://www.youtube.com/watch?v=70ulREIeO2s