Iraq Economic News And Points To Ponder Monday Evening 5-12-25

Prime Minister: The International Monetary Fund Is A Key Partner In Strengthening Iraq's Economy And Stabilizing It

Economy | 08:46 - 12/05/2025   Mawazine News - Baghdad -  Prime Minister Mohammed Shia Al-Sudani received on Monday the Head of the International Monetary Fund (IMF) Mission to Iraq, Jean-Guillaume Poulin, and the Fund's Resident Representative in Iraq, Mohammed Jaber.

According to a statement from his media office received by Mawazine News, Al-Sudani praised the IMF's efforts in supporting Iraq and its financial and monetary institutions, thus restoring their vital role at the local and international levels, especially since the Fund is a key partner in Iraq's efforts to reform the economy and enhance its stability.

He stressed that the government's achievements in the financial, banking and economic fields represent positive steps towards achieving stability and sustainable development in the country.

He pointed out the importance of continued support from international partners for the government in intensifying efforts to mitigate the impact of the challenges facing the region, thus facilitating the implementation of steps aimed at diversifying and sustaining the economy, through the investment environment it has provided that has attracted major development projects.

For his part, Polan praised the "significant progress made by the Iraqi government in economic reform, through the development of the tax and customs systems."

He expressed the IMF's readiness to increase coordination and joint action, and to provide the necessary advice on enhancing non-oil revenues.   https://www.mawazin.net/Details.aspx?jimare=261358

Rafidain Bank: The "Riyada" Initiative Is A Development Tool For Transforming The Iraqi Economy.

A wish | 09:25 - 12/05/2025   Mawazine News - Baghdad -  Rafidain Bank confirmed on Monday that the Riyada initiative represented a development tool for changing the structure of the Iraqi economy and transformed young people from job seekers to opportunity creators.

While noting that the first phase of the initiative financed more than 8,000 small projects, he noted that the second phase will finance more than 10,000 new projects.

Rafidain Bank Director Ali Karim Al-Fatlawi said in a statement to the official agency, followed by Mawazine News, that "the Riyada initiative launched by the bank represents a qualitative shift in the role of banking institutions," indicating that "it is no longer limited to providing financing, but has become a development tool for changing the structure of the Iraqi economy and empowering youth."

He added, "The initiative is not merely financing small projects, but rather a new economic future written by the youth of Iraq," noting that "the state is no longer the largest employer alone, but has become an enabler and motivator of the private sector, especially graduates and entrepreneurs."

He continued, "The first phase of the initiative resulted in financing more than 8,000 small projects, each of which provided between two and five direct job opportunities, reflecting a real shift in the role of youth from job seekers to opportunity creators.

" He noted that "the bank has allocated sufficient resources for the second phase and is preparing to finance more than 10,000 new projects in cooperation with relevant authorities."

He stated that "Rafidain Bank is today adopting an integrated development role, not just a traditional banking role," explaining that "financing has become a means to build small production units that support the market and break the cycle of unemployment."

He pointed out that "the most prominent challenges facing the implementation of the initiative are the need for institutional integration," calling on the Central Bank and all national institutions to "actively engage in supporting the Riyada initiative by allocating concessionary financing windows, launching a national fund to guarantee loans for entrepreneurs, and integrating the initiative into the upcoming financial inclusion strategy."    https://www.mawazin.net/Details.aspx?jimare=261361

A Delegation Of 46 Iraqi Businessmen Participates In The US Investment Summit To Enhance Economic Cooperation

The US Embassy in Baghdad announced on Sunday that a delegation of 46 business leaders from across Iraq, including the Kurdistan Region, will travel to the United States to participate in the annual SelectUSA Investment Summit, scheduled to be held in Washington, D.C., from May 11 to 14.

The embassy explained in a statement that the delegation represents a wide range of economic sectors, including technology, cybersecurity, tourism, hospitality, food and beverage, franchises, agriculture, construction, investment, pharmaceuticals, real estate, and oil and gas, reflecting the diversity of cooperation and investment opportunities between the two countries.

The SelectUSA Summit, organized by the US Department of Commerce, is the largest event dedicated to promoting foreign direct investment in the United States, bringing together international investors with representatives of state and local governments, along with government officials, with the goal of facilitating investment entry into the US market.

The embassy explained that this participation is part of a series of important economic visits that have strengthened bilateral relations, noting the visit of a delegation from the US International Development Finance Corporation to Baghdad in May, in addition to the participation of more than 100 businessmen and companies from the American-Iraqi Chamber of Commerce in a business forum held in Baghdad last April.

The embassy emphasized that these efforts aim to support Iraqi businessmen in exploring growth and investment opportunities within the United States and strengthening the economic partnership between the two countries.  https://www.radionawa.com/all-detail.aspx?jimare=41825

While Chairing The Economic And Social Council Meeting, Iraq Calls For The Formation Of An Arab Economic Bloc

Monday, May 12, 2025 3:35 PM | Economic Number of reads: 255  Baghdad / NINA / Iraq called, during the meeting of the Economic and Social Council, for the formation of an Arab economic bloc.

