Seeds of Wisdom RV and Economic Updates Thursday Afternoon 5-1-25

Good Afternoon Dinar Recaps,

US BLOCKCHAIN FIRMS URGE SEC TO CLARIFY CRYPTO STAKING RULES

The Council warns that overly strict staking rules could stymie innovation and impede market growth.

A coalition of US blockchain firms has urged the Securities and Exchange Commission (SEC) to provide clear regulatory guidance on crypto staking.

The coalition, led by the Crypto Council for Innovation, requested in an April 30 open letter that the agency treat staking with the same clarity it recently applied to proof-of-work mining.

Staked tokens are not a security

The Council argued that staking is a core technical process for maintaining blockchain networks, not an investment contract.

It stated:

“The benefits of staking to a PoS network and its participants are clear: base layer actors are incentivized to contribute to the security of the network, minimize the risk of manipulative activity, ensure data integrity, and bolster community trust in the network.”

It stressed that staking allows users to validate transactions, secure the network, and help produce new blocks. In return, participants receive token-based rewards. These rewards are determined by each network’s protocol, not by a centralized authority or profit-sharing agreement.

The Council also pointed to the SEC Division of Corporation Finance’s March 2025 statement on PoW mining. In that statement, the SEC clarified that mining on decentralized networks is not a securities transaction.

The Council asserted that this reasoning should also apply to staking, as miners and stakers engage in administrative functions to support blockchain infrastructure and receive protocol-defined rewards.

Meanwhile, the letter acknowledged that some risks exist, such as the possibility of slashing, where stakers lose tokens for violating protocol rules.

However, it noted that slashing is uncommon and not a defining feature of staking’s economic model. Therefore, the Council maintains that staking should not be classified under securities laws.

Why is clarity needed?

The Crypto Council believes that formal guidance from the SEC would benefit many stakeholders, including developers, service providers, and end-users.

They argued that such clarity would remove uncertainties for platforms that offer staking, especially those connected to crypto exchange-traded funds (ETFs).

The Council further stressed that regulatory clarity would help the US stay competitive with other global jurisdictions, which are moving faster to support innovation in the digital asset space.

However, they cautioned against overly rigid rules that could limit innovation or reinforce outdated market practices.

@ Newshounds News™
Read more:  CryptoSlate

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BRICS DRIVING A NEW US DOLLAR DOWN CYCLE OR PUSHING IT TO COLLAPSE?

The United States’ global relations have been at the forefront of geopolitical affairs throughout this month. Amid an influx of America-first trade policies, several global collectives have warned over the protectionist approach. Now, the BRICS bloc is positioning itself, alongside US policy, to either drive a new dollar down cycle or push the currency closer to collapse.

At the start of his return to the White House, US President Donald Trump had assured the importance of the greenback’s global status. Indeed, he said that the dollar’s loss of status as a global reserve currency would be akin to “losing a war.” Now, his administration is being confronted with a weakening currency and an influx of global policies to help facilitate its struggle.

US Dollar in Concerning Predicament as BRICS & United States Policy Drive It Down

Just one week ago, Goldman Sachs gave a gloomy prediction for the future of the US dollar. Indeed, the bank aligned with the prevailing belief that the global reserve asset could be on its way toward a concerning position. Not only has it faced pressure from growing de-dollarization efforts, but it has now felt the ire of nations challenged by US tariff plans.

That has provided a key question for both the Western nation and its global south opposition. Is BRICS driving the US dollar to a notable down cycle or pushing it closer to collapse? The economic alliance has, for the last several years, remained at the forefront of alternative currency promotion and development. That could only fast-track this year.

The US dollar DXY Index has recently fallen to a three-year low. Moreover, the greenback has struggled amid a concerning first 100 days for US President Trump. Additionally, a report from The Hill notes that “foreign investors appear to be reappraising the role of US Treasury securities as a global haven asset” amid the administration’s actions in recent months.

So What’s Next?

With US fiscal net interest payments on its debt reaching $949 billion and surpassing its defense spending, there is even more reason to worry. Historian Barry Eichenberg told the publication that Trump “should be promoting financial stability, limiting the use of tariffs, and strengthening America’s geopolitical alliances.”

That has not taken place. In fact, the opposite has. Subsequently, there is reason to believe the BRICS bloc is playing a key role in helping the US decimate the value of its dollar. Since 2024, it has sought to limit its exposure to the currency. A key reason has been its weaponization.

Moreover, it shifted its attention to gold. Indeed, many nations in the alliance have ramped up their purchasing of the metal with eye on a continued de-dollarization approach. With gold surging, there should be a reason for the United States to emphasize a shift in philosophy. That is, before a US dollar downcycle becomes a full-blown collapse.

@ Newshounds News™
Source:  Watcher Guru

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MilitiaMan & Crew: Iraq Dinar News-Global ASYCUDA System & International Company-Linking National Banks-USA Banks

MilitiaMan & Crew: Iraq Dinar News-Global ASYCUDA System & International Company-Linking National Banks-USA Banks

4-30-2025

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=QYaRcBuhvBY

Iraq Economic News And Points To Ponder Thursday Morning 5-1-25

The Rise In The Value Of The National Currency Has Local And International Causes.
 
Economic 04/27/2025  Baghdad: Hussein Thaghab   The Iraqi dinar's exchange rate against the US dollar has witnessed a  significant improvement over the current period, supported by a number of internal and external factors.
 

Most notably, the
 
     country's large financial reserves, the
     prudent monetary policies pursued by the Central Bank of Iraq, and
     signs of a thaw in US-Iranian relations have
 
combined to boost the value of the national currency.
 
Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad, said that the
improvement in the Iraqi dinar's exchange rate against the dollar in local markets
is due to the central bank's recent policy. He added that
 
Financial Reserves
 
the country's massive financial reserves are one of the main reasons
behind the improvement in the value of the dinar against the dollar, and
 
we expect the dinar's value to continue to improve in the coming period. He pointed out that
 
the Central Bank of Iraq is working to consolidate the national currency
by adopting policies that are consistent with Iraq's
 
     financial capabilities and the
     requirements of the national economy.
 
Dollar Flow
 
Dr. Nabil Al-Abadi said:
 
“The past few days have witnessed a significant improvement in the exchange rate of the dinar against the dollar,
which is the result of a combination of internal and external factors.
 
On the monetary policy side, the Central Bank has taken strict measures, including
 
     restricting the flow of dollars through auction platforms and
     imposing strict oversight on banks. It has also
     raised the interest rate on dinar deposits,
     which has stimulated the transfer of some cash liquidity.  

External Factors, such as the
 
     improvement in oil prices and the
     accompanying increase in foreign reserves,
 
have also contributed to this improvement.”  He added that
 
Stabilization
 
these measures, while effective in achieving short-term stability, remain subject to several risks.
 
The Iraqi economy's dependence on oil revenues makes it hostage to global market fluctuations.
 
Furthermore, some austerity measures, such as
import restrictions,
could negatively impact citizens' purchasing power
if they are not accompanied by policies that support local production. He stated that
 
Productive Sectors
 
ensuring the sustainability of this improvement requires structural reforms,
starting with
     diversifying the economic base and
     reducing dependence on oil, through
     developing productive sectors such as agriculture and industry.
 
This also requires
 
     a comprehensive overhaul of the banking system and
     simplifying customs procedures to boost non-oil exports, as well as
     enhancing investment confidence through stabilizing legislative policies. He stated that
 
improving the exchange rate is not an end in itself,
but rather must be a starting point for deeper economic reform.
 
