Iraq Economic News and Points To Ponder Saturday Afternoon 11-9-24

The Dollar Is Falling Quietly In Baghdad And Erbil At The Beginning Of The Week.. Will The Decline Continue?

Economy  | - 09/11/2024  Mawazine News – Baghdad  The dollar prices fell slightly in the markets of Baghdad on Saturday, and in Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar prices fell with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 150,600 Iraqi dinars per 100 dollars, while this morning it recorded 150,750 dinars per 100 dollars.

The selling prices in the exchange sector also stabilized in the local markets in Baghdad, where the selling price reached 151,750 Iraqi dinars per 100 dollars, while the purchase price reached 150,750 dinars per 100 dollars.

In Erbil, the dollar also recorded a decline, as the selling price reached 150,500 dinars per 100 dollars, and the purchase price reached 150,400 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=256482 

In 5 Days.. The Central Bank Of Iraq Sells More Than A Billion Dollars
economy | 04:25 - 09/11/2024   Mawazine News – Baghdad  The total sales of hard currency (US dollar) by the Central Bank of Iraq during the past week exceeded one billion dollars, during the days in which the auction was opened.

The Central Bank also sold during the past week, and for five days from the opening of the auction, an amount of one billion, 169 million, 32 thousand, and 884 dollars, at a daily average of 233 million, 806 thousand, and 577 dollars, down from the previous week, which amounted to one billion, 396 million, 679 thousand, and 335 dollars.

The highest sales of the dollar were on Thursday, where sales amounted to 301 million, 400 thousand, and 898 dollars, while the lowest sales were on Sunday, where they amounted to 282 million, 64 thousand, and 798 dollars.

Foreign remittance sales during the past week amounted to one billion, 122 million, 432 thousand, and 884 dollars, an increase of 96% compared to cash sales, which amounted to 46 million, 600 thousand dollars.   https://www.mawazin.net/Details.aspx?jimare=256479

Gold Prices Rise In The Capital Baghdad

Money and business  Economy News – Baghdad  Gold prices in the wholesale markets on Al-Nahr Street in Baghdad witnessed an increase, as the selling price of one mithqal of Gulf, Turkish and European gold, 21 carats, was recorded at 566 thousand dinars, while the purchase price was recorded at 562 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold was 536 thousand dinars, and the buying price was 532 thousand dinars.

As for prices in goldsmith shops, the selling price of a mithqal of 21-karat Gulf gold ranged between 570,000 and 580,000 dinars, while the selling price of a mithqal of Iraqi gold ranged between 540,000 and 555,000 dinars. https://economy-news.net/content.php?id=49640  

Oil Prices Post Weekly Gains.. Brent To $73.87

Energy   Economy News - Follow-up  Oil prices fell more than 2% at settlement on Friday as concerns about prolonged supply disruptions from Hurricane Rafael in the Gulf of Mexico eased, while China's latest economic stimulus package failed to lift some oil traders' mood.

Brent crude futures fell $1.76, or 2.3%, to settle at $73.87 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.98, or 2.7%, to $70.35.

Energy producers shut more than 23% of oil production in the U.S. Gulf of Mexico on Friday in preparation for Hurricane Rafael, Reuters reported.

But the latest forecasts for Hurricane Rafael's path and intensity have reduced the risk the hurricane poses to oil production.

Meanwhile, investors were left frustrated after China launched a new package of financial support measures on Friday, announcing a package that would ease debt repayment pressures on local authorities.

Despite falling on Friday, oil prices rose more than 1% on a weekly basis, supported by expectations that the administration of President-elect Donald Trump may tighten sanctions on Iran and Venezuela, which could limit their supplies to the global market.

The US Federal Reserve cut interest rates by a quarter of a percentage point on Thursday, which helped lift oil prices by more than 1% in the previous session.https://economy-news.net/content.php?id=49630

Faw Port And Development Road Revenues Equivalent To 6% Of Oil Income
November 9, 2024:  Baghdad - Qusay Munther  Basra - Amjad Nasser 
An economic expert confirmed that the Grand Faw Port and the development road will constitute a huge economic transformation by 2038, as they will contribute revenues exceeding 6 percent of oil revenues. He pointed out that this achievement, supported by the completion of the first phase of the port, enhances Iraq's position as a regional trade link and opens new horizons for diversifying the national economy.

Expert Nabil Al-Marsoumi wrote in a post on his Facebook page yesterday that (the complete completion of the five berths and the near completion of the first phase of the Grand Faw Port project is a step in the right direction to diversify the Iraqi economy and provide job opportunities, with the project to be completed in its three phases in 2038 with a total capacity of 91 million tons annually, including 67 million tons for containers and 24 million tons for bulk goods).

He stressed that (according to the data of the General Company for Iraqi Ports, the Grand Faw Port will achieve revenues of more than two trillion dinars in 2038, in addition to more than 4 trillion dinars from the development road, which is equivalent to about 6 percent of Iraq's oil revenues). Prime Minister Mohammed Shia al-Sudani had previously determined the completion rates of the main projects in the Grand Faw Port in Basra Governorate.

During the ceremony to receive the five berths of the Grand Faw Port from the Korean company implementing the work, al-Sudani indicated that (his government faced major challenges in starting to implement the vital development road project), stressing that (the Grand Faw Port project will transform the historical geographical situation of Iraq).

