Iraq Economic News and Points to Ponder Thursday Afternoon 4-10-25

A High-Level US Economic Delegation Visits Iraq, Affirming Partnership And Economic Development

Buratha News Agency1312025-04-10   The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the U.S. Treasury will play an active role in developing the Iraqi economy, noting that Iraq is witnessing increasing openness to economic partnerships with the United States.

Lutes stated during a press conference that "our visit to Iraq represents the largest delegation of American businessmen to visit the country, and includes diverse sectors of the American economy," stressing that "Iraqi Prime Minister Mohammed Shia al-Sudani is working to strengthen partnerships between Iraqi companies and their American counterparts to develop the industrial and economic sectors."

He also explained that "the US Treasury Department and the US Chamber of Commerce represent key players in supporting joint economic cooperation between the two countries, with the aim of achieving sustainable development and expanding the horizons of joint action."

In contrast, Ibrahim al-Baghdadi, head of the Iraqi Economic Council, emphasized during the conference that "the country has witnessed a significant decline in the level of education in recent years since liberation, but the presence of the American University in Iraq represents an important step toward saving education and represents a real lifeline."

Al-Baghdadi added, "We cannot forget the role of the United States in liberating Iraq from dictatorship. It is a pioneering country in many fields and continues to contribute to supporting Iraq."

He pointed out that "the visit of the American delegation, consisting of more than 100 figures representing more than 60 companies, is clear evidence of the development of economic relations between Baghdad and Washington," noting that "the Private Sector Development Council was launched two days ago, headed by Prime Minister Mohammed Shia al-Sudani, and including the First Deputy Prime Minister, the Minister of Planning, and the Second Deputy Prime Minister."

He concluded by saying, "Iraq is dozens of times better off today than it was in recent years, and we welcome any company willing to invest and work within Iraq to develop its industrial and economic sectors."   https://burathanews.com/arabic/economic/458652

Planning: 241 Trillion Dinars In Investments Required By 2028

Money and Business   Economy News – Baghdad  The Ministry of Planning estimated the investments required by 2028 at more than 241 trillion dinars.

“The volume of investments required to achieve the targeted growth rate of 4.24% during the implementation period of the National Development Plan is a total of 241 trillion and 100 billion dinars,” the ministry’s spokesperson, Abdul Zahra Al-Hindawi, told Al-Sabah, followed by Al-Eqtisad News. He pointed out that “the government sector contributes about 157 trillion and 300 billion dinars of that.”

He explained that "private sector investments constitute 8.34% of the total required investments, and the crude oil sector will receive the largest share of capital formation, amounting to 27.4%, followed by the housing ownership and social development services sectors, which will receive 22.5% and 20.8% of capital formation, respectively."

Al-Hindawi pointed out that "the water and electricity sector will receive 8.6% of capital formation, while the manufacturing sector will receive 8.7%, and the remaining sectors will have varying percentages of capital formation," explaining that "in light of the expected targeted GDP growth rate of 4.24% at constant prices, which exceeds the estimated annual population growth rate of 2.5%."

For his part, economic expert Alaa Al-Fahd questioned the role of the private or mixed sector in providing these investments to establish projects within the national development plan, continuing, “The oil sector enjoys very significant foreign and local investment participation because it is productive, and any investment funds invested in this sector will be income-generating in the future and have investment benefits, while other sectors provide specific services and have investment aspects and infrastructure.”

Al-Fahd stressed that “if Iraq wanted to open up to investment and sign all projects, including the ‘Development Road’ and the completion of the ‘Grand Faw Port’, these amounts would be greatly multiplied,” noting “the necessity of the private and foreign sectors participating in this field, because the government cannot provide these amounts alone without cooperation, joint investment and partnership with other sectors.”   https://economy-news.net/content.php?id=54298

US Agency: Partnership Contracts With Iraq Are The Largest And Most Recent

Energy  Economy News – Baghdad   Bloomberg, the US news agency, described the partnership contracts signed with the Iraqi government on Thursday as the largest and most recent, while noting Baghdad's success in developing the electricity generation sector with the two largest energy companies.

The agency stated in a report followed by "Al-Eqtisad News" that "Iraq signed non-binding agreements with two American companies aimed at adding 27 gigawatts to the country's electricity generation system, as part of efforts to meet the growing demand for energy." It noted that "the Iraqi government signed a memorandum of understanding with General Electric Vernova to build gas-fired power plants with a production capacity of up to 24 gigawatts."

She added that the plan, described as "the largest and most advanced" in the country's history, allows for access to external financing from international banks.

Electricity Minister Ziad Ali Fadel explained in a statement following the signing, according to the statement, that "the new stations will produce approximately 8 gigawatts without consuming fuel, while they will produce 16 gigawatts using natural gas and other fuels."

He explained that "demand for electricity in Iraq is expected to reach 55 gigawatts during the summer, while the country's current production capacity ranges between 16 and 26 gigawatts, depending on gas availability."

He pointed out that "the ministry signed another memorandum of understanding with UGT Renewables to establish an integrated solar energy project with a capacity of 3 gigawatts, financed by the US Export-Import Bank, the UK Export Finance Corporation, and JP Morgan," stressing that "the agreement includes a two-year period for technology transfer, training, operation, and maintenance."

The agency continued, "Oil Minister Hayan Abdul Ghani had previously announced talks with several companies to secure two floating storage and regasification units by early June, following the United States' decision not to renew the waiver that allowed OPEC's second-largest producer to purchase electricity from Iran."

For its part, the US Embassy confirmed that "Iraq's agreements with GE Vernova and UGT Renewables are worth billions of dollars."  It should be noted that "the exact cost and timeline for the projects are unknown."   https://economy-news.net/content.php?id=54309

Parliamentary Finance Committee: Amending The Import Control Authority Law Is A First Step Towards Achieving Sustainable Development

Money and Business   Economy News – Baghdad  Parliamentary Finance Committee Chairman Atwan Al-Atwani affirmed on Thursday that amending the General Authority for Import Control Law is a first step towards achieving sustainable development.

The media office of the Chairman of the Finance Committee stated in a statement, seen by Al-Eqtisad News, that "Al-Atwani received a delegation from the International Partners Foundation to discuss ways to enhance joint cooperation and exchange of expertise."

It noted that "the meeting discussed the financial situation in the country and the role of the committee in following up on the implementation of budget items, monitoring spending and evaluating performance. The priorities of the Finance Committee at the present time were also reviewed, foremost among which is the file of maximizing non-oil revenues."

Al-Atwani said, according to the statement: "We are currently working on preparing an amendment to the law of the General Authority for the Control of Federal Imports, with the aim of submitting it for a second reading as soon as possible, as it aims to maximize non-oil revenues.

He added, "The Finance Committee is finalizing plans to hold an expanded workshop in cooperation with the International Partners Foundation, with the participation of all relevant government agencies, to exchange views and consolidate important observations regarding this law. This will contribute to establishing clear mechanisms for its implementation, enabling the Authority to develop realistic estimates of state revenues."

Al-Atwani pointed out that "the approval of the amendment to the law of this authority and the development of a realistic plan for its implementation is the culmination of the efforts of the Finance Committee and a major national achievement during this parliamentary session, as it represents the first step towards achieving sustainable development by diversifying sources of income and moving away from the philosophy of a rentier economy that is entirely dependent on oil." https://economy-news.net/content.php?id=54311

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 4-10-25

Good Afternoon Dinar Recaps,

PRESIDENT TRUMP USHERING IN CRYPTO ‘GOLDEN AGE,’ WHITE HOUSE OFFICIAL SAYS

The return of US President Donald Trump has come with some concern, but according to one White House official, his administration is set to usher in a new crypto ‘golden age.’ Indeed, Trump’s executive director of digital assets, Bo Hines, recently discussed the impact that his presence will have on cryptocurrency development in the country.

In a post to X (formerly Twitter), Hines called Trump the “true crypto President.” He noted that his stance on the emerging asset class will propel growth. Moreover, he said this effort will help crypto companies that “were victims of a weaponized justice system under the Biden regulatory regime.”

White House Official Says Trump Administration Will Bring New Golden Age for Crypto in US

It has certainly been a volatile start to US President Donald Trump’s second term thus far. Just three months into the year, the returning administration has sought to balance trade with the presence of new Liberation Day tariffs. Subsequently, the move greatly affected the US stock market, with a monumental crash and recession fears abounding the economic outlook.

However, the administration is still hopeful that the short-term struggle will benefit the country in the long term. Moreover, it is optimistic about one key industry that could surge over the next four years. Indeed, US President Trump is poised to usher in a crypto ‘golden age,’ according to White House official Bo Hines.

Speaking to Fox News, the top cryptocurrency policy official for the administration discussed the industry’s potential. “The president has made this a priority, and it is a testament to his leadership and his knowledge of the space,” Hines said.

“Unlike any president before him, he has truly embraced this technological development in a way that no one else has, which has allowed us to do what we need to do to make the United States the crypto capital of the world,” he added.

Hines also notes that the administration is “clearing the deck” of Biden-era policies. Indeed, the previous president had a well-established opposition to the industry. Yet, things have already changed drastically in the early months of Trump’s return. Things should continue, with Standard Chartered saying Bitcoin has $500,000 upside under Trump.

@ Newshounds News™

Source:  Watcher Guru

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ELIZABETH WARREN ACCUSES TRUMP OF MARKET MANIPULATION OVER TARIFF CHAOS

Senator Warren accuses Trump of market manipulation through erratic tariff decisions, alleging insider profit.

Trump's unpredictable tariffs, including a sudden hike on Chinese goods and a temporary pause, are causing market instability and economic uncertainty.

Congress is facing pressure to investigate Warren's claims and address the economic impact of Trump's tariff policies.

President Donald Trump’s 90-day tariff pause gave crypto markets a brief moment to breathe—but the calm didn’t last long. Behind the scenes, political tensions are heating up fast. U.S. Senator Elizabeth Warren is now going after Trump with serious accusations, claiming his unpredictable tariff moves may have been more than just bad policy. She says they might have been a calculated play to benefit his wealthy allies.

Could these sudden shifts in trade policy be more than meets the eye? The story gets deeper—and more explosive—the further you look.

