MilitiaMan & Crew-Iraq Dinar News-Trading Partners-Investment-Trade Bank Iraq-Suspension of Cash Transfers today

MilitiaMan & Crew-Iraq Dinar News-Trading Partners-Investment-Trade Bank Iraq-Suspension of Cash Transfers today

12-22-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=a1GltPkVg0M

News, Rumors and Opinions Sunday PM 12-22-2024

TNT:

Tishwash:  Project to remove zeros from Iran's deteriorating currency

The Iranian government has submitted a bill to the Islamic Consultative Assembly to remove four zeros from the national currency and convert its unit from the rial to the toman.

The government of Masoud Pezeshkian stated that the purpose of preparing this bill and submitting it to parliament is to “reduce the problems caused by chronic inflation and the decline in the purchasing power of the national currency,” which in recent years has led to a significant increase in daily transactions and a “clear decline in the reputation of the national currency” compared to other currencies.

Tasnim News Agency reported that this bill was approved by the second government of President Hassan Rouhani in August 2019, and has now been submitted to the parliament as an emergency bill in the fourteenth government. 

An attempt is being made to preserve the “reputation” of the national currency by removing four zeros, while the Iranian rial is currently the least valuable currency in the world, and its value continues to decline, as it was exchanged against the dollar for more than 760,000 Iranian rials.

Although removing four zeros from the national currency may make trading easier in the market, the government has not explained how it expects inflation to be reduced by removing four zeros from the national currency. link

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Tishwash:  During 2025.. Cautious anticipation of the economic and financial reality in Iraq

Economic expert Ahmed Al-Tamimi confirmed today, Sunday (December 22, 2024), that Iraq is heading towards a cautious situation regarding its economic and financial situation during the year 2025.

Al-Tamimi told Baghdad Today: “Expectations and data confirm that Iraq is facing hot events at the beginning of the new year, and these events will have repercussions and reflections on the country’s financial and economic reality, especially with the imminent assumption of the presidency of the White House by US President-elect Donald Trump, and the fear of imposing some sanctions and financial tightening on Iraq in order to limit the smuggling of the dollar as well as limiting the Iranian role through these economic pressures.”

He added, "There is extreme caution regarding the financial and economic reality of Iraq at the beginning of the new year, especially since the Iraqi economic situation is greatly affected by any security or political event, and for this reason everyone is anticipating the coming days, and this matter has led to a decline in the buying and selling of real estate and other valuable items, for fear of any expected economic and financial shock."

The Parliamentary Finance Committee confirmed last Monday that the situation in Syria does not affect the Iraqi economy 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.”  link

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

Mnt Goat   Do you realize how long we have been waiting for this news to get off the sole dollar in payments for imports and be done away with these corrupt currency auctions? Yes, Iraq is now officially out of the sanctioned mode of paying for imports...Can the news get any better (other than getting the RV of course…), WOW! WOW! WOW!. Yes, it’s DONE! ...I see this process moving ahead now very nicely. 

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Television is talking about the dollar exchange.  FRANK: of course they are.  That's all they're going to talk to you about.  FIREFLY:  They're saying the dollar platform is about to stop.  They're saying there's a shock that's coming when the platform stops.  Then they're saying the dollar will rise because of the demand.  We think they are warning to be careful not to use the dollar.  That's crazy.  We know the dinar will have to go up... FRANK:  Yeah, because it's not going to be just 1 to 1 IMO.  It'll be maybe a little more than 1 to 1 which means it has more value than the American dollar. 

Sovereigns to Rebalance Reserves from Fiat to BTC & Gold in 2025, Price Upside Incoming | Deven Soni

Kitco News:  12-22-2024

Bitcoin has shattered records in 2024, soaring past $106,000 amid growing interest in its role as a strategic reserve asset.

With discussions of a potential U.S. Bitcoin strategic reserve gaining momentum under the Trump administration, the cryptocurrency's future has never been more promising—or uncertain.

