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

The Financial Reset Has Begun

Francis Hunt: The Financial Reset Has Begun

Wealthion:  5-29-2025

Francis Hunt, founder of The Market Sniper, joins Maggie Lake for an alarming and wide-ranging macro discussion.

He warns that the global financial system is already collapsing, starting with the U.S. bond market and spreading across fiat currencies worldwide.

According to Francis, we’ve reached the end of a 45-year supercycle of debt, and what comes next is a full reset: collapsing markets, a global depression, rising authoritarianism, and the dawn of a new digital system.

Francis Hunt: The Financial Reset Has Begun

Wealthion:  5-29-2025

Francis Hunt, founder of The Market Sniper, joins Maggie Lake for an alarming and wide-ranging macro discussion.

He warns that the global financial system is already collapsing, starting with the U.S. bond market and spreading across fiat currencies worldwide.

According to Francis, we’ve reached the end of a 45-year supercycle of debt, and what comes next is a full reset: collapsing markets, a global depression, rising authoritarianism, and the dawn of a new digital system.

Key Topics:

Why the 40-year bond bull market is dead

How fiat currency is losing its credibility fast

Why gold is the ultimate reserve asset, and will go parabolic

The real role of Bitcoin and select digital tokens

How CBDCs will power the next monetary system

Why property and equities could crash hard

The coming wealth shift from West to East

How governments will clamp down with surveillance and taxation

What investors can do to protect and position themselves

Chapters:

0:34 - Francis Hunt’s Bold Forecast: The Debt Collapse Has Begun

5:10 - What Does “Collapse” Really Mean? Francis Breaks It Down

17:31 - Inflation Explosion? How Fast Prices Could Spiral

22:06 - Why the Next Crisis Could Be Immune to QE

 31:32 - The First Domino: Stocks, Housing, or Credit?

 43:50 - How to Protect Your Wealth Before It’s Too Late

 50:32 - Gold Panic or Golden Opportunity?

57:06 - Could Bitcoin Replace the Dollar as Reserve Currency?

1:01:23 - Gold vs. Crypto: Which Will Lead the Next Financial Era?

1:04:32 - What Could Stop the Collapse—and Will It Happen in Time?

https://www.youtube.com/watch?v=Cp9NM9sbjEM

 

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News And Points To Ponder Thursday Afternoon  5-29-25

The Iraqi Dinar Is Recovering, While Markets Are Dying. An Economic Recession Is Hitting Kurdistan.
 
Baghdad Today – Kurdistan  With markets hushed and shelves increasingly empty, the Kurdistan  Region is experiencing economic stagnation despite signs of recovery in the rest of Iraq, with the dollar's exchange rate declining and the dinar's strength recovering.
 
While some provinces are breathing a sigh of relief, Kurdistan remains mired in a vicious cycle of mounting crises, with citizens seeing no sign of this apparent improvement.

The Iraqi Dinar Is Recovering, While Markets Are Dying. An Economic Recession Is Hitting Kurdistan.
 
Baghdad Today – Kurdistan  With markets hushed and shelves increasingly empty, the Kurdistan  Region is experiencing economic stagnation despite signs of recovery in the rest of Iraq, with the dollar's exchange rate declining and the dinar's strength recovering.
 
While some provinces are breathing a sigh of relief, Kurdistan remains mired in a vicious cycle of mounting crises, with citizens seeing no sign of this apparent improvement.

The Kurdish street isn't asking about economic indicators, but about a missing salary, a lost job opportunity, and cash flow that has become as scarce as rain in a time of drought.
 
There's no dinar in hand, no dollar in pocket, just a long wait for a hope that may never come, and
suffering that deepens with every day that salaries are delayed and the circles of unemployment expand.
 
"The problem is not the exchange rate"
 
In this context, experts are increasingly warning that the crisis lies not in the exchange rate,
but rather in the absence of economic policies that ensure the benefits of the improvement reach citizens.
 
This was pointed out by economic expert Farman Hussein on Wednesday (May 28, 2025), who
asserted that the  Kurdistan Region remains outside the circle of economic recovery,
despite all the positive changes in the currency exchange rate.
 
Hussein told Baghdad Today, "Despite the decline in the dollar exchange rate and the recovery of the Iraqi dinar,  the markets in the Kurdistan Region have yet to benefit from this decline   and are still suffering from stagnation."

 He added,  "The region's problem lies in the lack of financial liquidity.
 
Citizens do not have dollars or dinars due to the non-payment of salaries, the scarcity of job opportunities, the high unemployment rate, and the weakness of banking transactions.
 
All of these factors lead to a lack of financial liquidity."
 
Variation in the Iraqi economic scene
 
For months, Iraq has witnessed a significant improvement in the value of the dinar against the dollar,
as a result of a series of government and banking measures aimed at  regulating the market and   controlling the flow of foreign currencies.
 
This has had a positive impact on  purchasing power in a number of governorates and has contributed to a  relative easing of economic pressures on Iraqi citizens.

However, this improvement was not comprehensive, as the Kurdistan Region remained in a state of marked economic recession,  despite the decline in the dollar's value.
 
The structural problems plaguing the region, most notably the crisis of delayed salaries, high unemployment rates, and  weak liquidity in the markets, prevented any real recovery that could be felt by citizens.    https://baghdadtoday.news/275159-.html

Sudan's Financial Advisor: Cooperative Hypermarkets Reduced Demand For The Parallel Dollar And Prevented A Rise In Inflation.
 
May 29, 2025  Baghdad/Iraq Observer  The Prime Minister's financial advisor, Mazhar Saleh, confirmed that the  hypermarket policy has effectively contributed to reducing demand for dollars on the parallel market,  which has had a positive impact on price stability.  

In a press statement, he explained that this policy helped prevent inflation rates from rising, keeping them within the 3% range, noting that the measures implemented have boosted market confidence.

He added that the  proliferation of hypermarkets has encouraged merchants to shift toward importing through official dollars instead of parallel currencies,  which has contributed to  regulating market activity and  financing foreign trade in a legal and stable manner.  https://observeriraq.net/المستشار-المالي-للسوداني-هايبر-ماركت/  

Association Of Private Banks: Most Of Our Banks Have Adhered To Transparency And Compliance Standards And Followed National And International Regulations.
 