Is Trump Playing the Market?

Warren is urging an independent investigation to find out whether Trump’s sudden tariff changes were meant to benefit his wealthy Wall Street allies. She argues that his actions go beyond bad economic planning and could point to deeper issues. Calling the pattern “corruption,” Warren claims that insiders close to Trump may have made profits by taking advantage of market chaos.

One of Warren’s main concerns is the sharp increase in tariffs on Chinese goods—from 105% to 125%—which caught markets off guard. Around the same time, Trump announced a 90-day pause on tariffs for other countries. This brief relief calmed the markets temporarily, but Warren believes the timing may have been deliberate—giving insiders a chance to “buy the dip” before prices bounced back.

Economic Warning Signs Are Flashing

Warren didn’t stop there. She blamed Trump’s constant changes in trade policy for hurting the U.S. economy, saying the “flip-flopping” has shaken investor confidence. With factory output slowing and job openings (JOLTS data) showing weakness, fears of a possible recession and rising inflation are growing.

From the Senate floor, Warren called on Congress—especially Republicans—to take action and put an end to what she calls “Trump’s tariff chaos.” She warned that this unpredictable approach to trade could cause even more damage to the economy if left unchecked.

More Lawmakers Join In

Representative Steven Horsford also criticized Trump’s sudden tariff reversal, saying it might be an example of market manipulation. He questioned who benefited from the move, hinting that billionaires may have taken advantage of the situation. His comments reflect growing concern in Congress that Trump’s trade policies are helping a select few while creating volatility.

Other lawmakers have also raised red flags, worried that Trump’s unpredictable trade strategy could harm the U.S. economy in the long run.

Former National Security Advisor John Bolton also voiced his disapproval. He said Trump’s tariff approach is flawed, and instead of working with allies to hold China accountable for intellectual property theft, Trump has picked fights with major trading partners.

As political and economic tensions rise, attention is now on Congress. Will lawmakers launch a formal investigation into Warren’s claims of market manipulation? For now, the pressure is building—and the markets are watching closely.

@ Newshounds News™
Source:  Coinpedia

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Iraq Economic News and Points to Ponder Late Wednesday Evening 4-9-25

Workshop With An American Economic Delegation.. Abu Raghif: The Next Phase Will Witness Qualitative Opportunities In The Fields Of Communications And Digital Transformation

Wednesday, April 9, 2025, | Economic Number of reads: 102  Baghdad / NINA / The capital, Baghdad, hosted, on Wednesday, an expanded workshop organized by the US-Iraq Business Council, in cooperation with the American Chamber of Commerce, with the attendance of a high-level economic delegation that included 101 figures representing about 60 American companies operating in the energy, technology and health sectors.

During the opening of the workshop, Chairman of the Communications and Media Commission, Nawfal Abu Raghif, affirmed Iraq's commitment to protecting freedom of expression and opinion, and promoting a transparent competitive environment that guarantees the quality of services and keeps pace with international standards.

He added: "The commission is working to adopt advanced oversight mechanisms to regulate the market in accordance with the applicable law and approved media regulations," noting the need to achieve a balance between freedom of expression, content regulation and intellectual property protection, while adhering to media pluralism in accordance with the constitution and the law.

He also touched on the commission's openness to experienced international companies, especially American companies, which have a proven track record in the field of economic development and the transfer of modern technology, indicating: "The next phase will witness qualitative opportunities in the fields of communications and digital transformation."

The Chairman of the Commission responded to inquiries and interventions from representatives of American companies, which focused on work mechanisms, regulatory legislation, and facilitating procedures, in addition to prospects for future partnerships, stressing the Commission's welcome of all initiatives that contribute to supporting the business environment and technical development in Iraq./End 5  https://ninanews.com/Website/News/Details?key=1196702

Al-Sudani Sponsors The Signing Ceremony Of Memoranda Of Understanding Between The Iraqi And American Chambers Of Commerce.

Political | 09/04/2025  Mawazine News – Baghdad  Prime Minister Mohammed Shia Al-Sudani sponsored, on Wednesday, the signing ceremony of a memorandum of understanding, within the framework of cooperation principles with GE Vernova, which includes projects for combined cycle gas power plants with a capacity of approximately 24,000 megawatts, in a plan that is the largest and most modern in the history of Iraq, with the possibility of securing external financing from international banks.

A statement from the media office received by Mawazine News stated that Al-Sudani sponsored the signing ceremony of a second memorandum in the electricity file, which also included cooperation principles, between the Ministry of Electricity and the UGT Renewable Group to establish an integrated solar energy project with a capacity of (3,000) megawatts, battery energy storage systems of up to 500 megawatts/hour, modernizing electricity transmission and distribution lines, and establishing up to (1,000 km) of new infrastructure for high-voltage direct current transmission,

 in addition to a two-year period for technology transfer, training, operation and maintenance, with funding from the US Export-Import Bank, the British Export Agency, and JP Morgan as the arranging bank.

The Prime Minister sponsored the signing ceremony of a third memorandum of understanding between the Federation of Iraqi Chambers of Commerce and the American Chamber of Commerce, as part of efforts to strengthen bilateral economic cooperation.

The memorandum includes nine articles aimed at expanding communication between institutions, companies, organizations, and businesspeople in Iraq and the United States, strengthening existing economic, cooperative, scientific, and technological relations, and developing cooperation between small and medium-sized enterprises in both countries. https://www.mawazin.net/Details.aspx?jimare=260678

Saleh: Cooperation Between Fiscal And Monetary Policies Ensures Sustainable Economic Stability

Economy | 09/04/2025  Mawazine News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, explained on Wednesday the mechanism for bridging and financing the budget deficit. He pointed out that the state's general budget is based on an oil price of $70 to counter market fluctuations, stressing that cooperation between fiscal and monetary policies ensures sustainable economic stability.

Saleh said, "Since the federal general budget was enacted under Law No. 13 of 2023, as amended (the three-year budget for 2023, 2024, 2025), it has been based on conservative oil prices to counter oil market fluctuations. This includes adopting a price of $70 per barrel of crude oil, an export capacity of 3.4 million barrels of oil per day, and an annual spending ceiling of nearly 200 trillion dinars, with a planned deficit of approximately 64 trillion dinars."

He explained that "the planned deficit, if realized, turns into an actual deficit that is financed (according to the degree of deficit) from domestic sources and a small number of committed external sources, based on actual need, especially in financing development projects."

He added, "Internal sources of deficit financing are loans provided by the government banking system, often to finance the general budget when a deficit occurs, as a bridge loan. With the exception of the first quarter of fiscal year 2025, nothing has occurred that requires significant borrowing, except for less than 6% of the total planned annual balance to date."

He pointed out that "there is close and precise cooperation between fiscal and monetary policies, and they are proceeding closely together to build sustainable financial stability in our country to confront any shock of a sudden drop in global oil prices and its repercussions on financing the state's general budget."

He continued, "This is in order to maintain spending related to securing salaries, wages, pensions, social welfare, the basic services program, and support for farmers, all of which are constants in spending in fiscal year 2025, while proceeding with basic service projects (education, health, sewage networks, electricity, water, and roads)."  https://www.mawazin.net/Details.aspx?jimare=260682

Al-Sudani To The American Chamber Of Commerce Delegation: Iraq's Trade Balance Does Not Suffer From A Deficit

Economy |  09/04/2025  Mawazine News – Baghdad  Prime Minister Mohammed Shia al-Sudani confirmed on Tuesday that Iraq's trade balance does not suffer from a deficit.

A statement from his office received by Mawazine News stated that "Prime Minister Mohammed Shia al-Sudani received today, Wednesday, a large economic delegation from the American Chamber of Commerce, and a number of American company presidents and investors, in the presence of the Chargé d'Affaires at the US Embassy in Iraq."

Al-Sudani reviewed, according to the statement, "the facilities and measures taken by the government to enable businessmen and companies to enter the Iraqi market, which now has many promising opportunities," indicating that "Iraq provides a wide and diverse market for various products, goods and services."

Al-Sudani stressed that "the Iraqi people have accomplished a lot in confronting terrorism and laying the foundations for its development renaissance," noting "the importance of bilateral relations with the United States and their sustainability, especially since Iraq today is a distinguished democratic model in the region."

He said: "Due to the war of the 1980s, the siege of the 1990s and the war on terrorism throughout the past two decades, development in Iraq has been delayed in all sectors," noting that "Iraq is a virgin land for investment opportunities in all sectors."

He stressed that "Iraq is an industrial and agricultural country, and represents the shortest corridor between global trade from the East and the West, which passes through Turkey to Europe." He explained that "the development road project will be the shortest economic corridor linking Asia to Europe, and the least expensive for transporting goods."

He noted that "Iraq possesses minerals that have not yet been exploited, and it is the world's largest country in sulfur reserves, and the second largest in phosphate."

He continued, "Iraq produces 4 million barrels of oil per day, but the associated gas is flared, and at the same time we import gas to operate power plants."

He continued, "Our government has developed a vision for projects, and contracts with international companies have begun to be implemented, and gas flaring will stop by early 2028." He explained that "Iraq is among the top ten countries in the world in terms of natural gas reserves."

He continued, "There are those who paint a negative picture of the situation in Iraq, which is unfair and inaccurate."

He added, "Iraq has witnessed the entry of numerous investment companies to implement projects in the fields of energy, housing, industry, and agriculture, and the value of investment licenses has reached $88 billion."

Al-Sudani concluded: "We have granted sovereign guarantees to the private sector to implement projects in various fields."  https://www.mawazin.net/Details.aspx?jimare=260679

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 4-10-25

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JUST IN: SENATE CONFIRMS PAUL ATKINS AS SEC CHAIR, NEW ERA FOR CRYPTO?

In a 52-44 vote, the U.S. Senate has confirmed Paul Atkins as the next Chair of the Securities and Exchange Commission (SEC). The confirmation now heads to the White House, where President Donald Trump is expected to formally sign off on the appointment. Once that process is complete, Atkins will be officially sworn in. According Fox Business’ Eleanor Terrett, the timing for these next steps remains unclear.

Who Is Paul Atkins?

