Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-17-25

Good afternoon Dinar Recaps,

SILVER PRICES SURGE TO HIGHEST LEVELS SINCE OCTOBER, EYEING $35 MARK

Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs. Analysts suggest silver may challenge its 10-year peak of $34.87, though some remain cautious due to the metal’s volatility and its lag behind gold in 2024.

Silver has gained 14% in 2025 after rising 21% in 2024, supported by rising U.S. Comex futures prices amid concerns over a potential U.S. trade war due to proposed import tariffs.

The March silver contract increased 3.3% to $33.79. The premium between CME futures and London spot prices has caused market volatility, drawing significant inflows into COMEX-approved warehouses. CME silver stocks surged 22% to 375.8 million ounces since November 24, when President Trump announced tariffs on Mexico and Canada, later delayed until March.

Copper prices also hit a three-month high, supporting silver. Meanwhile, London Bullion Market Association data revealed an 8.6% drop in silver inventories to 23,528 tons in January, the largest monthly decline since 2016.

Despite bullish trends, analysts caution against silver's volatility, noting its price movements often exceed gold’s by 2-2.5 times. Technical concerns arise as silver traded between $22-35 in 2024 compared to $19-27 in 2023.

Industrial demand, comprising half of silver’s usage, could face challenges if a trade war hampers global growth. Additionally, fewer U.S. Federal Reserve rate cuts and slowing Chinese growth may pressure silver prices further.

The silver market's volatility and external economic factors will likely continue to influence its trajectory, with investors closely watching its attempt to reach the $35 threshold.

@ Newshounds News™

Source:  Economic Times

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BREAKING: ELON MUSK’S DOGE LAUNCHES SEC PROBE AS RIPPLE LAWSUIT NEARS END

In a latest development, Elon Musk’s DOGE has announced audit into the SEC for fraud, abuse and waste. The cryptocurrency community is closely watching this development, particularly as the SEC’s lawsuit against Ripple is nearing its conclusion.

The DOGE_SEC account has urged the public to share information about the SEC’s actions. “DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse,” the account posted.

This move has sparked heated debates among legal and financial experts. In reaction to this, Coinbase’s Chief Legal Officer, Paul Grewal, suggested a rule requiring the SEC to pay legal fees for defendants who successfully fight its lawsuits. Other voices from the crypto community have also raised concerns about the SEC’s actions, especially over its ongoing litigation with Ripple.

Besides, Ripple’s CLO, Stuart Alderoty, responded to SEC’s ongoing scrutiny, saying, “I have the receipts,” suggesting that crucial documents tied to the case could soon be made public. However, it remains to be seen if this could bring a swift end to the Ripple vs. SEC case.

@ Newshounds News™

Source:  Coinpedia

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TETHER SEEKS INVOLVEMENT IN U.S. STABLECOIN REGULATIONS

Tether has been in talks with U.S. lawmakers behind the STABLE Act. The firm aims to get more involved in shaping U.S. stablecoin legislations.

According to FOX Business reporter Eleanor Terrett, Tether has been in discussions with Rep. Bryan Steil and Republican Chair of the House Financial Services Committee, French Hill, regarding stablecoin regulations in the U.S.

Steil and Hill confirmed to Terret that the world’s largest stablecoin issuer has been engaging actively on the discussion draft for the new bill, Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act.

The bill is set to require stablecoin issuers to gain permission from the Office of the Comptroller of the Currency and back their crypto to traditional fiat currency, short-term U.S. Treasury bills, or central bank reserves.

CEO Paolo Ardoino said that the firm plans to comply with the U.S. regulations for stablecoin, however it may turn out.

“We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation,” said Ardoino.

This means that if the STABLE Act comes to pass, Tether will need to commit to maintaining one-to-one asset backing for its tokenized fiat and conduct monthly reserve audits through a U.S.-based accounting firm.

According to Terret, Tether has been criticized for its lack of transparency, namely due to accusations that the firm has never received a full audit. Instead, the stablecoin firm provides quarterly reports from its financial books published by global accounting firm BDO.

Furthermore, JP Morgan analysts predict that Tether will have to sell some of its Bitcoin holdings to comply to the new requirements, citing that the stablecoin firm only has 66% to 83% of the required amount to back its crypto supply.

Ardoino stated that his team aims to get involved in shaping all regulatory frameworks for stablecoins in the U.S. to ensure that they have a say in the legislative process.

“We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard,” said Ardoino.

In the past week, there have been three stablecoin bills introduced in the House and the Senate.

Aside from the STABLE Act, there was also the GENIUS Act, a bipartisan bill introduced by the Senate team that includes an author of the Bitcoin reserve proposal, sen. Cynthia Lummis. The bill regulates stablecoins with a market cap over $10 billion.

Additionally, Democratic Rep. Maxine Waters on the House Financial Services Committee, introduced a proposal for stabelcoin oversight involving the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.

On Feb. 13, Federal Reserve Governor Christopher Waller said that stablecoins have the potential to strengthen the U.S. dollar’s domination on a global scale. 

However, he believes that the stablecoin market still requires a regulatory framework that directly addresses stablecoin risks and enables banks and non-banks to issue stablecoins.

Last year, Fed Chairman Jerome Powell also claimed to fully support the creation of a stablecoin framework in a meeting with the House Financial Services Committee.

@ Newshounds News™

Source:  Crypto News

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Iraq Economic News and Points to Ponder Monday AM 2-17-25

Reuters: The Iraqi Central Will Prevent 5 Local Banks From Dealing With Dollars

Economy ​ Yesterday, 17:39 |  Baghdad today- Baghdad  Two informed sources reported today, Sunday (February 16, 2025), that the Central Bank of Iraq will prevent local banks from dealing with dollars.
 
"The Central Bank of Iraq will prevent 5 local banks from dealing with dollars in the US Treasury request." The two sources added,  "3 companies for payment services will be banned from dealing in dollars according to the US Treasury request," the two sources added.

They pointed out, "America has submitted its request due to severe cash violations and the smuggling of the dollar outside the country."
 
The Central Bank of Iraq had previously denied today, Sunday, that Iraqi banks were subjected to international sanctions, calling for "the adoption of official channels to find out the latest news."
 
But economist Ziad Al -Hashemi, today, confirmed that the American treasury started the campaign of punishment for Iraqi banks and companies after its meeting with the Central Bank.
 
Al -Hashemi said in a post on his Facebook account, which was followed by "Baghdad Today" that "the
 
American (non-military) operations were launched towards Iraq and the first campaign targeted the punishment of Iraqi (decorative) banks on charges of facilitating fraudulent transfers and financing groups and countries, punishing and supporting terrorism." He added that
 
"the US sanctions officially arrived at the concerned Iraqi authorities (according to internal sources) by the US Treasury Financial Intelligence Office, which is concerned with monitoring, following up and punishing entities and individuals who support terrorism, armed activities and American punishment." He continued:
 
"The punished Iraqi banks are from the category of small and medium banks, which seem to be active behind the scenes with activities that harm the Iraqi economy and in violation of the American and international sanctions system, the leakage and evasion of the Iraqi dollar for foreign trade."   
https://baghdadtoday.news/268076-رويترز-المركزي-العراقي-سيمنع-5-بنوك-محلية-من-التعامل-بالدولار.html  

Rashid Bank Capital Jumps From 2 Billion To 50: What Are The Reasons? Does Timing Have A Relationship? -
 
Economics | 13-02-2025, 14:11 | Baghdad today- Baghdad  The specialist in the banking and financial affairs, Alaa Al-Fahd, revealed today, Thursday (February 13, 2025), the reason for the increase in the capital of Al-Rashid Bank at this time. Al-Fahd told "Baghdad Today" that
 
"this measure is among the government reform of banking policy by expanding the size of banks and their participation in economic development, as
 
there is a reform policy that it pursues for a government with the Central Bank of Iraq, with the help of international companies in order to develop banking work and increase bank branches, and
 
for this reason There was obligatory to increase the capital according to the requirements of the stage. "

And that " today the capital (2) billion dinars is not commensurate with the current reality, because the Rashid Bank possesses the number of branches and number of shareholders, and
 
for this the increase in the bank's capital, will contribute to the classification of the current situation, and contribute to upgrading the current reality."
 
