Dinar Recaps 20 12/22/24 Dinar Recaps 20 12/22/24

Some Iraq News Posted by Clare at KTFA 12-22-2024

KTFA:

Clare: Kirkuk Governorate suspends official working hours next Wednesday

12/22/2024

Kirkuk Governor Ribwar Taha Mustafa decided to suspend official work in all Kirkuk departments and all schools next Wednesday, coinciding with the birth of Jesus Christ (peace be upon him).

A statement from his office, a copy of which was received by {Euphrates News}, stated: “The Governor of Kirkuk decided to suspend official work in all Kirkuk departments and all schools next Wednesday, coinciding with the birth of Jesus Christ (peace be upon him), while universities and colleges will continue to conduct semester exams based on the request of university presidents in all government institutions.”

KTFA:

Clare: Kirkuk Governorate suspends official working hours next Wednesday

12/22/2024

Kirkuk Governor Ribwar Taha Mustafa decided to suspend official work in all Kirkuk departments and all schools next Wednesday, coinciding with the birth of Jesus Christ (peace be upon him).

Clare: Trade Bank of Iraq: Temporarily suspending cash transfers

12/22/2024 Baghdad

Today, Sunday, the Trade Bank of Iraq (TBI) announced the suspension of all cash transfers to TBI.

The bank stated in a statement that: All cash transfers to TBI Bank have been suspended as of today until January 7, 2025, due to the annual inventory procedures and the end of the fiscal year. LINK

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

Clare: Al-Sudani visits London in the middle of next month to discuss bilateral relations and attract British investments

12/22/2024 Baghdad - Economy News

An informed source told Al-Eqtisad News that Iraqi Prime Minister Mohammed Shia al-Sudani will visit the British capital, London, during the period from January 13 to 16, 2025.

The source said that the visit will be at the head of a high-level government delegation, and aims to discuss bilateral relations between the two countries, and enhance opportunities for attracting British companies to invest and work in Iraq.

He added that the visit schedule includes Al-Sudani meeting with the Iraqi community in Britain, as well as meetings with a number of British officials, most notably Prime Minister Keir Starmer. This comes within the framework of the Iraqi government's efforts to consolidate international relations and open new horizons for investment and joint projects. LINK

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

Clare: Al-Sudani returns to Baghdad after concluding his visit to Nineveh Governorate

12/22/2024

Prime Minister Mohammed Shia Al-Sudani returned to the capital, Baghdad, after concluding his visit to Nineveh Governorate.

According to a statement from his office, a copy of which was received by {Euphrates News}, “Al-Sudani’s visit to Nineveh included the following:

- Launching the executive work on the North Thermal Power Plant Project/Phase One, with a capacity of (700 megawatts), out of the total project capacity of (1400 megawatts).

- Launching the executive work on the (local administration) stadium and indoor sports hall project, and directing to increase the stadium’s capacity.

- Launching the executive works of the project to organize and rehabilitate the riverfront of the old city in the right side of Mosul.

- Field follow-up of the Mosul International Airport reconstruction project, which has reached more than 80% completion, and directing its opening in the coming month of June.

- Follow up on the ongoing work on the rehabilitation project of the ancient Nineveh Wall.

- Opening of the new Nineveh Governorate building.

- Announcing the launch of a series of new projects in Nineveh Governorate, including those related to infrastructure, the second phase of the ring road project, and the project to transform the military base in Qayyarah into a model base.

- Chairing a meeting of the leaders of the security and military services in the governorate.

- Meeting of tribal sheikhs and representatives of various components and nationalities in Nineveh LINK

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

Clare: Al-Sudani directs the opening of Mosul International Airport on June 10

12/22/2024

Prime Minister Mohammed Shia al-Sudani directed the opening of Mosul International Airport on June 10.

This came during his field follow-up of the progress of work at Mosul International Airport, during his visit to Nineveh Governorate, which he arrived at this morning, according to a statement issued by Al-Sudani's media office.

The statement said that Al-Sudani was briefed on the work related to the construction of the airport runway and its various halls, the current completion rate of which is more than 80%. He also listened to the officials of the implementing company, and directed the removal of all obstacles that hinder their current work.

The statement added that Al-Sudani directed that the airport be opened on June 10, which marks the anniversary of the occupation of Mosul, to be a message of defiance in the face of terrorism.

Mosul Airport is one of the most important airports at the governorate level after Baghdad and Basra airports, and it was destroyed by ISIS in a systematic manner and at a rate of 100%.

According to a statement from Al-Sudani's office, the project encountered many technical and administrative problems, which were overcome with direct support from the Prime Minister.

The completion rate of the project, which is part of the regional development projects, did not exceed (30%) last March, and work progressed during the past eight months, reaching more than (80%), and all the conditions approved by the Civil Aviation Authority and the Air Navigation Company were implemented. LINK

Clare: The dollar market is on “one leg”.. A new mechanism and the exchange rate is threatened!

12/22/2024

The Central Bank of Iraq is preparing to stop dealing with the electronic platform for dollar transfers abroad, at a time when experts have warned against raising the exchange rate to a higher level in light of the news circulating about this.

The electronic platform was launched in early 2023, and it represents a system for auditing dollar transfers before they are executed, instead of the audit that the US Federal Reserve used to conduct after execution.

Banks, companies and merchants in Iraq faced some challenges before adapting to the new method, but they finally underwent a series of trainings that the employees of these banks received before fully adapting to the platform’s work.

Exchange rate hike

In light of these moves, news has been raised about a move towards a new adjustment to the exchange rate, which has raised economists’ concerns about the potential impact of this move on the economic process in general.

Experts stressed that sudden changes in monetary policy could create additional confusion in the markets and undermine confidence in the financial system.

Economic expert Mustafa Akram Hantoush said, “Changing the exchange rate in the current situation is useless, because the problem is not in purchasing power, but in the demand for the dollar outside the platform due to small traders, trade with Iran, and some materials that are imported outside the platform due to high customs duties or their ban, in addition to the citizens’ desire to save the dollar.”

Hantoush added to Al Jarida that “it is better to find solutions to the increasing demand for the dollar outside the platform instead of resorting to changing the exchange rate, because that will complicate the monetary situation even more than it is now.”

clear policy

According to an official at the Central Bank of Iraq, dealing with the dollar file was based on various opinions built on a series of studies and field research.

The official, who preferred to remain anonymous, explained to Al Jarida that “the bank adopted two main approaches to address the crisis. The first is to expand the use of international currencies such as the Chinese yuan, the Indian rupee, the UAE dirham, and finally the Saudi riyal, with the aim of reducing dependence on the dollar. The second approach focuses on developing the operational capabilities of local banks to become more qualified to participate in transfer operations.”

For his part, banking researcher Mahmoud Dagher explained that “the fluctuation of the Iraqi dinar exchange rate came as a result of two decisions to reduce the value of the dinar in 2020 and then raise it in 2023, which represents a clear intervention in the fixed exchange rate system, which created ongoing economic confusion.”

Dagher told Al Jarida that “any new change in the exchange rate reflects the absence of benefit from previous mistakes, as wrong interventions in monetary policy lead to adverse results that increase the instability of the financial market.”

As for the economic expert, Adi Al-Alawi, he confirmed that “the biggest mistake that the government can make is to manipulate the dollar exchange rate through sudden decisions, because that has a direct impact on the national economy and shakes investors’ confidence in the financial system.”

Al-Alawi added to Al-Jarida that “the government’s continued taking of ill-considered decisions regarding the exchange rate will lead to the erosion of international and local confidence in the Iraqi economy, which will weaken the ability to attract the investments necessary to improve the economic reality.” LINK

Dinar Recaps 20 12/22/24 Dinar Recaps 20 12/22/24

How a New BRICS Currency may Affect the Dollar

How a New BRICS Currency may Affect the Dollar

Geopolitical Analyst: 12-22-2024

As nations increasingly seek to assert their economic independence, the geopolitical landscape is evolving, with an eye on alternatives to the longstanding dominance of the U.S. dollar. Among the most notable developments in this sphere is the potential introduction of a new currency by the BRICS bloc—Brazil, Russia, India, China, and South Africa.

This article explores how this currency could affect the dollar’s status, international trade, and the broader financial system.

How a New BRICS Currency may Affect the Dollar

Geopolitical Analyst: 12-22-2024

This article explores how this currency could affect the dollar’s status, international trade, and the broader financial system.

