
Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-11-25
Good Evening Dinar Recaps,
MOMENTUM BUILDS IN WASHINGTON TO PASS STABLECOIN LEGISLATION, MARKING A 'MOMENT FOR US HERE IN CONGRESS NOW TO ACT'
▪“There is a moment for us here in Congress now to act,” said Rep. Bill Huizenga, R-Mich., during a House committee hearing on Tuesday.
▪A stablecoin bill is set to be marked up in the Senate Banking Committee on Thursday.
Good Evening Dinar Recaps,
MOMENTUM BUILDS IN WASHINGTON TO PASS STABLECOIN LEGISLATION, MARKING A 'MOMENT FOR US HERE IN CONGRESS NOW TO ACT'
▪“There is a moment for us here in Congress now to act,” said Rep. Bill Huizenga, R-Mich., during a House committee hearing on Tuesday.
▪A stablecoin bill is set to be marked up in the Senate Banking Committee on Thursday.
Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill on Tuesday. The Senate committee will also assemble in the coming days to take a vote on proposed stablecoin rules.
This is the moment for Congress to act, said Rep. Bill Huizenga, R-Mich., on Tuesday during a House Financial Services Committee hearing focused on stablecoins and central bank digital currencies. Huizenga cited the Trump administration's actions over the past few weeks, including a White House crypto summit last week.
"There is a moment for us here in Congress now to act, and as legislators, it's ultimately up to us to provide the regulatory clarity needed to ensure that the U.S. dollar remains the dominant reserve currency, and I believe stablecoins can do that," Huizenga said.
Lawmakers have legislation teed up in both the Senate and House to tackle stablecoin regulation. A handful of bipartisan legislators have been working to pass a stablecoin bill for years.
However, like all previous congressional acts to advance crypto regulation, these various attempts had stalled out. Fifty days into Donald Trump's presidency, however, Congress is seemingly making crypto a priority — including by investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."
In February, House Financial Services Committee Republican Chair French Hill, R-Ark., alongside Rep. Bryan Steil, R-Wis., released draft legislation to regulate stablecoins. That draft, called the STABLE Act, builds on work done over the years in the committee beginning in 2022.
A sticking point for a previous draft was a provision that would have allowed state regulators to approve stablecoin issuances without Federal Reserve input.
The new bill differs slightly from the previous stablecoin bill. For example, it gives the Office of the Comptroller of the Currency the authority to "approve and supervise federally qualified nonbank payment stablecoin issuers " instead of including a federal path through the Federal Reserve for "payment stablecoin issuers."
Work is also underway in the Senate. Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins called the "Guiding and Establishing National Innovation for US Stablecoins," dubbed the GENIUS Act. Though it is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.
That bill is set to be marked up in the Senate Banking Committee on Thursday.
Ron Hammond, senior director of government relations at the Blockchain Association, called all the action "Stablecoin Spring" and said Congress is set on getting a stablecoin bill across the finish line.
"The House hearing today showed most of the Democrats and all the Republicans largely supporting the measures in the STABLE Act," Hammond said in a statement to The Block.
"That same bipartisan spirit will likely be reflected in Thursday’s Senate Banking markup of the GENIUS Act. This will be set the stage for a comprehensive vote on the combined product, the STABLE GENIUS Act, sometime in the next two-to-three months.”
House hearing unfolds
In the House, lawmakers also heard from experts, including Paxos CEO Charles Cascarilla, Global Head of Digital Assets at The Bank of New York Mellon Corporation, among others, on Tuesday.
Rep. Ritchie Torres, D-N.Y., who has shown support toward crypto, compared digital assets to cars.
"The proper legislative response to the automobile is not to ban it, it's not to sabotage it, it's to regulate it," Torres said. "It's to make it safer. And as far as I'm concerned, the proper role of Congress is not to sabotage digital asset transactions, but to make them safer, to strike a careful balance between financial stability and innovation."
Some Democrats revealed hesitancy toward Republican-led stablecoin bills.
Top Democrat Rep. Waters of California criticized Trump over the launch of his memecoin and his executive order creating a strategic bitcoin reserve.
"Despite my belief that the Trump administration only wants crypto legislation that personally benefits them and protects their crypto financiers — I still hope we can work together on a bill that requires stablecoins be robustly and fairly regulated," Waters said.
The current Republican-led bill at play "strips away critical protections to shield investors from criminals," she added.
Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act during Tuesday's hearing and said it needed to be amended "vigorously."
"I read the GENIUS Act over in the Senate — I'm a little weary about anything called genius coming out of the United States Senate — but there were so many problems with that and I'm hopeful, hopefully my colleagues, Mr. Hill, and others will amend that vigorously because it had huge, huge problems," Lynch said.
@ Newshounds News™
Source: The Block
~~~~~~~~~
BRICS TRADE AGREEMENT LOOKS TO END THE PETRODOLLAR’S DOMINANCE
There is no denying that 2025 has seen tension between the West and the Global South reach a fever pitch. That is only expected to continue throughout this year, as a plethora of BRICS trade agreements look to end the petrodollar’s dominance.
The economic alliance has spearheaded efforts to increase trade settlements in local currencies. Moreover, that should continue to extend into the oil industry, which may only increase the growing geopolitical uncertainty between the United States and the bloc.
BRICS Eye an End to the Petrodollar: How Will Donald Trump Respond?
Since his 2024 presidential election win, Donald Trump has placed a clear target on the BRICS alliance. Their previous efforts to de-dollarize global markets led the President to threaten 150% tariffs on membership nations. Yet, that has not deterred its continued pursuit of US dollar alternatives in a host of sectors.
Moreover, that hasn’t limited the attractiveness of the BRICS bloc for developing nations.
Three new nations have been invited to the bloc’s annual summit, all of which are eyeing a position in the collective. Moreover, their presence could only further efforts for BRICS to use new trade agreements to end the petrodollar’s dominance.
