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Seeds of Wisdom RV and Economic Updates Sunday Morning 4-20-25

Good Morning Dinar Recaps

JP MORGAN SAYS BITCOIN'S SAFE-HAVEN APPEAL IS CRUMBLING FAST

JPMorgan signals a major shift in market sentiment, highlighting fading bitcoin demand as gold captures massive inflows and reasserts dominance in the global safe-haven race.


JPMorgan Warns Bitcoin Is Losing Ground to Gold as Global Flows Shift Dramatically

Good Morning Dinar Recaps

JP MORGAN SAYS BITCOIN'S SAFE-HAVEN APPEAL IS CRUMBLING FAST

JPMorgan signals a major shift in market sentiment, highlighting fading bitcoin demand as gold captures massive inflows and reasserts dominance in the global safe-haven race.


JPMorgan Warns Bitcoin Is Losing Ground to Gold as Global Flows Shift Dramatically

JPMorgan Chase analysts stated Wednesday that bitcoin is no longer riding the wave of safe-haven demand, contrasting sharply with gold’s recent inflows. In a research note, the team led by managing director Nikolaos Panigirtzoglou pointed to clear signs of fading investor appetite for BTC. The JPMorgan analysts stated:

Bitcoin has failed to benefit from the safe haven flows that have been supporting gold
.
They observed that the cryptocurrency has suffered from three consecutive months of exchange-traded fund (ETF) outflows and reduced speculative interest in the futures market.

Gold, in contrast, has drawn consistent flows from both institutional and speculative investors. “Despite a decline in market breadth and liquidity, gold continues to benefit from safe haven flows in a similar fashion to currencies like the Swiss franc and the yen,” the analysts detailed.

 “These safe haven flows are seen in both the ETF and futures spaces.” Global gold ETFs saw $21.1 billion in net inflows in the first quarter of 2025, including $2.3 billion from China and Hong Kong-based ETFs.

Earlier this month, JPMorgan analysts warned that bitcoin’s status as a safe-haven asset may be weakening. They said the cryptocurrency’s “digital gold” narrative is under pressure as gold continues to see stronger demand.

The report also stated that gold is leading the current debasement trade and remains its primary beneficiary. JPMorgan continues to consider BTC’s estimated production cost a key price indicator, despite ongoing concerns. Analysts said gold remains the main asset benefiting from currency debasement. They identified $62,000, bitcoin’s estimated production cost, as a critical support level.