BRICS was founded as a coalition of emerging markets to foster economic cooperation and development. The common aspiration is not merely to compete with the G7 nations but to establish a more balanced global economic framework. In recent years, these nations have been forging closer ties, driven by their mutual interests of reducing reliance on Western economies, particularly the United States.

The idea of a BRICS currency has gained traction, especially as these countries navigate economic sanctions, volatile exchange rates, and the challenges posed by the fluctuating dollar. In 2023, discussions among BRICS nations intensified, with calls for a shared currency aimed at facilitating trade and investment among member states while offering a viable alternative to the dollar.

The U.S. dollar has reigned as the world’s primary reserve currency for decades, accounting for approximately 60% of global reserves. This dominance has afforded the United States substantial advantages, including lower borrowing costs and the ability to impose economic sanctions with relative ease.

A new BRICS currency could disrupt this status quo by encouraging member countries to engage in trade and investment using the new currency instead.

As countries explore alternatives to the dollar, there is potential for a reduction in dollar-denominated trade, which could undermine the currency’s global hegemony.

The emergence of a BRICS currency could induce greater volatility in currency markets. As nations shift their reserves and trading practices toward the new currency, the dollar may experience fluctuations in value.

Commodities currently priced in dollars, such as oil and gold, may find new price benchmarks, leading to further instability in their markets as well. Such volatility could impact not only the U.S. economy but also the global economy at large.

A shift towards a new BRICS currency could exacerbate existing geopolitical tensions. The U.S. has historically wielded its financial clout to influence global politics, and any threat to dollar dominance may prompt a defensive stance. The potential weaponization of the dollar by the U.S.—in the form of sanctions—could push other nations to accelerate the move toward alternatives, thereby solidifying the divide between Eastern and Western powers.

In this context, the introduction of a BRICS currency could be more than just an economic move; it could be viewed as a political statement against perceived Western hegemony.

A BRICS currency could significantly alter global trade dynamics, especially in regions where BRICS nations hold considerable sway. Countries in Asia, Africa, and Latin America may find it advantageous to trade within this new framework, thereby lessening dependency on the dollar. For smaller economies, trading in a BRICS currency could mean lower transaction costs and reduced exposure to the risks associated with dollar fluctuations.

This shift could give BRICS nations more power in setting the terms of trade, establishing new partnerships, and enhancing their influence on the global stage.

The introduction of a BRICS currency is not without challenges. Questions remain regarding its stability, backing, and the mechanisms for implementation. Moreover, member nations would need to overcome significant economic disparities and ensure that the new currency is widely accepted and trusted.

Regardless, the contemplation of a BRICS currency signals a potential seismic shift in the geopolitical landscape. As these nations band together in their quest for economic autonomy, the consequences for the U.S. dollar may be profound.

While the full implications of a new BRICS currency remain to be seen, its potential to challenge the dollar’s supremacy could reshape the global economic order. The world watches with anticipation as BRICS members deliberate their next steps, with the possibility of marking a new era in international finance.

The dollar’s future may very well depend on how effectively the U.S. can adapt to these emerging developments and address the core grievances fueling the push for an alternative currency. Ultimately, the unfolding story of the BRICS currency will be one to watch as it unfolds in the coming years.

https://youtu.be/1oHyQE2tCwk

DINARRECAPS8 12/22/24 DINARRECAPS8 12/22/24

Iraq Economic News And Points To Ponder Late Saturday Night 12-22-24

An Expert Predicts Iraq's Economic Future In 2025

Reports Saturday, December 21, 2024 (70 views) Sky Press/Baghdad On Saturday, international economist Nawar Al-Saadi revealed the financial and economic future expectations for Iraq at the beginning of the new year 2025. Al-Saadi said,

"Iraq's economic and financial future expectations at the beginning of the new year carry a mixture of optimism and caution, as they depend largely on a group of economic, political, and regional factors that directly affect the country's financial and economic stability."

He added, "International estimates indicate an improvement in Iraq's economic growth rates, according to reports from the International Monetary Fund, where

it is expected that the Iraqi economy will witness growth of 1.4% during the next year, with an expected increase of up to 5.3% in 2025.

This growth reflects the recovery of the economy."

After the challenges it faced in recent years, especially after the economic contraction that reached 2.2% in 2022, economic growth will be mainly driven by stabilizing oil prices and increasing investments in non-oil sectors.” Al-Saadi pointed out,

“There are fears of a deterioration in the financial situation due to the expected deficit in the state’s general budget, as the deficit is expected to expand to 7.6% of the gross domestic product during the next year, compared to 1.3% in the current year.

This deficit is due to fluctuations in oil prices, which are the main source of government revenues.

The economic situation is further complicated by the heavy dependence on oil, as it constitutes about 90% of Iraq’s revenues.

Any decrease in its global prices may lead to severe financial pressure on the government.” He pointed out that

“other challenges relate to inflation rates, which are expected to rise slightly to reach 3.5% in 2025.

This rise reflects the effects of financial pressures and internal economic challenges, including the rise in prices of goods and services as a result of increased production and import costs.

Oil production:

Iraq is expected to continue to maintain a high level of production, with plans to enhance its production capacity to reach about 4 million barrels per day by the first quarter of 2025. However, the

success of these efforts will remain linked to stability. political and relations with OPEC, in addition to achieving long-term investments in energy infrastructure.”

Al-Saadi continued:

“At the banking sector level, the government seeks to implement structural reforms to

     improve the efficiency of the banking system and
     increase transparency, and

these reforms come within a larger vision to

     develop the Iraqi economy and
     diversify sources of income away from excessive dependence on oil.”

The specialist in international economics concluded his speech by referring to all the aforementioned data, by saying that

“Iraq may be facing hot economic and financial events with the beginning of the new year, and the

main challenge lies in the government’s ability to manage these challenges effectively through balanced financial and economic policies aimed at Promoting economic stability and diversifying the economy to achieve sustainable growth.”

https://www.skypressiq.net/2024/12/21/خبير-يتوقع-مستقبل-العراق-الاقتصادي-في-عام-2025

An Economist Urges Those In Charge Of The Industrial Project Financing Initiative To Take Measures That “Attract Investors”

Economy | Yesterday, |Baghdad today – Baghdad Economist Manar Al-Obaidi confirmed today, Saturday (December 21, 2024), that the

industrial project financing initiative is one of the main initiatives that aims to support the industrial sector in Iraq and enhance its role in achieving economic development, noting

a package of measures that must be taken to ensure that it is directed in the right way. Serves its national goals "attracting investors."

Al-Obaidi said in a post on the “Facebook” platform, followed by “ Baghdad Today ,” that

“the initiative comes as part of the efforts made to stimulate industrial activity by providing financing on easy terms, including low interest rates, flexible payment periods, and encouraging guarantees,” noting that

“These advantages make the initiative attractive to investors, as it gives them the opportunity to establish industrial projects that support the local economy and reduce dependence on imported goods.”

Trillion Iraqi dinars this year, which highlights the urgent need to activate such initiatives to reduce this economic burden,” stressing

“the necessity of setting clear controls and goals for the initiative to ensure its success.” and achieve its goals.” He continued,

"Setting measurable goals helps direct efforts effectively and ensures achieving the desired results.

The general goal of promoting industry, despite its importance, is a broad goal and not subject to precise follow-up," stressing that

"it is necessary to formulate specific goals linked to indicators." Measurable performance, so that the extent to which the initiative achieves these goals can be evaluated.” He stated,

"Unfortunately, Iraq's experience with the Small and Medium Enterprises Financing Initiative shows the importance of this point.

More than 18 trillion Iraqi dinars have been allocated to this initiative,

but a large portion of the funding was directed toward projects not related to supporting the productive economy, such as construction and housing projects." He noted that

“this approach did not achieve the desired goals of the economic initiative and led to a reduction in its effectiveness.” He stated,

“To ensure that the initiative’s funding is directed towards projects that achieve national goals, key criteria must be determined to evaluate projects applying for funding, which include:

1- Reducing the import bill:

One of the main goals of any industrial project is to reduce dependence on imports.

However, it should be noted that some projects may claim to reduce the import bill, but in reality they replace the import of the finished product with the import of raw materials.

This trend does not contribute to reducing the total value of imports, but rather leads to additional losses, such as the state losing customs revenues on imported goods, as imported raw materials are exempt from customs under investment laws.

Therefore, priority should be given to projects that rely on local raw materials or that operate in the field of extractive and recycling industries, compared to manufacturing industries that depend on importing raw materials.

