Dinar Recaps Blog Page — Dinar Recaps (2024)

MP: Iraq Is Heading Towards “Major” Economic Changes And A Global Urban Revolution

Construction and reconstruction Economy News – Baghdad MP Sharif Suleiman praised, on Tuesday, the visit of Prime Minister Mohammed Shia al-Sudani to New York to participate in the 79th session of the United Nations, stressing that Iraq is qualified to control "important" files and is on the verge of "major" economic changes and an urban revolution in line with global developments.

Suleiman said, "Iraq's participation in the work of the United Nations General Assembly is a positive step, especially in light of the difficult conditions the region is going through."

He added, "Iraq has geographical and strategic qualifications that enable it to control important economic, political and security files," noting that "Iraq is on the verge of major economic changes and is leading an urban revolution in line with global developments."

Suleiman said, "This participation is an opportunity for Iraq to enhance its international presence and highlight its role in resolving regional conflicts and contributing to the stability of the region. Iraq also seeks, through these meetings, to strengthen its relations with major countries and attract more investments to support its development plans." https://economy-news.net/content.php?id=47961

Rafidain Launches Its Report On The Stages Of Combating Money Laundering And Terrorist Financing

Economy | 09/24/2024 Mawazine News – Baghdad Today, Tuesday, Rafidain Bank launched its report on the stages of combating money laundering and terrorist financing.

A statement by the bank received by (Mawazine News) stated that "it issued its report on the stages of combating money laundering and terrorist financing and the procedures that contributed to achieving this achievement and due diligence towards customers and using the best models for opening accounts and updating other customer information,

in addition to obtaining monitoring and follow-up programs that prevent any illegal transactions through suspicious activities and confronting them and informing the concerned authorities about them."

He stressed that "the report reflects the extent of commitment to implementing international standards for combating money laundering and terrorist financing and the efforts made by the bank to combat crimes in accordance with international standards in this regard."

The bank explained "the steps to implement the AML system (Anti-Money Laundering and Terrorist Financing System) related to Rafidain Bank since its establishment and the stages that have been implemented are as follows:

1- Contracting with Capital B. Solutions Ltd. on 17-12-2023 to acquire a specialized system to combat money laundering for individuals and entities who have financial activities with the bank and according to the requirements of the Central Bank of Iraq and the Anti-Money Laundering Unit, where four programs will be implemented for the following tasks: -

Risk profiling of the bank's customers - Implementing the scenarios approved by the Central Bank of Iraq and the requirements of the Anti-Money Laundering Unit

– Monitoring unusual customer movements (Auditing and Monitoring)

- Implementing the (Go Aml) program to extract reports to detect and report suspicious transactions and upload them to the (Go Aml) platform or portal in accordance with the requirements of anti-money laundering laws and regulations and according to local and international standards

- Screening the names of customers (screening) on ​​local and international sanctions lists that include a wide range of individuals, organizations and entities involved in sanctions and restrictions imposed by international organizations and governments.

- Implementing the FATCA program for US tax compliance to combat tax evasion by the bank's customers who have US citizenship

2- System stages The stage of preparing the system requirements, as the bank has reached advanced stages of achievement, which are as follows:

- Preparing the infrastructure to operate the system (test environment) - Production environment (production) and securing communications

- Preparing customer risk classification requirements for individuals and entities on the system according to the risk matrix that depends on the criteria (source Money - Nature of residence - Type of service - Customer activity area - Individual or company activity - Nature of individual - Type of company) and risk category (low - medium - high - very high)

- Adjusting system settings and verifying the operation of screens - The (AML) system was linked to the banking system database (Core Bank) by extracting data from the banking system database in a secure manner and passing it to the (AML) system on a daily basis.

- Training those concerned from the Money Laundering and Anti-Terrorism Reporting Department and the Information Technology Department on the system according to the specialization and functional and technical system requirements, roles and powers.

3- The examination and acceptance stage (UAT) of the system, which is the current stage of the project - The specialized and trained team on the system examines the system screens according to the requirements of the bank, the Central Bank of Iraq and the Anti-Money Laundering Unit

- Submitting weekly comments and reports and submitting them to the implementing company to make amendments and correct them.

4- The stage of acquiring international sanctions lists. The bank is in the process of contracting with the international company Refinitiv to acquire and subscribe to the international lists for the purpose of linking them to the system. https://www.mawazin.net/Details.aspx?jimare=255331

Prime Minister: The Government Has Made Great Strides In The Financial And Banking Reform File

Banks Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani confirmed today, Tuesday, that the government has made great strides in the financial and banking reform file.

The Prime Minister's Media Office stated in a statement received by "Al-Eqtisad News" that "Prime Minister Mohammed Shia Al-Sudani received the US Deputy Secretary of the Treasury, Wally Adeyemo, and a number of officials in the Ministry of Treasury."

He added that "the meeting discussed bilateral economic relations between the two countries in various vital sectors, reviewed the government's efforts and plans for economic and financial reform, the move towards diversifying sources of Iraqi output, enhancing development targets, and practical measures implemented in the field of combating money laundering."

The Prime Minister stressed that "the government has made great strides in the financial and banking reform file, and 95% of bank transfers have been completed through the electronic platform,"

noting that "less than 5% remains to be completed by the end of this year, after which the transition to the correspondent banking system will take place, in accordance with the government's approach and commitment to raising the capabilities of Iraqi banks, in line with international standards and meeting the needs of the thriving investment environment in Iraq."

