DINARRECAPS8 11/20/24 DINARRECAPS8 11/20/24

Bruce’s Big Call Dinar Intel Tuesday Night 11-19-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, November 19th and you're listening to the big call. I'm really excited to welcome everybody tonight, and to have you come in, no matter where you are around the globe, our satellite team is getting the call out to sometimes as many as 200 countries. And I'm excited everybody's here to listen to there should be a pretty good call tonight. I'm excited about it, and I know you guys are too

All right, so let's talk about what I wanted to bring in my segment to you guys tonight. And so let's talk, first of all, about what they've been doing Saturday and Sunday. This past Saturday and this past Sunday two days ago.

They took four of our currencies, Iraqi Dinar, Vietnamese Dong, Afghanistan, Afghani and the Indonesian Rupiah, those four currencies are being tested on all bank screens around the globe, and they wanted to test and make sure the rates of those were coming up the same in each country where they were showing up.

Transcribed By WiserNow Emailed To Recaps

And all of the tests of play Saturday and Sunday, and they all the word was, they all went off without a hitch. So the system is ready. They test those four currencies, and they're all ready to go

Now in the meantime, certain people, certain bankers, certain hedge fund managers but certain politicians were possibly trying to get a jump on the exchanges and get started doing these prior to the kickoff date for our exchanges to start.

And I don't know how many were involved in that? We don't have numbers like that, and we weren't told there were numbers, but they said they were picked up and arrested for that. So that system is working beautifully around the globe.

The other thing is, we did hear a few days ago - guess it was over the weekend. I heard Saturday and Sunday that it was very likely that we would get started this week, and that was really good news.

Before I give you the good news about that, I want to tell you something that we've been talking about, and that is the restitution and reclamation allowance. Is what I call it, R and R. – and I want to talk to you about Social Security increases -

Alright, R and R - They've made this a little simpler. They've got it divided up into three age groups.

The lowest is starting at the age of 30 to 40. Let's call it 30 to 45 then they have a group from 45 to 60, and then the third group is 60 and older, so called retirement age people, some of them want to security as early as 62 now going to work. We're going to start the group 60 and older.

This group, if you're getting Social Security at age 62 - 65 - 70 whatever, if you're getting Social Security now, your R and R will pay you a lump sum to the bank account where you are receiving Social Security, unless you are exchanging currencies and redeeming Zim, in which case it will be at your appointment in your quantum account.

And you'll find that out as you're activating quantum account, remember what that requires by fingerprint or thumbprint. Password, free account, a new user name for the account, password, a five digit PIN code, number, new email.

Those are the things that three that are required to set up your now the money's going to, let's say it's already in the account for you. Now, when you set it up, you'll see that balance, and you say, Oh, that is my R&R, so write that down as a separate number. Write it down so you'll know how much you actually received in R and R

Write it down so you'll know how much you actually received in R and R, and remember, that's going to include interest paid on loans, bank loans, mortgages, interest paid on credit cards, car loans, etc. All of that is there, plus income taxes paid forever, really, and anything else that I can think of that's all included.

The other thing is the trading of your birth certificate, which they traded on all of our certificates, as though they were bonds, a marriage license if you've been married, a divorce agreement or decree if you've been divorced, a death certificate, if you had a spouse die, all of these things are included in your R and R balance, and you'll have that in your quantum account, and you just need to move some of those monies into your into your wells, Fargo or other bank accounts.

Now that's for the retirement age group. Let's just call them 60 and older - The next let's start with the first group, which was the younger folks that are aged 30 to 45 if you're in that age group, you'll get your R and R paid out over three years, paid to you every month. Whatever that total would be is divided up into 36 monthly payments, and you would receive that every month for three years.

Let's go to the next group, age 45 to 60 that group receive your R and R paid out over two years period every month for 2 years or 24 payments – that’s going to come to you since you're not eligible for Social

If they don't know what your bank account is, or you don't have a bank account, and you're in those groups, group A and group B, let's call it, then you will obviously they would have to get in touch with you, And you have to let them know your account information. They had a lot of that already on us. They already know that for the most part.

All right, here's one more thing about the two younger groups, the group that's age 30 to 45 needs to sign a document saying they're working they keep their job or.

All right, here's one more thing about the two younger groups, the group that's age 30 to 45 needs to sign a document saying they're if they are working, they keep their job for another 15 years.

If they don't have a job, they need to say that they will get a job – it has to be like a 30 week part time or greater part time job.

Now if you're in the second group, which is age 45 to 60, that group, you have to say that you'll sign the agreement that says that you'll work for another 10 years. Okay.

Now remember, this is just the rough idea of what the program is going to be, you'll have to see exactly how it plays out for you based on your age. You know, 58, 59 years old you might just be looking to work another two years, not 10 years. You see what I'm saying, until you hit what we would call retirement age, which, you know, 62 is awfully young to retire.

I don't think there's anything in the Bible about Bible about retiring. I'm not retired, not retired, and Bob's not retired. Sue is not retired. None of us are going to quote, unquote, retire. We might do something different, because we're going to be working our projects and creating leadership teams and all of that to take our projects and run with it, but that's what I wanted to tell you about R & R

When will it start for us? It'll start when we go into redemption center that those of us that are exchanging currency, or those of us who are redeeming our zim, okay? So that's when ours will start. If you're not a currency holder, and you're not doing that I’ve been told it will probably start first week of December.

They want us to have … People that don't have currencies - they want them to have money. So this can be a wonderful Christmas for everybody, and it will be. And remember President Trump talked about Christmas for Thanksgiving. Gonna have a Christmas before Thanksgiving, which is 9 days away not far - a week from this Thursday today is Tuesday

So let's talk a little bit about the Social Security increase. Social Security increases are going to take place. I've been told that could take place by the end of November - I'm going to say no. I think they will all start in December, but if you get your increase, it'll be substantial, not a cost of living allowance, not eight bucks or six bucks. These are real increases.

And I think since tomorrow is the third Wednesday of November, and I just don't know that they're going to have anything additional other than the normal amount they've been getting, I don't think there's I think they intentionally do it in November, but realistically, it should be December that we get the Social Security increase. For those of us in currencies, it's not going to make a whole heck of a lot of difference. It really won't.

Yeah, we'll see it. We'll see it on accounts, but, oh, there's the increase. Okay, so what? And then you'll be involved in other things, all right, so that takes care of R, and R Social Security increases.

Now let's go into what it is we're all here for. And that is the start of the GCR, the RV, the valuation of these currencies. And when we get to start, when are we going to receive our notifications? Bond holders are being told they're going to receive their notifications over night tonight and tomorrow

We shall have their information about how much they have. You know they'll have. They'll have the basic information that go into their accounts and see the funds that are there, and they'll know in that email when they do have access to those funds in their account.

