Iraq Economic News and Points to Ponder Tuesday Afternoon 1-21-25

Iraq Looks To Strengthen Ties With New US Administration

January 21, 2025   Baghdad - Qusay Munther  President of the Republic Abdul Latif Jamal Rashid congratulated his American counterpart Donald Trump on the occasion of his swearing-in as President of the United States of America.

Rashid said in a tweet on the X platform yesterday (We congratulate Trump on the occasion of his swearing-in as President of the United States of America, wishing him success in his work duties), stressing (Iraq's support for establishing security and stability in the region and the world, and strengthening bilateral relations between our two friendly countries in a way that achieves the common interests of the two peoples).

Prime Minister Mohammed Shia al-Sudani sent a congratulatory telegram to Trump on the occasion of his assumption of his duties as President of the United States.

A statement received by (Al-Zaman) yesterday said (The congratulatory telegram included Al-Sudani's affirmation of Iraq's aspiration to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries), pointing out (the importance of working to support the foundations of stability, security and development regionally and internationally).

In a development, Al-Sudani stressed the Iraqi government's adherence to strategic relations with the United States, and its efforts to activate and expand the scope of implementing all bilateral memoranda of understanding, and bilateral security and economic coordination, under the umbrella of respecting sovereignty, and non-interference in internal affairs.

Al-Sudani said that (Washington is a major partner of Iraq, and the government is working to build a stable institutional relationship with it), and pointed out that (the government is determined to build a new Iraq based on its cultural heritage), and went on to say that (Iraq plays a pivotal role as an effective mediator between various regional parties, and Baghdad has become a center for calm dialogue aimed at bridging the gap between the parties), and pointed out that (Riyadh is a key partner in Iraq's economic equation, and that the electrical connection with Saudi Arabia is not just a technical project, but a step towards achieving long-term economic integration).

In addition, the World Health Organization expressed its regret over the decision of the new US President's administration to announce Washington's withdrawal from the UN agency.

WHO spokesman Tarik Jasarevic said in a statement yesterday that “the international body regrets the announcement by the United States of America that it intends to withdraw from the organization,” adding, “We hope that the United States will reconsider its position and engage in a constructive dialogue for the health and well-being of millions of people around the world, hoping for a constructive dialogue with the US authorities. ”

For its part, the European Commission expressed its concerns about Trump’s decision to withdraw from the World Health Organization, warning that the move could undermine the response to any future epidemics.  

Commission spokeswoman Eva Herncirova said in a statement yesterday, “If we want to withstand global health threats, we must have global cooperation,” adding, “We are confident that the US administration will think about all these matters before the official withdrawal.”

Trump began his rule by signing a series of executive orders that he described as historic, confirming that the golden age of the United States had begun. The decisions included (declaring a state of emergency on the southern border with Mexico, sending US troops to stop illegal immigration, and imposing tariffs on foreign countries to boost the US economy.

The decisions also included restoring the Panama Canal, withdrawing from the Paris climate agreement, and focusing efforts on exploring Mars and developing energy. Trump is expected to issue about 100 executive orders on his first day, opening the door to a new phase of American politics.  LINK

Economist: US Oil Exports Will Increase Crude Prices And Economic Challenges For Iraq

Time: 2025/01/21 Read: 1,417 times  Economic: Al Furat News} Economic expert, Rashid Al Saadi, warned of the repercussions of the United States of America exporting quantities of its oil energy and its impact on the Iraqi economy.

Al-Saadi told {Euphrates News} that: "This move will lead to a reduction in the quantities offered in the global market, which will raise prices as a result of the decrease in supply versus demand, and will also strengthen the economic relationship between supply and demand, as the decrease in supply will lead to an increase in oil prices, which will directly affect Iraq and the global oil market."

Al-Saadi added that "this change will lead to the United States dispensing with oil imports, which will reduce global dependence on imported oil," explaining that "these shifts in the market will have a major impact on oil prices, which may cause a decrease in the revenues of oil countries, including Iraq."

He pointed out that "the Iraqi government must begin to seriously consider finding alternative resources other than oil, given the Iraqi economy's great dependence on oil revenues."

The economic expert stressed that "the steps taken towards diversifying oil revenues were not as required, which makes it necessary to accelerate these efforts to confront future economic challenges that may be exacerbated by these changes in the global oil market."

Prices swung between gains and losses as traders digested a series of pledges and executive orders from President Donald Trump, including a threat to impose tariffs on Canada and plans to boost domestic energy production.

Brent crude traded above $80 a barrel after three days of losses, while West Texas Intermediate crude approached $77.

Trump has said he could impose tariffs of up to 25% on crude producers Canada and Mexico by early next month and signed an order declaring a national energy emergency.

However, Trump declined to unveil the China tariffs on his first day in office, instead ordering his administration to address unfair trade practices globally, according to a White House fact sheet seen by Bloomberg.   LINK

Oil Prices Fall On US Oil Production Increase Plan

Energy   Economy News – Baghdad   Oil prices fell in Asian trading on Tuesday after President Donald Trump announced a plan to boost U.S. oil and gas production and held off on new tariffs.

Brent crude futures were down 11 cents, or 0.14 percent, at $80.04 a barrel by 01:56 GMT.

The most widely traded West Texas Intermediate crude futures contract for March fell about 67 cents to $76.72 a barrel from Friday's close.

US President Donald Trump announced a plan to boost US oil and gas production and said he was considering imposing 25% tariffs on imports from Canada and Mexico starting February 1 rather than immediately, which helped push oil prices lower.

But ultimately, tariffs on Canadian crude could send the market higher.

Almost all of Canada's oil exports go to the United States and are typically sold at a discount to West Texas Intermediate crude.