Paul Atkins is a seasoned financial regulator and former SEC commissioner who served under President George W. Bush. Known for his market-oriented approach, Atkins is respected across party lines and has also held senior roles under Democratic leadership, including under former SEC Chair Arthur Levitt. His nomination hints at a significant shift in regulatory direction under the Trump administration.

Atkins will replace outgoing Chair Gary Gensler, whose tenure was marked by a high-profile and often controversial crackdown on the crypto industry. Gensler faced both praise and criticism for an aggressive enforcement-first approach, especially in applying securities laws to digital assets.

A Turning Point for Crypto Policy?

Under the Biden administration, critics argued that the SEC’s enforcement-heavy stance stifled innovation and failed to offer a clear regulatory path forward. With Atkins at the helm, expectations are high that the SEC may pivot toward a more constructive, guidance-driven regulatory environment.

While details about Atkins’ policy plans remain to be seen, early signals suggest a shift toward fostering innovation while still enforcing accountability. Many in the industry are hopeful that the incoming SEC leadership will work toward creating a consistent, federally backed framework that balances growth and oversight.

@ Newshounds News™
Source:  Coinpedia

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TREASURY EYES REGULATORY RESET TO IGNITE BLOCKCHAIN AND PAYMENTS

Regulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assets, igniting America’s fintech dominance worldwide.

Regulatory Barriers on the Brink as Treasury Sparks Blockchain Shift

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers that he said have slowed innovation in blockchain, stablecoins, and modern payment technologies. His address emphasized aligning financial oversight with national interests while refocusing on economic growth. Bessent stated:

We will take a close look at regulatory impediments to blockchain, stablecoins, and new payment systems. And we will consider reforms to unleash awesome power of the American capital market.

“Americans deserve a financial services industry that works for all Americans, including and especially Main Street. Under President Trump’s leadership the Treasury Department and I will deliver that to you,”  Bessent added.

Bessent criticized current regulatory approaches as outdated and skewed toward global frameworks, particularly the Basel Committee’s capital standards, which he claimed are “not in my opinion the right starting point for a modernization effort.” 

He called for a U.S.-first model built from “the ground up,” emphasizing that decisions impacting domestic financial innovation should not be shaped by international bodies lacking transparency. 

His remarks suggested that this shift could help level the playing field between banks and nonbank financial innovators, a move that would give rise to broader adoption of technologies like digital assets and tokenized payment networks.

In line with that vision, Bessent confirmed that the Treasury would also review capital rules that currently disincentivize investment in innovation. He further pledged to modernize anti-money laundering and compliance rules to allow financial institutions to focus on “national security priorities and high-risk areas,” giving them leeway to deprioritize lower-risk activities.

While pushing for reform, Bessent framed the administration’s approach as supportive of small-town lenders and consumers:

Americans deserve a financial services industry that works for all Americans.

His remarks position the Treasury to potentially spearhead new regulatory frameworks aimed at fostering both financial safety and cutting-edge innovation.

President Donald Trump has strengthened his pro-cryptocurrency position by ordering the creation of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, using roughly 200,000 BTC seized in legal cases to support national economic interests.

At the same time, the U.S. Department of Justice (DOJ) disbanded its National Cryptocurrency Enforcement Team, indicating a shift from enforcement to industry support. The moves reflect the administration’s aim to make the U.S. a global crypto leader.

@ Newshounds News™
Source:  Bitcoin News

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Iraq Economic News and Points to Ponder Wednesday Afternoon 4-9-25

Economist: The Stability Of The Dollar Exchange Rate In Iraq Does Not Reflect A Real Decline

Time: 2025/04/09 16:00:56 Read: 1,410 times  {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed today, Wednesday, that the stability of the dollar exchange rate in Iraq is tending towards a decline, noting that these changes do not reflect a real decline in value.

Al-Anzi added to Al-Furat News Agency that "the dollar in Iraq will not be affected by any international changes at the present time, and that the main factor behind this fluctuation is the lack of interference by black market traders in manipulating the dollar price."

He explained that "supply and demand in the market have become equal, and that any decline in prices is temporary and does not reflect an actual decline in the value of the dollar." He emphasized that market balance depends primarily on central bank sales.  LINK

Preparations For The Arab Summit In Baghdad Are Complete, And Guterres Confirms Participation.
April 9, 2025

Baghdad - Qusay Munther  The Council of Ministers voted on the requirements for holding the Arab Summit in Baghdad next month and providing procedures for the legislative elections. A statement received by Al-Zaman yesterday said, "The Council of Ministers, headed by Mohammed Shia Al-Sudani, voted on the requirements for holding the Arab Summit, which will be hosted by Baghdad next month, and on the requirements for holding the legislative elections. It also approved the recommendations of the technical committee for the map of Iraqi maritime fields."

The statement noted that "the Council approved proceeding with a rapid plan to invest in the Akkas gas field through national efforts by the Middle Oil Company, with the American company Schlumberger implementing the first phase, so that the field will produce 100 million standard cubic feet of gas per day within a year."

 It continued, "The Council voted to authorize the Undersecretary of the Ministry of Foreign Affairs for Bilateral Affairs to negotiate and sign a draft memorandum of understanding on mutual visa exemption for holders of diplomatic, service and special passports between the Ministries of Foreign Affairs of Iraq and Mauritania, provided that signing the memorandum does not entail a request for any additional financial allocations for the ministry.

It also stated that any amendment, annex or agreement resulting from the aforementioned memorandum shall be presented to the General Secretariat of the Council of Ministers for an opinion before signing it." In a related development, Iraq's representative to the United Nations in New York, Abbas Kazim Obaid, confirmed that UN Secretary-General António Guterres has accepted Iraq's official invitation to participate in the upcoming Arab Summit.

A statement received by Al-Zaman yesterday said that “Obeid met Guterres at the organization’s headquarters and presented the official letter addressed by the President of the Republic, Abdul Latif Jamal Rashid, to the Secretary-General, which includes his invitation to attend and participate in the upcoming Arab Summit scheduled to be held in Baghdad on May 17.”

Obeid conveyed “the greetings of the President of the Republic, the Prime Ministers, and the Minister of Foreign Affairs to the Secretary-General,” stressing “their keenness on his attendance, as his participation adds value to the summit’s discussions.”

The statement noted that “the most prominent issues on the United Nations agenda were discussed in light of regional and international geopolitical changes, in addition to the priorities and concerns of the Group of 77 and China, currently chaired by Iraq, especially in the areas of development financing, climate change, and sustainable development.”

Obeid stressed “the group’s keenness to strengthen the partnership with the United Nations and its specialized agencies, to achieve common goals in accordance with the principle of collective responsibility.”

He pointed out that “the meeting addressed prospects for cooperation between Iraq and the United Nations in the post-conflict phase of the United Nations Assistance Mission for Iraq (UNAMI), appreciating the efforts made by the mission over the past two decades.”

He went on to say, “The measures and the facilities provided by the relevant Iraqi government institutions to responsibly end the mission’s tasks by the end of this year).

For his part, Guterres expressed his appreciation for the invitation to attend the Arab Summit in Baghdad, affirming his participation in its work. He pointed out that the end of the UNAMI mission’s tasks is an indicator of the great progress and successes achieved by Iraq in various fields. The Council held a session on Tuesday in which it took a series of decisions (details p. 2).

Meanwhile, the Independent High Electoral Commission confirmed its readiness to hold the elections on the scheduled date. Commission spokeswoman Jumana al-Ghalay said in a statement received by Al-Zaman yesterday that “the Independent High Electoral Commission is ready to hold the elections on the scheduled date.”

A source in the Coordination Framework revealed the details of the meeting held last Monday between the coalition’s leaders, which discussed the upcoming parliamentary elections and political alliances.

The source said yesterday that “the meeting of the framework forces lasted for hours and focused on holding the elections on the scheduled date, but the State of Law Coalition, headed by Nouri al-Maliki, stuck to its demand to change the election law, and the framework forces were divided between supporters and opponents.” LINK

Private Banks Continue To Monopolize Foreign Remittances, Without Providing Any Tangible Banking Services!

Buratha News Agency1392025-04-09  Many economic experts believe that foreign and local banks with foreign management, such as the Jordanian-run National Bank of Iraq, monopolize bank transfers in Iraq and deprive local banks of these services, without providing any tangible banking services to Iraqis. The Iraqi banking system is collapsing because most Iraqi banks are subject to US sanctions.

This has prompted foreign and local banks with foreign management to monopolize bank transfers in Iraq and deprive local banks of these services, without providing any tangible banking services.

This was done with the approval of the Central Bank of Iraq, despite the fact that these banks, including the Jordan National Bank, lacked any competitive advantage. However, they were guaranteed by the Americans and had accounts opened for them at Citibank and JPMorgan Chase in the United States, solely because they were owned by foreign investors affiliated with banks in Jordan and the Gulf.

While the National Bank and other similar banks do not operate on the principle of providing distinguished banking services to Iraqis, they operate under the guarantee of foreign banks in their countries.

At the same time, these banks generate astronomical profits of up to 300 billion dinars annually, and profits could reach billions if sales are combined with side commissions.

As a result, many see a need to amend the Central Bank's policies, support the Iraqi banking system, strengthen its standards, and enhance its ability to process remittances and engage in banking operations.

In numbers, and compared to other countries in the region, it does not give more than 14 percent to foreign banks, while Iraq provides 100 percent to these banks. Contrary to the Companies Law, which sets the interest rate at 49 percent, the Central Bank relied on Article 107 of the Banking Law, which allowed the Central Bank's Board of Directors to give a percentage without specifying more or less. https://burathanews.com/arabic/economic/458627

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The Foreign Minister Stresses The Importance Of Strengthening Iraqi-American Economic Cooperation.

Foreign Minister Fuad Hussein. "Internet"  Money and Business  Economy News - Baghdad
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein stressed on Wednesday the importance of strengthening economic cooperation between Iraq and the United States.

He noted that Iraqi diplomatic missions abroad are making every effort to support investors and provide the necessary facilities to overcome the challenges they face.

The Ministry of Foreign Affairs said in a statement, seen by Al-Eqtisad News, that "Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, participated in the interactive dialogue session held by the Iraq-US Business Council in the capital, Baghdad."