"This increase is the beginning of the restructuring of banks, especially the bankers of Al-Rafidain and Al-Rashid, and
     made them at a level that meets the ambition of the current stage, and
     is at the level of development and the level of the need of the Iraqi economy."
 
The Federal Cabinet agreed, during its session last Tuesday, to increase the capital of Al-Rashid Bank from 2 billion dinars to 50 billion dinars, from calculating the expansion reserves for the bank, provided that the Iraqi Ministry of Finance takes the necessary measures for implementation.
 
Earlier, the government announced ambitious plans to restructure government banks, led by Al-Rafidain and Al-Rashid bank, with the aim of converting them into more modern and efficient financial institutions capable of meeting the needs of the growing Iraqi economy.
 
The Council of Ministers also decided in its session held on January 13, 2025 to establish a completely new bank, 
 
     dependent on the latest digital banking technologies, and aims
     to provide integrated banking services to individuals and companies, whether inside or outside Iraq.    
  
https://baghdadtoday.news/267813-رأس-مال-مصرف-الرشيد-يقفز-من-2-مليار-إلى-50-ما-الأسباب-الموجبة؟-وهل-للتوقيت-علاقة؟-.html  

Gold Prices Stabilize At Highest Level As Dollar Declines In Baghdad

Stock Exchange  Economy News – Baghdad  The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Sunday (February 16, 2025), at its highest level in the country.

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 608 thousand dinars, and a purchase price of 604 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold was recorded at 578 thousand dinars, and the purchase price was 574 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 610,000 and 620,000 dinars, and the selling price of a mithqal of Iraqi gold ranges between 500,000 and 510,000 dinars.   https://economy-news.net/content.php?id=52808

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

Seeds of Wisdom RV and Economic Updates Monday Morning 2-17-25

Seeds of Wisdom RV and Economic Updates Monday Morning 2-17-25

Good Morning Dinar Recaps,

BREAKING: SENATOR LUMMIS SAYS ‘A BITCOIN RESERVE COULD BE AUDITED ANYTIME 24/7 WITH BASIC COMPUTER’

▪️Senator Cynthia Lummis pushes for Bitcoin reserves in the U.S. to boost transparency and stability in financial policy.

▪️Lummis leads Bitcoin integration efforts, with states like Texas eyeing strategic Bitcoin reserves. Could this reshape U.S. economic policy?

Senator Cynthia Lummis an advocate for Bitcoin and financial innovation, has called for the United States to update its national reserves to include Bitcoin.

Lummis, who represents Wyoming in the U.S. Senate, believes that a Bitcoin reserve could be audited 24/7 with just a basic computer, offering transparency and stability for the U.S. financial system.

According to Bitcoin Magazine, she said, “A bitcoin reserve could be audited any time 24/7 with a basic computer. It’s time to upgrade our reserves.”

As the new chair of the Senate Banking Subcommittee on Digital Assets, Senator Lummis is pushing for legislative changes to integrate Bitcoin into U.S. economic policy. She has consistently advocated for regulatory clarity and Bitcoin-friendly policies.

In a recent discussion, Lummis also opened up about the growing interest in Bitcoin reserves, not just within the U.S., but also from other countries like the United Arab Emirates.

Lummis shared that states like Pennsylvania, Texas, and Wisconsin are already considering creating their own strategic Bitcoin reserves, signaling a trend that could eventually influence federal policy. She said that states often act as incubators for innovation, and that a state-level Bitcoin reserve could serve as a model for broader adoption.

Lummis Leads Charge for Bitcoin Integration

As part of her advocacy, Lummis will be discussing the role of Bitcoin in U.S. reserves and its potential to stabilize the nation’s finances at Bitcoin 2025, a key event for the cryptocurrency community. She encouraged Bitcoin supporters to engage with lawmakers and work towards making a state the first to adopt a strategic Bitcoin reserve.

Senator Lummis remains optimistic about Bitcoin’s future, seeing it as an asset that could help reduce the U.S. national debt and provide a hedge against inflation. She envisions Bitcoin playing a crucial role in protecting the U.S. dollar’s position as the world’s reserve currency.

@ Newshounds News™

Source:  Coinpedia

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TRUMP ADMIN ADVISER MEETING WITH FEDERAL RESERVE CHAIRMAN ‘REGULARLY’

Investors are patiently waiting for interest rate cuts to fuel risk-on-asset markets amid high inflation and macroeconomic uncertainty.

Kevin Hassett, the director of the National Economic Council — a White House advisory board to President Trump — disclosed that he is now having “regular” meetings with Federal Reserve chairman Jerome Powell.

During a recent appearance on CBS’ Face The Nation, the host asked Hassett if his meetings with the Federal Reserve chairman were to influence interest rates. The White House adviser responded:

“Jerome Powell is an independent person. The Federal Reserve’s independence is respected. The point is the president’s opinion can also be heard — he is the president of the United States.”

The adviser added that long-term rates have already come down since the Trump administration took office, citing a 40 basis point reduction in 10-year Treasury rates as evidence that the market believes inflation is coming down.

Lower interest rates are a bullish catalyst for cryptocurrencies and other risk-on asset classes, as access to cheap credit encourages market participants to borrow capital to purchase investments and businesses.

@ Newshounds News™

Source: CoinTelegraph 

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“Tidbits From TNT” Monday Morning 2-17-2025

TNT:

Tishwash:  Al-Sudani enhances Iraq's international standing in Munich and Prague

The Iraqi political and diplomatic arena witnessed remarkable activity through the participation of Prime Minister Mohammed Shia al-Sudani in the Munich Security Forum, and his visit to the Czech capital, Prague, where important agreements were signed with his Czech counterpart.

Parliamentarians and observers believe that these steps reflect Iraq's policy of strengthening diplomatic relations and security and economic cooperation at the regional and international levels.

Munich Security: A presence that reflects Iraq's international weight

Member of the Parliamentary Security and Defense Committee, Jawad Al-Bolani, stressed that Al-Sudani's participation in the Munich Security Conference reflects the growing importance of Iraq in combating terrorism and combating organized crime, which enhances its position as a tough international figure in this field. He explained that the conference is a vital platform for exchanging intelligence information and establishing security and military partnerships, in addition to being an opportunity to showcase Iraq's combat capabilities and compare them with international forces.

Al-Bolani pointed out that Iraq seeks to develop its security services through the use of the latest technologies, which reflects its orientation towards building advanced armed forces capable of protecting its borders and confronting security challenges.

Strengthening Security and International Partnerships

For his part, security expert Fadhel Abu Raghif pointed out that Al-Sudani’s visit to Germany and his meeting with the commander of NATO forces reflects Iraq’s orientation towards establishing the foundations of security and peace in cooperation with friendly countries, especially in light of the withdrawal of American advisors and international coalition forces during the current year.

Abu Raghif explained that Iraq has now taken an advanced position in the field of exchanging intelligence information with European and Western countries, which enhances international security and thwarts attempts by terrorist organizations to carry out attacks in those countries.

