
More News, Rumors and Opinions Friday Afternoon 3-21-2025
KTFA:
Clare: Video: Iraq's $17bn Trade Corridor to Bypass the Suez Canal
21st March 2025 in Construction & Engineering In Iraq,
By John Lee.
The Wall Street Journal has produced a video documenting Iraq's proposed 740-mile trade route between Asia and Europe - the Development Road.
KTFA:
Clare: Video: Iraq's $17bn Trade Corridor to Bypass the Suez Canal
21st March 2025 in Construction & Engineering In Iraq,
By John Lee.
The Wall Street Journal has produced a video documenting Iraq's proposed 740-mile trade route between Asia and Europe - the Development Road.
(Source: WSJ) LINK
Clare: New shipping line: Umm Qasr receives first mega-ship from South Korea
3/20/2025
On Wednesday, Farhan Al-Fartousi, Director of Iraq's Ports, announced the inauguration of a new maritime line with the arrival of a South Korean giant vessel at Umm Qasr Port.
In a statement to Shafaq News, Al-Fartousi described the launch of the new line as "an important historical step," noting that this journey is the first of its kind.
The first giant container ship of the South Korean company HMM arrived at Umm Qasr Ports, marking the beginning of a new era of trade cooperation between Iraq and South Korea.
"The ship is 366 meters long, with a maximum capacity of 16,000 containers, although it arrived with a lower load," Al-Fartousi added.
He emphasized that Iraq is working to strengthen cooperation with leading countries in maritime transport to "achieve the best economic benefits."
Al-Fartousi also anticipated a greater flow of goods and commodities through Iraq's ports in the future, "which will contribute to boosting trade activity and fostering national economic growth in Iraq."LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat I am going to show you the ...events that...can have a huge impact on moving forward with the reinstatement of the Iraqi dinar. These events include: 1. ...the direct implementation of the ASYCUDA SYSTEM at customs throughout Iraq. 2. ...the “White Paper” Pillars of Financial Reform... we know that the...efforts are all but fully completed. 3. ...the issue of the parallel market (black market) and the CBI now tells us they have to “kill it” permanently. 4. The Silk Road and Industrial Cities projects. 5. The US has already declared that Iraq must deal with the Iranian militia...According to the US president, Iraq must reverse its course from an Iranian puppet state. 6. The passing of the Oil and Gas law... I firmly believe that it will be convergence of these six (6) activities above that will get us the reinstatement back to FOREX.
Frank26 In the beginning, the exchange rate is looking for at least 1 to 1 with the American dollar, not to be matched with it but to be paired with it and possibly a basket of international currencies with value for each other. Then later on the Real Effective Exchange Rate will come in a float...As the whole world uses your currency it will climb in international value by trading it...using it...selling it, by crossing it from bank to bank, platform to platform. The dinar will grow internationally, then at that point the CBI will control this financial growth of your exchange rate by monitoring it and then capping it at a specific number that was tested and approved through the RV phase of your monetary reform.
s the Bank of England Being Cleaned Out of Gold? "Countries Should Be Worried" - Mike Maloney
3-20-2025
Are we witnessing a modern-day bank run on gold reserves at the Bank of England? In this riveting episode, Mike Maloney and Alan Hibbard delve into the tidal wave of gold leaving London for Switzerland—ultimately bound for U.S. exchanges.
Discover why global ETFs are hitting record-breaking inflows, why countries around the world should be worried about their gold, and what it all means for the next phase of this massive gold bull market.
DOGE Races to Repatriate US Gold - LFTV Ep 215
Kinesis Money: 3-21-2025
n this week’s Live from the Vault, Andrew Maguire reflects on the Federal Reserve’s focus on large-scale bullion repatriations ahead of the US Treasury gold audit, driven by Trump’s initiative, and its impact on both the gold market and EFP spreads.
Andrew also examines how these moves, combined with intensifying central bank buying and shifting market dynamics are strengthening gold demand, while paper gold positions face increasing pressure ahead of Basel III compliance in July 2025.
Timestamps:
00:00 Start
01:50 Gold price outlook for Q2
08:05 Gold & silver charts and market analysis
17:25 How Trump's tariffs triggered the Fed’s gold repatriation efforts
25:05 Surge in US fund managers buying COMEX and ETFs
30:30 Silver poised for a strong rally towards $38
BRICS Just Took Another Step against the US Dollar
BRICS Just Took Another Step against the US Dollar
Geopolitical Analyst: 3-20-2025
The landscape of global finance is shifting, and the BRICS nations – Brazil, Russia, India, China, and South Africa – are at the forefront of a potential revolution.
In a bold move that challenges the long-standing dominance of the US dollar, BRICS finance ministers recently finalized a new payment mechanism designed to bypass the dollar in international trade.
But what does this actually mean, how will it affect the flow of goods and money around the world, and most importantly, how could it impact you?
BRICS Just Took Another Step against the US Dollar
Geopolitical Analyst: 3-20-2025
The landscape of global finance is shifting, and the BRICS nations – Brazil, Russia, India, China, and South Africa – are at the forefront of a potential revolution.
In a bold move that challenges the long-standing dominance of the US dollar, BRICS finance ministers recently finalized a new payment mechanism designed to bypass the dollar in international trade.
But what does this actually mean, how will it affect the flow of goods and money around the world, and most importantly, how could it impact you?
For years, the BRICS nations have been subtly chipping away at the US dollar’s seemingly unshakeable reign. This recent agreement marks a significant escalation, signaling a clear intention to de-dollarize international trade and reclaim economic sovereignty. But why is this such a monumental development?
The US dollar has been the world’s undisputed reserve currency for decades, facilitating over 88% of global foreign exchange transactions. Its stability and widespread acceptance have made it the go-to currency for international trade and a crucial asset for many nations to stabilize their economies. However, the BRICS nations are now resolutely saying, “No more.”