Trump has laid out a comprehensive plan to speed up the issuance of oil, gas and power permits in order to maximize U.S. energy production, which has already reached record levels.

Although he did not immediately impose any sweeping new trade measures, he did order federal agencies to investigate unfair trade practices by other countries.

Trump also said the United States "may" stop buying oil from Venezuela.

Trump also promised to replenish strategic reserves, a move that would boost oil prices by boosting demand for U.S. crude.   https://economy-news.net/content.php?id=52144

60% For Only Two Countries.. Iraqi Oil Exports Rise In 2024

 01/21/2025  Mawazine News – Economy  Iraqi oil exports in 2024 witnessed a significant increase, with an increase of 90 thousand barrels per day compared to 2023, according to a report issued by the Energy Research Unit.

Exports averaged 3.64 million barrels per day during the year, with China and India accounting for about 59.6% of global shipments.

Key points about Iraqi oil exports in 2024:

1. Annual increase in exports:
- Average exports: 3.64 million barrels per day (compared to 3.55 million barrels per day in 2023).
- Highest quarterly rate: 3.69 million barrels per day in the third quarter.
- Lowest quarterly rate: 3.54 million barrels per day in the fourth quarter due to compensating for excess production.

2. Production reduction measures:
- Iraq's commitment to a voluntary production cut of 211 thousand barrels per day since May 2023, in addition to an additional voluntary cut in 2024 of 220 thousand barrels per day with the OPEC+ alliance.
- These cuts extend until the end of 2026, with volumes gradually being reintroduced from March 2025.

3. Top importers:
- China: 1.19 million bpd (up from 1.09 million bpd in 2023).
- India: 979,000 bpd (up from 945,000 bpd).
- South Korea: 328,000 bpd.
- UAE: 287,000 bpd (up significantly due to Ruwais refinery expansion).
- US: 242,000 bpd (down from 251,000 bpd).

4. Monthly performance:
- Highest monthly export rate: 3.86 million bpd in July.
- Lowest monthly export rate: 3.48 million bpd in October.

Reasons for shifts in import markets:
- China and India: Continued strong demand due to refinery expansions and increased energy needs.
- UAE: Preferring to import Iraqi oil to operate the new Ruwais refinery instead of exporting Murban crude to achieve higher returns.
- USA: Demand has declined due to the availability of local supplies and alternative sources.

These figures demonstrate Iraq’s role as one of the largest exporters in the global oil market, while maintaining flexibility in the face of market fluctuations and production policies.

The positive performance of exports is expected to continue with a balance between meeting global demand and adhering to production cut plans within the OPEC+ alliance. https://www.mawazin.net/Details.aspx?jimare=258843

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 1-21-25

Good Afternoon Dinar Recaps,

SEC LAUNCHES CRYPTO TASK FORCE TO DEVELOP CLEAR REGULATION

In a recent announcement, the US Securities and Exchange Commission (SEC) announced the launch of a brand new crypto task force. Specifically, the agency is set to develop “a comprehensive and clear regulatory framework for crypto assets,” according to a recently released press release.

The announcement is part of the expected changes to come from the incoming administration. With Donald Trump officially inaugurated into office Monday, he announced the appointment of Mark Uyeda as acting chair of the agency. His presence comes following former Chair Gary Gensler’s resignation this week.

SEC Launching Crypto Task Force to Develop New Regulatory Framework

For the last several years, the SEC has developed a rather contentious relationship with the digital asset sector. Under the former Biden Administration, the agency adopted a regulation-by-enforcement approach. As a result, companies like Ripple found themselves engaged in years of court battles with the agency.

Yet, that has begun to change today. With Donald Trump beginning his second non-consecutive term as US President Monday, the SEC has announced the launch of a crypto task force dedicated to the formulation of a clear regulatory framework for which the industry will be governed.

Chairman Uyeda announced the framework, with Commissioner Hester Peirce set to lead it. “Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law,” the agency said.

Additionally, they noted things like clear regulations and a pathway to registration “have been elusive.” Moreover, they noted, “The SEC can do better.” The task force appears to be the first step in that pursuit. It could be the beginning of the United States’ path to being a global crypto leader.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

NO CRYPTO FOCUS IN TRUMP’S 200 EXECUTIVE ORDERS: WHAT’S NEXT?

▪️Trump’s first 200 executive orders did not include any clear actions related to Bitcoin or cryptocurrencies.
▪️David Bailey hinted at potential crypto-related content but admitted uncertainty about the specifics.
▪️The crypto community was disappointed as Trump prioritized energy, immigration, and security over digital assets.

US President Donald Trump signed his first 200 executive orders shortly after assuming office. However, despite speculation and expectations from the crypto community, none of these orders were related to virtual assets like Bitcoin or other cryptocurrencies.

David Bailey, CEO of Bitcoin Magazine and former cryptocurrency advisor to the Trump campaign, shared his insights on X (formerly Twitter), stating:

“Got confirmation tonight that our EOs are among the first 200.”

However, he admitted uncertainty about the specifics. “I have no idea what made it in, but good news cometh,” he added.

Interestingly, the crypto community had hoped for stronger signals from the administration. Rumors before Trump’s inauguration suggested that he might prioritize cryptocurrency, perhaps even declaring it a national priority or establishing a Bitcoin reserve. But these ambitions did not materialize.

No Crypto in Trump’s First-day Executive Orders

On his first day, Trump directed his attention to immigration, energy, and federal operations. Key actions included reversing Biden’s restrictions on oil drilling and announcing, “We will extract as much oil as we can.” He also withdrew the US from the Paris Climate Agreement, a global initiative to combat climate change.

