Iraq Economic News and Points to Ponder Wednesday Evening 2-19-25
Foreign Minister Reveals New Round Of Dialogue With America In Washington
2025/02/19 Reading: 825 times {Politics: Al Furat News} Foreign Minister Fuad Hussein confirmed that the relationship with the United States is managed within the framework of a strategic dialogue.
Hussein said in a televised statement, "Iraq is looking forward to a new round of dialogue this year in Washington.
The minister pointed out that the new American policy in the region requires constructive interaction, stressing the independence of the Iraqi decision
Foreign Minister Reveals New Round Of Dialogue With America In Washington
2025/02/19 Reading: 825 times {Politics: Al Furat News} Foreign Minister Fuad Hussein confirmed that the relationship with the United States is managed within the framework of a strategic dialogue.
Hussein said in a televised statement, "Iraq is looking forward to a new round of dialogue this year in Washington.
The minister pointed out that the new American policy in the region requires constructive interaction, stressing the independence of the Iraqi decision.
Regarding the Syrian file, Fuad Hussein said that this issue is not only local or national, but rather a regional and international issue with complex dimensions, noting that Iraq continues to hold talks with the Syrian side and the parties concerned in this regard.
Regarding the tension between Washington and Tehran, the Foreign Minister stressed that this tension directly affects Iraq, noting that Baghdad is in constant contact with the Iranian side and looks forward to holding talks with the American side, based on the Iraqi national interest.
Regarding the Palestinian issue, the minister stressed the existence of clear Arab positions on the issue of the displacement of Palestinians from Gaza, explaining that this issue has provoked strong reactions in Arab societies."
He explained that "the Iraqi society always supports the Palestinian cause, and there is an Iraqi national law that prohibits normalization and communication with the entity.
Hussein continued, "We will hold the Arab summit in Baghdad, and we invite all leaders to participate. I did not talk about any personal matter, but the invitation comes within the framework of the summit, and we invite everyone to Baghdad." LINK
Oil Prices Rise As US, Russia Cut Supplies
Wednesday 19 February 2025 | Economic Number of readings: 252 Baghdad / NINA / Oil prices rose during early Asian trading on Wednesday, amid disruptions to oil supplies in the United States and Russia, and as markets await clarity on peace talks in Ukraine.
Brent crude futures rose 20 cents, or 0.3 percent, to $76.04 a barrel at dawn today, rising for the third consecutive day, according to Reuters data.
US West Texas Intermediate crude futures for March rose 23 cents, or 0.3 percent, to $72.08 a barrel, up 1.7 percent from Friday's close after no settlement on Monday due to the US Presidents' Day holiday. The March contract expires on Thursday. The more widely traded April contract rose 0.3 percent to $72.04.
Russia said oil flows through the Caspian Sea pipeline, a major route for crude oil exports from Kazakhstan, plunged 30 to 40 percent on Tuesday after a Ukrainian drone attack on a pumping station.
Meanwhile, cold weather has threatened U.S. oil supplies, with the North Dakota Pipeline Authority estimating that production in the third-largest U.S. crude-producing state will drop by up to 150,000 barrels per day due to the cold. / End https://ninanews.com/Website/News/Details?key=1187510
Goldman Sachs: OPEC+ To Postpone Planned Oil Production Increase
Energy Economy News - Follow-up Goldman Sachs said on Wednesday that the OPEC+ alliance, which includes OPEC and non-OPEC producers led by Russia, will postpone its planned increase in oil production from April to July.
He added that a potential peace deal between Ukraine and Russia and the associated easing of sanctions on Russia are unlikely to lead to increased Russian oil flows.
Bloomberg News reported two days ago, citing sources, that the OPEC+ alliance is considering postponing a series of monthly supply increases scheduled to begin in April, despite calls from US President Donald Trump to lower prices.
The agency quoted one of the sources as saying that global oil markets are still too fragile to increase production now. https://economy-news.net/content.php?id=52888
Iraq Plans To Increase Oil Production To 7 Million Barrels Per Day
Energy Economy News – Baghdad The Ministry of Oil revealed, on Tuesday, plans to increase production capacity to reach (7) million barrels per day in the coming years.
The Undersecretary of the Ministry, Ali Maaraj, said in an interview with the official newspaper, which was followed by “Al-Eqtisad News”, that “the Ministry has plans to increase production capacity to (7) million barrels per day of oil within the next five years.”
He explained that "this level of production can be achieved through the fifth and sixth licensing rounds and their annex, and the contracts that were concluded, in addition to developing the Artawi, Ibn Omar and Tuba fields, and the national effort exerted to develop the remaining fields. https://economy-news.net/content.php?id=52864
Restructuring Iraqi Banks.. A Government Plan To Protect The Financial Sector
2025/02/19 Read: 2,145 times {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that the government and the monetary authority are working on a comprehensive reform of the national banking system, with the aim of enhancing its stability and protecting it from the repercussions of any stumbling block in integration with the global financial system.
Saleh explained to {Euphrates News} that “the reform efforts include restructuring private and government banks, noting that the American company Oliver Wyman is currently studying the conditions of private banks, while E&Y is evaluating government banks, to come up with a unified vision aimed at developing the banking sector and ensuring its effective integration into the international financial system.” LINK
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
This Is the Max Number of Bank Accounts You Should Have
Self-Made Millionaire: This Is the Max Number of Bank Accounts You Should Have
Gabrielle Olya Wed, February 19, 2025 GOBankingRates
In her book “Crush Your Money Goals,” financial coach and self-made millionaire Bernadette Joy writes that the first step toward achieving financial freedom is to “curate” your financial accounts. This means reviewing every financial account you have open — your bank accounts, credit cards, loans and properties in your name. Once you have a list of your accounts, it’s time to streamline them and consolidate them into 20.