@ Newshounds News™
Source:  
Bitcoin News

~~~~~~~~~

REAL-TIME PAYMENTS SURGE GLOBALLY AS US RAISES LIMITS, BRAZIL DRIVES DIGITAL INCLUSION

The growth of real-time payments has been global in scope, and as detailed in the latest “Real-Time Payments World Map,” a collaboration between PYMNTS Intelligence and The Clearing House, there’s an increasing maturity and broadening adoption of instant payment systems.

Increased transaction limits indicate that a variety of new use cases are coming to the forefront, particularly in commercial settings. A significant development in the United States is the recent increase in The Clearing House’s RTP network transaction limit to $10 million, up from $1 million as of Feb. 9.

The recent boost to transaction limits is leagues above the initial limit. When The Clearing House (TCH) launched its RTP® network in 2017 — the first new payments infrastructure in about 40 years — the transaction limit was $25,000. Jim Colassano, TCH’s senior vice president of RTP Product Development, told PYMNTS in the wake of the $10 million ceiling announcement that, “we’re seeing an explosion of new use cases on the network, and we’re seeing a lot more activity.”

This enhancement has already facilitated substantial intercompany transfers, exemplified by BNY Mellon’s $10 million liquidity management transaction for its client Computershare. The fact that over 285,000 businesses now utilize the RTP rail monthly signals a growing corporate appetite for higher-value instant payments.

Brazil’s ‘Game Changer’

In nations such as Brazil, instant payments are finding wide embrace, as central bank initiatives have proven to be a tailwind. As André Cazotto, investor relations officer, M&A, and corporate strategy officer at PicPay, told PYMNTS in April, “the central bank played a huge role in digital inclusion and competition. Pix — the instant payment system — was a game-changer. In 2024 alone, 155 million people used Pix for transactions totaling over 27 trillion reais.”

The Pix instant payment network is set to introduce a recurring payments feature, Pix Automático, in June. This functionality will streamline recurring billing for both consumers and businesses by automating payments for utilities, streaming services and other regular expenses, potentially reducing reliance on multiple banking partnerships.

The real-time payments ecosystem is also attracting new entrants, particularly in the digital wallet arena. Social media giant X is poised to launch its “X Money Account” in late 2025, partnering with Visa to enable in-platform peer-to-peer payments linked to debit cards via Visa Direct. This move indicates the potential for significant disruption and expanded reach for real-time payments within social media platforms.

Infrastructure providers are also bolstering their capabilities. FIS recently achieved full send capabilities certification for the FedNow® Service, building upon its previous receive-only certification. This advancement allows FIS to support the complete payment lifecycle for its partner banks on the Federal Reserve’s real-time payments rail, including instant payments for various use cases like loans, rent and bills.

@ Newshounds News™
Source:  
PYMNTS

~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 4-20-2025

TNT:

Tishwash:  Al-Sudani chairs a meeting with major foreign oil companies operating in Iraq.

 Prime Minister Mohammed Shia al-Sudani chaired a meeting today, Sunday (April 20, 2025), with the major foreign oil companies operating in Iraq.

The Prime Minister's media office stated in a brief statement received by Baghdad Today that "Al-Sudani chaired a meeting with the major foreign oil companies operating in Iraq." 

TNT:

Tishwash:  Al-Sudani chairs a meeting with major foreign oil companies operating in Iraq.

 Prime Minister Mohammed Shia al-Sudani chaired a meeting today, Sunday (April 20, 2025), with the major foreign oil companies operating in Iraq.

The Prime Minister's media office stated in a brief statement received by Baghdad Today that "Al-Sudani chaired a meeting with the major foreign oil companies operating in Iraq."  link

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

Tishwash:  President of the Republic: Iraq possesses enormous wealth that must be invested in supporting its economy in the best possible way.

President of the Republic, Abdul Latif Jamal Rashid, stressed, on Sunday, that Iraq possesses enormous and diverse wealth that must be invested in supporting its economy in the best possible way.

A presidential statement said that "President of the Republic, Abdul Latif Jamal Rashid, received at the Baghdad Palace, Minister of Industry and Minerals, Khaled Battal Al-Najm."

The President pointed out during the meeting that "Iraq possesses enormous and diverse wealth that must be invested in supporting the Iraqi economy in the best possible way."

The President of the Republic stressed "the importance of this in developing local industry and strengthening the economic situation," noting "the necessity of encouraging and supporting the private sector to contribute alongside the public sector in achieving sustainable development in the country."

For his part, Minister Al-Najm reviewed "the work of the ministry and the projects currently being implemented, in addition to its plans to strengthen the industrial sector in Iraq," expressing "his appreciation for the President's interest and valuable directives."

The statement explained that "the meeting discussed strategic plans aimed at encouraging the work of factories and plants to meet the needs of the local market." link

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

Tishwash:  Bafel Talabani: ‘My Account’ is an Important Project, Misunderstood by the Public

PUK leader Bafel Talabani emphasized on Saturday that the "My Account” project is a vital initiative that is often misunderstood by the public.

Speaking to party media on April 19, Talabani said, "The My Account project is very important and the process is not what people understand. We met with the team and were impressed. We had some comments and we hope they will be implemented.”

He added, "This project is so advanced that it has the support of the Americans and other parties. It is a banking system that serves people’s lives, regardless of what it is called.”

Talabani also confirmed that positive progress has been made in recent negotiations between the Patriotic Union of Kurdistan (PUK) and the Kurdistan Democratic Party (KDP), saying both sides have agreed on core principles and strategies.  link

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

Tishwash:  The "My Account" project threatens to spark massive demonstrations in Kurdistan. 

Dilshad Mirani, head of the Popular Protests Committee in Sulaymaniyah, confirmed on Saturday that preparations are underway for demonstrations and protests by employees of the region in all of Kurdistan's governorates in the coming days.

Mirani said, "The reasons we are holding demonstrations in the region are our rejection of the 'My Account' project and to implement the Federal Court's decision to localize employees' salaries to federal banks."

He added that "demonstrations will take place in a new form in all cities and towns if the issue of localizing employees' salaries is not resolved."  link

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

Mot:  Yeppers!! -- the ole easter bunny logic

Mot: . Waddya Mean!!!???? Jesus in the cave

 

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Iraq Economic News and Points to Ponder Saturday Afternoon 4-19-25

Al-Nusairi Confirms That The Central Bank's Approach To Banking Reform And Development Contributes To Accelerating Iraq's Accession To The World Trade Organization

Banks  Economy News – Baghdad  During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it.

Al-Nusairi Confirms That The Central Bank's Approach To Banking Reform And Development Contributes To Accelerating Iraq's Accession To The World Trade Organization

Banks  Economy News – Baghdad  During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it.

He pointed to the measures achieved in 2023 and 2024 by the Central Bank in cooperation with the government, mainly regarding the regulation of foreign trade financing, the electronic platform, and direct work between banks and international correspondent banks, based on the approved reform and development methodology, official data, and monetary policy indicators for 2024 and the plan for 2025 and 2026, in cooperation with international consulting companies specialized in this field, and compliance with financial globalization and international standards adopted by WTO member states.

Al-Nusairi explained the main points of the banking reform project launched by the Central Bank this month in the presence and participation of the Prime Minister.

He pointed out the customs war launched by the US administration and its effects in the medium and long term on the principles of unifying customs duties.

Customs duties of the member states of the organization, and what are the means of confrontation that will be adopted by the World Trade Organization and the CAT organization concerned with regulating customs duties at the international level.

The workshop was attended by members of the National Governmental Committee for Joining the Organization, in which Iraq currently holds observer status along with 21 other countries, out of 166 countries with full membership. Representatives of relevant ministries, the private sector, and unions were also present.   https://economy-news.net/content.php?id=54595


Al-Sudani: We Seek To Expand The Military Industries Base In Iraq.

Posted on2025-04-19 by sotaliraq  2025-04-19  Prime Minister and Commander-in-Chief of the Armed Forces Mohammed Shia al-Sudani stressed on Saturday his government's efforts to develop and expand Iraq's military industries base.

This came in a speech he delivered at the launch of the 13th Security, Defense, Military Industries, and Cybersecurity Exhibition, being held in the capital, Baghdad.

In his speech, Al-Sudani said, "Through this exhibition, we are clearly seeking to expand the military industries base in Iraq after we established its foundations through laws and the Military Industrialization Authority, and the roar of factories has begun at the level of qualifying light and medium equipment and other military requirements."

He added, "The concept of security is increasingly complex today, encompassing aspects and platforms that did not constitute a security challenge or threat in and of themselves. However, the expanding scope of capabilities available to terrorist and criminal organizations, and the multiplicity of outlets through which they can practice terrorism, crime, recruitment activities, or information hacking, all of this requires special effort and early action, conscious of the importance of fortifying our information systems."

Al-Sudani emphasized the need to preempt the criminal mind with cybersecurity measures, as threats are no longer limited to traditional areas or the human factor of hacking. He explained, “In this regard, our government is working on multiple tracks, including building and training specialized security cadres for information security and electronic protection of service and financial applications, preparing countermeasures for any expected cyber attacks, and securing government data and protecting it from hacking.”   LINK

Basra Oil Achieves Weekly Gains

economy | 10:36 - 04/19/2025  Mawazine News – Baghdad  Basra Heavy and Medium crude oil posted weekly gains after a significant rise in the last session of the week.  Basra Heavy crude closed up $1.34 to $65.31, achieving weekly gains of $3.62, or 5.87%.  Basra Medium crude also rose $1.34 to $68.46, achieving weekly gains of $3.44, or 6.29%.  https://www.mawazin.net/Details.aspx?jimare=260814

The dollar price fell in Baghdad and stabilized in Erbil

Saturday, April 19, 2025, 5:46 PM | Economic  Number of reads: 94  Baghdad / NINA / The dollar prices decreased in Baghdad markets, while they stabilized in Erbil Governorate today.

The dollar prices recorded a decrease with the closing of Al-Kifah and Al-Harithiya stock exchanges, reaching 146,750 dinars for every $100, while the prices recorded this morning 146,900 dinars for every $100.

Selling prices decreased in exchange shops in the local markets in Baghdad, where the selling price reached 147,750 dinars for every $100, while the purchase price reached 145,750 dinars for every $100.

In Erbil, the dollar recorded stability, as the selling price reached 147,050 dinars for every $100, and the purchase price was 146,950 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1198792

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

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 4-19-25

Good Afternoon Dinar Recaps,

XRP NEWS: ETF APPROVAL COULD SUCK UP SUPPLY LIKE A “VACUUM” & PUMP PRICE HIGHER

▪️XRP ETFs could remove coins from market, creating less supply and higher prices.

▪️Analyst predicts XRP price could reach $27 if ETF approval goes through.

▪️BlackRock’s potential ETF involvement could trigger massive XRP demand with its $11 trillion assets.

Good Afternoon Dinar Recaps,

XRP NEWS: ETF APPROVAL COULD SUCK UP SUPPLY LIKE A “VACUUM” & PUMP PRICE HIGHER

▪️XRP ETFs could remove coins from market, creating less supply and higher prices.

▪️Analyst predicts XRP price could reach $27 if ETF approval goes through.

▪️BlackRock’s potential ETF involvement could trigger massive XRP demand with its $11 trillion assets.

A popular crypto analyst from the Good Morning Crypto podcast has made a strong prediction about XRP. He believes that the approval of XRP-based ETFs could trigger massive buying pressure, pushing prices higher. According to him, once proper regulations are in place, both investors and daily users of XRP could find themselves racing to grab what’s left of the supply.

So what’s driving this bullish outlook? Let’s break it down.

XRP ETFs Could Act Like “Vacuum Cleaners”

The analyst explained that Exchange-Traded Funds (ETFs) could play a major role in XRP’s price movement. When someone bu4ys an XRP ETF, the actual XRP gets stored with a qualified custodian, meaning it’s no longer available for trading in the open market. He compared this to giant vacuum cleaners sucking XRP out of circulation.

With already 18 XRP ETF applications on the table, and there’s a speculation that BlackRock, with a AUM of $11 trillion in assets, may enter the space, the potential demand could be massive.

If that happens, a lot of XRP will be taken off the market, which could push the price higher.

Clear Regulation Might Unlock XRP’s Daily Use

At the same time, the analyst believes that under Donald Trump, crypto rules in the U.S. could become clearer & easier. If this happens by August, more businesses might start using XRP for daily payments.

Meanwhile, market makers, the ones who use XRP for regular transactions, would need it every single day. But while they’re using it, they’d also see the price going up because ETFs are buying up the supply.

If this scenario unfolds, XRP may no longer be as cheap or available as it is today.

On the other hand, the Ripple and SEC lawsuits have been paused for the next 60 days. Many believe it could finally come to an end by July or August. This could be a big moment for XRP, possibly pushing its price higher.

How High Can XRP Go, If ETF Approved?

Recently, Coinpedia News reported that Crypto analyst EGRAG Crypto believes XRP has the potential to soar as high as $27 if an XRP ETF gets approved.

As of now, XRP is trading at a much lower price, around $2.08, with a market cap of $121.5 billion.

@ Newshounds News™
Source:  
Coinpedia