We are fortunately expecting our email notifications from Wells Fargo to come in tomorrow, by or before noon tomorrow. So the plan is, when we receive the 800 number, we call one of the call centers that that we get. You won't know where it is, but you'll be calling under appointment using the toll free number and the zip code for the area that you want to exchange.

So in other words, where you live, zip code, where you work, or zip code where you know you're going to be if you're not home, or not at work or on the road or whatever,

You're going to be exchanging as little as two hours to five hours after you set your appointment, you're available for your first appointments to be exchanged. So in other words, if we get the number between, say, 1030 and noon tomorrow, we should be able to exchange tomorrow, Wednesday afternoon, two o'clock, three o'clock, five o'clock, whatever, whatever it becomes. And that's the best news I have to give you.

So that's what we've been waiting for. I've been waiting 20 years, 13 years on the big call. This is the information we've been looking to receive. Very excited about it. I don't know if my voice is but I'm excited. I'm ready to go, and I'm also ready to get into the med bed as soon as I possibly can and I've been told it could be fairly soon, fairly soon. So I'm looking forward to that

Now currencies have been trading. Currencies are on the Forex. They've been traded. We've got great rates that we're expecting on Dong, even the Bolivar - Over four dollars. And of course, the dinar is going to be great, and they should offer us the contract rate on the dinar, which is very strong, very, very strong.

So I'm super excited about that as well. Dong is has been traded up – hopefully will continue to trade up a little bit more tomorrow and the rest of the week and that’s a good thing for us

There's nothing else I can think of that's crucial right now that you haven't heard me talk about on the big call. Many of you guys have not ever missed a call in 13 years wonderful. I want to thank everybody, though. Of course, bob and sue for having done a beautiful job as co-host on the big call.

So that's what I wanted to bring tonight we’re all looking forward to tomorrow - in the time frame of mid morning to about noon tomorrow is what I.ve been told - from someone who's over redemption centers and heard and got this directly today from the new Treasury in Reno, or a contact in Reno as part of the new US Treasury.

Alright guys, so enjoy it. We'll be in touch with you by email.. If I have any podcasts I do, or that Bob and I do, or even three of us do, we'll put it out as recorded link

You can tell I'm ready to go, and we're all ready to go. This should be our last live call.

This should do it, and we'll take it from here. Let's pray the call out,

Well, good night everybody. Again, watch your emails

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DINARRECAPS8 11/20/24 DINARRECAPS8 11/20/24

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 11-20-24

Good Afternoon Dinar Recaps,

BIS RESEARCH FINDS PROS DOMINATE CRYPTO DEX DEFI EXCHANGES

In traditional finance (TradFi), market makers and high frequency traders act as intermediaries on exchanges. Decentralized Finance (DeFi) was meant to provide an alternative, with retail investors providing liquidity in a crowdsourcing manner.

The Bank for International Settlements (BIS) was curious about the extent of disintermediation, so it crunched the data on decentralized exchange (DEX) transactions. It found that sophisticated players dominate and are equivalent to professional intermediaries in TradFi.

Good Afternoon Dinar Recaps,

The Bank for International Settlements (BIS) was curious about the extent of disintermediation, so it crunched the data on decentralized exchange (DEX) transactions. It found that sophisticated players dominate and are equivalent to professional intermediaries in TradFi..

That said, a sophisticated player in the crypto world could still be a spotty teenager working in their parent’s basement, albeit a wealthy one. So from that perspective, DeFi is democratized.

Despite retail investors making up 93% of DEX liquidity providers (LPs), a few larger actors provide 65-85% of the liquidity on DEXs. They also dominate profits, making an average net return of 3 basis points more daily. That’s equivalent to 11.65% more annually compared to retail LPs. While the average position of a retail investor is $29,000, for the professionals, the figure is $3.7 million.

The BIS found that retail investors earn about 10-25% of fees and are generally less skilled.

More sophisticated AMMs favor the pros
The study focused on Uniswap V3. In the early days of DeFi, the algorithmic model used by most automated market makers (AMMs) was a crude straight line formula. That meant that a crypto holder could provide liquidity in a relatively passive manner.

That changed with Uniswap V3, which encourages liquidity providers to target narrow price ranges close to the market price, helping to provide deeper liquidity around the price action.

Given prices are dynamic, that requires more monitoring. If an LP provides a broad price range, something retail LPs are more prone to do, their position will be inactive some of the time, earning less fees. The research showed that sophisticated LPs provided significantly narrower tick range spreads, less than half of retail LPs’ range.

The introduction of V3 has accelerated the shift to sophisticated players. At launch, sophisticated LPs accounted for 40-50% of transactions, rising to 70-80% by the end of 2023.

Sophisticated LPs show distinct patterns. They target high volume pools where daily trading volume exceeds $10m, and they completely dominate those pools.

Retail LPs provide liquidity to pools where volumes are less than $100,000 a day. Sophisticated LPs also target less volatile trading pairs, which are lower risk.

However, when the markets are in a temporary volatile period, the pros really stand out. During those times, rather than earning 3 basis points more than retail daily, the figure is 2.5 times higher at 7.6 basis points.

@ Newshounds News™

Source: Ledger Insights

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RUSSIA CRACKS DOWN ON CRYPTO MINING AMID WINTER ENERGY CRISIS

▪️Russia plans to ban crypto mining in specific regions to address energy shortages during winter.

▪️The ban will affect Siberia and certain Ukrainian territories under Russian control, with varying degrees of restriction.

▪️The move comes alongside new crypto regulations aimed at overseeing mining activities.

As winter approaches, Russia, one of the world’s top cryptocurrency mining hubs, is gearing up to impose targeted bans on mining to address looming energy shortages. Alongside the U.S., China, Kazakhstan, and Canada, Russia has become a key player in the global mining scene.

However, with winter temperatures plunging and energy demands rising, the country is forced to make tough choices.

The Moscow Times reports that these restrictions will mainly affect Siberia and Ukrainian territories currently under Russian control.

Crypto Mining Restrictions During Winter Months
A government commission, led by Deputy Prime Minister Alexander Novak, has outlined the plan to ensure stable energy supplies during the heating season. Starting December 1, 2024, mining in Siberia will be suspended until March 15, 2025, with similar bans scheduled annually through 2031.

In addition, the North Caucasus and occupied Ukrainian regions will face a total mining ban from December 2024 to March 2031, with no seasonal exemptions, as reported by Kommersant.

New Regulations in Effect

These mining bans are part of a broader set of crypto regulations signed into law by President Vladimir Putin on November 1, 2024. The new rules aim to regulate mining activities and establish infrastructure for experimental cross-border cryptocurrency transactions.

While domestic crypto payments remain illegal, Russian lawmakers view these measures as a possible way to bypass international sanctions by using digital currencies.