According to the statement, the Foreign Minister pointed to "the strength of trade relations between Iraq and the United States of America," stressing "the importance of strengthening economic cooperation between the two sides.

" Hussein stressed "the pivotal role played by the Iraq-US Business Council, as well as the institutional relationship with the American Chamber of Commerce."

The statement added that "the Foreign Minister highlighted the most prominent challenges facing the development of trade relations between the two countries, particularly with regard to the infrastructure for investment development in Iraq."

It continued, "The Minister listened to the interventions of the attendees on the most prominent challenges facing investors, especially Americans, and stressed the importance of joint cooperation to overcome obstacles."

The Minister indicated that "one effective way in this framework is to benefit from the efforts of Iraqi diplomatic missions abroad, which are making efforts to support and assist investors and provide the necessary facilities to overcome the challenges that hinder their work." https://economy-news.net/content.php?id=54288

Dollar In Iraq: 148,500 Dinars Per Note

economy | 09/04/2025  Mawazine News – Baghdad  The US dollar exchange rate witnessed a slight decline in the currency markets in the capital, Baghdad.

The dollar price decreased on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 147,650 dinars for every $100, compared to yesterday's price of 147,800 dinars on Tuesday.

Exchange rates at money exchange shops in the local markets in Baghdad also witnessed a decline, with the selling price reaching 148,500 dinars for every $100, while the buying price reached 146,500 dinars.

https://www.mawazin.net/Details.aspx?jimare=260671

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-9-25

Good evening Dinar Recaps,

CHINA MOVES TO WIN TRADE WAR AS TRUMP ESCALATES, EXPERT WARNS

▪️China is throwing down the economic gauntlet as Trump’s 104% tariffs take effect, signaling a long-game trade war strategy fueled by yuan devaluation and relentless countermeasures.

▪️Trump Escalates, but China’s Playing for the Win—Expert Sees Warpath Ahead

China is sharpening its stance in the economic clash with the United States, issuing what financial leader Nigel Green has characterized as a deliberate and forceful message. On April 8, the CEO and founder of international financial advisory firm Devere Group warned that recent policy signals from Beijing point to a government readying itself for a long-term trade war.

Central to that message is China’s move to let the yuan depreciate, which Green described as a calculated maneuver. He stressed:

The weakening yuan is not simply market mechanics at work; it is Beijing putting Washington on notice that far more forceful actions are in reserve if escalation continues.

Facing heightened U.S.-China trade tensions, Beijing allowed the yuan’s reference rate to cross the symbolic 7.20 mark per dollar for the first time since September 2023, signaling a shift in foreign exchange policy.

The People’s Bank of China set the fixing at 7.2038 on April 8, leading to the onshore yuan’s decline, despite improving investor sentiment. Analysts interpret this as a move toward managed depreciation to support exports amid economic strain, though sharp devaluation remains risky due to capital flight and trade negotiation setbacks.

President Donald Trump escalated pressure with threats of 50% tariffs, prompting China to vow retaliation and impose rare earth controls. 

According to the White House press secretary, an additional 104% in tariffs took effect at noon Eastern time on April 8 due to China’s failure to lift its retaliatory measures. 

Green dismissed the idea that Beijing would fold under mounting pressure from Trump’s administration. Instead, he emphasized the Chinese government’s strategy of resilience and counter-planning.

“This is now a battle of endurance. Trump is ratcheting up the pressure, believing he can force concessions through intimidation.” He contrasted this with Beijing’s approach:

Beijing, however, is determined to show that it will not be cowed. Rather than rolling over, China is fortifying itself — insulating key industries, diversifying its supply chains, and preparing policy weapons for a prolonged standoff.

Behind the scenes, both governments are proceeding cautiously, but Green observed increasing confidence from China. He said the timing and nature of the yuan’s decline reflect Beijing’s serious stance, describing it as a calculated move rather than a short-term devaluation.

Green characterized it as a clear signal to the White House that further escalation will carry consequences. He added that the financial sector is already adapting, with China signaling its readiness to use significant economic tools if tensions continue.

“Trump’s White House should not mistake restraint for weakness. Beijing is showing strategic patience, but there’s real steel underneath. If Washington continues to escalate, China’s response will not be meek — it will be methodical, far-reaching, and designed to maximize impact where it hurts the most,” Green opined.

 He added that global markets are entering a phase where tactical actions, such as a weakening yuan, are not solely financial signals but part of broader geopolitical strategy.

The Devere executive advised investors to prepare for a long-term shift, emphasizing that China is planning for sustained change. He said structural changes in global trade could define the next decade. Green concluded with a stark forecast:

Beijing is setting the terms of engagement. Washington can choose to escalate, but it will not do so without facing increasingly sophisticated countermeasures. China is no longer trying to avoid a trade war at all costs — it is preparing to win one if forced into it

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

CHINA AND RUSSIA BEGIN SETTLING TRADE TRANSACTIONS USING BITCOIN

According to a VanEck report, China and Russia have begun settling some trade transactions using Bitcoin. VanEck’s Head of Digital Assets Research, Matthew Sigel, reports that the two BRICS nations have already begun settling some energy transactions in Bitcoin and other digital assets. This comes as the Trump administration’s tariff policy has reignited global trade tensions.

China and Russia have already worked on trade deals with one another without the US dollar. Now however, with economic concerns spreading worldwide, the two countries have attempted to ditch fiat altogether. 

Sigel also shared that Bolivia has announced plans to import electricity using crypto. French energy utility EDF is also exploring whether it can mine Bitcoin with surplus electricity currently exported to Germany. 

“These are early signs that Bitcoin is evolving from a speculative asset into a functional monetary tool—particularly in economies looking to bypass the dollar and reduce exposure to U.S.-led financial systems,” Sigel said.

Investing experts are looking to assets like cryptocurrency and precious metals in a time of economic instability. In recent months, the US dollar has fallen approximately 6.1% since the month of January.

Foreign holdings of US assets had previously reached around $62 trillion in 2024, but these flows are now actively reversing as investors look for and seek out alternatives in various markets. Thus, Gold and cryptocurrencies could become a worthy replacement for trade.

Another VanEck analyst, Imaru Casanova, feels that Gold could ultimately be a top asset in an economic recession. “Gold and gold stocks should ultimately benefit from the heightened level of risk across the global economy and global financial system,” she says.

 “The unpredictability of economic policies and heightened market volatility should boost gold’s appeal as the preferred safe-haven asset during times of global uncertainty.”

With one half of the new deal in Bitcoin, Russia, did not get tariffs imposed on it by the US, the other half, China, did. As a result, the latter has ordered all state-run banks in the country to reduce purchasing the US dollar in its reserves.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

Bruce’s Big Call Dinar Intel Tuesday Night 4-8-25

Bruce’s Big Call Dinar Intel Tuesday Night 4-8-25  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Tuesday, April 8th  and you're listening to the big call.  Thanks for tuning in, everybody all over the globe. Thank you big call universe for tuning in. Thank you satellite team getting the call out all over the globe to many, many, many, many, many people.

So let's talk about the Intel. Let's talk about where we are.

I'm pretty excited about what I heard today, especially later this afternoon, but let me go back a minute and see if I remembered saying stuff to you last Tuesday, a week ago, I was hearing that the tranches that were coming from HSBC to Wells Fargo. We had a bunch of them that we're trying to go through, they have trouble getting through

 I'm not quite sure what happened to allow them to go through, but I understand, and I can't remember exactly when, whether it was Wednesday or Saturday, whenever it was, there were 2500 tranches that came through, each of which was $50 billion dollars and these were from bond sales, okay?

And these came in at between midnight and 3am in the morning, I think was a few days ago that those came in. But those funds were there to be there for us, for our exchanges. So that's a nice piece of change to bring in what we need to get started.

Now, this other thing is interesting, the quantum financial system is running in parallel with the Swift system, which is primarily used for international wire transfers.  They haven't dropped it yet. It's still going. And so is the fintech system.

So you've got these three systems running parallel until the USN is announced and brought out. So we understand we have a new dollar, we have a new currency, a paper currency, the United States Treasury note. And we have all this under the Restored Republic.

That transition to the Restored Republic that we're in the process of making now will bring out the new USN, and it will invalidate the $37 trillion debt for this company. This country has amassed as a United States incorporated, the corporation is being dissolved, and we're going back to a restored Republic with a new currency. The USN is the digital nomenclature, and the USTN is the physical bills that we will handle, that we will have in our hand, in our wallets and money clips. Okay?

And that change is about to take place very quickly here very soon. It's hard to pin that down. When Is that going to happen? When are we going to get the US? When are we going to get this all part of NESARA and GESARA and we've it's hard thing to pin down. We can't  really tell exactly when it's going to be part of that, but I think it's not very far off to have NESARA  and GESARA kick in with some announcements.

Now I told you guys we expected Social Security increases this month. I don't know if we've had any yet. I don't think we had the first Wednesdays. I would have heard that the first Wednesdays got their increase in Social Security.

Don't give up on the month it could happen as a separate payment this month. Alright, about DOGE, the DOGE payments, I've heard there's a number, and it's in a well over 100 or $200 trillion dollars  available for DOGE It's crazy high. It's way high. And the DOGE payments are supposed to start in the third week, which would be next week of April and be done by ether, which, as you guys know, is April 20.

So yes, two days ago was Sunday. That's two weeks till Easter Sunday.

Okay, so we should have those DOGE payments which could substantial, really, before Easter anybody 60 have a bank account will be, well, let me, let me re qualify that  everybody that is in that retirement class, if you're 62 and older, will get a direct paid by direct deposit.

In other words, don't necessarily look for a paper US Treasury check in the mail you have a bank account, they know by your social security number and you should be getting your DOGE payment by direct deposit. And obviously, if you're on Social Security, you're getting that by direct deposit also.

So those should still be coming this month. And the increase in social we think, is also going to still be this month. We're just in the second week of April now,

RNR, I've said I don't know how many times for those of us exchanging and redeeming Zim at the redemption centers, the RNR – restitution and reconciliation  allowance will be there waiting for you to mention it to them, and it should put in your quantum accounts after your exchange funds and redemptions go in or quantum account.

