Seeds of Wisdom RV and Economic Updates Thursday Evening 12-12-24

Good Evening Dinar Recaps,

GOLDMAN SACHS CEO DAVID SOLOMON SAYS BANK NEEDS REGULATIONS TO CHANGE BEFORE LOOKING AT CRYPTO: REPORT

The CEO of Wall Street titan Goldman Sachs reportedly says the investment bank is not diving into crypto without regulatory permission.

According to Reuters, David Solomon says US regulations need to change before the bank can start holding and trading crypto assets.

Says Solomon during an interview at the Reuters NEXT conference in New York,

“That’s a question you have to ask regulators. At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal.

We give our clients advice around a variety of these technologies and these issues and will continue to do that, but for the moment our ability to act in these markets is extremely limited from a regulatory perspective.”

Solomon’s statement comes amid growing interest in crypto-focused financial products. Investment giant BlackRock’s Bitcoin (BTC) exchange-traded fund is now bigger than its gold exchange-traded fund despite the latter’s 19-year head start.

The crypto market is also anticipated to explode following the victory of Donald Trump in the November election. The president-elect promised to implement policies that will solidify crypto self-custody and bolster the growth of the industry.

Trump also picked crypto-friendly Scott Bessent and Paul Atkins as Treasury Secretary and U.S. Securities and Exchange Commission (SEC) chair, which is regarded as an early sign of an incoming shift in the government’s stance on digital assets.

@ Newshounds News™

Source:  DailyHodl

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IOTA COFOUNDER MEETS PHILIPPINE SECRETARY OF TRADE TO DISCUSS EXPANSION IN SOUTH EAST ASIA

▪️Dominik Schiener met Philippine Trade Secretary Cristina Aldeguer-Roque to explore integrating IOTA’s TWIN logistics network into Southeast Asia by 2025.

▪️IOTA’s Rebased protocol introduces a dual-contract system (EVM and MoveVM) enabling 50,000+ transactions per second with minimal latency.

IOTA, a decentralized blockchain solution known for its scalability and efficiency, is ramping up its efforts in Southeast Asia. In a strategic move, Dominik Schiener, IOTA’s co-founder, engaged in an important discussion with Cristina Aldeguer-Roque, the Secretary of Trade for the Philippines.

 This meeting occurred during a high-profile international summit, setting the tone for IOTA’s expanding footprint in the region.  

The session highlights cooperation between prominent industry leaders and government officials. Discussions reflect a strategic vision to incorporate TWIN into Southeast Asia’s logistics networks, with the aim of implementing it by 2025. 

TWIN seeks to optimize trade processes by merging physical goods with digital infrastructure, eliminating inefficiencies and boosting transparency.

Rebased Upgrade Solidifies IOTA’s Expansion

In parallel, IOTA continues to evolve its ecosystem by introducing the Rebased protocol, which represents a pivotal upgrade for the platform. 

Building on earlier updates like Stardust, Rebased brings groundbreaking changes, solidifying IOTA’s standing as a leading blockchain innovator. Features such as low transaction fees, staking rewards, and enhanced scalability further underline its commitment to progress.  

The Rebased protocol introduces advanced smart contract capabilities through its unique dual-contract framework, which blends the Ethereum Virtual Machine (EVM) with MoveVM. Developers can now leverage Ethereum-compatible tools or Move-based programming languages to create seamless, scalable solutions on the IOTA network.  

Moreover, the Mysticeti consensus switch bolsters the protocol’s capacity, enabling over 50,000 transactions per second with minimal latency. This ensures faster finality while retaining decentralization. Notably, IOTA’s adaptive fee burn mechanism keeps transaction costs low, catering to a wide spectrum of users.  

The network’s staking model offers attractive incentives, with an initial annual inflation rate of 6-7% and staking yields as high as 10-15% for participants. Such robust features are steering IOTA toward a sustainable future, fostering innovation in decentralized finance (DeFi) and other blockchain applications.  

Expanding Ecosystems and Strategic Partnerships

IOTA’s commitment to scalability is evident in the recent growth of its Ethereum Virtual Machine (EVM) Layer 2 platform. Introduced in June 2024, the platform achieved remarkable success, with its Total Value Locked (TVL) climbing from $30 million to $86 million. To further encourage DeFi adoption, IOTA has set aside $28 million for development over the next two years.  

On a global scale, IOTA has forged critical alliances. Notable partnerships include the development of Kenya’s Trade and Logistics Information Pipeline, the tokenization of U.S. Treasuries with Realize, and collaborations with Rabby Wallet, LayerZero, and Pyth Network. These ventures showcase IOTA’s dedication to practical applications of blockchain technology.

As 2025 approaches, all eyes are on IOTA to see how it will continue reshaping the digital landscape, driving transparency, efficiency, and growth across industries worldwide.

@ Newshounds News™

Source:  Crypto News Flash

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JUST IN: COINBASE SCORES MAJOR WIN IN FOIA CASE AGAINST FDIC

A Federal Judge has once again ruled in favor of Coinbase as FDIC's redactions in core files were called into question

American crypto trading firm Coinbase Global Inc. has scored another major win against the Federal Deposit Insurance Commission (FDIC) in its ongoing Freedom of Information Act (FOIA) legal battle. This new ruling flags the FDIC for making what the court called “nuanced redactions.”

Coinbase and FDIC: Where is The Case Heading?

According to excerpts of the ruling shared by Paul Grewal, the exchange’s Chief Legal Officer, the Judge said FDIC acted in bad faith with its redactions. The judge noted that the market regulator cannot just “blanket redact everything that is not a preposition.”

This new ruling comes as Coinbase shared documents last week that exposed the FDIC’s role in the much criticized Operation Chokepoint 2.0.

@ Newshounds News™

Source:  CoinGape

Read more:  X .com 

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12 Assets To Avoid Leaving to Your Heirs When You Die

12 Assets To Avoid Leaving to Your Heirs When You Die

Jennifer Taylor Thu, December 12, 2024 GOBankingRates

You want to leave your loved ones with assets that will enrich their lives. However, not all assets are created equal. Despite your best intentions, some of the assets you plan to bestow upon your heirs might be more of a headache. Whether they’re difficult to manage or potentially costly, you won’t be doing them any favors.