The Energy Cost of Crypto Mining
As the world’s second-largest cryptocurrency mining country after the U.S., Russia uses about 16 billion kilowatt-hours annually for mining—roughly 1.5% of its total electricity consumption, according to the Energy Ministry. In addition to the mining bans, the new laws introduce taxes on mining activities, which could generate up to 200 billion roubles ($2 billion) annually for the Russian economy.

Bitcoin Mining Difficulty Soars
Bitcoin’s mining difficulty has recently hit a record 102.29 trillion, reflecting the increasing computational power needed to secure the network.

This key metric adjusts every two weeks to maintain steady block production despite fluctuations in miner activity. Since mid-2024, Bitcoin’s mining difficulty has increased by nearly 20%, driven by intense global competition.

At the same time, Bitcoin’s hash rate peaked at over 900 EH/s before stabilizing around 730 EH/s.

Russia’s decision to implement these mining bans highlights the country’s challenge of supporting the expanding crypto sector while ensuring enough energy is available during peak demand periods.

@ Newshounds News™

Source: Coinpedia

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JUST IN: 🇷🇺🇨🇳 China and Russia officially complete East-Route Natural Gas Pipeline, directly connecting both countries.

The pipeline is expected to deliver 38 billion cubic metres of natural gas annually.

@ Newshounds News™

Source: BRICSNews

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🌱THE "BRUNSON CASE" AND WHY IT IS IMPORTANT | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Thank you Dinar Recaps

Dinar Recaps 20 11/20/24 Dinar Recaps 20 11/20/24

More News, Rumors and Opinions Wed. Afternoon 11-20-2024

KTFA:

Clare: Al-Najjar: The Development Fund aims to mobilize Iraqi savings estimated at $70 billion

11/20/2024

London

The Executive Director of the Iraqi Development Fund, Mohammed Al-Najjar, said on Wednesday that the fund has six goals, one of which is to mobilize the savings of the Iraqi people.

Al-Najjar said during a dialogue seminar organized by the Chatham House Research Center in Britain and attended by the Al-Eqtisad News correspondent, that "the Iraqi government has begun to reform many economic laws that would regulate the lives of citizens and preserve their rights."

KTFA:

Clare: Al-Najjar: The Development Fund aims to mobilize Iraqi savings estimated at $70 billion

11/20/2024

London

The Executive Director of the Iraqi Development Fund, Mohammed Al-Najjar, said on Wednesday that the fund has six goals, one of which is to mobilize the savings of the Iraqi people.

He added that "the Iraqi Development Fund has six goals, including mobilizing the private savings of the Iraqi people, estimated at 60-70 billion dollars."

He explained that "the development road is considered one of the most important strategic projects for Iraq, and several countries will participate in it, and it will shorten the time for transporting goods by 15 days."

Al-Najjar continued that "women in Iraq wear gold worth 18 billion dollars," noting that "Iraq needs 8,000 schools, so the Iraqi Development Fund has granted land to build schools." LINK

Frank26: "HCL BEING PREPARED!!!"........F26

Trade Bank of Iraq opens an office inside the SOMO oil company building

11/17/2024 Baghdad - INA

Today, Sunday, the Trade Bank of Iraq ( TBI ) announced the opening of an office inside the SOMO oil company building.

The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "In cooperation with SOMO, an authorized office was opened inside the company's building to issue documentary credits to facilitate all transactions between the Oil Marketing Company " SOMO " and the bank regarding the export and import operations of all petroleum products."

He added that "this contributes to supporting the national economy and developing the energy sector, which is one of the main drivers of the Iraqi economy," noting that "these measures come within the work plan of the bank's management, represented by its chairman, Bilal Al-Hamdani, to develop banking work."

He stressed that "this will contribute to improving and developing the bank's services provided to all customers in
line with the Prime Minister's directives to develop the banking sector and improve all services."

LINK

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY: The census is for real. Sudani says this is a really really serious census, I want you to participate and he needed us to work with him. Sounds like it has to be tied in with legal things that need to be done and finished up before the official exchange rate rolls out. Just what we think here on the streets. FRANK: After the census I believe things will start to be revealed to you...

Mnt Goat ...the IMF fully intends to repeg the IQD to a basket of currencies once they revalue it and turn it back on FOREX (...this is called a reinstatement...). It will initially be a FREE FLOAT driven by market fluctuations however it will be monitored and my CBI contact has told me they will cap it at a level to control the initial massive swings, if needed. Then over a period, the rate is expected to settle down to its nominal rate. I am told this could be about $3.85ish. The then CBI director in 2011 Dr. Shabibi told his audience in a news media conference on the Iraqi economy that the dinar could sustain a fluctuation as high as $16 USD...I am told that the IMF will use the cap at about $9 - $11 to prevent wild swings out of control that could potentially hurt the basket.

2025. DOLLAR CUT IN HALF. MORE WAR. MORE DEBT. FORCED SUFFERING. BRIDGE TO NEW SYSTEM.

Greg Mannarino: 11-20-2024

https://www.youtube.com/watch?v=S6nUhOP6HZU

'We've Passed the Point of No Return' - Debt Bomb Will Ignite GOLD: Clive Thompson

Commodity Culture: 11-20-2024

Clive Thompson believes the main driver for the gold price is the untenable debt and deficits in Western economies that are only set to accelerate, and he thinks this debt bomb will ignite the gold price higher once it eventually explodes. Clive also provides his outlook for silver, explains where he's seeing value in markets today, and much more.

https://www.youtube.com/watch?v=0NyKfoKCOyA

Dinar Recaps 20 11/20/24 Dinar Recaps 20 11/20/24

Coffee with MarkZ, joined by Andy Schectman. 11/20/2024

Coffee with MarkZ, joined by Andy Schectman. 11/20/2024

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Happy Wednesday and Good Morning fellow RV’ers

Member: Hopefully, this is our big day!

Member: Goldilocks says no new rate in Iraq until 2025

Coffee with MarkZ, joined by Andy Schectman. 11/20/2024

MarkZ Update- Some highlights by PDK-Not verbatim

Member: Happy Wednesday and Good Morning fellow RV’ers

Member: Hopefully, this is our big day!

Member: Goldilocks says no new rate in Iraq until 2025

MZ: He may be right…..but that’s not what my sources say. They believe it will happen this year in Iraq…and I am also hearing before December 10th in Iraq….but just stay grounded.

Member: When Iraq stops the foreign currency auctions….they have to RV. (revalue)

Member: Iraq Census today and tomorrow…along with everything closed and a curfew….would be a great time to flip that switch.

Member: Mark, several sites are "out of Dinar" for resale. May be a good sign

MZ: “ President Barzani ‘s advisor at Chatham House –We need a strategic agreement with Baghdad” This is some of the HCL things they are busy settling.

MZ: “Parliamentary Finance: There is no justification for delaying the 2025 budget schedules” There is a lot of discussion that we could see them this week along with 3 difficult laws passed.

