Bruce’s Big Call Dinar Intel Thursday Night 10-31-24

Bruce’s Big Call Dinar Intel Thursday Night 10-31-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. it's Thursday October 31st . yes, it's all hallowed eve. and welcome everybody to the big call.  So  before we get started with Sue's teaching tonight. Let's welcome everybody to the call. And let's go ahead and pray the call in. Then we will be thanking everybody that's tuned in all over the globe tonight.

Thank you, Bob for that segment. I love hearing about circulation mat and everything that it can do, and I think everybody enjoys that. And I wouldn't be surprised if you get quite a few phone calls about it tomorrow.

Let's talk about Intel and where we stand right now – This is a great time, and I'm doing the best I can to bring you the latest and newest version of what it is we're looking for. And so it's always exciting when I get something new, and when I want to be able to bring that to you, it excites me, and hopefully it excites you as well. 

Let's just start with a few things we've heard about NESARA and GESARA. And the latest thing we've heard about NESARA and GESARA is that both will start this weekend. Now, will they be announced this weekend? Friday, Saturday or Sunday? It's quite possible we do get some form of announcement we're supposed to start over the weekend, alright - that sounds good –

We are supposed to have tomorrow the introduction of the USN and Sue was referring earlier to Terry, who was keeping up with the UN operational rates and the UN operational rate page, which has been down for a while, but it normally, traditionally comes up on the first day of the month, which would be tomorrow, and brings them the latest rates that are used for the IMF  and UN  and it gives us currency rates for a number of major countries around the world.

 Now it also happens on the first and the 15th of the month. The first is tomorrow  the 15th . Would be two weeks from tomorrow, Friday the 15th, but it is possible, because of what we're looking for, which is a new international rate on the dinar, which is out - we've heard -  it is out and being traded in the Middle East already, but it may be that until we're ready to go, meaning until our notifications come out, it might not appear for two to three days later than tomorrow - you tomorrow, instead of Friday, the first - it could be, you know, the third, fourth, fifth, whatever.

It might not make it on the screens tomorrow. And it used to be that you needed a subscription of some kind to even see that UN operational rate page - it didn't used to be before in the old days, you know, eight and 10 years ago, but more recently, you would have to have a subscription to even get and bring up the UN operational rates. Now. Thank you for tracking that for us Terry  -  so we'll see where that goes.

The other thing is like that the Forex used to be something that was pretty east to pull up and you could see, and you could get an idea of what currencies are trading  -at what values and what volume and so on.

But now you have to have a subscription to it, and unless you're in the business of trading currencies and so on - or one of banks you generally don't have access to the Forex, and even our banks usually don't have it, but they've been trading this going on, and they have rates on the bank screens, and we have them on the redemption center screens that are separate, but they also have those rates as well.

All right. So this is where we believe we are right now. We know that the banks are to receive three distinct emails from Treasury, from Wells Fargo and another sending source, and we know they've received one now these are the bankers that are heads of the of the redemption center, or heads of the banks, both have received their first email  - one yesterday, and the other redemption center, for example, received theirs at 10am this morning.

They are supposed to receive one more of the three emails, email number two this afternoon, we did not get confirmation that occurred -  that would be, theoretically, that would be coming from Treasury. The third one, which should occur sometime tomorrow, should be received - That one should be from Wells Fargo.

So these three emails that are coming in to the bank now, this is to the banks and well also to the redemption centers, are in play right now. They're in process. Number one has happened. Number two should have happened, but I don't have confirmation of it, and number three is supposed to happen tomorrow.

Now, redemption center staffs were on call yesterday and did not go in – today they were all to go in, fully staffed, and my understanding was two of the staff members were in, and one was on standby to come in.

Now we did not get rates today. It wouldn't surprise me if they came in, maybe they had a call, conference call, and maybe they just went home.

I believe that where we stand now with bond holders is bond holders still do not have access to the funds in their respective accounts. They, in a sense, have been paid in the sense that the funds from the transactions of the bonds should be in their accounts. Some of them can see how much they have in their account, but none of them have access to it and can spend that those monies yet, they also are looking for emails to come out, and this is the plan that I've heard today.

They are to receive those emails on the on Saturday or Sunday, and maybe Saturday and Sunday, which would be the weekend that would tell them when they would have access to those funds. It may not give them immediate access, but it will tell them when they would be able to access those funds.

Now to us in tier four, A and B, we're looking forward to receiving our emails, which would have the toll free number in it to call to set our appointments to go in for our exchanges, right --  to the redemption centers, not to the banks, but to the redemption centers. And so we're looking to receive those. The latest I've heard is Sunday or Monday, in which case we might be able to exchange or Wednesday.

So let's back this up. Tuesday is election day, the fifth of November. Wednesday is the sixth. It could be that we get our emails prior to the election and then we win for our redemption. I don't believe it would be on Election Day. --  Personally, I think it would be on Wednesday, the 6th  

So that is sort of yet to be determined. I mean, more information is going to come to me in the early afternoon tomorrow, that doesn’t  help us for tonight, and we're going to get other information from a very high up source on Saturday around lunchtime, that doesn't help us for tonight either.

So let's back this up. Tuesday is election day, the fifth of November. Wednesday is the sixth. It could be that we get our emails prior to the election and then we win for our redemption. I don't believe it would be on Election Day. Personally, I think it would be on Wednesday the 6th .

So I would say early voting is supposed to end sometime tomorrow, probably at five or six o'clock in the evening tomorrow. So go ahead, if you can early vote, and if not, plan on being at your polling place on Tuesday, November, and we'll see what happens, and we'll track that, and we will plan on having on Tuesday. That could be really interesting, wouldn't it?

Let's see if we have a call, we're planning to do it at this point, we'll keep you informed. You know, when we when we're on the call about that and the way the elections go anyway, we'll probably be getting information late into the night Tuesday. So maybe we'll not have a very long call.

Maybe we'll have numbers, and I've been told, if we have that, they do want me to put those out on a live call. If we get them, and we get them in time to put it out on Tuesday or Thursday call, I would do that. I'd be prepared to put that out. So maybe that's the case. I would hope.

So I would hope we would get it before that. Now I don't know what is. What tomorrow is going to bring, other than the start of the US and our currency, and that's the designation states note us and or us new meaning the new dollar could very well be something that we're able to talk about, or maybe we see it, and maybe the UN operational rates reflect the USN.

Personally, don't think that the dinar will show up on the UN operational rate. I think they'll wait we're ready to start before that shows up for us, at least for us to see. So there's still some unanswered questions. Does this happen for us prior to the election on the fifth, or do we get the numbers prior appointments for exchanges to begin on Wednesday the sixth? You know, there are a lot of questions.

We're getting more and more puzzle pieces every day, and some of the pieces are beginning to fit, and some of them are still on the side, looking for other pieces to fit into. It's been a real challenge with the information that's come in, yesterday, today, and what we expect to hear this few days. But I would say this is a great time for us to be part of this and to look forward to all of this.

That's really everything. I think I can share with you guys tonight. Fortunately, I have my phone and I can be so I'm not going to misplace it tonight.

Okay, and I want everybody to have a great weekend. Be kind of halfway through your emails. I don't know how soon they're going to hit you guys told Sunday, so let's see if that's when they happen. I'd love to have them before the fifth. I love to have to know that we're going to start Wednesday. I don't know about Tuesday. Tuesdays in play. I just don't know if they'll do that on election day. I don't know.

They just thank you guys for allowing us to get this information out. Let's see what this is going to be interesting weekend and week coming up.

This is an exciting time for a lot of things to pop in our lives, we look for being good stewards so this thing that's coming and doing the right thing with the funds and helping raise the bar for humanity, level the playing field and help people that need the help, not only in this country, but around the world.