For his part, Adeyemo praised "the progress that Iraq is witnessing in the field of economic and banking reforms that were achieved in record time, and the state of economic growth that reached a total of about 6%, which enhances the government's efforts in development, expressing readiness to cooperate and work within a bilateral partnership that serves the interests of economic development." Views 264 09/24/2024 - https://economy-news.net/content.php?id=47942

Al-Sudani Reviews With US Financial Official The Government's Efforts And Plans For Economic And Financial Reform

Tuesday 24 September 2024 | Economic Number of readings: 412 Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani reviewed with US Deputy Secretary of the Treasury, Wally Adeyemo, the government's efforts and plans for economic and financial reform.

A statement from his media office stated that Al-Sudani received, yesterday evening, Monday (Baghdad time), US Deputy Secretary of the Treasury, Wally Adeyemo, and a number of officials in the Ministry of Treasury.

During the meeting, economic relations between the two countries in various vital sectors were discussed, and the government's efforts and plans for economic and financial reform were reviewed, as well as the trend towards diversifying sources of Iraqi output, enhancing development targets, and practical measures applied in the field of combating money laundering.

The Prime Minister confirmed, according to the statement, that the government has made great strides in the financial and banking reform file, and 95% of bank transfers have been completed through the electronic platform, and less than 5% will be completed by the end of this year,

after which the transition to the correspondent banking system will take place, in accordance with the government's approach and commitment to raising the capabilities of Iraqi banks, in line with international standards and meeting the needs of the thriving investment environment in Iraq.

For his part, Adeyemo praised the progress witnessed by Iraq in the field of economic and banking reforms that were achieved in record time, and the state of economic growth that reached a total of about 6%, which enhances the government's efforts in development, expressing readiness to cooperate and work within a bilateral partnership that serves the interests of economic development. / End 2 https://ninanews.com/Website/News/Details?key=1156985

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

Good Evening Dinar Recaps,

@ Newshounds News™
Source:BienCrypto

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The lawsuit also points to Visa’s strategy of “cooperating” with would-be competitors, particularly in the tech industry, to prevent them from offering disruptive alternatives.

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JUST IN: HEZBOLLAH ASKS IRAN TO ATTACK ISRAEL.BRICS Post Link

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UNDERSTANDING ANTI MONEY LAUNDERING RISK AML |Youtube

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Source:Seeds of Wisdom Team Currency Facts

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Tuesday Evening News With MarkZ and Zester

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Good Evening Mark Z, Mods, Zester, and Everyone !

Member: What do you think about the October 1st static?

MZ: I think it’s doable…

MZ: The chatter coming out of the banking side has been pretty severe today- in a good way. They say rates are being seen…but I havn’t confirmed them …But I am hearing this from 3-4 different sources that work at different banking institutions….and they all agree on the rate of $3.57 on the screens. ….. I expect it’s all over the dinar boards.

MZ: It’s certainly interesting this is being seen by so many …and the same rate.

Member: Do you think it’s possible for Iraq to keep the new rate quiet like they did in Iraq?

MZ: I think they might be able to keep it quiet a day or two….if they pull the trigger late on a Friday or Saturday ….but that’s it because of the internet. They will not be able to pull off what they did in Kuwait now.

Member: hey Mark! I may be asking a dumb question but is devaluation and revaluation the same?

MZ: They can be the same- you can revalue down or you can revalue up.

Member: But devaluation always go down I think

MZ: “Iraq Plans Currency Redenomination amid economic challenges” they are talking openly about redenomination…..deleting the zeros or make them unnecessary and remove them…and we are seeing this over and over again. Kuwait used the exact same language .

MZ: “Iraq reviews the US Treasury the date of abandoning the currency auction” this is so important. I was told Oct 1st- no more foreign currency auctions. This is the one thing I was told to look for –When they are done with foreign currency auctions…they would revalue. And this news just came out today that they are ending them.…. I can’t wait to hear what MilitiMan has to say about this one.

Member: Thanks Mark and Mods….See everyone in the AM…enjoy the rest of the evening.

Zester joins the stream tonight. Please listen to the replay for his opinions and information

MarkZ New Discord link: https://discord.com/invite/AxGE6k4pvx

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.

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!

Youtube: https://www.youtube.com/watch?v=8V6crSKeoTs

KTFA:

Iraq Plans Currency Redenomination Amid Economic Challenges

9/23/2024

ERBIL— The Central Bank of Iraq (CBI) has announced that discussions regarding the project to remove zeros from the Iraqi dinar are ongoing, with assessments continuing. The bank also noted a reduction in reliance on the US dollar for trade transactions.

Ali Mohsen al-Alaq, Governor of Iraq's Central Bank, stated that the bank is facing global economic challenges, such as rising energy and raw material prices.

To address these issues, it has amended some monetary policies in line with the international situation, aiming to increase confidence in the Iraqi dinar and prevent a significant decline in its value.

The central bank has also increased its holdings of foreign currency and gold reserves to enhance the country's financial stability and its ability to cope with economic crises in any situation, he added.

Many countries remove zeros from their currencies to revalue the national currency and facilitate financial transactions. This process involves eliminating a certain number of zeros from the nominal value of the currency, making it less inflationary and more stable.

Earlier this year, the Iraqi federal government decided to postpone a plan to remove three zeros from the nominal value of its currency notes, citing that the current economic climate is not suitable.