2- Providing job opportunities:

Modern technology has reduced the need for manpower in many industries, as production lines have become semi-automated.

Therefore, funding priority should be for projects that provide significant direct and indirect employment opportunities.

The ultimate goal of strengthening the industrial sector is to create job opportunities for youth and job seekers, and

if the initiative does not achieve this goal, its benefit will be limited.

3- Relying on energy alternatives:

Energy costs are considered one of the biggest challenges facing the local industry in Iraq, as they directly affect the competitiveness of products.

Therefore, projects that rely on alternative energy sources such as solar energy and other clean energy should be encouraged.

Although investment in these alternatives may be high initially, in the long term it can reduce production costs and improve the competitiveness of local products.

4- Encouraging exports:

Most industrial projects in Iraq focus on the large local market, but it is necessary to direct part of production towards export.

Iraq enjoys a strategic location that allows it to benefit from the large volume of trade exchange between the Gulf countries and Turkey, which exceeds 20 billion dollars annually.

Iraq can also benefit from its geographical proximity to Europe and Asia to reduce logistical costs and expand the target market base.

Projects that allocate part of their production to export should receive priority funding.

5- Localization of industries and technical knowledge:

The initiative should seek to encourage the localization of global industries within Iraq, especially in the areas of electronic devices and cars.

Attracting international companies to work inside Iraq will not only strengthen the local industry, but will contribute to the transfer of technical knowledge and encourage foreign direct investment.

Projects targeting the localization of major industries deserve top priority in funding.

6- Additional factors for evaluation

• Future expansion plans for the project.

• The extent of women’s empowerment in the project.

• Environmental impact and waste handling mechanisms.

• The location of the project and the extent of its impact on the geographical distribution of development. He stressed

Initiative implementation mechanism

"the need for financing decisions to be based on a comprehensive evaluation system that goes beyond the feasibility study submitted by investors," stressing

"the need for the evaluation to include clear and specific goals for the state, with relative weights for each goal to determine funding priorities." Al-Obaidi pointed out,

“This system ensures that funding is directed towards projects that achieve the highest added value to the national economy,” noting that the industrial project financing initiative has great potential to stimulate the industrial sector and promote economic development in Iraq.

https://baghdadtoday.news/264347-اقتصادي-يحث-القائمين-على-مبادرة-تمويل-المشاريع-الصناعية-باتخاذ-إجراءات-تجذب-المستثمرين.html

What Are The Goals Of Expanding External Transfer Channels By The Central Bank Of Iraq?
Economy 12-19-2024, |Baghdad today – Baghdad Today, Thursday (December 19, 2024), economic affairs specialist Alaa Al-Fahd revealed the goal of the Central Bank of Iraq to expand external transfer channels for local banks.

Al-Fahd said, in an interview with “Baghdad Today,” that “as part of the Central Bank’s policy and its ongoing attempts to control foreign transfers to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies that are used for imports, especially

with the countries that we have.” Import transactions, the transfer is in the currencies of the countries, and there was an agreement regarding this with the Turkish side, as well as the Emirates, China, and today with Jordan and Saudi Arabia.”

He stated, "This step reduces the demand for the dollar to finance foreign trade.

Most of the demand for the dollar is to finance foreign trade, and with the expansion of the basket of currencies, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market." He added,

"This step will also allow many banks to deal with many countries according to the currencies of those countries, and

this enhances a major role in developing the work of banks in terms of experience.

Its main goal is to control the dollar exchange rate and work to reduce it."

https://baghdadtoday.news/264256-ما-اهداف-توسيع-قنوات-التحويل-الخارجي-من-قبل-البنك-المركزي-العراقي؟.html

Did Non-Oil Revenues Contribute To Iraq's Budget?

Money and business Economy News – Baghdad   Advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, that non-oil revenues have witnessed a significant change in their contribution to budget resources, while he stated that the government program seeks to raise them to 20%.

Saleh told the official agency, followed by Al-Eqtisad News, that

“there are two paths in the rise in non-oil revenues, which have witnessed a significant change in their contribution to the federal general budget resources, as indicated by Prime Minister Muhammad Shiaa Al-Sudani,” indicating that “the

first path is an increase in the growth rate.” in the non-oil GDP to reach 6% annually, and

it represents a leap in the development of the productive activities of the non-oil sectors of the economy, headed by the

     transportation sector,
     digital communications technology, and
     housing. Construction,
     infrastructure,
     agriculture, and
     clear industrial transformation.” He added, "The

other path is the development taking place in the general budget resources other than the oil resource as a result of the high discipline in tax and customs collection after the introduction of digital processes and automation and the expansion of touching on neglected tax bases," pointing out that "the

progress achieved is consistent with the government program to seek to raise the share of non-oil revenues." Oil revenues over time and within the economic reform packages by making it 20% instead of less than 10%. Saleh explained,

“This issue is related to

     growth in non-oil gross domestic product on the one hand, and
     maximizing the budget’s resources financially from traditional revenue sources, whether
          direct and indirect taxes, and
          various related government revenues,

which generates a complementary relationship between financial sustainability and economic sustainability over time, which is a higher goal than Objectives of the government program.

Prime Minister Muhammad Shiaa Al-Sudani had confirmed that

“non-oil revenues reached 14 percent from 7 percent,” noting that “the

unemployment rate decreased from 16.5 to 14.4, and the
poverty rate was reduced from 23 percent to 17 percent.”

views 224    Added 12/21/2024 - https://economy-news.net/content.php?id=51117

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

DINARRECAPS8 12/22/24 DINARRECAPS8 12/22/24

Seeds of Wisdom RV and Economic Updates Sunday Morning 12-22-24

Good Morning Dinar Recaps,

XRP LAWSUIT NEWS: EX-SEC LAWYER REVEALS RIPPLE WAS DISCUSSED WEEKLY, PREDICTS POSSIBLE DISMISSAL OF APPEAL

Ripple-SEC closed meeting sparks rumors of potential case dismissal, fueling XRP community's hope for a major rally ahead.

Former SEC lawyer predicts possible XRP case closure, as government shutdowns and RLUSD launch impact Ripple's future prospects.

Good Morning Dinar Recaps,

There are rumors that Ripple and the SEC will have a closed meeting, which could lead to a significant development in the XRP case. Speculation suggests that the meeting may result in the case being closed or dropped entirely, with answers expected soon.

A user reacted to this, praising the XRP community for its unwavering perseverance. Despite being wrong many times, the community continues to stay positive and hopeful, showing up every month for updates.

Ex-SEC lawyer Marc Fagel believes the SEC will continue on its current path for now, filing the opening brief as planned. He also pointed out that the new SEC chair could take some time to be confirmed, and it’s possible that they may vote to dismiss the appeal. Though it’s an unusual step, Fagel thinks it’s a possibility if the right people are in charge.

SEC’s Shutdown, RLUSD Live and More

In other news, the SEC is preparing for a government shutdown, which could impact its operations. Government shutdowns and financial instability, like the US government’s debt issues, have added pressure on the market.

Ripple’s RLUSD launch had positive price action initially but has since been impacted by market downturns. Brad Garlinghouse, Ripple’s CEO, believes RLUSD will be big for the company’s future. With SEC’s clarity and possible case dismissal, XRP might be up for a massive rally.

