Dinar Recaps 20 2/11/25 Dinar Recaps 20 2/11/25

“Coffee With MarkZ” Tuesday Morning Chat 2-11-2025

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: Good Morning Mark, Mods and fellow RV’ers

Member: I keep seeing prophecy talking about the wealth transfer.. I know it's coming , it's just the waiting is really hard

Member: Hey Mark. Are we finally going to be able to turn this Page???

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

MarkZ Update- Some highlights by PDK-Not verbatim

Member: Good Morning Mark, Mods and fellow RV’ers

Member: I keep seeing prophecy talking about the wealth transfer.. I know it's coming , it's just the waiting is really hard

Member: Hey Mark. Are we finally going to be able to turn this Page???

Member: The only thing that would be the answer to all of our prayers is the RV

MZ: Tonight with Dr. Scott Young we are doing a podcast on “What to do when we exchange”

MZ: “ Parliamentary Finance: Reveals mountains of information received from the government: Budget tables will arrive” they are saying they will get their budget tables this week.

Member: MP on the law: Budget schedules will be decided in the coming days and parliamentary elections will not be postponed

MZ: Exactly…they are moving forward quickly.

Member: sooo budget tables arriving .. would include the rate change ? We hope?

MZ: “Economist: The unified accounting system is an effective tool to combat corruption.” They are removing the ability to hide funds and move funds. They are pulling a “DOGE” here. Very reassuring to see this in many governments now in Iraq, Vietnam and the US.

MZ: “With the Closure –A new decline in dollar prices in local markets” The dinar is stabilizing after the banking changes.

Member: New Movie in Iraq: Failure to Launch 2

Member: Why do I have a feeling we are not waiting for Iraq—that it is the US we are waiting on?

Member: What exactly are THEY waiting for to release these funds???

Member : Maybe we need an audit of the Federal Reserve and US Treasury before RV is released??? That could take awhile

Member: Mark , I read yesterday that Trump is putting Judy Shelton in as Fed Chair of the Treasury !! I think that was her title . Then at 1:11 Judy Shelton , It's time to make the dollar as good as gold !

MZ: Yes…suddenly she has been very busy again…..and there are rumors in the back halls of Washington DC that President Trump , DOGE and Ron and Rand Paul are going to audit Fort Knox and any day now they will be walking in there with all kinds of presidential clearances to do a physical counting. Wouldn’t that be something?

Member: Let us hope there is still some gold in there!!

Member: Bank of England having big problems giving people their gold back

MZ: On the bond side its exceptionally quiet. I am disappointed with the lack of news but not too surprised We are on day 2 of the three day window they are watching for their funds. The 10th, 11th and 12th.

MZ: We know people are busy working but do they have spendable funds?????

MZ: I think it’s the calm before the storm.

Member: Could bond holders have funds already deposited but being held as “pending”? I hope so.

MZ: They absolutely could. I believe Mike Bara has a contact that’s account is showing deposited funds on “hold” .

Member: What should we expect to see happen with the markets at this point? Will there be a “crash” of any kind?

Member: I wonder what happened to the dinar rates that were on bank and forex sites for awhile?

Member: Red Banner on local bank site today. New "digital" upgrades coming. Working on System Feb - 21-23 - back online Feb 24th!!

Member: I’m hearing from top big sources that beginning of March crap is going to hit the fan . So that could be when our distraction will be to go RV

Member: Do you know if the funds we receive are fiat, or crypto, or something else?

MarkZ reads an article about the auditing of the US Treasury and more called “Override-Inside the revolution rewiring American power”

https://www.sott.net/article/497778-Override-Inside-the-revolution-rewiring-America-power

https://eko.substack.com/p/override

Member: To the older generation what this means is "speed" in the world of tech. It does not slow down or stop till the objective is complete and there is no sleep or rest for many till then.

Member: We owe these coders and whoever selected them a Whole lot of Gratitude!

Member: Three day weekend. President’s Day on Monday the 17th

Member: Hopefully this weekend is the one that we have been waiting for.

Member: Thanks everyone…..have a wonderful day. See everyone tonight and pray we get great news by then.

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=ofq8lAAsDoU

DINARRECAPS8 2/11/25 DINARRECAPS8 2/11/25

10 Money Rules To Build Life-Changing Wealth

10 Money Rules To Build Life-Changing Wealth, According to Ramit Sethi

Diana Kelly Levey GOBankingRates Sun, February 9, 2025

You probably have a few money rules that you made for yourself, like setting a budget when you go clothes shopping, never looking at the menu prices when you eat out or setting aside a certain percentage of your income for savings.

Podcaster, author and financial guru Ramit Sethi isn’t shy about voicing his thoughts on money, particularly when it comes to “money rules.” In a video from his YouTube Channel, “I Will Teach You To Be Rich,” Sethi dove into his top 10 money rules for building life-changing wealth.

10 Money Rules To Build Life-Changing Wealth, According to Ramit Sethi

Diana Kelly Levey GOBankingRates Sun, February 9, 2025

As Sethi noted in the video, these are his rules. They make him feel happy and secure, and they allow him to continue building wealth. They won’t all work for us — ahem, most Americans can’t afford to buy a house in cash — but you should be able to find ideas from which you can borrow philosophies to help develop and formulate your own unique money rules.

Set Aside a One-Year Emergency Fund

Sethi acknowledged that he’s one of the few personal finance experts to suggest something that extreme — or should we say conservative? Most money experts recommend an emergency fund to cover three to six months’ worth of expenses.

The U.S. Bureau of Labor Statistics found that Americans spent about $73,000 in 2022, up about 9% over the previous year. If piling up $73,000 for a one-year emergency fund sounds daunting, start small. “If something really bad happens, I have extra cash available to tide things over,” Sethi said.

Apply the Rules of 10 and 20

Sethi said he saves 10% and invests 20% of his gross income at a minimum. In his book “I Will Teach You to Be Rich,” Sethi suggested saving 5% to 10% and investing 5% to 10% as part of a conscious spending plan (aka a budget). So why are his money rules different?

You need to increase the amounts you save and invest as you earn more money, he suggested. If you followed the popular 50/30/20 rule, 50% of your money would go to necessities, 30% to discretionary items and 20% to savings. How you’d want to split that up between emergency funds, general savings and investing is personal.

Pay In Full for Large Expenses

This money rule suggests you have enough money set aside that you’re able to pay in full for large expenses, such as a wedding or a house. As part of this, Sethi has adopted a no-debt policy in his household. And yes, he said he started saving for his wedding before he ever met his now-wife.

Why so strict on this money rule? “I don’t want cost to be the first reason to make a decision, the second or even the fifth,” Sethi said.

Never Question Spending On Books, Appetizers or Charity

DINARRECAPS8 2/11/25 DINARRECAPS8 2/11/25

Seeds of Wisdom RV and Economic Updates Tuesday Morning 2-11-25

Good Morning Dinar Recaps,

GRAYSCALE FILES FOR CARDANO ($ADA) SPOT ETF WITH NYSE ARCA

The Feb. 10 SEC filing proposes listing and trading shares of the Grayscale Cardano Trust, making it the first standalone ADA investment product in the U.S.

