Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 1-22-25

Good Afternoon Dinar Recaps,

BRICS: 40 COUNTRIES LOOK TO DITCH THE US DOLLAR

BRICS member China is looking to convince 40 new countries to use the Chinese yuan for cross-border transactions and not the US dollar. The Communist country is aiming to capitalize on the growing de-dollarization trend and is pushing the Chinese yuan for trade.

For the uninitiated, the usage of the Chinese yuan for trade settlements has surged 4.6% in 2024, compared to 2% in 2019. The currency usage has more than doubled in six years and is threatening the prospects of the US dollar.

If the US fails to import the dollar overseas, it would return to the homeland leading to inflation. Therefore, the USD needs to maintain its top position in the currency markets to sustain the American economy and keep prices lower.

BRICS: CHINA SIGNING AGREEMENTS WITH 40 COUNTRIES TO USE THE CHINESE YUAN, NOT US DOLLAR

The People’s Bank of China (PBOC) has signed bilateral trade deals with over 40 countries to use the Chinese yuan for trade settlements. The trade agreement is with the central banks of developing countries and initiates currency swaps.

The overall scale of the currency swap agreement stands at 4.16 trillion yuan, equivalent to $586 billion. The development gives the BRICS country China power through the currency market and dampens the US dollar’s global prospects.

China, Russia, and Iran are the three BRICS countries that are aggressively looking to end dependency on the US dollar. They are forging new trade deals and rewriting policy settlements that prefer using local currencies.

The dynamics of de-dollarization are advancing as more countries are willing to trade in the national currencies. China is leveraging the situation and taking advantage of the White House weaponizing the US dollar.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

BANK OF AMERICA READY FOR CRYPTO PAYMENTS — DECODING HOW BANKING WILL CHANGE FOREVER

Is the banking industry prepared for the disruption crypto payments might cause, and if Bank of America leads the charge, what lasting changes can we expect in how banks, businesses, and consumers interact?

 Bank of America CEO advocates for crypto…

▪️Bank of America CEO advocates for crypto payments
▪️Bank of America’s twofold relationship with crypto
▪️How U.S. institutions are stepping into crypto
▪️Decoding the probable impact

Bank of America CEO advocates for crypto payments

The banking and crypto worlds have often seemed like two ships passing in the night — acknowledging each other’s existence but rarely finding common ground.

However, Bank of America CEO Brian Moynihan has now thrown his weight behind the idea of integrating crypto payments into the U.S. financial system — but only if regulators give the green light.

Speaking at the prestigious World Economic Forum in Davos, Switzerland, Moynihan addressed a question that has long lingered over the industry — what would it take for banks to embrace crypto as a payment method?

“If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan remarked during an interview with CNBC.

“If you go down the street here and buy lunch, for example, you could pay with Visa, Mastercard, a debit card, Apple Pay, and so on. In that sense, cryptocurrency would just be another form of payment,” Moynihan explained.

He also discussed a growing realization that crypto — especially stablecoins backed by traditional assets like the U.S. dollar — could seamlessly integrate into existing payment networks.

“If it’s a stablecoin-type of dollar-backed crypto…and our consumers actually want to use it, we think there’s value there,” Moynihan said, hinting that banks could view these tokens as a safer entry point into the crypto payments space.

However, Moynihan did not touch upon the notion of cryptocurrencies like Bitcoin as an investment or store of value, stating that it is “really a separate question.”

Bank of America’s twofold relationship with crypto

Bank of America has not always been optimistic about crypto. For years, the institution’s top executives voiced strong concerns, often portraying crypto as a challenge to the transparency and security upon which the banking system relies.

Back in 2018, BofA’s Chief Technology Officer, Cathy Bessant, expressed sharp criticism of crypto’s fundamental structure, stating:

“As a payment system, I think it’s troubling because the foundation of the banking system is on the transparency between the sender and the receiver, and cryptocurrency is designed to be nothing of the sort.”

She labelled crypto as the “antithesis” of transparency, mentioning how its pseudonymous nature made it difficult for authorities to “catch bad guys.”

However, over the years, BofA’s stance has drastically evolved. The bank has invested heavily in blockchain, recognizing its potential to enhance efficiency, reduce costs, and modernize financial systems.

“We have hundreds of patents on blockchain already,” CEO Brian Moynihan remarked recently in Davos.

The bank’s interest in crypto itself has also grown. In 2024, BofA’s Merrill Lynch added Bitcoin exchange-traded funds to its brokerage platforms for eligible wealth management clients.

The U.S. Securities and Exchange Commission recently announced the creation of a crypto task force aimed at establishing a “sensible regulatory path,” which could provide the necessary guidance for banks like BofA to integrate crypto payments into their operations.

