30 Scam Phone Numbers To Block and Area Codes To Avoid

30 Scam Phone Numbers To Block and Area Codes To Avoid

August 22, 2024  by Joshua Rodriguez

Scams are becoming more and more prevalent, and simply blocking unwanted calls doesn’t always do the trick. They’re so common that experts have coined the term “scam economy.” Unfortunately, it’s easy to change a phone number, and scammers often do so to avoid getting caught or having their call blocked. The good news is that scams operate in many known area codes, so you can avoid being the next victim simply by honing in on the list of scammer phone numbers.

Quick Take: List of Scammer Phone Numbers

Wouldn’t it be great to have a list of scam phone numbers handy to avoid them altogether or at least have 1-888 scammer numbers be clear in their intention on the caller ID? Short of never answering the phone or putting yourself on every national “do not call” list, there are some red flags you can alert yourself to before accidentally giving out your Social Security number or being a victim of identity theft.

Here is a list of scammer phone numbers that are known by government agencies such as the Federal Trade Commission.

11 Top Scam Phone Numbers

AT&T raffle winners: 904-495-2559

Bank account temporarily on hold scam: 858-605-9622

Card lock scam: 878-877-1402

Debit card frozen scam: 863-532-7969

Failed delivery attempt scam: 469-709-7630

Fake Publisher’s Clearing House win: 805-637-7243

Student loan forgiveness scam: 202-221-7923

Weight loss and delivery scam: 312-339-1227

Wells Fargo text message scam: 865-630-4266

Unpaid taxes scam: 347-437-1689

USPS scam: 301-307-4601

Quick Take: List of Scam Area Codes

More than 300 area codes exist in the United States alone which is a target-rich environment for phone scammers. The good news is that scam callers will often show up under common area codes for incoming calls. Here are 19 area codes you should never answer if you don’t know who’s on the other end.

19 Top Scam Area Codes

216: Cleveland, Ohio

218: Northern Minnesota

232: Sierra Leone

234: Nigeria

242: Bahamas

268: Antigua and Barbuda

284: British Virgin Islands

332: New York City

347: New York City

355: Albania

375: Belarus

469: Dallas, Texas

649: Turks and Caicos Islands

646: Manhattan

657: La Palma, California

712: Western Iowa

829: Dominican Republic

868: Trinidad and Tobago

876: Jamaica

What Is a Scam Phone Number or Area Code?

Scam phone numbers and area codes typically involve calls you receive from numbers you don’t recognize. Often there is no customer service you can contact or law enforcement you can involve for these calls obfuscated by distance or sheer volume. Changing a phone number is easy, so it’s challenging to catch every scam phone number out there.

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The Trump Bitcoin Vision vs. CBDCs: The Start of a New Currency Revolution

The Trump Bitcoin Vision vs. CBDCs: The Start of a New Currency Revolution

Awake-In-3D   November 9, 2024

Why Trump’s Bitcoin vision could reshape U.S. finance and challenge traditional currency systems worldwide.

The Trump Bitcoin Vision could represent a turning point for American financial policy, challenging the global dominance of centralized digital currencies and introducing Bitcoin as a strategic national asset. By promoting a National Strategic Bitcoin Reserve and opposing Central Bank Digital Currencies (CBDCs), Trump’s proposal aims to secure greater economic independence for the U.S. and encourage a new approach to financial sovereignty.

This article discusses how Trump’s stance on Bitcoin over CBDCs might redefine the role of digital assets in America, with potential ripple effects across the global economy.

Understanding the Trump Bitcoin Vision as a Strategic Asset

Trump’s plan would place Bitcoin at the heart of the U.S. economy by establishing a National Strategic Bitcoin Reserve, an unprecedented move for a nation traditionally reliant on fiat currency and precious metals as reserve assets. By backing the nation’s wealth with Bitcoin, Trump aims to reinforce the dollar’s strength while providing a buffer against inflationary pressures.