@ Newshounds News™

Source: Coinpedia

~~~~~~~~~

GOOGLE TO REQUIRE UK CRYPTO ADS TO REGISTER WITH FINANCIAL REGULATOR STARTING JANUARY 2025

The new policy will take effect on January 15, 2025.

Hello, World!

Google has announced a policy update requiring advertisements for digital asset exchanges and wallets in the United Kingdom to register with the Financial Conduct Authority (FCA) before being allowed to run on its platform.

The new policy will take effect on January 15, 2025, the search engine company said in a recent announcement.

Under the updated rules, advertisers offering crypto exchange services or software wallets in the UK must meet specific conditions to promote their products.

UK Crypto Firms Need to Register with FCA

Chief among these is registration with the FCA, ensuring compliance with the country’s financial regulations.

Additionally, Google will permit advertisements for hardware wallets that store cryptocurrency private keys, non-fungible tokens (NFTs), or other digital assets.

However, these hardware wallet providers must avoid offering ancillary services such as buying, selling, or trading digital assets.

While the search giant did not provide additional requirements for hardware wallet ads, it emphasized that all advertisers must adhere to local laws in their targeted regions.

“As a reminder, we expect all advertisers to comply with the local laws for any area that their ads target. This policy will apply globally to all accounts that advertise these financial products,” Google said.

The new policy underscores the growing scrutiny of crypto-related advertisements worldwide as regulators attempt to curb misleading promotions.

In the UK, the FCA recently issued a warning about the Solana-based memecoin and NFT project “Retardio.”

The regulator flagged the project for unauthorized promotions targeting UK consumers, cautioning that investors might face financial losses if the company fails.

Elsewhere, Nigeria’s Securities and Exchange Commission (SEC) has also introduced stricter advertising guidelines for crypto products.

The SEC now requires virtual asset service providers and influencers to secure agency approval before publishing promotional materials.

Google Ads Promotes Fake Crypto Websites

As reported, a sponsored Google ad posing as a link to Sony’s blockchain project, Soneium, was exposed as a cleverly disguised crypto wallet drainer.

In October, a search for “soneium” on Google led users to a phishing site designed to steal crypto assets.

The ad linked to a website with a domain name similar to Soneium’s official site, which appeared as a legitimate yet unfinished landing page for a radiology service based in the UK.

In another incident, a fraudulent cryptocurrency wallet app on Google Play reportedly stole $70,000 from users in a sophisticated scam that has been described as a world-first for targeting mobile users exclusively.

The malicious app, named WalletConnect, mimicked the reputable WalletConnect protocol but was, in fact, a sophisticated scheme to drain crypto wallets.

The deceptive app managed to deceive over 10,000 users into downloading it, according to Check Point Research (CPR), the cybersecurity firm that uncovered the scam.

The scammers behind the app were well aware of the typical challenges faced by web3 users, such as compatibility issues and the lack of widespread support for WalletConnect across different wallets.

@ Newshounds News™

Source: CryptoNews

~~~~~~~~~

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

Dinar Recaps 20 12/22/24 Dinar Recaps 20 12/22/24

“Bits and Pieces” in Dinarland Sunday AM 12-22-2024

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 Sun. 22 Dec. 2024

Compiled Sun. 22 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sat. 21 Dec. 2024 TNT Tony: Banks down to the branch level, received a memo saying they were going to be exchanging new currencies, as early as 5:00 today Sat. 21 2024, or this weekend. In Iraq, multiple contractors were paid at a rate of $3.91. Citizens were told that a 10,000 dinar note would now be worth 10 dinars. All T4B must be finished exchanging by December 31, with no exchanges on Christmas Day.

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 Sun. 22 Dec. 2024

Compiled Sun. 22 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 20 Dec. 2024 Wolverine: “The platforms are closing down right now. The platforms are all loaded with money. It looks like we are crossing the finish line. Have a beautiful, beautiful day. It’s all coming before Christmas.”