Grayscale Investments has officially filed for a Cardano ($ADA) exchange-traded fund (ETF) with NYSE Arca, marking a significant step toward institutional adoption of the blockchain’s native asset.

The filing, submitted as a proposed rule change (Form 19b-4) to the U.S. Securities and Exchange Commission (SEC) on February 10, seeks approval to list and trade shares of the Grayscale Cardano Trust as a spot ETF.

Good Morning Dinar Recaps,

If approved, this would be Grayscale’s first standalone Cardano investment product and the first spot ADA ETF in the U.S. market.

Institutional Partners and Market Reaction

According to the filing, the Coinbase Custody Trust Company would serve as the custodian for the ETF’s assets, while BNY Mellon Asset Servicing would act as its administrator. The Delaware Trust Company has been named as the trustee.

A Cardano ETF would allow institutional and retail investors to gain regulated exposure to ADA without directly purchasing or storing the cryptocurrency. It would also add credibility to Cardano as an investment asset and open the door for broader adoption in traditional finance.

Grayscale is already a major player in the crypto ETF market, managing products like the Grayscale Bitcoin Trust ETF and Grayscale Ethereum Trust ETF. Adding Cardano to its lineup would further diversify its offerings and provide investors with more blockchain-based investment options.

Regulatory Hurdles and Market Landscape

So far, the SEC has only approved spot ETFs for Bitcoin and Ethereum. Other cryptocurrencies, including Solana (SOL) and XRP, have faced delays due to regulatory uncertainty. The SEC previously classified ADA as a security in its 2023 lawsuits against Binance and Coinbase, which could pose additional challenges for approval.

Despite these hurdles, interest in crypto ETFs continues to grow. Recent filings for XRP, Solana, Dogecoin, and Litecoin ETFs suggest that more assets could soon enter the regulated investment space.

Cardano Joins the Growing ETF Race

Grayscale’s move follows a wave of crypto ETF applications in recent months:

XRP Spot ETFs:

WisdomTree, Bitwise, 21Shares, and Canary Capital submitted four 19b-4 applications to the SEC.

Bitwise filed an initial spot XRP ETF application in October 2024.

WisdomTree launched the Physical XRP ETP (XRPW) in Europe.

Cardano Exchange-Traded Products (ETPs):

Virtune AB launched a Cardano ETP on Nasdaq Helsinki in February 2025.

Tuttle Capital filed for a 2x leveraged ADA ETF in January 2025.

Worth noting, Grayscale is also working to convert its XRP Trust into an ETF.

@ Newshounds News™

Source: BSC News

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BRICS: RUSSIA AND INDIA CUT DOLLAR USE: 90% OF DIRECT TRANSACTIONS IN NATIONAL CURRENCIES

Russia and India now conduct nearly 90% of direct transactions in their national currencies, deepening financial ties and accelerating the global shift away from the U.S. dollar.

Moscow and New Delhi Tighten Financial Ties—Is the Dollar Era Ending?

Countries worldwide are increasingly shifting away from reliance on the U.S. dollar in international trade, a process known as dedollarization. Russia and India have strengthened their financial cooperation, with nearly 90% of direct transactions now conducted in their respective national currencies.

Russian Ambassador to India Denis Alipov stated in an interview with Tass:

Mutual payments in national currencies are stable. As of today, national currencies account for around 90% of direct payments between Russia and India.

He also noted that discussions are ongoing about the mutual recognition of Russia’s Mir and India’s RuPay payment systems, a step that could further enhance financial integration between the two countries.

Trade between Russia and India has continued to expand, with Indian statistics showing an 8.6% increase in the first 11 months of 2024. “According to Indian statistics, bilateral trade added 8.6% in 11M 2024 and amounted to $64.5 bln,” Alipov said.

He further detailed the contributions from each country, emphasizing: “Russian exports reached $60 bln (up by 7.7%), while supplies of Indian goods rose to $4.5 bln (up by 23.3%).

Russia is one of India’s four biggest trade partners, while in terms of the volume of products supplied it is the second-largest after China.” These figures highlight Russia’s growing importance as a key trading partner for India.

The increasing use of national currencies in trade between Russia and India reflects a broader global shift toward reducing dependence on the dollar amid evolving geopolitical and economic conditions.

As both countries work to integrate their financial systems, the potential recognition of the Mir and Rupay payment networks could simplify trade settlements and further strengthen economic ties between Moscow and New Delhi. With Russia securing its position as India’s second-largest supplier after China, these developments signal deeper financial and trade cooperation between the two nations.

@ Newshound News™

Source: Bitcoin News

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Thank you Dinar Recaps

Dinar Recaps 20 2/11/25 Dinar Recaps 20 2/11/25

News, Rumors and Opinions Tuesday Morning 2-11-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 11 Feb. 2025

Compiled Tues. 11 Feb. 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 11 Feb. 2025:

Mon. 10 Feb. 2025: Prepare For Phase II Blackout. Financial System Activated: Greatest Transfer of Wealth Have Begun.

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 Tues. 11 Feb. 2025

Compiled Tues. 11 Feb. 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 11 Feb. 2025:

Mon. 10 Feb. 2025: Prepare For Phase II Blackout. Financial System Activated: Greatest Transfer of Wealth Have Begun.

Mon. 10 Feb. 2025: Musk Audits 1% of Government, Uncovers Over $100 Billion In Fraud

Mon. 10 Feb. 2025: WARNING: BlackRock, Vanguard, and State Street Are STEALING America! RFK Jr. Exposes the Great Housing Conspiracy – And It’s Worse Than You Think! VIDEO – amg-news.com – American Media Group BlackRock, Vanguard, and State Street are gobbling up single-family homes across the country at an alarming rate. They are outbidding hard-working Americans, paying 20-50% over asking price, and snatching up entire neighborhoods before families even have a chance to make an offer. Why? Because they want absolute control. Think about it: If you don’t own a home, you are forced to rent. If you are forced to rent, THEY decide how much you pay. If THEY own the homes, THEY make the rules. And guess what? They’re just getting started. By 2030, these three corporations could own 60% of ALL single-family homes in America. This is NOT just a housing crisis. This is a war on the American Dream.

Mon. 10 Feb. 2025: President Trump instructed the US Treasury to stop minting new pennies. A one cent penny cost over 2 cents to make.

In Aug. 2025 the U.S. Treasury will (allegedly) send out a computer algorithm to each bank to zero debt balances in a Debt Jubilee. The banks will then (allegedly) zero out all mortgage debt, credit card debt, car debt, etc. On Wednesday, July 10, 2024 the Debt Jubilee was legalized(allegedly) by Trump. Citizens do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement coming out sometime in August. …JFK Awakening on Telegram

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Musk DOGE Audits:

Mon. 10 Feb. 2025 Musk: I just learned that the Social Security data base is not de-duplicated, meaning you can have the same Social Security number many times over. Creating Massive Fraud.

Read full post here: https://dinarchronicles.com/2025/02/11/restored-republic-via-a-gcr-update-as-of-february-11-2025/

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says we have made it to the finish line. We just need to cross it now. FRANK: I tend to agree with you Mr. Sammy. I use the example of Neil Armstrong waling down the ladder of the lunar module. He has one foot on the step of the ladder but the other foot is already touching the surface of the moon...We are simply waiting for the other foot to also touch the surface.

Militia Man Article: "Iraq advances one place in the global reserve" Iraq has massive amounts of reserves in comparison to what she truly needs in foreign currencies...You add the foreign reserves with her gold. For some reason they just found a few more tons of gold because they went from about 152 tons...to about 162 tons. They found enough chump-change to go buy 10 tons of gold! I think that's pretty funny because everybody's like, where do you get all that money?! All their new non-oil revenues and the profits they're making. They're making a surplus...And you wonder why gold is at $2880. That's a big jump...All-time extreme highs.

BRICS SHOCKS the US With the Addition of 23 Countries and Introduction of 0% Tariff Among Nations...

The New Citizen: 2-10-2025

The USA is in shock as 23 more countries join the BRICS nations and also with the introduction of 0% tariff among its members.

https://www.youtube.com/watch?v=F9NWFlE0UL8

5 Amazing Gold & Silver Charts, "The Best Is Yet To Come" - Mike Maloney & Alan Hibbard

2-11-2025

Join Mike Maloney and Alan Hibbard and discover five eye-opening charts that reveal how gold has outpaced the S&P 500, why currency printing far exceeds CPI inflation, and what soaring government debt means for the economy.

You’ll also see the surprising relationship between housing costs and gold. Whether you’re a seasoned investor or exploring gold and silver for the first time, these charts will give you crucial insights into where the markets might be headed next.

https://www.youtube.com/watch?v=U87pwUtVHW4

Dinar Recaps 20 2/11/25 Dinar Recaps 20 2/11/25

“Tidbits From TNT” Tuesday Morning 2-11-2025

TNT:

Tishwash: MP calls for enacting oil and gas law to solve salary crisis

Member of the Parliamentary Oil, Gas and Wealth Committee Nazim Al-Shabli called on the federal government today, Tuesday, to expedite sending the draft oil and gas law.

Al-Shabli told / Al-Maalouma / agency, “The legislation of the oil and gas law is sufficient to solve the crisis of salaries of the region’s employees, indicating that the law contributes greatly to stopping oil smuggling as well as addressing the salary crisis.”

He added that "the salary crisis is ongoing until now and there is hope and a beginning to solve it after the legislation of the oil and gas law within the Council of Representatives," noting that "the region continues to smuggle oil."

TNT:

Tishwash: MP calls for enacting oil and gas law to solve salary crisis

Tishwash: Government advisor: Financial concerns unfounded

The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed that the financial concerns raised from time to time about the economic situation in Iraq are "baseless."

Saleh told {Al-Furat News} that "Iraqi diplomacy is one of the most successful in protecting the country's supreme interests, according to the government program's adoptions and national constants, whether with the United States or others."
He added, "There is a high degree of consistency in managing the country's financial affairs in a stable manner within the framework of the general economic policy, which is a positive thing that is always indicated by the ability and flexibility to confront economic challenges with high rationality during the past years."

Saleh pointed out that "the country enjoys good financial flows from oil revenues and others, supported by efficient foreign reserves and promising economic activity in the real sector and partnership with the private sector witnessed by the country, especially in the sectors of renewable energy construction, fossil oil, electricity, gas, infrastructure, reconstruction and housing in an unprecedented manner."

Despite the statements of government officials reassuring the financial situation in Iraq, there are some concerns that are raised from time to time due to fluctuations in oil prices.

The Iraqi economy depends heavily on oil exports, which makes it vulnerable to fluctuations in global oil prices. Any drop in oil prices could significantly impact government revenues and lead to a budget deficit.
While there are some financial concerns, the economic situation in Iraq appears stable at the moment, thanks to good oil revenues and foreign reserves at the Central Bank of Iraq. link

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Tishwash: PM's Advisor: Government has taken steps to revive manufacturing industry

The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed that the government has taken steps to revive the manufacturing industry.

Salih told the official agency: "The revival of the manufacturing industry in Iraq is a strategic issue with multiple dimensions, the first of which is that the industrial operator, whether small, medium or large, is one of the most important activities responsible for employing 60% of the workforce."

He pointed out that "eliminating sustainable unemployment requires economic diversification, and the basics of diversification start with the industrial construction of Iraq. Secondly, the partnership with the private sector is an ideal solution for reviving the industrial sector itself, whether this partnership is in providing financing and government support or a partnership in ownership or capital.

This requires a balance between the public interest and private interests, while ensuring the existence of a transparent regulatory environment with high governance that encourages effective cooperation in an integrated social market between the two parties," noting that "the partnership in management and ownership between the public and private sectors leads to stimulating innovation and technological development and encouraging research and development, in addition to investing in advanced manufacturing technology such as automation, artificial intelligence and 3D printing."

He stressed that "the financing partnership represents the provision of financial support to small and medium enterprises operating in the field of manufacturing to create an optimal operating lever," explaining that "the national development plan indicates efforts to rebuild the foundations of the manufacturing industry through real partnerships with the private sector, where the state contributes to guaranteeing sovereign financing for manufacturing industries by 85%, while the private industrial project bears 15% of the financing."

He continued that "this financing strategy is devoted to financing industrial projects at five levels, foremost of which are projects whose products are related to construction and housing or contribute to development road works, then pharmaceutical industries, petrochemical industries, and others," noting that "the government's economic philosophy, in accordance with the government program, is based on the partnership between the state and the market with broad social security, and this is what makes it work according to the social market theory, which is a departure from economic liberalism and its risks."

He explained that “Riyada Bank was established with the support of the state to provide small and medium-sized loans to young people, and this was preceded by the Prime Minister’s Riyada Initiative, which paved the way for this by providing thousands of loans to youth sectors and stimulating their innovations,” explaining that “this will lead to encouraging the country’s regulatory and investment environment and adopting policies that encourage competition, improve the business environment, and reduce bureaucratic regulations that may hinder the industrialization process and its rapid advancement.” link

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Tishwash: Regional demonstrations: The political class lives in isolation from the suffering of the street

The wave of anger escalated in the Kurdistan Region of Iraq with the continuation of the crisis of delayed payment of salaries, which pushed thousands of employees and teachers into the streets, in protests that did not subside despite the cold weather and snowfall.

In Sulaymaniyah, where the sit-ins are concentrated, a number of protesters decided to go on a hunger strike, stressing that they will not back down until their demands are met.

A political source from Erbil said that the current crisis is not a recent one, but rather the result of political and financial accumulations between Baghdad and Erbil, as these scenes are repeated every few months without radical solutions.

He added that the partial solutions proposed after each crisis do not guarantee the stability of the financial situation of the region's employees, which increases the state of frustration and popular resentment.

While the regional government is trying to reassure employees, security forces in Erbil continue to prevent the protests from spreading to it, as they refused to receive demonstrators coming from Sulaymaniyah. Local sources said that dozens of those who tried to organize gatherings in Erbil were subjected to security harassment, which increased tensions between the two cities.

“We don’t want slogans, we want our salaries,” tweeted a Kurdish activist on the X platform. “We don’t care about the conflict between Erbil and Baghdad, we want our children’s livelihood, which has become hostage to political differences.” In another Facebook post, a citizen from Sulaymaniyah wrote: “If we were demonstrators in any other country, we would be a global trend, but we are Kurds, so no one cares.”

Economic sources reported that the financial crisis in the region is not only a result of the delay in transferring funds from Baghdad, but also due to the lack of transparency regarding local revenues, especially from border crossings and oil revenues, the numbers of which remain vague despite the demands of the federal parliament to disclose them.

A social researcher believes that the current crisis goes beyond the economic dimension, as it represents a crisis of confidence between the Kurdish citizen and his government, as many feel that the political class lives in isolation from the suffering of the street. He added that the continued security suppression of the demonstrations may lead to a greater escalation, and perhaps to the emergence of new protest movements that are not subject to traditional political leadership.

“Every month we live with the same anxiety: When will we get our salaries? Will the high prices be enough? We don’t even have the luxury of planning for the future,” said Farid Othman, a government employee from Sulaymaniyah. “The regional government justifies, Baghdad evades, and we pay the price. How long will the citizen remain the victim?” said Shireen Abdullah, a resident.

Analysis of the situation indicates that the crisis is likely to worsen, especially if a clear mechanism is not found to ensure salary stability away from political conflicts. link

Mot: . the 7 dwarves of Valentines!!!

Mot: Yeppers -- A ""Love Poem"" frum ole ""Earl""

DINARRECAPS8 2/10/25 DINARRECAPS8 2/10/25

Iraq Economic News and Points to Ponder Monday Evening 2-10-25

Iraq Is Ranked One In Global Gold Reserves

Economics Breaking 2025-02-08 Shafaq News/ The World Gold Council announced, on Sunday, that Iraq is providing one rank in the ranking of the countries most retaining gold in the world.

According to the last schedule published by the Council in the month of February, and it was seen by the Shafaq News Agency, Iraq ranked 28 out of 100 countries listed in the table, after it was ranked 31 globally, to be ranked fourth in the Arab world after Saudi Arabia, Lebanon and Algeria.

According to the table, Iraq raised its possession of gold to 162.7 tons, representing 12.7% of its total reserves.

The council pointed out that "the United States of America tops the list of the largest gold-holder in the world, with 8.133 thousand tons, followed by Germany with 3.351 thousand tons, then Italy with 2.452 thousand tons, while Trinidad and Tobago, the list with 1.9 thousand tons."

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors affecting market changes, and its members include the largest and most advanced gold mining companies in the world. https://shafaq.com/ar/اقتصـاد/العراق-يتقدم-مرتبة-واحدة-في-احتياطي-الذهب-العالمي

The Ministerial Council For Economy Discusses Maximizing Revenues And Confronting Economic And Financial Crises

Economy | 10/02/2025 Mawazine News – Economy The Ministerial Council for the Economy discussed, on Monday, ways to maximize revenues and confront economic and financial crises, and took a set of important decisions regarding the import of cars and agricultural projects.

The Council stated in a statement received by "Mawazine News" that Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired the fourth session of the Ministerial Council for the Economy, which was held in the presence of a number of ministers and advisors.

The statement indicated that the Council discussed maximizing revenues to confront the economic challenges resulting from political and economic changes in the region and the world, with a focus on estimates of state real estate for the purposes of sale or rent, and following up on the collection of revenues for various state departments, in addition to emphasizing the Cabinet's decision to use electronic collection.

The Council also decided to authorize Salah al-Din Governorate to directly implement projects that were previously studied, in a manner that does not conflict with the budget law and applicable instructions.

A decision was also taken to complete the work of the committee specializing in studying the import of cars, with the addition of representatives from the General Traffic Directorate, the Ministry of Trade, the Ministry of Construction and Housing, and the Ministry of Environment.

Regarding the agricultural sector, the Council affirmed the commitment of all parties to the approved agricultural plan, and recommended mobilizing all ministries to allocate the available warehouses of the General Company for Grain Trade to store wheat received from farmers. It was also decided to allocate lands in the governorates to establish silos to store marketed wheat.

In the field of industry, the Council decided to include chicken, cuts and processed products in the agricultural calendar, while requesting the Ministry of Agriculture to provide accurate data on the cut chicken industry and the extent to which it covers the needs of the local market. https://www.mawazin.net/Details.aspx?jimare=259488

British Ambassador To Nina: Baghdad And London Will Implement Major Projects And Our Companies Are Ready To Invest In Iraq

Monday 10 February 2025 | Economic Number of readings: 70 Baghdad / NINA / The British Ambassador to Iraq, Stephen Hitchcock, confirmed that British companies are very willing to invest in the Iraqi market.

Hitchcock said in a statement to the National Iraqi News Agency ( NINA ) that "diversifying the Iraqi economy and sources of national income has become necessary to face the challenges of the decline in global oil and gas prices, and to enhance the revenue cycle that Iraq relies on within the year 2040."

“During Prime Minister Mohammed Shia al-Sudani’s recent visit to London, agreements were signed for major projects worth £12 billion, which do not include BP investments,” he added.

“This is a major advance in the readiness and willingness of British companies to work in Iraq, and the Gulf states are also well prepared to invest in Iraq,” he said, noting that “one of the agreements signed by the governments of Iraq and Britain relates to a British energy technology company linking the Iraqi national grid with the Saudi electricity grid.”

He explained that “BP, a private company not affiliated with the government, has decided to invest again and expand its operations in Iraq, and this is evidence that British companies in general are more willing to invest in the Iraqi market, which reflects investors’ confidence in the country’s future.”/End 5 https://ninanews.com/Website/News/Details?Key=1184876

Ministry Of Finance: Federal Budget Revenues Exceed 135 Trillion Dinars In 11 Months

The Ministry of Finance announced today, Monday, that the volume of revenues in the federal budget for the fiscal year 2024 exceeded 135 trillion dinars during the period from January to November.

Data issued by the ministry showed that total revenues amounted to 135 trillion, 322 billion, 716 million, 694 thousand, and 603 dinars, while the value of advances amounted to 17 trillion, 352 billion, 387 million, 556 thousand, and 226 dinars.

The tables showed that oil revenues accounted for 88% of total revenues, amounting to 119 trillion, 33 billion, 253 million, and 845 thousand dinars, which confirms the continued reliance of the general budget on the rentier economy, while non-oil revenues amounted to 16 trillion, 289 billion, 462 million, and 848 thousand dinars, representing 12% of the general budget.
https://www.radionawa.com/all-detail.aspx?jimare=41164

Government Advisor: Financial Concerns Unfounded

Time: 2025/02/10 17:46:39 Reading: 645 times {Local: Al Furat News} The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, confirmed that the financial concerns raised from time to time about the economic situation in Iraq are "baseless."

Saleh told {Al-Furat News} that "Iraqi diplomacy is one of the most successful in protecting the country's supreme interests, according to the government program's adoptions and national constants, whether with the United States or others."

He added, "There is a high degree of consistency in managing the country's financial affairs in a stable manner within the framework of the general economic policy, which is a positive thing that is always indicated by the ability and flexibility to confront economic challenges with high rationality during the past years."

Saleh pointed out that "the country enjoys good financial flows from oil revenues and others, supported by efficient foreign reserves and promising economic activity in the real sector and partnership with the private sector witnessed by the country, especially in the sectors of renewable energy construction, fossil oil, electricity, gas, infrastructure, reconstruction and housing in an unprecedented manner."

Despite the statements of government officials reassuring the financial situation in Iraq, there are some concerns that are raised from time to time due to fluctuations in oil prices.

The Iraqi economy depends heavily on oil exports, which makes it vulnerable to fluctuations in global oil prices. Any drop in oil prices could significantly impact government revenues and lead to a budget deficit.
While there are some financial concerns, the economic situation in Iraq appears stable at the moment, thanks to good oil revenues and foreign reserves at the Central Bank of Iraq. LINK

Dollar Prices Fall In Baghdad And Erbil With Closing

10/02/2025 Mawazine News – Economy The US dollar fell against the Iraqi dinar on Monday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar fell with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 150.200 dinars per 100 dollars, while the prices were 150.250 dinars per 100 dollars this morning.

The selling prices in exchange shops in the local markets in Baghdad were also stable, where the selling price reached 151.250 dinars per 100 dollars, while the purchase price reached 149.250 dinars per 100 dollars.

In Erbil, the dollar also fell, where the selling price reached 1,500.00 dinars per 100 dollars, and the purchase price was 149.900 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=259483

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

DINARRECAPS8 2/10/25 DINARRECAPS8 2/10/25

Seeds of Wisdom RV and Economic Updates Monday Evening 2-10-25

Good Evening Dinar Recaps,

REP. WATERS PROPOSES STABLECOIN RULES, FEDERAL OVERSIGHT

Both House Republicans and Democrats have introduced proposals to regulate U.S. stablecoins, signaling that the sector is a legislative priority under President Donald Trump.

Maxine Waters, the ranking Democrat on the House Financial Services Committee, published a proposal for stablecoin oversight through federal watchdogs such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve, according to Punchbowl News.

Good Evening Dinar Recaps,

Waters’ discussion draft also outlines regulatory frameworks for state regulators. Back in 2022, Rep. Waters criticized a Republican-led House Committee bill, calling it “deeply problematic” due to concerns over allowing state regulators to approve stablecoins without Federal Reserve oversight.

At the time, she argued before former Committee Chair Patrick McHenry that this approach could introduce unforeseen risks.

Rep. Waters’ proposal means that both Republican and Democratic lawmakers have now introduced stablecoin regulations since President Trump took office.

Last week, Rep. French Hill, the new Republican Chair of the House Financial Services Committee, submitted a draft bill for stablecoin regulation, co-sponsored by Rep. Bryan Steil. The bill would grant the OCC authority to approve and supervise payment stablecoin issuers.

Specifically, the OCC can license and oversee nonbank stablecoin operators with federal permits. The rules could allow firms like Ripple to enter the $220 billion market.

Rep. Hill’s bill contrasts with Rep. Waters’ proposal, as it assigns stablecoin oversight to the OCC rather than the Federal Reserve, which Waters had advocated. Waters previously stated that House lawmakers needed a “grand bargain on stablecoins” to move forward with regulation.

In the Senate, GOP Senator Bill Hagerty also introduced the “Guiding and Establishing National Innovation for U.S. Stablecoins” Act. Policymakers also unveiled a bi-cameral working group focused on passing crypto regulation at a press conference hosted by White House AI and crypto czar David Sacks.

@ Newshounds News™

Source: CryptoNews

~~~~~~~~~

BRICS: NEW NATION REJECTS DE-DOLLARIZATION AMID TRUMP TARIFFS

The last several weeks have seen geopolitical tensions growing. With both sides reaching a fever pitch, the BRICS has seen yet another nation reject de-dollarization amid the implementation of US President Donald Trump’s new tariffs. Indeed, the president is set to introduce new 25% import taxes Monday as his aggressive economic policy continues.

The move has propelled the US dollar upward, as it seems to reinforce faith in the greenback. However, its potential impact on the United States and the world economy remains to be seen.

All that is certain is that the country is setting the planet on course for a trade war that is wide in its scope and impact.

BRICS Sees Yet Another Country Reject De-Dollarization as Trump Tariffs Take Effect

En route to his campaign victory in November, Trump had championed the importance of the US dollar. Indeed, he noted that the greenback losing its status as the world’s currency would be akin to the nation losing a war.

This has driven his economic policy, as he looks to defend the nation’s currency against lessened international usage and thwart potential expansion of the idea.

To this point, it appears the aggressive stance is working. Indeed, a new BRICS nation has spoken out rejecting de-dollarization as Trump’s tariff plan begins to take effect. It joins nations like India in reassuring that the bloc’s operations are not directly tied to harming the US dollar.

Specifically, Indonesia’s chief economist, Josua Parde, recently confirmed it has no interest in targeting the greenback. Alternatively, its BRICS participation is merely tied to its own economic growth. Indeed, Pardede notes that the distinction between the two is of the utmost importance to the nation.

“We are entering BRICS not to support the de-dollarization of China and Russia but rather to expand trading partners,” Pardede said. “This de-dollarization that we are encouraging is to provide an option for the business world not to always depend on the dollar,” they added.

It will be interesting to observe how Trump responds. With his targeting of Mexico and Canada, things may have changed. Indeed, it appears that his economic policy may be less tied to the US dollar’s status than originally perceived. However, he could redirect his approach to BRICS. Instead, targeting nations actively seeking to decrease the value of the dollar in the coming weeks.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

PRO: NORTH CAROLINA’S STRATEGIC BITCOIN RESERVE BILL A ‘BIG DEAL’

Introduced by Rep. Destin Hall, Speaker of the NC House of Representatives, the bill would allow state lawmakers to invest up to 10% of the state’s funds into exchange-traded products tied to digital assets with a market capitalization exceeding $750 billion.

It also authorizes Bitcoin investments for state-managed funds, including teachers’ and state employees’ pensions, insurance funds, and veterans’ home trust funds.

@ Newshounds News™

Mot: It's important for men to remember that as women grow older…..

TNT:

Mot: It's important for men to remember that as women grow older…..

It's important for men to remember that as women grow older, household tasks may not come as easily to them as they once did. When this happens, patience is key—after all, there's nothing worse than an overstressed wife.

My name is Fred, and I’d like to share how I’ve handled this with my wife, Linda.

When I retired a few years ago, Linda had to take on a full-time job in addition to her part-time one, both to help with expenses and to maintain our health insurance. Not long after, I began noticing little signs that she was slowing down. I usually get home from the golf course about the same time she arrives from work. Even though she knows how hungry I am, she often says she needs a short break before making dinner.

TNT:

Mot: It's important for men to remember that as women grow older…..

My name is Fred, and I’d like to share how I’ve handled this with my wife, Linda.

Now, I don’t complain. Instead, I encourage her to rest as long as she needs—then wake me up when the food is on the table. Since I usually have a hearty lunch at the club, eating out again isn’t practical. By the time I walk in the door, I’m more than ready for a nice home-cooked meal.

In the past, Linda would clear the table and do the dishes right after dinner. Lately, though, I’ve noticed that they sometimes sit there for hours. I do my best to be supportive by gently reminding her—several times—that they won’t clean themselves. I know she appreciates these little nudges because, eventually, she gets them done before bed.

Another thing about aging is that it seems to bring out a tendency to complain. Take the bills, for example. Linda often says she struggles to find time to pay them during her lunch break. But hey, we vowed to take each other for better or worse, so I offer my best advice: spread it out over two or three days so she won’t feel rushed. I also reassure her that skipping lunch every now and then wouldn’t do any harm (if you catch my drift).

When it comes to household chores, she’s been needing more breaks. Just the other day, she stopped halfway through mowing the lawn. Now, I didn’t make a fuss. I’m a reasonable man. I told her to take a break, fix herself a big, cold glass of fresh lemonade, and sit down for a while. And, of course, since she was making one, she might as well bring me one, too.

I know I probably sound like a saint for being so patient with Linda. Believe me, it’s not easy. Some men might struggle to show this level of understanding. But if my story encourages even one husband to be more considerate toward his aging wife, then sharing it will have been worth it. After all, we’re here to help each other.

EDITOR’S NOTE:

Fred passed away unexpectedly on July 23 due to a freak accident. According to the police report, he was found with a 50-inch titanium golf club lodged in a rather unfortunate place, with only five inches of grip still visible. A nearby sledgehammer suggested it had been "gently encouraged" into position. His wife, Linda, was taken into custody but was swiftly acquitted by an all-female jury. Her defense? Fred had somehow, without looking, accidentally sat on his own golf club.

Dinar Recaps 20 2/10/25 Dinar Recaps 20 2/10/25

Economist’s “News and Views” Monday 2-10-2025

Is GOLD The ONLY Thing That Will SURVIVE The Global Debt CRISIS? - Matthew Piepenburg

In this latest interview, Matthew Piepenburg discusses how the global debt crisis, particularly U.S. sovereign debt, is driving both inflation and gold prices higher, while explaining how BRICS nations are gradually moving away from dollar dependence.

He argues that while the U.S. won't lose its reserve currency status immediately, the combination of debt, currency debasement, and BRICS nations' increasing oil trades outside the dollar system will continue to strengthen gold's position as a long-term store of value.

Is GOLD The ONLY Thing That Will SURVIVE The Global Debt CRISIS? - Matthew Piepenburg

0:00 Introduction

0:28 Risk that trade wars become military wars

2:06 How will gold respond in this environment?

5:26 BRICs and de-dollarization

8:53 Outlook for gold in 2025

https://www.youtube.com/watch?v=yZssvNfz8rc

Is Bitcoin REALLY The NEW GOLD?

Lynette Zang: 2-9-2025

In this video Lynette breaks down the key differences and similarities between the two so you can make educated decisions, that benefit you!

https://www.youtube.com/watch?v=PXlXyYR8LDY

A "Gold Run" May Have Begun at the Bank of England

Heresy Financial: 2-10-2025

TIMECODES

00:00 Surging Gold & Market Stress

00:24 Bank of England Bullion Discount

00:50 Spot Price Gap & Delivery Delays

01:12 $5 Discount & Bank Run Concerns

01:33 Confiscation History & Gold Repatriation

01:57 Poland’s Example: Moving Gold Home

02:18 Delays & Fractional Reserve Suspicions

02:42 Storing Gold Privately

03:00 BofE Issues vs. Wider Market

03:19 Global Demand & Lease Rate Jumps

03:43 Gold’s 40% Price Surge

04:12 Parallels to 2020’s Rapid Run

04:33 Gold as Stability & Inflation Hedge

05:00 Big Money Positioning for Uncertainty

05:39 Silver Markets & SLV Borrowing Fees

06:01 Shorting Difficulty & Physical Metal

06:22 Tariff Premium & BofE Explanation

06:50 Fractional Reserve Gold Exposures

07:15 Gold’s Purchasing Power Over Time

07:38 Outpacing Tech-Driven Deflation

07:54 Gold as Savings & Asset Reserve

08:22 Get It Before You Need It

08:39 Affiliate Links & Closing Remarks

https://www.youtube.com/watch?v=xdpf34TyVI0

DINARRECAPS8 2/10/25 DINARRECAPS8 2/10/25

Iraq Economic News and Points to Ponder Monday Afternoon 2-10-25

Complex Networks And Ways To Smuggle The Dollar From Iraq To Iran .. An American Report Reveals The Details

2025-02-07 |10,063 views Alsumaria News – Economy An American report stated that numbers the huge of the auctions of the Central Bank of Iraq in selling hard currency raises doubts and anxiety about the possibility of smuggling a large part of the currency to Iran. The report stated that

"the sales of the Central Bank of the currency amounted to more than 81 billion dollars during 2024, which is a significant increase from the year 2023, as sales were approximately $41 billion."

Complex Networks And Ways To Smuggle The Dollar From Iraq To Iran .. An American Report Reveals The Details

n Wednesday, US President Donald Trump signed a presidential note to take immediate action from federal agencies to prevent Iran from using the Iraqi financial system.

"The country is facing a difficult test, as Baghdad wants to meet the imposition of US sanctions, and
at a time it seeks to maintain the stability of the country's economy and not enter into new crises," said Iraqi economic experts.

According to the report,

"Iran is using the financial system in Iraq in order to circumvent international sanctions, and to find an important outlet to obtain the hard currency and smuggle it to Tehran."

The professor of international economic relations, Abd al-Rahman al-Mashhadani, stressed that "Iran's exploitation of the Iraqi financial system is a problem that we have warned about for years," noting that

"there" a set of methods that Iran follows in Iraq, which appears clearly in the balance of trade that tends to benefit exports Tehran, where Baghdad with a value of less than one billion dollars for this neighboring country.

Republican MP, Joe Wilson, revealed that Trump issued a directive in which he called the Treasury and other American agencies to take immediate steps to ensure that the Iraqi financial system is not used by Iran to evade or overcome sanctions.

He also directed not to use the Gulf states as re-charging points in order to evade sanctions.

Wilson said in a post on the X platform, which attached it to a picture of the decision that Trump signed, that these steps should ensure Iran financial system does not use the Iraqi to evade the sanctions, or bypass them, and the failure of the Gulf states as re-recharge points in favor of Tehran.

While the academic and professor of economics, Nabil Al -Marsoumi, said that "Iran is officially issued by about $12 billion for Iraq, and these are all revenues achieved in the dollar in favor of Tehran," noting that "these numbers only reflect what is happening on the level of trade, but there are many amounts that are smuggled By complex networks.”

Al-Marsoumi agrees, "the existence of a group of importers, banks and money transfer offices to form networks that depend on fabricated documents, whether in quantities or value, in order to transfer billions of dollars annually", stressing "the presence of two types of smuggling to the dollar in Iraq,

one to introduce the hard currency to the Iraqi market, and the
second to return His smuggling to Iran."

In August 2023, the Iraqi National Security Agency announced in a statement,

"The overthrow of the most prominent currency smuggling networks, which "included a group of suspicious financial and banking activities, has admitted that fake companies have practiced commercial businesses as a cover for currency smuggling out of the country."

needs Iran currency the dollar to stabilize its deteriorating economy, which has been severely affected by US sanctions, while the troubled Iranian currency has lost much of its value.

"The mechanisms followed by Tehran in Iraq target official institutions such as the Central Bank, or private banks, some of which are considered facades of political parties," according to a member of the Parliamentary Finance Committee, MP Jamal Koger.

To ensure commitment to American standards regarding money laundering and sanctions on Iran, more than 20 Iraqi banks were prevented from carrying out transfers in dollars, but they are still working in Iraq using the dinar.

"Among the most prominent ways that Iran follows with the exploitation of the commercial sector, which provides Tehran, as goods are imported that are amplified, for example, the  deal may be worth a million dollars, to become on paper worth four million dollars," noting that "the method is The

     second that began to spread to the establishment of Iranian factories inside Iraq, and
     their products are sold on the market, and revenues are transferred to Iran through specialized networks.

Even some cash amounts are sent directly by individuals crossing the border to Iran, especially with the boundary ports in the boundaries to track or prevent the smuggling of the currency.

private sector And Professor of International Economic Relations, Abdul Rahman Al-Mashhadani, stated that

"the Iraqi, which imports billions from Iran, usually depends on collecting the dollar from the parallel market, through specific exchange networks or even from individuals directly," stressing that

"these financial transactions with Iran usually does not take place through the central bank, especially after the electronic platform was imposed in a previous period.

Al-Mashhadani pointed out, "The existence of information confirming that there is a fake Iraqi currency that is printed in Iran, and is pumped into the Iraqi market to obtain the dollar."

He explained that "there are armed factions in Iraq, some of which were founded by investment companies, which transferred billions of dollars directly to Iran."

"Despite talking about the existence of Iranian-Iranian exchanges in which the Iranian Toman is used, the bulk of the deals are made in the American dollar," according to Al-Mashhadani. Al-Mashhadani asked,

"How do goods bought about $25 million per day from Iran?"

Among the means also in which Tehran is exploited by Baghdad, according to Al-Mashhadani,

"the operations of Iranian oils or the sale of Iranian oil as an Iraqi oil, as exchanges are carried out in the territorial waters in a step to circumvent international sanctions."

Al-Mashhadani identified the mechanism that "certificates of origin and export of this oil are fabricated as from Iraq, and it is re-exported to countries in East Asia, which is reselling."

On Thursday, the United States announced the imposition of financial sanctions, the first since President Donald Trump, targeting an "international network" accused of transporting Iranian oil to China to finance Tehran's military activities.

The US Treasury said in a statement that

"the sanctions target an international network that facilitates the transportation of millions of Iranian crude oil barrels, by hundreds of millions of dollars, to China," the US Treasury said in a statement.

In early 2023, the Central Iraq announced the adoption of an electronic platform in order to monitor the movement of the dollar sale and money laundering operations.

The academic and professor of economics, Al-Marsoumi said that "the mechanisms that were developed during the last period to curb the currency smuggling to and from Iraq, did not succeed, especially the electronic platform."

He added that "in some Iraqi markets, the Iranian transactions are made, but these sums are replaced again in the Iraqi interior in dollars."

At the beginning of this year, the Central Bank of Iraq suspended the work of the electronic platform mechanisms related to the sale of the dollar, while indicating the continuation of the mechanism of granting the dollar to travelers at airports.

Al-Marsoumi stated that "the platform did not perform the purpose required of it, as the sales of the central bank increased from the dollar during the period that followed the opening of the platform, simply the importers were providing fabricated bills and even if they followed them in a fundamental way that cannot be detected."

Koger agrees that "the electronic money transfer platform was unable to stop smuggling difficult currencies from Iraq to Iran, and networks are active in transferring the cash dollar in the parallel markets."

Al-Mashhadani fears that "Baghdad affects the effects of international sanctions on Iran, as the recent decisions of Washington include stopping the import of Iranian gas in favor of Iraq."

He said that "the Iraqi economy may be shocked by these decisions, especially since Iraq depends on Iranian gas to generate electricity, and what may happen is a crisis in the event that the alternative to Iranian gas is not found."

The electricity file is sensitive in Iraq, as its 43 million residents suffer on a daily basis of electricity that may reach 10 hours. The matter is worse, the temperatures rise up to fifty during the summer.

In the event that the sanctions are expanded to include the banking system, it will lead to more economic pain, especially since 28 banks are subject to sanctions from 62 banks in Iraq.

"Iraq will not be able to break its economic association with Iran, especially with the great dependence on gas imports to generate electric energy to the Iraqi provinces."

He said, "The Iraqi government must talk to the American authorities, in order to continue to take exceptions to ensure the continued flow of gas."

has long granted The United States exemptions from applying sanctions by paying money to Iran in exchange for supplies of electricity, that Tehran does not use these funds except in "transactions that are not subject to sanctions" such as buying humanitarian goods, including food and agricultural products.

On Wednesday, Trump canceled the exemption granted to Iraq to import electricity and gas from Iran, while he also decided to prevent Tehran from "exploiting the funds of Baghdad."

https://www.alsumaria.tv/news/economy/515580/شبكات-معقدة-وطرق-تهريب-الدولار-من-العراق-لإيران-تقرير-امريكي-يكشف-التف

Prime Minister's Advisor Presents Model To Enhance Liberalization Of Monetary Bloc

Economy   02-8-2025, Baghdad - WAA - Nassar Al-Hajj   The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, presented a proposal today, Saturday, that contributes to mobilizing idle funds for development projects.

Saleh told the Iraqi News Agency (INA):

"The presence of a large monetary bloc outside the banking system, which exceeds 85% of the total monetary issuance, constitutes a phenomenon with repercussions on the national economy." He explained that "this is a phenomenon

     deeply inherited in the country's economic history, and is
     linked to the citizen's confidence in the banking systems and
     in long years of instability, which
     created a state of tendency towards widespread hoarding, as

this behavior involves the demand for cash in liquid form outside banks accompanied by a lack of confidence in this monetary behavior."

He added, "This leads to two main problems, the first is the presence of idle money that does not contribute to the completion of the income cycle, which affects the balance between savings and investment, and thus limits the potential for economic growth.

The second problem is the spread of credit operations outside the banking system, where this money is lent at high interest rates of up to five times the official bank interest rates, which increases the cost of economic financing and leads to significant financial risks."

Saleh presented "a financing model that combines equity (shares) and credit rights (bonds), so that the
lender is treated as a shareholder, with a minimum guarantee of losses through insurance companies." He pointed out that "this model, which is common in global financial markets,

     can contribute to mobilizing idle money for development projects,
     creating a new investment culture that supports the national economy."

https://www.ina.iq/227648--.html

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

DINARRECAPS8 2/10/25 DINARRECAPS8 2/10/25

Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-10-25

Feb 10

Good Afternoon Dinar Recaps,

GOLD REACHES ALL-TIME HIGH AS BITCOIN STRUGGLES FOR MOMENTUM AMID MARKET UNCERTAINTY

▪️Gold has surged to a new all-time high, outperforming bitcoin year-to-date, as central banks continued aggressive purchases.

▪️Meanwhile, bitcoin’s price increase of around 5% since the beginning of the year has been marked by volatility, with markets reacting to Donald Trump’s proposed tariffs and broader macroeconomic risks.

Good Afternoon Dinar Recaps,

Gold reached a fresh all-time high of $2,902 per ounce as of Monday, marking a 17.5% increase since the start of the year.

Gold’s bullish trajectory has been fueled by ongoing central bank purchases, concerns over global trade policies, and investor demand for safe-haven assets, according to a report from the World Gold Council. Its data shows global gold reserves increased by 694 tons in the first ten months of 2024, continuing the record accumulation trend from previous years.

The report said central banks are expected to remain net buyers of gold in 2025, citing de-dollarization efforts and geopolitical risks as key drivers.

Among the largest gold buyers in 2024 were Poland, India, Turkey and China, with net purchases of 89.5 tons, 72.6 tons, 74.8 tons, and 44.2 tons respectively. Western sanctions on Russia’s central bank reserves in 2022 have been cited as a turning point, reinforcing gold’s role as a geopolitical hedge.

The World Gold Council report found that 69% of central banks expect to continue accumulating gold, while 83% of those in industrialized nations cite it as a hedge against inflation and financial instability.

Trump’s tariffs and market impact

Markets remain uncertain after President Donald Trump announced on Sunday a 25% tariff on all steel and aluminum imports, renewing fears of a global trade war. Steel and aluminum stocks surged in premarket trading in New York, with U.S. Steel and Nucor rising 8% and Cleveland-Cliffs gaining 9%. Alcoa also saw a 4% increase.

With Mexico and Canada among the top three U.S. suppliers, the tariffs cast doubt on last week’s temporary delay and could reignite trade tensions. Although stock futures showed optimism on Monday, QCP Capital sees a feedback loop emerging.

"President Trump, highly sensitive to market reactions, is facing a market increasingly calling his bluff. This could embolden him further, adding another layer of volatility," said QCP Capital.

While bitcoin is often discussed as a hedge against monetary and geopolitical uncertainty, its correlation with risk assets has remained elevated, making it susceptible to shifts in market sentiment, according to a Bitwise report on Monday. In contrast, gold’s traditional role as a safe haven has strengthened its appeal amid growing concerns over inflation and trade disruptions.

@ Newshounds News™

Source: The Block

~~~~~~~~~

CFTC ANNOUNCES CRYPTO FRAUD ACTION AFTER ENFORCEMENT PRIORITIES SHIFT

Acting CFTC Chair Caroline Pham announced on Feb. 4 that the commission would essentially end its practice of regulation by enforcement.

The US Commodity Futures Trading Commission (CFTC) announced a consent order charging a New York resident with fraud in one of the agency’s first crypto-related enforcement actions under acting Chair Caroline Pham.

In a Feb. 10 notice, the CFTC said US authorities had charged Rashawn Russell with engaging in a digital assets trading scheme from 2020 to 2022, in which he solicited investors to contribute cryptocurrency to a fraudulent fund.

According to the complaint, Russell misappropriated roughly $1.5 million through the scheme, which had him plead guilty to wire fraud in the US District Court for the Eastern District of New York.

“Russell guaranteed no loss to investors, and in some instances, guaranteed a minimum twenty-five percent return,” said the CFTC complaint filed on Jan. 16. “In reality, Russell intentionally and/or recklessly made false or misleading statements to solicit and retain investors.”

The enforcement case was one of the agency’s first actions since acting Chair Pham announced on Feb. 4 that the CFTC would be restructuring its Division of Enforcement’s priorities to focus on fraud.

The commission said it planned to divide responsibilities for enforcement cases into two task forces focused on retail fraud and “complex fraud and manipulation.”

Crypto enforcement cases going into 2025?

Members at the CFTC elected Pham as acting chair on Jan. 20 amid the inauguration of US President Donald Trump, whom many expect will nominate a commissioner to fill former Chair Rostin Behnam’s seat. Behnam stepped down as chair on Jan. 20 but remained at the CFTC until Feb. 7, leaving the commission one seat shy of a full panel.

During the 2024 fiscal year under Behnam, the CFTC reported more than $17 billion in monetary relief, stemming mainly from the agency’s actions against crypto exchange FTX.

Pham’s announcement regarding the commission’s shift in priorities suggested that the CFTC would focus less on regulating by enforcement for crypto firms handling digital assets considered commodities.

The US Securities and Exchange Commission — the country’s other significant financial regulator overseeing digital assets — announced in January that it would form a crypto task force to develop a regulatory framework.

Trump appointed SEC Commissioner Mark Uyeda as acting chair following the departure of Gary Gensler until the US Senate can consider the nomination of former commissioner Paul Atkins.

@ Newshounds News™

Source: CoinTelegraph

~~~~~~~~~

RIPPLE'S FIRST FORAY INTO PORTUGAL: PARTNERS WITH UNICÂMBIO USING BLOCKCHAIN FOR INSTANT CROSS-BORDER PAYMENTS

Ripple has expanded its European presence by partnering with Unicâmbio, a leading currency exchange provider in Portugal, to facilitate instant cross-border payments between Portugal and Brazil

This collaboration marks Ripple's first foray into the Portuguese market, leveraging Ripple Payments to enable Unicâmbio's corporate clients to transfer funds quickly and efficiently between the two countries.

@ Newshounds News™