Iraq Economic News and Points to Ponder Sunday AM 1-12-25

 Iraq's Missing Money...Dubai Is Indicted: Smuggling Is Still Continuing And Trump Is Coming 

Economy | Yesterday, | Baghdad today – Baghdad Representative Baqir Al-Saadi revealed today, Saturday (January 11, 2025), that  Dubai has become the largest point for smuggling Iraqi funds abroad, 
pointing out the involvement of individuals, money changers, and banks in these operations. Al-Saadi said in an interview with "Baghdad Today",

 "The smuggling of money from Iraq is still continuing in various forms, whether by  individuals or
 banking companies, in addition to the involvement of   some banks that use remittances as a means of transferring money in a way that raises major question marks."

He added, "Dubai has become the largest destination for this money, with clear indicators observed during the recent period confirming the involvement of some banks in facilitating smuggling operations." Al-Saadi confirmed that
 
“the Iraqi Parliament, through its oversight duties, is following up on many files related to this matter, some of which are under investigation in coordination with the competent regulatory authorities,” noting that
 
“the Central Bank of Iraq suspended the activity of 10 banks due to suspicions about smuggling money outside the country in illegal ways.” Comply with established instructions and controls. Al-Saadi explained,
 
"The money smuggling file is very complex, despite a series of measures taken by the Central Bank, including coordination with the US Treasury Department, which imposed sanctions on some of the banks involved." He pointed out that
 
"smuggling operations depend on complex routes and routes, which makes controlling them a major challenge," stressing that
 
"there are important investigations underway that may yield tangible results during the coming period." Al-Saadi concluded by saying,
 
"Efforts are continuing to uncover the facts and hold those involved accountable, but 
combating this thorny issue requires more time and strict measures."
 
It is noteworthy that US President-elect, Donald Trump, has stated more than once that he will deal firmly with the issue of protecting the dollar in the world, especially with countries that have admitted their involvement in currency smuggling and money laundering, such as
 
Iraq, which the Trump team believes tolerates currency and oil smuggling operations.    
  
https://baghdadtoday.news/265657-أموال-العراق-المفقودة.-دبي-في-دائرة-الاتهام-التهريب-لايزال-مستمرا-وترامب-قادم.html

International Banking Day

Economical 01/12/2025  Muhammad Sharif Abu Maysam  At the end of the year 2019, the United Nations approved International Banking Day, which is held on December 4 of each year. According to its organizers,
 
it aims to shed light on the important role that banks play in financing sustainable development, by providing financing, technical advice, and assistance in implementing projects.
 
Which promotes poverty eradication, reducing inequality and combating climate change.
 
Based on this goal, the following question can be asked:
 
     Have they contributed, and
 
     do local banks contribute, to financing sustainable development, and
 
     what are their contribution rates in implementing projects that promote the eradication of poverty and the reduction of inequality in light of the total of their capital, deposits and reserves?
 
Did it exercise the role for which it was found after its capital had matured by establishing this role through overnight investment and the currency auction, from ten billion dinars according to Iraqi Banking Law No. 94 of 2004 to about 450 billion dinars, as in the instructions of the Central Bank, which recently stipulated this minimum ceiling for the work of any... A bank in the Iraqi banking arena by the end of this month
 
Meaning that the bank that started with ten billion dinars in the years following 2004 has or will have 450 billion dinars at the end of this month, otherwise it will be subject to merger or cancellation, and
 
this is thanks to the monetary policy that was followed in order to support the Iraqi banking sector and make it a sector qualified to deal with... International banks and banking according to what the global banking industry has reached, and in a way that makes it capable of introducing modern banking technologies and programs to complete financial exchanges and trades with countries of the world.
 
In return, what is required of local banks to offer now in light of the economic transformations the country is witnessing?
 
“Governmental and private” banks have made an effective contribution to turning the wheel of the economy over the past years, despite the many comments surrounding their work,
 
but some of these banks did not live up to the level of support they received, and 
others were preoccupied with achieving more profits at the expense of their development duties.

This is evident in the movement of money that flows through the daily currency auction with the aim of achieving more profits under the pretext of financing foreign trade in exchange for lower credit rates, which indicates the desired goal of creating these banking institutions whenever their rates rise.
 
While the deposit rates of many of these banks are declining due to the lack of attention to the  
focus of attracting customers and restoring confidence with the public, with the aim of
 
     withdrawing the cash mass and
     circulating it in credit operations, and then
     contributing to development processes,
     promoting the eradication of poverty, and
     reducing inequality, and   this is what is required.    https://alsabaah.iq/108366-.html 

Expectations For The Performance Of The Largest Arab Economies In 2025.. What About Iraq? 

2025-01-10 | Source: Al Jazeera Net  1,780 views  Alsumaria News - Economy A state of economic uncertainty continues in the world, including Arab countries , but there is optimism about economic performance in 2025 compared to last year, according to the expectations of the International Monetary Fund and the World Bank.
 
Last April, the IMF warned of “the increasingly prevailing state of uncertainty in light of the
 
     ongoing conflicts, the
     disruption of shipping traffic, and the
     decline in oil production,” and thus
 
“an uneven recovery has begun to emerge, with the pace of growth varying this year across East the Middle and Central Asia.”.
 
Last October, the World Bank published its “Economic Observatory for the Middle East and North Africa” report, which included expectations for GDP growth for countries in the region in 2025, in addition to many other indicators.
 
In terms of numbers, specialized websites collected the forecasts of the two international institutions and were as follows:
 
Saudi Arabia
 
Expectations of real GDP growth in the Kingdom for the year 2025 were 4.9%, compared to 1.6% in 2024, compared to a contraction of 0.8% in 2023, and compared to a growth of 7.5% in 2022.

As for the growth expectations of real GDP per capita for the year 2025, it was 3.5%, compared to 0.2% in 2024, compared to a contraction of 2.2% in 2023, and compared to a growth of 6.1% in 2022.
 
The World Bank's inflation forecast was 2.3% in 2025, compared to 2.1% in 2024.
 
The bank added, " Saudi Arabia is suffering from a public finance deficit, and it is expected that the deficit in the Kingdom will remain stable at 2% of GDP due to the decline in oil revenues and the expansionary public finance policy."
 
Qatar
 
Real GDP growth expectations in Qatar for 2025 reached 2.7%, compared to 2% in 2024, 1.2% in 2023, and 4.2% in 2022.
 
