“Tidbits From TNT Wednesday Morning 12-18-2024

TNT:

Tishwash:  Iraqi dollar smuggling returns to the forefront.. Central Bank Governor “beautifies” the bleak picture

Economic researcher, Ziad Al-Hashemi, said that the Central Bank of Iraq suddenly punished 49 Iraqi companies on charges mostly related to smuggling and money laundering through foreign transfers, despite all previous assurances that transfers have become immune to smuggling.

Al-Hashemi considered in a post on the “X” platform, which was followed by “Al-Jarida”, that “this is a procedure that confirms that the Iraqi dollar smuggling system is still very active, and that the Central Bank Governor’s talk about the compliance rate reaching 95% is just rhetoric to beautify the bleak image of the Iraqi banking system.”

He explained that “the 49 companies that were punished are companies operating in various commercial, industrial and service sectors, and this confirms that we are facing a dangerous, broad system that has penetrated the entity of the Iraqi economy and market like cancer!”

He pointed out that "the banking system in Iraq is still heavily penetrated by smuggling and money laundering systems and support for sanctioned entities, and after all these years and promises, it has become not unlikely that there is real collusion and collaboration between the official Iraqi banking system and those smuggling systems."

He continued, "On the other hand, we are waiting for the Syrian documents that will arrive that reveal the size of the illegal trade and the movement of smuggling dollars from Iraq, which the Assad regime used to live on. Then we will learn the details of one of the most important unknown parts of the process of smuggling Iraqi money, which began draining Iraq in 2004 and continues to this day." link

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Tishwash:  Iraq out of the list of major countries holding US bonds 

The US Treasury Department announced on Tuesday that Iraq is no longer a major foreign holder of US bonds. 

Shafaq News Agency reviewed the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with a holding of $32.6 billion.

The report indicated that "Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $420 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion."

The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.

The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.

US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment. 

In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq's holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds.   link

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Clare:  Iraq and Jordan sign a 5-point joint statement, including support for the outcomes of the Aqaba meetings

Speaker of the House of Representatives Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi signed a joint statement of five points today, Tuesday, including support for the outcomes of the Aqaba meetings on Syria and support for efforts aimed at stopping the Zionist aggression on the Gaza Strip.

The correspondent of the Iraqi News Agency (INA) said: "A joint statement was issued from the official talks held by Parliament Speaker Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi, in the presence of members of the Permanent Bureau in the House of Representatives, the head of the Foreign Affairs Committee, the head of the Jordanian-Iraqi Parliamentary Brotherhood Committee, and members of the Iraqi Council of Representatives representing heads and members of parliamentary committees and blocs.

He added, "Al-Safadi appreciated Al-Mashhadani's visit to the Kingdom as his first official visit since assuming the presidency of the Parliament in Iraq, and the talks concluded with the signing of a joint statement that stated:

First - Strengthening coordination between Jordan and Iraq; to confront the challenges imposed by the circumstances of the region, supporting the brothers in Syria and respecting their will and the necessity of protecting the security of Syria and its citizens, preserving the unity of their lands and ensuring the representation of all their components in the political process, and supporting the outcomes of the meetings hosted by the Jordanian city of Aqaba regarding the situation in Syria.

Second: Enhancing the prospects of Jordanian-Iraqi economic cooperation, removing any obstacles that hinder this, and organizing mutual visits of parliamentary committees and chambers of industry and commerce in both countries, which contributes to opening investment windows in various fields, working to establish cultural and educational cooperation agreements, and benefiting from mutual experiences in the sectors of agriculture, energy and construction.

Third: The importance of completing the project to extend the oil pipeline from Basra to Aqaba, which is considered an economic artery for transportation for the benefit of the two countries, and working to support various joint bilateral and tripartite projects with our brothers in Egypt.

Fourth: Supporting all efforts aimed at stopping the brutal Zionist aggression on the Gaza Strip, rejecting attempts to displace our brothers in the Strip and the West Bank, working to double efforts to deliver relief supplies to the Strip, rejecting all forms of extremist actions by settlers against our brothers in various Palestinian territories, and rejecting the violations practiced against Islamic and Christian holy sites in Jerusalem.

Fifth: Coordinating joint parliamentary positions between the Iraqi and Jordanian Houses of Representatives, based on a long and extended history of solid fraternal relations between the two countries and peoples, in a way that contributes to achieving common interests and defending the nation’s issues.”  link

Mot: . His Wife is Sooooo Caring - HUH!!!  Man has water and treats

Mot: .. Gots to - deck the bike

Seeds of Wisdom RV and Economic Updates Tuesday Evening 12-17-24

Good Evening Dinar Recaps,

CRYPTO-SKEPTIC AND SEC BOSS CRENSHAW AXED FROM SENATE RENOMINATION

Outgoing Securities and Exchange Commissioner Caroline Crenshaw will not be renominated to her position following a decision by the Senate Banking Committee. The hearing to nominate Crenshaw and Gordon Ito to the Financial Stability Oversight Council, previously scheduled for Wednesday, December 17, was canceled, according to multiple reports.

The FSOC is a financial system monitoring agency established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

No room for Crenshaw

News of Crenshaw’s canceled vote came after rising opposition to her renomination to the U.S. SEC. Crypto industry leaders and policymakers criticized Democratic senators for attempting to push Crenshaw’s hearing through without proper vetting.

Coinbase CEO Brian Armstrong said blockchain proponents would closely watch the eventual vote, and the outcome would likely impact future StandWithCrypto donations to politicians.

