Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Stocks, Gold to Soar? Trump’s Sovereign Wealth Fund is a Game Changer

Stocks, Gold to Soar? Trump’s Sovereign Wealth Fund is a Game Changer

David Lin:  2-6-2025

The idea of a U.S. sovereign wealth fund, fueled by tariffs, is gaining traction, and according to Axel Merk, President of Merk Investments, it could be a significant game changer for markets, potentially sending stocks and gold soaring.

 In a recent interview with David Lin, Merk delved into the potential ramifications of this proposal, along with his broader outlook on tariffs, commodities, and ongoing market volatility.

Stocks, Gold to Soar? Trump’s Sovereign Wealth Fund is a Game Changer

David Lin:  2-6-2025

The idea of a U.S. sovereign wealth fund, fueled by tariffs, is gaining traction, and according to Axel Merk, President of Merk Investments, it could be a significant game changer for markets, potentially sending stocks and gold soaring.

 In a recent interview with David Lin, Merk delved into the potential ramifications of this proposal, along with his broader outlook on tariffs, commodities, and ongoing market volatility.

The concept, popularized by figures like former President Donald Trump, proposes utilizing revenue generated from tariffs to establish a sovereign wealth fund. Similar to funds managed by countries like Norway or Saudi Arabia, this fund would invest in a diversified portfolio of assets, aiming to generate long-term returns for the U.S. government.

Merk argues that this approach, while potentially controversial, could inject significant capital into the stock market. A sovereign wealth fund with substantial resources would become a major institutional investor, driving demand for equities and potentially pushing prices higher.

However, the creation of such a fund is inherently tied to the contentious issue of tariffs. Merk acknowledged the complexities surrounding tariffs, highlighting their potential to disrupt global supply chains and increase costs for consumers. He emphasized the need for careful consideration and strategic implementation to avoid unintended consequences.

While tariffs can generate revenue for the proposed fund, they also contribute to market volatility. Increased trade tensions often lead to uncertainty, causing fluctuations in stock prices and affecting commodity markets. Merk stressed the importance of managing these risks through diversification and a long-term investment horizon.

Beyond the sovereign wealth fund proposal, the conversation with David Lin also covered Merk’s outlook on commodities in general. He pointed out that individual commodities react differently to geopolitical events and economic cycles. Factors such as supply disruptions, demand shifts, and currency fluctuations all play a crucial role in shaping commodity prices.

He emphasized the need for investors to understand the specific dynamics of each commodity before making investment decisions. A blanket approach to the commodity market, he warned, could be fraught with risks.

In conclusion, the interview highlighted the potential for a U.S. sovereign wealth fund to reshape the investment landscape. While the idea presents exciting possibilities for stocks and gold, it is inextricably linked to the complexities of tariffs and the ever-present risk of market volatility.

Merk’s insights underscore the critical need for investors to stay informed, conduct thorough research, and adopt a strategic approach that considers the long-term implications of these potential shifts in the global economic landscape.

The creation of such a fund remains a proposal, and its actual implementation and impact are highly uncertain. However, the conversation sparked by this idea highlights the ongoing evolution of financial strategies and the potential for innovative approaches to managing national wealth.

0:00- How to Handle Volatility from Tariffs

4:47- Market Reaction

8:52- U.S Sovereign Wealth Fund Announced

15:52- How will DOGE affect economic & fiscal policy in the US

18:37- Market Reaction to Trump’s first 21 days

 25:05- Gold Equities Outlook

https://youtu.be/QqFVGKEg7sg

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Friday Morning 2-7-25

Good Morning Dinar Recaps,

RIPPLE’S GARLINGHOUSE TO JOIN TRUMP’S U.S. CRYPTO ADVISORY COUNCIL? HERE’S WHO IS IN THE RUNNING

▪️Ripple CEO Brad Garlinghouse is shortlisted for a key role on President Trump’s U.S. Crypto Advisory Council.
▪️The council will address crucial debates, including whether cryptocurrencies should be classified as commodities or securities.
▪️Other prominent crypto leaders, including figures from Kraken, Coinbase, and Circle, are also considered for council positions
.

Good Morning Dinar Recaps,

RIPPLE’S GARLINGHOUSE TO JOIN TRUMP’S U.S. CRYPTO ADVISORY COUNCIL? HERE’S WHO IS IN THE RUNNING

▪️Ripple CEO Brad Garlinghouse is shortlisted for a key role on President Trump’s U.S. Crypto Advisory Council.
▪️The council will address crucial debates, including whether cryptocurrencies should be classified as commodities or securities.
▪️Other prominent crypto leaders, including figures from Kraken, Coinbase, and Circle, are also considered for council positions
.

Ripple CEO Brad Garlinghouse is reportedly on the shortlist for a key role on President Donald Trump’s U.S. Crypto Advisory Council. This council, formed by executive order in Trump’s first week back in office, promises to play a pivotal role in shaping the future of cryptocurrency policies in the U.S.

Crypto regulations are certainly going to get a new look now. Is Ripple now on the fast-track to success?

U.S. Crypto Regulations Under Review

Under the Biden administration, many crypto companies faced challenges due to unclear and strict regulations. However, Trump’s push for innovation in digital assets is leading to a new direction.

The advisory council aims to bring industry leaders together to discuss the future of crypto in the U.S. and craft policies that foster innovation while ensuring proper regulation.

Commodities or Securities: A Critical Debate

One of the council’s biggest tasks will be determining whether cryptocurrencies should be classified as commodities or securities. This decision will have a direct impact on which regulatory bodythe SEC or CFTCwill oversee the industry.

Garlinghouse’s Impact on Crypto Regulations

Garlinghouse’s potential role on the council has sparked much discussion about Ripple’s influence in shaping crypto policy. Known for his long-time advocacy for clearer regulations, Garlinghouse could play a key part in creating a more defined and fair regulatory environment for the entire crypto industry.

Other Crypto Leaders in the Running

Garlinghouse is not the only one being considered for a position on the council. Other well-known figures in the crypto world, including Kraken’s former general counsel Marco Santori, crypto podcast host Frank Chaparro, and CEOs from major companies like Circle’s Jeremy Allaire, Coinbase’s Brian Armstrong, and Crypto.com’s Kris Marszalek, are also under consideration.

Could XRP Join a National Reserve List?