Expectations of real GDP per capita growth in 2025 were 1.2%, compared to 2.3% in 2024, compared to a contraction of 3.1% in 2023, and compared to a contraction of 4.5% in 2022.
 
The World Bank’s expectations for the public finance balance of GDP for the year 2025 were 4.6%, compared to 4.2% in 2024, 5.6% in 2023, and 10.4% in 2022.
 
The report expected inflation in 2025 to reach 1.9%, compared to 1.3% in 2024.
 
Egypt
 
The World Bank expects the real GDP growth rate for the year 2025 at 3.5%, compared to 2.5% in 2024, 3.8% in 2023, and 6.6% in 2022.
 
Expectations of real GDP per capita growth in 2025 were 1.9%, compared to 0.9% in 2024, 2.2% in 2023, and 4.9% in 2022.
 
The World Bank’s expectations for the proportion of the public finance balance to GDP in 2025 were about -7%, compared to -3.6% in 2024, -6% in 2023, and -6.2% in 2022.
 
The report expected inflation in 2025 to reach 17.2%, compared to 33.6% in 2024.

Morocco
 
Real GDP growth expectations in Morocco for 2025 were at 3.9%, compared to 2.9% in 2024, 3.4% in 2023, and 1.5% in 2022.
 
Expectations of real GDP per capita growth in 2025 were 2.9%, compared to 1.9% in 2024, 2.4% in 2023, and 0.5% in 2022.
 
The World Bank’s expectations for the proportion of public finance balance to GDP in 2025 were -3.8%, compared to -4.2% in 2024, -4.4% in 2023, and -5.4% in 2022.
 
The report expected inflation in 2025 to reach 2.7%, compared to 1.5% in 2024.
 
Algeria
 
Real GDP growth expectations in Algeria for the year 2025 were at 3.8%, compared to 3.1% in 2024, 4.1% in 2023, and 3.6% in 2022.
 
Regarding the growth expectations of real GDP per capita for the year 2025, it was at the level of 2.4%, compared to 1.6% in 2024, 2.5% in 2023, and 1.9% in 2022.
 
The World Bank’s expectations for the proportion of the public finance balance to GDP were -9.9% for the year 2025, compared to -9.8% for the year 2024, -5.2% for the year 2023, and -3% for the year 2022.
 
The report expected inflation in 2025 to reach 4.9%, compared to 4% in 2024.
 
The UAE
 
Real GDP growth expectations in the UAE for the year 2025 were at 4.1%, compared to 3.3% in 2024, 3.2% in 2023, and 7.9% in 2022.
 
Growth expectations for real GDP per capita in 2025 were 3.4%, compared to 2.5% in 2024, 2.4% in 2023, and 7% in 2022.
 
The World Bank's expectations for the proportion of public finance balance to GDP in 2025 were 4.7%, compared to 4.9% in 2024, 5.1% in 2023, and 10.8% in 2022.
 
The report expected inflation in 2025 to reach 2.1%, compared to 2.2% in 2024.
 
Jordan
 
Real GDP growth expectations in Jordan for the year 2025 were at 2.6%, compared to 2.4% in 2024, 2.7% in 2023, and 2.6% in 2022.
 
Growth expectations for real GDP per capita in 2025 were 2.1%, compared to 1.9% in 2024, 2.2% in 2023, and 1.4% in 2022.
 
According to the World Bank’s expectations for the proportion of the public finance balance to GDP in 2025, it is likely to be -5%, compared to -5.3% in 2024, -5.1% in 2023, and -5.6% in 2022.
 
The report expected inflation in 2025 to reach 2.2%, compared to 2% in 2024.
 
Iraq
 
Real GDP growth expectations in Iraq for 2025 were 4%, compared to -0.9% in 2024, -2.9% in 2023, and 4.7% in 2022.
 
The World Bank expects the growth of real GDP per capita in 2025 to be 1.7%, compared to a contraction of 3% in 2024, a contraction of 5.1% in 2023, and a contraction of 2.4% in 2022.
 
The World Bank’s expectations for the proportion of public finance balance to GDP in 2025 were -7.4%, compared to -5.3% in 2024, 0.9% in 2023, and 14.1% in 2022.

The report expected inflation in 2025 to reach 3.3%, compared to 3.7% in 2024.    
  
https://www.alsumaria.tv/news/economy/512427/توقعات-أداء-أكبر-الاقتصادات-العربية-في-2025-ماذا-عن-العراق؟ 

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 1-12-25

Good Morning Dinar Recaps,

BRICS PAY: IS 2025 NOW OR NEVER FOR ALLIANCE PAYMENT SYSTEM?
Despite the project first being announced as part of the 2024 summit, BRICS Pay has failed to make a significant impact as 2025 arrives. With the economic alliance continuing its de-dollarization efforts and US President-elect Donald Trump issuing a start 100% tariff warning, it appears like it may be now or never for the payment system.

For the past two years, the bloc has sought alternative payment methods to help defend against Western economic dominance and imposed sanctions. 

Although BRICS has made some progress, it certainly has not been able to challenge the US dollar in any significant way. Now, all eyes are on the importance of 2025 for one of its most important economic plans.

BRICS Pay Faces Critical Year Amid Rising Geopolitical Turmoil

For the last two years, the BRICS bloc has mobilized in a way that has sent ripples through the globe. First formed in 2001, the bloc expanded for the first time in 2023. Now, two years later, it has already doubled its member count while welcoming a secondary tier of partner nations.

However, although its presence has grown, so too have its challengers. With the incoming presidential administration not content to allow the bloc to grow unchecked, the BRICS Pay platform and the group’s de-dollarization efforts look like they’re now or never entering 2025.

US President-elect Donald Trump has recently issued 100% tariff threats on the BRICS alliance specifically. This has greatly affected the bloc and its growth prospects.

 Although the previous administration allowed its efforts to go unchecked, nations seeking to join the group must now grapple with concerns regarding Western retaliation.

Moreover, for all that BRICS has attempted over the last year, the US dollar remains unchallenged. More importantly, it has emerged stronger compared to a plethora of alliance currencies. The greenback has appreciated more than 5% since the start of the year, with the Chinese yuan and Indian rupee falling significantly since the start of the year.

