Seeds of Wisdom RV and Economic Updates Thursday Evening 3-13-25

Good Evening Dinar Recaps,

BREAKING XRP NEWS: SEC REVEALS SWIFT REPLACEMENT WITH XRP!

Big news is shaking up the financial world! The Securities and Exchange Commission (SEC) just dropped a bombshell by publishing a document that suggests the potential replacement of the SWIFT system with XRP. This could be a game-changer for international money transfers and the entire banking system. Let’s dive into what this means and why it matters.

Understanding the SWIFT System

First off, let’s discuss what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international banking for decades.

It allows banks and financial institutions to send and receive information about financial transactions in a secure and standardized way. However, with the rise of blockchain technology and cryptocurrencies, there have been increasing calls for a more efficient system.

What is XRP?

XRP is a digital currency created by Ripple Labs, designed specifically for fast and low-cost international transactions. Unlike Bitcoin, which can take several minutes to confirm a transaction, XRP transactions are settled in just a few seconds. This speed and efficiency make it a strong contender for replacing traditional systems like SWIFT.

Why the SEC’s Document is Significant

The SEC’s recent publication is significant for multiple reasons. First, it indicates a shift in perception within regulatory bodies about the use of cryptocurrencies in mainstream finance. By mentioning XRP as a potential replacement for SWIFT, the SEC is acknowledging the growing influence of digital currencies and their capacity to transform the financial landscape.

Potential Benefits of Replacing SWIFT with XRP

Imagine conducting cross-border transactions without the delays and high fees associated with traditional banking systems. Replacing SWIFT with XRP could lead to:

Faster Transactions: As mentioned earlier, XRP processes transactions in seconds, which is a massive improvement over SWIFT’s typical processing times.
Lower Costs: Transaction fees for using XRP are significantly lower than those associated with SWIFT, which could save banks and consumers money.

Increased Accessibility: With XRP, individuals and businesses without access to traditional banking systems may find it easier to engage in international trade.

Challenges Ahead

While the prospects of replacing SWIFT with XRP are exciting, there are challenges to consider. Regulatory hurdles remain a significant concern. The SEC and other regulatory bodies will need to establish clear guidelines for how cryptocurrencies can be used in traditional finance.

Additionally, banks and financial institutions would need to invest in new technology to support XRP transactions, which could be a barrier to adoption.

The Future of International Transactions
As we look to the future, the idea of integrating XRP into the global financial system is becoming more viable. The SEC’s document is a pivotal step toward legitimizing the use of cryptocurrencies in mainstream finance. If XRP can effectively replace SWIFT, it could lead to a more efficient, transparent, and equitable global financial system.

Community Reactions

The community’s reaction to this news has been overwhelmingly positive. Many XRP enthusiasts are expressing their excitement on social media platforms, envisioning a future where XRP is widely accepted for international transactions. As JackTheRippler tweeted, the implications of this announcement could be massive for holders of XRP and for the crypto market as a whole.

Conclusion: What’s Next?

So, what’s next? The world will be closely watching how the SEC navigates this groundbreaking moment in financial history. Will other countries follow suit? What will be the response from traditional banks? The possibilities are endless, and it’s clear that the landscape of international finance is evolving rapidly.

In the meantime, it’s essential for investors and consumers to stay informed. The potential shift from SWIFT to XRP could redefine not just how we think about money, but also how we interact with the global economy. As always, do your research and stay updated on the developments surrounding XRP and the SEC’s ongoing activities.

@ Newshounds News™
Source: TrendsNewsLine

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US LAW ENFORCEMENT CONFISCATES 749 BITCOIN TIED TO DECADE-OLD SILK ROAD CRIMES

U.S. authorities seized approximately 749 Bitcoin, valued at $62.5 million, tied to a Silk Road drug trafficking and money laundering operations, according to a March 12, 2025, Forbes report.

Silk Road Legacy Continues: $62.5M Bitcoin Seized in Latest Crackdown

The seizure, ordered by the U.S. Attorney for the Western District of Texas, targeted assets connected to two unnamed individuals: a former Silk Road drug vendor and an accomplice who laundered proceeds through cryptocurrency exchanges. Alongside bitcoin, Forbes reported that authorities confiscated hundreds of thousands in foreign currencies, gold coins, and bars.

The illicit funds were traced to transactions on Silk Road, a dark web marketplace shuttered in 2013 after its founder was arrested.

Despite its closure, law enforcement has continued recovering digital assets tied to the platform. The recent operation marks the latest in a series of seizures, including a record multi-billion-dollar bitcoin confiscation in 2021.

Investigators uncovered the operation after the suspects moved bitcoin from Silk Road through multiple accounts and converted it to cash via the now defunct peer-to-peer platform Localbitcoins.

Suspicious deposits flagged by Gemini, a U.S.-based cryptocurrency exchange, alerted authorities, enabling the seizure through a civil forfeiture action.

The case shows law enforcement’s advancing ability to trace cryptocurrency transactions, even years after crimes occur. The report stressed that blockchain analysis, combined with cooperation from exchanges implementing anti-money laundering protocols, played a critical role. Gemini’s involvement highlights exchanges’ evolving role in combating financial crimes.

Silk Road, once a hub for anonymous drug sales using bitcoin, generated an estimated 9.5 million bitcoin in sales before its shutdown.

While its founder Ross Ulbricht has been fully pardoned, the Forbes report said that authorities remain committed to pursuing residual assets.

This seizure aligns with broader efforts to deter dark web activity by demonstrating that crypto gains are not beyond reach.

The $62.5 million recovery adds to over $4 billion in Silk Road-linked assets seized since 2013. Proceeds from such actions often fund victim compensation or law enforcement initiatives. Experts note the operation reinforces the dual realities of cryptocurrency: its potential for anonymity and its vulnerability to forensic scrutiny.

No criminal charges have been filed against the individuals involved, suggesting the investigation remains active. The U.S. Department of Justice has yet to comment on potential further actions.

@ Newshounds News™
Source:  Bitcoin News

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The #1 Asset for Market Crashes—Do You Own It?

The #1 Asset for Market Crashes—Do You Own It?

Gold has long been considered one of the best hedges against economic downturns due to its unique properties and historical performance.

Here’s a detailed explanation, backed by numbers and facts, of why gold is a reliable safe-haven asset:

Gold’s Performance During Economic Crises

2008 Financial Crisis: During the global financial crisis, gold prices surged as investors sought safety. From November 2007 to March 2009, the S&P 500 fell by approximately 56%, while gold prices rose by about 25%.

COVID-19 Pandemic (2020): In the early stages of the pandemic, global markets experienced a sharp sell-off. Gold initially dropped due to a liquidity crunch but quickly rebounded. From March 2020 to August 2020, gold prices rose by over 35%, reaching an all-time high of $2,075 /oz in August 2020.

1970s Stagflation: During the stagflation period of the 1970s (high inflation and stagnant economic growth), gold prices skyrocketed. From 1971 to 1980, gold prices increased by over 2,300%, from $35/oz to apeakof850 /oz.