“When it comes to achieving financial independence, the fewer accounts you have, the fewer opportunities for mistakes or precious money to fall through the cracks,” she wrote.
Self-Made Millionaire: This Is the Max Number of Bank Accounts You Should Have
Gabrielle Olya Wed, February 19, 2025 GOBankingRates
In her book “Crush Your Money Goals,” financial coach and self-made millionaire Bernadette Joy writes that the first step toward achieving financial freedom is to “curate” your financial accounts. This means reviewing every financial account you have open — your bank accounts, credit cards, loans and properties in your name. Once you have a list of your accounts, it’s time to streamline them and consolidate them into 20.
“When it comes to achieving financial independence, the fewer accounts you have, the fewer opportunities for mistakes or precious money to fall through the cracks,” she wrote.
Think of each of your financial accounts as a separate handbag,” Joy continued. “Having multiple checking, savings and investment accounts and credit cards is like carrying around an armful of handbags with just a little bit of money in each. It’s not efficient and it feels a little silly.”
While Joy recommends having 20 financial accounts total, your bank accounts should be a small fraction of that.
How Many Bank Accounts Should You Have?
According to Joy, you should have no more than three bank accounts — or four if you own a business.
TO READ MORE: https://www.yahoo.com/finance/news/self-made-millionaire-max-number-190026431.html
Wednesday Evening News With MarkZ 2-19-2025
Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening Mark, Mods and Family!
Member: Hello Mark, MODS, and all of my family in RV land. Follow the yellow brick road to The Golden Age of America.
Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening Mark, Mods and Family!
Member: Hello Mark, MODS, and all of my family in RV land. Follow the yellow brick road to The Golden Age of America.
Member: Whats new Mark…..any bond news?
MZ: I continue to get more historic bond updates , and the timing is being confirmed from nearly everyone of them…..looking at anytime in the next 12 days to be very busy on that front. Bond folks say their final appointments have been given. They have gotten all kinds of updates including some background on what has been going on.
MZ: I have not heard much from groups yet….I know a couple people involved in the upper levels of groups that recently traveled to be in place. They say they are working hard but won’t say on what.
MZ: We continue to hear this is an absolute priority for Trump. We hope that is accurate and we are off the “stuck” spot.
MZ: “Kurdistan Council of Ministers confirm its aspirations to resume the nation’s oil exports as soon as possible” This is big and they are talking of resuming them in the month of February. This may be one of the big keys we have been waiting for.
MZ: “Parliamentary finance: US sanctions will exasperate the dollar crisis. The government has no plan” Well, there is a government plan. They are telling us they are going to have to change the value if the US is going to continue de-dollarizing, then they are going to be forced to increase the value of the dinar.
MZ: “ The spread of the counterfeit Iraqi dinar raises the panic of citizens and merchants” Do not panic. They claim there has recently been an influx of counterfeit bills from Iran. The CBI says it is not widespread or large. But, this does pave the way for new bills with new security features (lower denominations) Great cover for the RV?
MZ: “Al Alaq-Inflation dropped by 3 %” Think safe and stable. Shabibi always said give me a safe and stabe Iraq and I will give you a new value for the dinar
Member: Thanks to all……hope everyone enjoys their evening….God Bless
Mod: JOIN US FOR W & W AT 8:00 PM EST. TONIGHT...
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ “Back To Basics” Pre-Recorded Call” for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
More News, Rumors and Opinions Wednesday PM 2-19-2025
KTFA:
Clare: Sistani’s office expects the beginning and end of Ramadan without completing the waiting period
2/19/2025
The office of the highest Shiite authority in Iraq, Ayatollah Ali al-Sistani, predicted today, Wednesday, the beginning of the month of Ramadan for the year 2025.
The office expected that the month of Ramadan would begin on Sunday, the second of March, and end on the 30th of the same month.
According to the calendar published by the office, the month of fasting will not be complete for 29 days.
KTFA:
Clare: Sistani’s office expects the beginning and end of Ramadan without completing the waiting period
2/19/2025
The office of the highest Shiite authority in Iraq, Ayatollah Ali al-Sistani, predicted today, Wednesday, the beginning of the month of Ramadan for the year 2025.
The office expected that the month of Ramadan would begin on Sunday, the second of March, and end on the 30th of the same month.
According to the calendar published by the office, the month of fasting will not be complete for 29 days. LINK
Clare: Kuwait decides to include Iraqis in electronic tourist entry visas
2/19/2025
The Iraqi Ambassador to Kuwait, Al-Manhal Al-Safi, announced his thanks to Kuwait for the decision to include Iraqi citizens in electronic tourist entry visas starting yesterday, Tuesday.
Al-Safi said in a statement to reporters on the sidelines of his attendance at the Japanese embassy’s celebration of the National Day: “This step comes as a culmination of the efforts made by the Iraqi embassy in the country in cooperation with the Kuwaiti authorities, and it also came against the backdrop of the success achieved during the Gulf Cup Football Championship {Gulf 26}, noting that this step aims to strengthen bilateral relations between the two brotherly countries.”
Regarding the mechanism for obtaining visas, Al-Safi explained that the same mechanism adopted by the Kuwaiti authorities for the entry of Iraqi tourists with a tourist visa has been adopted, adding, “It can be obtained by entering the Kuwaiti Ministry of Interior website {Kuwait Visa} and filling out all the requirements for the entry visa, including the availability of a hotel reservation, or an address within the State of Kuwait.”
