Iraq Economic News and Points to Ponder Tuesday Afternoon 2-25-25

Iraq Ranks Seventh In The World In Gold Purchases

25 February 2025 | Economic Number of readings: 298  Baghdad / NINA / The World Gold Council announced today that Iraq is at the forefront of Arab countries in buying gold during the year 2024.

According to the Council's data, Iraq ranked first among Arab countries in buying gold, as the volume of its gold purchases in 2024 amounted to about 20.1 tons, and thus these reserves amounted to 152 tons, while Iraq's gold purchases in 2023 were about 12.3 tons.

The Council added that Qatar came second, followed by the Emirates in third, and then Egypt in fourth.

The Council indicated that Iraq came seventh as the largest buyer of gold in the world in 2024 after Poland, which came first, Turkey in second, India in third, Azerbaijan in fourth, China in fifth, and the Czech Republic in sixth. / End  https://ninanews.com/Website/News/Details?key=1188648

Gold Settles Near High

Tuesday 25 February 2025 | Economic Number of readings: 207  Baghdad / NINA / Gold settled near an all-time high on Tuesday, supported by safe-haven demand amid concerns that US President Donald Trump's plans for tariffs could stoke inflation and ignite a major global trade war.

Spot gold was little changed at $2,950.39 an ounce, down about $6 from its all-time high of $2,956.15 hit yesterday, while US gold futures rose 0.1 percent to $2,967.40.

As for other precious metals, spot silver rose 0.3 percent to $32.45 an ounce, while platinum was little changed to settle at $966, while palladium fell 0.4 percent to $936.25. / End2 https://ninanews.com/Website/News/Details?key=1188637

Al-Sudani And Rubio Discuss Coordination Between Iraq And The New US Administration

Tuesday 25 February 2025 20:37 | Politics Number of readings: 95  Baghdad / NINA / Prime Minister Mohammed Shia al-Sudani discussed with US Secretary of State Marco Rubio, by phone, the coordination between Iraq and the new US administration.

The Prime Minister's media office stated in a statement: "Al-Sudani received, today, Tuesday, a phone call from US Secretary of State Marco Rubio, during which they discussed the overall bilateral relations between Iraq and the United States, and ways to enhance and develop them."

He added: "Al-Sudani and Rubio discussed areas of coordination between Iraq and the new US administration, and frameworks for cooperation in the context of bilateral agreements. They also reviewed the progress made in joint work in various fields, and agreed to intensify communication and deepen cooperation." / End  https://ninanews.com/Website/News/Details?Key=1188781

EU: Improving Financial Culture In Iraq Is Essential For Economic Development/

Money and business  Economy News – Baghdad  The European Union confirmed, on Tuesday, its commitment to supporting Iraq in promoting financial culture as a necessity for development, noting that the launch of the “Our Bank” application represents a major step in developing future financial plans for Iraqi families.

During the launch of the "Our Bank" application and the smart robot for financial awareness, which was attended by "Al-Eqtisad News", the country director of the German Development Agency (GIZ), Lutz Zimmermann, said that "enhancing financial awareness contributes to improving financial services, and this is what we are working on through developing financial culture and its applications in Iraq."

He added that "launching this application is an important milestone in facilitating access to financial services and reducing hesitation in dealing with banking affairs," stressing the importance of "having effective tools and guidelines for using the application, as they play a role in reducing financial problems and achieving more efficient financial management."

For his part, the head of the European Union Cooperation Department and representative of the German Embassy, ​​Lennart de Ridder, explained that "access to financial services is no longer a luxury, but a vital necessity," noting that "the European Union pays great attention to the financial inclusion project, especially with technological developments that require enhancing digital banking services."

He stressed that "the European Union, in cooperation with the German government and the Central Bank of Iraq, seeks to enhance financial transparency and develop government knowledge in this field; to ensure the success of financial systems and their proper preparation."

De Ridder considered that “the launch of the (Our Bank) application represents a fundamental step in supporting the Iraqi economy, as it is a pivotal tool for disseminating financial information and enhancing financial awareness, which contributes to enabling individuals to access banking services accurately and efficiently.”

He concluded by saying: “We are committed to supporting Iraq financially and enhancing financial culture, as achieving progress in this area is essential for the sustainability of economic development in the country.” 73 views  Added 02/25/2025 - https://economy-news.net/content.php?id=52983

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

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

The Prime Minister's media office stated in a statement seen by Al-Eqtisad News that "Prime Minister Mohammed Shia Al-Sudani chaired, today, Tuesday, the eighth regular session of the Council of Ministers, during which general developments in the country were discussed, a number of important files and the progress of the implementation of the government program were discussed, in addition to discussing the topics on the agenda and taking the necessary decisions regarding them."

He added that "the Council approved the new draft law of the Popular Mobilization Authority, and referred it to the House of Representatives for voting, noting that "within the government's efforts to protect the environment and reduce pollution, the Prime Minister directed the adoption of the recommendations of the report on addressing the problems of air pollution and the spread of bad odors prepared by the Ministry of Environment, according to the following:

1. Strengthening the Ministry of Finance's human cadres in the environmental directorates in Baghdad and the governorates, by transferring specialized environmental cadres from the Ministry of Health to the Ministry of Environment as an exception to the instructions.