MZ: “Next week : A parliamentarian reveals a political concensus to approve 3 controversial laws” They way they will push them through and pass them. There are rumors that the Hydro Carbon law (HCL) is among those.

MZ: When they pass HCL- we know we are close to being finished. They have already started oil shipments again so I believe it could be done.

MZ: “The Minister of Planning of Kurdistan announces the end of the first and second phases of the census with success” The census is going smoothly so far. They will pretty much have it done and wrapped up by tomorrow night.

MZ: Nothing new from bond folks this morning but, lots of chatter and expectations of real bond money this week starting last night and today. But once again more bond folks are disappearing or becoming unwilling to talk. Many have different appointments from now to early December to receive 1%.

Member: Your bond contact said we wouldn’t have to ask any more dumb questions after today…9 days ago

Member: Bruce is saying that we will get notified by 12 o’clock this afternoon and possibly collect today or tomorrow. Let’s hope he’s right

Member: Praying that this time we all have an amazing holiday season

Thanks Mark , Mods and Andy…….everyone have a blessed day.

Andy Schectman from Miles Franklin joins the stream about minute 30. Please listen to the replay for his information and opinions

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

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

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

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

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

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

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

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

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

Dinar Recaps 20 11/20/24 Dinar Recaps 20 11/20/24

Iraq “Census News” posted by Frank26 and Clare at KTFA 11-20-2024

KTFA:

Frank26: "IF SO... THEN THERE IS A NEW EXCHANGE RATE.".......F26

Finance: Salaries may be funded after census holiday

11/17/2024

An informed source confirmed, today, Sunday, that the Accounting and Budget Department in the Ministry of Finance is currently working to complete the process of financing the salaries of employees in government institutions.

The source told Al Furat News Agency that "if the work is completed, salaries will be released tomorrow, but it is most likely that this will be done after the census holiday, with work continuing on Fridays and Saturdays as usual during the salary funding release periods."

KTFA:

Frank26: "IF SO... THEN THERE IS A NEW EXCHANGE RATE.".......F26

Finance: Salaries may be funded after census holiday

11/17/2024

From.. Raghad LINK

Clare: Iraq census curfew begins

11/19/2024

The curfew for the population census begins in Iraq.

The spokesman for the Ministry of Interior, Brigadier General Muqdad al-Moussawi, announced that the comprehensive curfew, as part of the general preparation process for the population and housing, will begin at midnight (12:00) on the 19th and end at midnight (12:00) on the 21st of this month.

The Supreme Security Committee for the Population Census also confirmed that the curfew will take effect at midnight on the 19th and 20th of November at 2:400, i.e. 12 midnight, and will continue until 2:400 on the 21st and 22nd of November, including the governorates of the Kurdistan Region.

It indicated that the movement of citizens, vehicles and trains will be restricted when the curfew enters into effect between governorates, districts and sub-districts, between urban and rural areas, and between sub-districts and sub-districts and vice versa, except for humanitarian cases, extreme necessity, and what is imposed by security, natural and climatic conditions. LINK

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Clare: Al-Sudani: We are living a historic day with the population census

11/20/2024

Prime Minister Mohammed Shia Al-Sudani during his visit to the headquarters of the Ministry of Planning, the General Authority for Statistics and Geographic Information Systems to follow up on the progress of the implementation of the general population census:

We congratulate all the people on this entitlement that has been suspended for ages, and today is historic.

We are living a historic day with the population census.

Census lays the foundation for a new Iraq

Religious authorities of all religions urged participation in the census.

We have completed a modern census.

Population census is a process whose goal is purely developmental.

We thank citizens for their cooperation and urge them to continue with the meters. LINK

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Clare: Prime Minister's Advisor: National development plans depend on census results

11/20/2024 Baghdad

The Prime Minister's Financial Advisor, Mazhar Mohammed Saleh, confirmed today, Wednesday, that the population census data will direct government investments to improve infrastructure and services, while indicating that national development plans will depend on the census results.

The Prime Minister's Advisor, Mazhar Mohammed Salih, said in an interview with the Iraqi News Agency, which was followed by "Al-Eqtisad News", that "the population census represents a basic strategic tool for achieving sustainable economic growth in Iraq."

He stressed that "the data resulting from this census will contribute to improving government administration, enhancing governance levels, as well as supporting investment and increasing the efficiency of resource use to achieve comprehensive economic development."

Saleh pointed out that “the comprehensive population census provides many essential axes that contribute to achieving these goals, the most prominent of which are:

1. The census helps identify areas that suffer from a lack of services and infrastructure, which directs government investments to improve these sectors, as these investments include water services, roads, electricity, schools, hospitals, and banks.

2. The census provides a detailed database for drawing up effective housing policies.

3. Through detailed data on the workforce, the government can develop policies to support employment, train workers, and stimulate productive sectors to serve the national economy.

4. The comprehensive population census allows for the collection of accurate information on the population size, its geographical distribution, age groups, and educational level, in addition to its contribution to helping the government and the private sector plan better, and determine economic priorities and optimal policies within national development plans, especially the 2024-2028 development plan. LINK

DINARRECAPS8 11/20/24 DINARRECAPS8 11/20/24

Iraq News Highlights and Points to Ponder Wednesday AM 11-20-24

Trade: The General Population Census Will Be A Starting Point For Important Economic Transformations

Tuesday 19 November 2024 19:10 | Economic Number of readings: 253 Baghdad / NINA / The Ministry of Trade confirmed that the general population census is an important step in directing investments, which accelerate development steps in all regions of Iraq.

A statement by the ministry quoted the official spokesman for the ministry, Mohammed Hanoun, as saying: "The government's approach through conducting the general population census, despite the difficulties it faced, is aimed at attracting international efforts to the national labor market in a way that revives the economy, and gives those in charge of the economic file a clear vision of the economic reality by creating a database that represents a starting point for economic policies that aim to address the imbalance in the economic structure."

Trade: The General Population Census Will Be A Starting Point For Important Economic Transformations

Hanoun pointed out that "the general population census step will accurately reflect the reality of human wealth and the percentage of young people, as they represent an important economic force that can be employed in the sectors of knowledge, investment, and various aspects of the economy that have the elements of advancement and development."

The official spokesman for the Ministry of Commerce confirmed that "the general population census is a statistical procedure that represents a database on the numbers of Iraqis and the nature of their work," noting that "it is the first of its kind in decades, as the last census was conducted in 1987."

It is a "message of reassurance to citizens and the country alike, meaning that the country is now safe from saboteurs and terrorist acts, and in a position that allows it to carry out this major and important procedure.

" Hanoun confirmed that "the census will determine the actual number of residents inside the country, and those residing outside the country in cooperation with the Ministry of Foreign Affairs later, and non-Iraqis working and residing will be counted, which will contribute to limiting their numbers and knowing their living conditions."