International experience demonstrates that
sustainable monetary stability can only be achieved
through a productive economy capable of confronting external shocks.

Global Pressure
 
Financial expert Dr. Mustafa Akram emphasized that
 
while there is a reason for the
gap between the official exchange rate and the parallel exchange rate of the dinar against the dollar,
the gap has its causes. He pointed out that the
 
opening up between the United States and the Islamic Republic has eased global pressure on remittances to Iran,
 
     reducing demand for the dollar in local markets and
     strengthening the value of the national currency.
 
This coincides with ample supply from the Central Bank in the form of remittances and
other forms of financing, which necessitates strengthening this phase. He pointed out the
 
Electronic Card
 
importance of the Central Bank of Iraq taking action to
 
     reach an agreement with the United States and
     establish an official platform for transactions by
     creating an electronic payment card for use in Iran, Russia, and other sanctioned countries.
 
This would reduce demand for dollars, he noted, noting that
 
this would
 
     serve small traders and travelers,
     address many problems,
     reduce smuggling and illegal trade, and
     increase the value of the local currency.    
  
https://alsabaah.iq/113508-.html    

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 5-1-25

Good Morning Dinar Recaps,

COULD THE SEC SETTLE WITH RIPPLE LAWSUIT USING XRP?

▪️John Squire suggests SEC might settle Ripple case by accepting XRP instead of cash.

▪️Delaying XRP ETF approval could help SEC avoid rising prices before settlement deal.

▪️June 17 ETF delay might be part of SEC’s calculated move, says Squire.

A surprising idea is gaining attention in the crypto world as social media influencer John Squire suggests that the U.S. Securities and Exchange Commission (SEC) could be planning to settle its lawsuit with Ripple by accepting XRP tokens instead of cash.

Will the SEC truly accept XRP as a payment? Let’s find out!

Delaying ETF Could Be a Strategic Move

In a recent tweet that’s now widely shared, John Squire suggests that the SEC could be delaying the approval of XRP spot ETFs on purpose. Because if they plan to settle the Ripple lawsuit using XRP, they wouldn’t want the price of XRP to shoot up too early.

And that’s exactly what could happen if a spot ETF is approved right now. Unlike a futures ETF, a spot ETF buys XRP directly. That demand would send the price soaring, possibly making XRP too expensive for a favorable government settlement.

Therefore, to keep XRP’s price lower, there has been a delay in the settlement process.

If XRP Is Used as Payment

The theory comes after journalist Eleanor Terrett confirmed that the SEC had delayed its decision on Franklin Templeton’s XRP spot ETF until June 17. Squire argues that this delay is not a coincidence but part of a broader strategy.

Squire says that if the SEC accepts XRP as payment, it would show they no longer see it as illegal. He also points out it wouldn’t make sense for the U.S. government to take payment in something they say is not allowed.

Such a settlement could also lead to regulatory clarity for XRP, encourage institutional investment, and possibly mark the beginning of a new bull run for the token.

XRP Price Outlook

As of now, XRP is trading around $2.20, reflecting a drop of 0.63%, with a market cap hitting $129.13 billion.  However, the 1-day chart suggests that if XRP goes above $2.40, it could start a strong upward trend toward $2.60 or even $2.90. But if it falls below $2, it might trigger more big sell-offs.

@ Newshounds News™
Source:  Coinpedia

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NORTH CAROLINA HOUSE PASSES STATE CRYPTO INVESTMENT BILL

North Carolina’s House passed a bill to allow the state treasurer to invest government funds in approved cryptocurrencies with a 71 to 44 vote.

North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate.

The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44.

Republican House Speaker Destin Hall introduced the bill in February, which would allow the treasurer to allocate 5% of the state’s investments into designated digital assets.

The investments can only be made after obtaining an independent third-party assessment confirming that the crypto holdings are maintained with a secure custody solution and risk oversight and regulatory compliance standards are met.

New amendments allow the treasurer to examine the feasibility of allowing members of retirement and deferred compensation plans to elect to invest in digital assets held as exchange-traded products (ETPs).

The House also passed a related bill, the State Investment Modernization Act, or HB 506, with little discussion on April 30, in a 110 to 3 vote.

The bill aims to create the North Carolina Investment Authority (NCIA) to take over investment management from the treasurer.

If passed into law, the authority to invest in digital assets would transfer from the treasurer to NICA, and approval would be required from its board of directors based on third-party assessments to make crypto investments.

Local news outlet NC Newsline reported that Treasurer Brad Briner supports both bills.

Arizona leads the crypto bill race

North Carolina is second to Arizona in the state-level race to approve legislation allowing local governments to invest in cryptocurrencies.

On April 28, Arizona’s House approved two bills, SB 1025 and SB 1373, proposing different methods for the state to establish a crypto reserve.

Arizona is the only state whose House and Senate have passed crypto-related bills, which are both awaiting Governor Katie Hobbs’ decision.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

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“Tidbits From TNT” Thursday Morning 5-1-2025

TNT:

Tishwash:  Fuad Hussein arrives in Oman to exchange views on "current challenges"

Fuad Hussein arrives in Oman to exchange views on "current challenges"
The Iraqi Ministry of Foreign Affairs announced the arrival of its Minister, Fuad Hussein, to the Omani capital, Muscat, on an official visit aimed at strengthening bilateral cooperation between the two countries.

The ministry said in a statement that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein is scheduled to hold meetings during the visit with a number of Omani officials, most notably the Omani Minister of Foreign Affairs, Badr bin Hamad Al Busaidi, to exchange views on regional and international developments and current challenges."

The statement indicated that the Iraqi Ambassador to Muscat, Qais Al Ameri, and embassy staff attended the reception ceremony.  link

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

Tishwash:  The majority of Iraq's financial assets are in US dollars. Al-Sudani's advisor discusses linking Iraqi banks to US banks.

On Wednesday, April 30, 2025, Mazhar Mohammed Salih, advisor to the Prime Minister for Financial Affairs, spoke about the repercussions of linking Iraqi banks to American banks.

As long as Iraq is within the dollar zone like other OPEC countries, with the US dollar constituting the majority of its financial assets from oil revenues, it is in our country’s interest to deal equally with the US commercial banking system as a global correspondent power for national banks, especially when dealing with more than one US bank operating globally (Global Bank) that has major global branches and arms, ” Saleh said in a press statement followed by Al-Jabal.

He pointed out that "the Central Bank of Iraq's efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country through integration with the dollar trade, banking, and investment zone, which remains one of the strongest and most important monetary zones in the world."

He stressed  that "reducing the costs of foreign banking transactions requires direct banking cooperation with more than one American (Global) bank, and that the Central Bank of Iraq is moving in the right, open, and rapid direction in assessing its priorities to serve the stability of the national economy at the level of foreign banking transactions and implementing them with the required speed and high guarantees ."

He pointed out that "the second American bank is responsible for providing opportunities for Iraqi banks as a global correspondent bank with multiple branches and operations to quickly implement banking operations, whether in transfers or financing foreign trade for our country's markets, without obstacles and with transparency and high governance. In addition, it provides financing and credit lines for trade and investment in Iraq, as well as benefiting from digital banking services and highly advanced international standards, which will bring our national banks to the required global level.

