Thank you to all the subscribers to our Early Access program…we thank you for your continued support.
We are excited to offer this new service to keep you informed and up-to-date on the latest Dinar and currency news.
Sunday Night “Humor While We Wait” Posted by Mot at TNT
TNT:
Mot: ... Took hammer away from midget - ((( HUH?? )))
After every flight, UPS pilots fill out a form, called a "gripe sheet" which tells mechanics about problems with the aircraft. The mechanics correct the problems, document their repairs on the form, then pilots review the gripe sheets before the next flight.
Never let it be said that ground crews lack a sense of humor. Here are actual maintenance complaints submittd by UPS pilots ("P") and solutions recorded ("S") by maintenance engineers:
P: Left inside main tire almost needs replacement.
S: Almost replaced left inside main tire.
TNT:
Mot: ... Took hammer away from midget - ((( HUH?? )))
After every flight, UPS pilots fill out a form, called a "gripe sheet" which tells mechanics about problems with the aircraft. The mechanics correct the problems, document their repairs on the form, then pilots review the gripe sheets before the next flight.
Never let it be said that ground crews lack a sense of humor. Here are actual maintenance complaints submittd by UPS pilots ("P") and solutions recorded ("S") by maintenance engineers:
P: Left inside main tire almost needs replacement.
S: Almost replaced left inside main tire.
P: Test flight OK, except auto-land very rough.
S: Auto-land not installed on this aircraft.
P: Something loose in cockpit
S: Something tightened in cockpit
P: Dead bugs on windshield.
S: Live bugs on back-order.
P: Autopilot in altitude-hold mode produces a 200 feet per minute descent
S: Cannot reproduce problem on ground.
P: Evidence of leak on right main landing gear.
S: Evidence removed.
P: DME volume unbelievably loud.
S: DME volume set to more believable level.
P: Friction locks cause throttle levers to stick.
S: That's what friction locks are for.
P: IFF inoperative in OFF mode.
S: IFF always inoperative in OFF mode.
P: Suspected crack in windshield.
S: Suspect you're right.
P: Number 3 engine missing.
S: Engine found on right wing after brief search.
P: Aircraft handles funny.
S: Aircraft warned to: straighten up, fly right, and be serious.
P: Target radar hums.
S: Reprogrammed target radar with lyrics.
P: Mouse in cockpit.
S: Cat installed.
P: Noise coming from under instrument panel. Sounds like a midget poundng on something with a hammer.
S: Took hammer away from midget
************
Mot: “Sir, may I see your driver’s license?”
A police officer pulled over a car for speeding and approached the driver’s side window.
Officer: “Sir, may I see your driver’s license?”
Driver: “I don’t have one. Got suspended after my fifth DUI.”
The officer narrowed his eyes. Not good.
Officer: “Alright… can I see the registration for this vehicle?”
Driver: “Not my car. I stole it.”
The officer stiffened. This just got worse.
Officer: “You’re telling me this car is stolen?”
Driver: “Yep. But now that you mention it, I think I saw the owner’s registration in the glove box—right next to my gun.”
Officer: “There’s a GUN in the glove box?!”
Driver: “Yes, sir. That’s where I put it after I shot the woman who owns this car and stuffed her in the trunk.”
The officer backed away slowly and immediately called for backup. Within minutes, multiple squad cars arrived, lights flashing. The captain himself stepped out, approaching cautiously.
Captain: “Sir, may I see your license?”
The driver shrugged and handed it over. It was valid.
Captain: “And this car? Who does it belong to?”
Driver: “Me, of course. Here’s the registration.”
The captain examined the papers—everything checked out.
Captain: “Would you mind opening the glove box? We were told there’s a gun in there.”
Driver: “Sure, but there’s no gun.”
The officer opened the glove box. Empty.
Captain: “Alright… now, can you pop the trunk?”
The driver complied. The trunk swung open—completely empty. No sign of a body.
The captain turned to his officer, arms crossed. “I don’t get it. This officer said you told him you didn’t have a license, stole the car, had a gun in the glove box, and a body in the trunk.”
The driver shook his head and smirked.
Driver: “Yeah, and I bet the liar told you I was speeding too!”
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 4-6-25
Good Afternoon Dinar Recaps,
ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REVIEW STATEMENTS ON CRYPTO RISKS, SECURITY LAWS
▪️Acting SEC chair Mark T. Uyeda directed SEC staff on Saturday to review several staff statements concerning cryptocurrency regulation, including letters that warn investors of risks from crypto investing and one that provides detailed guidance for applying the Howey test to digital assets.
▪️The letters, which were compiled with the help of recommendations from the Department of Government Efficiency (DOGE), will be reviewed and “…modified or rescinded consistent with current agency priorities,” Uyeda’s statement said.
Good Afternoon Dinar Recaps,
ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REVIEW STATEMENTS ON CRYPTO RISKS, SECURITY LAWS
▪️Acting SEC chair Mark T. Uyeda directed SEC staff on Saturday to review several staff statements concerning cryptocurrency regulation, including letters that warn investors of risks from crypto investing and one that provides detailed guidance for applying the Howey test to digital assets.
▪️The letters, which were compiled with the help of recommendations from the Department of Government Efficiency (DOGE), will be reviewed and “…modified or rescinded consistent with current agency priorities,” Uyeda’s statement said.
Acting Securities and Exchange Commission (SEC) Chair Mark T. Uyeda directed agency staff on Saturday to review several previously issued staff statements regarding cryptocurrency investment and the application of securities laws to digital assets.
The directive, issued in accordance with Executive Order 14192—titled "Unleashing Prosperity Through Deregulation"—follows recommendations from the Department of Government Efficiency (DOGE). Uyeda noted that the staff statements will be examined to determine if they should be "modified or rescinded" to align with the current priorities of the agency.
Among the key documents slated for review, originally published in 2019, provides detailed guidance for assessing whether a digital asset is considered a security under the Howey test, which determines whether an investment involves an expectation of profits based primarily on the efforts of others.
The application of Howey with respect to digital assets is a hotly-debated legal matter, though the SEC has made some recent clarifications, noting that memecoins are largely exempt from securities laws.
Another significant staff statement under review is a 2021 SEC staff statement that strongly advises investors to exercise caution when investing in mutual funds with exposure to the Bitcoin futures market. This statement highlighted the speculative nature of Bitcoin futures, stressing the risk of market manipulation, liquidity constraints, and volatility, particularly for mutual funds.
The SEC had expressed reservations about whether the Bitcoin futures market was sufficiently mature to support exchange-traded funds (ETFs) and other investment products without compromising investor protections, though in the time since the letter, spot Bitcoin and Ethereum ETFs have amassed tens of billions in value.
Uyeda's directive also includes reviewing guidance issued in late 2022 following high-profile cryptocurrency bankruptcies. That guidance urged companies with exposure to crypto markets to transparently disclose potential impacts to investors, highlighting risks related to custody, liquidity, reputational damage, and regulatory scrutiny.
Uyeda also flagged a Risk Alert from February 2021, warning of "unique risks to investors" from digital asset trading, and a 2020 statement from the staff of the Division of Investment Management inviting industry feedback on Wyoming's statement allowing state-chartered trust companies to custody digital assets. Uyeda also directed staff to review two statements regarding COVID-19.
The SEC is currently experiencing a staff "exodus" as hundreds of staffers take buyout offers, Reuters recently reported. More than 600 people have accepted voluntary buyout offers and agreed to leave the SEC, according to the report, more than 12% of the agency's staff. The SEC could not be immediately reached for comment by The Block.
@ Newshounds News™
Source: The Block
~~~~~~~~~
WHAT ARE SEC’S NEW “COVERED STABLECOINS”? TETHER’S USDT MAY NOT QUALIFY!
▪️The SEC clarified that some stablecoins meeting strict criteria may not be securities.
▪️This new guidance is welcomed by some for providing clarity but criticized by others for oversimplifying risks.
▪️Tether is reportedly considering launching a new USD-backed stablecoin to comply with the SEC's guidelines.
In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced new guidance that could significantly impact the stablecoin market. The agency said that certain stablecoins – now called “covered stablecoins” – may not be treated as securities, as long as they follow strict conditions.
The crypto industry has already begun to respond. Tether, one of the largest stablecoin issuers, is reportedly considering changing its strategy to fit within the SEC’s new framework.