He pointed out that "the census is the most important source of economic and social data for all countries of the world," indicating that "knowing the results of the census enables the formulation of general policies and the development of strategies related to investment, housing, education, health, and capital investment related to road and communications networks, and the development of public services and development programs, accompanied by enabling countries to distribute Budgets between administrative regions according to development needs.

He continued: "The census helps enable the private sector and investors to drive development, raise the level of urban planning, and support decision-makers in making decisions."

He explained: "The economic view of the population is limited to two aspects: The first is that the population is a consumer force that exerts pressure on the available economic resources, and that these pressures increase in intensity the more limited and unilateral the resources are." / https://ninanews.com/Website/News/Details?key=1169924

How Will The Census Reflect On Drawing The Economic Map Of Iraq? An Expert Answers

Time: 2024/11/20 Reading: 390 times {Economic: Al Furat News} An economic expert stressed the importance of the general population census in Iraq for the benefits it provides in planning the economic and social sectors.

Nabil Al-Marsoumi told Al-Furat News Agency: “Iraq has a long experience in general population censuses, as the first census was in 1920 and the last comprehensive and integrated census was in 1987. During the last 37 years, no population census was conducted and the data was limited to estimates.

Today, it is gaining great importance that develops with time, as it is pivotal for economic and political decision-makers, detailed and accurate databases, population databases on age groups, and analysis of variables in population distribution, and the diversity, comprehensiveness and accuracy of data help decision-makers in drawing up paths for sound economic and social development plans and determining the supply of public goods and services.”

He added, "Census data helps in sector planning, meaning that this economic and social practice includes a package of benefits distributed to the government from the public sector, establishments and individuals, and the private sector benefits by knowing the possibility of future demand for goods and services and diagnosing the transformation in individuals' assets, their income level and sources, and other important variables."

Al Marsoumi explained: “We also benefit from the census by knowing the size and details of the public commodity in the future, and we learn important economic information, including the housing market and sound economic decisions. The government benefits from its results in drawing important economic and social policies in the future by providing a reliable, high-precision database, unlike what is currently being used, which is drawing estimated data based on hypothetical projections.”

The general population census process began this Wednesday morning, with a curfew imposed throughout Iraq, which began at 12 midnight last night and will continue until next Friday. From.. Raghad LINK

Government Advisor: Population Census Is An Essential Tool For Building Effective Strategic Economic Plans

Time: 2024/11/20 Reading: 377 times {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, considered the population census “an essential tool for building effective strategic economic plans and achieving comprehensive and sustainable development.”

Saleh told Al Furat News Agency that "by providing accurate data, the census helps improve the management of the country's material and financial resources, support development funds, and strengthen the national economy in a way that achieves the well-being of society."

He explained, “It can be said that the comprehensive population census leads to direct results, most notably: improving financing programs, i.e. census data provides a clear view of the population’s needs, which contributes to designing financing programs that support small and medium enterprises and enhance local economic growth, as well as strengthening international partnerships, as the population census leads to strengthening these partnerships through the availability of reliable data from the population census that supports requests for financing and assistance from international bodies, such as the World Bank, regional development funds, and other funds associated with multilateral international financial institutions.”

The Future Of International Trade Transactions In US Dollars In Iraq

Samir Al-Nusairi The US dollar is the first global currency for foreign trade transactions between countries of the world. It constitutes 80% of the volume of international financial transactions and represents about 60% of international reserve currencies. The dollar is the only currency that accommodates large financial transactions in the oil and energy sector and global oil trades amounting to 100 million barrels in addition to other commodities. Other currencies constitute about (20%-25%).

The dollar plays a fundamental role in the control of the American economy over the global economy in various fields, and many countries tried to get rid of the dominance of the US dollar in previous periods, but they could not. Therefore, the BRICS group was established, and its member states, namely China, Brazil, India and South Africa, are trying to limit the dominance of the dollar in international commercial and banking transactions, and the number of countries in it has now become about 9 countries.

After several countries joined, including Arab countries such as Egypt, the Kingdom of Saudi Arabia, and the United Arab Emirates, in addition to Ethiopia and Iran in 2024, and its main goals are to limit the dominance of the dollar in global trade, cooperation between the tax and customs authorities of the group’s countries, and to reach the creation of a new currency for use among the group’s countries.

Iraq, with the aim of reorganizing foreign trade financing, began concluding agreements with central banks with which Iraq has extensive trade exchange, in agreement with solid correspondent banks in China, India, the Emirates and Turkey, to deal in Chinese yuan, Indian rupee, Emirati dirham and Turkish lira, to achieve two goals:

the first is to enable our banks to agree with correspondent banks in these countries and other countries to deal directly with them after canceling the electronic platform, and

the second is to introduce new foreign currencies for commercial and banking transactions other than the US dollar, to enable banks that do not have US correspondent banks to continue their foreign transfers with those alternative countries according to special agreements with their central banks.

This can help control the reduction in the widespread local demand for the US dollar, create a state of balance in the money market, and maintain the purchasing power of the local currency, the Iraqi dinar. This method is now in effect, in addition to the existence of dealings in the US dollar as well. https://economy-news.net/content.php?id=50000

DINARRECAPS8 11/20/24 DINARRECAPS8 11/20/24

Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-20-24

Good Morning Dinar Recaps,

BRICS NEWS: 4 NEW COUNTRIES SHOW INTEREST TO JOIN BRICS ALLIANCE

A total of four new countries have expressed their interest in joining the BRICS alliance this month. The number of countries that are ready to be a part of the bloc is only growing lately. The de-dollarization agenda, clubbed with a renewed consideration of local currencies is what’s attracting emerging economies into the bloc.

Four new nations have come forward officially expressing their intent to be a part of the BRICS alliance. The four countries that want to join the bloc are: Bolivia Columbia Libya Namibia

Good Morning Dinar Recaps,

While Bolivia is already a part of the BRICS alliance via the ‘Partner countries.’ It is now looking to be a full-time member. “BRICS is a new alternative that will be able to help first of all countries like Bolivia, but also many others,” said Foreign Minister Celinda Sosa. “This shows that there is a vision of integration, a multilateral vision where all countries have this opportunity,” she said.

Columbia, Libya, and Namibia are knocking on the doors of the BRICS alliance for an official membership. Nonetheless, the expansion could only happen in 2025 as the bloc started the new ‘Partner Countries’ initiative. Therefore, these countries are unlikely to be a part of the grouping this year or any time soon.

The BRICS alliance invited 13 new nations to join the bloc as ‘Partner Countries’ during the 16th summit in Kazan. Russian President Vladimir Putin confirmed that all the countries will officially become partners after they approve the invitation.