GOBankingRates spoke with financial advisors to find out which assets you don’t want to pass on. Here’s what they had to say.

Tax-Deferred Accounts

You worked hard to save for retirement, so it makes sense that you want to leave any remaining balance in your accounts to your heirs.

“Tax brackets are key to building this proactive inheritance strategy,” said Chad W. Holmes, CFP, CPWA, founder and financial planner at Formula Wealth in Montgomery, Alabama. If you’re in a lower tax bracket than your children, he said it might make sense to advance IRA withdrawals over the period of a few years.

“By spreading out this taxable income over multiple years, they never have a spike in tax rates,” he said. “When they pay taxes on the tax-deferred assets, they’re able to put the money into an after-tax account where it can again be invested.”

Ultimately, he said this is the best way to ensure they get as much of your hard-earned money as possible.

“Now the higher tax bracket children will receive an asset that gets a step up in basis at death, essentially inheriting the funds with no built in gains or taxes,” he said.

Health Savings Account

An HSA can be a good or bad investment to pass on, depending on who the heir is in relation to you. If you leave it to a spouse, they’ll be able to continue using the money for medical expenses with no taxes or penalties, said Pam Horack, CFP at Pathfinder Planning LLC of Lake Wylie, South Carolina.

“However, if you leave an HSA to your child, estate or other organization, it may be considered income in the year it is received,” she said. “They are not allowed to use the tax advantages for their own healthcare, and the income could inadvertently throw your heirs into a higher tax bracket.”

Real Estate Properties With High Maintenance Costs

In theory, leaving real estate to your heirs might seem like a good inheritance, but it depends on the property.

 “Properties that require extensive upkeep, such as large estates or vacation homes, can burden heirs with ongoing expenses,” said Alex Doyle, CFP, wealth manager at Woodson Wealth Management in Rochester, New York. “Consider selling such properties or converting them into rental properties to generate income, or even donating them to a charitable organization.”

Illiquid Investments

TO READ MORE: https://www.yahoo.com/finance/news/m-financial-advisor-don-t-180050195.html

Evening News with MarkZ and Dr. Scott Young. 12/12/2024

Evening News with MarkZ and Dr. Scott Young. 12/12/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

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/

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=3A61XdTwr5g

More News, Rumors and Opinions Thursday PM 12-12-2024

TNT:

Tishwash:  Iran takes over OPEC presidency, Iraq as vice-president for 2025

On Wednesday, the Oil Exporting Countries (OPEC) elected Iranian Oil Minister Mohsen Paknejad as interim president of the organization's conference for the year 2025, and Iraqi Oil Minister Hayan Abdul Ghani as vice president.

Iranian Minister Paknejad told reporters about the 189th OPEC conference held via video today, "Various issues were raised in this meeting, the most important of which is Iran assuming the presidency of the next OPEC session in 2025," according to Iranian media.

He added, "In this meeting, the Iraqi Oil Minister was appointed as Vice President of OPEC."

The Iranian Minister expressed his thanks to the President of the Conference and the Ministers of OPEC Member States for their confidence and choosing the Iranian Oil Minister as President of the OPEC Conference in 2025.

"As the President of the OPEC Conference for the year 2025, I will commit myself to harnessing all my capabilities and doing my utmost to enhance the spirit of cooperation, cohesion, solidarity and progress in this organization," Paknejad said.

Yesterday, Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) renewed the mandate of its Secretary-General, Haitham Al-Ghais, for another three years, during a virtual meeting held yesterday.

Al-Ghais took office in early August 2022, replacing Mohammed Barkindo of Nigeria, and OPEC decided to hold its next regular meeting on May 28, 2025.  link

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Tishwash:  Kurdistan Region signs trade agreement with India

The Chamber of Commerce in Erbil, the capital of the Kurdistan Region, signed an agreement on Thursday to enhance trade with India.

The head of the Erbil Chamber of Commerce, Gilan Haj Saeed, told Shafaq News Agency, "The relations of the Kurdistan Region with India are old, and we always hope for the development of these relations in all fields. India is one of the main countries importing oil to Iraq, and likewise Iraq is a major importer of Indian products."

Haj Saeed expressed his hope that the signing of the Memorandum of Understanding today would be a good incentive to enhance the trade process between the two sides and to include all areas in a way that serves the common interests.

He also hoped that Indian companies would invest in the Kurdistan Region under the current investment law that provides great facilities to investors so that the foreign investor would be considered like the local investor with all privileges, pointing out that "the Kurdistan market needs investments in all fields."link

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

Mnt Goat   “THE TURNING POINT: IRAQ’S LEAP INTO THE DIGITAL ECONOMY”   This is...a shift towards better financial inclusion... Iraq’s transition to digital payments will unlock a range of economic benefits and  I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros...and the plan to end the currency auctions of using dollars to electronic transactions by the end of the 2024...in about 3 weeks...  We...look forward to the initiation of the Project to Delete the Zeros, if in fact the CBI does intend to reinstate the dinar back on FOREX... Let’s all keep an eye for what happens when Iraq finally makes this huge transition away from using purely cash to all digital.

MarkZ   [via PDK]  I have gotten another report from another Iraq contractor saying that they are due to renegotiate rates on their contracts with the government of Iraq this week. So I am going to say that the rumors out there with contractors are true at this point. I am definitely hearing that a number of contractors are negotiating rates on contracts in the low $3 range. This has me exceptionally excited.

Good News: Baghdad Selected ATO Capital for 2025; USD/IQD 1310 to $1.00

Edu Matrix:  12-12-2024

Good News: Baghdad has been Selected as the Arab Tourism Organization (ATO) Capital for 2025. This is a big deal for Iraq and could be the beginning of massive tourism income.

