Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-11-25

Good Evening Dinar Recaps,

MOMENTUM BUILDS IN WASHINGTON TO PASS STABLECOIN LEGISLATION, MARKING A 'MOMENT FOR US HERE IN CONGRESS NOW TO ACT'

▪“There is a moment for us here in Congress now to act,” said Rep. Bill Huizenga, R-Mich., during a House committee hearing on Tuesday.

▪A stablecoin bill is set to be marked up in the Senate Banking Committee on Thursday.

Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill on Tuesday. The Senate committee will also assemble in the coming days to take a vote on proposed stablecoin rules.

This is the moment for Congress to act, said Rep. Bill Huizenga, R-Mich., on Tuesday during a House Financial Services Committee hearing focused on stablecoins and central bank digital currencies. Huizenga cited the Trump administration's actions over the past few weeks, including a White House crypto summit last week.

"There is a moment for us here in Congress now to act, and as legislators, it's ultimately up to us to provide the regulatory clarity needed to ensure that the U.S. dollar remains the dominant reserve currency, and I believe stablecoins can do that," Huizenga said.

Lawmakers have legislation teed up in both the Senate and House to tackle stablecoin regulation. A handful of bipartisan legislators have been working to pass a stablecoin bill for years.

However, like all previous congressional acts to advance crypto regulation, these various attempts had stalled out. Fifty days into Donald Trump's presidency, however, Congress is seemingly making crypto a priority — including by investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."

In February, House Financial Services Committee Republican Chair French Hill, R-Ark., alongside Rep. Bryan Steil, R-Wis., released draft legislation to regulate stablecoins. That draft, called the STABLE Act, builds on work done over the years in the committee beginning in 2022.

A sticking point for a previous draft was a provision that would have allowed state regulators to approve stablecoin issuances without Federal Reserve input.

The new bill differs slightly from the previous stablecoin bill. For example, it gives the Office of the Comptroller of the Currency the authority to "approve and supervise federally qualified nonbank payment stablecoin issuers " instead of including a federal path through the Federal Reserve for "payment stablecoin issuers."

Work is also underway in the Senate. Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins called the "Guiding and Establishing National Innovation for US Stablecoins," dubbed the GENIUS Act. Though it is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.

That bill is set to be marked up in the Senate Banking Committee on Thursday.

Ron Hammond, senior director of government relations at the Blockchain Association, called all the action "Stablecoin Spring" and said Congress is set on getting a stablecoin bill across the finish line.

"The House hearing today showed most of the Democrats and all the Republicans largely supporting the measures in the STABLE Act," Hammond said in a statement to The Block.

"That same bipartisan spirit will likely be reflected in Thursday’s Senate Banking markup of the GENIUS Act. This will be set the stage for a comprehensive vote on the combined product, the STABLE GENIUS Act, sometime in the next two-to-three months.”

House hearing unfolds

In the House, lawmakers also heard from experts, including Paxos CEO Charles Cascarilla, Global Head of Digital Assets at The Bank of New York Mellon Corporation, among others, on Tuesday.

Rep. Ritchie Torres, D-N.Y., who has shown support toward crypto, compared digital assets to cars.

"The proper legislative response to the automobile is not to ban it, it's not to sabotage it, it's to regulate it," Torres said. "It's to make it safer. And as far as I'm concerned, the proper role of Congress is not to sabotage digital asset transactions, but to make them safer, to strike a careful balance between financial stability and innovation."

Some Democrats revealed hesitancy toward Republican-led stablecoin bills.

Top Democrat Rep. Waters of California criticized Trump over the launch of his memecoin and his executive order creating a strategic bitcoin reserve.

"Despite my belief that the Trump administration only wants crypto legislation that personally benefits them and protects their crypto financiers — I still hope we can work together on a bill that requires stablecoins be robustly and fairly regulated," Waters said.

The current Republican-led bill at play "strips away critical protections to shield investors from criminals," she added.

Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act during Tuesday's hearing and said it needed to be amended "vigorously."

"I read the GENIUS Act over in the Senate — I'm a little weary about anything called genius coming out of the United States Senate — but there were so many problems with that and I'm hopeful, hopefully my colleagues, Mr. Hill, and others will amend that vigorously because it had huge, huge problems," Lynch said.

@ Newshounds News™
Source:  The Block

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BRICS TRADE AGREEMENT LOOKS TO END THE PETRODOLLAR’S DOMINANCE

There is no denying that 2025 has seen tension between the West and the Global South reach a fever pitch. That is only expected to continue throughout this year, as a plethora of BRICS trade agreements look to end the petrodollar’s dominance.

The economic alliance has spearheaded efforts to increase trade settlements in local currencies. Moreover, that should continue to extend into the oil industry, which may only increase the growing geopolitical uncertainty between the United States and the bloc.

BRICS Eye an End to the Petrodollar: How Will Donald Trump Respond?

Since his 2024 presidential election win, Donald Trump has placed a clear target on the BRICS alliance. Their previous efforts to de-dollarize global markets led the President to threaten 150% tariffs on membership nations. Yet, that has not deterred its continued pursuit of US dollar alternatives in a host of sectors.

Moreover, that hasn’t limited the attractiveness of the BRICS bloc for developing nations. 

Three new nations have been invited to the bloc’s annual summit, all of which are eyeing a position in the collective. Moreover, their presence could only further efforts for BRICS to use new trade agreements to end the petrodollar’s dominance.

Due to the presence of sanctions, Russia pivoted into oil trade settlement currencies in 2022. Specifically, 78% of oil exports to fellow BRICS members China and India were in local currencies over the two years that followed. Comparatively, just 32% were settled in local currencies in 2021.

The alliance’s hopes of de-dollarizing the oil market can be clearly seen in the allies it has embraced. Since the arrival of BRICS+, it has welcomed Saudi Arabia, the United Arab Emirates (UAE), Egypt, and Iran. Those nations are some of the top oil producers in the world. Moreover, many stand to also see the petrodollar cease to hold as much dominance as it does.

If it were successful, it would be a monumental blow to the United States. The BRICS bloc holds more than 40% of the world’s oil and gas reserves Although 58% of currency reserves are still held in the greenback, it presents a key point of conflict that is building on already concerning relations between BRICS and the US.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Iraq Economic News and Points to Ponder Tuesday Afternoon 3-11-25

Al-Alaq: Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.
Economy | 01:53 - 11/03/2025  Mawazine News – Baghdad  The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.

Al-Alaq said in a statement: "The Central Bank is closely monitoring the movement of gold and currencies," noting that "part of diversification to ward off any risks is to have a percentage of gold reserves, especially in recent years, there have been continuous purchases."

He added that "Iraq today has 162 tons of gold, which is one of the highest reserves among Arab countries, and we are the fourth country in the size of the gold reserves we have." https://www.mawazin.net/Details.aspx?jimare=260122

Oil Prices Rise Slightly Despite Concerns Over Global Economic Slowdown

Tuesday 11 March 2025 | Economic Number of readings: 54   Baghdad / NINA / Oil prices rose slightly during trading on Tuesday, after reducing their previous losses, supported by the weakness of the US dollar, but gains remained limited amid continued fears of a possible economic recession in the United States, and the repercussions of customs duties on the pace of global growth.

