Iraq Economic News And Points To Ponder Tuesday Morning 4-29-25

A State-Owned Bank Details The Mechanism For Obtaining The 200 Million Dinar Loan

Banks   Economy News – Baghdad  Rashid Bank announced on Monday details of the mechanism for obtaining a home purchase loan worth up to 200 million dinars, allocated to employees whose salaries are domiciled with the bank and citizens in general.  The bank explained in a statement received by Al-Eqtisad News that the loan will be disbursed in two installments:

The first installment is disbursed after submitting the documents required to open a statement from the Real Estate Registration Department. It amounts to 50 million dinars if the requested loan amount is 100 million dinars or more, and 25 million dinars if it is less than 100 million dinars.

The second payment is disbursed after the mortgage transaction is completed.

He pointed out that if the borrower wishes to obtain the full loan amount, he can submit an alternative real estate deed in his own name or in the name of a third party, and mortgage it to the bank for a period of six months until the new property is submitted. A property registered in the borrower's name may also be accepted to obtain the full loan.

The bank explained that the guarantees include mortgaging the property to the bank, with a guarantor covering half the loan amount and interest from the guarantor's salary. The bank may accept more than one guarantor if necessary, provided their salary is domiciled with the bank. https://economy-news.net/content.php?id=54905

The Minister Of Foreign Affairs Stresses The Need To Simplify Consular Services Provided To The Iraqi Community In The United States And Improve Their Quality

Monday, April 28, 2025 9:50 PM | Politics Number of reads: 197  Baghdad / NINA / Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein stressed the need to simplify consular services provided to the Iraqi community in the United States and improve their quality.

A statement by the Ministry of Foreign Affairs said: "The Minister visited the Embassy of the Republic of Iraq in Washington, on Monday, where he met with the Iraqi Ambassador to the United States of America, Nizar Al-Khairallah, and members of the embassy staff."

The visit came, according to the statement, within the framework of following up on the progress of diplomatic work and strengthening relations between Iraq and the United States, coinciding with the discussions that the Minister is holding with American officials during his current visit to Washington.

During the meeting, the Foreign Minister discussed with the embassy staff ways to develop the strategic partnership between the two countries, especially in the political, security and economic fields, in line with the agreements signed between the two sides, foremost of which is the Strategic Framework Agreement.

The meeting also discussed, according to the statement, the ongoing preparations for the meeting of the Joint High Committee between Iraq and the United States, scheduled to be held soon, which will discuss cooperation in several fields, stressing the importance of good preparation for these meetings.

The Minister praised the great efforts made by the Ambassador and the embassy staff in this framework, pointing to  the importance of strengthening coordination between the two countries in light of the current regional developments.

In the same context, Fouad Hussein stressed the need to simplify consular services provided to the Iraqi community in the United States, stressing the importance of improving their quality.

For his part, Ambassador Nizar Al-Khairallah expressed his appreciation for this visit, describing it as “a supportive step for diplomatic work that comes in light of the great circumstances and challenges facing the region.” /End   https://ninanews.com/Website/News/Details?key=1223643

In Cooperation With The United Nations Development Programme, The Ministry Of Planning Discusses Updating The Private Sector Strategy (2014-2030)

Monday, April 28, 2025 17:46 | Economic Number of reads: 143  Baghdad/ NINA / The Ministry of Planning, in cooperation with the United Nations Development Program, held a workshop on Monday to update the private sector strategy (2014-2030).

Sabah Jundi Mansour, Director General of the Economic and Financial Policies Department, chaired the workshop. He explained that the private sector is a fundamental pillar for achieving sustainable economic development, as it represents an effective partner in building a diversified and strong national economy.

He affirmed the committee's commitment to strengthening the role of this sector by developing a clear and integrated vision that responds to current challenges and invests in future opportunities.

He pointed out that this workshop represents an important step in a long path that requires concerted efforts and active participation from all parties, including the government, the private sector, civil society, and international partners. He pointed out that the success of updating this strategy depends on transparent dialogue, creative ideas, and a shared vision aimed at creating a stimulating economic environment that generates job opportunities and enhances innovation and investment.

He emphasized the government's endeavor to support the private sector to be a major driver of growth and economic development in the long term. https://ninanews.com/Website/News/Details?key=1223611

Al-Atwani: Oil Price Fluctuations Require Us To Seek Alternative Sources Of Revenue.

Money and Business  Economy News – Baghdad   Parliamentary Finance Committee Chairman Atwan al-Atwani stressed on Monday that fluctuating oil prices and their impact on the budget require us to seek alternative and sustainable sources of revenue.

A committee statement, seen by Al-Eqtisad News, stated that "the Parliamentary Finance Committee, headed by Atwan Al-Atwani, held an expanded two-day workshop to discuss ways to maximize revenues, in cooperation with the International Partners Foundation, with the participation of experts, consultants, university professors, and relevant official bodies."

The statement added, "The workshop focused on discussing the proposed amendments to the Federal Revenue Control Authority Law, where many opinions and proposals were put forward that revolved around the need to activate the work of the Authority, and to strengthen and activate...

And to activate its powers, particularly with regard to the process of assessing state revenues and the means of collecting them, with the aim of preserving public funds and promoting sustainable development.

Al-Atwani noted that "the workshop is at the heart of our efforts to enhance the country's financial sustainability and represents a real opportunity to come up with practical, applicable recommendations that contribute to achieving our shared goals.

" He added that "our fruitful cooperation with the International Partners Foundation represents a valuable addition to our efforts, and we appreciate their support and expertise in this vital field."

He noted that "exchanging expertise and knowledge with leading international institutions will undoubtedly contribute to enriching discussions and providing innovative solutions."

Al-Atwani stressed, according to the statement, that "the fluctuations in oil prices and their impact on the budget require us to seek alternative and sustainable sources of revenue."

He noted that "the path to a sustainable economy may be fraught with challenges, but it is also rich with opportunities," stressing that "the Parliamentary Finance Committee looks forward to this workshop being a true starting point toward building a more stable and prosperous economic future."

He continued, "Our economy's decades-long dependence on oil revenues has made the country's financial situation fragile and weakened our ability to achieve sustainable development goals. This requires serious work to overcome this 'single dependence'." He emphasized that "economic diversification is no longer a complementary option, but rather an urgent necessity and a strategic imperative for building a multifaceted economy based on diverse productive and service sectors capable of generating wealth and creating added value.

" He noted at the same time that it is "the best way to protect our economy against external shocks, expand the base of economic growth, and provide sustainable opportunities for our future generations."

He pointed out that "the ongoing fluctuations in oil prices and their impact on the state's general budget require us to seek alternative and sustainable sources of revenue that will contribute to financing development projects and improving services."https://economy-news.net/content.php?id=54923

Al-Sudani Stresses The Importance Of The Project Financing Initiative And Its Effective Impact On The Growth Of The Industrial Sector

Banks   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani stressed on Monday the importance of the project financing initiative and its effective impact on the growth of the country's industrial sector. He noted that launching initiatives must be credible, with the necessary infrastructure in place.