Visit Prague: Strategic Partnerships and Economic Prospects

Al-Sudani's participation in the Munich Forum coincided with his visit to the capital, Prague, where he signed strategic agreements with the Czech government to enhance bilateral cooperation in the fields of economy, security and culture. Independent politician Dr. Aid Al-Hilali considered that these agreements represent a strong desire on the part of Iraq to strengthen its international partnerships, which contributes to supporting the national economy and developing security capabilities through the exchange of expertise and technology.

Al-Hilali also pointed out that Iraq benefits from the experiences of European countries in the fields of security and defense, which enhances its capabilities in facing security and regional challenges.0

Iraq's role in regional stability

During his participation in the Munich Forum, Al-Sudani discussed regional and international security issues, including counter-terrorism, border security, and human rights. Observers stressed that Iraq plays a pivotal role in the stability of the Middle East region, and that its active presence in such forums enhances its international standing and gains it greater support to confront security and economic challenges.

Attracting investments and boosting the economy

On the other hand, political analyst Dr. Talib Mohammed Karim believed that Al-Sudani's visit to Prague and his participation in the Munich Forum reflect the Iraqi government's orientation towards attracting foreign investments, especially in the infrastructure and energy sectors. He explained that these visits open new horizons for economic cooperation and enhance Iraq's position as an active party in the international arena.

Balanced Iraqi Policy Towards Stronger Relations

Al-Sudani’s recent visits show a clear trend towards strengthening Iraq’s international standing by adopting a balanced diplomatic policy based on strategic partnerships and security and economic cooperation. It seems that the Iraqi government seeks to exploit these opportunities to enhance the country’s stability and achieve sustainable economic growth.

With these steps, Iraq is affirming its growing regional and international role, paving the way for more international partnerships and economic opportunities in the near future. link

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Tishwash:  Nechirvan Barzani reveals the content of his meeting with the US Secretary of State in Munich

The President of the Kurdistan Region, Nechirvan Barzani, revealed the contents of the meeting that brought him together with the new US Secretary of State, Marco Rubio, on the sidelines of participating in the Munich Security and Peace Conference, indicating that Iraq confirmed its position of its desire to play an active role in ensuring the security and stability of the region, as well as discussing files related to Syria.

This is the first meeting between Nechirvan Barzani and the foreign policy official in the Donald Trump administration in his second term as US president, and he is the only Iraqi official who met with him at the summit.

Nechirvan Barzani said in a press conference held today, Sunday, from Munich: "We held a good meeting with the American minister, as you know he started his work a short time ago, and we talked about common files between Iraq and America."

He added, "We stressed that Iraq wants to be an effective factor in achieving security and stability in the region," and its readiness to enhance cooperation to achieve security and stability.

“Syria was the focus of all the meetings we held, and we discussed the developments taking place there,” he said, explaining the Kurdistan Region’s position on the changes taking place in the neighboring country, saying: “As everyone knows, the ongoing transformation in Syria is a source of joy and welcome,” adding: “We hope that the transitional Syrian government will be able to involve all components in the new political process. The Kurdistan Region hopes that security and stability will prevail in Syria and that the Syrians will enjoy a good life.”

He added, "We hope that Syrian President Ahmed al-Sharaa will be able to achieve security and stability and meet all the demands and aspirations of the Syrians."

According to Nechirvan Barzani, the terrorism file and the fight against ISIS were a major focus of his discussions with the American official and all the officials he met at the World Summit in Germany. He stressed that “we still see ISIS as a threat to the Kurdistan Region, Iraq and even Syria, and we praised the support provided by the international coalition forces in fighting this organization and requested its continuation.”

Nechirvan Barzani praised the political and security situation inside Iraq, stressing that the Iraqi government has made significant progress in this regard, as it was able to overcome major threats, noting that "the biggest problem facing the government at the present time is the problem of traffic and traffic congestion," referring to the restoration of security.

 Nechirvan Barzani had stated in a blog post on his official account on the "X" website, after the meeting that brought him together with the American official on Saturday, "Secretary of State Marco Rubio and I affirmed the strong partnership between the United States and the Kurdistan Region of Iraq. We discussed ways to enhance our cooperation and deepen our shared commitment to regional stability and security," adding: "I thanked the Secretary for his continued support." link

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Tishwash:  Iraq and Germany discuss enhancing bilateral cooperation and consolidating economic partnership between the two countries

The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Mohammed Hussein Mohammed Bahr Al-Uloom, discussed with the German Ambassador, Christiane Homann, enhancing bilateral cooperation and consolidating the economic partnership between the two countries.

A statement by the Ministry of Foreign Affairs stated that Bahr Al-Uloom received the German Ambassador at the ministry's headquarters and the two sides discussed ways to enhance cooperation between Iraq and Germany, stressing the importance of consolidating the economic partnership and increasing the volume of trade exchange, in addition to intensifying mutual visits and activating existing bilateral agreements to achieve the common interests of the two friendly countries. "

The Undersecretary welcomed, according to the statement, the work of German companies in Iraq, praising the role of BAYER Chemical Industries, stressing the great potential that Germany can contribute to supporting Iraq's efforts to rehabilitate the infrastructure, especially within the framework of the "Development Road" project.

He pointed to the ongoing efforts to facilitate the work of German development agencies in Iraq, calling at the same time to cancel travel warnings to Iraq, which contributes to strengthening bilateral relations.

For her part, the German Ambassador expressed her appreciation for the level of ongoing cooperation between the two countries, praising the developments witnessed by Iraq in various fields, which reflect the efforts of the Iraqi government to enhance stability and development. "

Christiane Homann also welcomed the measures taken by Iraqi diplomatic missions abroad, especially with regard to providing facilities to Iraqi communities by activating the system for issuing and printing passports and the unified national card, stressing her country's commitment to continuing cooperation and coordination with Iraq in a way that serves common interests."

In the context of regional developments, the Foreign Undersecretary reviewed the Iraqi government's approach to dealing with current challenges, stressing the importance of adopting dialogue to spare the region the repercussions of regional tensions. "

Bahr al-Ulum also discussed, according to the statement, the developments in Syria, stressing the need to respect the will of the Syrian people in determining their political future, warning of the escalation of the activity of the terrorist organization ISIS, which calls for intensifying regional and international cooperation to confront this common threat."

At the end of the meeting, the two sides stressed the importance of intensifying diplomatic efforts to reduce regional tensions, enhance humanitarian and relief support, coordinate joint efforts in combating terrorism, and work to support a political path in Syria that ensures respect for human rights and reflects societal diversity. link

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Mot: . This never ends well for the men! 

Mot: ..... I Say!! I Say!! Are We There Yet????

MilitiaMan & Crew-Iraq Dinar News-Praised by the EU-Central Bank-UST-US Fed-UST Sanctions-Correspondent Banks

MilitiaMan & Crew-Iraq Dinar News-Praised by the EU-Central Bank-UST-US Fed-UST Sanctions-Correspondent Banks

2-16-2025

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

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

https://www.youtube.com/watch?v=J8Vtao6Yhqc

Iraq Economic News and Points to Ponder Sunday Afternoon 2-16-25

US Praises Iraqi Financial Sector Reform Measures 

February 16, 2025   Baghdad - Ibtihal Al Arabi  The meeting of the Central Bank of Iraq with the American side and international auditing companies resulted in positive results, denying that some Iraqi banks were subject to international sanctions. A statement received by Al-Zaman yesterday said that (the first quarterly meetings of the current year, with the US Treasury Department and the US Federal Reserve Bank,

which were held in the United Arab Emirates with the participation of international auditing and consulting companies, were crowned with praise for the steps taken by the bank and the government in reforming the banking sector),

and continued that (the most important of these reforms is the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar),

appreciating (the qualitative shift in foreign transfer operations and the steps taken by the Central Bank to address the risks resulting from these operations, which have now risen to the levels of transfer operations carried out by international banks),

and pointed out that (the consulting companies reviewed the plans to reform the government and private banking sector and upgrade them in a manner consistent with international standards and facilitating the involvement of Iraqi banks in the network of financial relations internationally),

and the statement went on to say that (the operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the Iraqi banking sector,

and we emphasize the need to ensure the adoption of official channels for this The bank to know the latest news and not to transmit incorrect information such as some Iraqi banks being subject to international sanctions and others).