2. Accelerating the procedures for the Ministry of Finance to finance the Ministry of Environment, to provide spare parts, maintain and rehabilitate air quality monitoring stations, and establish the nucleus of a national center for handling, processing and linking monitoring stations in Baghdad and the governorates and emission sources, and providing portable devices to support the work of the basic system.

3. Securing the necessary funding for the Ministry of Environment to carry out its daily tasks related to environmental inspection, control and monitoring.

 4. The Ministry of Oil adopts combustion improvement incentives, to raise the quality of fuel supplied to factories and plants and reduce emissions, while accelerating the transition to using liquefied gas as a clean fuel for these facilities.

5. Accelerating the evaluation of the experience provided by the Ministry of Industry and Minerals regarding the installation of emission control systems. 6. Emphasizing the security authorities in supporting technical teams and tightening control over irregular industrial activities that pollute the air, and taking legal measures against them.

He continued, "In the field of following up on the completion of infrastructure projects, he directed the exemption of the Al-Hamza Al-Kabir sewerage project in Diwaniyah Governorate from the requirements for approval in the Ministry of Finance, and proceeding with contracting procedures, to be completed when the federal general budget schedules for the year 2025 are issued, and the plan of the Ministry of Construction, Housing, Municipalities and Public Works related to loans is approved."

He explained that "within the framework of the government's work to complete stalled projects and launch service projects, the Council approved the following:

1. Increasing the amount of the reserve and the total cost of the project (building the Al-Amiriya Municipality Directorate/Anbar Governorate, with furnishing) included in the governorate's budget.

2. Establishing the infrastructure component (rainwater drainage, sewage and electricity supply) within the components of the project (establishing a general hospital with a capacity of (200) beds in Nahrawan, turnkey/Baghdad) included in the investment budget tables of the Ministry of Health for the year 2024, and increasing the total cost of the component.

3. Increasing the reserve amount and the total cost of the project (establishing a 100-bed hospital in Safwan District) in Basra Governorate.

"Within the plans to secure the ration card items, the Council approved the recommendations for settling the dues of Al-Owais Company as follows: Forming a committee to negotiate with Al-Owais Company, headed by the Administrative Undersecretary of the Ministry of Planning and including the Director General of the General Government Contracts Department at the Ministry of Planning, the Director General of the Accounting Department at the Ministry of Finance, and the Director General of the General Company for Foodstuffs Trading at the Ministry of Trade, to process and settle the company's dues for the difference resulting from changing the exchange rate of the food basket contract, and submit a recommendation on the amount to the Council of Ministers," he added.

The Council of Ministers also followed up, according to the statement, on the development of energy sector projects, as the Council approved increasing the amount of the consulting contract to develop the Basra refinery/the FCC cofactor cracking project for the Japanese companies (UNICO) and the French companies (TECHNIP), and increasing the contract period, as an exception to the controls attached to the instructions for implementing government contracts (2 of 2014).

In the same sector, the Council authorized the Ministry of Oil/Basra Oil Company to sign a non-binding agreement of principles with AURASYIA SCOPE OIL & GAS UK LTD regarding the tank depot and artificial island project,

due to the importance of the project from the strategic oil perspective and to establish Iraq’s position in the territorial waters of the Gulf and to develop the national economy and increase the financial revenues of the federal public treasury.

The Council of Ministers also approved the following:
Authorizing the Director General of the General Company for Electricity Production/Middle Euphrates to sign an extension contract addendum according to the requirements of the added work, related to the maintenance and operation of diesel stations, for five years,

based on the commercial offer submitted by (Dasov) Company, at the same price for the tariff using the (TAKE AND PAY) method and achieving a production capacity of (750) megawatts during the first contractual year and implementing works outside the scope of the contract,

and that the extension period be subject to annual review according to the requirements and with the agreement of the two parties to the contract, as an exception to the instructions for implementing government contracts (2 of 2014) and the controls attached thereto,

with the company responsible for the efficiency of the operation of the updated or added system, and in a manner that ensures the safety of the operation of the generating units in the four diesel stations according to the recommendations of the unit manufacturer.

The Ministry of Electricity was also authorized to sign a contract for the entire project (simple cycle with combined cycle 921 megawatts) in Nasiriyah, and the project allocation is divided into several stages (multi-year allocation).

In the context of enhancing international cooperation in the field of peaceful nuclear energy, the Council of Ministers voted to approve the authorization of the Minister of Higher Education and Scientific Research/Chairman of the Iraqi Atomic Energy Commission to negotiate and sign the draft cooperation agreement between the Government of the Republic of Iraq and the Government of the People's Republic of China in the field of peaceful uses of nuclear energy, and for the Ministry of Foreign Affairs to prepare the necessary authorization document and submit it to the General Secretariat of the Council of Ministers in order to obtain the signature of the Prime Minister.

Based on the Prime Minister's directive, the Council of Ministers voted to grant the Iraqi doctor (Mohammed Taher Abu Raghif) a residential apartment in the Al-Khadhra residential complex in the capital, Baghdad, and a diplomatic passport, in appreciation of the humanitarian role he played during the war in Gaza, provided that the Ministry of Finance allocates the amount of the apartment referred to above.     https://economy-news.net/content.php?id=52985

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-25-25

Good Afternoon Dinar Recaps,

RUSSIA REJECTS BRICS, PROPOSES HISTORIC DEAL WITH THE US

Russia is slowly bowing out of the BRICS agenda of cutting ties with the US and the dollar for trade and transactions.