Last year, the central bank indicated plans to redenominate the Iraqi dinar to simplify financial transactions in an economy that remains heavily centralized and oil-dominated, where deals are often conducted in cash. LINK

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Clare: Iraq presents to US Treasury date for abandoning currency auction

9/24/2024 Economy

The Prime Minister informed Mohammed Shia Al-Sudani, US Treasury Department, keeps only 5% of remittances Foreign It is not done through the electronic platform, and it will be completed by the end of this year, then the transition to correspondent banks.

He said The office Al-Sudani's media, in a statement received by Sumaria News, said that Al-Sudani received, yesterday evening, Monday (Baghdad time), the US Deputy Secretary of the Treasury, Wally Adeyemo, and a number of officials in the Treasury Department. The meeting witnessed a discussion of bilateral economic relations between the two countries in various vital sectors, a review of the government's efforts and plans for economic and financial reform, the move towards diversifying the sources of Iraqi output, enhancing development targets, and practical measures applied in the field of combating money laundering.

Al-Sudani stressed that "the government has made great strides in the financial and banking reform file, and 95% of bank transfers have been completed through the electronic platform, and less than 5% remains to be completed by the end of this year, after which the transition to the correspondent banking system will take place, in accordance with the government's approach and its commitment to raising the capabilities of Iraqi banks, in line with the standards.

"Global It meets the needs of the thriving investment environment in Iraq For his part, Adeyemo praised the “progress being witnessed by Iraq In the field of economic and banking reforms that were achieved in record time, and the state of economic growth that reached a total of about 6%, which enhances the government's efforts in development, expressing readiness to cooperate and work within a bilateral partnership that serves the interests of economic development," according to the statement. LINK

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

Fnu Lnu I would like to assure the Dinar investor community of a couple of things. There comes a time when common sense and logic must prevail. There will be NO travel necessary to exchange your Dinar for American dollars (USD). You will not have to go to Jordan, Egypt, or Syria. There will be NO $0.10 revaluation. It was already at the rate of $3.22 to 1 Dinar when the only resource was oil. Dr. Shabibi, the preeminent expert, stated publicly, that Iraq could sustain an $16 to 1 Dinar rate but lets not get greedy. $4.80 is just about right. Stay tuned because I will have a mind bender coming for you next time and it will really make you think.

Jeff

Iqd # Iraq economy

Nader: 9-24-2024

https://www.youtube.com/watch?v=-wfX58nevaw

Will The CBDC Reset Cancel Your Debt? | Clive Thompson

Liberty and Finance: 9-24-2024

Clive Thompson analyzes the recent Federal Reserve interest rate cuts and their potential impact on the economy.

While these cuts may initially seem advantageous for markets, he warns they could indicate more serious problems within the labor market and the broader economic landscape.

Thompson suggests that investors steer clear of cyclical companies and those burdened with high debt during a recession, recommending a focus on consumer staples and utilities as more reliable options.

He expresses concern over rising government debt and the threat of a currency crisis, which could lead to substantial losses for cash and bondholders.

Additionally, Thompson discusses the scenario of debt cancellation during a Central Bank Digital Currency (CBDC) reset.

INTERVIEW TIMELINE:

0:00 Intro

1:10 Rate cut & recession

17:05 CBDC Reset

38:14 Debt cancellation?

https://www.youtube.com/watch?v=xxSgQY6OEkU

Ariel : You hold all the cards now: Play your aces

This account exists because the private, membership-only site (S3-Gladiators) I was a part of was shut down. I engaged sparingly, sharing crucial updates on IQD. I connected with three key players through that channel—two of whom some of you have now come to know. Years ago, I was positioned to cash out. You’ve seen my NDA. Some of you wonder if you’ll be signing one yourself.

Understand this: NDAs will not be required unless you choose a private venture with selective banks. Any such decision will be entirely arbitrary, left to your discretion. Not forced. Not coerced. Not imposed. Everything 100% in your control.

On September 30, 2016, at 5:00 am EDT in the Line Islands of the Pacific Ocean, a monumental shift occurred: humanity was liberated legally, morally, and monetarily. The old, oppressive financial structures began their collapse.

The USA, Inc., and the Federal Reserve Bank’s fiat dollar (USD) met its end, replaced by the Republic’s new United States Treasury (UST). This transition marks the rebirth of sovereignty and wealth, with the European Banking Caball surrendering control of the global financial system by October 1st.

The world has been set on an irreversible course towards true independence, driven by a historic offensive to dismantle the remaining power of the 13 bloodlines. The Global Currency Reset (GCR) is transitioning from theory to reality, with the new asset-backed financial system becoming visible across global financial platforms.

Rate differentials will be recalibrated in accordance with asset-backed algorithms, rendering NDAs obsolete. Once public knowledge is established, no organization can demand secrecy (NDA) for what is already laid bare.

Iraq stands on the precipice of historical announcements that will send ripples through the international financial community. The resurgence of a powerful Iraqi currency will not just symbolize the end of an era but the dawn of another. An order that sees the shackles of centuries-old financial tyranny shattered, ushering in an age of unprecedented global prosperity.

Imagine the magnitude of what this means. A true paradigm shift that redefines the fabric of society and the global economy, allowing you to witness the realization of the true American Dream a dream that was systematically denied to generations.

Restitution is no longer a distant hope but a reality unfolding before us. This is not just a financial reset; it is the rebirth of human potential, a long-overdue reclamation of freedom and wealth that belongs to us all.

