It's Time To Reset Your Finances For 2025's Knowns and Unknowns

It's Time To Reset Your Finances For 2025's Knowns and Unknowns

J.J. McCorvey  Updated Wed, January 1, 2025

2025 could bring economic changes with the potential to hit millions of people’s wallets in different ways.

A series of stock market gains have fueled retirement investments at the same time that catastrophic storm damage is causing steep repair costs and making thousands of homes virtually uninsurable. Meanwhile, the incoming Trump administration is eyeing deeper tax cuts along with a rollback of newly built guardrails around consumer finance.

While uncertainty abounds in the year ahead, “people can empower themselves the most by focusing on what they can control — those things that will be valuable regardless of what happens in the world,” said Kevin Mahoney, founder of Illumint, a Washington, D.C.-based financial planning firm.

Here are a few ways to put yourself in the best financial position for whatever the next 12 months may bring.

Hunt for high returns as interest rates fall

Interest rates are coming down, and the impact should be felt more widely in the months ahead by anyone with a savings account, mortgage, credit card or car loan. For many borrowers, that will bring a bit more relief from the nosebleed-level costs of carrying debt. But for many savers, it means less generous returns.

High-yield savings accounts are still topping out around 4.5%, beating the 2.7% annual inflation rate as of November. But as banks trim the interest payments they make to depositors, it’s important to make sure yours remain competitive, said Malik Lee, managing principal at Felton and Peel Wealth Management, an Atlanta-based firm.

“It’s one of the red flags that I’ve been warning clients of all the money market accounts,” said Lee, referring to a popular type of deposit account that limits debit transactions but is often high-yielding. “You’re sitting there thinking, ‘Hey, I’m getting 4 or 5% on this thing, because that’s where it initially was when rates were high, and now I’m getting 3%.”

While banks usually alert customers of rate changes, those notifications can lag and some account holders might not have them switched on. Earlier this year a Bankrate survey found about two-thirds Americans were earning suboptimal interest on their savings accounts.

TO READ MORE:  https://www.yahoo.com/finance/news/time-reset-finances-2025-knowns-140000058.html

FRANK26….1-1-25……..THIS IS A HAPPY NEW YEAR

KTFA

Wednesday Night Conference Call

FRANK26….1-1-25……..THIS IS A HAPPY NEW YEAR

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=HTNIh6wV12s

More News, Rumors and Opinions Wednesday PM 1-1-2025

TNT:

Tishwash:  The Central Bank decides to suspend withdrawals and deposits for four days

The Central Bank of Iraq decided, today, Tuesday, December 31, 2024, to suspend withdrawal and deposit operations for four days.

The Central Bank, in a directive to all banks, received by "Baghdad Today", attributed its decision to stop withdrawal and deposit operations "for the purpose of completing the annual budgets on the dates specified for them."  link

Tishwash:  Central Bank announces major achievement in foreign transfers

The Central Bank of Iraq announces its success in adhering to its program related to the transition from foreign transfers via the electronic platform to the work of Iraqi banks through their foreign correspondent banks.

This transition took place through stages that the foreign transfer process went through, starting with the window for buying and selling foreign currency and moving to the stage of the electronic platform for foreign transfers, and ending with operations to gradually enhance balances during the year 2024 and was fully achieved in the last week of this year.

This achievement is a radical transformation in line with the best international standards and practices to achieve a stable and secure financial system, and this work has received international support and praise throughout its implementation stages.

The new transfer methodology is consistent with international practices followed in this field, which separate the responsibilities and duties of the Central Bank from the obligations, responsibilities and role of commercial banks. From this standpoint, the Central Bank of Iraq will continue to enhance the balances of Iraqi banks with their correspondent banks in the US dollar, in addition to a group of other currencies, such as (the Indian rupee, the Chinese yuan, the euro, the UAE dirham, the Saudi riyal, and the Jordanian dinar).

This achievement has enhanced the efficiency and safety of foreign transfer operations, and their transition to the method followed in all countries of the world, which will make Iraq approach a new stage in its financial relations regionally and internationally and enhance the government’s orientations in expanding its economic relations and enhancing investment opportunities.

The efforts in this important achievement came through a series of ongoing detailed technical procedures and agreements, and great support from the Iraqi government, and the bank will continue to follow modern methods in managing monetary policy in Iraq, in line with its essential role in achieving financial stability, and its position among central banks in the region and the world, which will be positively reflected in the confidence and support of the external financial sector of Iraq and international financial and economic organizations.

Through this, the management of the Central Bank of Iraq seizes this important opportunity to express its thanks and appreciation to all those who contributed to achieving this great accomplishment, first and foremost the cadres of the Central Bank of Iraq, the banking sector in Iraq, and all international partners. 

Finally, the Central Bank of Iraq expresses its full readiness to support all Iraqi banks that work to develop and enhance their performance in the field of governance, compliance, and combating money laundering in a way that positively reflects on the confidence of international and regional banks in them to contribute to strengthening the Iraqi banking system and the Iraqi economy in general.

Happy New Year to you all. 

 Central Bank of Iraq

Media Office

January 1, 2025  link

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

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:Television says the matter has been resolved, there is no money dollar currency auctions platform anymore after 20 years.  FRANK:  No wonder they're showing you the old lower notes.  FIREFLY. This is from the CBI spokesman.  FRANK:  This is an official source then.  They're over.  

MarkZ   [via PDK]   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. We are about to see a huge step for Iraq.

VND: Why You Must Hold on to Your VND in 2025

Edu Matrix:  12-31-2024

VND: Why You Must Hold on to Your VND in 2025 - Explore Vietnam's promising economic landscape in our latest video, "Vietnam's Economic Outlook for 2025: Key Insights for VND Investors." In just 6 minutes, we delve into key factors driving Vietnam's GDP growth, projected at an impressive 6.5% by 2025, fueled by robust infrastructure investment and a rebound in consumer spending.

https://www.youtube.com/watch?v=2LeamF6dyFc

Bruce’s Big Call Dinar Intel Tuesday Night 12-31-24

Bruce’s Big Call Dinar Intel Tuesday Night 12-31-24 

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, December 31st - New Year’s Eve and you’re listening to a special big call tonight. And I want to just welcome everybody, and thank everybody that's been listening for 13 years to the big call. Some of you might be new, some of you might have been listeners for quite a long time. I want to let you know that Bob, who is our third cohost, won’t be on the call tonight - we miss him,  but he also said to wish everyone, in big call universe, a very happy and prosperous New Year in 2025 --  So we echo what Bob’s thoughts are so let's go ahead and pray the call in --

As far as intel goes, we're in a really good place right now. I wanted to do a fairly short call tonight because I know people are kind of wanting to celebrate New Year’s Eve and maybe watch rocking New Year's Eve or some other show and watch the ball drop and all that good stuff.

Well, that's cool too - but at one minute to midnight, eastern time tonight, one minute before midnight, and GESARA and NESARA  get into being  -  they actually activate and start one minute before midnight tonight, so that the entire new year starts off in NESARA and GESARA.