The Prime Minister's Media Office stated in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on the implementation of the Industrial Projects Financing Initiative and the reasons for the delay in implementing Cabinet Resolution No. 24930 of 2024."

The statement added that "the meeting witnessed a detailed discussion of the initiative's overall dimensions and its beneficiaries, and effective solutions were reached to ensure the sustainability of project support, including providing the necessary funding to launch project lending through the Industrial Bank and inviting industrialists to start promoting their completed projects."

According to the statement, the Prime Minister stressed "the importance of the project financing initiative and its effective impact on the growth of the industrial sector in the country," noting that "launching initiatives must be credible by providing the necessary structures for them in terms of regulation, financing, and implementation, and that failure to implement the initiatives will affect the development process."

The Prime Minister stressed "the government's support for the private industrial sector and giving it priority in attention, support, and facilitating procedures and financing, which constitutes a foundation for advancing economic development, providing job opportunities for youth, and achieving self-sufficiency in a number of strategic industries."https://economy-news.net/content.php?id=54920

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-29-25

Good Morning Dinar Recaps,

CARDANO LACE WALLET INTEGRATES BITCOIN, BOOSTING CROSS-CHAIN CAPABILITIES

▪️Charles Hoskinson announced on Monday that Bitcoin integrates into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities.

▪️This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality.

▪️The news failed to move Cardano’s price significantly, but suggests a positive outlook for ADA.

Cardano (ADA) co-founder Charles Hoskinson announced Monday that Bitcoin (BTC) is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality.

The news failed to move Cardano’s price significantly, with ADA trading in a narrow range near $0.70 at the time of writing on Tuesday, but it suggests a positive outlook for the token.

Cardano’s co-founder welcomes Bitcoin

On Monday, Charles Hoskinson announced on his X post that Bitcoin is integrated into the Lace Wallet, a non-custodial wallet platform developed by Input Output Global (IOG), one of the key organizations behind the Cardano blockchain. Lace allows users to send, receive, and stake Cardano’s native cryptocurrency, ADA, and manage other digital assets on the network.

“With this release, Lace becomes even more accessible and versatile, introducing Firefox support, the beta rollout of Bitcoin, and several performance improvements under the hood,” says Lace in its blog post.

This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality. However, this news did not significantly impact Cardano’s price on Monday; nonetheless, it suggests a positive outlook for the long term as it expands Cardano’s ecosystem, enhances its cross-chain capabilities, and boosts wider adoption.

Cardano's technical outlook suggests a rally if it closes above $0.74

Cardano price is facing resistance around its 200-day Exponential Moving Average (EMA) at $0.71 since last week and declined to find support at the 61.8% Fibonacci retracement (drawn from the August 5 low of $0.27 to the December 3 high of $1.32) at $0.66 on Monday. At the time of writing on Tuesday, ADA hovers around the 200-day EMA at $0.71.

If ADA breaks above the 200-day EMA and closes above its weekly resistance level at $0.74, it could extend the rally to retest its next daily resistance at $0.80.

The Relative Strength Index (RSI) stands at 59, indicating bullish momentum, as it is positioned above its neutral level of 50. The Moving Average Convergence Divergence (MACD) also exhibited a bullish crossover last week, providing a buy signal and indicating a potential continuation of the upward trend.

However, if ADA’s daily candlestick closes below the 61.8% Fibonacci level at $0.66, it could extend the decline to retest its April 22 low of $0.61.

