Happy New Year from Dinar Recaps

All of us at Dinar Recaps wish all of our readers a 

Happy, Healthy and Safe New Year.

May all your dreams and wishes come true in the New Year.

Due to the holiday, we plan to have new posts off and on Tuesday and Wednesday. Please check our  BLOG PAGE  for any new posts. 

On New Years Eve we plan to have 11am and 6pm (ET) email Newsletters (no 10pm (ET)).

On Wednesday New Years Day, we plan to have a 11am (ET) and 6pm email Newsletter (no 10pm).

Please scroll down for new posts.

Ariel: Hot off the news wire!

Ariel : Guess When the New Notes will be Available?

Hot off the news wire!

The Starting Gun

Foot is on the gas.
Engines are revving.
Exhaust pipes are smoking.
The clock is winding down.

Are you ready to put the pedal to the metal?

Exchanging old notes for new notes will be done under the new exchange rate.

Guess when these notes will be available? January 2nd!

I think I now know what Donald Trump means when he said this will be the best new years eve ever. Why? Because it was reported years ago that he also has a big bag of Iraqi Dinars. His came in pallets.

Majeed:  By CBI Jan 2 people in iraq will change the old note with the new one

When you read this they are basically advising you on how to exchange the Iraqi Dinar. Internally this may be for the citizens but it applies outside the country as well.

Brothers Technologies Inc. I’m ecstatic and EXCITED AND PLEASE READ FOR YOURSELF!!!!!!! Thread Posted by CBI 12/24/24 12/26/24 You’re Welcome

For full post read here:  https://dinarchronicles.com/2024/12/31/ariel-prolotario1-guess-when-the-new-notes-will-be-available/

News, Rumors and Opinions Tuesday PM 12-31-2024

KTFA:

Clare: For four days.. Suspension of withdrawal and deposit operations in all Iraqi banks

The Central Bank of Iraq decided, on Tuesday, to suspend withdrawal and deposit operations for four days.

December 31, 2024   Baghdad / 

According to a document, the bank decided to close the bank's doors on January 2, 2025 and stop conducting banking transactions for customers.

The bank also decided to suspend withdrawal and deposit operations on savings accounts in bank branches for the period from 12/30/2024 to 1/2/2025 for the purpose of completing the annual budgets.  LINK

Clare:  "Major Security Event"... US Treasury Under Cyber ​​Attack"

12/31/2024

The U.S. Treasury Department was hacked in what it described as a major security incident, attributed to a Chinese state-backed entity, according to a document seen by Bloomberg.

The breach was carried out via a third-party software provider called BeyondTrust, where the hackers gained access to a cloud-based service used to provide technical support to the ministry's offices.

The ministry said the documents accessed were unclassified, and that the affected service had been completely shut down.

Reports indicate that Chinese hackers were involved in the incident, while the Chinese embassy denied the accusations, considering them to be smear attacks that are not based on evidence.

The attack is part of a series of cyber espionage operations targeting the United States, including telecommunications companies, which has raised significant concerns at the national level.

The Treasury Department confirmed that investigations are ongoing in cooperation with law enforcement and intelligence agencies, while receiving support from the affected service provider, BeyondTrust.  LINK

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Clare:  Baghdad is preparing to open 4 hypermarket centers.. 20% discount

12/31/2024

 The Ministry of Commerce announced today, Tuesday, the opening of new hypermarket centers in the capital, Baghdad, in the coming days.

 The ministry's spokesman, Mohammed Hanoun, told {Euphrates News} that: "Regarding the work of hypermarkets, a center was operated on a trial basis in the Al-Bayaa and Al-Hurriyah areas in Baghdad, and four more will be launched in the coming days, bringing the number to 6 in the capital." 

He added, "The markets include all the needs of citizens, and there is cooperation with government and private markets for the purpose of purchasing materials on credit," indicating that "the prices of some materials are 20% lower than the local market, and many of them are 20% lower."

According to his statement, Hanoun looks forward to "fulfilling citizens' requirements of pharmacies, banks, restaurants, rest stops, and garages, most of which are free, civilized, and paid."

Raghad   LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Alaq is talking about a big party they're having right now at the CBI for all the CBI employees who have worked so hard on the process and on the development of a new currency.  They are celebrating along with the US Treasury delegation here on a visit.  FRANK:  I will admit that's pretty cool.  It's also a telltale sign.  That's why the US Treasury is there.

Militia Man  It appears they're gearing for a change and that change is coming...The exchange rate could come when Alaq is ready to tell us and the world.   If that 'mechanism' has to deal with an exchange rate, they're talking about that today.  That's fascinating...