Deven Soni, CEO of Matador Technologies, joins Kitco News to unpack the implications for Bitcoin, gold, and the broader financial landscape as we look ahead to 2025.

 Soni explains how Matador Technologies is innovating at the intersection of blockchain and precious metals, merging gold with Bitcoin to create groundbreaking digital gold products. We also explore global adoption trends, Bitcoin’s rivalry with gold, and the impact of geopolitical shifts on both assets.

As central banks and investors reevaluate their strategies, this conversation delves into the key risks, opportunities, and scenarios shaping the future of Bitcoin and gold.

 Don’t miss this forward-looking analysis of two of the world’s most talked-about assets.

00:00 Introduction

 00:37 Bitcoin Reserve

00:58 Global Bitcoin Adoption

 03:02 Bitcoin's Impact on the US Economy

03:48 Bitcoin Price Predictions

06:31 Comparing Bitcoin and Gold

10:10 Wall Street's Mixed Reactions to Bitcoin

12:38 MicroStrategy and Bitcoin Investment Strategies

14:33 Gold's Future Amid Bitcoin's Rise

24:01 Matador Technologies: Going Public and Future Plans

33:37 Conclusion

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

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

Good Afternoon Dinar Recaps,

WHAT ARE COMPRESSED NFTS AND MINTING CNFTS

Understanding compressed NFTs

Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain.

With the increasing adoption of NFTs, developers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such challenges.

CNFTs are a newer type of non-fungible token that leverages state compression technology to store data more efficiently on Solana. Unlike traditional NFTs, which store all the token’s metadata directly onchain or via external links (like IPFS), cNFTs use Merkle trees to optimize data storage.

In simpler terms, while regular NFTs store individual ownership and metadata records for each token onchain, cNFTs group these records in a highly compressed format. This significantly reduces storage costs and improves transaction speeds.

Although the technology is still in its infancy, it accounts for most NFTs minted on Solana.

Did you know? In March 2023, Crossmint produced the first large-scale mint of compressed NFTs on Solana. Minting 300,000 NFTs the traditional way would cost over $74,000, but with state compression technology, Crossmint reduced this cost to less than $200!

Key features of compressed NFTs

With cNFTs, artists and developers can mint thousands, even millions, of tokens at a fraction of the cost of traditional NFTs, boosting innovation.

Let’s look at some key features and benefits of cNFTs:

Cost efficiency: Minting thousands of compressed NFTs costs only a fraction of what it would for regular NFTs. For instance, as per Solana’s report, about 24,000 SOL are needed to create and mint 1 million traditional NFTs utilizing the traditional metadata route. It is possible to organize cNFTs so that the same setup and mint cost 10 SOL or less. This implies that anyone utilizing NFTs on a large scale may use cNFTs instead of standard NFTs to reduce expenses by more than 1000x. Research by Helius shows cost comparison with and without compression NFTs, as seen below:

Scalability: Designed for high-volume use cases like gaming, social media and metaverse assets, where thousands or millions of tokens might be needed.

Onchain and offchain flexibility: While ownership is tracked onchain, much of the metadata can be stored offchain, further reducing costs without sacrificing utility.

Compressed NFTs offer several key benefits that stand out in the blockchain ecosystem. Their affordability significantly lowers minting and storage costs, enabling creators and businesses to access blockchain technology without financial barriers.

Additionally, cNFTs contribute to greener blockchain practices by reducing storage requirements and, consequently, energy usage. These attributes position cNFTs as a potential game-changer for scalable, eco-friendly and innovative applications.

Did you know? DRiP on Solana has distributed over 4 million free compressed NFTs, making it one of the most accessible NFT platforms for onboarding new users. This innovative approach allows artists to create and share digital art with minimal costs, reshaping how people experience NFTs.

Compressed NFTs vs regular NFTs

While both cNFTs and traditional NFTs aim to tokenize digital assets, their design and use cases differ significantly.

Traditional NFTs are known for their uniqueness and exclusivity, but their minting and storage costs can be prohibitively high for large-scale applications.