These are factors that encourage the investment and business climate in our country at the same time, in the midst of integration and cooperation with the international banking system."  link

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

Tishwash:  KRG official publicly criticizes Iraq’s Trade Bank over delays to ATM rollout and bank cards

 A senior official in the Kurdistan Regional Government publicly criticized Iraq’s Trade Bank on Wednesday, citing significant delays and insufficient cooperation in the rollout of a high-profile digital banking initiative intended to modernize public salary payments.

The initiative, known as My Account, launched in September 2023, aiming to allow government employees in the Kurdistan Region to receive salaries digitally via bank-issued cards, reducing dependency on cash and increasing financial transparency. TBI was among several banks selected for participation.

“We are pleased to announce that the Trade Bank of Iraq is now part of the My Account project to digitize salary payments in the Kurdistan Region,” the ministry had said in a statement last year. Although welcomed in May 2024 by the Kurdistan Ministry of Finance, TBI’s participation has become a source of concern.

Nearly a year later, officials say the bank has fallen short of its commitments.

Aziz Ahmed, deputy chief of staff to KRG Prime Minister Masrour Barzani and the official leading the My Account team, spoke candidly to 964media. “It’s true, this is the first time we are publicly expressing our concerns about one of the banks in the My Account project, which is TBI,” he said. “But the scale of the issues with this bank can no longer be overlooked.”

Ahmed explained that the KRG has been waiting for over a year for TBI to fulfill a pledge to install 100 ATMs. “Despite over 40,000 requests from public employees in the Kurdistan Region to open accounts with the bank, the ATM installation process hasn’t moved forward, and the issuance of My Account cards has also been delayed,” he said.

The delay, according to Ahmed, is not just administrative but has practical consequences. “The delay in delivering ATMs and distributing bank cards has affected the speed of the banking rollout and has harmed public employees in the region,” he said.

Other banks participating in the program have also experienced occasional technical setbacks, but those were typically resolved without long-term disruption. “The level of difficulty we’ve had with TBI is different and ongoing,” Ahmed said. “Issues faced by other banks, such as temporary ATM outages, were addressed and solved. That has not been the case with TBI.”

According to the latest data obtained by 964media from the My Account project, there are approximately 650 ATMs available across the Kurdistan Region—many newly installed as part of the initiative. The project aims to expand this network to over 1,200 ATMs, reaching beyond major cities to include towns and remote areas.

This expansion is intended to ease salary access for the Kurdistan Regional Government’s 1.2 million public sector employees—roughly one ATM for every 1000 workers.

Eight banks are currently participating: BBAC, Cihan Bank, RT Bank, Bank of Baghdad, Iraqi Islamic Bank, National Bank of Iraq, Trade Bank of Iraq, and the International Development Bank.

964media has learned that the project has registered around 750,000 employees so far, with more than 450,000 having received their bank cards, enabling them to withdraw salaries from ATMs after being paid directly to their individual bank accounts.

The project has vowed to register all public sector employees for digital banking accounts by the end of this year.

Ahmed said the KRG has formally raised the issue with both the Central Bank of Iraq and the office of Iraqi Prime Minister Mohammed Shia al-Sudani. “Despite our repeated official communications and efforts to resolve the problems with the bank at the highest levels, the response and cooperation have not met expectations.”

Frustrated by the lack of progress, the KRG has opted to go public. “The lack of a satisfactory outcome from those efforts has left us no choice but to make our concerns public in the spirit of transparency,” Ahmed said.

My Account functions as an alternative to Baghdad’s Tawtin (localization) program. In February 2024, Iraq’s Federal Supreme Court ruled that salaries for public employees in the Kurdistan Region must be paid directly by the federal government, rather than through the KRG’s allocated share of the national budget.

In September 2024, public sector workers in Erbil and Sulaymaniyah expressed growing frustration as some ATMs ran out of cash, leaving many unable to access their delayed wages. However, officials overseeing the My Account project say those problems have since been addressed and that the system is now operating more smoothly. There have been no reports of widespread issues since.  link

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Mot:  'Footloose' - Dancing In The Movies  https://www.youtube.com/watch?v=0rLhJZTHYo4

Mot: 40 FINGERS - Sound Of Silence & The Last Of The Mohicans

https://www.youtube.com/watch?v=vOd6QAuK2YE

Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-30-25

Good Evening Dinar Recaps,

UK DECIDES TO ALIGN WITH US RATHER THAN EU OVER CRYPTO REGULATION: INTRODUCES NEW RULES

Amidst fear of losing ground to global fintech hubs, the UK has announced new draft regulations for the crypto sector.

On 29 April 2025, Finance Minister Rachel Reeves said, “Through our Plan for Change, we are making Britain the best place in the world to innovate – and the safest place for consumers. Robust rules around crypto will boost investor confidence, support the growth of Fintech and protect people across the UK.”

The UK government is now introducing compulsory regulation for crypto exchanges, dealers, and agents.

Importantly, the UK has decided to align with the US, treating crypto assets as securities. This marks a departure from the EU’s Markets in Crypto-Assets (MiCA) framework, which took effect in December 2024.

“The Chancellor also revealed that the UK and US will use the upcoming UK – US Financial Regulatory Working Group to continue engagement to support the use and responsible growth of digital assets,” the UK government website said.

The government aims to finalize the legislation by the end of 2025.

UK’s Clear New Rules To Boost Investor Confidence

Furthermore, the Chancellor also revealed that discussions with the US about supporting the use and responsible growth of digital assets are underway, as the government works in national interest to drive growth through Plan for Change.

The Chancellor also announced that the government will publish the first-ever Financial Services Growth and Competitiveness Strategy on 15 July, alongside her Mansion House speech. This will support the financial services sector’s long term growth, with Fintech identified as a priority sector, and help it finance investment and growth across the UK.

Around 12% of UK adults now own or have owned crypto, up from just 4% in 2021.

Industry Leaders Urge UK To Address Urgent Concerns Around Regulation, Funding, Innovation

Despite the government’s efforts, several fintech and crypto executives have expressed concern that the UK is losing its competitive edge.

“I think the UK will get it right — but there is a risk if you get it wrong that you drive innovation to other markets,” Keith Grose, Coinbase’s UK head, revealed CNBC on 30 April 2025.

Meanwhile, Jaidev Janardana, CEO of digital bank Zopa, weighed in too. “If I consider the pace of innovation, I believe the US is currently ahead – despite its own set of challenges. Yet, when you look at places like Singapore and Hong Kong, there is significantly faster innovation,” he said.

Tim Levene, CEO of venture capital firm Augmentum Fintech, said, “We’re scrambling around looking for pots of capital in the UK, where currently it would be more fruitful to go to the Gulf, to go to the US, to go to Australia, or elsewhere in Asia, and that that doesn’t feel right.”

@ Newshounds News™
Source:  99Bitcoins

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BRICS MAY PUSH GOLD PRICE TO $6,000 AS US TRADE WAR TALKS PERSIST

With continued geopolitical unrest, the rush to haven assets has been an undeniable reality. That could benefit one economic alliance that has sought out a US dollar alternative for much of the last year. Indeed, the BRICS alliance may push the gold price to heights of $6,000 as talks of an impending US trade war persist.

Since its unveiling of sweeping global tariffs in early April, tension between the US and China has reached a fever pitch. Moreover, that has created increased conflict within the alliance itself, as the group has recently failed to deliver a joint statement. Yet, all eyes are on gold, as the developments could only fuel the asset that BRICS nations have purchased rampantly throughout the last year.