Thurs. 19 Dec. 2024 Bruce, The Big Call: All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas. In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA kicks in.

~~~~~~~~~~~

Long Term Structured Zim Payout System for Humanitarian Projects: QFS, NESARA, XRP, and Stellar – Redemption Rate = The Amount Paid For Each Zim Dollar…Julian Assange on Telegram

ALERT: The Quantum Financial Revolution is Here! The Structured Payout System stands as the cornerstone of the Quantum Financial System (QFS), offering a transformative approach to managing redemption funds. This intricate system ensures secure, long-term cash flow for humanitarian projects while dismantling the control of traditional banking systems. The Redemption Rate determines the value of your Zim Dollar bonds during the appointment, activating Digital Gold Certificates in the QFS. This process guarantees that your funds are protected and utilized for humanitarian efforts over a term of your choosing, whether 10, 25, 50, 100 years, or beyond, as approved during your Redemption Appointment.

At the heart of this system lies the distinction between the Primary Principal, which calculates the redemption’s total value, and the Secondary Principal, which is the actual amount deposited in your QFS account. Payments are structured as a percentage of the Primary Principal—typically 10% annually—providing consistent funds for your projects. Immediate access to these funds, without waiting periods or external restrictions, ensures flexibility and control. Administered by the Alliance, these funds are safeguarded, securing your financial future against manipulation.

The Quantum Financial System (QFS) is nothing short of a revolution. Built to overthrow the cabal’s stranglehold on global finance, it leverages quantum computing and artificial intelligence to create a decentralized, asset-backed economy. Unlike traditional systems that rely on fiat currencies and central bank policies, the QFS operates on tangible assets like gold, platinum, and oil. Real-time fraud detection powered by quantum technology ensures transparency and security, enabling swift action against any attempted manipulation. This shift represents a new era of financial freedom, where individuals and nations regain control over their financial destinies.

As the world transitions to the QFS, the revaluation of the Iraqi Dinar and the integration of NESARA, XRP, and Stellar signal the dawn of a stable, value-driven economy. The Structured Payout System aligns with this transformation, allowing Sovereigns to secure their futures and plan for long-term humanitarian impact.

The Med Bed technologies further expand the possibilities, making it imperative to choose structured terms wisely, potentially extending beyond 100 years for those dedicated to rebuilding a better world.

The Cabal and their banking puppets are losing their grip as the QFS rises to redefine global finance. This monumental shift empowers humanity, ensuring that financial resources serve the people rather than being tools of oppression. The Structured Payout System and the QFS are instruments of liberation, giving Sovereigns the ability to plan, budget, and execute projects that will shape the next century.

Now is the time to embrace this transformation, setting aside disinformation and focusing on the truths provided by the Alliance. Humanitarians, the future is bright, and the tools for change are within your grasp.

Read full post here: https://dinarchronicles.com/2024/12/22/restored-republic-via-a-gcr-update-as-of-december-22-2024/

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

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

Mnt Goat ...we are almost there... According to my CBI contact the new elected US administration is now working with Iraq and has contacted Iraq and so this is also VERY GOOD news at this time. We must be patient and let the process play out... The process does not change only some events along the way to get there in Dr Shabibi’s plan to reinstate...there is one more step to the de-dollarization process and that is to get off the sole de facto peg to the US dollar. This step must take place and soon, VERY SOON! There is no longer a need for it...It’s time to bring the Iraqi dinar to the forefront.

Militia Man The writing is on the wall, Iraq's going to the private sector and we have to see where the pipeline's going to get started again, the oil, salary is going to get localized, they're going to need an exchange rate to take care of all those things, all those contracts, they're going to need a valuation of the country's true effective exchange rate...We're seeing it all right now in real-time. Will it happen in the next few days? Not sure but we're sure looking at some powerful information that we haven't seen before.

Ten Currencies We Are Watching Updates & Exchange Rates

Edu Matrix: 12-22-2024

Ten Currencies We Are Watching Updates & Exchange Rates -In this video from the Edu Matrix channel, we dive into the latest exchange rates and currencies to watch as of December 20th.

Discover how the Vietnamese Dong (VND), Haitian Gourde (HTG), Iraqi Dinar (IQD), and Argentine Peso (ARS) are performing against the USD.

We’ll also highlight the Brazilian Real (BRL), Colombian Peso (COP), and the rising prices of gold, along with Bitcoin's recent volatility. Learn about Turkey's fluctuating Lira (TRY) and the challenges surrounding the BRICS currency plans.

https://www.youtube.com/watch?v=WV8rfpGYZj8

BE CAREFUL! This Is SERIOUS..." The Whole SYSTEM Is COLLAPSING... - Peter Schiff

Economy101: 12-22-2024

https://www.youtube.com/watch?v=PDKN84QZEUk

Dinar Recaps 20 12/22/24 Dinar Recaps 20 12/22/24

“Tidbits From TNT”

TNT:

Tishwash: The Parliamentary Legal Committee reveals to (Al-Mada) the date for resuming Parliament sessions.. This is the most important thing that will be passed

The Parliamentary Legal Committee set, on Saturday, the date for resuming the sessions of the House of Representatives, while revealing the most prominent laws that will be passed during the current session.

Committee member Raed Al-Maliki said in an interview with (Al-Mada), "Parliament sessions will resume on January 9, 2025, which is the first chapter of the fourth year of the current session of the Council."

TNT:

Tishwash: The Parliamentary Legal Committee reveals to (Al-Mada) the date for resuming Parliament sessions.. This is the most important thing that will be passed

He added, "Parliament will proceed with the legislation of a number of laws, most notably amending the Drug Law, the Intelligence Service Law, the laws regulating the right to demonstrate, the Iraqi Media Network, amending the amnesty and personal status laws, and other laws."

These developments come at a time when the Iraqi parliament is witnessing repeated disputes over controversial laws, such as personal status, general amnesty, land recovery, oil and gas, which has led to the postponement of sessions or the disruption of the passage of laws on more than one occasion.

Parliament is currently seeking to avoid political tensions and ensure the passage of laws in a manner that serves the stability of legislative work.

The Speaker of the House of Representatives, Mahmoud Al-Mashhadani, confirmed after his election to the position that the controversial laws will be put to a unanimous vote, away from political bickering that may hinder the progress of legislative work. link

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

Tishwash: Masrour Barzani discusses regional developments with Trump's national security nominee

The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed, in a phone call today, Saturday, with Congressman Michael Waltz, who was recently chosen by US President-elect Donald Trump as an advisor to the National Security Council, a number of important issues.

A statement by the regional government received by Shafaq News Agency stated that during the phone call, the two sides discussed the latest developments in Iraq, the Kurdistan Region and the region in general, and stressed the importance of strengthening bilateral relations and joint work to maintain security and stability in the region.

The Prime Minister congratulated the Congressman on his selection as an advisor to the National Security Council, praising his extensive experience in security files and issues related to the region.

The two sides also exchanged views on the results of the recent elections in the Kurdistan Region and the United States, and stressed the importance of democratic change and enhancing joint international cooperation and coordination in this context.

Part of the talks was devoted to discussing the pivotal role of the Kurdistan Region as a reliable partner in the region, as well as its commitment to shared values and goals that promote peace and security. Both sides agreed on the need to intensify joint efforts to overcome challenges and obstacles, in order to ensure the continuation of stability in the region. link

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

Tishwash: Fluctuating Dinar: economic experts urge action as dollar soars in Iraq

Iraq’s dinar continues its erratic trajectory against the US dollar, with no resolution in sight despite years of governmental and central bank efforts, experts attributed the instability to weak policies and unchecked market manipulation.

Root Causes of Volatility

The dollar is surging against the dinar at Baghdad’s main currency exchanges, Al-Kifah and Al-Harithiya, surpassing 1,510 dinars per $1. On the streets, exchange shops are marking up selling prices to more than 1,520 dinars.

“The instability in dollar prices reflects the Iraqi Central Bank and government’s inadequate monetary policies, which fail to address the core of the issue,” said Mustafa Faraj, an economic expert. “Their hesitant measures have left them unable to control the dollar’s value.”

Faraj cited US sanctions on neighboring Syria and Iran as a major factor. “The lack of legitimate trade channels with these countries, combined with restrictions on dollar transfers to them, has led to dollar smuggling, driving up its price,” he told Shafaq News Agency.

“When the dollar rises, it pushes up the cost of basic goods, food, and even commercial activity. This cascade of price hikes stems from a failure to find comprehensive solutions and punish manipulators,” Faraj explained.

Emerging Pressures

New dynamics have exacerbated the crisis. Ahmed Eid, an economic researcher, linked heightened demand for dollars to the fallout from the conflict in Syria. “The shift in Syria has disrupted the interests of militia leaders and influential figures, many of whom are now stockpiling dollars to secure alternative income streams,” he said.

Eid pointed to the closure of Syria’s border with Iraq as a catalyst, forcing traders to seek new suppliers in countries like Turkiye and Egypt. “This transition requires substantial dollar liquidity, which further squeezes the market,” he said.

Currency smuggling and money laundering also continue to erode market stability. “These illicit activities persist unchecked, compounding the dollar’s rise,” Eid warned.

Future Uncertainty Amid Policy Shifts

Concerns are mounting about the impact of Iraq’s planned phase-out of its electronic transfer platform for dollar transactions. Introduced in early 2023, the platform was designed to monitor transfers more effectively. However, the Iraqi Central Bank announced in September that it would be discontinued by year-end.

“The Central Bank’s plan to shift dollar transactions exclusively to foreign banks with correspondent relationships is a blow to local banks,” said economist Ahmed Abdul Rabih. “Four dominant banks will monopolize the sector, sidelining smaller institutions and creating a bottleneck for dollar supply.”

“These banks will dictate the exchange rate, likely driving up prices. The Central Bank must advocate for local banks to establish accounts with international institutions like J.P. Morgan and Citibank,” Abdul Rabih urged.

Reassurances from the Central Bank

In response to public concerns, the Iraqi Central Bank has downplayed fears of major disruptions.

In a statement, it described the transition as part of a phased strategy to align with international standards, emphasizing that 95% of transfers had already shifted from the platform to direct banking relationships.

“The transition will be completed gradually, ensuring continuity,” the bank stated, adding that partnerships with foreign banks in China, India, Turkiye, and the UAE would facilitate trade using non-dollar currencies, such as the yuan and euro.

Thirteen Iraqi banks have already begun operations under the new framework, offering pre-approved transfers and enabling global payment systems for personal and commercial needs, the statement said. These steps aim to “stabilize the currency and curb inflation, reinforcing official exchange rates as the benchmark for legitimate economic activities.”