An economic expert revealed that 34 out of 44 banks are now under US sanctions, which constitutes a major crisis in the local banking sector.

The expert, Munir Al-Obaidi, explained in a statement received by (Al-Zaman) yesterday that (34 out of 44 banks are now under US sanctions, which constitutes a major crisis in the local banking sector), adding (the remaining 10 banks are distributed as follows: five of them have foreign capital, two are affiliated with the Kurdistan Region, and only three banks remain entirely Iraqi).

Meanwhile, the Central Bank of Iraq gave banks operating in the country that do not have an account in a bank that deals directly with the American bank, JP Morgan, a deadline of June to settle their electronic payments, threatening to stop them if they do not comply with the decision.

Mustafa Hantoush, a researcher in economic and banking affairs, said in a statement yesterday that (if this decision is implemented, it will lead to limiting the dealings of electronic payment companies in Iraq to Jordanian and Gulf banks, which currently dominate the currency auction with the support of the Central Bank of Iraq),

noting that (electronic payment companies will be forced to open accounts in banks that have dealings with JP Morgan and Citibank, in exchange for closing their accounts in Iraqi banks, whether they are sanctioned or not, which may affect the local banking sector), and Hantoush renewed his call to (reconsider the standards of the Central Bank of Iraq related to building local banks),

stressing (the need to strengthen and develop them to face the challenges resulting from these decisions), and he continued that (so far, the bank’s management has not issued any official statement confirming or denying the validity of this news, which leaves the door open to speculation about the impact of the decision on the banking system in Iraq and its relationship with international banks). LINK

After Meeting With The US Federal Reserve, The Central Bank Denies That Iraqi Banks Are Subject To Sanctions

Economy |- 02/16/2025  Baghdad - Mawazine:  The Central Bank of Iraq denied the existence of international sanctions on some Iraqi banks, after media outlets circulated news about sanctions that included dozens of banks in the country.

The Central Bank stated in a statement received by "Mawazine", a copy of it, that "it announced the end of the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve Bank,

which were held in Dubai / United Arab Emirates with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), and the meetings culminated in praise for the steps taken by the Central Bank of Iraq and the Iraqi government in reforming the banking sector,

 the most important of which were: the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar,

 in addition to the qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks resulting from these operations, which have now risen to the levels of transfer operations carried out by international banks.

The statement confirmed that the consulting firms (EY and Oliver Wyman) reviewed the plans to reform the government and private banking sector and upgrade them in line with international standards and to facilitate the involvement of Iraqi banks in the network of financial relations internationally."

The statement added: "Since the operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the Iraqi banking sector, we stress the need to ensure that the official channels of this bank are adopted to know the latest news and not to transmit incorrect news such as some Iraqi banks being subject to international sanctions and others." tps://www.mawazin.net/Details.aspx?jimare=259609

New US Sanctions Shake Iraqi Banking Sector, Ban Use Of Payment Cards Abroad

02/16/2025  Mawazine News – Economy  Iraqi government sources reported on Sunday that Baghdad received an official notification from the US Treasury Department imposing sanctions on five Iraqi banks, in addition to a number of exchange companies, due to their involvement in illegal money transfers inside and outside Iraq, and smuggling dollars to banned entities, most notably the Islamic Republic of Iran.

According to the US notification, the sanctions will not stop there, as the work of other banks is being closely monitored and may face similar measures in the near future.

The new US decision also included imposing a comprehensive ban on the use of Iraqi electronic payment cards outside the country during the next two months, in a move aimed at preventing currency smuggling after suspicious financial movements were monitored by a specialized US team. It is

noteworthy that the US Treasury Department had previously imposed sanctions on 14 Iraqi banks in July 2023, and prevented four other banks from accessing the dollar in November of the same year, and imposed strict restrictions on money transfers in cooperation with the Central Bank of Iraq.

These measures come within the framework of an escalating US policy to control financial transactions in Iraq, amid fears of continued money laundering and currency smuggling, which imposes additional challenges on the Iraqi banking sector and its financial stability.  https://www.mawazin.net/Details.aspx?jimare=259611

The Central Bank Of Iraq Announces Positive Results From Its Quarterly Meetings With The American Side

 02/16/2025   Mawazine News – Economy  The Central Bank of Iraq announced, on Sunday, that its quarterly meetings with the American side and international auditing companies had yielded positive results, denying that some Iraqi banks were subject to international sanctions.

The bank said in a statement received by "Mawazine News" that the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in the United Arab Emirates with the participation of international auditing and consulting companies (EY, K2 Integrity, and Oliver Wyman), were crowned with praise for the steps taken by the Central Bank of Iraq and the Iraqi government to reform the banking sector.

He indicated that the most important of these reforms are:

1- The development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar.

2- The qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks arising from these operations, which have now risen to the levels of transfer operations carried out by international banks.

3- The consulting firms (EY and Oliver Wyman) reviewed the plans to reform and upgrade the public and private banking sectors in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network.

The bank said: "Since the operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the Iraqi banking sector, we emphasize the need to ensure the adoption of the official channels of this bank to know the latest news and not to transmit incorrect news such as the exposure of some Iraqi banks to international sanctions and others." https://www.mawazin.net/Details.aspx?jimare=259614

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

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-16-25

Good Afternoon Dinar Recaps,

SEPARATION OF POWERS IS ON TRIAL IN THE US

WASHINGTON, Feb 14 - Donald Trump has put the constitutional separation of powers in the United States on trial. Federal judges have for now blocked many of his administration’s early moves, from ending birthright citizenship to removing health and science websites, setting up a larger battle at the Supreme Court.

Threats from the president and his allies to ignore adverse judicial rulings risk a historic rupture in American governance and law.

Since taking office last month, the White House has attempted to freeze $3 trillion in government loans and grants, shut down entire agencies like the Consumer Financial Protection Bureau, and fired Senate-confirmed officials whose terms have not expired, without cause.

Previous Republican administrations, including Trump’s first, wanted to achieve similar goals. But they did not attempt the president’s current strategy because it flatly contradicts the U.S. Constitution and the text of existing statute.

Congress controls federal appropriations, and the 1974 Impoundment Control Act strictly delineates the executive’s role in disbursing those funds. Officials have virtually no discretion to block payments.

The Supreme Court may yet give the commander-in-chief his way. The court’s nine justices, three of whom were appointed by Trump, have already expanded executive powers. They could choose to further tilt the balance in favor of the president, effectively weakening Congress. 

Some conservatives on the court favor overturning a 1935 ruling, opens new tab that limits the president’s ability to fire a Senate-confirmed official. Trump is challenging that by removing minority-party commissioners on the National Labor Relations Board, among others. A ruling in his favor might make it easier to target bigger fish, like the Federal Reserve chair.