“Covered Stablecoins are not marketed as investments; rather, they are marketed as a stable, quick, reliable and accessible means of transferring value, or storing value and not for potential profit or as investments,” the SEC stated.
What Exactly Is a “Covered Stablecoin”?
The SEC explained that covered stablecoins are not offered as investment products. Instead, they’re presented as a stable, fast, and accessible way to send or store money—not something to make a profit from.
To qualify as a covered stablecoin, the token must meet several key requirements:
▪️Be fully backed 1:1 by the U.S. dollar
▪️Be supported by low-risk, highly liquid assets
▪️Be redeemable at full value at any time
These stablecoins must not offer interest, promise profits, give voting rights, or represent any form of ownership. They are meant strictly for use in payments, transfers, or storing value—not as investments.
Since they’re sold as “digital dollars” and not investment opportunities, the SEC says these stablecoins don’t count as securities under U.S. law. This kind of clarity is unusual for the SEC, which often takes a more cautious or enforcement-first approach to crypto.
Mixed Reactions from Experts
David Sacks, a White House crypto advisor, welcomed the update. He said it offers much-needed clarity and reduces regulatory hurdles for dollar-backed stablecoins that are fully supported by safe assets. He also noted that these types of tokens would no longer need to register under the Securities Act.
However, SEC Commissioner Caroline Crenshaw disagreed. She warned that the guidance oversimplifies how stablecoins actually work and overlooks key legal issues. Crenshaw argued that the risks involved are being downplayed, and the update could create confusion about how these tokens function.
Tether Faces New Challenges
The new rules may benefit stablecoins like USDC, but they raise concerns for Tether’s USDT. That’s because the SEC doesn’t allow stablecoins to be backed by assets like cryptocurrency or gold—both of which are included in USDT’s reserves.
According to Forbes reporter Nina Bambysheva, Tether is now exploring the idea of launching a new stablecoin that would fully follow U.S. rules. This new coin would be backed only by cash and U.S. Treasuries, marking a major shift for the company.
Crypto analyst Novacula Occami also noted that Tether’s use of Bitcoin and gold in its reserves could make USDT ineligible for the “covered stablecoin” label. That could expose it to stricter regulations under U.S. securities law.
Tether’s Plan for a U.S.-Compliant Stablecoin
Despite the potential regulatory pressure, Tether doesn’t seem too worried about a possible U.S. ban on USDT. According to CTO Paolo Ardoino, the company is already thinking ahead and preparing to launch a separate U.S.-compliant stablecoin.
Ardoino said USDT will likely remain focused on emerging markets, while the new stablecoin would be designed specifically for the U.S. market and built to comply with American regulations.
Even as the wider crypto market struggles through a difficult first quarter, stablecoins are seeing strong growth. Daily usage continues to rise, and the stablecoin market added over $30 billion in Q1 alone – showing that demand remains high despite broader market uncertainty.
It’s not every day the SEC speaks plainly on crypto – so when it does, the industry listens
@ 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
These Are the 6 Most Common Money Questions
I’m a Financial Influencer: These Are the 6 Most Common Money Questions I’m Asked
Nicole Spector Tue, July 30, 2024 GOBankingRates
With general financial literacy and better financial planning exploding on social media, millions of folks are turning to financial influencers to get their money questions answered without breaking the bank.
What are people the most curious or confused about? What are they reaching out to financial influencers to find out about? And how do financial influencers answer their queries or point them in the right direction?
GOBankingRates spoke with Jeff Sekinger, a financial innovator and entrepreneur, and the CEO and founder of Nurp LLC. Sekinger courts a following of 1.1 million on Instagram.
I’m a Financial Influencer: These Are the 6 Most Common Money Questions I’m Asked
Nicole Spector Tue, July 30, 2024 GOBankingRates
With general financial literacy and better financial planning exploding on social media, millions of folks are turning to financial influencers to get their money questions answered without breaking the bank.
What are people the most curious or confused about? What are they reaching out to financial influencers to find out about? And how do financial influencers answer their queries or point them in the right direction?
GOBankingRates spoke with Jeff Sekinger, a financial innovator and entrepreneur, and the CEO and founder of Nurp LLC. Sekinger courts a following of 1.1 million on Instagram.
These are the six most common money questions he’s asked — along with how he answers them.
Retirement Planning: Whether you're planning for retirement, dealing with a significant life event or simply looking to make smarter financial decisions, a financial advisor can offer the expertise and guidance you need. Here are some compelling reasons why you should consider a financial advisor -- even if you're not wealthy.
‘How Might a Trump Presidency Impact the Economy?’
Sekinger is constantly spammed with burning questions about money. A common one recently revolves around Trump. Specifically, if Trump is re-elected, how would his presidency impact the economy? More specifically, which markets, sectors and companies could benefit?
“A Trump presidency could have significant implications for the economy and markets,” Sekinger said. “Some investors are optimistic that Trump’s policies, like tax cuts and deregulation, could boost the economy and markets. Others are more cautious, citing concerns about Trump’s trade policies and potential geopolitical instability.”
According to Sekinger, companies that could benefit from a Trump presidency are the energy, financial and defense sectors.
“On the other hand, companies in sectors like healthcare and technology might face headwinds,” Sekinger said.
‘What Do I Need To Know To Be A Successful Young Investor?’
Everyone on the path to financial freedom needs to be investing. Investing can be complex, and naturally, people have questions. Commonly Sekinger is asked what you need to know to become a successful young investor.
“As a young investor, time is on your side,” Sekinger said. “Take advantage of compound interest by investing as early as possible, even if it’s just a small amount each month. Consider contributing to a Roth IRA or your employer’s 401(k) plan. Also, educate yourself about investing and avoid getting caught up in get-rich-quick schemes.”
‘How Can I Build Wealth While Managing Student Loan Debt?’
To Read More: https://news.yahoo.com/news/finance/news/m-financial-influencer-6-most-140125604.html
Economist’s “News and Views” Sunday 4-6-2025
Europe Just Slammed the US With Full-Scale Tariff Strike — Crippling Blow to the US Economy
Tech Revolution: 4-6-2025
Have you felt it? That sense that big changes might be coming in how countries trade with each other?
Well, buckle up, because Europe is sending a major signal across the Atlantic Ocean, straight to the United States. The message? If new trade taxes – called tariffs – are coming from America, Europe is getting ready to push back. Hard.
Maybe you remember a few years back? Things got tense. The US put extra taxes on things like steel and aluminum coming from Europe. Europe hit back, taxing famous American products like bourbon and motorcycles.
Europe Just Slammed the US With Full-Scale Tariff Strike — Crippling Blow to the US Economy
Tech Revolution: 4-6-2025
Have you felt it? That sense that big changes might be coming in how countries trade with each other?
Well, buckle up, because Europe is sending a major signal across the Atlantic Ocean, straight to the United States. The message? If new trade taxes – called tariffs – are coming from America, Europe is getting ready to push back. Hard.
Maybe you remember a few years back? Things got tense. The US put extra taxes on things like steel and aluminum coming from Europe. Europe hit back, taxing famous American products like bourbon and motorcycles.
Now, whispers of that happening again are getting louder, especially with talk in the US, often linked to Donald Trump, about bringing back similar, maybe even bigger, trade taxes.
But Europe isn't just sitting back and waiting this time. They're making plans. Why?
What exactly is the US proposing? And why does Europe feel the need to prepare for a fight?
Today, we're breaking it all down in simple terms, so Let's unpack what's really driving these headlines.
Why is Europe so alert? Think of it like this: if you got caught in a bad storm once, the next time you see dark clouds, you prepare, right? That's Europe right now. The last round of US trade taxes hit them hard. European companies making steel, cars, food – they felt the pain. Jobs were affected.
They learned a tough lesson: being unprepared is risky. So, what are the "dark clouds" Europe sees now? Well, very recently, the US government under President Trump announced some huge new trade taxes. News outlets like the Associated Press and Politico are reporting a new 10% tax on almost everything coming into the US from any country.
On top of that, there are even higher taxes aimed at specific countries the US feels it buys too much from. For the European Union (that's the group of 27 European countries acting together), that extra tax is reportedly a steep 20% on all their goods sold to America.
China got hit even harder, reports say. Why the new taxes? President Trump stated it's to deal with an "economic emergency," boost American factories, and stop other countries from, in his words, "ripping off" the US.
He specifically called the EU tough traders who take advantage. Europe's reaction? Immediate and strong. The head of the EU's main governing body, Ursula von der Leyen, basically said things feel chaotic and out of control.