Ultimately, the BRICS Pay platform was the alliance’s “step towards a multipolar global economy,” Ramesh Vaidyanathan of the IBA Asia Pacific Regional Forum said. “It could also increase competition between the Western and Eastern economic models, with long-term geopolitical implications,” he warned.

Altogether, BRICS Pay has thus far failed to live up to expectations. With Donald Trump eager to protect the greenback, its road to de-dollarization looks more treacherous than ever. It is now or never for the alliance payment system, indeed.

@ Newshounds News™

Source:  Watcher Guru

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RIPPLE’S $100,000,000 RLUSD MILESTONE SIGNALS STRONG 2025 OUTLOOK FOR XRP

▪️Ripple's RLUSD stablecoin sees $100M+ daily volume, aiming to dominate DeFi and global payments in 2025.

▪️Ripple's liquidity-driven RLUSD strategy focuses on DeFi, tokenization, and partnerships for rapid adoption.

Ripple has launched its new stablecoin, RLUSD, which is already seeing impressive trading volumes of over $100 million daily. Many are curious about how this move will impact XRP, and here’s what Austin, a former Ripple employee and co-founder of Omni Network, shared about Ripple’s strategy moving forward.

“Liquidity is a flywheel. The more trading activity an asset has, the more incentivized other exchanges will be to integrate that asset. This idea is foundational to every initiative driven by Ripple. How are they applying this concept to their $RLUSD strategy?”, he wrote on social media.

Ripple’s RLUSD Strategy Revealed

Austin King, who previously worked closely with Ripple’s co-founder David Schwartz shared details on Ripple’s approach to RLUSD.

According to him, Ripple’s strategy is focused on driving adoption of RLUSD using a liquidity-driven model. The more trading activity RLUSD generates, the more exchanges and traditional finance companies will be incentivized to integrate it.

Key Pillars of Ripple’s RLUSD Strategy

Liquidity Hub and Tokenization: Ripple aims to make RLUSD the go-to asset for real-world asset tokenization and liquidity. This will be critical for onboarding traditional finance companies, positioning RLUSD as a central hub in the financial ecosystem.

DeFi Dominance: Ripple plans to integrate RLUSD into decentralized finance (DeFi) protocols, including lending platforms, decentralized exchanges, and derivatives. The recent partnership with Chainlink to bring RLUSD to Ethereum-based DeFi protocols marks a significant step in this direction.

Leveraging Existing Partnerships: Ripple has a strong network of banks and fintechs through RippleNet. This existing infrastructure will be used to drive RLUSD adoption, making it easier for Ripple to introduce the stablecoin to its partners.

Austin believes that 2025 is set to be a huge growth year for Ripple and RLUSD, with stablecoins playing a central role in global payments.

FAQs

What is Ripple’s RLUSD stablecoin?
Ripple’s RLUSD is a stablecoin focused on liquidity-driven adoption, aiming to integrate into DeFi and traditional finance for tokenization.

Will RLUSD use XRP?
RLUSD may leverage XRP’s liquidity and Ripple’s infrastructure, enhancing cross-border payments and driving adoption through RippleNet.

@ Newshounds News™

Source:  CoinPedia

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NORTH DAKOTA EYES CRYPTO FOR TREASURY: COULD BITCOIN BE INCLUDED?

▪️North Dakota joins New Hampshire in exploring crypto investments for state reserves, aiming to diversify assets and combat inflation.

▪️Bitcoin’s market dominance positions it as a prime candidate, while tech-neutral policies reduce political resistance in crypto legislation.

@ Newshounds News™

Read more:  Crypto News Flash 

~~~~~~~~~

OKLAHOMA SENATOR PUSHES BITCOIN FREEDOM ACT FOR BTC PAYMENTS

▪️Oklahoma passed the Bitcoin Freedom Act, which permits state employees, businesses, and residents to make or receive payments in Bitcoin.

▪️The bill also provides for the voluntary acceptance of Bitcoin payments and some exemptions for digital asset companies from licensing.

@ Newshounds News™

Read more:  Crypto News Flash

~~~~~~~~~

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Thank you Dinar Recaps

6 Toxic Money Habits

6 Toxic Money Habits Dave Ramsey, Suze Orman and Other Experts Want You To Avoid

Brooke Barley   Sat, January 11, 2025  GOBankingRates

Getting better with money can be as simple as avoiding some behaviors that can wreak havoc on finances. Experts like Dave Ramsey and Suze Orman have built careers giving advice on how to manage money. They have made empires and helped others do the same.

Here’s what Ramsey, Orman and some of the other top money minds have said when it comes to money habits that need to be broken immediately.

Not Talking About Money

A big money mistake people make? Not talking about it at all. That’s according to Ramit Sethi, self-made millionaire and star of the Netflix show “How to Get Rich.” He’s explained in the past that if people aren’t being open about where their finances stand — at least with themselves — they won’t improve.

“How can you expect to get ahead if you’re not actually talking about money, either solo or with a partner?” he said on X. “Money is a regular topic in any financially successful household.”

Being Prideful, Greedy or Fearful

Radio personality and money expert Ramsey advised that pride, greed and fear will make a person broke. He backs this up by saying he’s been all three and lost money in the process. When describing pride, he said that it’s not worth spending money on things just to earn accolades or attention. “Would I buy this if no one ever saw it? That’s your test on the pride button,” Ramsey explained.

Earning money simply for the sake of it is greedy and Ramsey advised against that behavior. “You can have a money motivation to the exclusion of other things. But if your only button to push is money, that’s greed,” he said in an Instagram video clip.

Fear manifests as desperation according to Ramsey and he considers this the worst thing to be when it comes to money. “Just about twenty seconds later after I get desperate, I get stupid,” he added. “And right after I get stupid, I get broke, right?”

Not Questioning Your Family’s Money Philosophies

TO READ MORE:  https://www.yahoo.com/finance/news/6-toxic-money-habits-dave-230008050.html

“Bits and Pieces” in Dinarland Sunday AM 1-12-2025

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 Sun. 12 Jan. 2025

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

Judy Note:  Get Ready For Ten Days of Communication Darkness. The power to the entire World will switch off briefly to install our new Starlink Satellite Internet. Shutdowns will occur, but only in certain areas. Banks will close. ATMs and Credit Cards will stop working. Have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency. If you’re unprepared, don’t worry. The Military will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of Freedom and Justice.