BRICS May Push Gold to New Heights Amid US Tensions

Since he emerged victorious in the 2025 US presidential election, Donald Trump has expressed his issues with the BRICS alliance. He threatened 150% tariffs on the bloc for their role in global de-dollarization efforts. Although that didn’t come to fruition, China is facing import duty increases of up to 245% amid its recent roll-out of America-first trade policies.

These could only strengthen the Global South collective, however, as the policy reshapes the international economy. Indeed, the BRICS bloc may push the gold price to $6,000 as talks of a US trade war persist.

US Global Investors CEO and executive chairman of Hive Digital Technologies, Frank Holmes, recently discussed gold’s potential. “I think the goal should be going to $6,000 over the term for President Trump,” Holmes said. “If the tariffs go up 25%, then the dollar has to go down 25%,” Holmes added.

The expert was articulating the reality that the ongoing economic policy and the greenback have an adverse relationship. Since he entered office, the US dollar has plummeted 10% over the first 100 days of Trump. Moreover, BRICS, and China specifically, have ramped up gold buying.

The People’s Bank of China has been the largest covering buyer of gold for more than five straight months. Moreover, in Q1 alone, it added 27 tonnes to its reserves, making it the largest holder in modern history. Trading at the $3,300 level, there is room for the asset to skyrocket, especially if the Trump tariff plan is resumed in the coming month.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Some Iraq News Posted by Clare at KTFA 4-30-2025

KTFA:

Clare:  Government advisor: Linking national banks with their American counterparts provides a means for economic stability.

4/30/2025  - Baghdad

Prime Minister's advisor, Mazhar Mohammed Salih, confirmed on Wednesday that linking up with US banks provides financing and credit lines for trade and investment in Iraq. He also explained that direct cooperation with more than one US bank reduces the costs of foreign transactions.

“As long as Iraq is within the dollar zone like other OPEC countries, with the US dollar constituting the majority of its financial assets from oil revenues, it is in our country’s interest to deal equally with the US commercial banking system as a global correspondent for national banks, especially when dealing with more than one US bank operating globally (Global Bank) that has major global branches and arms,” Saleh said in a statement reported by the official news agency and seen by Al-Eqtisad News.

He added, "The Central Bank of Iraq's efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country through integration with the dollar trade, banking, and investment zone, which remains, without a doubt, one of the strongest and most important monetary zones in the world."

He pointed out that "reducing the costs of foreign banking transactions today requires direct banking cooperation with more than one American bank (Global), and that the Central Bank of Iraq is moving in the right, open, and rapid direction in assessing its priorities to serve the stability of the national economy at the level of foreign banking transactions and implementing them with the required speed and high guarantees."

Saleh explained that "the second American bank provides opportunities for Iraqi banks as a global correspondent bank with multiple branches and operations to quickly implement banking operations, whether in transfers or financing foreign trade for our country's markets, without obstacles and with transparency and high governance.

 In addition, it provides financing and credit lines for trade and investment in Iraq, as well as benefiting from digital banking services and highly advanced international standards, which will bring our national banks to the required global level.

These are factors that encourage the investment and business climate in our country at the same time, in the midst of integration and cooperation with the international banking system."   LINK

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

Clare:  Ministers, experts, and journalists met... the outcome of the Iraqi Foreign Minister's visit to Washington

4/30/2025

Foreign Minister Fuad Hussein concluded his official visit to Washington, D.C., on Wednesday, during which he met with a number of American officials and representatives of research and media institutions.

The Ministry of Foreign Affairs stated in a statement received by 964 Network:

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein concluded his official visit to Washington, D.C., which began on Thursday, April 24, 2025. He held a series of high-level meetings with senior U.S. officials and representatives of research and media institutions.

On Friday, April 25, the Minister met with his American counterpart, Mr. Marco Rubio, at the US State Department. The two sides discussed ways to enhance bilateral cooperation, particularly in the political, security, and economic fields. During the meeting, Mr. Fuad Hussein also stressed the importance of reviewing US security warnings regarding travel to Iraq.

At his residence in Washington, the Minister held meetings with a number of senior officials and experts, including Mr. Tim Lenderking, Senior Official in the Bureau of Near Eastern Affairs, and Ms. Victoria Taylor, Deputy Assistant Secretary of State for Iraq and Iran, where they discussed bilateral relations and ways to strengthen them.

On Saturday, April 26, Mr. Fuad Hussein also received Mr. Douglas Silliman, President of the Arab Gulf Research Institute and former US Ambassador to Iraq, Mr. Zalmay Khalilzad, former US Ambassador, in addition to a number of prominent figures in the fields of politics, media, and energy, including Ms. Barbara Leaf, Mr. Kenneth Pollack, Mr. Michael Gordon, Mr. Mark Rowland, Mr. Matthew Zeiss, Dr. Eisen Maroji, Mr. Andrew Parasiliti, and former US Ambassador to Iraq, Alina Romanowski.

As part of his diplomatic activities, the Minister visited the Embassy of the Republic of Iraq in Washington on Monday, April 28, and met with the Iraqi Ambassador to the United States, Mr. Nizar Al-Khairallah, and embassy staff, learning about the progress of work and efforts made to strengthen Iraqi-American relations.

The Minister also participated in two roundtable discussions organized by the Washington Institute for Near East Policy and the Middle East Institute (MEI), attended by a select group of researchers and experts. The discussions addressed regional developments, Iraq's growing role in the region, and the future of relations between Baghdad and Washington.

On Tuesday, April 29, US National Security Advisor Mike Waltz received Mr. Fuad Hussein at the White House, in the presence of a number of senior officials. The meeting discussed regional security and shared challenges.

The Minister also met with US Deputy Secretary of the Treasury, Dr. Michael Falkender, where the two sides discussed Iraq's energy situation and the Iraqi government's efforts to achieve electricity independence.

On the sidelines of the visit, Mr. Fuad Hussein conducted interviews with a number of prominent media outlets, including Al-Sharq Channel, Bloomberg, Sky News, Al-Iraqiya, Rudaw, and Kurdistan 24, during which he addressed Iraq's most prominent positions on regional and international issues.

At the conclusion of his visit, the Minister held a roundtable discussion with a select group of journalists and correspondents from American media outlets at the Iraqi Embassy in Washington. The discussion was attended by Ambassador Nizar Al-Khairallah, members of the accompanying delegation, and embassy staff. He reviewed the most important outcomes of his visit and the prospects for Iraqi-American relations in the coming period.  LINK

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Clare:  Al-Sudani opens doors to Baker Hughes... Iraqi gas on the negotiating table

4/30/2025

Prime Minister Mohammed Shia al-Sudani discussed the Iraqi gas file on Wednesday with Lorenzo Simonelli, Chairman and CEO of Baker Hughes, an American company. Simonelli affirmed that all necessary facilities would be provided for the company's work in Iraq.

The Prime Minister's Office stated in a statement received by Shafaq News Agency, "Al-Sudani received the Chairman and CEO of Baker Hughes, an American oil and energy services company, Lorenzo Simonelli. During the meeting, they discussed prospects for cooperation in the energy sector and reviewed the company's projects in Iraq, including the completion of gas processing units in the Nasiriyah field with a capacity of 200 million standard cubic feet, the first phase of which is expected to be completed before the summer of 2026, while the second phase will be completed in 2027."