According to Politico, she stated very clearly that the EU is "prepared to respond" to these 20% taxes. And she means business. She mentioned they are already finishing plans to hit back against earlier US taxes on steel, and "are now preparing for further countermeasures" – that means more retaliatory taxes – if talks don't work out.
Think about what that involves: EU officials are likely right now making lists of American products they could put extra taxes on. They're checking the rulebooks to make sure their response is legally solid. And they're making sure all 27 EU countries are on the same page – because acting together is their strength.
Von der Leyen also worried about a side effect: if Chinese goods, for example, get blocked from the US by high taxes, maybe China will try to sell them super cheap in Europe instead. She warned, "We cannot absorb" a flood of cheap goods dumped on their market.
So, Europe is preparing to defend itself on multiple fronts. Other leaders, like Italy's Prime Minister, echoed this, calling the US taxes "wrong" but also stressing the need to try and find an agreement.
75% Market Crash? ‘There’s No Bottom To This’ | Clem Chambers
David Lin: 4-6-2025
Clem Chambers, Founder of ANewFN, discusses what's next for the markets during this period of global turmoil.
0:00 – Intro
1:10 - This hasn’t happened since the 1970s
5:15 - There’s no bottom to this
7:48 - Possibility of war
15:00 - Safest place
17:00 - Dot com crash 2.0?
21:10 - America’s future
30:00 - Gold and the dollar
34:00 - Market bottom
EMERGENCY ALERT: What Happens Monday Will Shock The ENTIRE World! - Peter Schiff
Financial Wisdom: 4-6-2025
0:00 - Introduction: Uncertainty about the Upcoming Week (Black Monday?)
0:32 - Recession Fears and Economic Data
1:01 - Oil Price Collapse and Recession Indicators
1:47 - Gold, Silver, and Bond Yields Reactions
2:01 - The Fed, Interest Rates, and Economic Stimulus
3:01 - Layoffs and Economic Slowdown
4:06 - Impact of Tariffs on Businesses and Prices
5:00 - Global Economic Disruption vs. Recession
5:43 - The End of U.S. Global Economic Dominance
6:02 - Dollar and China's Economic Role
7:07 - Post-War Economic Transition and China’s Shift
9:11 - China’s Ability to Adapt to New Demand
10:11 - Challenges for the U.S. in Building Infrastructure
10:43 - Global Economic Liberation and Trump’s Strategy
11:59 - Opportunities in Foreign Assets and Market Dynamics
12:18 - Tech Stocks and Investment Opportunities
13:01 - Bitcoin and Its Market Behavior
“Bits and Pieces” in Dinarland Sunday 4-6-2025
KTFA:
Clare: Iraq faces economic pressures... US tariffs could be the beginning of upcoming challenges.
4/6/2025
Economic expert Salah Nouri confirmed on Saturday that the government may be forced to revise its general budget estimates in light of emerging economic challenges, particularly with shifts in oil revenues and remittances from the US.
Nouri told Al Furat News Agency that "Iraq will not be directly affected by the new US customs duties on oil exports, as Iraqi oil exports to the United States are not included in these duties."
KTFA:
Clare: Iraq faces economic pressures... US tariffs could be the beginning of upcoming challenges.
4/6/2025
Economic expert Salah Nouri confirmed on Saturday that the government may be forced to revise its general budget estimates in light of emerging economic challenges, particularly with shifts in oil revenues and remittances from the US.
Nouri told Al Furat News Agency that "Iraq will not be directly affected by the new US customs duties on oil exports, as Iraqi oil exports to the United States are not included in these duties."
He explained that "although Iraq imposes customs duties on luxury cars imported from the United States, Baghdad may face future pressure to reduce these duties."
He added, "It is likely that Washington will take certain measures to pressure Iraq in this regard, but these scenarios remain mere expectations at the present time."
From.. Raghad LINK
************
Clare: The Iraqi Oil Ministry completes the project to connect 28,000 tankers to the GPRS system.
4/6/2025
The Oil Products Distribution Company, a subsidiary of the Iraqi Ministry of Oil, announced on Sunday the completion of a project to connect tankers to the GPRS (tank tracking system), after including more than 28,000 government and private tankers in the project.
The company's general manager, Hussein Talib Abboud, said in a statement received by Shafaq News Agency that the project was completed with continuous follow-up from Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, noting that it represents part of a larger project to automate the distribution sector across the country. He explained that the system contributes to electronic and security monitoring of the movement of petroleum products, and significantly reduces smuggling and trafficking operations.
Aboud added that the system is linked to a unified data center that monitors tanker traffic around the clock. This data can be accessed when needed to track the vehicle's route and stops. He noted that the project was implemented in cooperation with the Ministry of Communications/Al Salam General Company.
For his part, the Director of the Inspection Authority, Alaa Adnan, explained that the Authority is continuing to adopt modern technology and applications in its inspection work, noting that the company has begun to reap the benefits of the GPRS system in reducing smuggling and tampering, and ensuring that petroleum products reach their intended beneficiaries. LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The President of the United States of America just put tariffs on Iraq...Did you expect that? We got their currency in our reserves. Seems to me Donald Trump is holding some dinars himself too. Why wouldn't he? I find it interesting that Donald Trump puts tariffs on Iraq...I think it was 39%. But you know what? He didn't put it on their energy. Brilliant. Because the energy is the foundation of the new exchange rate. The oil...Iraq has tariffs on us...78%...Trump wants a fair deal with every country...President Trump wants Iraq to remove [the 78%], then Trump will remove the 39% he just put on Iraq. It will help Iraq come out with a new exchange rate.
MarkZ [via PDK] I do have some Wealth management/redemption contacts working tomorrow. I know a couple will be landing in a redemption area on Tuesday and they hope it’s to work and start 4b exchanges. They are trained to help with tier 4b...There is a lot of hopeful movement out there. Let’s see if they actually get to do something. There is a also a very large US delegation will soon be arriving in Iraq. Roughly around Tuesday... In the banks – they are starting to see rates populate again...rates would fluctuate between $4.05 to $5 on the dinar. Don’t know if that is the real value or a placeholder…but many think that is where the dinar value should be.
*************
Bank Stocks Collapsing; Panic Is Imminent | Michael Oliver
Liberty and Finance: 4-5-2025
Michael Oliver shares his views on the financial markets. He discusses the deflation of the stock market bubble and highlights the growing turmoil within the banking sector.
Michael predicts that the Federal Reserve will soon need to implement more monetary easing to stabilize the economy.
Despite recent pullbacks in precious metals, he remains bullish on gold and silver, particularly silver, which he believes is poised for a strong surge.
His insights suggest that precious metals could be a key area of opportunity as the Fed takes action in the coming months.
INTERVIEW TIMELINE
0:00 Intro
1:30 Stock market sell-off
6:38 Gold & stock market connection
12:24 Gold vs. silver
16:00 Banking sector
18:54 LMBA gold outflow
21:10 Miners
23:20 Shift into gold
24:55 Momentum Structural Analysis
Iraq Economic News and Points to Ponder Late Saturday Evening 4-5-25
Iraq Takes Steps To Protect Its Economy From Trump's Tariffs
Economy | 09:47 - 04/05/2025 Mawazine News – Baghdad The Office Of Prime Minister Mohammed Shia al-Sudani issued several directives on Saturday to protect the country's economy following the tariffs imposed by US President Donald Trump on a large number of countries.
A statement from his office received by Mawazine News stated that "Al-Sudani chaired a meeting today, Saturday, dedicated to examining the economic and commercial impacts of the US government's decision to increase customs tariffs on their imports of goods from countries around the world, and the repercussions of this step on the global economy as a whole, on crude oil prices, and the extent to which the Iraqi economy will be affected in this regard."
Iraq Takes Steps To Protect Its Economy From Trump's Tariffs
Economy | 09:47 - 04/05/2025 Mawazine News – Baghdad The Office Of Prime Minister Mohammed Shia al-Sudani issued several directives on Saturday to protect the country's economy following the tariffs imposed by US President Donald Trump on a large number of countries.
A statement from his office received by Mawazine News stated that "Al-Sudani chaired a meeting today, Saturday, dedicated to examining the economic and commercial impacts of the US government's decision to increase customs tariffs on their imports of goods from countries around the world, and the repercussions of this step on the global economy as a whole, on crude oil prices, and the extent to which the Iraqi economy will be affected in this regard."