Stand ready, for the future that was once stolen is now being returned. The time has come to claim what is rightfully yours. The world is changing, and you are at the center of it. Prepare for the prosperity and transformation that will reshape history. Do your part. Make known your presence. This will never happen again. Make smart decisions.

~Your Future Stands Regardless Of What Has Befallen You

Source(s): https://x.com/Prolotario1/status/1838335358603235807

https://dinarchronicles.com/2024/09/24/ariel-prolotario1-you-hold-all-the-cards-now/

Pros And Cons.. Why Doesn't The Central Bank Delete 3 Zeros From The Iraqi Currency?

Economy 2024-09-24 | Source: Alsumaria News 2,509 views Alsumaria News – Economy Economist Nabil Al-Marsoumi said today , Tuesday, that the process of deleting zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the calculation process among consumers, and countries that suffer from high inflation often resort to it and have become unable to deal with paper currencies of very weak value.

Al-Musumi mentioned in a blog post followed by Al-Sumaria had previously implemented News that 54 countries at different times the deletion of a group of zeros from their local currencies due to some of the positives resulting from such a procedure, represented by

re-evaluating the national currency,

simplifying financial transactions, and

streamlining currency units as a necessary condition for reducing accounting numbers and

facilitating accounting. The

cost of managing large numbers new and the

lack of small numbers. He added,

although the issue of deleting 3 zeros from the Iraqi currency has been receiving attention and study from the Central Bank since 2007, the bank has not yet taken such a measure due to the lack of two important conditions: the

first is the instability of the dollar exchange rate against the Iraqi dinar and the

second is political instability.. In addition to the

disadvantages and risks resulting from it:

First: The process of deleting the zeros is not a magic solution to the problem of inflation, but rather a formality whose purpose is to give momentum to the Iraqi economy.

Second: Influencing the behavior of consumers and producers, economic variables, and economic relations between Iraq and other countries.

Third: Deleting the zeros is an imaginary change in the value of the currency and does not change its purchasing power.

Fourth: It is possible that people will panic and give up their dollar savings and replace them with the Iraqi dinar, which will lead to a large and sudden growth in the monetary supply, which will undermine monetary stability. Iraqi currency

Fifth: The large costs resulting from printing the new.

Sixth: The emergence of corruption in the process of getting rid of old currency or introducing counterfeit currencies and trying to replace them with the new currency, in addition to the occurrence of money laundering operations.

Seventh: The decision will not affect the competitiveness of Iraqi goods against foreign goods because the majority of transactions are carried out in dollars.

Eighth: Deleting the zeros will create social problems at this stage due to the inability to convince the public to accept the decrease in the size of the monetary mass while acknowledging that the true value of the money is not affected.

The issue relates to the mind and memory preservation of large amounts, in addition to the difficulty of settling commercial and personal contracts and agreements.

https://www.alsumaria.tv/news/economy/501033/إيجابيات-وسلبيات-لماذا-لا-يحذف-البنك-المركزي-3-اصفار-من-العملة-العراقي

The "Exposed Operations" Have Been Addressed.. A Specialist Confirms The Decline In Money Laundering Operations In Iraq - Urgent

Economy | Today, Baghdad today - Baghdad Financial affairs specialist Nabil Jabbar Al-Tamimi confirmed today, Tuesday (September 24, 2024), adecline inmoney launderingoperations, while revealing the direct reason for this decline.

Al-Tamimi said in an interview with "Baghdad Today",

"There is a clear decline in variousmoney launderingoperationsin Iraq, and

this matter came after audits of remittances two years ago.

There is great effectiveness in dealing withmoney launderingoperations that were blatantly exposed earlier." He added,

"Certainly,money launderingoperations are taking place today, but with narrow limits and difficult paths.

This is the case in the rest of the countries of the world.

Suspicious money is circulated in the markets in the form of losing projects or trades, which are then laundered and granted legitimacy." The financial affairs specialist said,

"Usuallythose who carry out such operations arepoliticiansandsenior officialswho benefit from corruption anddrug traffickersalike in countries where collecting money requires disclosing the sources of that money."

Al-Tamimi concluded by saying, "The issue of thedollar exchange rate in the local market has nothing to do with capital. Rather,

this issue is related to issues of supply and demand in the local market."

On January 9, 2022, theMinistry of Foreign Affairsannounced the removal of Iraq from theEuropean Union’s list of high-risk countries in the field of combating money laundering and terrorist financing, according to a letter the former Prime Minister received from theEuropean Commission mission.

In May 2020, theEuropean Commissionclassified Iraq, along with other countries, including Afghanistan, Pakistan, Syria, Yemen, Iran, and North Korea, on the list of countries that pose financial risks to the European Union, due to deficiencies in combating money laundering and terrorist financing.

On February 18, 2020, theCommittee for Freezing Terrorist Funds, affiliated with theSecretariat of the Council of Ministers, issued a list that included 84 individuals and entities whose funds had been frozen on charges of financing terrorism, at the request of theUN Security Council.

https://baghdadtoday.news/258497-العمليات-المفضوحة-تمّت-معالجتها.-مختص-يؤكد-تراجع-عمليات-غسيل-الأموال-في-العراق-عاجل.html

Corruption... How Can It Be Combated?