He added, “The validity period of entry with a tourist visa will be one month by land or air.”
On the other hand, the Iraqi ambassador praised the results of the eighth meeting of the Technical Legal Committee, which was held last Sunday in Kuwait in a positive atmosphere, noting that the meeting was held according to the agreed upon mechanism to hold it periodically every two months in the capitals of the two brotherly countries, as the previous meeting was held in Baghdad.
He stressed that the meetings are ongoing and take their time, and that each meeting produces new horizons, noting that pushing these negotiations forward reflects the desire of the two brotherly countries to move forward in drawing the roadmap. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: “Britain: Iraqi government supports private sector, encourages international investment” Iraq is making headway and the Iraqi-British Council see what Iraq has to offer for international investment and the private sector! The World Bank is in agreement! The signs of Iraq opening to the International Financial System are everywhere Al-Sudani Prime Minister of Iraq turns! It is truly amazing to watch take shape! All investors in the Iraqi dinar should be smiling large! I know I am.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on television…he says the Iraqi dinar will regain its strength and the exchange rate will return to balance sooner or later. FRANK: This is the Finance Minister telling the Iraqi citizens, ‘Hey, the Iraqi dinar will regain its strength’. So you’re trying to tell us that 1310 is going to be soon removed… 1310 is an imbalanced rate. What is balanced? IMO anything at 1 to 1 and above… FIREFLY: He also said this decision depends on completing the methodology of the financial and banking reforms. FRANK: Consider this the final countdown.
“Wall Street Talk Of Gold Revaluation Is Drawing Attention”
Arcadia Economics: 2-19-2025
First Treasury Secretary Scott Bessent talks about ‘monetizing the assets on the US balance sheet for the people,’ and now Bloomberg is publishing articles about how a gold revaluation is drawing a lot of attention on Wall Street.
Which makes it an exciting time in the gold and silver markets.
And in today’s show we go through the Bloomberg article, some of the latest signs of tightness in the precious metals markets, and all of the latest news. So to find out more, click to watch the video now!
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, February 18th and you're listening to the big call. Welcome everybody, all over the globe, wherever we're getting the call out to, which is really kind of cool, I know, let's say on last Thursday's call, we had over 11 million people listening live, and we have a number of people that listen to the replay, and that tends to put us up in that 18 to 24 million in that range. But thank you for listening, if you're out there. We appreciate you, wherever you're located all over the globe. Thanks for tuning in. And let's have a great call tonight
All right, let's talk about the Intel where we are. Now here’s my disclaimer, I should do this on every call, but I don't really think to do it. But you realize by now I have information that nobody else has - I do bring it when it's applicable, when I can share it with you guys. We have contacts - and I've told you guys in the past some of who these contacts are, and some of them are remarkable. They know things, and sometimes they tell a thing that I just can't bring out on the big call.
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, February 18th and you're listening to the big call. Welcome everybody, all over the globe, wherever we're getting the call out to, which is really kind of cool, I know, let's say on last Thursday's call, we had over 11 million people listening live, and we have a number of people that listen to the replay, and that tends to put us up in that 18 to 24 million in that range. But thank you for listening, if you're out there. We appreciate you, wherever you're located all over the globe. Thanks for tuning in. And let's have a great call tonight
All right, let's talk about the Intel where we are. Now here’s my disclaimer, I should do this on every call, but I don't really think to do it. But you realize by now I have information that nobody else has - I do bring it when it's applicable, when I can share it with you guys. We have contacts - and I've told you guys in the past some of who these contacts are, and some of them are remarkable. They know things, and sometimes they tell a thing that I just can't bring out on the big call.
But what I can tell you is, when I get information and it's verified, let's say, four or five different sources that don’t know each other - It's something that I take very seriously. And I think, oh, man, this is it - This is happening - from this one, this one, this one, this one, and this one, and it's looking good, looking very good.
And so when I get enthusiastic and bringing out Intel. And just like last Thursday, I was just about calling it - I didn't even call it. I know it. I know and but it didn’t happened yet, and even the information that we got from, I'm going to say, Saturday, Sunday, Monday, was indicating that we had, and this is what one of the sources said, we got a 99.9% chance of being notified today, Tuesday, today. Well, guess what? The 1/10 of a percent wonwe did not get notified today.
I think we were also told by another source that Tuesday, Wednesday would be blockbuster days for us, and Tuesday was not a blockbuster day yet. I don't think it's going to be – Now. Could Wednesday, Thursday be our blockbuster days, I think so. I think so –
We didn't get the final little push I wanted with Intel right before the big call. So I might get it before I stop talking tonight, or I might get it after the call tonight, or we might even get it tomorrow. I could tell you this much, the redemption center leader we talk to occasionally – when we’re able, was expecting an email at 715 this morning, and he got the email, and it said, “pending “ – “Be prepared to go in at a moment's notice”, that was into redemption Center as a leader.
Now, as far as I know, there was one more email that he would receive that would be an assignment email that would tell him when to go in today, or whenever. My knowledge so far, we did not hear confirmation that that second email has come out. The first one was “pending” – “be prepared to go in at a moment's notice”, but that second email giving the assignment of when to go in did NOT occur, as far as we know today
Now – could it occur overnight could it occur in the morning. Could it occur at 715 in the morning and then he goes in at eight o'clock or whatever. I think that's quite possible.
What I did hear was last Saturday. We've got sources in Iraq that we talk to - we did hear, that last Saturday, we were told that Wednesday, which is tomorrow, we should have the new revalued dinar rate in published into the official record of Iraq which they call the Gazette.