In a historic deal, Russian President Vladimir Putin has proposed to supply 2 million tons of aluminum to the US markets. The move could stabilize prices in the commodity metals sector and smoothen out price fluctuations and market volatility.

In addition, BRICS member Russia also outlined potential deals with the US in supplying rare earth resources. Russia has the world’s fifth-largest rare earth metals reserves that the US could use for industry and military production and benefit immensely.

The prospective economic deal covers aluminum and rare earth materials from BRICS member Russia to the US. President Donald Trump had earlier hinted that “major economic development transactions with Russia” could soon take place.

The rare earth materials are mostly used for magnet production that turns power into motion for electric vehicles (EV). It also covers the production of cell phones and other military equipment. If the deal goes through with the US, this will be a complete U-turn of policies from BRICS member Russia.

“We would be ready to offer (joint projects with) our American partners. And when I say ‘partners,’ I mean not only administrative and governmental structures but also companies, if they showed interest in joint work,” said Putin and added, “We undoubtedly have, I want to emphasize, significantly more resources of this kind than Ukraine.”

BRICS Countries Take U-Turn With the US

After Trump took over the White House in January, BRICS countries are backtracking from teaching the US a lesson. India recently rejected the idea of launching a BRICS currency and embraced the US dollar for trade. 

Brazil is also considering nixing the idea of a common currency in the upcoming summit in July.

Also, China is urging the US to not weaponize trade with tariffs. BRICS member Russia, which was a staunch supporter of de-dollarization, is now seeking business deals with the US.

@ Newshounds News™

Source:  Watcher Guru

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GRAYSCALE’S CARDANO ETF UNDER SEC REVIEW – DECISION EXPECTED BY AUG. 2025

▪The SEC has officially started reviewing Grayscale’s Cardano ETF proposal for potential approval.

▪A final decision on the Cardano ETF is expected by August 2025 after the review process.

▪Polymarket shows a 62% chance of approval, rising from 51% in January 2025.

The U.S. Securities and Exchange Commission (SEC) has officially started reviewing Grayscale’s proposal for a Cardano (ADA) exchange-traded fund (ETF). If approved, this would be a major milestone for Cardano, making it easier for investors to gain exposure to ADA through traditional markets.

This move follows NYSE Arca’s request to list and trade shares of the Grayscale Cardano Trust on the stock exchange. With the SEC now reviewing the application, the countdown to a decision has begun – one that could shape ADA’s future in a big way. A final ruling is expected within 180 days.

So, will Cardano join the ranks of crypto assets with an approved ETF? And what could this mean for ADA’s price and market adoption? Here’s what you need to know.

Cardano ETF Review Begins

On February 24, 2025, the SEC formally accepted NYSE Arca’s application, marking the start of the review process. The request was originally submitted on February 10, 2025. If approved, this ETF would allow investors to gain exposure to Cardano (ADA) through a regulated platform without needing to hold the cryptocurrency directly.

A Cardano ETF would make it easier for investors to buy and sell shares tied to ADA’s price. This could attract more traditional investors and increase ADA’s accessibility in a secure and regulated environment.

Approval Odds Are Rising

The chances of a Cardano ETF approval in 2025 are improving. Polymarket, a decentralized prediction platform, now estimates a 62% likelihood of approval, up from 51% in January. The SEC’s recent acknowledgment of multiple crypto ETF filings, including Grayscale’s XRP ETF, has contributed to this growing optimism.

How It Could Impact ADA’s Price

A Cardano ETF could boost demand by attracting institutional investors, potentially driving up ADA’s price. Analysts believe that as long as ADA holds support between $0.67 and $0.81, further gains are possible. However, if it falls below this range, downward pressure could follow.

At the moment, Cardano is trading at $0.68, with a market capitalization of $24.16 billion. Its trading volume has surged by 81.15%, reaching $1.08 billion, reflecting growing market interest.

@ Newshounds News™

Source:  Coinpedia

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News, Rumors and Opinions Tuesday 2-25-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 25 Feb. 2025

Compiled Tues. 25 Feb. 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 25 Feb. 2025:

Sun. 23 Feb. 2025 Trump’s Plan For Income Taxes: Republican lawmakers have reignited debates surrounding the U.S. tax system. Rep. Buddy Carter introduced the “Fair Tax,” aiming to replace income taxes with a national sales tax. https://www.msn.com/en-us/money/taxes/here-s-trump-s-plan-for-income-taxes/ar-AA1zCAKf?ocid=hpmsn&cvid=adc07a488f5d4a49e7981baaf3429150&ei=42

Mon. 24 Feb. 2025 Payout for Tier Groups involved in the RV:

The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.

A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!

Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA.

Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.

Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5 The general public who never paid attention to the Intel.

The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.

It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons.

Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith. 

Read full post here:  https://dinarchronicles.com/2025/02/25/restored-republic-via-a-gcr-update-as-of-february-25-2025/

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

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

Frank26  They have had a multitude of exchange rates to study and experiment with over the last seven years.  They've done a great job of it.  We call it a second set of books.  It as actually more than that.  It was called the RV phase, the revaluation of the Iraqi exchange rate to determine what rate they should use.  It turns out the rate was pretty high but logic will cause them to come out at a decent rate maybe 1 to 1  or just do the RI right away at $3+.  Eventually the float should take it to $4+ IMO.