Wednesday, May 28, 2025 | Economic  Number of readings: 168  Baghdad / NINA / The Iraqi Private Banks Association confirmed the ability of Iraqi banks to overcome this stage and return confidently to the global economic system.
 
"Our second conference is of exceptional importance in light of the escalating challenges facing Arab banks, particularly Iraqi banks, amid a complex economic and security environment that directly impacts our relations with the global financial system," said Wadih Al-Handhal, head of the Association of Private Banks, during the opening of the second session of the  Anti-Money Laundering and Combating the Financing of Terrorism Conference in Baghdad. 

He added, "Despite the recent measures imposed on some Iraqi banks, we affirm that these decisions do not reflect the reality of the sector.
 
The majority of banks have  demonstrated a high commitment to transparency and compliance standards and have followed approved national and international regulations.
 
Despite the challenges, they continue to play their role in   supporting the national economy and  enhancing financial stability." 

 He explained:  "These measures have  had a negative impact on the image of the Iraqi banking system as a whole and have  diminished the confidence of international partners,  even among institutions that are leaders in compliance and governance."
 

Al-Handhal stressed that "the Iraqi banking sector is witnessing major transformations, and the  Central Bank of Iraq, with direct government support, is currently implementing an ambitious reform plan aimed at   enhancing international confidence and  raising the sector's efficiency,
 
particularly in the areas of compliance and combating money laundering."  He continued,
 
"During the conference, we will discuss research papers and specialized opinions that seek to overcome challenges and consolidate compliance rules.
 
The conference topics include the
 
     challenges of opening accounts with correspondent banks,
     enhancing cooperation between Arab banks, the
     role of technology and artificial intelligence in
     supporting compliance, local and international legislation, and the
     role of central banks in consolidating sustainable compliance." / https://ninanews.com/Website/News/Details?key=1229496  

Parliamentary Finance: We Support Efforts To Develop The Iraqi Banking Sector And Are Following Up On The Required Legislation.
 
Wednesday, May 28, 2025 | Economic     Number of readings: 296  Baghdad / NINA / The Parliamentary Finance Committee affirmed its full support for efforts aimed at developing the Iraqi banking sector and its keenness to follow up on the legislation required to enhance Iraq's compliance with international standards. It also stressed the need to balance strict compliance with achieving economic growth goals,  supporting the private sector, and  facilitating investment.
 
“International regulatory obligations imposed on financial institutions,
particularly those related to combating money laundering and terrorist financing,
 
have become among the most prominent requirements that affect the nature of the relationship between local banks and their global counterparts,” 

said committee chairman MP Atwan Al-Atwani during the Anti-Money Laundering and Combating the Financing of Terrorism conference, which kicked off Wednesday in Baghdad.
 
“Fulfilling these requirements is a prerequisite for developing a safe and stable banking environment
capable of interacting positively with the global financial system.”

He added, "Iraq's engagement, represented by its national banks, in this international regulatory environment is not an option,  but rather a national necessity  to protect the financial system from cross-border risks and to ensure the continued flow of investments and capital,
 
which directly contributes to supporting economic and social development efforts and enhancing confidence in the national economy."

 He continued,  "Iraq has made significant progress on this path over the past few years, as the Iraqi banking system has witnessed major developments,
 
represented by the modernization of the legal and regulatory structure, the
issuance of instructions related to compliance and tightening oversight, and
work to build qualified banking cadres capable of dealing with these changes."
 
“We have seen the Central Bank of Iraq’s keenness to  adopt a reform and development approach, by imposing precise and updated instructions in line with international best practices, as well as its relentless efforts to enhance transparency and strengthen the system for combating money laundering and terrorist financing,” he added, noting
 
the importance of this conference, which constitutes an important platform for exchanging experiences and  reviewing the latest developments in international legislation, and highlighting the experiences of other countries in this field, especially with regard to  modern compliance techniques,  best methods of internal control, and    risk management.    https://ninanews.com/Website/News/Details?key=1229562  

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

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Economics, sovereign man DINARRECAPS8 Economics, sovereign man DINARRECAPS8

This Will Either Make You Hopeful… Or Extremely Irritated

This Will Either Make You Hopeful… Or Extremely Irritated

Notes From the Field By James Hickman (Simon Black)  May 29, 2025

Germany’s “Iron Chancellor” Otto von Bismark didn’t pass the world’s first modern Social Security system out of the kindness of his heart.

 The year was 1889, and Bismark was fighting hard against the rising tide of socialism; the second volume of Karl Marx’s Das Kapital had been published just a few years earlier in 1885, prompting growing calls for strikes, protests, and wealth redistribution.

 For Bismark, his social security program was intended to appease socialists while preserving the conservative political order that he had spent decades building. And on May 24, 1889, his new “Old Age and Disability Insurance Law” was passed by the Reichstag and signed by Kaiser Wilhelm II.

This Will Either Make You Hopeful… Or Extremely Irritated

Notes From the Field By James Hickman (Simon Black)  May 29, 2025

Germany’s “Iron Chancellor” Otto von Bismark didn’t pass the world’s first modern Social Security system out of the kindness of his heart.

 The year was 1889, and Bismark was fighting hard against the rising tide of socialism; the second volume of Karl Marx’s Das Kapital had been published just a few years earlier in 1885, prompting growing calls for strikes, protests, and wealth redistribution.

 For Bismark, his social security program was intended to appease socialists while preserving the conservative political order that he had spent decades building. And on May 24, 1889, his new “Old Age and Disability Insurance Law” was passed by the Reichstag and signed by Kaiser Wilhelm II.

 Workers under Bismark’s program became eligible for benefits at age 70, and its costs were paid equally by employees, businesses, and the state.

 It also had its intended effect: support for Germany’s unified socialist party fell dramatically after the law was passed, and it became the leading blueprint for similar programs around the world.

 Franklin Roosevelt pushed for a Social Security program in the United States for similar reasons; socialist movements were growing quickly in America, especially under the economic devastation of the Great Depression.

Politicians like Louisiana Senator Huey Long were calling for full-blown wealth redistribution, promising every family a $5,000 estate (large sum in the 1930s) and guaranteed income.

 Then there was Francis Townsend in California, who proposed a national sales tax to provide a $200 monthly pension to every American over the age of 60-- with the requirement that the money had to be spent within 30 days to stimulate the economy.