Development path

A statement from his media office received by Al-Zaman yesterday continued, saying, “Al-Sudani conducted a sea tour to view the basic projects in the Grand Faw Port, accompanied by the Minister of Transport, Razzaq Muhaibis, the Governor of Basra, Asaad Al-Eidani, a number of representatives and advisors, and the Director General of the Ports Company. He began with the five docks, the handover ceremony of which he sponsored.

He then viewed the other projects, represented by the container yard and the dock wall, which has reached 100 percent completion. He then moved to the submerged tunnel, which has reached 58.47 percent completion, and is considered one of the most important development road projects.”

He added that "Al-Sudani inspected the work on the navigation channel, which is 77.41 percent complete, as well as the ongoing work on the road linking Faw Port and the expressway, which represents the beginning of the strategic development road.

The progress rate on the road has reached (92.42 percent). For his part, the Director of the General Company for Iraqi Ports, Farhan Al-Fartousi, confirmed the docking of 3 large ships at the five berths at Faw Port that were received. Al-Fartousi said in a statement yesterday that (the Faw Port project consists of 5 projects with their infrastructure, and the symbolic project in it is the five berths that were delivered)."

Pointing out that (the docking of 3 large ships on these docks has proven to the world Iraq's seriousness in completing the Faw Port project), stressing that (the five projects in Faw Port complement each other, and are represented by the five docks project, which will be followed by the container yard project, then the main road,

fourthly the submerged tunnel, and fifthly the navigation channel, and all of them will be completed by the end of 2025), he continued by saying that (one of the projects is the road project linking the entrance to Faw Port to the international highway, extending from the entrance to the port, passing under the Khor Al-Zubair Canal through the submerged tunnel to Highway No. 1 in the city of Safwan and via two bridges, and has reached a completion rate of 92 percent.

Economic sanctions

It will be completed next May, and the completion rate of its bridges has reached 98 percent, and the entire project will be completed next May.) On the other hand, economic journalist Salam Zidane ruled out the imposition of new economic sanctions by the United States of America on Iraq.

Zidane expected in a statement yesterday that “the United States will not impose economic sanctions on Iraq in the coming period, especially at the beginning of next year, and perhaps it will adopt a new mechanism for transferring dollars through American banks, by canceling the platform and relying on correspondent banks.”  LINK

Private Banks Association: Financial Inclusion Rate Rose To 48%

Banks  Economy News – Baghdad  The Association of Private Banks announced today, Saturday, the increase in the percentage of financial inclusion for electronic payment during the last two years.

The Executive Director of the Private Banks Association, Ali Tariq, said in a statement to the official agency, which was followed by “Al-Eqtisad News”: “During the last two years, there has been progress in terms of increasing financial inclusion and the use of bank accounts, especially after the government decisions regarding increasing the use of electronic payment.”

He pointed out that "there are many citizens who have bank cards or bank accounts, and the use of electronic payment is increasing clearly and gradually, and all of this is reflected in the financial inclusion rate, which has risen according to the latest data from the Central Bank to reach 48%."

He added: "Our ambition in the next phase is for financial services to increase and be directed not only to city centres but also to villages and rural areas so that there are financial services that include the largest possible segment of society."

Yesterday, Friday, Prime Minister Mohammed Shia Al-Sudani issued several directives to expand the scope of financial services in the governorates.

The Prime Minister's Media Office stated that "within the framework of efforts to reform the financial and banking system, as one of the priorities of the government program, and in light of the important steps achieved during the past two years, and in light of the challenges facing the financial and banking system, especially in the governorates, and since confronting them requires greater attention and radical improvements to ensure enhancing confidence in the financial and banking sectors,

 facilitating the process of economic development, increasing financial inclusion and raising its indicators throughout the country, and because most of the activities were concentrated in the capital, Baghdad, Prime Minister Mohammed Shia Al-Sudani directed a number of steps to be taken in this regard:

1. Increasing the number of bank branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity, and providing their basic requirements.

2. The necessity for all banks in the governorates to adopt modern technologies such as online banking services and mobile applications, which facilitates citizens’ access to their banking services easily.

3. Emphasizing to banks the importance of developing their financial services to suit the needs of individuals and small businesses, such as soft loans and savings accounts.

4. Enhancing financial inclusion in the governorates by providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.

5. Launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest money properly.

6. Organizing workshops to train young entrepreneurs and local businessmen on how to deal with loans and financial services.

He added, "The Ministry of Finance, the Central Bank of Iraq, and the Iraqi Private and Islamic Banks Associations will coordinate with the governors' offices to accomplish the above tasks according to their jurisdiction and responsibility, and submit quarterly reports (every three months) to the Prime Minister's Office regarding the progress of work on the steps mentioned above."https://economy-news.net/content.php?id=49631

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

More News, Rumors and Opinions Saturday PM 11-9-2024

TNT:

Tishwash:  An agreement between (Hisabi) and (TBI) to open two new branches and install dozens of ATMs in Kurdistan

The Hesabi team and the Trade Bank of Iraq (TBI) have reached an agreement to speed up employee registration and card distribution procedures, as well as install ATMs across the Kurdistan Region to facilitate cash withdrawals.

Today, Thursday, November 7, 2024, the Trade Bank of Iraq (TBI) and the (Hisabi) team held their first meeting, where they agreed to expand the bank’s services to the employees of the Kurdistan Region, similar to other banks participating in the (Hisabi) project.