@ Newshounds News™
Source:  FX Street

~~~~~~~~~

SOUTH KOREA'S RULING PARTY VOWS TO APPROVE SPOT CRYPTO ETFS, SCRAP KEY BANKING RULE

South Korea’s People Power Party has pledged crypto reforms, including ETF approval and banking rule repeal, ahead of the June election.

▪️South Korea’s People Power Party has pledged to approve spot crypto ETFs and scrap South Korea’s "one exchange, one bank" rule if they win.

▪️The party’s crypto agenda includes corporate crypto trading, stablecoin regulation, and a new Virtual Asset Special Committee this year.

▪️The election outcome could decide the fate of reforms, with opposition leader Lee Jae-myung leading in the polls ahead of the June 3 vote.

South Korea’s People Power Party has vowed to approve spot crypto ETFs, dismantle a major banking restriction, and overhaul digital asset laws before the end of the year, local media reported Monday.

The party revealed its digital asset pledge just weeks after the country’s impeached president, Yoon Suk Yeol, was removed from office for illegally imposing martial law, a political shock that has formed the basis for a fiercely contested snap election on June 3.

The PPP’s proposals include abolishing the "one exchange, one bank" rule, which restricts crypto exchanges to a single banking partner —a regulation blamed for entrenching monopolies and limiting consumer choice.

"It is very restrictive not to be able to trade virtual assets through the bank of your choice," Rep. Park Soo-min said on Monday during the emergency response committee meeting held at the National Assembly.

The PPP has also pledged to legalize spot crypto ETFs within the year. Park stressed the urgency of approval, pointing to the U.S. Securities and Exchange Commission’s (SEC) decision to greenlight spot Bitcoin ETFs last January.

In addition, the party said in its agenda that it would also institutionalize corporate and institutional investor participation in the crypto market within this year.

If PPP wins, starting in Q2, non-profits can engage in crypto trading, with broader participation from around 3,500 corporations and investment firms.

‘Golden standard’

During the committee meeting, Rep. Choi Bo-yoon said that PPP also plans to introduce a "global standard" regulatory system for stablecoins, local media reported.

To oversee the implementation of its digital asset agenda, the party seeks to establish a Virtual Asset Special Committee directly under the presidential office.

The PPP has vowed to enact the Framework Act on the Promotion of Digital Assets, which would subdivide exchange operations, create listing regulations, and introduce a disclosure system for digital asset transactions.

The party’s push aligns with a global shift toward crypto deregulation, triggered by U.S. President Donald Trump’s moves to repeal DeFi broker reporting rules, authorize the creation of a national Bitcoin stockpile, and place crypto as a core element of American financial policy.

Invoking Trump-era deregulation, PPP presidential candidate Hong Joon-pyo recently vowed to “eliminate regulations as much as the Trump administration did” and pledged to expand blockchain applications across South Korean public services.

Still, whether the PPP’s agenda can move forward will depend on the election outcome.

Democratic Party candidate Lee Jae-myung has campaigned on restoring democratic norms and stabilizing the economy, but has offered few specifics about his stance on regulating digital assets.

Current polling shows Lee, who narrowly lost the 2022 race, now holding a commanding lead over his rivals, according to local media.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 4-29-2025

TNT:

Tishwash:  Head of the Iraqi Private Banks Association: Arab and foreign investments in Iraq reached $63 billion in two years.

The head of the Iraqi Private Banks Association, Wadih Al-Handhal, announced that the Union of Arab Banks will hold its next conference in the capital, Baghdad, under the patronage of Iraqi Prime Minister Mohammed Shia Al-Sudani, in cooperation with the Central Bank of Iraq and the Iraqi Private Banks Association. 

In his speech at the Union of Arab Banks conference currently being held in Cairo, under the title of Public-Private Partnership, Al-Handhal said, "The current Iraqi government has taken a major role in achieving public-private partnerships, starting with the establishment of the Private Sector Council."

He noted that the private banking sector has begun to expand significantly following the partnership with the government, represented by the expansion of electronic payments and government institutions contracting with companies and banks to develop the infrastructure for government electronic payments.

 He added that electronic payments via bank cards in 2024 reached more than 21.1 trillion dinars, through more than 58.4 million transactions, compared to just over 7,000 transactions in 2017. This represents a significant development. 

 He stressed that the volume of Arab and foreign investments in Iraq over the past two years reached $63 billion, and this came as a result of the partnership between the government and the private sector. 

 He explained that the development path represents a major gateway to public-private partnerships, and that everyone can participate in this project, which contributes to the development of Iraq's gross domestic product. link

***********

Tishwash:  MP: Parliament will resume its sessions normally within the next two days - Urgent

 Member of Parliament Jawad Al-Yasari confirmed, on Monday (April 28, 2025), that the Iraqi Parliament will resume its sessions normally within the next two days.

The leftist told Baghdad Today, "The House of Representatives will resume its sessions within the next two days, and there is a determination and will to do so from the House Presidency, and there is an understanding with the parliamentary blocs, with the aim of exploiting the last months of the House's term to pass important laws."

He added that "any controversial law will not be put on the agenda without prior agreement between the parliament's presidency and the leaders of the parliamentary blocs to ensure that sessions are not disrupted, as has happened in the past period." He indicated that "in the coming hours, a date will be set for the resumption of weekly sessions as normal."

Last Saturday, the Parliamentary Legal Committee confirmed that the term of the Iraqi Parliament's legislative and oversight body had "expired."

Committee member Mohammed Anouz told Baghdad Today, "The Iraqi parliament's legislative and oversight role has come to an end due to a political will to obstruct the council's work until the next parliamentary elections. This session has been deliberately obstructed by political disputes since the beginning of the session and continues to this day."

He explained that "there is a deliberate attempt to keep the House of Representatives inactive so as to prevent requests for interpellation and accountability for some officials who enjoy political and partisan protection, as well as to obstruct the passage of some laws so that they remain a bargaining chip and blackmail tool in the hands of some political parties during the coming period. That is why we say that the life of the legislative and oversight council has ended because of these influential political parties."

The scene of a parliament in limbo or in session has become a part of political life in Iraq. Citizens may have grown accustomed to this recurring pattern, or may consider themselves unconcerned with what transpires within the parliament, which could translate into a reluctance to participate in or a boycott of the upcoming parliamentary elections.  link

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

Tishwash:  The Finance Committee discusses oil price fluctuations and the regulatory law with international partners.

On Monday, April 28, 2025, the Parliamentary Finance Committee discussed the fluctuations in oil prices and their impact on the budget, with the International Partners Foundation, and with the participation of experts, consultants, university professors and official bodies, in an important workshop to discuss the proposed law for the first amendment to the Federal Revenue Control and Allocation Authority Law No. (55) of 2017.

The House of Representatives' media office said in a statement received by Al-Jabal that it "held an expanded two-day workshop to discuss ways to maximize revenues, in cooperation with the International Partners Foundation, with the participation of experts, consultants, university professors, and relevant official bodies." 

 Committee Chairman Atwan Al-Atwani noted that "over time and the increasing complexity of the economic landscape have demonstrated the need to review, update, and amend the Authority's legal framework." He explained that "the Finance Committee in the House of Representatives is currently leading a significant legislative effort aimed at introducing the first amendment to Law No. 55 of 2017, a move that reflects an awareness that the law in its current form may not be sufficient to address emerging challenges or fully achieve the ambitious goals set for the Authority."