Now I'm going to probably ask them when I go in, before I even pony up the currency for exchange, I'll ask them about the R and R, do you have the reconciliation, and reference and a redemption, reconciliation allowance. For me, is it in my quantum account? It should be able to pull it up by your social security number. All right, we'll see.

So we'll see how that flies. I've been told it's in the quantum account. It will be in the quantum account, whatever, and it I just want to know how much it’s going to be. It's going to be a good number. It's going to be a bigger number than we say it is. So that'll be great to see that too. It might be dwarfed by the zim. Let's face it, it will be, but it'll still be cool to have it all right.

So what else  -- on the redemption center screens, the rates are coming up.

I don't know if 17 or 18 currencies that are going way up in value are on the screen, but we did hear, of course, that we do have dinar and Dong and then, of course, on the screen, and we'll see the others have probably already populated or populating. Now, we did see a Dong rate just on Friday,so that's going in the right direction, and expected to be a little higher than that when we go in for exchanges.

Now, let's talk about clear where we are in the timing. Remember I told you guys, President Trump told

and Dr shabivi that he wanted to see this come through between the fifth and the ninth of April.  The 9th  is tomorrow.

That, in a way, is a self imposed deadline that I think we just might hit. Because what we're hearing from about five, four or five different sources, is the fact that we think, first of all, everything's done. I'm going to back up a second and say, We know that the farm claims  have been set up, and we believe have been paid.

The cmkx was was set up, meaning ready to pay out, ready to go, and I believe it may have also been paid in the last two days, and then we also have the fine penalties and maybe other adjudicated settlements already lined up.

And I think just like dominoes, and that first domino may have already fallen,  so I can’t  say absolutely that they laid out or they know they were about to be  to me two days ago.So we'll see where that takes us

Regarding our negotiations.  All right, we've got reserve leader that's going in. It has to be in at his desk at 945 in the morning tomorrow, the rest of the staff at the redemption center coming in at 11.

Maybe we've got our notifications coming out around mid morning or so, and then we've got exchanges probably would start on Thursday. So it looks very good from all sources, One source said tomorrow, meeting Wednesday, will be a boom, boom day, and that everything else will fall in after that.

Another source has said that the green light will come on, meaning the green lights pay out. Everything will start overnight tonight - I've heard 1am morning tomorrow, I heard over night, tonight,  and I believe that that is going to show up with us, for us as emails tomorrow.

Let's go like that, and then, obviously, we want to set our appointments and for our exchanges. It looks like Thursday will be the day to go in for our exchanges. They may use all of tomorrow just to set up for and that’s fine .

Let's see what else  -- it just  --- there is so much else going on.

Politically, the tariffs are working. You realize a lot of people don't understand the tariffs. I get the tariffs because I know the purpose. And I know that when by I'm seeing these tariffs on our trading partners as nations, 50 countries that want to get right down with President Trump and negotiate 39 of those 50 countries have to know tariffs.

 If you do, we will you go to zero tariff? Will go to zero tariffs? Then you have a free and fair trade agreement, which is really good. We want it to be fair. We want it to be free. And the other 11 nations, I'm sure, will negotiate and come up to an agreement with President Trump and team.

It's amazing that we've got a president that can stand up and do this, and install trade practices where we're not getting screwed by all these countries around the world, like we have ever since they started, and now we're going to be able to make it fair  and make it free for eventually the world. That's part of what just saw is all about, is leveling the playing field so that we could trade.nations around the globe.

This is all part of what GESARA is going to be.

It's really a good thing. It's a very good thing. Yeah, the stock Thursday and Friday the last week. Yeah, I know. But it's probably a short lived adjustment. The major judgment I get that, but if you're listening to me and you're in the currencies, it won't matter at all.

It's a blip on there. We are a bug on the windshields.

We're going to end up doing very, very well. As you guys know, banks do not have a contract rate only. Redemption centers. Banks are not going to be negotiating  Zim notes. Redemption centers are

You're going to be in very good shape on the dinar contract rate. I've told you where that is going to be already.  And obviously the Zim speaks for itself. It's on par with the US dollar, and it will be on par with the USN, our new dollar. So you don't have to worry about that at all this is the time to get ready,

Tomorrow could be a very interesting day, but we've, we've heard from our sources, the next two days are going to be very, very interesting. And I think we're looking to get notified tomorrow. Exchange starting Thursday. That seems to be where we are. Seems to be what's happening now, and in a way, presidential with Iraq, and by the way, tried to get an update from Iraq.

And guess what we found out from our Iraqi sources, and from our Iraqi Americans who've tried to contact our people in Iraq, our Iraqi Americans, they have been they have been blocked calling in last three days. So that's very interesting to me, Sunday, Monday, Tuesday, they've been blocked getting into and blocked calling our contacts in Iraq. Well, that's just to tell you something right there. Think everything that I wanted to say I brought out to you,

I think that we are about as ready as we can be from this end of it.  All right, I think that's what I'm going to say for tonight. So what I'd like to say now is, let's stay in prayer. Let's be in prayer for this reveal itself. Let's pray for number and  let's pray for changes started. It looks like Thursday right now, and the Masters government is Thursday morning in Augusta.

I'm very excited about that, very excited about this week agenda, like the message much better, guys. And

let's thank everybody. Thanks Sue for a wonderful teaching tonight and everything else that she's done for us over nine and three quarter years. Thank you, Bob for going on as well and Sue my two co hosts. Is really great and  also, thank you big call universe for listening and tuning in.

This being Tuesday night, everything goes like we hope tomorrow and Thursday, we might call on Thursday. So look, in the meantime, thank you,

everybody remember to sure you registered. If you do email or register on take all universe.com with your email at the bottom of page will be, will be able to be in touch with you by email or plan for others read them together, projects, and so on. So, make sure.  Thank you so much.

Bruce’s Big Call Dinar Intel Tuesday Night 4-8-25 REPLAY LINK   Intel Begins   1:09:39

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Bruce’s Big Call Dinar Intel Thursday Night 4-3-25 REPLAY LINK   Intel begins   59:59

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Bruce’s Big Call Dinar Intel Tuesday Night 4-1-25 REPLAY LINK   Intel Begins   1:09:09

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Bruce’s Big Call Dinar Intel Thursday Night 3-27-25 REPLAY LINK   Intel begins   1:05:20

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Bruce’s Big Call Dinar Intel Thursday Night 3-20-25 REPLAY LINK   Intel begins   1:18:00

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 4-9-25

Good Afternoon Dinar Recaps,

DRAMATIC SELL-OFF OF US GOVERNMENT BONDS AS TARIFF WAR PANIC DEEPENS

US government bonds, traditionally seen as one of the world’s safest financial assets, are suffering a dramatic sell-off as Donald Trump’s escalation of his tariff war with China sends panic through all sectors of the financial markets.

The falls suggest that as Trump’s fresh wave of tariffs on dozens of economies came into force, including 104% levies against Chinese goods, investors are beginning to lose confidence in the US as a cornerstone of the global economy.

UK bonds also came under pressure from investors, who sent the cost of financing government borrowing to its highest level since 1998, heaping further pain on Rachel Reeves as the chancellor struggles to prevent her budget plans from being wrecked by a panic on global markets.

The yield – or interest rate – on the benchmark 10-year US Treasury bond rose to 4.516% on Wednesday before slipping back to 4.451%, up 0.14 percentage points on the day. This week it has undergone the three biggest intraday moves since Trump was elected in November. Yields move inversely to prices, so surging yields mean falling prices as demand drops.

The move in the 30-year bond was more dramatic. The yield briefly jumped above 5% to its highest since late 2023 and was last trading at 4.899%, or 0.12 percentage points higher than Tuesday.

Both yields came down from their highest levels, however, after a much-anticipated $39bn (£31bn) US bond auction later in the day met market expectations.

“This is a fire sale of Treasuries,” said Calvin Yeoh, a portfolio manager at the hedge fund Blue Edge Advisors. “I haven’t seen moves or volatility of this size since the chaos of the pandemic in 2020,” he told Bloomberg.

Analysts believe the US Federal Reserve may need to step in. Jim Reid, at Deutsche Bank, said: “Markets are pricing a growing probability of an emergency [interest rate] cut, just as we saw during the Covid turmoil and the height of the GFC [global financial crisis] in 2008.”

UK bonds came under severe pressure after the US moves. The yield on a 30-year UK gilt hit 5.65%, surpassing a previous 27-year high of 5.472% set in January.

Shorter-dated 10-year gilt yields were slightly higher at 4.78%, while two-year yields ticked down to 4%.

Higher yields on gilts – UK government bonds – will make things even more difficult for Downing Street, as it will raise the cost of borrowing to fund investment.

China’s intransigence in the face of escalating US tariffs appeared to indicate that the world’s two largest economies were heading for a showdown, with an outcome that analysts said was difficult to predict.

“When challenged, we will never back down,” said China’s foreign ministry spokesperson, Lin Jian. The commerce ministry said: “China will fight to the end if the US side is bent on going down the wrong path.” Beijing has promised further countermeasures.

It was not clear whether China, which is one of the world’s largest holders of Treasuries, included among its policy changes the sale of those bonds, accelerating the sell-off and the US administration’s financial pain.

Global stock markets suffered another tumultuous day as the tariffs took effect.

Japan’s Nikkei benchmark index fell almost 4%, while Taiwan’s benchmark stock index was 5.8% lower. Hong Kong’s Hang Seng index recouped some earlier falls to close 0.4% down, and South Korea’s Kospi 200 index dropped by 1.8%.

However, China’s stock markets rose, appearing to weather the storm after government interventions. The SSE composite index in Shanghai ended the day 1.1% higher, while the Shenzhen SE composite rose 2.2%.

In Europe, the major markets also fell back. In London, the FTSE 100 dropped by 3% on Wednesday, immediately undoing the gains on Tuesday. Germany’s Dax index dropped by about 2.3%, leading to a 16% drop since 18 March, while France’s Cac 40 fell by 3.3%. Spain’s Ibex index was down by 2.2%.