The recent steps taken by the BRICS nations are already sending ripples throughout the global financial system. The international monetary order, which has been heavily reliant on the US dollar for decades, is facing an unprecedented challenge. If these trends continue, the dollar’s dominance could weaken considerably over the next decade.
A key driver behind this shift is the growing frustration amongst many countries, particularly in the developing world, regarding their dependence on the US-led financial system.
The present global financial infrastructure grants the US considerable leverage over other nations, enabling Washington to impose sanctions, restrict access to the SWIFT payment system, and influence international lending institutions like the International Monetary Fund (IMF) and the World Bank.
The BRICS nations’ move to de-dollarize is not just a financial maneuver, it’s a statement of intent. It represents a desire for greater economic independence and a challenge to the established global financial order.
As this movement gains momentum, it will undoubtedly reshape the future of global trade and have a ripple effect on economies and individuals around the world. It’s a development worth watching closely, as it could redefine the economic landscape for years to come.
Coffee with MarkZ and Mr. Cottrell. 03/21/2025
Coffee with MarkZ and Mr. Cottrell. 03/21/2025
Mark has been taken off youtube for a week. So try Rumble and Twitch this week to find him
The rolling chat does not work well on Rumble…so cannot easily post member questions or comments… Notes will be very short this week.
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
Coffee with MarkZ and Mr. Cottrell. 03/21/2025
Mark has been taken off youtube for a week. So try Rumble and Twitch this week to find him
The rolling chat does not work well on Rumble…so cannot easily post member questions or comments… Notes will be very short this week.
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: We were hoping to have youtube back today….but not yet. We should be in out last 24 hours so I do expect Saturday Mornings podcast to be back on youtube.
Member: Did you hear President Trump say April 2 is “Liberation Day”?
MZ: Yes…it’s a big conversation around the world
Member: We all wonder liberation from what? The Cabal, fiat money, taxes? Inquiring minds want to know.
Member: Reciprocal tariffs start on April 2nd
Member: Fun fact: It was US mint for the Coin Act April 2, 1792
MZ: I do have a wealth management crew trained in doing redemptions that is working tomorrow. They do not yet know if they are also working on Sunday.
MZ: We have some groups that are scheduling staffing for “CURRENCY” exchanges. They are letting them know when to be there. So, things appear to be moving forward.
MZ: I do not know the timing. Do I think it’s this weekend? It’s possible…but I do not know it’s certain. .
Member: (from Dinar Guru) Mnt Goat I am going to show you the ...events that...can have a huge impact on moving forward with the reinstatement of the Iraqi dinar. These events include: 1. ...the direct implementation of the ASYCUDA SYSTEM at customs throughout Iraq. 2. ...the “White Paper” Pillars of Financial Reform... we know that the...efforts are all but fully completed. 3. ...the issue of the parallel market (black market) and the CBI now tells us they have to “kill it” permanently. 4. The Silk Road and Industrial Cities projects. 5. The US has already declared that Iraq must deal with the Iranian militia...According to the US president, Iraq must reverse its course from an Iranian puppet state. 6. The passing of the Oil and Gas law... I firmly believe that it will be convergence of these six (6) activities above that will get us the reinstatement back to FOREX.
MZ: In those white papers they talk about lifting the purchasing power of all Iraqis and a new exchange rate. The only way to kill the parallel market is to change the value. Mnt.Goat had a great one today.
MZ: “Iraq attempts to encourage Amazon to build facilities in Iraq” At their current rate-Why would Amazon go??? Financially it wouldn’t make much sense unless they were ready for prosperity of Iraqi citizens. I think this might be a clue.
MZ: “Khamenei defies Trumps threats: You will receive a strong slap if you move against Iran” I think he is used to presidents threatening but never do anything…..Trump is different. He does what he says. No hidden meanings here.
MZ: “China flexes rare earth dominance with million tonne discovery” They already control about 60% of the production of rare earth minerals in the world. There have been a number of big finds like this recently. Big announcement from Australia last week. Also Uganda.
MZ: We know whenever the fiat cycle breaks – it moves to commodities and countries are starting to position themselves with commodities to support the values of their currencies.
Member: How long until tier 4b and tier 5 go?
MZ: Tier 5 doesn’t really count. It’s the public who did not go with tier 4. My guess is they will put tier 4a and tier 4b through then a week or two after that an announcement will be made for the general public.
Member: Can we give our two weeks notice yet
Member: Let's pray that this is our weekend!
Mr. Cottrell joins the stream today. Please listen to the replay for his opinions and 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
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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
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Seeds of Wisdom RV and Economic Updates Friday Morning 3-21-25
Good Morning Dinar Recaps,
SEC’S OFFICIAL STATEMENT ON RIPPLE LAWSUIT STILL PENDING: HERE’S WHAT WE CAN EXPECT
Brad Garlinghouse, CEO of Ripple, recently announced that the SEC has finally dropped its appeal against Ripple, marking the end of a lengthy legal battle that lasted over three years. The SEC has decided not to pursue further legal action, confirming that Ripple is no longer under threat from the regulatory body.
This decision has had an immediate impact on XRP’s price, which surged following the announcement. The legal saga, which began with the SEC’s claim that Ripple violated securities laws by selling XRP, has been a major point of contention in the cryptocurrency space.
Good Morning Dinar Recaps,
SEC’S OFFICIAL STATEMENT ON RIPPLE LAWSUIT STILL PENDING: HERE’S WHAT WE CAN EXPECT
Brad Garlinghouse, CEO of Ripple, recently announced that the SEC has finally dropped its appeal against Ripple, marking the end of a lengthy legal battle that lasted over three years. The SEC has decided not to pursue further legal action, confirming that Ripple is no longer under threat from the regulatory body.
This decision has had an immediate impact on XRP’s price, which surged following the announcement. The legal saga, which began with the SEC’s claim that Ripple violated securities laws by selling XRP, has been a major point of contention in the cryptocurrency space.
Fox Business journalist Eleanor Terrett responded, explaining that the SEC still needs to formally approve the withdrawal of its appeal. Once the Commission gives the green light, they can expect a press release similar to the one issued earlier this year when the SEC dismissed its lawsuit against Coinbase.