The International Partners Foundation presented a presentation by Mr. Ken McIntosh and Lord Jeremy Purves, highlighting the most prominent problems and challenges facing the Iraqi economy. They presented the Foundation's vision for overcoming these obstacles, emphasizing the Commission's pivotal role in monitoring and overseeing the allocation of revenues to achieve financial stability and enhance transparency.

 According to the statement, "The proposed first amendment, which the House of Representatives completed its first reading, aims to address challenges and enhance the Authority's role through several axes addressed in the interventions and discussions during the workshop, most notably the Authority's role in verifying the fair distribution of revenues when preparing the draft federal general budget, and the accuracy of calculating allocations according to principles and standards determined by a special and precise system.

Approaching the relevant authorities to provide the Authority with the necessary information and documents to enable it to perform its duties effectively. Investigating and investigating to accurately determine the sources and components of federal revenues."

 The workshop also included hosting representatives of ministries to exchange advice and opinions, with a focus on the importance of expanding the authority's mandate to include evaluating the performance and financial effectiveness of government institutions, in addition to the need to clearly define the authority's powers to avoid overlapping tasks with other institutions, according to the statement.

 The workshop's primary objective, according to the statement, was to "consult and gather input from key stakeholders, including representatives of federal ministries, the regional and local governments, financial and legal experts, and representatives of the International Partners Foundation, on the proposed draft amendment.

The workshop also sought to develop the draft amendment based on the comments and suggestions submitted, with the aim of finalizing it before presenting it for a second reading in the House of Representatives. Additionally, it explored how to enable the Commission to carry out its expanded mandate efficiently and effectively."  link

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

Mot: Poor Little Critter ----- 

Mot: . Getting Perspective!!!!! 

MilitiaMan & Crew: Iraqi Dinar News-Iraq Central Bank-Value National Currency-World Bank-IFC-Private Sector Pillar

MilitiaMan & Crew: Iraqi Dinar News-Iraq Central Bank-Value National Currency-World Bank-IFC-Private Sector Pillar

4-28-2025

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=pMPHs8BEsgg

Seeds of Wisdom RV and Economic Updates Monday Evening 4-28-25

Good Evening Dinar Recaps,

ARIZONA LEGISLATURE PASSES BITCOIN RESERVE BILL, SENDS IT TO GOVERNOR’S DESK: BLOOMBERG GOVERNMENT

▪️The bill, called the Arizona Strategic Bitcoin Reserve Act, was passed on Monday by Arizona’s state legislature, Bloomberg Government reported.

▪️If signed by Democratic Governor Katie Hobbs, the state would be the first to require public funds to invest in bitcoin.

Lawmakers in Arizona have passed a bill allowing the state treasurer and retirement system to invest up to 10% of available funds in digital assets, specifically bitcoin, sending it to the governor’s desk for approval, according to Bloomberg Government.

The bill, called the Arizona Strategic Bitcoin Reserve Act, passed Monday in the state legislature, Bloomberg Government reported.

"This bill represents an emerging approach by a state government to integrate cryptocurrency into public financial management, reflecting the growing mainstream acceptance of digital assets," according to the bill text's summary.

The bill's cosponsors are both Republicans: Sen. Wendy Rogers and Rep. Jeff Weninger. If signed by Democratic Governor Katie Hobbs, the state would be the first to require public funds to invest in Bitcoin.

Several states, including Iowa, Missouri, and Texas, are weighing whether to establish a strategic bitcoin reserve. At the federal level, President Donald Trump signed an executive order in March establishing a strategic bitcoin reserve and digital asset stockpile.

Some asset managers have weighed in on how much bitcoin investors should hold. BlackRock recommended in December allocating 1% to 2% of a portfolio to bitcoin, according to Business Insider. Fidelity has suggested a slightly higher range, recommending 2% to 5%.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

CONGRESS STRUGGLES TO MEET TRUMP’S AUGUST DEADLINE FOR U.S. CRYPTO REGULATION

▪️Congress accelerates efforts to finalize U.S. crypto legislation before President Trump’s August deadline.

▪️Lawmakers push for market structure and stablecoin bills as industry calls for action on DOJ prosecution.

▪️The crypto industry urges intervention from Trump’s Crypto Czar as legal battles over developer accountability heat up.

As lawmakers return to Capitol Hill after a two-week recess, crypto legislation is at the top of their agenda. With just three months left before President Trump’s August deadline, Congress has a lot of work ahead to craft laws that could define the future of digital assets in America.

Eleanor Terrett took to X to give a *spicy* update on everything that’s brewing.

Crypto Legislation: The Countdown Begins

Lawmakers are hard at work to push through two key bills: the market structure and stablecoin regulations. With little time left before the August deadline, there’s not much room for error. And let’s be honest, it was about time.

Last Friday, the House Financial Services Committee scheduled a joint hearing with the House Agriculture Committee for May 6, titled “American Innovation and the Future of Digital Assets.”

It’s clear that Congress is aiming for a forward-thinking approach.But can they pull it off in time? That’s the million-dollar question.

House Financial Services Committee Chairman French Hill (R-AR) shared that a discussion draft of the new legislation is expected soon. This draft is an updated version of last year’s FIT21 market structure bill. Meanwhile, Senate staffers are working on their own version, incorporating elements from both the 2022 Lummis-Gillibrand Responsible Financial Innovation Act and the FIT21 bill.

Industry Leaders Step Up: DOJ, It’s Time to Listen

While Congress scrambles, the crypto industry is raising its voice.

A petition led by the DeFi Education Fund, along with key industry leaders, has been launched urging President Trump’s Crypto and AI Czar, David Sacks, to intervene in the Department of Justice’s prosecution of Tornado Cash co-founder Roman Storm.

The petition argues that developers shouldn’t be criminally liable for how bad actors use their code, especially when they have no control over it. The legal theory behind the prosecution has the potential to seriously impact innovation.

If lawmakers want to ensure the growth of the crypto ecosystem, this issue needs immediate attention.

What’s Next for Crypto?

With Congress hustling to meet the August deadline and the industry pushing for reform, we’re in for a wild few months.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Economy Entering '1930's-Style' Transformation; Historic Financial Reset | Neil Howe

Economy Entering '1930's-Style' Transformation; Historic Financial Reset | Neil Howe

David Lin:  4-28-2025

Neil Howe, author of "The Fourth Turning" and Director of Demography at Hedgeye Risk Management, discusses global tensions, the potential dissolution of NATO, and how Trump's nationalist policies align with the 80-year historical cycle of societal transformation currently underway.

0:00 – Intro

1:14 – A dangerous moment

 4:16 – New world

9:30 – Trump and Countertrends

13:54 – Global conservatism?

15:44 - Ukraine and Russia

20:13 – NATO

 23:00 – Tariffs and chaos

24:30 – Nuclear conflict

28:25 – Fourth Turning and the economy

 34:23 – Investor advice

35:15 – Tariff resilience

 36:44 – China

 38:01 – Power of the dollar

42:55 – Buying opportunity

45:18 – Generational cycles

46:53 – Steering capital

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

Iraq Economic News And Points To Ponder Monday Afternoon 4-28-25

Last Week, Iraq's Oil Exports To The US Increased By 170,000 Barrels Per Day

Economy | 01:47 - 04/27/2025  Mawazine News - Follow-up  Iraq's oil exports to the United States rose last week. The U.S. Energy Information Administration said Sunday that "U.S. crude oil imports from ten major countries averaged 4.831 million barrels per day last week, down 255,000 barrels per day from the previous week's average of 5.086 million barrels per day."