Prime Minister Mohammed S. Al-Sudani expressed his gratitude to everyone who contributed to this achievement, adding: "These initiatives aim to enhance service standards and modernize the capital's infrastructure to a level that reflects its historical and cultural stature and that of Iraq as a whole."

The ATO, or the Arab Tourism Organization, was founded in 1954 in Cairo, Egypt. Its mission is to promote tourism in the Arab states and coordinate all efforts to draw up a unified Arab tourist policy.

The organization provides members with all possible services and assists them in acquiring professionalism by supplying them with relevant studies and information. It also removes obstacles to the expansion of tourism.

https://www.youtube.com/watch?v=DSCkSMoWBp4

6 Reasons Your Tax Refund Will Be Higher in 2025

6 Reasons Your Tax Refund Will Be Higher in 2025

Jordan Rosenfeld  Thu, December 12, 2024 GOBankingRates

Tax refunds can feel like the reward for the hassle of filing your taxes, but many Americans forget that this is not extra money coming back to you, but your own money that, in essence, you overpaid (or under-deducted) to the government.  A big tax refund might actually be a sign of financial changes you need to make with your accountant, but who doesn’t like getting money back instead of paying it out?

According to Alex Freund, a financial advisor and owner of Freund & Smith Advisors, a Northwestern Mutual firm, here are six reasons why your tax refund could be higher in 2025.

If You Earned the Same (or Less) Income as Last Year

A common reason you might wind up with more money back in 2025 is if you earned the same, or even less, income because there are inflationary adjustments that occur to the tax rates, brackets and deductions, Freund explained.

“Almost everything in the tax code is stipulated and scheduled to increase on an annual basis with inflation,” Freund said.

If you don’t make any more income in 2025 compared to 2024, you’ll actually pay less in taxes and get a bigger refund “because the deductions are going up by inflation as well as the brackets,” he said.

If You Made Increased Contributions to Retirement Accounts

If you made any increased contributions to tax advantaged retirement accounts, such as a 401(k), which reduce your taxable income now, the taxes on your gains or even later upon withdrawal, such as with a Roth IRA, your refund might be higher. Freund pointed out that the federal government provides these kinds of deductions to “incentivize people to make these contributions so they aren’t broke or asset-less as they get near or into retirement, or be fully reliant on Social Security or government assistance.”

For example, he said, let’s say a couple is in a 22% tax bracket. If you’re married filing jointly, that’s generally taxable income between $100,000 and $200,000, you’re paying about 22 cents on every dollar in taxes. “Well, the same holds true if you put away a dollar into a retirement plan — you’re saving about 22 cents in taxes,” he said.

If You Take Self-Employment Deductions

The self-employed small-business person or independent contractor is entitled to take a variety of deductions for “reasonable and necessary” business expenses and operations, Freund explained. While you want to work with a CPA to make sure you’re doing this correctly, if you had greater expenses or discovered new deductions you’re eligible for, this could reduce your taxable income and potentially see a return to you of more of the taxes you paid to the government.

If You Qualify For Tax Credits

Tax credits are basically “government incentives to do something,” Freund said, and they can reduce your taxable income. “So in this world where we’re trying to become more green, you have tax credits for installing efficient furnaces and air conditioning units and solar panels on your house, efficient washers and dryers, et cetera,” he explained.

TO READ MORE:  https://www.yahoo.com/finance/news/6-reasons-tax-refund-higher-160023489.html

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 12-12-24

Good Afternoon Dinar Recaps,

TEXAS LAWMAKER PROPOSES STRATEGIC BITCOIN RESERVE

Texas Representative Giovanni Capriglione proposed a taxpayer-free Strategic Bitcoin Reserve.

Texas State Representative Giovanni Capriglione has introduced a bill to establish a Strategic Bitcoin Reserve for the state.

The announcement was made during a discussion on Spaces hosted by Dennis Porter of the Satoshi Action Fund, an organization focused on Bitcoin policy advocacy.

Key provisions of the bill include:

▪️Acquiring Bitcoin as a reserve asset.

▪️Storing the Bitcoin in cold storage for a minimum of five years.

▪️Allowing residents to contribute Bitcoin donations.

▪️Ensuring transparency through annual reports and audits.

▪️Permitting state agencies to accept cryptocurrencies and convert them into Bitcoin.

▪️Establishing guidelines for security and reserve management.

The bill specifies that it will take effect immediately if passed with a two-thirds majority in both legislative houses; otherwise, it will become effective on September 1st, 2025.

This proposal aligns with broader interest in Bitcoin reserves in the U.S. and globally. Earlier this year, a similar federal Strategic Bitcoin Reserve bill was introduced by Senator Cynthia Lummis.

Other states, such as Pennsylvania, and countries including Russia and Brazil, have also put forth similar initiatives.

Lee Bratcher, President of the Texas Blockchain Council, expressed support for the proposal, highlighting Representative Capriglione’s leadership role and noting that the plan does not involve taxpayer funding.

The bill’s progress will depend on legislative deliberation and public feedback, as its implications for Texas’s financial strategy and digital asset policy come under consideration.

@ Newshounds News™

Source:  BTC Times ,  X .com

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RAY DALIO SAYS TO INVEST IN BTC AND GOLD, NOT DEBT ASSETS: REPORT

Dalio says he is investing in BTC and gold, not debt assets because the latter would lose their value due to an incoming debt crisis among major economies.

Ray Dalio, an American investor and founder of the world’s largest hedge fund, Bridgewater Associates, says he is investing in bitcoin (BTC) and gold rather than debt assets.

The billionaire, who now serves as Bridgewater Associates’ investment chief, is more interested in the precious metal and cryptocurrency because they are “hard money.”

On the other hand, debt assets like bonds are to be avoided because major economies are bound to face debt crises in the coming years, leading to a decline in their value.

BTC and Gold Over Debt Assets

According to a report from the South China Morning Post, Dalio dropped his remarks on BTC and gold during a speech on December 10 at the Abu Dhabi Finance Week (ADFW).