Special Sumerian 2024-09-24 | Source: Sumerian 193 views Anti-corruption measures... Observers: Eliminating corruption is accompanied by the strength of laws and their application without exceptions

Observers have pointed out that the legislation in the laws established to combat corruption needs to be reconsidered to strengthen them and apply them without exceptions, and they point out that

neutralizing corruption and cutting off its tributaries occurs through the power of legislation, which is one of the tasks of the Parliament.

staff Alsumaria spoke to some of those concerned with this file, here is what they said!

https://www.alsumaria.tv/news/alsumariaspecial/501040/الفساد-كيف-يمكن-مكافحته؟

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

Good Afternoon Dinar Recaps,

BRICS NEWS:

The Vision of a BRICS Payment System
The BRICS nations — Brazil, Russia, India, China, and South Africa — represent nearly 41% of the global population and around 25% of the global GDP.

At its core, blockchain offers decentralization, transparency, and security. Transactions are recorded on a distributed ledger that is virtually tamper-proof, reducing the need for intermediaries like banks and lowering transaction costs.

By reducing reliance on the U.S. dollar and bypassing traditional financial systems, BRICS nations could gain more control over their economic futures and reshape the global financial landscape.

While challenges remain,the potential for a more decentralized, multipolar world economy is becoming increasingly likely.

Source:Medium

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JUST IN: 🇹🇷🇮🇱 Turkish President Erdogan says "just as Hitler was stopped 70 years ago, Netanyahu and his murderous netBricwork must be stopped by an alliance of humanity."

BRICS Post Link

@ Newshounds News™

Source:

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JUST IN: 🇧🇾 Belarus President Lukashenko orders military generals to "prepare for war."

BRICS Post Link

@ Newshounds News™

Source:

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While most of the crypto-focused conversations were offstage,there was a hint of crypto’s growing importance in the main convention hall too. Young pro-crypto members of Congress and candidates for Congress like Rep. Jasmine Crockett (D.-TX) and congressional candidate Shomari Figures of Alabama both received significant speaking slots.

Even some ardent crypto skeptics said the current enforcement-only approach at the SEC wasn’t working, and thatthere was a need for legislation. As two people who have been calling for reasonable legislation for years, this was music to our ears.

The other part that was especially notable was just how normal it was. Policymakers were curious about crypto, both how it worked and its involvement in this year’s elections.

But this curiosity was not hedged with the upturned nose that accompanied some discussions about crypto in DC even last year. Instead, we were seen as just another young and novel industry, one that policymakers were trying to grok.

The Harris campaign underscored this banal normality when it made news of its “support” for crypto’s growth in a press interview with the campaign’s policy director, Brian Nelson. Despite some anxiety about Nelson’s view of crypto given his recent role as Undersecretary of the Treasury for Terrorism and Financial Intelligence,Nelson announced on the third day of the DNC that a Harris Administration would “support” the growth of crypto in America.

The statement was remarkable given how much a political war has been waged on crypto, and unremarkable for how basic it was. Why wouldn’t an American president want an industry to stay headquartered in America?

The Harris campaign has since released its platform, which has emphasis on entrepreneurs, small businesses, and American innovators. Whilecrypto and other technologies are not mentioned by name, the rhetoric and tone used in the platform differs significantly from that of the Biden administration.

More than anything else, an overarching feeling of simple acceptance for crypto pervaded Chicago. There arestill many miles to go for the Democrats to actually find workable solutions for how they want to regulate crypto, but thefirst step to building something is to commit to doing it.

We were pleased to see Vice President Harris acknowledge recently that digital assets technologies need to be encouraged; while we may not have a schematic for how Democrats will execute a reset with crypto, both the DNC and recent Crypto4Harris event showed that Democrats across the ticket no longer question as a default whether crypto has a right to exist. That’s progress worth celebrating with a balloon drop.

@ Newshounds News™

Source:

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XRP NEWS: RIPPLE’S 1,700 BANK DEALS COULD SEND PRICES SOARING – HERE’S WHY!

XRP is pivotal as bulls fiercely defend the critical $0.5785 support, setting the stage for a potential breakout. With the price consolidating and eyeing key resistance levels at $0.5920 and $0.600, the question is: will bulls take over and drive XRP higher, or is another decline looming? This battle for control could define XRP’s next big move, with significant upside potential if key levels are breached.

@ Newshounds News™

Source:

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Will China and BRICS Nations Destroy the Dollar?

VRIC Media: 9-23-2024

Welcome to the official VRIC channel. Today, the discussion centers around the increasing momentum toward the de-dollarization of global trade, led by the BRICS nations.

As China, Russia, and other emerging economies strengthen economic ties and finance critical infrastructure projects worldwide, a shift toward a multipolar world is becoming more apparent.

With talks of a gold-backed trade settlement currency on the horizon, the dominance of the U.S. dollar appears increasingly fragile.

The conversation explores the upcoming BRICS summit and speculates on the feasibility of a new currency standard that could redefine global financial power dynamics.

Could we be witnessing the end of dollar hegemony?

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

They Say It’s IMPOSSIBLE For the Dollar to Collapse

Taylor Kenny: 9-24-2024

The truth about your cash's value might shock you. Governments are printing money at will, eroding the wealth you've worked hard to build. Discover why gold and silver are the real stores of value and how to protect your wealth against the ongoing confiscation happening through inflation.