 These ideas spread like wildfire, and soon there was major support in Congress for some sort of national pension.

 Roosevelt modeled his program on Otto von Bismark’s-- but lowered the age of eligibility to 65 instead of 70.

The first financial analysis of Social Security came in 1941, when the Board of Trustees published a report stating that the program would remain solvent and well-funded indefinitely, i.e. pretty much forever.

 At the time, there was far more tax revenue being paid into Social Security than there were benefit payments being paid from the system.  So Social Security essentially ran a massive surplus each year… and the accumulated surplus was invested in a giant trust fund.

But eventually cracks started to form.

In 1983, the Social Security trustees issued a more sanguine assessment; this time they claimed that the program would still remain solvent for their 75-year horizon (i.e. through 2057), but that costs of paying benefits to Social Security recipients would exceed tax revenue by 2018… at which point they would have to start drawing down the trust fund.

 Pfff. It was 1983. No one in Washington cared about what might or might not happen 35 years later. So, barring cosmetic adjustments, politicians ignored the problem.

 The Trustees sounded the alarm bells again in the 1990s when they projected that Social Security’s trust funds would run out of money by the year 2042. And, as time has continued to pass, that projected depletion date has become closer and closer.

 Starting in the 2010s, Social Security projected that its trust funds would be fully depleted by 2035-- roughly 20-25 years into the future.

 And according to their latest assessment, the projected depletion date is now 2033. That’s just eight years away.

 So, what does this actually mean?

 Well, Social Security is already running an annual deficit, i.e. the program pays out MORE in monthly benefits than it collects in tax revenue. So, each year they have to dip into the trust fund to make ends meet.

 But in eight years, the trust fund balance will be zero… so they won’t have any savings to offset Social Security’s annual deficit anymore. And that annual Social Security deficit is projected to be more than $500 billion by 2033.

 There will essentially be two options at that point; either

 (1) the federal government will pick up the tab, essentially adding $500 billion per year to the US budget deficit; or

 (2) Social Security beneficiaries will have to take an immediate cut to their benefits. The initial cut would be around 20-25% and become worse over time.

 Option 2 is unthinkable given the political consequences. But option 1 would only lead to more economic problems… and a lot of inflation. The US government needs to be reducing its budget deficit, not expanding it.

The good news is that there are ways to fix Social Security; the program itself has recommended plenty of solutions.

 For example, given that life expectancy at age 65 is now so much longer than it was in 1935, one recommendation is to gradually phase-in a higher retirement age to 69.

 Simultaneously, a small payroll tax increase of 1%, combined with increasing the maximum taxable salary, would render the program solvent for at least 75 more years.

 And these just scratch the surface-- there are plenty of other options.

 The bad news is that the longer Congress waits, the more painful the solutions will become. If they wait until 2030 to pass any reform, there will have to be much more severe tax hikes and much more abrupt changes to the retirement age.

So, dealing with the problem now will make life less difficult in eight years’ time.

 Unfortunately, few are willing to do anything about it.

 On rare occasions some politician proposes necessary reforms. In fact, the last one came last week from Rep. Gwen Moore of Wisconsin, who introduced the Social Security Enhancement and Protection Act.

But these bills never go anywhere and ‘die in committee’.

 Bottom line, the problem is 100% fixable-- just like the rest of America’s economic challenges. The national debt is fixable. Fraud, waste, and abuse is fixable. Inflation is fixable. Everything is fixable.

 There just doesn’t seem to be the will to do what is necessary… so these problems will continue to fester until they become a crisis.

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

https://www.schiffsovereign.com/trends/this-will-either-make-you-hopeful-or-extremely-irritated-152870/?inf_contact_key=59d47cd22e47efe7ebfd5b60cc10729ee785e10e4d66e1d24c16227e162c13f0

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News, KTFA Dinar Recaps 20 News, KTFA Dinar Recaps 20

Vietnam News Posted by Henig at KTFA 5-29-2025

KTFA:

Henig:  New Zealand, Việt Nam expand timber trade partnership

Wednesday, May 28, 2025 14:15 HÀ NỘI —

New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the forestry sector between the two nations.

Under the agreement, New Zealand’s radiata pine will be recognised under Việt Nam’s evolving timber construction standards, paving the way for increased market access in the rapidly developing Vietnamese market.

KTFA:

Henig:  New Zealand, Việt Nam expand timber trade partnership

Wednesday, May 28, 2025 14:15 HÀ NỘI —

New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the forestry sector between the two nations.

Under the agreement, New Zealand’s radiata pine will be recognised under Việt Nam’s evolving timber construction standards, paving the way for increased market access in the rapidly developing Vietnamese market.

Minister McClay highlighted that the pact is expected to drive growth in the NZ$2.68 billion (US$1.59 billion) bilateral trade and expand the NZ$ 48 million worth of sawn timber New Zealand currently ships to Việt Nam.

He emphasised Việt Nam’s strong economic trajectory, noting that its economy has doubled over the past decade and is poised to lead global income growth.

This trend is expected to spur construction activity and demand for sustainable building materials, creating further opportunities for New Zealand’s wood sector.

The agreement is set to add value to New Zealand’s timber products and offer opportunities in addition to exporting logs. It boosts the country's export potential and helps double its exports by value in 10 years. — VNS

https://bizhub.vn/new-zealand-viet-nam-expand-timber-trade-partnership-post376566.html

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

Henig:  PM Chính proposes financial centre connectivity among ASEAN, Gulf nations and China

May 27, 2025 - 18:17 PM

Phạm Minh Chính welcomed the fact that the world’s three leading economic engines — ASEAN, the GCC and China — are engaging in dialogue, strengthening coordination and opening up a historic opportunity to build a new inter-regional strategic cooperation space for a prosperous, inclusive and sustainable future for all countries.

 HÀ NỘI — Prime Minister Phạm Minh Chính proposed enhancing financial centre connectivity among ASEAN countries, the Gulf Cooperation Council (GCC) and China at the ASEAN-GCC-China Summit in Kuala Lumpur on Tuesday.

He suggested establishing a robust financial connectivity network linking major regional centres such as HCM City, Kuala Lumpur, Singapore, Bangkok, Shanghai, Dubai and Riyadh, creating a seamless inter-regional financial ecosystem that could serve as a launchpad for breakthrough cooperation between ASEAN, the GCC and China.