Small note …Iqd

Nader:  12-31-2024

https://www.youtube.com/watch?v=A3jVVNLh-p0

"I Find This Scary Because It's What Happens In A Blow-Off Top" - Mike Maloney

12-30-2024

Prepare to be startled by the dramatic extremes in today’s stock market. Mike Maloney and Alan Hibbard discuss the urgent red flags signaling a potential “blow-off top,” where market gains soar to dizzying heights before a sudden collapse.

 Learn how the top 10 S&P 500 stocks alone are worth more than some of the world’s largest stock markets combined, why one of America’s biggest tech giants trades at all-time-high valuations, and how economic indicators are flashing warnings that many have chosen to ignore.

Key Topics Covered:

Why a narrow market rally can be alarming

The meaning behind “blow-off top” risks Understanding the divergence between market cap and economic indicators

How valuations compare to historic bubbles like the dot-com era

Actionable insights for navigating uncertain market conditions

https://www.youtube.com/watch?v=K5H4MsnqVYk

Iraq Economic News and Points to Ponder Monday Afternoon 12-30-24

The Collapse Of Monetary Policy In Iraq.. Investment In Banks Is Almost Non-Existent And The Central Bank Is Going Against The Grain
 
Economy | Today, 12:13 |  Baghdad today – Baghdad  Financial and economic expert Mustafa Akram Hantoush commented today, Tuesday (December 31, 2024), on the performance of the Central Bank of Iraq for the current year.

Hantoush said in an interview with "Baghdad Today",
 
"The reality of monetary policies in Iraq is heading in the opposite direction to the process of building monetary policies, and there have been problems for years that have led to a clear collapse in Iraqi monetary policies."
 
He added, "For years, the banking system has been subjected to near annihilation. 32 banks are subject to sanctions, and the rest are banned from receiving the dollar only in specific currencies, and the mechanism is still unclear."
 
He pointed out that "there are more than 70 Iraqi banks without lending, because the central bank did not establish a clear lending policy of loans, categories, and guarantees."
 
He continued, “The policy of attracting deposits is more than 80 to 85% of the currency issued by the Central Bank, and it does not appear in the monthly transactions in the monthly banking system, so this currency is supposed to be offered as marketing deposits, so the banking system does not enter into this process,” indicating that “The investment policy of the Iraqi Bank is almost non-existent.”
 
Hantoush explained that the policy of investment banking operations is not specific in direction, and the remittance policy also has a problem with the cancellation of the platform, “so I see a clear collapse in Iraqi monetary policies.”
 
Hantoush called on the Central Bank to reform its monetary policy, set new standards for developing the Islamic banking system, and go further to keep pace with the requirements of the current and future economic stage.    
  
https://baghdadtoday.news/264928-انهيار-السياسية-النقدية-في-العراق.-الاستثمار-في-المصارف-شبه-معدوم-والبنك-المركزي-يسير-عكس-التيار.html

The Central Bank Decides To Stop Withdrawals And Deposits (Document)
 
Sweeteners     2024-12-31 | 11:52  Source:  Alsumaria News     5,252 views  The Central Bank of Iraq decided, on Tuesday, to stop withdrawals and deposits for a period of four days.  According to a document, the bank decided to close its doors on January 2, 2025 and stop conducting banking transactions for customers.
 
The bank also decided to stop withdrawals and deposits on savings accounts in bank branches for the period from 12/30/2024 to 1/2/2025 for the purpose of completing annual budgets.
 
Below is the text of the document  
 
https://www.alsumaria.tv/uploadImages/ExtImages/Images1/ExtImage-7471324-690056192.jpg
  
' https://www.alsumaria.tv/news/localnews/511467/البنك-المركزي-يقرر-إيقاف-عمليات-السحب-والإيداع-وثيقة 

Integration Requirements
 
December 31, 2024   
    In order to speed up the procedures and complete the merger transactions for the exchange companies of categories (A and B) under establishment and all brokerage companies for buying and selling foreign currencies, please provide us with the attached merger requirements at once ..
For more, click here.    https://cbi.iq/static/uploads/up/file-173564321769246.pdf
  