That means, what we've heard is we should have, I'm going to say “should” we're supposed to have an announcement globally on New Year's Day tomorrow about NESARA and GESARA - I don't know who's going to make it. Don't know when it's going to be -- just keep your eyes open and if it happens and you catch it, great. That's cool. That's big.

NESARA includes, you know, our new currency, which is also part of GESARA  - our all new worldwide currencies that are asset backed, which all of them are supposed to be, by now --  have an asset backed currency, backing it by gold, silver, precious metals, in the case of Zimbabwe, precious gems and diamonds and stuff sound in the ground could be backed by oil, natural gas, intellectual property, all kinds of these assets, most of which are commodities, will back our currency.

We have a lot of gold backing our currency, but we have other assets that are also in the mix to back our currency

Now we're looking to have a brand new USTN the United States Treasury note, no longer Federal Reserve notes, and we're going to have those coming out fairly soon. We're supposed to have NESARA  and GESARA revealed to us in the first 10 days of January. Well, tomorrow's the first.

I don't know if they'll mention anything specific, or whether we'll get an emergency broadcast system, an EBS announcement tomorrow, it would seem that we would --  that it would seem that would be a global announcement, because this is a worldwide new activation called GESARA, global economic, strategic and Recovery Act -- NESARA, national economic, strategic and Recovery Act. That's us. That's the US.

So we're going to have to keep an eye on that and see how that all comes together. But guess what's included in NESARA for us here in the States, restitution and reconciliation allowance. We used to say reclamation allowance. I think the term they prefer is reconciliation allowance, restitution and reconciliation allowance.  That is happening

We're also going to get an increase in Social Security for those that are on social security, and it'll be a significant increase, not a cost of living allowance, not 5% or 3% or whatever it's going to be, it's going to be substantial. It'll be a really big amount. And so that's going to be happening.

And of course, R and R is going to be big. And I'll just review quickly R and R if you're 60 and holder, and you get it as a lump sum payment to you. And if you have a if you're receiving Social Security now, you have an account that's tied into that. So you can get it direct deposited every month, usually the first, the second, third or fourth Wednesday of the month.  Some people get it earlier than  the Wednesday of the month. They get it on the Saturday proceeding.

The other thing is, the people that are youngest, and I'm going to say the starting age 30 to 45 - that's when it starts 30 years old to 45 -- in that 15 year age group, those people will receive their R and R paid to them monthly over three years.  So 12 times 3 is 36, 36 payments that will come to you monthly in some form or fashion of a bank account.

Now let's go to the next group. The next group is 45 to 60. That's group two. Group two will receive their their R and R over two years. So 12 times two is 24- that’s 24 monthly payments of your total r and r divided by 24 and that's what you'll get if you're 45 to 60 in that group.

And then, of course, like I said, anything 60 and older received at a lump sum payment, not from Social Security, but in a similar way that you receive your Social Security. That's a direct deposit, lump sum. One payment, lump sum. That's it.

So that's really going to be interesting for those of us who are in the currency, especially those that are in the dim. It's going to be nice. It's not going to make or break us, but it's going to be nice to have it.

Now, let's go into just a couple of things about the redemption center  -- When we get notified. I haven't even talked about that yet, have I -  we are supposed to be notified tomorrow, first of January, in our emails and set our appointments either tomorrow or Thursday, which is the second of January.

Now, reason I don't know it is because it was brought to us in the context that the email should tell us when we are to call to set our appointments , when -  day and time --  it may start slightly so that everybody doesn’t call in  immediately. It should be in the email as to “when” to call, so pay attention to that, and that way you can call and set your appointment  and the thinking is  based on yesterday and today - that we would receive that email call and set our appointment and start exchanges on Thursday, January 2 -- So we could get notified tomorrow. It's possible we could also get notified on Thursday and set our appointment.

And I'm going to say it right now, even though we expect to receive that and go in for our appointments and do our exchanges, it's quite conceivable that we will have a true celebration call on Thursday night. That's Thursday, January 2. I think we would probably like to do one. So just a “Heads Up” So I try to give you guys a heads up so you can plan if you want to do that.

All right, so we know the redemption centers - We know that the staff, the leadership and the staff of the redemption centers are going in Thursday, 9am on the second to be ready for us at 930 at their desks.

So that shows us a fairly early morning start for what we're expecting. And then we'll go right through Thursday, Friday, Saturday, Sunday, Monday, Tuesday, Wednesday, we'll go right on through and get pretty far into the month of January. I don't know if it will go through the 14th, 15th, 19th , 20th  we don't know.

 But it will go as long as it needs to be, as long as there are appointments for the demographics, for that area, there are only two things that you're going to do when you call, initially the 800 number. You could get an AI voice, you could get a human being, or you could get both. But when you call in, you give them your name and your zip code that you want to where you live or where you work or where you know you're going to be for an exchange, they'll find you the closest redemption center to that zip code and direct you to a live person, hopefully, if not an AI voice that will handle the rest of your call.

And so that would be good setup. You'd want the directions sd to where it is so you can plug it in your GPS, or whatever you know. You want to know exactly where it is you want to notice a set time appointments are supposed to be scheduled 40 minutes  apart --  40 minutes. They don’t want to take more than 30 or 40 minutes to do your wholde appointment , and that's a lot to get done in that period of time.

If you have bonds, sheet bonds, or a box or two of sheet bonds, let them know that so that they can make the allotted extra time you would need to go through and verify those bonds, okay, just be aware of that.

 All right, let's see what else can we talk about regarding Okay, step one, when you go in and you’re welcomed into the redemption center is when you sit down, you'll be introduced to a few people, and you'll pony ID, photo ID, driver's license, or student ID, government ID, whatever you've got. Pony that up so they can see, and then they'll know, yes, this is who you are. We know of you. We don't know of you, whatever.

And they'll be able to get started – but at that time you'll sign a non disclosure agreement so that anything that you anything you witness there stays private.

How long will the NDA last? It could last 30 days. It could last six months. They're going to depend on what you how you comport yourself, how you speak and how you handle yourself, just how sharp you seem to be from their perspective.

Okay, so an interesting thing for all of us to know whether we're going to get the lowest NDA period of 30 days, or whether we could go as high as six months, all right now that's what I wanted to tell you about the redemption center experience I haven't really talked about before.

Let me say, if there's anything else regarding  the redemption center, I think I went through it in pretty good detail last Thursday. So if you haven't heard that call  - pick it up before this recording is over and sent up to be picked up by the replay number or a replay link. Okay, so really, that's what that is.

Now,  Sue anything else that we talked about if you're still listening, anything else that we talked about earlier that needs to be spoken and covered by night,  you may be stepped off. Okay, that's fine.

What's really important go in you've got everything that you need. Take a couple of blue writing pens, blue ink writings, that way, you've got an authentic personal signature on documents that you can tell what the originals are because it's blue ink, not black ink, that when you copy it with a photocopier, it looks the same as the original. This way you've got your original document signatures in blue ink. So take a couple of blue bic pens, or other writing pens that you like that you can take in with you.