According to the statement, "The meeting reviewed the digital data issued by the Ministry of Trade, which reveals that the percentage of the increase in US customs tariffs on Iraqi goods was based on the difference in the trade balance between the two countries, and not because of the customs duties imposed by Iraq on US goods." https://www.mawazin.net/Details.aspx?jimare=260571
Iraq Exports More Than $7 Billion Annually To The United States
Energy Economy News – Baghdad The US Bureau of Commerce revealed that Iraqi exports to the United States amounted to more than $7 billion annually.
The office stated in a statistic that "the value of Iraqi exports of goods to America amounts to an average of 7 billion and 420 million dollars annually," noting that "America imposed a customs tariff on Iraq amounting to 39%."
She added that "the share of Iraqi goods in total US imports from countries around the world is equal to 0.22%," noting that "the value of the trade balance is equal to $5.70 billion."
The trade balance is the difference between the value of goods a country exports and the value of goods it imports. If exports exceed imports, the country has a trade surplus and the trade balance is said to be positive. https://economy-news.net/content.php?id=54104
Resuming Oil Exports From Kurdistan: A Step Toward Additional Resources For The Federal Government
Time: 2025/04/05 Read: 1,770 times {Economic: Al Furat News} Jamal Kocher, a member of the Parliamentary Finance Committee, confirmed today, Saturday, that the invitation of the Federal Ministry of Oil to the Kurdistan Region to meet regarding the resumption of the region’s oil exports represents an important and positive step.
"There is a significant financial resource that has not been fully utilized by the federal government," Kocher told Al Furat News Agency. "Resuming oil exports will boost the country's economic resources."
He added, "The federal government continues to pay the Kurdistan Region's dues, including salaries, noting that oil exports represent an additional source that can be leveraged to support the general budget and strengthen the country's financial situation."
He explained that "this cooperation between the federal government and the Kurdistan Region may contribute to achieving greater economic stability in the future." LINK
Exchange Rates Rise In Baghdad: 148,750 Dinars Per $100
Economy | 11:02 - 04/05/2025 Mawazine News – Baghdad The exchange rate of the US dollar against the Iraqi dinar rose in currency markets in the capital, Baghdad.
The dollar exchange rate on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad
recorded 147,700 dinars for every $100. The selling price at exchange shops in local markets in Baghdad reached 148,750 dinars, while the buying rate reached 146,750 dinars for every $100.
https://www.mawazin.net/Details.aspx?jimare=260559
Gold Prices Decline In Baghdad
Economy | 12:51 - 04/05/2025 Mawazine News – Baghdad Foreign and Iraqi gold prices witnessed a decline in the local markets in the capital, Baghdad.
Gold prices in the wholesale markets on Al-Nahr Street in Baghdad recorded a selling price of one mithqal of 21-karat Gulf, Turkish and European gold at 625,000 dinars, and a purchase price of 621,000 dinars.
The selling price of one mithqal of 21-karat Iraqi gold reached 595,000 dinars, and a purchase price of 591,000 dinars.
As for gold prices in jewelers' shops, the selling price of one mithqal of 21-karat Gulf gold ranges between 625,000 and 635,000 dinars, while the selling price of one mithqal of Iraqi gold ranges between 595,000 and 605,000 dinars. https://www.mawazin.net/Details.aspx?jimare=260568
Jordanian Banks Are Making Huge Profits Despite The Ban On Iraqi Banks
Buratha News Agency1072025-04-04 Huge profits... The financial policy has created financial inflation for Jordanian banks.
Jordanian banks are generating huge profits in Iraq due to a fiscal policy pursued since 2004. Jordanian banks are experiencing greater financial flows than local banks due to Iraqi banks' inability to enter the remittance market or transfer funds. https://burathanews.com/arabic/economic/458417
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Sunday Morning 4-6-25
Seeds of Wisdom RV and Economic Updates Sunday Morning 4-6-25
Good morning Dinar Recaps,
HOUSE ADVANCES STABLECOIN TRANSPARENCY AND ACCOUNTABILITY
The House Financial Services Committee voted on Wednesday to advance the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, also known as the STABLE Act. The legislation received overwhelming support, with a vote tally of 32 in favor and 17 opposed.
Good morning Dinar Recaps,
HOUSE ADVANCES STABLECOIN TRANSPARENCY AND ACCOUNTABILITY
The House Financial Services Committee voted on Wednesday to advance the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, also known as the STABLE Act. The legislation received overwhelming support, with a vote tally of 32 in favor and 17 opposed.
The STABLE Act aims to establish a regulatory framework for dollar-denominated stablecoins, addressing key issues such as reserve requirements and Anti-Money Laundering standards.
@ Newshounds News™
Source: Finance Yahoo
~~~~~~~~~
RIPPLE TO PILOT RLUSD FOR DROUGHT RELIEF IN KENYA
Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya.
The announcement comes just days after Ripple integrated the Ripple USD stablecoin in its payments solution.
Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate donations to pastoralists affected by drought in Kenya, for the initiative.
The partners will leverage blockchain technology to bring financial aid via RLUSD to the targeted communities, Team Ripple noted.
As outlined in a blog post, the pilot is part of Ripple’s broader efforts to expand its impact in cross-border payments, an effort expected to accelerate with the rollout of RLUSD. As with other blockchain-based projects, the use of stablecoins is aimed at improving transparency, settlement speed, and access for the unbanked.
According to Ripple, the pilot program will demonstrate how blockchain and stablecoins can improve the delivery of aid and insurance. The trial will use RLUSD on the Ethereum network.
The RLUSD pool for the program will be open to public contributions, with anyone able to donate by connecting a wallet.
Smart contracts will hold the funds in escrow, and automatically send RLUSD to those impacted by drought. However, this will only go into action once satellite tracking detects drought triggers- with the pilot targeting automated payouts should the system detect drought conditions by May 31, 2025.
If the system determines that pastoralists are likely to face a shortage of vegetation for their livestock, each participant will receive $75 (around 9,600 Kenyan shillings) in RLUSD. Organizers say this amount is sufficient to purchase food and water for one animal for six months.
Roughly 533 pastoralists in Kenya’s Laikipia County are expected to benefit from the aid.
Ripple plans to publish the results of the pilot later this summer. Fund contributors will also have the option to withdraw their RLUSD or allocate it to future campaigns.
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
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
News, Rumors and Opinions Sunday AM 4-6-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 6 April 2025
Compiled Sun. 6 April 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Thurs. 3 April 2025: EBS Activation (allegedly) complete. Worldwide Black Swan. …Steve Bannon on Telegram.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 6 April 2025
Compiled Sun. 6 April 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Thurs. 3 April 2025: EBS Activation (allegedly) complete. Worldwide Black Swan. …Steve Bannon on Telegram.
Tues. 25 March 2025 Mr. Pool: Reports from Reno suggest that the first batches of ZIM holders have been escorted under military guard to classified exchange points. https://t.me/Official_MrPool
On Tues. 25 March at 2am EST Tier 3 and T4a Paymasters were (allegedly) made LIQUID. …Mel on BOOM Call https://youtu.be/VSmR4LfsfYs
Thurs. 27 March 2025 Bruce: Bond Holder Paymasters were saying Bond Holders would have access to their accounts last weekend. As of ten am Thurs. 27 March 12% of Bond Holders had gone through. Multiple sources said Tier4b (Us, The Internet Group) would likely get notification to set appointments very soon. The full revaluation will happen after Tues. 1 April 2025. The month of April will see an increase in Social Security payments. On Thurs. 27 March the 800 number was being loaded into the various systems.
Sat. 5 April 2025 MarkZ: I have some Wealth management/redemption contacts working tomorrow Sun. 6 April. I know a couple will be landing in a redemption area on Tuesday 8 April and they hope it’s to work and start 4b exchanges. They are trained to help with tier 4b. I do have some bond folks that have received some dollars. Not nearly enough have gone yet to release things to us. Not nearly enough large groups and large numbers of people have been completed yet. But money is moving …people have real dollars…..so to me it’s clear things are underway.
~~~~~~~~~~~~~
Sat. 5 April 2025 Operation Freedom Earth: The QFS Satellite System & GCR Revolution Are Here — GESARA Golden Age Incoming! …QFS on Telegram
The Quantum Financial System (QFS) is no longer theory. It’s real, active, and quietly replacing the corrupt global banking model built by the Deepstate. While the masses sleep, the QFS is already running in parallel, capturing illigal transfers, arresting banksters in real time, and preparing the world for a full Global Currency Reset (GCR).