Due to the presence of sanctions, Russia pivoted into oil trade settlement currencies in 2022. Specifically, 78% of oil exports to fellow BRICS members China and India were in local currencies over the two years that followed. Comparatively, just 32% were settled in local currencies in 2021.
The alliance’s hopes of de-dollarizing the oil market can be clearly seen in the allies it has embraced. Since the arrival of BRICS+, it has welcomed Saudi Arabia, the United Arab Emirates (UAE), Egypt, and Iran. Those nations are some of the top oil producers in the world. Moreover, many stand to also see the petrodollar cease to hold as much dominance as it does.
If it were successful, it would be a monumental blow to the United States. The BRICS bloc holds more than 40% of the world’s oil and gas reserves Although 58% of currency reserves are still held in the greenback, it presents a key point of conflict that is building on already concerning relations between BRICS and the US.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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FRANK26….3-11-25…..SOFTWARE
KTFA
Tuesday Night Conference Call
FRANK26….3-11-25…..SOFTWARE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Tuesday Night Conference Call
FRANK26….3-11-25…..SOFTWARE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION
Tuesday Evening News With MarkZ 3-11-2025
Tuesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Mark, Red means you are all Fired Up and Ready To Go
Member: looks like this snowball is picking up speed…..
Tuesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Mark, Red means you are all Fired Up and Ready To Go
Member: looks like this snowball is picking up speed…..
Member: Any updates on bond holders exchange apts
MZ: Probably the best news so far…… Fortunately it came from more than one source…
MZ: We have private, individual bond holders that are now receiving their travel funds to go and get their exchanges done….This is HUGE.
MZ: We have seen them send dollars to paymasters or larger facilitators…..but today is the first time I have tracked a couple of sources or individuals who have been given their dollars to go handle their bond exchanges.
MZ: This is an absolute first and downright awesome.
MZ: in Iraq: “ The mechanism on publishing data on the sale and purchase of foreign currencies” More proof on how they have changed the currency auctions. All their banking is going through global, international ;y accepted processes.
MZ: “Ministerial council discusses budget schedules and the local and global oil market” They are planning on how to deal with all the new realities in the world…and to make sure the pipeline pumps to support their currency and their country. .
MZ: “Iraq and UNAMI discuss mechanisms for implementing security council resolution 2732” What does this mean? The end of the UN involvement in Iraq……We were always told when we left in this copacity….We would be paid…..Well we are getting ready to leave in this capacity….so we should be paid.
MZ: in order to pay us they need a value change.
Member: Thanks for the great news Mark….everyone have a wonderful night
Mod: HELLO EVERYONE! WE HAVE A SPECIAL GUEST JOINING TONIGHT. JONATHAN OTTO! HE'LL BE TALKING ABOUT LIFE-CHANGING HEALTH PROTOCOLS. SHOULD BE INTERESTING!
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
Kick: https://kick.com/theoriginalmarkz
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!
FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
Iraq Economic News and Points to Ponder Tuesday Afternoon 3-11-25
Al-Alaq: Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.
Economy | 01:53 - 11/03/2025 Mawazine News – Baghdad The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.
Al-Alaq said in a statement: "The Central Bank is closely monitoring the movement of gold and currencies," noting that "part of diversification to ward off any risks is to have a percentage of gold reserves, especially in recent years, there have been continuous purchases."
Al-Alaq: Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.
Economy | 01:53 - 11/03/2025 Mawazine News – Baghdad The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.
Al-Alaq said in a statement: "The Central Bank is closely monitoring the movement of gold and currencies," noting that "part of diversification to ward off any risks is to have a percentage of gold reserves, especially in recent years, there have been continuous purchases."
He added that "Iraq today has 162 tons of gold, which is one of the highest reserves among Arab countries, and we are the fourth country in the size of the gold reserves we have." https://www.mawazin.net/Details.aspx?jimare=260122
Oil Prices Rise Slightly Despite Concerns Over Global Economic Slowdown
Tuesday 11 March 2025 | Economic Number of readings: 54 Baghdad / NINA / Oil prices rose slightly during trading on Tuesday, after reducing their previous losses, supported by the weakness of the US dollar, but gains remained limited amid continued fears of a possible economic recession in the United States, and the repercussions of customs duties on the pace of global growth.
Brent crude futures rose by 47 cents, or 0.68 percent, to record $69.75 a barrel, after witnessing a decline in early trading. "
West Texas Intermediate US crude futures rose by 42 cents, or 0.64 percent, to reach $66.45 a barrel, after declines recorded earlier in the session."
This slight rise came in conjunction with the dollar index falling to its lowest levels in four months, which contributed to supporting oil prices and making them less expensive for buyers holding other currencies. "
The two benchmark crudes recorded a 1.5 percent decline at the settlement yesterday, affected by market fears of a global economic slowdown." / End 2 https://ninanews.com/Website/News/Details?key=1191259
Dollar Continues To Decline As Iraq Stock Market Closes
11/03/2025 Mawazine News – Economy The US dollar exchange rates witnessed a decline today, Tuesday, in the markets of the capital Baghdad, and in Erbil, the capital of the Kurdistan Region, with the closure of the main stock exchange in the country.
The dollar prices decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where the exchange rate recorded 147,800 dinars per 100 dollars, while it recorded 148,200 dinars this morning.
As for the selling prices in the local exchange markets in Baghdad, it reached 148,750 dinars per 100 dollars, while the purchase price reached 146,750 dinars per 100 dollars.
In Erbil, the markets also witnessed a decline, where the selling price reached 147,700 dinars per 100 dollars, while the purchase price reached 147,600 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=260137
Minister Of Finance Stresses Importance Of Ongoing Partnership With World Bank
Economy | 11/03/2025 Mawazine News – Baghdad Finance Minister Taif Sami stressed, on Tuesday, the importance of the ongoing partnership with the World Bank.