CHAPTERS:

00:00 - The Illusion of Cash Value

00:36 - What the Dollar Lacks

01:16 - Gold: The True Money

01:49 - Government’s Plan for Unlimited Spending

02:27 - Inflation and Wealth Confiscation

03:46 - Deficit Spending and the Mega-Rich

04:27 - Protecting Wealth with Gold and Silver

05:40 - J.P. Morgan’s Warning About True Money

https://www.youtube.com/watch?v=Vr4T6iObf2A

"The FED is Terrified of a Stock Correction" - Mike Maloney & Chris Martenson

9-24-2024

At the Limitless conference, Mike Maloney sits down with Chris Martenson to discuss the real state of the economy and the dangers ahead.

From the Federal Reserve's policies that fuel wealth inequality to the fragility of the markets, they dive deep into why the average person is being left behind while the rich get richer.

Chris shares his insights on why we may already be in a recession, and they both criticize the role of the Federal Reserve in creating economic imbalances.

This eye-opening discussion is a must-watch for anyone who wants to understand how these issues affect not only the economy but also society as a whole.

https://www.youtube.com/watch?v=wu1I6JRFhO0

TNT:

Tishwash: Removing zeros from the Iraqi dinar is back in the spotlight..Strengthening the currency or just changing its form?

Talk has returned again about the process of removing zeros from the local Iraqi currency, as the Central Bank of Iraq confirmed that the project to remove zeros from the dinar is subject to continuous review and study.

Countries remove zeros from their currency to revalue their national currency and simplify financial transactions. This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary and more stable.

The central banks of these countries usually issue a new currency, equal in value to one hundred thousand or one million of the old currency, with the old currency gradually being withdrawn from the markets, after a period in which the two currencies are allowed to be used side by side. The most famous countries that have implemented this process, more than once, successfully were Turkey and the former Yugoslavia.

In his statements, Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq, considered that the bank responded to global economic challenges such as rising energy and raw material prices by amending some monetary policies in line with the international situation and to enhance confidence in the Iraqi dinar and prevent a sharp decline in its value.

Al-Alaq pointed out that the Central Bank of Iraq increased its holdings of foreign exchange and gold reserves to strengthen the country's financial position and stability, in order to enhance its ability to confront potential economic crises.

Commenting on this, economic researcher Ali Daadoush said in an interview with Al-Mada, “The process of deleting zeros is linked to the Central Bank of Iraq,” indicating that “the issue is not new and was previously discussed about 14 years ago. “

Daadoush pointed out that "the process of deleting prices is psychological, as the commodity worth a thousand dinars will be worth one dinar and remain at the same value."

The economic researcher pointed out that "removing zeros leads to flexible dealing with the local currency and strengthens it, and may lead to increased production and diversification of the economy, and thus enhance the value of the Iraqi dinar."

For his part, economic affairs expert Mustafa Hantoush said in an interview with Al-Mada, “The issue of removing zeros from the Iraqi currency is only arithmetic and keeps the currency at the same value. That is, when you sell a house for 100 million, it will be sold for 100 thousand.”

Hantoush added that "countries resort to deleting zeros when there is an expansion in the value of the printed currency and problems occur in the book value and accounting entries, for the purpose of restoring accounting balances."

The economic researcher went on to say, “Iraq is currently suffering from problems with the exchange rate,” indicating that “the value of printing and replacing the currency costs Iraq time, effort and millions of dollars.”

Hantoush said, “The situation now requires focusing on how to maintain the value of the Iraqi currency against foreign currencies.”

According to the latest data, the Central Bank of Iraq's foreign reserves cover 83.62% of the broad money supply, which covers the cost of importing 15 months, while the global standard rate is 20%, covering 6 months of importing.

Foreign exchange reserves are a tool used by all central banks to maintain the stability of the local currency exchange rate against foreign currencies, as well as to reduce exposure to external crises by maintaining liquidity in foreign currency to absorb shocks in times of crisis.

The Iraqi currency is under great pressure, which has caused its price to decline against the dollar during the past period, including the increase in the Iraqi budget deficit. Two weeks ago, Mazhar Salih, financial advisor to Iraqi Prime Minister Mohammed Shia al-Sudani, said that Iraq will face a budget crisis in 2025 due to the decline in oil prices, the country's main source of revenue. Salih said in an interview with Reuters: “We do not expect major problems in 2024, but we need stricter financial discipline in 2025.” link

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Tishwaash: Iraq is close to completing its financial transfers electronically.. and the US Treasury reveals its economic growth rate

Prime Minister Mohammed Shia Al-Sudani received yesterday evening, Monday (Baghdad time), US Deputy Secretary of the Treasury Wally Adeyemo, and a number of officials in the Treasury Department.

According to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}, the meeting witnessed "discussing bilateral economic relations between the two countries in various vital sectors, reviewing the government's efforts and plans for economic and financial reform, the move towards diversifying the sources of Iraqi output, enhancing development targets, and practical measures implemented in the field of combating money laundering."

The Prime Minister stressed that the government has made great strides in the financial and banking reform file, and 95% of bank transfers have been completed through the electronic platform, and less than 5% remains to be completed by the end of this year, after which the transition to the correspondent banking system will take place, in accordance with the government’s approach and its commitment to raising the capabilities of Iraqi banks, in line with international standards and meeting the needs of the thriving investment environment in Iraq.