A more immediate danger is that the Trump administration undermines legal judgments. When federal courts blocked the funding freeze and restricted access to sensitive payment systems for lieutenants of Elon Musk, the Tesla boss called the judge “corrupt” and the White House said judges were “abusing their authority.”

The American Bar Association, opens new tab on Monday condemned the “wide-scale affronts to the rule of law itself”. At other times, Trump has said he will comply with court orders.

The true crisis would be if Trump decides to ignore court rulings and congressional mandates.

That’s no far-fetched scenario: administration officials have sought to find ways around an edict to unblock all frozen grants, opens new tab to government contractors and non-profit organizations, ProPublica reported.

Meanwhile, Trump this week instructed the Department of Justice to stop enforcing the Foreign Corrupt Practices Act, which punishes Americans who bribe officials overseas.

Laws are meaningless, and ultimately unenforceable, if those in power choose to ignore them. An unaccountable executive branch combined with neutered judicial and legislative branches would hobble companies, organizations, nations, and individuals who depend on the promises of the federal government, as well as the open markets and society that are the bedrock of U.S. stability and prosperity.

@ Newshounds News™

Source:  Reuters

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PICMUSK WANTS RON PAUL TO AUDIT THE FED -  Video- 9 min

@ Newshounds News™

Source:  The Hill

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JUST IN: 🇺🇸 Senator Rand Paul calls on Elon Musk's DOGE to audit US gold reserves at Fort Knox to ensure it's still there.

@ Newshounds News™

Source:  Watcher Guru

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The following message in our Telegram Living Room on Valentine's Day:

"Hello happy valentine 💘 I will have great news Tuesday (February 18th) and will post in my room , things are developing and will have a confirmation by then, blessings ."

Join Isaac's Telegram room -  Link

Isaac on our Website Link 

@ Newshounds News™

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The State of Sound Money in the US

The State of Sound Money in the US

Arcadia Economics:  2-15-2025

The dollar’s dominance as the world’s reserve currency has been a cornerstone of the global financial system for decades. However, with rising inflation, increasing national debt, and unconventional monetary policies emanating from the Federal Reserve, many are questioning the long-term stability and value of fiat currency.

This growing unease is fueling a resurgence of interest in gold and silver, metals historically recognized as “sound money,” and driving a quiet but potentially significant movement at the state level.

The core principle of sound money revolves around its inherent value and limited supply, characteristics that protect against the arbitrary dilution and manipulation often associated with government-backed fiat currencies.

 Gold and silver, with their intrinsic value and relative scarcity, have traditionally served as a reliable store of wealth and a hedge against economic uncertainty.

Given the current economic climate, it’s no surprise that individuals are increasingly seeking refuge in these precious metals. The Federal Reserve’s quantitative easing programs, coupled with government spending sprees, have demonstrably devalued the dollar, eroding purchasing power and sparking concerns about the future. In this context, gold and silver offer a tangible alternative, a safe haven against the perceived erosion of value within the traditional financial system.

These state-level initiatives, while often facing resistance from established financial interests, represent a growing frustration with the status quo and a desire for greater financial stability and individual economic sovereignty.

They reflect a belief that relying solely on the dollar, printed at will by the Federal Reserve, carries significant risks, and that diversifying into sound money alternatives like gold and silver offers a prudent strategy for wealth preservation.

The road ahead remains uncertain. Overcoming entrenched interests and navigating complex regulatory hurdles will be a significant challenge.

 However, the combination of individual demand for sound money and the growing momentum at the state level suggests that the gold and silver revolution is more than just a fleeting trend.

It represents a fundamental questioning of the existing financial system and a search for a more stable and reliable foundation for economic prosperity.

 As the government and Federal Reserve continue to raise concerns about the dollar’s future, the movement towards sound money, driven by both individual action and legislative reform, is poised to gain further traction and reshape the economic landscape in the years to come.

Watch the video below from Arcadia Economics featuring David Morgan for further insights and information.

https://youtu.be/0Fepwiq-_Q4

Seeds of Wisdom RV and Economic Updates Sunday Morning 2-16-25

Good Morning Dinar Recaps,

IRS WILL LAY OFF THOUSANDS OF PROBATIONARY WORKERS IN THE MIDDLE OF TAX SEASON

WASHINGTON (AP) — The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could happen as soon as next week.

This comes as the Trump administration intensified sweeping efforts to shrink the size of the federal workforce, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection.

It’s unclear how many IRS workers will be affected.

Previously, the administration announced a plan to offer buyouts to almost all federal employees through a “deferred resignation program” to quickly reduce the government workforce. The program deadline was Feb. 6, and administration officials said employees who accept will be able to stop working while still collecting a paycheck until Sept. 30.

However, IRS employees involved in the 2025 tax season were told they will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline, according to a letter sent recently to IRS employees.

It is unclear how many workers will be impacted by the layoff announcement plan. Representatives from the U.S. Treasury and IRS did not respond to Associated Press requests for comment.

Jan. 27 was the official start date of the 2025 tax season, and the IRS expects more than 140 million tax returns to be filed by the April 15 deadline. 

The Biden administration invested heavily in the IRS through an $80 billion infusion of funds in Democrats’ Inflation Reduction Act, which included plans to hire tens of thousands of new employees to help with customer service and enforcement as well as new technology to update the tax collection agency.

Republicans have been successful at clawing back that money, and billionaire Elon Musk and his Department of Government Efficiency have called for the U.S. to “delete entire agencies” from the federal government as part of his to radically cut spending and restructure its priorities.

Elected officials are trying to fight against DOGE plans. Attorneys general from 14 states challenged the authority to access sensitive government data and exercise “virtually unchecked power” in a lawsuit filed Thursday.

The lawsuit, filed in federal court in Washington, says the actions taken by Musk at the helm of DOGE can only be taken by a nominated and Senate-confirmed official. It cites constitutional provisions that delineate the powers of Congress and the president.

@ Newshounds News™

Source:  AP News

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XRP NEWS: MAJOR RIPPLE DEVELOPMENTS AND GLOBAL PARTNERSHIPS UNVEILED

▪️XRP surges as SEC acknowledges ETF filings, fueling speculation of a Ripple lawsuit resolution and massive market breakout!

▪️Ripple expands globally with major partnerships, rebrands focus on Web3, and boosts XRP adoption—biggest breakout ahead?

Under new SEC leadership, excitement is building around XRP as crypto exchange Bitrue hints at major developments. In a recent post on X, Bitrue urged the community to pay close attention, suggesting that something big is brewing.

The message quickly gained traction, sparking speculation about what’s driving the surge in XRP’s price and market activity. Investors are now eagerly watching for the next big move, as XRP continues to capture attention with a string of major events.

XRP ETF Frenzy Takes Over

One of the biggest drivers behind the excitement is the SEC’s unexpected attention to XRP ETF filings. On Thursday, the SEC officially recognized Grayscale’s XRP ETF application, triggering a strong 12% price rally, making XRP the best performer among the top ten cryptos.

 The momentum didn’t stop there. The very next day, the SEC acknowledged another XRP ETF filing—this time from 21Shares—pushing XRP’s weekly gains to an impressive 17%.

The market response has been electric, with traders now eyeing the possibility of XRP reclaiming its all-time high of $3. The shift in the SEC’s stance is surprising, given its history of rejecting altcoin ETFs.

Is the Ripple Lawsuit Nearing Its End?

The ETF news has fueled speculation that the SEC might soon settle its long-running lawsuit against Ripple. Many believe that the shift in regulatory behavior—especially under acting chairman Mark Uyeda—could pave the way for a resolution.

Ripple’s New Look and a Change in Strategy?