In another notable move, Trump signed a decree granting TikTok an additional 75 days to find a US buyer, allowing its operations in the country to continue temporarily. While this decision aimed to address security concerns, critics noted the absence of actions supporting the burgeoning crypto industry.

Fox Business journalist Eleanor Terrett expressed disappointment, tweeting:

“No Day 1 executive orders on #crypto or industry-related pardons, then?”

This sentiment echoed across the crypto community, which had anticipated early moves to recognize or regulate digital assets.
A Shift in Focus, a Missed Opportunity?

Cryptocurrency advocates were left questioning why digital assets, widely viewed as transformative, were left off the agenda. Before Trump’s term, some hoped he would pardon Ross Ulbricht, the Silk Road founder serving a life sentence. However, no such measures emerged.

During his inaugural speech, Trump remained silent on the topic of cryptocurrencies, further deepening concerns. David Bailey reassured enthusiasts by saying that their [our] “decrees are coming too”, suggesting that virtual assets might gain attention later in Trump’s presidency.

Despite the initial absence of crypto-focused orders, the speculation surrounding Trump’s approach to digital assets highlights the growing importance of cryptocurrency in national policy discussions. For now, the crypto world watches and waits, hopeful for future recognition and regulation.

@ Newshounds News™

Source:  CoinSpeaker

~~~~~~~~~

HESTER PEIRCE TAPPED TO LEAD SEC’S NEW CRYPTO TASK FORCE

Acting SEC chair Mark Uyeda appoints Hester Peirce to lead a task force focused on crypto regulations and market integrity.

▪️The SEC has formed a Crypto Task Force under Commissioner Hester Peirce to establish proactive regulation and clear legal standards.

▪️The initiative aims to support innovation while addressing industry confusion over previously enforcement-focused approaches.

The SEC has established a Crypto Task Force under the leadership of Commissioner Hester Peirce, with Acting Chairman Mark T. Uyeda announcing the initiative on Tuesday.

Richard Gabbert and Taylor Asher will serve as Chief of Staff and Chief Policy Advisor, respectively, bringing together experts across the agency to work with Commission staff, industry participants, and the public.

“The SEC has relied too heavily on enforcement actions to regulate crypto, often adopting untested legal interpretations,” Uyeda said.

The task force seeks to move toward proactive regulation by establishing clear legal standards, creating practical registration pathways, and maintaining market integrity while supporting innovation.

The announcement comes as Uyeda serves as interim SEC Chair until Paul Atkins assumes the role under President Donald Trump’s administration.

The initiative aims to address industry confusion resulting from the SEC’s previous enforcement-focused approach by developing clear regulatory guidelines and disclosure frameworks for crypto assets.

@ Newshounds News™

Source:  Crypto Briefing

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

DOLLAR COLLAPSE: A Simple Breakdown to a Complex Crisis (Currency Reset)

DOLLAR COLLAPSE: A Simple Breakdown to a Complex Crisis (Currency Reset)

Taylor Kenny:  1-21-2025

he collapse of the dollar is accelerating, driven by unsustainable debt, geopolitical alliances, and technological advancements like CBDCs.

These forces are leading us toward an inevitable Currency Reset that will reshape the global economy. Learn what’s happening, what’s coming next, and how to protect your wealth.

CHAPTERS:

00:00 - Why this might be the most important video of the year

00:36 - Understanding the Dollar’s central role

02:15 - The illusion of Dollar strength

 02:54 - Four driving forces behind the Dollar’s collapse

11:25 - The process leading to a Currency Reset

 12:02 - What happens during a Currency Reset

13:15 - Gold as the foundation of a new financial system

https://www.youtube.com/watch?v=TRbYWyJ9Sv8

Coffee with MarkZ and Zester joins for commentary. 01/21/2025

Coffee with MarkZ and Zester joins for commentary. 01/21/2025

PDK Note: I will not transcribe political opinions. Only RV related information.

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good morning everyone… Welcome to the first day of the rest of our lives

Member: Today’s a new day the sun is shining down on us. Blessings are coming.

Member: Hoping for big RV news today!!!

Member: Any RV news or bond news or banking news today?

MZ: I have 3 different bond sources that say they will process this afternoon.   They were told today is “GO” day and bonds go off “stuck” this afternoon. A number of international sources say today it is ON….these are folks from all over the globe.  Coming from so many different sources I find it very reassuring.

MZ: I will be sitting around on pins and needles all throughout today and tomorrow…hoping to see a historic bond person with full blown money from final contracts…..I am excited..

Member: Then after bonds start….we currency folks should start getting notifications….right?

MZ: In Iraq: “ A political parliamentary agreement settles the controversy of the three laws in preparation of the “one basket” session.  They are moving the laws together to get them wrapped up.

MZ: “Government representative in Parliament sends an amendment to an amendment regarding budget law” This one is specifically on rate and they are pushing to have the budget settled …this is also about the oil in the Kurdish region .We should have had action on this today. They are waiting to squeeze in one last number …then we should budget tables and rates. When they adjust budget tables it’s an ideal time to adjust “value”

MZ: There is some pretty exciting stuff coming for Iraq this morning.

MZ: “The discovery of the largest oil storage in the center of the country with 2 Billion barrels.” Every time we turn around – we find out Iraq has more resources. Gold, Rare earth minerals and even more oil. This is $140 billion more in oil to support their currency.

Member: Has it been confirmed that the new notes in Iraq are of lower denominations?

MZ: “ Leaving the red list is an important step to attract international companies” this is all about going fully international without restrictions.  They are off the red list and no longer considered dangerous. To be fully international they need a currency that is not restrictive.

Member: Have we confirmed the lower denomination notes - 1's, 5's, 10's, 20's, etc? If we have, Iraq will also need coins. There has been no conversation about that.

MZ: “Communist Vietnam follows libertarian Milei’s path in a surprising turn” Its time they start making governments efficient. There is a massive overhaul occurring in Vietnam. Almost sounds like they are onboard with Gesara stuff.