There are also rumors that XRP could be included in a national reserve list, although nothing has been confirmed. Some speculate that Trump’s previous meeting with Ripple executives before his inauguration could be related to this development. If true, this move could position Ripple as an important player in the U.S. financial system.

With key players like Garlinghouse in the mix, the future of U.S. cryptocurrency regulation is bound to take a more defined and innovative turn.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

OHIO LAWMAKERS PUSH FOR STATE BITCOIN RESERVE AND CRYPTOCURRENCY PAYMENTS

Ohio introduces a bill to create a Bitcoin reserve fund, allowing public funds and tax payments to be handled in cryptocurrency.

▪️Ohio plans to create a Bitcoin reserve fund managed by the state treasurer.

▪️The bill requires Bitcoin investments to be held for at least five years.

▪️Ohio aims to lead the nation in government-backed Bitcoin initiatives.


Ohio is advancing plans to create a Bitcoin reserve fund. Senate Bill 57 introduced by Senator Sandra O’Brien on January 28 grants authority to the state treasurer to invest public funds exclusively into Bitcoin.

The proposal moved to the Financial Institutions, Insurance, and Technology Committee for additional evaluation the day after its introduction. The proposed law would mandate that all Bitcoin investments stay in the fund for at least five years.

The proposal mandates Ohio’s treasury oversee Bitcoin investments through secure safekeeping systems. The law also requires state agencies to receive Bitcoin as payment for taxes, fines and other government fees. All cryptocurrency payments that state agencies receive will be converted to Bitcoin before being deposited into the reserve.

Under the bill’s provisions Ohio residents, government bodies and universities can contribute Bitcoin donations to the fund.

Previous Crypto Initiatives in Ohio  

Ohio has explored cryptocurrency adoption in the past. In December, House Republican leader Derek Merrin introduced House Bill 703 to support Bitcoin investments in state reserves.

Additionally, state senator Niraj Antani proposed a bill to enable tax and fee payments using cryptocurrency. The latest Bitcoin reserve bill builds on these earlier efforts, introducing a structured approach for state-level Bitcoin investment and storage.

National and Statewide Trends  


The initiative aligns with federal discussions on digital asset adoption. President Donald Trump’s executive order called for research into a national digital asset reserve. Ohio lawmakers view these federal developments as potential catalysts for state policy adjustments. The bill seeks to position Ohio as a leader in government-backed Bitcoin initiatives.

Several other U.S. states are also considering Bitcoin reserve legislation. Utah, Arizona, and South Dakota have introduced similar bills. Utah’s House committee approved a bill allowing treasury funds to include digital assets.

Texas passed the Texas Strategic Bitcoin Reserve Act, requiring the state to hold Bitcoin as a reserve asset for at least five years. On January 28, Arizona’s Senate approved its own Bitcoin reserve bill, permitting public funds to invest up to 10% of assets in virtual currencies.

According to Bitcoin Reserve Monitor, at least twelve states have proposed legislation for Bitcoin reserves. The increasing interest in state Bitcoin holdings reflects a broader trend of cryptocurrency adoption at the government level. Ohio’s new proposal could establish the state as a key player in this movement.

