“Coffee With MarkZ” Monday Morning Chat 12-23-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Morning and Merry Christmas

Member:  This RV process has taken a much longer time than I anticipated

Member: Anybody else getting discouraged and thinking this is never going to happen?

Member: Not discouraged here, I'm excited every day

Member: I believe we are going to have a Happy New Year….even if it’s taken longer than we all hoped

Member: So how is the dinar news today?

MZ: We did see rates pop up briefly again this weekend. Things are getting exciting.

MZ: In Iraq we had $3.47 popping up on the forex sites and some currency sites over the weekend…Showing the IQD at $3.47. I wish I would have been sitting with a bank that was open and currency in hand when it popped.

MZ: We were getting similar numbers from contractors that believe will be the rate for their contracts. It was exciting to see those rates popping up.

Member: I would exchange for that rate in a heartbeat!

MZ: Fines and penalties did not go out yet.

Member:  Mark Z Nader drop a video stating that the Iraqi dinar may have revalued for a $1.72 on the forex

MZ: on the bond side it is still quiet this morning. The last update on Saturday is they were still hopeful to be processing this week.

MZ: “Kurdistan Regional government suspends official working hours until Jan 2.” They are shutting down.

MZ: “Parliamentary legal reveals the date of the resumption of parliamentary sessions”  they are leaving and not coming back until Jan 9th.

MZ: “EU: Iraq’s development path is an infrastructure for the entire region”  This development road will be connecting ports and up through Turkey giving a safe export path for the European market. It is going to be viatal for the entire region and for Europe. Think “International”

MZ: “ Iraqi oil maintains gains with the opening of markets and exceeds $72 dollars a barrel” They want $70 a barrel for the revaluation and it is staying there consistently.

Member: What does it mean for the Iraqi banks closing until Jan. 7th?

Member: Europe banks are on break for a month

Member: MARK!! Like Matt said Saturday about Wells Fargo, I drove by my branch at 6:30pm Sat. and a work team was reconfiguring the personal help areas with high frosted glass partitions.

MZ: Don’t you love it?

Member: What is your gut saying about this week?

MZ: I feel good about this week . My Iraqi contacts are telling me that this is the ideal time to do it now that their government is going on break.

Member: Nader said the 28th

MZ: that wouldn’t surprise me.

Member:  Wishing Mark, Mods and everyone a very Merry Christmas

Member: Merry Christmas Mark Z, The Community and All Mods ... Wishing Everyone a Very Safe and Happy Holiday Season

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

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=y-KU3Kae8cM

Seeds of Wisdom RV and Economic Updates Monday Morning 12-23-24

Good Morning Dinar Recaps,

TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS

Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.

President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.

“Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans,” Trump said in a Truth Social post on Sunday.

Miran has openly criticized the Biden administration, specifically targeting Fed Chair Jerome Powell. He condemned Powell for calling for more aggressive fiscal and monetary stimulus in Oct. 2020, just a month before the election, to boost the economic recovery during the pandemic.

Stephen Miran to Help Craft Trump’s Vision for a Booming Economy

The White House Council of Economic Advisers is a three-member team. It advises the president on economic policy. Miran will guide Trump on policy matters and be a key spokesperson to promote those decisions. He will provide insights and recommendations to shape the administration’s economic agenda. His work will help achieve its broader goals.

Currently a senior strategist at hedge fund Hudson Bay Capital Management, Miran said he was honored to be chosen. “I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!” he posted on X.

Miran’s appointment requires Senate confirmation. Last month, Trump named Kevin Hassett as chair of the National Economic Council. And he nominated Paul Atkins to replace Gary Gensler as SEC Chair.

Miran Sees Crypto as Catalyst for Prosperity Under Trump’s Agenda

The crypto community has shown strong support for Miran, including Michael Saylor, executive chairman of MicroStrategy. In a recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory framework, calling it overly restrictive and a barrier to financial institutions.

He also pointed out the importance of innovation for economic growth, highlighting cryptocurrency’s potential role.