Member: What’s your thoughts on Trump saying during his inaugural speech he’s going to sign into effect the external revenue service immediately

Member: That is supposed to start and then US citizens get much lower or no income taxes to pay…woohoo.

Member: I wonder if Trumps team  has to announce the country is broke an we have to restructure our financial system?

Member: GOLDEN age has started. President Trumps  first sentence. Waiting for the gold back currency to happen?

Member: Welcome to the Golden age… Pay the bonds and RV the currencies please…Looks like Nesara today.

Member: That most likely was the announcement of NESARA. Although Trump has mentioned the Golden Age many times. He also said no wars, sovereignty, +more

Member: Good morning, seriously are we ever gonna to get to the end of this, I feel like Iraq has been for quite awhile now and we are all just being played by the United States

Member: The US got an entire new administration yesterday….Give them a chance to get their to-do list started.

Member: Keep the faith everyone….the best is yet to come.

Member: hoping big things start happening soon with our RV…….Come on Iraq….

Member: Everyone enjoy your day.

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

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=zRq3ofBEerA

News, Rumors and Opinions Tuesday 1-21-2025

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 to the Restored Republic via a GCR: Update as of Tues. 21 Jan. 2025

Compiled Tues. 21 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 14 Jan.: “All the information is saying “Next week.” …JFK Awakening Q17 on Telegram

Sat. morning 18 Jan. 2025 CMKX Holders expecting notification within 72 hours

Mon. 20 Jan. Wolverine: Hi guys I like to offer a incredible thank you to an incredible humanitarian Charlie Ward as he was always right that nothing was going to happen till Biden is removed from power and he told me that two years ago and he never ever waived from that. I should’ve listen to him and stayed on that course. Most of the Intel during all this time was total disinformation to catch the bad guys and I suppose people like myself were used to deliver disinformation not to harm you but to catch these criminals. Tomorrow Tues. 21 Jan. 2025 everything starts. I was told but not confirmed that notifications will start tonight and if it does happen the opera will be up. God bless you all we are finally here. Wolverine

Earlier Wolverine Posts: “Things are in motion. The Tier 4B group things won’t start until two or three hrs after the inauguration on Mon. 20 Jan. T4B Event Intel said at Sunrise tomorrow, Tues. 21 Jan 2025, the IQD should be on the London Stock Exchange and already climbing and short on the heels of the Lira. The British pound shall fall. Q Military: “Long Live the Dinar.” Mountain Goat: “I am told by my CBI contact that they are giving Iraq a “thumbs up” to move ahead.”   God Bless, Wolverine

Tues. 21 Jan. 2025 US reaches it’s debt limit, Trump has to do something to fund the government.

MarkZ: “My Asian Contact said he was expecting the RV on Tues. 21 Jan. or Wed. 22 Jan.

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially commence for the general public. …JFK Jr. on Telegram

Read full post here:  https://dinarchronicles.com/2025/01/21/restored-republic-via-a-gcr-update-as-of-january-21-2025/

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

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

Militia Man  Iraq's got 43% more oil than Kuwait.  What [Kuwait] doesn't have is non-oil revenues.  It's very powerful.  It shows Iraq is totally capable of having a real effective exchange rate that could be at least competitive and similar to the region.

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:There is a news program on television right now talking about currencies and the countries of these currencies.  It looks like they want to give us more monetary reform education before they give us our new currency...One of them is Kuwait dinar...the currency is $3.23 with $105 million in reserve.  We, Iraq have $145 million in reserves and we say that we are 43% higher in reserves in Kuwait...We should be also having stronger currency too as we see it.  FRANK:  Of course.

ARS Vs IQD Inflation Rate; Investment Showdown

Edu matrix:  1-21-2025

Discover why investing in Argentina and Iraq could be your next big financial move! In this video, we dive into the contrasting inflation rates of these countries—Argentina at a staggering 117.8% and Iraq at 4.5%—and explore what this means for international investors.

https://www.youtube.com/watch?v=e4NZMYvlfuY

Germany’s Economy Has Fallen: Here’s What It Means For The World

Sean Foo:  1-21-2025

Germany's stagnation is getting from bad to worse. Their economy has crashed 2 years in a row, highlighting how serious the energy crisis is getting. As a result, political instability is brewing with the opposition pushing the country to decouple from the EU and the Euro. What's what you must know!

Timestamps & Chapters:

0:00 Germany's Two-Year Crash

3:01 Truth Of The Energy Crisis

 5:56 Industrial Rescue Needed

8:57 Will Germany Leave The EU?

11:10 Shocking Impact on The Euro

https://www.youtube.com/watch?v=3hRwzBwTW1g

Seeds of Wisdom RV and Economic Updates Tuesday Morning 1-21-25

Good Morning Dinar Recaps,

BRICS REALIZE THEY CANNOT CHALLENGE THE US DOLLAR

The US dollar started 2025 with a bang leaving local currencies of BRICS countries distantly behind in the charts. The DXY index, which tracks the performance of the US dollar shows the currency crossing the 110 mark.

The US markets are confident that Trump’s re-election could turn the fortunes of America and bring economic prosperity. The same positivity is lacking in developing countries as their local currencies are being hammered by the raging US dollar.

The BRICS alliance, which kick-started the de-dollarization agenda is now reeling under pressure from the US dollar. BRICS country India’s local currency, the rupee, has fallen to a lifetime low of 86.68 this week. The rupee fell four trading sessions in a row as the USD trampled the currency in the charts. Currency experts predict that the Indian rupee could fall to 90 to 92 levels in the next 10 months.

BRICS No Challenge to the US Dollar

The US dollar is strengthening in the indices with the massive inflow of funds entering the American markets. Institutional investors offloaded most of their overseas funds and are now taking entry positions in the US markets.

 The belief that Trump’s rule could bring fortunes has reached a peak in 2025. The first instance of the market gaining steam occurred immediately after he was declared the winner in November. This puts BRICS on the back foot as it stands no chance to challenge the US dollar during Trump’s tenure.