This new financial grid operates on quantum satellite architecture, protected by advanced Secret Space Program tech, and monitored in real time. Every transaction is logged, tracked, and secured by a living AI consciousness — one that cannot be corrupted or hacked.
The SWIFT system is obsolete. Blockchain? Redundant. QFS transactions require gold- or asset-backed currencies, each with a digital certificate tied to a real physical asset, stored in secure vaults. That means no fiat, no manipulation, no speculative games.
Politicians who thought their transfers through SWIFT were untouchable are now discovering QFS has been watching everything. Their digital fingerprints are burned into every wire. That’s why they’re scrambling. That’s why they’re desperate.
The GESARA framework will require every participating country to go compliant — total transparency, asset-backed money, debt forgiveness, and an end to income tax slavery.
No more central banks. No more digital illusions. Only value-backed currency with secured, quantum-clear transfers.
This isn’t about crypto hype or fiat collapse. This is about the total death of the Cabal financial system and the rise of sovereign wealth, protected by quantum law.
QFS is alive. GESARA is coming. The system is already online. And soon, the world will wake up…to a new Golden Age.
Read full post here: https://dinarchronicles.com/2025/04/06/restored-republic-via-a-gcr-update-as-of-april-6-2025/
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man We might not see it today but we will find out specifically that the process to complete this should have been done, could have been done, 6 to 8 years ago. That was the plan but they didn't do it. We know that because they printed currency back then whether they used it or not. They might just burn the money just like they did a lot of money. Or they turned it into pellets. I know it's going to be a medium of exchange. I know it's going to be a digital world and they want to go cashless. But all countries have a form of [physical] exchange so they're probably still going to use some of those new small category notes that we've talked about in the past. But probably not at the level that we thought before.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Maliki's media is going crazy. They're at it again. They're putting in the newspapers that the budget is in doubt. They're saying the oil is at risk. All this gloom and doom for Iraq over the budget. They're trying their best to misinform the Iraqi citizens. FRANK: They just won't stop. Once you steal for a living it is difficult to stop. It's like a person that smokes a cigarette, it's difficult to stop. Why? Because they love it so much.
***************
Stock Market Crashing, Layoffs Surged, and Warning of Depression
Epic Economist: 4-5-2025
The U.S. economy is facing a precarious moment, a situation many are describing as nothing short of “carnage.” Even before the recent unveiling of new tariffs, the economic landscape was showing worrying cracks: layoff announcements were increasing, and stock prices were exhibiting a concerning downward trend.
Now, it appears as though a significant accelerant has been thrown onto the flames.
The introduction of these tariffs has sent tremors of panic through Wall Street. Thursday witnessed a dramatic plunge in the Dow Jones Industrial Average, dropping a staggering 1,679 points.
This marks the most significant single-day decline since the turbulent early days of the CoviD-19 pandemic in 2020. The S&P 500 and the Nasdaq mirrored this performance, both experiencing their most substantial drops since the same period.
The damage isn’t limited to the major indexes. The small-cap Russell 2000 index has now plummeted more than 20% from its peak. This grim milestone officially pushes it into bear market territory, a stark signal of investor pessimism and a potential indicator of further economic decline.
The pervasive sentiment is one of profound concern. The combination of pre-existing economic vulnerabilities coupled with the shock of newly introduced tariffs has created a volatile and unsettling environment.
Whether this is a temporary correction or the beginning of a more prolonged downturn remains to be seen. However, the current situation is undoubtedly alarming, leaving many to wonder what further challenges lie ahead for the U.S. economy. The financial world is watching closely, hoping for a swift and effective response to quell the growing sense of economic unease.
“Tidbits From TNT” Sunday Morning 4-6-2025
TNT:
Tishwash: Iraq awaits a trade delegation from the United States. These issues will be raised at the meeting.
Iraq awaits the visit of a high-level US trade delegation comprising representatives from the US Department of Commerce and a number of major US companies operating across various economic sectors, as part of efforts to strengthen economic and trade relations between the two countries.
The Prime Minister's Advisor for Foreign Relations, Farhad Ala'aldin, indicated that a high-level trade delegation from the United States will visit Iraq this week to strengthen economic and trade relations between the two countries.
TNT:
Tishwash: Iraq awaits a trade delegation from the United States. These issues will be raised at the meeting.
Iraq awaits the visit of a high-level US trade delegation comprising representatives from the US Department of Commerce and a number of major US companies operating across various economic sectors, as part of efforts to strengthen economic and trade relations between the two countries.
The Prime Minister's Advisor for Foreign Relations, Farhad Ala'aldin, indicated that a high-level trade delegation from the United States will visit Iraq this week to strengthen economic and trade relations between the two countries.
Alaa El-Din said, "The visit aims to discuss investment and cooperation opportunities on priority strategic projects in Iraq, strengthen partnerships between the private sectors of the two countries, expand trade exchange, and transfer technical and technological expertise, all in a way that serves Iraq's economic development goals."
According to the Prime Minister's Advisor, the delegation includes representatives from the US Department of Commerce and a number of major US companies operating in the energy, infrastructure, technology, financial services, industry, healthcare, and general trade sectors, as well as representatives from the US Chamber of Commerce.
Alaa El-Din considers the US trade delegation's visit a clear indication of American companies' confidence in Iraq's investment environment, while also representing a practical step toward developing bilateral economic relations.
Alaa El-Din added, "The visit will contribute to opening new horizons for cooperation, especially in sectors that the Iraqi government seeks to develop, such as energy and renewable energy, digital transformation, and banking services."
Alaa Al-Din emphasizes that despite the challenges facing the region, economic relations between Iraq and the United States are based on strategic foundations and mutual interests. He notes that the Iraqi government is working to protect its economic interests and ensure a stable business environment, thus maintaining the smooth flow of cooperation with all international partners, most notably the United States.
On October 27, Iraqi Foreign Minister Fuad Hussein, while chairing the regular meeting of the Higher Coordination Committee for the Strategic Framework Agreement between Baghdad and Washington, emphasized the importance of strengthening relations with the United States and moving towards a solid economic partnership.
Hussein stressed the need not to focus solely on military and security aspects, but rather to expand cooperation to include economic, health, educational, and environmental fields.
Iraqi-American relations are governed by the Strategic Framework Agreement, which Iraq signed with the United States in 2008. Both sides began implementing its provisions in 2009. The agreement includes 11 articles covering diplomatic, political, security, economic, and cultural areas, and stipulates long-term relations between the two countries based on the principle of sovereign equality, rights, and shared interests. link
*************
Tishwash: The budget is awaiting its launch. No political obstacles stand in the way.
MP Salem Ibrahim confirmed, on Saturday (April 5, 2025), that there are no political forces or blocs obstructing the sending of the 2025 general budget tables, expecting that the tables will be sent to Parliament during the next week or the week after, according to current data .
Ibrahim told Baghdad Today, "There is a clear delay in sending the budget tables, amid increasing parliamentary pressure on the government to expedite its referral to the parliamentary finance committee for discussion, in preparation for submitting it to the parliament presidency and then presenting it for reading and voting in accordance with established constitutional procedures."
He explained that "all political forces support the approval of the budget, and there have been no indications of any party seeking to obstruct or disrupt the schedules, given the urgent need for the budget to secure the entitlements of governorates and various social groups, in addition to the financial obligations that depend on its approval ."
Ibrahim warned that "the continued delay in submitting and approving the budget will directly harm project funding and the implementation of financial plans in various governorates," stressing that "approving the budget has become a national option supported by all political parties without exception ."
The MP concluded his statement by saying, "There are no attempts to postpone the schedules until the next parliamentary session. All we are waiting for is the timing of the government's submission ."
The state's general budget is one of the fundamental pillars of financial and economic management in Iraq. The government relies on it to finance development projects, provide services, pay salaries, and fulfill social obligations to various segments of society .
With the adoption of the first three-year budget in 2023, many hoped the delays would be shortened, but the detailed annual schedules still need to be submitted, discussed, and voted on by Parliament .
These statements come at a time of mounting parliamentary and popular pressure on the government to expedite the release of schedules, amid a growing need to activate stalled projects and disburse dues to governorates, employees, and contractors, amid mounting economic and financial challenges link
**************
Tishwash: 95 trillion dinars are held outside the banking system. What is their impact on the economy?
Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Saturday that the widespread use of digital payment systems allows citizens to borrow at lower costs, noting that 95 percent of the country's 109 trillion dinars are held outside the banking system.
"The positive steps towards activating e-commerce are aligned with the government's and the Central Bank's efforts to integrate hoarded funds (cash leakage) into the banking system, which will contribute to strengthening the national economy and achieving financial stability," said Mazhar Mohammed Saleh, an advisor to the Prime Minister.
He pointed out that "the Monetary Authority had previously prepared regulations and registration procedures to obtain a license to practice this trade, in a coordinated manner that contributes to regulating the market and enhancing consumer confidence."
He added, "The government and Central Bank's steps to enhance confidence and activate e-commerce are in line with the launch of digital transformation projects. This has been the case since the Central Bank announced the launch of strategic projects to support digital transformation, including the instant payments project, local cards, and unified payment gateways, all of which aim to enhance financial inclusion and facilitate digital banking operations.
He pointed out that "all measures to address information technology and integrate it into digital payment systems are in line with the country's digital renaissance, the community's financial culture, and the development of monetary behavior in relation to inherited customs, traditions, and cultures. Hoarding money at home instead of depositing it in banks remains a prominent economic challenge in Iraq."
He explained: "Estimates indicate that approximately 87% of the money supply, or approximately 95 trillion dinars out of a total of 109 trillion dinars, is held outside the banking system, preventing a significant portion of the nation's wealth from effectively participating in the economy."
He explained that "the more digital payment systems are used, including e-commerce, the more efficient banking activity becomes and the fewer leakages outside banks. This gives official and licensed banking units the greatest opportunity to extend more credit or lend to citizens at a lower cost and with greater efficiency, thanks to the often lower interest rate."
He noted that "the parallel market for usurers, which deals with funds circulating or hoarded outside the banking system, is a very dangerous, illegal, and costly market for citizens and the national economy in terms of engaging in credit operations or lending at very high usurious interest rates, or what is known as the usurers' market, due to the ambiguity of its operations.
In addition, some of its activities conflict with the Anti-Money Laundering Law due to the lack of transparency in financing and the absence of governance elements, accompanied by trading and recovery risks." link
**************
Mot: .. Summers acoming -- Dads Need to Prepare!!!!
Mot: . Just in Time fer Spring!!!
No Gold At Fort Knox? Exposing The Shocking Truth!
No Gold At Fort Knox? Exposing The Shocking Truth!
As Good as Gold Australia: 4-5-2025
In this exclusive interview, Darryl and Brian Panes from As Good As Gold Australia sit down with the Robin Hood of Wall Street, Greg Mannarino, to discuss key financial trends and what they mean for investors in 2025.
With gold prices soaring by 18% in just the first three months of 2025, we dive deep into the historical data, exploring the years when gold prices spiked by over 30%. Can we expect similar growth this year?
No Gold At Fort Knox? Exposing The Shocking Truth!
As Good as Gold Australia: 4-5-2025
In this exclusive interview, Darryl and Brian Panes from As Good As Gold Australia sit down with the Robin Hood of Wall Street, Greg Mannarino, to discuss key financial trends and what they mean for investors in 2025.
With gold prices soaring by 18% in just the first three months of 2025, we dive deep into the historical data, exploring the years when gold prices spiked by over 30%. Can we expect similar growth this year?
We also discuss the significant shift in Australia's financial landscape, including the parliamentary vote against discontinuing cash as a legal tender and the implications of retaining cash options for future financial freedom.
Is the US experiencing similar concerns, and why is it essential to keep cash in circulation? In an intriguing segment, we explore why major commercial networks in Australia seem reluctant to report on the surging gold price despite its remarkable 18% increase in 2025.
Is there a hidden agenda behind the censorship of gold prices? Could it be that governments or the wealthy elite are trying to suppress the rise of alternative currencies?
The conversation takes a closer look at the three US gold depositories – Fort Knox, the Federal Reserve of New York, and the Federal Reserve in Saint Louis. Why is President Trump’s planned visit to Fort Knox taking so long? Could it be a strategic move to conceal the real state of US gold reserves?
We also delve into the geopolitical landscape with a discussion on President Trump’s stance on the Ukraine War. Having been in office since mid-January 2025, Trump had previously stated he would resolve the war within days.
But is it possible that the situation goes deeper than originally anticipated? Is the defence department playing a role in prolonging the conflict? Could the long-standing history of money printing be linked to the continued escalation of wars?
Finally, Greg Mannarino discusses the Gold to Silver ratio, currently standing at a staggering 90:1. With growing talks of silver price manipulation coming to an end, could we be heading for a much tighter ratio in the near future?
Don’t miss this thought-provoking discussion with Greg Mannarino as he shares his insights into the future of gold, silver, cash, and global finance in 2025!
More News, Rumors and Opinions Saturday PM 4-5-2025
KTFA:
Clare: The Iranian rial falls to a new record low against the dollar.
4/5/2025
The Iranian rial hit a record low against the dollar, trading at 1,043,000, as tensions between Washington and Tehran escalate.
This decline occurred during the Persian New Year, Nowruz, when currency exchanges closed and transactions were limited to informal street trading, placing additional pressure on the market.
KTFA:
Clare: The Iranian rial falls to a new record low against the dollar.
4/5/2025
The Iranian rial hit a record low against the dollar, trading at 1,043,000, as tensions between Washington and Tehran escalate.
This decline occurred during the Persian New Year, Nowruz, when currency exchanges closed and transactions were limited to informal street trading, placing additional pressure on the market.
On Ferdowsi Street in the Iranian capital, Tehran, the heart of the country's currency exchanges, some merchants have closed their electronic signs displaying the current exchange rate amid uncertainty about the extent of the rial's decline, according to the Associated Press.
Iranians seeking safe havens for their savings amid an annual inflation rate of nearly 40% are turning to gold, dollars, and other currencies, threatening further challenges for the rial.
The Iranian currency was trading at around 55,000 rials to the dollar in 2018, when the Trump administration, during his first term, imposed sanctions to force Tehran to negotiate by reducing its oil exports and limiting its access to foreign currency.
The United States has imposed four rounds of sanctions on Iranian oil sales since Trump returned to the White House. LINK
************
Clare: Erbil celebrates the 94th anniversary of the issuance of the first Iraqi currency (photos)
4/5/2025
The Education Museum in Erbil, the capital of the Kurdistan Region, held a special event on Saturday to mark the 94th anniversary of the issuance of the first Iraqi currency, with a large educational and cultural presence.
The ceremony included a display of a wide range of ancient Iraqi coins, documenting the political and economic transformations the country has undergone from the royal era to the present day.
The event featured a rare display of various types of banknotes and coins, including first editions bearing the image of King Faisal I, through decades of changes that accompanied the monarchy and republican systems, and up to the most recent editions.
In an interview with Shafaq News Agency, the director of the educational museum, Omid Al-Barzanji, said, "Today's event is a display of Iraqi currency from the time of King Faisal until the present day."
He added, "This date is very important to us, because professors in the past were very interested in collecting coins and their types to display to students as historical evidence. Why? Because every coin, whether paper or metal, has a special stamp or markings that indicate the historical period in which it was issued and reflect the period in which people lived."
"For this reason, professors have paid attention to it, and today we attach special importance to it on the occasion of the 94th anniversary of the issuance of the first Iraqi currency," Al-Barzanji added.
He continued, "We are displaying these coins so that the new generation can learn that the Iraqi dinar was worth three dollars, or even more, in the past. Compared to the current currency situation, we notice a decline in its value. This display also shows the new generation that Iraq has gone through many circumstances and challenges, and has lived through multiple phases, from the era of the monarchy to the republic, all the way to the present day."
The museum director concluded his remarks by saying, "Every period has a story, and every era has a history, and we showcase this history through Iraqi currency." More pictures at link LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The Government is calling for an urgent meeting to get the budget law agreement into force and now! The government is setting the circumstances straight for all to see her stance on the matter. Not only is the country needing to know where they stand, but investors, companies and all those involved in the matter need to know and quickly...There is an urgency now like never before with what is at stake in the integration into the global financial system.
Frank26 I'm seeing the price of oil go down dramatically. It's bad enough when it was in the $70s. I believe it hit $63...You know what that's going to do to the budget tables? Maybe it's good. Wouldn't that put a little fire under the new exchange rate to come out as quickly as possible?