Brent crude futures rose by 47 cents, or 0.68 percent, to record $69.75 a barrel, after witnessing a decline in early trading. "

West Texas Intermediate US crude futures rose by 42 cents, or 0.64 percent, to reach $66.45 a barrel, after declines recorded earlier in the session."

This slight rise came in conjunction with the dollar index falling to its lowest levels in four months, which contributed to supporting oil prices and making them less expensive for buyers holding other currencies. "
The two benchmark crudes recorded a 1.5 percent decline at the settlement yesterday, affected by market fears of a global economic slowdown." / End 2 https://ninanews.com/Website/News/Details?key=1191259

Dollar Continues To Decline As Iraq Stock Market Closes

11/03/2025  Mawazine News – Economy  The US dollar exchange rates witnessed a decline today, Tuesday, in the markets of the capital Baghdad, and in Erbil, the capital of the Kurdistan Region, with the closure of the main stock exchange in the country.

The dollar prices decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where the exchange rate recorded 147,800 dinars per 100 dollars, while it recorded 148,200 dinars this morning.

As for the selling prices in the local exchange markets in Baghdad, it reached 148,750 dinars per 100 dollars, while the purchase price reached 146,750 dinars per 100 dollars.

In Erbil, the markets also witnessed a decline, where the selling price reached 147,700 dinars per 100 dollars, while the purchase price reached 147,600 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=260137

Minister Of Finance Stresses Importance Of Ongoing Partnership With World Bank
Economy | 11/03/2025  Mawazine News – Baghdad  Finance Minister Taif Sami stressed, on Tuesday, the importance of the ongoing partnership with the World Bank.

The Ministry of Finance said in a statement received by "Mawazine News" that "Minister of Finance Taif Sami received the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation."

She added that "ways to enhance economic and financial cooperation between Iraq and the World Bank were discussed," noting that "a number of key topics related to enhancing financial stability in Iraq were reviewed, in addition to discussing the development projects that the two parties seek to implement with the aim of achieving sustainable development.

" The Minister of Finance stressed "the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas that include infrastructure and human development."

For his part, the World Bank representative expressed the bank's commitment "to continue supporting Iraq in achieving its development goals," noting that "the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved."
https://www.mawazin.net/Details.aspx?jimare=260129

Rashid To An American Newspaper: Iraq Is Ready To Mediate Between Washington And Tehran

Political | 05:27 - 11/03/2025  Mawazine News – Baghdad  President Abdul Latif Rashid confirmed today, Tuesday, that Baghdad wants to play a mediation role between Washington and Tehran, while calling on US President Donald Trump to implement his promises regarding ending conflicts in the Middle East.

Rashid said in an interview with the American newspaper "Washington Times", that "Iraq has changed a lot from what it was in the days of Saddam Hussein, and the time of entering into conflicts and challenging the rights of other countries is over,"

adding that "some major companies, in the field of energy and others, are active here in petrochemicals and oil, and I do not think that we are facing a conflict with the United States, but on the contrary, we welcome all the help we can get from the United States, and we want to have a really good and friendly relationship with the United States."

He pointed out that "Iraq can play an important role in mediation because it is in constant contact with Iranian policy," indicating that "Iraq has no reservations about meeting senior Iranian officials, and has played a role in making Iran and the Kingdom of Saudi Arabia understand each other, and re-establishing the diplomatic service, which benefited everyone, and has also made some suggestions to Jordan and other countries."

Regarding Iraq's possible role in Syria, the president continued, saying, "It is clear that Syria is an independent state and has a new administration or new rulers, and we want the Syrian government to reflect the will of the Syrian people, either through elections or through the democratic steps that must be taken," stressing that "the Syrian administration must try to accommodate all segments of society, so that no one feels that he has been excluded or not treated as an ordinary citizen.

" He stressed that "there is one very important point for Iraq, which is the presence of large numbers of terrorists or families of terrorists on the Syrian border, and there is concern about that, and some arrangements must be made, so that the border does not get out of control."

In response to a question about whether the Iraqi president will receive an invitation to visit the United States, Rashid said, "I honestly do not know. I sent President Trump a congratulatory message and encouraged him to implement what he promised to maintain peace in the world, to end conflicts," noting that "life will not be easy, especially in our region, where we have conflicts in Syria, in Palestine, and we have problems in Lebanon, in Yemen, in Sudan, and in Somalia."
https://www.mawazin.net/Details.aspx?jimare=260136

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-11-25

Good Afternoon Dinar Recaps,

CIRCLE TRIMS USDC CROSS-CHAIN SETTLEMENT TIME DOWN TO SECONDS WITH PROTOCOL UPDATE

▪Circle, issuer of the world’s second-largest stablecoin USDC, has launched a protocol update it says reduces cross-chain transaction settlement time “to seconds,” compared to an average of 13 to 19 minutes for a typical blockchain transaction between Ethereum and Layer 2 blockchains.

▪According to Circle, the newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, improves upon the earlier version “with a new set of smart contracts and APIs.”

Circle, issuer of the world's second-largest stablecoin USDC, unveiled a protocol update on Tuesday it says will reduce cross-chain settlement time from several minutes to a matter of seconds.

The company's newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, will improve upon CCTP V1 "with a new set of smart contracts and APIs," slashing cross-chain transaction settlement time from "an average of 13 to 19 minutes for a typical blockchain transaction" between Ethereum and Layer 2 blockchains to only seconds, according to a statement.

"CCTP V2 reduces the barriers that have hindered the fluid movement of digital dollars between supported blockchains," said Nikhil Chandhok, chief product officer of Circle, in the statement. 

"CCTP V2 gives developers greater flexibility to tailor cross-chain transactions to their specific needs and unlocks low-latency use cases in crypto capital markets, effectively abstracting away cross-chain complexities for developers and their users."

As the USD-pegged stablecoin market, by most accounts, is poised to keep growing, improving transaction time could prove beneficial to Circle as competition potentially heats up in the coming months and years.

Out of the roughly $235 billion worth of USD stablecoins in circulation, Circle's USDC accounts for $58 billion, according to The Block Data Dashboard. USDC ranks a distant second to Tether's USDT, the clear market leader.

Avalanche, Base and Ethereum to begin with

Circle said CCTP V2 will initially be available for developers working on Avalanche, Base and Ethereum, but the plan is to add support for more blockchains as the year progresses. "CCTP V1 will remain available on 11 blockchains," Circle said, adding that since launched in 2023, "CCTP has facilitated more than $36 billion in transaction volume."

Some of CCTP V2's new features Circle highlighted on Tuesday include "Hooks," which it said makes it possible for developers "to automate post-transfer actions on the destination blockchain."

@ Newshounds News™

Source:  The Block

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BRICS: RUSSIA & IRAN ANNOUNCE NEW DEAL TO BOOST TRADE

Amid the ongoing tension between the US and BRICS, both Russia and Iran have announced a new deal to boost trade and cooperation. Indeed, both sides are expecting a surge in their partnership as things look increasingly uncertain for the alliance moving forward.

Throughout the year so far, the bloc has faced aggressive economic policy from the United States. Since being inaugurated, Donald Trump has not minced words regarding his feelings for the group. However, that has not seen the collective slow its ambitious growth efforts.