Crenshaw will be remembered as an anti-Bitcoin and crypto-skeptic SEC Commissioner throughout her tenure at the agency. She infamously voted against approving spot Bitcoin (BTC) exchange-traded funds, and frequently aided soon-to-be ex-chair Gary Gensler’s staunch hostility toward blockchain businesses.

Crenshaw’s removal from consideration clears the way for President-elect Donald Trump to nominate a new SEC commissioner, potentially shaping the agency’s leadership with officials aligned with his pro-crypto agenda.

Trump has so far pitched former SEC regulator Paul Atkins for SEC chair, pending Senate confirmation. Atkins, a pro-Bitcoin entrepreneur and vocal crypto supporter, would replace Gensler who has announced his resignation effective on Trump’s inauguration.

Last month, fellow Dem SEC Commissioner Jaime Lizárraga also announced plans exit the federal watchdog, citing a need for more family time. The Dem-SEC exodus could hand over agency reins solely to the Republican party. Only GOP Commissioners Hester Peirce and Mark Uyeda remain, with Atkins likely to join soon.

@ Newshounds News™

Source:  Crypto News

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UK PLANS TO PROHIBIT PUBLIC CRYPTO OFFERINGS, EXCEPT VIA EXCHANGES

Today the UK’s Financial Conduct Authority (FCA) published a discussion paper on regimes for crypto-asset admissions and disclosures and market abuse regimes. It also reiterated the UK’s timetable for crypto legislation, targeting 2026. A key feature of the admission and disclosures regime is that public offerings of crypto assets will be banned, with two exceptions.

New public offerings of crypto-assets will only be allowed if via a regulated cryptocurrency exchange, or by restricting the offering to qualified investors. The aim is to put the onus on cryptocurrency exchanges to perform sufficient due diligence on offerings and to have a process for rejecting listings for trading. Exchanges may be subject to prudential requirements.

Legislation is needed because currently UK oversight of crypto only applies to anti money laundering and marketing.

Regarding the disclosures, the FCA is keen to avoid making it so extensive that it imposes disproportionate costs on the preparer. They also note that while consumers need comprehensive information, the quantity shouldn’t be so excessive that it obscures critical details. The paper provides a list of the expected contents.

The regulator is keen to encourage issuers to provide some forward looking statements. While these will carry some liability, it doesn’t want to set the bar too high.

 Hence, in the UK there’s a concept of protected forward looking statements (PFLS), where statements that turn out to be untrue only attract liability if the consumer can establish that the issuer knew the statement was untrue or reckless as to the facts.

The UK has a National Storage Mechanism (NSM), a free online repository of regulated information, including prospectuses from issuers. Information related to crypto-assets admitted to trading on crypto exchanges would be included in the NSM.

Preventing market abuse

Additionally, the paper covers steps to address market abuse. It recognizes that existing traditional market abuse regimes may not be as easy to implement for crypto because of market fragmentation, cross border elements, and in some cases, the lack of a clear issuer (such as Bitcoin).

Nonetheless, legislation will aim to prohibit insider dealing, require the disclosure of inside information by crypto exchanges and prohibit market manipulation.

Inside information is sensitive information that could move crypto prices and hence needs to be disseminated as soon as possible to prevent a few people from taking advantage.

However, the listing of a crypto-asset without the issuer’s request can be problematic. The FCA hopes to address this by putting the onus on the entity requesting the crypto listing to make sure inside information is disseminated promptly. 

For traditional markets, the UK has a regulated information service, which is a centralized announcement service, and it is considering using this for crypto.

For the purposes of the paper, crypto assets include cryptocurrencies and stablecoins. However, a separate consultation is expected on fiat-referenced stablecoins in the future.

There’s a three step process of discussion paper, followed by a consultation and then the final policy stance. The Bank of England and FCA issued a joint discussion paper on stablecoins in late 2023.

@ Newshounds News™

Source:  Ledger Insights

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@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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AI Voice Scams Are On The Rise. Here's How To Protect Yourself

AI Voice Scams Are On The Rise. Here's How To Protect Yourself

Megan Cerullo   Updated Tue, December 17, 2024   CBS News

Artificial intelligence-enabled voice cloning tools have made it easier for criminals to mimic strangers' voices and dupe victims into handing over large sums of money.

For example, a scammer might target a victim posing as their grandchild and claiming they require cash — fast. Older people who might not be as familiar with new technologies such as AI can be particularly susceptible to these types of scams, particularly when the caller on the other line sounds identical to a loved one. Phone numbers also can be spoofed to mimic those of callers known to the target of voice cloning scams.

n 2023, senior citizens were conned out of roughly $3.4 billion in a range of financial crimes, according to the FBI data. The agency recently warned that AI has increased the "believability" or criminal scams given that they "assist with content creation and can correct for human errors that might otherwise serve as warning signs of fraud."

Also commonly known as "grandparent scams," a fraudster will impersonate an individual's loved one and claim they are in trouble, or need cash immediately for some sort of emergency.

"So much of it is based on psychology and hacking the limbic system," Chuck Herrin, field chief information security officer for F5, a security and fraud prevention firm, told CBS MoneyWatch. "They say things that trigger a fear-based emotional response because they know when humans get afraid, we get stupid and don't exercise the best judgment."

How To Create A Family Safe Word

The good news? Cybersecurity experts and law enforcement officials have a simple, but effective, recommendation for avoiding getting victimized by such scams: creating a family "safe word," along with a protocol for verifying a family member or loved one's identity.

That means choosing a word or phrase that can't be easily guessed. Obvious identifiers like a street name, alma mater or other information that may be readily available online are ill-advised, experts say.

"It needs to be unique and should be something that's difficult to guess," James Scobey, chief information security officer at Keeper Security told CBS MoneyWatch. "It shouldn't be something that can be researched online about you or your family. Avoid street names, towns, phone numbers and individual names as part of a pass phrase."