Gold as a Hedge Against Inflation

Gold is often seen as a store of value during periods of high inflation. Unlike fiat currencies, which can lose value due to excessive money printing, gold maintains its purchasing power over time.

Example: During the high inflation years of the 1970s, the U.S. dollar lost significant value, but gold prices surged. From 1971 to 1980, the U.S. inflation rate averaged 7.1% annually, while gold prices increased by an average of 30% per year.

2021-2023 Inflation Surge: In 2021-2022, global inflation spiked due to supply chain disruptions and post-pandemic recovery. Gold prices remained resilient, averaging $1,800−$2,000/oz, as investors turned to gold to protect against eroding purchasing power.

Gold’s Low Correlation with Other Assets

Gold has a low or negative correlation with stocks and bonds, making it an effective diversifier in a portfolio. During economic downturns, when equities and other risk assets typically decline, gold often performs well.

Correlation Data:

Gold vs. S&P 500: Historically, the correlation between gold and the S&P 500 has been close to zero or slightly negative.

Gold vs. U.S. Treasuries: Gold’s correlation with bonds is also low, making it a complementary asset in a diversified portfolio.

Gold’s Role in Currency Devaluation

Gold is priced in U.S. dollars, so when the dollar weakens, gold prices tend to rise. This makes gold a hedge against currency devaluation.

Example: From 2001 to 2011, the U.S. dollar index (DXY) fell by approximately 33%, while gold prices rose by over 600%, from around $250/oz to a peak of $1,920/oz in 2011.

Central Bank Demand for Gold

Central banks around the world hold gold as part of their reserves to diversify away from fiat currencies and reduce reliance on the U.S. dollar. This institutional demand supports gold prices during economic uncertainty.

Fact: In 2022, central banks purchased 1,136 tons of gold, the highest level of annual demand since 1950. This trend continued into 2023, with central banks adding 228 tons of gold in Q1 alone.

Gold’s Long-Term Performance

Over the long term, gold has consistently preserved wealth and outperformed many other asset classes during periods of economic instability.

Fact: From 1971 (when the gold standard was abandoned) to 2023, gold prices have increased from $35/oz to over $1,900 /oz, representing an annualized return of approximately 7.8%.

Gold’s Liquidity and Universality

Gold is a highly liquid asset that can be easily bought or sold in global markets. It is universally recognized as a store of value, making it a reliable hedge in times of crisis.

Fact: The global gold market is one of the largest and most liquid markets, with an average daily trading volume of over $150 billion.

Gold’s Performance During Geopolitical Crises

Gold tends to perform well during geopolitical tensions or conflicts, as investors seek safety.

Example: During the Russia-Ukraine war in 2022, gold prices surged to $2,070 /oz in March 2022 as investors fled to safe-haven assets.

Why Gold is a Top Hedge

Preserves Wealth: Gold maintains its value over time, especially during inflation and currency devaluation.

Performs Well in Crises: Gold has historically risen during economic downturns, stock market crashes, and geopolitical tensions.

Diversifies Portfolios: Its low correlation with other assets reduces overall portfolio risk.

Central Bank Support: Institutional demand for gold provides a strong floor for prices.

Liquidity and Universality: Gold is easy to trade and recognized globally as a store of value.

Key Numbers to Remember:

2008 Financial Crisis: Gold rose 25% while the S&P 500 fell 56%.

1970s Stagflation: Gold surged 2,300% from $35 to $850/oz.

2020 Pandemic: Gold hit an all-time high of $2,075 /oz.

Central Bank Demand: Over 1,100 tons of gold purchased in 2022, the highest since 1950.

Gold’s historical performance and unique characteristics make it one of the best hedges against economic downturns, inflation, and market volatility. Including gold in your portfolio can help protect your wealth during uncertain times.  LINK

More News, Rumors and Opinions Thursday PM 3-13-2025

Ariel : We are on the Cusp of a Revamp of Civilization

Watcher.Guru:  JUST IN: SEC preparing to end lawsuit against Ripple $XRP.

What did we all cover on this topic?

Do you know how your entire world is about to change forever once this happens?

We are on the cusp of a revamp of civilization as we know it. And you all are witnesses this 1st hand.

You have every right to be excited about this. We are moving away from the archaic banking predatory practices.

You will be dealing with a Peer-to-Peer financial traction that will eliminate the middle man.

And you can do this with a 24 hour financial system that takes no breaks or some drawn out process to transfer money while the banks play around with it.

This is amazing news for all of us. We should be seeing Iraq make their moves very soon. I think this is on schedule to happen tomorrow.

Glitch The Yorkie:  We are standing at the edge of an economic paradigm shift—one that decentralizes power, eliminates unnecessary friction, and hands financial sovereignty back to the people. The death grip of archaic banking systems is loosening, and what comes next is nothing short of revolutionary. A peer-to-peer, 24/7 financial ecosystem isn’t just an upgrade; it’s a full-scale liberation from institutional control. If Iraq moves forward as expected, this could be the catalyst that ignites a global financial transformation. Stay sharp—history is unfolding in real time.

https://dinarchronicles.com/2025/03/12/ariel-prolotario1-we-are-on-the-cusp-of-a-revamp-of-civilization/

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: Television is saying...there will be another meeting...Why they keep having these meetings?  FRANK:  IMO they have agreed upon a target date of when to show the new exchange rate.  IMO right now what Mr. Sammy's bank is doing is applying a new software...that deals with foreign currency.  Because your currency must be recognized by the world.  Your new Iraqi dinar will be one of a few currencies that will turn.  This software is being presented to all the banks...exchange centers in preparation...

Walkingstick [Iraqi bank friend Aki update]  AKI: Busy, very busy.  We are finishing up a training on a new software that we have applied to all of our banks.  Here, my private bank is also now being part of it.  This software is called multi-currency sync software.  The purpose of this software is to update the world, the banks, Forex, everybody that will need to know this, to update them on the new currency that we will be purring out...It is going to include the pictures of the lower denominations... WALKINGSTICK:  Hasn't this software been around for a while?  AKI:  Yeah, but this is a new updated software...We're pretty much done with this.  We've been at it for a long time.

Gold & Silver Prices Skyrocket: Is the Financial System on the Brink of Collapse?

Wall Street Bullion:  3-13-2025

Gold Price & Silver Price are skyrocketing this week! Will Gold hit $3,000? Why is this happening?!? Is central bank collapse imminent? Florian Grummes joins us to discuss gold & silver prices that are set to skyrocket!

https://www.youtube.com/watch?v=G_eQVvZxH9w

LIVE! YES... ITS WAY WORSE THAN WE THINK! (AND WITH THAT, BE READY FOR ANYTHING).