Terrett added that the SEC typically addresses matters of litigation and enforcement during their closed meetings. The dismissal of the Ripple case will likely be discussed at one of these meetings, which is scheduled for next Thursday.
@ Newshounds News™
Source: Coinpedia and Twitter
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RIPPLE CEO PREDICTS NEW RLUSD CRYPTO TO BE TOP 5 STABLECOIN BY YEAR END FOLLOWING SEC’S DROPPED XRP LAWSUIT
Ripple CEO Brad Garlinghouse says the firm’s dollar-pegged crypto asset will become a top stablecoin by the end of the year after the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against the payments platform.
In a new interview, Garlinghouse says that RLUSD – which launched in December 2024 – will grow into a top-five stablecoin after the regulatory agency dropped its lawsuit against Ripple Labs for allegedly violating securities law.
According to Garlinghouse, the stablecoins sector of the industry should see massive growth in the next few years.
“I think we’re underestimating how big [stablecoins] might get. Today, that market is about $230 billion. Some smart people think that may go up 10x in the next five years – I think that’s probably right…
Ripple launched its own stablecoin at the end of the last year that’s already ahead of our own internal forecast in terms of where we are at this point…
We’re still really small, but the goal is by the end of the year, for RLUSD, Ripple’s stablecoin, to be one of the top five in the market, and I think the whole market is going to grow dramatically this year.”
Earlier this week, the SEC announced it is dropping its case against Ripple Labs for allegedly selling unregistered securities, causing XRP, the digital asset associated with the firm, to rally.
Ripple was initially sued by the SEC in 2020, but a judge in 2022 ruled that the open-market sales of XRP to retail investors do not qualify as securities.
XRP is trading for $2.47 at time of writing, a 2.4% decrease on the day while RLUSD has a market cap of $169.6 billion.
@ Newshounds News™
Source: DailyHodl
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2 Ways an Economic Downturn in 2025 Is Your Chance To Get Rich
2 Ways an Economic Downturn in 2025 Is Your Chance To Get Rich, According to Robert Kiyosaki
Adam Palasciano Wed, March 19, 2025 GOBankingRates
Economic downturns are inevitable from time to time. Whether it’s a minor dip in the stock market or something as significant as 2008’s Great Recession, we all need to be financially prepared for whatever lies ahead. However, whatever’s coming next might be big, perhaps as big as the Great Depression.
In a recent post on X, financial expert and “Rich Dad Poor Dad” author Robert Kiyosaki predicted the next “Greater Depression” in 2025:
2 Ways an Economic Downturn in 2025 Is Your Chance To Get Rich, According to Robert Kiyosaki
Adam Palasciano Wed, March 19, 2025 GOBankingRates
Economic downturns are inevitable from time to time. Whether it’s a minor dip in the stock market or something as significant as 2008’s Great Recession, we all need to be financially prepared for whatever lies ahead. However, whatever’s coming next might be big, perhaps as big as the Great Depression.
In a recent post on X, financial expert and “Rich Dad Poor Dad” author Robert Kiyosaki predicted the next “Greater Depression” in 2025:
“In 2014 I published RD’s Prophecy predicting the biggest stock market crash in history. Unfortunately that ‘prophecy’ is coming true, in 2025. Markets are crashing and my concern is the world may be entering into another ‘Greater Depression,'” said Kiyosaki.
Under the new administration, The Wall Street Journal reported that the S&P 500 recently saw its biggest drop in years, down more than 10% from its February 19, 2025, record high. This drop can likely be attributed to Trump’s threat of upcoming tariffs on foreign nations.
No matter the exact reason, economic uncertainty may lie ahead and you’ll need to be prepared. This includes figuring out how to grow your wealth at the same time.
Here are two important ways to leverage an economic downturn to get rich, according to Kiyosaki.
Invest in Gold, Silver and Bitcoin
Kiyosaki is a proponent of investing in precious metals like gold and silver as well as cryptocurrency like bitcoin (BTC) ahead of an expected economic downturn.
“For years I have [advised] people to do what I do …. which is buy gold, silver and bitcoin,” said Kiyosaki.
Here are the current prices of gold, silver and bitcoin to prove his point:
According to APMEX, the price of gold is reaching an all-time high. The current price per 1 troy ounce of gold is around $3,013.40. This figure represents about a 13.7% increase from just three months ago and a giant 43.5% increase from just one year ago.
APMEX also reported that the price per 1 troy ounce of silver is around $33.96. This figure represents about a 10.7% increase from just three months ago and a significant 45.1% increase from just one year ago.
TO READ MORE: https://www.yahoo.com/finance/news/2-ways-economic-downturn-2025-200122152.html
News, Rumors and Opinions Friday AM 3-21-2025
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 Fri. 21 March 2025
Compiled Fri. 21March 2025 12:01 am EST by Judy Byington
Judy Note: It was all about money. Just in the past four weeks the Trump/Musk DOGE investigations have verified a mind boggling Deepstate money laundering scheme: the U.S. Treasury cannot account for $4.1 trillion in payments.
That amounts to over a third of the National Debt – which was supposedly owed to the privately owned by bankers of the Deepstate Federal Reserve as a result of them charging US Taxpayers interest to use their own monies – the US Dollar having been made fiat long ago by the same Deepstate perpetrators.
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 Fri. 21 March 2025
Compiled Fri. 21March 2025 12:01 am EST by Judy Byington
Judy Note: It was all about money. Just in the past four weeks the Trump/Musk DOGE investigations have verified a mind boggling Deepstate money laundering scheme: the U.S. Treasury cannot account for $4.1 trillion in payments.
That amounts to over a third of the National Debt – which was supposedly owed to the privately owned by bankers of the Deepstate Federal Reserve as a result of them charging US Taxpayers interest to use their own monies – the US Dollar having been made fiat long ago by the same Deepstate perpetrators.