 At the summit, themed 'Synergising Economic Opportunities Towards Shared Prosperity', PM Chính welcomed the fact that the world’s three leading economic engines — ASEAN, the GCC and China — are engaging in dialogue, strengthening coordination and opening up a historic opportunity to build a new inter-regional strategic cooperation space for a prosperous, inclusive and sustainable future for all countries.

He highlighted the need to focus on cooperation in trade, investment and supply chain connectivity and to avoid politicising science and technology, investment and development.

He proposed effectively leveraging existing frameworks such as the ASEAN-China Free Trade Agreement, promoting the signing of the ASEAN-GCC Free Trade Agreement and studying the possibility of developing inter-regional connectivity into a comprehensive trilateral economic cooperation mechanism, including the potential formation of an ASEAN-GCC-China Free Trade Agreement.

The Vietnamese leader called for high priority to be given to strategic and breakthrough sectors. With ASEAN finalising its Digital Economy Framework Agreement, he stressed that this was a “golden moment” to build a connected, secure and sustainable digital space.

Reaffirming that capital flow is the lifeblood of strong, continuous and sustainable economic development, the PM expressed his belief that these directions would lay the foundation for strong development in other fields such as tourism, cultural exchange and connections among the civilisations of the three regions, setting a solid groundwork for deep, comprehensive and long-term cooperation among ASEAN, the GCC and China.

He affirmed that Việt Nam was committed to continuing its role as a reliable bridge and a responsible partner, and was ready to accompany and contribute to peace, stability and shared prosperity for all the peoples and nations of ASEAN, the GCC and China.

Leaders of the participating countries expressed confidence that ASEAN, the GCC and China could leverage the strengths of the three economies with a combined GDP of US$24.87 trillion and a population of approximately 2.15 billion.

 The countries reaffirmed their commitment to promoting trade, investment, finance, supply chain connectivity and market access for ASEAN, GCC and China. They also emphasised advancing cooperation in emerging fields such as digital technology, artificial intelligence and renewable energy as well as enhancing cultural exchanges, educational collaboration and tourism development.

The nations also pledged to kick off new initiatives to foster mutual understanding and people-to-people connectivity across regions. During the conference, time was also allocated to discuss international and regional issues.

Participants shared concerns about the complex developments in the Gaza Strip, reaffirmed support for the peace process and the establishment of an independent Palestinian state under the two-state solution in accordance with international law and relevant United Nations Security Council resolutions.

 https://vietnamnews.vn/politics-laws/1718457/pm-chinh-proposes-financial-centre-connectivity-among-asean-gulf-nations-and-china.html

 

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

Coffee with MarkZ, joined by MM and crew. 05/29/2025

Coffee with MarkZ, joined by MM and crew. 05/29/2025

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: GM Mark, MM and crew, marvelous mods, and rv family!

MZ: Good Morning: We are looking forward to MM and crew joining the podcast at around the 30-minute mark this morning.

Member: What’s the new “hold up” if there is any at all.

MZ: I don’t think there is any hold up. I think it is just rolling out

Coffee with MarkZ, joined by MM and crew. 05/29/2025

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: GM Mark, MM and crew, marvelous mods, and rv family!

MZ: Good Morning: We are looking forward to MM and crew joining the podcast at around the 30-minute mark this morning.

Member: What’s the new “hold up” if there is any at all.

MZ: I don’t think there is any hold up. I think it is just rolling out

Member: This is the longest countdown ever!

MZ: Yes it is.

Member:  , do we think this thing might really go…the “two paragraphs” (on $4.81 rate) might be actually real

MZ: I have a lot of bankers saying it could be $4.81…Some say $4.91. they are saying somewhere in that range the rate is staying constant. I wish someone would just give them the “release” so we were allowed to exchange.

Member: Frank26 Says the article about the 4.81 was legit.... white papers.

Member: Frank said last night something about 10 cent variance in country then said we will get rate and lower denominations b4 parliament gets the budget tables and they will receive the tables within days

Member: I heard nothing until Sept now.

MZ:I heard the September date was when they wanted it completed. Meaning they wont have finished pulling the old US dollars out of circulation until then. This means the RV needs to go way before then for us.

Member: You said once that bonds needed to be 30% completed before we get to exchange. Do you have any idea what percentage they are out now?

MZ: My guess is 20%. Noone knows for certain.

MZ: There is no updates today on the bond side.

Member: what % of fee will the banks take for exchanging us?

MZ: I heard the fees with the banks have been pre-negotiated at 2-3%. But its built into the back end of our exchange so we really won’t notice it.

Member: does it still look to be tax free for exchange?

Member: Does anyone know what value the dong was before it was devalued?

MZ: if I remember right it was about $2.21

Member: Is it true the Kuwait dinar revalued to $9 after it revalued?

MZ:  Some I know said it went as high as $9.88. But that was very briefly -for only a few hours or so as they added it to the basket. It was there and gone quickly ….It is my understanding that after the experience with Kuwait….Iraq is doing a fixed float and the Iraqi dinar will not be allowed to float like that….they are going to peg it or fix it so there is not that large of rate swing.

Member: there is a rumor that the Zim will be worthless in a few days,

MZ; Ignore them. Those rumors have been a dime a dozen for years.

MZ: “Sudanese Financial Advisor: Al Taawan hyper-markets reduced demand for the parallel dollar and prevented inflation from rising”  They are saying because of their efforts they don’t need the black market.

MZ: “Dollar falls below 140,000 dinars in Baghdad”  some people say the rate of 1390 is the trigger point – I am watching it just to see if those sources are accurate or not.

Member: June 14 ... Flag Day, DJT Birthday, 250th Anniversary of US Navy ... all during 250th USA Anniversary

Member: I've been planning for June 14 for a while for Notifications & full NESARA July 04 ... when many have said 'tommorrow' for a while now

Member: Frank 26 says July 1st Target date for Fiscal year, but we may go before to stabilize both economies before collapse of fiat money across the world

Member: I believe this RV is our lesson in long suffering. I know I've found balance waiting for it, hope you all have too.

Member: Waiting...is preparation from God not punishment...Embrace it. :)

Member: Thanks Mark, mods and MM…..everyone have a great day.