************
U.S. Gov Just Secretly Ordered Banks To Blow Up The Paper Gold System—COMEX Is Next | Andy Schectman
The U.S. government may have just taken the most shocking step yet—issuing quiet orders to U.S. banks to dismantle the entire paper gold system.
Andy Schectman breaks down the explosive signs pointing to coordinated sabotage of the COMEX, skyrocketing lease rates, delayed deliveries, and the widening gap between spot and futures.
Could this be the final chapter for paper gold? Are we witnessing the beginning of a full-blown vault run?
Discover how this silent financial warfare could change everything about gold, silver, and your wealth.
Iraq Economic News and Points to Ponder Saturday Afternoon 4-5-25
95 Trillion Dinars Are Held Outside The Banking System. What Is Their Impact On The Economy?
Banks Economy News – Baghdad Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Saturday that the widespread use of digital payment systems allows citizens to borrow at lower costs, noting that 95 percent of the country's 109 trillion dinars are held outside the banking system.
"The positive steps towards activating e-commerce are aligned with the government's and the Central Bank's efforts to integrate hoarded funds (cash leakage) into the banking system, which will contribute to strengthening the national economy and achieving financial stability," said Mazhar Mohammed Saleh, an advisor to the Prime Minister.
95 Trillion Dinars Are Held Outside The Banking System. What Is Their Impact On The Economy?
Banks Economy News – Baghdad Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Saturday that the widespread use of digital payment systems allows citizens to borrow at lower costs, noting that 95 percent of the country's 109 trillion dinars are held outside the banking system.
"The positive steps towards activating e-commerce are aligned with the government's and the Central Bank's efforts to integrate hoarded funds (cash leakage) into the banking system, which will contribute to strengthening the national economy and achieving financial stability," said Mazhar Mohammed Saleh, an advisor to the Prime Minister.
He pointed out that "the Monetary Authority had previously prepared regulations and registration procedures to obtain a license to practice this trade, in a coordinated manner that contributes to regulating the market and enhancing consumer confidence."
He added, "The government and Central Bank's steps to enhance confidence and activate e-commerce are in line with the launch of digital transformation projects. This has been the case since the Central Bank announced the launch of strategic projects to support digital transformation, including the instant payments project, local cards, and unified payment gateways, all of which aim to enhance financial inclusion and facilitate digital banking operations."
He pointed out that "all measures to address information technology and integrate it into digital payment systems are in line with the country's digital renaissance, the community's financial culture, and the development of monetary behavior in relation to inherited customs, traditions, and cultures. Hoarding money at home instead of depositing it in banks remains a prominent economic challenge in Iraq."
He explained: "Estimates indicate that approximately 87% of the money supply, or approximately 95 trillion dinars out of a total of 109 trillion dinars, is held outside the banking system, preventing a significant portion of the nation's wealth from effectively participating in the economy."
He explained that "the more digital payment systems are used, including e-commerce, the more efficient banking activity becomes and the fewer leakages outside banks. This gives official and licensed banking units the greatest opportunity to extend more credit or lend to citizens at a lower cost and with greater efficiency, thanks to the often lower interest rate."
He noted that "the parallel market for usurers, which deals with funds circulating or hoarded outside the banking system, is a very dangerous, illegal, and costly market for citizens and the national economy in terms of engaging in credit operations or lending at very high usurious interest rates, or what is known as the usurers' market, due to the ambiguity of its operations. In addition, some of its activities conflict with the Anti-Money Laundering Law due to the lack of transparency in financing and the absence of governance elements, accompanied by trading and recovery risks."
https://economy-news.net/content.php?id=54106
Al-Sudani Directs Four Measures To Address The Impact Of The US Tariff Increase
Money and Business Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani chaired a meeting on Saturday to discuss the economic and commercial implications of the US government's decision to increase customs tariffs. He directed four measures to be taken in accordance with the best interests of the Iraqi economy.
The Prime Minister's media office said in a statement seen by Al-Eqtisad News that "Prime Minister Mohammed Shia al-Sudani chaired a meeting dedicated to examining the economic and commercial impacts of the US government's decision to increase customs duties on their imports of goods from countries around the world, and the repercussions of this step on the global economy as a whole, on crude oil prices, and the extent to which the Iraqi economy will be affected in this regard."
He added, "The meeting reviewed digital data issued by the Ministry of Trade, which reveals that the percentage of US tariff increases on Iraqi goods was based on the difference in the trade balance between the two countries, and not because of customs duties imposed by Iraq on US goods."
He continued, "It has become clear, through Ministry of Commerce data, that the majority of Iraq's imports of American goods are made through markets in other countries, as a result of certain policies pursued by American companies in their commercial dealings with Iraq."
The statement added, "In light of these facts, and in order to ensure the best path for developing the Iraqi economy, Prime Minister Mohammed Shia al-Sudani directed that the necessary measures be taken, in accordance with what the higher interests of the Iraqi economy dictate, as follows:
1- Working to develop mutual trade relations, by opening outlets for American distributors and commercial agencies, activating Iraqi commercial agencies, and direct trade dealings between sectors corresponding to the United States of America.
2- Working to develop banking services between the banking and financial sectors in Iraq and the United States of America, in a manner that ensures the achievement of mutual economic interests.
3- Directing the negotiating team with the American side to review the foundations of the trade relationship with the United States, with the aim of improving it, and ensuring the building of balanced economic and trade relations that guarantee mutual interests between the two parties and develop a positive partnership.
4- The Ministries of Foreign Affairs, Finance, and Trade, along with relevant stakeholders, shall undertake to open a dialogue with the corresponding American sectoral side, ensuring the strengthening of trade relations, monitoring financial markets and economic expertise, and submitting weekly reports to his office. https://economy-news.net/content.php?id=54122
US Confirms That Energy Imports Are Not Subject To Tariffs, And Iraq Considers The Decision Limited.
April 5, 2025
Baghdad - Qusay Munther The Prime Minister's advisor for foreign relations, Farhad Alaaldin, ruled out the inclusion of Iraqi energy exports, including crude oil, in the tariffs imposed by US President Donald Trump, after the White House confirmed that energy imports would be exempt from the decision.
Alaa Al-Din said in a statement yesterday, "In light of the recent announcement by US President Donald Trump regarding the imposition of reciprocal customs duties on a number of countries around the world, we would like to clarify that Iraqi energy exports, including crude oil, are not included in these duties."
He stressed that "Iraq currently exports between 7 and 8 million barrels of crude oil and its derivatives per month to the United States. These exports constitute the mainstay of Iraqi exports and have not been affected by the recent customs measures."
He continued, saying, "The rest of Iraq's exports are limited in size and scope, which means that the economic impact of these duties on Iraq will be very limited."
He pointed out that "the strategic partnership between Iraq and the United States remains solid and strong, and that these measures will not affect the essence of the economic or diplomatic relationship between the two countries." He went on to say that "the two countries continue to work to deepen their cooperation in various sectors, particularly in the areas of energy, investment, and enhancing regional stability."
The White House announced that imports of oil, gas, and refined products will be exempt from the new comprehensive customs duties imposed by Trump.
A White House official explained yesterday that "these measures do not apply to energy imports from Canada or Mexico, which already enjoy exemptions under the United States-Mexico-Canada Free Trade Agreement, nor do they include energy imports from any other country."
Convenient exception
This exemption comes as welcome news to the US oil industry, which had expressed concerns that the new tariffs would disrupt supply flows and increase costs, both for Canadian crude oil that feeds Midwestern refineries and European gasoline and diesel shipments bound for the East Coast.
Trump had announced a 10 percent tariff on all imports to the United States, along with higher tariffs on dozens of major trading partners, deepening the trade war he started after returning to the White House.
Oil Minister Hayan Abdul Ghani also confirmed that the Mahmoudiyah-Bismaya gas pipeline project will meet citizens' electricity needs.
A statement received by Al-Zaman yesterday said that “Prime Minister Mohammed Shia Al-Sudani and his deputy for energy affairs, Minister of Oil Hayan Abdul-Ghani, visited the project to extend the gas pipeline from Mahmoudiya district to Bismayah power station, to view the project’s completion stages.”
The statement added that “Al-Sudani was briefed on the ongoing work on the project to extend the gas pipeline from Mahmoudiya district to Bismayah power station, with a diameter of 42 knots and a capacity of 800 million standard cubic feet per day.”