The agreed services include the opening of two new branches of the Trade Bank of Iraq in Erbil and Sulaymaniyah governorates, in addition to installing dozens of ATMs within “Hisabi” booths throughout the Kurdistan Region, with plans to distribute more than 10,000 (TBI) cards to employees.

The number of employees registered in the “My Account” project has so far reached about 700,000 employees, who will benefit from all financial and banking services provided by the eight banks participating in the project, including facilities for employees and salary recipients.

On Sunday, November 3, 2024, the Trade Bank of Iraq (TBI) announced the signing of a contract with the (Hisabi) project to localize the salaries of employees of the Kurdistan Region.

The bank explained in a statement that "this signing comes in line with the decisions of the Federal Supreme Court, and based on the directives of Prime Minister Mohammed Shia al-Sudani, regarding the necessity of the Iraqi Trade Bank's participation in the process of localizing the salaries of employees of the Kurdistan Region."

Below are some of the services provided by the (My Account) banking project:

1- You can access hundreds of ATMs and withdraw all the user's money at once and for free.

2- The devices are available for use 24 hours a day, 7 days a week, allowing employees to withdraw their money at any time they see fit.

3- A variety of different bank loans and advances can be obtained.

4- Direct debit cards can be used to make purchases online and through card readers known as (PoS).

5- The system allows safe and reliable money transfers inside and outside the country.

6- You can access the bank’s mobile application to follow up on your account movements, and receive notifications on your phone when salaries arrive.    link

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:Alaq is on television calling for the price of oil in the budget to be adjusted to $40.  It's currently at $70.  The only reason we see this happening is Alaq knows there is going to be a rate change... FRANK:  That's right, because of a new exchange rate that is coming and because of the oil that will be used in 2025 with the new exchange rate. 

Mnt Goat  My...CBI...contact...told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I was told that the CBI will no longer be supporting the currency auctions come the end of the year...she told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded? ...This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq.

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KTFA:

Clare:  Al-Sudani and Trump agree to coordinate to stop regional wars and meet soon

11/9/2024

 Prime Minister Mohammed Shia Al-Sudani made a phone call today, Friday, with US President-elect Donald Trump, in which he expressed his congratulations to the President and the American people on the occasion of winning the elections, and the great confidence that the American people have given him.

The two sides also stressed, according to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}: "The desire to proceed with the strategic partnership between the two countries, and to strengthen bilateral relations in ways that go beyond the security aspect, through close cooperation in the fields of economy, finance, energy, and technology."

The Prime Minister pointed out that he was "aware of Trump's words and promises during the election campaign, which included his commitment to ending wars in the region, and the two sides agreed to coordinate together to achieve this."

For his part, the US President-elect expressed his desire to work positively with the Prime Minister, and to meet soon to discuss expanding relations between Iraq and the United States of America, and to work on these common files.  LINK

OUT OF CONTROL Bond Yields WILL Trigger Economic CHAOS! - Peter Schiff

Financial Wisdom:  11-9-2024

In his latest interview, Peter Schiff warns that the U.S. economy is on the brink of a major crisis due to soaring national debt, large budget deficits, and rising interest rates. He emphasizes that inflation is already a significant issue and that political promises to reduce spending are unlikely to materialize.

Schiff suggests that the U.S. dollar will weaken as the government resorts to tax cuts and quantitative easing, making assets like gold and silver more attractive for investors. -----

https://www.youtube.com/watch?v=g9P8AMmdXDk

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 11-9-24

Good Afternoon Dinar Recaps,

TETHER COMPLETES FIRST MIDDLE EAST CRUDE OIL TRANSACTION

Tether has finalized its first funding transaction in a Middle East crude oil investment, expanding the crypto company’s ventures beyond its flagship digital assets product.

The investment involves a major publicly traded oil company and a leading commodity trader, aiming to facilitate the loading and transportation of over 670,000 barrels of crude oil.

According to the announcement on Nov. 8, the Tether stablecoin issuer’s investment arm completed the transaction in October 2024. The total value of the Middle Eastern crude oil is approximately $45 million, marking Tether’s initial entry into the crude oil business in the region.

It also highlights the crypto company’s growing traction in commodities trading across the world.

“This transaction marks the beginning, as we look to support a broader range of commodities and industries, fostering greater inclusivity and innovation in global finance,” said Paolo Ardoino, chief executive officer of Tether.

Tether’s Trade Finance unit, which launched earlier this year, has experienced significant growth as the company targets opportunities in the $10 trillion trade finance market.

Notably, while this new venture is part of Tether Investments’ broader portfolio, it is not connected to the platform’s USDT stablecoin reserves.

Tether stated that this investment is part of its expansion strategy, which also includes involvement in artificial intelligence, education, renewable energy, Bitcoin mining, and telecommunications.

The company recently revealed it hit $7.7 billion in nine-month profits for 2024, with the third quarter attestation report also highlighting over $102 billion in U.S. Treasury holdings.

While the USDT circulation reached nearly $120 billion in the quarter, Tether said it held over $6 billion in extra reserves.

@ Newshounds News™

Source:  Crypto News

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AUSTRALIA TO TRIAL WHOLESALE CBDC FOR ASSET TOKENIZATION IN 2025. INVITES PARTICIPANTS

The Reserve Bank of Australia (RBA) has launched a consultation on wholesale CBDC and asset tokenization with the Digital Finance Cooperative Research Centre (DFCRC), with a deadline for responses of December 11.

It is inviting industry members to provide feedback and take part in trials for wholesale tokenization use cases in 2025 as part of Project Acacia. They may also want to join the industry advisory group.