Al-Sudani pointed out that "the government is ready to provide all necessary facilities and support for the company's operations in Iraq, in light of government procedures for the entry of businessmen and companies into the Iraqi market," noting that "the government has worked to improve the business environment to attract companies across all sectors."

For his part, Baker Hughes expressed his company's "commitment to implementing energy projects in Iraq and expanding its scope of
work," stressing that "Iraq boasts promising investment opportunities in various fields." LINK

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Clare:  Iran announces cooperation with Iraq on oil, associated gas, and offshore exploration.

4/30/2025

Iranian Oil Minister Mohsen Paknejad announced on Wednesday the signing of four joint cooperation documents with Iraq in the oil and gas sector.

In a statement to reporters today, Paknejad said that he had visited Iraq two weeks ago at the invitation of the Iraqi oil minister, during which four cooperation documents were signed.

He added, "Two of these documents are in the form of cooperation plans, including implementation and participation regarding the collection of associated gases in Maysan Governorate and near the border, which could not be released due to a lack of raw materials," adding that "if this project is implemented, it will be possible to launch it."

The Iranian oil minister continued, saying, "There is also another issue related to joint work on offshore exploration operations in areas shared within Iraqi territorial waters and studies related to developing the Khorramshahr field, which is shared with the Sinbad field in Iraq. Documents have been signed in this regard."

Iranian Oil Minister Mohsen Paknejad arrived in Baghdad on Monday, April 14, for a two-day official visit at the invitation of his Iraqi counterpart to discuss ways to enhance cooperation between the two countries in the oil and energy sectors.

An informed source told Shafaq News Agency that the Iranian minister, upon his arrival, held a meeting with the Iraqi oil minister, where they discussed cooperation in the energy sector and signed four memoranda of understanding.

It's worth noting that the Iranian minister met with his Iraqi counterpart, Minister of Electricity Ziyad Ali Fadhil, in February 2024, during which they emphasized enhancing cooperation in the oil, gas, and electricity sectors.

For his part, Iraqi Oil Minister Hayan Abdul Ghani confirmed the signing of memoranda of understanding and agreements with Iran to exchange expertise, serving the interests of both countries and enhancing joint cooperation in various sectors.

Abdul Ghani indicated, in a statement received by Shafaq News Agency, that "Iraq has promising gas investment projects and is working to achieve self-sufficiency in petroleum derivatives."LINK

Iraq Economic News And Points To Ponder Wednesday Morning 4-30-25

Finance: Work Is Underway To Implement The ASYCUDA System In Customs

economy | 10:24 - 04/29/2025   Mawazine News – Baghdad  The Ministry of Finance confirmed, on Tuesday, that it is proceeding with automation programs in the ministry's sectors, while indicating that work is underway to implement the ASYCUDA system in the customs sector.

The Director General of the Financial and Accounting Training Center at the ministry, Ahmed Al-Dahlaki, said: "The Ministry of Finance is proceeding with the issue of automation and a comprehensive system in the ministry's sectors, including the banking sector."

He explained that "work is underway to implement the ASYCUDA system in the customs sector, as experts at the United Nations are training employees for the purpose of its implementation."

He added that "other departments in the ministry are working on digital transformation and automation," noting that "part of the work of the Financial and Accounting Training Center is capacity building, and there are intensive courses at the center for this purpose https://www.mawazin.net/Details.aspx?jimare=260982

Al-Eqtisad News Publishes The Full Minutes Of The Cabinet Session.

Money and Business   Economy News – Baghdad  Al-Eqtisad News publishes the full minutes of the 17th Cabinet session held on Tuesday, chaired by Prime Minister Mohammed Shia al-Sudani.

The Prime Minister's media office said in a statement seen by Al-Eqtisad News, "Al-Sudani chaired the 17th regular Cabinet session today, Tuesday, during which the general situation in the country was discussed, a number of files included in the government's strategic plans were followed up, in addition to discussing the topics on the agenda and taking the necessary decisions regarding them."

The statement added, "The Council of Ministers agreed to authorize the Mayor of Baghdad and the governors, according to their specialization, to allocate plots of land belonging to municipal institutions to government service departments for use for official purposes, based on the provisions of the Municipal Administration Law (165 of 1964) as amended."

He added, "Within the framework of the strategic agreement signed between Iraq and Turkey during the Turkish President's visit to Baghdad last April, the Council authorized the Minister of Water Resources to issue invitations and sign contracts to implement projects such as the Al-Jazeera Irrigation Project, the Hawija Irrigation Project, the Abu Takia Dam Project, the Al-Abyad Dam Project, and the Khazar Dam Project."

He pointed out that "as part of the government's efforts in the environmental field, the Council voted to adopt the "National Initiative for Environmental Monitoring and Inspection" as a strategic national measure, taking into consideration amending the initiative to include the Ministry of Environment contracting with relevant authorities to provide technical and logistical support to the environmental monitor in accordance with the law."

He continued: "Within the framework of health efforts to confront epidemics, the Council of Ministers approved the recommendations of the Diwani Order Committee (23514 of 2023) as follows:

1- Establishing the National Committee for One Health, the national body responsible for managing all health and epidemic events and crises, and making the necessary decisions to protect society. It will be the body responsible for evaluating and directing events with the relevant authorities, to ensure an integrated and coordinated response to epidemic diseases.

2- Allowing the import of meat or live animals, with emphasis on taking all necessary measures to ensure their safety before and after their entry into Iraq, in order to preserve food security.

3- The Ministry of Finance shall finance an amount of (3) billion dinars, from the emergency reserve budget, to the National Committee for One Health, to enable it to implement measures to control the spread of diseases, according to its operational plan, in a way that contributes to controlling diseases, including media, awareness, guidance and oversight activities, according to the classification of the Ministry of Health, as follows: (1.750) billion dinars to the Ministry of Agriculture, (1) billion dinars to the Ministry of Health, and (250) million dinars to the Ministry of Environment.

4- Providing continuity of service to government slaughterhouses for a period of (3-5) years, after qualifying them with the necessary requirements, processing units and veterinary supervision.

The statement added, "In the electricity file, the Council approved the following:

First: The invitation for long-term maintenance (LTSA) for the (DIBIS 2×160 MW GTE-160) units for a period of five years, for the (Dibs Gas Power Plant) under the supervision of the German company (Siemens Energy), with a period of implementation and maintenance of (5 years), according to the time schedule, and a continuous operation guarantee period of 5 years and (365 days) at the expense of the operating budget of the Ministry of Electricity after the last maintenance, and from an American or European origin, arriving at the station site at the expense of the German company, and authorizing the General Manager of the General Company for Electricity Transmission/Northern Region to sign the contract with the company.

Second: Referring the invitation for the supply of materials/first phase for the rehabilitation of units (1, 2, 4) of the Al-Musayyab Thermal Power Plant, to the German company (Siemens Energy), according to the payment method submitted by the company, and authorizing the General Manager of the General Company for the Production of Electricity/Middle Euphrates the authority to refer and contract, provided that the procedures for the contract are in accordance with the instructions for implementing government contracts (2 of 2014) and the controls attached to it.

The statement highlighted that, "In the transportation sector, approval was given to authorize the Minister of Transportation to negotiate and sign a draft cooperation agreement between Iraq and Tunisia in the field of maritime transport, based on the provisions of the Constitution. ‘

The Ministry of Foreign Affairs will prepare the necessary authorization document and submit it to the General Secretariat of the Council of Ministers for the Prime Minister's signature."