Russia & Iran Sign New Trade Deal as BRICS Faces Increased US Pressure

The last two years have seen the BRICS economic alliance embrace a massive growth effort. Indeed, they are continuing, with the alliance eyeing continued expansion in 2025. Moreover, it has held firm in its commitment to de-dollarization despite increased pressure from the United States.

Those efforts to fortify their alliance have continued for BRICS Monday as Russia and Iran have signed a new trade deal. According to a new report, both sides are expecting the increased cooperation to result in a “trade surge,” with cultural expansion to soon follow.

“Trade between Russia and Iran is generally demonstrating positive dynamics,” Ambassador Aleksley Dedov said. “We expect further growth in trade turnover at the end of this year,” he added. Indeed, they project a 15% increase in trade dealings over 2024. Moreover, a key emphasis on the increased trade is the decision for both sides to settle in local currencies.

That decision is yet another blow to the US dollar. President Donald Trump has not been kind to any de-dollarization efforts present globally. He has previously warned of 150% tariffs on nations that engage in the practice. It will be interesting to see if Russia and Iran are now subject to those threats.

@ Newshounds News™

Source:  Watcher Guru and TehranTimes

~~~~~~~~

3/11/25 Isaac's Update Link 

More encouraging news from Isaac.  He has German and Yellow Dragon bonds.  He has always said the German bonds will go first.  

Settings have changed and you can no longer copy or forward. But you can read his comments in both his room and the Living room.  

Basically he feels Good News is coming.  He feels he will have confirmation of that soon.

Newshounds will continue to report what Isaac has to say so keep checking back with us.

Isaac's Room Link 
Isaac Website Link 

Announcement Link 
Process Steps Link 

@ Newshounds News™  

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-11-25

Good Morning Dinar Recaps,

RETROACTIVE SOCIAL SECURITY PAYMENTS BEGIN, WHEN TO EXPECT THEM?

The Social Security Administration (SSA) has made remarkable progress in distributing retroactive payments to those impacted by the Social Security Fairness Act.

This pivotal legislation, passed at the end of 2024, repeals two controversial provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions had long been criticized for reducing or eliminating benefits for certain public sector workers, including firefighters, police officers, and teachers.

According to the SSA, over $7.5 billion has already been distributed to more than 1.1 million eligible beneficiaries.

The average retroactive payment stands at $6,710, compensating for benefits that would have been issued in 2024 had the law been enacted earlier. Initially, the agency estimated that processing these increased monthly payments and retroactive sums could take over a year. However, recent updates suggest that the majority of cases have been expedited.

Who will receive these payments and when? The SSA is actively adjusting the monthly benefits for affected recipients, with updated payments expected to be reflected in the April 2025 disbursement. Those who have not yet received their retroactive payment are advised to wait until April before contacting the SSA for further inquiries.

To determine eligibility for increased benefits, the SSA will be sending official notices by mail to affected individuals in the coming weeks. It is estimated that up to 3.2 million Americans will benefit from the changes introduced by the Social Security Fairness Act. However, some individuals may need to take action to ensure they receive their due benefits.

Individuals who are unsure whether they previously applied for retirement, spousal, or survivor benefits, or those who never applied due to WEP or GPO restrictions, should consider taking action. The SSA recommends submitting an application online or by phone at 1-800-772-1213 (Monday–Friday, 9 AM to 6 PM ET). When prompted, say “Fairness Act” to be connected with a trained representative.

How much will monthly payments increase? A September 2024 estimate by the Congressional Budget Office projected significant increases. Social Security beneficiaries previously impacted by the WEP will see an average increase of $360 per month. Those affected by the GPO could receive between $700 and $1,190 extra per month.

These adjustments represent a historic shift for millions of retired public sector employees, ensuring they receive the benefits they were previously denied. This change marks a new era of fairness and equity in the distribution of Social Security benefits.

For further details, beneficiaries should refer to their official SSA notices or check the agency’s website for updates. The SSA is committed to ensuring that all eligible individuals receive the benefits they deserve under the new legislation.

@ Newshounds News™

Source:  MSN

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TRUMP SET TO SIGN EXECUTIVE ORDER REVERSING BIDEN’S CRYPTO BANKING RESTRICTIONS

President Donald Trump is all set to sign an executive order targeting Biden administration policies that have made it hard for crypto companies to access banking services. The order is expected to target policies under “Operation Chokepoint 2.0,” which seeks to roll back these restrictions and support the crypto industry.

Bo Hines, Executive Director of the White House’s Presidential Working Group on Digital Assets, confirmed that administrative action is coming but didn’t provide details. He mentioned that the industry can expect something soon.

Hines also emphasized that the Trump administration aims to end practices linked to “Operation Chokepoint 2.0,” a term coined by Nic Carter, which refers to efforts similar to the Obama-era Operation Choke Point that targeted payday lenders and gun dealers.

Trump’s Executive Order Could Open Fed Access to Crypto Banks

While details of Trump’s executive order are still being finalized, it could impact Federal Reserve policies on master accounts. These accounts, held by federally chartered banks, are essential for making direct payments and accessing the Fed’s services. Under the Biden administration, the Fed denied master accounts to crypto-focused banks like Custodia, hindering their growth.

Fox Business reporter Eleanor Terrett remarked that this is significant because the Federal Reserve and the FDIC have not yet reversed any anti-crypto policies, even though Federal Reserve Chairman Jerome Powell mentioned last month that he was concerned by the increasing number of crypto debanking cases and that the Fed would “take a fresh look” at the issue.

Trump Administration Pushes Forward Despite Challenges

While the Federal Reserve operates independently from the White House, the Trump administration is pushing forward with its crypto order, despite potential legal hurdles. Sources note that senior White House officials are set to meet Thursday to assess possible challenges before putting the order on Trump’s desk.

However, a White House official denied any such meeting is scheduled but confirmed that efforts to roll back Operation Chokepoint 2.0 are already in motion. The race to reshape crypto policy is heating up, and all eyes are on what comes next.

Directive on Stablecoins?

The upcoming executive order could extend beyond banking, and might include a directive stating that stablecoins, which are designed to maintain a stable value and are typically pegged to the U.S. dollar, should not be classified as securities.

If Trump signs this order, it would be his third crypto-related executive action since returning to office. The first, signed on January 23, created a Presidential Working Group on Digital Asset Markets. The second, signed last week, ordered the establishment of a U.S. government Bitcoin reserve and a separate stockpile for other digital assets.

Bitcoin Dips Despite The Developments

Trump’s recent Crypto Summit disappointed industry leaders, with his Bitcoin reserve plan failing to boost the market as the administration plans to use seized assets. Broader economic policies, including tariffs on China and others, have also shaken markets. As a result, institutional investors pulled funds from Bitcoin and Ethereum ETFs, causing Bitcoin to fall below $80,000 for the first time in 4 months and Ethereum to drop to $1,870.

@ Newshounds News™

Source:  Coinpediia  and Twitter

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THAILAND’S SEC JUST APPROVED USDT & USDC, ALONGSIDE BITCOIN & ETHEREUM AS APPROVED TOKENS!

▪Thailand’s SEC approves USDT and USDC for trading on licensed crypto exchanges.

▪Stablecoins join Bitcoin, Ethereum, XRP, and Stellar in Thailand’s approved crypto list.

▪New rules effective March 16 boost crypto trading and adoption in Thailand.

▪Tether faces transparency scrutiny despite $142 billion market cap and growing demand.

Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has expanded its list of approved cryptocurrencies. The country has now allowed the use of Tether (USDT) and Circle’s USD Coin (USDC) on licensed digital asset exchanges. This decision follows a growing demand for stablecoins in crypto trading and payments worldwide.

Thailand Regulator Adds USDC, USDT Stablecoins

With this approval, Thailand opens its doors to stablecoins, a crucial part of the global crypto market. Stablecoins like USDT and USDC are widely used for trading, payments, and remittances due to their price stability.

By adding USDT and USDC to its list of approved cryptocurrencies, alongside Bitcoin, Ethereum, XRP, and Stellar, Thailand is expanding its digital asset ecosystem. This move not only enhances trading opportunities but also strengthens Thailand’s position as a growing hub for crypto adoption in Asia.

The new regulations, set to take effect on March 16, will allow licensed exchanges to list and trade these stablecoins, making it easier for investors and traders to move funds within the crypto ecosystem.

Thailand Aligns with Global Crypto Trends

The decision to approve USDT and USDC comes after a public consultation held in February, where most participants supported the idea. Across regions like Southeast Asia, Africa, and Latin America, stablecoins have gained popularity due to their reliability and ease of use in transactions.

Tether alone contributes to around 40% of the total trading activity in the country. As of now, USDT holds a massive $142 billion market capitalization, while USDC follows with $58 billion.

Push for Transparency

The approval of Tether’s stablecoin comes at a time when the company is facing scrutiny over its financial transparency. Just last week, the company appointed Simon McWilliams as its Chief Financial Officer to address concerns regarding its financial audits.

The company has been publishing quarterly reports verified by BDO Italy, but some critics argue that a full financial audit is needed. Following the 2022 market crash, the crypto industry has pushed for more transparency.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 3-11-2025

TNT:

Tishwash:  Mechanism for publishing data on buying and selling foreign currencies

The Central Bank of Iraq explains the mechanism for publishing data on the sale and purchase of foreign currencies from the daily bulletin to the monthly report, which will include:

- Total enhancement of bank balances abroad.
- Settlements of electronic payments abroad.
- Cash sales.

The bank confirms that this decision came in conjunction with the transition from the electronic platform mechanisms to the mechanisms for enhancing the balances of authorized Iraqi banks with correspondent banks, and that the process of enhancing banks does not reflect the daily sales of bank customers until the operations are actually realized. 

It draws attention to the Central Bank of Iraq's possession of sufficient foreign reserves to meet all official requests for foreign currency, which enhances confidence in the national currency. 
Noting that the report scheduled to be published next month will include details of external transfer operations

in terms of (amounts, the most prominent imported goods and materials, the most prominent countries from which they were imported.

Central Bank of Iraq 
March 5, 2025   link

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Tishwash:  Disagreements paralyze the Iraqi parliament in Ramadan...the boycott continues

 Independent Iraqi parliament member Jawad al-Yasari said on Tuesday that the parliament session will not be held due to the continued boycott of the sessions by most of the representatives, in protest against the failure to include the service and retirement law for the Popular Mobilization Authority on the agenda .

Al-Yasari told Shafaq News Agency, "The indicators confirm that the parliament session for today, Tuesday, will not be held, as happened in previous sessions, due to the continued boycott of most of the representatives, especially from the Coordination Framework blocs, of the sessions in protest against the failure to put the service and retirement law of the Popular Mobilization Authority to a vote."

He added, "Holding a parliament session during the month of Ramadan seems difficult in light of the ongoing political disputes and conflicts, which means that the sessions will remain suspended until after the Eid al-Fitr holiday, until an agreement is reached between the political parties on passing the law."

The Iraqi Parliament is expected to hold its regular session today, with the agenda including several topics, including voting on the draft law amending the fourth amendment to the Industrial Investment Law for the Private and Mixed Sectors No. 20 of 1998, in addition to voting on a decision to recommend to the Ministry of Education to reinstate the trial system .

The Council is also scheduled to discuss the report of the interim parliamentary committee to follow up on the preservation of state property, the first reading of the draft law to cancel the law ratifying the agreement exempting holders of diplomatic and service passports from entry visas between Iraq and Cyprus, and the first reading of the proposed law amending the second law of the Mukhtars Law No. 13 of 2011 .

The agenda also includes a report and discussion of the second reading of the proposed fourth amendment to Law No. 6 of 2000 on the Progression of Medical and Health Professionals .

It is noteworthy that the independent MP, Hussein Al-Saabari, revealed to Shafaq News Agency, last Sunday, that there is a tendency to dissolve the Iraqi Parliament and go to early elections, in the event that its sessions continue to be disrupted .

The House of Representatives is witnessing a continuous disruption of its sessions, due to the lack of a legal quorum to hold them, despite announcing the agenda and setting the date of the session . link

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

Tishwash:  The Ministerial Council discusses the completion of the budget schedules and developments in the oil market locally and globally

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired the eighth session of the Ministerial Council for the Economy today, Monday, to discuss completing the budget schedules and developments in the oil market locally and globally.

A statement by the Council, received by {Euphrates News}, stated that: "The session was held in the Council building in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, in addition to the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister's Advisors for Economic and Legal Affairs."

According to the statement, the Council hosted the Minister of Interior to discuss the project to rehabilitate vehicle registration sites and issue driving licenses throughout Iraq, in addition to the smart signals project and the radar system in the capital, Baghdad, where the Minister explained that "these projects will contribute to improving the services provided to citizens, enhancing traffic flow, and reducing congestion." The Council supported the measures taken by the Ministry in this regard, and recommended submitting them to the Council of Ministers.

The Council also discussed with the Deputy Prime Minister and Minister of Oil the completion of the budget schedules, where the Minister provided a detailed explanation of the reality of the local and global oil market, in terms of prices and expected production quantities, expenses necessary to manage extraction and marketing operations, and purchase of petroleum derivatives, in addition to the expected revenues from the oil sector.

The statement continued, "The Council also hosted the Undersecretary of the Ministry of Electricity and officials in the Ministry, in addition to the Director General of the Trade Bank of Iraq and a number of heads of investment companies specialized in the energy sector, to review investment contracts and discuss the best ways to ensure the continuity of electricity supplies, especially with the approach of summer

While the Council hosted the head of the Central Organization for Standardization and Quality Control, to discuss the Ministry of Planning's request to postpone the implementation of the Iraqi specification for vehicles, and organize the process of issuing car import licenses until the end of this year. 

The head of the agency explained that "the postponement will enable the relevant authorities to complete the required technical procedures, in line with the Consumer Protection Law and the Competition and Anti-Monopoly Law," and the council approved the request, setting December 31, 2025 as the final date for implementation.  link

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

Mot: Ah yes me fine lad, an Irishman always follows the rainbow.....

Mot: . Blessing To Youuuuuu

MilitiaMan & Crew-Iraq Dinar News Central Bank Digital Currency-Financial System-Globally-The Future Developments

MilitiaMan & Crew-Iraq Dinar News Central Bank Digital Currency-Financial System-Globally-The Future Developments

3-10-2025

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=_ncJrlICytY

Iraq Economic News and Points to Ponder Monday Afternoon 3-10-25

Economist: Lower Oil Prices May Push Iraq To Reduce Exchange Rate And Cut Expenses

Time: 2025/03/10 12:38:15 Read: 2,895 times   {Economic: Al Furat News} Economic expert Nabil Al Marsomi warned today, Monday, that the continued decline in oil prices will put the Iraqi government before difficult choices, including those that may include reducing the exchange rate to confront financial challenges.

Al-Marsoumi told Al-Furat News Agency that “the government may be forced to take austerity measures that include reducing public expenditures and increasing non-oil revenues,” noting that “the oil market is currently suffering from significant weakness, with a decline in oil policy that may include imposing fees on some countries such as China, Canada and Mexico, in addition to the possibility of canceling the OPEC Plus agreement, which stipulates reducing production by two million barrels per day.”

He added, "These expectations indicate further declines in oil prices in the coming weeks, which will negatively affect the Iraqi economy."  LINK                                                                                    

The Ministerial Council For Economy Discusses The Completion Of The Budget Schedules And The Reality Of The Local And Global Oil Market

Local | 08:28 - 10/03/2025   Mawazine News – Baghdad   The Ministerial Council for the Economy discussed, on Monday, completing the budget schedules and the reality of the local and global oil market, while setting the end of this year as the final date for implementing the Iraqi specifications for vehicles and regulating the process of issuing car import licenses.

The Council said in a statement received by Mawazine News: "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired, on Monday, the eighth session of the Ministerial Council for the Economy, which was held in the Council building in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, in addition to the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister's advisors for economic and legal affairs."

He added that "the Council hosted the Minister of Interior to discuss the project to rehabilitate vehicle registration sites and issue driving licenses throughout Iraq, in addition to the smart signals project and the radar system in the capital, Baghdad."

The Minister explained that "these projects will contribute to improving the services provided to citizens, enhancing traffic flow, and reducing congestion."

The Council supported the measures taken by the Ministry in this regard, and recommended submitting them to the Council of Ministers.

He added that "the Council discussed with the Deputy Prime Minister and Minister of Oil the completion of the budget schedules, where the Minister provided a detailed explanation of the reality of the local and global oil market, in terms of prices and expected production quantities, expenses required to manage extraction and marketing operations, and purchase of petroleum derivatives, in addition to the expected revenues from the oil sector."

He stated that "the Council hosted the Undersecretary of the Ministry of Electricity and officials in the Ministry, in addition to the Director General of the Iraqi Trade Bank and a number of heads of investment companies specialized in the energy sector, to review investment contracts and discuss the best ways to ensure the continuity of electricity supplies, especially with the approach of summer,"

noting that "the Council hosted the head of the Central Organization for Standardization and Quality Control, to discuss the Ministry of Planning's request to postpone the implementation of the Iraqi specification for vehicles, and organize the process of issuing car import licenses until the end of this year."

The head of the agency explained that "the postponement will enable the concerned authorities to complete the required technical procedures, in line with the Consumer Protection Law and the Competition and Anti-Monopoly Law."

He stated that "the Council approved the request, setting December 31, 2025 as the final date for implementation."   https://www.mawazin.net/Details.aspx?jimare=260110

Basra Oil Prices Stabilize Above $70

Monday 10 March 2025 09:46 | Economic Number of readings: 174   Baghdad / NINA / Basra crude prices (heavy and medium) witnessed a remarkable stability at the opening of weekly trading in the global market.

Basra medium crude recorded $ 70.83 per barrel, while heavy recorded $ 67.78 per barrel.

The data also showed a slight decrease in global crude prices, as British Brent crude recorded $ 69.87, while US West Texas Intermediate crude recorded $ 66.53 per barrel. / End https://ninanews.com/Website/News/Details?key=1191005

Gold Prices Rise As Demand For Safe Havens Increases

10/03/2025    Mawazine News – Economy   Gold prices rose on Monday, supported by a weaker dollar and increased demand for safe havens due to concerns about a global trade war, while investors awaited more evidence to assess the Federal Reserve's stance on interest rates. Spot gold rose 0.1% to $2,914.42 an ounce, while U.S. gold futures rose 0.3% to $2,921.90.
https://www.mawazin.net/Details.aspx?jimare=260093

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

Seeds of Wisdom RV and Economic Updates Monday Evening 3-10-25

Good Evening Dinar Recaps,

UTAH’S SENATE PASSES BITCOIN BILL — BUT SCRAPS KEY PROVISION

Utah lawmakers have passed a Bitcoin bill after amending it to remove a section that would have authorized the state treasurer to invest in Bitcoin.

Utah’s Bitcoin bill has passed the state Senate, but without its cornerstone, a clause that would have made it the first US state with its own Bitcoin reserve.

The HB230 “Blockchain and Digital Innovation Amendments” bill now only provides Utah citizens with basic custody protections, the right to mine Bitcoin, run a node and participate in staking, among other things.

The 19-7-3 vote to pass the measure on March 7 means the bill is now headed to Utah Governor Spencer Cox’s desk to be signed into law.

The reserve clause would have authorized Utah’s treasurer to invest up to 5% of digital assets with a market cap above $500 billion over the last calendar year in five state accounts — with Bitcoin as the only digital asset that currently meets this criteria.

The reserve clause passed the second reading but was scrapped in the third and final reading. Utah’s House then concurred with the amendment in a 52-19-4 vote.

“There was a lot of concern with those provisions and the early adoption of these types of policies,” one of the bill’s sponsors, Senator Kirk A. Cullimore, said in Utah’s March 7 floor session.

“All of that has been stripped out of the bill."

Up until March 7, Utah looked likely to become the first US state to adopt a Bitcoin reserve, Satoshi Action Fund’s CEO Dennis Porter predicted on Feb. 2.

Two Arizona Bitcoin reserve bills and a Texas bill are now the closest to being passed into law, Bitcoin Laws data shows. Each of those bills obtained a successful vote in their respective Senate committees and is now awaiting a final floor vote in the Senate.

Of the 31 Bitcoin reserve state bills introduced, 25 remain live, including bills from Illinois, Iowa, Kentucky, Maryland, Massachusetts, New Hampshire, New Mexico, North Dakota, Ohio and Oklahoma.

Bills from the likes of Pennsylvania, Montana, Kentucky and North Dakota have failed.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

EL SALVADOR CONTINUES ACCUMULATING BITCOIN AND NOW HOLDS 6,111 BTC DESPITE IMF PRESSURE

▪The Central American nation acquired an additional 6 BTC on Sunday, boosting its total holdings to 6,111.18 BTC.
▪The country agreed to scale back the public sector’s bitcoin activities in a deal with the IMF for a $1.4 billion loan.

El Salvador continues to acquire bitcoin despite its deal with the International Monetary Fund to curb its bitcoin acquisition.

The Central American nation purchased an additional 6 BTC on Sunday, expanding its total bitcoin holdings to 6,111.18 BTC, worth about $504 million at current market prices, compared to 6,072 BTC on Feb. 9, according to the country's Bitcoin Office.

In December, El Salvador reached a deal with the IMF for a $1.4 billion loan, with the total package expected to be over $3.5 billion, and agreed to scale back its bitcoin engagement in exchange for the financing. Then, in January, the country's Legislative Assembly approved a bill to comply with the IMF requirements set out in the deal, according to Reuters.

On March 3, the IMF released a new document outlining conditions as part of the extended arrangement for its fund facility to El Salvador.

"Going forward, program commitments will confine government engagement in Bitcoin-related economic activities, as well as government transactions in and purchases of Bitcoin," said Nigel Clarke, deputy managing director of the IMF, in the document.

El Salvador's strategic reserve, however, continued to accumulate bitcoin. El Salvador President Nayib Bukele said last week that the country will not stop purchasing bitcoin. "No, it's not stopping," Bukele said in an X post on March 5. "If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won’t stop now, and it won’t stop in the future."

@ Newshounds News™

Source:  The Block

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

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Economist’s “News and Views” Monday 3-10-2025

CENTRAL BANK COLLAPSE ALERT!  Rafi Farber's 2025 Gold & Silver PRICE PREDICTION You Can't Miss!

Wall Street Bullion:  3-10-2025

Is a silver squeeze 2.0 incoming?

What does this mean for the silver price?

Is central bank collapse imminent?

Rafi Farber joins us to discuss gold & silver prices that are set to skyrocket!

https://www.youtube.com/watch?v=WNhFsDTmW1g

THE ODDS OF A US INFLATIONARY DEPRESSION SKYROCKET... STOCK MARKET CRATERING.

Greg Mannarino:  3-10-2025

https://www.youtube.com/watch?v=0NUTFLJodnw

EU 'Accelerates' Digital Euro Launch: Revealed Date of Programmable Digital Currency Roll Out

Lena Petrova:  3-10-2025

https://www.youtube.com/watch?v=nHd_1QEC5r4

Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-10-25

Good Afternoon Dinar Recaps,

Seeds of Wisdom RV Announcement and Info

The steps to the Global Currency Reset (GCR) funding process have been widely speculated upon, but based on the structured flow reported by insiders and experts, it generally follows this order:

1. Historic Bonds Redemption (Sovereign-Level)
German Bonds (and other historic bonds like Chinese Dragon Bonds, Super Petchilis, Railroad Bonds, etc.)
These were issued long ago and have been held by sovereign groups, large institutions, and select individuals.
Bondholders go through a vetting and redemption process, where bonds are verified and then paid out.
Payments may be staggered in tranches over time.

2. Other Bonds & Private Placements
Zim Bonds (Zimbabwe Bonds) – Considered high-yield and separate from currency exchanges.
Other sovereign bonds (Venezuelan, Peruvian, etc.) follow similar redemption protocols.
Private placements & tiered settlements involve structured payouts to high-net-worth individuals and institutions.

3. Digital & Crypto Assets Integration
Some theories suggest asset-backed crypto may play a role in new financial systems.
Quantum Financial System (QFS) may transition assets into a blockchain-secured environment.
There could be a shift from fiat-based digital assets to gold or commodity-backed digital currencies.

4. Currency Exchange & Revaluation (RV)
Currencies like the Iraqi Dinar (IQD), Vietnamese Dong (VND), Indonesian Rupiah (IDR), Zimbabwean Dollar (ZWL), and others are expected to undergo revaluation.
Exchange centers, banks, or designated locations will facilitate conversions.

Tiers (1-5) dictate when different groups receive access to funds.
Tier 1: Sovereigns & elite institutions.
Tier 2: Governments & select large groups.
Tier 3: Humanitarian & pre-approved projects.
Tier 4: Public holders with pre-arranged agreements (Tier 4B includes internet groups).
Tier 5: General public after revaluation is public.

5. Wealth Management & Project Disbursement
Funds are distributed based on agreements, NDAs, and structured payouts.
Humanitarian projects are expected to receive allocations.
Wealth managers, trusts, and legal structures assist in handling funds post-exchange.

Each phase unfolds in a controlled manner, ensuring that funding flows through proper channels before mass liquidity is released to the public.

Seeds of Wisdom Team

@ Newshounds News™

Source:  From a compilation of sources throughout the Dinar Community.

Important Update from Seeds of Wisdom Team

As the revaluation takes place and when Isaac post "VICTORY" for his Bonds payments, all Seeds of Wisdom Team rooms will be set to read-only. You will still have access to all our valuable resources and guidance. 

Some links are below and you can find more valuable resources, project information, writing projects, and more on the Seeds of Wisdom Team Website.  Bob Lock will open his room as he has time to field questions.  To ensure you still have access to valuable resources and guidance, we are sharing links to key rooms where you can follow along:

Planning Room Link  
Planning Room Docs Link 
Bob Lock’s Room (Common Law) Link
Bob Lock’s Docs Room Link

Our website under the Planning section provides essential tools to help you move forward. We strongly encourage you to finalize your plans and assemble a strong, knowledgeable team to support your journey.

We wish everyone the very best in this new chapter. While we will be stepping back, we will still be around. Should we decide to reopen the rooms, we will announce it via Telegram and on the website. 

Stay prepared, stay wise, and take care.

~ Seeds of Wisdom Team

@ Newshounds News™

When Isaac posts 'Victory' it will mean that he has received funding for his German Bonds which he has always said will go first. This means the process has started and no one knows the exact timing of the GCR but it will happen. We will post Isaac's announcement here on Dinar Recaps so keep watching. 

~~~~~~~~~

3/10/25 Isaac's Update

Isaac N, [3/10/2025 1:10 PM]
"Hello 👋🏻 hope all good

Great news coming this week , I will keep you posted as soon as I get the confirmation

Blessings"

3/10/25 Isaac's Update Link 

Isaac's Room Link

Isaac Website Link

@ Newshounds News™

Source:  Seeds of Wisdom Team Telegram Isaac's Room

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps 

Seeds of Wisdom RV and Economic Updates Monday Morning 3-10-25

Good Morning Dinar Recaps,

FIFA SHOWS INTEREST IN DEVELOPING A FIFA TOKEN, US MARKET IN CONSIDERATION

Fédération Internationale de Football Association (FIFA) President Gianni Infantino has suggested the organization may develop its own cryptocurrency token.

Infantino made the remarks while attending President Trump’s White House Crypto Summit on March 7. Standing alongside Trump, Infantino expressed FIFA’s interest in creating a digital token to interact with its global fanbase.

“FIFA is very, very interested to develop a FIFA coin, to do it from here, from America, and to conquer the 5 billion soccer fans in the world,” Infantino stated. “If there is anyone here who is interested to team up with FIFA, here we are, together with the United States of America, and we will conquer the world of soccer with the FIFA coin.”

The announcement, though lacking specific details or timelines, hints at FIFA’s exploration of blockchain technology as a potential avenue for fan engagement and revenue generation. Trump responded positively to Gianni stating: “That coin may be worth more than FIFA in the end. It could be quite a coin, actually.”

FIFA token surges 357,000%

Following the summit, market confusion led to a surge in an unaffiliated cryptocurrency named “FIFA. This coin saw a 357,000% daily price increase, reaching a market capitalization of approximately $8.2 million. However, this token has no connection to FIFA.

The recent summit was one of the primary steps for a major cryptocurrency regulation change under the Trump administration.

Key initiatives announced during the event included the establishment of a U.S. Strategic Bitcoin Reserve. This approach would create a government cryptocurrency position without requiring taxpayer funding.

While Infantino’s announcement provided few details, it shows FIFA’s recognition of cryptocurrency’s potential impact on the future of sports business and fan engagement. The announcement comes particularly as the organization prepares for the 2026 World Cup, which the United States, Canada, and Mexico will jointly host.

@ Newshounds News™
Source:  CryptoNews

~~~~~~~~~

RIPPLE CEO SEES 'INCREDIBLE' CRYPTO SUPPORT FROM TRUMP ADMINISTRATION

Ripple’s CEO praised the Trump administration’s embrace of crypto, highlighting support for regulatory clarity, crypto reserves, and digital asset innovation backed by U.S. Treasuries.

Ripple’s CEO Applauds Trump Administration’s Embrace of Crypto

Brad Garlinghouse, CEO of Ripple, reflected on a significant week for the cryptocurrency industry, highlighting key events such as the first-ever White House Crypto Summit and a U.S. Commodity Futures Trading Commission (CFTC) CEO Roundtable. He noted the rapid developments in the space, including policy discussions and regulatory shifts.

“There’s been a lot of talk about what this White House has and will prioritize with their crypto agenda – most importantly, regulatory clarity through Congressional action, as well as a BTC reserve & crypto stockpile, support for stablecoin innovation backed by U.S. Treasuries, and more,” Garlinghouse stated on social media platform X on March 7. He also expressed optimism, emphasizing:

I was extremely pleased to see the incredible support from this administration.

He also acknowledged several key figures for their roles in shaping the week’s discussions. Garlinghouse thanked President Donald Trump for welcoming crypto industry leaders to the White House, contrasting it with what he described as the “hostility of the Biden administration.”

Garlinghouse also expressed gratitude to White House AI and Crypto Czar David Sacks and Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets at the White House, for organizing the crypto summit, and to CFTC Commissioner Caroline Pham for hosting discussions at the agency. These engagements, he suggested, marked a turning point in the relationship between policymakers and the crypto industry.

The Ripple executive urged the crypto community to focus on broader industry goals rather than engaging in internal conflicts between different cryptocurrencies. He reaffirmed his commitment to advocating for a fair regulatory framework, stating:

We will – as we’ve always done — continue to champion the need for a level playing field (and it was great to hear others in the room echo this as well!) and for the industry to come together to move much needed legislation forward in the U.S.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Monday Morning 3-10-2025

TNT:

Tishwash:  Between security stability and economic challenges... the last year of Al-Sudani's government

As the government of Mohammed Shia al-Sudani enters its final year, many challenges emerge on the scene, despite the achievements made in various fields.

MP Hussein Al-Azirjawi confirmed in an interview with "Baghdad Today", Sunday (March 9, 2025), that "the security situation is stable and has not been affected by regional events," pointing to the readiness of the security forces to confront any emergency.

On the economic level, Al-Azirjawi pointed out that “there are some difficulties, but they are less severe than what previous governments faced,” stressing that “the government is continuing to address the crises, especially with regard to paying salaries and reviving development projects in various governorates.”

He also pointed out that "Al-Sudani's government has achieved broad popular satisfaction, thanks to the resumption of work on a number of vital projects, such as bridges, hospitals and factories.

Despite the challenges of low oil prices, he stressed that "the government has the solutions to overcome the obstacles," expecting that "the economic or security file will not constitute a major obstacle in the next stage."

Prime Minister Mohammed Shia al-Sudani assumed office in October 2022 amid complex political and economic conditions, as his government came after a long formation crisis following the early parliamentary elections in 2021.

Since then, his government has faced sensitive issues, most notably improving the economic situation, enhancing security, and combating corruption, in addition to trying to achieve internal and external political balance in light of the tense regional situation.

As the current government enters its final year, new challenges emerge, particularly in light of the fluctuations in oil prices and their impact on the general budget, in addition to the continued need to implement economic reforms and combat corruption to ensure sustainable improvement in government performance  link

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Tishwash:  $100 billion annually.. Iraq's spending exceeds the 3 most powerful economies in the world

The head of the Iraq Future Foundation, Munar Al-Obaidi, revealed the rate of Iraq’s revenues and expenditures during the last ten years. While he explained that the country spends $100 billion annually, which is higher than the annual expenditure of three countries with strong economies, he indicated that the country’s problem is not with resources, but with the way they are managed.

Al-Obaidi said, "Over the course of ten years, Iraq's total revenues amounted to 1,028 trillion Iraqi dinars, with oil revenues accounting for 92% of the total revenues, while tax, customs and other sources contributed only 8%."

He added, "In contrast, Iraq spent 1,007 trillion Iraqi dinars during the same period, in addition to unliquidated loans ranging between 100-150 trillion dinars, which means that total spending exceeded 1,100 trillion Iraqi dinars, which is approximately equivalent to 1 trillion US dollars."

He continued, "Therefore, Iraq's annual spending rate becomes around $100 billion, which is higher than the spending rate of many developed countries, as the annual spending rate for each of the following reached: the United Arab Emirates: $65 billion, Malaysia: $82 billion, and Singapore: $77 billion."

He stressed that "although Iraq spends more than these countries, its GDP still depends almost entirely on the oil sector, compared to these countries that have succeeded in diversifying their economies to reach a GDP of $500 billion annually."

He pointed out that "the great paradox lies in the fact that these three countries do not possess the enormous natural resources that Iraq possesses, nor do they possess the same size of the human population, and yet they were able to build strong and prosperous economies with budgets less than what Iraq spends, while Iraq is still suffering under the burden of oil control, the rentier economy, disguised unemployment, and many economic problems that are growing and getting bigger year after year."

He pointed out that "the problem was never in the resources, but in the way they were managed and employed to achieve sustainable development," adding that "Iraq needs deep economic reforms that focus on diversifying the economy, improving spending efficiency, and combating financial waste to ensure a sustainable economic future."

He concluded his post with, “Iraq needs five words mentioned by a famous program about development a few days ago, which are (a stable government to improve development management). Any loss of any word in this phrase will lead to the collapse of the entire sentence.”  link

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Tishwash:  US National Security Advisor to Sudan: Ending Exception for Electricity Supply from Iran Linked to Maximum Pressure Policy

Prime Minister Mohammed Shia Al-Sudani received a phone call today, Sunday, from US National Security Advisor Michael Waltz, where both sides affirmed their commitment to strengthening and deepening the strategic partnership between Iraq and the United States.

The Prime Minister's media office said in a statement received by {Euphrates News} that "the discussions focused on enhancing bilateral cooperation in the economic and security fields, as the Prime Minister affirmed Iraq's commitment to expanding economic relations with the United States, encouraging American companies to invest in the growing Iraqi market. He also reviewed the important reforms and initiatives implemented by his government to create a more stable, transparent and attractive environment for investors."

 For his part, the US National Security Advisor encouraged the Prime Minister to rely more on American companies, and to work to solve the problems and remove the obstacles facing those companies operating in Iraq, including the Kurdistan Region of Iraq, to ​​encourage them to work and invest in Iraq.

The two sides also stressed the importance of joint efforts to build a strong Iraq capable of relying on itself. The discussions also included addressing issues and the role of American companies operating in this field. In this context, the United States renewed its commitment to supporting Iraq’s energy independence and expressed its readiness to cooperate in accelerating the achievement of this goal.

Regarding the security file, National Security Advisor Waltz affirmed the United States' firm commitment to the security and stability of Iraq in the face of regional and international challenges. The two sides also stressed the importance of continuing cooperation to ensure Iraq's sovereignty and stability in the long term, especially in light of the turbulent conditions in the region.

Waltz added that ending the exemption for electricity supplied from Iran is linked to the maximum pressure policy, which confirms the importance of bilateral coordination to avoid any potential negative effects on Iraq's stability.

The call reaffirmed the strong partnership between Iraq and the United States, with both sides expressing their shared vision for a secure, prosperous, and sovereign Iraq. link

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

Mot: Continue to Amazed at the ole ""History"" We Learn frum da Net!!

Mot: ole ""Mot"" Letting Yas Know

Iraq Economic News and Points to Ponder Sunday Afternoon 3-9-25

In Numbers.. Iraq's Expenditures Amount To One Trillion Dollars In A Decade, And 92% Of Its Revenues Depend On Oil

Time: 2025/03/09 12:27:23 Read: 1,230 times  {Economic: Al-Furt News} Economic expert, Manar Al-Obaidi, revealed details of the financial situation in Iraq during the past decade.

Al-Obaidi said in a statement received by {Euphrates News}, a copy of which, "Total revenues amounted to 1,028 trillion dinars, of which oil exports accounted for 92%, while tax and customs revenues and other sources accounted for only 8%."

Al-Obaidi explained in an economic analysis that "total government spending during the same period amounted to 1,007 trillion dinars, in addition to unliquidated loans ranging between 100-150 trillion dinars, so that total spending exceeded 1,100 trillion dinars (about one trillion US dollars)."

He pointed out that Iraq's annual spending rate is estimated at $100 billion, exceeding its counterpart in countries such as the UAE ($65 billion), Malaysia ($82 billion), and Singapore ($77 billion).

Al-Obaidi pointed out the paradox in economic performance, as countries such as Singapore and Malaysia rely on diversified economies that have achieved a GDP of nearly $500 billion annually, while the Iraqi economy remains hostage to the oil sector, with continuing challenges represented by disguised unemployment, financial waste, and inefficient spending.

He stressed that "Iraq's problem is not a scarcity of resources, but rather their mismanagement," calling for urgent reforms focused on diversifying the economy, improving spending efficiency, and combating corruption. He also highlighted the need to implement the famous development program saying: "A stable government improves development management," warning that "losing any word in this phrase will bring down the entire sentence."

Iraq faces deep structural challenges, with a rentier economy unable to absorb its growing population, while its vast resources are being spent without achieving sustainable development, according to the analysis.  LINK

Iraq's Oil Exports To America Fell Sharply Last Week
Sunday 09 March 2025 11:02 | Economic Number of readings: 228  Baghdad / NINA / The US Energy Information Administration announced today, Sunday, that Iraq's oil exports decreased significantly during the past week.

The administration said in a table, "The average US imports of crude oil during the past week from 8 major countries amounted to 5.577 million barrels per day, up by 42 thousand barrels per day from the previous week, which amounted to 5.535 million barrels per day."

It added that "Iraq's oil exports to America decreased significantly, reaching an average of 46 thousand barrels per day, down by 182 thousand barrels per day from the previous week, which averaged 228 thousand barrels per day.

" The administration indicated that "most of America's oil revenues during the past week came from Canada, followed by Brazil, Mexico, Colombia, Saudi Arabia, Venezuela and Ecuador." / End
https://ninanews.com/Website/News/Details?key=1190828

US Ambassador To Iraq: Importing Natural Gas Outside The Sanctions System

energy  Economy News – Baghdad   The head of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Sunday, that the Iraqi government is serious about achieving independence in the field of energy, while the Chargé d'Affairs of the US Embassy in Iraq, Daniel Rubinstein, indicated that the import of natural gas is outside the sanctions system.

A statement by the Finance Committee, received by "Al-Eqtisad News", stated that "the Chairman of the Finance Committee, Atwan Al-Atwani, received today, Sunday, the Chargé d'Affairs of the US Embassy in Iraq, Daniel Rubinstein, and the accompanying delegation," indicating that "the meeting discussed ways to enhance joint cooperation between Iraq and the United States of America in terms of managing and developing the work of the financial and banking sector."

He added, "The meeting focused on discussing the US sanctions file and their impact on the electricity sector, especially in light of talk about the end of the deadline for Iraq's exemption from importing Iranian gas."

Al-Atwani stressed, according to the statement, "the importance of this visit at this sensitive time, and stressed the need for continuous communication to correct the course of Iraqi-American relations," charging "the Chargé d'Affairs with an important message to his country's government, which is that stopping the import of gas will have disastrous consequences for the Iraqi people, especially in the summer, as it will cause the collapse of the national electricity system, due to the lack of any alternatives at the present time."

He pointed out that "the Iraqi government is serious about achieving energy independence through many promising projects related to investing in associated gas, for the purpose of using it in generating electricity and achieving self-sufficiency, but these projects will enter service in the coming years."

He called on "the US administration to review the policy of pressure exerted by the US Treasury on the financial and banking sector in Iraq by imposing continuous sanctions on local banks."

He stated that "Iraq has achieved a qualitative shift in the policy of compliance and financial transfers, and despite that, we are surprised by collective sanctions targeting Iraqi banks without prior warning and without any declared justification or even notifying the Central Bank of Iraq about it, and this has created a major problem for us, and has affected the work and activity of the banking sector."

For his part, Rubinstein expressed his "understanding of what Al-Atwani had raised during the meeting regarding the energy and banking sanctions files, and promised to convey these messages to his country's government in the hope of finding permanent treatments and solutions that would achieve the interests of the two friendly peoples," noting that "the import of natural gas is,so far,outside the sanctions system." https://economy-news.net/content.php?id=53231

Prime Minister's Advisor: Investment Boosts Economic Growth, Keeps Iraq Away From Oil Price Fluctuations
09/03/2025  Mawazine News – Economy  The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Sunday, that foreign investment is an important step towards enhancing economic growth in Iraq, and isolating the country from the fluctuations of oil asset cycles and the problems of oil price fluctuations, explaining that linking the international economy to the Iraqi economy contributes to achieving sustainable economic growth, based on the indicators of the National Development Plan 2024-2028.

Salih said, in a statement to the official agency: "The influx of foreign investment to Iraq means the development of linking international economic activity to the country's productive economy, which enhances the environment that encourages investment thanks to what Iraq possesses in terms of material and human resources."

He added that this link contributes to enhancing economic growth in accordance with the development plan, which aims to diversify the national economy, stressing that foreign direct investment contributes to introducing advanced technology and improving organizational and administrative thinking, which leads to reducing unemployment, increasing job opportunities and improving the level of income in the country.

Salih pointed out that foreign investment plays a major role in developing infrastructure in many vital sectors such as electricity, energy, transportation, communications and information technology, and it also contributes to protecting the national economy from economic fluctuations that affect the oil sector.

Saleh concluded his statements by stressing that the benefits of foreign investment are clearly embodied when this investment is integrated into the local labor market, which maximizes the economic benefit and increases the employment of the local workforce, thus contributing to strengthening the movement of the national economy.

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