@ Newshounds News™
Source:  MSN

~~~~~~~~~

TRUMP'S 90-DAY TARIFF PAUSE SENDS BITCOIN BACK TO $81,000

▪️President Donald Trump has paused tariffs for 90 days and lowered reciprocal duties to 10% for most countries.

▪️Markets immediately bounced on the news — bitcoin reclaimed $81,000 while equities trotted higher.
▪️Analysts had said Wednesday’s FOMC minutes may spur a “dead cat bounce” and herald a potential multi-week recovery.

The tit-for-tat trade escalation between China and the United States once again reverberated throughout global financial markets and cryptocurrencies on Wednesday — but prices surged this time.

Bitcoin jumped 5% in minutes to trade above $81,000 as President Trump responded to China's escalation by increasing tariffs on the Asian giant to 125%. The largest cryptocurrency by market cap had dropped below the $80,000 mark following the implementation of the president's tariff plans on Sunday, April 6.

In the same beat, Trump announced a 90-day pause for import duties on other countries and reduced reciprocal tariffs to 10% in the interim. "Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump wrote on Truth Social, a social media platform he owns.

"I have authorized a 90-day PAUSE and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," the President added, noting that over 75 countries had engaged the U.S. in commerce negotiations.

Crypto markets and equities immediately skyrocketed following the news. Ether flew 7% to hit $1,580, according to The Block's price page. Major altcoins like Solana and XRP posted double-digit bounces as the total cryptocurrency market flipped green, rising above $2.6 trillion. The GMCI 30 recorded an 8% uptick as the top 30 digital currencies by market cap soared, according to The Block’s data page. Data from Yahoo Finance showed similar price action in U.S. markets. The S&P 500, DOW Jones, Nasdaq, and Russell 2000 all rose more than 5% shortly after President Trump's post.

Dr Kirill Kretov, senior automation expert at CoinPanel, told The Block that bitcoin and crypto’s amped volatility was unsurprising, considering sudden price swings in more established markets. "Even traditional markets are behaving like memecoins," Kretov said. "Just look at the recent S&P 500 spike of +8% on fake news, followed by a -3.5% correction within minutes. If that’s the new normal for tradfi, why would we expect bitcoin to behave differently? Especially with how thin and easily moved the crypto market is right now."

Relief from macro data

Minutes from the March Federal Open Market Committee meeting to be released Wednesday afternoon may spark a market recovery, Darren Chu, contributing analyst at BRN, had said before Trump's latest jab at China. Also, Thursday’s Consumer Price Index and Friday’s Produce Price Index data could offer a clearer picture of U.S. inflation, which are key factors for the Federal Reserve’s future decisions on monetary policy.

"Odds are moderate and rising for a multi-day to multi-week Dead Cat Bounce to begin as early as today 2 pm EST with the release of the US FOMC meeting minutes, or by Thursday with the US CPI and unemployment claims, or Friday with the US PPI and preliminary UoM consumer sentiment and inflation expectations," Chu said.

U.S. Federal Reserve Chairman Jerome Powell previously said the central bank would respond to hard data rather than sentiment and was in no rush to pivot its policy stance. Powell also cautioned President Trump’s tariff maneuvers, warning that economic repercussions like higher inflation and cooling growth rates might arise.

@ Newshounds News™
Source:  The Block

Minutes from the March Federal Open Market Committee meeting LINK

~~~~~~~~~

Stock Market surges with the announcement of a 90-day pause on tariffs.