~~~~~~~~~

BRICS: HAS CHINESE YUAN MADE INROADS INTO THE WORLD’S RESERVES?

China has aggressively pushed the Chinese yuan as a major payment option for trade settlements between BRICS members since 2022After the White House pressed sanctions on Russia for invading Ukraine, the Xi Jinping administration made use of the turmoil by placing its local currency ahead for cross-border transactions.

Its BRICS counterpart Russia was the top user of the Chinese yuan as it settled major trade deals in the currencyEven countries such as Iran, India, the UAE, Nigeria, and Belarus settled several trade payments in the Chinese yuan. So has the Communist country’s currency grown by leaps and bounds in the world’s reserves? The answer is no.

China has aggressively pushed the Chinese yuan as a major payment option for trade settlements between BRICS members since 2022. After the White House pressed sanctions on Russia for invading Ukraine, the Xi Jinping administration made use of the turmoil by placing its local currency ahead for cross-border transactions.

Its BRICS counterpart Russia was the top user of the Chinese yuan as it settled major trade deals in the currency. Even countries such as Iran, India, the UAE, Nigeria, and Belarus settled several trade payments in the Chinese yuan. So has the Communist country’s currency grown by leaps and bounds in the world’s reserves? The answer is no.

BRICS: Chinese Yuan Made Inroads In International Reserves?

The latest data from The Atlantic Council shows that the Chinese yuan has not made any major inroads in international reserves. Though its usage has slightly increased, it does not create any impact or threaten the dominance of the US dollar. Even BRICS countries are now hesitant to use the Chinese yuan for trade as they believe the Communist nation is using the alliance as a stepping stone for world domination.

BRICS member India stepped back from using the Chinese yuan after settling many trade deals in the currency. The Modi government does not want to promote or use the currency as it can make China much stronger. India and China have been at loggerheads for several decades due to border and trade disputes. Therefore, using their local currency will only empower the opposition and make India look weaker.

The Chinese yuan has a long way to go to even challenge the dominance of the US dollar. Other leading currencies like the euro and pound are yet to dent the USD’s prospects despite being second and third in line. BRICS has little to no chance of making the Chinese yuan reign supreme in the coming decades.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Saturday Morning 4-19-25

Good Morning Dinar Recaps,

RIPPLE ENTERS BROKER-DEALER ARENA AS HIDDEN ROAD GAINS FINRA AUTHORIZATION

Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets.

Ripple’s Hidden Road Gets FINRA Go-Ahead to Expand Prime Brokerage Services

Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its subsidiary, Hidden Road Partners CIV US LLC, received authorization from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.

Good Morning Dinar Recaps,

RIPPLE ENTERS BROKER-DEALER ARENA AS HIDDEN ROAD GAINS FINRA AUTHORIZATION

Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets.

Ripple’s Hidden Road Gets FINRA Go-Ahead to Expand Prime Brokerage Services

Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its subsidiary, Hidden Road Partners CIV US LLC, received authorization from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.

This new designation allows the firm to enhance its capabilities in fixed income prime brokerage. “This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform, which currently includes Fixed Income Repo & Global Funding services,” the company statedadding:

"As a broker-dealer, Hidden Road will now be able to provide new and existing institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets."

Noel Kimmel, president of Hidden Road, framed the milestone as pivotal to the firm’s trajectory in capital markets. Kimmel stated: “Our broker-dealer registration is a significant step in the development of Hidden Road’s fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets.” 

The executive continued: “As a FINRA member, we will be able to bring our best-in-class, technology-driven fixed income service offering to an expanded universe of institutional clients. Our business has tremendous momentum, and we look forward to continuing to provide superior execution and support to our clients amidst today’s exceptionally dynamic market environment.”