Global Currency Reset:
Thurs. 20 March 2025 Bruce:
There were 18 currencies in the World going up in value.
The Dinar has (allegedly) revalued.
The new currency rates were now (allegedly) on the Bank, Redemption Center and Forex screens and populating up in value.
Tier4b (Us, the Internet Group) would not receive our appointments until the rates were solid on the screens, which they weren’t yet.
The Forex screen rate is not the rate we would receive at the Redemption Center, which would be (allegedly) higher except for the Dong.
Bond Holders were going into Reno and Miami (not Zurich or New York) to redeem their bonds and will likely have access to their accounts by Sat. 22 March.
Tier4b (us, the Internet Group) will (allegedly) receive notification to set redemption appointments sometime between Fri. 21 March and Tues. 25 March.
Wed. 19 March 2025 Wolverine: Gold backed currency (allegedly) started Tues. 18 March. People in Colombia are getting paid on the bond. Good news from Zurich.
Wed. 19 March 2025 Mike Bara: I have been told Zurich and Reno are paying out. I have reports that things were extremely active in Reno. Exchanging money, money flowing. Different groups of people from those we were hearing from. I have been told of people being paid in Zurich.
Wed. 19 March 2025 Jen: What we got on Monday is that most paymasters have funds to distribute. They will (allegedly) do so this week. Approximately 90% complete on other tiers.
Wed. 19 March 2025 Elaina: I have been tracking a lot of pieces of data for money movements and watching various centers of influence. This morning, I observed 30 private aircraft fly into Reno in very quick succession. Between 900am and 945am PST. A US Government Learjet came in at 830am PST. There was also a higher than normal number of private aircraft that arrived into Zurich in the last 24 hours.
Global Currency Reset – It’s Happening Now! …Quantum Financial System on Telegram
The Storm Has Arrived! The gold-backed financial system has BEGUN. Reports confirm payouts are moving FAST in Colombia, Zurich, and Reno. This is the moment we’ve been waiting for. Iraq’s codes are (allegedly) being released. The revaluation is imminent. Paymasters are locked in, and high-level banking elites are scrambling.
MONEY IS MOVING. Once Reno is fully confirmed, within HOURS the Dinar will revalue. The pieces are falling into place! The corrupt fiat system is crumbling in real time. Sources from Zurich and Reno confirm large payouts happening NOW. If Reno is active, the Dinar RV will explode within 72 hours—or even TONIGHT.
Massive financial movements cannot be ignored. Private jets flooded Reno and Zurich in rapid succession, and a U.S. Government Learjet landed at 8:30 AM PST. What are they preparing for? The answer is clear: Tier 4B is about to be unleashed.
TRUMP CLEARED THE PATH! The Deepstate minions in Iraq were eliminated so that Iran couldn’t interfere with this reset. The Cabal fought to delay it, but they failed. Trump’s operatives ensured Iraq could proceed without retaliation. The result? The Forex rates are ready to shift. This is financial warfare, and we are WINNING.
Banks are already showing the new rates! Chase & JP Morgan screens confirm skyrocketing values: IQD: $5.23 VND: $3.89
The system is nearly 90% complete. Notifications are set to drop ANY MOMENT. Emails will start rolling out AS SOON AS TODAY. Do NOT be caught off guard—have everything prepared.
THE FINAL COUNTDOWN HAS BEGUN! Keep an eye on your emails. The next 24 hours could change EVERYTHING. The fiat system is on life support, and the new financial era is about to begin. STAY READY. IT’S HAPPENING!
Read full post here: https://dinarchronicles.com/2025/03/21/restored-republic-via-a-gcr-update-as-of-march-21-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I very strongly believe as the cards are being dealt out, we investors of the Iraqi dinar are holding a trump card...Security and stability is the only thing that we need. Do we need to calculate the exchange rate? No. The RV phase took care of that over a dozen years ago. Do we need to get the banks up to modern technology, up to par with the rest of the international world? No, the US Treasury is on the ninth floor, the whole freaking floor! ...Do you think that's for 1310? No, I don't Frank. Well good for you then because you hold a trump card don't you? Yes you do.
MarkZ [via PDK] Question: Mark do you think there’s a chance this could go into April? No – I do not. IMO, There is a possibility that exchanges could go into April…just because exchanges could take awhile. I do have 3 different groups that have expressed to me their expectations to be processed over the weekend. If this happens it is highly possible to see 4a moving over the weekend...I already have some wealth managers/redemption folks tell me they are scheduled to work this weekend.
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Fed Chair Jerome Powell: ‘Uncertainty Today Is Unusually Elevated’
Kitco News: 3-20-2025
The Federal Reserve kept interest rates unchanged in a range of 4.25% to 4.5%, with policymakers projecting two rate cuts coming in 2025.
The Fed’s economic outlook also called for higher inflation and lower economic growth.
At his press conference following the central bank’s March decision, Fed Chair Jerome Powell stated: “Uncertainty today is unusually elevated,” adding that “policy is not on a preset course.”
“Tidbits From TNT” Friday Morning 3-21-2025
TNT:
Tishwash: Minister of Finance Stresses Importance of Modernizing Debt Management and Financial Analysis from Geneva
Minister of Finance Taif Sami stressed the importance of modernizing debt management and committing to developing financial management mechanisms and enhancing transparency to support economic sustainability.
The Ministry of Finance stated in a statement received by the Iraqi News Agency (INA), "Minister of Finance Taif Sami participated today, Thursday, in the opening session of the United Nations Trade and Development Advisory Group meeting taking place in Geneva. The meeting aims to enhance the efficiency of debt management and develop financial analysis mechanisms in line with national and international strategies."
TNT:
Tishwash: Minister of Finance Stresses Importance of Modernizing Debt Management and Financial Analysis from Geneva
Minister of Finance Taif Sami stressed the importance of modernizing debt management and committing to developing financial management mechanisms and enhancing transparency to support economic sustainability.