Greg Mannarino:  3-13-2025

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

Iraq Economic News and Points to Ponder Thursday Afternoon 3-13-25

Gold prices stabilize as markets await inflation data

Wednesday, March 12, 2025 | Economic  Number of reads: 169  Baghdad / NINA / Gold prices stabilized on Wednesday, ahead of important US inflation data that may help gauge the path of the Federal Reserve's interest rates amid trade tensions and fears of an economic slowdown.

Spot gold settled at $2,916.69 per ounce by dawn today, while US gold futures rose 0.1 percent to $2,922.30.

Investors are awaiting US consumer price index data due later today to analyze the Federal Reserve's stance on interest rates next year.

If rising price pressures force the Fed to keep interest rates high, gold may lose its appeal as it is a non-yielding asset.

US President Donald Trump's tariffs are widely expected to fuel inflation and economic uncertainty, pushing gold to a record high of $2,956.15 on February 24.

Trump defended his tariff policies on Tuesday during a meeting with CEOs of major U.S. companies, including several whose market value has fallen in recent days as consumer and investor sentiment has deteriorated due to recession and inflation fears.

Spot silver fell 0.5 percent to $32.76 an ounce, platinum rose 0.4 percent to $978.60, and palladium fell 0.6 percent to $940.53. /End  https://ninanews.com/Website/News/Details?key=1191365

The Center For Banking Studies Concludes The Accounting And Budget Auditing Course.
 
March 12, 2025   The Banking Studies Center at the Central Bank of Iraq concluded its course on the mechanism of
 
     reviewing accounts and
     auditing budgets
 
for 65 trainees working in the financial, accounting, and auditing departments in the Iraqi banking sector.
 
The course program included training participants on how to
 
     prepare and analyze budgets,
     submit financial reports in accordance with international accounting standards, and
     improve their ability to examine financial records and
     ensure they comply with legal and regulatory standards.
    
Central Bank of Iraq    Media Office   March 12, 2025  https://cbi.iq/news/view/2824    

The Center for Studies concludes the Certified Bank Branch Manager course by distributing the certificate.
 
March 12, 2025
      The Center for Banking Studies at the Central Bank of Iraq organized a special ceremony to distribute the Certified Bank Branch Manager (CBBM) certificate to participants from various Iraqi banks.
 
This celebration comes within the framework of the great importance of this type of professional certificate, especially since
 
it was coupled with cooperation with the awarding body, the
Professional Development Institute (PDI), which added the
international accreditation feature to this certificate
for the first time at the level of the Center for Banking Studies.
 
The Center considered the test internationally and accredited by the aforementioned body,
 
confirming its successful role in raising the readiness of the Iraqi banking sector to perform its duties in providing the best financial and banking services to the public dealing with them,
 
in a way that
 
     ensures enhancing the quality of performance and the
     level of services provided across the sector towards achieving sustainable development.
 
This comes as part of the Center's strategic direction to cooperate with reputable international entities,
 
     granting the necessary professional certificates in various banking fields, in
     implementation of the government's program for the required qualitative achievement.
    
    Central Bank of Iraq   Media Office    March 12, 2025    https://cbi.iq/news/view/2825    

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 3-13-25

Good Afternoon Dinar Recaps,

SENATE BANKING COMMITTEE VOTES TO ADVANCE STABLECOIN BILL, COLLECTING SUPPORT FROM BOTH DEMOCRATS AND REPUBLICANS

▪️The bill would establish a regulatory framework for stablecoins and create standards for when stablecoin issuers would be regulated by the state or the federal government.

▪️Some Democrats, including Sen. Elizabeth Warren, have expressed unease toward the bill.

The Senate Banking Committee voted to advance a monumental stablecoin bill, advancing it to the full Senate and gaining support from Democrats along the way.

Introduced in February by Sen. Bill Hagerty, R-Tenn., the "GENIUS Act" (Guiding and Establishing National Innovation for US Stablecoins) aims to create a regulatory framework for stablecoins, defining when issuers fall under state or federal oversight. It has bipartisan support from Democratic Sens. Angela Alsobrooks of Maryland and Kirsten Gillibrand of New York.

 .  Democrats Sens. Mark Warner and Andy Kim were among others to support the bill

"The GENIUS Act is a bipartisan step forward in ensuring stablecoins are safe and reliable tools in the financial system," said Senate Banking Committee Chair Tim Scott, R-S.C., at the beginning of Thursday's markup.

A handful of lawmakers in Washington have worked on a bill to regulate stablecoins for years, but those efforts, like other crypto-related bills to regulate the industry, have not come to fruition.

 Now, almost two months into Donald Trump's presidency, Congress is seemingly prioritizing crypto, including investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."

Work is also underway in the House to regulate stablecoins. Though the GENIUS Act is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.

The GENIUS Act has garnered support from some in the crypto industry, including the Blockchain Association which called the bill "a thoughtful step forward for commonsense, response guardrails for stablecoin innovation," in a post on X on Wednesday.

On the other side of the aisle, some Democrats have expressed unease toward the GENIUS Act. Sen. Elizabeth Warren's staff circulated a memo outlining their opposition to the bill, which they say "fails" to protect consumers, competition and national security, according to Politico. The memo also includes arguments that the bill would allow firms, such as big tech companies, to issue their own currencies, Fortune reported.

Warren offered several amendments on Thursday, including one involving firms being able to issue their own stablecoins. Big tech billionaires like Elon Musk could use their own currencies to compete with the U.S. dollar, Warren said.

"My most pressing concern is Elon Musk's attempt to build an empire that rivals the power of most nation states," Warren later added.

In the past, some Democrats have been critical of companies' previous plans to launch a stablecoin. Meta Platforms, formerly Facebook, looked to launch stablecoin Libra, later renamed Diem, a few years ago, but quickly prompted concern among regulators and lawmakers who were hesitant about a stablecoin with ties to the social media company.

The committee voted 13-11, therefore not agreeing to Warren's amendment.

Tensions flare

Sen. Catherine Cortez Masto raised concerns over Democrats showing up to the markup and holding a quorum for the committee but not Republicans.

"We're taking the time to talk about our amendments, but there's no debate," the Nevada Democrat said. "And there's some very good amendments here by the way, and I'm hopeful that we have a good product coming out of here, but it is the Democrats now holding the quorum here instead of the Republicans."

Cortez Masto called the bill a "great start" but said it was not ready for prime time.

"There are many that want to provide a good product at the end of the day, but it looks like to me — the die is already cast, you get what you get," she said.


Sen. Warren called the markup a "show trial" and criticized the lack of debate. However, Warren also showed willingness to work on the bill and said it had a "strong base."

"This feels like show trial here that we get up and we read our little part about each of the amendments and the Republicans, clearly a majority of the Republicans have already decided their vote without even hearing anyone make an argument for why this might be an amendment that would be appropriate for this bill," Warren said.

Sen. Bill Hagerty, one of the authors of the bill, countered and said the bill had gone through a "very robust bipartisan process."

"We're going to continue to work to improve this," he said. "I've already acknowledged my willingness to do that here today to the extent that there are additional technical corrections, or in many cases, valid issues are being raised that I think are far more appropriate for a market structure piece of legislation."