@ Newshounds News™

Source:  CryptoNewsLand

~~~~~~~~~

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Coffee with MarkZ and Mr. Cottrell  02/07/2025

Coffee with MarkZ and Mr. Cottrell  02/07/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good morning Mark, Mods and all ….TGIF

Member: Happy Friday. Hope everyone has a great weekend!.

Coffee with MarkZ and Mr. Cottrell  02/07/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good morning Mark, Mods and all ….TGIF

Member: Happy Friday. Hope everyone has a great weekend!.

Member: Good morning, based off of what you said last night from the phone call you received yesterday. Have you been able to confirm that we have started?

MZ: From the bond side…the best news came a few days ago when a contact went out west ……leads me to believe things are well underway. The majority of my historic bond contacts are still looking for the 10th through the 12th .

MZ: I have a large contact that will be in Europe on Sunday the 9th and is expecting all their dollars. Not sure how that will work on a Sunday …but if we have a new system it should be no problem.

MZ: From Iraq: “Complex network and routes doe smuggling dollars from Iraq to Iran- US report reveals details”  This lays out the perfect reasons to have an RV and fix it. All they need to do to fix this is revalue the Iraqi currency….the dinar.  This was a great read.

MZ: “Sudani: We will continue to distribute salaries in the Kurdistan region smoothly in the rest of the months”  They have worked through the issues.

Member: "The head of the Finance Committee, Atwan Al-Atwani, received a delegation from the US Embassy headed by Julie Jones”

Member: Mark, did you see Iraq is selling bonds starting on the 10th in Dinars not dollars? Not at 1310 I don’t believe.

MZ: More meetings this weekend with Sudani outside of Parliament to work on budget tables. The last few meetings were extremely fruitful. We hope there is a huge breakthrough on that front.

Member: Rumor from Judy:  Mon. 10 Feb. 2025 should be a go for Tier4b. The Chinese Elders, who were backing the GCR w their gold, had bought all the Cabal’s Central Banks across the World. Those Banks were merging with the QFS

Member: MarkZ so you think we might reach the finish line by March 1st?

Member: I hope The Trump team ends taxes before April 15th

Member: If all the taxes going away verses consumption tax ….I beleive this will work. Consider all the various taxes compared to a focus consumption and the vast difference in volume of transaction.

Member: some people are saying Trump is holding up the RV… is there any truth to this?

Member: If he is…maybe its waiting on the new gold backed currencies and QFS?

Member: crickets go quiet when storms about to hit

Member: Maybe Elon has to Clean the bad assets that are audited, then you reconcile the assets and transfer to the New Republic for the citizens to receive. Yes?? :)

Member: I wonder - Has Vietnam done the same cleanup Iraq has done in their financial system for an RV?

Member: No more fingernails left to chew.... hope this goes soon!

Member: Thanks Mark…We know you don’t control the news or lack of news….and want the RV as much as all of we do…..Thanks for helping us with encouragement.

Member: Everyone have a great day.

Member: Hoping  right now they are ushering in a Golden Weekend for All!

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

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

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=iOyFoUeeQv8

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

10 Money Questions I Was Too Embarrassed To Ask

10 Money Questions I Was Too Embarrassed To Ask | Biggest Finanical Mistakes | How To Increase Earnings

Last Updated: August 16, 2022

At age 18 I took out a HUGE college loan… and wasted the leftover money on beer.

At age 19 I got my first credit card… and promptly missed the first payment.

At age 22 I bought my first truck… with an insane interest rate.

Now you may have been born with a degree in finance… but I wasn't – I had to learn everything through the school of hard knocks.  And I was too embarrassed to ask for help.  If I could go back and tell my younger self what to ask… these would be the 10 questions.

10 Money Questions I Was Too Embarrassed To Ask | Biggest Finanical Mistakes | How To Increase Earnings

Last Updated: August 16, 2022

At age 18 I took out a HUGE college loan… and wasted the leftover money on beer.

At age 19 I got my first credit card… and promptly missed the first payment.

At age 22 I bought my first truck… with an insane interest rate.

Now you may have been born with a degree in finance… but I wasn't – I had to learn everything through the school of hard knocks.  And I was too embarrassed to ask for help.  If I could go back and tell my younger self what to ask… these would be the 10 questions.

1. Am I Being Greedy?

Some of you may think you’re “obligated” to spend. It’s rooted in a belief that saving equals greed. You justify splurges as redistributing wealth. I’m afraid this mindset is warped. Spending less doesn't mean stealing from people don't earn as much as you.

Take my company for example. All the wealth tied to RMRS comes from the value I’ve created. My readers and subscribers find value in the 2000 articles, 700 videos and 200 infographics that my company has made. Advertisers see my content as platforms to promote their products. This value literally comes from nothing. And it's unlimited.

The answer:

No. There’s nothing wrong in finding alternative ways to earn. We must remember that many self-made millionaires these days created value out of thin air. No one was forced to buy their products. People valued them.

2. Can I Afford This Or That?

You receive your month’s pay and feel good. You’re tempted to spoil yourself – perhaps with that motorbike you always wanted? I know you’re checking your balance in the bank. That’s the wrong question to ask.

Obviously most of us would love a nice house and other luxuries. But now’s the time to focus on delayed gratification. It’s not whether you can afford the item in question. It’s really about thinking long-term – seeing more important things ahead.

The answer:

No. Replace the original question with “Could I afford it if I were to pay cash?” This helps you save and set aside money through every “No” that comes about. There’s no need to overthink. It’s automatic. You’re better off with a similar item that's used/secondhand for the meantime.

3. How Many Credit Cards Should I Have?

If you’re part of the majority who struggle with credit card debt, think about it. Wouldn’t life be easier if you didn’t have that many cards? Especially those with high-interest rates?

The desire to save is one thing. Making it happen is a whole different deal. You have to get rid of the obstacles. Less is more.

The answer:

To each his own – it’s you who knows how many credit cards you need to manage your money responsibly. The ideal cards only handle payments when debit cards aren’t accepted. They’re tools for convenience, not for impulse buying. I personally stick with just two.

https://www.realmenrealstyle.com/10-money-mistakes/

https://www.youtube.com/watch?reload=9&v=8n14tPHfHcA&feature=youtu.be

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Friday AM 2-7-2025

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 Fri. 7 Feb. 2025

Compiled Fri. 7 Feb. 2025 12:01 am EST by Judy Byington

Mon. 10 Feb. 2025 should be a go for Tier4b (Us, the Internet Group) according to a high up source. The Chinese Elders, who were backing the Global Currency Reset with their gold, had (allegedly)  bought all the Cabal’s Central Banks across the World. Those Banks were (allegedly)  merging with the QFS and taking a different role – they would no longer have access to individual bank accounts. All banks were (allegedly)  converting to XRP Ripple digital gold/asset-backed currency.

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 Fri. 7 Feb. 2025

Compiled Fri. 7 Feb. 2025 12:01 am EST by Judy Byington

Mon. 10 Feb. 2025 should be a go for Tier4b (Us, the Internet Group) according to a high up source. The Chinese Elders, who were backing the Global Currency Reset with their gold, had (allegedly)  bought all the Cabal’s Central Banks across the World. Those Banks were (allegedly)  merging with the QFS and taking a different role – they would no longer have access to individual bank accounts. All banks were (allegedly)  converting to XRP Ripple digital gold/asset-backed currency.

Thurs. 6 Feb. 2025: Breaking: GESARA Wealth Transfer Has Officially Begun! 2025 | Prophecy | Before It’s News

Thurs. 6 Feb. 2025 Bruce:

On Wed. 5 Feb. Trump (allegedly)  told the US Treasury not to let the RV go because they were not yet ready and that they were going to wait until the weekend.

Two contacts said that Trump (allegedly)  wanted us to have money by Sat. 8 Feb. 2025.

The World Bank and the IMF has held the RV up and both were about 95% ready to be dismantled.

Iraq has yet to put their new Dinar Rate in the Gazette.

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

Redemption Types: (RUMORS)

Currency Exchange: For those with ZIM bonds, dinar, and dong, you’re looking at (allegedly) double-digit rates at Redemption Centers, with gold-backed values. The ZIM bond is (allegedly) 1:1 to the new USTN dollar. You’ll be (allegedly) asked to allocate a portion of your funds for humanitarian projects-we’re not just saving ourselves; we’re saving the world.

XRP Buyback: There’s a $1 million per token value on XRP set by the QFS, already (allegedly) mirrored into Quantum Accounts. This buyback is part of a larger strategy to stabilize global markets and root out the evil.

This is About More Than Money: This is about justice, about freedom, and about taking back what’s ours. The deepstate’s grip is slipping, and this process is the path to redemption. The time is now, Patriots-we must stand ready to rebuild and restore.

Read full post here:  https://dinarchronicles.com/2025/02/07/restored-republic-via-a-gcr-update-as-of-february-7-2025/

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

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

Frank26  This is amazing, the speed of the information that is coming...It is in volumes and it is massive in instructions and education of the monetary reform to you citizens.  The laws are in place to expose the new exchange rate in the 2025 budget.  Everybody knows the truth is about to be revealed.  That's why Alaq and Sudani are telling Iraqi citizens, 'We are going to cover all the details very soon about this monetary reform.  We're going to tell you about your new exchange rate, about your new lower notes, we're going to tell you everything very shortly.'  This is so exciting to be a part of this history.  It's epic. 

Militia Man  Iraq's had restrictions on her currency and currency transfers.  She hasn't been on the Forex in an international capacity.  Why?  Because...it has to do with the IMF...obligations...compliance and it has to do with currency transfers across the world for trade...The central bank is talking like she's going international...That sounds like having the ability to move her money, which is the dinar, across borders and to do trade.  It looks like Iraq has the ability to fully access the IMF's compliance with Article VIII and Article IV of IMF's requirements...which promote free convertibility of member currencies...It looks to me Iraq has gone as far as she possibly can in making an announcement...

Will the IQD Skyrocket? The Truth Behind the Speculation

Edu Matrix:  2-6-2025

Will the IQD Skyrocket? The Truth Behind the Speculation - In this compelling video, we delve into the potential for the Iraqi dinar (IQD) to soar from $0.00076 to $0.10, exploring the economic groundwork laid over the past two decades.

Despite setbacks like ISIS and the pandemic, Iraq is poised for significant currency appreciation. Discover how increased adoption, speculative trading, and psychological milestones can drive this exponential growth.

We analyze critical market conditions and the role of fiat currencies alongside cryptocurrencies in shaping investment strategies. Join us as we unravel the complex landscape of currency speculation and what it means for investors eyeing the IQD.

OUTLINE:

00:00:00 Introduction

00:00:25 Understanding the Potential Increase

00:00:58 Key Growth Analysis

00:01:21 Factors Contributing to Value Appreciation

00:02:13 Comparative Analysis

00:02:49 Conclusion

https://www.youtube.com/watch?v=Yy4i6NlUs5U

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Friday Morning 2-7-2025

TNT:

Tishwash:  Iraq prepares to implement the first historic transfer operation through the international (TIR) ​​system

 The International Road Transport Union (IRU) announced Iraq's readiness to implement the first historic transport operation via the international road transport (TIR) ​​system, in a historic step towards enhancing cross-border trade.

During a visit last week, the Union confirmed that Iraq is close to achieving a major achievement in international trade, as it will soon witness the first transport operation under the umbrella of the internationally recognized system for customs transit, noting that this step reflects Iraq's commitment to modernizing the trade sector and adopting international practices.

TNT:

Tishwash:  Iraq prepares to implement the first historic transfer operation through the international (TIR) ​​system

 The International Road Transport Union (IRU) announced Iraq's readiness to implement the first historic transport operation via the international road transport (TIR) ​​system, in a historic step towards enhancing cross-border trade.

During a visit last week, the Union confirmed that Iraq is close to achieving a major achievement in international trade, as it will soon witness the first transport operation under the umbrella of the internationally recognized system for customs transit, noting that this step reflects Iraq's commitment to modernizing the trade sector and adopting international practices.

A specialized workshop was also organized, focusing on the importance of the United Nations international agreements, such as the TIR Convention and the Dangerous Goods Convention, highlighting the role of these agreements in simplifying trade, enhancing security and reducing accidents.

The Federation stressed the importance of cooperation between the public and private sectors to ensure smooth implementation of the two mentioned systems, which contributes to enhancing Iraq's position in regional and international trade.

In conclusion, the Federation stressed that this step represents a new beginning for Iraq in the field of transportation and international trade, with the adoption of the best international practices to enhance efficiency and economic growth.  link

Tishwash:  Al-Sudani's advisor rebukes citizens for storing money at home and calls for investing it

 "Support the national economy

Mohammed Sahib Al-Daraji, the technical advisor to the Prime Minister, confirmed today, Thursday, that the volume of investments in Iraq amounts to about 60 billion dollars, while he pointed out that there is a large cash mass among citizens outside the banking system, which makes it economically useless if it remains stored in homes, calling for it to be converted into investment projects that contribute to transforming it into assets that support the national economy.

Al-Daraji said in a statement to the official agency, followed by the 964 network , that “Iraq’s gross domestic product exceeded $260 billion, which makes the ratio of external debt compared to the domestic product at a very low level, which opens the door to a new phase of external financing, but with studied conditions,” noting that “Iraq’s external public debt witnessed a significant decrease, as it fell from $20.9 billion to $9.8 billion.”

He stressed, “The importance of funding being directed towards productive projects capable of paying off their debts on their own, rather than focusing on consumer or ill-considered projects.”

Regarding current investments, Al-Daraji pointed out that “the volume of local and foreign investments in Iraq amounts to about 60 billion dollars, most of which are in the real estate and housing sector, which is a good thing,” stressing “the necessity of strengthening the role of the Iraqi investor and supporting him to diversify investments.”

He pointed out that “there is a large cash mass held by citizens outside the banking system, which makes it economically useless if it remains stored in homes,” calling for “transferring this money to investment projects that contribute to transforming it into assets that support the national economy and enhance sustainable development.” link

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

Tishwash:  Taif Sami confirms to the World Bank the government’s commitment to implementing financial and economic reforms

Minister of Finance Taif Sami Mohammed received today, Thursday, the World Bank Representative in Iraq, Emmanuel Salinas, and his accompanying delegation, to discuss ways to enhance cooperation between the two sides in supporting development projects and implementing economic reforms.

Sami stressed, according to the ministry’s statement, a copy of which was received by {Al Furat News}: “The importance of partnership with the World Bank in financing programs aimed at achieving sustainable development,and the Iraqi government’s commitment to implementing financial and economic reforms to ensure the stability of the national economy.”

She pointed out that "these reforms aim to enhance sustainable growth, improve the management of financial resources, combat corruption, and enhance transparency in government institutions."

For his part, the World Bank representative praised the Iraqi government's efforts to improve the economic environment and enhance transparency and efficiency, stressing "the bank's readiness to provide more technical and financial support in line with Iraq's development priorities."

The two parties agreed - according to the statement - to continue coordination and joint work to achieve strategic goals and enhance economic stability in the country. link

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

Tishwash:  Lost Fortunes: Iraqi youth risk all in the world of Crypto and Forex

Despite government warnings, digital trading in both cryptocurrency and foreign exchange (forex) continues in Iraq, mostly among young people eager for a quick buck. Many, however, do not consider the consequences and risks associated with these transactions.

The rise in crypto and forex trading comes after Iraq’s recent economic crises, including the government’s limitations on US dollar trading to stabilize the exchange rate.

Although there have been no official statistics on the number of Iraqis scammed through digital trading, economic experts believe the figures are substantial. However, since Iraq bans both crypto and forex trading, victims have no way to legally reclaim their losses.

Since crypto and forex transactions occur outside the banking system, the traders are more susceptible to fraud. Last year alone, dozens of young Iraqis lost their life savings due to digital trading.

20-year-old Saja Al-Saadi is one such victim. She told Shafaq News that she had saved five million Iraqi dinars (around $3,800) from work but was lured by digital trading platforms promising high returns, who instead stole her money in the blink of an eye. “I was devastated,” she said. “Since these platforms are illegal in Iraq, I couldn’t even file a complaint with the police to recover my money.”

Another victim, 45-year-old trader Abdul Amir Khalil, faced a much larger loss of over $250,000. Khalil turned to digital trading platforms to avoid banking procedures and streamline transactions. “After transferring $250,000 to a digital trading company, the platform disappeared overnight, and I was unable to recover the money due to blockchain encryption despite enlisting the help of IT specialists.” He told Shafaq News.

Many of these scams are operated by individuals who use untraceable crypto transactions to steal funds. Some are run by local networks that pose as investment firms, promising “huge returns,” using fake social media profiles and instant messaging apps like Telegram and WhatsApp to reach potential victims.

while the list of victims continued to grow, the Central Bank of Iraq (CBI) declared in 2022 that it does not license forex, stock, or crypto trading platforms.

The bank warned that fraudulent online companies falsely claimed to be licensed, using misleading advertisements to promote investments in stocks, crypto, gold, and oil.

According to Iraq’s Anti-Money Laundering and Terrorism Financing Law No. 39 (2015), digital trading is prohibited due to risks associated with fraud, illicit transactions, and economic instability. The use of electronic wallets and cards for crypto trading is also prohibited, due to “concerns over money laundering and financial crimes.”

Despite this prohibition, many traders bypass restrictions anyway using VPNs and international bank accounts or rely on middlemen in neighboring countries like Turkiye, Jordan, and the UAE to deposit and withdraw funds.

Economic expert Ali Dadoosh explained to Shafaq News that forex companies targeting Iraqi investors operate without oversight from the CBI or any regulatory body.

“Iraq lacks a legal framework for forex trading; there is no official regulatory body overseeing digital currency transactions,” he noted.

Dadoosh emphasized that while digital currency trading can be profitable for experienced investors, it carries significant risks for untrained traders.

According to Dadoosh, while non-crypto digital currencies are traceable and regulated by banks (if fraud is suspected, banks can freeze transactions or reverse transfers), crypto is encrypted, unregulated, and often used for illegal activities, including money laundering and drug trafficking, and recovering stolen crypto funds is nearly impossible.

While digital currencies offer advantages, such as lower transaction costs and faster transfers, Dadoosh warned that most Iraqis lack the expertise needed to avoid falling victim to fraud.

He advised young Iraqis to learn trading before investing and to only use well-established, legal companies and wait for new government regulations.

There have been voices inside Iraq calling on the government to regulate crypto and forex trade instead of prohibiting it, countries such as Egypt and Turkiye have already begun talks on legalizing crypto and forex trade regulations. The UAE has permitted it under strict regulations that ensure investor protection. link

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Mot: Being Professionsal While Working at Home!!!

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Iraq Economic News and Points to Ponder Thursday Afternoon 2-6-25

It Gives Gold And Huge Money .. The Iraqi Al-Ahly Bank Launches The “Honest And Transparent” Prizes Program

February 6, 2025 Last update: February 6, 2025  Independent/- The Iraqi National Bank announced the launch of the new award program for the "Zanakinaccount for the year 2025, which is the largest in the history of the account in terms of value and diversity of prizes. The bank said in a statement,
 
 “Zanakin’s customers will have the opportunity to win financial and in-kind prizes, whose total value reaches more than 3 billion Iraqi dinars distributed to more than 1,453 winners throughout the year, including luxury cars and gold bars in addition to the largest prize in the history of the Iraqi National Bank of the owner Good luck, which is the grand prize, and its value is one billion dinars.”

It Gives Gold And Huge Money .. The Iraqi Al-Ahly Bank Launches The “Honest And Transparent” Prizes Program

February 6, 2025 Last update: February 6, 2025  Independent/- The Iraqi National Bank announced the launch of the new award program for the "Zanakinaccount for the year 2025, which is the largest in the history of the account in terms of value and diversity of prizes. The bank said in a statement,
 
 “Zanakin’s customers will have the opportunity to win financial and in-kind prizes, whose total value reaches more than 3 billion Iraqi dinars distributed to more than 1,453 winners throughout the year, including luxury cars and gold bars in addition to the largest prize in the history of the Iraqi National Bank of the owner Good luck, which is the grand prize, and its value is one billion dinars.”

He explained,  "The prizes are in the form of daily prizes; 6 million Iraqi dinars distributed to 6 winners per day, while the weekly prizes are granted 4 gold bars of four winners every week.
 
In addition, a car will be awarded monthly to 12 cars throughout the year to the grand prize worth one billion Iraqi dinars for one winner at the end of 2025.

 The bank stressed that “the mechanism of drawing on the prizes depends on an electronic lottery system that guarantees integrity and transparency, while announcing the names of the winners through the bank’s social media platforms.
 
Also, communicating with the winners is also to ensure that they receive their prizes after confirming their eligibility according to the conditions of the program.
 
The account enables clients to increase their chances of winning daily, weekly, monthly and major prizes, based on the size of the deposited balance and the duration of its retention.
 
Besides, the account holders enjoy all other banking services and benefits provided by the Iraqi National Bank, which makes "Zanakin" the perfect choice for customers looking for an account that combines savings and true opportunities for profit.
 
For his part, the authorized director of the Iraqi National Bank, Ayman Abu Dahim, said,
 
“By launching the 2025 Zankin Awards, we confirm our continuous commitment to providing innovative banking programs.
 
The Zankin account is a platform that combines savings and distinctive opportunities that change the lives of the winners.
 
We seek to enhance the culture of saving among our customers by providing valuable and varied prizes that keep pace with their aspirations and realize their dreams.
 
We will continue to work to provide the best banking services that reflect our market leadership and meet the needs of our various customers.”

And "Zankin" is a useless saving account, which allows customers to benefit from a wide range of banking advantages in addition to winning prizes.

The account provides complete flexibility for customers, as they can access their money and make withdrawals at any time.

The account also allows the balance of the balance easily through the bank's ATM network.     
https://mustaqila.com/يمنح-ذهباً-وأموالاً-طائلة-المصرف-الأه/

Iraq, US Review Strategies To Enhance Financial Cooperation
 
Iraq   Amr Salem   February 6, 2025  An aerial view of a part of the Iraqi capital, Baghdad. Photo: AFP
 
Baghdad (IraqiNews.com) – The Iraqi Minister of Finance, Taif Sami, emphasized on Tuesday the value of collaboration with the United States in bolstering Iraq’s economic reforms and financial stability.
 
Sami’s remarks took place during her meeting with the Chargé d’Affaires of the US Embassy in Baghdad, Daniel Rubinstein, where the two sides discussed strategies to promote financial and economic cooperation between Iraq and the United States, according to a statement cited by the Iraqi News Agency (INA).
 
Iraq is committed to strengthening financial sectors and creating an appealing business environment, according to the country’s finance minister.
 
Rubinstein emphasized the United States’ eagerness to help Iraq with economic growth and to strengthen collaboration on financial reforms.
 
In order to accomplish shared goals, the US official emphasized the significance of ongoing collaboration between financial institutions in the two countries.
 
During a meeting held in October with the US Ambassador to Iraq, Alina Romanowski, Sami emphasized the significance of collaboration with the United States to advance Iraq’s current goals of financial stability and sustainable development.
 
According to the Iraqi finance minister, one of the key factors toward achieving the government’s objectives is the economic collaboration between the two countries.
 
As part of the strategic cooperation between Iraq and the United States, Romanowski emphasized the US commitment to continue aiding Iraq in several sectors, particularly in  the financial and economic areas.
https://www.iraqinews.com/iraq/iraq-us-review-strategies-to-enhance-financial-cooperation/

The Central Bank Of {Al -Sabah}: The Government Supports The Transformation Of The Digital Economy
 
First 2025/02/06  Baghdad: Hussein Thaghab  The Iraqi Central Bank affirmed that the government is working to develop the regulatory frameworks that support the transformation of the digital economy, especially in the field of electronic payment.
 
According to the representative of the Iraqi Central Bank at the Baghdad International Exhibition, the Virgin Taha Jumaa for "Al -Sabah",
 
"There is importance for the transformation that Iraq is witnessing towards the digital economy." Juma pointed out that
 
"one of the most important challenges facing the current stage is to gain citizens' confidence in electronic payment products, which will contribute to stimulating the hidden funds in homes and transferring them to the banking sector, as
 
this transformation is part of a larger strategy aimed at stimulating the national economy through investment Money in a way that serves major projects in the country. "
 
In the context of supporting digital transformation, Dr. Safwan Qusai, an expert in the financial sector, talked about the importance of strengthening financial inclusion as a primary priority in the context of expansion in the culture of electronic payment in Iraq. Qusai told Al -Sabah that
 
"this trend supported by the Iraqi government and the World Bank seeks to use advanced mechanisms and technologies aimed at providing financial services to the poor segment in society, which is in line with the goals of the Iraqi government in targeting the social classes that live below the poverty line Providing projects that help them improve their financial position. "

Qusai pointed out that  "digital transformation requires a variety of financial services and the development of banking products," noting that  "this change only comes by promoting banking culture among citizens."

 He added that  "providing a credit card for every citizen will contribute to the operation of the idle liquidity estimated at (70trillion dinars.    https://alsabaah.iq/109738-.html    

Iraq Confirms Its Keenness To Enhance Cooperation With "NATO"
 
The second and the third   Baghdad: Morning  Wednesday, the President of the Republic, Abdul Latif Jamal Rashid, and Prime Minister Mohamed Shi'a Al -Sudani, expressed Iraq’s desire to enhance cooperation with NATO in the field of training and exchange of information and military industries, while the Sudanese received an official invitation to attend the North Atlantic Assembly in Brussels.

A presidential statement, which was received by "Al -Sabah", stated that  "the President of the Republic, the Secretary-General of the NATO (NATO) received Mark Rate, and the accompanying delegation, and during the meeting, the joint files between Iraq and NATO were discussed, as well as a review of the overall security situation in the region, As well as discussing a number of issues related to logistical support for the NATO Mission operating in Iraq.
 
The President of the Republic stressed, according to the statement,
 
"the need to expand the horizons of bilateral cooperation in the areas of providing advice, and contribute to building and developing the military capabilities of the Iraqi security forces."

He pointed out, "The development of the security services in all their formations and the growing capabilities in the field of training and preparation," stressing that
 
"Iraq has exceeded difficult conditions represented by the war on terrorism, and that the security forces managed to eliminate ISIS gangs and their remnants, and it has the readiness and ability to face various security challenges."

 Rashid explained that "today Iraq is blessed with security and economic stability, and that the political parties adopt the principle of dialogue between them," noting that
 
"relations with neighboring countries and the world are good, and we welcome the arrival of businessmen and investors to benefit from the opportunities in the country."
 
For his part, Rawah praised "internal stability and the return of normal life in Iraq," stressing  
"the NATO mission is keen to consolidate bilateral cooperation relations in the field of training, consulting and exchanging information, in a way that enhances the capabilities of the Iraqi armed forces with all its types."

He pointed to "the pivotal role of Iraq The important thing in achieving stability in the region."
 
Meanwhile, the Prime Minister stressed the importance of continuing communication to build cooperation relations with NATO.  A statement of his office, received by "Al -Sabah", stated that
 
"the Prime Minister received the Secretary -General of the NATO and his accompanying delegation, and during the meeting, the cooperation relations between Iraq and the alliance were discussed in the files related to capacity building and the support of the Iraqi armed forces in the areas of advice and training, as The meeting witnessed the discussion of developments in the region, the status of the armistice in Gaza and Lebanon, and the developments of the situation in Syria.

The Sudanese stressed, according to the statement, "the importance of continuing communication to build cooperation relations with NATO, within his consultative mission in Iraq, in light of the state of recovery, political stability and economic growth witnessed by the country, in a way that helps to practice Iraq for its pioneering role in the region," stressing
 
"preserving The balanced Iraqi position despite the challenges, as Iraq has maintained its higher interests, as well as supporting stability efforts in the region.  And Al -Sudani indicated that
 
"Iraq is looking at the interest of the NATO consulting mission in Iraq, and cooperation in the field of training, planning and exchanging experiences."
 
The Sudanese touched on the "ambitious war industries program supported by the government," stressing
 
"Iraq's desire to cooperate with NATO in the field of military industries, especially defense equipment, which contributes to enhancing security and deterring any possible aggression."
 
In turn, the Secretary-General of NATO expressed his appreciation for the Iraqi steps, and sent an official invitation to the Sudanese to attend the North Atlantic Assembly, which will be held soon in Brussels and delivered the speech of Iraq in it, and praised "the government's efforts in security developments and the state of stability and growth in the country,"
 
stressing "keenness NATO to strengthen the relationship with Iraq and enhance fruitful cooperation, especially in the field of military industries.     https://alsabaah.iq/109731-.html  

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

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Seeds of Wisdom RV and Economic Updates Thursday Evening 2-6-25

Good Evening Dinar Recaps,

US SENATE PANEL APPROVES CRYPTO ADVOCATE, BILLIONAIRE HOWARD LUTNICK FOR COMMERCE SECRETARY

The Senate Commerce, Science, and Transportation Committee advanced the candidacy of Howard Lutnick, a crypto proponent and billionaire entrepreneur, to the position of Commerce secretary by a vote of 16–12.

America’s technological and financial scene undergoes a radical change and a wealthy man with strong ties to cryptocurrencies is leading important national initiatives valued in hundreds of billions of dollars.

Good Evening Dinar Recaps,

US SENATE PANEL APPROVES CRYPTO ADVOCATE, BILLIONAIRE HOWARD LUTNICK FOR COMMERCE SECRETARY

The Senate Commerce, Science, and Transportation Committee advanced the candidacy of Howard Lutnick, a crypto proponent and billionaire entrepreneur, to the position of Commerce secretary by a vote of 16–12.

America’s technological and financial scene undergoes a radical change and a wealthy man with strong ties to cryptocurrencies is leading important national initiatives valued in hundreds of billions of dollars.

Lutnick: Major Tech Programs Hang In The Balance

Lutnick’s appointment places him in charge of the $280 billion CHIPS and Science Act and the massive $42.5 billion BEAD program. These figures don’t only appear on paper; they reflect America’s determined efforts to transform its semiconductor sector and technical infrastructure. With global tech supremacy on the line, the stakes are higher than ever

Warren’s Crypto Concerns Spark Fierce Debate

The confirmation hasn’t been without its share of fireworks. Senator Elizabeth Warren has thrown down the gauntlet, demanding answers about Lutnick’s ties to Tether, the controversial stablecoin issuer.

Her January 28 letter pulled no punches, questioning everything from Cantor Fitzgerald’s investment in Tether to potential compliance issues. The plot thickened when it emerged that Lutnick’s financial disclosure form detailed assets worth over $806 million and involvement in 800 entities.

Washington is split by the confirmation as Ranking Member Maria Cantwell voted against Lutnick, citing inadequate dedication to current program goals. One thing is evident as this billionaire entrepreneur takes on his new position: the tech and crypto scene of America is set to change and might even completely alter the digital future of the country.

Cruz Champions Tech Policy

While Warren raises red flags, fellow Senator Ted Cruz is upbeat about what he sees as a victory for tech innovationHis vision? A complete reimagining of the BEAD program, moving away from its fiber-optic focus to embrace alternatives like satellite internet and fixed wireless. It’s a stark departure from previous policies, with Cruz dismissing the former Biden administration’s approach as riddled with “lawless conditions.”

Bitcoin Dreams And Stablecoin Schemes

Lutnick is open about his plans for cryptocurrency. At the 2024 Bitcoin Conference in Nashville, he confidently stated that cryptocurrency is “the future of financial independence.” He wants to require checks for stablecoins and might create a national Bitcoin reserve. This idea has made crypto fans excited but has worried traditional finance regulators.

The newly formed SEC Crypto Task Force, under Commissioner Hester Peirce, will work closely with Lutnick to navigate these uncharted waters.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

CZECH REPUBLIC PASSES CRYPTO-FRIENDLY LAW, EXEMPTS BITCOIN FROM CAPITAL GAINS

The Czech Republic has passed legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years.

President Petr Pavel signed the law, according to BTC Prague, aligning the country’s crypto taxation with traditional securities
.

The tax exemption applies to individuals and non-business activities, eliminating previous tax disadvantages for long-term crypto investors. The amendment, set to take effect in mid-2025, brings the Czech Republic’s regulatory framework in line with the European Union’s Markets in Crypto-Assets rules.

The Chamber of Deputies approved the law in January as part of broader efforts to modernize the country’s financial regulations. Under the new rules, Bitcoin holders who sell their assets after three years will no longer owe income tax on profits, mirroring the tax treatment of long-term stock investments.

Czech Bitcoin reserve

The Czech National Bank is reviewing a proposal to add Bitcoin to its reserves, but the process may take months, and any exposure would be far lower than the initially suggested 5%, sources say.

Governor Ales Michl introduced the idea, but European Central Bank President Christine Lagarde dismissed the proposal, emphasizing the need for liquidity and security in reserves.

In response, the Czech National Bank commissioned a study to evaluate Bitcoin’s feasibility, with Michl stating he would accept its findings, even if they reject the plan.

@ Newshounds News™
Source:  CryptoNews

~~~~~~~~~

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11 Things That Make Your Home an Easy Target for Burglars

11 Things That Make Your Home an Easy Target for Burglars

By Wyatt   May 24, 2024

You might think you are taking every precaution to protect your home and make it as burglar-proof as possible, but guess what? There are things about your home than transform it into a beacon for thieves. And it’s not only about the things that burglars steal, but the risk your family is put at, as a break-in can cause quite an emotional havoc.

With summer just around the corner and people leaving on all sorts of holidays, security experts recommend upping your game in terms of home security measures. That being said, here are 11 things about your home that turn it into an easy target for burglars and some tips on how to make sure intruders stay off your property

11 Things That Make Your Home an Easy Target for Burglars

By Wyatt   May 24, 2024

You might think you are taking every precaution to protect your home and make it as burglar-proof as possible, but guess what? There are things about your home than transform it into a beacon for thieves. And it’s not only about the things that burglars steal, but the risk your family is put at, as a break-in can cause quite an emotional havoc.

With summer just around the corner and people leaving on all sorts of holidays, security experts recommend upping your game in terms of home security measures. That being said, here are 11 things about your home that turn it into an easy target for burglars and some tips on how to make sure intruders stay off your property.

These things attract burglars like flies!

A Dark Home

Many things happen under the cover of darkness. Illicit things in particular. Thieves rely on darkness to hide their illegalities so a dark home is just what they need for that.

To make sure intruders steer clear of your property, keep porch lights on and install motion-detector lights around your house. This will prevent them from trying to find a way in, like an open window. For extra safety, security experts also recommend timers on interior lamps to trick potential burglars into thinking someone is inside.

An Empty Driveway

A vacant home is an open invitation to thieves. But do you know what else spells “Open”? An empty driveway. When there are no cars parked on the driveway, it means there are no people inside the house. In other words, your house is open for grabs.

“In addition to security cues like alarm systems, burglars look for what’s referred to as ‘occupancy cues,’ giveaways that tell them whether you’re home,” warns security and intelligence professional K. Campbell, principal at Blue Glacier Security & Intelligence LLC. “If you go away for even a few days, such as for a long weekend, your home might lack occupancy cues.”

To avoid such situations, ask a family member, neighbor or friend to park their vehicles in your driveway when you’re away, especially if you’ll be missing for a longer period of time.

Unlocked Windows And Open Drapes

Once you’ve picked their interest, burglars will start trying to find ways to get inside your house. Firstly, they will check for the easiest ways in, namely unlocked windows. Therefore, make a habit of closing and locking all windows on the ground floor, whether because you’re going to bed or leaving your home. Second floor windows should also be checked, as they can also be reached by intruders.

Another thing you should do for extra protection is to close the drapes. This way, burglars will not be able to take a peak and discover any expensive objects you might have on display.

Overgrown Lawn And Landscape

A place that seems neglected may be an indication that its inhabitants are not spending that much time there. This means that burglars will have no problem finding the right time to sneak inside for a “free shopping” spree.

TO READ MORE:  https://thehometeam.tv/1088/yahoo/1117354/20006/target-for-burglars/9/

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FRANK26….2-6-25 DON’T BE GREEDY

KTFA

Thursday Night Conference Call

FRANK26….2-6-25 DON’T BE GREEDY

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

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

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

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

KTFA

Thursday Night Conference Call

FRANK26….2-6-25 DON’T BE GREEDY

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

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

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

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

https://www.youtube.com/watch?v=xPiTW-O1-7E

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More News, Rumors and Opinions Thursday PM 2-6-2025

KTFA:

Clare:  Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage

2/6/2025

An official at the Central Bank of Iraq said that “stimulating the money hoarded in homes and transferring it to the banking sector is one of the most important challenges facing the current stage.”

The representative of the Central Bank of Iraq at the Baghdad International Fair, Athraa Taha Juma, stated that "the government is working to develop regulatory frameworks that support the transition to a digital economy, especially in the field of electronic payment.

KTFA:

Clare:  Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage

2/6/2025

An official at the Central Bank of Iraq said that “stimulating the money hoarded in homes and transferring it to the banking sector is one of the most important challenges facing the current stage.”

The representative of the Central Bank of Iraq at the Baghdad International Fair, Athraa Taha Juma, stated that "the government is working to develop regulatory frameworks that support the transition to a digital economy, especially in the field of electronic payment.

" She explained that "the transition that Iraq is witnessing towards a digital economy is important."

Juma pointed out that "one of the most important challenges facing the current stage is gaining citizens' confidence in electronic payment products, which will contribute to stimulating the money hoarded in homes and transferring it to the banking sector, as this transformation is part of a larger strategy aimed at stimulating the national economy by investing money in a way that serves major projects in the country."  LINK

Clare:  Kurdistan Region launches January salaries via “My Account”

2/6/2025  Baghdad

Today, Thursday, the "My Account" platform announced the start of disbursing January salaries to Kurdistan Region employees via the digital system.

The team responsible for the "My Account" platform confirmed in a statement seen by "Al-Eqtisad News" that the salaries for the month of January will be distributed digitally today, in all governorates of the Kurdistan Region, as the salaries will be transferred to the bank accounts of the beneficiaries starting at eight o'clock in the morning.

The statement explained that the number of beneficiaries of the disbursement process through "My Account" reached 275 thousand employees, including 216,500 civil servants and 56,700 Peshmerga forces, and they will be able to withdraw their salaries through more than 550 ATMs distributed in more than 200 different locations throughout the region.

The platform added that the number of those registered in the "My Account" project has so far reached 720,000 employees out of a total of about one million employees receiving their salaries from the Kurdistan Regional Government, and 370,000 bank cards have been distributed to those benefiting from the service.

In this context, the Ministry of Finance and Economy in the Kurdistan Region announced the disbursement of January salaries, which were deposited into the bank accounts of beneficiaries of the “My Account” project. 

The statement added that technical staff are waiting for employees to help them withdraw their money.

This measure comes as part of the Kurdistan Regional Government’s plan to enhance digital transformation in salary disbursement operations, which contributes to reducing reliance on cash, increasing transparency, and facilitating withdrawal operations for beneficiaries, in light of a broader trend towards shifting to digital banking services.

The Kurdistan Regional Government launched the “Hisabi” project as part of its plan to develop the banking infrastructure in the region, with the aim of improving salary management and facilitating financial transactions for employees. The project aims to reduce congestion at traditional salary distribution centers and enhance the use of electronic banking services, as part of a broader trend towards digitizing government operations in the region.  LINK

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

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

Militia Man  Iraq's had restrictions on her currency and currency transfers.  She hasn't been on the Forex in an international capacity.  Why?  Because...it has to do with the IMF...obligations...compliance and it has to do with currency transfers across the world for trade...The central bank is talking like she's going international...That sounds like having the ability to move her money, which is the dinar, across borders and to do trade.  It looks like Iraq has the ability to fully access the IMF's compliance with Article VIII and Article IV of IMF's requirements...which promote free convertibility of member currencies...It looks to me Iraq has gone as far as she possibly can in making an announcement...

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  Banks are training on cross-border payments...Mr. Sammy wants you to know...the cross border payments are currency exchanges with Iraq and with other international countries...It's really a little deeper training that just saying cross-border payments.  FRANK:  IMO the training is being done with the new lower notes...To see this kind of training at the borders is fantastic! 

Trump Shocks Americans With New Announcement

George Gammon:  2-5-2025

https://www.youtube.com/watch?v=v91w_paTeCs

LIVE! No One Is Prepared For The Level Of Currency Purchasing Power Losses Moving Forward.

Greg Mannarino:  2-6-2025

https://www.youtube.com/watch?v=vbuE-fhE80o

 

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