The Ministry of Finance said in a statement received by "Mawazine News" that "Minister of Finance Taif Sami received the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation."
She added that "ways to enhance economic and financial cooperation between Iraq and the World Bank were discussed," noting that "a number of key topics related to enhancing financial stability in Iraq were reviewed, in addition to discussing the development projects that the two parties seek to implement with the aim of achieving sustainable development.
" The Minister of Finance stressed "the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas that include infrastructure and human development."
For his part, the World Bank representative expressed the bank's commitment "to continue supporting Iraq in achieving its development goals," noting that "the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved."
https://www.mawazin.net/Details.aspx?jimare=260129
Rashid To An American Newspaper: Iraq Is Ready To Mediate Between Washington And Tehran
Political | 05:27 - 11/03/2025 Mawazine News – Baghdad President Abdul Latif Rashid confirmed today, Tuesday, that Baghdad wants to play a mediation role between Washington and Tehran, while calling on US President Donald Trump to implement his promises regarding ending conflicts in the Middle East.
Rashid said in an interview with the American newspaper "Washington Times", that "Iraq has changed a lot from what it was in the days of Saddam Hussein, and the time of entering into conflicts and challenging the rights of other countries is over,"
adding that "some major companies, in the field of energy and others, are active here in petrochemicals and oil, and I do not think that we are facing a conflict with the United States, but on the contrary, we welcome all the help we can get from the United States, and we want to have a really good and friendly relationship with the United States."
He pointed out that "Iraq can play an important role in mediation because it is in constant contact with Iranian policy," indicating that "Iraq has no reservations about meeting senior Iranian officials, and has played a role in making Iran and the Kingdom of Saudi Arabia understand each other, and re-establishing the diplomatic service, which benefited everyone, and has also made some suggestions to Jordan and other countries."
Regarding Iraq's possible role in Syria, the president continued, saying, "It is clear that Syria is an independent state and has a new administration or new rulers, and we want the Syrian government to reflect the will of the Syrian people, either through elections or through the democratic steps that must be taken," stressing that "the Syrian administration must try to accommodate all segments of society, so that no one feels that he has been excluded or not treated as an ordinary citizen.
" He stressed that "there is one very important point for Iraq, which is the presence of large numbers of terrorists or families of terrorists on the Syrian border, and there is concern about that, and some arrangements must be made, so that the border does not get out of control."
In response to a question about whether the Iraqi president will receive an invitation to visit the United States, Rashid said, "I honestly do not know. I sent President Trump a congratulatory message and encouraged him to implement what he promised to maintain peace in the world, to end conflicts," noting that "life will not be easy, especially in our region, where we have conflicts in Syria, in Palestine, and we have problems in Lebanon, in Yemen, in Sudan, and in Somalia."
https://www.mawazin.net/Details.aspx?jimare=260136
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-11-25
Good Afternoon Dinar Recaps,
CIRCLE TRIMS USDC CROSS-CHAIN SETTLEMENT TIME DOWN TO SECONDS WITH PROTOCOL UPDATE
▪Circle, issuer of the world’s second-largest stablecoin USDC, has launched a protocol update it says reduces cross-chain transaction settlement time “to seconds,” compared to an average of 13 to 19 minutes for a typical blockchain transaction between Ethereum and Layer 2 blockchains.
▪According to Circle, the newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, improves upon the earlier version “with a new set of smart contracts and APIs.”
Good Afternoon Dinar Recaps,
CIRCLE TRIMS USDC CROSS-CHAIN SETTLEMENT TIME DOWN TO SECONDS WITH PROTOCOL UPDATE
▪Circle, issuer of the world’s second-largest stablecoin USDC, has launched a protocol update it says reduces cross-chain transaction settlement time “to seconds,” compared to an average of 13 to 19 minutes for a typical blockchain transaction between Ethereum and Layer 2 blockchains.
▪According to Circle, the newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, improves upon the earlier version “with a new set of smart contracts and APIs.”
Circle, issuer of the world's second-largest stablecoin USDC, unveiled a protocol update on Tuesday it says will reduce cross-chain settlement time from several minutes to a matter of seconds.
The company's newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, will improve upon CCTP V1 "with a new set of smart contracts and APIs," slashing cross-chain transaction settlement time from "an average of 13 to 19 minutes for a typical blockchain transaction" between Ethereum and Layer 2 blockchains to only seconds, according to a statement.
"CCTP V2 reduces the barriers that have hindered the fluid movement of digital dollars between supported blockchains," said Nikhil Chandhok, chief product officer of Circle, in the statement.
"CCTP V2 gives developers greater flexibility to tailor cross-chain transactions to their specific needs and unlocks low-latency use cases in crypto capital markets, effectively abstracting away cross-chain complexities for developers and their users."
As the USD-pegged stablecoin market, by most accounts, is poised to keep growing, improving transaction time could prove beneficial to Circle as competition potentially heats up in the coming months and years.
Out of the roughly $235 billion worth of USD stablecoins in circulation, Circle's USDC accounts for $58 billion, according to The Block Data Dashboard. USDC ranks a distant second to Tether's USDT, the clear market leader.
Avalanche, Base and Ethereum to begin with
Circle said CCTP V2 will initially be available for developers working on Avalanche, Base and Ethereum, but the plan is to add support for more blockchains as the year progresses. "CCTP V1 will remain available on 11 blockchains," Circle said, adding that since launched in 2023, "CCTP has facilitated more than $36 billion in transaction volume."
Some of CCTP V2's new features Circle highlighted on Tuesday include "Hooks," which it said makes it possible for developers "to automate post-transfer actions on the destination blockchain."
@ Newshounds News™
Source: The Block
~~~~~~~~~
BRICS: RUSSIA & IRAN ANNOUNCE NEW DEAL TO BOOST TRADE
Amid the ongoing tension between the US and BRICS, both Russia and Iran have announced a new deal to boost trade and cooperation. Indeed, both sides are expecting a surge in their partnership as things look increasingly uncertain for the alliance moving forward.