MilitiaMan and Stacie Z join the stream today. Please listen to replay for their 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

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=uB0XR-u04wU

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

News, Rumors and Opinions Thursday 5-29-2025

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 Thurs. 29 May 2025

Compiled Thurs. 29 May 2025 12:01 am EST by Judy Byington

Possible Timing:

March 2020 the U.S. government nationalized the Fed — stripping it of independence and turning it into a tool of the Executive Branch. Using Special Purpose Vehicles (SPVs), the Treasury engineered a shell system that forced the Fed to act ONLY under Treasury authority. The Fed couldn’t fund or activate liquidity operations without Mnuchin’s green light. Translation: The Fed was no longer in charge. The money printer answered to the White House.

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 Thurs. 29 May 2025

Compiled Thurs. 29 May 2025 12:01 am EST by Judy Byington

Possible Timing:

March 2020 the U.S. government nationalized the Fed — stripping it of independence and turning it into a tool of the Executive Branch. Using Special Purpose Vehicles (SPVs), the Treasury engineered a shell system that forced the Fed to act ONLY under Treasury authority. The Fed couldn’t fund or activate liquidity operations without Mnuchin’s green light. Translation: The Fed was no longer in charge. The money printer answered to the White House.

Mon. 26 May 2025: With the Fed under control of the US Treasury, the IRS dismantled and the Gold Standard in effect, the Quantum Financial System (QFS) officially went online with all bank accounts mirrored onto the system — tracking every transaction in real time, secured by Space Force and protected by military-grade blockchain.

~~~~~~~~~~~~~~~

EBS

Major Public Announcement At Any Moment

Alert: Scheduled Broadcasts and Official Statements. All signs point to a major public announcement at any moment. Government and media sources hint at coordinated Emergency Broadcast System tests and press briefings this week.

Expect official statements from financial authorities confirming the reset, possibly unveiling new currency rates or debt-cancellation policies. Be ready: when the signal goes out, millions will see proof of the new system.

Imminent signs:

EBS Testing: Encrypted test alerts have already been reported in several regions. A full-scale broadcast to all networks may occur tonight or tomorrow to confirm the launch.

Authority Statements: Central bank governors and financial ministers are on standby to speak publicly. Briefings will emphasize transparency, sovereignty, and the end of financial tyranny.

System Status: Technical monitoring dashboards are green across the board. I’ve confirmed that core QFS servers are handling simulated transaction loads flawlessly with no errors.

Market Readiness: Even traditional financial markets are adjusting: stock exchanges and currency platforms are poised to switch to the new asset-backed basis. New exchange rates may be published within hours.

The pieces are in place for history to unfold. Prepare to witness the global reset. Keep your notifications on, and when alerts arrive, follow the provided steps immediately. Trust the process — our era of true economic freedom is here.

~~~~~~~~~~~~~~

Global Financial Crisis:

Wed. 28 May 2025: BREAKING – IS THE FORT KNOX GOLD GONE? TRUMP WAS READY TO EXPOSE THE GREATEST FINANCIAL COVER-UP IN AMERICAN HISTORY… AND THEN HE WENT SILENT. WHY? – amg-news.com – American Media Group

Read full post here:   https://dinarchronicles.com/2025/05/29/restored-republic-via-a-gcr-update-as-of-may-29-2025/

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

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

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani met today with the board of directors from the CBI.  All the banks were there too.  Now in front of everybody he replaced some of the board of directors that were not on board with the new digital system... FRANK:  Sudani just fired a bunch of [CBI] board of directors and replaced them with those that want to have the monetary reform...    

MilitiaMan  We have not seen the 2023/24 budget schedules yet and they're not going to see those in the parliament until, I believe, they expose an exchange rate.  That's where we're at.

Paulette  I am hopeful that perhaps the 1390 [Market Rate] target is to enact the Delete the Zeros project (RD/RV) resulting in an annihilation of the Market Rate.  This would then result in Article 8 obligation compliance in order to get to the RI stage. This would be congruent with the 2009 MOP/MOF report of "initially a rate of 1.14-1.18 and held there for a period" ....prior to "restoring the true rate of 3.208."  I sure hope we are close.

COMEX Gold Deliveries Hit New Record | Andy Schectman

Liberty and Finance:  5-28-2025

Tune in for a special conversation with Andy Schectman, head of Miles Franklin, as he unpacks the significance of a bold new law enacted by Governor Ron DeSantis that initiates the path toward recognizing gold and silver as official currency in Florida.

 Andy will also walk through how the May contract on the COMEX saw its largest delivery ever, and what that could mean for the future of precious metals.

https://www.youtube.com/watch?v=CvnF2Mntgq4

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Seeds of Wisdom RV and Economic Updates Thursday Morning 5-29-25

Good Morning Dinar Recaps,

U.S. Department of Labor Reverses 2022 Guidance That Blocked Digital Assets From 401(k) Plans

The U.S. Department of Labor (DOL) is scrapping a mandate in its 2022 guidance that prevented digital assets from being included in 401(k) retirement plans.

In a new press release, the DOL says it’s rolling back its 2022 compliance release, which previously instructed institutions to forgo using crypto assets as options for 401(k) plans.

Good Morning Dinar Recaps,

U.S. Department of Labor Reverses 2022 Guidance That Blocked Digital Assets From 401(k) Plans

The U.S. Department of Labor (DOL) is scrapping a mandate in its 2022 guidance that prevented digital assets from being included in 401(k) retirement plans.

In a new press release, the DOL says it’s rolling back its 2022 compliance release, which previously instructed institutions to forgo using crypto assets as options for 401(k) plans.

In 2022, the DOL warned fiduciaries to use "extreme care" before offering digital assets as options for retirement plans, language that was considered unusual at the time as the agency historically has taken a neutral approach toward the subject, according to the press release.

According to U.S. Secretary of Labor Lori Chavez-DeRemer, the DOL is rolling back the government overreach created by the Biden Administration.

Says Chavez-DeRemer,

"The Biden administration’s department of labor made a choice to put their thumb on the scale. We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not D.C. bureaucrats."

The DOL says it’s neither endorsing nor disapproving of employers who choose to include crypto assets and notes that its reasoning extends to other crypto-related products, such as derivatives.

Previously, the DOL said it had "serious concerns" about people’s retirement funds being tied up in crypto due to "significant risks of fraud, theft, and loss."