Historically, strategic reserves in commodities like gold and oil have served to bolster national security and economic stability. In pledging a Bitcoin reserve, Trump is signaling a desire to reframe the U.S. reserve strategy around digital assets, potentially redefining financial security in the 21st century. This proposal raises fundamental questions: Could Bitcoin, as a decentralized asset, bring new stability to the American economy? Would other countries follow the U.S. lead in recognizing cryptocurrency as a strategic reserve asset?

A Departure from CBDCs: Trump’s Promise to Ban Digital Fiat

In tandem with a Bitcoin reserve, Trump’s plan includes a full-scale ban on Central Bank Digital Currencies (CBDCs), a move that reflects his stance against centralized digital assets. CBDCs, digital versions of traditional fiat currencies managed by central banks, are being explored worldwide as a means to modernize monetary policy and control currency in a digital age. However, Trump argues that such currencies centralize control, limit personal financial sovereignty, and ultimately work against individual freedom and decentralized financial principles.

A ban on CBDCs would represent a direct counterpoint to the current global trend. Countries like China, the European Union, and Canada are advancing in CBDC development, hoping these digital currencies will help modernize their economies. However, the Trump Bitcoin Vision signals a fundamentally different approach: one in which digital currency can exist independently of government and bank control, restoring the power of choice and privacy to individuals.

By positioning Bitcoin as the digital currency of choice for Americans—and rejecting the centralized oversight that defines CBDCs—Trump could foster a form of economic freedom that encourages self-sovereignty and independence. This approach could also inspire similar policies in countries wary of centralized digital currencies, potentially weakening the international momentum toward CBDCs and creating new avenues for cryptocurrency adoption.

Implications for Global Currency Reset and Revaluation of Currencies

Trump’s vision, if enacted, catalyzes a Global Currency Reset (GCR) by recalibrating how digital assets are valued relative to fiat currencies. Traditionally, global currency value has been anchored by the U.S. dollar, supported by foreign reserves and global confidence. With the introduction of Bitcoin as a strategic asset, the valuation mechanisms of currencies worldwide could be disrupted, potentially triggering an international revaluation (RV) of fiat and crypto alike.

1. Strengthening U.S. Influence through Bitcoin Reserves: Should the U.S. amass significant Bitcoin reserves, it would likely strengthen its economic position relative to other nations, particularly those that have embraced CBDCs. The U.S. dollar’s role as the global reserve currency may be tested, but Bitcoin could serve as a complementary asset that underpins a new form of financial influence.

2. Global Interest in Cryptocurrencies over Fiat: With the Trump Bitcoin Vision, other countries may face pressure to reevaluate their reserve strategies and consider adding Bitcoin or other cryptocurrencies to their portfolios. Such a shift could destabilize traditional fiat currency reliance, prompting a revaluation across the board as countries reassess the value of their reserves.

3. Challenges for CBDC-Adopting Nations: As the U.S. pivots towards Bitcoin, countries with CBDCs may face unexpected challenges, such as increased interest in decentralized cryptocurrencies by their own citizens. The appeal of self-custodied Bitcoin, which provides independence from banks and central authorities, could draw citizens away from CBDCs, particularly in regions where distrust of government-controlled currencies is already high.

Repercussions for Financial Privacy and Sovereignty

Trump’s anti-CBDC stance is also rooted in a philosophy of financial privacy and personal control. A Bitcoin-centric financial model would empower citizens to store their wealth without intermediary institutions, enabling individuals to “be their own bank.” This approach appeals to the rising demand for financial sovereignty, allowing individuals to protect their assets independently of the financial elite and governmental influence.

The promise of privacy through Bitcoin ownership, free from government oversight, contrasts sharply with CBDCs, which could offer central banks unprecedented access to citizens’ financial behavior. For those concerned with data privacy and government overreach, Bitcoin offers an alternative that balances digital access with personal freedom.

However, this also presents potential challenges. Financial systems without intermediaries—like banks—make enforcement of anti-money laundering (AML) and counter-terroism financing (CTF) regulations difficult. Policymakers would need to strike a delicate balance between maintaining regulatory oversight and preserving the benefits of self-custodied assets.