TO READ MORE:  https://www.yahoo.com/news/ai-voice-scams-rise-heres-211554124.html

Tuesday Evening Chat With MarkZ 12-17-2024

Tuesday Evening News With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Evening everyone…..hope you had a wonderful day.

Member: Hopeful that what news mark has tonight is really good!

Member: My patience is like a gift card. Not sure how much is left on it but we can give it a try….lol

Member: I believe It's shaping up to be a great Christmas

MZ: Praying we get it before Christmas….but if not- it’s really close. I hope the rumors are right and its days- not weeks.

Member: Well, even Mountain Goat thinks no more than 2 weeks

MZ: I am getting more rumors on rates. Two more contractors believes it will be in the $3.92 range. The one I have most confidence is still staying quiet on the rate. He says “Yes we had meetings, and are negotiating rates”- but nothing more.

MZ: in Iraq:  “Salaries of state employees are secured during 2025” they want us to know its not a problem paying what they need to pay this year.

MZ: The more articles I read –the more it reminds me of Kuwait

MZ: “ Iraq, Jordan sign joint statement to enhance cooperation and report regional issues” I think this is an important one to see who Iraq is partnering with. This also screams “international”

MZ: “The Federal Reserve is expected to make a third consecutive rate cut this week”   They are willing to burn the system down….but guess it will be easier to reset everything at this point.

Member: Hey Mark, Rumor is Ripple’s new treasury backed stablecoin… is this the currency being paid out for the US based RV’ers?

Member: unfortunately rumors haven't been right yet, but at least the news is staying positive.

Member: Sweet RV dreams tonight……Be Blessed

Member: Thanks Mark and mods….see you all in the AM

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

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:    https://www.youtube.com/watch?v=-_X9fB1I1DA

Martin Armstrong: The Fed has Lost Control of Inflation

Martin Armstrong: The Fed has Lost Control of Inflation

Palisades Gold Radio:  12-17-2024

Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the geopolitical landscape and growing frustration with government.

Armstrong expresses his belief in an increasing frequency of impactful events due to disillusionment with western governments. Martin delves into the deep state, historical examples of centralized governments leading to instability, and the need for decentralization and respect for individual sovereignty.

Armstrong shares personal experiences and insights about Trump and RFK's anti-war stances. Martin touches upon historical issues, including World War II, communism, the Roman Empire, war causes, and the use of sanctions. Concerns are raised about unsustainable debt systems and their correlation with conflict.

Tom pivots the conversation to Argentina's recent budget surplus, potential application in making cuts to U.S. government waste.

Criticisms follow regarding Federal policies to undermine U.S. States and inact gun control.

Predictions for an economic depression by 2032 are shared, with discussions on differences between a recession and a depression, government debt defaults, interconnectedness of economies, and concerns over career politicians.

The role of the U.S. dollar as a global reserve currency, and potential implications for the world economy are also discussed.

China and Russia's potential role in a global economic takeover, natural resources, the Ottoman Empire, monetary crises, gold on the yield curve, practical implications, gun control, authoritarianism, and vigilance are among other topics covered.

Time Stamp References:

0:00 - Introduction

0:35 - Many Geopolitical Shifts

12:32 - Trump & Ending Conflict

27:39 - Cutting Back Gov't

36:30 - Civil Unrest Preps

46:15 - 2032 - The End Game

53:42 - Trump, BRICS, & Dollar

1:04:54 - Russia's Resources

1:07:58 - Risks & Solutions

1:13:50 - Shelton & Gold Bonds

 1:18:33 - National Guard Concerns

1:21:08 - Wrap Up

Talking Points From This Episode

Growing disillusionment with governments leads to increased impactful events: Armstrong emphasizes decentralization and respect for sovereignty to prevent global unrest.

Trump, RFK's anti-war stances discussed: Influence on NATO territories like Afghanistan and Ukraine, personal meetings recounted.

Predictions of economic depression by 2032: Discussions on debt defaults, interconnected economies, and career politicians' concerns.

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

Iraq Economic News and Points to Ponder Tuesday Afternoon 12-17-24

An Economic Expert Warns Of A Rise In The Dollar Exchange Rate In Iraq In The Coming Days

Buratha News Agency 24-12-17  Economic expert Nasser Al-Tamimi warned, today, Tuesday (December 17, 2024), of a rise in the dollar exchange rate in Iraq in the coming days.

Al-Tamimi said in a press statement, "There are real fears in the Iraqi market of the continued rise in the dollar exchange rate after the suspension of the platform by the Central Bank of Iraq," indicating that "this matter will constitute a shock, especially at the beginning of implementing the decision and will lead to a rise in the dollar, to increase demand for it in the parallel market."

He added that "after the platform is stopped, most traders, especially small ones, will depend on the parallel market to finance their foreign trade, while continuing to finance trade with Turkey in dollars, through illegal means," noting that "this is what will lead to the rise, and therefore practical steps must be taken to prevent this by the country's monetary authority, and urgently."

The Central Bank of Iraq revealed on Wednesday (September 4, 2024) the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths and consistent with international practices and standards.

The bank said in a statement that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first phase to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers.

This was an exceptional measure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks."

He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan,"

 explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period."

He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through accredited correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars."

He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions."

The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound tracks consistent with international practices and standards and the Anti-Money Laundering and Terrorist Financing Law."

Explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside of these channels is an abnormal price that those with unorthodox or illegal practices resort to, who avoid official channels in their dealings, and bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and the other."  https://burathanews.com/arabic/economic/453976

Gold Stabilizes, Fed Awaits

Time: 2024/12/17 08:58:40 Reading: 897 times  {Economic: Al Furat News} Spot gold prices stabilized today, Tuesday, ahead of the US Federal Reserve’s monetary policy meeting.

Markets are keenly awaiting the US Federal Reserve's forecasts for clues on the path of interest rates in 2025.  Spot gold rose slightly by 0.06% to $2,654.10 per ounce, while US gold futures fell by 0.10% to $2,677.20.   LINK

The Finance Committee Explains The Reasons For The Central Bank’s Penalties On 49 Companies: “Import Invoice Violations”

Economy  | 04:26 - 12/17/2024   Mawazine News -  The Finance Committee of the Iraqi Council of Representatives confirmed that the decision of the Central Bank to punish 49 companies came due to violations in import operations, as it was found that the invoices submitted did not match the value of the imported goods.

The Central Bank had issued directives to banks yesterday preventing these companies from benefiting from external money transfer channels, in a move aimed at limiting manipulation of foreign currency and reducing money laundering operations.

In this regard, a member of the Parliamentary Finance Committee, Moeen Al-Kazemi, explained that the Central Bank sells the dollar at the official price of 132,000 dinars for every 100 dollars, provided that there are real imports and the entry of goods into the country.

Al-Kazemi added that “some companies violate the instructions, as they submit requests to import goods for large amounts, but the goods that reach Iraq are less than the value stated in the invoices, which raises suspicions and leads to the imposition of strict penalties on the parties benefiting from the currency sale window.”   https://www.mawazin.net/Details.aspx?jimare=257586

Dollar Prices Vary Between Baghdad And Erbil With The Closure Of The Iraqi Stock Exchanges

Economy | 05:00 - 12/17/2024  Mawazine News - The dollar price rose in Baghdad markets while it fell in Erbil, the capital of the Kurdistan Region, on Tuesday, with the closing of the stock exchange.

The dollar price also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 151,300 dinars per 100 dollars, while the dollar price recorded 150,950 dinars per 100 dollars this morning.

The selling prices in the exchange sector rose in the local markets in Baghdad, where the selling price reached 152,500 Iraqi dinars per 100 dollars, while the purchase price reached 150,500 dinars per 100 dollars.  In Erbil, the dollar recorded a decrease, where the selling price reached 150,400 dinars per 100 dollars, and the purchase price reached 150,300 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=257588

After a sudden recession due to Syria.. Expectations of the return of the Iraqi market movement soon

Time: 2024/12/16 23:19:40 Read: 2,184 times   {Economic: Al Furat News} An economic expert expects the market to return to activity next week after a temporary recession due to events in the region.

Salah Nouri told Al Furat News Agency that "the reasons for the recent economic recession in the markets are due to the news circulating about the possibility of US sanctions on the external transfer system, which created fears among citizens and hesitation in buying."

He added, "The situation may change next week and demand for buying will increase."

The parliamentary finance committee ruled out on Monday that the Iraqi economy would be affected by the situation in Syria or the dollar exchange rate in the local market, noting that "the government and the central bank have taken several important measures to confront the security and economic challenges in the country, especially in light of the deteriorating situation in Syria."

On the second of this month, the governor of the Central Bank of Iraq, Ali Al-Alaq, described the country's monetary position as "very excellent" despite the conditions in the region in terms of controlling inflation and the high adequacy of foreign reserves.   LINK

On The Second Day Of Weekly Trading... Basra Crude Rises In The Global Market

Economy  | 12/17/2024  Mawazine News – Baghdad  Iraqi oil (Basra crude) recorded a price increase on Tuesday, the second day of weekly trading in the global market.

According to international economic data, Basra Heavy crude recorded $68.99 per barrel, while the average recorded $72.09 per barrel, with a change rate of +0.62, respectively, for February 2025 delivery.

The data also showed a slight increase in global crude prices, with British Brent crude recording $73.95, while US West Texas Intermediate crude recorded $70.69 per barrel, with a change rate of 0.04-0.02, respectively.   https://www.mawazin.net/Details.aspx?jimare=257566

Central Bank Announces Launch Of Citizens’ Complaints Management Platform

Banks   Economy News – Baghdad   The Central Bank of Iraq announced today, Tuesday, the launch of a complaints management platform for citizens.

The bank's media office stated in a statement received by "Al-Eqtisad News" that "the Central Bank of Iraq announced the launch of an electronic platform to receive, process and resolve complaints submitted by the public," indicating "its keenness to respond quickly to citizens' complaints."

He stressed that "the launch of the citizens' complaints management platform comes in line with the bank's tireless efforts in the digital transformation process to receive complaints submitted by the public, regarding their dealings with the banking sector, providing services, reporting negative cases, and enhancing the supervisory role of this bank."

According to the statement, the Central Bank alerted "the public to the possibility of submitting complaints, starting from Sunday 1/5/2025, through the bank's official website in the complaints platform window, or through the government's Ur platform, or the electronic link.141 views  12/17/2024 - https://economy-news.net/content.php?id=50973

After An Interruption Of More Than 30 Years, Iraq Wins The Chairmanship Of The Executive Council Of The Arab Investment Company

Economy  | 12/17/2024   Mawazine News – Baghdad  The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.

The acting Chargé d'Affaires of the Embassy, ​​Ahmed Al-Sahaf, told the official agency: "In a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council, which was held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."

She explained that "this achievement came in accordance with the joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path,

 as well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."