Compressed NFTs solve this problem by utilizing state compression, drastically reducing costs and enabling affordable mass production of tokens.

Unlike traditional NFTs, which often store all data onchain, cNFTs offload metadata to offchain systems, maintaining utility while minimizing blockchain storage needs.

Some key differences include:

Regular NFTs are best suited for high-value, one-of-a-kind digital art or collectibles.

Compressed NFTs, on the other hand, excel in scenarios that require high scalability, such as distributing gaming assets or digital collectibles to millions of users.

How to mint cNFTs: A step-by-step guide

CNFTs use state compression and Merkle trees to store data in a compact format.

Minting cNFTs may seem daunting at first, but with the right tools and knowledge, it’s a straightforward process to mint and distribute. While each platform will have its own instructions, here is a general guide to get started on cNFTs:

Step 1: Set up a wallet: Use a Solana-compatible wallet like Phantom or Solflare to manage your funds and interact with blockchain tools.

Step 2: Fund your wallet: Add SOL (Solana’s native cryptocurrency) to cover the cost of minting. CNFTs are highly cost-efficient, so even small amounts are sufficient.

Step 3: Select a minting platform: Platforms like Crossmint, Metaplex and Candy Machine (on Solana) support cNFTs. Based on your project’s scale and features, choose one.

Step 4: Prepare metadata: Define the details of your NFT collection, including artwork, descriptions, attributes and other metadata. Use offchain storage solutions like IPFS if needed.

Step 5: Mint your cNFTs and set up a Merkle tree: CNFTs use Merkle trees to organize data. Most minting platforms automate this process. Follow the platform’s interface to mint your compressed NFTs. Confirm transactions through your wallet, and voila — your cNFTs are live!

Where are compressed NFTs stored?

Unlike ordinary NFTs, in cNFTs, the Merkle root is stored onchain, and the Merkle leaves are stored offchain.

CNFTs leverage a hybrid storage model that balances onchain and offchain storage, ensuring cost efficiency and scalability. Ownership of cNFTs is always tracked onchain, ensuring the authenticity and provenance of the asset.

Still, much of the asset’s metadata, including images or detailed information, is typically stored offchain. This decentralized offchain storage often uses protocols like IPFS to ensure that the data is distributed and can be accessed by anyone.

This combination of onchain ownership with offchain metadata helps to reduce costs significantly, as storing large amounts of data directly on the blockchain can be expensive and inefficient.

In the case of Solana’s cNFTs, the metadata is compressed and stored in a way that drastically reduces the blockchain’s storage needs while maintaining the integrity of the asset’s information.
@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Someone asked in our Living room 'how will we know when the RV will happen?'

Here was the response:

If you have not signed up for the 64 Group I urge you to do so.  Salty Toes will try to get everyone signed up into the group so you will receive an email from them when the RV happens. No promises but she does have some contacts. Read her post above.  

More about the group in the Seeds of Wisdom Team Newsletter here.  And you can go directly to the website to sign up for 64 Group and dont forget to check the box to allow the group to send you an email.  

Also Salty Toes will be sending out a Newsletter as well with all the information she has when the time comes.  You can subscribe to the Seeds of Wisdom Team Newsletter here:   Newsletter

Have a blessed Christmas.❤️

@ 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

Your Slavery Chains

Your Slavery Chains

The Final Wake-Up Call By Peter B Meyer

The people are slaves to the private bankers.  All countries are stuck. They have built their economies on counterfeit money and counterfeit interest rates. Soon they were competing with each other to devalue their currencies in order to prolong the circulation of the fake money, but this futile action yielded nothing.

Private central banks issued the public currency as loans against interest. That is why every nation today is drowning in deliberately created but unnecessary debt. The aim is to enslave the people to the private bankers. This is the cause and reason for ever-increasing taxes and declining economies.