Trump has already threatened BRICS with 100% tariffs if they plan to abandon the US dollar for trade. The alliance is now left with obeying his demands as a tariff increase will only hurt their economies.

The de-dollarization agenda could fail under his rule as the President-elect aims to safeguard the USD. Whether he will bring in laurels to the US stock market or cause a dent, only time will tell.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

RAMASWAMY EXITS DOGE FOR OHIO GOVERNOR BID, LEAVING MUSK AS SOLE HEAD

Vivek Ramaswamy said on X he was leaving the Department of Government Efficiency and was “confident that Elon and the team will succeed in streamlining government.”

Entrepreneur and former presidential candidate Vivek Ramaswamy will no longer co-lead the Department of Government Efficiency (DOGE) alongside Elon Musk, and is reportedly opting to run for Ohio governor instead.

“It was my honor to help support the creation of DOGE,” Ramaswamy said in a Jan. 20 X post. “I’m confident that Elon and the team will succeed in streamlining government.”  

Ramaswamy didn’t elaborate on his future plans, but CBS News and The New York Times were among the US media outlets reporting that the business leader and author would soon announce he is running run for governor of Ohio.

Ramaswamy said that he’d “have more to say very soon” while reaffirming his support for President Donald Trump.

“Vivek Ramaswamy played a critical role in helping us create DOGE. He intends to run for elected office soon, which requires him to remain outside of DOGE based on the structure that we announced today,” DOGE spokesperson Anna Kelly told the Associated Press.

Ohio Governor Mike DeWine’s second — and legally his last — term will end in January 2027.

On Jan. 18, Ramaswamy re-shared an X post from a parody account using this likeness that stated he was running for governor of Ohio, with the pro-crypto Republican commenting that it wasn’t “a bad idea.”

Politico reported that Musk made it known that he wanted Ramaswamy out of DOGE in recent days. A Republican strategist close to Trump’s advisers told Politico that Ramaswamy “just burned through the bridges and he finally burned Elon. Everyone wants him out of Mar-a-Lago, out of D.C.”

The move was driven in part by Ramaswamy’s criticism of American culture. In December, he made a post on X stating that tech companies hire foreign workers  partly because of a mindset that has “venerated mediocrity over excellence.”

The now-solely Musk-led advisory organization, named after his favored cryptocurrency Dogecoin, was officially created through one of a slew of executive orders that Trump signed on his first day in office.

DOGE is already on the firing line as it was hit with lawsuits from consumer advocate group Public Citizen and other nonprofit groups minutes after Trump took office.

The lawsuits allege that DOGE violates the Federal Advisory Committee Act by allowing private individuals to make government decisions without proper transparency and oversight.

DOGE, which was announced by Trump soon after his electoral victory in November, is designed to slash federal spending through budget cuts and mass firings.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Childfree People Get The Wrong Financial Advice

Childfree People Get The Wrong Financial Advice — and they’ll be paying for it in their old age

Alessandra Malito  Sat, January 18, 2025  MarketWatch

People who don’t have children aren’t getting the best financial advice, one author says.

There are more than a dozen differences in financial and estate planning for people with children and those without — but the financial-planning industry doesn’t address them separately, according to Jay Zigmont, founder of Childfree Wealth, a life- and financial-planning firm dedicated to helping childfree individuals. Zigmont, who himself doesn’t have children, is also the author of a new book, “The Childfree Guide to Life and Money.”

“There are assumptions and things built into the system that means, ultimately, childfree people are getting bad advice, or at least advice in the wrong direction,” he said.

Part of the problem could lie in how advisers make money. Individuals who don’t have children might want to spend all of their money while they’re living, while those with children could have bigger goals of leaving behind an inheritance.

This clashes with one of the most common ways advisers make money in the financial-planning industry: the assets-under-management model. With AUM, an adviser’s compensation is a percentage of what the adviser is managing — so when the money in the account dwindles, so does the fee.

“How does that compare when someone is trying to die with zero?” Zigmont said. “There’s a conflict of interest.”

The right financial planner for a childfree individual or couple will acknowledge the nuances, Zigmont said. “Your planner needs to understand how things are different for you, and that’s a challenge to get good advice,” he said.

Beyond the importance of money management is estate planning, which needs to be tended to immediately for childfree folks.

Zigmont spoke with MarketWatch about some of the most important aspects of planning for the childfree life, and how it differs from financial planning for people with children. This interview was edited for clarity and length.

TO READ MORE:   https://finance.yahoo.com/news/childfree-people-wrong-financial-advice-105900984.html?.tsrc=fp_deeplink

“Tidbits From TNT” Tuesday Morning 1-21-2025

TNT:

Tishwash:  The largest oil reserve was discovered in central Iraq

The Middle Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the East Baghdad South Field.

The company's general manager, Mohammed Yassin Hassan, stated in a statement received by {Euphrates News} a copy of it that the main exploratory well testing operations in the East Baghdad field had achieved great success, as a highly productive oil flow of medium and light oil was obtained.

It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.

The Director General pointed out that the initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil.

Yassin praised the fruitful cooperation between Iraqi engineers at the Middle Oil Company and their counterparts at the Chinese EBS Company, which resulted in precise planning and strict implementation of well testing procedures in areas within the oil field.

This discovery is of strategic importance as it adds to Iraq’s oil reserves, which rank fifth in the world in proven reserves. This achievement also enhances the production capabilities of Iraq, one of the founding and influential members of the Organization of the Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.  link

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