He noted that "Iraq hosted the company's executive council meetings in 2025 in Baghdad, a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center."   https://www.mawazin.net/Details.aspx?jimare=257577

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 12-17-24

Good Afternoon Dinar Recaps,

GOLD PRICE LIKELY SUPPRESSED BY CONCENTRATED SHORTING, COULD EXPLODE

At long last, complaints of gold price manipulation and suppression got some respect this week from the Official Monetary and Financial Institutions Forum, a London-based group connected with central banks.

The group published a long paper heralding gold's restoration to the center of the world financial system, "Gold and the New World Disorder," and the paper's chapter titled "Market Disruption -- The Short Squeeze" has this to say about the topic at hand:

"With record demand for gold, much of it from BRICS-related countries, the risks of a squeeze are increasing. This could have several catalysts.

'Bullion banks' holding concentrated gold short positions might need to buy back the metal during another price run.

Analysts have long argued that these short positions suggest market manipulation, citing the disproportionate control held by a few entities.

Lawsuits against banks for manipulating the precious metals markets have yielded some success in recent years. During these lawsuits, some former 'bullion bank' traders have commented about how these gold market strategies might make the market vulnerable to a short squeeze -- either by accident or design.

Academic and other studies provide evidence that 'shorting gold' has historically been used to suppress the gold price, often linked to central bank sales and futures contracts on commodity exchanges.

There is also room for market disruption from imbalances stemming from allocated and unallocated gold accounts, when market participants own just a claim on gold rather than specific bars.

Recent analysis suggests that the unallocated-to-allocated gold ratio at the London Bullion Market Association could range from 20:1 to even 100:1. For every ounce of physical gold backing these accounts, there might be 20 to 100 ounces of unallocated paper gold claims.

This indicates a fractional-reserve system where future claims may far exceed the physical gold available. Predicting the timing of such a squeeze is speculative, given the size of some of these positions and growing world financial and economic tensions.

However, with suspicions rising that some BRICS countries could be considering 'weaponizing' gold against the West, financial markets could be in for a bumpy ride."

Ya think? The Gold Anti-Trust Action Committee (GATA) has been documenting and screaming about this for 25 years. For example, here and here.

If even these "official" guys now can acknowledge not only that the gold market has been heavily influenced by central banks and their bullion bank agents but also that the world has foolishly been depending on a lot of imaginary metal, the racket may be quickly coming to an end -- no thanks to OMFIF itself, which for years has been ignoring all the incriminating information placed in the public domain by GATA.

@ Newshounds News™

Source:  GoldSeek

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RLUSD STABLECOIN GOES LIVE: PRICE FLUCTUATES 20% BEFORE STABILIZING

Ripple USD (RLUSD) is officially live on global exchanges. This enterprise-grade stablecoin combines the stability of fiat with the efficiency of blockchain technology. RLUSD will operate on two networks: Ethereum and Ripple’s native XRP Ledger (XRPL). Initially, the price of the stablecoin fluctuated within a 20% range, but it is pegged to the U.S. dollar at a 1:1 ratio, ensuring stability over time.

Ripple CTO David Schwartz had previously said that there might be supply shortages at first, causing the price to fluctuate. However, once supply stabilizes, the price will quickly return to around $1.

He also said, “Since the idea of $RLUSD many months ago to launch in a matter of hours, I’ve been looking forward to more use cases realized on the XRPL and more liquidity on-chain with a trusted stablecoin like RLUSD. Countless opportunities are here for devs and users who want the benefits of XRPL, RLUSD and XRP.”

The stablecoin will be available on exchanges like Uphold, Bitso, and CoinMana, with more expected by the end of the year. Ripple’s stablecoin is fully compliant and backed by US dollar deposits, government bonds, and cash equivalents. This provides the stability and transparency that many stablecoins have lacked.

RLUSD aims to bridge the gap between traditional fiat and crypto, offering benefits like instant cross-border payments, liquidity for remittance, and seamless integration with DeFi protocols. This is huge for XRP and the broader crypto ecosystem.

Ripple’s stablecoin will be a game-changer. It’s backed by years of experience in the financial system and offers a level of compliance and trust that’s currently unmatched. With major partners and exchanges expected to adopt it, RLUSD has the potential to challenge dominant stablecoins like Tether and USDC.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

CURRENCY REVALUATION UPDATES  WHAT YOU NEED KNOW  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

 Thank you Dinar Recaps

“Bits and Pieces” in Dinarland Tuesday Afternoon 12-17-2024

KTFA:

Clare:  After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company

12/17/2024  Tripoli - WAA

The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.

The Chargé d'Affaires of the Embassy, ​​Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."

He explained that "this achievement came as a result of joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path

As well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."

He noted that "Iraq's hosting of the company's executive council meetings in 2025 in Baghdad is a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center."  LINK

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

Clare:  Get ready.. The exchange rate is set to rise again: The dollar selling platform will stop and “the shock is coming”

12/17/2024  - Baghdad

Economic expert Nasser Al-Tamimi warned, today, Tuesday (December 17, 2024), of a rise in the dollar exchange rate in Iraq in the coming days.

Al-Tamimi told Baghdad Today, "There are real fears in the Iraqi market of the continued rise in the dollar exchange rate after the Central Bank of Iraq stopped working on the platform," indicating that "this matter will constitute a shock, especially at the beginning of implementing the decision and will lead to a rise in the dollar, to increase demand for it in the parallel market."

He added that "after the platform is stopped, most traders, especially small ones, will depend on the parallel market to finance their foreign trade, while continuing to finance trade with Iran and Turkey in dollars, through illegal means," noting that "this is what will lead to the rise, and therefore practical steps must be taken to prevent this by the country's monetary authority, and urgently."

The Central Bank of Iraq revealed on Wednesday (September 4, 2024) the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths and consistent with international practices and standards. 