Apart from a wholesale CBDC, Project Acacia will explore the use of private forms of digital money, including tokenized deposits.

Previous RBA and DFCRC CBDC experiments covered both wholesale and retail CBDC where the CBDC was issued on a central bank controlled infrastructure. In the latest trials, the central bank will consider issuing a pilot wCBDC onto third party blockchain networks, in a similar manner to Switzerland’s Project Helvetia.

RBA assistant Governor Brad Jones said the aim is to “examine how innovation in wholesale markets could be enabled by new forms of digital money and supporting infrastructure.

The role that tokenised asset markets could play in improving the efficiency and resilience of wholesale payments and settlements, and in enhancing cross-border payments, are areas of particular interest.”

However, the current phase of Project Acacia will focus on domestic wholesale settlement.

Settlement options with digital money
The two organizations have already completed the first phase of Project Acacia, which involved desktop research regarding different settlement options.

It considered five different forms of settlement assets, including:

▪️existing central bank money (Exchange Settlement Accounts or ESAs)
▪️wholesale CBDC (wCBDC)
▪️deposit tokens
▪️reserve-backed digital currency (RBDC)
▪️fiat-backed stablecoins.

Deposit tokens are tokenized versions of commercial bank money. RBDC is tokenized money backed by a pooled or omnibus central bank account (similar to Fnality).

A key feature of tokenized deposits is they involve two steps because the seller (recipient) may not bank at the same bank as the buyer (payer). Hence, there’s a transfer of the bank token from buyer to seller and then the two banks need to settle up with each other. The RBA referred to this settling up process as the interchange mechanism.

Hence, in reviewing settlement options it considered whether the settlement asset is on the same platform or not, the different types of settlement assets, and the interchange mechanism. If the settlement asset is on a separate platform there’s a need for synchronization to ensure the transaction status on the tokenized money DLT matches the tokenized asset platform.

This synchronization without a wCBDC is similar to the European Central Bank wholesale DLT experiments with Germany’s Trigger solution and Italy’s TIPS Hashlink offering. The RBA gave the nod to the Bank of England’s ‘synchronisation’ capability as part of its RTGS renewal program.

Five potential settlement models were selected from the research, involving tokenized deposits and / or wCBDC. Stablecoins are not included. There is no intention to select just one model, because the RBA and DFCRC believe different models will be suitable for different markets.

Digital currency and wCBDC trade offs
The research highlighted some of the tradeoffs with different models. For example, if a wCBDC is issued onto a third party platform, it can support atomic settlement and composability, which could offer economic benefits such as efficiencies, risk reduction and new business models.

However, that would require the central bank to change its role to just being the issuer, reducing its ability to manage and monitor balances.

Alternatively, using existing central bank reserves for settlement would involve more incremental changes for both the central bank and market participants. However, it would forego some of the economic benefits of atomic settlement and composability. The central bank is keen to understand these tradeoffs in greater detail.

Meanwhile, Project Acacia will also involve three other agencies, the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA) and the Treasury. The project may trigger potential regulatory changes which could be tests as part of ASIC’s sandbox framework.

@ Newshounds News™

Source: Ledger Insights 

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🌱WHAT DO THE NEW CHANGES MEAN? DID YA CATCH THE INTEL? EXCITING GOOD FACTS.  |  Youtube

Did you miss the Live Constitution call last night with Mason and Jim?  Here is the Replay with many questions and comments from our members.  Listen and share.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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7 Red Flags That Will Help You Avoid Financial Scammers

7 Red Flags That Will Help You Avoid Financial Scammers

August 20, 2024   Written by  Cynthia Measom  Money / Financial Planning

You can’t be too protective of your money and personal information. Financial scams are running rampant.

According to our recent “Keep Your Money Safe” survey, when victims of financial scams were asked what type of scam they had experienced, 27% said they had been the victim of phone scams (robocalls, texts, false impersonators, bots).

Additionally, 11% said they were victims of money transfer or mobile payment service scams — 20% on Cash App and 17% on PayPal. Online shopping and phishing scams were also common, with 25% of respondents claiming to have been scammed on Facebook and 13% on Instagram.

Here are the red flags you should look for to help you avoid financial scammers.

Unknown Sender

Approximately 34% of respondents to the GOBankingRates survey said that receiving communication from an unknown sender is what tips them off most regarding a potential scam.

Todd Redding, founder of Probity Investigations, said that scammers often initiate contact through unexpected emails, phone calls or messages.

“These unsolicited communications frequently request personal information or prompt urgent actions,” he said. “It is crucial to be cautious when receiving such contact, especially if it comes from unknown sources. Always verify the authenticity of the sender or caller before providing any personal details.”

Misspelled Words or Bad Grammar

Receiving communication that is written poorly or contains bad grammar is another red flag that 14% of respondents said tips them off to a scam.

Ryan McEachron, a security and risk management expert and CEO of ISU Insurance Service ARMAC Agency, said that unprofessional communication with typos, grammar issues or an inconsistent story indicates a scam.

“Legitimate companies have skilled communicators and consistent, transparent messaging,” he explained. “If something seems too good to be true, it probably is. Trust your instincts — if an offer makes you feel uncertain or uncomfortable, pass on it.”

Approximately 12% of survey respondents cited a strange email address or phone number as a tip that something is amiss.

Mark Shyani, lawyer and managing attorney at Pacific Attorney Group, said that he’s seen many red flags, but one that stands out to him is the “referral from trusted source” scam.