Some redemption centers are sharp enough where they have those, but I'm not sure that that's going to be the case everywhere. So you might want to bring your own pins, just so that you can keep your authorized signature apart from any copies that would be made to you.

Let’s see ….  What else do? When it comes to the med bed,

Sue, was there anything else? We had a couple of things you and I talked about about med beds. There was something else that I just covered the idea of blue pens -  NDA?  Talked about that. Was there anything else otherwise, I'm going to finish up my Intel.

Be aware of that's how they're going to introduce the med bed by referral, personal referral, and eventually the word will get out public, find out about it, the public at large. But right now, who are the people they're most interested in? Zim holders, people with projects, people that have dire health needs.

Why Zim? Because Zim is obviously going to create a lot of wealth they want you to be living long enough if you have projects that will go 100 200 or 300 years to be around to see those projects through to fruition. So that's what they'll be able to do by by putting you in the med bed.

So it's all good, and I'm excited about it now. I've told you that it's quite possible we will have our notifications tomorrow, New Year's Day and be able to set appointments for Thursday, second of January, whether we can't set them until January 2, I don't know. Not going to be the case, but we'll find that out when we get the emails, the instructions sheet in the email as to what we can say

All right, I want to thank Sue for doing a wonderful job for the big call. I think it sounds like one more call Thursday, which would be a celebration call, if the information we're getting is coming through for us, every reason to believe we are going to get this next two days by Thursday, starting Thursday.

Now we'll we'll stay on top of it.  Guys, enjoy your new year's rocky meet. Enjoy the Rose Bowl watching in the morning in Pasadena, California. That's always fun. All that, and we're going to have a great celebration, call Bob on Thursday night. This is our pre celebration. I just had so much Intel to give you guys, let me think it's anything else I can tell you, very important about a contract rate for the dinar at the redemption Center

I found out last night that that we have to ask for a contract rate at the redemption center, they have a very good rate, but it's about a third of what it would be at the contract rate, they have a very good rate on dinar, and if you don't ask for the contract rate, you'll Get that other touch screen rate at the redemption center going to blow away the rate at the bank.

Don't even go to the bank. Forget it. But they want people to have projects to get the highest in our rate, which is the contract rate.

Doesn't mean you have to sign a contract or aim for it. It just means that it's a special rate that's being given to people with products that want to do things to benefit humanity. So I'm going to ask for we're all going to ask for, may I please have the contract rate on Question mark. That's it, and they'll be more than obliged to to extend that to you.

That was one thing that I that was different. We did say it that way before we said they would offer it, well, they'll offer it. After you ask for it, must ask for the contract rate under norm, and it's three times or more higher than the rate that would be on the normal front screen at the redemption center.

And Dong is moving up in value, and  it will also increase a little bit more. It's in a really range, and you should all be very thrilled with what that redemption center rate is on the Dong. So that's what I wanted to say tonight.

Let’s pray the call out, and then we'll look forward to having a great time at midnight. Remember NESARA – GESARA all kick in at one minute to midnight, Eastern time tonight, as we transition into the first of January, the New Year,

Bruce’s Big Call Dinar Intel Tuesday Night 12-31-24 REPLAY LINK   Intel Begins  54:44

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Bruce’s Big Call Dinar Intel Thursday Night 12-26-24 REPLAY LINK   Intel begins   1:07:27

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Bruce’s Big Call Dinar Intel Tuesday Night 12-24-24 REPLAY LINK  NO CALL

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Bruce’s Big Call Dinar Intel Tuesday Night 12-17-24 REPLAY LINK  Intel Begins 1:03:33

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Bruce’s Big Call Dinar Intel Tuesday Night 12-10-24 REPLAY LINK  Intel Begins 1:18:18

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Bruce’s Big Call Dinar Intel Thursday Night 12-5-24 REPLAY LINK   Intel begins   1:08:50

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Bruce’s Big Call Dinar Intel Tuesday Night 12-3-24 REPLAY LINK  Intel Begins 1:16:12

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Bruce’s Big Call Dinar Intel Thursday Night 11-28-24  REPLAY LINK  NO CALL

Bruce’s Big Call Dinar Intel Tuesday Night 11-26-24  REPLAY LINK  Intel Begins 1:16:30

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Bruce’s Big Call Dinar Intel Thursday Night 11-2124  REPLAYLINK  Intel begins   1:10:20 

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Bruce’s Big Call Dinar Intel Tuesday Night 11-19-24  REPLAY LINK  Intel Begins 1:12: 21

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Iraq Economic News and Points to Ponder Wednesday Afternoon 1-1-25

Our Economic And Financial Vision For 2025 In Iraq

Dr. Aqil Jabr Ali Al-Muhammadi / Specialist in Finance and Development Affairs
It is clear that there is a structurally rooted problem in the methodology of evaluating and empowering the state in its sound tools and policies and how to sustain economic progress.

The reality of the situation requires reviewing and evaluating the structure of economic and financial decisions and creating a priority for the economic and financial feasibility of government decisions.

It is clear to observers, specialists and researchers in 2025 that the Central Bank of Iraq, despite all the efforts, decisions and diligent measures to overcome the dollar crisis and its transfers, is challenging its limits and monetary policies, specifically in the matter of canceling the platform and the upcoming challenges for correspondent banks, influence, size and extent of the safety of the mechanism of financial transfers, the approach to sustaining commercial and economic activity, the dominance of some Jordanian banks, and the available and expected solutions and scenarios, etc.

From our own point of view, regarding the subject of the correspondent banking market, if I may say so, we see that it is important for the Iraqi executive government to monitor and follow up on the methodology of the Central Bank’s return to the break-even point and not lose the compass of the course or channels of the dollar’s ​​circulation and transfer in the Iraqi market inside and outside Iraq.

We believe that one of the strategic solutions for the executive government lies in forming a team to monitor and evaluate the mechanism of monetary policy and the dollar, which is its role in supervising, monitoring, evaluating, and not influencing/maintaining the independence of the Central Bank.

The specialized, expert and responsible figures and bodies should be transparent in relation to monetary and banking policy, and give greater flexibility in dialogue and accept opinions and other opinions, and not confiscate or neutralize opinions and proposals on the grounds of the privacy of monetary policy and focus on the priority of re-maintaining and restructuring monetary policy for the benefit of the cohesion of the economic and financial system in Iraq!!!

Regarding the budget price for the year 2025, the fiscal policy will face major challenges and perhaps financial shocks due to the possibility of fluctuations in the oil market and the possibility of facing a financial crisis in the second half of 2025, as indicated by financial reports from some international organizations.

Therefore, the budget price should be restructured as a precaution and a hedge, and a return to the hedge price to ward off internal and external risks and maintain a margin of financial safety. We propose hedge price limits and changing the budget price from $70 to a hedge budget price within the equilibrium limits ranging between $55-60 and in a manner that does not exceed the equilibrium price limits.