Tishwash:  Al-Sudani in a telegram to Trump: We are committed to strategic relations under the umbrella of respect for sovereignty and non-interference

Prime Minister Mohammed Shia Al-Sudani sent a congratulatory telegram today, Tuesday, to US President Donald Trump, on the occasion of his assumption of office as President of the United States of America.

Al-Sudani indicated in the telegram, according to a statement from his office, a copy of which was received by {Euphrates News}, that Iraq aspires to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries, stressing the importance of working to support the foundations of stability, security and development regionally and internationally.

Al-Sudani stated that the Iraqi government adheres to strategic relations with the United States, and seeks to activate and expand the scope of implementing all bilateral memoranda of understanding, and bilateral security and economic coordination, under the umbrella of respect for sovereignty, non-interference in internal affairs, and supporting bilateral exchange in the cultural and technological fields, and the fields of investment and sustainable development.  link

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

Tishwash:  President of the Republic: Our participation in Davos confirms Iraq's growing role in the global arena

President of the Republic Abdul Latif Jamal Rashid stressed that Iraq's participation in the Davos talks confirms its growing role in the global arena.

Rashid said in a tweet on the (X) platform, followed by the Iraqi News Agency (INA), "I am proud to see Iraq and the Kurdistan Region well represented in Davos, which is an important annual gathering of global leaders and thinkers. Our participation in these talks confirms Iraq's growing role in the global arena and our commitment to confronting common challenges through dialogue, innovation and cooperation."  link'

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

Tishwash:  Directive from the Central Bank regarding the 5,000 dinar banknotes 

The Central Bank stressed, on Monday, that Iraqi banknotes are homogeneous in all their denominations and are accepted by all its branches, and that the delivery of one denomination and the rejection of another by certain banks is a violation of the law, requesting a list of the names of these banks.

text of document:  Date 1/16/2025

Federation of Iraqi Chambers of Commerce / President's Office

m/damaged currency

Greetings.

Your letter No. 1 dated 1/5/2025 regarding banks that refuse to receive small denomination banknotes and the (5,000) dinar denomination.

We would like to inform you that the instructions of this bank stipulate that Iraqi banknotes are homogeneous in their various categories, have absolute legal tender and are accepted by the Central Bank of Iraq, its branches, banks, institutions and the public. Discrimination between their categories by imposing a certain category on the public or refusing to receive a certain category is unacceptable and is considered a violation of the law.

We hope you will provide us with the names of the violating banks that refused to receive banknotes. With appreciation. link

Mot: Jumping Days 

Mot:  it Has Begun!!!!

MilitiaMan & Crew Iraq Dinar News-Global Attention-Budget Law-Internally- Externally-Media

MilitiaMan & Crew Iraq Dinar News-Global Attention-Budget Law-Internally- Externally-Media

1-20-2025

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=2xEwJfHPnUw

Seeds of Wisdom RV and Economic Updates Monday Evening 1-20-25

Good Evening Dinar Recaps,

MARK UYEDA NAMED ACTING SEC CHAIR AMONG TRUMP APPOINTMENTS

Members of the US Commodity Futures Trading Commission also announced on Jan. 20 that Caroline Pham would serve as acting chair, filling two crucial regulatory roles

US Securities and Exchange Commission member Mark Uyeda will be acting chair of the financial regulator as of Jan. 20 following an announcement from the Trump administration.

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

In a Jan. 20 notice from the White House, President Donald Trump said Uyeda would replace outgoing SEC Chair Gary Gensler in an acting capacity until the US Senate could confirm one of his nominees. Uyeda, a Republican, has served at the SEC since 2022 after being nominated by former US President Joe Biden.

Before taking office, Trump announced on social media that he planned to nominate former SEC Commissioner Paul Atkins to replace Gensler.

Atkins’ name appeared on a list of sub-cabinet appointments Trump said he had nominated to the Senate. It’s unclear when the chamber could consider his nomination as an SEC member.

Meanwhile, members of the US Commodity Futures Trading Commission announced on Jan. 20 that Commissioner Caroline Pham would serve as acting chair after Rostin Behnam stepped down.

The heads of the two financial regulators will be in a position to significantly influence policy related to digital assets.

As an SEC member, Uyeda criticized the commission’s approach to digital assets under Gensler, saying it “neither facilitates capital formation nor protects investors.” Under the former chair, the SEC filed several enforcement actions against US-based crypto firms, including Ripple Labs, Coinbase, Terraform Labs and Binance.

New administration, new approach to crypto?

It’s unclear what the status of these lawsuits will be under the Trump administration or Acting Chair Uyeda. The SEC will reportedly consider freezing all enforcement cases that don’t involve allegations of fraud.

Since taking the oath of office at 12:00 pm ET, Trump has not mentioned digital assets or blockchain on his first official day as US president. He had also pledged to commute the sentence of Silk Road founder Ross Ulbricht.

Reports suggested Trump was planning on signing an executive order potentially related to crypto, but the White House had not announced anything at the time of publication. Neither digital assets nor blockchain appeared on the administration’s list of policy priorities as they were first published on Jan. 20.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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

DONALD TRUMP APPOINTS CAROLINE PHAM AS ACTING CFTC CHAIR

The CFTC commissioner has previously called for regulating digital assets in her role with the financial regulator, which could change under Donald Trump.

In one of his first official acts after being sworn in as US president, Donald Trump will name Commodity Futures Trading Commission (CFTC) member Caroline Pham as the acting chair of the financial regulator.

In an announcement shared with Cointelegraph on Jan. 20, a representative of Commissioner Pham said she would replace former CFTC Chair Rostin Behnam temporarily until Trump could nominate a permanent head of the regulator whom the Senate could confirm.