Militia Man  An agreement has been reached and confirmed to resume the export of [Kurdistan] oil.  IMO they're not going to use 1310 as a value basis for this to happen.  They're going to have to have an IMF multi currency practices rule and compliance issue stopped... They're going to need a Real Effective Exchange Rate in dinar terms for this to happen.  If this holds true, a change is to be coming...

“Off the Radar”: A Mystery Entity Wants Their Gold NOW!

Daniela Cambone:  2-24-2025

"Someone, somewhere is asking for delivery… and those bars are being delivered. What they're doing with them, we don't know,” says Clive Thompson, retired Managing Director of Wealth Management at Union Bancaire Privée (UBP).

He sits down with Daniela Cambone to discuss the unprecedented surge in gold futures premiums, record-breaking delivery requests, and the growing uncertainty in the gold market. “We’ve never seen COMEX investors demanding delivery of 70,000 bars.

It’s completely off the scale and completely abnormal,” Thompson warns.

 He breaks down why gold isn’t necessarily “running out” but how skyrocketing demand could lead to price spikes, shortages, and delays in acquiring physical gold.

Chapters:

00:00 COMEX gold transfers

6:15 Gold delivery

8:32 China gold demand

15:12 Inflation

17:54 Money printing

22:28 Gold price

27:54 National debt

 31:55 Auditing Fort Knox gold

35:49 Currency reset

https://www.youtube.com/watch?v=_ZAxMSbE-90

Dr. Judy Shelton: Where is all the Fed’s Monday Going?

Dr. Judy Shelton:  Where is all the Fed’s Monday Going?

Liberty and Finance:  2-24-2025

In a recent discussion with Liberty and Finance, Dr. Judy Shelton, former economic advisor to President Donald Trump and author of “Good as Gold: How to Unleash the Power of Sound Money,” delivered a powerful argument for a return to honest money, framing it not just as an economic necessity but as a moral and constitutional imperative.

Shelton, a long-time advocate for sound monetary policy, argues that the Federal Reserve’s current approach, particularly its focus on “stable inflation,” fundamentally betrays the principles of true monetary integrity.

Shelton’s core argument hinges on the idea that the Federal Reserve’s inflation targeting directly erodes purchasing power. While the Fed aims for a moderate level of inflation, Shelton argues that this constant devaluation of the currency disproportionately harms those with lower incomes and fixed savings, exacerbating wealth inequality.

In essence, she posits that the pursuit of “stable inflation” is a government-sanctioned theft of wealth from ordinary citizens.

Drawing on historical examples, Shelton champions a return to a gold standard as a potential remedy for the current monetary malaise.

She argues that a currency linked to gold, unlike the fiat currency controlled by the Federal Reserve, provides a natural check on government spending and prevents the excessive printing of money that leads to inflation.

 A gold standard, according to Shelton, fosters greater price stability and encourages long-term economic planning.

Moreover, Shelton raises concerns about the accuracy of official government inflation statistics, suggesting they often paint a misleading picture of the true economic situation faced by everyday Americans. She believes that these flawed metrics lead to misguided investment decisions, ineffective government policies, and a general lack of transparency about the real state of the economy.

Shelton’s message is a call to action for radical reforms and increased public awareness. She believes that restoring monetary integrity requires a fundamental shift in how we perceive money and the role of the Federal Reserve.

Holding the Fed accountable and demanding sound monetary policy, she argues, is essential for safeguarding the economic future of individuals and the nation as a whole.

Ultimately, Dr. Judy Shelton’s perspective offers a compelling challenge to the status quo, urging a critical re-evaluation of our monetary system and advocating for a return to principles of honesty, transparency, and stability in our currency.

Her call for a return to sound money is not just about economics; it’s about upholding fundamental principles of fairness and accountability that underpin a just and prosperous society.

https://youtu.be/R4b8xiZefAA

“Coffee With MarkZ” Tuesday Morning Chat 2-25-2025

PDK Note: I am suffering from medical issues today ….so only catching minimal RV related notes. Please listen to the replay for all the information

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

MZ: This could be a tumultuous week. There is lots of information going back and forth with lots of bond meetings today and this evening all around the globe. I am really hoping for steller news later on…

MZ: I think we are hearing many rumors because things are in process.

MZ: I am getting more confirmations from bond folks with final contracts and meetings happening all throughout the day today. I am very hopeful we are about to have some exceptionally clear indicators from this.

MZ: Almost all my historic bonds contacts are expecting conference calls with updates today on their status. I have never seen this much activity. At least not in a very long time.

MZ: Instructions, updates, meetings and conference calls are ripping through and preparing the historic bond markets….They appear to be on the precipice of completion.  

Member: with all this bond news- is February still possible?

MZ: It’s still possible, but we are at the end of it so things may bleed into March. To me things have already started according to things I am hearing.

​​Member: Frank26 said diner on CBI website was $3.22 for about 5 minutes

Member: Great interview with Dr. Judy Shelton on gold backed money from Liberty and Finance last night

MZ: Yes Dr. Shelton is openly talking about the coming reset, sound money, gold backed currency and gold backed bonds.

MZ: “Iraq reiterates Opec pledge ahead of restart of Kurdistan oil exports”  400,000 barrels a day are headed back into the market soon . they are inspecting and taking the pipeline out of mothballs as we speak.