There should be a systematic shift from financing initiative policies (such as the Riyada initiative and the like) and others to an institutional structure for financing small, medium and micro enterprises, and building and establishing a specialized body to manage and finance small, micro and medium enterprises, and dealing with a modern financial and economic methodology and models according to sound foundations.

The importance of the state’s thinking shifting to the methodology of economic transformation and the foundations of the institutional digital economy, and establishing a tangible model of economic diversification through good investment of natural resources, gas, minerals, etc., and establishing the mechanism of the social market and the constructive institutional economy, and building a strategy for economic, developmental, and social transformation.

The importance of starting to establish a sovereign fund and financing it with innovative means and models outside the scope of the federal budget as new financial buffers and augmentation of the financial system in Iraq and sustainable financing means for development in Iraq. 298 views 12/31/2024 - https://economy-news.net/content.php?id=51456

Central Bank: Stop Working On The Electronic Platform

Banks  Economy News – Baghdad  The Central Bank of Iraq announced, on Wednesday, the suspension of the electronic platform mechanisms related to selling the dollar, while indicating the continuation of the mechanism for granting the dollar to travelers at airports.

The Deputy Governor of the Central Bank, Ammar Khalaf, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the mechanism of work on the electronic platform related to foreign transfers has stopped working, but financing foreign trade continues through correspondent banks according to different mechanisms that are parallel to what is in effect in countries of the world."

He pointed out that "dollars will continue to be given to travelers at airports according to the approved mechanism, which is the best in limiting the traveler's access to dollars."

The Central Bank of Iraq announced today, Wednesday, that it had achieved a major accomplishment in foreign transfers, while indicating that it would continue to follow modern methods in managing monetary policy in Iraq.

A statement by the bank, received by "Al-Eqtisad News", stated that "the bank succeeded in adhering to its program related to the transition from foreign transfers via the electronic platform to the work of Iraqi banks through their foreign correspondent banks," noting that "this transition took place through stages that the foreign transfer process went through, starting with the window for buying and selling foreign currency and moving to the stage of the electronic platform for foreign transfers, and ending with operations to gradually enhance balances during the year 2024 and was fully achieved in the last week of this year."

He continued, "This achievement is a radical transformation in line with the best international standards and practices to achieve a stable and secure financial system, and this work has received international support and praise throughout its implementation stages,"

indicating that "the new transfer methodology is consistent with international practices followed in this field, which separate the responsibilities and duties of the Central Bank from the obligations, responsibilities and role of commercial banks.

From this standpoint, the Central Bank of Iraq will continue to enhance the balances of Iraqi banks with their correspondent banks in the US dollar, in addition to a group of other currencies, such as (the Indian rupee, the Chinese yuan, the euro, the UAE dirham, the Saudi riyal, and the Jordanian dinar)."

He added, "This achievement has enhanced the efficiency and safety of foreign transfer operations, and their transition to the method followed in all countries of the world, which will make Iraq enter a new phase in its financial relations regionally and internationally and enhance the government's orientations in expanding its economic relations and enhancing investment opportunities."

He pointed out that "the efforts in this important achievement came through a series of ongoing detailed technical procedures and agreements, and great support from the Iraqi government, and that the bank will continue to follow modern methods in managing monetary policy in Iraq, in line with its essential role in achieving financial stability, and its position among central banks in the region and the world, which will positively reflect on the confidence and support of the external financial sector of Iraq and international financial and economic organizations."

He explained that "through this, the management of the Central Bank of Iraq seizes this important opportunity to express its thanks and appreciation to everyone who contributed to achieving this great accomplishment, first and foremost the cadres of the Central Bank of Iraq, the banking sector in Iraq, and all international partners."

The statement concluded by saying, "The Central Bank of Iraq expresses its full readiness to support all Iraqi banks that work to develop and enhance their performance in the field of governance, compliance, and combating money laundering in a way that positively reflects on the confidence of international and regional banks in them to contribute to strengthening the Iraqi banking system and the Iraqi economy in general."   101 views 01/01/2025 - https://economy-news.net/content.php?id=51509

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

MarkZ New Year's Coffee at noon. 01/01/2025

New Year's Coffee at noon. 01/01/2025

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: Hello Mark, Mods and all Dinarians! Happy New Year all!

Member: It’s time to unplug the old system and turn on the new system

Member: What’s the latest rates you have heard on dinar and dong Mark?

MZ: the latest I have heard is about  $3.90 street rate on the dinar. Dong we have heard everything from .47 cents to almost $4.00….. Most of my sources are still telling me to expect it in the $2 dollar range

MZ: “Central Bank of Iraq has announced a transition for the electronic platform to banks with foreign transfers”  This is INTERNATIONAL now!

MZ: “The CBE announces the official closing of the dollar selling window”  Auctions are done and closed and they have announced the transition to the new process.

Member: Cut the talk- we want action. let's see them smaller notes in action

MZ: There was no auction today.

MZ: “Central Bank announces a major achievement in foreign transfers” So many articles and I only shared a few but, there is a lot of excitement in Iraq.

MZ: “Central Bank: We have started working on the Correspondent Banking System”  this is the new system with international standards….

MZ: “The general authority of customs adopts the AYESCUDA system and deposits paperwork in a major reform step”  This is a worlds standard amongst all the nations. This is starting today.

MZ: “Comprehensive guide to trading the Iraqi dinar (IQD) on forex”  lookee here. BAM International guys!!

MZ: A number of people have checked in and they are very excited about the education and conversations in Iraq. The talk has been overwhelming about small notes…..or lower denominations….this is from government and banking employees throughout Iraq. Why d they need smaller notes?

Member: to raise the rate and get rid of the large notes we all hold!!!

Member: Is there any news on Bond contacts or banks thank you?

MZ: There are no updates. Today is a banking holiday all over the world.

Member: Mark, Mike Bara, and Jen said tonight into tomorrow morning we will have a rate. Do you think they could be jumping the gun or they may be right?

Member: Praying for this to be a prosperous WEEK for us!

Member: We’re so close yall!! I can almost taste it!!!!!

Member: Looking forward to amazing new yew year. Many Blessings to come our way.

Member: To all those whom I offended in 2024, work on yourself so I don't have to do it again in 2025! Happy New Year!  Lol

Member: Thank you Mark and mods for a great 2024 and looking forward to a better 2025!

Mod”  THATS A WRAP, NO PODCAST TONIGHT SEE YALL IN THE MORNING UNLESS BREAKING NEWS

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

THANK YOU, MARK AND COMM FAMILY!! SEE ALL OF YOU AT 10:00 AM EST TOMORROW, UNLESS SOMETHING HAPPENS, FOR ANOTHER GREAT PODCAST...

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

Youtube:    https://www.youtube.com/watch?v=oFdGsvY23yM

5 Market Signs of Debt Collapse Within Weeks

5 Market Signs of Debt Collapse Within Weeks

Liberty and Finance:  12-31-2024

As 2024 draws to a close, the economic landscape remains fraught with uncertainty and potential upheaval. In a recent appearance on Liberty and Finance, renowned market analyst Francis Hunt shares his insights on the prevailing economic conditions and offers forecasts for 2025.