Bruce’s Big Call Dinar Intel Thursday Night 10-31-24  REPLAY LINK  Intel Begins   1:15:45

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Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24  REPLAY LINK  Intel Begins 1:13:23

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Bruce’s Big Call Dinar Intel Thursday Night 10-24-24  REPLAY LINK  Intel Begins   1:13:50

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Bruce’s Big Call Dinar Intel Tuesday Night 10-22-24  REPLAY LINK  Intel Begins 1:15:35

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Bruce’s Big Call Dinar Intel Thursday Night 10-17-24  REPLAY LINK  Intel Begins   1:18:55

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Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24  REPLAY LINK  Intel Begins 1:11:00

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Bruce’s Big Call Dinar Intel Thursday Night 10-10-24  REPLAY LINK  Intel Begins   51:11

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Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24  REPLAY LINK  Intel Begins 1:03:35

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Bruce’s Big Call Dinar Intel Thursday Night 10-3-24  REPLAY LINK  Intel Begins   1:08:08

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Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24  REPLAY LINK  Intel Begins   1:14:45

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Ariel: Ladies and Gentlemen Start Your Engines 10-31-2024

Ariel:  Ladies and Gentlemen Start your Engines  10-31-2024

10-31-2024

Iraqi Dinar Update

Currency Auctions
2025 Budget
New Electronic Cards
New Lower Denominations

The Iraqi News Wire

The volume of currency issued in circulation is approaching 100 trillion dinars.

▪︎ Foreign exchange reserves exceed $100 billion
▪︎ Next year they witness major transformations in the restructuring of government and private banks.
▪︎ The growth rate of the money supply rose from 46 trillion to 100 trillion in two years.
▪︎ External debt does not exceed 20 billion dollars
▪︎ The current inflation rate is 3.8%, which is a typical rate.
▪︎ They have granted licenses to 16 electronic payment companies.

Possible Timeline For New Exchange Rate

End 2024: The Cancellation of currency auctions, which could open the door to a new, stabilized rate.

Early 2025: Potential introduction of a new exchange rate or redenomination, likely with lower denominations in January.

2025 and Beyond: Continued modernization and integration of the Iraqi banking sector, leading to enhanced stability and economic growth, which supports a stronger dinar.

Currency Auctions: The move to phase out currency auctions by the end of 2024 is part of their effort to stabilize the dinar and eliminate rate distortions caused by reliance on auction-based exchange mechanisms. This shift allows them to move toward a direct foreign exchange mechanism, leading to a more controlled, market-based exchange rate that better reflects the true value of the dinar in international markets.

Electronic Payments Infrastructure: The licensing of 16 new electronic payment companies is another critical step in our financial modernization strategy. These companies will play a pivotal role in increasing electronic payment adoption, facilitating both local and international transactions, and bringing Iraq’s banking infrastructure in line with global standards. This adoption is expected to improve financial inclusion and reduce reliance on cash transactions, indirectly supporting a more stable dinar.

New Lower Denominations: Plans to introduce lower denominations, potentially in early 2025, are aligned with the anticipated redenomination strategy. This initiative signals a long-term commitment to strengthening the dinar is said to contribute to easier everyday transactions, reducing inflationary pressure from currency volume in circulation and aligning Iraq’s monetary system with the broader regional and global financial ecosystem.

Iraq’s recent announcement on allowing “Category A” licenses for banks to function as exchange companies is a significant step toward economic growth and stability. With this license, banks can now offer extensive currency exchange services, enabling seamless and large-scale transactions for both individual customers and businesses. No more middle men.

Banks with a Category A license can buy and sell major currencies in high volumes. This isn’t just limited to small exchanges for travel but includes substantial transactions for international business and investment, meaning Iraqi banks can now better support large foreign currency needs. This is important to our investment.

Think about the recent announcements.

• Iraq established a exchange syndicate.
• XRP & XLM became official currencies.
• The 2025 budget was approved.
• They are supposed to select a new parliament speaker today.
• The Dinar is recovering locally. Which is purchasing power.
• The Oil & Gas Sectors signed more contracts.
• The Trade Bank of Iraq is opening new branches.
• The Mosul International Airport was built with international specifications and is 86% complete. (Amazing)

Ladies & Gentlemen Start Your Engines

Why it’s important?

• Resolution of Legislative Stalemate: The speaker’s position had been vacant since November 2023, leading to a legislative impasse. Al-Mashhadani’s election ends this nearly year-long vacuum, enabling the parliament to resume its full legislative functions.

• Facilitation of Critical Legislation: With a functioning parliament, there is renewed potential to address and pass critical laws that have been delayed, such as the Federal Oil and Gas Law. This law is crucial for defining the management and distribution of Iraq’s oil resources, a matter that has been under debate for over 15 years.

• Advancement of Monetary Reforms: A stable legislative environment is essential for implementing monetary reforms aimed at economic stabilization and growth. Al-Mashhadani’s leadership can provide the necessary momentum to enact policies that enhance the financial sector’s efficiency and transparency.

Implications for Iraq’s Future:

The successful passage of the Oil and Gas Law would clarify the roles of federal and regional authorities in resource management, potentially reducing conflicts and attracting foreign investment. Similarly, monetary reforms could lead to a more stable currency and improved economic conditions, benefiting the Iraqi populace.

Source(s):
https://x.com/Prolotario1/status/1852005086739783769
https://x.com/Prolotario1/status/1852090132439994580

https://dinarchronicles.com/2024/10/31/ariel-prolotario1-ladies-and-gentlemen-start-your-engines/

Coffee with MarkZ and Mr. Cottrell. 11/01/2024

Coffee with MarkZ and Mr. Cottrell. 11/01/2024

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 Friday Morning…..hope everyone had a fun Halloween

Member: Welcome to November

Member: Could sure use some RV news today……hopefully good news.

Member: I think Mr C is right RV won’t happen until after election

Member: Is Nov our month Mark?

MZ: unfortunately we blew through Oct without it…..but Nov. sure looks good.

Member: What makes November different from October?

MZ: New cabinet positions in Iraq plus bond money movement and much more

Member: Plus the US elections will be done….so maybe Iraq will feel confident pulling the trigger when they know what administration they will be working with.

​​Member: I believe Al Sudani promised his people the rate would change in 2024

MZ: Sudani said they would end the auctions in 2024 and implied they would increase the purchasing power of the dinar as well….

Member: I hear when the auctions stop- we have our RV

MZ: Exactly.

MZ: In Iraq- It is official. There is a new speaker in Parliament today

MZ: Also in Iraq:  “Sudanese arrives in Turkey on unannounced visit”  To me this one is important. To me this means we are seeing serious progress in the HCL. (Hydro carbon Law) This is a pipeline to Turkey and part of the “Development Road Project” The new future to avoid the Suez canal is to go by land with a land bridge with transfer trucks and going by railroad.  

MZ: This will take them through Iraq, Through Turkey to their ports. There is a large portion of oil sales from Iraq will be going out through a pipeline through Turkey. Most of the oil from the Kurdish region of Iraq already goes through Turkey…So this is an important step for the HCL.

MZ: “ In cooperation with a foreign consultant-Parliamentary Committee announces the attempt to amend the law of the Ministry of Oil” This is more on the HCL

MZ: “Oil products distribute 300,000 fuel card in Kirkuk” I do know that the fuel cards and new system are part of the HCL. Think of it like a government assistance. They set aside a certain portion of oil proceeds for the citizens….They give back to the people. It’s not a handout- but a cut of the oil production.  

Member: I believe Kuwait also gives a portion of oil profits to their citizens

Member: Doesn't Alaska provide its citizens a portion of oil proceeds?

Member: Yes, Alaska residents receive a payout from oil royalties in the form of the annual Permanent Fund Dividend (PFD)

Member: It’s like what the American Indians do with their casino revenue. They share it with their tribe.

MZ: “Economic Reforms in the era of the Sudanese- How have fiscal policies changed in two years” This is a fantastic read for all you folks who think everything is the same and its another Groundhog day.

Member: Will Non Iraqi citizens be able to redeem IQD for increase after revaluation without committing it to direct Iraqi investment?