The Ministry of Finance stated in a statement received by the Iraqi News Agency (INA), "Minister of Finance Taif Sami participated today, Thursday, in the opening session of the United Nations Trade and Development Advisory Group meeting taking place in Geneva. The meeting aims to enhance the efficiency of debt management and develop financial analysis mechanisms in line with national and international strategies."
She added, "The session addressed the follow-up on the implementation of the Data Management Financial Services (DAMFAD) program for the period from 2020 to 2024, in addition to discussing the strategic plan for the next period (2025-2028), with a focus on ways to continuously develop and update the approved mechanisms.
The meeting also included a discussion session bringing together current and potential users of DAMFAD, providing an opportunity to exchange experiences and opinions to enhance the quality of services provided."
She continued, "As part of enhancing international cooperation, a donor consultation meeting was held to expand the financial support network. This reflects the Ministry of Finance's commitment to working together with all relevant stakeholders to achieve national financial goals.
The conference also witnessed the release of the seventh generation of the DAMFAD system, with the United Nations Conference on Trade and Development (UNCTAD) affirming its continued support for the Ministry of Finance and the Public Debt Department. UNCTAD representatives expressed their willingness to provide the necessary training for public debt cadres on the new system, which will contribute to enhancing debt management efficiency and achieving greater financial transparency."
During the conference, the Minister emphasized the importance of modernizing debt management and the commitment to developing financial management mechanisms and enhancing transparency to support economic sustainability.
This event is an important step within the Ministry's strategy to achieve higher financial efficiency, enhance economic stability, and build greater confidence in the national financial system. link
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Tishwash: A source told Baghdad Today the reason for the stalled oil negotiations between Baghdad and Erbil.
An informed source reported on Thursday (March 20, 2025) that the meeting between the delegations of the federal government and the Kurdistan Region increased tensions between the two parties, instead of reaching solutions.
The source added to Baghdad Today that "the reason for this is the federal delegation's insistence on handing over management of the central oil fields, which are managed by the regional government."
He pointed out that "the federal authorities insist on handing it over to them, so that the British company BP can invest in it."
He concluded by saying, "During the meeting, it was decided to send specialized technical teams to monitor the progress of work in the fields, audit production volumes, and monitor the quantities being exported by truck."
In turn, the regional government spokesman, Peshwa Hawrami, said, "We have declared since the beginning of the dispute with the federal government that we have nothing to hide regarding financial matters, oil, and other issues."
Kurdistan Regional Government Prime Minister Masrour Barzani had previously stated that the contract between the British company and the Iraqi government concerned "disputed areas."
It's worth noting that the Kurdistan Region of Iraq lost approximately $20 billion in oil revenues as a result of the Iraqi government's victory in a case at the International Court of Justice, which barred Turkey from exporting resources from the Kurdistan Region without first obtaining the approval of the Baghdad government. The ban on exporting resources from the region remains in place to this day. link
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Tishwash: Central Bank: Digital currency reduces cash flow outside banks
On Thursday, March 20, 2025, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described digital currency as "limiting the flow of cash outside banks." He also spoke of a plan to establish a data center that would serve as a foundation for digital transformation.
The Iraqi government faces challenges in managing dinar liquidity, as it suffers from a chronic shortage of this currency, affecting its ability to meet its financial obligations to pay employee salaries, repay debts, and finance projects.
Al-Alaq said in a press statement followed by Al-Jabal, "Financial technologies are developing rapidly, in line with the requirements of the financial and banking sector in terms of speed, accuracy, and economic efficiency, in addition to transparency and oversight. The reality of the digital revolution is imposing itself on all sectors, including the financial and banking sector, which stands to benefit most from the major transformations taking place."
He added, "Digital currency can serve many purposes, limiting the flow of cash outside banks and achieving a high degree of transparency, as funds can be tracked, whether in consumption, investment, savings, or even in legitimate and illegitimate businesses. It also provides important databases for analytical purposes, not just for the movement of paper money. In addition, digital currency offers economies of scale, including the ability to print and track currency."
Al-Alaq explained, "We have begun taking steps in coordination with international organizations to review initial experiments in the digital currency file, which we do not wish to delay." He noted, "There are existing experiments in some countries in the region, and we are also following up with the Arab Monetary Fund to develop appropriate steps in this direction, and what is required is infrastructure."
He continued, "The Central Bank possesses advanced infrastructure. The new bank building houses a sophisticated data center, and we are working to establish a data center that will represent a successful foundation for digital transformation."
The Central Bank of Iraq previously announced its move to issue a digital currency as an alternative to paper currency, a shift that could reshape the payments landscape and the national economy entirely.
This move comes in response to "increasing challenges in managing traditional cash," amid a global trend toward financial digitization.
Al-Alaq said, "The financial and banking system will witness fundamental transformations, including the decline of paper currencies and their replacement by digital payments by central banks."
He explained that "the Central Bank is moving to create its own digital currency to gradually replace paper transactions, as is happening at some central banks around the world link
Mot: Was going to Scratch this un - but NO!! - Decided to Share anyways
Mot HUH!!!????
Seeds of Wisdom RV and Economic Updates Thursday Evening 3-20-25
Good Evening Dinar Recaps,
JUST IN: PRESIDENT TRUMP DECLARES END TO CRYPTO ‘WAR’
At the Digital Asset Summit 2025, President Donald Trump spoke via video, sharing his vision for the U.S. to lead in the world of crypto and financial technologies. He expressed that while it won’t be easy, the U.S. is already ahead, having hosted the first-ever White House Digital Summit just two weeks ago.
The summit brought together top leaders in the crypto space for discussions led by Crypto Czar David Sachs. Trump also reflected on his recent executive order to create a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, which will help the government maximize the value of its crypto holdings, unlike the previous administration’s actions.
Good Evening Dinar Recaps,
JUST IN: PRESIDENT TRUMP DECLARES END TO CRYPTO ‘WAR’
At the Digital Asset Summit 2025, President Donald Trump spoke via video, sharing his vision for the U.S. to lead in the world of crypto and financial technologies. He expressed that while it won’t be easy, the U.S. is already ahead, having hosted the first-ever White House Digital Summit just two weeks ago.