Throughout the year so far, the bloc has faced aggressive economic policy from the United States. Since being inaugurated, Donald Trump has not minced words regarding his feelings for the group. However, that has not seen the collective slow its ambitious growth efforts.
Russia & Iran Sign New Trade Deal as BRICS Faces Increased US Pressure
The last two years have seen the BRICS economic alliance embrace a massive growth effort. Indeed, they are continuing, with the alliance eyeing continued expansion in 2025. Moreover, it has held firm in its commitment to de-dollarization despite increased pressure from the United States.
Those efforts to fortify their alliance have continued for BRICS Monday as Russia and Iran have signed a new trade deal. According to a new report, both sides are expecting the increased cooperation to result in a “trade surge,” with cultural expansion to soon follow.
“Trade between Russia and Iran is generally demonstrating positive dynamics,” Ambassador Aleksley Dedov said. “We expect further growth in trade turnover at the end of this year,” he added. Indeed, they project a 15% increase in trade dealings over 2024. Moreover, a key emphasis on the increased trade is the decision for both sides to settle in local currencies.
That decision is yet another blow to the US dollar. President Donald Trump has not been kind to any de-dollarization efforts present globally. He has previously warned of 150% tariffs on nations that engage in the practice. It will be interesting to see if Russia and Iran are now subject to those threats.
@ Newshounds News™
Source: Watcher Guru and TehranTimes
~~~~~~~~
3/11/25 Isaac's Update Link
More encouraging news from Isaac. He has German and Yellow Dragon bonds. He has always said the German bonds will go first.
Settings have changed and you can no longer copy or forward. But you can read his comments in both his room and the Living room.
Basically he feels Good News is coming. He feels he will have confirmation of that soon.
Newshounds will continue to report what Isaac has to say so keep checking back with us.
Isaac's Room Link
Isaac Website Link
Announcement Link
Process Steps Link
@ Newshounds News™
~~~~~~~~~
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DJ: DID YOU KNOW? Basel Accords
DJ: DID YOU KNOW? Basel Accords
Lost in the conversation lately is, “What happened to the Basel Accords, are they being used, how many countries and their financial institutions are compliant or at least striving to be compliant ?”
The Basel Accords are a set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS) to enhance financial stability and strengthen risk management in the banking sector.
These accords aimed to ensure global financial stability by reducing systemic risks and enhancing banks’ ability to absorb financial shocks. Keep in mind these proposed regulations are voluntary not mandatory.
DJ: DID YOU KNOW? Basel Accords
Lost in the conversation lately is, “What happened to the Basel Accords, are they being used, how many countries and their financial institutions are compliant or at least striving to be compliant ?”
The Basel Accords are a set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS) to enhance financial stability and strengthen risk management in the banking sector.
These accords aimed to ensure global financial stability by reducing systemic risks and enhancing banks’ ability to absorb financial shocks. Keep in mind these proposed regulations are voluntary not mandatory.
The accords were first introduced through Basel 1 in 1988. Followed by Basel 2 in 2004 and Basel 3.5 (sometimes called Basel IV) that refers to the final revisions to Basel III, introduced by the Basel Committee on Banking Supervision (BCBS) in 2017.
While not an entirely new framework, these changes significantly alter how banks calculate risk-weighted assets (RWA) and capital requirements, leading some to call it Basel IV due to its major impact.
Originally set for 2022, the Basel IV reforms were delayed due to CoviD-19 and are now being gradually implemented, with full adoption expected by 2025 in many jurisdictions.
As of March 2025, the implementation of Basel IV regulations varies across different jurisdictions, leading to differences in compliance time-lines among financial institutions, While Basel IV does not officially exist as a separate accord, its significant changes to Basel III justify its informal nickname.
While many global financial institutions and countries have agreed in principle to adapt the regulatory framework, many are still in the process.
For example: the EU originally set a go-live date of January 1, 2025, for Basel IV. However, a partial delay has been announced, moving the implementation of certain components to January 1, 2026.
Other elements, including changes to credit risk, operational risk, and the output floor were implemented in January 2025. The UK has proposed implementing Basel 3.1 starting July 1, 2025, a shift from the original January 2025 deadline.
The US federal banking regulators are preparing to finalize the Basel IV regulatory framework. While specific implementation dates are pending, the finalized rules are expected to impact US financial institutions in the near future. Canada, on the other hand, has been proactive in adopting Basel IV, with the Office of the Superintendent of Financial Institutions (OSFI) setting initial compliance deadlines for the second quarter of 2023, indicating that many Canadian banks are already aligning with Basel IV standards.
Given these staggered time-lines, the number of financial institutions currently compliant with Basel IV varies by region. In jurisdictions like Canada, where earlier deadlines were set, a significant number of banks have likely achieved compliance. In contrast, in regions with forthcoming deadlines, banks are actively working towards meeting the new standards but may not yet be fully compliant.
It’s important to note that while many financial institutions are striving to comply with Basel IV regulations, the exact number of compliant institutions globally is not readily available due to ongoing implementation processes and varying regional time-lines.
Considering that the adaptation of the Basel standards is a key element of the GCR implementation, it’s something to pay attention to.
We have to think about the term “start”. What does it mean when we suggest the GCR has started?
The Basel standards started in 1988 and are still being implemented. Think about how many years ago the GCR concept was introduced.and how long It’s been implementing. It’s hard to travel down a road when it’s being built. But once the barricades are down, we’ll all travel smoothly.
DJ
“Coffee with MarkZ” Tuesday Morning Chat 3-11-2025
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning one and all….Are we there yet????
Member: Happy Tuesday…..any good RV news today Mark?
Member: Is the 17th still in play to have bonds done?
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning one and all….Are we there yet????