@ Newshounds News™
Source:  
DailyHodl

~~~~~~~~~

Russia Allows Banks to Offer Crypto Products to Accredited Investors

Russian banks have started rolling out crypto investment products tied to the price of Bitcoin following a greenlight from the central bank.

The Bank of Russia has permitted financial institutions to offer certain cryptocurrency-based financial instruments to accredited investors.

Russian banks are now free to provide qualified investors with a range of crypto products, including crypto derivativessecurities, and other digital financial assets tied to crypto prices, the central bank announced on May 28.

A key stipulation, however, is that these products must not involve the "actual delivery of cryptocurrencies," the Bank of Russia emphasized.

The announcement came alongside the Bank of Russia reporting a 51% increase in crypto asset inflows by Russian residents in the first quarter of 2025, totaling 7.3 trillion rubles ($81.5 billion).

T-Bank Among the First to Offer Bitcoin Investment Products

Some major Russian banks started rolling out cryptocurrency investment products immediately following the Bank of Russia’s announcement.

T-Bank (formerly Tinkoff Bank), one of the largest commercial banks in Russia, announced on May 29 the offering of digital financial assets (DFA) tied to Bitcoin.

“The tool allows you to invest in cryptocurrency in rubles through a familiar application — safely and within the legal framework of the Russian Federation, without opening an account on a crypto exchange and difficulties with protecting your wallet,” the bank said.

T-Bank’s new “smart asset” offering is issued through the Russian state-backed tokenization platform Atomyze and is available exclusively to accredited investors.

Direct Crypto Investments Still Not Encouraged

While greenlighting local lenders to offer crypto products, the Russian central bank still maintains a restrictive approach regarding direct cryptocurrency investment.

“The Bank of Russia still does not recommend financial institutions and their clients to invest directly in cryptocurrencies,” the Bank of Russia said in a statement.

The central bank also noted the ongoing government discussions on the potential launch of an experimental regime that would allow certain investors to trade crypto assets like Bitcoin directly.

Russia’s Estimated CEX Holdings Are at $9.2 Billion

In its latest financial stability review, the Bank of Russia estimated Russians’ crypto holdings on centralized exchanges (CEXs) at 827 billion rubles ($9.2 billion).

According to the authority, Bitcoin is leading Russians’ CEX holdings with a 62% share, with Ether (ETH) following at 22%Stablecoins like Tether (USDT) and Circle’s USDC ranked third with a share of 15.9%.

Some local crypto enthusiasts observed that the actual figure of cryptocurrency held by Russians is significantly bigger than the estimated CEX holdings reported by the Bank of Russia.

“I know that [Pavel] Durov and [Alexey] Bilyuchenko alone have more money in their wallets than this amount,” Sergey Mendeleev, founder of the digital settlement exchange Exved, wrote on his Telegram channel. He hinted that Russians hold much bigger crypto amounts in wallets and decentralized exchanges.

@ Newshounds News™
Source:  
Cointelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

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10 Sources Of Emergency Cash, Ranked From Best To Worst

10 Sources Of Emergency Cash, Ranked From Best To Worst

Christine Benz of Morningstar  Tue, May 27, 2025

If unanticipated expenses exceed your emergency fund, here’s a look at where to go next.

1. Your Own Emergency Fund/Short-Term Securities

Emergency funds should be held outside of tax-sheltered wrappers and include highly liquid investments like bank savings accounts, money market accounts, and so on.

2. Low-Risk Assets In Taxable Account

Next, look at other taxable holdings: investments in brokerage accounts, outside the confines of tax-sheltered vehicles.

10 Sources Of Emergency Cash, Ranked From Best To Worst

Christine Benz of Morningstar  Tue, May 27, 2025

If unanticipated expenses exceed your emergency fund, here’s a look at where to go next.

1. Your Own Emergency Fund/Short-Term Securities

Emergency funds should be held outside of tax-sheltered wrappers and include highly liquid investments like bank savings accounts, money market accounts, and so on.

2. Low-Risk Assets In Taxable Account

Next, look at other taxable holdings: investments in brokerage accounts, outside the confines of tax-sheltered vehicles.

When identifying possible securities that you could sell to raise funds, focus on liquidity, tax consequences, and any commissions you’ll owe.

3. Roth IRA Contributions

It’s never great to tap your retirement assets unless you absolutely need to, but the Roth IRA offers more flexibility and has fewer strings attached than other tax-sheltered retirement vehicles.

Specifically, you can withdraw any Roth IRA contributions at any time, without incurring penalties or tax—but you’ll have fewer retirement funds working for you.

4. Life Insurance Cash Values

Cash values that have built up in your whole life insurance or variable universal life insurance policy can be another decent source of emergency cash. You can withdraw money outright and have it deducted from your policy’s face value.

Another possibility is to borrow from the cash value of your life insurance. You’ll owe interest on the loan, and these rates can be reasonable but aren’t always low.

5. 401(K) Loan

A 401(k) loan is better than a hardship withdrawal because the interest you pay will get paid back into your account.

On the downside, borrowing from your 401(k) plan short shrifts your retirement savings. Not only will you have less money working for you in the market, but having to pay the loan back with interest also means you’re less likely to be able to make new contributions.

TO READ MORE:  https://finance.yahoo.com/news/10-sources-emergency-cash-ranked-183036150.html

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“Tidbits From TNT” Thursday Morning 5-29-2025

TNT:

Tishwash:  American company Starlink confirms its readiness to operate in Iraq: We will contribute to the digital transformation.

American company SpaceX "Starlink" confirmed on Wednesday its readiness to operate in Iraq and contribute to the digital transformation and its applications for public and private sector institutions.

The Prime Minister's Office stated in a statement received by ( IQ ), "Prime Minister Mohammed Shia Al-Sudani received, today, Wednesday, a delegation from SpaceX (Starlink), an American company specializing in network, information and communications technology. During the meeting, aspects of cooperation in the field of communications and services provided by the company, and its coverage areas, were reviewed."

TNT:

Tishwash:  American company Starlink confirms its readiness to operate in Iraq: We will contribute to the digital transformation.

American company SpaceX "Starlink" confirmed on Wednesday its readiness to operate in Iraq and contribute to the digital transformation and its applications for public and private sector institutions.

The Prime Minister's Office stated in a statement received by ( IQ ), "Prime Minister Mohammed Shia Al-Sudani received, today, Wednesday, a delegation from SpaceX (Starlink), an American company specializing in network, information and communications technology. During the meeting, aspects of cooperation in the field of communications and services provided by the company, and its coverage areas, were reviewed."

During the meeting, Al-Sudani emphasized that "Iraq today boasts many promising investment opportunities, given the rapid growth and urban and service expansion it is witnessing," noting "the importance of the strategic relationship with the United States within the framework agreement and other bilateral memoranda of understanding, which extend to various economic, scientific, and developmental fields."