He stated that all major economies, including the United States, China, and, excluding Germany, are seeing their indebtedness surge to unprecedented levels. Unfortunately, these levels are unsustainable, and there could be a debt money problem in the future.

“I believe that there would likely be a pending debt money problem. I want to steer away from debt assets like bonds and debt and have some hard money like gold and bitcoin,” Dalio said.

The billionaire further explained that debt, money, the economy, acts of nature, and the invention of new technologies are the forces driving everything in the world. Other factors, such as countries’ political and external geopolitical orders, could contribute significantly. 

Judging by Dalio’s preference for BTC and gold, he believes these assets are the best for preserving wealth as the world reacts to these forces.

“Don’t get too caught up on the twists and turns of the day-to-day headlines, and instead, think more about the big forces. Think strategically as well as tactically, taking a global perspective while recognizing that what you don’t know about the future is more than what you do know,” the Bridgewater founder added.

BTC Exceeds Dalio’s Expectations

Dalio used to be a Bitcoin critic a few years ago. In 2020, he opined that the crypto asset is unlikely to perform as remarkably as people hoped. Bitcoin was worth around $15,000 at the time.

Four years later, Dalio has become a Bitcoin advocate and now considers the cryptocurrency a better option than debt assets, especially with BTC crossing $100,000 for the first time.

@ Newshounds News™

Source:  CryptoPotato

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ROGER VER CLAIMS US TARGETS HIM FOR BITCOIN ADVOCACY, NOT TAXES

Roger Ver, also known as “Bitcoin Jesus,” contests US DOJ tax evasion charges, alleging political retaliation over his crypto advocacy.

Roger Ver, widely known as “Bitcoin Jesus” for his early promotion of cryptocurrency, is contesting charges made against him by the United States Department of Justice (DOJ).

Ver, who renounced his US citizenship in 2014, was arrested in Spain in April. US authorities are seeking his extradition on charges including tax evasion, mail fraud and filing false tax returns.

Prosecutors claim Ver undervalued his assets and failed to report ownership of about 131,000 Bitcoin. He denied the allegations in an interview with Tucker Carlson on Dec. 10.

“I wasn’t an American citizen or living in the US at the time these claims were made,” Ver said. He accused the US government of being “angry” not about taxes but about his “lack of obedience.”

Legal history

According to the DOJ, Ver failed to report significant capital gains from Bitcoin sales and underreported the value of two companies when he renounced his US citizenship in 2014.

Prosecutors allege Ver concealed 131,000 BTC, worth nearly $240 million at the time of sale in 2017, leading to a $48 million tax shortfall.

Ver’s defense argues the allegations are outdated and stem from ambiguous cryptocurrency tax laws. His legal team also contends that US prosecutors misused confidential communications and violated legal protections.

Political retaliation claims

In the interview with Carlson, Ver insisted that the charges don’t stem from tax charges but from his high-profile promotion of cryptocurrencies, which he believes threatens government control of money systems.

He also said that US intelligence agencies orchestrated a campaign to suppress BTC’s original goal of decentralization.

The Bitcoin evangelist also linked his indictment to the recent publication of his book, which he claimed exposes government interference in the cryptocurrency industry.

Tax evasion charges dismissal

On Dec. 3, Ver moved to dismiss the US tax evasion charges by claiming the case was “unconstitutional” and arguing that the Internal Revenue Service’s (IRS) exit tax was “inscrutably vague.”

In the filing, he said that the charges relied on “provisions of the US tax laws” that were unclear about the “application to digital assets of the kind that underlie the charges.”

The IRS exit tax requires that US citizen pay all required taxes before renouncing their citizenship and removing themselves from the country’s taxation system.

@ Newshounds News™

Source:  CoinTelegraph

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CHRISTMAS CALL FROM OUR FAMILY TO OKIE AND ALL!  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Some “ Iraq News” Posted by Clare at KTFA 12-12-2024

KTFA:

Clare:  With the participation of 80 companies.. Opening of the Iraq International Exhibition for Building and Construction

12/12/2024  Baghdad - WAA - Hassan Al-Fawaz

Baghdad Governor Abdul Mutalib Al-Alawi opened the Iraq International Exhibition for Construction, Building and Infrastructure today, Thursday, while pointing out that most of the participating companies are from the private sector, which is the main partner in the process of construction, reconstruction and development.

Baghdad Governor Abdul Mutalib Al-Alawi said during the opening of the Iraq International Exhibition for Construction, Building and Infrastructure to the Iraqi News Agency (INA): "Today we opened this exhibition, which contains materials involved in the field of construction and reconstruction taking place in Iraq in general and especially in the capital, Baghdad."

He added, "The products of these companies on display are made with the latest technologies and we are in dire need of them as Iraq is witnessing a major urban renaissance, in addition to the market's need for such products," noting that "most of the companies participating today are from the private sector, which is the main partner in the process of construction, reconstruction and development in general."

He explained that "these companies come to Baghdad and display their products, and they will have a share in the Iraqi market and contribute to development in all governorates."

For his part, the Assistant Director General of the Private Sector Development Department at the Ministry of Trade, Mohammed Hanoun, confirmed to the Iraqi News Agency (INA), that "Iraq is witnessing a major urban renaissance that requires international, Arab and Iraqi companies to participate in the process of construction, rehabilitation and reconstruction, as well as strengthening partnerships between the Iraqi and international private sectors and giving a realistic picture of what Iraq is witnessing in terms of reconstruction and building."

He pointed out that "international companies provide many construction materials that will in turn contribute to the construction process that Iraq is witnessing, noting that "this exhibition, in its third edition, is the largest in terms of the participating companies and the quality of the materials on display."

He added, "We aspire to achieve a partnership between the Iraqi and international private sectors, and for state institutions to benefit from this exhibition in a way that enhances development, construction, reconstruction and investment in Iraq."   LINK

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Clare:  The Securities Commission warns against dealing with fictitious companies claiming to provide stock trading services

12/12/2024  Baghdad

The Securities Commission warned citizens, on Thursday, against dealing with fictitious companies that claim to provide online stock trading services.