America’s Path to Bitcoin Leadership

Trump’s proposals go beyond policy rhetoric; they position the U.S. as a potential leader in the global cryptocurrency movement. In supporting domestic Bitcoin mining and removing custodial restrictions, Trump is setting the stage for a flourishing domestic Bitcoin ecosystem. These policies could foster a competitive environment that attracts Bitcoin innovators, miners, and investors, enhancing the U.S. role as a cryptocurrency superpower.

Should Trump’s vision materialize, it could also prompt other nations to emulate aspects of U.S. policy, particularly in areas where individuals seek financial sovereignty and investment freedom. This influence through indirect leadership could redefine America’s influence, offering an alternative to nations and individuals wary of centralized digital assets.

The Bottom Line: Could a Trump Bitcoin Vision Be the Dawn of a New Financial Era?

Trump’s proposed policies mark a striking departure from the current trajectory of digital currency. A National Strategic Bitcoin Reserve and a ban on CBDCs represent a bold experiment in currency sovereignty, one that underscores the shifting dynamics of global financial power and the emerging role of digital assets in wealth preservation.

The potential impact of Trump’s policies could be far-reaching, heralding a new financial era defined by decentralized assets, self-custody, and a revaluation of global currencies. If Bitcoin achieves the prominence Trump envisions, it transforms the U.S. financial landscape and prompts a broader GCR and RV worldwide, altering the way individuals, governments, and institutions view and interact with currency.

In a world increasingly reliant on digital financial systems, the Trump Bitcoin Vision offers an alternative path, one in which individual freedom, asset sovereignty, and decentralized currency form the foundation of a new economic paradigm. Whether this vision will come to fruition remains uncertain, but it undeniably places Bitcoin at the forefront of America’s evolving economic identity, positioning the U.S. as a potential leader in the global shift toward cryptocurrency-backed stability.

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“Tidbits From TNT” Sunday Morning 11-10-2024

TNT:

Tishwash:  Prime Minister's Advisor Announces US Treasury Support Mechanisms for Iraq

Today, Sunday, the Prime Minister's Advisor, Mazhar Mohammed Salih, announced the mechanisms of the US Treasury's support for Iraq since 2003, while he indicated the continuation of consultations with the US Treasury regarding combating money laundering.

Saleh told the Iraqi News Agency (INA): "The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime," indicating that "the Treasury played an important supporting role in supporting the Paris Club Agreement in 2004 concerned with writing off Iraq's debts called pre-1990 debts, and the presence of Treasury representatives in the Paris Club Agreement Secretariat helped ensure the writing off of 80% or more of the former regime's debts."

“The US Treasury succeeded in supporting infrastructure financing in Iraq through the conference held in the Spanish capital Madrid on October 23-24, 2003. Its primary goal was to mobilize financial support for the reconstruction of Iraq after the US-led invasion in 2003.

Seventy countries and international organizations participated in the conference,” he added, explaining that “the conference was able to collect pledges amounting to about $33 billion, but a large part of these amounts was in the form of loans or technical support, and not all of it was direct financial aid.”

He explained that "the US Treasury contributed to establishing the Iraqi payments system in 2006 through a direct technical agreement with the Central Bank of Iraq to establish a wholesale payments system between the Central Bank on the one hand and the banks and the government in transferring funds and settling them electronically on the other hand, in addition to entering the era of settling bank checks electronically as well, which are matters in financial technology that are being introduced for the first time in our country

Noting that "from the history of the important assistance provided by the Treasury, it has played an important role in replacing the local, fast-forgery edition of the dinar that was issued during the nineties siege in the largest campaign witnessed by Iraq between late 2003 and early 2004 with the international edition of the dinar, according to the highest international technical specifications."