Al-Sudani directed the relevant authorities to "study ways to facilitate SpaceX (Starlink)'s work and expedite the necessary measures," expressing his welcome for major technology companies, particularly American ones, to operate in Iraq and the possibility of their cooperation with the Iraqi private sector, within the government's vision for digital transformation measures.

For its part, the company's delegation affirmed its readiness to operate in Iraq, provide services, and cooperate in the Iraqi market. It explained that Starlink's services will contribute to digital transformation and its applications for public and private sector institutions, develop communications, and achieve economic prosperity within the framework of bilateral cooperation between Iraq and the United States   link

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

Tishwash:  Will international agencies raise Iraq's credit rating soon?

 British report points to Baghdad's financial and administrative reforms as possible reasons for the expected move.

The report indicates a significant improvement in the level of financial transparency through the issuance of annual public reports on public revenues and expenditures,

Iraq is moving toward a new economic phase aimed at improving its credit rating with international institutions through a series of financial and administrative reforms and a significant increase in foreign direct investment.

A new report issued by the London-based Global Center for Development Studies finds that the Iraqi government , led by Prime Minister Mohammed Shia al-Sudani, succeeded in attracting foreign investment exceeding $87 billion in 2024, with expectations of this amount rising to between $120 and $150 billion by 2029, in vital sectors including energy, petrochemicals, agriculture, and religious tourism.

Reforms to boost international confidence

The British report identified clear trends in Iraqi economic policy aimed at diversifying sources of income away from oil, strengthening financial governance, combating corruption, and increasing the independence of the Central Bank and improving monetary policy management. This has been reflected in declining inflation rates and a stable dinar exchange rate.

Iraq faces significant economic challenges due to fluctuating oil prices, rising spending, a worsening fiscal deficit, and exchange rate instability.

he report points to significant improvements in financial transparency through the issuance of public annual reports on public revenues and expenditures, and the updating of more than 200 laws over two years, enhancing the business climate and limiting the penetration of corruption networks into the state's institutions.

Cooperation with international institutions

According to the report, Iraq is in the process of signing consulting agreements with two international companies. One will provide technical support to the Commercial Bank of Iraq in compliance with international financial standards, while the other will manage a public relations campaign aimed at improving Iraq's economic image and enhancing its chances of obtaining a better credit rating from international rating agencies such as Standard & Poor's, Moody's, and Fitch.

The report indicated that Iraq's agricultural sector recorded a growth of approximately 15 percent in wheat production over the past three years, while the petrochemical sector achieved a rise of approximately 10 percent in 2023. Religious tourism, meanwhile, recorded a significant increase in exports, with the number of foreign visitors exceeding 20 percent, making it a promising sector for diversifying national income sources.

Although Iraq's rating remains at a low level of B- by Standard & Poor's and Fitch, and Caa1 by Moody's, its high foreign exchange reserves, ongoing reforms, and improved transparency indicators are all positive factors that could contribute to a rating upgrade in the near future, according to the report. link

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

Tishwash:  Al-Sudani: Iraq has returned to leading the Arab world, and we held meetings between Iran and three Arab countries.

Prime Minister Mohammed Shia al-Sudani said that his government held dialogue sessions between Iran and three Arab countries, stressing that the new Iraq will not accept being subservient to anyone.

In an interview with the Egyptian newspaper Al-Ahram, followed by Mail, Al-Sudani said, "We preferred to be a bridge for dialogue, not an arena for settling scores." He explained, "We held meetings between Saudi Arabia, Iran, Jordan, Tehran, Egypt, and Iran."

He added, "We remember Iran for standing with us in the 2014 war against ISIS," noting that "what distinguishes Iraqis is their pride in their country, self-respect, and dignity, which do not allow them to be a prisoner or subservient to anyone."

He continued, "We only want Syria to implement the agreements, maintain a unified and stable Syria, and confront terrorism." He emphasized, "We have closed the gaps through which Iraq's enemies were infiltrating, and we have succeeded in achieving accomplishments on the ground that have restored confidence to the citizen."

He pointed out that "corruption was widespread, and efforts are being made to achieve progress, and citizens feel confident," explaining that "the government's performance has sparked interest among young people and new generations in the importance of participating in the elections."

He continued, "We not only completed the infrastructure, and our efforts were not limited to construction and reconstruction alone, but we also built an information infrastructure," noting that "Iraq has resumed its role in leading the Arab world."

He stated that "the new Iraq does not accept being subservient to anyone," stressing that "Iraq is strong and stable  link

Mot: Marital Advice

Mot:  . Seeeee -- Again da Internet - Gives US Wisdom!! 

 

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MilitiaMan and Crew:  Iraq Dinar Update-Combating Money Laundering- Conference-Revaluation-Critical Component-Commitment

MilitiaMan and Crew:  Iraq Dinar Update-Combating Money Laundering- Conference-Revaluation-Critical Component-Commitment

5-28-2025

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

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

MilitiaMan and Crew:  Iraq Dinar Update-Combating Money Laundering- Conference-Revaluation-Critical Component-Commitment

5-28-2025

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

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

https://www.youtube.com/watch?v=Yj6IUscn2hs

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Iraq Economic News And Points To Ponder Wednesday Afternoon  5-28-25

Union Of Arab Banks: We Support Iraqi Banking Institutions Within International Laws

Wednesday, May 28, 2025, | Economic Number of reads: 251  Baghdad / NINA / The Union of Arab Banks affirmed that supporting Iraqi banking institutions is a top priority through developing strategies or facilitating dialogue with international partners, within the framework of applicable international laws and regulations.

Union Of Arab Banks: We Support Iraqi Banking Institutions Within International Laws

Wednesday, May 28, 2025, | Economic Number of reads: 251  Baghdad / NINA / The Union of Arab Banks affirmed that supporting Iraqi banking institutions is a top priority through developing strategies or facilitating dialogue with international partners, within the framework of applicable international laws and regulations.