MZ: “MP reveals the date of the resumption of oil exports from the Kurdistan region” they are shooting for very early in March. But if repairs on the pipeline are required…it may not be until mid March.

MZ: “ The return of exports and the absence of revenues-The oil file with Kurdistan opens a new page”  All of this is happening right now and is part of the HCL.

MZ: “Iraq announces new security agreement to Trump administration” Iraq is proposing a security agreement with the US. Working together as partners for security throughout the middle east….this is big. Its exciting to see Iraq become a sovereign independent country. It now needs a new rate.

Member: (From Dinar Guru)  Mnt Goat   Article:  "EXCLUSIVE: FIVE IRAQI BANKS TO BE BANNED FROM US DOLLAR TRANSACTIONS"  so it’s not 15 banks, only 5 from engaging in US dollars. These are the CBI restrictions and NOT US sanctions imposed on the banks in Iraq.  I repeat NOT US sanctions! Many of these Iraqi news media outlets luv to exaggerate and tell you these are US sanctions. This is called FAKE news. Yes, even in Iraq.

MZ: This is spot on. They love to exaggerate. Every nation deals with fake news about politics.

Member: March 4, which used to be inauguration day, is the state of the Union. Wouldnt that be the perfect moment to announce NESARA?

Member: Thanks Mark and mods…..enjoy your day everyone.

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!

Youtube:     https://www.youtube.com/watch?v=wvejrI886rE

Iraq Economic News and Points to Ponder Tuesday AM 2-25-25

Outside The Debt Circuit
 
Economic 2025/02/24  Bashir Khazal  For many years, external debt formed a great burden on the treasury of the Iraqi state, to pay the debts of countries, banks and global organizations, due to the absurd wars that have rolled over the country since the eighties The state's revenues are mortgaged in a large part to pay that debt.
 
However, the rotation towards an effective and successful economic policy in the recent period led to the enforcement of Iraq from the largest part of it, and it has become out of the danger of banks and creditors abroad.

A step in the right direction is calculated for the current government in its program for developing the Iraqi economy.
 
For the first time, the Iraqi state gets rid of the burden of external debt that it has set economically after the war from the year 1980 to the present time.
 
Currently, the remainder of debts to international parties constitute only less than 9 billion A dollar is from now to the year 2028, and
 
the ratio of this debt compared to GDP does not constitute a burden on the state,
 
It constitutes what is 5 percent of GDP, and the
 
global standard allows 60 percent of GDP to be external debts.
 
At this stage, Iraq has become a well-fortified country in the place of external debt.
 
More precisely that it has become outside the dangers of external debt, which gives the country high credit in the field of global credit rating,
 
with an integrated coordination between the Central Bank of Iraq and the Ministry of Finance in paying debt dues, whether debt services are "benefits and installments" or pay the debts once",
 
It is also calculated to perform these economic institutions that were able to take good steps despite the presence of corruption cases from here and there, the
 
government is still working to fight it. By all means, exercising successful policies by public finances in the subject of debt, through the
 
     financial strengthening of external debt extinguishing, and
     borrowing in a lower rate,
 
which led to positive results that reflected its reality on the entire Iraqi economy, and by 2028 the external debts will remain due.
 

Steps in the right direction in the government's economic policy that supports its foreign policy, and
 
Iraq has the opportunity to turn into the most important global economic country,
especially since foreign investments put its eye that Iraq is a country of diverse resources and raw materials necessary for a large strategic industries that enter a large part of it in the field of energy production.
 
Despite the difficult crisis and conditions that the region and the regional environment in particular, we see that
 
Iraq also succeeded to distance itself as a country away from the conflicts and wars that can deplete its wealth, capabilities and human and natural resources, as
 
the successful policy is that the decision is correct and effective in crises and returns to it. Multiple-sided benefits in the present and future.    https://alsabaah.iq/110621-.html   

Cooperation Between Iraq And The ITIC Center To Promote Tax Reform
 
Economic 2025/02/24   Baghdad: Hussein Thaghab  In a move that is a qualitative shift towards promoting tax reform, an Iraqi local institution signed a strategic cooperation agreement with the International Center for Taxes and Investment (ITIC) in Washington, with the aim of supporting efforts to reform the tax system in Iraq.
 
This agreement, signed by the "Asset" organization, came at a time when the data showed the increase in tax revenues during the year 2024 to more than 3.5 trillion dinars, which reflects a remarkable improvement in managing this vital sector.
 
The Chairman of the tax reform committee, Counselor Dr. Abdul Hussein Al-Anbaki,
 
the agreement as an "important step towards reforming the tax system in Iraq", stressing that
 
cooperation with ITIC represents a qualitative shift in the reform process.  Al-Anbaki told Al-Sabah:
 
“The International Center provided a team of full -time experts specializing in tax reform to
 
     study the current reality of taxes in Iraq, and work to
     reform the pillars of this sector.” He added:
 
“Our goal is to build a fair and transparent tax system,
 
     dependent on best practices International, and
     contributes to strengthening the investment environment and
     supporting the national economy." 

He continued:  "We pay great attention to the private sector, as we seek to attract investments by providing an ideal environment.
 
Our supreme goal is to raise the contribution of the private sector to GDP in greater proportions."
 