"Iraq's oil exports to the US averaged 170,000 barrels per day, up from 136,000 barrels per day the previous week," the agency added. The agency noted that the largest portion of US oil revenues last week came from Canada, with 3.258 million barrels per day, followed by Mexico, with 381,000 barrels per day, Saudi Arabia, with 298,000 barrels per day, and Ecuador, with 189,000 barrels per day.

The agency continued, "US crude oil imports from Colombia averaged 178,000 barrels per day, Nigeria averaged 155,000 barrels per day, Venezuela averaged 146,000 barrels, Libya averaged 29,000 barrels per day, and Brazil averaged 28,000 barrels per day."  https://www.mawazin.net/Details.aspx?jimare=260931 

The Central Bank Announces The Launch Of The Arab Financial Inclusion Week 2025.
 
April 27, 2025      Under the slogan "Promoting the Integration of People of Determination and Vulnerable Groups into the Formal Financial System,"
 
Financial Inclusion Week activities in Iraq kicked off this morning, Sunday, April 27, and will continue until May 5 of this year.
 
These activities are in line with the  Central Bank of Iraq's efforts to  promote financial inclusion in society and  raise financial and banking awareness among various segments of society,
especially those least benefiting from formal financial services.
 
This contributes to supporting economic and social development and achieving sustainability.
 
    This week's activities include workshops, exhibitions, direct awareness campaigns, and field trips aimed at spreading financial literacy across bank branches and financial institutions spread across all governorates.
 
Activities will also be organized outside of branch locations in coordination with the Islamic Banks Association, the Private Commercial Banks Association, and the "We Will Reach You" and "I Spend It" campaigns, both approved by the Central Bank.   https://cbi.iq/news/view/2864  

The Central Bank concludes the Certified Bank Branch Manager course.
 
April 27, 2025   The Center for Banking Studies at the Central Bank of Iraq concluded the
"Certified Bank Branch Manager (CBBM)" course.
 
The course targeted
 
     branch managers and their assistants,
     executive management, and
     sales,
     marketing, and
     customer service managers.
 
The course's training program included  "Managing daily banking operations professionally and applying innovative strategies in risk and credit management."
 
Participants received special training on the mechanisms for developing strategic plans for bank branches.
 
Participants learned
 
     data analysis skills,
     banking decision-making,
     designing innovative marketing plans, and
     increasing customer loyalty.    
    Central Bank of Iraq      Media Office    April 27, 202    https://cbi.iq/news/view/2865 

Baghdad Exchange Rates: 145,500 Dinars Per 100 Dollars

Economy | 01:44 - 04/27/2025   Mawazine News – Baghdad  The exchange rate of the US dollar against the Iraqi dinar rose slightly in the currency markets in the capital, Baghdad.
The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 144,550 Iraqi dinars for every $100, while the price was 144,350 dinars for every $100 on Saturday morning.

The selling price in exchange shops in the local markets in Baghdad reached 145,500 Iraqi dinars for every $100, and the buying price reached 143,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=260930

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 4-28-25

Good Afternoon Dinar Recaps,

LEDGER LIVE ENABLES STABLECOIN YIELDS DIRECTLY FROM SELF-CUSTODY WITH NEW KILN INTEGRATION

▪️Ledger is enabling users to access stablecoin yields directly from self-custody via its Ledger Live hardware wallet companion app.

▪️Powered by Kiln, the feature is pitched as a way to access DeFi yields for USDC, USDT, USDS and DAI without going through “complex processes.”

Crypto hardware wallet giant Ledger says it will enable stablecoin yields directly from self-custody, in collaboration with DeFi infrastructure platform Kiln.

The feature lets Ledger users earn a passive income of 5% to 9.9% on USDC, USDT, USDS and DAI via several DeFi lending protocols, including Aave, Compound, Morpho, Sky and Spark, while maintaining self-custody.

Kiln operates as the backend, providing access to the protocols that users interact with via Ledger Live, Ledger VP of Consumer Services Jean-Francois Rochet told The Block.

Depositing assets into DeFi lending protocols, such as Aave, is currently the most popular way to earn yield on stablecoins. According to The Block's data dashboard, more than $2 billion in USDT has been borrowed on Ethereum alone.

However, instead of connecting their Ledger hardware to third-party web3 wallets and juggling multiple decentralized applications, Kiln abstracts away this complexity, enabling access to DeFi yields natively within the Ledger Live companion app, available on both desktop and mobile versions.

"Web3 browser wallets are typically insecure," Rochet said. "The direct integration offers enhanced security … without leaving the safety of Ledger Live or going through complex processes."

Ledger argues that the integration opens up access to DeFi returns in a more user-friendly way, including clear signing, a method of signing blockchain transactions so that the signed content is human-readable and easily verifiable.

Users simply enter the amount they wish to deposit and select the protocol with the desired APY from the dropdown, Rochet explained. However, the trade-off is that users receive slightly lower APYs than by going directly to the protocols, he acknowledged.

"Ledger is pioneering security-first yield generation in the DeFi space," the firm said in a statement. "More users than ever are entering crypto, and we're focused on making digital assets accessible without depending on insecure browser wallets or multiple dApps. With Ledger Live and Kiln, people now have transparent and easy solutions to earn rewards.  We're excited to see enhanced stablecoin capabilities made available to Ledger Live users."

Ledger claims that despite being some of the most widely used assets in crypto, only 4% of stablecoin holders currently earn yield on their USDC and USDT. "This integration unlocks stablecoin yield for users and grants full autonomy over digital assets, unlike centralized exchanges that take control and limit yields to dApp browsers," the firm said.

Close collaboration

Last year, Ledger and Kiln also teamed up to provide native access to liquid staking token restaking, enabling its users to restake assets on EigenLayer directly within the Ledger Live interface.

"Ledger has been a long-term partner of Kiln, and through our close collaboration, we have developed a deep understanding of the needs of their users," Kiln Co-Founder and CEO Laszlo Szabo said following the latest news. "Working together on the Kiln DeFi integration for Ledger is an exciting opportunity, and we're thrilled to help open up access to stablecoin rewards for millions of Ledger users."

The feature will offer yields on USDC and USDT initially, with DAI and USDS support rolling out later within Ledger Live. While Rochet said there is "definitely a plan to increase coverage," no specific additional assets are on the roadmap for now.

Ledger celebrated its 10th anniversary in 2024 and claims that its devices secure over 20% of the world's crypto assets, having sold more than 7.5 million crypto hardware wallets to customers in 210 countries.

Kiln manages over $11 billion in crypto assets, operating around 4.5% of Ethereum's and 2.6% of Solana's total staked assets.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

MASTERCARD AIMS TO POWER STABLECOINS FROM WALLETS TO MERCHANT ACCEPTANCE

Today Mastercard announced a ‘360-degree’ approach to stablecoins. It is positioning itself to service stablecoins much in the same way it does with card payments, to enable services for consumers, merchants and banks.

There’s much lobbying for position in the stablecoin sector, with 2025 predicted as the year that stablecoins move beyond crypto use cases. The race is on to see who can build the largest network of partners.

During the past week, Stripe announced it’s testing its new stablecoin solution based on the Bridge API for business payments. Citi forecast that stablecoins could reach a circulation of $1.6 trillion to $3.7 trillion by 2030. And Circle unveiled plans to launch the Circle Payments Network which aims to coordinate on and off-ramps, including collaborating with Deutsche Bank, Santander, Societe Generale and Standard Chartered.

Plus, in today’s announcement, Mastercard mentioned the potential for stablecoins to become ‘ubiquitous’. Last month startup Ubyx announced plans for a network for banks and fintechs to on and off-ramp an array of stablecoins, including smaller ones.

Mastercard’s range of stablecoin services

Turning to Mastercard’s announcement, it has already provided several of these stablecoin services for quite a while. It’s looking to expand its network of partners.