The summit brought together top leaders in the crypto space for discussions led by Crypto Czar David Sachs. Trump also reflected on his recent executive order to create a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, which will help the government maximize the value of its crypto holdings, unlike the previous administration’s actions.
Trump went on to criticize the past administration’s approach to crypto, particularly its regulatory actions, calling them a misuse of government power. He said that with his leadership, the U.S. is ending this regulatory “war” and promised a more supportive environment for crypto.
Trump also called on Congress to pass clear, sensible regulations for stablecoins and market structures, which would help boost innovation and investment in the industry.
“We are ending the previous administration’s regulatory war on crypto and Bitcoin, which includes stopping the lawless ‘Operation Chokepoint 2.0.’ This operation went far beyond regulation — it was a form of government weaponization, and frankly, it was a disgrace. But as of January 20, 2025, all of that is over,” he said.
He concluded by expressing excitement about the energy of the crypto community, believing it embodies the spirit that built America, and reaffirming that the future of finance will be led by the U.S.
The Strategic Bitcoin Reserve will hold about 200,000 bitcoins that have been seized by federal agencies. The U.S. Digital Asset Stockpile will include other types of digital assets, also seized through legal processes.
The Treasury will oversee these assets and decide how to manage or sell them if needed. The goal of this executive order is to centralize and properly manage the country’s digital assets, ensuring their value is maximized.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
TRUMP IS TAKING ON THE FED—WITH CRYPTO AS THE TIP OF THE SPEAR
Anticipated moves by President Trump and Senate Republicans appear intent on using crypto policy to achieve a broader goal: ending the Fed’s independence.
As President Donald Trump continues to test the limits of executive authority by reshaping all manner of U.S. government agencies, one such battle appears poised to rope in the cryptocurrency industry: a brewing war against the Federal Reserve and its publicly stated mission to remain independent.
Since the early 1950s, the Fed has enjoyed final say on key decisions related to the American banking system and U.S. monetary policy. Now the Trump administration and its Republican allies in Congress appear intent on taking over some of that decision-making—first and foremost via numerous crypto-related policy initiatives.
As Decrypt reported last week, the White House is planning to soon issue another cryptocurrency-focused executive order that will, among other things, likely direct the Fed to change its policies on withholding coveted master accounts from so-called crypto banks—financial institutions that possess banking licenses but also offer crypto custody services to their clients.
Master accounts, which allow banks to access the Fed’s financial services, are crucial for serving customers at scale. Should crypto banks finally receive such approval, the development would constitute a massive victory for the digital assets industry.
Only the precious few crypto-focused banks that are registered as depository institutions, such as Kraken Financial, a subdivision of the cryptocurrency exchange Kraken, and Caitlin Long’s Custodia, would be immediately eligible to receive master accounts.
Master account approvals have, for decades, been the final say of the Fed’s seven-member board of governors. And while those governors are appointed by the president, their decisions have not been openly overridden by the executive branch ever since an informal agreement granted them policy-making independence in 1951, according to the Fed.
Last month, Trump laid the groundwork to begin undoing that understanding by signing an executive order declaring he had the right to dictate the Fed’s policies related to the “supervision and regulation of financial institutions.” That policy category would likely include the Fed’s decision-making related to master accounts.
Trump’s order did make the caveat that the Fed will continue to shape its own “monetary policy” on sensitive matters like interest rates. But efforts are brewing in Washington to undo even the Fed’s monetary policy independence—and once again, those plans run straight through the crypto industry.
Last week, Sen. Cynthia Lummis (R-WY) introduced a bill, the Bitcoin Act, that would obligate the U.S. government to buy some $80 billion worth of Bitcoin in an effort to bolster a federal Strategic Bitcoin Reserve. That huge sum of crypto would be paid for, chiefly, by a scheme that would compel the Fed to have its Nixon-era gold certificates reissued at market prices.
Because gold has appreciated by some 6,000% in the intervening years, new gold certificates would theoretically be worth hundreds of billions more than the old ones. The Fed would receive these new, more valuable certificates—but then have to immediately fork over $80 billion to the Treasury Secretary to fund Bitcoin purchases.
A Capitol Hill source with direct knowledge of the thinking that went into the Bitcoin Act told Decrypt that no one has yet tried to tap into such a fundraising mechanism because, for decades, legislators and presidents alike have been hesitant to explicitly direct the Fed.
That position has now changed.
“The view [behind the Bitcoin Act] is in line with the president’s, that there’s no such thing as an independent agency,” the source said. “The Federal Reserve can be instructed, especially through legislation.”
The Capitol Hill insider added that Republicans have likely been emboldened in recent years to take a stronger stance on overseeing the policies of ostensibly independent federal agencies because of the perceived politicization of these agencies, exemplified by the alleged political targeting that took place in the anti-crypto “Operation Chokepoint 2.0.”
Trump is by no means the first president to push against the Fed’s independence in the modern era. Presidents from both parties have pressured the Fed to enact or undo certain policies.
In 1965, President Lyndon Johnson went so far as to physically assault then-Fed chair William McChesney Martin over a disagreement about raising interest rates, according to one biographer.
But still, since the 1950s, no president has successfully managed, or meaningfully tried, to rip key decision-making powers back from the Fed’s governors—at least not explicitly.
Should Trump and his congressional allies keep pressing forward on that goal—and should crypto policy become the tip of that spear—how might the digital assets industry react?
One crypto lobbyist told Decrypt that the Trump administration appears to be using crypto-related policy as a “test case” for reclaiming control over independent agencies.
On one hand, those efforts could unlock crucial victories crypto leaders wouldn’t have dared dream of even a year ago.
On the other hand, the same moves could not only end up in contentious litigation, but also associate the crypto industry—which has tried desperately to avoid political polarization—with a precedent-bucking agenda that is increasingly testing the limits of the U.S. Constitution.