MZ: Absolutely.  

MZ: On the bond side: Same story and same positivity ….. But I do not think we will see a bond holder with funds until early next week. But, if we see a facilitator with money before that  (which is highly possible) this weekend- we will know it is party time.

Member: Is it possible we could get our notifications before bond holders get their Money

MZ: Absolutely. My guess they start getting paid the same time we get notices to make appointments. It would be too hard to keep things quiet any other way.

Member: A shotgun start makes sense

Members: Others say we get notified anytime after Nov. 6th.

MZ: That is pretty much what the upper echelon in banking are saying now. .

Member: We have been on edge for such a long time waiting for the RV to happen, imagine being a bond holder, seeing your funds on a screen but not having access?

Member: Jeff Rahm last night said we would get 39-50 million for zim but 80% of that would be kept for projects. the 29% we get will be paid out over time.

Member: I always thought Zim might be paid in installments……Im ok with that as long as we get the full amount for the other currencies.

​​Member: When the RV happens will we be exchanging our Dinar for the old fiat dollars then to new currency or will it go straight from Dinar to new currency?

Meber: Wish we knew.

Member: Please stay positive. We are ALL ANXIOUS. Let's support each other.

Meber: Praying there is no violence during this upcoming election week. Everyone stock up and stay safe.

Member: Thanks Mark and Mr. C…..everyone enjoy your Friday.

Mr. Cottrell and CBD Gurus join 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

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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.

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

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New BRICS Financial Frameworks Pave the Way for Global Currency Reset

New BRICS Financial Frameworks Pave the Way for Global Currency Reset

Awake-In-3D    October 30, 2024

Alternative payment platforms, trade partnerships, and currency revaluations: BRICS is paving the way for a new global financial order.

Historical events often evolve in unexpected directions, allowing certain moments to become pivotal in shaping global events. The BRICS summit held in Kazan, Russia, did not immediately rewrite the financial order, but it undoubtedly marked a significant step in the transformation of the global financial landscape.

As the collective influence of BRICS—now expanding with new members—grows, the summit reflected the group’s increasing ambition to challenge Western financial dominance through the creation of alternative financial structures. This movement also signals an impending revaluation of currencies (RV) across multiple regions, aligning with the broader vision of a Global Currency Reset (GCR).

The Kazan summit demonstrated that BRICS, originally composed of Brazil, Russia, India, China, and South Africa, is no longer content with being a mere economic club. With the inclusion of 13 new members from Africa, Latin America, Central Asia, and Southeast Asia, BRICS is transforming into a platform that fosters a new financial framework, one that bypasses the restrictive conditions of the IMF and World Bank. This shift indicates that the BRICS coalition is establishing the foundation for global currency rebalancing, leveraging sovereign payment platforms, trade partnerships, and new financial infrastructures to reduce dependence on the Western-led financial order.

A Long Road to Financial Independence: The Battle Against IMF and World Bank Hegemony

One of the most important outcomes of the Kazan summit was the group’s commitment to wean the Global South off the IMF and World Bank. The BRICS digital investment platform was launched to facilitate funding for developing nations without imposing structural adjustment policies—policies that have long been criticized for perpetuating debt dependency and economic instability. Under the leadership of Dilma Rousseff, the New Development Bank (NDB) aims to offer an alternative financing mechanism that is not tied to Western political agendas.

This financial independence is crucial for nations seeking freedom from the conditionalities attached to IMF loans, which often force governments to adopt austerity measures that stifle economic growth. Additionally, the BRICS grain exchange promises to introduce transparent food trade practices, helping many Global South nations secure their food supply without relying on Western markets or being subject to unilateral sanctions.

However, achieving consensus on these difficult financial matters remains a challenge. The Kazan summit highlighted the complex political dynamics within the group, with Brazil’s veto of Venezuela’s membership drawing criticism from both members and partners. Despite such hurdles, the expansion of BRICS—with countries like Saudi Arabia, Nigeria, and Turkiye expressing serious interest—shows that momentum is building toward the creation of a new financial order and a Global Currency Reset.

The expanded BRICS+ coalition serves as a counterweight to Western financial dominance, opening the door for greater financial cooperation across regions. This is particularly relevant as the coalition pursues alternative currency frameworks, paving the way for currency revaluations (RVs) across multiple countries and supporting the Global Currency Reset.

The New Infrastructure for Global Currency Reset: BRICS Clear and Beyond

The BRICS nations are aware that shifting away from the US dollar’s hegemony will require more than diplomatic declarations. At the Kazan summit, there was significant discussion around BRICS Clear, a sovereign payment system designed to facilitate cross-border transactions using local currencies and digital instruments. This platform aims to reduce the reliance on SWIFT—the international payment network dominated by Western interests—and offers an opportunity for BRICS nations to experiment with currency diversification and gold-backed instruments.

While BRICS Clear and the NDB represent promising steps, the financial restructuring process will not happen overnight. The “UNIT” project—a concept discussed during the summit—envisions the creation of “apolitical money” anchored in a basket of BRICS currencies and gold reserves. Although still in development, such a framework serves as a model for countries seeking to protect their economies from currency volatility and external pressures.

When successfully implemented, these initiatives will initiate currency revaluations (RVs) across the Global South, reflecting the economic realities of a multipolar world rather than the interests of a single reserve currency, in alignment with the Global Currency Reset.

The expansion of BRICS to include strategic players like Saudi Arabia, Turkiye, and Indonesia brings additional financial weight to the coalition. Saudi Arabia, with its vast wealth and influence in the energy sector, could be a key player in stabilizing a new financial order. Russia and China’s mediation of disputes, such as the Ladakh normalization between China and India, also underscores the political cohesion necessary to sustain these financial ambitions.

The connectivity initiatives highlighted during the Kazan summit further demonstrate how geoeconomic integration can facilitate global currency rebalancing. Projects like the Northern Sea Route and the International North-South Transportation Corridor (INSTC) promise to enhance trade flows between Eurasia, Africa, and Asia, offering new pathways for economic cooperation without relying on Western trade routes. This increased connectivity may also facilitate regional currency settlements, strengthening the case for an eventual Global Currency Reset.

Challenges Ahead: Consensus and the Path to 2025

Despite the momentum generated by the Kazan summit, significant challenges remain. Achieving consensus among a diverse group of nations with different economic priorities will require diplomacy and flexibility. The disagreements within the Brazilian government—c****t between Western influence and BRICS ambitions—highlight the internal obstacles that the coalition must navigate.

Looking forward, the Rio G20 summit and Brazil’s BRICS presidency in 2025 will be key moments to assess the coalition’s progress. The timing of the next BRICS summit in July 2025—midway through the year—creates concern about the effectiveness of the group’s agenda-setting. However, a proposal to hold a wrap-up session at the 2025 G20 summit in South Africa could provide a more structured timeline for advancing BRICS’ financial goals.

As the BRICS coalition grows, its ability to reshape the global financial landscape depends on the successful implementation of alternative payment systems, financing platforms, and trade corridors. The Kazan summit demonstrated that the group is serious about moving beyond symbolic declarations toward creating tangible financial alternatives. Yet, the transition to a multipolar currency world will require patience, innovation, and political will.

The Bottom Line: The Emergence of a Global Currency Reset?

The BRICS summit in Kazan did not mark an immediate financial revolution, but it set in motion a process that could reshape the global financial order over the coming years. With new members, alternative payment systems, and expanded trade networks, the BRICS coalition is preparing to challenge the dominance of Western financial institutions. Platforms like BRICS Clear and the NDB demonstrate that currency rebalancing and financial independence are now serious priorities for the coalition.

As the world moves toward a multipolar economic future, the success of BRICS will depend on its ability to maintain unity and create sustainable financial alternatives for its members and partners. If the coalition can overcome internal challenges and continue building on the momentum from Kazan, it is poised to play a leading role in the Global Currency Reset that many have anticipated. For now, the high-speed, multi-nodal train toward a new financial order has left the station—and the Global South is onboard.

