Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

Ask 9 Questions To Choose the Right Financial Advisors

Rachel Cruze: Ask 9 Questions To Choose the Right Financial Advisors

Ashley Donohoe  Sun, February 23, 2025  GOBankingRates

Whether you’re selling a house, choosing tax strategies or making a retirement portfolio, handling complex financial situations on your own can lead to costly mistakes, missed opportunities and possibly legal issues. Money expert Rachel Cruze advises partnering with various types of financial advisors who have the knowledge to help you make better decisions and ensure you’re building wealth properly.

However, you should be prepared to put some time into finding trusted people who will focus on what’s best for your situation rather than just their profits from commissions or fees

Rachel Cruze: Ask 9 Questions To Choose the Right Financial Advisors

Ashley Donohoe  Sun, February 23, 2025  GOBankingRates

Whether you’re selling a house, choosing tax strategies or making a retirement portfolio, handling complex financial situations on your own can lead to costly mistakes, missed opportunities and possibly legal issues. Money expert Rachel Cruze advises partnering with various types of financial advisors who have the knowledge to help you make better decisions and ensure you’re building wealth properly.

However, you should be prepared to put some time into finding trusted people who will focus on what’s best for your situation rather than just their profits from commissions or fees.

In a recent YouTube video, Cruze highlighted nine questions to ask when attempting to choose the right financial advisors — three each for tax and investing professionals.

Real Estate Agents

1. How Many Homes Did You Sell Last Year?

Asking an agent this question might help you avoid having your home on the market for too long. It will give you an idea of the agent’s selling skills and experience to compare with other potential agents.

The Consumer Financial Protection Bureau also suggested asking related questions about the types of properties the person has sold and their neighborhoods.

2. What’s Your Schedule and Availability Like?

Cruze discussed how the schedule of  agents can widely vary and impact your experience. For example, a full-time agent might be more dedicated to helping you any day of the week versus someone who occasionally sells houses as a side job. Make sure the potential agent has the time to meet with you when you’re available and will be committed.

3. How Much Commission Do You Get?

TO READ MORE:  https://www.yahoo.com/finance/news/rachel-cruze-ask-9-questions-120106343.html

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

“Tidbits From TNT” Sunday Morning 2-23-2025

TNT:

Tishwash:  Opportunity or Risk? Parliamentary Oil Committee Explains the Impact of Rising Oil Prices on the Iraqi Economy

Zainab Al-Moussawi, a member of the Parliamentary Oil Committee, confirmed today, Saturday, that the rise in oil prices represents a great opportunity for Iraq to achieve financial stability, but at the same time it poses economic challenges if it is not managed wisely.

Al-Moussawi told Al-Furat News Agency that “the increase in oil prices leads to an increase in public revenues, which prompts the government to increase spending on salaries, services, infrastructure, and investment projects, which may enhance economic growth. However, she warned that this increase in spending may also lead to inflation if it is not well controlled.” 

TNT:

Tishwash:  Opportunity or Risk? Parliamentary Oil Committee Explains the Impact of Rising Oil Prices on the Iraqi Economy

Zainab Al-Moussawi, a member of the Parliamentary Oil Committee, confirmed today, Saturday, that the rise in oil prices represents a great opportunity for Iraq to achieve financial stability, but at the same time it poses economic challenges if it is not managed wisely.

Al-Moussawi told Al-Furat News Agency that “the increase in oil prices leads to an increase in public revenues, which prompts the government to increase spending on salaries, services, infrastructure, and investment projects, which may enhance economic growth. However, she warned that this increase in spending may also lead to inflation if it is not well controlled.” 

She added, "The increase in oil revenues reduces the need to impose taxes or implement economic reforms that may be unpopular, which reduces pressure on the government to diversify sources of income." 

She stressed that "making the most of this opportunity requires wise financial policies that focus on diversifying the economy, enhancing investments, and reducing dependence on oil as the sole source of revenue."  link

Tishwash:  Deputy Speaker of Parliament: New US decisions may be issued regarding Iraq

Shakhwan Abdullah, deputy speaker of the Iraqi parliament, said on Saturday that the administration of US President Donald Trump may make new political and economic decisions regarding Iraq.

This came during his speech at a scientific conference on the present and future of Kirkuk, which was held at Soran University in the Kurdistan Region of Iraq.

In his speech, Abdullah explained that Kirkuk has always been the focus of conflict between the great powers due to its wealth of intellectual, mineral and natural resources. He added that its geographical location has made it face policies of Arabization and demographic change over the decades.

He stressed the need for all parties to work to restore rights to their owners in Kirkuk, with the aim of addressing the effects of previous policies that affected the city's demographics.

Abdullah confirmed that the Iraqi parliament has reactivated the Article 140 Committee, in a move aimed at abolishing the legacy of the Baath regime and addressing the changes that have occurred in the demographic composition of the areas covered by this article.

He also referred to his recent visit to the United States of America, where he returned to Iraq this morning. He explained that during the visit, he discussed the issue of Kirkuk and the disputed areas with the US Assistant Secretary of State and the head of the religious authority in the United States, noting that the American side views these areas with great importance.

The Deputy Speaker of the House of Representatives concluded his speech by pointing out that the new US administration may issue several political and economic decisions concerning Iraq and the United States, which has been discussed on several occasions with the federal government.  link

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

Tishwash:  Swiss Ambassador: Iraq is an important regional player and we seek to be an active element in local investments

The Swiss government appreciated the efforts of Prime Minister Mohammed Shia al-Sudani in developing bilateral relations and supporting investment.

The Swiss Ambassador to Iraq, Daniel Hohn, said during his participation in a dialogue session on the second day of the Baghdad International Dialogue Conference, today, Sunday, in Baghdad, that "there are great efforts made by Prime Minister Mohammed Shia al-Sudani to restore relations between Geneva and Baghdad, and there are also common interests between the two countries, and there are important investment opportunities in Iraq that we seek to work on and enter the Iraqi market."

He added, "We have an Iraqi community that wants to return to Iraq to regain its interests, and we also have interests with Iraq that we are working to support and sustain," indicating that "the Swiss government realizes that Iraq is an important regional player in the region and has many investments, so we seek for Swiss companies to be a contributing and effective factor in achieving these investments."  link

Mot: .... Beeeeen - one of those mornings!!!

Mot: Thought fer the Daze 

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MilitiaMan & Crew-Iraq Dinar News-Pressure Resume Oil Flow-Global-Radical Reform-Salaries-Value Natural Resources

MilitiaMan & Crew-Iraq Dinar News-Pressure Resume Oil Flow-Global-Radical Reform-Salaries-Value Natural Resources

1-22-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

MilitiaMan & Crew-Iraq Dinar News-Pressure Resume Oil Flow-Global-Radical Reform-Salaries-Value Natural Resources

1-22-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=6EKH4J2Msf0

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

DOGE to Expose Real Gold Price - LFTV Ep 211

DOGE to Expose Real Gold Price - LFTV Ep 211

Kinesis money:  2-21-2025

In this week’s Live from the Vault, Andrew Maguire discusses how DOGE could help expose the true state of US Treasury gold reserves, with a potential price reset prompting an overdue audit revealing multiple ownership claims and mismanagement.

 As physical demand rises and central banks rush to cover bullion leases, the balance of gold pricing power is shifting from West to East, with Asian buyers absorbing supply while Western institutions lose their grip on the market.

DOGE to Expose Real Gold Price - LFTV Ep 211

Kinesis money:  2-21-2025

In this week’s Live from the Vault, Andrew Maguire discusses how DOGE could help expose the true state of US Treasury gold reserves, with a potential price reset prompting an overdue audit revealing multiple ownership claims and mismanagement.

 As physical demand rises and central banks rush to cover bullion leases, the balance of gold pricing power is shifting from West to East, with Asian buyers absorbing supply while Western institutions lose their grip on the market.

Maguire argues that Musk’s penchant for efficiency and cost-cutting, coupled with the inherent opaqueness surrounding US gold reserves, could lead to a long overdue and potentially explosive audit.

This audit, Maguire suggests, might reveal a complex web of multiple ownership claims and significant mismanagement within the US Treasury, ultimately impacting the global gold price.

The core issue lies in the lack of transparency surrounding US gold holdings. For years, speculation has persisted regarding the actual amount of physical gold underpinning official figures. A thorough, transparent audit – something that Musk’s DOGE could potentially trigger – would challenge the status quo.

Imagine the potential consequences if such an audit revealed that the reported gold reserves are overstated, heavily leased, or subject to multiple claims from various entities. This revelation could trigger a significant price reset, forcing a market reckoning with potentially dramatic implications for global finance.

But the potential exposure of the US Treasury’s gold situation isn’t the only factor at play. Maguire highlights a critical shift in the balance of power within the gold market. For decades, Western institutions have largely dictated gold pricing. However, a rising tide of physical demand, particularly from Asia, is starting to change the game.

Central banks, recognizing the inherent value and security of gold, are scrambling to cover bullion leases, further tightening the market. Simultaneously, Asian buyers, including China and India, are aggressively absorbing available gold supply. This escalating demand from the East is placing immense pressure on Western institutions, who are struggling to maintain their grip on price control.

While Western entities may be losing their influence, the demand from the East isn’t just about investment; it’s about securing a tangible asset in an increasingly uncertain global landscape. This growing appetite from Asia positions them as the new custodians of the gold market, driving value and influencing price discovery.

The confluence of these two factors – the potential for a US gold audit prompted by Musk’s DOGE and the burgeoning demand from the East – presents a compelling scenario for a potentially explosive shift in the gold market.

 If Maguire’s predictions hold true, we could be on the cusp of a significant price realignment, driven by a newfound transparency and a changing landscape of power.

https://www.youtube.com/watch?v=UoEe4qn1a-E

                                   

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Iraq Economic News and Points to Ponder Saturday Afternoon 2-22-25

UN: Iraq Is Going Through A Critical Phase And Al-Sudani Has A Clear Vision For Reform

The Special Representative of the Secretary-General of the United Nations, Mohammed Al-Hassan, stressed that Iraq and the Middle East region are going through a critical phase that requires unified efforts to ensure security and stability.

Al-Hassan said, during his speech at the seventh edition of the Baghdad International Dialogue Conference, that Iraq, with its long history, needs a constructive dialogue based on the country's interest, stressing the importance of cooperation to face challenges.

UN: Iraq Is Going Through A Critical Phase And Al-Sudani Has A Clear Vision For Reform

The Special Representative of the Secretary-General of the United Nations, Mohammed Al-Hassan, stressed that Iraq and the Middle East region are going through a critical phase that requires unified efforts to ensure security and stability.

Al-Hassan said, during his speech at the seventh edition of the Baghdad International Dialogue Conference, that Iraq, with its long history, needs a constructive dialogue based on the country's interest, stressing the importance of cooperation to face challenges.

He pointed out that Prime Minister Mohammed Shia Al-Sudani has a clear vision for developing services and enhancing security and stability, stressing that the United Nations will continue to support Iraq in its efforts to achieve development and enhance stability.https://www.radionawa.com/all-detail.aspx?jimare=41240


Opportunity Or Risk? Parliamentary Oil Committee Explains The Impact Of Rising Oil Prices On The Iraqi Economy

Time: 2025/02/22 12:13:01 Read: 1,410 times   {Economic: Al Furat News} Zainab Al-Moussawi, a member of the Parliamentary Oil Committee, confirmed today, Saturday, that the rise in oil prices represents a great opportunity for Iraq to achieve financial stability, but at the same time it poses economic challenges if it is not managed wisely.

Al-Moussawi told Al-Furat News Agency that “the increase in oil prices leads to an increase in public revenues, which prompts the government to increase spending on salaries, services, infrastructure, and investment projects, which may enhance economic growth. However, she warned that this increase in spending may also lead to inflation if it is not well controlled.”

She added, "The increase in oil revenues reduces the need to impose taxes or implement economic reforms that may be unpopular, which reduces pressure on the government to diversify sources of income."

She stressed that "making the most of this opportunity requires wise financial policies that focus on diversifying the economy, enhancing investments, and reducing dependence on oil as the sole source of revenue."   LINK

Central Bank Sells Over $1 Billion In Auction Last Week

Time: 2025/02/22 13:24:24 Read: 1,020 times   {Economic: Al Furat News} The Central Bank of Iraq’s sales of hard currency in US dollars amounted to more than one billion dollars during the days in which it opened its auction last week.

During the past week, and during the 5 days in which the auction was open, it sold an amount of 1 billion, 456 million, 844 thousand, and 61 dollars, at a daily rate of 291 million, 368 thousand, and 812 dollars, which is a slight decrease from the previous week, when the sales rate was 293 million, 719 thousand, and 775 dollars.

He also pointed out that the highest dollar sales were on Monday, amounting to $298,486,800, while the lowest sales were on Tuesday, amounting to $286,030,709.

As for foreign remittance sales, they amounted to 1 billion, 383 million, 294 thousand and 61 dollars last week, compared to cash sales that amounted to 75 million, 550 thousand dollars.  LINK

Mazhar Saleh: Iraqi Banking Reform Needs To Enhance Transparency And Governance

Time: 2025/02/22 11:47:07 Read: 1,290 times  {Economic: Al Furat News} The Prime Minister's Advisor for Economic Affairs, Mazhar Muhammad Salih, confirmed today, Saturday, that banking reform in Iraq requires enhancing transparency and governance in the banking sector.

Saleh said in a statement to {Al Furat News} agency, "The operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the local banking sector, which necessitates the need to provide great protection for Iraqi banks."

He pointed out that "the reform process must ensure that Iraqi banks are provided with the best transparency and governance tools, in addition to adopting the necessary applications to confront various risks and comply with international banking rules."

He added, "These measures are what everyone is looking forward to in the near future, to achieve stability and growth of the Iraqi banking sector and integrate it effectively into the international banking market."   LINK

Government Advisor: Iraq Advances 17 Places In Soft Power Index

Money and business  Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, announced on Saturday that Iraq has advanced 17 ranks in the Soft Power Index compared to 2023, thanks to improvements in governance and infrastructure development, stressing that this progress reflects a noticeable improvement in the stability of the country's internal situation.

Saleh said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "Iraq's occupation of the 98th position globally in the Soft Power Index for the year 2025 is an important matter in this leap during one transitional year between the end of 2023 and the end of 2024,

and looking forward to 2025, as it comes 17 places ahead of its previous classification in 2023, which embodies the progress and stability witnessed by our country in a remarkable way, after it was ranked 116th globally in the year before the previous one."

He added that "Iraq has achieved acceleration in the subject of soft power during one continuous year between 2023 and the end of 2024 and moving forward to 2025, and this acceleration comes from among a set of factors and indicators of soft power that are usually used by global institutions interested in measuring the extent of the state's influence in its global scope through non-military means, such as culture, diplomacy, education, values, and innovation."

He explained that "one of the most prominent indicators used in the soft power rankings, which Iraq enjoyed in 2024, is its distinguished international reputation in the framework of foreign relations,

as our country's diplomatic capabilities in influencing global affairs and its international image are at their best levels, which have increased in recent years due to the flourishing of foreign activities and the network of positive relations with other countries provided by Iraq's open democratic climate as one of the most important of these factors."

He pointed out that "political and security stability in Iraq has witnessed a significant improvement, as internal tensions and conflicts that negatively affected the country's image in the world have disappeared, which has helped enhance Iraq's soft power."

He pointed out that "the ability of the government program, which has advanced its applications in developing the infrastructure and continuous improvement in basic services, especially security and digital services, was accompanied by an advanced movement of institutional governance, as the efficiency and transparency of government institutions increased, with the approval of the 2024-2028 development plan,

which committed to sustainable development and environmental protection, and providing high attractiveness for investment after announcing the principle of partnership between the state and the private sector within the philosophy of the social market, and announcing the strategic development road project as a project for Iraq's progress forward."

He added that "the high degree of interest in civilizational and cultural openness has made Baghdad the capital of tourism and culture in the world, which undoubtedly reflects the quality of life and the prevailing societal values ​​of the civilization of the Tigris and Euphrates Valley, which dates back more than 7,000 years, in addition to the keenness to highlight the role of national heritage in general and different ethnicities in particular, which had a positive impact on the strength of societal diversity and its transition from the national level to the external level."

He added, "Diversifying the economy, sustainable development and moving away from the rentier economy remain among the challenges facing the rise of soft power.

This is what the government program is working on with great care, supported by the prevailing trend in economic, social and political thought circles in Iraq on an ongoing basis through the process of national support for comprehensive economic development programs for the state and government, to build a better Iraq forever."  https://economy-news.net/content.php?id=52914

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

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The US Government Has To Sell $28 Trillion Of Debt In The Next 4 Years

The US Government Has To Sell $28 Trillion Of Debt In The Next 4 Years

Notes From the Field BY James Hickman ( Simon Black )  February 19, 2025

Last summer, the Federal Reserve wanted you to believe that inflation was a thing of the past.

Sure, just about every category of consumer goods had increased in price. Electricity rates had increased 5% year over year. Rent and housing costs were up 5%. Hospital care had become 6% more expensive. Food prices were up. Fuel prices were up. Auto insurance had risen by a whopping 18.6%.

Yet, bizarrely, the overall inflation average was just 2.9%. And based on that number alone, the Federal Reserve had all but declared victory against inflation

The US Government Has To Sell $28 Trillion Of Debt In The Next 4 Years

Notes From the Field BY James Hickman ( Simon Black )  February 19, 2025

Last summer, the Federal Reserve wanted you to believe that inflation was a thing of the past.

Sure, just about every category of consumer goods had increased in price. Electricity rates had increased 5% year over year. Rent and housing costs were up 5%. Hospital care had become 6% more expensive. Food prices were up. Fuel prices were up. Auto insurance had risen by a whopping 18.6%.

Yet, bizarrely, the overall inflation average was just 2.9%. And based on that number alone, the Federal Reserve had all but declared victory against inflation.

We knew it was BS. And, after diving into the numbers, it didn’t take us very long to realize why.

It turned out that, back in the summer of 2024, used car prices were falling dramatically— down around 11% year-over-year.

You probably remember what happened: during the pandemic, supply chain snarls and factory closures caused used car prices to go through the roof. Eventually, prices peaked... and then started to fall.

By July 2024, used car prices were still on their way down... essentially returning to a more ‘normal’ level. And based on the way that the government calculates inflation, the huge drop in used car prices dragged down the overall average, making the headline inflation rate appear smaller than it really was.

We wrote about this last summer. And we predicted that the decline in used car prices would soon cease... essentially eliminating the key drag that was holding the inflation rate down.

That has now happened. And as of last month, used car prices are no longer falling... and the overall rate of inflation is once again on the rise.

This is where our discussion begins in today’s podcast, and it’s an important one. We talk about why, at this point, lingering inflation is a major challenge. And it’s becoming a more likely scenario.

There are obviously some forces within the government that are working really hard to cut spending. There are also legions of misguided (or flat-out corrupt) politicians who are fighting to prevent those budget cuts from happening.

It’s a see-saw right now and could go either way. But, at least for now, the government is still spending taxpayer money like a drunken sailor.

Last year’s budget deficit was nearly $2 trillion. They’re already on track to repeat that this year. All of that deficit spending adds to the $36+ trillion national debt.

But what makes matters even worse is that an unbelievable $28 trillion of the national debt will have to be refinanced over the next four years, according to Federal Reserve data. (We show you the Fed’s data in the podcast— it’s a chart you’ll want to see.)

The key problem, of course, is that interest rates are significantly higher today than they were several years ago. So when the Treasury Department refinances that $28 trillion in debt, it will be at a MUCH higher rate.

Think about it— if most of that debt was sold at a 2% rate, but now they have to refinance at 5%, then that’s an extra 3% interest to pay on $28 trillion— or $840 billion per year in additional interest.

Remember that the government’s interest bill is already $1.1 trillion per year. So in four years it could easily eclipse $2 trillion per year. Again, this is just the amount of interest.

It’s also pretty clear that a lot of foreign governments and central banks— who own a huge chunk of that $28 trillion which needs to be refinanced— are looking to diversify away from the dollar.

It’s already happening; obviously there are the loudmouthed BRICS countries that have started trading with one another in their own currencies, and thus begun reducing their dollar holdings. But even supposed ally nations in Europe are starting to trade their US dollar reserves for gold.

This is setting up a precarious situation... because if foreign governments and central banks continue reducing their dollar exposure, then who is going to buy up all that $28 trillion worth of US government debt that needs to be refinanced?

Well, the only remaining lender is the Federal Reserve. And as we’ve discussed before, the Fed buys government bonds by printing money... which ultimately causes inflation.

During the pandemic, the Fed printed $5 trillion and we got 9% inflation. Over the next four years the Fed might have to print a good chunk of that $28 trillion just to help refinance US government debt. So what will inflation be? No one knows. But probably not their magical 2% target.

The only way out is to slash government spending. And certainly there is a lot of low hanging fruit for DOGE to cut, which could get the deficit (and therefore inflation) under control.

But this is far from a risk-free proposition. And that’s why it still makes so much sense to have a Plan B.

We discuss all this, and more, in today’s podcast— and we hope you take time to listen in here.

(For the audio-only version, check out our online post here.)

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

https://www.schiffsovereign.com/podcast/the-us-government-has-to-sell-28-trillion-of-debt-in-the-next-4-years-podcast-152106/

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-22-25

Good Afternoon Dinar Recaps,

HBAR FOUNDATION INVESTS IN TOKENIZED FIDELITY USD MONEY MARKET FUND

The HBAR Foundation has announced an investment in Archax’s tokenized shares of Fidelity International’s USD Money Market Fund.

Archax, the first FCA-regulated digital asset exchange, broker, and custodian, recently tokenized the MMF on the Hedera network.

Good Afternoon Dinar Recaps,

HBAR FOUNDATION INVESTS IN TOKENIZED FIDELITY USD MONEY MARKET FUND

The HBAR Foundation has announced an investment in Archax’s tokenized shares of Fidelity International’s USD Money Market Fund.

Archax, the first FCA-regulated digital asset exchange, broker, and custodian, recently tokenized the MMF on the Hedera network.

The tokenized shares, available on the Archax platform, allow institutional investors to gain exposure to the fund through blockchain technology. These digital assets can also serve as proof-of-reserves for stablecoin treasury verification, enhancing transparency within the broader digital finance ecosystem, according to a company announcement.

The move highlights Hedera’s expanding role in institutional tokenization while advancing Fidelity International’s efforts to bring traditional financial products on-chain.

Last December, Hedera integrated Chainlink’s Data Feeds and Proof of Reserve on its mainnet to support DeFi and tokenized real-world assets. This followed a partnership between the HBAR Foundation and Chainlink, giving developers access to high-quality data and on-chain reserve verification.

Strategic investment

Gregg Bell, Senior Vice President at the HBAR Foundation, emphasized the strategic importance of the investment, stating, “Looking ahead to 2025, real-world asset tokenization will be a key catalyst for blockchain adoption. Our vision for a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation.”

He added that partnering with asset managers like Fidelity International is essential for accelerating institutional adoption.

The investment further strengthens Hedera’s push into institutional markets by leveraging its high-throughput infrastructure. The network’s ability to provide low-cost, fixed-fee transactions makes it an appealing option for financial institutions exploring tokenization.

The collaboration between the HBAR Foundation, Archax, and Fidelity International reflects a broader industry shift toward blockchain-powered financial products. As more institutions explore tokenization, partnerships like this could pave the way for greater adoption of digital asset infrastructure in traditional markets.

@ Newshounds News™

Source:  CryptoNews

~~~~~~~~~

BRICS NEWS:  BRAZIL PLANS TO REJECT BRICS CURRENCY

Brazil is considering dropping the idea of forming a new BRICS currency as it chairs the 17th summit in Rio De Janeiro in July 2025. Four government officials on the condition of anonymity revealed to Reuters that President Luiz Lula da Silva is planning to nix the idea of a common currency. The alliance is under pressure from Trump who threatened to impose tariffs if they ditch the US dollar.

The idea of developing a new BRICS currency could draw the ire of US President Donald Trump, who has vowed to crush anyone who plans to ditch the dollar for trade. Just recently, BRICS member India also denounced the formation of a new currency and embraced the US dollar for cross-border transactions.

After Rejecting BRICS Currency, Brazil Wants to End Reliance on the US Dollar

A government official revealed that Brazil wants to shelve BRICS currency but also aims to reduce dependency on the US dollar. 

The source explained that Brazil will provide solutions for ending reliance on the US dollar at the upcoming summit. The 17th summit is scheduled to take place on July 6-7 with the nine member countries being in attendance.

Two out of the nine BRICS countries have rejected the idea of the formation of a new currency. Only Russia, China, and Iran are aggressively advancing the de-dollarization agenda to uplift their respective economies. Russia and Iran are reeling under pressure due to sanctions and are desperate to trade in local currencies.

On the other hand, China is looking to dominate the global finances by pushing the Chinese yuan for trade. India is distancing itself from the idea fearing that China is using BRICS as a stepping stone to advance its global agenda. The cracks in BRICS are wide open even before the alliance has made the currency a reality.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

WHAT IS DOGE DIVIDEND CHECK? WILL YOU GET $5,000 STIMULUS CHECK? HERE'S WHAT TO KNOW

Wondering if you should expect a $5,000 check from DOGE? And, is it a stimulus, dividend or refund? Here's what we know so far about what it is and who would potentially get it.

President Donald Trump said he's considering a plan to pay out $5,000 stimulus checks to taxpayers in the form of a 'DOGE dividend' during a speech on Wednesday. He explained it as part to take 20% of the savings identified by Elon Musk's Department of Government Efficiency (DOGE) and give it back to the American taxpayers.

This 'DOGE dividend' idea was previously floated on Tuesday by Azoria investment firm CEO James Fishback on Musk's social media platform X, suggesting President Trump and Musk "should announce a ‘DOGE Dividend’ — a tax refund check sent to every taxpayer, funded exclusively with a portion of the total savings delivered by DOGE." To which, Musk replied "Will check with the President."

“The numbers are incredible, Elon. So many millions, billions — hundreds of billions,” Trump said in his speech. “And we’re thinking about giving 20% back to the American citizens, and 20% down to pay back our debt.”

The US national debt totaled $35.5 trillion in the 2024 fiscal year, a $1.4 trillion increase from 2023, according to the Treasury Department and US debt-to-GDP ratio rose by 2 percentage points in fiscal year 2024 from 2023.

Trump didn't share any further specifics or details about the possible 'DOGE dividend' or its certainty.

Albeit, Fishback's four-page proposal of the 'DOGE dividend' described it as a refund "sent only to tax-paying householders."

 Noting the difference from past stimulus checks, he added that DOGE checks would not be inflationary as they would be "exclusively funded with DOGE-driven savings, unlike COVID stimulus checks which were deficit-financed."

By definition, a dividend is a distribution of profits by a corporation to its shareholders and refund is a payment made back to a user that previously paid for something. A stimulus check on the other hand, is a direct payment to encourage spending and stimulate the economy by putting money directly into the consumers' hands.

What is DOGE?

The Department of Government Efficiency (DOGE), officially the U.S. DOGE Service Temporary Organization, is an initiative created by Trump and led by 'special government employee' Musk.

The mission of DOGE was to slash federal spending, deregulation and "modernize federal technology and software to maximize governmental efficiency and productivity."

How much has DOGE saved?

At the time it was introduced, DOGE's effort was to save as much as $2 trillion dollars a year. DOGE claims to have already saved $55 billion in government cuts so far, but the figure has not been verified.

The agency has made drastic cuts across federal agencies, including mass firings of federal workers. Some agencies that have already seen cuts include the United States Agency for International Development (USAID), the Department of Education, the National Institutes of Health, the Centers for Disease Control and Prevention, and the Consumer Financial Protection Bureau.

@ Newshounds News™

Source:  USA Today

~~~~~~~~~

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Monetary RESET Is Inevitable | John Rubino

Monetary RESET Is Inevitable | John Rubino

Liberty and Finance:  2-22-2025

John Rubino discusses the potential for the U.S. to follow a path similar to Argentina, where government downsizing may become necessary.

He highlights that entrenched interests and military profits are significant counterforces to these cuts, and the pushback from these groups could be substantial.

Stories of government workers being laid off could also influence Congress, slowing down the downsizing process. Rubino emphasizes that the U.S. is dangerously over-leveraged, with immense debt across various sectors, making a monetary reset inevitable.

Monetary RESET Is Inevitable | John Rubino

Liberty and Finance:  2-22-2025

John Rubino discusses the potential for the U.S. to follow a path similar to Argentina, where government downsizing may become necessary.

He highlights that entrenched interests and military profits are significant counterforces to these cuts, and the pushback from these groups could be substantial.

Stories of government workers being laid off could also influence Congress, slowing down the downsizing process. Rubino emphasizes that the U.S. is dangerously over-leveraged, with immense debt across various sectors, making a monetary reset inevitable.

The U.S. economy, burdened by escalating debt and the looming threat of inflation, may be headed for a reckoning. John Rubino, a seasoned financial analyst, recently joined Liberty and Finance to discuss the possibility of the U.S. following a trajectory similar to Argentina, a nation known for its cycles of boom and bust, and where severe government downsizing has become a necessary, albeit painful, reality.

Rubino’s warnings aren’t just abstract economic theories; they’re a stark assessment of the current financial landscape. He highlights the deeply entrenched interests that hinder any attempts to rein in government spending.

The sheer size of the U.S. military-industrial complex and the profits it generates for powerful corporations make significant budget cuts a political minefield. The pushback from these groups, Rubino argues, could be immense, stalling any meaningful reform.

Beyond the powerful lobbies, Rubino also points to the human cost of downsizing. Imagine the impact of mass layoffs of government employees, the stories filling news cycles and impacting congressional decisions. The political pressure to slow down, or even reverse, austerity measures could be overwhelming.

But the core of Rubino’s argument rests on the staggering levels of debt plaguing the U.S. He paints a picture of a nation dangerously over-leveraged, with unsustainable debt levels across the government, corporate, and consumer sectors.

 This massive debt, he believes, makes a monetary reset not just possible, but inevitable.

So, what can individuals do to protect themselves from this potential economic storm? Rubino’s advice is clear: invest in tangible assets, particularly gold and silver. He sees these precious metals as a vital hedge against the erosion of purchasing power caused by inflation, a likely consequence of the government’s ongoing struggle with debt.

However, Rubino’s concerns extend beyond simple financial survival. He also warns of the future transition to government-controlled monetary systems, a move that could significantly limit personal freedoms. In a world where the government controls every transaction, individual autonomy could be severely curtailed. The potential implications for privacy and personal liberty are profound.

While the comparison to Argentina might seem alarming, it underscores the urgency of addressing the U.S.’s unsustainable debt levels. Rubino’s perspective serves as a wake-up call, urging individuals to consider the potential for a significant economic shift and prepare accordingly. He champions a proactive approach: understand the risks, diversify your assets, and be aware of the potential for increased government control over your finances.

In conclusion, Rubino’s insights paint a worrying picture of the future, but they also offer a roadmap for navigating the potential challenges ahead.

 By understanding the risks and taking proactive steps, individuals can better protect themselves from the potential economic storms brewing on the horizon. The time to consider these warnings is now, before the U.S. finds itself further down the path towards a potentially painful economic reckoning.

INTERVIEW TIMELINE:

0:00 Intro

 1:40 Trump's first month

8:30 D.C. culture

 19:00 Argentina vs U.S.

 23:00 Pushback to Trump

33:30 Dollar collapse

https://www.youtube.com/watch?v=XrrZ6Y-_TG8

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

Weekend Coffee with MarkZ. 02/22/2025

Weekend Coffee with MarkZ. 02/22/2025

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

Mod: GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Happy Saturday and Welcome to the Weekend

MZ: Today is the last day we are broadcasting on twitch. People will have to use youtube or rumble from now on.

Weekend Coffee with MarkZ. 02/22/2025

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

Mod: GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Happy Saturday and Welcome to the Weekend

MZ: Today is the last day we are broadcasting on twitch. People will have to use youtube or rumble from now on.

MZ:  Huge amounts of chatter this weekend. Tons of rumors about this weekend. We will see what surfaces. We know there is a lot of excited wealth management/redemption contacts and bond folks as of this morning.

MZ: Lots of people in place but have not heard from group contacts yet this morning. I am confident we are close…just not certain this is the weekend or not.  I would think we would see movement in groups if this was our weekend.

MZ: The new dinar rate was not in the Gazette today. The CBI has been showing some different rates lately…it even went to 1322 in the wee hours. But it is not staying there. There is a lot pointing to the fact they are working on it….but not a lot pointing to us going to the banks on Monday.

Member: With the CBI website having its outage and FOREX down today for upgrades, Maybe it’s safe to assume CBI is doing a big upgrade to new system and ready to Pop up new rate tomorrow???

Member: Rumor:  Hearing Iraq has done their revaluation in house but not announced .

MZ: “Kurdistan oil export: Washington presses and Baghdad faces challenges” I would like to point out that Baghdad is calling BS on some Rueters articles saying the US is threatening sanctions if Kurdistan doesn’t start pumping the oil….Both Washington and Baghdad say “BS” and tells them to stop with the fake news.  

MZ: “Kurdistan council of ministers confirms its aspirations to resume oil exports as soon as possible” We are being told this coming week they will resume.

MZ: “ The reform committee announces a growth in tax revenues of 22% with revenues of 4 trillion dinars” this is part of changing the system from cash to electronic. Revenue can now be tracked. This allows Iraq to be stable and not fluctuate as much.

Member: All the economists are talking about gold and silver right now…..something is happening

The total short position in silver is 953 million ounces. This is over one year’s world production. This is mostly a naked short to control the price. The CFTC is clearly aware of this.

Member: Rand Paul just sent letter to Treasury for inspection of Ft Knox no later than March 19

Member: Why does this upcoming audit of Fort Knox remind me of the Geraldo Rivera Special- "The Mystery of Al Capone's Vaults"

Member: CEO Jamie Dimon just dumped $233.7 million worth of $JPM shares

Member: If the bank don’t hold a lot of funds and people cannot get their money out…how safe is it to put our RV funds in them?

MZ: When the RV happens we assume the monetary system is changing and this doesn’t matter…but, if the system doesn’t change we will have a lot to figure out quickly.

Member: When we get our notification to set our appointment do we have to so it within a certain amount of time? I’ve heard 3 days. Concerned as I am out of the country till mid March.

Member: Mark always said we should have 10 days to make appointments and 30 days to exchange….

Member: Remember Saturday nights are the best time to reset currencies while all banks are closed…. Please let this be that Sat. night we are waiting for

Member:  Have a very blessed weekend everyone and may God richly bless you all and see you all on Monday morning.

Member: I feel Ike we are living in the greatest part of History . There should be songs written about these times!

Member: The best is yet to come.

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!

Youtube:     https://www.youtube.com/watch?v=FWs9Ed4ufTY

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

News, Rumors and Opinions Saturday 2-22-2025

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

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

Compiled Sat. 22 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: The Nation’s Economic Director announced that it was Trump’s plan all along to abolish Federal Income Tax and replace it with Tariff revenue. Our payments to the IRS were unconstitutional.

Trump is returning the US to the Gold Standard. Global Financial Crash Guaranteed If the DOGE Audit finds that Gold is not sitting in Fort Knox. US Dollar Collapse = Deep State Collapse = Global Currency Reset.

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 Sat. 22 Feb. 2025

Compiled Sat. 22 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: The Nation’s Economic Director announced that it was Trump’s plan all along to abolish Federal Income Tax and replace it with Tariff revenue. Our payments to the IRS were unconstitutional.

Trump is returning the US to the Gold Standard. Global Financial Crash Guaranteed If the DOGE Audit finds that Gold is not sitting in Fort Knox. US Dollar Collapse = Deep State Collapse = Global Currency Reset.

The 1871 Corporation Act (of the privately owned by foreign bankers US Inc.) was (allegedly) dissolved in 2020 and President Trump (allegedly) had 650 plane loads of US Taxpayer owned gold removed from the Vatican and returned to it’s rightful place in the new US Treasury on an Indian Reservation near Reno Nevada.

On Thurs. 30 Jan. 2025 the privately owned Fed and IRS(allegedly)  officially closed when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World.

~~~~~~~~~~~

And all that happened on Fri. 21 Feb. 2025.

Fri. 21 Feb. 2025 It’s inevitable now… Income Tax is going away! Trumps National Economic Council Director on replacing the income tax with tariff revenue… is that a possibility? Absolutely…. It was his plan all along. Abolishing the federal income tax will save families roughly between $5,000 to $20,000 a year… depending on earned income. But the real savings comes from the domino effect this will have on everything else. This is just the beginning. We are so back!! Join below and enjoy the show: https://t.me/PresidentQ45_47

~~~~~~~~~~

What We Think We Know as of Fri. 21 Feb. 2025:

Fri. 21 Feb. 2025: Deep State Attempts to Hide $4.7 TRILLION of Untraceable Funding Now That Trump Has Taken Over the Treasury … on Telegram

~~~~~~~~~~~

Possible Timing:

In 1933, the U.S. declared bankruptcy and pledged EVERY CITIZEN as collateral to back its debt. Gold was confiscated. Debt-based money was introduced. And you? You became an economic asset.

In 2020 President Trump (allegedly) had 650 plane loads of US Taxpayer owned gold removed from the Vatican. The 1871 Corporation Act (of the privately owned by foreign bankers US Inc.) was (allegedly) dissolved in 2020. President Trump had the gold taken to it’s rightful owners – the new Republic for the United States of America Treasury (allegedly) located on an Indian Reservation near Reno Nevada.

On Thurs. 30 Jan. 2025 the privately owned Fed and IRS (allegedly) officially dropped dead – when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World. President Trump has said he will replace the IRS with the ERS (External Revenue Service) where taxation on goods will replace taxation on The People and their income.

Since Friday 3 Feb. 2025 all Basel 4 Compliant banks have (allegedly) gone public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law. This is the Re-evaluation of all the global currencies (meaning the global currency reset).

Tues. 11 Feb. 2025 Official Notification: Leaders in the Global Currency Reset (allegedly) received signal payments authorized by the Quantum Network.

This week the Quantum Financial System was said to be fully operational for completion of that Global Currency Reset.

The use of the FIAT US Dollar will be used for up to 90 days Feb. / March / April parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter. …Bruce

~~~~~~~~~~~

Wed. 19 Feb. 2025 Wolverine: “Hi guys. Certain platforms were paid today. Tier4b (us, the Internet Group) should be soon.”

A security force at Sparks Reno Airport report they are getting 3 flights in and 3 flights out every hour. Shelves in hanger were filled with new US Note. The US Notes were being moved to where it needs to go. Redemption Centers received more new US Notes in addition to what they had a year and a half ago.

Thurs. 20 Feb. 2025 Reno Update: It’s been a VERY busy place this week. Monday was quiet… But Tuesday, Wednesday and today it’s been crazy. Today alone we have had 37 private jets into the private terminal… yesterday 38. It’d been the same pattern… Land and at Terminal for 4 to 5 hours then leave back to their original origin. This is VERY exciting to see! We know that things are happening… ZERO doubts about it!

A source said we would get notified Saturday and begin appointments on Mon. 24 Feb.

Read full post here:  https://dinarchronicles.com/2025/02/22/restored-republic-via-a-gcr-update-as-of-february-22-2025/

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
They showed several individuals that were busted in the new system trying to laundry money but they can't now with this new system.  FRANK: That's right.  Security and stability was the #1 thing that was needed in order to release the new exchange rate.  That's why it's exciting right now.

Bruce   [via WiserNow]  I got...that redemption center leaders are to have received...an email...that would tell them whether or not they should go into the redemption centers...Saturday morning... what is the timing for us?   We have one source so far that is confirming that we will get notified Saturday and exchange starting Monday of this coming week... I don't have it confirmed from any of our normal, regular sources. They're all saying it's close...looks pretty good for us to get notifications on Saturday and start on Monday. We shall see.

They Did WHAT with the Gold?! Is A Gold Run Next?

Daniela Cambone:  2-21-2025

That's when you have a gold run or a run on the bank. And that's what could be—I want to use the word could, not would—taking place right now,” says David Morgan, publisher of The Morgan Report.

In an interview with Daniela Cambone, he compares the recent gold supply crunch in London, much of which was triggered by tariff threats as investors bought cheaper gold in London and sold it for a higher price in New York, to a traditional bank run.

“Some gold holders started to wake up and say, wait a minute, there are delays in the LBMA. There shouldn't be, or at least not that long. I'm going to get my gold back.”

Additionally, he states that some of the gold stored in Fort Knox was coin melt, meaning it was taken from gold coins, which are typically made of 90% gold, not pure gold.

“For a gold contract to be valid, it has to be 999 fine. In other words, it's just gold, it's not gold and another metal.

Chapters:

 00:00 Revalue gold

4:42 Fort Knox audit

 6:33 Gold store locations

12:11 Fort Knox gold coin melt

14:35 COMEX gold move to NY

18:10 Gold price factor

22:00 Pull back in gold

25:58 Concluding words

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

 

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Iraq Economic News and Points to Ponder Saturday AM 2-22-25

Washington Threatens Baghdad With Sanctions If It Does Not Resume Kurdistan Oil Exports Quickly 

 02/21/2025  Mawazine News – Economy  The United States threatened the federal government in Iraq with sanctions on Friday if the Kurdistan Region's oil exports are not resumed quickly.

Reuters quoted sources as saying: "The administration of President Donald Trump asked Iraq to resume Kurdish oil exports quickly or face sanctions alongside Iran."

The sources added that "Washington believes that Kurdish oil sales could help reduce crude prices and compensate for the decline in Iranian supplies."

Washington Threatens Baghdad With Sanctions If It Does Not Resume Kurdistan Oil Exports Quickly 

 02/21/2025  Mawazine News – Economy  The United States threatened the federal government in Iraq with sanctions on Friday if the Kurdistan Region's oil exports are not resumed quickly.

Reuters quoted sources as saying: "The administration of President Donald Trump asked Iraq to resume Kurdish oil exports quickly or face sanctions alongside Iran."

The sources added that "Washington believes that Kurdish oil sales could help reduce crude prices and compensate for the decline in Iranian supplies."

Oil Minister Hayan Abdul Ghani revealed last Tuesday that Iraq had sent a delegation from the ministry to the Kurdistan Region to agree on a mechanism for delivering and exporting the region's oil through the Turkish port of Ceyhan.

The oil minister said that contact had been made with the region's Minister of Natural Resources, Kamal Mohammed Salih, to negotiate with the delegation on the mechanism for receiving and exporting oil through the Turkish port of Ceyhan.

This came one day after Iraq accelerated the expected date for resuming oil exports from Kurdistan, as the federal oil minister said last Monday that oil exports from the Kurdistan Region could resume within just a week.

Iraq exports between 400,000 and 500,000 barrels per day from fields in the north of the country, in the Kurdistan Region, via the now-defunct Iraq-Turkey pipeline.

Oil Minister Hayan Abdul Ghani said earlier this month that at least 300,000 barrels per day of crude were planned to be transported once operations resumed.

In Iraqi Kurdistan, oil production is between about 280,000 and 300,000 barrels per day, and the regional government estimates its domestic consumption needs — including power generation — at around 110,000 to 120,000 barrels per day. https://www.mawazin.net/Details.aspx?jimare=259748

Iraq And The United Nations Discuss The International Cooperation Mechanism To Recover Smuggled Funds

02/21/2025  Mawazine News – Baghdad  The Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, discussed with the United Nations today, Friday, the international cooperation mechanism to recover smuggled funds.

The Integrity Commission stated in a statement received by Mawazine News, that "the Chairman of the Integrity Commission, Mohammed Ali Al-Lami, discussed with the Deputy Representative of the Secretary-General of the United Nations, Ghulam Muhammad Ishaq Zai, the international cooperation mechanism to recover smuggled funds."

According to the statement, the Chairman of the Integrity Commission, Mohammed Ali Al-Lami, said during the meeting that "corruption is a cross-border crime that requires international cooperation to reduce it."

For his part, the Deputy Representative of the Secretary-General of the United Nations, Ghulam Muhammad Ishaq Zai, expressed his readiness to "remove the obstacles that prevent Iraq from recovering its smuggled funds."  https://www.mawazin.net/Details.aspx?jimare=259725

New Reform Plans For The Banking Sector In Iraq

Time: 2025/02/21 10:51:47 Read: 3,060 times  {Economic: Al Furat News} The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, stressed that achieving a unified vision to study the conditions of banks in Iraq requires the integration of the national banking market within a homogeneous framework aimed at enhancing the stability of the national financial system and developing its performance in the areas of credit, digital payments, and financing economic development.

Saleh said in a special statement to {Al Furat News}, "The first vision focuses on the importance of achieving integration between national banks in a way that enhances their role in supporting the Iraqi economy, pointing out that this requires updating the financial infrastructure and adopting modern technologies to meet the requirements of the era.

The second vision, according to the financial advisor, is related to developing two comprehensive reform plans targeting the public and private banking sectors, with the aim of improving the performance of these institutions in accordance with international standards. He explained that the reform will include improving governance and financial management and enhancing transparency, which will facilitate the involvement of Iraqi banks in the global financial relations network.

Saleh added that the direct goal of banking reform is to enable Iraqi banks to deal more effectively with the outside world, ensuring economic openness and attracting foreign investments, as well as strengthening Iraq's position on the international financial scene.

This trend comes in light of the government’s ongoing efforts to develop the financial sector and enhance its role in achieving sustainable development and supporting the national economy, as banking reform is viewed as an essential step towards achieving these goals.  LINK

Oil Prices Rise On Expectations Of Higher US Demand

Friday 21 February 2025 | Economic Number of readings: 298  Baghdad / NINA / Oil prices continued their gains today, Friday, in early Asian trading, and are heading for a weekly rise amid growing expectations of strong demand in the United States after data showed a decline in gasoline and distillate inventories, and prices received support from concerns about disruption to Russian supplies.

Brent crude futures rose 16 cents, or 0.2 percent, to $76.64 a barrel, and US West Texas Intermediate crude rose 17 cents, or 0.2 percent, to $72.65 a barrel, and the two crudes are heading for weekly gains of about three percent.

The US Energy Information Administration said yesterday that crude oil inventories in the United States rose while gasoline and distillate inventories fell last week after seasonal maintenance at refineries led to a decline in refining operations. / https://ninanews.com/Website/News/Details?key=1187885

Gold Retreats From Record Highs But Heads For Weekly Gains

Friday 21 February 2025 | Economic Number of readings: 329  Baghdad / NINA / Gold prices fell on Friday from the record level it recorded in the previous session, but they are still on track to achieve gains for the eighth consecutive week, supported by safe-haven demand amid concerns about former US President Donald Trump's plans to impose new tariffs, which could raise trade tensions and increase inflationary pressures.

Spot gold fell 0.4% to $2,927.89 per ounce, after hitting an all-time high of $2,954.69 on Thursday.

US gold futures also fell 0.5% to $2,942.

Among other precious metals, silver fell 0.4% to $32.79 per ounce, platinum fell 0.8% to $970.28, and palladium fell by the same percentage to $969.84. However, silver recorded a weekly increase of more than 2%, while palladium rose by 1%, while platinum fell by about 1% during the week. / End https://ninanews.com/Website/News/Details?key=1187887

Reform Committee Announces 22% Growth In Tax Revenues, With Revenues Reaching 4 Trillion Dinars

02/21/2025  Mawazine News – Economy  The Higher Committee for Implementing Tax Reform announced today, Friday, a qualitative leap in tax revenues, recording a growth rate of 22%, with revenues reaching 4 trillion dinars during the past year, while indicating that Iraq is on the verge of ending the problem of similar names through an advanced digital system that puts an end to procedural errors.

Khaled Al-Jaberi, a member of the Higher Committee for Implementing Tax Reform, said in a statement to the official agency that "tax revenues for the year 2024 recorded 3.755 trillion Iraqi dinars, in a clear indication of improving tax policies, enhancing collection efficiency, and simplifying administrative procedures," explaining that "these reforms contributed to reducing corruption, accelerating the completion of transactions, in addition to issuing incentive decisions, such as exempting taxpayers from fines and interest, which prompted many of them to settle their financial dues voluntarily."

Al-Jaberi pointed out that "the coming period will witness the resolution of three major problems that have long burdened taxpayers, in addition to ending the problem of similar names.

A digital tax inquiry system will be adopted, allowing taxpayers to know their financial status electronically without the need to review the authority. Company data will also be made available electronically to government departments, which enhances transparency, facilitates inquiry processes, and supports the investment environment."

Al-Jaberi pointed out that "the tax policy in Iraq has faced major challenges, most notably tax evasion, which has led to the budget being deprived of huge revenues, in addition to bureaucracy that hinders the efficiency of collection."

He pointed out that "the new reforms seek to address these problems by adopting a modern financial system that relies on automation, which reduces human intervention in assessment and collection, and limits the violations that were hindering the tax process."

Al-Jaberi stressed that "these steps represent a qualitative shift in tax administration, as they contribute to building a more efficient and fair financial system, enhance trust between the state and taxpayers, and prepare the ground for broader reforms in the economic system."

The member of the Supreme Committee for Implementing Tax Reform pointed out that “these measures reflect the beginning of a new phase, in which taxes are transformed from a burdensome burden into an organized process based on justice and technology, which contributes to achieving sustainable development and supporting the stability of the national economy.” https://www.mawazin.net/Details.aspx?jimare=259746

Iraq Invites Japanese Companies To Invest, Confirms Readiness For New Economic Phase
02/21/2025  Mawazine News – Baghdad  The Senior Undersecretary of the Ministry of Foreign Affairs, Ambassador Mohammed Bahr Al-Uloom, confirmed today, Friday, that Japan has contributed to the reconstruction of Iraq with 34 vital projects, while calling on Japanese companies to invest in Iraq.

Bahr Al-Uloom said, during the celebration of the Japanese Emperor's birthday and the National Day: "The relations between Japan and Iraq are historical and date back to 1939," praising "the development witnessed by these relations to reach the level of fruitful diplomatic partnership."

He added that "the name of Japan is associated in the Iraqi memory with the meanings of loyalty, honesty and efficient performance, in addition to the lofty human values ​​that are consistent with our Arab and Islamic values ​​and our ancient civilization in Mesopotamia, especially in the Sumerian and Babylonian civilizations."

He added that "the high level of civilization that Japan has achieved in the fields of economy, construction, industry and technology was not a coincidence, but rather the result of strenuous efforts made by successive generations of the Japanese people, deriving determination and strength from Japan's ancient civilization," explaining that "Japan contributed to supporting the march of freedom and democracy in Iraq after 2003, and participated with its forces in maintaining security and stability in Muthanna Governorate, an unprecedented step that left a unique humanitarian impact on the residents of the governorate."

He stated that "the two countries share in supporting each other diplomatically in international forums and UN institutions," noting that "Japan provided grants and development loans to Iraq, which contributed to the construction and rehabilitation of 34 vital projects in various Iraqi cities and regions.

he most prominent of these projects is the establishment project, which is the most recent in the Middle East and the first in Iraq to convert oil waste into high-quality derivatives, which is being implemented by the Southern Refineries Company in cooperation with the leading Japanese company "JGC", and will provide thousands of job opportunities in Basra Governorate."

He stressed that "Iraq today faces new horizons of cooperation that carry promising opportunities thanks to its stability and development in the security and economic fields, which makes it a fertile and attractive environment for investment," calling on "leading Japanese companies to be a strategic partner in this new phase of Iraq's economic renaissance, inspired by the successful Japanese experience in development and progress."

Bahr al-Uloom expressed his "admiration for the Japanese development experience," pointing to "the similarities between the two countries in geopolitical challenges."

He explained that "Iraq seeks to benefit from the distinguished Japanese model by expanding areas of cooperation and exchange of expertise," explaining that "the investments of Japanese companies in Iraq are not just a strategic choice, but rather part of the modern economic vision adopted by Iraq under the leadership of Prime Minister Mohammed Shia al-Sudani."

Bahr al-Uloom pointed to "the remarkable growth in trade cooperation between the two countries in recent years," stressing that "Iraq seeks to enhance this cooperation to include larger projects that have a greater impact on the welfare of the two peoples and the stability of the region."

He announced "Iraq's desire to expand areas of partnership," calling on "Japanese companies and institutions to intensify their presence in Iraq."   https://www.mawazin.net/Details.aspx?jimare=259733

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

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