The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct a pre-audit of transfers before they are executed by correspondent banks."

He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period."

He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through accredited correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars."

He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions."

The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound tracks consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who avoid official channels in their dealings, and bear the additional costs alone by purchasing at a higher than the official price to delude others with the difference between the official price and others."  LINK

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

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Mr Sammy just told me when Iraq cancels the auctions and the change over occurs to the dinar, that's actually a process of the revaluation.  FRANK:  That is the last step in the process...The question is, when will this happen?  In my strong opinion this is based on the ending of the auction on December 31, 2024 then January 1, 2025 should be a start.  Of course you know this is the Middle East so I'm not offering you a date.  You know the Iranian politicians in Iraq are doing everything to stop it.  If this event wasn't real, they wouldn't be stopping it...

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:
We are hearing another gazette is missing from the publication.  They say it's number 485.  They say it was completed but it is not published publicly yet.  We thinking it's because it has the article 12 items related to it... FRANK:  Article 12 is the introduction of a restricted free currency with no sanction to the international world.  It does not mean it has to have value but it means that it can leave your borders and gain value in an international basket.  Everything is set up so perfect. 

CRASH INCOMING: This is What the Final Stage of the Everything Bubble Looks Like

Taylor Kenny:  12-17-2024

Every financial bubble in history, from the Tulip Mania of the 1600s to the 2008 housing crash, has followed the same cycle: euphoria, denial, panic, and collapse.

 In this video, I break down exactly where we are in today’s bubble, how speculative growth and market concentration are fueling delusion, and why the collapse is already baked in.

CHAPTERS:

 00:00 Every Financial Bubble Bursts

01:10 The Stages of a Financial Bubble

02:15 Smart Money vs. Public Investors

 03:21 Greed and Delusion: Where We Are Today

 04:27 Expectations for Stock Prices vs. Income

05:40 FOMO and Market Delusion

06:51 The Dot-Com Bubble vs. Today’s AI Boom

08:05 Stock Market Concentration: The S&P 5

08:39 What Happens After Delusion: The Crash

 10:21 Volatility and Risk: The New Normal

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

News, Rumors and Opinions Tuesday 12-17-2024

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 Mon. 16 Dec. 2024

Compiled Mon. 16 Dec. 2024 12:01 am EST by Judy Byington

Sun. 15 Dec. 2024 Eric Trump Declares XRP, ADA, ALGO, and HBAR Tax-Free Under Trump Administration! …Charlie Ward on Telegram

Eric Trump has just ignited a financial revolution, announcing that major crypto currencies like XRP, ADA, ALGO, and HBAR will be 100% tax-free under the Trump Administration . This game-changing move positions the U.S. as the global crypto powerhouse, sending shockwaves through the financial world and leaving other nations scrambling to catch up.

The Crypto Revolution Begins Now: Speaking at a major conference, Eric Trump didn’t mince words: “Under President Trump, America is open for crypto business. No taxes, no barriers—just innovation.” This policy isn’t just about tax relief—it’s a declaration of financial independence. By eliminating taxes on U.S.-issued digital assets, the Trump Administration is creating a crypto sanctuary where innovation thrives and traditional banking crumbles.

A Direct Hit on Banks: Eric Trump unleashed a fiery attack on traditional banks, calling them “archaic relics” that punish the people with fees and inefficiency. “Crypto doesn’t sleep. It doesn’t need a middleman. This is the future—and the banks are terrified.” The message is clear: America is leading the charge toward decentralization and freedom.

The BITCOIN Act of 2024: A Bold National Strategy To secure America’s dominance, the Trump Administration is launching the BITCOIN Act of 2024, creating a national Bitcoin reserve and transferring federal holdings to the U.S. Treasury. The goal? One million Bitcoins in five years, solidifying Bitcoin as a national asset and making the U.S. the epicenter of blockchain innovation.

Why This Matters: This isn’t just a policy—it’s a movement. With nations like Italy taxing crypto gains at 42%, America’s zero-tax stance will attract developers, investors, and innovators worldwide. The future of finance is here, and America is taking the lead.

Get ready for the crypto revolution—the storm is here, and the system will never be the same. Banks beware. Blockchain wins.

Read full post here:  https://dinarchronicles.com/2024/12/16/restored-republic-via-a-gcr-update-as-of-december-16-2024/

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

Ariel:  People Who Hold IQD Should be Ready

Tues, Dec 17th 2024

Dec. 17th:  Which coincidentally appears to be the same day that Iraq launches payments for the Kurdistan region. I will say this once they release the new exchange rate things are going to speed up people.

This is going to be almost like everything, everywhere, all at once to some degree. There will still be phases. Which I think will be phases 4 being the final.

A lot of people are going to have a hard time with 3. Which will determine if you even qualify what will happen in 4. But that’s another story for another time. But definitely not long before we get there.

People who hold IQD should be ready to get things moving in whatever manner suits you best. Because there will be a shift in how banks decide to deal with you once they find out you have foreign currency. Even the ones who told you they do not trade it. You will be the boss.

Watcher.guru:  JUST IN: Ripple to launch $RLUSD stablecoin on December 17.

https://dinarchronicles.com/2024/12/17/ariel-prolotario1-people-who-hold-iqd-should-be-ready/

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

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

Militia Man  Article quote: "Tomorrow the opening of the electronic passport system in American cities of Los Angeles and Detroit..."  What's that mean?  We have some big populations of Iraqis in those communities ...On the 16th they're going to allow you to get a passport electronically.  There's going to be a lot of Iraqis that have Iraqi dinar just like we do.  When that purchasing power comes...they're going to have purchasing power.  That's why Sudani and other have been hoping they could repatriate those people...to help that money they have come back home and invest...The electronic passport system...in coordination with the Ministry of Foreign Affairs is a big deal...Is there any coincidences?  I don't think so.  There are no coincidences.