The Council approved the draft law on the protection of volunteer first responders and rescuers, which was reviewed by the State Council, and referred it to the House of Representatives, taking into account the comments of the Legal Department of the General Secretariat of the Council of Ministers, in light of the changes made by the State Council to the aforementioned draft law.

He explained that, "Within the government's work on infrastructure projects and the completion of those that are lagging behind, the following was approved:

1. Increasing the total cost and reserve amount for the project contract (construction of the second lane of the Rumaitha-Najmi Road, with a length of (12,700 km) included in the budget of Muthanna Governorate, with amending the project name to include details of the new section.

2. Creating a component (consultant/resident engineer for the complementary works project to establish a hospital in Basra Governorate) including the reserve amount, with an increase in its total cost, along with an increase in the total cost of the project (establishing a hospital in Basra Governorate).

3. Increase the reserve amount and the total cost of the contract (engineering supervision of the construction project of the General Secretariat of the Council of Ministers building).

The statement concluded, "Within the framework of completing the oil refinery projects, the Council approved increasing the cost of the component (granting license P/2171/2 (FCC, CCR, NHT, PENEX)) and increasing the reserve amount for the aforementioned contract within the total cost of the (Karbala Refinery) project."  57 views   04/29/2025 - https://economy-news.net/content.php?id=54952

A Parliamentary Committee Announces Its Intention To Pass "Important Legislation" In The Next Parliamentary Session.

economy | 05:26 - 04/29/2025   Mawazine News - Baghdad –   The head of the Parliamentary Finance Committee, Atwan Al-Atwani, announced today, Tuesday, that the committee will submit the law of the General Authority for Monitoring the Allocation of Federal Revenues to the second reading in the next session of the House of Representatives.

A statement from his office, received by Mawazine News, stated that Al-Atwani "chaired, today, the closing session of the specialized workshop held by the Parliamentary Finance Committee in cooperation with the International Partners Foundation to discuss ways to maximize federal revenues,

" indicating that "the workshop completed on its second day the discussion of the proposed amendments to the Law of the General Authority for Monitoring the Allocation of Federal Revenues No. (55) of 2017, with the aim of activating its work by adding new tasks and powers, setting mechanisms for implementing its duties, and defining the nature of the connection and relationship with the relevant authorities."

Al-Atwani said, "The Finance Committee is proceeding with its practical steps regarding diversifying sources of income and the gradual transition towards a diversified economy and not relying excessively on oil in financing the state budget."

He added, "The committee is determined to proceed with the second reading of the first amendment to the Federal Revenue Allocation Monitoring Authority Law, after completing discussions and exchanging ideas, with the aim of activating this constitutional institution so that it can assume its true role in analyzing and evaluating the revenues of each government institution and setting realistic estimates of their revenues, whether from services or investment of assets and economic and development activities, in addition to monitoring their collection."

Al-Atwani pointed out, "The approval of this law, as we plan, represents the culmination of the efforts of the Finance Committee during this parliamentary session, and a national achievement that we are entitled to be proud of, especially since this strategic direction represents a real guarantee for a strong and robust economy, which secures the future of coming generations.
https://www.mawazin.net/Details.aspx?jimare=261007

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-30-25

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BRICS:  INDIA SEEKS TO BE A MAJOR REPLACEMENT SUPPLIER TO THE US IN TRADE

India hopes to establish a new deal with the US on trade quickly, as the country seeks to become a major replacement supplier in areas vacated by China in trade. 

New Delhi says its prepared to include a sweetener in trade talks with the US that would “future-proof” a deal by ensuring no other trade partners could have superior terms. “This clause, in a sense, future-proofs the U.S. deal and is the only way to do so,” one of the officials said.

Indian government officials are pushing for the deal to be accepted by the Trump Administration as soon as possible. Despite the tensions between the nation and the BRICS alliance, the US and India have been in revised trade talks for months.

The potential US-India trade deal represents a significant step forward in bilateral economic relations between the two nations. Secretary Bessent’s statements this week and India’s latest proposal suggest that negotiators have already made substantial progress in these ongoing discussions.

Right now, the US actively pursues trade agreements with several Asian nations as well. The Treasury Secretary provided some additional insight into these diplomatic efforts during his recent CNBC interview on Monday. Bessent stated: “The U.S. had also held very substantial negotiations with Japan, and discussions with other Asian trading partners were going well.”

India has already made several offers and pre-emptive concessions to the U.S. on trade, showing itself more eager than several other big U.S. trading partners. Unlike China, Canada, and the European Union, India has been very supportive of the Trump administration and has established a solid partnership. Furthermore, the country also wants to avoid the proposed 26% tariff on itself from the US.

@ Newshounds News™
Source:  Watcher Guru

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EU SECURITIES WATCHDOG ESMA ISSUES GUIDELINES TO COMBAT MARKET ABUSE IN CRYPTO ASSETS UNDER MICA

On April 29, 2025, the European Securities and Markets Authority (ESMA) published guidelines to enhance supervisory practices for preventing and detecting market abuse in crypto assets under the Markets in Crypto Assets Regulation (MiCA).

Tailored for National Competent Authorities (NCAs), the guidelines draw on ESMA’s experience with the Market Abuse Regulation (MAR) and address the unique aspects of crypto trading, such as its cross-border nature and heavy reliance on social media.

 They emphasize risk-based, proportionate supervision and aim to foster a unified supervisory culture through industry dialogue and NCA collaboration.

The guidelines will be translated into all EU languages, take effect three months after publication, and require NCAs to confirm compliance within two months, though ESMA encourages immediate adoption of the principles.

@ Newshounds News™
Source:  Bitcoin News

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🇪🇺 LATEST: Europe's second largest neobank, Bunq partners with Kraken to offer crypto trading services for its banking app users in six European countries starting April 29.

@ Newshounds News™
Source:  @Cointelegraph on Telegram

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 4-30-2025

TNT:

Tishwash:  The Central Bank announces the launch of the Arab Financial Inclusion Week 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 will contribute to supporting economic and social development and achieving sustainability.

The week's activities include organizing 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 the branches in coordination with the Association of Islamic Banks, the Association of Private Commercial Banks, and the "We Will Reach You" and "Spare You" campaigns approved by the Central Bank.

Central Bank of Iraq
Media Office
April 27, 2025  link

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Tishwash:  To support small and medium-sized enterprises, a financing partnership was signed with the German Development Bank.

The Ministry of Planning announced today, Tuesday, the signing of a strategic financing partnership between the International Labor Organization and Iraqi financial institutions, within the framework of the Small and Medium Enterprises Development and Enhancement Project, funded by the German Development Bank (KfW).

Sabah Jundi Mansour, Director General of Economic and Financial Policies at the Ministry of Planning, explained in a statement received by Kalima News that "the importance of this partnership lies in supporting economic policies that focus on creating sustainable job opportunities and enhancing social protection, especially for vulnerable groups," noting that "the project represents a practical step toward activating responsible investment and linking financing tools to fair and comprehensive development policies." 

He pointed to "the role of Iraqi financial institutions in embracing qualitative cooperation with the International Labour Organization, which will enhance financial inclusion and open new horizons for entrepreneurship and local development." 

It is worth noting that "this partnership is part of joint efforts to support Iraq in achieving the Sustainable Development Goals, particularly Goal 8 on decent work and economic growth, and Goal 1 on eradicating poverty."  link

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Tishwash:  Due to the drop in oil prices, the Iraqi government is considering canceling the 2025 budget.