“The establishment of a new category of partner countries has become a significant conclusion of the Kazan Summit. The list of potential candidate countries was also agreed upon, to which the Russian presidency will send a relevant invitation,” said Putin.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

PAYPAL TAPS XOOM FOR CROSS-BORDER STABLECOIN PAYMENTS

The partnership is designed to expand access to PYUSD in Asian and African markets, PayPal said

PayPal has tapped Xoom to enable cross-border payments using its stablecoin, PayPal USD, the payments giant said on Nov. 19.

The partnership is designed to expand access to PYUSD in Asian and African markets and let PayPal settle cross-border transactions outside of traditional banking hours, PayPal said.

Xoom is working with Cebuana Lhuillier and Yellow Card to handle PYUSD disbursements.

“[S]tablecoins like PYUSD are changing the payments landscape, and by integrating our technology, they will be able to move money in the most effective way possible thanks to our stablecoin and payments infrastructure,” Chris Maurice, Yellow Card’s CEO, said in a statement.

Launched in 2023, PYUSD is backed 1:1 by US dollars and is issued by Paxos Trust Company, a United States-regulated crypto custodian. It competes with other regulated, dollar-backed stablecoins, such as Circle Internet Financial’s USDC.

An Ethereum-compatible ERC-20 token, PYUSD is the only stablecoin supported on PayPal’s payment rails. It is designed to be “available to an already large and growing community of external developers, wallets and Web3 applications” and easily onboarded by cryptocurrency exchanges, according to PayPal.

PayPal has been taking steps to expand PYUSD’s accessibility, including working with Anchorage Digital to launch a rewards program for clients who custody PayPal USD stablecoins with the crypto custodian.

In May, PayPal launched PYUSD on Solana, partnering with Crypto.com, Phantom and Paxos to on-ramp users onto the blockchain network.

It also partnered with Web3 infrastructure provider MoonPay to buy cryptocurrency using a PayPal account. That partnership extended to on-ramping users to crypto betting platform Polymarket in July.

Coinbase, which also has an institutional custody arm, incentivizes users to hold stablecoins on its platform as well. It currently offers approximately 5.2% annual percentage yield on USDC. Coinbase owns an equity stake in Circle.

Despite its recent successes, PYUSD still greatly lags behind dollar-pegged stablecoins USDT and USDC. According to data from CoinMarketCap, the two leading stablecoins command market capitalizations of some $128 billion and $37 billion, respectively.