A statement by the Authority, seen by Al-Eqtisad News, quoted its Chairman, Faisal Al-Haims, as saying, “These misleading companies that publish their advertisements on social media sites aim to exploit and deceive citizens.”

Al-Haimas called on "citizens to invest in the Iraqi Stock Exchange, where there is a safe investment environment and companies licensed by the Commission, subject to strict controls and laws set to protect investors and guarantee their rights."

He added, "The Iraq Stock Exchange includes reliable companies operating in various sectors, and provides promising investment opportunities. We invite everyone to visit the official website of the Securities Commission to verify the companies authorized to trade."

The Authority indicated that it "continues to monitor the market and take the necessary measures against illegal entities," stressing "the importance of being accurate and avoiding dealing with suspicious entities."   LINK

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Clare:  Central Bank Governor: Opening external channels with foreign currencies to eliminate the black market

12/12/2024  Baghdad - WAA -

Governor of the Central Bank, Ali Al-Alaq, confirmed today, Thursday, that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement received by the Iraqi News Agency (INA): "The governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market. "

The governor of the Central Bank stressed - according to the statement - the need to make efforts to achieve fluidity and provide the best banking services to the bank's customers.

The governor pointed out that "the Central Bank's continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market."  LINK

Clare:  MP reveals movement to call for early elections: Ending the parliament that offers nothing to the people

12/12/2024

Independent MP Mohammed Al-Ziyadi revealed on Thursday that there is a desire to submit a request to the presidency of the House of Representatives to hold early elections and end the work of the current House of Representatives, indicating that the parliament was unable to legislate important disputed laws. 

Al-Ziyadi told Shafaq News Agency, "The House of Representatives, during the period of extending the legislative term, was unable to legislate important and disputed laws," stressing that "the heads of the political blocs were unable to manage the sessions." 

Al-Ziyadi continued: “If the legislative role of the House of Representatives continues to be disrupted after the holiday and in the next legislative session, we will collect signatures to demand early elections and the end of this council, which is no longer able to provide services to the citizen or the country.”

He explained, saying: “After the legislative holiday and in the next legislative session, we will submit a request to the Council Presidency to hold early elections for the House of Representatives by amending the elections law and setting a date for holding legislative elections in the country.”

The Iraqi Council of Representatives failed to hold its 20th regular session on Sunday, December 8, to vote on proposed laws, Personal Status Law No. 188 of 1959, the return of properties to their owners covered by some decisions of the dissolved Revolutionary Command Council, and the second amendment to the General Amnesty Law No. 27 of 2016.

Although the House of Representatives extended its legislative session for 30 days on November 7th to pass pending laws, the House was also unable to pass these controversial laws during the extension period, and thus they were postponed until the new legislative session.

The House of Representatives entered a legislative session recess after extending it for 30 days based on Article 58 of the Iraqi Constitution. Consequently, that period has ended and it has become obligatory to enter a recess from December 9 of this year to January 9, 2025, according to political researcher Saif Al-Saadi.   LINK

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Clare:  Blinken arrives in Jordan on Middle East tour to discuss Syrian crisis

12/12/2024

US Secretary of State Anthony Blinken arrived in Jordan on Thursday, starting a tour to discuss the crisis in Syria after the overthrow of Syrian regime President Bashar al-Assad.

US officials told reporters accompanying him that the outgoing Blinken will meet with Jordan's King Abdullah II and his foreign minister in the Red Sea city of Aqaba (about 325 kilometers south of Amman) as part of his efforts to have an "inclusive" process to select members of the next Syrian government.

Upon his arrival, Blinken headed to the meeting, and is scheduled to travel to Türkiye later today.

Blinken called for an "inclusive" process to form the next Syrian government that includes protecting minorities after opposition factions led by Hayat Tahrir al-Sham ended the rule of Bashar al-Assad, who belongs to the Alawite sect, which constitutes a minority in Syria.

The US State Department said in announcing Blinken's tour that he would call for an authority in Syria that does not provide "a base for terrorism or pose a threat to its neighbors," in reference to concerns expressed by both Turkey and Israel, which has carried out hundreds of airstrikes in the neighboring country in recent days.

State Department spokesman Matthew Miller said that during the discussions in Aqaba on the Red Sea, "Blinken will reiterate U.S. support for an inclusive transition to accountable and representative government."

It will also discuss "the need to respect the rights of minorities, facilitate the delivery of humanitarian aid, prevent Syria from becoming a base for terrorism or a threat to its neighbors, and ensure that chemical weapons stockpiles are secured and safely destroyed."

This is Blinken's twelfth visit to the Middle East since October 7, 2023, and the Hamas attack on Israel, which responded with a violent and destructive campaign that is still ongoing in the Gaza Strip.

Blinken's previous trip ended in disappointment after he failed to secure a deal in which Israel and Hamas would end the war in exchange for the release of hostages held in Gaza.

Blinken will leave office on January 20 with the administration of President Joe Biden.

President-elect Donald Trump has described the situation in Syria as a "chaos" and said the United States should not intervene, although he has not clarified U.S. policy since Assad's fall.   LINK

“ Coffee With MarkZ” Thursday Morning Chat 12-12-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Hello Mark and everyone

Member: Thursday already- weeks are flying…..anything good overnight Mark?

MZ: “ Nearly $300 million foreign sales at the Central Bank of Iraq auctions”  they are continuing the mad pace on auctions. Auctions are supposed to end this month

Member: They only have two weeks to shut it down…..hope they do …..then they almost have to RV at that point.

Member: I heard Dec 15th may be the  last auction…this is from MilitiaMan

MZ:  And that is just 3 days away.

MZ: There are roughly 140 ambassadors descending on Iraq this weekend. Let’s hope they are there for a reason. This weekend is positioned for some great possibilities.

MZ: They told us 2 weeks ago that the banking reforms were 95% complete and they expected it to be done within the next 2 weeks. So this may be an exciting weekend.