For his part, Adeyemo praised the progress witnessed by Iraq in the field of economic and banking reforms that were achieved in record time, and the state of economic growth that reached a total of about 6%, which enhances the government's efforts in development, expressing his readiness to cooperate and work within a bilateral partnership that serves the interests of economic development. link

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Tishwsh: Aramco begins issuing international dollar-denominated sukuk

Saudi Arabian Oil Company (Saudi Aramco) announced the launch of international dollar-denominated sukuk, starting from today, Tuesday, September 24, 2024, until October 2, 2024.

The minimum subscription is $200,000 and integral multiples of $1,000 in excess of that amount, subject to market conditions.

The nominal value of the offering is $200,000, and the return value and maturity period are determined according to market conditions.

This comes after Saudi Aramco announced its intention to issue international sukuk under the SA Global Sukuk Limited's Trust Certificate Issuance Program.

The company said in a statement on the Saudi Stock Exchange (Tadawul) today, Tuesday, that the sukuk will be denominated in US dollars, and will be direct, priority, unsecured, with a limited right of recourse to the assets, which constitute an obligation on (SA Global Sukuk Limited).

The value of the offering will be determined based on market conditions. The net proceeds will be used for general corporate purposes of Saudi Aramco.

The offering is subject to regulatory approval and will be offered in accordance with Rule 144A/Reg S of the U.S. Securities Act of 1933, as amended.

The FCA and ICMA stability rules will also apply to the offering. An application will be made for the Sukuk to be admitted to the Official List of the FCA and the London Stock Exchange. The Sukuk will also be admitted to trading on the London Stock Exchange.

Saudi Aramco has appointed Al Rajhi Capital, HSBC, First Abu Dhabi Bank, Dubai Islamic Bank PJSC, Standard Chartered Bank, KFH Capital, Goldman Sachs International, J.P. Morgan and Citi as Joint Active Bookrunners to organize a series of fixed income investor meetings commencing on 21 Rabi’ Al-Awwal 1446H (corresponding to 24 September 2024G).

SMBC Nikko, Alinma Investment, Albilad Capital, MUFG, Abu Dhabi Commercial Bank PJSC, POCI Asia Limited, Emirates NBD Capital Limited, Sharjah Islamic Bank, Mizuho and Natixis have been appointed as Joint Bookrunners for the inactive subscribers.

The offering of these international sukuk will be limited to qualified investors in the countries in which the offering will take place, in accordance with the laws and regulations in force in those countries.link

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Good Morning Everyone! RV There Yet???

Member: Feeling like something good is about to happen!

Member: So, I have theory on the Dinar RV; Al Sudani ended his UN meetings in NYC yesterday. He gets home, tells his citizens FIRST then announces to the world! So tomorrow seems appropriate for me.

Member: Let’s all pray your theory is right!!

Member: Next week starts our new fiscal year…..could that be what they are waiting for ?

MZ: Good question….sure looks like they are preparing

Member: Seeing that the Fiscal year ends on Sept. 30th could this be the when the reset happens ????

Member: it looks like lots of changes coming Oct 1st due to the new fiscal year….That is next Tuesday or one week from today.

Member: Maybe the reason the budget will not pass and close down the government is to force banks to be Basal 3 and the new fiscal year as a republic with USTN

Member: Oct 1st - all banks must be Basel 3 compliant - think things will shake up in the banking world? Curious to see this impact.

Member: A rumor is the US Corporation goes away on October 1 as well as all out bogus, fiat money

MZ: Overnight last night was quiet on the bond side and Prosperity Package side for me….It’s like the whole world is waiting for an event. The question is “What event”???

MZ: Hopefully the quiet means there are more NDA’s, and I know many are moved into position. I just have not heard what to expect on timing….I hope the quiet is because of how close we are.

Member: So are we waiting for an event or is Iraq far enough along to say “Just do it”???

MZ: I always heard there would be a distraction event….we shall see. But I think they have already started the process and its rolling out. We just don’t know the process enough to gauge the timing. They will keep grinding away at it until its seen at every level. imo

Member: That’s one heck of a slow roll out…..snails in molasses in February are faster than this roll out.

Member: I wonder what are you contacts saying now that it didnt happen in the last few days?

Member: I still think it could be a shotgun start?? Bonds and T4b at same time??

​​Member: For those asking about the dinar: .00076 take three zeros off .76. That makes your currency more valuable.

Member: Has the HCL (Hydro Carbon Law) in Iraq passed yet?

MZ: Not officially announced yet….but we are seeing signs of it in the salaries being paid , money moving and the Kurdish region just sent around $100 billion in non oil revenue and taxes to the Baghdad treasury. Seems to be enormous things happening around the HCL.

Member: Bara and Jentell thinkin tomorrow morning they pull the trigger on the RI…

Member: Did Zimbabwe just get liberated ?! Title deeds to land being given out to humanity, along with trust funds set up for the people

Member: What are the best currencies to have?

MZ: My favorites are IQD, VND, Indonesian Rupiah , Zim …….have you noticed Iraq is meeting with Vietnam, Indonesia and all countries with all the currencies we hold. Interesting.

Member: Still hoping the Venezuelan Bolivar is on that list to go.

Member: , Rumor has it that we are encouraged to register on the QFS website. Is this true or just another ploy to mislead the people?

MZ: It’s a rumor …Don’t fall for it. This is to mislead everyone…..If they want to prove it- I would be happy to be proven wrong.

Member: Many out there trying to prey on desperate people.

Member: When we go in for exchange, how will we receive funds? By card? What info will we have to give to receive funds? Fingerprints?