His analysis, steeped in a deep understanding of market dynamics, highlights the crucial factors that may trigger a significant economic reset, emphasizing the need for strategic planning among investors.

The year 2024 has been marked by persistent challenges across various sectors of the economy. Hunt meticulously examines the debt markets, noting a rising trend of yield curve inversions—a phenomenon that has historically signaled impending recessions.

With interest rates fluctuating and government debts soaring, the implications for both individual investors and larger financial institutions could be profound. Hunt stresses that understanding these dynamics is essential for anyone looking to navigate the current economic waters.

Hunt identifies several critical factors that could catalyze a significant economic reset in the near future.

Among them, he underscores the growing concerns surrounding the global debt burden, particularly in the wake of expansive fiscal policies implemented over the past few years. As nations grapple with escalating debt levels, the sustainability of these financial strategies comes into question. The interconnectedness of global markets means that distress in one region can rapidly ripple through to others, amplifying risks for investors worldwide.

Moreover, the implications of yield curve inversions cannot be overstated. Historically, such inversions have preceded economic downturns, serving as a warning signal for policymakers and market participants alike. Hunt suggests that as the yield curve continues to behave in this manner, a heightened sense of caution should prevail, prompting investors to reassess their portfolios and strategies.

Amid these challenges, Hunt draws attention to the potential for precious metals to act as a safe haven for investors. With economic volatility on the rise, gold and silver have historically served as a hedge against inflation and currency devaluation.

 Hunt posits that as uncertainty escalates, the demand for these tangible assets may surge, positioning them as a critical component of a defensive investment strategy.

Adding another layer of complexity to the economic narrative is the political context, particularly with the upcoming inauguration of president-elect Donald J. Trump. Hunt discusses how this political shift may influence economic policies and market sentiment moving into 2025.

Trump’s administration is expected to prioritize certain economic reforms, which could lead to both opportunities and challenges for investors. The ramifications of these policies will likely resonate throughout the markets, making it imperative for investors to stay informed and adaptable.

In light of the potential economic reset, Hunt emphasizes the importance of adopting defensive strategies. He advocates for a diversified portfolio that includes not only precious metals but also other asset classes that may provide stability during turbulent times. Investors are encouraged to consider their risk tolerance, investment horizons, and the economic signals that may dictate market movements in the near future.

Furthermore, Hunt underscores the value of remaining agile and responsive to changing market conditions. The ability to pivot and reassess one’s investment strategy in real-time can be the difference between weathering economic storms and suffering significant losses.

As 2024 comes to a close, Francis Hunt’s insights serve as a critical reminder of the complexities that define the current economic landscape.

 With potential triggers for an economic reset on the horizon, and a political shift that could reshape financial policies, investors must remain vigilant and informed. By implementing defensive strategies and staying attuned to market signals, they can navigate the uncertainties of the future, positioning themselves for resilience and opportunity in 2025 and beyond.

https://youtu.be/ePh68Gow5iM

Iraq Economic News and Points to Ponder Wednesday AM 1-1-25

The Dinars Entering The Finances Are 20% Less Than The Amount They Need.. Iraqis Start Their New Year With Anxiety About Salaries

 Economy      2024-12-31 | 3,743 views  Alsumaria News   More than 6 days have passed since the supposed date for the release of employee salaries, while   fears are mounting with the possibility of the salaries of Iraqi retirees being delayed as well, while the date of their salaries will coincide with holiday tomorrow.

the New Year  Iraqi employees often receive their monthly salaries no later than the 25th to 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 released in “installments” for some categories, ministries and departments and not others, due to the lack of liquidity.

That is, the Ministry of Finance does not have the Iraqi dinar in its coffers.

 This matter prompted the Ministry of Finance to issue a “denial” statement,

 but the denial appears to be a denial of “the inability to release salaries,” and not a denial of their delay, as the Ministry said in a statement that

 “the information circulating through social media claims an apology for disbursing the salaries of state employees for this month.” Due to a lack of liquidity, it is completely incorrect and has nothing to do with reality.” She added:

 "We are fully committed to the process of financing employee salaries, as the Accounting Department has financed salary entitlements to ministries, governorates, and unrelated 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 that “it was not possible to disburse salaries this month,” and did not deny the existence of a shortage of liquidity or a delay in disbursing salaries.

The problems of delaying the disbursement of salaries began to appear more than once during the past few months, with the increase in spending requirements compared to the revenues entering the state.

 For example, current spending alone alone during the past ten months amounted to more than 91 trillion, excluding investment spending, that is, an average.

 More than 9 trillion dinars per month are needed by the Ministry of Finance to ensure current spending such as salaries and other mandatory requirements.

 On the other hand, Central Bank data show that the Ministry of Finance last November sold only $4.4 billion, equivalent to 5.8 trillion dinars, to the Central Bank.

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

Accordingly, this means that there is a 20% deficit in the funds required for the obligatory monthly current expenses,

 which makes the Ministry of Finance unable to collect all the funds at one time for the purpose of releasing the salaries of all ministries at the same time, as was the case previously, and it proceeded to release them in “installments,” and whenever It gradually became liquid.

 Member of the Parliamentary Finance Committee, Jamal Cougar, says that the liquidity shortage crisis will continue in 2025, and

 if the price of a barrel of oil falls to $60, we will not be able to secure employee salaries.   

  https://www.alsumaria.tv/news/economy/511383/الدنانير-الداخلة-للمالية-أقل-بـ20-من-المبلغ-الذي-تحتاجه-العراقيون-يبد     

Iraq Ends Dollar Auction Platform: Economic Transformation And New Challenges

  Jawad Al-Samarraie December 30, 2024 Packs of US dollars and Iraqi dinars. Photo: Pukmedia

 Baghdad (IraqiNews.com) – As Iraq steps into 2025, a pivotal change is set to reshape its financial landscape.

The Central Bank of Iraq has announced the termination of its electronic platform for monitoring foreign currency movements and transfers.

While experts have hailed this decision as a “bold step” with significant economic and regulatory implications,

the move also raises concerns about potential challenges that could disrupt the country’s financial stability.

Why End The Dollar Platform?

 The electronic platform, established in early 2023, served as a mechanism to monitor foreign currency transactions, ensuring compliance with international standards.

 However, the Central Bank of Iraq intends to decentralize currency transfers by allowing local banks to engage directly with correspondent banks abroad.

 This shift aims to streamline operations, enhance transparency, and reduce dependency on intermediary systems like the Federal Reserve’s oversight.

According to Kadhim Al-Shammari, a member of Iraq’s Parliamentary Economic Committee,

the platform was a temporary solution to manage the economic chaos and legal loopholes that plagued Iraq’s financial system. Al-Shammari emphasized that

while the Central Bank’s core role is to preserve monetary reserves and stabilize exchange rates, selling dollars should remain the purview of private banks.

However, this transition must be accompanied by stringent regulations to ensure responsible currency distribution.