Possible Timing:

On Wed. 15 Jan 2025 a 48-Hour Communication Blackout  (allegedly) will begin. There will be GCR GESARA Worldwide Wealth Redistribution while the depth of corruption will be revealed.

Three days later on Inauguration Day Mon. 20 Jan. 2025 ten days of Communication Darkness will (allegedly) begin. The new Star Link Satellite System will(allegedly)  show documentaries 24/7 to inform the public about the fall of the Cabal and it’s fiat US Dollar, independence for all 209 nations participating in the Global Currency Reset and the availability of(allegedly)  long hidden technologies including Med Beds.

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially (allegedly) commence, directly benefiting millions and marking the start of real community rebuilding efforts.

Global Financial Crisis:

Fri. 10 Jan. 2025: Breaking! The BRICS Alliance, NESARA GESARA and Quantum Financial System (QFS): The Deep State’s Greatest Fear Realized! – amg-news.com – American Media Group

Fri. 10 Jan. 2025: Breaking News: Ultimate QFS Security Guide – Protect Your Account with Quantum Encryption, Biometric Verification, UBI Insights, Age Policies & More! – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2025/01/12/restored-republic-via-a-gcr-update-as-of-january-12-2025/

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

Militia Man  The 2023, 2024, 2025 budget amendment looks to be on the table.  It was supposed to be read on Monday, it looks like it's slated for Sunday.  So powerful weekend...It looks pretty promising it really does.  

Walkingstick  [Iraqi bank friend Aki update]  AKI:  We are just sitting here waiting for the introduction of the new exchange rate that will come from the '25 budget.  We wait for the budget laws that will expose the budget and its components and the new rate...

Frank26  It used to be they would steal the money...through the auctions but now there is no more auctions.  The cash cow is dead and the security and stability is blossoming inside of Iraq because of the efforts of Sudani, and the United States Treasury...The black market was another powerful weapon they used to manipulate the exchange rate of the Iraqi currency...The black market rate is dropping.  It is dying...The black market does not feed the evil people anymore...

President of the Republic of Iraq finance

Nader:  1-12-2025

https://www.youtube.com/watch?v=ZMmH7lxFwkA

UK’s Assets Crash Just Sent a Massive Warning to the World - What It Means

Sean Foo: 1-11-2025

The UK is suffering from yet another historic bond market sell-off and a currency collapse. This is a result of the US dollar wrecking ball. But that doesn't mean the US economy is off the hook. The system is about to also wreck the US stock market as well as its hegemony in geopolitics.

Timestamps & Chapters:

0:00 UK Assets In Major Crisis

 3:03 Debt Collapse Hits Economy

 6:05 Global Market Sell-Off Begins

8:55 World Will Move Way From U.S.

 11:50 Expect Zero Rate Cuts In 2025

https://www.youtube.com/watch?v=12Xg5s54U4E

“Tidbits From TNT” Sunday Morning 1-12-2025

TNT:

Tishwash:  Economist: The Central Bank’s policy is moving towards globalizing Iraqi banks

Economic expert "Safwan Qusay" confirmed that the Central Bank's policy is moving towards globalizing Iraqi banks, while stressing that it will contribute to raising the status of these banks globally.

Qusay said in an interview: "The Central Bank's policy is moving towards consolidating the issue of globalizing Iraqi banks, and the process of ending dealings with the electronic platform will contribute to accepting local banks that have the ability to provide guarantees and international compliance conditions with international correspondent banks."

He added that "these correspondent banks can carry out the process of changing the Iraqi dinar to any global currency immediately, and for more than a million banks around the world, and there is a possibility to develop the performance of other banks in order to succeed in the international acceptance process, and there is still a possibility to import capital from different countries of the world and re-inject it into the local environment in the form of grants in different investment portfolios, and thus the possibility of achieving the goals of the Central Bank in the matter of development."

He pointed out that "the Central Bank will move from the issue of accepting local banks internationally to the issue of participating in the development process, and this will certainly contribute to achieving part of the government program's goals in employing the unemployed, and in forming productive Iraqi capital, especially since a portion of Iraqis own Iraqi dinars outside the banking system, and whenever we start the issue of convincing them to trust Iraqi banks, we will have new doors to operate this monetary mass."

He stressed that this step will contribute to raising the status of Iraqi banks globally, "meaning that they will succeed in the process of having a name in international financial transfer operations, and gradually confidence between banks will be strengthened, and there is what is called credit cover between Iraqi banks and international banks, and the level of confidence will be reflected in the credit cover."

He pointed out, "Whenever there are transfers and coverage at acceptable credit levels, this level may rise so that we succeed in the process of having Iraqi banks that are accepted internationally - and this is a step that does not exist - as Iraqi banks, especially public ones such as Rafidain and Rashid, have withdrawn from international financial transfers since the eighties of the last century."

Pointing out that "rehabilitating these banks, especially TPI Bank, can contribute to our having international acceptance for international correspondents for these banks." link

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Tishwash:  2025 budget is on the verge of legislation, and delaying the schedules will not stop the decision

Jamal Kojer, a member of the Finance Committee in Parliament, confirmed today, Saturday, that the 2025 budget schedules have not reached Parliament yet, but he stressed that the budget will be legislated during the current legislative session.

Kocher explained in a statement to {Euphrates News} that "the delay in the arrival of the tables will not affect the course of the budget legislation, indicating that the next legislative session will be quieter due to the preoccupation of the representatives with the elections, which will reduce their attendance at the sessions."

It is noteworthy that the financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in a press statement that Article 77/Second of the Federal General Budget Law No. 13 of 2023, which regulates the preparation of the three-year budget, stipulates that the government sends the budget tables for the years 2024 and 2025 to the House of Representatives for approval before the end of the previous fiscal year.

He added that the Ministry of Finance has announced that it is in the process of preparing the general budget schedules for the year 2025, in accordance with the constitutional mechanisms adopted by the aforementioned Triennial Budget Law.

Saleh noted that the federal general budget tables for the year 2025 will be based on the constants of Federal Budget Law No. 13 of 2024, taking into account international and regional economic conditions and their changes, in a way that ensures that the provisions of the budget tables for the year 2025 are adapted within the available legal texts, in addition to relying on the performance of the indicators of the general budget tables for the year 2024. link

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Tishwash:  Salaries are secured and a committee is following up on Kurdistan’s dues.. Details of hosting Taif Sami in Parliament

On Saturday, January 11, 2025, the head of the Finance Committee, Atwan Al-Atwani, revealed the details of hosting the Minister of Finance, Taif Sami, within the committee, while indicating that the minister confirmed securing the salaries of employees during 2025 .