@ Newshounds News™

Read more:  Crypto News

~~~~~~~~~

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

Is this America 3.0? One Key Question to Ask Yourself

Is this America 3.0? One Key Question to Ask Yourself 

Notes From the Field  By James Hickman (Simon Black)  January 21, 2025

When the Founding Fathers put the finishing touches on the Constitution in late September of 1787, they probably had no idea whether or not it would be formally adopted by the states.  There had been intense debate. Criticism. Dissent. And so the ratification of the Constitution was by no means guaranteed.  Delaware became the first state to ratify the document on December 7, 1787. Then Pennsylvania and New Jersey within the same month.

But Article VII stated that the Constitution would not be considered valid unless formally approved by at least nine states. And that milestone wasn’t reached until June 21, 1788 when the state of New Hampshire ratified the Constitution.

One could easily argue that it was that date— June 21, 1788— that “Project America” really began, i.e. America 1.0.

It’s hard to even imagine the amount of work that had to be done to build a country from nothing, to create a government from nothing. Everything from creating a new currency to establishing postal routes...

They had to create offices, figure out how to hold elections, and even design the ‘swearing in’ ceremonies and oaths of office.

It must have been a mind-boggling amount of work. And they had to do it all with virtually no resources.

The brand new country was in debt up to its eyeballs from the Revolutionary War. It had almost no revenue or economy. Infrastructure, even by pre-industrial standards, was nonexistent.

Yet at the same time, the new nation had enormous potential; the massive continent held vast resources, plus people willing to do the hard work to create lasting prosperity.

That version 1.0 of the United States changed over time— Civil War, Reconstruction, rapid industrialization, etc. But it wasn’t until the 1940s that ‘America 2.0’ took shape.

Word War II was still raging. But by early July 1944 it was clear that the Allies— led by the US— were going to vanquish the Nazis.

It was also that same month when representatives from around world held a formal gathering (which ironically also took place in New Hampshire) called the Bretton Woods Conference.

Bretton Woods was a big deal. Dozens of government officials from countries ranging from Australia, Bolivia, China, to Yugoslavia, literally got together in a room and signed a document formally anointing the United States as the world’s dominant superpower.

The Bretton Woods agreement was formally ratified and went into effect on December 27, 1945. And you could argue that this was the launch date of America 2.0: the biggest, most dominant military and economic superpower atop the new global order— entrusted with the global reserve currency, and armed with nuclear weapons.

America 2.0 went on to win the Cold War, invent much of the world’s most important technology, and become the global beacon of strength and prosperity.

But America 2.0 has been in decline for decades.

A quarter-century of war, unbelievable deficit spending, irresponsible bailouts, extreme government incompetence, etc. have led to a major decline of America’s prestige and status.

The national debt now exceeds $36 trillion. The interest bill alone on that debt is over $1.1 trillion per year and rising quickly, consuming 23 cents out of every single tax dollar collected.

Plus, major entitlement programs like Social Security and Medicare are set to run out of money within the next seven years, and those will require trillions of dollars in bailouts.

Frankly, politicians from both parties have fiddled while this dumpster fire burns.

But as the clock struck high noon yesterday in Washington DC, countless millions of people breathed a collective sigh of relief as Trump 47 announced boldly and confidently, without the slightest hint of doubt, “From this moment on, America’s decline is over,” to be replaced with a new “Golden Age” for the United States.

He may be right. I hope he’s right.

And if he is, future historians may look back— just as we have the luxury today of looking back to 1788 and 1945— and say that January 20, 2025 marks the emergence of America 3.0: a re-imagined, back-to-business, stronger, freer, less divided, more prosperous version of the United States that most people don’t even remember at this point.

And there are similarities between now and 1788.

The task back then was enormous— seemingly impossible. The debt was sky-high, and there were almost no resources to tackle the challenges.

Today, the work that needs to be done also seems extremely difficult. They’ll have to dismantle an entrenched, toxic bureaucracy; killing entire departments and programs; make deep cuts to the budget; eliminate thousands upon thousands of regulations.

Along the way their efforts will be stymied by deranged legacy media, blocked by litigation (likely in California’s activist 9th Circuit Court), and impeded by members of Congress from both parties.

Some of those obstacles existed in the 1790s as well. But today’s America has the benefit of having the most advanced economy in the world... so even if they don’t get everything right (which they won’t), as long as they head in the right direction and move quickly, they can make some serious gains.

So, again, they might pull it off. Perhaps this is the emergence of a new golden age.

But any rational person ought to seriously ponder the question: what if they don’t pull it off? What if they aren’t able to overcome the special interests, bureaucracy, media, and activist courts?

Well, in that case the decline may very well continue.

And fundamentally the question is, what will you do in that scenario? It’s really worth thinking about.

In fact, there is no better time to think about this question than when you’re feeling optimistic.

You don’t want to wait for things to get really bad to think about a Plan B; at that point you’ll be emotional and anxious— bad elements which prevent rational decision making.

So I’d encourage you to invest some of today’s optimism into thinking about credible risks— and what sensible steps you could take to reduce or eliminate the consequences in case this isn’t America 3.0, and they are unable to reverse the decline.

This is Plan B thinking. It’s sensible and rational.

How would you deal with the inflation? What about Social Security going away? How would you mitigate higher taxes, or more intense social divisions?

And when you are looking at options, it makes sense to have a global view.

Consider places that could give you the highest and safest return on investment. Or places where you could have a less expensive, more pleasant retirement, where your money goes further, and there is affordable, high quality healthcare.

I’m as optimistic as anyone right now. However, this is the whole point of a Plan B: you might not need it. But you and your family will be in a much better position for giving serious thought to some obvious risks.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/is-this-america-3-0-one-key-question-to-ask-yourself-151990/

More News, Rumors and Opinions Wed. Afternoon 1-22-2025

KTFA:

Clare:  Saudi Arabia prepares to acquire the largest gold mine in the world

1/22/2025

The Saudi company "Manarat Al-Maaden Investment" intends to buy between 10 and 20% of the "Reco Diq" project, the largest gold and copper mine in the world, located in Pakistan, with securing a purchase agreement for future production.

The mining fund (one of the company's owners) will buy the stake from the government of Pakistan, which owns 25% of the mine, for between $500 million and $1 billion.

The Rico Deck project, being developed by Barrick Gold, is expected to be one of the largest copper and gold mines in the world once completed, and will cost around $9 billion.

According to Barrick, the Reko Diq mine, located in western Balochistan near the Afghan and Iranian borders, will produce up to 400,000 tonnes of copper and 500,000 ounces of gold once the two phases of the project are completed.

In December 2024, the Pakistani government revealed its approval to sell a 15% stake in the mine to Saudi Arabia for $540 million, according to the Energy website.   LINK

Mon. 20 Jan. 2025: KABOOM! The Era of NESARA! Trump Paves the Way to Abolish Income Tax with Tariffs! Here’s the Deal! …Mr. Pool Secrets on Telegram

BREAKING: Trump’s bold plan to abolish income tax by replacing it with tariffs could be a game-changer for every American! Inspired by NESARA and McKinley’s economic success, this move could put more cash in YOUR pocket, shrink government waste, and fuel a NEW era of American prosperity.

A Historic Turn: Trump is tapping into America’s wealth potential by reviving the tariff strategy that McKinley successfully used in the late 1800s. Imagine an America where the government is funded by tariffs on foreign goods, and your earnings are finally untaxed! McKinley’s tariff-based model brought the U.S. unprecedented surplus wealth — a time when bridges, dams, and national parks were funded without taking a dime from American paychecks.

Flashback to McKinley’s Legacy: Back in 1887, tariff income was so high the government had more money than it could spend! It’s this model that Trump aims to reignite, bringing America back to an era of economic independence. Picture it: foreign entities paying to sell in America, while citizens keep every dollar they earn.

Trump’s Vision: NESARA’s Dream, Our Future: Trump’s tariff proposal aligns with NESARA’s promise of returning power to the people. Without income tax, Americans would keep more of what they earn, with the government funded directly through tariffs on foreign goods. This isn’t just a financial move; it’s a revolution. Imagine more cash in your pocket, more power in your hands, and America thriving on international wealth!

Tariffs vs. Income Tax: A Modern Economic Shift: This isn’t just about saving you money; it’s about ending a taxation system that’s buried Americans in complexity and bureaucracy. No income tax means a leaner government, less IRS interference, and a boost in disposable income for every American.

Why This Works: With tariffs, foreign companies pay their way into the U.S. economy, filling our coffers while we keep our earnings intact. This isn’t just patriotic; it’s economically brilliant. Every dollar YOU earn stays with you — and our nation thrives on the wealth of international trade.

Downsizing Government Bureaucracy with Musk’s Efficiency: Imagine if someone like Elon Musk streamlined the government to align with this vision. With his knack for efficiency, he could eliminate bureaucratic waste, transforming America’s financial landscape into a leaner, stronger, and more self-sufficient powerhouse.

Trump’s Tariff Talk: No Coincidence!: This isn’t just a campaign gimmick. Trump is paving the way for a seismic shift that would unshackle Americans from income tax once and for all. The model worked over a century ago — and with the right strategy, it can work again, empowering Americans to thrive on their own terms.

A Vision for NESARA’s Promise: Economic Sovereignty Returns!: Imagine an America where YOUR hard-earned dollars aren’t siphoned by income tax. NESARA’s concept of returning economic power to the people aligns with Trump’s vision, giving Americans the freedom to grow, save, and build their future without the IRS breathing down their necks. This is the dream of NESARA, reimagined for a modern America.

What Does This Mean for YOU?: Higher disposable income, simplified finances, and an America First economy driven by U.S. citizens, not bureaucrats. This is the revolution you’ve been waiting for — a call for economic freedom and national pride. With Trump’s tariff plan, America is on the brink of reclaiming its economic sovereignty, and YOU are the key to making it happen.

https://dinarchronicles.com/2025/01/22/restored-republic-via-a-gcr-update-as-of-january-22-2025/

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

Jeff  The number one thing that's going to resolve [Bagdad and Kurdistan issue] is going to be the oil and gas law.  This is why they seem to have this never-ending matter of differences...They need the oil and gas law completed.  That's what resolves all these matters...The oil and gas law is a never-ending subject because it's waiting for the rate to change to complete...

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:Mr Sammy says...Amendment of Article 12 has nothing to do with the rate change.  Article 12 is for the Kurds to get their money to cover their cost of extracting and transportation of salaries for the oil...Next they say we will have the budget tables. FRANK: That means the budget now is going to be read line item by line item by line item and the only way to fund those line items...The funding will have to be based on a different exchange rate because you cannot fund this budget at a program rate...Everybody waits for the new exchange rate.  Everything waits for it... FIREFLY:  We are very very close.

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

Bubbles, Bubbles Everywhere...

Lynette Zang :  1-22-2025

In today's live we are talking about the bubbles that exist in many parts of the economy from crypto assets to housing markets, and much much more...

https://www.youtube.com/watch?v=Q215wZ7mA_Q

Introducing ERS, Ending Income Tax as we Know it

Introducing ERS, Ending Income Tax as we Know it

Mark Moss:  1-21-2025

What if the dreaded annual ritual of filing income tax could be banished to the history books? Imagine a world where your hard-earned paycheck isn’t immediately chipped away by the IRS.

It might sound like a financial fantasy, but President Donald Trump is suggesting just that, with a revolutionary proposal to fundamentally alter the American taxation system.

Trump’s plan, dubbed the External Revenue Service (ERS), isn’t about tinkering around the edges. It proposes a complete overhaul, aiming to remove the burden of income tax from American citizens entirely.

The radical shift? Generating government revenue not from internal income, but primarily from foreign trade. This audacious plan, far from being a modern invention, actually echoes the way the U.S. used to fund itself in the past.

Mark Moss, a financial commentator known for his insights, has delved into the details of Trump’s ambitious ERS proposal, revealing the potential ramifications for the U.S. and the world. This isn’t just a political talking point; it’s a seismic shift in financial philosophy that could redefine how America funds its government.

The premise of the ERS is surprisingly straightforward: instead of taxing your wages, the government would primarily collect revenue through tariffs and other fees on goods and services entering the U.S. This would mean that businesses importing goods would contribute directly to government funds, rather than individuals shouldering the burden of income tax.

Skeptics abound, and for good reason. Implementing such a sweeping overhaul of the taxation system would be an incredibly complex political undertaking. There would need to be a complete overhaul of infrastructure and potentially new departments to facilitate this change. This would involve a huge amount of legislative support and public buy-in.

While the probability of the ERS becoming a reality remains uncertain, the discussion itself is crucial. Whether it succeeds or not, this proposal could initiate a much-needed conversation about the very foundations of taxation and whether the current model best serves America.

President Trump’s ERS proposal is far more than just a political talking point; it’s a potential paradigm shift in how governments are funded and how citizens participate in the economy. While challenges and uncertainties remain, the prospect of a tax system that frees Americans from income tax is a tantalizing one.

Whether this radical vision comes to fruition or not, it’s undoubtedly a financial development worth watching, as it could very well be one of the most significant financial shifts of our lifetime.

https://youtu.be/u_mVPIZPpfk

“Coffee With MarkZ” Wednesday Morning Chat 1-22-2025

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: A very chilly good Wednesday morning!!!

Member: Mark are you still feeling like it will happen this month?

Member: MilitiaMan theorizes that the ID is worth 40% more than the Kuwait dinar due to oil reserves. My math guesses it will be around $4.50+ or –

MZ: I very much agree with MilitiaMan. I don’t know if he took into account the 2 billion barrels of oil they just discovered this week…..but it is looking good..

Member: Glad to see everyone here today….any news from historic bond folks yet Mark?

MZ: We did get one update from a bond conference call last night that yes….They were told in that call that President Trump was the magic and things are now moving forward. They have their marching orders and expect to deliver everything to them tomorrow on their final contracts.

MZ: That now makes two check-ins saying now that Trump is in office- the decision was made and they are now moving forward. I am very hopeful to get more confirmations from other bond contacts today.

Member: So have they been PAID?

MZ: No they have not been paid yet –They were told they are putting money in accounts to be funded on Thursday. That is what they expect as of last night.

Member: Historical Bondholders will be Hysterical Bondholders if not getting their fungible $$ now

Member: Do we still have to wait for 30% of the bonds to go before we get to go?

MZ: I don’t think we have to wait for 30% to go. I think now- when they pull the trigger it will all go at one time…..at this point…

Member: Didn't ol Charlie Ward say it would be on a Thurs? fingers crossed

Member: What is happening in Reno?

MZ: That is where one of my bond updates came from. Specifically on German Bonds

Member: funny that Pres trump is going to California on Friday to visit the fire area….AND stopping in Nevada to thank them for voting for him. Could he be stopping in Reno possibly…..I think he could …sure is a coincidence.

Member: I wonder what's the ETA for IQD appearing on Forex?

MZ: I may get egg on my face- but I think we may see the IQD on forex Saturday night into Sunday Morning

MZ: I have not yet heard anything from the Indian Nations and three big 4a groups.

Member: if Pres Trump wanted to make America Great Again, why would he not get this trigger pulled ASAP?

MZ: He has only been president 48 hours…..patience.

Member: What's the connection between bonds and iraqi RV?

Member: Historic bonds are supposed to go right before we currency holders get notifications to exchange….so once bonds start paying….we know we are next in line.

Member: Mark, if you are saying these bond holders are 4A, does this mean we are THAT close?

Member: tiers posted years ago….probably still valid: There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), historic bonds etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

MZ: “Member of parliamentary finance determines the most dangerous matter in the 2025 budget” he says its getting the budget completed so things can stay on track with projects…..This is a huge part of the future and growth of Iraq. They need to settle budget this week so the projects do not stall. .

Member:  Bank source told me yesterday that a guy said he was leaving the bank to go to redemption center. I was told he used to work for the federal government in finance and has been waiting for 18 yrs.

Member: Any new predicted rate on dinar and dong.

MZ: Still hearing and what makes the most sense is $4-$4.50 on dinar and $2 to $3 bucks on the VND. Some of the rates we have seen most often is $3.90 to $4 showing up on dinar and $2.40 to $2.50 showing up for the dong. We won’t now for sure until we are at the banks.

Member: I am friends with a Vietnam family - they confirmed just above $2.00 - they brought me Dong

​​Member: Rumor- I’ve heard lower notes are in ATM’s in Iraq.

MZ: My boots on the ground say the ATMS don’t have LD’s in them yet. Contacts that work in banking over there say they do have them ready and the technology and machines are there and they could start distributing lower denominations at any moment.

Member: We may be still waiting for Gold backed currency for the US??

Member: Mark- will you still have a special livestream as soon as it happens?

MZ: I absolutely will have a live stream the minute it happens …everything is set up to quickly go “live”

Member: Wolverine and Bruce both openly admitted being fed disinformation to throw off the timing of this.

Member: My guess is many were fed misinformation for that reason.

Member: I can’t wait for the day everything is in the up and up - no more reading between the lines, no more “movie”, no more BS! I’m ready for REAL!!!!!!!

Member: There is so much hope and optimism in our world. We must be patient and use our ears more than our mouth during this transition.

Member: Thanks Mark and mods…everyone have a wonderful 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=N_GPnL_rVlA

Seeds of Wisdom RV and Economic Updates Wednesday Morning 1-22-25

Good Morning Dinar Recaps,

EU ENFORCES STRICT STABLECOIN REGULATIONS, ORDERS REMOVAL OF NON-COMPLIANT TOKENS

The EU regulator has ordered all crypto exchanges to remove unauthorized stablecoins like Tether by March 2025, with a ban on new acquisitions starting January 2025, as part of its comprehensive stablecoin regulation implementation.

▪️EU regulator ESMA mandates crypto exchanges remove non-compliant stablecoins by end of Q1 2025
▪️Tether’s USDT will be affected as it lacks EU authorization and has no plans for MiCA compliance
▪️Exchanges must stop enabling clients to acquire unauthorized stablecoins by January’s end
▪️Clients holding non-compliant stablecoins have until March to convert to compliant alternatives
▪️Major exchanges like Coinbase have already begun restricting services for non-compliant stablecoins

The European Securities and Markets Authority (ESMA) has issued a clear directive to the 27 EU member states requiring the removal of non-compliant stablecoins from trading platforms.

 The announcement sets a firm deadline of Q1 2025 for full compliance with the EU’s stablecoin regulations.

Under the new requirements, crypto asset service providers (CASPs) must cease offering trading services for unauthorized asset-referenced tokens (ARTs) and electronic money tokens (EMTs). This mandate specifically targets stablecoins that lack proper EU authorization, notably affecting major players like Tether’s USDT.

The timeline established by ESMA requires exchanges to stop enabling new acquisitions of unauthorized stablecoins by the end of January 2025. Current holders of these assets will have until the end of March to convert their holdings to compliant alternatives, ensuring an orderly transition in the market.

Leading cryptocurrency exchange Coinbase has already taken steps to align with these requirements. The company restricted services related to non-compliant stablecoins for its Retail, Exchange, and Prime Vault customers across its European operations starting December 13, 2024.

Tether, one of the largest stablecoin issuers globally, has shown its response to the regulatory pressure by discontinuing its euro stablecoin, EURT, in November. The company has not obtained the necessary e-money license to operate within the EU, unlike competitor Circle, which secured its license in July.

The European Commission has provided additional clarity on the regulations through Peter Kerstens, an advisor involved in drafting the legislation. Kerstens emphasized that the rules are straightforward: unauthorized crypto-assets cannot be listed, regardless of their underlying currency.

Questions had arisen in the crypto community about whether the regulations would affect stablecoins that were already listed before the MiCA regulations came into force. The Commission’s clarification confirms that pre-existing listings are not exempt from the new requirements.

The regulatory framework requires that any entity offering or seeking admission for stablecoins within the EU must either be a bank or an e-money institution and publish a white paper. Third parties may offer these tokens only with the issuer’s consent, and the issuer must still maintain proper authorization.

ESMA’s clarification came after the authority itself sought guidance from the European Commission, highlighting the complexity of implementing these regulations.

This consultation process has resulted in a clear interpretation: crypto exchanges qualify as third parties seeking admission and must ensure their listed stablecoins comply with all regulatory requirements.

For crypto exchanges operating in the EU, this means conducting a thorough review of their stablecoin offerings. They must verify that each listed stablecoin either has proper authorization or must be removed from their trading platforms by the specified deadline.

The regulations also address concerns about monetary sovereignty, particularly regarding non-Euro stablecoins. However, these rules primarily focus on real-world payments rather than crypto trading activities.

EU authorities are emphasizing the importance of an orderly transition to prevent market disruption. Exchanges are expected to communicate clearly with their users about the upcoming changes and provide guidance on converting non-compliant stablecoin holdings.

Industry observers note that these measures align with the EU’s broader strategy to create a regulated and secure cryptocurrency market. The clear deadlines and requirements aim to provide stability and protection for market participants.

Current holders of non-compliant stablecoins are advised to stay informed about their exchange’s compliance timeline and prepare for the necessary conversions before the March deadline. Exchanges are expected to provide detailed instructions and support for this transition process.

@ Newshounds News™

Source:  Blockonomi

~~~~~~~~~

CIRCLE STRENGTHENS USDC ECOSYSTEM WITH HASHNOTE ACQUISITION AND TOKENIZED FUNDS

▪️Circle’s acquisition of Hashnote and integration of USDC and USYC into the Canton Network strengthen its position in tokenized finance, bridging DeFi with traditional markets.

▪️Circle’s innovations and increased demand for tokenized assets could drive Ethereum adoption, reinforcing its role as a foundational blockchain in global finance.

After Circle donated 1 million USDC to Trump’s inaugural committee, CNF highlighted this as a significant step in showcasing stablecoin acceptance in mainstream politics. Circle’s next move, the acquisition of Hashnote, further expands its influence in tokenized asset growth and the $48 billion USDC stablecoin ecosystem.

Hashnote, a leader in tokenized real-world assets and creator of USYC, a $1.3 billion tokenized money market fund, is a strategic acquisition that positions Circle at the forefront of bridging blockchain technology with traditional finance. The acquisition was announced in a tweet, emphasizing its positive implications.

The integration of USYC with Circle’s platform enables it to serve as yield-bearing collateral on major digital asset exchanges and institutions, strengthening both the USDC and USYC ecosystems.

Strengthening USDC and USYC Ecosystems

Circle plans to integrate USDC and USYC into the Canton Network, a blockchain designed for real-world asset transactions backed by leading financial institutions. 

A tweet from Circle highlighted the partnership with DRW, a prominent traditional and crypto market player via its affiliate Cumberland, as a critical step in enhancing institutional adoption and operational efficiency in digital finance.

The partnership with DRW, a major player in traditional and crypto markets via its affiliate Cumberland, is a huge unlock for supporting USDC and USYC and elevating institutional adoption and operational efficiencies in digital finance.

This integration provides seamless convertibility between cash (USDC) and yield-bearing assets (USYC), ensuring liquidity and bridging decentralized finance (DeFi) with traditional financial markets. Circle’s collaboration with Cumberland also improves liquidity and collateral management for institutional digital asset transactions.

Circle CEO Jeremy Allaire emphasized the company’s commitment to shaping the future of tokenized finance by uniting liquid payment systems with yield-bearing assets. This acquisition marks a significant step toward creating a unified system where tokenized cash and money markets coexist, driving adoption across global trading platforms.

Implications for Ethereum’s Ecosystem and Market Value

These developments have substantial implications for Ethereum, the blockchain supporting both USDC and USYC. As Circle strengthens its tokenized asset ecosystem, demand for Ethereum’s network is likely to rise due to increased transaction volumes and DeFi integrations.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

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

9 Bad Money Habits To Ditch in 2025

9 Bad Money Habits To Ditch in 2025, According to Rachel Cruze and George Kamel

Angela Mae  Mon, January 20, 2025   GOBankingRates

Personal finance gurus Rachel Cruze and George Kamel recently released a video about things to stop doing with your money in 2025. In the video, they covered some key bad money habits people often fall victim to, many of which require some degree of work to break.

If you want to improve your own financial habits and start 2025 right, here’s what Cruze and Kamel suggest you stop doing right now.

Putting Your Financial Goals Aside

If you’ve been putting your financial goals on the back burner, it’s time to make a change. Don’t wait to do something good for your finances. Do it as soon as you can.

According to Kamel, people often say, “I’ll just do it next year, I’ll get to that later or I’ll save when I’m older.” But this can be problematic since, in most cases, working toward and achieving those goals takes time. The longer you wait to get started, the harder it is to get to where you need to be.

Not Knowing What’s in Your Bank Account

Cruze pointed out that many people don’t really know what’s actually in their bank account when making a purchase. This ties in to the concept that ignorance is bliss, but it’s a problem when the money simply isn’t there — or should have been saved for something more important.

Kamel gave the example of someone who says, “I don’t want to look at my bank account because I don’t need that negative energy in my life.” This leads to avoidance rather than a tangible solution.

Judson Brewer, a psychiatrist and doctor, told Chime that financial avoidance tendencies stem from survival instincts, in which we try to avoid pain and seek pleasure. In fact, unexpected bank fees, including overdraft fees, affected 20% of Americans in 2023, per a Chime study.

Using Your Credit Card as an Emergency Fund

TO READ MORE:  https://www.yahoo.com/finance/news/9-bad-money-habits-ditch-160018000.html

“Tidbits From TNT” Wednesday Morning 1-22-2025

TNT:

Tishwash:  Iraq's economy on the verge of collapse.. Expert warns of the consequences of not passing the amendment to Article 12

Oil expert Kovind Shirwani commented on Tuesday (January 21, 2025) on amending Paragraph 12 related to the export of Kurdistan Region oil.

Sherwani told Baghdad Today, "The amendment was submitted by the Federal Government Presidency in consultation with the Ministry of Oil, and it addresses a major dispute over calculating the region's oil production fees."

He added, "Because of the dispute, the region's oil exports were halted for 22 months, and the losses to the Iraqi economy due to the halt of 400,000 barrels of oil per day reached 18 billion dollars."

He pointed out that "not obstructing the amendment of Article 12 will harm all of Iraq and the country's economy, which loses between 800 and 900 million dollars per month due to the halt in exports. Passing this amendment will support the budget with these funds, and thus the first beneficiary of passing the amendment is the Iraqi economy, and not passing it is the Iraqi economy. It is unfortunate that this amendment is portrayed as serving the region only, and this is a great fallacy."

The Finance Committee of the House of Representatives announced on Sunday (January 19, 2025) the imminent vote on amending Article 12 of the budget related to the Kurdistan Region’s oil, while pointing to the most prominent proposals submitted to amend this paragraph.

The head of the committee, Atwan Al-Atwani, said in a speech during a committee meeting, according to a statement received by "Baghdad Today", that "the committee's meetings are continuing to discuss amending Article 12 of the budget law related to the Kurdistan Region's oil," indicating that "the committee has reached the final stages of completing the hosting and providing a lot of information in preparation for voting on the amendment today."

He added, "It is necessary for there to be a decision from the committee to submit the draft law to a vote," expressing his hope that "an agreement will be reached to vote on this draft law, which complements the 2023 budget."

He pointed out that "a number of committee members have raised many paragraphs and submitted proposals, and we will raise them so that everyone is aware of them, but they cannot be added considering that the project is an amendment and not budget tables," indicating that "the committee's opinion from the beginning is to proceed with amending the law, but we do not want the clauses and amendments to be like their predecessors, unproductive amendments."

Al-Atwani explained that “the committee added to the amendment paragraphs the obligation of the parties, whether the Ministry of Finance or the Ministry of Oil Resources, to abide by the outputs of the consulting company,” stressing that “there must be an obligation for both parties.”

Al-Atwani concluded by saying: “The consulting company must have a working period that may end in 2025, and it has not achieved results,” stressing that “we are keen to implement the results during this year to be a basis for 2026 link

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

Tishwash:  Al-Sudani: Iraq is a pivotal partner and national decision-making sovereignty is a priority

Prime Minister Mohammed Shia al-Sudani stressed that Iraq has a special status in dealing with the will to survive, stressing that "the Iraqi people are among the most proud and self-confident personalities, and cannot be subject to anyone, whoever they may be.

The Prime Minister said, in an interview with Elaph website: Washington is a major partner of Iraq, and the government is working to build a stable institutional relationship with it, noting that the government is determined to build a new Iraq based on its cultural heritage.

Al-Sudani pointed out that portraying Iraq as subordinate to any country contradicts the historical character of the country," stressing that "the relationship between Iraq and the United Kingdom enjoys a unique special status."

He added that "Baghdad is working to build a stable institutional relationship with Washington, as the United States remains a major partner of Iraq, and we are committed to a policy of openness and true partnership," indicating: "Today we are facing a new stage in our relationship with the United Kingdom, and Iraq plays a pivotal role as an effective mediator between various regional parties, and Baghdad has become a center for calm dialogue that aims to bridge the gap between the parties."

He explained that "Riyadh is a partner “It is essential to 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,” stressing that “the country is moving confidently towards institutional reform.”

He pointed out that “the government is working to integrate the armed factions within the legal and institutional frameworks, and is determined to build a new Iraq based on its Arab cultural heritage.” link

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

Tishwash:  The President of the Republic discusses ways to enhance relations between Iraq and Honeywell Energy Company

President of the Republic Abdul Latif Jamal Rashid discussed ways to enhance relations between Iraq and Honeywell Company in the oil and energy industries.

The presidency said in a statement, "President of the Republic Abdul Latif Jamal Rashid received today at his residence in Davos, CEO of Honeywell Energy and Sustainability Solutions Ken West.

The statement added, "During the meeting, ways to enhance relations between Iraq and Honeywell Company in the oil and energy industries were discussed.

The President of the Republic referred to the current stability in Iraq at all levels and the investment opportunities available in various sectors. The

President stressed Iraq's desire to develop the management of oil and gas wealth in Iraq and control the burning of associated gas due to its impact on air quality, explaining Iraq's readiness to activate communication mechanisms and provide the necessary facilities for the work of Honeywell Company and exchange experiences with it in a way that helps raise the level of the energy sector in the country.

For his part, West stressed Honeywell's desire to develop relations with Iraq at all levels, especially investment in the field of oil industries and the development of wells, in a way that enhances the positive partnership link

Mot: ...... Ain't Gunna Lie

Mot: .. Ssiiiigggghhhhhhh!!!! 

News, Rumors and Opinions Wednesday AM 1-22-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 22 Jan. 2025

Compiled Wed. 22 Jan. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 21 Jan. 2025 Wolverine:“We were told that everything was going to start today, and guess what? It IS to start today. I mean notifications should come out, and everything starts tomorrow with funds being released.

I have spoken to platform owners and they have the payment orders. And tomorrow, things will start rocking!

Wolverine cont……Not everyone starts tomorrow. It is a process. Some will start tomorrow, some will start the next day and the next, but it starts from tomorrow onwards.

Some platforms will go Feb 1st or 2nd, some platforms a bit longer. But with the Grace of God, tomorrow is to be D-Day.

Iraq was to start yesterday. But it looks like this will start TODAY. It is now 4 a.m. in Iraq, and hopefully in a couple of hours’ time, that Dinar will go international on the Forex and we will get the big news in a couple of hours’ time so we can celebrate.

This has been a long journey for all of us. Many of people have been told to go to the banks for quite a while and nothing has happened, but now it seems all is ready. The Liquidity and money is there and we are ready to go.

Just yesterday, I put a post about thanking Charlie Ward. I have spoken to Charlie a couple of times, and he told me a while back that nothing would happen till Biden is removed, and that was nearly two years ago. However, I was still getting all the intel otherwise, and others were also getting intel to the otherwise: Bruce, MarkZ, and others were used to create misinformation to catch the “bad people”

Am I being used now? I do not think so, no, because the people I have spoken to, people who actually have appointments with banks, and I’ve seen bank accounts all is ready to go. THIS TIME IT IS REAL. IT IS REAL! Am I excited.

I am excited because tomorrow I know we will be able to celebrate.

In Australia, we have the HSBC. We were told we may have Citibank, but HSBC is the one in Australia. In America there is Wells Fargo and Bank of America. Chase got removed from the RV a while ago. For England, I believe it is HSBC.

You will find out your location when you call your 800 number and they will give you the information.

Yellow Dragon Bonds as soon as we get the message that those tables are closed, they will be closed on that platform. All platforms will be closed.

~~~~~~~~~~

Mike Baraba: I have two contacts on the B side of it, will not mention platforms and two people in Iraq who tell that the vote they were to take, is to be done later, and we should wake up to it tomorrow (paraphrased). I will have my phone on ring tonight for any calls or texts.

Mon. 20 Evening Jan. 2025 “Well folks from everything I’m hearing, the rate has been established, the CBI is recognized by FOREX. The people in country are spending the lower dominations – dinar. And it is the premiere who is withholding the release for a political consideration from his cabinet.”

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

~~~~~~~~~~

Global Financial Crisis:

Mon. 20 Jan. 2025: Outgoing Treasury Secretary Janet Yellen announced that the United States will reach its debt ceiling on January 21, putting President-elect Donald Trump in the position of addressing a national fiscal emergency immediately after taking office. This unexpected warning leaves the incoming administration scrambling to prevent a government default. In a letter to House Speaker Mike Johnson (R-LA) and other congressional leaders, Yellen  explained that the Treasury would begin “extraordinary measures” to avoid breaching the debt limit.

These measures include suspending federal investments in key retirement and healthcare funds until the debt ceiling is either raised or suspended. “The debt limit does not authorize new spending, but it creates a risk that the federal government might not be able to finance its existing legal obligations,” Yellen wrote, pressing Congress to act promptly.

Tues. 21 Jan. 2025 A NY Sun article argues that divergent central bank policies and interest-rate cuts spark “beggar-thy-neighbor” currency devaluations, undermining free trade by tilting competitive advantages and fueling retaliatory tariffs. It highlights how the Bretton Woods system once provided the stable monetary foundation that enabled robust postwar growth, and proposes that President Trump restore a gold-backed dollar to reestablish both U.S. leadership and a fair playing field in global trade. https://www.nysun.com/article/heres-a-first-step-toward-president-trumps-golden-age-for-america 

Read full post here:  https://dinarchronicles.com/2025/01/22/restored-republic-via-a-gcr-update-as-of-january-22-2025/

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

Jeff  The critical part is we want to see them advance to the [budget] schedules but the rate has to change before the schedules can be approved...The schedules are the line items in the budget that are calculated off of the new currency value.

Militia Man  ...Progress is happening.  They don't have to tell us everything...That's not their job.  They can't just say, 'We're going to revalue the currency tomorrow at $4 or $2 or $1 because it's like insider trading...That's not going to happen but what they are doing is they are giving you data to some extreme especially since al-Sudani has taken office.

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

BREAKING NEWS Iraqi Leaders Vote on Controversial Bills Secretly

Edu Matrix:  1-21-2025

BREAKING NEWS: Iraqi Leaders Vote on Controversial Laws!

As the world focuses on the new U.S. President, significant political shifts are unfolding in Iraq. Join us as we dive into the urgent decisions being made by Iraqi leaders regarding three critical laws, including the Personal Status Law, Property Restitution Law, and General Amnesty Law.

These proposals could reshape the future of Iraq amidst rising tensions. Stay tuned for additional breaking news about Iraq's newfound oil reserves set to boost its economy, and insights on Iran's influence over Iraq's government.

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

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

Central Bank of Iraq's sales of foreign remittances reach more than 94%

Time: 2025/01/21 Reading: 910 times  {Economic: Al Furat News} Foreign transfers in the sales of the Central Bank of Iraq, on Tuesday, reached more than 94% with the participation of 7 banks and 19 exchange companies.

The bank sold in its auction today 287 million, 882 thousand, and 784 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to 273 million, 323 thousand and 784 dollars, at a rate of 94.87%, compared to cash withdrawals amounting to 14 million and 550 thousand dollars.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 6 banks, and the total number of exchange companies participating in the auction was 19 companies.  LINK

Foreign Ministry: Decision To Downgrade Security Classification Will Open Door For British Companies To Enter Iraqi Market

Money and business  Economy News – Baghdad   The Foreign Office on Tuesday welcomed the UK's decision to downgrade Iraq's security rating.

The ministry said in a statement, seen by "Al-Eqtisad News", that "the Ministry of Foreign Affairs welcomes the decision of the United Kingdom to reclassify the security level in Iraq, and considers this step an important achievement that reflects the significant improvement in the security situation and the Iraqi government's ongoing efforts to achieve stability and enhance a safe and encouraging environment for investment and work."

It added that "reducing the security classification will open the way for British companies to enter the Iraqi market, and the decision will contribute to reducing the costs of travel and work insurance, which will enhance opportunities for economic and investment cooperation between Iraq and the United Kingdom.

" It continued, "In this context, the ministry calls on other Western countries, including the United States of America, Canada, and the European Union countries (Germany, France, Belgium, Italy, Austria, and the Netherlands), to reconsider their security classifications for Iraq, and the ministry encourages these countries to take similar steps that support Iraq's efforts to enhance economic cooperation."

The ministry confirmed that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein will work to send official messages to the concerned countries, urging them to review their security classifications for Iraq in line with the positive developments and the noticeable improvement in the security situation."

The ministry renewed, according to the statement, "its commitment to work with its international partners to strengthen bilateral relations and provide an appropriate environment for expanding cooperation in various fields, in a way that serves common interests and enhances stability and development in Iraq and the region."    https://economy-news.net/content.php?id=52172        

"Al-Eqtisad News" Publishes The Full Decisions Of The Cabinet Session

Money and business   Economy News – Baghdad  Al-Eqtisad News publishes the full decisions of the third Cabinet session, which was held today, Tuesday, headed by Prime Minister Mohammed Shia Al-Sudani.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Al-Sudani chaired, today, Tuesday, the third regular cabinet session of the current year, during which the general conditions in the country were discussed, important files and issues and priorities for implementing the government program were discussed, in addition to discussing the topics included on the agenda and taking the necessary decisions regarding them."

The statement added, "The Council of Ministers decided to suspend official work in all state departments and institutions in the capital, Baghdad, on Sunday, January 26, 2025, on the occasion of the commemoration of the martyrdom of Imam Musa bin Jaafar al-Kadhim, peace be upon him."

He explained that "following up on the progress of implementing the government program and the digital data related to the achievements, the Council of Ministers reviewed the fourth semi-annual report of the government program in terms of achievement and implementation of the program and it was approved, as the total achievement rate of the targets during the government's lifetime reached (73%), while the interim achievement rate for all targets reached (86%), and the data on the total achievement of (403) targets of the program was confirmed."

He added, "Regarding the submission of government program implementation reports by ministries and state institutions, the Council of Ministers agreed that all ministries and relevant authorities should express their observations on the fourth semi-annual report to follow up on the implementation of the government program, each according to its specialization, until the official working day of Thursday, January 23, 2025, provided that the Secretariat of the Program Implementation Follow-up Team undertakes to make the necessary amendments in accordance with the rules, and submit the report under discussion in its final form to the Prime Minister for approval and submission to the House of Representatives, based on the provisions of the Council of Ministers' internal regulations for the year 2019."

The Council of Ministers continued the approach of evaluating the performance of officials and general managers, according to the previously approved principles, and voted to confirm (14) general managers after the evaluation, in various government departments.

The statement indicated that, "Within the energy sector projects, the Council approved the principles of cooperation between the Ministry of Electricity and Stellar Energy, and proceeded with implementing the terms of the agreement, and authorizing the Ministry of Electricity with the necessary authority to contract with the aforementioned company, as an exception to the contracting methods in implementing government contracts, in a manner that ensures speedy completion and achieving the desired goal, and that the contract enters into force when financial allocations are available."

It was decided that the Ministries of Finance and Planning would include the principles of energy cooperation within the budget allocations for the year 2025, in the amount of two billion dollars, for the first phase, so that the second phase of the loan would be completed within the budget allocations for the year 2026, and the Minister of Electricity would be authorized to issue subsequent approvals regarding the signing of the principles of cooperation between the Ministry of Electricity and Stellar Energy Company, as an exception to the instructions for implementing government contracts.

He pointed out that "within the file of developing oil sector projects, the Council followed up on the Nasiriyah field expansion project, with a capacity of (100,000 b/d - Dhi Qar Oil Company), where it was approved to amend Cabinet Resolution (30 of 2021) to include adopting the implementation method (EPC), instead of (EPCF), with an amendment to the total cost of the project, and deleting the paragraphs from the aforementioned resolution, related to the sources of funding, as the project is included in the investment budget for the year 2024. It was also decided that the Ministries of Planning and Finance would send a letter to release the financing to open the documentary credit, according to the dues due for the project within the fiscal year 2025 and subsequent years, and the commitment of the Ministry of Finance to finance the aforementioned documentary credit."

Regarding the development of the Bin Omar and Sinbad oil fields in Basra Governorate, the Council of Ministers approved the signing of the Principles Agreement (HOA) with Halliburton to develop the two fields, using the Integrated Management System (IFMS) and Engineering, Construction and Procurement (EPCM) method with national effort, and it is treated as a licensing round, according to a statement from the Prime Minister’s Media Office.

He added, "In the field of settling the financial and administrative matters of the Anbar Combined Power Plant Project, the Council of Ministers approved the cancellation of the amount of debt owed to the Ministry of Transport/General Company for Iraqi Ports by the Ministry of Electricity, amounting to (12,448,608) billion dinars, regarding fines and grounds for equipment for the Anbar Combined Power Plant Project for two shipments; because they contained specialized equipment with high weights and large standard sizes; based on the provisions of the Federal Financial Management Law (6 of 2019) amended."

He explained that the Council approved the recommendation of the Ministerial Council for the Economy regarding the purchase of specialized equipment for ground services for the Ministry of Transport, in accordance with what was stated in the Ministry’s letter on January 19, 2025.

He pointed out that "in order to follow up on the environmental issue and activate the work of the General Company for Carbon Economics, the Council of Ministers decided to include the Ministry of Finance with an amount of (10) billion dinars, to the Ministry of Environment / General Company for Carbon Economics, within the estimates of the budget tables for the year 2025, in order to cover the founding operating expenses, and to achieve the company's goals stated in the founding statement, published in the Iraqi Gazette in issue (4764) on March 11, 2024."

The statement added, "The Council of Ministers followed up on the project to establish an integrated medical city in Dhi Qar Governorate, and approved the recommendation related to referring the medical city project/turnkey delivery from the relevant committee in the Dhi Qar Governorate Reconstruction Fund to the China State Construction Engineering Corporation, Limited Liability Company, based on the provisions of the Dhi Qar Governorate Reconstruction Fund Instructions (2 of 2021)."

He explained that "for the purpose of ending the financial matters related to Covid-19 vaccines, the Council of Ministers approved the authorization of the Minister of Health, or his representative, to contract with UNICEF to provide the Ministry of Health with its needs of medicines, medical and laboratory equipment and supplies, and other needs, according to the Ministry's need from the reserve of vaccines related to (Covid-19), and other vaccines for previous years combined with UNICEF, amounting to (28,154,000) million dollars, as an exception to the contracting methods for implementing government contracts."

He added that "in order to manage and organize the affairs of expatriates, the Council approved the adoption of the Iraqi National Insurance Platform for the categories (expatriates and foreign visitors), and obligated the Ministries of (Foreign Affairs, Labor and Social Affairs, Culture, Tourism and Antiquities), the National Investment Commission, and the Kurdistan Region of Iraq Representation, not to grant any visa or entry visa, except after obtaining an insurance document from the aforementioned platform, based on the provisions of the Health Insurance Law (22 of 2020).

The Council of Ministers approved the draft law on the ratification of the Republic of Iraq of the Mecca Agreement of the Member States of the Organization of Islamic Cooperation for Cooperation in the Field of Enforcing Anti-Corruption Laws signed in the State of Qatar (November 2024), and referred it to the House of Representatives, based on the provisions of the Constitution.

The Council followed up on infrastructure projects, and the completion of stalled projects, and approved the following:

1- Increasing the reserve amount and the total cost of the project (establishing two internal department complexes for boys and girls at Tikrit University).

2- Reducing the cost of the component (rehabilitation of Al-Badri Irrigation Project), including a new component for the remaining works, and increasing the cost of the main project (Al-Badri Irrigation Project) in Al-Muthanna Governorate.

3- Reducing the cost of the component (lining the Abu Alamah River in the Al-Bu Khadir area), including a new component for the remaining works, and increasing the cost of the main project (the river lining project) in Al-Muthanna Governorate.   https://economy-news.net/content.php?id=52174

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

8 Purchases You Should NEVER Make With Your Credit Card

8 Purchases You Should NEVER Make With Your Credit Card

In an attempt to keep their money safe, most Americans are tempted to reach out to their plastics instead of paying with cash. While there are many disadvantages when paying with cash, such as security, credit cards are no good either. At least not when referring to certain purchases.

Your credit card is not the best form of payment, especially when you’re struggling with debt. Fortunately, if you’re facing a ton of debt, you can still keep your finances safe and avoid adding more debt by steering clear of the following credit card purchases.

1. Household Bills

As more and more American adults struggle to pay their household bills, they have no choice but to use their saving accounts. Cellphone, utility, as well as cable bills, shouldn’t be paid with a credit card.

How so? Because if you’re not used to paying off (or you just can’t) your full balance every single month, you will face an interest that will make your household bills even more expensive.

2. Cars

Most car dealers don’t agree with credit card purchases and that’s mainly because they will have to pay fees in order to process transactions. However, if you don’t have the possibility to pay for the car outright, you should definitely visit a credit union or your current bank to get approved for a car loan.

Thankfully, to get the best interest rate possible, you can compare the vast majority of auto loan rates online.

3. Retail Therapy

If you think that a new purchase will boost your mood levels, you’re wrong. You’ll probably be happier for, let’s say two hours after making the purchase, but you will most definitely regret it the next day when you’ll see that your credit card balance went nuts.

4. Medical Bills

Are you using a medical credit card in order to pay the bills? If that’s the case, make sure to check the fine print, especially your obligations regarding when and, more importantly, how interest is charged.

Also, if possible, try to reduce your health care costs as much as you can.

TO READ MORE:  https://legalguidancenow.com/1088/yahoo/1115955/20004/8-purchases-you-should-never-make-with-your-credit-card/