Abdul-Ghani confirmed that “the project enjoys the government’s support through its field follow-up of the project, which aims to transport dry gas in Mahmoudiya to Bismayah power station, with a length of 43 km and a diameter of 42 knots, and will contribute to meeting citizens’ needs for electricity and ensuring its stability in the country.”
oil projects
Appreciating (the efforts of the Oil Projects Company staff who continue to work day and night to complete the project within a maximum period of 120 days according to the project plan).
For his part, the General Manager of the Oil Projects Company, Ali Ward Hamoud, said that (his company has started implementing the crossings of the 42-knot dry gas pipeline feeding the Bismayah power station, and it is scheduled to be completed within the project’s timeframe).
Al-Sudani directed the removal of all conflicts of the gas pipeline from Mahmoudiyah to Bismayah, stressing the importance of completing the bridge linking the two-story and suspended bridges according to the specified timeframe.
During the visit, Al-Sudani appreciated (the efforts of the workers), stressing (the provision of all administrative and legal requirements to remove obstacles facing the vital project to secure fuel for power stations, praising the commitment of the workers, despite the Eid holiday). LINK
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 4-5-25
Good Afternoon Dinar Recaps,
ILLINOIS LAWMAKER’S CRYPTO BILL AIMS TO TIGHTEN REGULATIONS AND ADDRESS FRAUD
The Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023.
Good Afternoon Dinar Recaps,
ILLINOIS LAWMAKER’S CRYPTO BILL AIMS TO TIGHTEN REGULATIONS AND ADDRESS FRAUD
The Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023.
********************************
Illinois Advances Crypto Consumer Protection Bill
On Thursday, Illinois’ Senate Executive Committee passed Senate Bill 1797 (SB1797), also known as the Digital Assets and Consumer Protection Act, introduced by State Senator Mark Walker in February.
The bill, co-sponsored by State Senators Karina Villa, Rachel Ventura, and Mike Porfirio, aims to “crackdown on more than $163 million lost to cryptocurrency fraud in Illinois in 2023” by tightening the state’s regulations.
If passed, SB1797 would enable the Illinois Department of Financial and Professional Regulation (IDFPR) to oversee the guidelines that crypto companies must adhere to, making it the primary regulatory agency in the state.
“The rise of digital assets has opened the door for financial opportunity, but also for bankruptcy, fraud, and deceptive practices,” the Democratic Senator stated, “We must set standards for those who have evolved in the crypto business to ensure they are credible, honest actors.”
Bitcoin Laws explains that “the legislation aims to provide consumer safeguards while promoting responsible innovation in the digital asset space, with a phased implementation approach allowing businesses until January 2027 to fully comply with all provisions. The bill grants the Department significant oversight and enforcement powers, including the ability to investigate, levy fines, and take action against non-compliant businesses.”
Under the proposed legislation, the IDFPR could adopt rules to protect consumer assets and investors. Moreover, crypto companies must register with the IDFPR, provide disclosures, and prove they can satisfy payouts.
Another provision requires companies to notify consumers of any charges or transfers of their digital assets and to build programs to reduce consumer fraud. After Thursday’s vote, the bill moves to the full Senate.
Illinois’ Strategic Bitcoin Reserve
In January, Illinois joined the Strategic Bitcoin Reserve (SBR) race after State Representative John Cabello introduced House Bill 1844 (HB1844), or Strategic Bitcoin Reserve Act, to integrate Bitcoin (BTC) into the state’s financial framework.
The bill seeks to create a state-owned strategic BTC reserve managed by the Illinois State Treasurer, developing “a special fund in the state treasury” to hold BTC as a financial asset.
***************************************
The legislation would allow the State Treasurer to receive Bitcoin gifts, grants, and donations from Illinois residents and governmental entities for the Fund. Additionally, it stipulates that all BTC deposits into the funds must be held for at least 5 years, starting when the asset enters the State’s custody.
It also mandates biennial reporting of the Fund’s status, detailing the total amount of BTC and its equivalent in USD, the Fund’s growth, and any transaction updates since the previous report.
However, data from the Illinois General Assembly shows that the bill hasn’t advanced in the legislative process since the first reading, waiting to be considered by the House Rules Committee.
@ Newshounds News™
Source: Bitcoinist
~~~~~~~~~
BRICS: CHINA & BRAZIL OFFICIALLY ANNOUNCE TO TRADE IN LOCAL CURRENCIES
BRICS members China and Brazil officially announced to settle payments in local currencies to reduce dependency on the US dollar. This comes after China imposed an additional 34% tariffs on all US goods entering the country in a countermeasure to Trump. Several countries are expressing their displeasure against the US tariffs and finding alternatives to the dollar to safeguard their economies.
In addition, China also announced the restriction of local companies from investing in the US. The move stops the inflow of funds to the US making the markets slow down. The US could lose billions worth of institutional investment from China as a countermeasure to Trump’s tariffs. Read here to know how many sectors in the US will be impacted if BRICS uses local currencies for trade.
BRICS: Brazil & China Will Continue Trading in Local Currencies
Tatiana Rosito, Secretary of the Finance Ministry confirmed that BRICS member Brazil supports the payment settlements in local currencies with Brazil. Rosito stressed that mutual payments between Brazil and China will increase, and simultaneously the reliance on the US dollar will decrease.
“The trade in local currencies is already underway, for example, between (BRICS members) Brazil and China,” said Rosito to Tass. She added that Brazil has no objections to settling cross-border in local currencies with China. “No obstacles exist to that on the side of Brazil,” the official said.
*******************************************
The Secretary explained that settling trade in local currencies would reduce foreign exchange costs and boost their economy. “Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interests for the association’s members,” she said.
She added that the New Development Bank, which aids BRICS with funds in local currencies can transform the alliance. “Opening of this bank reflects the aspiration of BRICS members to proactively participate in transformation of the economic and financial order,” Rosito summed it up.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
GERMANY CONSIDERS REPATRIATING BILLIONS IN GOLD FROM US AMID TARIFF TENSIONS
Germany is weighing the potential withdrawal of approximately 1,200 tons of gold, valued at over €113 billion ($124.41B), from the U.S. Federal Reserve in New York amid escalating trade tensions triggered by Trump’s tariffs on the European Union, according to recent reports and political statements.
Trade Strains Prompt Germany to Reevaluate 1,200-Ton Gold Stash in U.S.
Germany, which holds the world’s second-largest gold reserves at 3,352 tons, stores 30-37% of its bullion in New York, a Cold War-era practice designed to ensure dollar liquidity during crises. The remainder is split between Frankfurt (50%) and London (13%).
Discussions about repatriating the U.S.-held gold intensified following President Donald Trump’s imposition of sweeping tariffs, including a 10% levy on EU imports, which German lawmakers argue undermines trust in bilateral agreements.
Political figures, including CDU members Marco Wanderwitz and Markus Ferber, have demanded increased oversight or full repatriation, citing fears the U.S. could restrict access during economic disputes.
The European Taxpayers’ Association echoed concerns, stressing the need for “immediate access” to gold amid discussions of new EU debt instruments. However, the Bundesbank has publicly reaffirmed confidence in the Federal Reserve, with President Joachim Nagel calling the Fed a “trustworthy and reliable partner.”
This debate mirrors Germany’s 2013-2017 repatriation effort, which saw 674 tons moved from New York and Paris to Frankfurt after public pressure and logistical challenges. Only five tons were initially returned in 2013 due to delays, highlighting the complexity of large-scale transfers.
**********************************************
Economically, the tariffs threaten to reduce Germany’s GDP growth by 1.5 percentage points by 2027, per Bundesbank projections. Meanwhile, gold prices have surged to record highs above $3,100 per ounce, driven by market uncertainty. Analysts suggest holding reserves domestically could provide liquidity safeguards if trade disputes escalate.
Globally, 68% of central banks now prioritize domestic gold storage, up from 50% in 2020, according to a 2023 World Gold Council survey. This trend, accelerated by U.S. sanctions on Russia and other nations, highlights a broader shift toward financial sovereignty.
The United States boasts the world’s largest gold reserves at 8,133 tons, a staggering figure representing more than three-quarters of its foreign reserves. Trailing behind Germany, Italy claims the third spot with 2,452 tons, predominantly safeguarded within the Bank of Italy’s vaults and select international depositories.
As of April 2025, no final decision has been made, leaving Germany’s gold strategy suspended between political urgency and institutional caution. The outcome could redefine how nations balance economic security with international partnerships in an era of rising protectionism.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
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