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Iraq Economic News and Points To Ponder Friday AM 11-1-24

The Central Bank Publishes Controls For Declaring Funds And Their Entry Or Exit From Iraq
 
October 29, 2024
Baghdad/Iraq Observer
 
Today, Tuesday, the Central Bank of Iraq republished the controls for declaring funds, while indicating that it allows the entry or exit of amounts less than 10 thousand dollars.
 
The bank said in a statement received by “Iraq Observer,” that
 
“in order to reduce the risks of entering and exiting funds across the Iraqi border and exploiting this in money laundering or terrorist financing operations, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2025, and the provisions of Controls No. 1 of 2029.” (Amended to Regulations No. 1 of 2017), the following must be adhered to:

1. It is permitted to enter or take out amounts less than $10,000 (ten thousand US dollars) or its equivalent in other currencies without declaring them.
 
2. It is permitted to enter or withdraw amounts exceeding $10,000 (ten thousand US dollars) to $20,000 (twenty thousand US dollars)

provided that they are declared, with the necessity of showing what supports the purpose of entering or withdrawing these amounts, and
 
in the event that they are not available Identification documents: The traveler must submit an undertaking to bring these documents after (30) days from the date of the declaration.
 
3. It is prohibited to enter or withdraw amounts exceeding $20,000 (twenty thousand US dollars) or its equivalent in other currencies.
 
The process of entering or withdrawing these amounts shall be exclusively through financial institutions.
 
4. It is prohibited to bring in or take out amounts exceeding (1,000,000) dinars (one million Iraqi dinars), even if they have been declared.  The amount will be seized and legal measures will be taken against it.
 
5. Declaration of precious stones and precious metals if their value exceeds (10,000) ten thousand US dollars.
 
6.Declaration of financial instruments that are negotiable to bearer or transferred inside or outside Iraq through a person, postal service, shipping service, or any other means, and whose value exceeds (10,000) Ten thousand US dollars.   
 
https://observeriraq.net/البنك-المركزي-ينشر-ضوابط-التصريح-عن-ال/   

A Call To Establish A Digital Gold Market In Iraq 
 
Economical 10/31/2024
Baghdad: Hussein Thaghab
 
Student economic and financial expert Dr. Saif Al-Halafi established the digital gold market in Iraq, which requires cooperation between the Central Bank of Iraq, the Securities Commission, and the Iraqi Stock Exchange, as
 
it gives Iraqi investors the opportunity to participate in the global gold market, which
 
     attracts additional investments to Iraq, and also
     enhances cooperation between the regime. Iraqi banking and international financial institutions.
 
Al-Halafi said that the Central Bank can issue digital gold bullion in different weights - 1 gram, 10 grams, 100 grams - approved by the government, and
 
these digital bullions can be traded in the Iraq Stock Exchange, in the same way that stocks or bonds are traded.
 
Through the market's financial intermediaries system, investors can buy bullion, using local currencies or converting them into foreign currencies. He added that the
 
market can be linked to global gold prices and currency exchange rates, which enhances transparency and interaction with the global market.
 
A platform similar to the Forex markets can also be used to trade digital gold inside Iraq on the Iraq Stock Exchange, pointing out that
 
gold prices will be determined according to prices. Global exchange of gold and foreign currencies.
 
This will give investors the opportunity to speculate on fluctuations in gold prices and link them to changes in global currency prices, which increases the chances of profit and creates many job opportunities.

Regarding the economic benefits, Al-Halfi said:
 
Through this market, liquidity is withdrawn outside the banking system, and that the
 
digital gold market can act as a tool for withdrawing cash liquidity, and
 
instead of keeping money in banks, investors may prefer to buy digital gold, which is a safe asset that maintains its value.
 
It
     protects the investor's money from high inflation rates,
     reduces the money supply, and this is the goal and
     limits inflation.  He pointed out that the
 
digital gold market contributes to diversifying the Iraqi economy, away from traditional dependence on oil.
 
The market can be a platform for encouraging financial innovation and developing new investment tools, especially exploiting the opportunities for Al-Faw Port to enter work next year, and the large base it provides for investors. Especially individuals and companies, as well as the goal we seek through development.  He warned that
 
creating a digital gold market requires a
 
     strong technical infrastructure, including
     secure electronic platforms and
     clear regulatory laws to protect the rights of investors, and
 
this will increase job opportunities, the ability to diversify and innovate, and the emergence of a startup culture.  Al-Halafi explained that the
 
digital gold markets aim to enhance transparency and ease in trading gold, and provide investors with a real opportunity to work, trade, and speculate on gold prices without the need to own actual gold, and
 
when the investor wants to convert gold into bullion or jewelry, these foundations allow him to convert digital gold into bullion.
 
With the payment of mining and goldsmithing amounts, all of these products create real and comprehensive investment job opportunities, which creates and enhances a flexible and innovative investment environment in Iraq.
 
Gold is one of the financial assets that has always been a safe haven for investors, especially in periods of economic, political and regional turmoil.
 
Here, with the global digital and financial development, new markets have emerged for digital gold trade,
 
where gold can be easily bought and sold through electronic platforms, in light of these developments,
 
It is possible to create a market for digital gold trade in Iraq, especially with the government’s tendency to establish digital banks and strengthen electronic payment systems, especially the use of electronic payment cards.       https://alsabaah.iq/105123-.html   

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

Seeds of Wisdom RV and Economic Updates Friday Morning 11-1-24

Good Morning Dinar Recaps,

UBS ISSUES TOKENIZED USD MONEY MARKET FUND USING ETHEREUM TECH

Today UBS Asset Management announced the launch of its “UBS USD Money Market Investment Fund Token” (“uMINT”) which is “built on Ethereum distributed ledger technology”.

The Singapore fund will only be available through authorized distribution partners. That’s the case for most regulated entities, including BlackRock’s BUIDL money market fund where Securitize is a partner.

Previously UBS has actively engaged with the public Ethereum blockchain, using tokens that require permissions. However, Ethereum technology is also available in private environments. UBS uses both as part of UBS Tokenize, hence we’ve requested clarification, although the fund likely uses public blockchain.

71161633/DNARCPS_dinarrecaps/blog_posts_karen -->

“We have seen growing investor appetite for tokenized financial assets across asset classes,” said Thomas Kaegi, Co-Head of UBS Asset Management APAC. “Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.”

Tokenized money market funds such as BUIDL, Franklin Templeton’s FOBXX, and now uMINT, currently mainly target the crypto investor class. The funds provide a safe place to park cash and earn yield.

However, in the future there will be a broader demand for these sorts of funds, especially those that are transferrable, enabling the ability to switch in and out of the funds almost instantly. 

That compares to typical funds that tend to have once a day redemptions. This feature is appealing beyond crypto investors to corporate treasurers and institutions.

UBS and tokenization
Meanwhile, UBS Asset Management has been active in tokenization for some time. Last year UBS Hong Kong worked with Bank of China Investment (BOCI) for BOCI’s issuance of CNH 200 million ($28m) in digital structured notes on the Ethereum public blockchain.

As part of Singapore’s Project Guardian initiative, UBS has engaged in several pilots. These included the pilot issuance of a tokenized money market fund by UBS Asset Management on the Ethereum blockchain using a Singapore variable capital company (VCC) structure.

Plus, the bank was involved in the first institutional cross border repo trade on a public blockchain in conjunction with DBS and SBI Digital Asset Holdings.

UBS is also engaged in tokenized cash. It was one of the founders of Fnality, the institutional settlement network that tokenizes balances held at a central bank account.