In the meanwhile, Ripple has also done some major transformation, rebranding its website to focus on its vision of the “Internet of Value.” The refreshed site highlights its work in cross-border payments, digital asset custody, and stablecoins like Ripple USD (RLUSD). However, one notable change stands out—Ripple has removed all references to Central Bank Digital Currencies (CBDCs).

This move is giving positive vibes to the market with changing U.S. regulations on cards. Alongside the rebrand, Ripple has also emphasized its $600 million investment in Web3 and its more than 70 direct investments, shows its commitment to driving the next phase of crypto adoption.

XRP Expands Through Major Partnerships

Ripple is continuing its push for global adoption, forming new partnerships that strengthen XRP’s position in the market. One of the biggest recent moves was its collaboration with Portugal’s largest currency exchange, signaling its expanding footprint in Europe.

In Japan, SBI Remit has also expanded its international money transfer services in partnership with SBI Shinsei Bank. The key takeaway here is that SBI Remit is already using XRP for cross-border transactions, highlighting its growing role in the global remittance space.

Institutional interest in XRP is growing, with Japanese energy company Remixpoint making a major move. The company recently purchased $3.9 million worth of XRP and Dogecoin as part of its expanding crypto reserves.

While one user said this is just half the things on the horizon.

With new changes on the cards, XRP could be on track for one of its biggest breakouts yet. The big question now is whether it can ride this wave back to its all-time high and beyond.

@ Newshounds News™

Source:  Coinpedia

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@ Newshounds News™

Source:  FRB Services 

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

News, Rumors and Opinions Sunday AM 2-16-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 16 Feb. 2025

Compiled Sun. 16 Feb. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth

Tues. 11 Feb. 2024: A military Intel contact said they (allegedly) released everything for the Global Currency Reset at 3pm PDT on Tues. 11 Feb. 2025 to start the shotgun release of liquidity & notifications over next 72 hours for the lower levels / tiers including Tier4B. …Carolyn Bessette Kennedy on Telegram

Wed. 12 Feb. Funding (allegedly) released to Bond Holder accounts. Banks could no longer see or have access to individual bank accounts. Some private groups were paid out on Wed. 12 Feb, while others will be paid on Thurs. 13 Feb. …Bruce

On Thurs. 13 Feb. Nesara funds(allegedly)  started going out. Redemption Center leaders went into work at 10am on Thurs. 13 Feb.…Bruce

Fri. 14 Feb. 2025: Tier 1 and Tier 2 have (allegedly) been paid, I was just told.  …Mike Berra

Fri. 14 Feb. 2025: I’ve been told my platform (that has currency and bond holders in it) started today Fri. 14 Feb. and will start payments on Tues. 18 Feb. I expect currency notifications around same time. …JR Truth

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Sat. 15 Feb. 2025 DOGE Audit:

Fri. 14 Feb. 2025: Trump Announces DOGE’s Latest Bombshell Revelation: ‘Give Back The Money, Now!’ The Department of Government Efficiency (DOGE) was doing a widespread probe into the inner workings of the federal budget, much of which has been laid bare by leader Elon Musk over the past few weeks.

Sat. 15 Feb. 2025: A federal judge has just sided with Elon Musk and DOGE, allowing them access to the government information system!

Sat. 15 Feb. 2025: President Trump Ordered DOGE To Raid The IRS– Top Agents Already Reported To Be In The Building.

Sat. 15 Feb. 2025: As a direct result of DOGE audits 75,000 federal employees accepted President Trump’s buyout; 19,700 USAID employees will be let off, 1,300 CDC workers fired and the IRS will be cutting their workforce by 10%. Washington DC will soon be a ghost town with the thousands of homes there and in the surrounding area for sale.

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Global Financial Crisis:

Fri. 14 Feb. 2025: WARNING: BANKS ARE SHUTTING DOWN ACROSS 24 STATES – MASS CLOSURES UNDERWAY – amg-news.com – American Media Group

Fri. 14 Feb. 2025: BOOM!!! The Quantum Financial System Reigns Supreme: The National Quantum Initiative Act and GESARA NESARA Will Eradicate Financial Tyranny and Unite the World! VIDEO – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2025/02/16/restored-republic-via-a-gcr-update-as-of-february-16-2025/

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

MarkZ   [via PDK]  Question:  Mark, do you think it’s possible the dinar will be on forex Monday Feb 17th-Presidents day? MarkZ:  I think it’s highly possible. I have multiple confirmations of bond commissions being paid in the last 24 hours on historic bonds… I am very excited but do not know what it means for our timing…yet. But this is money going to people I
know. People I know have money… I am very excited... a number of contacts now have spendable dollars...this has never happened before. This is brand new and gives me great hope. Question:   so once bonds are paid it’s our turn?  MarkZ:  Yes then it’s our turn.

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says, for what it is worth, now at this point, it will come out $3.50 to $3.80 and probably be a managed float. Meaning  10% growth daily.  Thinking out loud...it won't go much over four bucks...before settling back just ahead of Kuwait dinar...I could  be 100% wrong but I have a gut feeling. FRANK:  I think the reason why you have a gut feeling is because you have been allowed to attend some of the meetings that you cannot talk about...Concerning the new exchange rate...it can be anything from $0.50 to a  $1.00 or just over a dollar.  But I will admit, your...opinion that it may come out at three and above is logical because this is a  reinstatement...and it should start where it left off at $3.22.  

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‘Insiders’ Know the Plan Is in Motion – This Will Blow Up the Gold Price | Andy Schectman

Kitco News: 2-14-2025

Gold is making major moves, and behind the scenes, the system is shifting.

Is the U.S. preparing to revalue gold to tackle its $36 trillion debt crisis? Are we seeing the biggest gold repatriation in history? And why is gold flowing from London to the U.S. at record levels?

Andy Schectman, President of Miles Franklin Precious Metals, breaks down the gold revaluation rumors, BRICS’ gold-backed settlement plans, China’s aggressive gold buying, and the stress signals in the paper gold markets that could change everything.

Key Points:

Gold revaluation: Is the U.S. about to mark gold to market?

Why is gold moving from London to the U.S.?

BRICS and the global move toward a gold-backed system

China’s accelerating gold accumulation—what’s their endgame?

Paper gold market stress—could a COMEX default be next?

Will gold finally break out—or will governments intervene?

00:00 Introduction

01:10 Gold Revaluation Explained

02:29 Expert Insights with Andy Schechtman

 04:32 Global Gold Market Dynamics

 10:52 Repatriation and Accumulation of Gold

28:13 Paper Gold System Breakdown

31:39 Bank Failures and Gold Revaluation

 32:33 Global Gold Demand and Supply Issues

 33:59 China and BRICS Nations' Gold Strategies

42:32 US Debt Crisis and Gold Revaluation

47:30 Gold as a Safe Haven Investment

 48:07 Future of Gold Prices 59:06 Conclusion

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

“Tidbits from TNT” Sunday Morning 2-16-2025

TNT:

Tishwash:  Central Bank announces details of its meetings with the Treasury and the Federal Reserve

The Central Bank announced the end of the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai / United Arab Emirates with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman). The meetings culminated in praise for the steps taken by the Central Bank of Iraq and the Iraqi government in reforming the banking sector, the most important of which were:

The development of the US dollar cash distribution system in Iraq, which they considered the most controlled and monitored system in the world, which limits manipulation and smuggling of the US dollar.

The qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks arising from these operations, which have now risen to the levels of transfer operations carried out by international banks.

The consulting firms (EY and Oliver Wyman) reviewed the plans to reform and upgrade the public and private banking sectors in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network.