Ripple recently announced its acquisition of Hidden Road, a deal valued at $1.25 billion and pending regulatory approval. If completed, it would make Ripple the first digital asset firm to own a global, multi-asset prime broker.

The acquisition aims to expand Ripple’s cross-border payment and custody services. Ripple CEO Brad Garlinghouse commented“We are at an inflection point for the next phase of digital asset adoption – the U.S. market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance.”

Ripple CTO David Schwartz described the deal as transformativestating that XRP could support part of Hidden Road’s daily $10 billion clearing volume and 50 million transactions. “Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP,” he said

The partnership will integrate blockchain-based settlement, use XRP and RLUSD for collateral and cross-asset trades, and aim to establish Hidden Road as the largest non-bank prime broker globally.

@ Newshounds News™
Source:  
Bitcoin News

~~~~~~~~~

BRICS: ONLY 50% OF GLOBAL INVOICES ARE WRITTEN IN THE US DOLLAR

The superiority of the US dollar is declining every year as BRICS and other developing countries are working towards uprooting it from the world’s reserve currency status. The latest data had shown that the US dollar’s reserves around the world had already fallen below the 60% mark. The Atlantic Council reported that the US dollar’s global reserves fell to 59% last year.

That’s a gradual decline since 2002 when the global reserves in central banks stood at 72%The last 23 years saw the USD reserves falling by 13% and the decline could continue further. The decrease falls in line with the BRICS agenda of de-dollarization where the US dollar’s dominancy is getting punctured.

BRICS: Global Invoices in the US Dollar Falls to 50%

Jane Foley, Rabobank’s FX Strategy head said in a recent interview with Bloomberg that the global invoices in the US dollar are now just 50%. The recent data from the SWIFT payment messaging system also shows that global invoices in the US dollar have topped 50.2%BRICS members are now rewriting trade deals where local currencies are used and not the US dollar for cross-border transactions.

“There’s a lose correlation between the amount of invoices done in or written in the US dollars round. About 50% of the world’s invoices are written in the US dollars. So fundamentally central banks need dollar reserves,” said Foley. However, she stressed that the development could change soon. “And I think that will change,” she said

“Over the last 40-50 years, the share of the world’s trade from the US dollar has shrunk really because China’s growth in the emerging markets are great, but that is still nearly 60% of reserves,” she saidIf BRICS continues the de-dollarization agenda, the US dollar could lose more value in the coming decades.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 4-19-2025

TNT:

Tishwash: Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization. 

During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it.

He pointed to the measures achieved in 2023 and 2024 by the Central Bank in cooperation with the government, mainly regarding the regulation of foreign trade financing, the electronic platform, and direct work between banks and international correspondent banks

TNT:

Tishwash: Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization. 

During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it.

He pointed to the measures achieved in 2023 and 2024 by the Central Bank in cooperation with the government, mainly regarding the regulation of foreign trade financing, the electronic platform, and direct work between banks and international correspondent banks

Based on the approved reform and development methodology, official data, and monetary policy indicators for 2024 and the plan for 2025 and 2026, in cooperation with international consulting companies specialized in this field, and compliance with financial globalization and international standards adopted by WTO member states.

Al-Nusairi explained the main points of the banking reform project launched by the Central Bank this month in the presence and participation of the Prime Minister.

He pointed out the customs war launched by the US administration and its effects in the medium and long term on the principles of unifying customs duties. 

Customs duties of the member states of the organization, and what are the means of confrontation that will be adopted by the World Trade Organization and the CAT organization concerned with regulating customs duties at the international level.

The workshop was attended by members of the National Governmental Committee for Joining the Organization, in which Iraq currently holds observer status along with 21 other countries, out of 166 countries with full membership.

Representatives of relevant ministries, the private sector, and unions were also present.  link

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

Tishwash:  Al-Karawi: Failure to send budget tables is a constitutional violation.

Member of the Parliamentary Finance Committee, MP Mustafa Al-Karawi, confirmed on Friday that the government's delay in sending the budget tables constitutes a clear violation of the provisions of Article (77/Second) of the Budget Law, calling on the House of Representatives to take its role in holding the government accountable for this legal violation.

Al-Karawi told Al-Maalouma, “The government was legally obligated to submit budget schedules before the end of the previous fiscal year, but four months have passed without it complying with this, which constitutes a clear violation of the law and a failure to fulfill its constitutional duties.”

He added, “The delay in the 2024 and 2025 budget schedules is a serious indicator of administrative and oversight shortcomings within the relevant projects government institutions, which negatively impacts and implementation plans.”

Al-Karawi pointed out that “90% of the budget depends on oil revenues, at a time when the global market is experiencing sharp fluctuations, which makes basing a three-year budget on an unstable resource an ill-considered move.”

He pointed out that "the 2024 budget arrived late, was sealed by prior political agreement, and was not subject to a genuine review within Parliament. Despite containing fundamental problems, the results of which have begun to become apparent through the suspension of projects and the delay in referral and implementation."

Al-Karawi stressed that “Parliament is required to exercise its oversight role and hold the government accountable for this negligence, which could cause significant harm to the national economy and development plans.”  link

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

Tishwash:  The most prominent of which are "thorium and uranium"... Iraq: Our natural resources are estimated at (16) trillion dollars.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq ranks ninth globally among countries rich in natural resources, while pointing to a move to invest in strategic minerals whose revenues rival those of oil .

According to the official agency, the Prime Minister's financial advisor, Mazhar Mohammed Salih, "Iraq ranks ninth among the world's ten richest countries in terms of natural resources, with its wealth in precious metals, minerals, and other resources estimated at at least $16 trillion, according to preliminary global estimates ."

He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer of its vast and diverse geography, particularly in the Mesopotamia Basin region, which is rich in underground resources ."

He explained that "investing in strategic minerals such as thorium and uranium could generate returns comparable to those of oil, as thorium is a cleaner and more important alternative for energy generation compared to uranium." He noted that "linking the value of the national currency to investment in these minerals depends on Iraq's ability to enter value-added chains, which contributes to raising the gross domestic product ."

He added that "the discovery of large quantities of thorium and uranium in southern Iraq represents 'strategic news' that will have a significant impact on diversifying the national economy if exploited optimally, especially if linked to the investment policies associated with the Development Road Project ."

Saleh emphasized that "advancing the exploration and manufacturing processes for these two resources will pave the way for the development of non-oil resources, enhancing Iraq's global geo-economic position. Furthermore, this development will chart the outlines of a new industrial map linked to the path of development, establish a sustainable future, attract major global mining companies with advanced technological capabilities, and provide quality job opportunities within the Iraqi market ."

He pointed out that "this boom in mineral investment will have a positive impact on fiscal and monetary policy, by enhancing monetary stability and increasing national income, which will contribute to improving citizens' well-being ."

He continued, "The importance of thorium and uranium minerals in the global energy market, and the presence of major economic partners such as India, China, and the United States, make Iraq a pivotal player in the field of unconventional fuel resources and an influential center in facilitating international security and energy paths  link

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

Mot:  Where there is a Will - there is a Way!  

Mot: blue ones --- Now Wait a Moment!!! 

 

 

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MilitiaMan & Crew Iraqi News-Port of Faw Gateway Development-Heart of the Region-$16 Trillion in non oil assets

MilitiaMan & Crew Iraqi News-Port of Faw Gateway Development-Heart of the Region-$16 Trillion in non oil assets

4-19-2025

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

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

MilitiaMan & Crew Iraqi News-Port of Faw Gateway Development-Heart of the Region-$16 Trillion in non oil assets

4-19-2025

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=DcMSccXE3M0

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New Gold-Backed Sound Money Plan Revealed | Judy Shelton

Trump vs Powell - New Gold-Backed Sound Money Plan Revealed | Judy Shelton

Soar Financially:  4-18-2025

In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system.

We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America. -Why is the Fed too powerful?

Trump vs Powell - New Gold-Backed Sound Money Plan Revealed | Judy Shelton

Soar Financially:  4-18-2025

In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system.

We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America. -Why is the Fed too powerful?

Could gold-backed 50-year bonds anchor the dollar?

And is the U.S. actually “cheating” in global markets?

00:00 - The Fed Is Too Powerful

00:43 - Meet Judy Shelton: Credentials & Mission

01:30 - What’s Wrong with the U.S. Economy Today?