Potential benefits of ending the platform

 Nawar Al-Saadi, an international economic expert, highlights the advantages of this decision:

  1.  Enhanced transparency: Decentralizing transactions could promote more straightforward and transparent dealings between local and correspondent banks.

 2.   Cost Reduction: Eliminating the platform’s maintenance expenses could save significant resources for the Central Bank.

 3.   Direct international compliance: By adhering to global banking standards, Iraq can reduce bureaucratic barriers and foster stronger financial relationships with foreign institutions.

 4.   Efficient financial operations: Simplified processes can reduce delays in currency transfers, benefiting traders and importers.

 The Central Bank’s strategic shift also aligns with its efforts to diversify currency usage, facilitating trade with key partners like China, India, and the UAE using alternative currencies such as the euro, yuan, and rupee.

 Challenges And Risks

Despite its merits, the decision to end the platform is fraught with challenges:

1.   Increased black market activity: Economic experts warn that the absence of robust mechanisms could push traders towards unregulated markets, driving up exchange rates.

 2.   Limited bank participation: Only five out of Iraq’s 60-70 banks have the capacity to handle direct international transfers, which may create bottlenecks and operational delays. 

3.   Inflation risks: A rise in exchange rates could elevate import costs, triggering inflation and reducing purchasing power for Iraqi citizens.

 4.   Economic uncertainty: Traders reliant on the platform may face disruptions, potentially slowing commercial activity and increasing unemployment in import-dependent sectors.

 Adil Al-Alawi, head of the Iraqi Economic Alliance, underscores the importance of implementing rapid regulatory measures and capacity-building initiatives to mitigate these risks.

 The lack of effective oversight could exacerbate financial crimes, including money laundering and tax evasion, tarnishing Iraq’s global economic reputation.

Expert Recommendations

 To ensure a smooth transition, financial analysts propose the following:

 1.   Gradual implementation: Phasing out the platform while providing adequate training and resources for local banks to adapt.

 2.   Enhanced oversight: Establishing strict regulatory frameworks to monitor dollar distribution and curb illicit activities.

3.   Market stability measures: Increasing dollar availability through official channels to reduce reliance on parallel markets.

4.   Public awareness campaigns: Educating traders and importers about the new system to minimize confusion and resistance.

 Central Bank’s Roadmap

 In a statement issued in September 2024, the Central Bank reassured stakeholders about its comprehensive plan to transition to the new system.

 By the end of 2024, 95% of foreign currency transactions had already shifted from the platform to direct banking channels, with only 5% remaining to be integrated.

 The Bank also introduced alternative mechanisms, such as facilitating personal transfers through electronic payment systems and ensuring dollar availability for legitimate purposes at official exchange rates.

 Looking Ahead

 Iraq’s decision to end the dollar platform marks a significant milestone in its economic reform journey.

 While the move promises long-term benefits, its success hinges on meticulous execution, robust oversight, and proactive stakeholder engagement.

 By addressing potential challenges and leveraging international banking best practices, Iraq can strengthen its financial resilience and pave the way for sustainable economic growth.

 As 2025 unfolds, all eyes will be on Iraq’s financial sector to assess the real impact of this bold initiative.

 The outcome will not only shape Iraq’s domestic economy but also influence its standing in the global financial arena.     https://www.iraqinews.com/business/iraq-ends-dollar-auction-platform-economic-impact/     

Arab Bank Group Gains Approval To Relaunch Operations In Iraq Starting 2024

  Business Iraq Jawad Al-Samarraie December 30, 2024

Arab Bank Group Relaunch In Iraq   Baghdad (IraqiNews.com) – Arab Bank Group has received final approval from the Iraqi Central Bank on December 24, 2024, to relaunch its banking operations in Iraq.

 The bank is set to begin its official activities in the new year, marking a significant development in the Iraqi financial landscape.

 This move highlights Arab Bank’s ambition to expand its footprint in the Arab region and strengthen external investments,  making Iraq a pivotal market in its broader strategy.

 Arab Bank’s History And Legacy

 Arab Bank’s approval to operate in Iraq brings back an institution that has a rich legacy in the country.

 The bank previously operated four branches in Iraq from 1945 to 1964, serving as a cornerstone for Iraq’s financial development during that time.

 Arab Bank was founded in 1930 by Abdul Hameed Shoman in Jerusalem, Palestine, with an initial capital of £15,000 and seven shareholders.

 Following the events of 1948, the bank moved its headquarters to Amman, Jordan, where it became a publicly traded company.

 During the 1940s and 1950s, Arab Bank expanded rapidly, establishing 43 branches across the Arab world and beyond.

 In 1961, the bank achieved another milestone by becoming the first Arab financial institution to establish a presence in Switzerland.

 Today, Arab Bank operates over 500 branches worldwide, making it one of the most influential financial institutions in the region.

 A Promising Step For Iraq’s Banking Sector

 The re-entry of Arab Bank into Iraq signifies the increasing appeal of Iraq’s financial market to international and regional investors.

 The bank’s presence is expected to enhance the Iraqi banking sector by introducing modern financial practices and fostering increased economic activity.

 This development not only strengthens Iraq’s financial infrastructure but also provides a gateway for other Arab and global institutions to invest in the country.

Looking Ahead

Arab Bank’s return to Iraq marks a promising step forward for the country’s banking and economic development.

 As Iraq continues to rebuild and attract foreign investment, Arab Bank’s role will be critical in fostering financial collaboration and regional integration. 

  https://www.iraqinews.com/business/arab-bank-relaunches-iraq-2024/     

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 1-1-25

Happy New Year Dinar Recaps,

80% OF JAPANESE BANKS TO ADOPT XRP BY 2025: A GAME-CHANGER FOR FINANCE

Japan’s financial sector is undergoing a transformative shift as nearly 80% of the nation’s banks plan to integrate XRP into their systems by 2025.

This groundbreaking move is expected to redefine cross-border payments and remittances while advancing blockchain technology adoption in mainstream finance.

Yoshitaka Kitao, CEO of SBI Group, a prominent financial institution in Japan, has voiced strong support for XRP, emphasizing its utility in international remittances. He highlighted RippleNet’s growing adoption and XRP’s role in enhancing transaction efficiency. Unlike Bitcoin, which Kitao describes as lacking inherent value, XRP’s utility-driven demand underscores its long-term potential.

This initiative is particularly significant for Japan, a country with a sizable expatriate and migrant worker population that relies heavily on remittances. XRP’s integration promises to streamline cross-border transactions, offering faster, cheaper, and more reliable financial solutions.

Economic and Institutional Impact of XRP Adoption

Japan’s adoption of XRP could serve as a global model for blockchain-based financial systems. With one of the world’s largest economies leading the charge, other countries may follow suit. Western nations have already begun regulating cryptocurrencies more rigorously, signaling a broader shift toward institutional adoption of blockchain solutions.