An Iraqi cabinet source said on Wednesday that the government is considering canceling the 2025 budget due to the drop in oil prices, which has increased the country's fiscal deficit .

The source told Shafaq News Agency, "The Council of Ministers did not formally discuss the budget schedules in its previous sessions, and Finance Minister Taif Sami informed the Council of Ministers that there is a large deficit in the budget schedules ."

He added, "Under current conditions, there will be no budget this year due to the decline in oil prices, which has directly impacted financial revenues and increased the deficit in the 2025 budget ."

The source explained that "if the budget is cancelled, Finance Minister Taif Sami may issue a decision to release bonuses and promotions for state employees that were halted and delayed due to the budget."

On April 16, the Parliamentary Finance Committee warned against adjusting the price of a barrel of oil in the Iraqi federal general budget due to the decline in global oil prices .

Committee member Jamal Kocher told Shafaq News Agency, "The price of a barrel of oil was set in the general budget law at $70 per barrel. At the time, the price of a barrel of oil was more than $70. It is not yet known whether the government has adjusted the price of a barrel of oil in the budget or not ."

Kocher pointed out that "the Iraqi state's operating budget is only 90 trillion dinars, and if the price of a barrel of oil falls below $60 and this is not addressed, this will lead the country to enter a financial crisis, and the government will spend the financial revenue from oil on employee salaries only   link

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Mot: . Spring is in da Air!!!!

Mot Sorry!! --- ((( heeee heeee heeee ))) 

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

The Dollar Continues To Bleed Against The Iraqi Dinar.

Economy |  04/29/2025  Mawazine News – Baghdad   - The exchange rate of the US dollar against the Iraqi dinar decreased in Baghdad markets on Tuesday.

The dollar price decreased on the Al-Kifah and Al-Harithiya stock exchanges, recording 144,650 dinars for every $100, while the price was 145,300 dinars for every $100 on Monday morning.

Selling prices also decreased in exchange shops in Baghdad's local markets, where the selling price 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=260985

Government Advisor: Iraq Is In A Prosperous And Prosperous Era Despite The Difficulties Of The International Economy.

Time: 2025/04/29 Read: 3,645 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that operating expenses, which include salaries and other expenses, constitute approximately 57% of total annual spending in Iraq, and are fully covered as construction projects proceed at an accelerated pace.

Saleh explained in a statement to Al Furat News Agency, "This confirms the success of fiscal space management in supporting the country's financial, economic, and developmental sustainability, even in light of the relative decline in the oil asset cycle."

He pointed out that this has had a positive impact on citizens' living conditions, as annual growth in the general price level, or the inflation index, has remained below 4% per year, a key indicator in the country's stability roadmap and maintaining its standard of living.

Saleh described the current situation as a "prosperous and prosperous era" despite the difficulties facing the regional and global economies.

He noted that Iraq ranks third in the West Asia region in terms of GDP composition, after Saudi Arabia and the United Arab Emirates, among the group of Arab countries with high annual national incomes, according to the latest international indicators and estimates.   LINK

Basra Crude Oil Prices Stabilize At Around $67.44

economy | 09:31 - 04/29/2025  Mawazine News - Baghdad -  Iraqi oil prices stabilized on Tuesday during weekly trading in the global market. According to a report reviewed by Mawazine News, Basra Medium crude oil recorded around $67.44 per barrel, while Heavy crude oil recorded $64.28 per barrel, with a change of -0.22 for both.

The report also showed an increase in global oil prices, with British Brent crude recording $65.22, while US West Texas Intermediate crude oil recorded $61.42 per barrel, with a change of -0.64 and -0.62, respectively.    https://www.mawazin.net/Details.aspx?jimare=260981

Oil Announces Final Statistics On Exported Quantities During Last March

Energy  Economy News – Baghdad  The Ministry of Oil announced on Tuesday the final statistics on exported quantities during the month of March, indicating that revenues amounted to approximately $8 billion. 

The ministry said in a statement seen by Al-Eqtisad News that "total oil revenues amounted to approximately $8 billion last month."  She explained that "total oil exports amounted to (106,663,211) barrels."

The ministry continued, "The quantities of exported barrels of Basra oil amounted to (104,740,398), while the quantities of exported barrels of Kirkuk oil - Qayyarah field amounted to (1,613,048), while the quantities of exported barrels from the modern Kirkuk oil depot to Jordan amounted to (309,765)." 67 views  04/29/2025 - https://economy-news.net/content.php?id=54946

Baghdad Hosts A Unique Event On Innovation. Global Companies: Iraq Is Moving Forward With Digital Transformation

Tuesday, April 29, 2025, 4:39 PM | Economic Number of reads: 181  Baghdad / NINA / The capital, Baghdad, hosted the Dell Technologies Data Innovation Conference, with the attendance of government, parliamentary, and academic community figures, as well as businessmen and investors from the private sector in Iraq, to ​​learn about the latest releases and technologies of modern information systems provided by Dell.

Dell experts reviewed the role of technology in leading digital transformation, stressing that Iraq is making rapid strides in digital transformation. "We contribute with public and private sector institutions to develop technology in Iraq, as well as help in developing plans and strategies for digital transformation, and defensive plans against cybersecurity attacks,"

said Sami Samara, Dell Regional Director in Iraq, in an interview with the National Iraqi News Agency ( NINA

). He added, "Through cooperation with the public and private sectors, we will offer extensive experience gained from America, Europe and Asia, with the aim of sharing this experience with the Iraqi market and developing it to achieve various successes in the technology and artificial intelligence sector. We also work with our local partners and with the public and private sectors, as we excel in designing and competitive growth for institutions."

He continued, "There are specific requirements for the banking, business, communications, health, defense, and cybersecurity sectors. Each of these sectors has its own unique characteristics and requirements, which is why we can identify the priorities and work systems in these sectors."

He emphasized that "Iraq is making rapid strides, and there is significant development and significant support from the government through clear directives. Today, there is Iraqi expertise, a workforce, and a growing knowledge base for the younger generation in modern technology."

In turn, the Managing Director of Global Technology Company, Ziad Al-Ani, confirmed in an interview with the National Iraqi News Agency ( NINA ), that this event is a true result of joint work and not the beginning of a new project.

He added, "The continued support of the Prime Minister and the government's orientation towards technological and technical development in Iraq has placed the Iraqi market at the forefront of international companies' interests, so that they prepare to work within Iraq themselves instead of choosing agents and representatives."

He added, "The government's strategy for digital transformation and infrastructure to be a distinguishing mark of the government's work conveys a true picture to decision-makers in international companies of Iraq's seriousness in building and developing this system."

He continued, saying, "The greatest attention is focused on the government sector due to the urgent need, as Iraq has actually begun entering the field of digital technology since 2022-2023, and there is increasing demand in the local market to attract these needs." He pointed out that there are many mechanisms for digital transformation to place Iraq among the ranks of global countries.

He added, "After 2003, we have a young generation aged 22-26 years old who are qualified to lead the digital transformation, and this is evidence that Iraq He has the human potential and economic strength of the state that makes the local market an effective market. /End https://ninanews.com/Website/News/Details?key=1223779

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

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

Good Evening Dinar Recaps,

HISTORIC: AI WILL BEGIN DEVELOPING LAWS IN THE UAE

The government of the UAE has launched what it calls the first AI-based legislative system, allowing synthetic agents to develop laws and monitor their effects through big data analysis.