“In this scam, criminals pretend to be someone you know — often an esteemed colleague or long-time client — who wants to send a client or opportunity your way,” he said. “They do this because they understand that people are more likely to take notice of referrals made by people they trust.”

Shyani continued, “Once, when I was running my practice, I got an email, apparently from a prominent lawyer who was referring a big case to me. It looked legitimate; everything about it mirrored this attorney’s typical messages, right down to the sign-off. However, certain things seemed slightly off: The email address had been changed subtly, and the sender requested an upfront ‘referral fee,’ which struck me as strange.”

He concluded, “This scam’s ability to exploit preexisting trust and professional relationships makes it so dangerous. To avoid being duped by it yourself, make sure you cross-check every referral with your trusted source directly using other means of communication (like calling them on the phone) before taking action.”

Requests for Specific Information or Specific Amounts of Money

Around 9% of survey respondents said that if someone requested specific information or specific amounts of money, they would suspect a scam.

TO READ MORE:   LINK  

Weekend Coffee and News with MarkZ and MilitiaMan. 11/09/2024

Weekend Coffee and News with MarkZ and MilitiaMan. 11/09/2024

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

MZ:  We start today with Matt and Lucas, at the 45-minute mark we will be joined by MM and crew to talk about the latest news out of Iraq.

Member: Happy 3 day weekend…..and Thanks to all the veterans for their service

Member: Morning folks! Anyone hear anything good?

Member: Good morning Militia man and crew

MZ: The articles coming out of Iraq are amazing this week.

MM: Little bits and pieces and things are happening fast and furious. There is a lot of people talking lately. Sudani, Alaq, many experts talking about digital currency, economy, money, energy, technology……

MZ: Foreign relations, and Sudani reaching out to Trump- and he is saying they want to meet ASAP- in person….

MM: I love it when they talk money. Sudani has been here for 2 years and obviously he has done a good job. The united States has been involved in Iraq for many years and many different administrations. Al-Sudani was in New York just a few months ago and we saw progress….we know Iraq is focusing on doing business ….The time is right for opening the development road project and Sudani has a budget he needs to open up and start spending….They have some time constraints

MM: The port of Faw opened up. And we are talking about the relationship between Iraq and the US. Things look positive.

MZ: One of the things I was eying: “ Association of Private Banks Financial inclusion rate increased to 48% “ So 48% of the people have embraced banking instead of holding cash under a mattress-which is not the most efficient way to handle finances.

MM: No its not. I think 48% is a big number. And they have 50,000+ Point of Sale (POS) machines across the country. They have 20 million accounts for electronic cards. We know they have put out 40 million new national cards. If they have a Real Effective Exchange Rate (REER) and build a road- people will come.

MM: With that development road – people and trade will come in droves.

MZ: And the Central banks through auctions have just sold a billion in USD and took in dinar to buy it.

MM: The push is big….Last night I did a video and this article was interesting to me “ In 5 days Iraq Central Bank sells more than a billion dollars”  and they say there is now no room for the parallel market or black market for dollars. This is huge from Al ALaq. Once they open the doors and change the REER then the dinar will then be stronger than the dollar. That is what Al-Sudani has said more than once. And that is what we are waiting for.

Member: Looks quite promising for Iraq

Member: Really hope we get a rate soon.

Member: IMO-if the money supply vs. foreign reserves is an indicator, they're currency should be at a much higher exchange rate than 3.22

MZ: “ MP (Member of Parliament) Likely to resolve 3 major laws this week. “ Are they hiding HCL in here??? They have extended the legislation until Dec. 10th which is Victory Day.

MM: They are talking about it today. Real Estate in Kirkuk is part of article 140 of the HCL. These laws are really important and they have already been read twice and they could be working on it right now and we wouldn’t know yet. It will be big news once it pops. I believe it is on the table and could happen at anytime during this session.

Member: They can’t broadcast their accomplishments or they would give away the timing…imo

MZ: And they generally don’t broadcast an accomplishment until its done.

MM: They do like to keep things tight. And try to lead us astray on many occasions. They do not broadcast every move they make because some of this is very sensitive. But its exciting to see them at this stage now.

MZ: Where do you feel like we are at?

MM: They have some things to take care of still. But I think we are watching to see the outcomes of these sessions of Parliament. They have to open up and expose the budget, and a lot of the things right now on the table are exchange rate oriented. They need the money for that Development Road project and I think we are knocking on the door .They are telling us these things are happening along with the delete the zeros project.

Member: I heard a seller say there was no more dinar to be had?

MZ: I know some sellers and they say it’s harder to get dinar to sell right now. I had one seller tell me that probably 90% of the dinar they are selling right now is dinar they bought back from people who have given up. So much of the dinar they are selling right now is recycled.

MM: I have heard that too.

MZ: If they are going to end the Auctions in 2024 like Alaq and Sudani have said….then something has to change

MM: They have it set up and I think they will turn that corner quickly.Everybody is waiting for this to happen. The pressure is on  . Iraq has a holiday tomorrow and this weekend is Veterans day for the US. Lets see what happens tomorrow.

Be sure to listen to the replay for MilitiaMans full interview….

Member: does the Dinar has to revalue pretty much now, so everything can be done by Dec 10th?

Member: 10th December is victory day in iraq

Member: So, after they revalue, how long will we have to exchange our say 50K dinar note for $

Member: probably 10 days to make your appointment and 30 to exchange/redeem.