The integration of XRP also has the potential to drive financial inclusion. By reducing remittance costs, it can empower individuals in underbanked regions, creating a ripple effect of economic opportunities. Furthermore, as institutional investment in XRP increases, its mainstream acceptance is poised to grow, further legitimizing blockchain-based financial models.

XRP’s Role in Global Financial Transformation

Ripple’s On-Demand Liquidity (ODL) network, which leverages XRP for seamless cross-border payments, continues to expand globally. This network has already positioned XRP as a vital player in the future of finance. If other countries adopt similar models, XRP’s utility and market value could experience significant growth.

While the exact number of Japanese banks implementing XRP by 2025 remains uncertain, the current trajectory indicates a profound transformation in Japan’s banking landscape. As global financial systems evolve, XRP is cementing its role as a cornerstone of blockchain-enabled finance.

Daily Technical Outlook: XRP/USD – December 31, 2024

XRP/USD is trading at $2.03054, up 0.64%, reflecting a cautious recovery amid ongoing bearish sentiment. The pivot point at $2.14005 serves as a critical level. Immediate resistance is seen at $2.17118, with further barriers at $2.35413 and $2.51623. On the downside, immediate support is at $2.01000, with deeper protection at $1.95654 and $1.79139.

Technically, XRP remains under pressure, trading below the 50 EMA at $2.14005, indicating bearish momentum. The RSI at 37.43 hovers in the oversold zone, hinting at potential consolidation before a breakout. A descending triangle pattern dominates the 4-hour chart, suggesting a continuation of the downtrend unless prices break decisively above $2.17118.

While a sustained breakout above $2.17118 could spark bullish momentum, failing to hold above $2.01000 may accelerate declines toward $1.95654. Traders should monitor these levels closely as XRP approaches a decisive inflection point.

@ Newshounds News™

Source:  FX Leaders

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FOUR TRENDS THAT SHOW THE FUTURE OF CROSS-BORDER PAYMENTS

The global economy is an intricate web of transactions, and cross-border payments serve as its financial backbone.

For much of its history, that backbone has been creaky, slow and inefficient. But throughout 2024, the cross-border payments sector evolved at a breathtaking pace, driven by technological innovation and changing customer expectations, while simultaneously grounded in regulatory and compliance considerations.

Four central themes emerged throughout PYMNTS’ coverage of the space this year:  growing collaboration between FinTechs and financial institutions (FIs); the maturation of blockchain as a key cross-border rail; smarter compliance tools powered by artificial intelligence (AI) and machine learning; and the emergence of real-time payment infrastructure.

Financial Institutions and FinTechs: A New Era of Collaboration

In 2024, we witnessed a convergence and an evolution of FinTech and FI partnerships that worked to reshape the cross-border payments landscape. FIs brought the scale, infrastructure and regulatory expertise, while FinTechs contributed agility, innovation and customer-centric solutions.

“The [cross-border] space is very fragmented, and there’s a lot of opportunity for someone to emerge and dominate that space — or help banks improve the service that they offer,” Andy Elliott, vice president of strategy at EvonSys, told PYMNTS.

The convergence also signals a shift in mindset. Rather than viewing FinTechs as disruptors, FIs now see them as partners essential for navigating an increasingly digital economy. This symbiosis will likely deepen, leading to hybrid models where the lines between traditional banking and FinTech blur further.

Blockchain and Stablecoins: Building the Infrastructure of Tomorrow

Blockchain technology has long held the potential to transform cross-border payments by offering faster, more secure and cost-effective solutions. In 2024, we witnessed the maturation of this technology, with stablecoins — cryptocurrencies pegged to stable assets like fiat currencies — emerging as a viable medium for international transactions. Major players like PayPal and Circle have introduced their own stablecoins to modernize cross-border remittances and B2B transactions alike.

The PYMNTS Intelligence report “Can Blockchain Solve the Cross-Border Payments Puzzle?“ explored how blockchain could revolutionize cross-border payments, assessed its current adoption and examined the future implications for financial institutions and businesses.

Unlike traditional systems burdened by intermediaries, stablecoins offer near-instant settlement and reduced transaction costs. However, challenges remain. Regulatory clarity is uneven across jurisdictions, creating hurdles for widespread adoption. Still, the groundwork laid in 2024 suggests that stablecoins could serve as a gateway for broader blockchain adoption in cross-border payments.

The next phase? Integrating these digital assets seamlessly into existing financial systems to drive mainstream usage.

Smarter Compliance Solutions: Turning Pain Points into Opportunities

Compliance remains one of the biggest challenges in cross-border payments, particularly in a world of tightening regulations and heightened scrutiny.

“Everything’s going more cross-border and getting regulated, so tax compliance regulation is huge for new business models in new markets,” Sovos CEO Kevin Akeroyd told PYMNTS in an interview posted in April.

Faulty cross-border payments cost merchants in the United States at least $3.8 billion in sales last year alone, according to the PYMNTS Intelligence report “Cross-Border Sales and the Challenge of Failed Payments.” Additionally, 70% of U.S. firms experienced higher rates of failed payments in cross-border sales compared to domestic sales.

But 2024 marked a turning point: the rise of smarter compliance solutions powered by AI and machine learning (ML). Advanced tools now enable real-time monitoring of transactions to detect fraud, ensure anti-money laundering (AML) compliance and verify customer identities.

The result? Compliance becomes less of a bottleneck and more of a competitive advantage. As these technologies evolve, they promise to bring greater efficiency and security to cross-border transactions, paving the way for more seamless global commerce.

Instant Payments: A Global Mandate

The demand for real-time transactions has skyrocketed, fueled by the expectations of consumers accustomed to instant gratification in their personal lives. In 2024, cross-border payments worked on catching up, with innovations in instant payment infrastructure taking center stage.

For businesses, instant payments mean improved cash flow, reduced reliance on credit and enhanced supplier relationships. For consumers, they eliminate the frustration of waiting days for funds to clear. As real-time payment networks expand and interconnect, they’re likely to become one of the default mode for cross-border transactions.

Ultimately, as PYMNTS’ Karen Webster noted in an interview posted in October, any focus on cross-border innovation needs to be on solving key frictions: moving money securely and safely, providing transparency throughout the process and optimizing the economics of cross-border transactions.

@ Newshounds News™

Source:  Pymnts

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 1-1-2025

TNT:

Tishwash:  Al-Hassan congratulates on the New Year: Iraq is able to overcome challenges

The representative of the Secretary-General of the United Nations in Iraq, Mohammed Al Hassan, confirmed in a message on the occasion of the New Year, today, Tuesday, that the Iraqi people have the ability to face challenges.

The Special Representative of the Secretary-General of the United Nations in Iraq congratulates the Iraqi people and government on the New Year: 

Al-Hassan said in a tweet on the {X} platform, "I congratulate the Iraqi people and the Iraqi government on the achievements made during the year 2024."

He added, "In 2024, we witnessed great achievements in development and infrastructure, and this was achieved thanks to the strong and ambitious will of Prime Minister Mohammed Shia al-Sudani's government to improve the lives of Iraqis."