In the House, Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act on Tuesday during a hearing focused on stablecoins 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

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TREASURY MET WITH THREE CRYPTO FIRMS TO DECIDE CUSTODY OF BITCOIN RESERVE

Firms including Anchorage Digital are advising the U.S. government on best practices for safeguarding billions of dollars worth of crypto assets.

The U.S. Treasury Department held meetings this week with top executives from three crypto custody firms to discuss safeguarding the country’s Strategic Bitcoin Reserve, sources familiar with the matter told Decrypt.

Anchorage Digital was one such custodian that met with Treasury Department officials on Monday, according to multiple sources with direct knowledge of the matter.

When asked about the meeting, Anchorage CEO Nathan McCauley told Decrypt that government officials asked him detailed questions about best practices for custodying a national Bitcoin reserve and digital asset stockpile. McCauley said the officials also inquired about how custody could impact stablecoins and market structure, two hot-button topics currently before Congress.

“The Treasury Department is asking all the right questions,” the Anchorage CEO told Decrypt. “It’s clear that Treasury officials are treating this move into the digital asset space with care, recognizing that the United States is quite literally writing history.”

The Treasury Department did not respond to a request for comment on this story.

A Capitol Hill source with knowledge of the meetings told Decrypt the Treasury Department is in the early stages of figuring out how best to tackle questions of security involved in the U.S. government indefinitely holding billions of dollars worth of digital assets.  

“I don't think they have a view yet, and they're trying to figure out what their view is going to be,” they said. “But they are actively seeking additional information from industry participants on the best way to custody the strategic reserve and the stockpile.”

The source elaborated that key decision makers in the industry appear to be in favor of one or multiple third parties assisting with custodying the U.S. government’s Bitcoin reserve in the interim, with the long-term goal of the government eventually self-custodying when ready.

Self custody refers to the practice of independently holding crypto in cold wallets accessed with private keys, as opposed to relying on third parties to manage the assets.

The national digital assets stockpile, however, will consist of a wide variety of seized crypto assets on various blockchain networks, and therefore will likely be permanently custodied by a third party.

How are the nearly 200,000 BTC in the government’s possession currently being held? Last summer, the U.S. Marshals Service announced it had tapped Coinbase to custody its large cap digital asset holdings.  

When asked by Decrypt whether the company currently custodies the U.S. government’s Bitcoin, however, a Coinbase representative declined comment, pointing only to a recent, vague X post on the subject by Coinbase CEO Brian Armstrong.

In the post, Armstrong boasts that his company “works with 145 government entities in the U.S. and 29 government entities outside the U.S.” and that Coinbase has seen increased interest in its custody services following President Donald Trump’s announcement establishing a Bitcoin Reserve.

During an event in Washington held Tuesday by the Bitcoin Policy Institute, BitGo CEO Mike Belshe, Casa CEO Nick Neuman, and Anchorage Digital’s Nathan McCauley convened a panel on “Safeguarding America’s Bitcoin.”

During the talk, the executives opined as to the current state of the government’s current BTC stash, which is worth some $16.4 billion at writing.

“It’s maybe sitting in a closet at the U.S. Marshals Office,” Casa’s Neuman said.

“Or in a drive at somebody’s desk,” BitGo’s Mike Belshe added.

@ Newshounds News™

Source:  Decrypt

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Thank you Dinar Recaps

“Iraq and Vietnam News” Posted by KTFA Members 3-13-2025

KTFA:

Clare:  IMF Discusses Strengthening Iraqi Dinar

12th March 2025   By John Lee.

Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI).

Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made.

Key discussions included:

Non-oil GDP growth of 5% in 2024, driven by agriculture expansion and increased public spending, with 3.5% growth expected in 2025.

Reduced dependence on oil revenues, improving economic diversification and stability.

Review of actual 2024 expenditures and 2025 revenue forecasts, alongside strategies for deficit financing.

Public debt strategy update, ensuring fiscal sustainability and investor confidence in government bonds.

Financial sector reforms, with the IMF stressing the importance of banking modernization to attract foreign capital.

Expanded collaboration with international correspondent banks to facilitate trade financing.

Increased use of the Iraqi dinar in major transactions to strengthen the national currency.

The IMF reaffirmed its support for Iraq's financial policy development, offering advisors and experts to assist the Ministry of Finance in public debt management and tax system improvements.

The meetings underscored Iraq's commitment to fiscal reforms, promoting economic stability and investment-friendly policies, in line with its strategic partnership with the IMF.

(Source: Ministry of Finance)   LINK

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Clare:  Important details about the 2025 budget schedules and the date for submitting them to Parliament were revealed.

3/12/2025

The Prime Minister's financial advisor, Mazhar Mohammed Salih, revealed important details about the 2025 budget schedule.

Saleh said in a press statement: "The budget is based on two main wings: the first is the operational wing, which constitutes between 68 and 70% of total public spending, and covers the salaries of employees, retirees, and social care, while the second wing is allocated to investment in development and service projects.

Saleh pointed out that the budget will operate according to spending ceilings estimated at about (200) trillion dinars, with a hypothetical deficit of (64) trillion dinars. This deficit will be financed from internal sources in the event that the average price of a barrel of oil falls below (70) dollars or oil exports fall below (3.4) million barrels per day.

He stressed that the government is committed to guaranteeing the salaries of employees and retirees, pointing out that approximately (8) million citizens receive government income, which contributes to the indirect support of approximately (40) million people. He added that implementing service projects, such as water, electricity, schools, and hospitals, will be a parallel priority to securing salaries.

For its part, the Parliamentary Finance Committee confirmed that the discussion of the 2025 budget will be resolved after it reaches Parliament.

Committee member Jamal Koujar explained that the committee will hold a session to discuss the budget once the schedules are received by the parliament, and will submit a report on the matter to the parliament's presidency.  LINK

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Clare:  The Association of Private Banks organizes a dialogue session to discuss the latest developments in the banking sector in Iraq.

3/13/2025- Baghdad

The Iraqi Private Banks Association organized a dialogue session to discuss the latest developments in the banking sector in Iraq, including deprived banks and fines imposed by the Central Bank. The session was attended by the Governor of the Central Bank of Iraq, Ali Al-Alaq, and representatives of banks and electronic payment companies.

At the beginning of the session, the Chairman of the Iraqi Private Banks Association, Wadih Al-Handhal, welcomed the Governor and the participants, stressing the importance of joint cooperation between the Central Bank, banks, and electronic payment companies to enhance financial stability and develop the banking system in accordance with the latest international standards.

Al-Handhal stated that the Special Committee for Assisting Deprived Banks, formed within the Ministerial Economic Council, called for the need to assist deprived banks and suspend fines imposed on them, as they are going through difficult circumstances, as everyone knows. He explained that deprived banks work daily to implement global financial requirements and are subject to daily fines, calling for these fines to be suspended and reviewed by the Central Bank of Iraq. 