Member: Happy Tuesday…..any good RV news today Mark?
Member: Is the 17th still in play to have bonds done?
MZ: I am still hearing those dates are solid….the “from now until the 17th “ is still in play. The bond side is still telling me their expectations are for the historic bonds to be knocked out this month…. And the majority done by the 17th and 18th. That should be more than enough for us to get our announcements…we hope.
Member: If it happens for bonds on the 17th…will we be able to go then?
MZ: yes…probably shortly after…within a couple of days.
Member: I don’t know about anybody else, but I just have this gut feeling about Saint Patrick’s Day, and that our rainbow will appear with the gold at the end of it i.e. The RV.
Member: March 15th is the ides of march, meaning debt relief = Nesara
Member: The longer this goes… Trump opens himself up to MSM criticism regarding the economy. He needs a magic “Trump” card to surprise everyone. (ie RV / NESARA)
MZ: I agree….and I believe they are starting to make better headway …but he really needs Nesara/Gesara.
Member: the financial system is a house of cards built on a sea of debt... and the seas are getting rough!
Member: I have a story about a friend of mine who went to a chase bank and saw a kiosk machine that said "exchanges". Wish I knew what that means?
MZ: hopefully it means our exchanges
Member: It could be exchanging our fiat dollars for our new rainbow gold backed currency in the exchange machines?
Member: We have exchange ATM's in Australia. Just put in US $ and it converts to AU$. Only does a few currencies.
Member: Friend of mine went in to M&T bank few months ago bank Mngr, said they do not exchange. He went in this week asked the same question and bank Mngr said yes We do and are preparing for it now.
MZ: “ Al-Alaq: Iraq has one of the greatest Arab Gold Reserves with 162 tons” This is making the news again. Iraq wants the world to know the physical assets it has in its foreign currency reserves ect…..They want us to know they are one of the only solvent countries in the world. They are not a “debtor” nation. They are a “creditor” nation. They are laying the foundation to be able to change their rates.
Member: Vietnam also has tons of gold in the ground... More than anyone knew...
MZ: “Central Banks injects more than 5 Trillion VND in market” to keep liquidity going. They may need to change the value of their currency.
MZ: “Vietnam to sign US deals as trade, energy officials meet” Vietnam is wanting to work closely with the US …They do not want to deal with tariffs and sanctions so are working hand in hand to make sure everybody gets what they want out of this relationship. Vietnam wants to grow with the US. They need to raise the value of their currency.
Member: Mark, what about the Iraqi Parliament hasn’t been able to get a quorum to pass any legislation due to the Shite-Sunni conflicts ?!!!
MZ: “ On the region’s oil: the Us imposed the amendment of Article 12” the US stepped in on HCL and approving article 12 with assurance and guarantees that they are working with the Iraqi government to make things happen. And we are about to see things launch off of “stuck”
MZ: “ Is Iraq stepping into the world of crypto currencies?” yes they are studying many of them….. to blend them with their assets.
MZ; “Iran is on fire: Angry protests and the unprecedented collapse of the Tomain” their currency is in absolute free-fall. We may soon have different leadership in iran.
Member: Did Kuwait have to wait for a country’s currency to revalue internationally before they exchanged like we waiting for Iraq ?
Member: One hour in to the markets dow jones is down -463 points. Yesterday was over $1.75 trillion gutted from markets lets see how today does!!
Member: Another reason for DOW going downhill, deadline for new loans, end of “Bank Term Funding Program” is today
Member: Looking like a week of many geopolitical moves. This could get us to where Mr.C was speaking of last Friday. Plus Trump meets with Xi April 2.
Member: Lunar eclipse/blood moon in 3-14 will be seen around the world. Purim starts on Friday.
Member: Monday is St Patty’s day the 17th!! Pot of gold at the end of the rainbow (currency) - would be a good day
Member: I've been a practicing poor person for ever…. I would like to be rich now please
Member: "Nothing is IMPOSSIBLE, the word itself says I'm Possible" from Audrey Hepburn.
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 TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
News, Rumors and Opinions Tuesday 3-11-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 11 March 2025
Compiled Tues. 11 March 2025 12:01 am EST by Judy Byington
Sun. 9 March 2025 Ginger has confirmed:
– Liquidity is happening with the big groups.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 11 March 2025
Compiled Tues. 11 March 2025 12:01 am EST by Judy Byington
Sun. 9 March 2025 Ginger has confirmed:
– Liquidity is happening with the big groups.
– Massive movement with the bigger groups coming – imminent (days) for Zim bonds Tier 3 beginning last Tuesday.
– Things are actually happening. She has the rate but won’t say what it is.
– A person she knows received their payment already.
– The timetable is moving to Monday and Tuesday this week.
– Zurich is exchanging worldwide.
– Burger buying (liquidity) is upon us lol
– The World Court verified 2-3 weeks ago that everything will be tax free.
– Tier 3 bond holders were receiving their contracts and payments being received this week.
– Tier 4 on the heels of that.
– Seven unconnected sources dealing in different areas of this all say it’s going to be a Manic Monday on the bonds.
– It’s all coming together.
– CMKX members say they don’t have theirs yet but it could go into their accounts within a 24 hour period.
– Another source (whale) received funds today and Ginger will wait for them to announce it. Not sure if it was their advance money or the 1%.
– When Tier 4B receive notifications, the Tier 3 will receive the balance of their funds.
Mon. 10 March 2025: BOOOMB OF THE YEAR! Trump Uncovers the Truth About Fort Knox – WHERE IS AMERICA’S GOLD?! – amg-news.com – American Media Group
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Mon. 10 March 2025 UNSTOPPABLE! Unleashing the Greatest Revelation in Human History! …Charlie Ward on Telegram
GESARA Begins: The People’s Wealth Restored
Debt forgiveness has (Allegedly)begun. Student loans, mortgages, and credit card balances are vanishing.