“I think crypto will have a big role in innovation and ushering in a Trump administration economic boom,” he said in the interview.

Milan said on X on Sunday that he looks forward “to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”

@ Newshounds News™

Source:  CryptoNews

~~~~~~~~~

TRUMP APPOINTS FORMER COLLEGE FOOTBALL PLAYER, GOP HOUSE NOMINEE BO HINES TO HEAD CRYPTO COUNCIL

President-elect Donald Trump announced that Bo Hines, a former college football player who ran unsuccessfully for the House of Representatives in 2022, to lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets.

“In his new role, Bo will work with David [Sacks] to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote.

Trump also earlier appointed Stephen Miran to head his Council of Economic Advisers. Miran has previously stated that regulations inhibit innovation in the crypto sector.

In posts on Truth Social Sunday, Donald Trump appointed two new figures as advisers on economic issues.

Foremost of concern to crypto investors, Trump announced on Sunday that Bo Hines, a former college football player who secured the Republican nomination for North Carolina's 13th congressional district before succumbing to his Democratic opponent in the general election, will serve as the Executive Director of the Presidential Council of Advisers for Digital Assets, which Trump refers to as the "Crypto Council."

Trump had previously appointed David Sacks to spearhead crypto and A.I. issues at the White House, and refers to Hines working alongside Sacks in his announcement.
"In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed," Trump wrote. "Together, they will create an environment where this industry can flourish, and remain a cornerstone of our Nation's technological advancement."

Hines received funding in his 2022 Congressional race from pro-crypto PACs, The Block previously reported. Some of the money came from FTX executive Ryan Salame, according to Business Insider, who is currently serving a seven-and-a-half year prison sentence after pleading guilty to charges including conspiring to make unlawful political contributions.

Hines ran in the same district in 2024, but failed to secure the Republican nomination, coming in fourth place with 14.4% of the vote. Republican Addison McDowell later won the district in the general election with 69.2% of the overall vote.

Earlier on Sunday, Trump appointed former Treasury Department official Stephen Miran to chair his Council of Economic Advisers.

"I think financial regulation is excessively burdensome and prevents banks from...lending into the economy as much as they as much as they would. And I think sometimes [that] can really inhibit innovation in areas like the crypto-economy," Miran told podcast The Bitcoin Layer earlier this month.

@ Newshounds News™

Source:  The Block

~~~~~~~~~

🎄 Holiday Announcement from the Seeds of Wisdom Team 🎄

As the holiday season approaches, we want to ensure everyone has time to enjoy their families and count their blessings. We will be closing our rooms for a few days during Christmas and New Year's to celebrate and recharge.

Telegram Holiday Hours:
Rooms will remain open for READ Only

Closed: December 23rd - December 25th
Open: December 26th
Closed for New Year's: December 30th
Reopen: January 2nd

Newshounds will continue to post in the Morning Newsletter during the Holidays except on Christmas Day and New Year's Day. 

Wishing all of you a joyous holiday season filled with love, laughter, and cherished moments. Enjoy your holidays and see you in the New Year! 

@ Newshounds News™

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Thank you Dinar Recaps

What To Do If You Win The Mega Millions Jackpot

What To Do If You Win The Mega Millions Jackpot

Jordi Lippe-McGraw  Sun, December 22, 2024

Did someone ask for a green Christmas?                                                                                                                         

Should someone win the Dec. 24 Mega Millions drawing, they would be waking up Christmas morning with an estimated $944 million in their pocket.

If won, the prize money, which equates to $429.40 million in cash, would be the largest amount won in December and the seventh largest in Mega Millions history.

No winner was named in the Dec. 20 Mega Millions drawing, which featured a jackpot totaling an estimated $825. The winning numbers were 2, 20, 51, 56 and 67, and 19 for the Mega Ball.

The biggest jackpot in Mega Millions history came in 2023, when one winning ticket in Florida earned someone $1.602 billion.

So, what exactly should you do if you find yourself holding the lucky ticket ?

While big paydays have spawned numerous rags-to-riches stories over the years, they have also spelled disaster for some. Not only do most winners have to deal with people coming out of the woodwork looking for a handout, but there have also been cases of bankruptcy, murder, robbery, drug abuse and various legal woes in the wake of big wins.

So, before you start picking out the gold finishings for your fleet of yachts or buying all your friends a set of matching mansions, here’s a list of nine tips on how to handle a mega windfall from people who know what they’re talking about.

1. Establish proof that it’s your ticket

While signing the back of the ticket is one step a winner will want to take, Robert Pagliarini of Pacifica Wealth Advisors once told TODAY it would be smart to take another step in case you ever need to prove it’s yours.

“I would take a selfie with it,” he said. “I would take a video of the ticket and me smiling.”

2. Keep it on the down low.

That selfie or video clip isn’t for bragging on social media. While no one would blame you for wanting to shout from the rooftops that you’re the latest member of the billionaire club, Pagliarini added, “You really want to keep this as private as possible.”

Or as Laura Adams, author of “Money Girl’s Smart Moves to Grow Rich,” once told TODAY, “Other than a spouse or life partner, I wouldn’t tell anyone about your good fortune until after you’ve created a solid plan with the professionals. Well-meaning friends and family may not offer you the best financial advice.”

3. Hire a team of professionals to manage your money

In fact, a man who won $20 million from a Quick Pick ticket in 2014 considers getting professional help his own top tip.

Cameron, who preferred not to reveal his last name when he spoke with TODAY, said, “Get you a financial advisor and get yourself a lawyer.”

Ric Edelman, chairman and chief executive officer of Edelman Financial Services, recommended using a financial advisor “as a buffer with all those who ask you for money — this will help insulate you and protect your relationships.”

4. Don’t accept the prize money right away

TO READ MORE:  https://www.yahoo.com/finance/news/win-1-25-billion-mega-220010350.html

“Tidbits From TNT” Monday Morning 12-23-2023

TNT:

Tishwsh Al-Sudani: Iraq has regained its leading role in the region and has become an influential and effective country

Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings.

Al-Sudani's office stated in a statement received by "Mil" that "Al-Sudani met in the city of Mosul, today, Sunday, with a group of tribal sheikhs and representatives of the various components and spectrums in Nineveh Governorate . "

Al-Sudani stressed his keenness to "meet the sheikhs, dignitaries, religious men and elite of the province's people," indicating that "his visit to Nineveh comes within the government's work methodology to follow up on the affairs of citizens in the various provinces, lay the foundation stone for a number of projects, follow up on work at Mosul International Airport, and set the tenth of next June as the date for its opening . "

The statement continued, "All the projects that were launched today in Nineveh were destroyed by terrorism, and in the days of celebrating Victory Day over the terrorist gangs, we are rebuilding the ruins of the dark era of ISIS and working to launch new projects . "

Al-Sudani confirmed that "a series of infrastructure projects will be launched in the governorate within 30 days, and the second phase of the ring road project will begin to alleviate traffic congestion in the city," stressing that "the wheel of construction and reconstruction in the governorate continues with the solidarity of its people."

The statement explained that "the true image of the Iraqi people triumphed over what terrorism wanted in targeting security and peaceful coexistence among all components and sects," explaining that "the strife of terrorism and the foreign agenda harmed society in Nineveh, and tried to drive a wedge of division among Iraqis."

He pointed out that "Iraq today is on the right track in building a state that respects the citizen, adheres to the constitution, and builds its institutions in a way that meets the aspirations of the citizens," stressing that "Iraq has regained its leading role in the region and has become an influential and effective country in its surroundings . "

The statement pointed out that "Iraq today is putting forward initiatives, solutions and positions that are consistent with the challenges in the region . "

The statement concluded: "We took the initiative to make contacts and visits with sister countries, and launched an initiative to establish security in Syria. We presented an Iraqi paper at the Aqaba Conference in Jordan regarding Syria, and it was welcomed by all brothers . "link

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

Tishwash:  2025.. The year of cautious optimism in Iraq

The international economics specialist, Nawar Al-Saadi, revealed, on Saturday, the future financial and economic expectations for Iraq at the beginning of the new year 2025 .

Al-Saadi told Shafaq News Agency, "The future economic and financial expectations for Iraq at the beginning of the new year carry a mixture of optimism and caution, as they depend largely on a set of economic, political and regional factors that directly affect the country's financial and economic stability ."

He added that "international estimates indicate an improvement in Iraq's economic growth rates, according to reports from the International Monetary Fund, which expected the Iraqi economy to grow by 1.4% next year, with an expected increase of 5.3% in 2025. This growth reflects the recovery of the economy after the challenges it faced in the past years, especially after the economic contraction of 2.2% in 2022, and economic growth will be mainly driven by the stability of oil prices and increased investments in non-oil sectors ."

Al-Saadi pointed out that “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 widen to 7.6% of GDP during the coming year, compared to 1.3% this year. This deficit is attributed to fluctuations in oil prices, which are the main source of government revenues, and the economic situation is further complicated by the heavy dependence on oil, which constitutes about 90% of Iraq’s revenues. Any decline in its global prices could lead to severe financial pressures on the government .”

“Other challenges relate to inflation rates, which are expected to rise slightly to 3.5% in 2025. This rise reflects the effects of financial pressures and internal economic challenges, including higher prices for goods and services as a result of increased production and import costs. In terms of oil production, Iraq is expected to continue to maintain a high level of production, with plans to boost its production capacity to around 4 million barrels per day by the first quarter of 2025. However, the success of these efforts will remain linked to political stability and relations with OPEC, in addition to achieving long-term investments in energy infrastructure, ” he added.

Al-Saadi continued: “With regard to the banking sector, the government seeks to implement structural reforms to improve the efficiency of the banking system and increase transparency. These reforms come within a larger vision to develop the Iraqi economy and diversify sources of income away from excessive dependence on oil .”

The international economics expert concluded his speech by referring to all the aforementioned data, saying that “Iraq may be facing hot economic and financial events at 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 that aim to enhance economic stability and diversify the economy to achieve sustainable growth  link

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

Tishwash:  Politician: Iraq has no fear of Trump reaching the White House

Independent politician Wael al-Rikabi confirmed on Sunday that Iraq will not be negatively affected by the arrival of US President Donald Trump to power in the United States, pointing out that there is an Iraqi desire to arm from new sources other than the United States. 

Al-Rikabi said in an interview with Al-Maalouma Agency, “Iraq has nothing to worry about Trump coming to power in the White House or Biden staying, as it is committed to all international agreements and controls in a way that made it a pivotal state, and the visits that the country has witnessed recently are evidence of that," indicating that "Iraq is the focus of attention of all countries for what it possesses of capabilities and energies, and the state of chaos cannot be returned to it, and it has not broken "any official international agreement." 

He added, "The process of changing power in America concerns the United States, and there are agreements between us and them, although the United States violated these agreements," noting that "the Americans did not provide Iraq with the sufficient weapons required, such as air defenses, and Washington did not cooperate with successful Iraqi governments in this file.” 

He pointed out that "there is a desire in Iraq to arm itself with countries other than the United States after the recent events in the region, and Iraq is currently able to overcome this issue, and the existing weapons make the situation reassuring," noting that "everyone knows the extent of the United States' defense and support for the Zionist entity at the expense of the countries of the region." 

It is noteworthy that several representatives and political forces warned of the danger of the Iraqi army's weak armament in light of the events taking place in the region, the latest of which was the control of terrorist groups over Syria and the threat of the Zionist entity to target Iraq.  link

Mot .... and now a Christmas - oooooh oooooooh oooooooh 

Mot:  .. Sum just can't Take a Joke --- LOL 

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

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

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

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

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

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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

~~~~~~~~~

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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

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

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

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   

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