For his part, the Governor of the Central Bank, Ali Al-Alaq, addressed the Central Bank's measures related to banks barred from using the dollar, noting signs of optimism in discussions with the US side on this issue. 

He stressed that the Central Bank supports the establishment of digital banks, with 75 banks having applied for them, contributing to accelerating the digital transformation of the banking sector in Iraq. He noted that the first phase will involve granting only one or two licenses for the purpose of experimentation and studying the problems and challenges facing these digital banks. 

Al-Alaq indicated that banks are required to work to increase the rate of financial inclusion by providing modern banking services that target broader segments of society, emphasizing that the transition to a digital economy is a fundamental step towards enhancing financial stability and economic development. LINK

Henig:  US seeks cooperation with Việt Nam in semiconductor, essential mineral & nuclear energy R&D

March 13, 2025 - 22:00  

Emphasising the need to continue making economic - trade - investment cooperation a bright spot and driving force of the bilateral relations, the PM said that Vietnamese ministries and sectors are actively addressing the US side's current concerns in economic - trade - investment ties

HÀ NỘI — Việt Nam always considers the United States a partner of strategic importance, Prime Minister Phạm Minh Chính said while receiving US Ambassador to Việt Nam Marc Evans Knapper in Hà Nội on Thursday.

PM Chính and Knapper acknowledged the results achieved in the relationship between the two countries recently, especially after Việt Nam and the US upgraded their relationship to a Comprehensive Strategic Partnership. They discussed priority areas for promoting bilateral cooperation on the occasion of the 30th founding anniversary of diplomatic relations between Việt Nam and the US.

The PM highly appreciated Knapper's efforts in promoting the Comprehensive Strategic Partnership, maintaining stable development momentum with many positive results, including maintaining and promoting high-level contacts, notably the very successful phone talks between Party General Secretary Tô Lâm and US President Donald Trump before and after being elected.

He affirmed the message of Party General Secretary Tô Lâm and senior Vietnamese leaders that they attach great importance to and want to cooperate closely with President Trump’s administration to promote the Comprehensive Strategic Partnership, maintain a stable and increasingly substantive development momentum, and effectively implement the contents of the Joint Declaration and Action Plan to implement the Comprehensive Strategic Partnership for the common interests of the two countries.

In the context that the two countries are organising activities to celebrate the 30th founding anniversary of diplomatic relations, PM Chính requested the US Ambassador and Embassy to coordinate with relevant Vietnamese agencies to implement measures to deepen cooperative relations, including promoting visits and meetings at all levels, especially high-level ones.

Emphasising the need to continue making economic - trade - investment cooperation a bright spot and driving force of the bilateral relations, the PM said that Vietnamese ministries and sectors are actively addressing the US side's current concerns in economic - trade - investment ties, including sending the Minister of Industry and Trade as a Special Envoy to work in the US to co-chair the Trade and Investment Framework Agreement (TIFA) Council’s meeting.

According to the government leader, Việt Nam's relevant ministries, sectors and agencies are actively reviewing the tariffs on goods imported from the US, encouraging increased imports of products that the US has strengths and Vietnam has demand, especially agricultural products, liquefied petroleum gas and high-tech products.

He emphasised that the Vietnamese Government always pays due attention to creating conditions for US businesses and investors operating in Việt Nam, affirming that Việt Nam wants to build balanced, stable, harmonious and sustainable economic - trade - investment cooperation relations with the US for the common interests of the two countries.

The PM also proposed the US continue to take steps towards recognising Việt Nam as having a market economy and creating conditions for Việt Nam to import high-tech equipment from the US.

On this occasion, PM Chính requested the Ambassador and the Embassy to continue to prompt the US Government and Congress to increase support projects to overcome the consequences of war in Việt Nam, especially the dioxin detoxification project at Biên Hoà airbase, assist people with disabilities and war victims, and support the search for fallen Vietnamese soldiers; transfer technology and improve the capacity to examine the DNA of Vietnamese martyrs.

Thanking the PM for his recognition and appreciation, Knapper pledged to continue to coordinate closely with Vietnamese ministries and sectors to promote and further deepen the Việt Nam - US Comprehensive Strategic Partnership.

The Ambassador expressed his joy with the two sides actively implementing the Joint Declaration and Việt Nam - US Action Plan for 2023, affirming that Việt Nam - US relations have achieved many positive results, in accordance with the desires and interests of both sides.

He affirmed that the US prioritises developing relations with Việt Nam based on the principle of respecting Việt Nam's political institutions, independence, sovereignty and territorial integrity, supporting a strong, independent, self-reliant and prosperous Việt Nam.

The US wants to expand cooperation in all fields, including cooperation in overcoming the consequences of war, defence - security, and education - training; support Việt Nam in training high-quality human resources and human resources in the semiconductor industry, and cooperate with Việt Nam in essential mineral exploitation and nuclear energy research and development, the diplomat said.

Knapper emphasised that 2025 is of important significance in the bilateral relationship, with the two sides celebrating the 30th anniversary of diplomatic relations. The US Embassy in Hà Nội will work together with Vietnamese agencies to build an effective agenda, thereby deepening the Comprehensive Strategic Partnership, he added. — VNA/VNS

 https://vietnamnews.vn/politics-laws/1693886/us-seeks-cooperation-with-viet-nam-in-semiconductor-essential-mineral-nuclear-energy-r-d.html

Economist’s “News and Views” Thursday 3-13-2025

Gold Nears the $3,000 Level Again

Arcadia Economics:  3-13-2025

With the gold futures now above $2,950, it's almost as if last week's selloff is a distant memory.

 And with PPI wholesale prices rising in line with expectations this morning, we may not be far off from seeing the gold price crack the $3,000 level.

https://www.youtube.com/watch?v=p6XTMNAyQLQ

CRASH... THE WORLD ECONOMY IS FREE-FALLING. (AND YOU ARE A CASUALTY OF WAR).

Greg Mannarino:  3-13-2025

https://www.youtube.com/watch?v=_8-DnCVXaO0

The Enemy’s Plan to Seize YOUR MONEY “Is RIGHT on Schedule,” Warns Jekyll Island Author

Daniela Cambone:  3-13-2025

Everything is on schedule for our enemies," says G. Edward Griffin, author of The Creature from Jekyll Island.

 In this exclusive interview with Daniela Cambone, Griffin argues that politicians who repeatedly make promises but fail to deliver substantial change ultimately leave people worse off over time.

 "The American people now have made the president a king… We are in trouble, not because of the enemy but from the inside of our nation."

Griffin also envisions a future where traditional money may cease to exist, replaced entirely by digital currency or digits—drastically altering how economic systems function.

 Watch the interview now to learn how you can navigate these turbulent times.