Al-Hassan continued, "We have great confidence in Iraq to draw a better future," calling on the Iraqi government to "continue working sincerely to improve services throughout Iraq.

Iraq is capable of overcoming challenges and regaining its regional and international standing." link

Tishwash:  International Report: 2025 will be the largest year for projects inside Iraq

The International Data Bank, one of the international organizations concerned with monitoring the internal affairs of the countries of the world, issued its annual report for the year 2024, accompanied by estimates for the coming year 2025, confirming that the current year witnessed the issuance of the largest number of investment and service contracts inside Iraq. 

The bank said, according to its report, which was translated by "Baghdad Today", that "Iraq spent $83 billion during the year 2024 on infrastructure and reconstruction projects, and awarded contracts to implement other projects during the year 2025 worth $126 billion," expecting that "this will lead to a doubling of the growth rate of the national GDP to about 4.1% during the next year."

The bank also explained that the largest projects were the share of the country's main roads for the Ministry of Transport, which are expected to be fully completed in 2029, noting also that oil investment projects and the construction of residential complexes in Baghdad, specifically (the integrated Nasiriyah oil project and the city of Al-Rufail in Baghdad) came in second and third place as the largest government projects for the year 2024. 

The information issued by the World Bank also confirmed that the contracts awarded for the coming year were distributed as follows (39.9% allocated to construction, 39.9% allocated to energy and industry, 24.3% allocated to electricity and water service projects, while 22.6% was allocated to road and transportation projects). link

Tishwash:  Starting to implement ASYCUDA global system for automating customs operations

The Prime Minister's Media Office announced on Tuesday the start of using modern automation systems to facilitate the entry of goods into border crossings and monitor them centrally, and the agreement to implement the global ASYCUDA system to automate customs operations.

The office said in a statement, seen by "Al-Eqtisad News", that "in implementation of the directives of Prime Minister Mohammed Shia Al-Sudani regarding administrative and financial reform, which is included among the priorities of the government program, a special meeting was held today in the Prime Minister's Office headed by the Prime Minister's Advisor for Border Customs and Ports Affairs, where the procedures related to the governance of border ports and customs systems were discussed."

The statement added that "the meeting witnessed the announcement of the completion of the necessary infrastructure to link all border ports with the latest technologies, and the start of the use of modern automation systems to facilitate the entry of goods into border ports and monitor them centrally. It was also agreed to implement the global ASYCUDA system for automating customs operations, enhanced with electronic payment services starting from January 1, 2025."

He pointed out that "this step will contribute to achieving automation in ministries and institutions, including the e-government project and providing electronic payment services, which contributes to enhancing transparency and accountability, simplifying procedures, facilitating services and reducing bureaucratic obstacles, in addition to establishing good governance and combating corruption."  link

Mot:  Finally Made sum - Realistic Resolutions

Mot: .. good ole ""Earl"" to the Rescue!!!

News, Rumors and Opinions Wednesday AM 1-1-2025

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 Wed. 1 Jan. 2025

Compiled Wed. 1 Jan. 2025 12:01 am EST by Judy Byington

Happy New Year!!!
God Is About To Open Your Door To A Marvelous Future
The Waiting Wasn’t a Delay, It Was a Preparation

Global Currency Reset:

Tues. 31 Dec. 2024: Withdrawals and deposits suspended for four days at all Iraqi banks. The Central Bank of Iraq will close on January 2, 2025 and cease banking transactions for customers. The bank also decided to suspend withdrawals and deposits in savings accounts at bank branches from December 30, 2024 to January 2, 2025, with the aim of completing its annual budget. https://x.com/DPyontaka92762/status/1874160733984088168

~~~~~~~~~~~~~

Tues. 31 Dec. 2024 Bruce:

At one minute before midnight Tues. 31 Dec. (allegedly) Nesara and Gesara actually starts.

We are supposed to have a Global Announcement on Nesara Gesara on Wed. 1 Jan. 2025.

Nesara (allegedly) includes all new worldwide asset backed currencies by all those precious metals and oils and gas and all commodities.

We will have a new USTN coming out fairly soon.

Nesara and Gesara will be (allegedly) revealed in the first ten days and might even be in the EBS Global Announcement  – so it might well all happen tomorrow.  

For the US, substantial Restitution and Reconciliation Allowances and significant increases in Social Security will also (allegedly) begin with Nesara.

Ages 30 – 45 will (allegedly) get R&R paid monthly over three years in to your bank account. Ages 45 – 60 will receive it over two years. 60 and older will receive it as a lump sum.

We are supposed to be notified of exchange/redemption appointments on the first of Jan in our emails and set our appointments either Wed. 1 Jan. or Thurs. 2 Jan.

The email should tell us what day and time to call  – so that everyone doesn’t call at the same time

Redemption Center Staff are (allegedly) going into work on Thurs. 2 Jan. at 9am.

When you call for an appointment you might get an AI voice, but give them your Zip code and then you’ll get directed to a live person.

You have to ask for the Contract Rate on the Dinar.

At your redemption/exchange appointment you can (allegedly) set up your Med Bed appointment and can refer up to six people for Med Bed treatments.

Read full post here:  https://dinarchronicles.com/2025/01/01/restored-republic-via-a-gcr-update-as-of-january-1-2025/

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

Frank26   [Speaking to Iraq boots on the ground Firefly] [Iraq] is international.  So is your currency.  So  is your banking structure.  Your new exchange rate will be the cherry on top of everything that Sudani has accomplished for you citizens.  It will bring you purchasing power...security and stability from the enemy that stole your money all these years and it will be a very strong relationship with the United States of America...

Militia Man  They're talking about the issuance of money and aren't we waiting for a new exchange rate?  Yes we are.  I think that's the whole premise here.  They're getting rid of the dollar auction.  Now it's called the currency  window...No wonder these guys in the street are nervous.

FDIC WARNS: Bank CRISIS Accelerates as Losses Hit $364 BILLION

Taylor Kenny:  12-31-2024

The FDIC has issued a dire warning: a growing number of banks are on the brink of insolvency due to a $364 billion crisis rooted in unsustainable federal debt.

In this video, we’ll break down the truth about unrealized losses, hyperinflation risks, and the looming threat of a currency reset.

 Learn how to prepare and protect your wealth before it’s too late. Watch now to stay informed and take action.

CHAPTERS:

00:00 FDIC Warns of Bank Insolvency

00:42 Federal Debt’s Ripple Effect on Banks

 01:20 Wall Street Speculation and Deposit Risks

 02:00 Banks Gambling with Your Deposits

03:19 Unrealized Losses on Bank Balance Sheets

 04:31 Hidden Bank Liabilities and Liquidity Crisis

05:42 Inflation and Debt Drive the Financial Crisis

07:03 The Truth About Bank Failures

08:15 Hyperinflation: A Growing Threat

09:31 Bank Bail-ins: Your Deposits at Risk

10:03 The Inevitable Currency Reset

11:17 How to Prepare for the Reset

https://www.youtube.com/watch?v=AWmMTE6bPaM