UAE Enables AI Interaction in Lawmaking With New Smart Legislative System

Artificial Intelligence (AI) has begun to penetrate all aspects of human life, and governance is next. On April 14, the government of the United Arab Emirates (UAE) approved the implementation of what the media is calling the first AI-powered legislative system, paving the way for the proposal of law projects with significant synthetic participation.

The system will link all judicial rulings to their established jurisdictions, creating a map that connects these rulings with AI elements. As a participant in this system, the AI will be able to monitor these developments and study the effects of regulations in each jurisdiction with the help of this map.

Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and a member of the cabinet that approved this development, expects AI to significantly improve the legislative process in the UAE.

In this regard, he stated:

"The new AI-based legislation system will create a qualitative shift in the legislative cycle, its speed, and its accuracy, ensuring our national legislative excellence and keeping our laws in line with best practices and the highest aspirations."

Al Maktoum also highlighted that the system will be able to propose legislative amendments on an ongoing basis, supported by the analysis of their effects using big data and statistics. Official reports stated that the expectation is for this tool to enhance the efficiency of the legislative process and accelerate the legislative issuance cycle by up to 70%.

This new approach to legislation will also create new roles for AI agents, such as legislative researchers, legislative editors, and legislative monitors.

However, neither the technical details of the implementation nor the models to be used for this system were specified by UAE authorities.

@ Newshounds News™
Source:  Bitcoin

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US SENATE MAJORITY LEADER EXPECTS STABLECOIN VOTE BEFORE MAY 26 — REPORT

Lawmakers in the US Senate will reportedly move forward with a vote on the GENIUS stablecoin bill before the Memorial Day holiday.

US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday.

According to an April 29 Politico report, Thune made the comments in a closed-door meeting with Republican senators, who hold a slim majority in the chamber. 

The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, was introduced by Senator Bill Hagerty in February and passed the Senate Banking Committee in March.

Thune did not mention any crypto or blockchain-related bills in his public comments on US President Donald Trump’s first 100 days in office. Since his Jan. 20 inauguration, Trump has signed several executive orders with the potential to affect US crypto policy, including one affecting stablecoins. Still, many of the actions do not carry the force of law without an act of Congress.

The proposed GENIUS bill could essentially restrict any entity other than a “permitted payment stablecoin issuer” from issuing a payment stablecoin in the United States. 

The House of Representatives, also controlled by Republicans, has proposed a companion bill to the legislation: the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act.

Trump accused of conflicts of interest over stablecoins, crypto ventures

The president’s executive order, signed on Jan. 23, established a working group to study the potential creation and maintenance of a national crypto stockpile and a regulatory framework for stablecoins. Republican lawmakers followed by introducing the STABLE and GENIUS acts.

Trump also introduced the order before World Liberty Financial, a crypto firm backed by the president’s family, launched its US-dollar pegged USD1 stablecoin.

 Many Democratic lawmakers said that Trump’s ties to the firm, coupled with his political influence and position, could present an “extraordinary conflict of interest that could create unprecedented risks to our financial system” as Congress considers the two stablecoin bills.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

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

Good Afternoon Dinar Recaps,

VISA, STRIPE, AND MASTERCARD DRIVE STABLECOIN GROWTH IN 2025

▪️Stablecoins are transitioning from a crypto niche to a significant force in global finance.

▪️Major financial firms like Visa, Mastercard, and Stripe are actively integrating stablecoin technology.

▪️Stablecoin transaction volumes now surpass Visa's, indicating rapid mainstream adoption.

Stablecoins are evolving from a niche part of the crypto world to a major player in global finance. With major financial institutions like Visa, Mastercard, and Stripe supporting stablecoin projects, and transaction volumes now surpassing Visa’s network, it’s clear that stablecoins are changing the way money moves around the world.

Visa, Mastercard, and Stripe Embrace Stablecoins

There’s no denying the shift – traditional finance is embracing stablecoins. Visa has launched its Tokenized Asset Platform to help manage stablecoins and tokenized deposits. Stripe, meanwhile, is testing stablecoin payments to make it easier for businesses outside the US and EU to access US dollars.

Mastercard has introduced features that allow consumers to spend in stablecoins and merchants to receive payments in these digital currencies worldwide.

Stablecoin Market Overview

The stablecoin market is booming, with a total market cap of $243.1 billion, according to Coingecko. Tether (USDT), USDC, and USDS lead the charge, with market caps of $148 billion, $62 billion, and $7.6 billion, respectively. In terms of transaction volume, Tether dominates with over $51 billion, followed by USDC with $11 billion.

Stablecoin Transaction Volume Surpasses Visa

In an impressive shift, stablecoins now process more transactions on a weekly basis than Visa. This signals their growing influence in the global financial system and suggests they’re quickly becoming a mainstream financial tool that challenges traditional payment networks.

The Future of Stablecoins: What’s Next?

Billionaire investor Chamath Palihapitiya predicts that the stablecoin sector will see significant growth throughout 2025, with US dollar-backed stablecoins emerging as the biggest winners. He believes these stablecoins will become a core component of the global financial system, further solidifying their position in the market.

@ Newshounds News™
Source:  Coinpedia

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CIRCLE SECURES USDC REGULATORY NOD IN ABU DHABI, ENTERS TECH ECOSYSTEM

Circle's FSRA approval in Abu Dhabi sets stage for significant USDC expansion across the Middle East and Africa.

Circle, the issuer of the USDC stablecoin, has secured initial approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.

The approval, announced on April 29, allows Circle to move closer to receiving a full Financial Services Permission (FSP) to operate within the Abu Dhabi Global Market (ADGM).

This progress comes just months after Circle’s incorporation in ADGM in December 2024. It marks a significant step in the stablecoin issuer’s plan to offer compliant financial services across the Middle East and Africa (MEA).

Circle stated that the approval strengthens its position as a trusted player in the expanding world of regulated digital finance.

The firm continued that the move would allow it to expand the reach of USDC, the second-largest US dollar-pegged stablecoin by market capitalization, throughout the Middle East.

According to the firm, this would significantly boost USDC’s adoption in a region increasingly turning toward digital assets and adequately compete against Tether’s USDT, the largest stablecoin by market cap.

Circle’s CEO, Jeremy Allaire, said:

“[This creates] new pathways for investment and innovation in the region. It also underscores Circle’s enduring commitment to global stablecoin oversight—strengthening trust, compliance, and adoption worldwide, while laying a resilient foundation for the internet financial system.”

Collaboration with Hub71 to boost innovation

Beyond its regulatory success, Circle has partnered with Hub71, Abu Dhabi’s leading global tech ecosystem.

This partnership is focused on promoting digital asset innovation and strengthening the region’s fintech infrastructure.

Circle will work with Hub71 to tap into ADGM’s digital regulatory sandbox, a framework designed to test and support new financial technologies. The collaboration will give fintech founders access to grants, funding networks, and opportunities to scale their businesses.

Additionally, Circle will become part of Hub71’s Digital Assets Specialist ecosystem. This growing community includes more than 500 tech startups and venture capital partners.

Ahmad Ali Alwan, CEO of Hub71, said:

“Circle’s expertise will enrich our digital assets ecosystem, providing Hub71 founders with greater access to resources, mentorship, and growth opportunities. Through this partnership, we are enabling the adoption of leading digital financial infrastructure that supports startup growth and drives the evolution of Web3 and digital finance from Abu Dhabi.”

@ Newshounds News™
Source:  CryptoSlate

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