00:00 Ideology fights

10:52 Executive orders

12:11 Creating fear

14:41 CBDC ban

17:02 Fort Knox gold auditing

19:00 Cashless society

22:00 Turning point

23:26 Gold movement

25:05 System collapse

28:14 How to stop the system from collapsing

30:09 Health

https://www.youtube.com/watch?v=oyVsfnLrno0

Coffee with MarkZ. 03/13/2025

Coffee with MarkZ. 03/13/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Thursday and good morning Mark, mods and fellow RV’ers

Member: My legs are numb from sitting on the edge of my chair!

Member: The song "Any Day Now" ... is in my head

Member: Is this our week Mark?

MZ: Not sure if it’s our week….but there is enough people moving and pushing that it could be. I’m not ruling it out with so many getting travel funds on the bond side.

Member: Well there’s one day left in the work week so I guess they better get after it!

Member: Why do bond holders need Travel funds?

Member: Funds are for individual historic bond holders to go to Reno or Zurich to get paid.

MZ: Most of those I talked to are going to Zurich and not Reno. Others go to Asia and Europe.

MZ: They were told once they received their travel money they had to be prepared to leave at any moment for “Go Time”

Member: Maybe if they shut down the government – big things will start to happen.

Member: Could the government shutdown be cover for the RV?

Member: The shutdown doesn’t stop essential services….and if anyone doesn’t get paid during the shutdown…they get it as back pay shortly after its opened again.  So any hysterics about shutting it down is just drama for TV or click bait.

Member: IMO- Shutdown is the trigger to flip the switch to the new financial system! Doge is the cover story of where all the money is coming from for the normies. Ripple will be the mechanism for money movement.

Member: I’m wondering if DOGE has already finished auditing the Federal Reserve, the Treasury and Ft. Knox……and they just havn’t announced it yet.

MZ: The number one majority of all illegal activity in the entire world is financed by the US dollar…the green back. 90%+ of bad guys use the USD for nefarious reasons. That is according to the latest statistics. The number one currency used for illegal crime in the world is the USD.

Member: When we get our gold asset backed UST dollar…and get rid of the fiat USD…I bet all those bad guys will be stuck with pallets of worthless federal reserve notes in their warehouses and caves around the world….thats a big positive.

​​Member: Bruce said that this weekend is it!

Member: Iraq suspended work on the 17th?

Member: I am thinking Monday St. Pat's Day. Green means GO

Member: Hopefully we will be wearing gold by Saint Patrick’s Day

Member: IMO Iraq has to keep stalling while they wait for other pieces to be put in place, globally (IMO)

MZ: In Iraq: “Parliament awaits the arrival of the 2025 budget” They still expect it mid- month…or by the end of the month. They are being vague on purpose. I believe they are hiding a number in it... In this budget they state they are going to “support the local currency” and the development road projects are also a part of it.

Member: this weekend is “mid-month”

MZ: Iraq is also having conversations as to if the HCL oil and gas laws will finally reach fruition in this session….or not.

MZ: “Iran may lose Iraq: Trump and the possibility of promoting “fear” in nuclear negotiations”  In other words Iran is a Tick that feeds off of Iraq.  Iran cannot survive without Iraq. But right now those tentacles are being removed

MZ: Now “The IMF discusses Strengthening the Iraqi dinar”  I like this. Strengthening the Iraq Dinar means making it more valuable. And the IMF is openly talking about increasing the value of the dinar.

MZ: “Government advisor: Iraq is increasingly abundant and the Washington is dealing flexibly and positively”   They are working closely with the Us on removing Iranian influence and strengthen the Iraqi dinar. .  

​​Member: if the dinar were to go on it's own than would the dong and other currency come right after or would we have to wait awhile?

Member: I bet the rest would follow Iraq close after…..noone wants to be left behind.

Member: Why would they remove a whole season of the apprentice from the Internet ?Answer: in the final episode Trump gave finalists 100 Trillion ZIM bonds & told one day they would be worth a lot of money!

Member: What the difference between 1st & 2nd basket? Do they just go at different times?

Member: Those not ready yet go after the first basket….is what I was told. Either way most if not all countries will rest/RV at some point.

MZ: I don’t know if there will be a second basket. I have been told that after the first basket goes…the remaining countries will go as they are ready

​​Member: I just heard banks don’t have to be Basel 3 compliant till July 1st. Are we really going to have to wait that long?

MZ: I was told we do not need to wait for that for the RV to go.

Member: The clock is winding down on the great gifts coming.

Member: Wishing everyone love and light as we make this transition.

Member: Have a wonderful day…..God bless

StacieZ joins the stream today. Please listen to the replay for her information

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

Youtube:     https://www.youtube.com/watch?v=6aBXYSA-kQk

Seeds of Wisdom RV and Economic Updates Thursday Morning 3-13-25

Good Morning Dinar Recaps,

SEC VS RIPPLE: XRP LAWSUIT WRAPPING UP AS NEGOTIATIONS REACH FINAL STAGE—REPORT

Ripple’s high-stakes legal battle with the SEC may soon end, as negotiations reportedly center on vacating a key ruling that imposed a $125 million fine.

SEC vs. Ripple Nears Settlement? Report Suggests a Resolution Is Closer Than Eve

The U.S. Securities and Exchange Commission (SEC) case against Ripple regarding the sale of XRP could be nearing its conclusion, according to recent reports. The lawsuit, which has lasted over multiple years, has been a major point of contention in the cryptocurrency industry. 

Fox Business journalist Eleanor Terrett reported on social media platform X on March 12 that two sources indicated the case is in the process of wrapping up and may soon reach a resolution.

“Two well-placed sources tell me that the SEC vs. Ripple case is in the process of wrapping up and could be over soon,” she shared, adding:

My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125M fine on the company and included a permanent injunction preventing the company from selling XRP to institutional investors.

“The argument, I’m told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously-targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized?” she explained. 

“Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.”

Terrett noted that Ripple’s argument revolves around the SEC’s shifting stance on cryptocurrency regulation. With new leadership at the agency reportedly reconsidering enforcement actions against crypto firms, Ripple contends that it should not be penalized for alleged past violations. 

Since there is no precedent for this kind of legal situation, the case may be taking longer to resolve than other crypto-related enforcement actions.

Earlier this month, lawyer James Murphy, known as Metalawman on X, similarly speculated that the delay may stem from Ripple’s efforts to negotiate vacating Judge Torres’ decision rather than the SEC. While the ruling largely favored XRP holders, he noted that findings of securities law violations and an injunction could hinder Ripple’s future plans, such as an exempt securities offering or an IPO. Murphy suggested the SEC might have agreed to a settlement involving both parties dropping their appeals and Ripple paying a $125 million fine, but Ripple may be seeking better terms.

The SEC sued Ripple in December 2020, alleging it conducted an unregistered securities offering by selling XRP. The case has since become a pivotal legal battle in U.S. cryptocurrency regulation. However, the agency itself is undergoing substantial changes, with many crypto-related enforcement cases, such as those against Coinbase, Kraken, and Robinhood, being dropped.