Secretary General of the Union of Arab Banks, Wissam Fattouh, said during the Anti-Money Laundering and Combating the Financing of Terrorism Conference, which kicked off today, Wednesday, in the capital, Baghdad, "Combating money laundering and terrorist financing has become, in recent years, a top priority, along with combating corruption, at the heart of the global agenda and has become one of the main indicators of the credibility of financial institutions and their countries before the international community and international banks."

He added, "The Arab region faces complex challenges, some of which result from political and security tensions, and some of which are related to the regulatory and technical level in a number of banking sectors. Matters are further complicated by the strict and inflexible application of digital standards by international bodies towards banks, regardless of the specificities or circumstances of some countries."

Fattouh stressed that "the battle for compliance is not just a technical issue, but rather a sovereign, institutional, and economic issue all at once, because failure to comply threatens our relationship with international banks, limits our ability to carry out transfers, imports, and exports, and directly impacts investment flows, aid, and trade cooperation."

 He pointed to the urgent need for joint Arab action, particularly strengthening ties of joint cooperation between Iraqi banks operating in a complex political and economic environment, and the Union of Arab Banks.

He emphasized the importance of strategic partnerships to develop Iraqi banking and raise Iraq's voice in international forums, when we are ready to do so.

Fattouh emphasized the importance of working to integrate financial technology into internal control systems, including the use of artificial intelligence in compliance and risk assessment, noting the need to instill a culture of compliance at all levels, from board members to front-line employees.

He added, "The challenges we face today are a call for cooperation, reprioritization, and continuous work on banking reform."  https://ninanews.com/Website/News/Details?key=1229559

Chairman Of The Finance Committee: The Integration Of Iraqi Banks Into The International System Is A National Necessity.

Banks  Economy News – Baghdad  Parliamentary Finance Committee Chairman Atwan Al-Atwani stressed on Wednesday that compliance with international standards and banks' integration into the international system is a national necessity to protect the financial system and a prerequisite for developing the banking environment.

During his speech at the second session of the Anti-Money Laundering and Combating the Financing of Terrorism Conference, which was attended by Al-Eqtisad News, Al-Atwani said, "At the outset, I would like to express my welcome to the convening of this distinguished conference, which comes at a very important time, given the fundamental transformations and increasing challenges that the financial and banking sector is witnessing at the local, regional and international levels.

These challenges require the highest levels of coordination and cooperation from all of us, legislative, executive and oversight institutions.

" He added, "International regulatory obligations imposed on financial institutions, particularly those related to combating money laundering and terrorist financing, have become among the most prominent requirements that affect the nature of the relationship between local banks and their global counterparts.

Meeting these requirements is a prerequisite for developing a safe and stable banking environment capable of interacting positively with the global financial system."

He continued, "Iraq's engagement, represented by its national banks, in this international regulatory environment is not an option, but rather a national necessity to protect the financial system from cross-border risks and to ensure the continued flow of investments and capital, which directly contributes to supporting economic and social development efforts and enhancing confidence in the national economy."

In his speech, Al-Atwani noted, "Iraq has made significant strides in this direction over the past few years. The Iraqi banking system has witnessed major developments, including the modernization of the legal and regulatory structure, the issuance of compliance instructions, tightening oversight, and the development of qualified banking cadres capable of dealing with these changes."

He added, "We have witnessed the Central Bank of Iraq's commitment to adopting an approach to reform and development by imposing precise and updated instructions in line with international best practices, in addition to its relentless pursuit of enhancing transparency and strengthening the system for combating money laundering and terrorist financing."

He continued, "Despite these commendable efforts, challenges remain, especially in light of growing regulatory complexities and the increasing requirements of correspondent banks, along with their precise and changing conditions.

Here, the need for the concerted efforts of all stakeholders, from banks, regulatory, legislative, and security bodies, to confront these challenges with high responsibility and professionalism is growing."

He noted in his remarks, "Hence the importance of this conference, which constitutes an important platform for exchanging expertise, reviewing the latest developments in international legislation, and highlighting the experiences of other countries in this field, particularly with regard to modern compliance techniques, best practices in internal control, and risk management."

He added, "We also affirm, from our position in the Parliamentary Finance Committee, our full support for all efforts aimed at developing the Iraqi banking sector, and our keenness to follow up on the legislation required to enhance Iraq's compliance with international standards, while emphasizing the need to balance strict compliance with achieving economic growth goals, supporting the private sector, and facilitating investment."   https://economy-news.net/content.php?id=55942

Despite Global Increases, Basra Heavy And Medium Crude Prices Decline.

economy | 09:46 - 05/28/2025  Mawazine News - Baghdad -  Basra Heavy and Basra Medium crude prices fell on Wednesday, despite the rise in global oil markets.

Basra Heavy crude prices fell 40 cents, or 65%, to $61.60, while Basra Medium crude prices fell 40 cents, or 62%, to $64.10.

Oil prices rose after the United States banned Chevron from exporting crude from Venezuela under a new license, increasing the possibility of supply shortages. Brent crude rose to $64.56 a barrel, and US West Texas Intermediate crude also rose to $61.38 a barrel. https://www.mawazin.net/Details.aspx?jimare=261976

Gold Prices Rise Globally

Economy | 10:20 - 05/28/2025  Mawazine News - Follow-up  Gold prices rose on Wednesday as investors bought, but easing trade tensions between the United States and the European Union limited gains, while the market awaited the US core personal consumption expenditures report for clues on interest rates.

Spot gold rose 0.3% to $3,308.99 an ounce, recovering slightly from a 1% decline in the previous session, according to Reuters.  US gold futures rose 0.2% to $3,308.30.

US President Donald Trump backed down from his threat to impose 50% tariffs on the European Union, postponing their implementation until July 9 to allow time for negotiations between the White House and the 27-nation bloc.   https://www.mawazin.net/Details.aspx?jimare=261978

Again... The Dollar Price Drops In Baghdad.

Economy | 05/28/2025  Mawazine News – Baghdad  - The dollar exchange rate against the dinar declined in Baghdad with the closing of the stock exchange.  The selling price reached 140,000 dinars for $100, while the buying price was 142,000 dinars for $100. https://www.mawazin.net/Details.aspx?jimare=261989

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

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