@ Newshounds News™

Source:  Ledger Insight

~~~~~~~~~

BIS DISTANCES FROM PROJECT MBRIDGE AMID BRICS SANCTIONS CONCERNS

Economic sanctions have a profound effect on international financial architecture, it turns out.

The Bank for International Settlements (BIS) has “graduated out” of Project mBridge, the wholesale central bank digital currencies (CBDCs) bridge its Innovation Hub has helped develop since 2021. Nonetheless, the project is many years away from becoming operational, BIS general manager Augustín Carstens said on Oct. 31.

Project mBridge, which uses technology developed by the Hyperledger Foundation, reached the status of minimum viable product and invited private sector participation in June. Banks in China and the United Arab Emirates have heeded the call to join.

Besides the BIS, founding members of the project include the central monetary authorities of China, Hong Kong, Thailand and the UAE. Saudi Arabia joined as a full member in June, and the project has over 25 observing members.

BIS insists it backs sanctions
The reason for Carstens’ eagerness to distance his organization from such a promising project and downplay its significance was obvious at the fireside chat at the Santander International Banking Conference where Carstens was speaking. He was asked:

“I have noted media speculation recently that one of your projects — Project mBridge — could provide the basis for a BRICS initiative to circumvent sanctions. Is that plausible?”

“With respect to political aspects, the noise out there, mBridge is not the ‘BRICS bridge’ — I have to say that categorically,” Carstens answered.

Rather, mBridge was designed to meet the needs of central banks. But Carstens did not say circumventing sanctions with Project mBridge was implausible. Instead:

“The BIS does not operate with any countries, nor can its products be used by any countries that are subject to sanctions […] And all central bank members are in this mindset.”

BRICS — the intergovernmental organization named for founding members Brazil, Russia, India, China and South Africa — has been discussing de-dollarization for years. In that time, Iran, Egypt, Ethiopia, Saudi Arabia and the UAE have joined it, meaning that BRICS and Project mBridge share nearly half their members.

BRICS has long promoted efforts toward de-dollarization of the international financial system. While it has had little success so far in reaching that goal, the emphasis on alternative currency options shown at the group’s summit in Kazan, Russia, earlier in October made international observers shudder.

Reconsidering international transfers
The appeal of Project mBridge for potential sanctions evaders is its circumvention of the correspondent banking system, which is the practical mechanism for imposing sanctions.

Carstens was eager to direct attention to another BIS undertaking — Project Agora — that could provide a basis for the “Finternet” concept of international financial architecture he introduced in April.

The Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York are the participants in Project Agora — no BRICS members. Crucially, Project Agora maintains the correspondent banking system.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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 Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Friday AM 11-1-2024

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 Fri. 1 Nov. 2024

Compiled Fri. 1 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 31 Oct. Wolverine: “It’s time to go. It’s about here. Maybe within 24 hours. I heard from a Paymaster that’s it’s not as easy as it appears. There’s a lot of work to make it go.”

Wed. 30 Oct. 2024 FRANK-INFORMADOR The Whales: The Main Leaders of All Countries have been called to receive THE PAYMENTS AND TRAINING. These, in turn; will train and notify the payments to all Group and Social Leaders; These, will be made through traditional banking in their accounts within the QFS System. Thank you very much. We appreciate your patience.

Thurs. 31 Oct. Bruce:

This weekend NESARA/GESARA should start.

On Fri. 1 Nov. the USTN should be gold backed and our official currency.

The International Rate on the Dinar is (allegedly) out and trading in the Middle East. It might not make it on the screen tomorrow, perhaps by next Wed. 6 Nov.

The Banks are to receive three emails: one from the US Treasury, one from Wells Fargo and one from another source. Most have received their first email. They will receive the second from the US Treasury this afternoon. The third one will (allegedly) occur tomorrow Fri. 1 Nov. from Wells Fargo.

Some Redemption Center staff went in today Thurs. 31 Oct.

Bond Holders do not yet have access to their accounts. They are looking for emails to come out on Sat. or Sun Nov. 2, 3. Those emails will tell them when they can receive access to those funds.

Tier 4B (us, the Internet Group) is looking to receive emails for appointments at the Redemption Center Sun or Mon. Tues is Election Day. We could exchange by next Wed. 6 Nov.

Global arrests should be complete by Sat. 2 Nov. The Elite arrests in the US should complete on Fri. 1 Nov.

~~~~~~~~~~

Global Financial Crisis:

Thurs. 31 Oct. 2024: $953 billion was wiped out from the US stock market today.

Read full post here:  https://dinarchronicles.com/2024/11/01/restored-republic-via-a-gcr-update-as-of-november-1-2024/

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

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

Walkingstick  [Iraqi Bank Manager Friend Aki Update]  They are about to open many hundreds of ATM exchange enters outside of Iraqi borders.  We call them currency exchange centers.  Aki owns 90 of these centers.  It is not him by himself.  Aki is part of a conglomerate.  His business partners, there's 18 of them, they own 90 of these 'currency exchange centers' around the world.  The exchange centers are under the control of the GOI and CBI.  They both control the exchange rate of the Iraqi dinar.

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  They talked about about the deletion of the zeros project on the television today.  FRANK: The monetary reform education is very loud.  It's coming to you at an increased speed.  So much is being thrown a you to prepare you.  Again, I strongly feel this year not next year.  I don't want to exaggerate but it's almost to the point that every day they are explaining to you Iraqi citizens why that are lifting the three zeros to give you purchasing power to your currency. This is a dream come true.

GOLD... CENTRAL BANKS ARE BUYING ALL OF IT! AND THAT SHOULD TELL YOU SOMETHING.

Greg Mannarino:  10-31-2024

https://www.youtube.com/watch?v=SLLcoX9vmR8

This Is EXACTLY How The 2008 Crash Started

Lynette Zang:  10-31-2024

Today we are going over another bank failure, what it means for you and your money, and why it's scary close to what happened in 2008.

https://www.youtube.com/watch?v=YHNy3Sku41o

“Tidbits From TNT” Friday Morning 11-1-2024

TNT:

Tishwash:  The CEO of the Iraq Stock Exchange has been relieved of his post.

The Iraq Stock Exchange announced on Thursday the dismissal of the market's CEO, Taha Ahmed Abdul Salam, from his position.

The market said in a statement, seen by "Al-Eqtisad News", that the market's CEO, Taha Ahmed Abdul Salam, was dismissed from his position today, Thursday.

It added that "the head of the Securities Commission, Faisal Al-Haimus, was also chosen to replace Abdul Salam."   link

Tishwash:  In cooperation with a foreign advisor.. A parliamentary committee announces its efforts to amend the Oil Ministry Law

The Parliamentary Oil and Gas Committee announced today, Friday, a move to amend the Ministry of Oil Law 101 of 1976, while indicating that the draft will be presented to the Council of Ministers soon.

MP Basem Naghmish, a member of the Oil and Gas Committee, said: “A subcommittee was formed within the Oil and Gas Committee to review the legislation related to the oil sector, and it was called the “Oil Legislation Committee”.
He explained that “the committee is working to review several laws, with the aim of amending them to suit the current requirements of the oil sector”, indicating that “among these laws is the Oil Ministry Organization Law No. (101) of 1976, which is considered an old law that was amended about three times, the last of which was in 1982”.

He added that “the ministry witnessed many technological and administrative developments during the period after 2003, as the work of the Oil Ministry expanded and formations multiplied, in addition to the creation of some formations”.

He pointed out that “the draft to amend the law is still in the preparation phase, and cooperation is being done with a foreign consultant contracted with the ministry to provide his comments, and then the draft will be submitted to the Council of Ministers and to the advisors, and then to the State Council, in order to study the extent of its consistency with the legal system in the country”.

He continued: “After that, the draft will return to the Council of Ministers and then to House of Representatives to complete legislative procedures  link

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

Tishwash:  Al-Sudani congratulates Al-Mashhadani: We renew the legal and constitutional commitment to support the oversight role of the House of Representatives

Prime Minister Mohammed Shia Al-Sudani congratulated Mahmoud Al-Mashhadani on his election as Speaker of Parliament today, Thursday.