For consumers it makes stablecoins more user friendly by enabling crypto users to pay with stablecoins using Mastercard branded cards. Many crypto exchanges already provide cards, with OKX the latest to announce one.

On the merchant front, it is partnering with Nuvei and stablecoin issuers Circle and Paxos to enable support for merchants to accept stablecoins, whether or not the payment uses a card. The mention of Paxos is notable given a recent report by Coindesk that Visa plans to become a partner of the Paxos Global Dollar, although Visa hasn’t yet officially confirmed it. Paxos is also the issuer of PayPal’s PYUSD.

For crypto institutions, it provides the Mastercard crypto credential to support compliant remittances combined with user-friendly names.

Plus, Mastercard has the Mastercard Multi-Token Network (MTN), which aims to support an array of digital assets, not just stablecoins. MTN includes links to banks such as JP Morgan and Standard Chartered. So far it allows investors in assets such as Ondo Finance’s tokenized money market funds to on and off-ramp, but stablecoins are part of the plans.

“To realize its potential, we need to make it as easy for merchants to receive stablecoin payments and for consumers to use them,” said Jorn Lambert, chief product officer at Mastercard. “We believe in the potential of stablecoins to streamline payments and commerce across the value chain. Unlocking this is core to how we navigate the rapidly changing world, giving people and businesses the freedom they want by providing the choices they deserve.”  

@ Newshounds News™
Source:  Ledger Insights

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Monday Morning 4-28-25

Iraq Agrees To Open Another Bank In The US To Establish Relations With Its Banks In Transfer Operations.

economy | 10:43 - 04/26/2025   Mawazine News – Baghdad  The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks in money transfer operations.

The Governor of the Central Bank of Iraq said in an interview followed by (Mawazine News) that he "has begun working on developing a plan to issue cards for small merchants, after completing consultations with companies, so as to accommodate the requests of merchants - a large class in Iraq - to cover their foreign trade without passing through long paths, so that transfers are carried out directly, which will create a major shift in accommodating merchants who do not use the official methods of transfers."

He noted that the Central Bank of Iraq, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash dollar sales operations, and that they are now "in an ideal position, by their own testimony."

He described foreign commercial transfers as "progressing smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere. An agreement was also reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations."

Regarding Iraqi banks barred from dealing in dollars, Al-Alaq said, "They will have to meet requirements related to ownership, compliance, money laundering, governance, and banking services in order to resume their normal operations."

He explained that these banks "were not subject to sanctions and are not included on the sanctions list, but due to observations about foreign transfers, they were stopped from using the dollar in transactions only."

He pointed out that a comprehensive plan was launched, which includes the criteria and conditions required to correct the situation of these banks to avoid such problems, after a full year of work on it. https://www.mawazin.net/Details.aspx?jimare=260919

Action: Launching an electronic platform for paying social security contributions.

Local | 05:23 - 04/27/2025   Mawazine News – Baghdad  The Ministry of Labor and Social Affairs clarified, on Sunday, the conditions for granting a retirement pension to workers and the required years of work, while confirming the launch of an electronic platform for paying social security contributions.

Ministry spokesman Hassan Khawam said: "The retirement and social security law for workers, which was enacted during the current parliamentary session, is one of the most important laws. Among the conditions for inclusion are that the worker be of Iraqi nationality, residing in Iraq, and of legal age (63 years or older), and have guaranteed service with paid contributions for a period of no less than 15 years."

He added, "The law stipulates that the social security retirement pension may not be combined with any other retirement pension."

Khawam explained that "there is also an optional guarantee for every person working in liberal professions such as a barber, taxi driver, or street vendor. They can participate in social security voluntarily by paying monthly contributions within 15 different categories, starting from 17,500 dinars up to 87,500 dinars, in exchange for retirement salaries ranging between 500,000 and 1,750,000 Iraqi dinars. All workers are covered by the retirement salary without exception."

He pointed out that "other benefits provided by the law include paid sick leave, free medical care, in addition to a full or partial disability pension and maternity leave for pregnant women with the provision of health care."

He stressed that "the Ministry of Labor has inspection teams that visit investment projects to ensure workers are registered with social security and verify their numbers. In the event of a violation, the employer is subject to a fine that may reach five times the unpaid contributions."

Khawam pointed out that "the subscription deduction system has become electronic through the "Daman" platform, with a deduction rate of 5% of the worker's income, while the government bears 8%, and the employer 12%."

He explained that "the disbursement of retirement salaries is contingent upon reaching the legal age (63 years) with subscriptions of no less than 15 years, or early retirement according to the specified age and service conditions."

He explained that "the ministry is working with its social partners and local and international labor organizations to develop labor and social security laws, with the launch of awareness campaigns that have led to a large turnout of workers, especially in the field of optional insurance."

Regarding health insurance, he indicated that "covered workers pay only 10% of the cost of medical services, whether under optional insurance or in the organized sector." https://www.mawazin.net/Details.aspx?jimare=260935

Al-Sudani Stresses The Importance Of Simplifying Administrative Procedures That Hinder Investment Projects

Money and Business  Economy News – Baghdad   Prime Minister Mohammed Shia al-Sudani stressed on Sunday the importance of simplifying administrative procedures that hinder investment projects.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani chaired the regular meeting of the Higher Committee for Reconstruction and Investment, during which the files and projects on the agenda were discussed and decisions made."

He stressed "the need for the committee to work on reducing administrative steps and strengthening the country's investment environment," emphasizing "the importance of ministries focusing on investment projects that maximize the country's revenues, which is part of the government's approach to financial and economic reform."

The meeting witnessed the approval of several housing projects, as well as the establishment of the largest olive farm in Wasit Governorate by an Iraqi-Spanish investment company. This project is one of the outcomes of the Prime Minister's visit to Spain at the end of last year, during which he met with the President of the World Olive Council.

The meeting discussed "a number of health projects, including the establishment of an early cancer screening center. The Ministry of Health directed that the project be studied and submitted to the Investment Committee."  https://economy-news.net/content.php?id=54869

General Electric: We Have Implemented Strategic Agreements On The Ground In Iraq.

Energy  Economy News – Baghdad   General Electric's Iraq Country Manager, Rashid Al-Janabi, confirmed on Sunday that unprecedented government support has strengthened the partnership with the Ministry of Electricity. He also pointed to strategic agreements implemented on the ground that have contributed to improving the efficiency of the electricity grid.

Al-Janabi said, "The unprecedented government support the company has received is a key factor in strengthening the partnership between GE Vernova, the Ministry of Electricity, and the Iraqi government in general."

He added, "This partnership, which has spanned several decades, has been significantly deepened recently, positively impacting the development of the energy sector, both in terms of adding new production capacities and improving the efficiency of the transportation and production systems."