MZ: “Iraq is second in the Arab world and ninth in the world for possession of natural resources.” Wow- 9th in the world- yet there currency isn’t worth much?  Iraq can clearly support a substantial increase in the value of the dinar.

Member: When the RV happens and the rates change- will the rates continue to go up , or is that it?

MZ: I have been told repeatedly that rates will not fluctuate much at all. No more than 1-2%. So when people say they are going to hang on to the currency to ride the float-it may bite them in the butt. I was told there will be a small window to exchange and if not exchanged by then, those bills will no longer be accepted. I will be getting in and out at once. But you guys handle it any way you want.

Member: Q, What is the time frame of exchange?? Do we have 2 weeks or 30 days to exchange?? Thanks for sharing

Member: Mark always said 10 days to make appointments and 30 days or so to exchange.

Member: Getting wealth management mail solicitations from Chase & Vanguard…lol.

Member: I got a letter congratulating me on being in a millionaire’s club and wanting me to invest…..???? Where do they get this information from??

MZ: On the bond side –suddenly bond folks are getting all kinds of different dates. But the majority still think it will be this week or over the next 6-7-days. But a few outliers were told they won’t get funds until the first week in January.

MZ: But, one of them told me they were told it could go at any time. And they should be prepared to be onsite within 24 hours of notification.  Is the just a way to cloud the timing because they know there are intel leaks?  This may be a distraction. We know they need to confuse timing….it just sucks for us.

Member: I still think nothing happens until after the inauguration?

Member: Maybe private groups go soon and the public after the inauguration?? 

Member: To those getting discouraged and frustrated.. take a day or two and go do something outside. It will recharge you!

Member: have a wonderful day everyone

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=6Wqyl52Y5Z4

News, Rumors and Opinions Thursday 12-12-2024

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 Thurs. 12 Dec. 2024

Compiled Thurs. 12 Dec. 2024 12:01 am EST by Judy Byington

Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/exchange appointments.

Tues. 10 Dec. 2024 MarkZ: A number of my contacts from Iraq that very much believe we will cross the finish line in the next three days.

Tues. 10 Dec. 2024 TNT: Kurdistan was using the Dinar in-country at a $3.28 rate today.

Tues. 10 Dec. 2024: A banker and others have contacted me saying Iraq was exchanging the Dinar at a new and higher in-country rate. It is a 24-36 hour window before it reaches Tier4b (us, the Internet Group).

Wed. 11 Dec. 2024 Wolverine: The banks are ready to go. Oil Reform is complete and get ready. Reno needs to start first. Everything goes after Reno. We are nearly there. It may begin today, or tomorrow when Trump rings the bell at the Stock Exchange. We are about to cross that finish line. Just get ready everyone. I love you all. Wolverine https://youtu.be/YDqktdeTPwI?si=eb_Rk2q6V3votzOv

Wed. 11 Dec. 2024 MarkZ: I have gotten another report from another Iraq contractor saying that they are due to renegotiate rates on their contracts with the government of Iraq this week. So I am going to say that the rumors out there with contractors are true at this point. I am definitely hearing that a number of contractors are negotiating rates on contracts in the low $3 range. This has me exceptionally excited.

Thurs. 12 Dec. 2024 Bruce: Bond Holders should receive access to funds on Thurs. 12 Dec. 2024.

Fri. 13 Dec. 2024 Jentel: Iraq is doing RV in-country RV in Iraq right now. So many confirmations coming in that she can’t share. Antiquities are getting turned in now as well. She believes that bonds are moving now. We will see notifications Fri. 13 Dec, in the Gazette on Sat. 14 Dec. It’s just taking longer to complete things behind the scenes.

Sat. 14 Dec. to Mon. 16 Dec. 2024 Birdieorbust Regarding the rumor of 96 hours left to go: This matches the timeline Markz expressed of Sat. 14 Dec. through Mon. 16 Dec, so we shall see. But things are happening in Iraq and it has to spill over to us before long.