Al-Sudani said in a tweet on the {X} platform: “I extend my congratulations to Mahmoud Al-Mashhadani on the occasion of his election as Speaker of the House of Representatives. I also congratulate the members of the Council and all national political forces for their decision on this important constitutional entitlement, in a step that serves to complete the service of our people, which is a goal that the government has adopted as a slogan since the beginning of its work.”

He added, "On this occasion, the government affirms its determination to continue implementing its government service development programme, in full cooperation with the constitutional authorities, foremost of which is the legislative and oversight authority, represented by the House of Representatives."

Al-Sudani renewed "the legal and constitutional commitment to support the oversight role of the House of Representatives, which complements the work of the government and consolidates its performance in its priorities, by combating corruption and implementing the required reforms," ​​concluding, "We ask God Almighty for success and guidance for the Speaker of the House of Representatives and the esteemed Council in performing its duties, and everything that our honorable people await."  link

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

Tishwash:  Al-Sudani's advisor identifies 3 priorities for the Iraqi economy: We are working on a new approach

 The Prime Minister's Representative, Technical Advisor and Head of the Sovereign Loans Initiative, Mohammed Sahib Al-Daraji, confirmed today, Thursday, that the private sector is a fundamental pillar in the government's new economic plan, while pointing to the government's efforts to reduce the transfer of hard currency and support national projects.

Al-Daraji said in a speech during the first Iraqi Economic Forum that "the Iraqi government has begun taking real steps to support the Iraqi economy, as it has changed the philosophy of the economy that suffered from a lack of clarity in the economic vision for more than twenty years."

He pointed out that "the government is working on a new approach that considers the private sector a fundamental pillar and seeks to integrate its outputs into the national product," noting that "the government provides special support to the investment and business environment sectors, as it seeks to separate direct investment and provide an appropriate environment for the private sector to participate in projects. The government also encourages partnerships with foreign companies to demonstrate developments in the customs and tax system, such as unifying taxes and customs tariffs across regions, and exempting foreign companies from some special taxes."

He pointed out that "Iraq has begun to guarantee the private sector before international financial institutions through the Sovereign Guarantees Initiative, and has moved towards establishing an international market for carbon bonds to support project financing."

He pointed out the "three priorities of the Iraqi economy: localizing industries, integrating with global financial institutions, and developing competencies for the public and private sectors," adding that "the Iraqi market is open to global companies, especially in the construction and clean energy sectors, and that there is a trend to support the private sector through new legislation such as laws to protect intellectual property and partnerships between the public and private sectors."

He added, "The government supports the economy based on partnership with the private sector, with a focus on reducing the transfer of hard currency abroad.

He expressed his "hope that these conferences will produce outcomes that support the current government's orientations, which is the most attentive to the private sector and the most involved in decisions," noting "the presence of representatives from the private sector on the Development Fund's Board of Directors and within the Prime Minister's official delegations as a message of support for businessmen."  link

Mot .. Ooooooh Nooooooo -- Better Get Ready!!!!! 

Mot ....... Let the Truth Be Known!!! 

Iraq Economic News and Points To Ponder Thursday Evening 10-31-24

Iraq Economic News and Points To Ponder Thursday Evening 10-30-24

Central Bank Governor: Qusay Saddam Seized $900 Million And Loaded It In Trucks In 2003

Posted on  2024-10-31 by sotaliraq   The Governor of the Central Bank, Ali Al-Alaq, said that the lessons are now sufficient for the state to move towards setting a “strict and conservative” oil price in the general budget, to avoid the pressure of declining crude prices,

calling for the enactment of a law that sets the size of spending with a specific oil ceiling to ensure its coverage on the one hand, and to ensure the financing of investment projects on the other hand, noting that the three-year budget needs some new tables and amendments in line with the variables of oil prices.

Ali Al-Alaq, in a dialogue during the Merry Forum:

The role of the Central Bank cannot be reduced to the currency selling window and some marginal tasks. It is a fundamental pillar of economic and financial stability in the country. Here we must highlight a number of achievements since 2004 until today, the most important of which is maintaining the general price level, meaning the ability to manage the monetary mass in Iraq, in a way that does not lead to inflation or deflation.

After 2003, we inherited an abnormal situation devoid of any real basis for stability. Our reserves that year were $900 million, and they were seized by Qusay Saddam Hussein and loaded onto a truck. This is documented by dates and numbers.

 So we started from scratch. The money supply in circulation was only 4 trillion dinars. Today, the volume in circulation exceeds 100 trillion dinars, and our reserves have exceeded 100 billion dollars.

The inflation rate today is 3.8%, which is a typical rate that achieves stability and prosperity. It is an indicator of our ability to manage a monetary mass exceeding 104 trillion dinars, which does not allow pressure on purchasing power, and this is considered the most important factor in monetary and economic stability.

We have an additional mission, as we have to introduce all the tools, systems and entities that we have failed to catch up with the world with during the previous decades, and therefore there is a race against time to move towards the digital economy and advanced payment systems, as we have licensed 16 companies for electronic payment, and we are currently working on licensing digital banks, in addition to achieving advanced stages in establishing a national company for managing payments, and the Central Bank will be a partner in it to enhance it with sufficient support.

As for the reform dimension, we are currently working on two plans to reform government and private banks, which will lead to their restructuring in a way that ensures transparency, governance, and ownership structure in appropriate ways, to be consistent with international standards.

The last dimension of our work, which is not practiced by most central banks in the world, is that we work to stimulate the economy directly through lending initiatives to various sectors.

The volume of loans granted to the construction and industrial sectors has reached more than 13 trillion dinars, an amount that exceeds what has been lent throughout the history of the Iraqi state.

In addition, we have sought to launch initiatives to lend to small and micro-enterprises, and we have reached advanced stages of establishing a bank specialized in this initiative, and we have named it “Riyada” Bank.

71161633/DNARCPS_dinarrecaps/blog_posts_karen -->

We noticed that the inflation rate in 2023 was 7.5%, as the volume of issued currency jumped from 40 trillion to 100 trillion dinars, meaning that it increased in two years by an amount equivalent to its increase in the previous 18 years, and therefore we decided to withdraw part of the cash liquidity by raising the interest rate and attracting trillions of dinars from the market, although this measure is costly, but the Central Bank does not base its policies on profit and loss, but rather on the basis of performing its main function of controlling the market.

The increase in public debt is a result of the budget deficit, which is the result of increasing spending without increasing revenue. Over time, spending has become inflexible and cannot be reduced, such as the salary bill and others, and this causes a structural imbalance in the Iraqi economy.

The idea of ​​the three-year budget is in effect in many countries of the world, and we decided to move towards it in order to ensure stable implementation, although it requires the issuance of some tables and amendments to address some variables, such as oil prices, for example.

The fiscal year will end and the oil price rate remains within our estimates in the budget, but the lessons have become sufficient for us to set a conservative oil price so that the state does not face economic pressure with the fluctuations of the global oil market.

Therefore, a law must be passed that sets the share of expenditures from oil revenues with a certain ceiling, in order to ensure that it is covered on the one hand, and to ensure that the financing of investment projects that are exposed to blows with every drop in oil prices is not disrupted in order to cover the expenditure ceiling.   LINK

Central Bank Governor Reveals Important Figures About Iraq's Economy And Foreign Reserves

Time: 2024/10/30  Read: 3,848 times    {Economic: Al Furat News} The Governor of the Central Bank of Iraq revealed important figures about the Iraqi economy and its foreign currency reserves.

Ali Al-Alaq said during his participation in the Middle East Forum 2024 (Miri) session in Erbil, that "the volume of currency issued in circulation is approaching 100 trillion dinars," indicating that "the foreign currency reserve exceeds 100 billion dollars."

He explained that "next year will witness major transformations in the restructuring of government and private banks."

He pointed out that "the growth rate of the money supply rose from 46 trillion to 100 trillion within two years," noting that "the external debt does not exceed 20 billion dollars." LINK

Al-Raqqa confirmed that "the inflation rate currently stands at 3.8%, which is a typical rate," revealing that "the Central Bank has granted a license to 16 electronic payment companies." 