The regulator’s stance on crypto appears to be shifting following the departure of former SEC Chair Gary Gensler. Under the new leadership, the SEC has established a task force to reassess its approach to crypto regulation. This shift may have influenced the negotiations between Ripple and the SEC as they work toward a resolution.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

TEXAS DOUBLES DOWN ON CRYPTO WITH NEW $250 MILLION BITCOIN RESERVE BILL

Texas' second crypto bill seeks to enhance state and local government participation in digital asset investments.

Texas has introduced a second crypto reserve bill, marking another significant step toward integrating Bitcoin into its financial framework.

According to a document released on March 11, the proposed legislation, HB 4258, seeks to allocate up to $250 million from the state’s economic stabilization fund for Bitcoin and other digital assets.

This marks the second attempt by the state to establish a digital asset reserve, following the earlier SB 778, which recently secured bipartisan support in the Senate.

Unlike the previous proposal, HB 4258 explicitly caps investment and extends participation to municipalities and counties, allowing them to allocate up to $10 million to digital assets. If approved and signed into law, the bill would take effect on Sept. 1, 2025.

Texas’ push for a Bitcoin reserve aligns with broader trends across the US, where 21 states are exploring similar frameworks at different legislative stages. Some states have active proposals, while others are still conducting evaluations.

President of the Texas Blockchain Council, Lee Bratcher, highlighted the state’s strategic position for Bitcoin adoption. He pointed to the Texas Triangle—Houston (energy), Austin (tech), and Dallas (capital markets)—as a convergence of industries that makes Bitcoin integration particularly viable.

Texas’ first Bitcoin bill

As previously stated, SB 778 focuses on integrating crypto into the state’s financial system by enabling tax payments and donations in digital assets.

It also seeks to impose a five-year restriction on selling state-owned Bitcoin. With Senate approval secured, the bill awaits a decision in the Texas House, expected by May 24.

Meanwhile, support for the initiative has been strong, with Texas Lieutenant Governor Dan Patrick calling the establishment of a Bitcoin reserve a strategic move that could set an example for other states.

He emphasized Bitcoin’s decentralized nature and finite supply, describing it as a valuable asset for Texas’ financial future. Patrick added:

“President Trump has stated unequivocally that he intends to make the United States the cryptocurrency capital of the world. His visionary leadership on Bitcoin and digital assets has paved the way for rapid American innovation, and Texas is leading the way.”

@ Newshounds News™

Source:  CryptoSlate

~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Thursday AM 3-13-25

Kurdistan Region Confirms Oil Sales Through SOMO: We Will Give Our Money To Baghdad

Iraqi oil refinery   energy   Economy News – Baghdad   The Kurdistan Regional Government (KRG) on Wednesday affirmed the region's firm position to implement an amendment to the budget law, allowing the region's oil to be exported and sold through SOMO, with the proceeds returned to the federal Ministry of Finance.

A statement issued by the Kurdistan Regional Government's Council of Ministers, seen by Al-Eqtisad News, said, "The President of the Council, Masrour Barzani, held a meeting attended by his deputy, Qubad Talabani, during which the Prime Minister instructed the Ministry of Finance and Economy to prepare a schedule for distributing salaries to Kurdistan Region employees for the month of February, after the deposit of 958 billion dinars into the ministry's account for that month."

The Council decided to begin distributing salaries starting tomorrow. All ministries and institutions were also tasked with preparing March payrolls as soon as possible and sending them to the Federal Ministry of Finance, with the goal of disbursing them before the Eid al-Fitr holiday.

The statement confirmed that "in the first part of the meeting, Kamal Mohamed Saleh, Acting Minister of Natural Resources, reviewed the latest developments in the joint meetings between the Ministry of Natural Resources and the Federal Ministry of Oil, in the presence of representatives of oil companies."

The minister explained the efforts being made to resume the region's oil exports within the framework of the federal budget law. The Council of Ministers commended the Ministry of Natural Resources' efforts to accelerate the process of resuming oil exports and its joint work with the Iraqi Ministry of Oil to resolve the obstacles related to the process.

The Council also affirmed the "regional government's firm position to implement the amendment to the budget law so that the region's oil is exported and sold through SOMO and its revenues are returned to the federal Ministry of Finance."   https://economy-news.net/content.php?id=53348

OPEC: Oil Prices Recorded A Significant Decline In February.

economy | 06:59 - 12/03/2025  Mawazine News – Baghdad  The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that oil prices recorded a significant decline in February, with the average OPEC basket falling by 3.2 percent to $76.81 per barrel.

OPEC added in its monthly report that "Brent crude futures also fell by 4.3 percent to $74.95, and West Texas Intermediate (WTI) crude fell by 5.2 percent to $71.21.

The report indicated that "extensive selling by global hedge funds contributed to increased volatility and accelerated the decline in prices."

Regarding global oil demand, OPEC expected in its report that it would grow by 1.4 million barrels per day in both 2025 and 2026, with a greater contribution from non-OECD countries.

In contrast, OPEC expected supply from countries not participating in the Declaration of Cooperation to grow by 1 million barrels per day in 2025 and 2026, driven by production from the United States, Brazil, Canada, and Norway.   https://www.mawazin.net/Details.aspx?jimare=260162

Al-Sudani's Advisor Denies Any Sanctions On Rafidain Bank And Confirms Continued Gas Supplies From Iran.

economy |12/03/2025  Mawazine News – Baghdad  The Prime Minister's advisor for foreign relations, Farhad Alaa Al-Din, denied the existence of US sanctions on Rafidain Bank.

While noting that the American exception regarding importing gas from Iran continues, he confirmed that some factions have offered to join the Popular Mobilization Forces under conditions. Alaa al-Din said in a televised interview:

“Iraq is a country well-versed in managing foreign affairs and has a legacy in that,” noting that “the philosophy of Prime Minister Mohammed Shia al-Sudani regarding foreign relations is that the Iraqi interest comes first, and from here the country’s foreign policy is adopted.” He added that “the path of the state and government, through the Ministry of Foreign Affairs, works from the starting point of Iraq’s interest first.”

Regarding Iraq’s relationship with the United States, Alaa al-Din indicated that “we had excellent and distinguished relations with the previous American administration,” noting that “the new American administration came with a set of promises to American voters, and part of these promises are related to the foreign policy of the United States, including ending the so-called endless wars.”

 He explained that “the American letter that we received does not contain the information circulating in the media,” noting that “US Representative Joe Wilson tweeted more than 200 tweets in 15 months and did not mention Iraq even once.”

He explained that “Joe Wilson attended a meeting with al-Sudani and was not He talked about Iraq before January 13, but after that date, he started tweeting about Iraq on a daily basis,” stressing that “the American authorities denied any connection to what Joe Wilson was talking about regarding Iraq.”

He pointed out that “the US Treasury denied any intention to punish Rafidain Bank, and that American companies are working to restructure Rafidain Bank and there is no intention to punish it,” noting that “the Prime Minister is busy and does not care about Joe Wilson’s tweets.”