@ Newshounds News™

Source: CoinTelegraph

~~~~~~~~~

🌱 MELANIA TRUMP'S LAUNCH OF THE "ON THE MOVE" DIGITAL SERIES IS SIGNIFICANT FOR SEVERAL REASONS | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Dinar Recaps 20 11/20/24 Dinar Recaps 20 11/20/24

News, Rumors and Opinions Wednesday AM 11-20-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 20 Nov. 2024

Compiled Wed. 20 Nov. 2024 12:01 am EST by Judy Byington

Possible Timing: Ezra A. Cohen on Telegram

Tues. 19 Nov. 2024: The clock is ticking and the storm is nearing. This week marks the beginning of the end for the old system. Bank of America, Deutsche Bank and JP Morgan on the brink as stock markets tumble and the QFS rises from the ashes.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 20 Nov. 2024

Compiled Wed. 20 Nov. 2024 12:01 am EST by Judy Byington

Possible Timing: Ezra A. Cohen on Telegram

Wed. 20 Nov. 2024: Iraq rejoices. The new Dinar Rate heralds a new era.

Thurs. 21 Nov. 2024: The QFS is unveiled, ushering in a revolution.

Sat. 30 Nov. 2024: The World tunes in, the EBS activates and no one is left unaffected.

Sun. 1 Dec. to Mon. 2 Dec. 2024: Project Sandman Fall of US Dollar.

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Tues. 19 Nov. 2024 Bruce:

On Sun 17 Nov. they tested four different foreign currencies and they passed the test.

Some politicians were trying to get a early start on the QFS, and they were arrested

Over the weekend Bruce was told we would get started this week

The RR payments are divided into three age groups 30-45 years, 45-60, and 60 plus.

Age Group 60 and older: if you are getting SS your RR will pay you a lump sum to the bank where you receive your SS payment, unless you are exchanging, and then your RR will be put in your Quantum Account as you are exchanging.

Age Group 30-45: you get monthly payments for 30 years. You will be required to sign a document promising to keep on working at your job for another 15 years. If you don’t have a job, you will promise to get a job.

Age Group 45-60: RR monthly payment every year for two years. You will sign an agreement that you will work another ten years.

RR starts to pay out when you are exchanging currency, or if you don’t have currency, the first week of December.

SS increases take place in December. It will be substantial.

GCR RV: Bond Holders will receive notification overnight tomorrow Wed. 20 Nov.

Tier 4b (us, the Internet Group) notification by or before noon tomorrow.

Call the Call Center using the toll free number and the zip code where you want to exchange.

You will have your exchange appointment 2-4 hours after you set your appointment – they could start Wed. afternoon 20 Nov. 2024.

Currencies on the Forex have been trading at great rates. Contract Rate on the Dinar is very strong. Dong has been traded up.

Read full post here: https://dinarchronicles.com/2024/11/20/restored-republic-via-a-gcr-update-as-of-november-20-2024/

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

Militia Man Article: "The deletion of the zeros and evaluate the dinar" They're talking about the concept of currency revaluation which means, quote: "...a calculated upward adjustment of a country's official exchange rate..." This particular article supports the fact that they're openly educating their citizens as we speak...I think you guys really should know how close this is because why would they be talking about this now when it wouldn't be necessary? It would be absolutely 100% talking about it now because they want to make sure everybody knows what's happening, without saying what's happening. That's how it works. It's fascinating to watch...

Frank26 [Iraq boots-on-the-ground report] FIREFLY:IMF on TV news praising Iraq for their financial and banking reforms and development. FRANK: Have you noticed the IMF is constantly, almost weekly, now bragging about the monetary reform process of the Central Bank of Iraq? Bragging about it. If you go to the IMF website, it will tell you in English the Iraqi dinar is going through a revaluation right now. There's no secrets.

Why The Bond Market Collapse Could Trigger The "End Game" | Rafi Farber

Liberty and Finance: 11-19-2024

Rafi Farber highlights that bond yields have been rising even as the Federal Reserve is cutting interest rates, which is unusual.

Historically, when the Fed cuts rates, long-term bond yields tend to fall. This phenomenon hasn't occurred since 1981, signaling that the bond market may be in a bear market.

Farber suggests that the only way the Fed could halt rising bond yields is by buying up the entire bond market, similar to Japan's strategy. However, this could lead to the collapse of the dollar, as the Fed can't engage in such extreme measures without undermining the world's reserve currency.

INTERVIEW TIMELINE:

0:00 Intro

1:20 Bond market crisis

6:24 Preparedness

13:41 Basis trade

16:20 Gold update

19:00 Bitcoin vs gold

23:00 The End Game Investor

https://www.youtube.com/watch?v=7MXbU3UprD8

Dinar Recaps 20 11/20/24 Dinar Recaps 20 11/20/24

“Tidbits From TNT” Wednesday Morning 11-20-2024

TNT:

Tishwash: Iraq launches long-awaited population census, Prime Minister says

Iraqi Prime Minister Mohammed Shia al-Sudani announced that Wednesday, November 20, will mark “a significant developmental and civilizational milestone” as Iraq embarks on its long-awaited census.

In a televised address, al-Sudani stated, "We are initiating the national population census to complete the priorities of the government program, aiming to make the census a modern scientific tool for planning," expressing the government's commitment to serving the Iraqi people.

The census aims, according to Al-Sudani, to shape economic and social development using modern, scientific methods, addressing information gaps in planning, service delivery, and national decision-making.

TNT:

Tishwash: Iraq launches long-awaited population census, Prime Minister says

“Advanced and accurate electronic methods would be used to ensure the census results are reliable and beneficial for the present and future of Iraq.” He said.

The Prime Minister considered that data generated from this census will serve as a “tool for informed decision-making and ensuring equitable distribution of resources and services across governorates," al-Sudani said.

Al-Sudani urged citizens to cooperate with the teams conducting the census, clarifying that it is not related to taxes or social protection but is essential for development across all sectors.

Notably, the census, scheduled for November 20-21, will provide Iraq with its first accurate and comprehensive population data in decades. The last nationwide census was conducted in 1987, while the most recent one in 1997 excluded the Kurdistan Region. Current estimates place Iraq's population at around 43 million.

More than 120,000 field researchers will go door to door, collecting data from households using electronic tablets, in a process supported by the United Nations.

Available in Arabic, Kurdish, and English, the census form will feature 70 questions covering religion, health, education, labor, and economic activity. However, questions regarding an individual's ethnicity, language spoken at home, and ancestry have been excluded.

The initial results will be announced within 24 hours, with the final figures expected to be released within three months. link

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Tishwash: Iraqi Firm Becomes Exclusive Dealer for China’s Rox Motor

Iraq’s Laith Al-Obaidi Group has announced an exclusive dealership agreement with China’s Rox Motor, marking a significant milestone in the Iraqi automotive market.

The agreement was signed during the Guangzhou Nanling Automobile Exhibition by Rox Motor CEO Yan Feng and Laith Al-Obaidi Group CEO Ali Al-Obaidi. This partnership expands Laith Al-Obaidi Group’s portfolio, which now includes eight automotive-focused businesses in Iraq, further strengthening its market presence.

Rox Motor’s innovative Range Extended Electric Vehicles (REVs), combining electric power with an integrated generator, are touted as ideal for the Iraqi market due to their efficiency and suitability for modern consumers.

Beyond Iraq, Rox Motor has also established distribution agreements in Qatar, Kuwait, Azerbaijan, the Philippines, and Egypt, showcasing its growing footprint in emerging markets worldwide. link

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Tishwash: Italy-Iraq: a business forum promoted by Unido Itpo on November 27th in Rome

The aim is to "facilitate partnerships and commercial collaborations between Iraqi and Italian stakeholders"

The Italian Investment and Technology Promotion Office of the United Nations Industrial Development Organization (Unido Itpo) is organizing the “Iraq Business and Cooperation Forum” event in Rome on November 27, in collaboration with Confindustria.

The aim, Unido Itpo reported, is to “facilitate partnerships and business collaborations between Iraqi and Italian stakeholders from institutions, business associations and the private sector in the fields of agri-food, energy and environment, infrastructure and construction, medicine and pharmaceuticals and beyond”.

The Forum will open with a plenary session in the morning, with interventions by high-level representatives of distinguished stakeholders, including the Italian Ministry of Foreign Affairs and International Cooperation, the Italian Agency for Development Cooperation (AICS) and other members of Sistema Italia.

On the Iraqi side, there will be representatives of the Ministry of Industry and Minerals, the Ministry of Commerce, the Iraqi Federation of Industries, the Iraqi Federation of Chambers of Commerce, the National Investment Commission, the Board of Investment of the Kurdistan Regional Government, the Industrial Cities Corporation.

Also present will be the Unido Enterprise Development Centers, which will bring their expertise and knowledge, contributing to the strategic discussions and the resulting developments. The afternoon of the Forum will be dedicated to B2B and B2G meetings, allowing direct interactions between the participating Italian companies and their Iraqi counterparts.

The event is organized within the project “Investment Promotion for Iraq – Phase 2” funded by AICS and the project “Establishing Innovative Platform in Iraq” funded by MAECI, both implemented by UNIDO ITPO Italy. link

Mot . Such Fond Memories of a Winter Past!!!

Mot: What a Guy!!!! Smile for the camera

DINARRECAPS8 11/20/24 DINARRECAPS8 11/20/24

Iraq Economic News and Points to Ponder Tuesday Evening 11-19-24

The Future Of International Trade Transactions In US Dollars In Iraq

The dollar is the only currency that accommodates large financial transactions in the oil and energy sector and global oil trades amounting to 100 million barrels in addition to other commodities. Other currencies constitute about (20%-25%).

The Future Of International Trade Transactions In US Dollars In Iraq

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

Therefore, the BRICS group was established, and its member states, namely China, Brazil, India and South Africa, are trying to limit the dominance of the dollar in international commercial and banking transactions, and the number of countries in it has now become about 9 countries.

the first is to enable our banks to agree with correspondent banks in these countries and other countries to deal directly with them after canceling the electronic platform, and

Foreign Minister And US Ambassador Stress Need To Continue Cooperation And Strengthen Partnership

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein and US Ambassador Alina Romansky stressed the need to continue cooperation and strengthen partnership to serve common interests.

A statement from the Ministry of Foreign Affairs stated that "Deputy Prime Minister Fuad Hussein received the US Ambassador to Iraq Alina Romansky."

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

The statement added that "the meeting discussed the results of the US elections and the expected new administration in Washington, in addition to reviewing the results of the Arab-Islamic Summit and the Climate Summit. The two sides also touched on the tense situation in the regional environment and current challenges."

It continued, "The two parties discussed the course of bilateral relations between the two countries during the current administration, and future expectations for these relations, while stressing the need to continue good cooperation between the two countries and strengthen the partnership to serve common interests." https://www.radionawa.com/all-detail.aspx?jimare=40311

Gold Prices Rise In The Capital Baghdad

Money and business Economy News – Baghdad Gold prices witnessed a rise in the wholesale markets on Al-Nahr Street in Baghdad, where the selling price of one mithqal of 21 karat Gulf, Turkish and European gold was recorded at 545 thousand dinars, while the purchase price reached 541 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold was recorded at 515 thousand dinars, and the purchase price was 511 thousand dinars.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranged between 545,000 and 555,000 dinars, while the selling price of a mithqal of Iraqi gold ranged between 515,000 and 525,000 dinars. https://economy-news.net/content.php?id=49997

Oil Prices Fall Amid Production Shutdowns, War Fears

Energy Economy News – Baghdad Oil prices fell on Tuesday after rising the previous day due to a production shutdown at Norway's Johan Sverdrup oilfield, but investors remained cautious amid concerns about a possible escalation in the war between Russia and Ukraine.

Brent crude futures for January delivery were down 7 cents, or 0.1 percent, at $73.37 a barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures for December delivery were at $69.23 a barrel, down 7 cents, or 0.1 percent. The more active January contract for WTI was down 4 cents, or 0.1 percent, at $69.21.

“Investors remained cautious in assessing the direction of the war between Russia and Ukraine after the escalation we saw over the weekend,” said Toshitaka Tazawa, an analyst at Fujitomi Securities.

Meanwhile, supply concerns persisted due to production problems at some oil fields.

Equinor said on Monday that production from its Johan Sverdrup oilfield, the largest in western Europe, had been halted due to an onshore power outage. A company spokesman said work was underway to restart production, but it was not immediately clear when it would resume. https://economy-news.net/content.php?id=49987

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

Trade: The General Population Census Will Be A Starting Point For Important Economic Transformations

Tuesday 19 November 2024 19:10 | Economic Number of readings: 45 Baghdad / NINA / The Ministry of Trade confirmed that the general population census is an important step in directing investments, which accelerate development steps in all regions of Iraq.

He continued, "It is a developmental work, the aim of which is to direct the country's resources in the right direction, and it is a procedure that serves the country economically and socially, by addressing poverty and unemployment, identifying needy families, the number of workers and unemployed, and improving the economic situation in general. It is a "message of reassurance to citizens and the country alike, meaning that the country is now safe from saboteurs and terrorist acts, and in a position that allows it to carry out this major and important procedure.

He continued: "The census helps enable the private sector and investors to drive development, raise the level of urban planning, and support decision-makers in making decisions."

https://ninanews.com/Website/News/Details?key=1169924

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

DINARRECAPS8 11/19/24 DINARRECAPS8 11/19/24

Seeds of Wisdom RV and Economic Updates Tuesday Evening 11-19-24

Good Evening Dinar Recaps,

CHAINLINK COLLABORATES WITH MICROSOFT ON CBDC COMMISSIONED BY BRAZIL’S CENTRAL BANK

Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil’s proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country.

In a press release, Chainlink says it is collaborating with Microsoft Brazil, digital bank Banco Inter and blockchain finance firm 7COMm to build a trade finance solution as part of the second phase of the DREX pilot.

Good Evening Dinar Recaps,

The goal of the pilot, according to the announcement, is to “demonstrate the automated settlement of agricultural commodity transactions across borders, across platforms, and via different currencies.”

Chainlink will use its Cross-Chain Interoperability Protocol (CCIP) to create interoperability between Brazil’s Central Bank and other foreign banks using DREX, ensuring efficient transaction settlements.

The pilot also aims to tokenize an Electronic Bill of Lading (eBoL) – or receipts for cargo used by shippers and carriers – and put them on-chain using supply chain data to trigger payments to exporters.

Says Angela Walker, global head of banking and capital markets at Chainlink Labs,

“We look forward to working with the Central Bank of Brazil, Banco Inter, and Microsoft to demonstrate how the adoption of blockchain technology combined with Chainlink’s interoperability protocol CCIP can transform trade finance… Chainlink CCIP is essential to enabling secure cross-border, cross-currency, and cross-chain transactions and will help showcase what tokenized assets can do at scale for this key CBDC use case in Brazil.”

Chainlink’s CCIP technology was recently used by Swiss crypto firm Taurus in its proof-of-concept run with asset management giant State Street to tokenize funds.

Chainlink creator Sergey Nazarov recently predicted that CCIP would help real-world assets (RWAs) overtake the value of all other sectors in crypto, and become the main mechanisms that allows traditional finance to bring trillions of dollars into the blockchain industry.

“So this is kind of the world that I think we should all be preparing for, and that the Chainlink ecosystem is working towards, by both enabling DeFi to grow and be secure and reach the kind of level of reliability and guarantees that the DeFi community needs and that the TradFi community needs, and enabling the TradFi community’s value to flow onto blockchains and into the DeFi ecosystem eventually.

What this will result in, if it works as intended, is CCIP (cross-chain interoperability protocol) becoming one of the key protocols of the Internet, what we call the Internet of contracts and internet of value. Because CCIP is fundamentally the data and value transport mechanism by which that data and value flows into and across all of those chains.”

@ Newshounds News™

Source: The Daily Hodl