El Salvador discovers $3,000,000,000,000 gold mine but no one is allowed to touch it:  https://www.uniladtech.com/news/tech-news/el-salvador-discovers-3-trillion-gold-mine-no-one-can-touch-261344-20241210 

~~~~~~~~~~~

Global Financial Crisis:

Mon. 9 Dec. 2024 Financial Dominoes Falling – Banks Facing “Mysterious Failures”

Since October 2024, banks across select regions have been plagued by so-called “technical failures.” Account balances mysteriously fluctuate, transactions are frozen, and fund transfers grind to a halt. Coincidence? Think again.

These aren’t random glitches—they’re the first tremors of a seismic shift in the financial world. The Quantum Financial System (QFS) is running in stealth mode, silently dismantling the traditional banking systems that have enslaved humanity for decades.

As QFS operates alongside legacy systems, it exposes every fraudulent transaction, every artificially inflated scheme, and every hidden dollar. The cracks in their façade are no longer avoidable—the corruption is being laid bare in real time.

Inside the banking halls of the Caball, chaos reigns. Executives are scrambling, feeding the public lies about “system upgrades” and “technical issues,” but the truth is too big to hide: QFS is watching. It’s auditing every move, tracking every shadowy scheme, and unveiling the manipulation they thought was safe.

This isn’t just a few glitches—it’s the Cabal’s worst nightmare. For years, they’ve siphoned off trillions, created artificial shortages, and tightened their grip on the global economy. But the QFS is a system they cannot bribe, hack, or control. It sees everything.

Behind closed doors, the elites are terrified. They know the Quantum Financial System isn’t just exposing them—it’s preparing to obliterate their entire structure. Their empires of stolen wealth, built on lies and deceit, are crumbling.

The storm is here. These “technical issues” are not mistakes—they’re the beginning of the end for the financial system. Every time you see another “bank outage,” remember: this is the sound of the dominoes falling.

What happens when the public learns the truth? When they realize the banks weren’t just inefficient but were actively working against them? The answer is revolution.

Spread this message far and wide. The Cabal’s financial system is dying, and the Quantum Era is rising. We are on the brink of global liberation, and you are witnessing history in the making.

Read full post here:  https://dinarchronicles.com/2024/12/12/restored-republic-via-a-gcr-update-as-of-december-12-2024/

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

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

Walkingstick  [Iraqi bank friend Aki update] Aki wants us to know there are a lot of rumors...He  believes because of these rumors Sudani has something up his sleeve...The CBI is the boss of the currency of Iraq.  Sudani is the  owner of it.  He wants to make sure it's distributed properly...Sudani and the CBI can create an operational budget that does not  have to be approved by parliament, therefor superseding the needed laws for Sudani and the budget.  

Walkingstick  Politicians...that is the only reason we have not seen the new exchange rate yet...Parliament is trying to continually stop what Sudani has promised the citizens of Iraq.  Whether it be by the end of this year or the beginning of next year, that promise has to be met and kept...Sudani will arrest as many and all of these parliament politicians that have been going against...the citizens of Iraq.  He will not only arrest them but put their faces on television.  The citizens will know each and every one of them...

Gold Repatriation Speeds Up; West Losing Its Power | Andy Schectman

Liberty and Finance:  12-11-2024

Join us for a live Q&A with Andy Schectman, President and CEO of Miles Franklin, as he delves into the growing trend of gold repatriation and its profound implications on global power dynamics.

In this exclusive interview, Andy will discuss how the acceleration of countries reclaiming their gold reserves signals the shifting of economic influence away from the West, and what this could mean for the future of global financial systems.

Don’t miss this opportunity to gain expert insight into one of the most significant trends reshaping global markets today.

https://www.youtube.com/watch?v=cvX3Jc8CfIs

Seeds of Wisdom RV and Economic Updates Thursday Morning 12-12-24

Good Morning Dinar Recaps,

EL SALVADOR TO EXTEND CRYPTO AGREEMENTS BEYOND ARGENTINA

El Salvador partners with Argentina to strengthen the digital assets industry, and has talks underway with over 25 nations for similar partnerships.

El Salvador signed a mutual agreement with Argentina to help both countries strengthen their digital asset industries. The Bitcoin-friendly nation is also discussing similar agreements with over 25 other countries.

On Dec. 11, Juan Carlos Reyes, president of the National Commission of Digital Assets (NCDA) in El Salvador, announced the signing of a mutual collaboration and training agreement with Roberto Silva, president of Argentina’s National Securities Commission (CNV).

Speaking to Cointelegraph, Reyes said Argentina’s robust and innovative blockchain industry and El Salvador’s technological expertise will “create a highly productive partnership.”

Highlighting El Salvador’s three-year advantage over most countries in digital assets regulation, Reyes said, “One of the most significant immediate benefits will be information sharing, particularly since we have Argentine companies registered in El Salvador.”

Symbiotic partnerships for mutual benefit

El Salvador plans to refine its own regulatory framework and improve its understanding of the digital assets market through its partnership with Argentina. Additionally, Reyes told Cointelegraph that El Salvador regulators are in talks with multiple nations for similar crypto-focused partnerships:

“We are currently in discussions with over 25 countries and anticipate many more agreements in the future. As a regulator, we recognize that our approach may be unconventional since we are not what they are used to a central bank or other legacy entity, which has led to some delays in understanding how we can collaborate with other countries.”

El Salvador seeks cross-border collaboration to further crypto adoption

To effectively collaborate with other nations, El Salvador has set up a team of over 20 members comprising Bitcoin experts and crypto-literate individuals.

Reyes strongly advised against delaying establishing rules and following Financial Action Task Force (FATF) recommendations, giving a clear message to regulators in other jurisdictions:

“The longer you wait, the more challenging it becomes to implement effective regulations, and the greater the risk of scams and money launderers gaining control of the industry.”

 Reyes also told Cointelegraph that El Salvador is “nearing completion of two more agreements with other countries,” emphasizing his team’s commitment to helping any nation interested in collaborating with El Salvador.

“Our experience has shown that cross-border knowledge sharing is essential for creating a safe and effective regulatory environment, and we encourage other regulators to prioritize this approach,” he said.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

DONALD TRUMP CONSIDERING A16Z CRYPTO POLICY HEAD FOR CFTC ROLE: BLOOMBERG

While Brian Quintenz was a CFTC commissioner, he oversaw the launch of the first regulated Bitcoin and Ethereum futures contracts.

President-elect Donald Trump is reportedly considering Brian Quintenz, a former Commodity Futures Trading Commission (CFTC) commissioner, to lead the agency.

Currently serving as the policy lead for VC giant Andreessen Horowitz’s crypto division, Quintenz has emerged as a frontrunner among candidates, according to sources cited in Bloomberg's report.

An announcement is expected in the coming days following the conclusion of interviews for the chair position.

Other candidates reportedly include current CFTC Commissioners Summer Mersinger and Caroline Pham, as well as legal experts Joshua Sterling and Neal Kumar.

If selected, Quintenz would bring a wealth of experience from both the public and private sectors.

During his tenure at the CFTC, he oversaw the launch of the first regulated Bitcoin and Ethereum futures contracts and promoted discussions on decentralized finance (DeFi).

Quintenz’s pro-innovation stance complements Trump’s apparent focus on fostering a supportive environment for the crypto industry, which played a significant role in the 2024 elections.