@ Newshounds News™
Source - Google

~~~~~~~~~

Crypto market surges on Trump tariff pause

XRP jumped from $1.87 at 1:15 pm to $2.08 at 1:35 pm ET with the announcement of the 90 day pause on tariffs.

@ Newshounds News™
Source:  Coinbase

~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Wednesday AM 4-9-25

Al-Alaq: Digital Currencies Will Contribute To Reshaping The Traditional Banking System.

Time: 2025/04/07 13:22:22 Read: 1,740 times  {Economic: Al Furat News} Central Bank Governor Ali Al-Alaq confirmed on Monday that  digital currencies will contribute to reshaping the traditional banking system.   In a speech at the Iraqi Banking Sector Reform Conference, Al-Alaq said,
 
"The Central Bank aims to achieve a developed economy," stressing that "investment in research and development in the field of artificial intelligence must be increased." He added that "digital currencies could reshape the traditional banking system," noting that "the Central Bank has announced its readiness to implement a plan to reform the banking sector."       https://alforatnews.iq/news/العلاق-العملات-الرقمية-ستسهم-في-إعادة-تشكيل-النظام-المصرفي-التقليدي  

Digital Currencies To Reshape Iraq’s Banking Sector 

Iraq  Amr Salem  April 8, 2025  283  2 min  The Central Bank of Iraq. Photo: INA  Baghdad (IraqiNews.com) – The governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, said on Monday that digital currencies will help transform Iraq’s conventional banking system.
 
Al-Alaq clarified during the Conference on Reforming the Iraqi Banking Sector that the
 
CBI wants to establish an advanced economy and emphasized the need for more funding for artificial intelligence research and development.
 
Al-Alaq explained that digital currencies have the potential to transform the conventional banking system, noting that the CBI has declared its willingness to carry out a plan for banking sector reform, the Iraqi News Agency (INA) reported.
 
In collaboration with the international consulting company Oliver Wyman, the CBI announced an extensive reform strategy designed to make the country’s private banking industry a robust, innovative, and expansion-oriented system.
 
Al-Alaq revealed in late February that the CBI is planning to create a digital currency to replace paper notes in transactions with central banks.
 
The Iraqi official added that fundamental changes will take place in the banking and financial systems,
including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.     https://www.iraqinews.com/iraq/digital-currencies-to-reshape-iraqs-banking-sector/

Parliamentary Finance Committee: Rebuilding Confidence In The Banking System Requires Developing The Infrastructure And Enhancing Its Cybersecurity.
 
Monday, April 7, 2025 14:01 | Economic     Number of readings: 495  Baghdad / NINA / The Parliamentary Finance Committee affirmed that the launch of the banking sector development project represents a
 
     starting point for comprehensive reform of the financial and monetary systems,
     paving the way for achieving sustainable development and the desired economic reform.

During his participation in the Banking Sector Development Conference, which kicked off today, Monday, in the capital, Baghdad, in cooperation with Oliver Wyman, the head of the committee, 
MP Atwan Al-Atwani, pointed out the parliament's keenness to support the efforts of the Central Bank in promoting the concepts of
 
     sustainable financing,      encouraging public and private banks to finance economic activities and development projects, and     diversifying sources of income, which would contribute to
          reducing the financial deficit in public budgets.  

He added:  "The banking sector is not just a financial instrument, but rather
the cornerstone for driving the national economy and combating corruption," indicating that
 
"developing this sector is 
     the cornerstone of the economic reform project and
     a pivotal step in moving towards a diversified economy,
     away from excessive reliance on oil revenues."  

He continued,  "Introducing modern banking systems into the Tax and Customs Administration will contribute to 
     improving financial transaction tracking mechanisms,
     enhance revenue collection efficiency, and
     limit tax evasion, in addition to    closing unofficial outlets that drain the state's resources and weaken its ability to invest and provide services."

Al-Atwani also emphasized that 
"rebuilding confidence in the banking system and
expanding the scope of digital transactions, both domestically and internationally,
requires developing the banking sector's infrastructure and enhancing its cybersecurity.
 
Furthermore, the reform process requires
     establishing genuine partnerships with international banks and institutions, and
     regulating foreign transfers to ensure compliance with international standards."
 
He called for the formulation of a clear understanding with the World Bank and the US Treasury, establishing the principle that the Central Bank of Iraq is the body authorized to evaluate banks' performance, ensure their compliance, and punish violators, to avoid any sudden decisions that negatively impact the banking sector.

He emphasized the need for a comprehensive reform revolution, starting with the banking sector, stressing:
 
"This requires genuine political will, institutional cooperation, and a strategic vision that goes beyond temporary solutions."
 
He also called for collective responsibility for reforming the banking sector, as it is a national priority that    affects national security and financial stability,   directly impacts citizens' livelihoods,
     achieves social justice, and     ensures the future of future generations.  /End 5         
https://ninanews.com/Website/News/Details?key=1196152  

Parliamentary Finance Committee: Developing The Banking Sector Is A Fundamental Pillar For Achieving Comprehensive Economic Reform
 
Economy     Yesterday, 1:56 PM  Baghdad – INA  The Finance Committee of the House of Representatives affirmed, on Monday, the Central Bank’s management’s support    for enhancing sustainable financing, while noting that   developing the banking sector is a fundamental pillar for achieving comprehensive economic reform.
 
Committee Chairman Atwan Al-Atwani said in a speech during the Iraqi Banking Sector Reform Conference, which was followed by the Iraqi News Agency (INA):
 
"The banking sector reform project represents the   starting point for developing the financial and monetary system based on solid scientific foundations, and the     starting point for comprehensive economic reform and achieving sustainable development." 

 He added,  "The Finance Committee of the Iraqi Council of Representatives is keen to support the management of the Central Bank of Iraq in its efforts to   enhance sustainable   financing , encourage    government and private banks to finance economic activities and development projects, and  diversify revenue sources, thus contributing to covering the financial deficit in public budgets.
 
This is especially true since the banking sector is not just a financial system, but rather the backbone of stimulating the economy and combating corruption." 

He explained that "developing the banking sector is a fundamental pillar for achieving comprehensive economic reform and a major turning point toward a diversified economy, away from oil rents."  He continued,
 
"In light of the trend toward maximizing non-oil revenues, the introduction of modern banking systems into tax and customs operations provides a clear path for tracking financial transactions and collecting revenue more efficiently.
 
It also contributes to reducing tax evasion and closing informal outlets that drain the state's resources and weaken its ability to invest and provide services." 

He explained that  "restoring confidence in our banking system and expanding digital financial transactions requires developing the infrastructure for this sector and providing cybersecurity for these transactions." He emphasized,
 
"The process of reforming and developing the banking sector must be accompanied by a movement to establish genuine partnerships with international correspondent institutions and banks to  regulate foreign remittances,   ensuring  compliance with international standards and the  controls of relevant financial institutions.
 
This must also include establishing a clear understanding with the World Bank and the US Treasury, emphasizing that the Central Bank of Iraq is responsible for evaluating the performance and compliance of private government banks and punishing violators.
 
This will help avoid any improvised decisions or sudden external sanctions that could put our banks at risk and disrupt their operations." He added, "We need a reform revolution in all sectors, especially the banking sector.
 
This requires genuine will, collective action, and effective partnerships.
 
Most importantly, we need a clear vision that goes beyond temporary solutions to create modern financial institutions capable of confronting economic challenges and crises, providing all necessary facilities to serve citizens and keep pace with modern requirements."

He pointed out that "reforming the banking sector   is a shared responsibility and   must be a priority for both the legislative and executive authorities,
 
given its direct impact on driving all productive sectors, achieving national security and financial stability, and consequently improving people's livelihoods, promoting social justice, and securing the future of future generations."    https://www.ina.iq/231534--.html   

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-9-25

Good Morning Dinar Recaps,

NEW YORK BILL PROPOSES USING BLOCKCHAIN TO SAFEGUARD ELECTION RESULTS

Assemblyman Clyde Vanel’s new proposal would evaluate how blockchain can secure voter records and election results.

Blockchain may soon be part of New York’s strategy to secure the democratic process.

That's the hope of Clyde Vanel (D-33), who filed Assembly Bill A7716 on Tuesday, proposing that the New York State Board of Elections study how blockchain technology could be used to protect voter records and election results.

The bill, currently in the Assembly Election Law Committee, calls for a comprehensive report within one year, examining blockchain’s potential as a tool for election integrity.

The legislation defines blockchain as a decentralized, cryptographically secured, immutable, and auditable ledger capable of delivering an “uncensored truth.”

It mandates that the Board of Elections collaborate with the Office of Information Technology Services and engage experts in blockchain, cybersecurity, voter fraud, and election systems.

The final report must also consider blockchain implementations in other states and jurisdictions.

If the bill advances, it would need to pass through the full Assembly, undergo the same process in the Senate, and then be signed into law by the governor.

For now, it remains under committee review, pending discussion or amendment. Yet, should the bill be enacted, the state board would be legally obligated to deliver its findings within 12 months.

This is not Vanel’s first push for such legislation. Versions of the bill have appeared in legislative sessions since 2017, though none have made it to the Governor’s desk.

This year’s version, however, arrives amid growing nationwide interest in exploring blockchain's role in public infrastructure, even as other states pursue very different use cases, such as crypto investment and regulatory reform.

Last month, Utah lawmakers approved HB230, a blockchain-friendly bill that protects crypto activities and infrastructure, but stripped language that would’ve allowed the state to invest in Bitcoin directly.

HB230 prohibits state and local governments from restricting individuals' and businesses' ability to accept digital assets as payment, use self-hosted or hardware wallets, and participate in blockchain activities such as operating nodes, developing software, transferring assets, and staking.

Meanwhile, the Bitcoin investment strategy gained momentum following President Trump’s March executive order to establish a Strategic Bitcoin Reserve at the federal level.

As of now, 47 Bitcoin reserve bills have been introduced in 26 states, with 41 still live, per reserve tracker Bitcoin Law data.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

WILL PAUL ATKINS LEAD THE SEC? SENATE TO DECIDE

The U.S. Senate will vote at 11:30 AM tomorrow to decide whether to move forward with the nomination of Paul Atkins as SEC Chair. If the cloture vote passes, a final confirmation could happen as early as 7:00 PM the same day.

Atkins has been nominated to serve as a Member of the Securities and Exchange Commission for the rest of the current term, which ends on June 5, 2026. The outcome could shape the SEC’s direction moving forward.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

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DOGE Stimulus Check Update:

DOGE Stimulus Check Update: Here's the latest news on the dividend and when it may arrive

Shelby Slade, Arizona Republic  Tue, April 8, 2025

Many Americans worried about money and finances have been closely watching for the idea of DOGE dividends to become a reality. Azoria CEO James Fishback, the person who came up with the dividend idea, has said that he and others are working with lawmakers to get a proposal for the stimulus checks in front of Congress, which is the first step in the process.

There are other hurdles for the proposal, too, including the United States' current economic situation and saving enough money via the Department of Government Efficiency's cuts.

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

Here is the latest update on DOGE stimulus checks, including who would be eligible for the payment and when the dividends could be sent.

DOGE Stimulus Check Update

There are no major updates about the DOGE stimulus check. A formal proposal has not been made in Congress, which is the first step in the process. However, the CEO credited with the idea has said that he and his team are working on it.

"My team and I have met with dozens of Members of Congress in the past month. I am confident that DOGE Dividend checks with happen," James Fishback said in a April 1 post on X, formerly Twitter.

"Hard-working taxpayers deserve to be cut into DOGE's savings. It was *their* money all along."

There has also been intense speculation in Washington, D.C., about Elon Musk's future with the Trump administration. The conversation was triggered in part by Trump mentioning that Musk would need to return to overseeing his companies. Further speculation that Musk was being pushed out began to spread although the White House pushed back on that idea later in the week.

Musk also appeared to dodge questions about the DOGE stimulus checks — an idea that went viral among supporters in February — during a rally in Wisconsin on March 30. The billionaire and Tesla CEO ceded that any stimulus from DOGE's dubious savings would have to go through a congressional vote.

"It's somewhat up to Congress and maybe the president to, you know, as to whether specific checks are cut," Musk said.

When will DOGE stimulus checks be sent?

TO READ MORE https://www.yahoo.com/news/doge-stimulus-check-heres-latest-145755327.html

Iraq Economic News and Points to Ponder Tuesday Evening 4-8-25

Iraq Exports 5 Million Barrels Of Oil To The US In A Month

Energy   Economy News – Baghdad  The U.S. Energy Information Administration announced on Tuesday that Iraq's oil exports to the United States exceeded 5 million barrels during March.

The administration stated in a table seen by Al-Eqtisad News that "Iraq exported 5.487 million barrels of crude oil to the United States during the month of March, an increase from 4.900 million barrels in February."

She added, "Iraq exported an average of 170,000 barrels per day of crude oil to the United States during the first week of March, an average of 202,000 barrels per day in the second week, an average of 203,000 barrels per day in the third week, and an average of 132,000 barrels per day in the third week."

The US Energy Information Administration stated that "Iraq ranked seventh in its exports to the US last month, after Canada, which ranked first as the largest oil exporter to the US, followed by Mexico, Saudi Arabia, Brazil, Venezuela, and Colombia."

The administration noted that "Iraq came in second place among Arab countries exporting the most oil to America, after Saudi Arabia, which came in first with exports of 6.696 million barrels, and Libya came in third with exports of 1.829 million barrels."  https://economy-news.net/content.php?id=54227

A New Rise In The Dollar Exchange Rate Against The Dinar In Baghdad

Stock Exchange   Economy News – Baghdad  The dollar exchange rate rose against the dinar on Tuesday in Baghdad markets. The dollar exchange rate rose on the Al-Kifah and Al-Harithiya stock exchanges, reaching 147,800 dinars per $100, compared to 147,750 dinars per $100 yesterday, Monday.

Selling prices at exchange offices in Baghdad's local markets remained stable, with the selling price reaching 148,750 dinars per $100, and the buying price reaching 146,750 dinars per $100. https://economy-news.net/content.php?id=54218

A US Bank Announces Its Readiness To Expand The Number Of Correspondent Accounts Opened For Iraqi Banks
Economy  | 04/08/2025  Mawazine News – Baghdad  US bank JPMorgan Chase expressed its willingness to expand the number of correspondent accounts opened for Iraqi banks on Tuesday.

A statement from the office of Prime Minister Mohammed Shia al-Sudani received by Mawazine News stated that "Al-Sudani received a delegation from JPMorgan Chase headed by the bank's Deputy Director, Daniel Zelikow, on the sidelines of the Iraqi Banking Sector Reform Conference held in Baghdad."

He added that "the meeting discussed enhancing cooperation in the financial and banking fields, and the bank's participation in financing various investment projects, in addition to examining mechanisms for securing credits and financial transfers and ensuring their delivery to their beneficiaries in Europe and the United States, which will contribute to improving services provided to Iraqi traders and importers."

He stressed "the importance of expanding the areas of partnership between Iraqi banks and JPMorgan Chase, noting the government's readiness to provide all forms of support to strengthen this relationship."

For its part, the JPMorgan Chase delegation expressed its willingness to increase cooperation with Iraq by expanding the number of correspondent accounts opened for Iraqi banks, and their willingness to finance a number of investment projects directly or through partner financial institutions. https://www.mawazin.net/Details.aspx?jimare=260645

Al-Sudani Discusses With JP Morgan Mechanisms To Secure Financial Transfers And Their Access To Europe And America

Banks  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani discussed today, Tuesday, with a delegation from JPMorgan Chase, headed by the bank's Deputy General Manager, Daniel Zeljko, enhancing cooperation in the financial and banking sectors.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani met with a delegation from JPMorgan Chase, headed by the bank's Deputy Director, Daniel Zelikow, on the sidelines of the Iraqi Banking Sector Reform Conference held in Baghdad."

During the meeting, the two sides discussed enhancing cooperation in the financial and banking fields, including the bank's participation in financing various investment projects.

They also discussed mechanisms for securing credits and financial transfers and ensuring their delivery to those entitled to them in Europe and the United States, which will contribute to improving services provided to Iraqi traders and importers.

Al-Sudani stressed the importance of expanding partnerships between Iraqi banks and JP Morgan, noting the government's readiness to provide all forms of support to strengthen this relationship.

For its part, the JP Morgan delegation expressed its "willingness to increase cooperation with Iraq by expanding the number of correspondent accounts opened for Iraqi banks, and its willingness to finance a number of investment projects directly or through partner financial institutions." https://economy-news.net/content.php?id=54229

The Government Rules Out Any Impact On Iraq From The Global Drop In Oil Prices

economy | 08/04/2025   Mawazine News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Tuesday that Iraq's federal budget for the years "2023-2025" has taken into account fluctuations in the oil market, and that the decline in global oil prices will not affect the country's internal situation.

Mazhar said in a statement to the Center for Strategic Studies and Trade Policy at the Ministry of Trade that "there are indications that the world is entering a cycle of declining oil prices that will not cause any repercussions on the country's internal situation."

He pointed out that "these indicators are due to the decline in the intensity of the Russian-Ukrainian conflict and Iran's openness to negotiations with the United States on the one hand, and the escalation of the US-led trade war by imposing customs duties on various markets despite the exclusion of oil and gas on the other hand, which has negatively impacted oil contracts and markets."

He pointed out that "what is happening on the global scene is a temporary crisis that will stabilize in the coming period within the logic of global economic balances."

He explained that "the clash between the climate of geopolitical détente and the escalating trade war could lead to a global economic shock that reduces demand for energy, especially with the 1% decline in global growth rates and the 0.5% decline in crude oil demand in global markets."

He indicated that the oil market is now threatened by a glut that could weaken prices in the coming decades with the return of OPEC+ production to normal. 

Saleh emphasized "the importance of reconciling the oil conflict between China and the United States, as the former is one of the largest importers of oil, and the latter is one of the largest producers, which makes oil price stability a vital issue for both parties."  https://www.mawazin.net/Details.aspx?jimare=260647

US Trade Delegation: Iraq Represents A Promising Investment Market

Political | 08:20 - 08/04/2025  Mawazine News – Baghdad  The head of the visiting US trade delegation to Iraq, Steve Lutes, affirmed on Tuesday that Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services.

The media office of the Speaker of Parliament said in a statement received by Mawazine News: "The Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, received at the Presidential Palace in Baghdad the Chargé d'Affaires of the US Embassy to Iraq, Daniel Rubinstein, accompanied by a large economic delegation from the American Chamber of Commerce, including representatives of 57 American companies, headed by Steve Lutes, and a number of company presidents and investors, within the framework of the American Chamber of Commerce Economic Conference held in Iraq."

The statement added that "at the beginning of the meeting, Al-Mashhadani welcomed the American delegation," stressing that "Iraq welcomes all initiatives that contribute to developing its economy and strengthening its international partnerships, especially with the United States of America, which represents one of the most important strategic partners in various fields."

The Speaker of Parliament stressed, according to the statement, "the critical importance of investment in Iraq, especially in vital and strategic sectors such as oil and electricity, which represent the backbone of the Iraqi economy."

He emphasized "the need to stimulate investment in the agricultural and industrial sectors, in addition to service sectors that are relevant to the lives of Iraqi citizens, such as the environment, education, and health."

Al-Mashhadani explained that "the Iraqi Parliament has enacted an investment law that provides a safe and stimulating legal environment for investment, protects the rights of investors, and encourages transparency and equal opportunities."

He pointed out that "Parliament, as the 'house of the people,' ensures a decent and safe life for citizens and works closely with the government through effective coordination mechanisms to support development projects and facilitate the entry of investments."

Al-Mashhadani stressed, according to the statement, that "the Iraqi Parliament strongly supports the signing of bilateral agreements with friendly countries, as this contributes to stimulating economic activity, attracting more foreign investment, and creating new job opportunities that contribute to reducing unemployment and enhancing economic stability."

The statement continued, "Daniel Rubinstein, Chargé d'Affaires at the US Embassy in Baghdad, expressed his happiness with this meeting, stressing his country's commitment to supporting Iraq in its path towards economic development and stability, and strengthening the partnership between the American and Iraqi private sectors."

For his part, the head of the US trade delegation, Steve Lutes, stressed that "Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services."

The statement concluded that "the meeting comes within the framework of the Iraqi state's efforts to support economic openness and expand its investment relations with international partners, in a way that enhances sustainable development and provides a stable and attractive environment for investment in various sectors."   https://www.mawazin.net/Details.aspx?jimare=260650

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-8-25

Good Evening Dinar Recaps,

XRP NEWS: RIPPLE SET TO BUY HIDDEN ROAD FOR $1.25B IN STRATEGIC DEAL

▪️Ripple acquires Hidden Road for $1.25B, becoming the first crypto firm to own a global multi-asset prime broker.

▪️The acquisition will see Ripple's stablecoin RLUSD used as collateral and Hidden Road's post-trade on XRP Ledger.

▪️This major deal, amidst positive regulatory shifts, positions Ripple and Hidden Road to bridge traditional and decentralized finance.

Ripple has taken a major step forward by agreeing to acquire one of the fastest-growing prime brokerages in the world. This deal marks a big moment for the company and the crypto industry, as Ripple becomes the first crypto firm to fully own and operate a global, multi-asset prime brokerage platform.

Ripple announced it will acquire Hidden Road for $1.25 billion. This is one of the largest acquisitions in the digital asset space so far, signaling Ripple’s serious commitment to expanding its reach into traditional finance.

Ripple’s Stablecoin Steps Into the Spotlight

One of the most important aspects of this deal is the boost it gives to Ripple’s stablecoin, RLUSD. Hidden Road will now use RLUSD as collateral across its services, making it the first stablecoin to allow smooth cross-margining between crypto and traditional markets. This gives RLUSD a strong foothold in real-world financial applications.

As part of the agreement, Hidden Road will shift its post-trade operations to the XRP Ledger (XRPL). This move aims to lower costs and improve efficiency, highlighting XRPL’s value as a preferred option for institutional decentralized finance (DeFi).

Ripple also plans to improve its Ripple Payments platform by reducing costs, increasing liquidity, and offering secure, bank-grade digital asset custody to Hidden Road’s institutional clients.

Hidden Road’s Global Presence Set to Expand

Hidden Road already handles more than $3 trillion in trading volume each year for over 300 major institutions. With Ripple’s support, the firm is now set to grow even more and could soon become one of the largest non-bank prime brokers in the world. This partnership is a key step in connecting traditional finance with the decentralized world.

This is the second billion-dollar crypto deal of 2025, showing strong momentum for the digital asset industry. Under President Trump’s administration, the market is growing more optimistic about relaxed crypto regulations.

Earlier in March, major crypto exchange Kraken announced a $1.5 billion deal to acquire retail futures trading platform NinjaTrader. That move allows Kraken to expand into new asset classes and grow its user base.

Ripple Hints At Collab With Cardano

Adding more buzz, Ripple recently released a video about tokenization that included the Cardano logo. This led to speculation about a possible partnership between the two companies. 

The video focused on the potential of real-world asset (RWA) tokenization, which could reach $18.9 trillion by 2033. While the community is excited, neither Ripple nor Cardano has confirmed any collaboration yet.

Ripple CEO Brad Garlinghouse commented on the deal, saying the crypto industry is entering a new and promising phase. For the first time, the U.S. market is becoming truly open to digital assets, as the regulatory confusion from earlier leadership begins to clear up. At the same time, the crypto space is maturing and starting to meet the standards of traditional finance.

According to Garlinghouse, this moment presents a huge opportunity for growth and mainstream adoption.

@ Newshounds News™
Source:  Coinpedia

Video Link