https://cbi.iq/news/view/2754    
  
~~~~~~~~~~
 
[approximate and incomplete translation of https://cbi.iq/static/uploads/up/file-173564321769246.pdf 
 
DATE :   2024/12/27
 
Exchange companies for the two categories (A,B) under all establishment
 
Mediation companies by selling and selling all foreign currencies
 
M/ Integration requirements
 
In order to accelerate procedures and complete the completion of your companies’ integration.
 
Please provide us with the accompanying integration requirements, so that this directorate can proceed with this directorate.
 
Integration without delay or delay, as the delay in completing the requirements of integration will lead to the delay in granting you Nbfi.supervision@cbi.iq.
 
To abide by what was mentioned above.  With appreciation
 
For accompanying/ 
 
- Schedule of number (3) with integration requirements.
 
 A schedule with documents to be submitted for the purpose of integration and obtaining the final license
 
[three page table in Arabic listing required documents, followed by…] 
 
With the presentation that all the aforementioned forms are published on the website of the Central Bank of Iraq  On the link below:    https://cbi.iq/news/view/1223  

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

6 Ways To Prevent Your Property Value From Plummeting in 2025

6 Ways To Prevent Your Property Value From Plummeting in 2025

John Csiszar  Mon, December 30, 2024    GOBankingRates

Property values have had quite a run since the 2020 pandemic, more than doubling in many markets. Between that run-up, high inflation the past two years, persistently high interest rates and the long time since the last recession, some market watchers are concerned about the lofty valuations in certain housing markets. While a true housing crash seems to be unlikely, there are some areas you might want to avoid — or steps you might want to take — to help protect your investment. Here are some suggestions.

Avoid Condos in Oversaturated Markets

When you buy a condo, you don’t own the land that your property sits on. Technically, you own a fractional interest in the complex’s common areas, but your ownership rights are different than if you buy a townhouse or a stand-alone home.

 In those cases, you own the lot where your property sits, giving you additional value and freedom to do as you wish with your structure. This can make condos less valuable properties to own, particularly in oversaturated markets.

To maintain your property value if this is your ownership situation, find ways to make your condo stand out, by renovating or otherwise maintaining your property in a manner that puts it head and shoulders above any competing units.

Spruce Up Your Older Home

All other things being equal, new homebuyers will usually want fancy new homes over those that are old-fashioned. If your home has an old floor plan, old-fashioned colors and no technological upgrades, investing some money in upgrades can be a good way to keep your home current and up its value. Even somewhat mundane improvements like new windows or fresh paint can help protect your property value.

Stay Out of Areas With Constant New Builds

If you notice the constant building of new homes in your area, it can be a warning sign that your property value may decline — or at least not rocket higher. Although increasing demand is a good thing in the real estate market, when supply matches that demand — or even exceeds it — there’s no push to drive prices higher. In fact, oversupply can often be a trigger that pushes prices lower. The ideal situation is to own property in an area in which new builds are restricted or limited, either by geography or by legislative decree.

TO READ MORE:  https://www.yahoo.com/finance/news/6-ways-prevent-property-value-230019632.html

Insiders Dumping Stocks, Preparing For 2025 Reset? - Year-End Panel - Holter, Macleod, Schectman

Insiders Dumping Stocks, Preparing For 2025 Reset? - Year-End Panel - Holter, Macleod, Schectman

Liberty and Finance:  12-30-2024

In this 2024 year end panel discussion featuring Andy Schectman, Alasdair Macleod, and Bill Holter, the tone is starkly cautionary as they analyze the fragile state of global financial markets.

The conversation highlights a rapidly deteriorating situation where the dollar is on a "slippery slope" and market dynamics show, among the insiders, an overwhelming number of sellers compared to buyers.

Schectman, Macleod, and Holter point out that, while gold has made significant gains, investor enthusiasm remains low, with the public continuing to unload assets while institutional investors quietly buy.

They all agree that the real economy is slowing down, with the ominous possibility of a 2025 downturn resembling the Great Depression of 1929.

The trio also emphasizes the risks facing the banking system, which is attempting to de-risk itself, but is still vulnerable to a larger collapse.

INTERVIEW TIMELINE:

0:00 Intro

 2:41 2024 takeaways

8:30 Secret central bank gold buying

15:05 Insider selling

19:00 Global credit bubble

 30:45 Retail market update

 44:29 2025 look ahead

https://www.youtube.com/watch?v=rip2-Y3EJ1I

“Coffee With MarkZ” New Years Eve Chat 12-31-2024

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: A good morning and Happy New Year’s Eve to all

Member: Happy New Year to everyone! Hope 2025 is much better than 2024, which will go down as the "Year of Anticipation"...

Member: Hey Mark, put on your red ruby slippers and click your heels together three times and repeat, we want our RV, we want our RV. ……Hey it's worth a try.