Now that would be tomorrow, early morning, if that is still on. I think that looks good for us to get our notifications tomorrow. But Some sources say that Iraq publishing the rate in the gazette has nothing to do with us getting this when we get it. I I know that Iraq has been called the lynch pin for years in terms of the RV, in terms of the GCR and everything moving forward.
So I think they're still very important, very much a part of having this go shortly after their newly revalued dinar rate makes its way into the Gazette, but I still think it's important for us. So that's what we heard last Saturday. Remember, we haven't done a call since Thursday of last week.
So beyond that, we're also hearing that the hold up today, the fact we didn't get it today, might have something to do with Treasury getting out more USTN paper, new dollar, currency, United States Treasury notes into the banks, possibly the redemption centers, although I know banks and redemption centers got USTN currency in a year and a half ago and we know who delivered it
We know when they delivered it. We know roughly how much they delivered and it's was put in the vaults. And as far as I know, it's probably still in the vaults, but that new currency should be at the levels that they want us to have when we go in. And when will the USTN be brought out?
I think it will be brought out on whatever first day it is that we go in for exchanges, which could be as early as tomorrow. It could be Thursday, if we got notified tomorrow, which is Wednesday. What did Charlie Ward’s guy Roger, say to us? Roger said, it may not be Charlie Ward's Thursday, but it might be your Thursday, reflecting from Charlie and saying it would be our Thursday this Thursday.
Now, you know, I'm hoping that's correct. I'm hoping that's right. Maybe get notified in the morning, maybe tomorrow, when we set appointments for Thursday. I don't know at this point, it's not absolute - all I'm trying to do is give you what I'm hearing and weeding out things that don’t matter or are irrelevant to us.
Now I did hear, I did not see these two reports, but I understood that on NewsMax and on Fox, there were short reports about the R&R about restitution and reconciliation allowance. Restitution and reconciliation allowance coming soon, coming very soon, and I've heard that R and R is going to be there for us that are going in for our exchanges - When we go in, we would have, when we set up our quantum account, and we're doing our exchanges that they would have the R and R money to put into our account, into our quantum accounts.
Now, for people that aren't exchanging currency, that are of retirement age, which they're considering 60 years and older, you would receive your R and R funds restitution and reconciliation allowance. You would get the R and R money by direct deposit - If you're receiving Social Security -You would get in that bank account where you get your social - Now it's not the increase in social security - that's completely separate, but we're hearing that will still be for R, and R will still be this month.
It may come down to the last week of this month, at least right now, that's what we're hearing. And the same thing is true of the increase in Social Security.
We're hearing that increase is to occur the end of February. There's only 28 days, and today is the 10 more days to go. So I think it's interesting that a report on R&R made its way into Fox News and Newsmax today, I thought that was very interesting
I have heard that the maximum amount of R and R money, this would be for older individuals that paid a lot of money in taxes, already gotten married once or twice or three times. You know, there's a lot of variables right? Besides your birth certificate trading on that they trade on marriage licenses, traded on your divorce decree - spouse death, and she died or he died, that type of thing. There's money that comes from that in our own accounts. They've got it.
So I've heard the maximum, it's going to be in around $88 million but that money might come to somebody who's not even involved in the currencies at all. I don't think that’s where most of us will be. I think most of us might be, you know, half of that, or less than half of that, but it is something that helps to hydrate our population here, especially over population
Now - Remember, we had the idea of two age groups, 30 to 45 – 45- 60 and 60 and older would get as a lump sum, right? Lump sum payment if you're 60 and over. Now they've redone that. And I think everybody that's under retirement age, which I think they're called 61 retirement age, anybody less than that from age 30 to 61 will get the R&R, whatever that total amount is for them at that age that they started at, which is 30 or 40 or 50, or whatever age you know you are, when you start getting it, you'll get it monthly until the age of 61 - you'll get it monthly. The whole amount would be broken down into monthly payments
And if you’re younger than 60? I believe 61 you have to sign something that says that you will NOT quit your job - Or if you don't have a job, you get a job. Basically, they want us to be working and not to just get this and not work for a living. You know, it's going to be a nice little stipend, really every month - It sounds to me like
I don't know how to calculate it for younger people that are 30 to 40 to 50 years old, but it's going to be a major deal, and it sounds like it still could go this month, but why would they bring on the news R and R and the news on Newsmax and Fox today? I don't know, but I think it's interesting.
I think we're very close to getting all of this - our blessing. Hopefully it's still tomorrow or Thursday that we get it the next couple of days, and then RNR would be there for us when we open our quantum account at the redemption center - we would be able to get the additional amount of the R and R.
So I think that's what I wanted to cover tonight. So guys, I wish I could do absolute on this. You know, I'd love to absolutely have it, have an 800 number to put out and call it a celebration call. That's what I was hoping today would be. But you know what might be Thursday that we have that celebration call?
It could be Thursday. I'm going to say what we need to do is stay enthusiastic for it. Have passion, be compassionate about the fact that we are that close and the fact that everything that President Trump doing and that Elon Musk is doing with Doge is for our benefit, he's finding waste, fraud and abuse in all government entities, all organizations,
I'm thinking, if there's anything else that was relevant to us and to our start. Like I said, guys, I wish I had that last minute Intel push that would tell us give us more secure feelings about the next two days, but because we had a 99.9% chance of being notified today Tuesday, and we didn't get it today.
It sort of makes it look real strong for the next two days, Wednesday and Thursday. I'm hoping that, hey, I know you all are, remember, I'm just a messenger, and I'm doing the best I can to bring most relevant information that I receive. And sometimes we get a lot, sometimes don't get much of anything, and we just do the best we can to piece it together for you.