In order to perfect their slavery, the rights and freedoms of the people are being taken away step by step. These are the chains of your slavery. People are forced by the government to pay taxes at the risk of being thrown in jail if they refuse to use the bankers’ counterfeit money to pay the interest on it that the bankers demand.

Meanwhile, the central banks try to “tighten the vice” further by creating new money, thereby restarting the whole boom-and-bust cycle.

This is not to say that in a free market no one can experience economic difficulties. Companies and even entire industries will still close down because of changing consumer tastes, new competitors with superior products or bad business decisions. There can even be bubbles in a free market because some investors misinterpret trends as permanent changes in consumer preferences.

 But these downturns will be shorter and most will occur in specific industries and markets, not across the economy.

Central bankers; instead of doing the right thing by letting Mr Market set prices and interest rates, you keep repeating your old tune and expecting better results; that is the definition of insanity.

 Faced with the next crisis, all central banks will do what everyone expects them to do. They will tighten the screws on savers more than ever. They will buy bonds and cut interest rates, all to pump fake money into bubble markets.

 Fiat Debt Money Concept

The ability of central banks to control the uncontrollability of a monetary system based solely on fiat currency is diminishing. Trump openly accused the Fed of this, indicating an erosion of trust and respect for the Fed’s means.

Agreeing to audit central banks and introduce gold and silver as legal tender is the only correct approach. There is no doubt that the people are witnessing the last days of not only all central banks, but more importantly the end of the fiat debt money concept.

Those who know the true nature of this are invited to do all they can to inform others so that today’s crisis leads to a return to constitutional governance structures, the termination of the EU, genuine free markets, sound gold/silver backed money and policies of peace and free trade.

Your Slavery Chains

by Father-Absolute, who loves you immeasurably  Accepted by Marta 

People are driven into financial slavery by the desire to make money.

Now that we have looked at the extent of people’s dependence on religion and its role in their lives, I would like to talk about a person’s financial dependence, which is no less important in their lives.

Nowadays, few people on earth manage to live completely free from the state, except perhaps wild tribes living in the jungle and rare hermits, which means that almost everyone has to deal with money in one way or another.

How Did The Financial System Come About And Who Was Its Creator?

 It appeared on Earth with the appearance of the Draco reptiles, who understood perfectly well the role that money could play in the enslavement of mankind.

It all began gradually: with the replacement of the natural exchange of goods by monetary transactions.

 And since money as such had no value, the Draco reptiles resorted to trickery and created an artificial system of payment based on the denominations they created.

 What Was A Denomination?

It was a fixed price for a particular product, but one that could vary according to market conditions.

 This is the basis of the financial speculation that the representatives of the Draco-Reptiles have always used and still use today.

 A clear example of this is food, which has one price in times of peace and good harvests, and a completely different price in times of famine, war or bad harvests.

On the basis of such speculation, financial corporations were created which gradually took over the whole world and began to dictate their terms to entire countries and peoples.

“Money solves everything” was and is their motto.

How many personal human tragedies have been caused by money, not only by its absence, but also by its excess!

How many wars have been unleashed because of the desire to get rich by taking possession of other people’s natural resources and material values!

How Many Temptations They Hide Within Themselves!

And how difficult it is for human beings to find that balance, that golden mean that allows them to live in peace and happiness.

The overwhelming majority of the world’s population, in their desire to earn as much money as possible, voluntarily drive themselves into financial slavery, which we have spoken about more than once.

And this happens because, in parallel with the creation of the financial system, the Draco-reptiles worked hard to create a consumer society, so that the main goal of people would be the acquisition of various goods, sometimes unnecessary, but prestigious.

And they really have succeeded.

 https://finalwakeupcall.info/en/2024/12/13/your-slavery-chains/

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.”  LINK

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

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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

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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

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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

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.

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

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/

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.

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

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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

~~~~~~~~~

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“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. https://www.blogtalkradio.com/rayren98/2024/12/20/tntsuperfantastic-conference-call–friday-december-20-2024

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.

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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/

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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

“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."

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

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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

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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!!!

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.

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/

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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

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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