 03:20 - Ending Dependence on Government Overspending

 05:00 - Trump’s Agenda: Rebuilding Manufacturing & Fair Trade

07:00 - Currencies vs. Tariffs: What Really Impacts Trade?

 09:30 - Bretton Woods, Gold & Stable Exchange Rates

11:00 - Currency Manipulation = Cheating

13:00 - Can We Create a New Global Monetary System?

15:00 - Free Markets vs. Currency Rigging 17:00 - Friedman, Hayek & Gold: Which Path Forward?

20:00 - Is the U.S. Rigging the Dollar?

21:00 - Gold-Backed Bonds: Mechanics & Meaning

25:00 - The $1 Trillion Windfall from U.S. Gold Reserves

 28:00 - Fixing the Fed’s Role in a Free Market

30:00 - Who Really Benefits from Fed Policy?

32:00 - Rescind Interest on Reserves?

33:30 - Should the U.S. Lead the World With Gold-Backed Bonds?

36:00 - Why Gold Is Surging — And What It Signals

 40:00 - Final Question: What Should We Really Be Asking?

43:00 - Would Judy Become Fed Chair?

 46:00 - Follow Judy Shelton

https://www.youtube.com/watch?v=1By_XSde6Qk

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Iraq Economic News and Points to Ponder Friday Afternoon 4-18-25

Iraq Is Ranked Ninth Globally Among Countries Rich In Natural Resources.

Money and Business  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq ranks ninth globally among countries rich in natural resources, while pointing to a move to invest in strategic minerals whose revenues rival those of oil.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, said, "Iraq ranks ninth among the world's ten richest countries in terms of natural resources, with its wealth in precious metals, minerals, and other resources estimated at at least $16 trillion, according to preliminary global estimates."

Iraq Is Ranked Ninth Globally Among Countries Rich In Natural Resources.

Money and Business  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq ranks ninth globally among countries rich in natural resources, while pointing to a move to invest in strategic minerals whose revenues rival those of oil.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, said, "Iraq ranks ninth among the world's ten richest countries in terms of natural resources, with its wealth in precious metals, minerals, and other resources estimated at at least $16 trillion, according to preliminary global estimates."

He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer of its vast and diverse geography, particularly in the Mesopotamia Basin region, which is rich in underground resources."

He explained that "investing in strategic minerals such as thorium and uranium could generate returns comparable to those of oil, as thorium is a cleaner and more important alternative for energy generation compared to uranium.

" He noted that "linking the value of the national currency to investment in these minerals depends on Iraq's ability to enter value-added chains, which contributes to raising the gross domestic product."

He added that "the discovery of large quantities of thorium and uranium in southern Iraq represents 'strategic news' that will have a significant impact on diversifying the national economy if exploited optimally, especially if linked to the investment policies associated with the Development Road Project."

Saleh emphasized that "advancing the exploration and manufacturing processes for these two resources will pave the way for the development of non-oil resources, enhancing Iraq's global geo-economic position.

Furthermore, this development will chart the course for a new industrial map linked to the path of development, lay the foundation for a sustainable future, and attract major global mining companies with advanced technological capabilities, in addition to providing quality job opportunities within the Iraqi market."

He pointed out that "this boom in mineral investment will have a positive impact on fiscal and monetary policy, by enhancing monetary stability and increasing national income, which will contribute to improving citizens' well-being."

He continued, "The importance of thorium and uranium minerals in the global energy market, and the presence of major economic partners such as India, China, and the United States, make Iraq a pivotal player in the field of unconventional fuel resources and an influential center in facilitating international security and energy paths."   https://economy-news.net/content.php?id=54581

Despite Its Decline, Gold Prices Are Heading Towards Weekly Gains.

Money and Business    Economy News - Follow-up   Gold prices fell on Friday, following a sharp rise in the previous session, as investors booked profits ahead of a long weekend. However, a weaker dollar and escalating trade tensions between the United States and China kept prices above $3,300 per ounce.

Spot gold prices fell 0.5% to $3,326.51 per ounce, after hitting a record high of $3,357.40 earlier in the session. Gold has gained nearly 3% this week, while US gold futures fell 0.5% to settle at $3,328.40.

As for other metals, spot silver prices fell 0.9% to $32.46 per ounce, platinum fell 1% to $957.18, and palladium fell 2.3% to $949.72.    https://economy-news.net/content.php?id=54572

Arab Parliamentary Delegations Arrive In Baghdad To Participate In The Arab Parliament Conference.

Friday, April 18, 2025, 4:57 PM | Politics Number of reads: 103  Baghdad / NINA / Arab delegations representing members of the parliaments of Saudi Arabia, Bahrain, Egypt, Morocco, Algeria, Palestine, Mauritania and Lebanon arrived in the capital, Baghdad, on Friday, to participate in the Arab Parliament Conference, which will be held in Baghdad from April 19 to 21, 2025.

The House of Representatives will host the meetings of the Arab Parliament and its permanent committees, which will start tomorrow, Saturday, under the patronage of Parliament Speaker Mahmoud Al-Mashhadani, with the attendance of 60 representatives of parliaments of Arab countries.

The Parliament will begin its work with a joint meeting between Parliament Speaker Mahmoud Al-Mashhadani and Arab Parliament Speaker Mohammed Ahmed Al-Yamahi, marking the start of the Parliament's meetings, followed by a session of the Palestine Committee, then the meetings of the Arab Parliament's permanent committees, which are four committees, will begin, and the activities will conclude with the fourth session of the first session of the fourth legislative term of the Arab Parliament, on Monday, April 21.

The parliament's agenda includes a training workshop for its members on Sunday, April 20, in the Shabibi Hall of the House of Representatives, under the title "Artificial Intelligence Tools in Parliamentary Work."

A meeting of the Arab Parliament's Bureau will be held in the meeting room of the Speaker's Office, attended by the Parliament Speaker, his deputies, and heads of standing committees. The meeting will be held in the meeting room of the Speaker's Office.

The Arab Parliament is the legislative arm of the League of Arab States, established within the framework of the League of Arab States pursuant to a decision by its Council at the summit level on March 23, 2005, in Algiers, as a transitional parliament for a period of five years. Its mandate was extended for an additional two years.

It is also considered a space for practicing the principles of Shura, democracy, freedom, and human rights, a tool for dialogue and decision-making, a popular driving force for the Arab working system, and an effective partner in formulating joint Arab policy.

It also affirms the principle of expanding political participation as a basis for democratic development in Arab countries and strengthening ties between Arab peoples.

The Arab Parliament consists of (88) members, four members for each member state of the League of Arab States, which number (22). The Parliament has four permanent committees, namely: the Foreign, Political and National Security Affairs Committee, the Economic and Financial Affairs Committee, the Legislative, Legal and Human Rights Affairs Committee, and the Social, Educational, Cultural, Women and Youth Affairs Committee. Each committee consists of (22) members.

The legislative term of the Arab Parliament consists of four sessions, where the session begins in October and ends in June of each year. The Arab Parliament holds its general sessions at the headquarters of the League of Arab States in Cairo./
https://ninanews.com/Website/News/Details?key=1198538

 

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

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Seeds of Wisdom RV and Economic Updates Friday Morning 4-18-25

Good Morning Dinar Recaps,

ARIZONA LEADS CRYPTO RESERVE LEGISLATION RACE AS SB 1373 PASSES HOUSE COMMITTEE

▪️The Arizona Strategic Digital Assets Reserve Bill passed the House committee on Thursday.

▪️The bill, which calls for the creation of a strategic reserve, now awaits a final reading and full floor vote before reaching the governor’s desk for approval.

Good Morning Dinar Recaps,

ARIZONA LEADS CRYPTO RESERVE LEGISLATION RACE AS SB 1373 PASSES HOUSE COMMITTEE

▪️The Arizona Strategic Digital Assets Reserve Bill passed the House committee on Thursday.

▪️The bill, which calls for the creation of a strategic reserve, now awaits a final reading and full floor vote before reaching the governor’s desk for approval.

Arizona's Strategic Digital Assets Reserve Bill, or "SB 1373," passed the House committee on Thursday. It now awaits a third reading and a full floor vote before reaching the governor's desk for final approval.

The SB 1373 bill proposes the creation of a digital assets strategic reserve fund, which would consist of funds appropriated by the legislature and crypto assets seized by authorities.

The bill notes that the state treasurer would be allowed to deposit seized crypto into the fund via a qualified custody solution or a state-registered exchange-traded product, and that the treasurer may loan digital assets from the fund for additional returns.

"The state treasurer may not invest more than ten percent of the total amount of monies deposited in the fund in any given fiscal year," the bill says.

According to SB 1373, the term "digital assets" include virtual currency, virtual coin, and cryptocurrencies, which encompass bitcoin, stablecoins, non-fungible tokens, and other blockchain-based assets that carry economic or access rights.

A separate bill — the Arizona Strategic Bitcoin Reserve Act (SB 1025) — also passed the House on April 1. If enacted, SB 1025 would allow state funds to invest up to 10% in "virtual currency holdings."

However, Arizona's crypto reserve bills may face a significant roadblock in the legislative progress as Governor Katie Hobbs vowed to veto all bills until the legislature passes a disability funding measure.

Several other U.S. states are currently advancing crypto-related legislation. According to data from bitcoin legislation researcher Bitcoin Laws, Arizona has made the furthest progress in passing the digital asset reserve legislation, followed by Texas and New Hampshire.

@ Newshounds News™
Source:  
The Block

~~~~~~~~~

RUSSIA MULLS LOCAL STABLECOIN ISSUANCE TO CIRCUMVENT SANCTIONS

A Deputy Director at the Russian Finance Ministry, Osman Kabaloev, has floated the idea of Russia launching a stablecoin to help with import and export payments. Over the last three years, Russia has tried numerous routes to circumvent sanctions given its access to Swift for cross border payments is blocked.

 A current popular route is the use of stablecoins, and Tether in particular. However, in early March, Tether froze $28.5 million in funds belonging to sanctioned Russian crypto exchange Garantex, causing it to suspend services.

“That blocking that recently happened… makes us think that we need to look at creating internal instruments like USDT, possibly tied to other currencies, like they do in the Emirates – a stablecoin for the dirham – and in many other countries,” Kabaloev said at a conference of the Association of Russian Banks, according to Reuters. He was referring to the recent launch of the AE Coin, a dirham stablecoin authorized by the Central Bank of the UAE. Notably, the dirham is pegged to the dollar.

This isn’t the first report about Russian stablecoins. Last August there were reports of plans to issue a stablecoin in the Chinese yuan as well as a BRICS basket. It’s unclear whether China’s government would support a yuan stablecoin or would prefer the use of its CBDC.

The yuan is relevant because a significant proportion of Russia’s cross border payments have now shifted to the Chinese currency.

Tokenization & crypto for cross border payments

Russia already has two experimental programs that can be used for cross border payments. It has digital financial asset (DFA) issuance, its regulated tokenization regime that was launched before the Ukraine invasion. This supports assets such as tokenized gold or oil, and Iran said it was working with Russia on using tokenized assets for payments.