And so I'm excited. And you know what? Maybe we get notified and we start exchange Thursdays. We'll have a celebration called Thursday night. So let's just stay tuned and see what comes in, and hopefully we get notified. We can set appointments right away. All right, so let's do this. Let's pray the call out come off the recording regarding
So let's keep an eye out. Let's see what happens tomorrow, and we'll talk to you Thursday, hopefully with celebration call. All right, everybody, let's turn off the recording.
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25 REPLAY LINK Intel Begins 1:00:00
Bruce’s Big Call Dinar Intel Thursday Night 2-13-25 REPLAY LINK Intel begins 1:19:20
Bruce’s Big Call Dinar Intel Tuesday Night 2-11-25 REPLAY LINK Intel Begins 1:07:37
Bruce’s Big Call Dinar Intel Thursday Night 2-6-25 REPLAY LINK Intel begins 1:19:4O
Bruce’s Big Call Dinar Intel Tuesday Night 2-4-25 REPLAY LINK Intel Begins 44:24
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-19-25
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
The fund operates on the Stellar XLM network and is available to institutional investors in eight European countries, including Austria, France, Germany and Italy, following regulatory approval in October. Notably, the U.S. version of the fund, launched in 2021, has gained over $580 million in assets but is only available to U.S. investors, according to rwa.xyz data.
European Investors Gain Access to Efficient Investment Option
This launch gives institutional investors in eight European countries access to a more efficient and transparent investment option. By using blockchain, it modernizes transactions and emphasizes the growing role of tokenization in finance. As real-world asset tokenization rises, it’s clear that traditional finance and crypto are merging.
Tokenized U.S. Treasuries are leading the charge in real-world asset tokenization, growing into a $4 billion market this year. Franklin Templeton was the first major financial institution to launch such a product, making it the third-largest tokenized treasury fund by assets, Hashnote’s USYC and BUIDL, issued by BlackRock and Securitize.
Franklin Templeton Expands Tokenized Treasury Fund to Solana
Recently, Franklin Templeton announced expanding its tokenized treasury fund to Solana. This move followed the registration of the Franklin Solana Trust in Delaware previously. The fund also known as Franklin OnChain U.S. Government Money Fund (FOBXX) was made accessible on eight blockchains, adding Solana to its previous networks, which included Stellar, Aptos, Avalanche, Arbitrum, Polygon, Base, and Ethereum.
@ Newshounds News™
Source: Coinpedia
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BRICS: RUSSIA EXPLORES MAJOR PARTNERSHIP WITH THE U.S
BRICS member Russia is exploring major partnerships with the U.S. to help its economy stay afloat. The Biden administration pressed sanctions on Russia in February 2022 for invading and waging war against its neighboring country Ukraine.
The White House sent billions to Zelensky through funds, warplanes, and military equipment. Despite receiving billions, Zelensky repeatedly demanded more and gained funds from the U.S. and the European Union (EU).
Russia is now eyeing deals with the Trump administration to save its economy from collapsing. The U.S. and BRICS member Russia discussed possible cooperation on energy projects in the Arctic during a meeting in Saudi Arabia.
Kirill Dmitriev, the head of the state-owned Russian Direct Investment Fund (RDIF) confirmed that both sides negotiated some “specific areas of cooperation” and also discussed other economic policies in broad strokes.
BRICS: Russia & U.S. Look at Energy Projects in the Arctic Region
Dmitriev revealed that BRICS member Russia and the U.S. may initiate joint energy projects in the Arctic region. “It was more a general discussion — maybe joint projects in the Arctic. We specifically discussed the Arctic,” Dmitriev said. The discussions are yet to turn into official policy as both sides are weighing their options.
If the deal goes through with the U.S., BRICS member Russia could get an economic boost that could bolster its GDP. Russia’s economy has been stagnant and Putin was finding alternative options to settle trade. Trump made it clear that he wants the U.S. to dominate the oil and gas sector leaving no room for others.
Dmitriev said that BRICS member Russia is confident that a new energy deal with the U.S. could go through. Russia is “Positive after the Biden administration destroyed all of the communication, and destroyed all of the discussion,” he said. A new chapter in the energy sector could open up if the U.S. and Russia’s Arctic oil deal goes through.
@ Newshounds News™
Source: Watcher Guru
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@ Newshounds News™
Source: CoinTelegraph on Telegram
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@ Newshounds News™
Source: BricsNews on Telegram
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Is The US Govt Scrambling To Buy Gold? | Michael Pento
Is The US Govt Scrambling To Buy Gold? | Michael Pento
Liberty and Finance: 2-18-2025
In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there.
He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit.
The price of gold has been defying expectations. Despite headwinds from high interest rates and a strong dollar – factors that typically depress the price of the precious metal – it continues its upward march. Is inflation the only driver? According to market expert Michael Pento, the answer might be more complex, and even a little unsettling.
Is The US Govt Scrambling To Buy Gold? | Michael Pento
Liberty and Finance: 2-18-2025
In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there.
He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit.
The price of gold has been defying expectations. Despite headwinds from high interest rates and a strong dollar – factors that typically depress the price of the precious metal – it continues its upward march. Is inflation the only driver? According to market expert Michael Pento, the answer might be more complex, and even a little unsettling.
In a recent interview on Liberty and Finance, Pento floated a provocative theory: the U.S. gold reserves, officially reported by the Treasury at 261 million ounces, may not be what they seem. He suggests that the government could be secretly scrambling to acquire gold, not necessarily for standard economic purposes, but potentially to replenish reserves that have been loaned out or, more dramatically, never existed in the first place.