Andreessen Horowitz alone donated $25 million and $23 million, respectively, to pro-crypto political candidates through its political action committee, Fairshake.

Since joining a16z Crypto, Quintenz has remained an outspoken advocate for crypto-friendly policies, calling for regulations tailored to blockchain technology.

He has criticized the U.S. Securities and Exchange Commission’s (SEC) approach as overly restrictive, noting that the crypto ecosystem needs rules “fit for purpose” to realize its full potential.

“I think what the crypto ecosystem wants is rules that fit its technology, that are fit for purpose, that allow for the innovation to actually reach its full potential,” Quintenz said in a 2022 interview with Decrypt. “You’re not getting that out of the SEC.”

The CFTC chair position is critical as the agency is expected to tackle major policy shifts, particularly amid jurisdictional tensions with the SEC.

If confirmed, Quintenz would oversee a regulatory environment primed for change.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

WANT AN EPIC CHRISTMAS PARTY? WATCH THIS NOW!  |  Youtube

A live recorded call for Okie from the members of Seeds of Wisdom Team.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Thursday AM 12-12-24

Government Advisor: Tightening Control Over Suspicious Financial Transfers Reduces Manipulation Of Exchange Rates

 Economy     Yesterday, Baghdad - IA - Nassar Al-Hajj Advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Wednesday, that  tightening control over suspicious financial transfers reduces manipulation of exchange rates and the stability of the national currency, while limiting speculation reduces the use of foreign currencies in unproductive operations.

 Saleh said in a statement to the Iraqi News Agency (INA):

“The Prime Minister’s directives to the monetary and financial authorities stressed the intensification of inspection and control procedures for financial transfers and monitoring speculators.

This remains of great importance in enhancing currency stability and reducing speculation that is harmful to the national economy, through mechanisms leading to...

To combat illegal speculative activities, including specifically:

tightening control over suspicious financial transfers that conflict with the rules of compliance and transparency and in a way that reduces illegal activities,

such as “Smuggling money or manipulating exchange rates, which maintains the stability of the value of the national currency.” He added,

  “Taking strict measures against speculators and manipulators in the currency market

     strengthens confidence in the financial system and        

demonstrates the strength of government policy in protecting the national economy, and

     increases the confidence of citizens and investors in the country’s financial system, as well as

     directing resources towards the real economy to invest in the opportunities available in it, whether industrial.” Or agricultural or services,” pointing out that

 “by limiting speculation, the use of foreign currencies in unproductive operations is reduced, which helps save them to finance imports or beneficial investments.” He continued,

 "The measures to protect against currency speculation come to limit the negative effects resulting from the impact of regional crises, through preventive measures that reduce the exploitation of economic and political crises in the region to achieve illicit gains, which enhances the stability of the local market." Saleh stated that “the importance of

 reducing speculation and the opportunities of speculators remains to enhance the efficiency of the banking system through the role of monitoring financial transfers,

which undoubtedly

    contributes to revealing the gaps in the banking system and

    enhancing  governance and transparency in it, as such measures are in line with the comprehensive reform plan for the financial sector.” and banking, and aims to  enhance financial stability and   prevent violations that negatively affect the national economy.”  https://www.ina.iq/223455--.html

The Governor Of The Central Bank Of Iraq Receives A Delegation From The International Finance Corporation

 December 11, 2024    His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the director of the institution’s financial sector in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zaghir, the resident representative in Iraq, the financial investment officer, and the head of the advisory department.

 During the meeting, they discussed

  strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of

  cooperation between local banks and correspondent banks with technical support from the institution, and the

  development of Islamic banks operating in Iraq, as well as the

  banking reforms that the bank is carrying out in cooperation with the concerned authorities, especially the restructuring of government banks. The

      role of international companies working in this field (Ernst & Young and Oliver Wyman).

 His Excellency the Governor discussed the proposal to establish a leasing finance company with local and foreign contributions,

which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as

      industrial machinery and equipment,

     vehicles, offices, and

     warehouses.

This proposal supports

      emerging projects and

     small and medium-sized companies that are looking for easy financing. And flexible.

 The meeting discussed the importance of launching Riyada Bank during the next year, which will support projects with small and medium loans, in line with the government’s vision of supporting graduates and entrepreneurs and developing labor markets.   Central Bank of Iraq    Media office    December 11, 2024   https://cbi.iq/news/view/2733    

CBI, IFC Discuss Setting Up Leasing Company In Iraq

  Iraq Amr Salem December 11, 2024 The new headquarters of the Central bank of Iraq (CBI). Photo: Zaha Hadid Architects

 Baghdad (IraqiNews.com) – The Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, and officials from the International Finance Corporation (IFC) discussed on Wednesday strategies to set up a leasing company with both local and foreign funding.

The meeting addressed strategies to improve the CBI-IFC relationship, the value of encouraging local banks to work with correspondent banks with IFC technical assistance, and the growth of Islamic banks in Iraq.

 The two sides talked about the role of foreign firms like Ernst & Young and Oliver Wyman working in this sector, as well as the CBI’s banking reforms implemented in collaboration with the pertinent Iraqi authorities, including the reorganization of government banks.

 Since a leasing company funds the asset and leases it for use or ownership, this approach assists new projects and small and medium-sized businesses seeking simple and flexible financing, according to Al-Alaq.

In keeping with the government’s goal of assisting recent graduates and entrepreneurs while simultaneously fostering the growth of labor markets, the meeting additionally addressed the establishment of Riyada Bank in 2025, which would provide small and medium-sized loans to projects.   https://www.iraqinews.com/iraq/cbi-ifc-discuss-setting-up-leasing-company-in-iraq/    

The Iraq Fund For Development Announces The Imminent Launch Of 4 Basic Projects

 Economy     10-12-2024, 14:12 Baghdad - INA - Hassan Al-Fawaz   Today, Tuesday, the head of the Iraq Fund for Development, Muhammad al-Najjar, revealed the fund’s future plans, while confirming the imminent launch of 4 basic projects.

Al-Najjar said, in a statement to the Iraqi News Agency (INA):

 “The Fund has spent the first year of its work arranging and organizing its affairs, given that it is a completely new experience in Iraq, and has no local backgrounds,” noting

 “the use of international companies and institutions to support it in this.” field".  He added,

 "During the second year, we focused on 4 basic projects that will be launched soon through (Lease and Own), and  now we are ready to start the projects that we promised the public." 

He pointed out that "during the coming period, new projects will be announced, approximately the equivalent of a new announcement every month," noting that

 "each project goes through stages of preparation and study that may take from 6 to 7 months for the purpose of reaching convictions that these projects are good and serve the citizens of the world." “By preparing the right partners and financing because we work largely with the private sector.”  He continued:   "Soon many projects will appear on the ground."   https://www.ina.iq/223368--4-.html    

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