“I can't tell yet if it’s a good thing or a bad thing,” the crypto lobbyist said. “But we’ll take it. Right?”
@ Newshounds News™
Source: Decrypt
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4 Common Mistakes Affluent Americans Make With Their Money
4 Common Mistakes Affluent Americans Make With Their Money — and How To Avoid Them
Vance Cariaga Tue, March 18, 2025 GOBankingRates
Affluence, like beauty, is often in the eye of the beholder. What looks like wealth to one person might not seem that way to others — especially if that “wealth” is offset by high debt and reckless spending. Just because someone earns a high salary doesn’t make them immune to the same financial mistakes as everyone else.
Even defining “affluence” isn’t easy. As Forbes reported, many factors go into determining someone’s wealth — including net worth, household income and location. A net worth of $500,000 might make you affluent in some parts of the country, while in other parts even $1 million falls short of the mark.
4 Common Mistakes Affluent Americans Make With Their Money — and How To Avoid Them
Vance Cariaga Tue, March 18, 2025 GOBankingRates
Affluence, like beauty, is often in the eye of the beholder. What looks like wealth to one person might not seem that way to others — especially if that “wealth” is offset by high debt and reckless spending. Just because someone earns a high salary doesn’t make them immune to the same financial mistakes as everyone else.
Even defining “affluence” isn’t easy. As Forbes reported, many factors go into determining someone’s wealth — including net worth, household income and location. A net worth of $500,000 might make you affluent in some parts of the country, while in other parts even $1 million falls short of the mark.
A recent survey from financial services provider Equitable defined the “mass affluent” as Americans who have an income level at or above $90,000 per year. According to that survey, 80% of all Americans are “concerned” about the affordability of everyday living costs, regardless of income. Nearly half aim to change their financial habits in 2025 to ease financial stress. Almost 70% of the mass affluent said they plan to increase their savings by $500 or more per month.
Increasing savings is one way to bolster your finances. Another way is to avoid making the same mistakes over and over. Here are four common mistakes affluent Americans make and how to avoid them, according to Nasha Knowles, CFP, a financial advisor with Equitable Advisors who counsels high net worth individuals.
Underestimating Income Taxes
Many affluent people don’t realize the tax impact when they start earning more money, Knowles told GOBankingRates in an email.
“They will now pay more in taxes because they make more, and they will also be in a higher tax bracket,” she said. “It always surprises them how much they are now paying in taxes.”
To avoid this mistake, hire a tax professional or financial advisor to help with tax planning.
Making Big Ticket Purchases Without Considering Related Costs
TO READ MOREl: https://www.yahoo.com/finance/news/4-common-mistakes-affluent-americans-150403040.html
Evening News with MarkZ and Dr. Scott 03/20/2025
Evening News with MarkZ and Dr. Scott 03/20/2025
Mark has been taken off youtube for a week. So try Rumble and Twitch this week to find him
The rolling chat does not work well on Rumble…so cannot easily post member questions or comments… Notes will be very short this week.
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
Evening News with MarkZ and Dr. Scott 03/20/2025
Mark has been taken off youtube for a week. So try Rumble and Twitch this week to find him
The rolling chat does not work well on Rumble…so cannot easily post member questions or comments… Notes will be very short this week.
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: I am getting some interesting conversations from some of the groups who are starting to set dates for their redemption crews to be in the (mostly) western US.
MZ: I don’t want to get myself in trouble by giving out specifics….but some of the groups seem to be bringing in redemption crews specifically for 4b.
MZ: Not everything in tier 4a is already SKR’d (safe keeping receipts) so if they are starting to set this up …it gives me all kinds f warm fuzzies.
MZ: “ US Urges Iraq to Reach Agreements to Allow Resumption of Kurdish Oil Exports” Iraq says they will be umping next week.
MZ: “Al-Alaq: We are working to create a data center that represents a basis for success for digital transformation” They continue to modernize their banking system so they can move forward. Keep remembering the I-dinar.
MZ: “ Morgan Stanley(M5) cuts 2000 banking jobs as US economy slows” We are watching more and more banks cut jobs. With better online aps…..people are not going to physical banks as much anymore.
MZ: “Deutsche Bank cuts 2000 jobs” Banks are coming to grips with a new reality.
Dr. Scott joins the stream tonight. Please listen to replay for his information and opinions
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
https://www.twitch.tv/theoriginalmarkz
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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
https://rumble.com/v6qyhg4-evening-news-with-markz.-03202025.html?e9s=src_v1_upp
Some “Iraq News” Posted by Clare at KTFA 3-20-2025
KTFA:
Clare: A Government bank launches "electronic loans" for four categories
3/20/2025
The state-run Rashid Bank announced on Thursday the launch of personal loans for employees, security forces personnel, and retirees whose salaries are domiciled at the bank, as well as entrepreneurship loans.
The bank clarified in a statement received by Shafaq News Agency, "The application must be submitted exclusively through the Rasheed Bank's electronic application."
KTFA:
Clare: A Government bank launches "electronic loans" for four categories
3/20/2025
The state-run Rashid Bank announced on Thursday the launch of personal loans for employees, security forces personnel, and retirees whose salaries are domiciled at the bank, as well as entrepreneurship loans.
The bank clarified in a statement received by Shafaq News Agency, "The application must be submitted exclusively through the Rasheed Bank's electronic application." LINK
Clare: A government meeting discusses the establishment of a private company for the development road project.
3/20/2025
Prime Minister Mohammed Shia al-Sudani chaired the regular meeting of the Higher Committee for Monitoring the Implementation of the Development Road Project on Thursday, in the presence of the Ministers of Transport and Industry, the Chairman of the Investment Commission, the Chairman of the Iraq Development Fund, the Director General of Ports, and representatives of Oliver Wyman, which is providing consulting services for the project.
A statement from the Prime Minister's Office, a copy of which was received by {Euphrates News}, stated that "the meeting followed up on the project's developments, the progress of work in all its details, and discussed establishing a private company for it, in addition to matters related to the conflicts that affect the progress of work on the railway and the highway, the designs of which have been completed, and the progress made in the subject of expropriations, antiquities, and the treatment of the remains of minefields."