Al-Atwani said in a press statement followed by the "Al-Jabal" platform, "Minister of Finance Taif Sami confirmed during her hosting within the Parliamentary Finance Committee that employees' salaries are secured through 2025."

He added, "We have formed a subcommittee to follow up on the Kurdistan Region's dues for the years 2024-2025," adding, "The committee will submit its report in the next Monday's session regarding amending Article 12 / Second / Paragraph C of the General Budget Law."

Earlier today, the Iraqi Parliament's Finance Committee held a meeting, hosting Iraqi Finance Minister Taif Sami, to discuss the issue of amending the country's general budget law and securing employees' salaries.

A source from within the parliamentary finance committee previously told Al-Jebel platform that “this meeting (with the Minister of Finance) was supposed to be held before the legislative recess, but the travel of senior officials from the Iraqi Ministry of Finance prevented that,” adding that “the finance committee will collect all information related to the subject during the meeting to later submit it to the Speaker of Parliament.” 

The Parliamentary Committee hosted the Minister at the Parliament headquarters to discuss with her the issue of amending the General Budget Law, which the Parliament is scheduled to conduct its first reading of next Monday, and securing the salaries of public sector employees for the year 2025.

The Iraqi Parliament is scheduled to hold a session on Monday, January 13, to discuss and read a set of proposed draft laws, including an amendment to the provisions of Iraq’s General Budget Law No. 13 of 2023.

The aforementioned amendment is related to the resumption of oil exports from the Kurdistan Region abroad.

Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, had previously stated to the Mountain Platform, “We conducted the first reading of the amendment and all that remains is the second reading and voting on it. All expectations are moving towards an agreement, and there is a political agreement as well as an international and regional agreement on the necessity of re-exporting Kurdistan’s oil at a rate of 400,000 barrels per day.”

He added, "The order to resume oil exports from the Kurdistan Region is still in place, through amending (Article 12, Paragraph/Second C) in General Budget Law No. 13 of 2023."

Oil exports from the Kurdistan Region to abroad via the Turkish port of Ceyhan were halted in March 2023, after the International Court of Arbitration in Paris issued a decision to adjudicate a lawsuit filed by Iraq against Turkey regarding (the illegality of exporting Iraqi oil from the port of Ceyhan without coordination with the Iraqi SOMO Company). According to official statements by officials, the losses of Iraq and the Kurdistan Region from stopping the export process exceeded $20 billion since last year. link

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Mot:  Legends Say that Hummingbirds ----

Mot: . I Figured It Out!!! 

More News, Rumors and Opinions Saturday PM 1-11-2025

KTFA:

Clare:  Parliamentary Finance hosts Taif Sami to discuss 2025 budget schedules and salary insurance

1/22/2025  Baghdad

Today, Saturday, the Parliamentary Finance Committee hosted the Minister of Finance, Taif Sami.

An informed source said, "The meeting will discuss the 2025 budget schedules and securing salaries."

He added, "The meeting will also discuss Article 12 of the 2025 Budget Law Amendment, which relates to resuming the export of Kurdistan Region oil and preparing the final draft of the amendment." LINK

Clare:  The House of Representatives discusses amending the Unified Retirement Law and the General Budget

1/11/2025

The Iraqi Council of Representatives is scheduled to resume its sessions tomorrow, Sunday, and the first reading of the draft amendment to the Federal Budget Law is on the agenda, as it proposes extending the retirement age for public sector employees to 63 years.

In this regard, Dr. Narmin Marouf, a member of the Parliamentary Finance Committee, said: “The first session of the first legislative term of the new year will be held on Sunday, as the agenda includes the first reading of the draft law amending the General Retirement Law No. 9 of 2014.”

Dr. Narmin Marouf added: “The main article to be amended in the law is Article 5 related to the retirement age, as the amendment proposes returning the retirement age for public sector employees to 63 years, as it was before the legislation of the aforementioned law, which reduced the retirement age to 60 years.”

The Council of Representatives is scheduled to hold another session on Monday 13/10, and its agenda includes 10 paragraphs, the most important of which is the second reading of the draft amendment to the Federal General Budget Law.

The amendment relates to Article 12 of the Federal Budget Law of the Republic of Iraq for the fiscal years (2023-2024-2025) No. 13 of 2023, and this article concerns the export of oil extracted from the Kurdistan Region through the Iraqi Oil Marketing Company (SOMO).

On 11/7/2024, the Presidency of the Iraqi Council of Representatives decided to extend its legislative term for 30 days, starting from November 9.  LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Parliament just announced the next session will include amending the budget.  It's on TV now...Sudani wanted this done by the 6th, no later than the 7th and now they're come out 3 days later saying okay, okay okay we're going to do it.  TV keeps going over the parliament plans on amending the investment budget in the next two sessions that are coming... FRANK:  If they truly do anything with the budge it will be exposing the new exchange rate.

Militia Man  Article "Explains the new mechanism for external transfers after the platform is closed"  Here again we're learning they've changed the dollar auctions to the new reinforcement mechanism ...That's why you're hearing people squeaking pretty loudly about pricing going up on the streets because they can't get the dollar...

Iraq's GDP to Increase Why This Matters for IQD Rate

Edu Matrix:  1-9-2025

Iraq's GDP to Increase Why This Matters for IQD Rate - Iraq is set to embark on a transformative $17 billion project to construct a rail line and motorway to Turkey, generating a promising 20,000 jobs for its citizens!

This development signals a bright future for IQD investors. Dive into the application of Okun's Law, revealing the crucial link between GDP and unemployment rates.

Explore Iraq's ambitious infrastructure projects, including the Central Bank Tower and Grand Al-Faw Port, recognized as top mega projects for 2025 by The B1M.

Meanwhile, BRICS is expanding with nine new partners, now representing half of the global population and a significant portion of the economy. Discover the implications of these shifts, including internal conflicts regarding a common currency.

https://www.youtube.com/watch?v=M2bPmjxogj8

Iraq Economic News and Points to Ponder Saturday Afternoon 1-11-25

 Economist: Electronic Financial Dealing Saves Iraq From The Scarcity Of Cash 

January 9 09:42  Information / Baghdad...  Economic affairs researcher Diaa Abdel Karim said on Thursday that the  shift towards electronic financial dealings and generalizing this to all government and private transactions will save the country from the scarcity of cash liquidity.