For his part, Khaled Al Jabri, head of the "Assets" organization and member of the Higher Committee for Tax Reform in Iraq, described
 
this partnership as "an important and strategic step towards strengthening international cooperation in the field of tax and investment reforms in Iraq."  Al-Jabri told Al -Sabah:
 
 “This cooperation contributes to achieving a more transparent and sustainable economic environment, and enhances non-oil revenues by improving the business environment, especially for foreign companies operating in Iraq or that wish to enter the Iraqi market.”  He added:
 
"This cooperation works to provide the Iraqi government with the expertise necessary to
 
     achieve growth in all areas of the economy, and to  enhance non-oil national imports at the expense of oil imports."

Al-Jabri pointed to the growth of tax revenues in Iraq, as the year 2024 witnessed the investigation of tax revenues of 3.755 trillion dinars, stressing that
 
the work continues to address the main problems that hindered the performance of the tax system for a long time. He revealed that the coming days will witness the treatment of three main problems that have burdened the taxpayers, the
 
 first of which is the problem of similarity of names, which are being addressed through an advanced digital system that prevents procedural errors.
 
     Inquiry about the taxpayers will also become completely digital, which facilitates the knowledge of the tax situation without the need to review the body. In addition,
 
     inquiries about companies will become an electronic available for government departments, which enhances transparency, encourages investment and speeds up procedures."  He pointed out that the
 
role of the Supreme Committee for Tax Reform in achieving growth is clear, as the Supreme Committee for Tax Reform contributed directly to improving revenues,
 
by organizing the tax administration within the General Tax Authority, which      
 
  helped reduce corruption and
  celerate the completion of transactions, and
  issue motivational decisions such as exempting the taxpayers Of fines and benefits, which encouraged them to pay the dues.      https://alsabaah.iq/110620-.html 

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

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

Good Morning Dinar Recaps,

BIG NEWS: SEC PLANS TO CUT 10 REGIONAL OFFICE LEADERS AS PART OF DOGE-DRIVEN COST-CUTTING PLAN

The U.S. Securities and Exchange Commission (SEC) plans to remove the top leaders at its 10 regional offices as part of a broader cost-cutting initiative. As reported by Reuters, according to sources familiar with the matter, the SEC informed directors across these offices on Friday that their positions will be eliminated as part of a plan set to be submitted next month.

This move is part of a larger push for cost reductions under the Trump administration, which has been focused on purging federal agencies and cutting expenses. The SEC, which oversees the U.S. capital markets, is responding to pressure from President Donald Trump to reduce staff and expenses.

SEC leaders have been asked to suggest major budget cuts. As part of cost-cutting, a new department DOGE, led by Elon Musk is involved, and Musk has demanded federal employees list their recent accomplishments or risk being fired.

The decision to eliminate the regional directors, which requires approval from the three-person SEC commission, comes as the agency has already started scaling back its crypto enforcement efforts.

The SEC has offices from San Francisco to Miami, where officials lead investigations into public companies, brokers, and investment advisers. These directors play a crucial role in enforcement and examination decisions, making their removal a significant change within the agency.

 The reorganization plan will be submitted by SEC leaders, including Acting Chairman Mark Uyeda, and is expected to focus on restructuring operations to improve efficiency.

Reacting to the same, former SEC lawyer Marc Fagel said, “It’s almost like the head of DOGE, previously charged with securities fraud and currently the defendant in an ongoing SEC enforcement action, isn’t entirely free of conflicts in dismantling the SEC’s effectiveness.”

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

OHIO INTRODUCES BILL PREVENTING STATE TAXES ON CRYPTO PAYMENTS

The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining.

Lawmakers in the US state of Ohio have introduced a bill that prohibits the state legislature from imposing taxes on digital assets when used as a payment method.

Ohio House Bill 116, introduced on Feb. 24 by Representative Steve Demetriou and co-sponsored by Tex Fischer, Brian Lorenz, Ty D. Mathews, Riordan McClain and Josh Williams, aims to amend existing legislation preventing municipalities from imposing extra taxes or fees on crypto assets beyond those applied to traditional fiat transactions.

“The general assembly shall not enact a bill that proposes to impose a fee, tax, assessment, or other charge on digital assets used as a method of payment for goods and services,” it reads.

The bill defines “digital assets” as cryptocurrencies, stablecoins and non-fungible tokens.  

The bill clarifies that taxes usually applied to legal tender, such as state or sales taxes, would still apply to crypto transactions, but there should be no new levies.

The “Ohio Blockchain Basics Act” also stated that no state agency or political subdivision may prohibit individuals from accepting crypto assets as payment for goods and services.

Right to self-custody, crypto mining

The bill also lets its residents retain the right to self-custody their digital assets using hardware or self-hosted wallets and partake in crypto staking.

Additionally, activities such as mining, staking, and exchanging crypto assets for other crypto assets do not require “money transmission” licensing under existing Ohio laws.

Individuals are also permitted to engage in crypto mining in residential areas if they comply with local zoning regulations. Meanwhile, mining businesses are explicitly allowed in industrial zones and cannot be unfairly targeted by local zoning changes.

Under the proposed legislation change, Ohio state retirement funds will also be required to evaluate the potential risks and benefits of investing in a crypto exchange-traded fund and report back to the General Assembly within a year.