The statement added, "The meeting reviewed the Grand Faw Port project and its key developments, such as the submerged tunnel and container yard. A vision was presented regarding the port's expected imports over the coming years, in addition to discussing the costs of insurance and maritime services."
The meeting discussed "the issue of identifying and arranging economic opportunities for the financial model, as well as discussing the investment zones that will be offered for investment along the development path." LINK
**************
Clare: Iraq attempts to encourage Amazon to build facilities in Iraq
3/20/2025 Baghdad –
The Director of the General Company for Post and Savings, Zainab Abdul-Sahib, revealed on Wednesday that the Iraqi Ministry of Communications is trying to encourage Amazon and SHEIN to establish branches in Iraq.
In a statement to the state news agency (INA), Abdul-Sahib said that the required facilities and warehouses to establish branches of international e-commerce companies in Iraq have been set up.
The Iraqi official explained that the launch of an e-commerce platform in Iraq has become imminent.
Plans have been developed for 2025 following the establishment of the fundamental infrastructure by the Ministry of Communications, according to Abdul-Sahib.
In order to stay up with global developments, the Iraqi government started planning in 2023 to turn the country’s postal system into automated services as part of its digital transformation initiatives.
Increased internet penetration and changing consumer behavior are two factors that have contributed to the enormous growth in e-commerce in Iraq in recent years. Additionally, this change has increased Iraq’s need for trustworthy e-commerce platforms. LINK
************
Clare: US Urges Iraq to Reach Agreements to Allow Resumption of Kurdish Oil Exports
3/20/2025
WASHINGTON DC, United States (Kurdistan 24)
Addressing reporters on Wednesday, State Department Spokesperson Tammy Bruce explained that the U.S. was “urging the Iraqi Government” to reach an understanding with the international oil companies to allow the resumption of oil exports from the Kurdistan Region.
According to Iraqi authorities, those exports are to restart shortly. although the international oil companies say that more discussion is needed to reach an agreement that will allow for the export of Kurdish oil.
As one knowledgeable source told Kurdistan 24, that developments have come as far as this has a lot to do with the pressure exerted by the Trump administration on Baghdad, including the pro-Iranian elements there.
As a second source affirmed to Kurdistan 24, the Trump administration is very friendly toward the Kurdistan Region.
That was apparent, for example, in a post last week by President Donald Trump on X, highlighting the role of the Peshmerga in the recent assassination of a key ISIS figure.
"Today the fugitive leader of ISIS in Iraq was killed,” Trump wrote last Friday. “His miserable life was terminated, along with another member of ISIS, in coordination with the Iraqi Government and the Kurdish Regional Government.”
Background to Oil Export Dispute
Kurdish oil exports stopped in March 2023, when the International Court of Commerce (ICC) ruled in favor of Iraq in a dispute that was first brought to the court by Nouri al-Maliki eleven years before—in 2012—when Maliki, a strongly sectarian Shi’ite figure, was Iraq’s prime minister.
In fact, Maliki’s governance was judged to be so partisan that the Obama administration concluded that he had been a significant factor behind the rise of ISIS. Thus, it demanded his resignation as a pre-condition for returning U.S. troops to Iraq in order to fight the terrorist group, which had emerged suddenly out of the Syrian civil war.
It took nine years for the ICC to issue its ruling that the export of Kurdish oil through the Iraq-Turkey Pipeline (ITP) contravened the original 1973 agreement concerning exports through that pipeline. And now it has taken another two years to reach the point where, it seems, Kurdish oil exports will soon resume.
Of course, these problems could have been resolved much more quickly, but there was little desire to do so in Baghdad—until the Trump administration focused on the issue.
State Department Position
Bruce was asked about the U.S. role in promoting the resumption of Kurdish oil exports.
“We’re urging the Iraqi Government to reach an agreement .. . with the international oil companies to resume oil exports through the Iraq-Turkey pipeline as soon as possible and to honor the existing contracts with U.S.companies,” she replied.
“Reopening the ITP ensures Iraqi oil can reach global, especially European markets,” she continued. “Iraq benefits from the stability of resilient supply chains, as do we all.”
The Trump administration has been focused on cutting off Iranian oil exports, as part of its maximum pressure campaign. Bringing additional sources of oil online helps to reduce the resulting pressure on international oil prices, so it, too, has a strong interest in the resumption of Kurdish oil exports. LINK
Clare: Al-Alaq: We are working to establish a data center that represents a successful foundation for digital transformation.
3/20/2025 Baghdad
Central Bank Governor Ali Al-Alaq confirmed on Thursday that the digital currency the bank intends to launch will enhance transparency and limit the flow of cash out of banks. He also revealed plans to establish a data center that will serve as a successful platform for digital transformation.
Al-Alaq said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News," that "financial technologies are developing rapidly, in line with the requirements of the financial and banking sector in terms of speed, accuracy, and economic efficiency, in addition to transparency and oversight. The reality of the digital revolution is imposing itself on all sectors, including the financial and banking sector, which is the most beneficiary of the major transformations taking place."
He added, "Digital currency can serve many purposes, limit the leakage of cash outside banks, and achieve a high degree of transparency, as funds can be tracked, whether in the areas of consumption, investment, savings, or even in legitimate and illegitimate businesses. It also provides important databases for analytical purposes, not just for the movement of paper money, in addition to the economic benefits digital currency offers from printing and tracking currency."
Al-Alaq confirmed that "we have begun taking steps in coordination with international organizations to review initial experiments in the digital currency file, which we do not wish to delay." He explained that "there are existing experiments in some countries in the region, and we are also following up with the Arab Monetary Fund to develop appropriate steps in this direction, and what is required is infrastructure.
" He continued, "The Central Bank has advanced infrastructure, as the new bank building contains a sophisticated data center, and we are also working to establish a data center that will represent a successful foundation for digital transformation." LINK