She has been serving as a CFTC commissioner since April 2022 after being nominated by former US President Joe Biden.

“I’m humbled to lead the CFTC as Acting Chairman,” said Pham. “It is an honor to be entrusted to serve the American people during this pivotal time.”

Behnam announced in January that he planned to step down on the day of Trump’s inauguration. Though any new CFTC commissioner or chair would need to be confirmed by a majority of lawmakers in the US Senate after hearings, Trump has the authority to appoint temporary replacements under the Federal Vacancies Reform Act.

As a CFTC commissioner, Pham has called on the government to address crypto regulation and proposed initiatives to protect investors.

It’s unclear what roles the CFTC and Securities and Exchange Commission will have in regulating crypto under the Trump administration, with many US lawmakers suggesting they plan to pass legislation establishing a market framework.

Trump took the oath of office as US president on Jan. 20 but notably did not mention digital assets or blockchain technology in his acceptance speech. In one of his last acts as a private citizen before assuming office, he and his wife, Melania, announced the launch of memecoins, which critics claim allow anyone to funnel money indirectly into the first family’s pockets.

US crypto regulation under Donald Trump

The appointment of Pham is one of many actions potentially affecting the crypto industry Trump is expected to take on his first day in office. The US president said he intended to nominate former SEC Commissioner Paul Atkins to replace Gary Gensler as chair of the financial regulator — Gensler officially stepped down on Jan. 20.

In May 2024, Trump promised to commute the sentence of Silk Road founder Ross Ulbricht, and reports have suggested he plans to sign at least one executive order related to crypto or blockchain.

The White House is expected to announce what executive orders Trump will sign on Jan. 20, but reports suggested the number would be “close to 100.”

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Monday Afternoon 1-20-25

The Central Bank Calls For Caution In Reporting News And Clarifies The Outlets’ Operating Mechanisms 
 
January 18, 2025  The Central Bank of Iraq called for caution in transmitting and circulating news indicating the closure of exchange outlets, and  confirms that it has not issued any decision, directive, or statement regarding closing the outlets or converting them to exchange companies.

The recently issued Central Bank statement states:
 
Expanding the spread of cash delivery outlets through all available channels, including ATM machines and POC cash payment machines, as well as licensed exchange companies, electronic payment company outlets, and POS electronic payment machines spread throughout Iraq.
 
This bank emphasizes transferring news from its official sources, which are published on its official website and verified social media pages.
 
This was confirmed in his circulars issued to all parties in the Iraqi financial and banking sector, which included directing banks and non-banking financial institutions to expand their financial services in areas that lack the aforementioned services. 
Central Bank of Iraq  Media office   January 18, 2025    https://cbi.iq/news/view/2762 

Expectations Of An Increase In Electronic Payments

Second and third 01/19/2025  Baghdad: Rula Wathiq  Iraq has achieved 10 trillion dinars in total circulation through electronic payment from the government sector only so far, which will be part of the evaluation of the ministries working on it.
 
The head of the Osool Foundation for Economic Development and Sustainable Development, Engineer Khaled Al-Jabri, representative of the special committee for developing and evaluating electronic payment operations associated with the Council of Ministers, told Al-Sabah:
 
“The steps for electronic payment are progressing correctly, as Iraq has reached 10 trillion dinars from the government sector only. 

This number is usually a jump from what was achieved during this stage, and  it is expected that these amounts will increase by 30-40% at the beginning of next year.” He stated that the issue of
 
electronic collection is not without challenges, whether with the platforms on which it operates or the devices through which water and electricity services are paid, indicating that  there are steps to solve these problems as quickly as possible.

Al-Jabri confirmed that the  government has procedures to monitor electronic payment operations wherever they exist, and that it will be part of the evaluation of ministries that are working on the digital transformation process and their use of technical and technological tools.

He added that the electronic payment process cannot proceed without cooperation between the government and private sectors and the citizen, which is the focus of this process as a whole, noting that Iraq was able to activate these services compared to countries that took 6-7 years to activate them as a result of quick and serious measures in this field.      https://alsabaah.iq/108748-.html  

Advisor To The Prime Minister: Electronic Customs Declaration Prevents Smuggling And Reduces Corruption And Bribery

Economy    Yesterday, 11:13  Baghdad - WAA - Amna Al-Salami  Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Sunday, that the
 
electronic customs declaration program 
     prevents smuggling and 
     reduces corruption and bribery, and while he explained that it 
     facilitates accurate and rapid control and review, he indicated that it 
     reduces costs for importers.  Saleh told the Iraqi News Agency (INA):
 
"The program to develop the electronic customs declaration and its entry into force is an important and positive step towards improving customs performance in particular and enhancing the efficiency of the Iraqi economy in general."  He added that 
 
"the adoption of this electronic program for customs declaration represents an important part of the reform efforts branching from the government program in the field of e-governance and financial and economic reform aimed at modernizing administrative and financial systems, combating corruption, and raising the efficiency of Iraq's foreign trade," noting that
 
"this electronic system provides two important aspects of customs life in the development of customs policy applications in Iraq as one of the important arms of financial policy in our country:
 
     First, reducing human intervention in customs clearance operations, which reduces the opportunities for corruption and bribery."  He continued:
 
     "The second provides clear tracking of transactions, which facilitates effective, accurate and rapid customs control and review," indicating that "the
 
electronic customs declaration program will undoubtedly
 