MZ:  Iraq just agreed to join the “global” Ayscuda system for customs. A standardized international standard.  This is important for fees ect….this is big…..Iraq is going fully international.

Member: One would think Iraq needs an international currency with a better rate then.

​​Member: The Iraqi Ministry of Finance has transferred around 450 billion dinars to the Kurdistan Regional Government’s (KRG) bank account as part of the December salary payments for the Region’s civil servant

MZ: “Completion of State Employees salary financing for December”  They want us to know they did complete it

Member: So did Iraq have an auction today

MZ: Yes….over $268 million……They said they would end auctions in 2024…we didn’t know it would still go on the last day though.

Member: I really hope it’s the last one.

Member: I don't mind the auctions. It means more dinar comes off the street, so the value can rise!!!

Member: When the auctions end-then we get a new rate?

MZ:  They are supposed to …..it may take a few days without the new rate so they can let things stabalize…..but then BAM….we get a REER (Real Effective Exchange Rate) At least that is what they have been telling us from Iraq.

MZ” “Closing  the electronic platform: What are the repercussions of this step on Iraq’s economy?”  The underlying conversation everywhere in Iraq right now is “What happens?”   If the value changes…there will be no worries.

Member: I wonder if they need an international rate before the big meeting with the WTO on the 17th

Member: I really hope the rate will be at least 1 to 1.

Memner: I will be happy with any rate on any currency, we are blessed to even be in this position.

MZ: There was a lot of news out of Iraq overnight …..20 or so stories at least on ending the year…starting the new year….and the platforms. My take away is they are going to need the new value because of the new system. They have created this new system and now is the time to breathe life into it. In the coming days without auctions they are going to start operating like any other country with a standardized banking system . This is part of their “White Paper” reforms.

MZ: We are about to see a huge step for Iraq.

Member: I hope Sudani will make his promise right at Midnight Iraq time ….and that the Dinar will RV and give his people a Happy New Year!

Member: I heard If things dont' go by 1/2/2025, then Sudani give them 1 week (until 1/7/2025) to resolve, then he takes over & makes a move? Is that correct? So, by 1/8/2025 things WILL happen?

Member: Charlie Ward always said it goes on a Thursday but he didn't know which Thursday. I am ready for that Thursday to roll in.

​​Member: Rumor floating around is Trump to change tax laws and make it retro to 1/1/25. That's why we RV after the end of 2024

Member: Any bank or bond chatter?

MZ: Most of what I am hearing is people have appointments from Jan 2nd to the 7th or 9th. They are supposed to walk with dollars from their final contracts. They get 1% then the traunching starts (payments)

MZ: So these folks are traveling out of country for set appointments from the 2nd to the 9th.

Member: Mark, are you being affected by the electrical grid outage I Puerto Rico?

MZ: 90% of Puerto Rico is affected. I have backup and internet right now.

Member: On New Years Eve, an old Irish tradition is to open your door at midnight and let the Old Year Out and the New Year In. I think this year deserves the doors, windows and garage doors to be opened

Member: Here's to the best year ahead. the wait has been forever, but the REWARDS....OH BOY

Member: Let's ring in 2025 with all things good and be blessed…the best is yet to come

Member: As we say goodbye to this year and welcome the new one, let's do it with a thankful heart. Let's start the new year with peace and faith.

Member: Mark I commend you staying positive day in and day out! Very difficult to do….Happy New Year

MZ: Thanks all….I am not scheduling a podcast tonight . Happy New year as we close out 2024 and open a golden 2025

Member: See everyone in 2025!!!

Member: Will you have a podcast tomorrow?  IF not- Happy New Years to us all

Mod:  WATCH THE INTEL ROOM FOR PODCAST DETAILS!... NO PODCAST TONIGHT, UNLESS SOMETHING BIG HAPPENS!!  INTEL INFO ROOM: Link: https://t.me/+K_GNVfTI0gFkZWYx

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!  HAPPY NEW YEAR

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

Youtube:    https://www.youtube.com/watch?v=epbF3y-3nQ8

News, Rumors and Opinions Tuesday 12-31-2024

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 Tues. 31 Dec. 2024

Compiled Tues. 31 Dec. 2024 12:01 am EST by Judy Byington

Judy Note: An Economic Collapse was on the horizon for this week. The Stock Market and Bitcoin, which have long been held up by the fiat dollar without gold/asset backing, were both expected to crash. Congress has yet to pass a budget and was due to shut down by Dec. 31 2024.

What is going on? Could this change of dates and closure of government agencies have anything to do with the Global Financial crash and pending EBS?

Global Currency Reset: (Rumors)

Mon. 30 Dec. 2024 TNT: The Green Light has (allegedly) been given. On Fri. 27 Dec. people were (allegedly) being paid. Chase Bank said window opened at 5pm on Sat. 28 Dec. and Event is supposed to occur between 4 and 5 on Sun. 29 Dec. On Mon. 30 Dec. they said the countries (allegedly) got their monies. The banks have not finished their internal transfers. Iraq won’t have any US Dollars after Jan. 1 2025 so they have to release the rates internationally before then. In the Iraqi News everyone is saying that this is (allegedly) over on Tues. 31 Dec.