He stressed that “Iraq has not been a priority for America since 2011,” stating:

“We are working to change the American view that Iraq is not part of the Iranian file.” Regarding the issue of armed factions, Alaa al-Din indicated that “the issue of factions is an internal discussion, not an external one,” stressing that “the dissolution of the factions is among the points of the supreme authority, Mr. Sistani, and the government program.”

 He continued, “Some factions have offered to join the Popular Mobilization Forces with conditions,” warning against restricting the weapons of the factions by force, as this leads to a civil war. He stressed that “the discussion about the fate of the factions occurs every day.

” Regarding the fate of the kidnapped Zionist researcher, Elizabeth Tsurkov explained that "Tsurkov entered legally and is protected from the government's responsibility," noting that "Tsurkov's continued absence will cause future problems for Iraq."

 He explained that "according to the government's information, Tsurkov is alive.

" Regarding the cancellation of the US waiver for importing energy from Iran, he indicated that "the cancellation of the waiver targeted the import of electricity, but the gas waiver continues," noting that "Turkey began importing gas from Turkmenistan via Iran after the implementation of US sanctions.

" Regarding the events in Syria, Alaa Al-Din said: "The events on the Syrian coast are not encouraging for Iraq to open up to the head of the Syrian administration, Ahmed Al-Sharaa," stressing that "ISIS obtained supplies and seized weapons in Syria, and Iraq is concerned about them."

He continued, "We have security cooperation channels with Syria."Regarding Iraq's relationship with China, he explained that "25% of Iraqi oil is purchased by China and we have a great interest in it," noting that "Iraq's relationship with China and Russia is commercial, not political.

" Regarding Iraq's relationship with Saudi Arabia, he indicated that "our relations with Saudi Arabia are at their best and there is no concern from Saudi Arabia about the development of Iraq's relationship with Qatar." He stressed that "Iraq is returning today to the Arab fold more than ever before," noting that "Iraq has transformed from an arena of conflict to an arena where countries meet."

He pointed out that "the path of development has transformed Iraq into an area where the interests of the countries of the region meet," stressing that "Iraq played a calming role between Iran and America, especially in Syria."

Regarding the presence of the international coalition in Iraq, he indicated that "nothing has changed with the agreement to end the international coalition in Iraq and we are awaiting the US administration's opinion on its presence," indicating that "the end of the international coalition will make Iraq determine the type of foreign forces it needs."
https://www.mawazin.net/Details.aspx?jimare=260152

Nearly One Billion Shares Were Traded On The Iraqi Stock Exchange During Today's Session.

Stock Exchange  Economy News – Baghdad  The Iraqi Stock Exchange traded nearly one billion shares today, Wednesday.  The value of the shares, which numbered more than 954 thousand, amounted to 1.4 billion dinars.  The market was able to conduct 738 transactions. https://economy-news.net/content.php?id=53338

Iraqi Ports: Plans To Establish An Industrial Zone And Large Companies In The Grand Faw Port.

Director General of Iraqi Ports Farhan Al-Fartousi  Money and Business  Economy News - Baghdad
The Iraqi General Company for Ports confirmed on Wednesday that it has reached advanced stages of contracting with an international company to manage and operate the Faw Port. It also indicated that a large package of projects will be announced at the Faw Port, similar to the refinery package.

“The fixed part of the submerged tunnel will soon be 100% complete, consisting of two lanes for outbound and two lanes for outbound, connected to the highway from the outside and to the submerged tunnel from the inside,” said Farhan Al-Fartousi, director of the Iraqi Ports Company, in a statement reported by the official news agency, and seen by Al-Eqtisad News.

He explained that “the submerged part consists of 10 concrete blocks, 11 meters high, 34 meters wide, 126 meters long, and weighing 45,000 tons, which were completely poured into a special basin called the (submerged tunnel basin).”

“After the sections were created, they were examined and prepared, and then the floating operations began, i.e. lifting them with water and transporting them to the designated location, and starting the process of submerging and connecting them to the fixed sections,”

he added, indicating that “our cadres and the companies working with us, namely the Italian company Technical, which is supervising, the Korean company Daewoo, which is implementing the project, and the Dutch company specializing in such work in the world, were able to connect the first section and place it in its place, and open it to the fixed section, and it became part of the tunnel.

We had a tour and presence in this section, and at the same time the cadres began floating the second section until it was formed. After the ten sections are connected, the tunnel will be completed and ready across both banks, whether the direction is from Umm Qasr to Al-Faw or vice versa.”

On the other hand, Al-Fartousi explained that "we have reached very advanced stages of contracting with a scientific company to manage and operate the port. We are awaiting the consulting company's opinion on the contracting mechanism, regulations, and other details. After that, the file will be presented to the Supreme Committee for approval, and we will proceed with the contract."

Al-Fartousi pointed out that "there is a large package of projects, including the naval base project, which will be contracted within a month or a month and a half, followed by the liquefied natural gas station project, in addition to the major project, which is a refinery within the port complex, and a petrochemical plant, which was contracted by the Ministry of Oil, and we are following up on this file, which will be operational soon."

He added, "We have a plan to establish an industrial zone, and there are communications and companies interested in entering into this major project. A large package of projects will soon be announced in the port of Faw, similar to the refinery package." https://economy-news.net/content.php?id=53344

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

4 Types of Financial Documents You Should Keep Together at All Times

4 Types of Financial Documents You Should Keep Together at All Times in Case of Emergency — Here’s Why

Adam Palasciano  Tue, March 11, 2025  GOBankingRates

Life is full of the unexpected. You never know when you may find yourself in dire straits or faced with an emergency that’s totally out of your control. Sadly, Americans are affected by weather-related disasters now more than ever before.

According to the NOAA’s National Centers for Environmental Information (NCEI), 2024 alone was full of “billion-dollar” weather-related natural disasters: There were 27 individual weather and climate disasters with at least $1 billion in damages, which is only one less than the record of 28 events in 2023. Last year’s natural disasters took nearly 600 lives and cost approximately $182.7 billion in total.

With natural disasters on the rise, you’ll absolutely need to be prepared for whatever comes your way. This includes having a “financial go bag” at the ready.

A financial go bag is basically what it sounds like: It’s a bag with everything related to your finances, identity, emergency contacts and medical information that you need to keep on your person.

Here are four specific categories of items you’ll want to be sure you have in your financial go bag.

Financial and Legal Documents

Having copies of any applicable financial and legal documents printed and at the ready is critical, according to the Federal Emergency Management Agency (FEMA). For example, if your home is destroyed in a fire, maintaining copies of these documents in your go bag may be the only physical proof you have of account ownership.

These include but are not limited to the following types of documents:

• Credit and debit card statements

• Checking account statements

• Savings account statements

• Retirement and investment account statements

• Utility bills

• Student loan statements

• Alimony and child support documents

• Elder care information.

Identification

When faced with a catastrophe, you’ll need to have at least a few forms of identification in your bag, according to FEMA.

TO READ MORE:  https://finance.yahoo.com/news/4-types-financial-documents-keep-150101110.html