He pointed out that "these efforts have resulted in strategic agreements that have been implemented on the ground through major projects over the past two years, contributing to raising the efficiency of the electricity grid and meeting a significant portion of Iraq's energy needs, supporting future development plans and contributing to improving the environmental situation."

He added, "We aspire to expand this partnership in the future, to meet national aspirations and meet Iraq's growing energy needs."  https://economy-news.net/content.php?id=54865

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

Seeds of Wisdom RV and Economic Updates Monday Morning 4-28-25

Good Morning Dinar Recaps,

B️REAKING: XRP ETF APPROVED, BUT IT’S NOT SPOT ETF

The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched by ProShares. This ETF is expected to go live on April 30th, 2025. While it’s not a spot ETF — which tracks the actual price of XRP — it’s still a huge step forward for XRP’s recognition on Wall Street.

The ETF approval comes just a few years after Ripple, the company behind XRP, was locked in a long legal battle with the SEC. Now, XRP is moving from courtrooms to trading floors, joining the ranks of Bitcoin and Ethereum, which already have both futures and spot ETFs.

Some investors were unsure at first, asking, “Why futures and not spot?” But futures ETFs are often the first step. This was the path for Bitcoin and Ethereum, and experts believe a spot XRP ETF could be next. Futures trading allows big institutional investors to take positions on XRP, whether the market goes up or down — a common and healthy part of mature financial markets.

Experts called the approval a game-changer, pointing out that this move gives major players a way to legally and securely trade XRP.  And the good news doesn’t stop there. In Brazil, the XRP H11 ETF has just launched on the country’s main stock exchange, making it the first XRP-focused ETF in the world. This global momentum suggests XRP is no longer being left behind.

Just a few years ago, XRP was under heavy legal scrutiny. Now, it’s being listed on international exchanges, with regulated investment products opening the door for more adoption.

From being targeted by regulators to becoming a favorite of institutional investors — XRP is clearly turning the page.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

FROM SWIFT TO SHANGHAI: BRICS JUST SEIZED GLOBAL SETTLEMENT POWER WITH DIGITAL GOLD | ANDY SCHECTMAN

 Andy outlines that BRICS just flipped the global financial system on its head. China’s digital RMB settlement system is now fully connected to 38% of global trade, allowing transactions to bypass SWIFT and the U.S. dollar entirely. Even more shocking—this new payment network is being expanded to non-member countries, quietly replacing the old financial order with a gold-linked system.

@ Newshounds News™

Source:  Youtube         https://www.youtube.com/watch?v=fPZx6eeDokU

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Monday Morning 4-28-2025

TNT:

Tishwash:  Qubad Talabani: Our doors are open to all foreign companies for investment.

 joint contract signing ceremony took place in Sulaymaniyah between local and American companies to develop the Bazian power plant.

During the ceremony, Deputy Prime Minister of the Kurdistan Region, Qubad Talabani, delivered a speech welcoming the attendees, company representatives, businessmen, and guests. He emphasized the importance of signing this contract, which will contribute to the development of the electricity sector.

He added, "This contract will strengthen the Kurdistan Region's infrastructure and send an important message to the world that the Kurdistan Region's doors are open to all foreign companies working towards a more developed Kurdistan."

He explained, "We in the Kurdistan Regional Government have open doors to all foreign companies to invest in the Kurdistan Region. It is important to make clear to all investors that our priority is to work on diversifying resources in the Kurdistan Region. I thank all the companies that have been operating in Sulaymaniyah for a long time and have implemented many important and necessary projects, making Sulaymaniyah a model of development and prosperity."

Talabani said, "Through this contract and the cooperation between the companies, we can provide a significant portion of the electricity supply to the Kurdistan Region and work to develop the electricity sector in general. Under this contract, many cadres and engineers will be trained according to international standards."

He continued, "This contract will provide opportunities for young people, as well as job and training opportunities for a large number of citizens, and will build a sophisticated electricity sector. We in the Kurdistan Regional Government provide all necessary facilities to foreign companies, and we must rely on clean energy and develop the gas sector as well."  link

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

Tishwash:  General Electric: We have implemented strategic agreements on the ground in Iraq.

Rashid Al-Janabi, General Electric's Country Manager in Iraq, confirmed on Sunday that the unprecedented government support has strengthened the partnership with the Ministry of Electricity, while pointing to strategic agreements implemented on the ground that have contributed to raising the efficiency of the electricity grid.

Al-Janabi said, "The unprecedented government support the company has received is a key factor in strengthening the partnership between GE Vernova, the Ministry of Electricity, and the Iraqi government in general."

He added, "This partnership, which has spanned several decades, has witnessed significant deepening in the recent period, which has positively reflected on the development of the energy sector, both in terms of adding new production capacities and improving the efficiency of the transmission and production systems."

He pointed out that "these efforts have resulted in strategic agreements that have been implemented on the ground through major projects over the past two years, which have contributed to raising the efficiency of the electricity grid and meeting a significant portion of Iraq's energy needs, supporting future development plans and contributing to improving the environmental situation."

He continued, "We aspire to expand this partnership in the future, in a way that meets national ambitions and meets the growing need for energy in Iraq." link

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

Tishwash:  Baghdad dollar declines due to exhibitions, real estate, or nuclear negotiations? 

Iraqi markets have recently witnessed a significant decline in the dollar exchange rate, reaching 1,440 dinars, after a period of highs and fluctuations amid Middle East tensions and US restrictions on Iraqi trade with sanctioned countries.

 The decline is contrary to expectations experienced by trading circles at the end of last year, which slightly disrupted the local economy. However, other experts who spoke to 964 Network attributed the almost sudden drop to a recession that has been looming for months in the Iraqi real estate and car markets, the largest domestic market for US currency trading.

This may mean a decline in large-scale money laundering operations led by influential parties, as discussed in political and economic circles. This is in addition to the decisions of US President Donald Trump, who imposed large customs tariffs on China, which led to higher commodity prices in the United States, increased inflation, and harmed the dollar's position globally.

Experts also noted that the return of Washington and Tehran to negotiations has contributed to reducing demand for the dollar in Iraq, as the exchange rate fluctuation is primarily due to informal trade between Iraq and Iran. However, successful negotiations and the easing of the pressure on the Iranian banking system will ease the pressure on the Iraqi dollar.

Experts do not rule out another factor: the Central Bank's recent restrictions on Visa and MasterCard cards, which have contributed to limiting the withdrawal of dollars at the official exchange rate and their subsequent sale on the black market.

Mustafa Akram Hantoush, financial expert:

The dollar exchange rate should not exceed 1,320, even on the parallel market. The central bank sells dollars daily at this rate, exceeding $250 million. However, there are discrepancies. Any requests outside the central bank's platform are not covered, most notably trade with Iran, small traders, and the smuggling of some goods through Kurdistan. This trade is not officially covered, and therefore traders buy them from the parallel market.

Iranian situation negotiations

There are now negotiations in Iran. If they succeed and the noose is lifted on its banking system, this will ease the pressure on the Iraqi dollar, thus lowering the parallel exchange rate.

The solution lies in creating a genuine platform for financial transactions with Iran. Small traders must be covered by specialized companies that handle their needs, while smuggling must be stopped and the sanctioned countries that travelers visit must be addressed.