Frank26  You know how many times that makes that Sudani told the citizens that he's going to keep his solemn oath promise to give them purchasing power?  You know how many times he has said that?  This is the ninth time...Why would Sudani be a habitual informer to the citizens that he's going to keep his promise of giving them purchasing power through a new exchange rate by lifting the three zeros off their exchange rate and introduce lower notes?  Why would Sudani do that so many times? 

Is Gold The Fed's Plan B? | David Morgan

Liberty and Finance:  12-16-2024

David Morgan speculates that the Federal Reserve may eventually consider integrating gold into a new monetary system, especially as a backup if the global adoption of central bank digital currencies (CBDCs) faces resistance.

 He suggests that while CBDCs could be the primary currency of the future, central banks, like those in China and India, are accumulating gold as a form of "plan B."

This gold could be used as a reserve to stabilize the financial system if digital currencies fail to gain sufficient trust or adoption.

Morgan believes that gold could serve as a "carrot" to encourage compliance with the new system, possibly leading to a CBDC linked to gold.

This theory aligns with a broader trend where nations, despite pursuing fiat-based digital currencies, are hedging their bets with gold to maintain monetary stability.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Digital Rupee

5:39 India's & China's gold purchases

9:55 Gold & CBDCs

14:51 Gold & silver markets

 16:13 Platinum & palladium markets

21:35 Fed meeting

https://www.youtube.com/watch?v=4461cYg-Nlo

“Coffee With MarkZ” Tuesday Morning Chat 12-17-2024

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: Happy Tuesday and good Morning one and all!!!

Member: The wheels on the RV go round and round…..round and round…..round and round……

Member:  Kim Clement prophesied we would have a great fall, fall ends on 12/20 praying we get this over with before winter 12/21

MZ: “Iraq Minister of Finance with $631 billion dinar –the salaries of the regions employees for the month of November”  it looks like things are finally breaking loose in the Erbil Region with money flowing…..hopefully this includes HCL and a release. .

Member: So the 140 ambassadors in Iraq was a nothing burger?

MZ: Part of what the emissaries in Iraq last weekend accomplished is to bring an expected $100 billion in investments to Iraq . But I think under the cover of this-was the final negotiations on the Arab basket of currencies.

Member: lots of articles today about auctions stopping in Iraq before end of year.

Member: Let’s hope the new rate also comes by then.

MZ: It was our understanding auctions were supposed to stop on the 15th. But, they had an auction this morning hours earlier then usual…..  an auction worth about $275 million dollare were auctioned off….more dinars off the streets.

Member: I wonder - what are the chances that Iraq goes alone?

Member: A follower shared me the screenshot from today.said it was visible for 5 min at 3.29 before it reverted back.I could not verify it. Just FYI

MZ: We are seeing a lot of that…lots of rate fluctuations.

Member: Probably teaser rates while they keep testing the system.

MZ: I do have updates from different contractors and contractor groups. My personal friend over there says he will not give a rate as it would compromise the contracts. But I have heard from a couple others that the most common rate they are being told is $3.92 as they are redoing contracts.   I do not know how accurate that is but thought it was worth sharing. I did hear it from a number of sources so it may be just circletel…but it does fit closely to what is expected. $3.92 would be awesome, but consider it a rumor for now. .

Member: At $3.92, I'm taking it and be happy as a pig in slop

Member: do you still think we all go at once?

MZ: I think the public goes all at once. Special and connected people will go a little bit ahead. It’s just the way of the world.

MZ: “ The two main parties held their second meeting to discuss the formation of the new Kurdistatn Regional government” Their government wasn’t working so they are fixing it. They want financial reforms, HCL and a reset done.

Member: What a great concept, Fixing Government.

MZ: This one is huge: “ After a break of more than 30 years, Iraq wins the presidency of the executive board of the Arab investment company” the last time this happened was Pre-Saadam Hussein. This was back in the time when the Iraqi dinar was very valuable. This is an International position.

MZ: “Today’s Newspapers follow the project of rehabilitating the historic city of Baghdad and the opening of the first phase of the great port of Faw next year” This is a great update on how much progress Iraq has made. They are looking to become a tourist hotspot again.

Member: Simply Lynn said its GO time!!

MZ: if it was we would be all going. Not accurate.

Member: My Chase Wealth Manager had meeting that just started at 10 and is investigating.

Member: Mark you are absolutely right I call my wealth manager and they said she didn’t hear anything yet

Member: A number of people think that tomorrow is our day. We will see.

Member: Christmas is eight day away. I am not expecting it until after the inauguration but if it happens sooner….woohoo

MZ: A number of my contacts think it’s absolutely this week…..some think not until the 3rd or 4th week of January. But the majority still think its this week. We hope they are accurate.

Member: All the banks in my area require you have had an account for at least 6 months. Do you know of any other banks that don't require a 6 month account?

Member: If you are bringing in millions of dollars to their bank…you can bet they will open as many accounts as you want….imo

Member: will most banks accept Zim?

Member: The Zim will most likely be exchanged at military bases due to higher security and mostly military hold it. There is no limit, but you may get tranches if you hold a lot. This is what Mark has said.

Member: Do we know the best time to release the RV?

MZ: I was always told during non banking hours would be best…I have been told since the beginning that the best times are between 11Pm to 2 Am est……that is when the banking system around the world is the quietest. Preferably it will happen late Saturday night into Sunday morning…but it could happen at any time.

Member: is IQD and VND taxable?