DFAs were originally intended for domestic investments, but a year ago Russia passed a law allowing DFAs to be used for cross border payments. Around the same time, local ratings agency ACRA highlighted frictions for foreign DFA holders because they’d have to onboard with Russian banks.

Russia’s central bank is not a big fan of cryptocurrencies, and initially resisted their use for cross border payments. However, late last year a new experimental program was launched to support the use of cryptocurrencies for imports and exports.

Mr Kabav also mentioned proposals the Central Bank subloemitted for crypto trading.

On the payments front he said“Pilot transactions were conducted at the end of December, and now the mechanism is gaining momentum. Therefore, we hope that we will only strengthen and expand this area.”

At the same time Russia is working on a digital ruble central bank digital currency (CBDC), and there’s been much talk of a BRICS Bridge. That’s a planned cross border CBDC payment system for local currency payments amongst the ten BRICS member states.

@ Newshounds News™
Source:  
Ledger Insights

~~~~~~~~~

RUSSIAN SENATOR ANTICIPATES CREATION OF BRICS+, DOZENS OF NATIONS POTENTIALLY INVOLVED

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants
The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Russian Senator Reveals Future Creation of BRICS+ Geopolitical Group

The BRICS alternative bloc, composed of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emiratesis now seeking to expand its reach and influence to other countries through BRICS+.

Konstantin Kosachev, a Russian Senator of the Federation Council, said the bloc will deploy this new initiative to put dozens of allied countries in direct contact with the organization.

Kosachev stated:

This will not be a closed association for BRICS countries and partners, but rather a broader platform aimed at including the maximum number of participants.

The Russian Senator noted that several nations, including China, Iran, the United Arab Emirates, Ethiopia, South Africa, and Brazil, the current president of BRICS, had expressed their support for the BRICS+ initiative. “Several other countries are still considering their positions, but in this case, as within the entire association, we do not impose our will or attempt to enforce a single discipline,” he clarified.

The idea would be discussed during the next Parliamentary Forum in June, where representatives of the member states and allied nations will be present. “We hope to reach some decisions to formalize this initiative on the platform of the Inter-Parliamentary Union during the autumn assembly,” Kosachev concluded.

The news hints at a new level of cooperation between the BRICS bloc and its allies centered in the BRICS+ initiative, which could be used to coordinate binding economic and governance policies seeking to strengthen the group’s position in the face of the current financial turmoil and market uncertainty.

Per Russian Foreign Minister Sergey Lavrov’s statements, these measures could include adopting a common payment system, which will also be available for countries outside the group.

@ Newshounds News™
Source: 
Bitcoin News

~~~~~~~~~

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“Tidbits From TNT” Friday Morning 4-18-2025

TNT:

Tishwash:  In a meeting with Al-Sudani, Oman offers a digital partnership to Iraq.

Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Saeed bin Hamoud al-Maawali.

 According to a statement from his office, a copy of which was received by {Euphrates News}, Al-Sudani welcomed the Omani minister and sent his greetings to the Sultan of Oman.

Al-Sudani pointed out that "the level of development, employment, and investment in Iraq, including the telecommunications sector, has advanced and improved, thanks to the political, security, and social stability the country is witnessing, as well as the economic renaissance," stressing that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two

TNT:

Tishwash:  In a meeting with Al-Sudani, Oman offers a digital partnership to Iraq.

Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Saeed bin Hamoud al-Maawali.

 According to a statement from his office, a copy of which was received by {Euphrates News}, Al-Sudani welcomed the Omani minister and sent his greetings to the Sultan of Oman.

Al-Sudani pointed out that "the level of development, employment, and investment in Iraq, including the telecommunications sector, has advanced and improved, thanks to the political, security, and social stability the country is witnessing, as well as the economic renaissance," stressing that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two countries."

For his part, Al-Maawali praised Iraq's achievements on various fronts, reviewing "the results of his discussions in Baghdad," and affirming "the readiness of his country's public and private sectors to cooperate with Iraq in the field of the digital economy and digital government."

 Al-Maawali also expressed his country's "readiness to cooperate in the ports and airports sectors by investing in projects related to various Iraqi airports."  link

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

Tishwash:  What are the consequences of basing the budget on an oil price of $55?

 Economic analyst Abdul Rahman al-Mashhadani warned on Thursday of the repercussions of basing the oil price at $55 per barrel on the general budget law. He noted that this measure will lead to a financial deficit exceeding 80 trillion dinars, threatening a stifling economic crisis in the country.

Al-Mashhadani told Al-Maalouma, “Adopting a price of $55 per barrel in the budget is unrealistic in light of the ongoing fluctuations in global markets, and could result in a huge financial deficit that would exacerbate Iraq’s economic and financial crises.”

He added, “Some experts believe that reducing the price of oil to $55 per barrel could increase the fiscal deficit, reflecting the inaccuracy of this budgeting mechanism.” He emphasized that "continuing this approach could lead Iraq to a real economic catastrophe."

Al-Mashhadani pointed out that "the only solution lies in the government's deliberate reduction of operating and investment expenditures and its efforts to diversify sources of income instead of relying entirely on oil revenues." He called for "the development of a comprehensive economic reform plan that relies on the private sector, agriculture, industry, and tourism as alternative and sustainable sources."

A number of experts suggested that calculating the price of a barrel of oil at $55 is the most appropriate option to address the current financial crisis, given the realism it provides in the estimates and the avoidance of falling into a larger budget deficit.   link

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

Tishwash:  A budget hanging on an oil thread.. The cost per barrel reveals the depth of the rift between Baghdad and Erbil.

 Member of the Oil and Gas Committee, MP Ali Shaddad, confirmed today, Friday (April 18, 2025), that Article (12) of the Triennial Budget Law represents one of the most prominent reasons for the delay in sending the 2025 budget tables to the House of Representatives, explaining that it sparked a sharp dispute between the federal government and the Kurdistan Regional Government.

Shaddad's media office said in a statement received by "Baghdad Today", that "the budget schedules for the year 2025, which the government is supposed to send to the House of Representatives for approval, may be delayed due to the lack of agreement on Article (12) of the Triennial Budget Law, in addition to the decline in oil prices." 

He added that "the decline in oil prices will contribute to the exacerbation of the financial deficit in the budget," indicating that "the latter was built on the basis of an estimated price per barrel of (70) dollars, which is no longer realistic in light of the decline in prices, in addition to the accumulated deficit from the past two years." 

Shaddad continued, "The government is concerned about the financial obligations that may be imposed by the budget schedules," noting that "the latter has announced on more than one occasion that it is suffering from a severe shortage of financial liquidity." 

He stressed that "this shortage will not affect the salaries of employees and retirees, but it may lead to delays in the disbursement of certain financial dues, such as bonuses and promotions, as well as delays in the release of governorate budgets."  link

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Mot: Started the Day off with ~~~~~

Mot: . and Ur Bunny Name is ~~~~~~ 

 

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MilitiaMan & Crew:  Iraq Dinar-Prime Minister of the Region to Al-Sudani to Activate Article 140 - Resolving Article 140

MilitiaMan & Crew:  Iraq Dinar-Prime Minister of the Region to Al-Sudani to Activate Article 140 - Resolving Article 140

4-17-2025

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

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

MilitiaMan & Crew:  Iraq Dinar-Prime Minister of the Region to Al-Sudani to Activate Article 140 - Resolving Article 140

4-17-2025

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=56ILrDUai7k

 

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Iraq Economic News and Points to Ponder Thursday Afternoon 4-17-25

Parliament's Finance Committee Expects The 2025 Budget To Be Unavailable At This Time: Its Deficit Will Reach 60 Trillion Dinars.

Local | 10:09 - 04/17/2025  Mawazine News – Baghdad  Parliament's Finance Committee said on Thursday that it is unlikely that the 2025 budget will be submitted at the present time, while it expected its deficit to be 60 trillion dinars.

Committee member Jamal Koujar said, according to the official newspaper: "We expect that the current year's general budget tables will not reach parliament at the present time, due to the decline in oil prices, as it was based on a price of $70 per barrel."

Parliament's Finance Committee Expects The 2025 Budget To Be Unavailable At This Time: Its Deficit Will Reach 60 Trillion Dinars.

Local | 10:09 - 04/17/2025  Mawazine News – Baghdad  Parliament's Finance Committee said on Thursday that it is unlikely that the 2025 budget will be submitted at the present time, while it expected its deficit to be 60 trillion dinars.

Committee member Jamal Koujar said, according to the official newspaper: "We expect that the current year's general budget tables will not reach parliament at the present time, due to the decline in oil prices, as it was based on a price of $70 per barrel."

He stressed that "if the old price is adopted, the deficit will be around 60 trillion dinars, in addition to an actual deficit accumulated from the past two years."  https://www.mawazin.net/Details.aspx?jimare=260794

Iraq And The United States Of America Discuss Strengthening Bilateral Relations In Various Fields

Thursday, April 17, 2025 10:21 PM | Politics Number of readings: 16   Baghdad / NINA / The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Mohammed Hussein Mohammed Bahr Al-Uloom, received at the ministry's headquarters in Baghdad the Deputy Chief of the US Mission to Iraq, Elizabeth Trudeau, and her accompanying delegation.

A statement by the Ministry of Foreign Affairs stated that during the meeting, ways to enhance bilateral relations between Iraq and the United States in various fields of common interest were discussed.

Bahr Al-Uloom stressed Iraq's keenness to develop frameworks for bilateral cooperation, especially in the fields of energy, electricity, economy, education, health, technology transfer, and capacity building.

He pointed to the importance of the meetings of the Higher Coordination Committee emanating from the Strategic Framework Agreement, calling for expediting their convening and activating new cooperation mechanisms that embody mutual interests and the progress Iraq is witnessing in the security, economic, and development fields.

The two sides also discussed the importance of exchanging official visits between the two countries, given their role in strengthening ties of cooperation, in addition to discussing the ongoing preparations for a number of upcoming visits.

Trudeau expressed the United States' readiness to enhance bilateral cooperation, affirming her government's commitment to supporting the Iraqi government's efforts, and praising Iraq's active role in consolidating stability in the region. /End  https://ninanews.com/Website/News/Details?key=1198429

Reconstruction: World Bank Financing Of Projects Will Create Jobs And Support The Private Sector

Reconstruction and construction   Economy News – Baghdad   The Ministry of Construction and Housing confirmed on Thursday that the World Bank's facilities will contribute to improving public services in remote and deprived areas, while explaining that the World Bank's financing of projects will create job opportunities and support the private sector.

“The World Bank’s provision of project financing facilities will contribute to expanding the scope of reconstruction with infrastructure services, such as the construction and rehabilitation of water purification plants and sewage treatment plants, as well as road projects, especially in areas that have not been previously implemented and that need these services,” said ministry spokesman Nabil Al-Saffar in an interview followed by “Al-Eqtisad News.”

 He pointed out that “they contribute to improving public services, especially in remote and deprived areas or those affected by wars and terrorist operations.”

He added, "These projects contribute to creating job opportunities and supporting the private sector by providing financing and supporting economic reforms in the country." He noted that "an agreement was previously concluded between the Iraqi government and the World Bank for Reconstruction and Development in 2015 to reconstruct areas affected by terrorist operations."

He explained that, "according to this agreement, 20 projects were completed, distributed among 20 districts and sub-districts within three governorates (Salah al-Din, Diyala, and Anbar), including the rehabilitation of water and sewage stations, with the number of beneficiaries reaching approximately 3 million people, in addition to a number of projects to equip specialized equipment for the municipal, water, and sewage sectors."   https://economy-news.net/content.php?id=54542

Oman Offers Iraq Cooperation In Ports And Airports Through Investment.

Buratha News Agency1442025-04-17   Prime Minister Mohammed Shia al-Sudani received Omani Minister of Transport, Communications and Information Technology Said bin Hamoud al-Maawali on Thursday, with the latter offering cooperation in the ports and airports sectors through investment.

A statement from his office stated that "Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud al-Maawali."

According to the statement, Al-Sudani expressed his "welcome to the Omani minister, sending his greetings to the Sultan of Oman," noting "the progress and advancement of the level of development, the labor sector, and investments in Iraq, including the communications sector, thanks to the political, security, and social stability and economic renaissance the country is witnessing."

The Prime Minister stressed that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two countries."

For his part, Al-Maawali praised "what has been achieved in Iraq on various fronts and reviewed the results of his discussions in Baghdad, affirming the readiness of his country's public and private sectors to cooperate with Iraq in the field of the digital economy and digital government. He also expressed his country's willingness to cooperate in the ports and airports sectors by investing in projects related to various Iraqi airports."   https://burathanews.com/arabic/news/458947

 

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

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