Pento’s speculation centers around the possibility of an impending audit of the U.S. gold reserves. While the government routinely claims to hold a vast quantity of gold, independent verification is rare. His theory posits that if a rigorous audit were to be undertaken, the U.S. might find itself in a precarious position, forced to scramble for gold to cover a shortfall.
This isn’t just about questioning the numbers; it’s about the implications for the global economy. If Pento’s theory holds water, it could point to a deeper instability within the U.S. financial system than is currently acknowledged. A lack of transparency surrounding gold reserves erodes trust in the government’s financial management and could have far-reaching consequences.
The interview underscores the importance of keeping a close eye on gold and other real assets as barometers of economic health. In an era of unprecedented economic uncertainty, these tangible investments can offer a clearer picture of the underlying realities than traditional financial indicators.
Whether Pento’s theory proves accurate remains to be seen. However, his perspective provides a compelling reason to question the official narrative and demand greater transparency regarding the nation’s gold reserves.
As the price of gold continues to defy conventional wisdom, his words serve as a powerful reminder that the truth is often hidden beneath the surface. The continued rise in gold prices, despite unfavorable market conditions, demands closer scrutiny and could be signaling a silent, strategic maneuver by the powers that be. The message is clear: watch gold, and watch it closely.
Coffee with MarkZ and Andy Schectman. 02/19/2025
Coffee with MarkZ and Andy Schectman. 02/19/2025
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...all wonderful mods and friends
Member; What is the good word today Mark?
Coffee with MarkZ and Andy Schectman. 02/19/2025
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...all wonderful mods and friends
Member; What is the good word today Mark?
Member: What happened to the bond people that got paid. I thought bonds were supposed to kick everything off?
MZ: the bond folks who got money are the facilitators…not the bond holders. When the bond holders get their money …we are very close.
Member: I believe facilitators are like group leaders and paymasters….not the bond holders
MZ: On the positive side….things just lit up. A number of bond holders have told me they expect to get their payments late this week into early next week. This has come from many sources on 3 different continents. Since it came from so many sources I believe it’s safe to say that bond holders will soon have cash. It is my understanding the bond holders should get full payments.
MZ With the vast number of bond contacts that have checked in…I imagine groups will start checking in at any moment. Hopefully this will help us narrow down the timing.
Member: Hey Mark if you said bonds have nothing to do with the revalue, why do you get so excited about it if they’re not related?
Member: Because the historic bonds are supposed to pay out before the currencies…..So if they go….we are next
MZ: They have to close out the old books so they can start the new books. Closing out the historic bonds closes out the old books. Bond facilitators told me they pay the commissions out first in fiat money….then the bonds themselves will be paid in asset backed….then you and I all go to the bank.
Member: Elon is doing a final audit to close down the old system ...then hopefully the new QFS system can take over with the new system
Member: How could bond commissions be paid ? if people with bonds have not been paid , in my experience we don’t recieve commission until the Job is done !
MZ: once again I will say fees were designed to be paid out in fiat.
Member: Can bond holders buy more currency after they get paid?
MZ: They are not allowed to double dip. That is what I was told.
Member: isn't our fiat bank accounts mirrored on the qfs? if so it doesn't matter if they are paid in fiat
MZ: I am told they mirror at the exact moment they flip the switch.
Member: If Knox is empty or depleted- where is the gold for new currency?
Member: looks like lots of gold bars being delivered from England to the US. Maybe restocking before the audit?
Member: Bank of England Defaults on Technical Gold Deliveries — Paper Gold ExposedThe Bank of England has defaulted on its technical gold deliveries, revealing that its gold reserves existed only on paper.
Member: The whereabouts of the gold remain unknown. Instead of using the term "default," British media have adopted the euphemism "shortfall." Business as usual.
Member: The Bank of England issued a statement saying it could deliver gold to clients only within 4-8 weeks, which is illegal under the law requiring delivery within 14 days.
Member: SEC meeting tomorrow at 1:00 rumor is all law suits will be closed! Ripple will be integrated into the sovereign wealth fund as the mechanism for cross border payments… XRP will move millions. GOLD!
MZ: “ Will XRP price hit $100 after US President Donald Trump’s Ripple endorsement?” Trump is embracing crypto’s role in our economy. Buckle up and keep watching. Many crypto gurus are calling for a massive increase in value on XRP in the next couple of months.
Member: Breaking: The head of the US Postal Service, Louis DeJoy to step down !!!!
MZ: In Iraq: “Restoring confidence in Iraqi banks-out of the box solutions to save the economy” There is an underlining theme to articles out of Iraq. Restructuring banks and the government wants to protect the financial sector…conversations today are how many people had lost faith in the banks.
Member: Sounds like a worldwide problem.
MZ: one of the things they are discussing is they need to change values……and people lost faith when they “devalued” the currency….as opposed to more people using the banks when they “increase” the value of the currency.
Member: Thanks Mark, Mods and Andy……..we appreciate you all.
Member: Praying everyone is safe, warm, and dry today !!
Andy Schectman from Miles Franklin 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!
News, Rumors and Opinions Wednesday 2-19-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 19 Feb. 2025
Compiled Wed. 19 Feb. 2025 12:01 am EST by Judy Byington
Tues. 18 Feb. 2025: BOOM! FORT KNOX GOLD SCANDAL ERUPTS: TRUMP & ELON MUSK DEMAND AUDIT – DEEPSTATE PANICS!
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 19 Feb. 2025
Compiled Wed. 19 Feb. 2025 12:01 am EST by Judy Byington
Tues. 18 Feb. 2025: BOOM! FORT KNOX GOLD SCANDAL ERUPTS: TRUMP & ELON MUSK DEMAND AUDIT – DEEPSTATE PANICS!