     reduce the time required to complete customs declarations, in a way that
     supports the movement of trade and
     reduces the costs that fall on traders and importers, and
 
this change in the pattern of customs declarations encourages companies to import and export goods with ease and high speed."  He explained, "As for customs revenues, the program will contribute to
 
     providing accurate collection of customs duties in a way that prevents customs evasion, as taxes are a form of important public revenues that the government program seeks to raise within non-oil revenues, in addition to   reducing losses resulting from corruption or negligence in collecting related customs duties and taxes, as was previously followed and through manual methods and human intervention."

He pointed out that  "it gives the business environment in the national economy an advanced signal to investors and traders, and  its accurate operations should be positively reflected in the reports of international multilateral organizations within the framework of the progress of the business environment in our  country including the World Bank's periodic reports in this regard."  https://www.ina.iq/226125--.html

UN Supports Iraq In Recovering Stolen Assets And Combating International Corruption  Iraq

The United Nations has affirmed its full support for Iraq in its efforts to recover its stolen assets located in corruption havens abroad, in addition to tracking suspicious banking transactions.

The Resident Representative of the United Nations Development Programme, Auke Lootsma, stated that the programme supports Iraqi investigative journalists to enhance cooperation with international federations in uncovering stolen assets, enabling investigators to file cases and follow up on seizure and confiscation procedures.

Lootsma added that the programme is working to expand the scope of trial monitoring to include civil procedures for the recovery of stolen assets. He pointed out that the focus is not limited to strengthening compensation claims from public institutions, but rather extends to include the recovery of assets through civil courts.

He stressed that the success of the fight against corruption requires effective international cooperation to track and freeze illicit assets, limit suspicious financial flows, and hand over perpetrators. He called for activating bilateral agreements between Iraq and other countries, or using the mechanisms available under the United Nations Convention against Corruption.

Lootsma also explained that UNDP supports Iraq in improving the exchange of information on suspicious banking transactions, submitting mutual legal assistance requests to protect assets during investigations, and recovering them upon final judgments. He pointed out that the Iraqi government’s programme is participating in expanding its regional partnerships to combat corruption and enhance joint efforts.   https://www.radionawa.com/all-detail.aspx?jimare=41006

Exchange Rates Recorded 151,750 Dinars Per 100 Dollars In Baghdad

economy | 11:10 - 01/20/2025  Mawazine News – Baghdad  The exchange rate of the dollar against the Iraqi dinar witnessed a rise in the currency markets in the capital, Baghdad.

The dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,700 dinars for every 100 dollars, compared to what it recorded yesterday morning, Sunday, at 150,650 dinars for every 100 dollars.

The selling prices in exchange shops in the local markets in Baghdad reached 151,750 dinars, while the purchase price reached 149,750 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=258809

Oil Prices Jump Above $81 A Barrel

economy | 08:26 - 01/20/2025  Mawazine News – Baghdad  Oil prices recovered in early trading on Monday, as supply concerns persisted after Washington imposed two rounds of sanctions in the past two weeks on Russia's energy sector over the war in Ukraine.

Market Moves By 0042 GMT, Brent crude futures were up 34 cents, or 0.4 percent, at $81.13 a barrel. They settled down 0.62 percent in the previous session. West Texas Intermediate (WTI) crude futures, which expire on Tuesday, were up 59 cents, or 0.8 percent, after settling down 1.02 percent on Friday.

The most active contracts for April rose 36 cents to $77.75 a barrel, according to Reuters data.

Both crudes gained more than 1 percent last week, their fourth straight week of gains, after the outgoing administration of US President Joe Biden imposed sanctions on more than 100 oil tankers and two Russian oil producers.

This led to a rush by major buyers, China and India, to secure immediate oil cargoes and a global rush to supply ships with oil, with Russian and Iranian oil traders looking for unsanctioned tankers to carry their cargoes.

Analyst Tim Evans said in Evans on Energy that the new sanctions are expected to tighten supplies, at least in the short term, according to Reuters.

“The rise in tanker rates for unsanctioned vessels and the widening divergence in crude oil prices are among the notable cascading effects, which have heightened supply concerns,” he added. But easing tensions in the Middle East limited oil price gains. Israel and Hamas exchanged hostages and prisoners on Sunday in the same day The first ceasefire after a 15-month war.

https://www.mawazin.net/Details.aspx?jimare=258802

Gold Falls As Tensions Ease, Markets Focus On Trump

Economy  | 01/20/2025 Mawazine News – Baghdad Gold prices suffered losses in early trading on Monday as tensions in the Middle East eased, dampening demand for safe-haven assets.

As investors await the inauguration of US President Donald Trump and clarity on the policies of the next administration. Price update Spot gold fell 0.4 percent to $2,690.81 per ounce, by 0140 GMT. US gold futures fell 0.5 percent to $2,734.90 an ounce, according to Reuters data.

Hamas released three Israeli hostages, while Israel freed 90 Palestinian prisoners on Sunday, the first day of a ceasefire that followed a 15-month war that devastated the Gaza Strip and ignited the Middle East.

Market players are awaiting Trump’s inauguration later on Monday, whose tariff policies are expected to stoke inflation, ignite trade wars and potentially increase the appeal of safe-haven assets. The future path of US interest will depend on how seriously the next administration implements Trump’s policy pledges.

According to a narrow majority of economists polled by Reuters, the Federal Reserve is likely to keep interest rates unchanged at its January 29 meeting and resume cutting them in March.

Among other precious metals, spot silver fell 0.7 percent to $30.13 an ounce. Palladium fell 0.3 percent to $944.25 an ounce. Platinum fell 0.2 percent to $940.05 an ounce.   https://www.mawazin.net/Details.aspx?jimare=258803

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