Central Bank Governor Reveals Important Figures About Iraq's Economy And Foreign Reserves

Time: 2024/10/30 20:14:47 Read: 3,848 times

{Economic: Al Furat News} The Governor of the Central Bank of Iraq revealed important figures about the Iraqi economy and its foreign currency reserves.

Ali Al-Alaq said during his participation in the Middle East Forum 2024 (Miri) session in Erbil, that "the volume of currency issued in circulation is approaching 100 trillion dinars," indicating that "the foreign currency reserve exceeds 100 billion dollars."

He explained that "next year will witness major transformations in the restructuring of government and private banks."

He pointed out that "the growth rate of the money supply rose from 46 trillion to 100 trillion within two years," noting that "the external debt does not exceed 20 billion dollars."

Al-Raqqa confirmed that "the inflation rate currently stands at 3.8%, which is a typical rate," revealing that "the Central Bank has granted a license to 16 electronic payment companies."    LINK

The Iraqi Market Trades Shares Worth More Than 17 Billion Dinars In A Week

Thursday 31 October 2024 14:40 | Economic Number of readings: 126   Baghdad / NINA / The Iraq Stock Exchange announced that the value of shares traded during the five sessions it organized this week, which is about to end, amounted to more than 17 billion dinars.

According to the recorded indicators, the number of shares traded during this week amounted to more than 8 billion shares, with a value of more than (17) billion dinars.

The ISX60 market trading index closed for the first session of the week at (1000.26) points, while the index closed at the end of the week at (1044.30) points, achieving an increase of (4.22%) over its closing at the beginning of the session.

The ISX15 market trading index closed for the first session of the week at (1073.47) points, while the index closed at the end of the week at (1116.07) points, achieving an increase of (3.82%) over its closing at the beginning of the session.

During the week, (6550) buy and sell contracts were executed on the shares of companies listed on the market. / End7    https://ninanews.com/Website/News/Details?key=1165401

US Elections And Iraq.. Official Comment On The Shape Of The Upcoming Relationship With The New President

Time: 2024/10/31 Read: 1,950 times   {Politics: Al Furat News} Iraq does not hide its pursuit of a new phase of strategic relations with the United States of America, focusing more on politics, economics and energy, after having focused for many years on the security and military fields.

Positions in Iraq vary between the official position, which sees that relations are heading for the better, and the position of experts and observers who believe that the next administration, whether Republican or Democratic, will use the "principle of force" in its policy with Iraq.

Farhad Alaeddin, the Prime Minister's advisor for foreign relations, says: "Regardless of the outcome of the upcoming US elections, relations between Iraq and the United States will remain governed by the Strategic Framework Agreement, common interests, and cooperation in the areas of security, energy, economic investments, and cultural exchange."

He points to "the importance of Iraq as a center of stability in the region, for the role it plays in achieving regional balances and stability."

On October 27, Foreign Minister Fuad Hussein, while chairing the regular meeting of the Higher Coordination Committee for the Strategic Framework Agreement between Baghdad and Washington, stressed the importance of strengthening relations with America and moving towards a solid economic partnership.

Hussein stressed the need not to focus on military and security aspects only, but rather to expand cooperation to include economic, health, educational, and environmental fields.

Relations between Baghdad and Washington have focused over the past two decades on military, security and counter-terrorism aspects, due to the conditions that Iraq was experiencing, but they are seeking to expand them to include other areas.

Iraqi-American relations are subject to the Strategic Framework Agreement that Iraq signed with the United States in 2008, and the two sides began implementing its provisions in 2009. The agreement includes 11 articles covering the diplomatic, political, security, economic and cultural fields, and stipulates long-term relations between the two countries based on the principle of equality in sovereignty, rights and common interests.   LINK

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 10-31-24

Good Evening Dinar Recaps,

HEDERA WELCOMES NAIROBI SECURITIES EXCHANGE TO GOVERNING COUNCIL, ACCELERATING SECURITIES TOKENIZATION IN AFRICA

▪️The Nairobi Securities Exchange (NSE) has joined the Hedera Governing Council to advance tokenization in Kenya’s capital markets, a significant move for both the local economy and the broader African financial landscape.

▪️By joining the Hedera Council, the NSE will provide African investors with access to innovative digital assets and financial products.

Nairobi Securities Exchange (NSE), the best-performing market in Africa has joined the decentralized Hedera Governing Council, the organization behind Hedera Hashgraph, in a bid to expedite the adoption of tokenized securities within Kenya’s capital markets. As the 32nd member of the Hedera Council, the NSE joins a global network that includes companies like Google, IBM, and LG, which oversee Hedera’s governance.

According to the Morgan Stanley Capital International (MSCI) ranking, the NSE earned the title of Africa’s top-performing market in the first nine months of 2024. This displays the strong trust investors have in it. Furthermore, this reward showcases how the NSE is the cornerstone of prosperity to Kenya’s economic progress.

Here’s How Hedera Will Transform Digital Finance in Africa
As a key part of this alliance, the NSE brings digital and tokenized assets directly into the mainstream. For context, Tokenization is the process of converting real assets like stocks, bonds, and commodities into digital tokens on a blockchain. This collaboration also aims to modernize Africa’s financial markets by using Hedera’s advanced Distributed Ledger Technology (DLT). Hedera’s DLT allows multiple members to maintain their own identical copy of a shared ledger.

Through Hedera’s Hashgraph Consensus, created by Leemon Baird, co-founder and chief scientist of Hedera the NSE will have several benefits. This includes Secure, real-time, and low-cost payment settlement allowing users to transact using their preferred cryptocurrency. Additionally, it offers decentralized, scalable, and publicly verifiable data logs ensuring that all transactions and activities can be audited and verified without relying on a central authority.

The mechanism allows the network to achieve an impressive throughput of over 10,000 transactions per second. This is achieved by utilizing a unique algorithm that emphasizes speed and efficiency.

Hedera is continually expanding its ecosystem, offering a range of applications and developer tools. Recently, Hedera integrated LayerZero (ZRO), a technology that enables applications to move data across blockchains, into its network to enhance the Hedera Token Service (HTS). This will significantly boost the NSE’s offerings by making the exchange a hub for digital asset trading.

Bill Miller, Co-Chair of the Membership Committee for Hedera, highlighted in the report that the NSE possesses expertise and strong foundations in Africa. As one of the largest economies in Sub-Saharan Africa, Kenya offers an opportunity to accelerate the adoption of digital assets.

With a market capitalization of about $12.65 billion, daily transaction volumes exceeding $100 million, and 63 listed companies across 11 sectors, the NSE provides an ideal foundation for enhancing global capital markets.

Hedera’s advanced technology will enable the NSE to enhance global liquidity and improve access to financial services for African investors, while also strengthening its presence in the digital asset space.

@ Newshounds News™

Source:  Crypto News Flash

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U.S. TREASURY REPORT PROPOSES CBDC REPLACEMENT FOR PRIVATE STABLECOINS

The U.S. Treasury Department has recommended replacing private stablecoins with government-issued CBDCs, citing concerns about the $120 billion in Treasury bills held as stablecoin collateral and potential market risks.

▪️U.S. Treasury released report suggesting stablecoins should be replaced by CBDCs

▪️Treasury estimates $120B in T-bills bought by stablecoin issuers, with Tether holding $81B

▪️Report warns of potential “fire-sale” risk if major stablecoins collapse

▪️Over 80% of crypto transactions involve stablecoins, with USDT leading in trading volume

▪️Trump opposes CBDCs but his project World Liberty Financial plans to launch a stablecoin

The U.S. Treasury Department has called for the eventual replacement of private stablecoins with government-issued central bank digital currency (CBDC) in a detailed report released Wednesday.

The report highlights mounting concerns over the stablecoin market’s growing influence in the U.S. Treasury bills market.

According to the Treasury’s Office of Debt Management, stablecoin issuers now hold approximately $120 billion worth of Treasury bills as collateral.

Tether, the company behind the USDT stablecoin, accounts for $81 billion of these holdings, making it a major player in the T-bills market.

The 132-page report draws parallels between the current stablecoin landscape and the “wildcat” banking era of the 1800s, when private banks issued their own currencies.

The Treasury suggests that just as government-backed money replaced those private currencies, CBDCs should take over the role currently played by stablecoins in digital transactions.

Stablecoins have become essential to cryptocurrency markets, serving as a bridge between traditional and digital finance.

The Treasury estimates that these digital assets are involved in more than 80% of all crypto transactions. USDT, the largest stablecoin by market volume, processed $53 billion in trades within a 24-hour period.

The report expresses particular concern about the risk of stablecoin depegging events, where these digital currencies lose their intended one-to-one relationship with the U.S. dollar. Several such incidents have occurred in recent years, raising alarm bells about market stability.

The Treasury’s primary worry centers on the possibility of a “fire-sale” scenario. If a major stablecoin issuer like Tether were to face a crisis, it might need to quickly sell its T-bill holdings, potentially disrupting the broader Treasury securities market.

While stablecoin advocates argue that these products enhance dollar dominance by increasing demand for Treasury bills, the report indicates that the Treasury views this relationship differently.

The department suggests that the growing interconnection between stablecoins and traditional financial markets through T-bill holdings poses unnecessary risks.

The political landscape surrounding digital currencies has grown increasingly complex. Several Republican lawmakers have voiced opposition to CBDCs, labeling them as potential tools for government overreach.

Former President Donald Trump has been particularly vocal in his criticism, promising to block CBDC development if reelected.

However, the situation has additional layers of complexity. Trump’s own crypto project, World Liberty Financial, which recently raised $14 million, is reportedly developing a stablecoin.

This project’s team has promoted private stablecoins as a way to support T-bill purchases and strengthen dollar supremacy.

The Treasury report acknowledges that stablecoins currently represent a relatively small portion of the overall T-bills market. However, it warns that continued growth could increase the risk of market disruptions if stablecoin-related instability occurs.

The document provides detailed data about the current state of stablecoin holdings. Beyond Tether’s $81 billion position, other stablecoin issuers collectively hold tens of billions in Treasury securities as backing for their digital currencies.

The report examines various stablecoin failures and depegging events from recent years, using these incidents to support its argument for transitioning to CBDCs.

These examples serve as cautionary tales about the potential risks of allowing private digital currencies to become too deeply embedded in the financial system.

Trading volume statistics included in the report underscore the growing importance of stablecoins in crypto markets. The data shows that stablecoin trading volumes often exceed those of traditional cryptocurrencies like Bitcoin.

@ Newshounds News™

Source:  Blockonomi

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🌱 KIM CLEMENTS SAW THE NEXT 2024 NOV. 2024  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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More News, Rumors and Opinions Thursday PM 10-31-2024

KTFA:

Clare:  Al-Sudani's advisor identifies 3 priorities for the Iraqi economy: We are working on a new approach

10/31/2024- Baghdad

The Prime Minister's Representative, Technical Advisor and Head of the Sovereign Loans Initiative, Mohammed Sahib Al-Daraji, confirmed today, Thursday, that the private sector is a fundamental pillar in the government's new economic plan, while pointing to the government's efforts to reduce the transfer of hard currency and support national projects.

Al-Daraji said in a speech during the first Iraqi Economic Forum that "the Iraqi government has begun taking real steps to support the Iraqi economy, as it has changed the philosophy of the economy that suffered from a lack of clarity in the economic vision for more than twenty years."

He pointed out that "the government is working on a new approach that considers the private sector a fundamental pillar and seeks to integrate its outputs into the national product," noting that "the government provides special support to the investment and business environment sectors, as it seeks to separate direct investment and provide an appropriate environment for the private sector to participate in projects. The government also encourages partnerships with foreign companies to demonstrate developments in the customs and tax system, such as unifying taxes and customs tariffs across regions, and exempting foreign companies from some special taxes."

He pointed out that "Iraq has begun to guarantee the private sector before international financial institutions through the Sovereign Guarantees Initiative, and has moved towards establishing an international market for carbon bonds to support project financing."

He pointed out the "three priorities of the Iraqi economy: localizing industries, integrating with global financial institutions, and developing competencies for the public and private sectors," adding that "the Iraqi market is open to global companies, especially in the construction and clean energy sectors, and that there is a trend to support the private sector through new legislation such as laws to protect intellectual property and partnerships between the public and private sectors."

He added, "The government supports the economy based on partnership with the private sector, with a focus on reducing the transfer of hard currency abroad.

He expressed his "hope that these conferences will produce outcomes that support the current government's orientations, which is the most attentive to the private sector and the most involved in decisions," noting "the presence of representatives from the private sector on the Development Fund's Board of Directors and within the Prime Minister's official delegations as a message of support for businessmen."   LINK

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Clare:  Al-Mashhadani is the new speaker of the Iraqi parliament

10/31/2024

Al-Mashhadani is the new speaker of the Iraqi parliament   LINK

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Clare:  It aims to provide 25 electronic services.. Learn about the details of the (Baghdadna) platform

10/31/2024 Baghdad

Israa Al-Jawrani, Digital Media Officer at the E-Governance and Communications Committee of the Baghdad Provincial Council, explained the details of the (Baghdadna) platform, noting that it aims to provide more than 25 electronic services.

Al-Jawrani said in a statement received by "Al-Eqtisad News", "The (Baghdadna) platform is the first of the future projects and plans in digital transformation and communications technology launched by the Governance and Communications Committee in the Baghdad Provincial Council, which aims to provide more than 25 electronic services to citizens via smart devices, which can be increased in all fields and sectors, including health, education, water and electricity, in addition to afforestation."

She added: “One of the priorities of the Baghdadna platform is how to deliver its use to residents of the outskirts of the capital, and then to the city center. After that, specialized volunteer teams will be formed in this field to teach how to educate citizens and use the platform, in addition to it including a service dedicated to the affected segments and groups in Iraqi society.”

Regarding other services that will be provided to the Baghdadi citizen through the platform, Al-Jourani said, “The near future will witness the launch of many services after completing 85% of the platform’s overall implementation.”

Regarding the mechanism of this platform’s dealing with regulations, wages, and financial collection, Al-Jourani indicated that “there will be a supervisory role over all government institutions and departments linked to the Baghdad Provincial Council, which will be obligated to implement and apply all decisions and services of the platform.”   LINK

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

Mnt Goat  There is NOT going to any “big lines” or celebrations in Iraq when they revalue in country. The only thing that will happen is that they will go on with life and know they have more purchasing power, but only after the reinstatement  happens...They are catching up to the rest of the developed world. Also, you must remember too that the government along with the CBI is constantly now telling the citizens they are going to raise the value of the dinar to the “glory days” of the dinar. [Post 1 of 2....stay tuned]

Mnt Goat   ...the CBI is now also broadcasting the videos they produced by the committee, in which my CBI contact told me earlier this year, were being produced and ready for showing, but back then we were told – not yet. Now they are being shown to the public. Yes, it is time and so yet another clue things are close...If you talk to almost any citizens now in Iraq, they will tell you that they expect this event to happen soon.    [Post 2 of 2]

Or the price on the budget will go for $70-$40 To work with the budget

Nader:  10-31-2024

https://www.youtube.com/watch?v=WOn41kXdf0w

Countries That Have Revalued or Adjusted Their Currency - IQD Compared

Edu Matrix:  10-31-2024

Countries That Have Revalued or Adjusted Their Currency - IQD Compared Case Studies of Currency Adjustments that have taken less than ten years.

Why Iraq is going on a 20-year wait, and how Vietnam is on a 50-year wait timeframe. How investors have used the "buy and hold" investment strategy to make huge profits in exotic currencies.

https://www.youtube.com/watch?v=14hzNw1RZKE