MZ: I am still hearing the exchange is non taxable. I set aside extra just in case…just to be safe

Member: if it happens after the inauguration….chances are it all will be not taxed.

Member: Thank you MarkZ and Mod’s! You are very much appreciated!

Member: Compliments of the Season to All of you.

Member: May all your prayers and intentions be fulfilled today

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=QgQiYVcSf6Y

Iraq Economic News and Points to Ponder Tuesday AM 12-17-24

What Is The Secret Of The Stability Of The Dollar In Iraq Despite The Tension In The Region? A Government Advisor Explains
 
Time: 12/16/2024 22:36:28 Read: 1,248 times  {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, attributed the stability of the dollar exchange rate against the dinar to the procedures of the Central Bank of Iraq in selling the dollar through the electronic platform and compliance with it.  Saleh told {Al-Furat News} agency:

“There is a reason for the stability of the exchange rate in the parallel market, contrary to expectations, as it emerges from the completion of the Central Bank of Iraq from working on the
 
     compliance platform, and the complete shift to strengthening
     foreign exchange in international banks corresponding to national banks,
 
which is now covering the needs of The market uses foreign currency to finance foreign trade for the private sector at the official exchange rate of 1,320 dinars per dollar. 

He stated that  "the period of anticipation and anxiety regarding the transition to the new situation was absorbed by the
 
     ability to finance trade and other transfers successfully and with high fluency through the
     direct relationship between the Iraqi Bank and its correspondents abroad, reinforced with
     foreign currency that is bought at the official price for customers to finance their trade, especially import trade, without rejection or disruption as well." It happened while working on the platform.”
 
The dollar is currently sold in local markets at an exchange rate of 1,500 dinars, or 150,000 per hundred dollars.    
 
https://alforatnews.iq/news/ما-سر-استقرار-الدولار-في-العراق-رغم-توتر-المنطقة؟-مستشار-حكومي-يوضح   

Banking Expert: Private Banks Do Not Support The Iraqi Economy And Live Off The Central Bank
 
Economy     Central Bank of Iraq     Private banks  2024-12-16 00:52  Twilight News/ Banking expert Mohamed Salem confirmed on Monday that most private banks are... She no longer “lives” on the Central Bank of Iraq without engaging in any economic activity.
 
And he said Salem told Shafaq News Agency, “Most private banks do not practice banking business
 
   It concerns credit only in a small way and  therefore does not contribute to revitalizing the Iraqi economy, as...      Currency exchange is the basis of its banking revenues, so  
it has become dependent on  
     electronic trading Hard currency and
     electronic payment, where
 
you
     obtain the dollar from the central bank and
     sell it And you
     get net profits without getting tired.”

And he realized   “Private banks, although they moved away from providing bank loans, were pioneers In
     electronic trading and in
     providing services to citizens and employees, whether related to ATMs Mechanism or other electronic services at a time when government banks were suffering from backwardness In this field." He explained
 
 “These services at private banks encouraged employees to settle their salaries there While government banks, except for the Iraqi Trade Bank, remained suffering from the problem of scarcity Localizing the salaries of its employees.” He confirmed Salem said,
 
 “Government banks, despite their failure to keep pace with international and even private banks
 
However, it remains faithful in preserving its depositors’ money, no matter how much it is exposed to theft or plunder This is what these banks witnessed in 2003.”   
 
https://shafaq.com/ar/اقتصـاد/خبير-مصرفي-المصارف-ال-هلية-لا-تدعم-الاقتصاد-العراقي-وتعتاش-على-البنك-المركزي   

Documents: The Iraqi Central Bank Punishes 49 Companies Involved In “Money Laundering” And Warns Against Fake Ones
 
Economy     Central Bank of Iraq  2024-12-16 02:35  Shafaq News/ The Central Bank of Iraq decided, on Monday, to punish 49 companies involved in “money laundering,” and also warned of fake trading and investment companies.
 
The bank directed the banks not to allow the 49 sanctioned companies to enter external financial transfer channels. In this context, the
 
Central Bank warned citizens of the existence of fake companies for electronic trading. The bank said in a statement received by Shafaq News Agency,
 
“There are fictitious companies for electronic trading in shares that claim to be licensed by the bank, and the
 
bank states that it does not grant a license to companies trading in (stocks, metals, and cryptocurrencies), pointing out that
 
“it has taken all legal measures against such people.” Fake companies. The bank indicated that
 
"some pages and publications on social networking sites have reported the names of fictitious companies that exploit the name of the Central Bank and claim that they are official Iraqi trading companies licensed by it for the purpose of investing and trading in digital currencies, stocks, gold, and oil by broadcasting fake videos and publications, and profits are withdrawn through wallets." Or it is delivered to people according to their claims, noting that
 
these companies claim to have branches in the governorates of Kirkuk, Mosul, Erbil and Sulaymaniyah.” The bank stressed the

need for “victims of these fake companies to take legal measures against them and inform the relevant authorities, calling on the public, before making any transfer, to review the names of the non-banking financial institutions licensed by it and published on its official website.”
 
Documents: The Iraqi Central Bank punishes 49 companies involved in “money laundering” and warns against fake ones
 
https://media.shafaq.com/media/arcella/1734349029648.jpeg
https://media.shafaq.com/media/arcella/1734349030304.jpeg
https://media.shafaq.com/media/arcella/1734349030588.jpeg
https://media.shafaq.com/media/arcella/1734349031782.jpeg
 
https://shafaq.com/ar/اقتصـاد/وثا-ق-المركزي-العراقي-يعاقب-49-شركة-متورطة-بـ-غسل-ال-موال-ويحذر-من-خرى-وهمية   

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