Sun. 29 Dec. 2024 Wolverine: “Guys due to my NDA on a certain platform I cannot talk about it but I can tell you that finally God has listen to us and this time it’s not disinformation. Just get prepared everyone because this time it’s coming. I’m extremely overwhelmed because not because they said this or that it’s because these people have been waiting for something and at long last it has arrived. Please pray and stay in faith. 2025 is going to be a year full of blessings for mankind. All protocols have(allegedly)  been met and everything is ready to go. We just have to wait for the GO sign. I’m expecting the 1 or the 2nd of January. I’ve had many on a conference call and they all said that we are about to go anytime right now and many are pointing to the 1st and 2nd of January 2025. Not long to go guys. God bless.”

Sat. 28 Dec. 2024 TNT Tony: “The green light has been given once again and bankers have a window.”

Sun. 29 Dec. 2024: The CBI has (allegedly) canceled it’s 20 years controversial auction. Now correspondent banks and exchange currencies companies who adopted the new system and were connected with US banks will (allegedly) do the transactions. The CBI will be back on Tues. 7 Jan. 2025 after the Revaluation, when people will only be able to deposit Dinar.

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Global Financial Crisis:

The crypto market is buzzing after BlackRock, the world’s largest asset manager, reportedly moved 1,870 BTC worth $188.7 million to new wallets. This transaction, one of the largest sell-offs in recent history, occurred just 10 hours ago, leaving investors questioning the motive and the future of Bitcoin. https://www.binance.com/en/square/post/18169266231249

Bitcoin Founder: “I did not design or make Bitcoin, the three letter agencies did and used my name.” https://www.facebook.com/share/r/1BfYjs1Vz6/

Read full post here:  https://dinarchronicles.com/2024/12/31/restored-republic-via-a-gcr-update-as-of-december-31-2024/

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:   
The television is showing the auctions are now ended after 20 years.  FRANK:  Are they saying it has officially ended or are they saying it's going to end on the 31st?  FIREFLY:  Saying it ended after 20 years.  FRANK: Then that means Sudani can keep his promise and show them the lower notes before the end of the year.  But he's running out of time.

Militia Man  Article: "The Central Bank of Iraq pursuant to its law 56 of 2004 as amended is responsible for determining the categories of Iraqi banknotes paper and metal, their measurements and their shapes, printing paper notes and minting metal coins."  What's not normal about this...is they don't have any coins.  They don't have any metals.  Why are they talking about it now, today?  That's powerful...If that 'mechanism' is now changed as Saleh says, that mechanism means there's going to have to be significant change...That means the value of the exchange rate is going to change.  You don't need coins at an exchange rate of 1310.  It doesn't work that way.  The value has to be there.

The Fed's Hidden Move just Ended the Reverse Repo Facility

Heresy Financial:  12-30-2024

TIMECODES

 0:00 This officially drains the Reverse Repo Facility

0:27 Why and how the Fed made this change

3:07 How the Fed Incentivized Cash into Reverse Repo

6:11 Where the excess cash will go next

6:38 Why now?

https://www.youtube.com/watch?v=iK4fxO0FZbg

Iraq News Highlights and Points to Ponder Tuesday AM 12-31-24

Monetary Policy Collapses In Iraq.. Investment In Banks Is Almost Non-Existent And The Central Bank Is Going Against The Tide - Urgent

Economy |Today, Baghdad Today – Baghdad   Financial and economic expert Mustafa Akram Hantoush commented, today, Tuesday (December 31, 2024), on the performance of the Central Bank of Iraq for the current year.

Hantoush said in an interview with Baghdad Today, " The reality of monetary policies in Iraq is heading in the opposite direction to the process of building monetary policies, and there have been problems for years that have led to a clear collapse in Iraqi monetary policies."

He added, "The banking system has been subject to near-annihilation for years.  32 banks are subject to sanctions, and the rest are banned from the dollar only, in specific currencies, and the mechanism is still unclear."

He pointed out that "there are more than 70 Iraqi banks that do not lend, because the Central Bank has not set a clear lending policy in terms of loans, categories and guarantees."

He added that "the policy of attracting deposits of more than 80 to 85% of the currency issued by the Central Bank, and it does not appear in the monthly transactions in the monthly banking system, so this currency is supposed to be offered as marketing deposits, so the banking system does not enter into this process," indicating that "the Iraqi bank's investment policy is almost non-existent in its investments."

Hantoush explained that the investment banking operations policy is not defined in any direction, and the remittance policy also has a problem with the cancellation of the platform, "  therefore I see a clear collapse in Iraqi monetary policies."

Hantoush called on the Central Bank to reform its monetary policy, set new standards to develop the Islamic banking system and go beyond standards that keep pace with the requirements of the current and future economic stage.  LINK

Economist: Relying On Oil As A Source Of Revenue Will Have Serious Consequences

Today 10:29  Information/Baghdad...  Economic researcher Diaa Abdul Karim found that the primary reliance on oil exports as a main source of revenues and salaries will have serious consequences in the future.