Stolen DS wealth is (Allegedly)being repatriated to fund GESARA initiatives.
The Federal Reserve is (Allegedly)Dead. The Quantum Financial System (QFS) takes over.
Read full post here: https://dinarchronicles.com/2025/03/11/restored-republic-via-a-gcr-update-as-of-march-11-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick Aki says...due to what the GOI and CBI are instructing us, I am moving my family to the city where the bank is where me and my boss work. The reason why is due to the fact that my boss told me you're going to be very busy very soon. [Aki] is bringing his family from the state that he lives in, he's bringing them down south [of that state] to be closer to this bank that he's in charge of...Aki must have a very good idea of this true time frame because he's moving his family to the bank's location. This target date has to be IMO within arms reach...
Frank26 It was last month that Sudani said right around the middle of February that at the end of February we will bring the budget tables...Then towards the end of last month he says I'm going to do it at the beginning of March...On the 3rd of March he comes out and he says I'm going to do this at the middle of March...Here we are headed towards the middle of March in about another week and he just made an announcement...he says I'm going to expose the budget tables at the end of March...We went from the end of February to the beginning of March, to the middle of March...What is April 1st? End of quarter. What did Dr. Shabibi want when he wanted to release the new exchange rate? The beginning or end of a year or the beginning of a quarter...
"$50.000 is the REAL Value of Gold"
Lynette Zang : 3-10-2025
Markets Headed For ’50% Pullback’, ‘Wipe Out Retirements’ | Chris Vermeulen
David Lin: 3-10-2025
Chris Vermeulen, Chief Market Strategist at The Technical Traders, discusses recent market volatility.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-11-25
Good Morning Dinar Recaps,
RETROACTIVE SOCIAL SECURITY PAYMENTS BEGIN, WHEN TO EXPECT THEM?
The Social Security Administration (SSA) has made remarkable progress in distributing retroactive payments to those impacted by the Social Security Fairness Act.
This pivotal legislation, passed at the end of 2024, repeals two controversial provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions had long been criticized for reducing or eliminating benefits for certain public sector workers, including firefighters, police officers, and teachers.
Good Morning Dinar Recaps,
RETROACTIVE SOCIAL SECURITY PAYMENTS BEGIN, WHEN TO EXPECT THEM?
The Social Security Administration (SSA) has made remarkable progress in distributing retroactive payments to those impacted by the Social Security Fairness Act.
This pivotal legislation, passed at the end of 2024, repeals two controversial provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions had long been criticized for reducing or eliminating benefits for certain public sector workers, including firefighters, police officers, and teachers.
According to the SSA, over $7.5 billion has already been distributed to more than 1.1 million eligible beneficiaries.
The average retroactive payment stands at $6,710, compensating for benefits that would have been issued in 2024 had the law been enacted earlier. Initially, the agency estimated that processing these increased monthly payments and retroactive sums could take over a year. However, recent updates suggest that the majority of cases have been expedited.
Who will receive these payments and when? The SSA is actively adjusting the monthly benefits for affected recipients, with updated payments expected to be reflected in the April 2025 disbursement. Those who have not yet received their retroactive payment are advised to wait until April before contacting the SSA for further inquiries.
To determine eligibility for increased benefits, the SSA will be sending official notices by mail to affected individuals in the coming weeks. It is estimated that up to 3.2 million Americans will benefit from the changes introduced by the Social Security Fairness Act. However, some individuals may need to take action to ensure they receive their due benefits.
Individuals who are unsure whether they previously applied for retirement, spousal, or survivor benefits, or those who never applied due to WEP or GPO restrictions, should consider taking action. The SSA recommends submitting an application online or by phone at 1-800-772-1213 (Monday–Friday, 9 AM to 6 PM ET). When prompted, say “Fairness Act” to be connected with a trained representative.
How much will monthly payments increase? A September 2024 estimate by the Congressional Budget Office projected significant increases. Social Security beneficiaries previously impacted by the WEP will see an average increase of $360 per month. Those affected by the GPO could receive between $700 and $1,190 extra per month.
These adjustments represent a historic shift for millions of retired public sector employees, ensuring they receive the benefits they were previously denied. This change marks a new era of fairness and equity in the distribution of Social Security benefits.
For further details, beneficiaries should refer to their official SSA notices or check the agency’s website for updates. The SSA is committed to ensuring that all eligible individuals receive the benefits they deserve under the new legislation.
@ Newshounds News™
Source: MSN
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TRUMP SET TO SIGN EXECUTIVE ORDER REVERSING BIDEN’S CRYPTO BANKING RESTRICTIONS
President Donald Trump is all set to sign an executive order targeting Biden administration policies that have made it hard for crypto companies to access banking services. The order is expected to target policies under “Operation Chokepoint 2.0,” which seeks to roll back these restrictions and support the crypto industry.
Bo Hines, Executive Director of the White House’s Presidential Working Group on Digital Assets, confirmed that administrative action is coming but didn’t provide details. He mentioned that the industry can expect something soon.
Hines also emphasized that the Trump administration aims to end practices linked to “Operation Chokepoint 2.0,” a term coined by Nic Carter, which refers to efforts similar to the Obama-era Operation Choke Point that targeted payday lenders and gun dealers.
Trump’s Executive Order Could Open Fed Access to Crypto Banks
While details of Trump’s executive order are still being finalized, it could impact Federal Reserve policies on master accounts. These accounts, held by federally chartered banks, are essential for making direct payments and accessing the Fed’s services. Under the Biden administration, the Fed denied master accounts to crypto-focused banks like Custodia, hindering their growth.
Fox Business reporter Eleanor Terrett remarked that this is significant because the Federal Reserve and the FDIC have not yet reversed any anti-crypto policies, even though Federal Reserve Chairman Jerome Powell mentioned last month that he was concerned by the increasing number of crypto debanking cases and that the Fed would “take a fresh look” at the issue.