He stressed that "since the signing of the Strategic Framework Agreement in 2008 until today, there have been continuous consultations between representatives of the financial and monetary authorities in our country and the treasury to cooperate in combating money laundering and the proceeds of crime and terrorism in a manner that achieves governance and compliance for our financial and banking system as well as its optimal integration into the global financial and economic climate link

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Tishwash:  Al-Sudani and Czech Ambassador discuss developing relations with the European Union and stopping the war in Gaza and Lebanon

Prime Minister Mohammed Shia Al-Sudani discussed with the Czech Ambassador to Iraq, Jan Schneidov, the necessity for the European Union countries to work to pressure towards stopping the war in Gaza and Lebanon, stressing the importance of delivering urgent relief and humanitarian aid.

 Al-Sudani's media office stated in a statement received by {Al-Furat News} that "the latter received the new Czech Ambassador to Iraq, Jan Schneidov, where he congratulated him on assuming his duties in Iraq. During the meeting, bilateral relations between the Czech Republic and Iraq were discussed, in addition to ways to develop them in various fields, in a way that achieves common interests." 

Al-Sudani stressed the "importance of the European Union countries working to pressure to stop the war on Gaza and Lebanon," stressing the "need to deliver urgent relief and humanitarian aid to limit the serious repercussions caused by the war on the region and the world."  link

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Tishwash:  Article 140 dispute resolved.. Nineveh announces readiness for census day and refutes fears

Nineveh Governorate, northern Iraq, is preparing to conduct a general population census on November 20 and 21, in the first census to be conducted in the country since 1997 .

The population census issue represents a thorny political issue in Iraq, more than it is an organizational procedure, due to its connection to the election process and the quota system on which the political process in Iraq is based after the American invasion .

The total number of Iraqis living inside the country is estimated at about 43 million people, while the number of Iraqis abroad is more than six million, distributed across about 40 Western and Arab countries .

The Ministry of Planning confirms that the aim of the census is to establish a correct and real database on the population to ensure the fair distribution of resources and financial dues to all governorates, in addition to relying on census data in future development programmes.

The ministry points out that the general population census will not deal with the issue of the sectarian, national and religious affiliation of Iraqis, in a new indication that the citizen will not be asked about his sectarian affiliation, which is considered a positive step in the view of Iraqis who oppose the procedures for establishing sub-identities in Iraq .

Fears in Nineveh

Although the census seeks to achieve development goals, political parties in Nineveh have raised some concerns about including disputed areas and displaced people from the province in the census data for the Kurdistan Region .

In this context, Ahlam Al-Kakai, a member of the House of Representatives for Nineveh Governorate, warned against including villages from Nineveh Governorate in the Kurdistan Region in the population census process that will begin next month .

Al-Kakai told Shafaq News Agency, "Some villages in Al-Hamdaniya district in Nineveh, especially the Kakai and Arab villages, were included in the population census in Dohuk Governorate ."

She pointed out that she had communicated with the local authorities in Nineveh and the Statistics Department in Nineveh to find out the reason for including areas of Nineveh in the region in the census, indicating that these authorities had confirmed that this procedure had come in an organizational and administrative manner in agreement between the Iraqi Ministry of Planning and the Kurdistan Regional Government, and that including areas of Nineveh in the census to the region represents a dangerous step and may pave the way for more dangerous subsequent steps, according to her .

Hosting the wallets

These concerns prompted the provincial council to host Nineveh Governor Abdul Qader Al-Dakhil and Nineveh Statistics Director Nawfal Suleiman to discuss these concerns. Provincial Council member Marwan Al-Taie confirmed the council’s rejection of the deployment of Kurdistan Region statistics teams in the disputed areas within the administrative borders of Nineveh Governorate .

Al-Taie told the agency, "The council hosted the governor of Nineveh to verify the information indicating the deployment of census teams affiliated with Kurdistan   in the villages and areas of Nineveh located within the disputed areas that are under the control of the Kurdish forces ."

He added: "The Nineveh Statistics Directorate confirmed that its teams will be deployed in all disputed areas within the administrative borders of Nineveh, and that there is coordination between the Iraqi Ministry of Planning and the Kurdistan Regional Government regarding work in areas under the control of the Peshmerga forces, which are administratively affiliated with Nineveh Governorate ."