Abdul Karim told Al-Maalouma, "The world's dependence on oil and its derivatives will gradually decline over time, especially with technological advancement and reliance on clean energy methods in many countries, in addition to the start of work on producing electric cars, as manufacturing countries have begun to resort to this option as an alternative to liquid fuel and its harm to the environment."

He added, "The dependence on oil and its derivatives will never stop, but it will decrease significantly over time. Therefore, the countries exporting oil need a strategy to save them from the decline in oil revenues."

He pointed out that "Iraq depends mainly on oil revenues to finance the budget and pay salaries, and this poses a threat to the country, especially with the rise and fall in oil prices, which requires governments to resort to other options to diversify the sources of the economy to avoid the global trend towards moving away from oil." End25  LINK

Customs: Our Revenues Increased By 128% During The Current Year

Faw Port   Money and business  Economy News – Baghdad  The General Authority of Customs revealed, on Monday, that its revenues increased by 128% during the current year compared to last year, while confirming that administrative reforms and the ASYCUDA system contributed to the increase.

Director of the General Authority of Customs, Ahmed Al-Akidi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the revenues of the General Authority of Customs for the period from 1/1/2024 to 30/11/2024 amounted to one trillion and nine hundred billion dinars, compared to 892 billion dinars in 2023, with an increase rate of 128%."

He added that "administrative reforms, the ASYCUDA system, and simplification and facilitation of customs procedures contributed to increasing revenues."

 Al-Akidi explained that "the General Authority of Customs is working according to plans represented in a number of axes, including developing the competencies and skills of employees, in addition to completing the installation of the ASYCUDA system in customs centers that have not been automated," noting that "by the end of 2025, all customs centers will be automated."

He continued that "automation consists of multiple stages, the first stage is done by automating the centers, then linking with government departments within the country is considered the second stage, and the third stage is linking with the customs programs of neighboring countries." Added 12/30/2024   https://economy-news.net/content.php?id=51450

Dinars Entering The Ministry Of Finance Are 20% Less Than The Amount It Needs.. Iraqis Start Their New Year With Salary Anxiety

Economy   2024-12-31 | 1,818 views  SumerianNews  More than 6 days have passed since the supposed date for the release of salariesStaffAs concerns grow over possible delay in pension paymentsIraqisAlso, their salaries will be due tomorrow.vacationNew Year's Eve

Iraqi employees usually receive their monthly salaries no later than the 25th to the 27th of the month, but the current month ended today, and there are still no indications of the possibility of disbursing salaries, as salaries were paid in “installments” for some categories, ministries and departments and not others, due to the lack of liquidity, i.e. the Ministry of Finance does not have the dinar.IraqiIn her closets.

This prompted the Ministry of Finance to issue a “denial” statement, but the denial, as it seems, is a denial of “the inability to release salaries,” not a denial of their delay, as the ministry said in a statement that “the information circulating on social media, which claims to apologize for the disbursement of salaries of employees,The StateThis month due to a lack of liquidity is completely incorrect and has no relation to reality.

She added: “We are fully committed to the process of financing employees’ salaries, as the Accounting Department has financed the salaries due to ministries, governorates and non-affiliated entities for the current month of December according to the schedules specified for each of them, and it is continuing its efforts to ensure the continuity of disbursing financial dues without any delay or interruption.”

It is clear that the ministry only denied “the inability to disburse salaries this month,” and did not deny the existence of a lack of liquidity or a delay in disbursing salaries.

Problems of delayed salary disbursement have begun to appear more than once during the past few months, with spending requirements increasing compared to the revenues entering the state. For example, current spending alone during the past ten months amounted to more than 91 trillion, excluding investment spending, i.e. an average of more than 9 trillion dinars per month that the Ministry of Finance needs to ensure current spending such as salaries and other mandatory requirements.

In contrast, Central Bank data shows that the Ministry of Finance sold the Central Bank only $4.4 billion last November, equivalent to 5.8 trillion dinars.

As for non-oil revenues, they average 1.4 trillion dinars Monthly according to the Ministry of Finance data, which means that the total non-oil and oil revenues resulting from selling the dollar to the Central Bank amount to 7.2 trillion dinars, while the required amount is more than 9 trillion dinars per month.

Accordingly, this means that there is a 20% deficit in the funds required for the mandatory monthly current expenditures, which makes the Ministry of Finance unable to collect all the funds at the same time in order to pay the salaries of all ministries at the same time as was the case previously, and it resorted to paying them in "installments", and whenever it has gradual liquidity.