​​Member: Iraq citizens were given 90 days to replace Saddam currency back in Oct. of 2003

Member: Yea Militia Man! Thank You for all you and the Crew do!!

Member: It's a beautiful day, hope everyone can enjoy it!!!!

Member: Bye-bye to all of you fantastic and blessed people of God and see you all Monday morning.

Zester also joins the stream at the end. Please listen to the replay for his opinions and 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=NG9gZGcxDJY

“Tidbits From TNT” Saturday 11-9-2024

TNT:

Tishwash:  Finance: Next week, applications for purchasing government bonds will end

The Public Debt Department of the Ministry of Finance announced that the application period for purchasing government achievement bonds (third issue) is approaching the end of the official working day on Wednesday, 11/13/2024.

The department called on citizens, businessmen and companies to seize this investment opportunity with rewarding returns  link

Tishwash:  Halal” shares without interest start at $100.. The first company to enter Mosul (video)

And receive profits via Zain Cash and FIB

Cultural Group (Mosul)

“Planet of Profit” company manager Harem Ribwar says that it is the first officially registered company to enter Mosul and provide training services for those wishing to trade stocks on global stock exchanges, in addition to providing brokerage services. Ribwar talks about two types of subscriptions, the first starting at $100 for beginners, and the second at $50,000 for professionals, with “completely Islamic and interest-free” services.

The company opened its branch in Mosul in the Cultural Group area on the left side, and works on mediation between the investor and the stock exchange. Today, it has 5 other branches in Kirkuk, Diyala, Erbil, Dohuk, and Sulaymaniyah before opening the sixth branch in Nineveh, while it plans to reach Baghdad and Basra.

Harem Ribwar - Director of Kawkab Al-Rabh Company in Iraq:

Our company is a broker in the financial markets and is licensed by the Central Bank of Iraq and the Ministry of Trade, where it works as a shareholder with the global company ax finanials limited, registered in Wales.

Our main business is to mediate between clients or investors and global markets, we are the first company to bring electronic trading technology to Iraq, and one of our goals in the country is to change investment to a new and correct path.

We are the first official company to enter Nineveh, and we want to contribute to rebuilding Umm Al-Rabi’een and contribute to employing workers.

We have an academy for teaching trading, and we will hold workshops and training in this field for those who wish, and we will bring the best trainers in the field of trading in the financial markets.

We have a “standard” deposit of at least $100, and a “premium” deposit of at least $50,000. All our accounts are Islamic, meaning they are free of interest, and we take the commission from the bank, not the investor.

We established the company last April and opened the first branch in Kirkuk, the second branch in Erbil, then Diyala and Dohuk, and soon in Najaf, Basra, and Baghdad.

The Nineveh branch staff consists of 10 people with scientific specializations, graduates of management and economics, and software engineers. We grant agencies to our employees or investors, through which they can bring customers and take their commission on each customer, which is 50% of the profits.

We have deposits and withdrawals, which are done at our branches, and delivery and receipt are done through Zain Cash and the Iraqi Digital Bank FIB.  link

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Prime Minister: We adhered to the goal of completing the Greater Faw as the gateway to greater Iraq

Prime Minister Mohammed Shia Al-Sudani sponsored, today, Thursday, the ceremony of receiving the five berths of the Grand Faw Port in Basra Governorate, and their entry into actual operation, after they were completed by the implementing Korean company.

Al-Sudani stressed in a statement issued by his media office that the five docks represent the backbone of the Faw Port, while pointing out that the development road will be an artery linking most of the countries in the region.

He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade. It is considered the most prominent water basin in the world, where energy, trade, communication and exchange activities are concentrated in all their forms. It will also contribute to transforming Iraq from a country in need of other people’s ports, into a maritime country with a complete view of the Gulf.”

He added that “development and economic transformation are an integrated approach that meets the country’s needs and the vital economic levers it lacks for Iraq to connect with international trade,” noting that “Iraq was and still is a fundamental pillar in the global economy and a historical part and passage of the most important international exchange routes,” noting that “the development path will link, starting from the Grand Faw Port, the economies of most countries in the region and will be an outlet for achieving economic integration.”

He added that "the Council of Ministers supported the Ministry of Transport's procedures to rehabilitate railways on the development road tracks, or those that serve the road within a plan connected in its links," indicating that "new railway projects were included in the investment plan and financial allocations were allocated for them."

He said, “We adhered to the goal of completing the project, as it is a gateway to Iraq’s largest project, the path to development, and the main nerve in the government’s vision to maximize non-oil revenues, along with the industrial cities that will be established alongside the two projects.”

Al-Sudani added, “The General Company for Iraqi Ports has made significant progress in drawing up the correct policy for managing the Grand Faw Port, in addition to introducing major operators in the world, and the most appropriate and attractive economic model for trade exchange will be chosen.”  link 

Mot: . LOL -- Me too!!! 

Mot:  ....... This is not going to end well. 

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-9-24

Good Morning Dinar Recaps,

SWISS BANK UBS TESTS BLOCKCHAIN FOR CROSS-BORDER PAYMENTS WITH DIGITAL CASH

UBS has successfully piloted its blockchain-based payment system to enhance the efficiency of cross-border transactions.

Multinational investment giant UBS has completed a pilot of its blockchain-based payment system dubbed “UBS Digital Cash,” aimed at improving the efficiency of cross-border transactions.

In a Nov. 7 press release, the Zurich-headquartered bank said the trial, which involved multinational clients and banks, included both domestic payments within Switzerland and cross-border transactions in U.S. dollars, Swiss francs, euros, and Chinese yuan.

The system uses a private blockchain network called “UBD Digital Cash,” accessible only to permissioned clients, with transactions settled through smart contracts that automatically execute once predefined conditions are met.

“Blockchain-based payment solutions for cross-border payments are a strategic focus for UBS.”  ~  Andy Kollegger, head of UBS Institutional & Multinational Banking

Commenting on the milestone, Xiaonan Zou, UBS head digital assets says the bank considers the interoperability between UBS Digital Cash and other digital cash initiatives as “key for the financial industry.” 

The latest initiative complements UBS’s involvement in a wide range of market initiatives, the bank says, referring to the Swiss National Bank-led project Helvetia for real wholesale Swiss franc Central Bank Digital Currency, as well as the Agorá project, led by the Bank for International Settlements.

The pilot comes shortly after UBS launched its first tokenized investment fund on Ethereum, the UBS USD Money Market Investment Fund Token, targeted at authorized distribution partners in Singapore.

@ Newshounds News™

Source:  Crypto News

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XRP NEWS TODAY: RIPPLE PLANS DIRHAM-BACKED STABLECOIN LAUNCH IN UAE

▪️Ripple’s Dirham-Backed Stablecoin: Ripple plans a UAE launch, benefiting from clear regulations.

▪️RLUSD Speculation: Ripple’s potential US dollar-backed stablecoin stirs interest.

▪️XRP Price Stability: XRP remains steady amid stablecoin developments.

Ripple is generating buzz about a possible Dirham-backed stablecoin launch in the UAE, coinciding with discussions around its upcoming RLUSD. The firm recently praised the UAE’s progressive digital asset regulatory framework, which encourages blockchain innovation and stablecoin integration.

Ripple has maintained a strong presence in the Middle East, with notable partnerships such as the National Bank of Abu Dhabi’s adoption of its payment solutions. 

With the UAE’s regulatory clarity, a Dirham-backed stablecoin would align with Ripple’s goal to support secure and efficient digital transactions.

By tapping the UAE market for its stablecoin Ripple is surely making a big affair in the crypto business.  

Clear Regulations Fuel UAE’s Blockchain Ambitions
The UAE Central Bank has introduced a solid regulatory framework that supports stablecoin use in virtual asset transactions, including Dirham-backed coins.

Ripple has pointed out that this clarity positions the UAE as a leader in digital finance, creating an environment conducive to stablecoin adoption. For businesses in the UAE, a Dirham-backed stablecoin could provide a faster, more cost-effective solution for cross-border payments, making it an attractive option for financial institutions.

RLUSD and US Dollar Speculation: What’s Next for Ripple?
In the U.S., attention is now on Ripple’s potential release of the US dollar-backed stablecoin, RLUSD. Speculation is growing, especially with the possibility of Donald Trump winning the 2024 presidential election. A Trump presidency could bring clearer regulations, potentially accelerating the launch of RLUSD.

Recently, Ripple moved 294,000 RLUSD tokens, fueling curiosity about the timing of the release. CEO Brad Garlinghouse and industry experts are optimistic about RLUSD, seeing it as a key driver for cross-border payments and digital banking.

@ Newshounds News™

Read more:  CoinPedia

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🌱THIS IS HUGE! BIG NEWS IN THE FOOD WORLD AND FOR HOMESTEADERS THAT GROW FOOD!  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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🌱WHAT DO THE NEW CHANGES MEAN? DID YA CATCH THE INTEL? EXCITING GOOD FACTS.  |  Youtube

Did you miss the Live Constitution call last night with Mason and Jim?  Here is the Replay with many questions and comments from our members.  Listen and share.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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6 Top Ways You Can Keep Your Checking Account Safe

I’m a Bank Teller: 6 Top Ways You Can Keep Your Checking Account Safe

November 7, 2024 Written by Sean Bryant

According to a 2023 study by the American Banking Association, only 9% of people still take care of their banking needs in a physical brand location. Instead, they’re relying on the accessibility of online banking and banking apps. Another study by Chase found that 87% of Americans use their banking app at least once per month.

However, with the rise of online and mobile banking also comes an increase in cybercrime. According to the FBI, over $4 billion was lost to cyber criminals in 2020 alone. This means it’s more crucial than ever to make sure you’re protecting yourself and your money.

“I’ve talked to so many customers that can’t tell me the last time they actually looked through their bank statement,” said Nicole W., teller at Chase Bank. “They come in because they noticed an error in their account from months ago, but they’re just now noticing something’s wrong.”

Keep reading to learn what Nicole recommends anyone utilizing online or mobile banking to do so they can keep their accounts safe.

Use a Strong Password

One of the worst things you can do is have a weak password. The last thing you want is to use a password like 111111 or 123456. This is going to make it much easier for criminals to gain access to your accounts.

“Use random passwords for each of your online accounts,” Nicole said. “If possible, never use the same password for more than one account. I would also suggest making it as long and as strong as possible. Use lower and upper case letters, numbers and special characters.”

If you’re using different passwords for each online account, it can get difficult to remember each of them. While you could write them down and store them in a safe place in your home, there are also several online password storage vaults available. Nicole frequently recommends 1password.com to friends and family.