Trump Administration Pushes Forward Despite Challenges
While the Federal Reserve operates independently from the White House, the Trump administration is pushing forward with its crypto order, despite potential legal hurdles. Sources note that senior White House officials are set to meet Thursday to assess possible challenges before putting the order on Trump’s desk.
However, a White House official denied any such meeting is scheduled but confirmed that efforts to roll back Operation Chokepoint 2.0 are already in motion. The race to reshape crypto policy is heating up, and all eyes are on what comes next.
Directive on Stablecoins?
The upcoming executive order could extend beyond banking, and might include a directive stating that stablecoins, which are designed to maintain a stable value and are typically pegged to the U.S. dollar, should not be classified as securities.
If Trump signs this order, it would be his third crypto-related executive action since returning to office. The first, signed on January 23, created a Presidential Working Group on Digital Asset Markets. The second, signed last week, ordered the establishment of a U.S. government Bitcoin reserve and a separate stockpile for other digital assets.
Bitcoin Dips Despite The Developments
Trump’s recent Crypto Summit disappointed industry leaders, with his Bitcoin reserve plan failing to boost the market as the administration plans to use seized assets. Broader economic policies, including tariffs on China and others, have also shaken markets. As a result, institutional investors pulled funds from Bitcoin and Ethereum ETFs, causing Bitcoin to fall below $80,000 for the first time in 4 months and Ethereum to drop to $1,870.
@ Newshounds News™
Source: Coinpediia and Twitter
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THAILAND’S SEC JUST APPROVED USDT & USDC, ALONGSIDE BITCOIN & ETHEREUM AS APPROVED TOKENS!
▪Thailand’s SEC approves USDT and USDC for trading on licensed crypto exchanges.
▪Stablecoins join Bitcoin, Ethereum, XRP, and Stellar in Thailand’s approved crypto list.
▪New rules effective March 16 boost crypto trading and adoption in Thailand.
▪Tether faces transparency scrutiny despite $142 billion market cap and growing demand.
Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has expanded its list of approved cryptocurrencies. The country has now allowed the use of Tether (USDT) and Circle’s USD Coin (USDC) on licensed digital asset exchanges. This decision follows a growing demand for stablecoins in crypto trading and payments worldwide.
Thailand Regulator Adds USDC, USDT Stablecoins
With this approval, Thailand opens its doors to stablecoins, a crucial part of the global crypto market. Stablecoins like USDT and USDC are widely used for trading, payments, and remittances due to their price stability.
By adding USDT and USDC to its list of approved cryptocurrencies, alongside Bitcoin, Ethereum, XRP, and Stellar, Thailand is expanding its digital asset ecosystem. This move not only enhances trading opportunities but also strengthens Thailand’s position as a growing hub for crypto adoption in Asia.
The new regulations, set to take effect on March 16, will allow licensed exchanges to list and trade these stablecoins, making it easier for investors and traders to move funds within the crypto ecosystem.
Thailand Aligns with Global Crypto Trends
The decision to approve USDT and USDC comes after a public consultation held in February, where most participants supported the idea. Across regions like Southeast Asia, Africa, and Latin America, stablecoins have gained popularity due to their reliability and ease of use in transactions.
Tether alone contributes to around 40% of the total trading activity in the country. As of now, USDT holds a massive $142 billion market capitalization, while USDC follows with $58 billion.
Push for Transparency
The approval of Tether’s stablecoin comes at a time when the company is facing scrutiny over its financial transparency. Just last week, the company appointed Simon McWilliams as its Chief Financial Officer to address concerns regarding its financial audits.
The company has been publishing quarterly reports verified by BDO Italy, but some critics argue that a full financial audit is needed. Following the 2022 market crash, the crypto industry has pushed for more transparency.
@ Newshounds News™
Source: Coinpedia
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Thank you Dinar Recaps
How To Handle Cash Savings Of Deceased Parents
How To Handle Cash Savings Of Deceased Parents
Liz Weston Sun, March 9, 2025 LA Times
Dear Liz: My mother passed away a little over a year ago, and my father about 18 months prior to her. I discovered that my parents saved up quite a lot of cash (in the six figures), and I'm afraid to deposit it without triggering the IRS.
My parents routinely saved anywhere from $5,000 to up to $20,000 per year for the last 30 years. I read my mom's handwriting on the envelopes with the dates. How can I deposit all this without triggering the IRS? Some of the bills are “vintage” so I will keep them to see if they're worth more than face value. I also thought about using it to buy real estate.
How To Handle Cash Savings Of Deceased Parents
Liz Weston Sun, March 9, 2025 LA Times
Dear Liz: My mother passed away a little over a year ago, and my father about 18 months prior to her. I discovered that my parents saved up quite a lot of cash (in the six figures), and I'm afraid to deposit it without triggering the IRS.
My parents routinely saved anywhere from $5,000 to up to $20,000 per year for the last 30 years. I read my mom's handwriting on the envelopes with the dates. How can I deposit all this without triggering the IRS? Some of the bills are “vintage” so I will keep them to see if they're worth more than face value. I also thought about using it to buy real estate.
Answer: You mention “triggering the IRS” as if your deposit might set off an explosion of audit notices and tax liens. In reality, you’re far more likely to cause yourself grief by trying to avoid IRS notice than you are by simply depositing the money.
Banks report large cash deposits — typically those of $10,000 or more — to the IRS as a way to combat money laundering. Anti-money-laundering rules also have been extended to real estate deals. Banks are looking for smaller deposits that could add up to more than $10,000, so don’t think spreading out the deposits will help you avoid scrutiny.
“Depositing the money all at once would probably arouse less suspicion with the bank than making a continuing series of deposits just under $10,000,” says Mark Luscombe, principal analyst for Wolters Kluwer Tax & Accounting.