Member of the Parliamentary Finance Committee Jamal Kojer says that the liquidity shortage crisis will continue in 2025, and if the price of a barrel of oil drops to $60, we will not be able to secure employees' salaries.   LINK

With More Than 30 Billion Dollars... A Leap In The Projects Market In Iraq

2024-12-31 00:32  Shafaq News/ The English magazine "Med Projects" revealed that the projects market in Iraq rose to 8.6% in November.

The magazine said in a report it published and reviewed by Shafaq News Agency that Iraq witnessed a significant increase of 8.6 percent or $31.7 billion in the value of its market projects in November, ranking fourth after the UAE, Saudi Arabia and Iran.

She added that the increase in the value of projects in Iraq reflects the view that Baghdad has shifted its focus to rebuilding and modernizing the country's deteriorating infrastructure. LINK

Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-31-24

Good Morning Dinar Recaps,

XRP, HBAR, XLM, AND OTHER UTILITY-BASED NETWORKS SHAPING THE FUTURE OF FINANCE

▪️XRP, Stellar, and Hedera are reshaping global finance and driving utility.

▪️These platforms are now gaining mass attention for their roles in various industries.

The adoption of utility-based protocols like Ripple’s linked XRP, Hedera (HBAR), and Stellar (XLM) is gaining momentum. According to entrepreneur and writer Max Avery, these networks are driving transformation in the global financial system.

The Role of Utility-Based Networks In Financial Systems

In a series of X posts, Avery highlighted the role of utility-based networks in the financial system. The analyst pointed out the contributions of experts like Hiromi Yamaoka, a former official at the IMF, in pursuit of an effective financial system.

According to Avery, Yamaoka has developed frameworks to promote collaboration between central banks and private firms.

This collaboration combines the technological efficiency of private companies with the trust and control of Central banks. Private companies like Constellation, Hedera, Stellar, and Ripple aim to innovate with programmable solutions. On the other hand, Central banks offer supervision and issue stable assets, such as Central Bank Digital Currencies (CBDCs).

"This is done by a joint effort. Central banks issue stable assets, like CBDCs, and provide oversight. Private entities, like Ripple, Stellar, Hedera, and Constellation, seek to innovate with programmable solutions. This partnership combines banks’ trust and control with private…"
— Max Avery (@realMaxAvery) December 29, 2024

XRP is a vital component of institutional finance as it allows instantaneous and cheaper cross-border payments. Additionally, it eliminates the need for pre-funded accounts and offers instantaneous currency bridging and on-demand liquidity.

Avery described the XRP Ledger (XRPL) as more than a payment system. He highlighted the blockchain’s function in tokenizing assets such as real estate and carbon credits. Moreover, the XRPL has a decentralized exchange for direct asset trading and possesses lightweight smart contracts via Hooks to expand its utility.

Also, XRPL distinguishes itself from other blockchains in terms of energy efficiency. Unlike Bitcoin mining, XRPL utilizes a consensus mechanism that’s faster, greener, and scalable. It demonstrates that innovation in finance is possible without compromising the environment, providing a sustainable way forward.

Like XRP, Stellar’s native token, XLM aims for financial inclusion. The network charges less for small transactions and supports scalable private CBDCs. At the same time, it helps the underbanked and enables global economic access.

Hedera, another popular utility-based network, is also shaping the future of financial systems. Hedera’s native asset, HBAR, enables low-cost, high-speed transactions and supports Decentralized Applications (dApps).

Additionally, HBAR is utilized for staking, which supports network governance and security. It provides an effective and scalable solution for a range of financial services.

Complementary Networks

Intriguingly, these networks are complementary to one another. For instance, while XRP transforms institutional finance, XLM ensures access for all. They address the entire financial spectrum, creating a complete solution for modern financial systems.

Meanwhile, the adoption of utility-based networks is gaining momentum. Specifically, Ripple’s partnerships with banks are growing, as CNF reported. This development highlights Ripple’s growing integration into the global financial system.

As regulation improves, Avery believes adoption will skyrocket.

Avery concluded that the future of utility is unfolding, contrary to some people’s opinions.

“These networks are leading the shift by blending their advanced technology with real-world utility. It’s the present, taking shape in real-time, whether people want to believe it or not,” he noted.

@ Newshounds News™

Source:  Crypto News Flash

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BRICS NEWS: 2 COUNTRIES SETTLE $37 BILLION TRADE IN LOCAL CURRENCIES

BRICS member Russia is aggressively pushing the de-dollarization agenda by making developing countries settle trade in local currencies. Russian President Vladimir Putin is convincing emerging economies to ditch the US dollar and push local currencies for cross-border transactions. The move will strengthen their native economies and give their local currencies a boost in the forex markets.