Abdel Karim told Al-Maalouma,  “Most of the countries of the world, and Europe in particular, have moved towards electronic financial dealing, so that society has created a culture of dealing with electronic cards in buying and selling in various sectors, and even with the decline of their economy, they will not suffer financially because their financial dealings are electronic".

 He added, "These transactions make it unnecessary for governments to print currency continuously, as this process is financially expensive, and
 
Iraq prints some denominations at home and other denominations of cash are printed abroad, and their
printing costs the financial value of this currency." He stated that
 
"the trend towards electronic dealing needs intensive education so that the cash mass is withdrawn from the street and dealing, especially with large sums, is transformed through electronic cards.
 
Thus, the citizen will not be forced to withdraw large sums of money from banks in order to buy a property or a car, etc., but rather will use His card in order to transfer money to the other party, which ensures the safety of financial dealings and does not waste the cash mass and remove it from the banking framework.” End25n    
  
https://almaalomah.me/news/87668/economy/اقتصادي:-التعامل-المالي-الالكتروني-ينقذ-العراق-من-شح-السيولة  

Economist: Electronic Financial Dealing Saves Iraq From The Scarcity Of Cash
 
    January 9 09:42  Information / Baghdad...  Economic affairs researcher Diaa Abdel Karim said on Thursday that the  shift towards electronic financial dealings and generalizing this to all government and private transactions will save the country from the scarcity of cash liquidity.

Abdel Karim told Al-Maalouma,    “Most of the countries of the world, and Europe in particular, have moved towards electronic financial dealing, so that society has created a culture of dealing with electronic cards in buying and selling in various sectors, and even with the decline of their economy, they will not suffer financially because their financial dealings are electronic"

 He added,  "These transactions make it unnecessary for governments to print currency continuously, as this process is financially expensive, and
 
Iraq prints some denominations at home and other denominations of cash are printed abroad, and their 
printing costs the financial value of this currency." He stated that
 
"the trend towards electronic dealing needs intensive education so that the cash mass is withdrawn from the street and dealing, especially with large sums, is transformed through electronic cards.
 
Thus, the citizen will not be forced to withdraw large sums of money from banks in order to buy a property or a car, etc., but rather will use His card in order to transfer money to the other party, which ensures the safety of financial dealings and does not waste the cash mass and remove it from the banking framework.” End25n    
  
https://almaalomah.me/news/87668/economy/اقتصادي:-التعامل-المالي-الالكتروني-ينقذ-العراق-من-شح-السيولة  

The Central Bank Of Iraq Sets The Rates For Banking Operations For Banks (Documents)
 
January 9, 2025  Baghdad/Iraq Observer
 
The Central Bank of Iraq set the rates for private banks’ operations.
 
Below are the documents:    
 
https://observeriraq.net/wp-content/uploads/2025/01/01379763-0096-4410-8a42-d375d4987b10.jpeg

https://observeriraq.net/wp-content/uploads/2025/01/e3cf277e-53ed-4598-a43c-ec42beb734cc.jpeg
  