Ohio representatives have been proactive with crypto-related bills in recent months. In September, Ohio Senator Niraj Antani introduced a bill requiring the state to accept cryptocurrency for payment of state taxes and fees.

In December, Ohio House Republican leader Derek Merrin introduced HB 703, aiming to establish a strategic Bitcoin reserve for the state.

Meanwhile, Ohio Senator Sandra O’Brien introduced another bill in February to create an “Ohio Bitcoin Reserve Fund,” with a five-year hodling period.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

SOUTH DAKOTA FOLLOWS MONTANA'S LEAD, THROWS WATER ON BITCOIN RESERVE PLANS

While South Dakota lawmakers rejected the bill citing volatility concerns, Rep Logan Manhart plans to push for its revival next year.

South Dakota lawmakers dealt another blow to Bitcoin advocates on Monday when they voted to axe a bill that would have allowed the state to invest in Bitcoin.

In a key move, the House Commerce and Energy Committee voted 9-3 to defer HB1202 until the 41st day of the session, a procedural decision that effectively killed the bill, as the session concludes in no more than 40 days.

South Dakota’s decision follows a similar outcome in Montana, where lawmakers shot down a Bitcoin reserve bill in a 41-59 vote last week.

The proposal, introduced by State Representative Logan Manhart (R-S.D.), sought to permit the state to allocate up to 10% of its public funds into Bitcoin investments as a way to diversify its financial portfolio.

"It’s a commonsense update to South Dakota’s investment strategy by allowing a limited allocation of state funds into alternative assets that have consistently proven to preserve value, particularly in inflationary environments," Manhart said, as cited in the South Dakota Public Broadcasting report.

Matt Clark, South Dakota’s State Investment Officer, raised concerns about Bitcoin’s volatility and lack of intrinsic value.

@ Newshounds News™

Source: Decrypt 

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 2-25-2025

TNT:

Tishwash:  As the world's largest buyer of gold, Iraq ranks seventh

The World Gold Council announced today, Tuesday, that “Iraq ranked first among Arab countries in purchasing gold.”

He said in a statement, "The volume of Iraq's gold purchases in 2024 amounted to about 20.1 tons, and thus these reserves amount to 152 tons, while Iraq's gold purchases in 2023 were about 12.3 tons."

The council added, "Qatar came in second, followed by the UAE in third, Azerbaijan in fourth, China in fifth, and the Czech Republic in sixth."  link

Tishwash:  Urgent | Oil Minister: We look forward to resuming exports from Ceyhan within two days

Oil Minister Hayan Abdul Ghani confirmed today, Monday, the readiness of the export pipeline to the port of Ceyhan, while there are discussions with the Turkish side to resume exports within the next two days.

Abdul Ghani said in a press statement followed by “Iraq Observer”, “The ministry continues to export oil through the southern outlet in Basra port and Basra oil port.”

He added, "The ministry is now in discussions and correspondence with the Turkish side to resume exports," indicating that "once the Turkish side's approval arrives, exports will resume."

Abdul Ghani expressed his hope that “exports will resume within the next two days,” stressing that “the oil export pipeline to the Ceyhan oil port is ready, and there are some technical matters that need to be reorganized to resume exports.”

He stressed that "the agreed quantity for export through the Kurdistan Region, according to the budget law, ranges between 300 and 325 thousand barrels per day, part of which is used for local consumption, while the rest is exported."  link

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

Tishwash:  After a "difficult labor", the 2025 budget tables finally find their way to the Council of Ministers

A responsible source in the Iraqi Ministry of Finance stated on Monday that the delay in sending the federal budget tables to the Council of Ministers is related to amendments to Article 12 of the Budget Law.

The Iraqi parliament recently approved an amendment to the general budget related to Article 12, which settles a dispute between the Kurdistan Region and the federal government over receiving the region’s oil.

In summary, the Iraqi Parliament voted in June 2023 on the draft general budget law for the fiscal years (2023, 2024, 2025), to approve special budget tables for those years, which will be sent by the Iraqi government to Parliament for voting.

The government source told Shafaq News Agency, "The Ministry of Finance has been working for some time on preparing the general budget tables for the year 2025, in order to send them to the Council of Ministers for approval."

He pointed out that "the Ministry of Finance will finish preparing the tables and send them to the Council of Ministers for voting on them in the middle of next month," noting that "the Council of Ministers will vote on the tables without delay and then send them to the House of Representatives for voting on them."

The Federal Ministry of Oil announced yesterday, Sunday, the completion of the necessary procedures to complete the export of oil produced in the Kurdistan Region via the Turkish port of Ceyhan, stressing that this step comes in accordance with the mechanisms specified in the budget law and its amendment, and within the production ceiling set for Iraq in the OPEC organization.

The Kurdistan Regional Government's negotiating delegation responded to the Ministry of Oil's announcement by calling on the federal government to implement its obligations before proceeding with the oil export process.

The delegation explained that despite the regional government’s confirmation of its commitment to implementing the first amendment law to the federal general budget law, which relates to re-exporting oil produced from the region’s fields to the Turkish port of Ceyhan via SOMO, implementing the law requires agreement on several basic points, including determining the quantities allocated for local consumption in the region, in line with actual needs, similar to the rest of Iraq, and establishing a clear and specific mechanism for paying the dues of production and transportation companies to the regional government, in accordance with what is stated in the law. link

Mot: .. What an Interesting idea!!!! 