~~~~~~~~~

BRICS: INDIA TO TURN ON US, JOIN CHINA IN TRADE WAR?

With the arrival of United States President Donald Trump’s Liberation Day economic policy, the world has been subject to an influx of tariffs. Now, despite its increased relationship with the country, BRICS nations may band together, with India potentially joining with China amid a brewing trade war with the US.

A Chinese Embassy spokesperson in India recently called for the nation to stand with its BRICS ally against the US Trump administration. Specifically, spokesperson Yu Jing called for the nations to join forces to “overcome the difficulties” of the recent tariff plan, according to a Reuters report.

BRICS Nations to Join Forces? China Calls for India to Stand With It in Opposition to Trump Tariffs

In early April, US President Donald Trump threw a wrench into global economics. Indeed, he announced the arrival of a baseline 10% tariff on nearly every trading partner that the country has. The increasingly aggressive economic policy was instituted to facilitate balanced trade for the nation, the administration assures.

However, its presence has forced a host of nations to respond. Among the most concerning answers have been from East Asia, which has vowed to fight the policy. Now, it is calling on its BRICS ally in India to stand with China as it is set to engage in a trade war with the US.

Chinese Embassy spokesperson Yu Jin recently said the two sides should come together amid the action. “China-India economic and trade relationships are based on complimentary and mutual benefit. Facing the US abuse of tariffs… the two latest developing countries should stand together to overcome difficulties.”

The only problem is that both nations took radically different approaches to their response to the Trump tariffs. Specifically, India has already ruled out reciprocal action. Indeed, it noted that it was seeking to secure a negotiated trade deal with the United States amid the policy.

Alternatively, Chian has not been as diplomatic. According to a recent report, the country has vowed to “fight to the end” in response to the looming trade war. The US president has threatened an additional 50% tariff on China, with the Eastern Asian power calling it “blackmail.”

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

XRP LAWSUIT NEWS: SEC OPPOSES EMERGENCY REQUEST FOR ‘DECISIVE EVIDENCE’ IN RIPPLE CASE

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to an end, as confirmed by Ripple CEO Brad Garlinghouse just a few days ago.

While the announcement was met with celebrations among Ripple supporters and the broader crypto community, the XRP price failed to react as positively as expected. This muted response has led to growing anticipation and calls from XRP enthusiasts for an official statement or confirmation from the SEC.

Adding to the intrigue, an unusual filing recently appeared in the SEC vs. Ripple docket. A man named Justin W. Keener submitted an emergency request seeking to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.”

\*******************************

The letter, however, left many questions unanswered. It doesn’t clearly specify what the so-called ‘decisive evidence’ entails or how it would benefit Ripple’s case. Keener hints that the evidence may relate to physical investment contracts he has been collecting, though details remain scarce.

In response, the SEC has filed an opposition to Keener’s request. According to Fox Business’ Eleanor Terrett, the SEC argues that the motion should be denied for several reasons.

First, they claim the District Court no longer has jurisdiction over the matter since the case has moved to the Second Circuit.

Second, they assert that Keener failed to file the proper motion to intervene in the case. Lastly, the SEC contends that the request is unnecessary because Ripple is fully capable of deciding for itself whether the evidence in question could be helpful.

The SEC is now asking Judge Analisa Torres to dismiss Keener’s request entirely, arguing that it holds no legal standing and that the case has already reached a conclusion.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Follow the Timeline 

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Thank you Dinar Recaps