https://observeriraq.net/البنك-المركزي-العراقي-يحدد-للمصارف-اس/    
 
 ~~~~~~~~~~
 
[approximate and incomplete translation of the two documents]
 
DATE: 2025/1/7  To/ all private banking banks
 
And/ banking price schedule
 
I look at the tables of the bank's banking processes
Prices and wages are available from you in exchange for providing Egyptian products and services for audiences and we take the opportunity to confirm some
The fundamental issues related to the protection of the public took into account the decision of the Board of Directors of feeding! Bank No. (7117) for 74 "1".
 
Gall The following:
 
«It is the responsibility of banks to adopt a reasonable pricing policy.
To provide digital services and products; In order to ensure raising levels
It is equal to all parties and is far from any prejudice or exaggeration with the rights of the vicinity.
 
2. The bank should mean displaying the commission, wage price and fees for the services and products it provides
For his Zayya »clearly, briefly, easy to understand, misleading, and announced in a way that can be accessed without color
And it will be coded at least on the official website of the bank and digital screens installed in the bank's halls
For customers ’waiting in all its branches, affiliated offices, entities and mobile applications
(Mobile Banking).

3. The bank does not have the right to require the customer to deposit a mamm to open the bank account, impose fees, wages, or deduction Shly the shape of the shapes to fulfill the lower lower backbone of the client. We are entitled to Egypt. Relationship of the account in
If the reckoning balance (zero) is the condition of notifying the Zion before the periods of not decreasing. (60) Days
 
https://observeriraq.net/wp-content/uploads/2025/01/01379763-0096-4410-8a42-d375d4987b10.jpeg
 
4. All private banks must formulate their unified banking price schedule annually
And presented it to this bank at a later date of December of each year, to be compatible with the upper limits
For the proportions specified in the schedule below and the inspection bodies of this bank will follow up on banks ’commitment to that
 
TABLE, in Arabic, TITLED
‘The Upper Ceilings For Banking And Banking Products’
 
We hope to take what is necessary from you and take into account what is mentioned in it when formulating the tables of banking prices
For your banks and to ensure adherence to it ... with appreciation.
 
https://observeriraq.net/wp-content/uploads/2025/01/e3cf277e-53ed-4598-a43c-ec42beb734cc.jpeg
  
https://observeriraq.net/البنك-المركزي-العراقي-يحدد-للمصارف-اس/ 

An Expert Calls For Diversifying Exports Of Extractive Goods Instead Of Relying On Petroleum Ones
 
January 11, 2025  Baghdad/Iraq Observer   Countries depend on their income in foreign currencies from one of the following sources:
 
     exports of goods and services,
     foreign direct investment,
     visitors coming from various countries,
     expatriates who transfer part of their money to their countries, and
     revenues from foreign investments generated by local institutions or persons outside the countries.
 

The head of the Future Iraq Center for Economic Studies and Consultations, Manar Al-Obaidi, stated that
 
although Iraq has
 
     investment opportunities and the
     ability to attract visitors and a number of
     Iraqi expatriates outside Iraq, and
     thousands of Iraqis own investments in various countries,
 
the state was unable to
 
     encourage all of these sectors to create foreign currency revenues and continued. To try to
     increase foreign exchange from sales of one commodity, which is oil. Al-Obaidi added during his speech to the Iraq Observer,
 
 “Iraq’s budget is based on the quantity of oil sold and the price of a barrel of oil,” wondering,
 
“Isn’t it time to try to increase foreign investments, of which more than 18 billion dollars have fled outside Iraq, according to World Bank data?” He continued,
 
"Isn't it time to
 
     encourage investments in extractive projects to
     diversify exports of extractive goods instead of exporting one commodity, which is oil, and to
     encourage exports of local industrial projects and
     adopt a clear export policy for various countries near and far?"  Al-Obaidi continues, asking,
 
“Isn’t it time to
 
     regulate the entry of tourists and

     try to benefit from their presence in Iraq and

     increase their spending in a way that creates other revenue for the Iraqi state by
 
    encouraging religious tourism from the countries with the highest income and therefore the highest spending instead of relying on a poor country to attract tourists, as well as

     establishing the Iraqi Ministry of Expatriates?”

     To communicate with Iraqi expatriates to encourage them to return to their countries and transfer part of their foreign investments to Iraq to contribute to creating income in foreign currencies.” He called for the
 
need to
 
     benefit from thousands of Iraqi cadres capable of selling their services to various companies in various countries of the world, through a remote work system, to provide income in foreign currencies, as well as to
 
     establish external investment funds that create a real return that contributes to supplying the profits of these funds as foreign currency into the country.
 
The economic expert calls on the government to abandon oil wealth and think about solutions outside the box, as the  oil era has ended and discussions about the timing of its end have begun.    
  
https://observeriraq.net/خبير-يدعو-الى-تنويع-صادرات-السلع-الاست/    

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 1-11-25

Good Afternoon Dinar Recaps,

RIPPLE'S RLUSD EXPANSION PLANS UNVEILED FOR MAJOR EXCHANGES, INCLUDING COINBASE LISTING STRATEGY

Ripple’s newly launched U.S. dollar-pegged stablecoin, RLUSD, is gaining momentum following its debut on Ethereum and the XRP Ledger last month.

Approved by the New York State Department of Financial Services (NYDFS), RLUSD has already been listed on Bitstamp, and Ripple is now in discussions with major exchanges like Coinbase to broaden its availability.

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, outlined the technical and strategic challenges of exchange listings during an interview. 

“It’s not just a handshake agreement,” he explained, emphasizing the need for exchanges to adapt to different blockchain protocols. Ripple’s CTO, David Schwartz, hinted at eventual expansion to additional networks, further increasing the stablecoin’s reach.  

Challenges in securing listings with major exchanges

Despite Ripple’s approval from NYDFS providing a regulatory edge, McDonald acknowledged the complexities of securing support from major exchanges like Coinbase and Binance, which often maintain exclusivity with certain stablecoins.

For instance, Coinbase’s close partnership with Circle’s USDC presents challenges, though McDonald believes Coinbase might gradually diversify its stablecoin offerings.  

Volume and demand are also critical factors. Exchanges assess the cost-benefit of listing new assets, considering both technical integration and the ongoing support required. “They want to make sure that there is demand for it,” McDonald noted.  

Looking ahead, McDonald predicts that institutional-backed issuers with strong compliance frameworks will dominate the stablecoin market. Smaller players may struggle to meet regulatory costs, leading to a consolidation of market share among established names. Liquidity, regulatory approval, and institutional relationships are likely to play pivotal roles in determining market leaders.  

Ripple’s focus on robust compliance and institutional support positions RLUSD as a key player in this evolving landscape, with further listings expected to drive adoption in 2025.  

In addition, Ripple collaborates with Chainlink to improve RLUSD adoption

@ Newshounds News™

Source:  Traders Union

~~~~~~~~~

XRP LEGAL BATTLE BEGINS ON WEDNESDAY

The SEC, the US Securities and Exchange Commission, has until January 15, 2025, to submit its initial brief on the Ripple case. The court had previously decided that XRP was not a security in and of itself when the appeal was filed.

The financial watchdog contesting some of the ruling’s findings, including how Ripple’s XRP sales on cryptocurrency exchanges and the private XRP sales of Chris Larsen and Brad Garlinghouse, two of the company’s executives, should be categorized. The upcoming brief will most likely revolve around those arguments.

SEC chair Gensler, who has spearheaded the agency’s vigorous targeting of the cryptocurrency sector, will resign on January 20. Donald Trump, the president-elect, will take office on the 20th.

Gary Gensler will be replaced as SEC Chair by Paul Atkins, suggesting possible adjustments to the agency’s stance on crypto regulation. The case may likely be resolved given Gensler’s departure.

Media reports predict that the SEC may cut back on or drop some crypto lawsuits. The SEC may instead prefer settlements, also known as “consent decrees,” which provide industry clarity and permit negotiated resolutions.

These settlements may help the industry meet regulatory requirements without completely abandoning cases by encouraging the SEC to create more precise guidelines and regulations.

Brad Garlinghouse, the CEO of Ripple, voiced optimism, pointing out that Atkins could “bring common sense back to the agency.” “XRP may solidify its non-security status and possibly start a bullish price trend if the SEC withdraws its appeal as a result of this leadership change.

@ Newshounds News™

Source:  FX Leaders

~~~~~~~~~

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Thank you Dinar Recaps

FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

Lena Petrova:  1-11-2025

The much-anticipated “pivot” by the Federal Reserve – the shift from aggressive interest rate hikes to potential cuts – appears to be firmly off the table, at least for 2025.

This conclusion comes hot on the heels of a robust jobs report that far exceeded expectations, adding 256,000 jobs to the U.S. economy. The data paints a picture of a labor market that remains surprisingly resilient, potentially dashing hopes for a change in monetary policy aimed at easing the pain of high borrowing costs.

For months, investors and economists have been parsing every piece of economic data, searching for signs that the Fed would soon begin to lower interest rates. The logic was straightforward: inflation had begun to cool, and the cumulative effect of prior rate hikes would eventually lead to a slowdown in economic activity, prompting the central bank to ease its grip. However, the latest employment figures throw a significant wrench into these expectations.

The unexpectedly strong job growth isn’t just a number; it’s a signal that the economy is still running hot. With more people employed, the potential for increased consumer spending and continued inflationary pressures remains very real. This puts the Federal Reserve in a precarious position.

 Their primary mandate is to ensure price stability and promote maximum employment. While employment is clearly strong, inflation, while lower than its peak, is still above the Fed’s target of 2%.

The Federal Reserve’s next move will largely depend on upcoming inflation data. If inflation remains stubbornly high despite the strong jobs market, the Fed will likely maintain its current stance. However, a noticeable cooling in inflation could still open the door for rate cuts, albeit later than previously anticipated.

The focus now shifts to subsequent economic reports.

As the Fed continues to monitor the economic landscape, investors and analysts will be closely scrutinizing inflation data, consumer spending figures, and any further shifts in the labor market. The narrative of a quick pivot, it appears, has been replaced by a more cautious and data-dependent approach.

While the strong employment numbers are a positive sign for the labor force, they present a new challenge for the Federal Reserve in their fight to curb inflation. The economic path forward remains uncertain, but one thing is now clear: the prospect of interest rate cuts in 2025 is far from guaranteed.

https://www.youtube.com/watch?v=iwBGFL8tRSg

Weekend News With MarkZ 1-11-2025

Weekend News With MarkZ

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

Mod:  GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: good Morning one and All

MZ: ” Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil” HCL gets its second reading on Monday …it appears there will be serious progress on the HCL. This is a case where the title of the article does not reflect the content.

Member: Thought HCL was Approved already a few weeks ago?   They really do like to kick the can

Member: Second Reading on Monday ONLY if not postponed AGAIN

Member: Goldilocks said HCL was done and they were only waiting for 2 laws to be signed in quickly and we are good to go. I believe they were signed in already.

MZ: I am being told if the second reading goes well….they will immediately do the third reading …then Boom we will finally have the HCL.

Member: This is mental gymnastics because it was said that HCL had been already done. They had a second reading before last year. It seems like they are trying to throw off timing on this.

MZ: No updates on CMKX, Mr. C or the bond side yet today

Member: I heard a rumor that Sudani said the IQD would be worth $54 cents in the next 72 hours.

Member: At this point, I don't care what the rate is. Just get it done. I will make it work

MZ: I had not heard that tumor yet…but who would jump on it? I would sure think about exchanging and holding it in a multi currency account

Member: so you hold it in an account like that to just wait for an increase in it's value?  Sounds good

MZ: In today’s banking world where we do not have parity (same rate values) currencies fluctuate against each other.  If you hold currency in a multi currency account –held in the bank account as Iraqi dinars…..not US dollars. Then if the currency rate goes up…..my bank account goes up as well.

Member: If I could bring in 25,000 IQD and hold the rest for later I would jump!

Member: Still hearing no RV until after the inauguration.

MZ: It’s possible. Mr. C is of that belief. But my banking sources still believe there is a good possibility we will have a rate change this evening……..late this evening

MZ: if the news is so good after this evening…..I will be here tomorrow to let you all know.

MZ: It always was stated that the best time to do this was between 11PM est and 2AM est on a Saturday night into a Sunday Morning …so maybe?

MZ: But a number of bond contacts told me very clearly it will happen after the 21st or 22nd.

Member: Will we still get a contract rate on the IQD?

Member: would you explain contract rate vs exchange rate in simple terms.

Member: the exchange rate is for general public. Contract rate is part of an oil contract in Iraq that will pay a higher rate than public rate. We'll get the contract rate on exchange.

MZ: “Zimbabwe’s currency crisis worsens as illegal traders flourish” This is showing us clearly why they need to move forward. Zimbabwe needs the reset- for all of us to go for them to have the liquidity they need.

Member: MilitiaMan is excited

MZ: Yes- we spoke yesterday ….He is excited and I am also very excited…there is a lot of good news coming out of Iraq this weekend.

Member:  Everyone have a blessed weekend. Thanks, MarkZ for all you do.

Member: See everyone Monday …unless something big happens tonight….then see you tomorrow.

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

News, Rumors and Opinions Saturday 1-11-2025

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 Sat. 11 Jan. 2025

Compiled Sat. 11 Jan. 2025 12:01 am EST by Judy Byington

Global Financial Crisis:

Fri. 10 Jan. 2025: Rep. Buddy Carter has just introduced a bill to abolish the IRS and the Federal Income Tax.

Fri. 10 Jan. 2025: Major department store is closing 27 locations across 14 states. A major US retailer announced Thursday that it will be shutting down 27 locations across 14 states this year. Of those locations, 10 are located in California.  https://www.msn.com/en-us/money/companies/major-department-store-is-closing-27-locations-across-14-states/ss-BB1rdQ59

Read full post here:  https://dinarchronicles.com/2025/01/11/restored-republic-via-a-gcr-update-as-of-january-11-2025/

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

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

Frank26   Question:  "What do you think Iraq's time to allow international to exchange our notes?  That's their prerogative.  Normally when something like this happens the IMF works with that central bank of that country and they figure out a time frame.  It can be three months...six months.  It can be a year.  The Untied Sates of America never cancelled our 3 zero notes... America never stopped allowing 3 zero notes to be exchanged but I got a feeling Iraq will and they should.

Militia Man  Article: "Al-Nusairi: Explains the new mechanism for external transfers after the platform is closed"  We have been following this and we have been spot on...They finally have done what was expected. This is to get the Central Bank back to normalcy...with international standards. That it a fact. A very good thing to have had correct all along [in our] study of the Iraqi Dinar...

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

Silver Price ALERT: Why Andy Schectman Calls It the Opportunity of a Lifetime! | Silver Price 2025

Economy Express:  1-10-2025

Silver Price ALERT: The Untold Story Behind Andy Schectman’s Opportunity of a Lifetime! In today's video, we delve into the critical insights shared by Andy Schectman regarding the silver market and why he believes it represents an unparalleled investment opportunity.

 As the global economy faces unprecedented challenges, Schectman warns that the true value of silver is being suppressed, and a significant price discovery is imminent.

We explore the implications of Federal Reserve policies, rising interest rates, and the systemic risks facing banks. Discover how silver can serve as a hedge against inflation and why now is the time to consider diversifying your portfolio into tangible assets.

https://www.youtube.com/watch?v=4yRn39cG7fs

UN in Turmoil: BRICS Breaks the Chain of Western Control: End of US Influence as We Know It?

Fastepo:  1-11-2025

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