Use Two-Factor Authentication

Even if you have a strong password, there’s always a chance that hackers can gain access. That’s why many organizations are now using two-factor authentication. This adds an extra layer of security to your bank account.

“If you’re offered the ability to use two-factor authentication, do so,” said Nicole. “How this works is you will have your password as the first layer of defense, and then you will have a special code sent to your phone number. While someone may be able to hack your password, it will be much more difficult to get the special code sent, as well.”

Be Cautious of What You’re Clicking Online

According to Security magazine, 1.76 billion phishing emails were sent in 2023, which was an increase of 51% over the previous year. Cyber criminals will go to great lengths to be able to uncover your sensitive information.

TO READ MORE: LINK

News, Rumors and Opinions Saturday AM 11-9-2024

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 Sat. 9 Nov. 2024

Compiled Sat. 9 Nov. 2024 12:01 am EST by Judy Byington

Fri. 8 Nov. EBS: The Moment We’ve Been Waiting For. …The 17th Letter (JFK Jr.) on Telegram:

After the 10 days of darkness, we will reconnect to a new quantum internet. The old systems of government, education, finance, health, and commerce? Gone. A new age is coming. GESARA/NESARA activated.

Global Currency Reset:

Fri. 8 Nov. 2024 Wolverine: “People write and ask questions like is this a scam? No. It’s not. I’ve seen the Whales contracts. I know a billionaire who’s the biggest Paymaster in the World and has his own law firm. He wouldn’t be fooling around with this if it weren’t true. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll.”

Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) should receive notification to set appointments over the weekend. Exchanges should start on Tues. 12 Nov.

Tues. 5 Nov. 2024 Julian Assange: All Intel is saying “Next Week.” Safe link 800# will be released closer to go date. Bond funds were being delivered to paymasters. Private appointments are being made now. Rates are EXTREMELY high.

Fri. 8 Nov. 2024: Declassification of Information: NESARA GESARA, White Hats, Quantum Financial System (QFS), Banking Cartels, Brunson Brothers, and Empowerment of the People! – amg-news.com – American Media Group

Fri. 8 Nov. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs &GESARA, and the Quantum Financial System – amg-news.com – American Media Group

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Thurs. 7 Nov. 2024: Federal Reserve Chairman Jerome Powell says he is REFUSING to resign if Trump asks him to. Ok, tough guy…You don’t have to leave, but Trump will just SHUT DOWN THE FED on day one and you will be without a job. How about that?! …The Patriot Voice on Telegram

First off, the Federal Reserve IS NOT A US GOVERNMENT AGENCY. It is a FOREIGN Central Bank that was installed without concern of the American people as a way to siphon any REAL WEALTH (Gold) into the hands of offshore Globalists. They wanted to keep us in perpetual debt slavery FOREVER.

They are actually operating UNCONSTITUTIONALLY on US soil since their inception in 1913 when Wilson passed the act after it was written in secrecy on Jekyll Island along with the IRS which is the enforcement arm of the Fed.

BOTH NEED TO BE ABOLISHED so that America can return to REAL PROSPERITY.

Read full post here:  https://dinarchronicles.com/2024/11/09/restored-republic-via-a-gcr-update-as-of-november-9-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Alaq is on television calling for the price of oil in the budget to be adjusted to $40.  It's currently at $70.  The only reason we see this happening is Alaq knows there is going to be a rate change... FRANK:  That's right, because of a new exchange rate that is coming and because of the oil that will be used in 2025 with the new exchange rate. 

PompeyPeter  Where are we?  The have not seen the budget.  But we have seen something very interesting that encourages me now to talk about the budget.  [a new] article is an absolute doozy as far as I'm concerned because it's telling us quite a lot.  It's telling us that Sunday the 10th of November is...Cultural Day when Iraq thinks about its great thinkers, feats of engineering, its natural beauty, its wonders and its historic wealth...this great nation which was the foundation for much in the world.  This celebration is on Sunday.  They moved it forward from its traditional date of...the 18th.  They're saying they moved it because of the census...They moved it.  They moved it forward to Sunday.

LIVE! (BEWARE).THE CURRENT LIQUIDITY CRISIS WILL GET MUCH WORSE FROM HERE WITH NO WAY OUT.

Greg Mannarino:  11-8-2024

https://www.youtube.com/watch?v=D7viquYTndc

Goldman Sends Warning: "Collapse Is Coming" Prepare For Huge Market Crash Sell Off

Atlantis Report:  11-7-2024

The recent warning issued by Goldman Sachs about a potential market crash has sent shockwaves through Wall Street and global markets.

 Goldman Sachs's analysts have sounded the alarm, urging investors to brace for a massive sell-off that could decimate portfolios and erode trillions in market capitalization.

The warning from Goldman Sachs carries significant weight, as the firm is renowned for its market-moving predictions and unparalleled insights into the intricacies of the global financial landscape. With a reputation for being at the forefront of economic analysis, Goldman's alarming forecast has left investors scrambling to prepare for the potential fallout.

Today, we will analyze Goldman's warnings and the potential consequences of a market collapse.

https://www.youtube.com/watch?v=pQaU7vtL0-4

MilitiaMan & Crew News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Two Prices-USD-Dinar

MilitiaMan & Crew News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Two Prices-USD-Dinar

11-8-2024

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=_gCfYJTP0qw

FRANK26….11-8-24……AKI CALLED…

KTFA

Friday Night Conference Call

FRANK26….11-8-24……AKI CALLED…

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=u1Y3B_u-D3k