Disputed

In contrast, Nineveh Governor Abdul Qadir Al-Dakhil announced that all areas affiliated with Nineveh Governorate, according to the administrative borders that were adopted before April 2003, will be included in the census and within the data specific to Nineveh Governorate, and not within the data of the Kurdistan Region .

Al-Dakhil told Shafaq News Agency, "Nineveh has obtained the first place in Iraq in conducting the experimental population census," stressing the readiness of the census teams to complete the national census mission on the twentieth and twenty-first of this month. He pointed out that there will be a holiday and a curfew on the census days, calling on the people to cooperate with the census teams in order to accomplish development matters in the governorate and all of Iraq .

Al-Dakhil stressed that Nineveh has been subjected to great injustice and oppression throughout the past years due to the failure to conduct a population census, indicating that the official data of the Iraqi state has proven the population of Nineveh to be less than 3 million people, while the real number may exceed five million, indicating that this has had a negative impact on Nineveh and its budgets from the federal government .

Regarding the disputed areas, Al-Dakhil confirmed that there is joint coordination between the Iraqi government and the Kurdistan Regional Government to conduct a population census in the disputed areas in Nineveh Governorate .

He stated that "all the inventory, numbering and census operations that are taking place in the disputed areas will be recorded in the data of Nineveh Governorate," indicating that those areas will include all the lands within the administrative borders of Nineveh before April 2003 .

Displaced people from Sinjar

Regarding the displaced people from Nineveh, especially the Yazidi component displaced from Sinjar district to the Kurdistan Region, Al-Dakhil confirmed that the population census process will prove their residence within their original areas and not in the areas to which they were displaced. He pointed out that the displaced people’s form for the census will include a box about the original place of residence to confirm the areas of the displaced people, especially from Sinjar .

Joint coordination

However, the Nineveh Council member for the Kurdistan Democratic Party, Ahmed Al-Kiki, confirmed that the census work in the disputed areas is being carried out in coordination between the Iraqi government and the Kurdistan Region, while he explained that the statements of some officials, representatives and members in Nineveh reflect their lack of knowledge of the cooperation taking place between Baghdad and Erbil in this regard .

Al-Kiki told the agency, "There is great coordination between the Federal Statistics and Geographic Information Systems Authority and the   Statistics Authority in the Kurdistan Region, to discuss the joint preparations underway to implement the general population and housing census scheduled to be conducted on the twentieth of this November ."

Al-Kiki added: "The purpose of the census is clear to everyone, which is to draw a clear picture of the reality of the situation in order to develop plans, policies and economic and investment strategies to advance the reality of development and improve the level of services provided to citizens." He pointed out that the talk of some members of the Nineveh Provincial Council are ill-considered statements that have no connection to the reality that reflects the strength and solidity of the great cooperation between the central and regional governments .

Ready to set up

Regarding the preparations for the census process, the Director of Nineveh Statistics, Nawfal Suleiman, announced the readiness of the statistics teams in the governorate to conduct the general population census process on November 20 and 21 .

Suleiman said in a statement to Shafaq News Agency: "His department was able, in a short period of time, to prepare approximately 11 thousand people to participate in the national census campaign in Nineveh," adding that "the census teams have completed 97 percent of the enumeration and numbering work, and it is scheduled to complete the enumeration and numbering of buildings within the next two days in the remaining areas located in the Hatra district."

He concluded by saying: "900,000 buildings were counted and numbered in Nineveh, while 1.1 million were counted in Baghdad and 600,000 in Basra. This is evidence that Nineveh is still ahead of many governorates in population." link

Mot.. Happy Veterans Day

Mot: ..... but - it Did!!! 

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

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

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.

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

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

~~~~~~~~~

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 

~~~~~~~~~

🌱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

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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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

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

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

~~~~~~~~~

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

~~~~~~~~~

🌱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

~~~~~~~~~

🌱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

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

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Subscrie to Newsletter

Thank you Dinar Recaps

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.

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