~~~~~~~~~

BRIAN ARMSTRONG PROPOSES US SOVEREIGN WEALTH FUND THAT PAYS AMERICANS DIVIDENDS THROUGH ELON MUSK’S D.O.G.E.

Coinbase co-founder and CEO Brian Armstrong is proposing a plan that would pay dividends to Americans while making the size of the government leaner.

Armstrong says on the social media platform X that President-elect Donald Trump’s proposed Department of Government Efficiency (DOGE) is a “once in a lifetime opportunity” to “cut the size of government back to health.”

According to the Coinbase CEO, America’s founding fathers may have failed to anticipate the tendency of politicians to promise more free stuff in an effort to get more votes.

“To future-proof this, we may need a constitutional amendment capping total government expenditure (at say 10%), or a way to align incentives.”

Armstrong says that the creation of a US sovereign wealth fund could potentially help in increasing federal government spending when necessary while curtailing expenditure over the long term.

“You’d ideally have a way to temporarily dial up burn (say in wartime), but still have the right incentives to not let spending get totally out of control longer term.

An example would be a US sovereign wealth fund, where every citizen gets a share (maybe people can buy more if they want), and any budget surplus pays a dividend.

Every citizen then has skin in the game. Maybe Congress gets a slightly larger stake.”

To support his argument for a leaner US federal government, the Coinbase CEO says,

“[Economist and Nobel laureate] Milton Friedman famously suggested the function of government be limited to:

1. Courts to enforce contracts and settle disputes.

2. Police to keep the peace at home (enforce laws, protect property rights).

3. Military for national defense.”

Billionaire tech mogul Elon Musk, who was handpicked by Trump to spearhead the Department of Government Efficiency (DOGE), responded to Armstrong saying, “Milton Friedman was great.”

Last week, President-elect Donald Trump announced he was appointing Musk and biotech entrepreneur, Vivek Ramaswamy, to lead DOGE shortly after his election. Trump said DOGE would help his administration’s quest to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures and restructure federal agencies.”

@ Newshounds News™