Russia is successfully bypassing US sanctions and keeping its economy afloat by making other countries ditch the US dollar. The development is hurting the US more as emerging economies as seriously considering advancing the de-dollarization initiative.

BRICS: Russia & Belarus Settle Trade Worth $37 Billion in Local Currencies

In 2024 alone, BRICS member Russia has settled trade worth $37 billion with Belarus using local currencies. The trade between the two nations surged 8.4% this year indicating that de-dollarization could soon be the norm. Developing countries are cutting ties with the US dollar and pushing local currencies to become the main source of all transactions.

The next few years could change the way the US operates the global financial order. BRICS is looking to create a paradigm shift with an alternate economy leaving the US behind. Local currencies could soon be accepted by like-minded countries who aim to topple the US dollar from the world’s reserve.

“Growing trade turnover indicators are clear evidence of the efficiency of the Russian-Belorussian integration. Alexander Grigoryevich (Belarus President) already shared his expectations for this year’s numbers. This forecast, I believe, is right on the money. According to our statistics, trade grew by 8.4% from January to September, topping $37 billion. By the end of the year, it will likely approach the figures President Lukashenko projected,” said Russian President Vladimir Putin.

@ Newshounds News™

Source:  Watcher Guru

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“Tidbits From TNT” Tuesday Morning 12-31-2024

TNT:

Tishwash:  40 trillion dinars is Iraq's internal debt.. Does the government have the "key" to repay it?

Member of the Parliamentary Finance Committee, Jamal Kojer, revealed Iraq’s internal debts, which exceeded 40 trillion dinars.

Kocher told {Euphrates News} that: "Regarding Iraq's internal debts, the numbers speak of more than 40 trillion, and the majority of the debts belong to the government banks, Rafidain, and TBI." 

He added, "The government is now able to pay these debts if it opts for withdrawing them from the bank reserve. " Kocher stressed "the need to schedule debt repayment as a result of the banks' role parallel to the government's role in providing job opportunities and supporting the private sector."

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced that Iraq has exited the risks of external debts, and that (Iraq) is a well-fortified country.

He stressed that the ratio of debts to the gross domestic product does not constitute a burden on the state, as it amounts to (5) percent of the gross domestic product, and is confined within the (government banking) system.  link

Tishwash:  Sudanese advisor reveals government's philosophy for future of national economy

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the government’s philosophy for the future of the national economy, represented by the idea of ​​establishing a sovereign wealth fund.

Saleh told {Euphrates News} that: "The initiation of the idea of ​​a sovereign wealth fund is essential and is consistent with the renaissance of natural resources and undoubtedly comes in parallel with the development path strategy and its outcomes in generating a leading industrial renaissance in the national economy.

This is Iraq's outline in building the future of its economy for the twenty-first century and in two directions {the export-oriented development model and the other, and the development model directed towards maximizing the input-output tables and replacing imports within the national economy}.

He added, "Therefore, the sovereign wealth fund will adopt a vision that expresses the strength and basis of the interconnections between the outputs of national wealth from natural resources and the inputs of the production function in the national economy, which requires another model in managing sovereign wealth funds directed towards the interior."
Saleh explained that "the sovereign fund will work to accelerate the diversification of the three basic sectors, which are the manufacturing industry, agriculture and services, in an advanced digital age. This is what the government program aspires to in its philosophy for the future of the national economy, which did not neglect the idea of ​​partnership between state activity and market activity in sustainable development." link

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Tishwash:  Al-Sudani starts 2025 with a visit to Iran

 An informed source revealed on Monday that Prime Minister Mohammed Shia al-Sudani will begin a visit to Iran at the end of next week, to discuss developments in the region .

The source told Shafaq News Agency that Al-Sudani will discuss several files with Iranian leaders, most notably the recent developments in Syria .

Al-Sudani had made several visits to countries in the region after the fall of Bashar al-Assad's regime, including Jordan and Saudi Arabia, where he discussed security issues with the leaders of these countries. Iraq also participated in the Aqaba Conference held in Jordan, with the participation of several countries, including the United States .

Iranian President Masoud Pezeshkian   visited Iraq on September 11, and made a three-day tour that included Baghdad, Erbil, Sulaymaniyah, Najaf, Karbala and Basra .

On May 22, Al-Sudani also visited Tehran to participate in the funeral of Iranian President Ebrahim Raisi, who was killed in a plane crash . 

Mot:  These Life Changing Decisions - Still Plaguing Me They is! 

Mot:  ... New Years Eve - As Ya ""Season""

Mot: YEPPERS!!! ~~~~ Staying up  for new years eve