Since the operations carried out by banks operating in Iraq depend largely on the trust of international correspondent banks in the Iraqi banking sector, we emphasize the need to ensure that the official channels of this bank are adopted to know the latest news and not to transmit incorrect news such as some Iraqi banks being subject to international sanctions and others.

Central Bank of Iraq
Media Office
February 16, 2025  link

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Tishwash:  Al-Sudani discusses with Airbus aircraft company modernizing the air fleet

Prime Minister Mohammed Shia Al-Sudani confirmed to Airbus today, Saturday, the acceleration of the implementation of the contract to equip Iraq with combat helicopters .

Al-Sudani's media office stated in a statement received by "Mil" that "the latter received, at his residence in Munich, the Executive Vice President of Airbus Helicopters, Stefan Thomme, and during the meeting, discussions were held on developing joint cooperation in the fields of training, maintenance and modernization of the air fleet, in light of the bilateral contract to equip Iraq with combat helicopters, with an emphasis on accelerating the procedures for implementing the terms of the contract ."

According to the statement, Al-Sudani stressed "the government's keenness and efforts to cooperate and partner with reputable international companies, and to provide all the necessary facilities to provide the appropriate ground for their work in Iraq ."  link

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Tishwash:  Al-Sudani discusses with an American senator enhancing cooperation between Iraq and the United States

Prime Minister Mohammed Shia Al-Sudani discussed, today, Saturday, with an American senator enhancing cooperation between Iraq and the United States .

A statement from Al-Sudani's office, received by "Mil", stated that the latter "received at his residence in Munich, the US Senator from the Democratic Party, Senator Elissa Slotkin."

The statement added, "The meeting discussed relations and ways to enhance cooperation between Iraq and the United States, in various fields in light of the joint agreements and understandings, for a long-term strategic relationship that serves the interests of both parties ."

For her part, Senator Slotkin affirmed "her country's support for Iraq, its aspirations, and its positions aimed at achieving security and stability in the region, in a way that secures the interests of the countries of the region and enhances sustainable stability ." link

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Tishwash:  Advisor to the Prime Minister: The principle of partnership with the private sector will strengthen the digital bond in its best form

Advisor to the Prime Minister for Financial Affairs, Mazhar Mohammed Saleh, confirmed today, Sunday, that the principle of partnership between the state and the private sector will strengthen the digital bond in its best form, indicating that digital industrial licenses facilitate obtaining industrial investment licenses through electronic platforms, and he stressed that entering into electronic governance will provide a high level of disclosure and transparency and a high level of information for the flow of trademarks.

Saleh said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the Iraqi government seeks, according to the government program, to transform the processes of registering trademarks through digital platforms that facilitate the registration and protection of their trademarks for merchants and industrialists according to high governance and speed, in addition to digital industrial licenses that lead to facilitating the obtaining of industrial investment licenses through electronic platforms."

He added, "Industrial analysis and data services are a mechanism for providing industrial data and statistics via digital systems to facilitate decision-making related to the industry, as well as digital training and consulting, development and capacity building, such as organizing training courses on digital transformation tools and participating in online consulting programs at the same time."

Saleh explained that "entering into e-governance will provide a high level of disclosure and transparency and a high level of information for the flow of important brands that are consistent with the development of industrial development activity in the country, and interaction with technology sources in the world reflected by brands of global companies that are important in technological development," noting that "this in turn leads to accelerating the encouragement of research and development projects to enhance national industrial innovation in a renewed digital industrial age for Iraq."

He stressed that "the principle of partnership between the state and the private sector will strengthen the digital bond in its best form," explaining that "the objectives of the private sector development strategy also aim to have its contribution to the gross domestic product reach approximately 53 percent within a decade instead of its current status of 37 percent through diversifying investment in fields with industry at the forefront to generate diverse national production, which will lead to accelerating the reduction of unemployment to one decimal place and making it at the natural limit and not exceeding 4 percent of the total workforce."

He pointed out that "the industrial cities that will be built on the development path will represent the highest types of industrial modernization by taking advantage of the digital platforms that are being built for this purpose to accelerate obtaining the relevant industrial and commercial licenses." link

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Mot: .... Ever Have un of Those ""So Much to Do"" Moments!!

Mot: . Making Good Decisions is Key!!! 

Iraq Economic News and Points to Ponder Saturday Afternoon 2-15-25

Central Bank Records Highest Dollar Sales In A Week

2/15/2025  Mawazine News – Economy  The Central Bank of Iraq announced today, Saturday, its total sales of the US dollar during the past week, which amounted to 1 billion, 468 million, 598 thousand, and 897 dollars, through the auction that was held over 5 days last week.

The daily average of sales amounted to 293 million, 719 thousand, and 775 dollars, down from the previous weekly average of 296 million, 736 thousand, and 787 dollars.

Monday of last week recorded the highest sales of the dollar, reaching 301 million, 529 thousand, and 539 dollars, while Wednesday recorded the lowest sales, amounting to 286 million, 48 thousand, and 422 dollars.

Foreign remittance sales during the past week amounted to 1 billion, 393 million, 348 thousand, and 397 dollars, while cash sales were 75 million and 250 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=259575

The Dollar Exchange Rate Decreased In The Iraqi Markets

02/15/2025  Mawazine News - Economy  The US dollar prices witnessed a decrease today, Saturday, in the markets of the capital Baghdad, and in Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar prices decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 150,150 dinars for every 100 dollars, while the prices were 150,300 dinars for every 100 dollars this morning.

As for the selling prices in exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 151,000 dinars for every 100 dollars, while the purchase price reached 149,000 dinars for every 100 dollars.

As for Erbil, the dollar also recorded a decrease, as the selling price reached 150,100 dinars for every 100 dollars, while the purchase price reached 150,000 dinars for every 100 dollars https://www.mawazin.net/Details.aspx?jimare=259582

Prime Minister And US Senator Discuss Cooperation Between Iraq And The United States

Political | 04:22 - 02/15/2025   Mawazine News – Baghdad  Prime Minister Mohammed Shia al-Sudani discussed today, Saturday, with US Senator Elissa Slotkin cooperation between Iraq and the United States.

The Prime Minister's media office said in a statement received by "Mawazine News": "Prime Minister Mohammed Shia al-Sudani received at his residence in Munich, US Senator from the Democratic Party, Senator Elissa Slotkin."

He added that "during the meeting, they discussed relations and ways to enhance cooperation between Iraq and the United States in various fields in light of the joint agreements and understandings, for a long-term strategic relationship that serves the interests of both parties."

For her part, Senator Slotkin affirmed - according to the statement - her country's support for "Iraq, its aspirations, and its positions aimed at achieving security and stability in the region, in a way that secures the interests of the countries of the region and enhances sustainable stability." https://www.mawazin.net/Details.aspx?jimare=259580

Two Trillion Dinars Iraqi Loss In Wheat Sales

February 15, 2025  Two trillion dinars lost from wheat sales and parallel banks threaten the economy
Baghdad - Qusay Munther  An economic expert confirmed that the government's loss from selling wheat crops to private mills amounted to two trillion dinars. He pointed out that this loss, which some describe as support for farmers, is not in line with clear economic goals such as reducing imports and increasing local production.