Member: I am sure we will get cards……hopefully highly secure cards ……I heard high limit cards.

Member: are we getting 800 # from Dinar Recaps or to our personal email from where we exchanged for Dinar?

Member: Probably both…..And from all dinar sites as well……we may get many notifications.

Wishing MarkZ, all the fantastic MODS and Family the best day ever!!!!!

MarkZ New Discord link: https://discord.com/invite/AxGE6k4pvx

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch: https://www.twitch.tv/theoriginalmarkz

Youtube: https://www.youtube.com/watch?v=qut9dQzMGKs

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.

Judy Note: Liquidity for the Global Currency Reset would both activate on Tues. 1 Oct. So I’m thinking, hoping, believing we can count on it actually happening this time.

Global Currency Reset:

“On Tues. 1 Oct. 2024 U****c. Corp. Dissolves – Ends Fiat Monetary System Experiment. Gold/Asset-Backed Quantum Financial System Locked, Loaded & Taking Over.” …on Telegram Sat. 21 Sept. 2024

“The first week in October over the Emergency Broadcast System, the military will (allegedly) reveal all. Also, in the first week of October, we expect to see various countries adopting and rolling out a valid QFS. Military reserves and armies are expected to be activated in the US, Canada, UK, EU, Iceland, South America, Mexico, African regions, Malaysia and over 80 other countries.” … (JFK Jr.) on Telegram Sat. 21 Sept. 2024

Judy Note: Tues. 1 Oct. is the date the new United States of America Restored Republic and Global Currency Reset (allegedly) begin and when the Cabal’s fiscal year ends. Most important, Tues. 1 Oct. is the deadline for banks to be Basel III Compliant (monies backed by gold) or they will be closed.The banks will be taking on a different role as service-only centers. In other words, after Tues. 1 Oct. the Caball which has been officially bankrupt since 2008, will no longer have access to US Taxpayer dollars.

Mon. 23 Sept. 2024: Bombshell Report! Judy Byington: The Great Awakening Is Upon Us. American, European Banks Collapse. QFS Becomes Fully Operational. Prepare, Patriots… – amg-news.com – American Media Group

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

Global Financial Crisis:

Judy Note on the New York Stock Market: For the last over two weeks the DOW and S&P have had almost the same numbers (Dow 41,6xx; S&P 5,6xx), just changed the background to sometimes red, or sometimes green. You’d think that if they were going to effectively manipulate the Market without people finding out, they would be more creative.

Mon. 23 Sept. 2024: Breaking News: BlackRock Files for Bankruptcy! The Unbelievable Collapse of a Financial Giant – amg-news.com – American Media Group

Mon. 23 Sept. 2024: RV/GCR and EBS Disclosure: The Global Financial Armageddon and the Collapse of Nine Nations – The Impending EBS Disclosure and Market Crash – amg-news.com – American Media Group

Mon. 23 Sept. 2024: Breaking News: BlackRock Files for Bankruptcy! The Unbelievable Collapse of a Financial Giant – amg-news.com – American Media Group

Read full post here: https://dinarchronicles.com/2024/09/24/restored-republic-via-a-gcr-update-as-of-september-24-2024/

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

Militia Man The '23, '24, '25 tripartite budget for investment they haven't exposed it yet...Why not? Probably because it has an exchange rate sensitivity to it.
9-23-2024

Buy Gold, Dump Dollars: US Billionaires Plan for the WORST as More Fed Cuts Loom

Daniela Cambone: 9-23-2024

"The Fed will be forced to pivot, and when they do, it's going to send gold soaring even higher,” says Brien Lundin, editor of Gold Newsletter and CEO of the New Orleans Investment Conference.

Speaking with Daniela Cambone, Lundin explained that the Fed is cornered, with no choice but to cut rates to support the weakening economy.

He emphasized that these expected rate cuts will continue to weaken the U.S. dollar, further enhancing gold’s appeal as a safe-haven asset.

CHAPTERS:

00:00 The Gold Rally: A Stealth Bull Market?

03:01 Impact of the Fed on Gold Prices

6:16 Gold as a Hedge Against Inflation

08:13 The Future of Gold Prices

10:59 The Fed's Role and Economic Concerns

12:26 Political Implications for Gold Investors

16:29 The New Orleans Investment Conference

https://www.youtube.com/watch?v=pjCa9bXa_yk

Ancient Connections Egypt Babylon Iraq Iran and the IQD Importance

Edu Matrix: 9-24-2024

Documentary Title: Ancient Connections: Egypt, Babylon, Iraq, Iran, and the IQD - This documentary delves deep into the historical, religious, and cultural connections between Egypt, Babylon, Iraq, and Iran, tracing how these ancient civilizations have shaped the modern geopolitical and spiritual landscapes of the Middle East.

It begins by exploring the rich histories of Egypt and Babylon—two of human history's most influential and ancient civilizations—while highlighting their enduring legacies in Iraq and Iran today.

The film sheds light on the complex civil unrest within the Islamic religion, analyzing the divisions, conflicts, and ideological struggles that have persisted over centuries and still influence the region's political dynamics. The documentary also takes a comparative approach by examining how Christianity fits into this intricate web of religious beliefs, identifying the similarities and stark differences between Christianity, Islam, and Judaism, which is older than either Christianity or Islam.

https://www.youtube.com/watch?v=nUTGkRZ2ON0