Luscombe suggests retaining all those envelopes with your mother’s handwriting. If you are questioned by your bank or the IRS, the envelopes could help show your parents were gradually saving the money over time rather than engaging in some money-raising scheme on which taxes were never paid.
You didn’t mention if your parents had wills or other estate documents, or if there are other beneficiaries. Consult with an estate planning attorney to see if the cash needs to be deposited in the name of your mother’s estate.
TO READ MORRE: https://www.yahoo.com/finance/news/handle-cash-savings-deceased-parents-100048077.html
“Tidbits From TNT” Tuesday Morning 3-11-2025
TNT:
Tishwash: Mechanism for publishing data on buying and selling foreign currencies
The Central Bank of Iraq explains the mechanism for publishing data on the sale and purchase of foreign currencies from the daily bulletin to the monthly report, which will include:
- Total enhancement of bank balances abroad.
- Settlements of electronic payments abroad.
- Cash sales.
TNT:
Tishwash: Mechanism for publishing data on buying and selling foreign currencies
The Central Bank of Iraq explains the mechanism for publishing data on the sale and purchase of foreign currencies from the daily bulletin to the monthly report, which will include:
- Total enhancement of bank balances abroad.
- Settlements of electronic payments abroad.
- Cash sales.
The bank confirms that this decision came in conjunction with the transition from the electronic platform mechanisms to the mechanisms for enhancing the balances of authorized Iraqi banks with correspondent banks, and that the process of enhancing banks does not reflect the daily sales of bank customers until the operations are actually realized.
It draws attention to the Central Bank of Iraq's possession of sufficient foreign reserves to meet all official requests for foreign currency, which enhances confidence in the national currency.
Noting that the report scheduled to be published next month will include details of external transfer operations
in terms of (amounts, the most prominent imported goods and materials, the most prominent countries from which they were imported.
Central Bank of Iraq
March 5, 2025 link
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Tishwash: Disagreements paralyze the Iraqi parliament in Ramadan...the boycott continues
Independent Iraqi parliament member Jawad al-Yasari said on Tuesday that the parliament session will not be held due to the continued boycott of the sessions by most of the representatives, in protest against the failure to include the service and retirement law for the Popular Mobilization Authority on the agenda .
Al-Yasari told Shafaq News Agency, "The indicators confirm that the parliament session for today, Tuesday, will not be held, as happened in previous sessions, due to the continued boycott of most of the representatives, especially from the Coordination Framework blocs, of the sessions in protest against the failure to put the service and retirement law of the Popular Mobilization Authority to a vote."
He added, "Holding a parliament session during the month of Ramadan seems difficult in light of the ongoing political disputes and conflicts, which means that the sessions will remain suspended until after the Eid al-Fitr holiday, until an agreement is reached between the political parties on passing the law."
The Iraqi Parliament is expected to hold its regular session today, with the agenda including several topics, including voting on the draft law amending the fourth amendment to the Industrial Investment Law for the Private and Mixed Sectors No. 20 of 1998, in addition to voting on a decision to recommend to the Ministry of Education to reinstate the trial system .
The Council is also scheduled to discuss the report of the interim parliamentary committee to follow up on the preservation of state property, the first reading of the draft law to cancel the law ratifying the agreement exempting holders of diplomatic and service passports from entry visas between Iraq and Cyprus, and the first reading of the proposed law amending the second law of the Mukhtars Law No. 13 of 2011 .
The agenda also includes a report and discussion of the second reading of the proposed fourth amendment to Law No. 6 of 2000 on the Progression of Medical and Health Professionals .
It is noteworthy that the independent MP, Hussein Al-Saabari, revealed to Shafaq News Agency, last Sunday, that there is a tendency to dissolve the Iraqi Parliament and go to early elections, in the event that its sessions continue to be disrupted .
The House of Representatives is witnessing a continuous disruption of its sessions, due to the lack of a legal quorum to hold them, despite announcing the agenda and setting the date of the session . link
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Tishwash: The Ministerial Council discusses the completion of the budget schedules and developments in the oil market locally and globally
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired the eighth session of the Ministerial Council for the Economy today, Monday, to discuss completing the budget schedules and developments in the oil market locally and globally.
A statement by the Council, received by {Euphrates News}, stated that: "The session was held in the Council building in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, in addition to the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister's Advisors for Economic and Legal Affairs."
According to the statement, the Council hosted the Minister of Interior to discuss the project to rehabilitate vehicle registration sites and issue driving licenses throughout Iraq, in addition to the smart signals project and the radar system in the capital, Baghdad, where the Minister explained that "these projects will contribute to improving the services provided to citizens, enhancing traffic flow, and reducing congestion." The Council supported the measures taken by the Ministry in this regard, and recommended submitting them to the Council of Ministers.
The Council also discussed with the Deputy Prime Minister and Minister of Oil the completion of the budget schedules, where the Minister provided a detailed explanation of the reality of the local and global oil market, in terms of prices and expected production quantities, expenses necessary to manage extraction and marketing operations, and purchase of petroleum derivatives, in addition to the expected revenues from the oil sector.
The statement continued, "The Council also hosted the Undersecretary of the Ministry of Electricity and officials in the Ministry, in addition to the Director General of the Trade Bank of Iraq and a number of heads of investment companies specialized in the energy sector, to review investment contracts and discuss the best ways to ensure the continuity of electricity supplies, especially with the approach of summer
While the Council hosted the head of the Central Organization for Standardization and Quality Control, to discuss the Ministry of Planning's request to postpone the implementation of the Iraqi specification for vehicles, and organize the process of issuing car import licenses until the end of this year.
The head of the agency explained that "the postponement will enable the relevant authorities to complete the required technical procedures, in line with the Consumer Protection Law and the Competition and Anti-Monopoly Law," and the council approved the request, setting December 31, 2025 as the final date for implementation. link
Mot: Ah yes me fine lad, an Irishman always follows the rainbow.....
Mot: . Blessing To Youuuuuu