Mot: . Ya Knows - When I'm Bored 

MilitiaMan & Crew-Iraq Dinar News-Global Transformation-Census Distribution Fairly-Financial Balance-Oil Flow

MilitiaMan & Crew-Iraq Dinar News-Global Transformation-Census Distribution Fairly-Financial Balance-Oil Flow

2-24-2025

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=BbdNq5fU0dU

Iraq Economic News and Points to Ponder Monday Evening 2-24-25

Gold Retreats From Highs

Arabic and international   Economy News - Follow-up  Gold prices retreated on Monday from an all-time high hit during trading, supported by concerns about US President Donald Trump's plans to impose new tariffs, while investors' focus turned to a key report on inflation in the United States, due later in the week.  Spot gold fell 0.09% to $2,937.30 an ounce, while futures fell 0.03% to $2,951.90.

The precious metal hit an all-time high of $2,954.69 on Thursday.

Tariff concerns

Trump said last week he would announce new tariffs within the next month or so, adding lumber to his previous plans to impose duties on autos, semiconductors and pharmaceuticals.

This comes on the heels of additional tariffs, including a 10% tax on Chinese imports and a 25% duty on steel and aluminum.

Investors are closely watching the path of interest rates in the United States, where Trump’s policies are seen as inflationary. Rising inflation could prompt the US Federal Reserve to keep interest rates high, reducing the appeal of gold as a non-yielding asset.

Markets are looking ahead to the Federal Reserve's preferred measure of inflation, the personal consumption expenditures index, due out on Friday, to determine the future direction of US monetary policy.    https://economy-news.net/content.php?id=52964

Stability Of Oil Prices In Global Markets

Economy | 05:05 - 02/24/2025   Mawazine News – Economy  Oil prices stabilized during the session, Monday, the beginning of trading in the week, as investors awaited any clarifications regarding the talks to end the war between Russia and Ukraine.

Brent crude futures rose 0.5 percent to $74.56 a barrel, while US West Texas Intermediate crude also rose by 0.014 percent to $70.51 a barrel.

Brent and US West Texas fell by more than $2 a barrel on Friday, with the former recording a weekly decline of 0.4 percent and the latter 0.5 percent.

All eyes remain on the talks to end the Russia-Ukraine war, which is entering its fourth year.

Sanctions imposed by the United States and the European Union on Russian oil exports have limited its shipments and disrupted the flow of oil supplies transported by sea, and global energy supplies are expected to increase in the event of a peace agreement and the lifting of sanctions. https://www.mawazin.net/Details.aspx?jimare=259822

Find Out The Dollar Prices In The Iraqi Markets At Closing

Economy | 05:54 - 02/24/2025   Mawazine News – Economy   The dollar prices against the Iraqi dinar witnessed a decline today, Monday, in the markets of the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, coinciding with the closing of the stock exchange.

The dollar prices decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 149,000 dinars for every 100 dollars, while the prices recorded this morning were 149,350 dinars for every 100 dollars.

As for the selling prices in exchange shops in the local markets in Baghdad, they stabilized, as the selling price reached 150,000 dinars for every 100 dollars, while the purchase price reached 148,000 dinars for every 100 dollars.

As for Erbil, the dollar also recorded a decline, as the selling price reached 149,050 dinars for every 100 dollars, and the purchase price was 148,950 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=259824

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

5 Bad Financial Habits Americans Don’t Realize Cost Them Thousands

5 Bad Financial Habits Americans Don’t Realize Cost Them Thousands

Emily Fowler  Mon, February 24, 2025 GOBankingRates

More Americans are focusing on their finances in 2025 than they have in the past 10 years, according to a recent study from Allianz Life. But while many plan to improve their financial stability, stress levels around finances are still high, with only 16% of people saying they’re less stressed than last year.

Here are five financial habits that could be contributing to those stress levels and costing thousands.

 Excessive Spending on Nonessentials

An occasional treat isn’t the problem. It’s the frequent, mindless purchases that add up. The study found 30% of Americans admit to spending too much on things they don’t need. Anything from online impulse buys to yet another unused subscription can snowball.

Take that coffee habit. Say you buy a $4.75 coffee every week day. That will cost over $1,000 a year. With coffee prices increasing after having just reached an all-time high, according to Business Insider, that habit could cost even more in 2025!

Neglecting Savings

A significant 28% of Americans save nothing, while 27% save less than they could, per Allianz. Without a habit of consistent saving, even a minor financial setback can lead to debt. And with 49% worrying about their income and retirement income, a lack of savings can be added stress.

Automating transfers to a savings account ensures money is set aside before it’s spent, and even starting with small, regular deposits builds up over time.

Carrying Credit Card Debt Too Long

High-interest debt is a financial sinkhole, yet 23% of Americans aren’t paying down debt fast enough, according to the study. Interest charges quickly inflate balances, making it harder to get ahead. The average credit card interest rate as of Feb. 17 was 28.7%, according to the Forbes Advisor weekly credit card rates report.

Making monthly payments of $200 on a credit card balance of $7,500 with a 28% interest rate (APR) would take nearly eight years to clear and mean more than $10,000 in interest paid.

TO READ MORE:  https://finance.yahoo.com/news/5-bad-financial-habits-americans-170051610.html