$425 BILLION VANISHED? The U.S. government LIED for 50 YEARS, claiming 5,000 TONS of gold at Fort Knox, but NO ONE has seen it since 1974! Trump & Elon Musk are launching a HISTORIC AUDIT—if the gold is GONE, the U.S. dollar COLLAPSES, the economy IMPLODES, and the Deepstate is FINISHED!
TRUMP & MUSK TO AUDIT FORT KNOX – AMERICA’S BIGGEST FINANCIAL COVER-UP ENDS: For 50 years, the American people have been DECEIVED. The government claims nearly 5,000 tons of gold—worth $425 billion—are secured at Fort Knox. Yet, no one has verified it since 1974. No audit. No proof.
But the cover-up ENDS NOW. With Trump back and Musk leading the charge, a full-scale audit is imminent. If the gold is MISSING, decades of corruption will be exposed. The Deepstate’s secrets will be laid bare.
MUSK DEMANDS TRANSPARENCY – THE AUDIT BEGINS: Elon Musk, a disruptor of Big Tech and Wall Street, is now taking on the ULTIMATE FRAUD. He demands a LIVE, independent audit of every ounce. If the gold is there, PROVE IT. If it’s GONE, EXPOSE the THIEVES.
TRUMP LEADS THE CHARGE – DEEP STATE FEARS THE TRUTH: Trump has RETURNED to the White House, and he won’t back down. Unlike past leaders, he refuses to be controlled by the Federal Reserve’s DECEIT. An audit is coming, and if the gold is missing, those responsible will FACE JUSTICE.
WHAT IF THE GOLD IS GONE?
– The U.S. DOLLAR COLLAPSES.
– Wall Street IMPLODES.
– Inflation SKYROCKETS.
– The Federal Reserve is EXPOSED as a FRAUD.
– GOLD prices EXPLODE.
FOR 50 YEARS, THE DEEPSTATE HID THE TRUTH – NOW IT’S GAME OVER! If Fort Knox is EMPTY, America demands JUSTICE. The criminals behind the greatest financial LIE in history must FALL.
NO MORE SECRETS – SHOW THE GOLD OR FACE THE CONSEQUENCES!
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UNDER NESARA LAW:
The IRS and Income Tax will be abolished. There will be a 14% flat rate sales tax, applied only to new, non-essential items. Food and medicine will be tax-free as will the sale of all used items including homes.
Benefits to senior citizens will increase.
The U.S. Treasury will roll out a ‘rainbow currency,’ backed by gold, silver and platinum precious metals. This move will end the U.S. bankruptcy initiated by Franklin Roosevelt in 1933, replacing it with a solid, tangible financial foundation.
A new U.S. Treasury Bank System will be in force designed to align with Constitutional Law. The current Federal Reserve System will be phased out over a year-long transition period, eventually rendering it obsolete.
Financial privacy will be restored.
Enormous sums of money will be released for humanitarian purposes.
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Tues. 18 Feb. 2025 Bruce:
A Redemption Center Leader told Bruce he received an email this morning that said “be prepared to go into the Redemption Center at a moment’s notice.”
An Iraqi contact said that Iraq was told they were to have the official new Dinar Rate in the Gazette tomorrow Wed. 19 Feb.
Another contact said we would have appointments by Thurs. 20 Feb.
Read full post here: https://dinarchronicles.com/2025/02/19/restored-republic-via-a-gcr-update-as-of-february-19-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I got a stronger feeling every day that I wake up, that a lot of the decisions of this reform are now being done by a far better leader.
Mnt Goat Article: “THE PRESIDENT OF THE REPUBLIC APPROVES THE AMENDMENT TO THE BUDGET LAW” Thiswas the main issues from the Kurdistan region in the monthly salary payments they were receiving for their share of the oil revenues...They wanted more in the budget and so now they have it...I want everyone to know that the passing of this bill is NOT the Oil and Gas Law and is NOT going to trigger the RV.
Gold Price Is Skyrocketing!! Is It Too Late To Buy Now?
George Garmon: 2-19-2025
ON A MASSIVE SCALE. CENTRAL BANKS ARE ABOUT TO ENTER A NEW PHASE OF WORLD DEBT EXPANSION.
Greg Mannarino: 2-19-2025
10 Sneaky or Unrecognizable Signs That Someone Is Wealthy
10 Sneaky or Unrecognizable Signs That Someone Is Wealthy
November 30, 2024 Caitlyn Moorhead
You may think you can spot signs of someone’s wealth at a glance. Surely you just look for designer clothing and purses, yachts, fancy cars, gigantic mansions or diamonds dripping from fingers, right? Not necessarily.
There are many signs of wealth you wouldn’t notice from such a lofty perch. Real money isn’t always obvious, and large amounts of it don’t always drive up in luxury cars. If you’re wondering who is living life in the wealthiest ways possible, here are 10 sneaky signs to look for to determine if someone is wealthy.
10 Sneaky or Unrecognizable Signs That Someone Is Wealthy
November 30, 2024 Caitlyn Moorhead
You may think you can spot signs of someone’s wealth at a glance. Surely you just look for designer clothing and purses, yachts, fancy cars, gigantic mansions or diamonds dripping from fingers, right? Not necessarily.
There are many signs of wealth you wouldn’t notice from such a lofty perch. Real money isn’t always obvious, and large amounts of it don’t always drive up in luxury cars. If you’re wondering who is living life in the wealthiest ways possible, here are 10 sneaky signs to look for to determine if someone is wealthy.
They Can Afford the Price of Peace of Mind
Real wealth isn’t just about having a fat bank account; it’s about feeling secure and stress-free where finances are concerned. It turns out that money may not buy happiness — but it certainly does buy peace of mind.
It’s less about having more, and more about feeling financially stable. Wealth can bring a certain kind of mental and emotional freedom that others don’t have, and that’s not something you can see necessarily by just looking at a person.
They Can Afford To Be Generous
Many affluent individuals are deeply involved in philanthropy, because it’s not a great look to not share your millions. Hopefully, though, these generous donations to charities are mostly for the betterment of mankind and not just the tax write-off.
However, this also might not be something wealthy people talk about — they may just do it quietly.
They Value Experiences Over Things
The wealthy often prioritize experiences over material possessions because they already own everything money can buy. If you buy an expensive pair of shoes or go on an expensive trip, which are you more likely to remember in five years?
Wealthy people have the luxury of being able to travel more and experience unique opportunities, which can be a sign of a higher income than your average person.
They Use Private Banking Services
Among the less obvious signs of wealth is access to private banking products and services. This level of financial planning often requires specifically curated bank accounts, tax-advantaged investment strategies and other high-end financial services.
Private banking doesn’t necessarily come cheap, so if you know someone who uses this type of service, chances are they are well off.
TO READ MORE: https://www.gobankingrates.com/money/wealth/unrecognizable-signs-of-wealth/?hyperlink_type=manual
Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-19-25
Good Morning Dinar Recaps,
GOLDMAN SACHS RAISES 2025 GOLD PRICE FORECAST TO $3,100 AMID CENTRAL BANK DEMAND
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.
Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.
Good Morning Dinar Recaps,
GOLDMAN SACHS RAISES 2025 GOLD PRICE FORECAST TO $3,100 AMID CENTRAL BANK DEMAND
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.
Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.
The bank reiterated its "Go for Gold" trading strategy, emphasizing gold as a hedge against trade tensions, Fed risks, and recession threats. Inflation fears and U.S. debt sustainability could also drive central banks, especially those holding significant U.S. Treasury reserves, to increase gold acquisitions. Goldman expects these factors to sustain strong gold demand, bolstering its bullish outlook.
@ Newshounds News™
Source: Economic Times
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NIGERIA MOVES TO TAX CRYPTO TRANSACTIONS AS PART OF ECONOMIC RECOVERY PLAN
Nigeria’s government is advancing plans to incorporate cryptocurrency transactions into its tax framework, with lawmakers reviewing legislation expected to pass in early 2025.
▪️The Nigerian SEC aims to increase licensed exchanges to enhance oversight while taking enforcement actions against unregulated platforms.
▪️Major exchanges including OKX, Binance and KuCoin have faced regulatory challenges, with some suspending services in the Nigerian market.
▪️Recent regulatory updates include a 7.5% VAT on digital assets and stricter marketing rules to protect investors from potential scams.
The Nigerian government is set to revise its cryptocurrency regulations to include digital asset transactions under its tax framework.
The decision comes as part of efforts to generate revenue and stabilize the economy following fuel subsidy removals under President Bola Tinubu’s administration, according to a Bloomberg report.
Nigerian Lawmakers Push for Crypto Taxation
To address economic challenges and ease financial strain on citizens, Nigerian lawmakers are considering imposing taxes on digital asset transactions carried out on regulated exchanges. While banks remain prohibited from facilitating crypto transactions, the government believes that taxing crypto activities could provide an essential revenue stream.
According to Bloomberg, lawmakers are currently reviewing a proposed bill that includes crypto taxation alongside other tax reforms. If approved, the law is expected to pass within the first quarter of 2025.
The latest development follows the country’s previous tax measures on digital assets. In July 2024, Nigeria imposed a 7.5% value-added tax (VAT) on digital asset transactions, prompting compliance from exchanges such as KuCoin, which adjusted its transaction fees accordingly.
SEC Seeks to Expand Licensed Crypto Exchanges
In addition to taxation, the Nigerian Securities and Exchange Commission (SEC) is working on increasing the number of licensed crypto exchanges in the country.
According to Bloomberg, the SEC aims to issue regulatory licenses to crypto firms to enhance oversight, ensure compliance, and facilitate taxable transactions. The regulatory body believes that a structured environment will boost investor confidence and create a more transparent crypto ecosystem.
The SEC granted its first official crypto exchange license to Quidax in August 2024, marking a significant step towards regulatory clarity. Shortly after, the agency began planning enforcement actions against unregulated exchanges in September.
Regulatory Crackdown on Unregistered Crypto Firms
Nigeria’s tightening crypto regulations have already impacted several major players in the industry. In May 2024, OKX suspended Naira withdrawals due to regulatory concerns, which eventually led to the company leaving the market.
Other exchanges like Binance also faced scrutiny from the Nigerian government. Authorities in the African country accused the exchange of manipulating the local currency, through its peer-to-peer (P2P) services. The company also faced other allegations such as money laundering, and facilitating tax evasion.
As a result of these allegations, Binance were forced to halt P2P services for Nigerian users. Shortly after, KuCoin also followed suit, removing the Nigerian naira from its platform.
Further escalating its crackdown, Nigeria’s Economic and Financial Crimes Commission (EFCC) demanded Binance provide user data for individuals who traded on its platform.
Additionally, in December 2024, the Nigerian SEC updated its crypto marketing regulations to curb the influence of social media promoters advertising unregulated crypto products. The move was intended to protect investors from potential scams and misinformation.
@ Newshounds News™
Source: Coinspeaker
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