“The official rate reflects real market dynamics,” the Central Bank stressed, warning against unofficial rates driven by “those engaging in unauthorized practices.”

The bank emphasized that it has structured external transfer operations and the fulfillment of dollar demand along proper channels, aligned with international practices, standards, and the Anti-Money Laundering and Counter-Terrorism Financing Law.

"Providing these channels for all purposes at the official dollar exchange rate makes this rate the true benchmark for economic practices, as evidenced by price stability and inflation control. Any other rate traded outside these channels is considered irregular and utilized by those engaging in non-compliant or illicit practices who avoid official channels in their dealings. These individuals bear the additional costs of purchasing at higher rates than the official price to create the illusion of a disparity between the official and unofficial rates." The statement concluded.

Despite reassurances, skepticism lingers among economic experts, who argue that without stricter enforcement and comprehensive reforms, the dinar’s fluctuations will persist. For many Iraqis, the cost of living remains tightly bound to the fate of the dollar. link

Mot: Marital Moments at Christmas!!!

Dinar Recaps 20 12/21/24 Dinar Recaps 20 12/21/24

More News, Rumors and Opinions Saturday PM 12-21-2024

Ariel : The Start of “the Storm” Officially Starts with Iraq

Sat: Dec 21, 2024

I can not stress this enough. Once Iraq reinstates their currency on the Forex market everything is going to speed up. Things are already in a blitz formation. Once the ball snaps there will be no slowing down until the desired destination is reached. Everything. Everywhere. All at once.

The start of “The Storm” in my opinion officially starts with Iraq.

Ariel : The Start of “the Storm” Officially Starts with Iraq

Sat: Dec 21, 2024

The start of “The Storm” in my opinion officially starts with Iraq.

CryptoGeek: BREAKING: Donald Trump signs a deal to integrate $68 billion worth of $XRP into the Federal Reserve and Treasury!

Not sure how accurate this news is. But I will say this in general If this turns out to be true. If XRP becomes a recognized reserve asset or part of international transactions, its liquidity will increase.

This should benefit the Iraqi Dinar, which is paired with XRP, by providing it with a more stable and liquid environment for trading.

We all know Iraq will also use their gold reserves to help stabilize the IQD as well.

This could lead to a more predictable exchange rate for the IQD in international markets, potentially reducing volatility and enhancing investor confidence.

Which was always the goal. Of course RLUSD will play a role in this given that it is a Stable Coin.

https://dinarchronicles.com/2024/12/21/ariel-prolotario1-the-start-of-the-storm-officially-starts-with-iraq/

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

KTFA

Clare: Parliamentary Committee confirms return of movement regarding preparation of draft oil and gas law

12/21/2024 Information / Special..

Member of the Oil and Gas Committee, MP Basem Al-Gharibawi, confirmed on Saturday that there is a desire among the political forces to legislate the oil and gas law in the near future, through the return of the joint committees to work in order to Prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the regional minister of natural resources together within the committee.

Al-Gharibawi said in a statement to Al-Maalouma Agency, “The legislation of the oil and gas law is of utmost importance on the political and economic levels and is considered one of the basic laws and regulates the relationship with the center and the region Its legislation has become an urgent and pressing necessity despite its introduction since 2007.”

He added that "the main obstacle facing the legislators of the law is the paragraph on the tasks of the Federal Council and the powers of the region within the council," noting that "there is a desire among the political forces to legislate the oil and gas law in the near future through the return of the joint committees to work in order to prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the minister of natural resources in the region together within the committee "

It is noteworthy that the committees specialized in drafting the oil and gas law include the federal oil minister, the regional minister of natural resources, the general manager of SOMO, and senior staff in the Ministry of Oil, in addition to the oil-producing provinces. Such as Basra, Dhi Qar, Maysan, and Kirkuk. LINK

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

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY:
CBI is talking about expansion of money transfers to local new currencies...Mr. Sammy says it's the Jordanian dinar and the Saudi riyal and the Turkey currency and the Chinese yuan. FRANK: None of these countries have ever dealt with Iraq the way they are now because of the program rate. To me it proves we have a new rate or they wouldn't lift a finger to help Iraq.

Nader From The Mid East The thing I saw and made me very happy...When you see the Saudis coming with their money, now we can trade their monies, the UAE and all the Middle East countries, almost. Turkey, Saudis, Kuwait, Qatar. Now we can exchange our dinars with their dinars, durham, riyal, with anything like that. That's very big guys cuz the dollar...yuan Chinese, the euro is already there. Now we have all continental of Europe...Middle East...United States and now it's missing a little bit of Africa and we're done. Other ones like Canada does whatever the United States do. Australia same thing. That made me very happy. That mean soon we'll be in every bank in United States. It will be tradable. If it's tradable it's going to gain a lot of values and quick.

'Mini Depression' Coming: What Happens To Stocks, Bitcoin When Economy Tanks | Chris Vermeulen

David Lin: 12-21-2024

Chris Vermeulen, Chief Market Strategist of The Technical Traders (https://thetechnicaltraders.com/david..., gives his outlook for broad stock markets, Bitcoin, energy stocks, USD, and CAD for 2025.

0:00 - Market recap

0:50 - Bitcoin

11:50 - Stock market outlook

20:33 - Dow Jones’ losing streak

22:48 - Energy stocks

27:38 - 35%-55% pull back in S&P 500

30:20 - USD

33:25 - Gold

35:00 - CAD

37:33 - Peak maximum risk

https://www.youtube.com/watch?v=KiLC0Ps8kPc

DINARRECAPS8 12/21/24 DINARRECAPS8 12/21/24

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-21-24

Good Afternoon Dinar Recaps,

NOT BRICS, THIS COUNTRY POSES BIGGEST THREAT TO THE US DOLLAR

The BRICS alliance aims to pull the US dollar down from the global reserve currency and trample its dominance. Despite multiple efforts to uproot the USD, the bloc remains unsuccessful in attempts to de-dollarize.

The greenback remains the dominant currency and a force to reckon with in the forex markets. Around 58% of the world’s reserves are in the USD, and cutting ties with the currency will prove fatal to the prospects of emerging economies.

Good Afternoon Dinar Recaps,

NOT BRICS, THIS COUNTRY POSES BIGGEST THREAT TO THE US DOLLAR

The BRICS alliance aims to pull the US dollar down from the global reserve currency and trample its dominance. Despite multiple efforts to uproot the USD, the bloc remains unsuccessful in attempts to de-dollarize.

The US pressing sanctions on countries of their dislike is what led to the de-dollarization process in the first place. Countries such as Russia, Iran, and Belarus, among others, have been severely impacted by sanctions pressed by the US.

On the other hand, BRICS member China has teamed up with these nations to further the de-dollarization agenda. China is looking to capture the global economy by pushing the Chinese yuan ahead for trade and not the US dollar.

BRICS: US Biggest Threat to the Dollar

A recent Bloomberg opinion report states that the biggest threat to the dollar is not BRICS but the US itself. The report explains that Trump’s threats won’t do much as the USD’s power is mostly dependent on American reliability.

America’s larger-than-life GDP made it gain an “exorbitant privilege” to control the reserves of the world’s central banks. The development made the Federal Reserve, US officials, and politicians tolerate deficits that could have tanked the economies of any other country.

Therefore, the US poses the biggest threat to the dollar compared to BRICS or any other alliances of developing countries. “If Trump wants to maintain the dollar’s primacy, he should recognize that its value is not dependent on American power and threats, but on American reliability.

Overreach — whether through ad hoc sanctions, meddling with the Federal Reserve, unilateral tariffs or geopolitical confrontations — poses a far greater threat to the US currency than anything the BRICS countries could possibly devise,” it read.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

HEDERA (HBAR) GAINS INSTITUTIONAL TRACTION WITH STRONG BACKING FROM TECH GIANTS AND FINANCIAL SECTORS

▪️Hedera’s key partnerships with NVIDIA and Intel aim to leverage its technology for creating “Verifiable Compute,” a hardware-based solution.

▪️Valour Digital Securities Limited (VDSL) and The Hashgraph Group (THG) have introduced the first physically-backed Hedera HBAR Exchange-Traded Product (ETP) on Euronext Amsterdam.

Hedera (HBAR) finds its standing in a majorly leading light as it associates with the traditional finance setting, the enterprise technology sectors, and artificial intelligence. This could potentially lay the groundwork for the network growth curve this year, 2025.

European Markets Register First Physically-Backed Hedera ETP

Valour Digital Securities Limited (VDSL), in partnership with The Hashgraph Group (THG), has launched the first physically-backed Hedera HBAR Exchange-Traded Product (ETP) on Euronext Amsterdam. This is a landmark step toward making HBAR accessible to institutional and retail investors through regulated financial channels.

The product is launched under the prospectus of VDSL, allowing investors to approach HBAR in a depository-regulated manner without facing exposure to direct cryptocurrency investment. Olivier Roussy Newton, CEO of DeFi Technologies, which owns Valour, further adds that “this listing expands the scope for institutional and retail investors to engage with Hedera’s dynamic, sustainable ecosystem.”

NVIDIA and Intel are going to utilize the hashgraph technology offered by Hedera to produce their chips. Along with EQTY Lab, the new “Verifiable Compute” has been born, a hardware-based solution made to meet EU regulations surrounding AI operations, per the CNF report.

This will log the decentralized cryptographic certificates verifying the computations the AI does on the said network, hence accurate and accountable. Slated for 2025 release, this will be providing impenetrable records on AI processes.

What’s Next For HBAR Price?

Santiment has ranked Hedera among the top three cryptocurrencies in terms of activity over the past month, along with Internet Computer and Chainlink. Eric Balchunas and James Seyffart of Bloomberg highlighted that Hedera may lead the list to secure U.S. ETF approval, putting it at the same level as Bitcoin and Ethereum, reported CNF.

One benefit is that the native Hedera token, HBAR, was not classified as a security. In that regard, it stands at an advantage over some others, such as XRP or Solana, in their pursuit through regulatory processes.

Although the main focus remains on combined Bitcoin and Ethereum ETFs, Canary Capital has emerged as the sole applicant for a Hedera ETF. This signals early interest in bringing HBAR into mainstream investment portfolios.

At press time, HBAR price stood at $0.2638, down 10.26% in the last 24 hours. However, the token has gained 113% over the last 30 days and 411% over the last 90 days. Hedera’s critical support level is $0.270. Moreover, it is now eyeing breaking the resistance level of $0.31.

The HBAR price chart highlights a symmetric triangle on the 4-hour timeframe. Thus, Market forecasts suggest that HBAR may target $0.37 and $0.61, with projections hinting at a potential surge to $1.00. Analysts attribute these price targets to:

• Growing institutional interest
• Prospects of ETF approval
• Collaboration with prominent tech firms
• Sustained development activity
• Hedera Receives Recognition for Tokenization Innovation

Moreover, the list of Hedera’s achievements is growing, with analysts predicting the HBAR price rally to $3 by 2025, reported CNF. The team announced on X that its Asset Tokenization Studio has been nominated for the INATBA Awards 2025 in the “Most Exciting Tokenization Solution” category.

@ Newshounds News™

Source: Crypto News Flash

~~~~~~~~~

ISAAC'S LEADERSHIP UNLEASHES FINANCIAL FREEDOM | Youtube

Relax and wait for Isaac to post "VICTORY"!

@ 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

Dinar Recaps 20 12/21/24 Dinar Recaps 20 12/21/24

Some Iraq News Posted by Clare at KTFA 12-21-2024

KTFA:

Clare: The Currency of Iraq: A Comprehensive Guide

Introduction

The Iraqi Dinar (IQD) is the official currency of Iraq, serving as a critical component of the nation's economic infrastructure. For businesses, investors, and speculators alike, understanding the dynamics of the Dinar is essential for navigating Iraq's market.

The exchange rate of the Iraqi Dinar plays a pivotal role in shaping the country's trade and investment environment, influencing everything from the cost of imports and exports to the profitability of foreign investments.

KTFA:

Clare: The Currency of Iraq: A Comprehensive Guide

Introduction

Meanwhile, the currency has also garnered significant interest from speculators, who are drawn to the potential-however remote-of significant shifts in its value.

The current official exchange rates for the dinar can be found at the Central Bank of Iraq (CBI) website - https://cbi.iq/.

The Importance of the Exchange Rate for Trade and Investment

The exchange rate of the Iraqi Dinar is a key determinant of the country's economic competitiveness on the global stage. A stable and predictable exchange rate is vital for businesses engaged in international trade, as it impacts the cost of importing goods and services and the profitability of exporting to foreign markets. For foreign investors, the exchange rate is a crucial factor in determining the potential returns on investments in Iraq.

Fluctuations in the Dinar's value can significantly affect the cost of doing business, as well as the repatriation of profits. As such, understanding the factors that influence the Dinar's exchange rate-such as oil prices, political stability, and central bank policies-is essential for making informed business and investment decisions in Iraq.

Interest from Speculators

In recent years, the Iraqi Dinar has attracted attention from a specific group of financial actors: currency speculators. These individuals and entities buy and hold large amounts of Dinar in the hope that its value will appreciate dramatically, allowing them to sell it at a significant profit.

This speculative interest is often fuelled by rumours and theories about an imminent revaluation of the Dinar, despite the lack of credible evidence supporting such a scenario. Speculators are drawn to the high-risk, high-reward nature of currency trading, but it is important to note that such activities are highly speculative and carry substantial risks. LINK

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

Donald Trump and the "Great Iraqi Dinar Revaluation"

21st December 2024 in Iraq Banking & Finance News

By a Guest Blogger. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Anecdotal evidence, including inquiries to Iraq Business News, seems to suggest that supporters of US President-elect Donald Trump are more likely to believe that the Iraqi currency, the Dinar (IQD), will increase in value by an unprecedented multiple, some saying by as much as 1,000-fold!

The correlation between being a Trump voter and believing in a significant revaluation of the Iraqi dinar (often called the "dinar RV" theory) is not rigorously studied, but there are social and cultural dynamics that might help explain the connection between the two groups.

The Dinar revaluation theory emerged after the 2003 Iraq War: The basic premise is that the Iraqi Dinar, which traded at around 3 IQD per USD before the 1991 Gulf War but crashed to roughly 1,310 IQD per USD, would suddenly revalue back to its previous rate or even higher. Believers often hold large quantities of physical Dinar notes, sometimes investing tens of thousands of dollars.

The theory's spread among Trump supporters was facilitated by several factors:

The "Global Reset" Narrative:

Many believers connected the Dinar revaluation to a broader theory about Trump leading a massive reorganization of the global financial system

This often tied into QAnon-adjacent beliefs about Trump secretly fighting a "deep state" that was suppressing the Dinar's true value

Some proponents claimed Trump and his team were directly involved in orchestrating a coming revaluation

Social Media Dynamics:

The theory spread rapidly through Facebook groups, YouTube channels, and forums that also shared pro-Trump content

Many of these platforms used similar language about "mainstream media suppression" of both Trump and the "truth" about the Dinar

Currency speculators and scammers actively targeted these communities, recognizing their receptiveness to anti-establishment financial narratives

Political Context:

The theory appealed to a desire for both financial windfall and validation of political beliefs

Some promoters claimed Trump's Middle East policies, particularly regarding Iraq and Saudi Arabia, would trigger the revaluation

The belief often aligned with broader skepticism of traditional financial institutions and expertise

Psychological Factors:

The combination of potential financial reward and political validation created a powerful motivational force

Believers often interpreted skepticism from financial experts as further evidence of a cover-up

The complexity of international currency markets made it easier for promoters to make plausible-sounding but false claims

Investment in the theory often strengthened social bonds within these communities, making it harder to abandon the belief

Despite years of failed predictions, the theory continues to circulate; some believers have modified the timeline but maintain their basic conviction. The persistence of this belief system despite contrary evidence and expert warnings illustrates how financial conspiracy theories can become deeply intertwined with political identity and resistant to contrary evidence. Both Trump supporters and proponents of the dinar revaluation theory often demonstrate a tendency toward belief in conspiracy theories or "hidden truths" that challenge mainstream narratives.

For more information on the Iraqi dinar, check out IBN's Dinar Page here: https://www.iraq-businessnews.com/the-dinar-page/?swcfpc=1 LINK

Clare: Italian Defense Minister arrives in Baghdad

12/21/2024

Italian Defense Minister Guido Crosetto arrived in the capital, Baghdad, on Saturday, on an official visit to Iraq.

The Minister of Defense, Thabet Mohammed Al-Abbasi, received his Italian counterpart and the country's ambassador to Iraq, Nicolo Fontana, and the accompanying delegation at the ministry's headquarters in Baghdad.

An official reception ceremony was held for the guest, during which the national anthems of the Italian and Iraqi republics were played, according to a statement issued by the Iraqi Ministry of Defense.

During the meeting that brought together the two sides, he stressed Italy's efforts and its great role through the Italian experts and trainers present within the NATO mission and their support for Iraq through the training and development courses held for the Ministry of Defense cadres inside and outside Iraq.

During an expanded meeting attended by a number of senior leaders and officers in the ministry, the two parties discussed ways to develop future relations between Iraq and the Italian Republic, in addition to the two countries’ efforts to open avenues of joint cooperation in the future. LINK

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

Clare: Renewing the Iraqi-Japanese partnership with $11 billion in loans for vital projects and development policy

12/21/2024

The United Nations Development Program and the Japan International Cooperation Agency (JICA) office in Iraq renewed their long-standing partnership to promote social and economic development in Iraq through funding from the Government of Japan and JICA.

This partnership, which has spanned more than fifteen years of cooperation with the Government of Iraq, reflects the strong commitment of the United Nations Development Programme and the Government of Japan/JICA to meet Iraq's need for basic services and an efficient, stable and reliable economic infrastructure, according to a JICA report seen by Shafaq News Agency.

He added that this partnership has contributed significantly to human and economic growth in Iraq, in line with Iraq's national development plans and programmes that focus on economic diversification, infrastructure modernisation and improving social services.

In support of reconstruction and development, Iraq has received 36 ODA loans from the Japanese government and the Japan International Cooperation Agency, totaling about US$11 billion. These loans include 34 loans for vital sector projects and two development policy loans.

This development assistance aims to support Iraq in achieving its sustainable development goals, with a focus on improving living conditions nationwide and restoring infrastructure to promote inclusive growth.

“JICA remains committed to addressing development challenges with the Government of Iraq through this impactful partnership with UNDP. This partnership provides comprehensive support to Iraqi officials to achieve international standards in project management, combining technical expertise, capacity development and development finance. All of this aims to improve livelihoods and promote sustainable development in the country,” said Hiroshi Suzuki, Chief Representative of JICA in Iraq. Under this renewed partnership agreement, and in line with the Iraq National Development Plan 2024-2028, UNDP continues to provide critical support to the Government of Iraq to facilitate the smooth implementation of key socio-economic projects financed by JICA ODA loans. This support includes coordination at senior level, fiduciary supervision, progress monitoring, technical assistance, knowledge sharing and capacity development. Furthermore, by enhancing transparency, accountability and adherence to international standards, the partnership ensures the successful implementation of these vital projects.

“This renewed partnership between UNDP and JICA highlights our shared commitment to supporting Iraq’s development goals, with a focus on infrastructure development, sustainable economic growth and human capital. Together, we aim to facilitate the successful implementation of vital projects that will not only rebuild Iraq’s infrastructure, but also enhance long-term socio-economic resilience and improve the lives of Iraqis across the country,” said UNDP Resident Representative in Iraq, Auke Lootsma.

This unique and renewed partnership underscores the benefits of effective trilateral cooperation in promoting prosperity, driving sustainable growth, and improving service delivery and infrastructure for a stable and prosperous Iraq. It also highlights the strong ownership by the Government of Iraq and serves as a model for impactful and sustainable partnerships that can contribute to long-term development in Iraq. LINK

Dinar Recaps 20 12/21/24 Dinar Recaps 20 12/21/24

“Tidbits From TNT” Saturday 12-21-2024

TNT:

Tishwash: The region .. great efforts to attract investment companies

The Kurdistan Region Investment Board seeks to increase the number of local and foreign investors to work in the provinces and cities of the region, by providing full facilities to motivate and encourage them to increase the volume of investment.

Private sector growth

The head of the Kurdistan Region Investment Board, Mohammed Shukri, said in an interview with “Sabah”: The board, through its eight directorates spread across the provinces and independent administrations in the region, is seriously and diligently seeking to provide full facilities to investors and increase the volume of investments and the number of local, Arab and foreign investors and increase the work of projects by the private sector in the region, indicating that the regional government has invested more than 68 billion dollars, of which Erbil’s share amounted to more than 61 percent.

TNT:

Tishwash: The region .. great efforts to attract investment companies

Private sector growth

Statistics and figures

Shukri added that since the establishment of the Investment Board in the region, more than 1,400 investment licenses have been granted, some of which were cancelled due to shortcomings in the work of their investors, while work continued with more than 1,250 investment licenses, noting that during the past five years, approximately 430 new investment licenses have been issued.

He pointed out that significant progress and qualitative steps have been made in the comprehensive investment process in establishing a strong economic infrastructure despite the crises and obstacles that have plagued the country and the region in general, stressing that intensive efforts are continuing to encourage investors according to the needs of the regions and the importance of the projects. Encouraging

investors

Shukri stated that the regional government seeks to facilitate the procedures for attracting investors, as eight branches of the authority have been opened in the governorates and independent administrations of the region and have full powers to grant investment licenses to investors, considering it a basic and primary step to provide facilities according to the city, region, geographical location and sector that needs investment and work in it.

Government privileges

The head of the Kurdistan Investment Board pointed out that the regional government has given great privileges to investors, including a 10-year tax exemption through the investment law, to which additional years are added if the investor is a foreigner or a partner of a local investor, as well as providing privileges and facilities to the less developed areas in the region according to the decision of the regional council of ministers, noting that the challenges facing investors, including local ones, are great, and we consider them a wealth for the region, as they have contributed with the support of the government to many large and pioneering projects, overcoming obstacles and impediments, and moving forward in various sectors, including agriculture, industry, tourism, trade, housing, services, education, health, and others.

The qualifications of the region,

and he pointed out that the Kurdistan Region encourages and provides facilities to investors more than other countries in the region through a package of privileges and incentives included in the Investment Law No. 4 of 2006 in the region, in addition to other facilities provided by the Supreme Investment Council, including the favorable conditions that the Kurdistan Region enjoys for foreign investors, such as political stability, cultural pluralism, democracy and security, stressing that these conditions make the Kurdistan Region more attractive to investors among many countries in the region. link

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

Tishwash: Fluctuating Dinar: economic experts urge action as dollar soars in Iraq

Root Causes of Volatility

Emerging Pressures

Currency smuggling and money laundering also continue to erode market stability. “These illicit activities persist unchecked, compounding the dollar’s rise,” Eid warned.

Future Uncertainty Amid Policy Shifts

Reassurances from the Central Bank

In response to public concerns, the Iraqi Central Bank has downplayed fears of major disruptions.

“The official rate reflects real market dynamics,” the Central Bank stressed, warning against unofficial rates driven by “those engaging in unauthorized practices.”

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

Tishwash: Three senior US officials arrive in Damascus to meet with leaders of the new administration in Syria

The US State Department announced today, Friday, that US diplomats have arrived in Syria to meet with the new Syrian administration, in the first official US diplomatic mission sent to Damascus since the beginning of the revolution that erupted in 2011.

The United States had closed its embassy in Syria in 2012, and withdrew all its diplomatic staff, against the backdrop of the events that the country witnessed at that time.

According to the US State Department spokesman, the US diplomats will meet with representatives of "Hay'at Tahrir al-Sham" and civil society to discuss "their vision for the future of their country and how the United States can support them."

He pointed out that the delegation includes Assistant Secretary of State for Near Eastern Affairs Barbara Leaf, and a diplomat specializing in the Arab world, Daniel Rubinstein, who is now responsible for communicating with Syria.

Roger Carstens, who is responsible for collecting evidence regarding missing Americans in Syria, such as journalist Austin Tice, who was kidnapped in August 2012, will also be present.

The visit comes at a time when Western governments are gradually opening channels of communication with Hay'at Tahrir al-Sham and its official Ahmed al-Sharaa, and discussing the possibility of removing the organization from the list of terrorist organizations.

Before the United States, France, Germany, the United Kingdom and the United Nations sent envoys to establish relations with the transitional authorities, whose first phase of governance is being watched with caution.

Earlier, US Secretary of State Anthony Blinken stated that Washington is following the positive statements issued by Hayat Tahrir al-Sham and wants to see concrete steps as well.

He said in a statement to the American Bloomberg News that removing the name of the organization from the "terrorist list" could be put on the agenda, based on the constructive steps it will take during the transitional process in Syria.

He added: "We heard positive statements from the leader of the organization, Mr. Abu Muhammad al-Julani, but what everyone is focusing on is the reality on the ground, and whether they are working to build an inclusive Syria." link

Mot.. Time to Bring them Out It Is!!!

Mot: .. I'll Tell Ya - Its Getting Tough Out there!!!!

Dinar Recaps 20 12/21/24 Dinar Recaps 20 12/21/24

Weekend Chat With MarkZ 12-21-2024

Weekend Chat 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: Gooood morning Mark, Mods are fellow Patriots!

Member: Happy Winter solstice

MZ: CBD Guru’s join for the first 45 minutes of the show today and then we dive into news.

Weekend Chat With MarkZ

MarkZ Update- Some highlights by PDK-Not verbatim

Member: Gooood morning Mark, Mods are fellow Patriots!

Member: Happy Winter solstice

MZ: CBD Guru’s join for the first 45 minutes of the show today and then we dive into news.

Member: Hearing any good news Mark?

MZ: I had a couple check-ins with rumors/expectations for the Fines and Penalties (CMKX, Prosperity Packages ect) going possibly as early as Sunday…late tomorrow afternoon…..but sometime throughout next week is the plan .

Member: I wonder , does CMKX goes right before we go or at the same time?

MZ: The bond people are very upbeat. I cannot wait until I can conclusively say I have friends with money.

MZ: Redemption folks are working this weekend. They may just be closing out their wealth management for the year…

Member: What are your gut feelings about notifications going out?

MZ: I have so many people telling me they could go out late tomorrow…..I feel it could go out anytime between now and the first.

MZ: “Central Bank of Iraq: Sales exceed over one billion dollars last week” Still getting dinar off the streets.

MZ: “Did non-oil revenue contribute to Iraq’s budget?” Heck yeah it did

Member: Nader and MilitiaMan are excited

MZ: They should be.

Matt from CBD Guru’s: May I add a little intel? When I went to the bank I always go to(Wells Fargo) in Minnesota …there used to be 4 seats for the waiting area …they have now beefed it up to 24 chairs and put these big screens on the wall for “education” for older people is what they told me. Then they made more booths –doubled them where people sit with a banker. The glass on the booths used to be about 2 feet high but now it goes up 8-9 feet high and sound proofed . It has never been busy…..rarely saw people waiting…..and they went from 2 ATM’s to 5 now. And the people in the teller area seem to have tripled.

MZ: I see these changes and I get excited.

Member: Thank you Matt for that story… made my day

Member: Sounds like a Wealth Management Center to exchange to me ?

Member: I was in a wells bank yesterday here in Colorado, and I seen pretty much the same thing in their remodel, and the openness

Member: Credit Union Teller & Staff Giddy with Installation of New ATM & New Money, said They Can't Wait:)

Member: They did that to my citizens bank and they took out the drive up window…

Member: US Bank near me took out their safe deposit boxes and made a new private entrance and some very secure cubicles with a door.

Member: They've done the same at my Chase branch. Closed the drive-thru so you must go inside. Lots of employees.

Member: Maybe- The rainbow currency is about to come out, and they're ready for currency exchange and wealth management.

Member: Monday is the anniversary of the big crash in the 30s. Would be a good day to crash and rv!

Member: Thanks MarkZ for Your Show on Saturday & Boosting Morale Sir:)

Member: Everyone have an awesome weekend and keep those prayers going and fingers crossed!!

Member: I pray that we have the BEST Christmas EVER!!!!

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 WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube: https://www.youtube.com/watch?v=1NbE1sQ4PA0