Expert Manar Al-Obaidi said in a statement received by Al-Zaman yesterday that (the government bought wheat from farmers at a price of 850 thousand dinars per ton, then sold it to mills at a price of 450 thousand dinars per ton, which resulted in a loss of 400 thousand dinars per ton), adding that (if 5 million tons were purchased, the total loss for the state would be two trillion dinars),

Al-Obaidi explained that (some consider this loss to be support for farmers, but if the support is real, why have we not seen an increase in the contribution of the agricultural sector to the GDP, and the state is still importing large quantities of wheat and flour from countries such as Turkey, America and Australia?),

Al-Obaidi wondered (why do poverty levels remain high in rural areas that produce wheat, and specific goals for this support are not achieved, such as reducing flour imports, increasing local food production, and providing job opportunities, instead of the money paid to support wheat going to other markets across the border),

Al-Obaidi went on to say that (the parallel banking system in Iraq is one of the most prominent economic challenges that affect the stability of the financial system, as it consists of institutions Financial institutions operate outside the framework of official supervision,

but provide services similar to official banks such as lending, money transfers and receiving deposits), and he pointed out that (these institutions have emerged gradually over the past twenty years, as a result of the absence of effective supervision and the increasing demand from small and medium enterprises that constitute about 84 percent of the informal economy),

and Al-Abidi explained that (this system enhances the shadow economy and increases the difficulty of monitoring the movement of money, which exposes the economy to illegal practices such as tax evasion and money laundering),

calling for (the need to adopt firm solutions to close the gap between the official and informal banking systems, such as regulating the work of informal financial institutions and providing incentives to encourage small enterprises to join the formal sector.

He added that the optimal solution in some cases may be to completely close these unlicensed institutions to ensure the protection of the economy from risks). Meanwhile, the Ministry of Commerce intends to launch a new batch of the food basket before the advent of Ramadan, stressing the continuation of its supervisory teams in monitoring the markets to ensure price stability and protect citizens' purchasing power.

The ministry’s spokesman, Mohammed Hanoun, said in a statement yesterday that “the ministry has set next Thursday as the date for distributing the food basket items, which will contribute greatly to stabilizing food prices in local markets during the month of Ramadan.”

He added that “the food basket has contributed to providing food security for citizens, as Iraq is one of the food-stable countries in the region and the world,” noting that “the food basket has helped poor families and families below the poverty line to obtain the food they need, and has worked to a large extent to stabilize food prices in local markets during the period of preparation for the holy month.”

He stressed that “trade anticipated the arrival of the month of Ramadan with a set of measures, through which it supported the stability of food prices locally, including the process of monitoring and auditing local market prices in coordination with National Security and the Organized Crime Department in the Ministry of Interior.”  LINK

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-15-25

Good Afternoon Dinar Recaps,

AI DEVELOPMENT WILL LEAD TO WIDER STABLECOIN ADOPTION

As crypto continues to make headlines at the individual state level as well as the federal level, the race between crypto and AI for most mentions in financial media continues to volley back and forth depending on the week in question.

Recently the spat between Elon Musk and Sam Altman made additional headlines as the two tech titans feuded publicly regarding the future of OpenAI, headlines connected to the potential investment into OpenAI by Softbank, as well as the idea of a purchase (to be led by Musk) of OpenAI for approximately $100 billion.

Crypto has also generated significant headlines in recent days, as Federal Reserve Chairman Jerome Powell (seemingly) backtracked on previous statements and actions related to crypto banking opportunities in testimony to Congressional leaders.

At the same time, even more states have begun the process of introducing legislation to allow direct investment into bitcoin and other digital assets, with Wyoming continuing to forge ahead with efforts to issue a dollar-backed stable token maintaining positive momentum.

Even as bitcoin and the concept of a digital asset stockpile move forward, stablecoins are also accelerating in terms of market capitalization, usage, and the education of policymakers and potential users alike.

In the midst of these market headlines, it would be easy to overlook a simple yet powerful truth about the future of AI, crypto, and how these industries will continue to evolve and influence each other over time. Let’s take a look at how (and why) stablecoins will play a critical role in the further development and integration of AI across businesses in the near to medium term.

Stablecoins Will Power Payments

As the adoption and understanding of the benefits of tokenized payments become better understood the appetite and investment into stablecoin payments has continued to increase.

Privately issued stablecoins, by non-bank entities, are worth in excess of $200 billion dollars with the volume of transactions continuing to increase. 

TradFi institutions across the globe have developed and implemented blockchain-based solutions and token-based solutions for internal clients, with PayPal, Visa, and Mastercard embracing similar trends; PayPal has even issued a native stablecoin to facilitate stablecoin transactions even further.

Bitcoin and other more volatile cryptoassets, including the much-maligned memecoin space, generate headlines, but stablecoins reflect the best of both worlds for crypto transactions. 

The speed and efficiency of tokenized transactions, when coupled with the stability of stablecoins or stable tokens, present a business case that is difficult to argue against. 

Reinforced by the prioritization of dollar-backed stablecoins in the recent executive order issued by the White House and the landscape looks primed for a dynamic year for stablecoin adoption.

@ Newshounds News™

Source:  Forbes

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BRICS STATEMENT PUSHES DE-DOLLARIZATION, DESPITE TRUMP WARNING

As geopolitical tensions rise, both the West and the global South have shown no desire to relent in their positions. Indeed, a recent BRICS statement regarding the 2025 summit has pushed further de-dollarization despite US President Donald Trump’s most recent tariff warning.

This week, Trump once again reiterated his strong message to the economic alliance. Specifically, he noted that any effort to continue trading outside of the US dollar would result in 100% tariffs on the alliance. Despite this, the BRICS 2025 chairmanship holder, Brazil, has continued to discuss the need for economic reform on a global scale.

BRICS Remain Committed to De-Dollarization as Trump’s Threats Persist

The geopolitical arena is observing a standoff that could result in an eventual trade war.

Throughout last year, Donald Trump has championed the importance of the US dollar’s status as the world’s currency. Specifically, he noted that if the greenback was no longer a global reserve asset, it would be akin to the nation losing a war.

That led him to combat the growing BRICS alliance. Specifically, he went after the group for discussions they’d had in creating an alternate trade currency for the collective.

He warned of increased import taxes that would threaten their potential to benefit the economy from the US if they did not announce they were ceasing the project.

The group would deny the single currency plan but not its efforts to diversify trade settlement currencies. Now, the two have come to a head, as a recent BRICS statement signals further de-dollarization despite Trump’s most recent tariff threats.

Brazil has been elected as the current alliance president in their rotating leadership model. Let one not forget it was Brazil and President De Lula who first championed the idea of ditching the US dollar two years ago. Conversely, in a statement on the 2025 BRICS summit, they included economic and financial reform, according to a Yahoo report.

Specifically, they are seeking reformation of the International Monetary Fund (IMF). More specifically, it is looking to bolster the BRICS New Development Bank (NDB). Known as the BRICS Bank, it has pioneered initiatives to further the use of local currencies in trade.

“US President Donald Trump has voiced anger at the proposal,” the report said. Moreover, it further creates the belief that those tariffs may well be implemented—a move that could have massive implications.

@ Newshounds News™

Source:  Watcher Guru

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CARDANO FOUNDER REVEALS HOW META, GOOGLE, & APPLE CAN REPLACE L1 NETWORKS

Cardano founder Charles Hoskinson has revealed how tech companies Meta, Google, Amazon, Microsoft and Apple could replace Layer-1 networks.

▪️Cardano founder Charles Hoskinson explained that these tech companies could replace layer-1 networks if the stablecoin bill passes.

▪️He noted that these companies are in a good position to overtake these blockchain networks since they already have more users.

▪️He predicts that these companies could go as far as creating their own layer-1 networks.

Cardano founder Charles Hoskinson has explained how the top tech companies Meta, Google, Apple, Microsoft, and Amazon could replace Layer-1 networks. According to him, these companies could easily establish their blockchain infrastructure once they achieve regulatory clarity.

@ Newshounds News™

Read more:  CoinGape   

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