Khaled Haidar - Academic:

The Iraqi economy is linked to the global economy and its revenues depend on oil, which is priced in US dollars.

Trump and the American market

The US economy is currently experiencing a decline in retail sales, particularly after tariffs on countries, particularly China. This has had a significant impact on the US economy, with imported goods prices rising, inflation rates doubling, confidence in the US economy weakening, and interest rates declining. This, in turn, has impacted growth prospects.

Today's global economy is gradually beginning to rely on other currencies, such as the BRICS blocs, creating new influential poles on the global map.

Today, there is a degree of confidence in the Central Bank's performance regarding the dollar, particularly since it has restricted electronic transactions using cards used by travelers to obtain dollars at a low rate, then withdraw them abroad at the parallel market rate, profiting from the difference upon their return to Iraq and reselling them. This measure has greatly reduced fraud and dollar withdrawals.

There's also a trend today toward trading in gold, and its prices continue to rise, as it has become a safe haven and a better alternative to the dollar. Many are choosing to keep their capital in the form of gold bullion, which has affected confidence in the dollar and impacted its value.

Nabil Jabbar Al-Tamimi, economic expert, to 964 Network :

There are no political reasons for this decline, and it is within the normal range of fluctuations, given that the dollar previously reached 1,400 and then rose to over 1,500. Furthermore, there is no major event currently affecting the price, and the central bank's measures remain unchanged.

Iraqi real estate and car market stagnant!

Iraq is currently experiencing a recession in the car and real estate markets. This is primarily due to the fact that car dealers deal exclusively in dollars, not dinars. Furthermore, companies importing electric cars have emerged, and these companies are enjoying great popularity among Iraqis, in addition to accepting dinars.

Neglecting the dollar-denominated side of the market, whether in the auto or real estate markets, has led to a decline in demand for the dollar. This decline is relative, not exceeding 2.5% or 3%.

The tariffs imposed by Trump have not affected Iraq, and there is no connection between them. Regarding the negotiations between Iran and the US, in the event of tensions, demand for the dollar is expected to increase, and the rise in the price in Tehran is expected to be reflected in the Iraqi dollar, given the presence of unofficial transfers, which we have not witnessed. Furthermore, the existence of measures related to MasterCard cards and withdrawal transactions is expected to raise the price, because restricting cards stifles the markets, thus raising trading prices on the black market, but the opposite has happened.

The decline is due to internal factors. About six months ago, a clear recession began in the dollar-denominated auto and real estate markets. This recession reduced demand for the currency.

Ammar Hamad, Deputy Governor of the Central Bank, stated to the official newspaper, as monitored by 964 Network:

The improvement in the Iraqi dinar's exchange rate against the dollar in local markets is due to the Central Bank's recent policy and the country's substantial financial reserves.

The decline will continue in the coming periods.  link

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

 Mot:  Just aRealized... the ""RV"" Theme Song it is!!!   https://youtu.be/5jRq19uqZRM

Mot...... May the Sun!!!

MilitiaMan & Crew Iraq Dinar News Update-World Bank Group-Central Bank of Iraq-IMF-VISA-MasterCard-International

MilitiaMan & Crew Iraq Dinar News Update-World Bank Group-Central Bank of Iraq-IMF-VISA-MasterCard-International

4-27-2025

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=482zqLNITI8

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 4-27-25

Good Afternoon Dinar Recaps,

FEDERAL TAXES TO BE 'SUBSTANTIALLY REDUCED' ONCE TARIFFS SET IN: TRUMP

The US President previously floated the idea of eliminating the federal income tax altogether and replacing it with import duty revenues.

United States President Donald Trump recently said that federal income taxes would be "substantially reduced" or potentially eliminated once the tariff regime fully sets in.

In an April 27 Truth Social post, Trump added that the focus of the purported tax cuts would be on individuals making less than $200,000 per year.

The US President also said that the "External Revenue Service" — a reference to funding the federal government exclusively through import tariffs instead of the current model of collecting taxes through the Internal Revenue Service (IRS) — is materializing.

Eliminating the federal income tax would likely be a positive catalyst for asset prices, including cryptocurrencies, as the increase in disposable income should partially flow back into productive investments. However, this stimulative effect is not guaranteed.

Trump’s plan leaves analysts and markets doubting

Trump previously floated the idea of eliminating the federal income tax in an October 2024 appearance on the Joe Rogan Experience, although Trump, who was on the campaign trail at the time, provided scant concrete details on the proposal.

The US President suggested that replacing the federal income tax with revenue from import duties would return the US to a time of prosperity seen during the Gilded Age, in the 19th century, when the US did not have a permanent federal income tax.

Research conducted by accounting automation company Dancing Numbers found that Trump's proposal could save the average American $134,809 in lifetime tax payments.

Dancing Numbers added that the tax savings could be as much as $325,561 per American if other wage-based income taxes are also eliminated.

On April 2, Trump signed an executive order imposing sweeping tariffs on all US trading partners, which included a 10% baseline tariff on all countries and different "reciprocal" tariff rates on countries with import duties on US goods.

However, since that time, the Trump administration walked back its tariff policies several times, flip-flopping on tariff rates and when the tariff regime would fully take effect.

The Trump administration's ever-changing rhetoric surrounding trade policies has heightened volatility in the US stock market, caused a rise in US bond yields, and has drawn widespread criticism from financial analysts who say the protectionist trade policies hurt capital markets while achieving little else.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

BRICS: US SANCTIONS FAIL AS RUSSIA’S ECONOMY GROWS 4.1%

The US pressed sanctions on Russia in February 2022 after they invaded and waged war on their neighboring country Ukraine. The sanctions were aimed at stalling Russia’s growth and bringing its overall economy and GDP down. Russia teamed up with the BRICS alliance and the bloc kick-started the de-dollarization agenda to counter the US sanctions.

The BRICS bloc rewrote trade deals allowing Russia to send and accept local currencies for trade and cross-border transactions. China, India, and Saudi Arabia made use of the US sanctions and procured Russian oil and discounted prices. Saudi Arabia even brought Russian crude oil for a concession and laundered it all over Europe earning bigger profits.

BRICS member India even saved $7 billion in foreign exchange by buying Russia’s crude oil at cheaper prices due to the sanctions. Therefore, the BRICS bloc mostly benefitted from the US sanctions saving and earning billions in development. They even pushed local currencies ahead for trade strengthening their businesses and overall GDP.

BRICS: Russia’s Economy Grows 4.1% Despite US Sanctions

Trade restrictions could not stop BRICS member Russia’s growth as it immediately kick-started the de-dollarization agenda. The move helped the country navigate through troubled times and simultaneously gained the support of developing countries. “Over the past two years, the Russian economy grew by 4.1%,” said Russian Security Council Secretary Sergey Shoigu.

The latest data shows that BRICS member Russia’s economy comfortably sat above 4% despite the US sanctions.

2023: 4.1%
2024: 4.3%
2025 (Projection): 2.5%

Shoigu explained that BRICS member Russia’s banking system demonstrated remarkable resilience during the US sanctions. “Russia’s external and internal debt has diminished. Its financial and banking systems demonstrated resilience,” he said. 

The diplomat added, “The external trade also retained its positive dynamics. Despite sanctions, the past year’s trade grew by $3.8 billion, to over $716 billion. Proficit of the balance of foreign trade gained $7 billion, reaching approximately $146 billion.”

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps