Iraq Economic News and Points to Ponder Saturday AM 1-4-25

After The Electronic Platform Stopped...An Answer To Questions From Iraqi Circles About The New Dollar Mechanism

Economy   2025-01-02 | 4,898 views  citizens asked Many Iraqi questions about the new mechanism for trading the dollar in Iraq and the method of withdrawing or buying it after the official cessation of the electronic platform.

 Governor of the Central Bank, Ammar Khalaf, said Deputy yesterday,   “The working mechanism of the electronic platform related to foreign transfers has stopped working on it, but   financing foreign trade continues through correspondent banks according to various mechanisms that are equivalent to what is done in countries of the world.”

Many citizens asked about the platform’s news, which Alsumaria News published on Facebook, about the

      electronic platform and its work,

     what will happen to the dollar, and

     whether Iraq will witness a new rise in currency exchange rates.

 One of the citizens said through the comment feature:

 “What is the purpose of the electronic platform? Can someone explain,” while another responded by saying, “The siege will return to Iraq and the exchange rate will be at least 250 thousand Iraqi dinars for 100 dollars.”

 Another wondered about "the continued arrival of foreign remittances to Iraq and the giving of currency to travelers," while another pointed out that "unemployment will return, food prices will double 4 times above normal, and famine will return to Iraq."

 Others praised the decision to stop the electronic platform, considering it “an effective government achievement that will benefit one after another and a transformation process that enhances the economic role and prepares for investment opportunities with full confidence, and that the

 government is playing a supervisory role over markets and money exchanges, and  the dinar is dealt with only to raise the value of the Iraqi dinar.”

 Another pointed out that “the platform was a front for stealing the dollar, and  therefore imposing censorship through the financial transfer through the bank will contribute to balancing the market and controlling the rise of the dollar,” and another supported him by saying that “this step may have several reasons, such as:

 1- Controlling the dollar exchange rate: An attempt to stabilize the price of the dollar against the Iraqi dinar by limiting the flow of the dollar. uncontrolled

 2- Preventing dollar smuggling: If there are indications that the dollar is being used in smuggling operations or that there is an inflation in demand for it due to illegal purposes.

 3- Strengthening the local economy: Reducing dependence on the dollar and supporting the local currency by reducing the circulation of the dollar in the markets.

Possible Outcomes:

 Dollar prices rise on the black market if there are no alternatives to meet demand.

 Impact on merchants and companies that depend on the dollar for imports, which may lead to higher prices for imported goods.

 Tightening financial oversight to try to prevent fraud and circumvention of policies. Therefore, the effects will depend on the way this decision is implemented and the extent to which there are alternative plans to provide dollars to the commercial and service sector.” It should be noted that

"Travelers' dollar"

  “the Central Bank clarified that granting dollars to travelers continues at airports according to the approved mechanism, which is considered the best in restricting the traveler’s access to dollars,” noting that

 “this decision is part of a series of reforms aimed at facilitating financial procedures and stimulating the economy.”

 What Is The “Electronic Platform”

 The electronic platform for money transfers is a mechanism that has been adopted to

      ensure the regulation of foreign cash transfers and

     limit manipulation of exchange rates.

 It works to document

     commercial operations and the

     transfer of funds by banks and financial companies,

 ensuring more effective control over hard currency flows inside and outside the country.

  Will Canceling The Platform Affect The Price Of The Dollar?

 The impact of canceling the platform on the price of the dollar will be reflected in the prices as follows:

 1- Increased demand for the dollar on the black market.

With the absence of an electronic platform, the demand for the dollar on the black market may increase as a result of the absence of control mechanisms, which leads to an increase in exchange rates outside official channels.

 2- Weak confidence in the dinar, as canceling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure market stability.

Weak confidence means that citizens and investors may withdraw their money in dinars and convert them to the dollar as a safe haven.

3- The impact of smuggling and money laundering, as canceling the platform may eliminate strict control over dollar smuggling operations, and smuggling and money laundering practices may expand, which will increase the demand for the dollar and affect the reserves of the Central Bank. greatly

 4- The market’s dependence on supply and demand.

 With the cancellation of the platform, the currency market may become more affected by direct supply and demand.

 This may lead to severe fluctuations in the exchange rate, especially under unstable economic and political conditions.

 Will The Dollar Rise?

 The government and the central bank can rely on other supervisory tools, such as strengthening the role of local banks, placing strict restrictions on foreign transfers, activating alternative supervisory tools, or pumping more dollars into the market to meet demand and maintain price stability.

 Investment can also be encouraged and  dependence on foreign currencies reduced, to  relieve pressure on the dollar and  enhance the strength of the dinar, and  all of these measures can maintain dollar prices.   

  https://www.alsumaria.tv/news/economy/511638/بعد-توقف-المنصة-الالكترونية-إجابة-لأسئلة-الأوساط-العراقية-عن-الالية-ال    

Government Advisor: The Monetary Enhancement Mechanism Will Maintain Financial Stability In The Country
 
Economy    Today, Baghdad - INA - Amna Al-Salami  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Friday, that the  Central Bank has adopted the monetary enhancement mechanism to feed national banks’ requests for foreign currency, indicating that the  
monetary enhancement mechanism will maintain financial stability in the country. 

Saleh stated to the Iraqi News Agency (INA) that “the function of the central bank will continue to move in two directions: the    first is to meet the needs of national banks for foreign currency with their correspondents, which confirms that the new monetary enhancement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the policy of monetary sterilization.” 

 Which is concerned with controlling local liquidity levels by exchanging foreign currency for dinars,” pointing out that “the new monetary enhancement mechanism will maintain a fixed exchange rate of 1320.”

One dinar for every 100 dollars, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through the so-called monetary transfer mechanism to achieve the intermediate or real long-term objectives in achieving stability in The general level of prices or reducing the growth in inflation rates, and
 
this comes in conjunction with the stability of the exchange rate and the growth of the money supply to achieve stability in the general level of prices.”  Saleh added,
 
“The second trend is to provide foreign currency to correspondents of national banks in order to facilitate the stability of the real supply of basic goods and services flowing to the internal market with high smoothness, and to make compliance control over the disposal of foreign currency at two levels:
 
     national through the Office of Combating Money Laundering and Terrorist Funds, and
     external, represented by “The role of correspondent banks that undertake the task of auditing compliance issues.”      https://www.ina.iq/224986--.html 

Closing The Dollar Selling Platform...An American Directive That Raises Concerns About Market Stability And Rising Prices
 
    January 2 09:43  Information / Baghdad..  The Central Bank announced the closure of the dollar selling platform at the end of the fiscal year, a measure that comes within the ongoing directives by the US Treasury to tamper with the Iraqi economy.
 
However, this decision raises growing concerns about its potential impact on demand and dollar prices in the local market, especially in light of the current economic conditions.
 
Closing the platform is expected to lead to an increase in demand for the dollar in the parallel market, as many importers and traders rely on purchasing hard currency to meet their needs.
 
In the absence of the usual supply through the official platform, they may resort to alternative markets to obtain dollars, which leads to increased pressure on prices.
 
Economic observers point out that the rise in demand accompanied by a decline in supply will inevitably lead to an increase in the price of the dollar against the dinar, and
 
this rise may be directly reflected in the prices of goods and services, which adds an additional burden on citizens, especially with the decline in purchasing power as a result of high inflation rates.

Regarding the issue, economic expert Safwan Qusay said in an interview with the Maalouma Agency,
 
“The Central Bank of Iraq announced the end of work on the electronic platform for banking transactions as of the beginning of the new year, after notifying all Iraqi banks of the cancellation decision early on.”  He added,
 
"13 Iraqi banks were able to adapt to this change, as
 
they expanded their dealings with real merchants, bringing the percentage of transfers and credits made through direct relationships between Iraqi banks and supplier banks to more than 95%."  He stated that
 
"these operations are carried out in accordance with strict compliance standards that ensure knowledge of suppliers and payment mechanisms." He continued by saying,
 
"For 5% of the transfers that were made through the electronic platform, merchants wishing to continue import operations at the official price can open bank accounts within these banks." He pointed out that
 
"the Central Bank issued a circular dated September 30 last year allowing merchants to import directly after opening bank accounts, without the need for a waiting period that previously extended to six months." He explained,
 
"The market may witness some fluctuations, but he ruled out the possibility of achieving large profits from importing irregular goods, in light of the Iraqi economy, which relies heavily on the dollar and its high value globally." He pointed out that
 
"the Iraqi economy will not face major fears as a result of this change, stressing the importance of adhering to banking procedures to ensure market stability and facilitate import operations."
 
Closing the dollar selling platform may be a technical measure linked to the end of the fiscal year, but it raises economic and social challenges that must be treated with caution.
 
Maintaining market stability and the exchange rate requires effective coordination between the central bank and the government, while developing proactive plans to avoid worsening the economic crisis. Ended 25/S    
  
https://almaalomah.me/news/87024/economy/إغلاق-منصة-بيع-الدولار-توجيه-أميركي-يثير-المخاوف-بشأن-استقرا 

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 1-4-25

Good Morning Dinar Recaps,

RIPPLE PRODUCES 600,000 RLUSD TOKENS WHILE STRATEGICALLY LIMITING CIRCULATING SUPPLY

▪️Ripple strategically increases RLUSD supply while keeping the token’s market cap steady.

▪️RLUSD is 7% over-collateralized, backed by $83 million reserves for enhanced stability.

▪️Ripple limits RLUSD circulation to maintain price stability amid competitive stablecoin markets.

Ripple, the blockchain-based digital payment company, has made headlines with the creation of 600,000 new RLUSD tokens. Despite this production, the cautious move by Ripple has left many wondering if Ripple is carefully managing the coin’s value and making sure it stays strong in the competitive crypto market.

Ripple Produces 600,000 RLUSD Token

Ripple’s RLUSD stablecoin currently holds a market cap of 53.1 million tokens, even after the recent creation of an additional 600,000 tokens. This indicates that despite producing more tokens, Ripple is maintaining a steady supply.

The company has secured approximately $83 million in reserves, which are backing over $77.2 million worth of RLUSD tokens. This means the stablecoin is 7% over-collateralized, reflecting Ripple’s effort to provide stability and reliability to the token

Furthermore, Ripple has promised to release its first attestation report within 30 days of RLUSD’s public launch. This report will detail the composition of the assets backing the stablecoin, adding transparency to Ripple’s operations and reinforcing its credibility.

Ripple’s Master Plan

Despite the recent creation of more tokens, analyst Arthur believes the company is controlling the supply of RLUSD to keep its value stable. If too many tokens are released too fast, could drop their price, which Ripple wants to prevent.

By limiting the supply now, Ripple may be positioning itself for future conditions that could drive higher demand and adoption of RLUSD.

As Ripple faces robust competition from major players like Circle and Tether, its careful supply management and growing presence in the market could make RLUSD a strong contender in the stablecoin space.

RLUSD’s Role in the XRP Ecosystem

In addition, Ripple President Monica Long believes RLUSD could set a new standard for stablecoins, citing its strong regulatory compliance as a key advantage. By adding RLUSD to the XRP ecosystem, Ripple hopes to increase XRP’s usefulness and improve liquidity for large institutional trades.

This move could make the network even more attractive, especially after Ripple’s partial legal victories, which clarified XRP’s classification in certain situations.

@ Newshounds News™

Source:  Coinpedia

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BRICS NEWS:  BRICS NATION ANNOUNCES INTENT TO EMBRACE TRUMP, US AMID TARIFF

In what is a rather surprising turn of events, one BRICS nation has announced its intent to embrace US President-elect Donald Trump and his incoming administration amid the ongoing 100% tariff threat. Indeed, the returning president has been clear on his stance regarding the alliance’s de-dollarization efforts.

In a post to his social media platform late last year, Trump stated he would impose tariffs on BRICS nations. The warning targeted those global south countries attempting to create their own trade currency. For much of his presidential campaign, Trump has noted the importance of maintaining the global status of the greenback.

BRICS Country Turns to Trump? 100% Tariff Warning Drives Plea for Cooperation

The last two years have seen the BRICS bloc increase its prominence on a global scale. Indeed, the economic alliance has sought to challenge the status quo and brought forth renewed de-dollarization efforts. Those pursuits appear to be going off without a hitch until the tail end of 2024.

With the impending arrival of a new president, things are shifting in the United States. Moreover, as a stark warning has been issued, one BRICS nation has announced its intent to embrace Trump and the US as tariffs loom. Moreover, it could lead to a groundbreaking shift for the economic collective.

Indeed, India has reportedly called to strengthen cooperation with the United States, according to officials. Specifically, they have stated clearly their desire to strengthen an economic relationship with the West.

“We are looking forward to a very deep and substantive engagement with the new US administration,” India’s Trade Minister said, according to a Reuters report. To this point, India has embraced bilateral relations with the United States for the Obama, Biden, and first Trump administrations.

Although it is no surprise that it is set to continue, things do appear different in 2025. The BRICS bloc has drawn its line in the sand and made its feelings about the US dollar known. Moreover, America has responded in kind. Ultimately, it will provide an incredibly intriguing geopolitical development to take place over the next year.

@ Newshounds News™

Source:  Watcher Guru

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IS THIS THE MOST IMPORTANT CONSTITUTION CALL OF 2025?  |  Youtube 

Will much of DC be gutted and authority returned to the States?   Will the American Congress be rebuilt and reseated in Philadelphia Hall?  Is it true the Municipal Contractor is withdrawing from America?  What does all this mean?  Can we possibly UNLEARN the wrongs that we accepted and relearn the correct freedoms we lost?  Does the banking system have authority over us?  Are mortgage promissory notes legal?  Can our government own land?  You can listen to the call on the Seeds of Wisdom Team Youtube Channel at the link above.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Thank you Dinar Recaps

“Tidbits From TNT” Saturday Morning 1-4-2024

TNT:

Tishwash: New holiday for all Iraqis

Witnesses next week vacation Official next Monday on the occasion of memory establishment Army  Iraqi Al-Basel, according to the Official Holidays Law No. 12 of 2024.

It will be on Monday, January 6th. vacation Official for all Iraqis On the occasion of the 104th anniversary of the founding of Army  Iraqi The brave.  link

Tishwash:  Is Iraq facing a cash crisis?

The amount of money sold, domestically and internationally, by the Central Bank in dollars this year has exceeded $62 billion, resulting in the receipt of dinars in equivalent proportion, averaging approximately 80.6 trillion dinars for the year. Non-oil revenues generated from taxes, fees, and customs by the end of October 2024 amounted to 14.3 trillion dinars.

 Combined, these revenues total around 95 trillion dinars. However, by the end of October, Iraq's total expenditures had reached 122 trillion dinars. With two months of expenditures still unaccounted for, it is evident that the dinar reserves derived from oil-based dollar revenues have been exhausted.

This comes despite reports from the Central Bank's Foreign Currency Selling Window, which indicate that total transfers abroad (remittances and credits) this year have reached the highest level in seven years—34% higher than last year. Similarly, dinars returned to the Central Bank and subsequently to the Ministry of Finance in proportion to this increase. So why is there talk of a cash shortage affecting the distribution of December salaries for some ministries in Baghdad and the November salary allocations for the Kurdistan Region?

According to reports from the Iraqi Ministry of Finance on revenues and expenditures, total expenditures for the first nine months of this year amounted to 94.5 trillion dinars, including 85 trillion dinars in operating expenses and 9.5 trillion dinars in investment expenses. However, according to the Ministry of Finance's October report, total expenditures had climbed to 122.7 trillion dinars, with operating expenses accounting for 100.6 trillion dinars and investment expenses rising to 22 trillion dinars.

Looking back at previous months, it becomes evident that average monthly expenditures ranged between 10 and 11 trillion dinars. For instance, total expenditures from the beginning of the year to July were 73 trillion dinars, increasing to 83 trillion dinars in August and 94 trillion dinars in September—demonstrating consistent monthly spending within this range.

However, expenditures surged dramatically in October, reaching 28.2 trillion dinars and bringing the total for the year to 122 trillion dinars by the end of that month. This significant jump was driven by increases in both operating and investment expenditures. Operating expenditures, which typically ranged from 9 to 10 trillion dinars per month, rose to 15.6 trillion dinars in October, while investment expenditures, previously averaging 1 trillion dinars per month, soared to 12.6 trillion dinars in the same period.

As a result of the excessive expenditures in October, the Ministry of Finance now lacks the cash needed to cover expenses at the end of the year. October's spending was nearly triple the average monthly expenditure of previous months.While total revenues for the first 10 months exceeded expenditures, converting the full oil revenue—received in dollars—into Iraqi dinars or conducting domestic transactions in dinars has not been feasible which is due to government policies mandating that all domestic transactions must be conducted in dinars, while foreign transactions must be conducted in dollars and processed through remittance.

According to the Iraqi Ministry of Finance, October's expenditures rose so significantly that the total amount of dinars generated from selling dollars domestically and internationally, combined with non-oil domestic revenues, was insufficient to cover the spending. Total expenditures for the month reached 28 trillion dinars, approximately 18 trillion dinars more than in previous months. It remains unclear how the Ministry of Finance plans to manage expenses for the remainder of the year, as 95% of Iraq's currency is held outside the banking system, which amounts to 95.5 trillion dinars out of a total of 101.3 trillion dinars by the end of November 2024.

The underlying issue here highlights the weaknesses in Iraq's monetary system and the absence of a coherent expenditure and revenue policy. Despite having not spent 60% of its allocated budget, the Ministry of Finance is already encountering significant challenges. Had the budget been fully implemented as planned, cash shortages would likely have arisen mid-year rather than at year-end.

In conclusion, is it true that Iraq has cash problems? Yes, Iraq is indeed facing cash problems. However, these issues are not caused by low oil revenues, declining oil prices, or a shortage of money or dollar issuance. Instead, the root cause lies in the government's economic expenditure policy, which allowed spending to surge by approximately 300% in a single month.  link

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

Tishwash:  Government Advisor: Monetary Stabilization Mechanism Will Maintain Financial Stability in the Country

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the Central Bank has adopted the monetary reinforcement mechanism to feed the national banks' requests for foreign currency, indicating that the monetary reinforcement mechanism will maintain financial stability in the country.

Saleh told the Iraqi News Agency (INA) that "the function of the Central Bank will continue to move in two directions: the first is to meet the needs of national banks for foreign currency with their correspondents, which confirms that the new monetary reinforcement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the monetary sterilization policy that is concerned with controlling the levels of local liquidity by exchanging foreign currency for the dinar,"

Noting that "the new monetary reinforcement mechanism will maintain a fixed exchange rate of 1,320 dinars for every dollar, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through what is called the monetary transmission mechanism to achieve intermediate or real long-term goals in achieving stability in the general price level or reducing growth in inflation rates, and this comes in conjunction with the stability of the exchange rate and the growth of the money supply to achieve stability in the general price level."

Saleh added that "the second trend is to provide foreign currency to correspondents of national banks in order to facilitate the stability of the real supply of basic goods and services flowing into the domestic market with high fluidity, and to make compliance control of foreign currency transactions on two levels: national through the Anti-Money Laundering and Terrorist Funds Office, and external through the role of correspondent banks that undertake the task of auditing compliance issues." link

Mot:  Coming Sooooon -

Mot:  . Brrrrrrrrrrrr -- its cold outside where Yous is --- HUH!!! Alaska temps

MilitiaMan & Crew Iraq Dinar News-CBI Streamlined International Transfers-ASYCUDA System-Reinforcement Mechanism

MilitiaMan & Crew Iraq Dinar News-CBI Streamlined International Transfers-ASYCUDA System-Reinforcement Mechanism

1-3-2024

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

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

https://www.youtube.com/watch?v=a9wFdgTkl3g

More News, Rumors and Opinions Friday PM 1-3-2024

TNT:

Tishwash:  Parliamentary Wealth: Baghdad and Erbil Problems Due to the Absence of Oil and Gas Law 

Member of the Parliamentary Oil, Gas and Resources Committee, Basem Naghamish, considered today, Friday, that most of the problems occurring between Baghdad and Erbil are due to the absence of the oil and gas law. 

Naghamish told Al-Maalouma Agency, “The draft oil and gas law is one of the basic tasks of the political agreement paper under which the Sudanese government was formed.” 

He added, "The government has formed a negotiating committee headed by the Deputy Prime Minister for Energy Affairs, the Deputy Prime Minister for Economic Affairs, SOMO, and a number of relevant government agencies to negotiate with the regional government regarding the oil and gas law "

He pointed out that "the absence of the oil and gas law is one of the most prominent problems between Baghdad and Erbil after 2003, and stressed the need to send the oil and gas law for study and voting in the House of Representatives as soon as possible."   link

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Television is now showing comprehensive approach on how to trade the Iraqi dinar on Forex.  They got some guy going over documents, page after page, on how us Iraqi citizens can invest in Forex.  FRANK:  This gentleman is teaching you Iraqi citizens how to invest in the Iraqi stock market because you are soon to have purchasing power to do so.  They have never taught you this before because you didn't have the purchasing power to do so...

Militia Man  Iraq has done what they said they were going to do all along.  The Central bank implemented a new electronic system so that the central bank would be out of the dollar auction...They now use the correspondent banks to facilitate internal and external trade... The central bank will no longer deal with retail...We can see January 2nd...there's not transfer abroad.

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

From Recaps Archives

For Dinar - What you will see on Forex or CBI WHEN IT RVs

$ RATE = What you will see on Forex or CBI
$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100

DANGER ZONE: THIS IS A TRUE "MAKE OR BREAK" MOMENT FOR THE STOCK MARKET. THIS IS WHY.

Greg Mannarino:  1-3-2024

https://www.youtube.com/watch?v=6OjREJz9dkk

2025 NEW YEAR SPECIAL! Analysis on the Future Money from Shelton, Greenspan & Roota!

 (Bix Weir):  1-2-2025

Here's my analysis of the Andy Schectman & Dr. Judy Shelton interview where they discussed the potential for a new Gold Standard being adopted in the USA.

Much of what is discussed is perfectly in line with the Road to Roota Theory I originally postulated in 2007! ENJOY:)

https://www.youtube.com/watch?v=0i-tOA2gL1c

Bruce’s Big Call Dinar Intel Thursday Night 1-2-25

Bruce’s Big Call Dinar Intel Thursday Night 1-2-25 

Transcribed By WiserNow Emailed To Recaps

Welcome Everybody and Happy New Year - Welcome  to the Big call. It is Thursday, January 2, 2025 and you're listening to the big call. I'm glad everybody's here. Thank you sat team for getting the signal out all over the globe to as many as 200 countries we believe we've been to before. And thanks for tuning in everybody, whether you're no matter how you're listening, if you're listening live, or if you're listening on Memorex, meaning on the recorded line, or on the replay link. So thanks for coming in.

So let's move into where we are on Intel. I can tell you guys, today is the second we supposed to get notified today. I think I led up to that on Tuesday’s call ifI remember right - we were supposed to get notified day after New Year's and get started today with exchanges.

Well we had a couple things that happened behind scenes or they used them behind the curtain. And we sort of found out what they might have been. We think we know. And now everything is moving forward at the regular pace.

Now let's talk about Iraq for a minute. Iraq has had a new rate. They brought a new in country rate in or New Year's Day. We heard about this New Year's Day, and it looks like they are about to let's see at let's see at midnight tonight, Eastern Time, which is only what a little less than two hours away now Iraq, on their time, will bring out the start of what they've been talking to the people in Iraq about on TV, and I Think on billboards, in term with standards. I think they refer to them as billboards - we would call them in Iraq.

And what it amounts to is, you know, they pull most of the three zero notes, the higher denominations, the 25k dinar notes, the 10k the 5k, the 1k those are all of the high three zero dinar notes.

Now those are notes that we have that we're going to be able to exchange at a very high rate, very high but in Iraq, they're removing the three zero notes, like our 25k 10 Ks, five Ks, 1k notes, and they're exchanging those with 25 dinar, 10 dinar, five dinar, one dinar, in other words, without the three zeros. Now that's not us. That's not us. Here, we’re going in the opposite direction.

We're getting huge rates on the dinar that we have, but the in country citizens of Iraq, they've known about this for years, but it's finally coming to be where they will actually exchange. I'm going to say over this weekend, maybe sooner, they will exchange and get the new money.

Now, what are they calling the new money? The new money, as they term it, is a lower denominations, sort of equivalent to the money that we have our cash money. In other words, they'll have 100 dinar, they'll have 50 dinar, they'll have a 20 dinar, a 10 dinar, and probably five dinar, kind of like us with our under dollar bill, 5020, 10 and five, and I don't know even what we're going to do with our I guess we'll still have our singles, our $1 bills.

They tend to have coins at the lower levels. I remember when this first came out, 20 years ago, I bought a pack of dinar that included a 100 dinar coin and a 25 dinar coin. Those were two coins.

Can I find them now, 20 years later? No, they can't see anyway, but I can't find them. Hopefully they're still somewhere, because I love to use the hundreds in our point as a ball market when I play golf with Bob.

But the cool thing about this is that this they made that they're making those announcements on television in Iraq. They're using those so called standards, which I think are billboards to talk about it, and they're ready to get started with that.

I'm going to call it 8am in the morning, Iraq time tomorrow, which is in a couple of hours. So there you start with that. Now, what does that mean for us? We were supposed to get started today. We look like we could get started in a couple of days. They're calling it the weekend

Now the weekend for us, traditionally, guys, is always Saturday and Sunday, right? Well, sometimes in this business, they tend to start think of the weekend as starting Friday, Friday, Saturday, Sunday.

So somewhere in that timeframe, I'm going to say as early as Friday and as late as Sunday, we should be getting our notifications by email with the 800 number, and we should be able to get started with our exchanges.  Whewwwwww

 I went super long on my Intel on Tuesday night’s call - I guess I felt I needed to fill but really, I'm not going to fill them, but I'm going to tell you one little thing about the Quantum access card. quantum card and our quantum account,

 I just want everybody to realize that once you're exchanged monies from your currencies and from your zim that are  redeemed as a bond, those all go into your quantum accounts.

Then you need to move those funds that don't grow any interest at all in your quantum account. It's a safe Treasury backed gold backed account. When that, when you need to bring some money into your primary Well’s account or a secondary Well’s account or another bank, when you get them set up.

Okay, thatmoney needs to be moved using your quantum card. It's three times thicker than a normal credit card. It could be made of titanium. I don't know. It's supposed to be metallic. It should be pretty sturdy, and it has three chips in it, one chip to record your biometric finger or thumbprint, one to record the account information that you have, and one for probably the balance of information that you have in your account.

Okay, now that card is used when you want to transfer funds, funds from your quantum account into your bank accounts, and I've been told you can link three different banks to the quantum card. I'm going to start with Wells, stay with Wells, and maybe I'll add one or two more accounts to it.

I'm not sure yet what I'm going to do, but you guys do what you want to do. Now, the thing I want you to know about the quantum account is how to activate it. You activate it with a biometric fingerprint or thumbprint. Okay, that's recorded that goes in there.

And of course, you've got a brand new username and a brand new password for the username, and then you have an all new five digit pin code, five numbers, okay, that you create. That's another thing.

And you also have a brand new email that you're setting up explicitly for this purpose, with a password into that email. How many things is that biometric finger thumbprint, one, two is your name, three is your password for your user. Four is your five digit pin code. Five is your new email. Is your password to get into your email. I think that's everything to get you into your quantum account, and then you earn some interest on the interest negotiable, and it's very it's a very strong interest rate you can negotiate to.

The lower the money you have, in terms of all these exchanges and zim and everything, the more you have, the lower your interest rate will be. Earning interest that makes sense. You got trillions and zillions of dollars worth. You really don't need a pretty high interest rate at all. You don't really need the money.

But if you've got, let's say that money, you had a low on their individuals. Let's say, instead of billions  or trillions, trillions, you might end up getting a higher rate. You can negotiate that rate up higher, and they'll work with you on that.

I'm trying to think if there's anything else that, there's nothing else I can think of other than when you call, I believe they're going to ask you, either with an AI voice or a person, when you get called the 800 number at the call centers, you're going to give them your name and you're going to give tell them the zip code where you want to exchange,

in other words, either your Home zip code or your business zip code or your let's say you're traveling, and you know a zip code in the area where you're staying, and you want to exchange in Georgia, when you really live in Texas or whatever, but you're on the road or whatever, you've got your currency with, and now you're going to call in and set your appointment

Now the emails that come out which we should get over this weekend starting, I'm going to say Friday, maybe Saturday, maybe Sunday.

Whenever those come in, you should have some instructions on when you are to call. Please obey those instructions whenever it tells you what day and time to call. Go ahead and do it. Do it that way.

Okay, one other quick thing about med beds, and then we'll go –

The med bed -  When you go in for your Med bed appointment, you have the opportunity to refer six people to go in when they are able to. So you want to have a list of those six by name and phone number, maybe address too, if you know it okay, but certainly name and phone number so they can contact them come in and to give them an appointment.

Now, if they are zoom holders and they're older, they have dire need, like they're really hurting physically, they have priority. They will be given priority -  they want the Zim holders.

Now it could be refer people that don't have any currency. It could be, I know a couple, and I plan to refer one or two like that. But if you refer somebody and they have currency, make sure that if they have zoom or any currency, that they let them know when they go in for their exchange that they need the med bed they're looking forward to getting a med bed appointment as soon as possible.

And when you go in and you give the name, the name will be in the computer for them. And then when they go in, let's say, after you exchange, their name will be in the computer.

I see, yeah, Bruce, put this person in, and then they put themselves in, and then we'll see them put them in, so they'll have they'll know that this is a real person with a dire need or not.

So we  don’t know where  each individual  med bed center is. We've got, well over 6000 med bed centers in the US alone.  I think that  is a low number  I think  is much higher now. But don't worry. Yes, you'll sign an NDA so that you do not discuss where you went for this Med bed treatment,  you will not tell who helped you, and any of the specifics like that. Just keep it to yourself

Now will people see you differently if you have physical changes made and you've been de-aged  from 70 something down to 28 Oh, yeah.  They will notice - they won’t  understand it - they'll be shaking  their heads  - what happened to you?  Are you the same person? Well no not really but sort of -  in some ways -  I still have my knowledge etc but maybe some things have been tweaked -  

Now, remember one more thing that I mentioned on Tuesday, kind of late, and hope everybody caught it. If you have dinar and you would like the contract rate, which is substantial and moving up as we speak today, ask them for it politely. Yes please I would like the contract on the dinar please. Did that. If you have dinar – I don’t care if you got two or three notes, or you got, you know, 20 or 50 million dinar,  and you're not limited. And this is something that's been out there and it's repeated itself. There are no limits. If you've got 100 T notes of zim, you’re going to get the same  - I don’t care if you’ve got 20, quadtrillion in zim, to 100 notes or 50 T notes  

Okay, so there's no limit,  they do not restrict you because you have a lot - but what’s going to  happen  is all of that is going to wind up in the quantum account, and then you get to move that, you know, a few billion at a time, let's say, into your bank account, and then you'll earn interest on what is moved into your bank account

All right, that's all I was going to bring up today. I think it's time to go ahead and pray the call out and see how this thing - it comes out for the weekend, for us, okay, I think that's really what I wanted to say tonight – I’m glad we got it all in –

Bruce’s Big Call Dinar Intel Thursday Night 1-2-25 REPLAY LINK   Intel begins   1:14:54

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Seeds of Wisdom RV and Economic Updates Friday Evening 1-3-25

Good Evening Dinar Recaps,

BEARS, BULLS AND REGULATIONS SHAPE CRYPTO’S 2025 ASPIRATIONS

The global cryptocurrency market is capitalized at over $3 trillion. Much of that value is concentrated at the top, among a few key digital tokens.

Bitcoin, as the first and most widely recognized cryptocurrency, plays a central role in the sector’s valuation, commanding a substantial share. At its highest, bitcoin’s market capitalization has approached $2 trillion, representing roughly two-thirds of the landscape’s overall market value.

Bitcoin topped $100,000 as 2024 came to a close, but has skidded down double digits from its peak of over $108,000 around two weeks ago.

This concentration of value at the top has implications for the overall market’s volatility, innovation and the evolution of altcoins, with bitcoin often setting the tone for broader market trends. It also raises questions about the future of crypto market dynamics as new technologies and use cases continue to emerge.

With the news that the Tether stablecoin’s (USDT) market cap fell more than 1% to $137.24 billion this week, the largest decline since the crash of the FTX exchange in November 2022, understanding the impact of regulations on the marketplace is becoming crucial for businesses looking to capture efficiencies and advantages from the use of tokens such as stablecoins.

After all, USDT is supposed to maintain a stable, flat value of $1. As of reporting, the stablecoin is a smidge below that value, sitting at $0.9993. The decline comes after several European Union-based crypto exchanges removed USDT due to compliance issues with the EU’s Markets in Crypto-Assets (MiCA) regulation that took full effect on Dec. 30 (the actual law around stablecoins kicked in six months ago).

Per the MiCA regulations, stablecoin issuers must hold an e-money license in at least one EU member state in order to operate across the 27-nation bloc. Tether, which has faced controversy throughout its history, has yet to apply for an e-money license.

The Role of Institutional Adoption

In 2025, the cryptocurrency market may find itself at a crossroads. If the bulls are right, the industry could see substantial growth, with more institutional investment, regulatory clarity and real-world use cases for cryptocurrencies

However, if the bears prevail, we may witness a volatile market, regulatory crackdowns and a continued struggle to overcome the technology’s shortcomings.

The bullish optimism surrounding institutional adoption is one of the strongest driving forces. In 2025, financial institutions, banks and even central banks are expected to play a significant role in legitimizing cryptocurrencies.

 Global financial giants are already eyeing blockchain for solutions like cross-border payments and settlement systems, providing liquidity for crypto markets and solidifying their utility in traditional finance.

Stablecoins — digital currencies pegged to traditional assets like the U.S. dollar — are likely to become a common mode of transaction. With major players in FinTech, like PayPal and Visa, already integrating cryptocurrencies into their platforms and experimenting with stablecoins, real-world use cases could soon be as easy as tapping a credit card.

The Bearish Argument: Volatility, Regulatory Shadows

Perhaps the biggest concern for crypto’s future is government regulation. The lack of clear rules around cryptocurrencies has been a major deterrent for mainstream adoption.

PYMNTS covered on Nov. 25 how cryptocurrencies, and more specifically their underlying blockchain technologies, have gone from a solution in search of a problem to a solution in hopes of some regulatory clarity. Of course, that clarity may come when cryptocurrency companies and other firms embrace and invest in, rather than resist, appropriate guardrails for their industries.

The dynamic situation at home in the U.S. has even led to people like venture capitalist Marc Andreessen arguing that banks are cutting ties with customers on the political right, or with industries such as the cryptocurrency sector.

Writing about the issue earlier this month, PYMNTS argued that while Andreessen’s claims might resonate with the frustrations held by many corners of the cryptocurrency and FinTech sectors, the reality could be far more nuanced than a political assault on those industries.

“After all, innovation typically moves faster than regulation, and the growing strain between traditional banks and future-fit FinTech and crypto firms can also be in part chalked up to the inevitable consequence of outdated regulatory frameworks, stricter know your customer (KYC) and anti-money laundering (AML) standards, as well as heightened fraud risks,” that report said.

@ Newshounds News™

Source:  Pymnts

~~~~~~~~~

WESTERN MARKETS LOSING THEIR GRIP ON GOLD & SILVER

Precious metals expert Peter Grandich warns of Western markets losing their grip on gold and silver, with Asia emerging as the dominant force.

In a recent interview by Liberty and Finance, renowned precious metals expert Peter Grandich discussed the shifting dynamics of the global gold and silver markets. Grandich, a seasoned investor with decades of experience, highlighted the diminishing influence of Western markets like London and New York, asserting that "Asia is becoming the center for Metals trading... Europe particularly London and New York as each day goes by is becoming less and less of a force."

This shift, he argued, could have profound implications for market volatility and price discovery. "The difference is there are serious physical buyers of it [gold], not these paper pushers that have existed in London and New York," Grandich emphasized. He further noted that the decline of Western dominance could lead to reduced market manipulation and increased price stability in the long run.

Bullish on Gold, Cautious on Silver

Grandich maintained a bullish outlook on gold, predicting a potential price target of $3,000 per ounce in 2025. He attributed this bullish sentiment to continued central bank buying and the potential for increased mainstream investor interest. However, he cautioned that a correction, potentially reaching $2,300, could occur in the short term.

Regarding silver, Grandich acknowledged its strong fundamentals but expressed concern over its persistent inability to decouple from gold's price movements. He believes that silver needs to break above the $35-$36 per ounce level to establish its momentum.

Geopolitical Uncertainty and the US Dollar

Grandich highlighted the potential impact of geopolitical uncertainty and the weakening US dollar on precious metals prices. He emphasized that the rising national debt and the ongoing trade war could weaken the dollar's strength, bolstering the appeal of gold as a safe-haven asset.

Beyond market predictions, Grandich stressed the importance of sound financial planning, emphasizing the need for individuals to prioritize cash flow management and reduce reliance on debt. "Less is more," he stated, emphasizing the importance of living within one's means and minimizing financial risk.

@ Newshounds News™

Source:  The Jerusalem Post

Watch:  Youtube

~~~~~~~~~

THE CONSTITUTION CALL

Invite a Study Buddy to learn who you are, your status, and the Constitution.  Make it fun learning our history.  See the Constitution and the new financial system connect with Nesara.  Listen live tonight and ask questions.

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Friday Nights: 5:00 Pacific, 7 :00 Central, 8 EST

@ Newshounds News™

Previous Calls:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Thank you Dinar Recaps

“News and Views” From KTFA Members 1-3-2024

KTFA:

Clare:  Mr. Al-Hakim: We will not allow anyone who wants to bring back the days of conflict, and Iraq today is stronger with its forces and its mobilization.

1/3/2025

The head of the National State Forces Alliance, Mr. Ammar Al Hakim, confirmed his rejection of attempts to return Iraq to “disagreement and conflict.”

In his speech at the mass gathering in Najaf on the anniversary of the martyrdom of the Martyr of the Mihrab, Grand Ayatollah Sayyid Muhammad Baqir al-Hakim {may his secret be sanctified}, Mr. Al-Hakim said: “There will be no compromise on the security and stability of our country, and we will not allow anyone who wants to return the scene to the days of disagreement and conflict and to play on the feelings and unity of the Iraqis.

Iraq today is stronger with its men, government, leaders, army, federal police, crowd, Peshmerga, and all branches of our armed forces, which are rising with the arms of its zealous sons.”   LINK

Clare:  In support of Mr. Al-Hakim’s proposal.. Advisor to Al-Sudani: Iraq strengthens its sustainable economic partnerships

1/3/2025

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, announced that the current Iraqi government seeks to strengthen sustainable economic partnerships with major countries.

Saleh told {Euphrates News}: "Iraq has left behind the legacy of isolation and regional and international conflicts since 2003, and our country is currently experiencing a very high level of stability with the international economic community and building economic relations that achieve common interests, led by openness to an international strategic investment environment based on the path of development, which is led by central infrastructure in improving transportation, energy and port networks."

He added, "In addition to establishing free industrial and economic zones to attract real foreign direct investment with high added value." 

Saleh continued, "Also, continuing the strength of traditional trade tributaries, especially in crude oil trade and traditional trade, will remain important factors in building our country's interests with the world, by dealing with Iraq's international partners, led by major friendly countries, namely India, Turkey, China, Korea, the United States, Japan, and sister and friendly countries such as the Emirates, Saudi Arabia, Iran and the rest of the neighboring countries."

The head of the National State Forces Alliance, Mr. Ammar al-Hakim, stressed during his speech at the mass gathering in Najaf on the anniversary of the martyrdom of the Martyr of the Mihrab, Grand Ayatollah Sayyid Muhammad Baqir al-Hakim {may his secret be sanctified} that combating corruption, establishing security, and building a balanced economy are our gateway to building a strong state, while calling for striving through Iraq to establish long-term economic ties and common interests that our peoples and the peoples of our Arab and Islamic region enjoy.

Mr. Ammar al-Hakim also stressed the importance of focusing on reconstruction projects, economic development, and increasing investments in the country. Raghad LINK

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

Clare:  Iraqi Central Bank Streamlines International Transfers

2nd January 2025   By John Lee.

The Central Bank of Iraq (CBI) has announced the successful transition of external transfers from an electronic platform to direct operations by Iraqi banks through their international correspondent banks.

According to a CBI statement, this milestone, fully achieved at the end of December, aligns with global best practices, promoting a stable and secure financial system.

Key highlights include:

Modernisation Journey: Transfers evolved from a currency sale window to an electronic platform and now to correspondent banking systems.

Diverse Currency Support: Iraqi banks can now enhance balances with correspondent banks using various currencies, including USD, INR, CNY, EUR, AED, SAR, and JOD.

Global Integration: The system improves efficiency and aligns Iraq's financial operations with international standards, boosting regional and global financial relationships.

Investment and Trust: This achievement strengthens Iraq's appeal for investment and enhances international financial confidence.

The CBI attributed this progress to extensive technical planning, governmental support, and the contributions of its staff, Iraqi banking institutions, and international partners.

The bank reaffirmed its commitment to fostering good governance, compliance, and anti-money laundering measures, further solidifying Iraq's financial system.

(Source: CBI)   LINK

Clare:  Government Advisor: Monetary Stabilization Mechanism Will Maintain Financial Stability in the Country

1/3/2025  Baghdad - WAA - Amina Al-Salami, 

the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the Central Bank has adopted the monetary reinforcement mechanism to feed the national banks' requests for foreign currency, indicating that the monetary reinforcement mechanism will maintain financial stability in the country.

Saleh told the Iraqi News Agency (INA) that "the function of the Central Bank will continue to move in two directions: the first is to meet the needs of national banks for foreign currency with their correspondents, which confirms that the new monetary reinforcement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the monetary sterilization policy that is concerned with controlling the levels of local liquidity by exchanging foreign currency for the dinar"

Noting that "the new monetary reinforcement mechanism will maintain a fixed exchange rate of 1,320 dinars for every dollar, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through what is called the monetary transmission mechanism to achieve intermediate or real long-term goals in achieving stability in the general price level or reducing growth in inflation rates, and this comes in conjunction with the stability of the exchange rate and the growth of the money supply to achieve stability in the general price level."

Saleh added that "the second trend is to provide foreign currency to correspondents of national banks in order to facilitate the stability of the real supply of basic goods and services flowing into the domestic market with high fluidity, and to make compliance control of foreign currency transactions on two levels: national through the Anti-Money Laundering and Terrorist Funds Office, and external through the role of correspondent banks that undertake the task of auditing compliance issues."  LINK

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

David:  the new monetary reinforcement mechanism will maintain a fixed exchange rate of 1,320 dinars for every dollar.   I’m not sure that’s the news we wanted to hear. 

BLKFish:  How's that possible with them issuing lower notes?

BMS32:  IMO They may be saying the 1320 rate sort of how Kuwait said they weren't going to do anything any time soon with their currency and then ended up changing their rate. I have been seeking the bad news that would be similar to Kuwait and this seems pretty similar to that! Bring on the bad news! Remember, IMO, Sudani said they would have the strongest currency (or something along those lines) - 1320 is weak sauce..

Clare:  SALEH IS TALKING ABOUT THE RATE RIGHT NOW AND HE IS NOT THE ONE THAT WILL ANNOUNCE THE NEW RATE. IMO

Calls for a Great Debt Reset, the Coming Jubilee

Calls for a Great Debt Reset, the Coming Jubilee

Michael Cowan:  1-2-2025

The global financial landscape feels increasingly precarious. From soaring national debts to crushing household burdens, many are struggling under the weight of obligations they can barely manage.

In such times, whispers of radical solutions emerge, often echoing ancient concepts.

One such concept gaining traction is the idea of a debt jubilee – a large-scale forgiveness of debts, a reset button for the global economy.

Throughout history, jubilees, as envisioned in ancient religious texts, were designed to restore balance and alleviate the burden on the poor. The modern interpretation, though not always religiously motivated, centers on the same principle: a widespread and decisive act of debt forgiveness to address systemic financial imbalances.

But what would this look like in the 21st century, and what are the potential benefits and pitfalls?

The concept of a debt jubilee remains controversial, debated fiercely by economists, policymakers, and the public. While it presents a potentially transformative solution to deep-seated financial imbalances, the risks are considerable.

Whether a modern jubilee is truly around the corner, or whether it remains a radical idea on the fringes, remains to be seen. However, the conversation itself highlights the growing urgency to address the systemic issues that contribute to our current debt crisis.

As the world grapples with the legacy of an increasingly interconnected and financially volatile system, the idea of a debt reset, in some form, will likely continue to gain momentum. The crucial question is not if we need significant change, but how we can achieve a more sustainable and equitable financial future for all.

Watch the video below from Michael Cowan for further insights and information.

https://youtu.be/P7MK4DkrisA

Coffee with MarkZ and Mr. Cottrell. 01/03/2025

Coffee with MarkZ and Mr. Cottrell. 01/03/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Morning Everyone !!! It's Friday!

Member: the first Friday of the new year….the first weekend of the new year

Member: Morning Mark and Mr.C hope that you will have some good news for us today.

MZ: Historic Bond news is still mostly MIA. I did get 2 check ins and both have said they expect their funding on the 7th. Most have previously said between the 2nd and the 9th. I think we are under way and watching the roll out.

Member: Trumps presidential certification is on Jan 6th…Maybe they are waiting on that???

Member: Mark…were these bond contacts who are receiving funds on the 7th the same bond guys who went to Zurich a few days ago? Wondering if they did their paperwork and their money is just liquid on 7th.

Member: Rumor: The new recalculated dinar rate was given to the US Treasury. The United States has been paid in full by Iraq. The US has lifted all remaining sanctions  on Iraqi banks

MZ: That is certainly the rumor floating out there. I am trying to pin it down 100% so we sll feel good about it.

Member: Frank 26 saying Iraq is in DC and paid the United States of America

Member: I read that Iraq was in Washington yesterday or Wednesday, and met with Treasury and Trump.! Made sure we were paid, for our part ,you know the 35 Billion !!!

MZ: That’s the rumor….pinning it down has been tough.

Member:  Last night Bruce said everything was cleared to go and notifications should be launched out this weekend

Member: IMO-it's been known for some time by the PTB that Iraq would go from rags to riches due to their many resources and the war's end and would be the savior if the world's economies.

Member: Iraq has 3 days to tell forex once they change it. This is what I heard.

Member: Where will the new rate show first?

MZ: Good Question . If it follows in Kuwaits footsteps –it will quietly be released. Maybe people will do some exchanging and then it will show publically on forex. But, In today’s world and the speed of the internet- my guess is we will all see it at the same time …You guys will probably hear it first from folks like me and then we will be able to look at it …That’s my opinion.

Member: The Kuwaiti government announced the revaluation of the Kuwaiti Dinar on March 24, 1991

Member: If we go first before the general public –it would possibly  show on Forex for the public  shortly after?

MZ: “ Central Bank adopts monetary strengthening mechanism to ensure financial stability in Iraq”  This is now going through the banking system.  Its goal is to stabilize exchange rates and ensure monetary supply to stablalize growth in the long term.

Member: Al Saadi  to the Maalouma agency , “the platform was a form of control imposed by US Federal Reserve and its cancellations allows Iraq to return to the banking system that was in effect before 2003”

MZ: A much more modernized of that banking system…but that is correct.  My best contact who I trust due to the position he holds in Iraq….says de-dollarization is under full steam and they expect a new rate within a week or so .

Member: My sister assisted in the forming of their new government Constitution. My brother told me to buy and hold dinar! My sister said it would revalue once all agreed debts were paid!

MZ: This article is about Syria – but its published in Iraq: “ Will deleting zeros end the collapse of the Syrian Pound?”  A key piece is they state they need 20 years to recover from the effects of the war. But economists believe that strengthening the national currency may not take 2 decades and they may reach that goal within 5 years. They may as a first step delete zeros from their currency

MZ: its been a little over 20 years since the fall of Saadam Hussein in Iraq……very interesting.

Member: I will be glad when this finally goes. I will graduate from crazy weirdo to eccentric millionaire ...

Member: This could be our last weekend broke family!!

Member: Hope everyone has a great day today!

Member: Hope everyone has a beautiful safe and healthy New Year.

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.

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

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

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

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

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

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

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

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

https://www.youtube.com/watch?v=c9meAuQ_HEI

Seeds of Wisdom RV and Economic Updates Friday Morning 1-3-25

Good Morning Dinar Recaps,

RIPPLE XRP NEWS: CEO BRAD GARLINGHOUSE ‘EXCITED’ FOR 2025 AND REAL-WORLD UTILITY

▪️Brad Garlinghouse expressed his enthusiasm for 2025 on X, highlighting the increasing momentum and greater focus on real-world utility.

▪️Ripple made considerable strides in reshaping the financial landscape by forging new partnerships with major financial institutions throughout the year.

Ripple CEO Brad Garlinghouse has shared his palpable excitement about the potential developments expected in the year 2025, a pivotal moment that could redefine the cryptocurrency landscape.

 He foresees substantial growth for Ripple and a broader transformation in the financial ecosystem as it increasingly embraces digital assets and blockchain technology, with a growing emphasis on real-world utility.

Apart from Brad Garlinghouse’s optimistic outlook, the XRP Army is equally enthusiastic about the prospects for XRP in the current year. A key catalyst for this optimism is the anticipated approval of an XRP-related Exchange-Traded Fund (ETF) by the SEC, which many believe could significantly boost XRP’s legitimacy and market appeal.

Furthermore, the prospect of pro-crypto leadership under a Donald Trump presidency, alongside appointments such as Paul Atkins as the incoming SEC Chair, Scott Bessent as Treasury Secretary, Billy Long overseeing IRS commissions, and David Sacks in the newly created role of AI and Crypto Czar, signals a promising shift towards a more favorable regulatory environment for digital assets.

Additionally, the long-awaited settlement of the SEC lawsuit against Ripple, a legal battle that has cast a shadow over XRP’s potential, is viewed as a hopeful turning point. Together, these developments suggest not only a brighter future for Ripple but also for the broader cryptocurrency market.

Ripple 2024 Highlights

In 2024, Ripple marked a series of significant milestones that reinforced its mission to transform the financial landscape. The year began with a partnership with EasyA to launch an educational program aimed at teaching over 750,000 developers how to utilize smart contracts on the XRP Ledger. This initiative bolstered Ripple’s commitment to fostering community engagement and innovation.

Ripple also collaborated with SBI Group and HashKey DX to develop customized solutions on the XRP Ledger, with SBI becoming the first Japanese corporation to implement these blockchain solutions in supply chain finance. 

A pivotal moment came in February when Ripple acquired Standard Custody, bringing it closer to securing a coveted U.S. charter and solidifying its presence in the U.S. market.

The announcement of a partnership with Clear Junction in June highlighted Ripple’s dedication to enhancing cross-border payment capabilities with European banks, adding credibility to its operations.

Lastly, Ripple introduced its stablecoin, RLUSD, fully backed by U.S. Treasuries, bank deposits, and cash equivalents through a New York Department of Financial Services (NYDFS) trust charter. Potential applications for RLUSD include cross-border payments, corporate treasury functions, decentralized finance (DeFi), and trading collateral, along with the advantage of over 90 global payout markets.

These strategic initiatives contributed to XRP’s impressive rise from $0.62 at the start of the year to an all-time high of $2.89 by December 3, with current pricing at $2.40. As we begin this new year, market sentiment remains cautiously optimistic as investors keep a close eye on Ripple’s trajectory and regulatory developments.

@ Newshounds News™

Source:  Crypto News Flash

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X MONEY TO SUPPORT CRYPTO AT LAUNCH? BEST WALLET COULD BE THE MISSING LINK

The imminent debut of Elon Musk’s X Money, also known as X Payments, is sparking widespread speculation.

Theories surrounding the payment platform are swirling after X CEO Lindas Yaccarino confirmed on New Year’s Eve that it’ll launch in 2025 alongside X TV and Grok.

According to American entrepreneur Alex Finn, leaked code recently suggested it’ll be launching imminently – possibly even today.

What’s more, it might only be available in 39 US States initially, where X Money’s backbone, X Payments LLC, has secured regulatory approvals.

X Payments to Include Crypto?

At its core, X Money will enable users of X (formerly Twitter) to tip content creators.

With financial incentives enabled by X Money, creators might be more inclined to produce richer content that enhances X’s offerings – especially those who aren’t reliant on conventional ad revenue models.

The platform’s exact details have not yet been disclosed. Yet, Finn announced it’ll support crypto in a self-hosted X space.

There’s surging suspicion that X Money will support Bitcoin ($BTC) and Dogecoin ($DOGE), owing to Musk’s already accepting $DOGE payments at Tesla. Musk also holds $1.1B $BTC for his $1.19T supercar company.

Considering Elon Musk’s Web3 advocacy, crypto and even meme coin support wouldn’t come as a surprise.

Supporting crypto could also provide huge user benefits, owing to its decentralized nature and speedy processing times. As one X user commented in response to Finn’s post, “No permission needed, no holding back, just pure opportunity.”

Best Wallet Could Streamline X Money

Using a reliable crypto wallet like Best Wallet will be an essential accessory for those interested in Musk’s payment platform. That’s because you need a good wallet for your crypto before you can use it to tip anyone.

Best Wallet is on track to attract 40% of the 11B non-custodial wallet market by 2026. It sets itself apart from competitors like MetaMask owing to its unwavering support of presale projects and 60+ blockchain networks.

Best Wallet’s multi-blockchain support and user-friendly functionality should meet X Money payment requirements.

Another perk is its off-ramping function. Users can easily convert crypto into 100 fiat currencies (including $GBP, $USD, and $EUR) in their bank accounts. This means content creators being tipped in X Money can easily convert their funds into real-world currency for everyday spending.

For just $0.023375, $BEST token buyers can join the crypto wallet token project and have a say in the Best Wallet ecosystem’s future. Given the radical disruption changes to the game that launches like X Money pose, it’s no wonder Best Wallet’s presale has already raised over $6.2M.

However, this isn’t financial advice. Be sure to always do your own research before making any bold investment choices.

@ Newshounds News™

Source:  Bitcoinist

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XLM NEWS TODAY:

XLM'S SHOCKING POTENTIAL EXPOSED IN X'S NEW PAYMENT SYSTEM

Could Stellar be the underlying network of X's new payment system?

@ Newshounds News™

Source:  Youtube

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