Director General of the Department of Foreign Economic Relations at the Ministry of Trade, and member of the presidency of the current session of the Arab Development Summit, Riyadh Fakher Al-Hashemi, said in a speech during the meeting of the Economic and Social Council at the level of senior officials, according to the official agency:

"Our meeting is not just an entitlement, but rather a sincere Arab platform to translate aspirations into action, and to address development challenges through constructive dialogue, genuine cooperation, and common will."

Al-Hashemi added: "Our Arab reality today requires us to take a serious stance and clear positions in order to chart applicable development paths capable of creating job opportunities and achieving social justice. Today, we are called upon to go beyond traditional frameworks and move towards strategic projects that move towards a truly integrated economy, effective social cooperation, and joint investment."

He continued: "The Arab economic bloc is not only important, but it is a historic entitlement, if we invest in the available elements of human and natural resources, as we are working today to formulate an agenda rich in issues, which represents a priority in the Arab development process, and lays the foundation for qualitative outcomes." /https://ninanews.com/Website/News/Details?key=1226423

The Dollar Rises Again By 144,000 Against The Iraqi Dinar.

Economy | 10:38 - 12/05/2025  Mawazine News – Baghdad  Mawazine News publishes today, Monday, the exchange rates of the dollar against the Iraqi dinar in local markets.  - Selling 143,750 dinars for $100.   Purchase 141,750 dinars for $100.  https://www.mawazin.net/Details.aspx?jimare=261303

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

Seeds of Wisdom RV and Economic Updates Monday Evening 5-12-25

Good Afternoon Dinar Recaps,

US HOUSE PASSES CONTROVERSIAL STABLECOIN BILL BACKED BY TRUMP, DIVIDES DEMOCRATS

▪️The House passed the Stablecoin Innovation and Protection Act of 2025 late Thursday.

▪️The bill, supported by President Trump, aims to create a federal framework for stablecoin issuance while preserving state-level oversight.

▪️Democrats remain split over the bill’s impact on consumer protections, foreign issuers, and financial surveillance.

The U.S. House of Representatives has passed the Stablecoin Innovation and Protection Act of 2025, a landmark piece of crypto legislation backed by President Donald Trump. The legislation, which passed with significant Republican support, proposes a federal framework for stablecoin issuance and sets broad new guidelines for how both private and public entities may issue and manage digital dollar-pegged tokens.

While the bill preserves some roles for state regulators—allowing entities like Wyoming’s digital asset office to license issuers—it also gives the U.S. Treasury, Federal Reserve, and SEC more say in oversight, compliance, and financial stability risks.

President Trump called the passage a "historic win for American financial innovation", noting that the bill will help the United States "compete with foreign stablecoins and preserve dollar dominance."

Still, Democrats remain deeply divided. Some, including Rep. Richie Torres (D-NY), backed the legislation, arguing that clear rules would help weed out bad actors and prevent future Terra-style collapses.

Others, including Rep. Maxine Waters (D-CA), warned that the bill "guts core consumer protections" and would "allow foreign and unvetted entities to flood the market with opaque dollar tokens."

The bill contains provisions that bar federal agencies from banning privacy-preserving technologies in stablecoin wallets but allows the Treasury to block specific transactions or protocols if national security risks are found. The move was seen as a concession to civil liberties groups and more libertarian-leaning Republicans.

Additionally, the bill defines what constitutes a “payment stablecoin” and allows registered institutions—like banks or licensed money services businesses—to issue them, provided they maintain 1:1 reserves in highly liquid assets such as dollars, Treasury bills, or central bank reserves.

However, it’s the international implications that may be most contentious. The bill would allow U.S.-licensed foreign firms to issue stablecoins within the U.S. market, so long as they report to U.S. regulators and pass quarterly audits. That move drew criticism from some lawmakers who fear it will benefit firms tied to adversarial governments.

Rep. Katie Porter (D-CA), who voted against the bill, said: "We are green-lighting a digital dollar shadow economy before we’ve even set the rules of the road."

The bill now heads to the Senate, where its prospects remain uncertain. Senate Banking Chair Sherrod Brown (D-OH) has yet to endorse the bill and is said to be drafting a competing version with tighter controls on foreign issuers and stricter anti-money laundering requirements.

For now, the House victory gives Trump a significant policy win as crypto continues to be a major wedge issue ahead of the 2026 midterm elections.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

GDP OF BRICS COUNTRIES OUTPERFORMS GLOBAL AVERAGE, US DISTANTLY BEHIND

The GDP of BRICS countries has outperformed market expectations and is exceeding the global average in 2025, according to the World Economic Outlook report published by the International Monetary Fund (IMF). The US, on the other hand, is distantly behind as its economy is growing in a limited manner this year.

In 2025, BRICS countries—Brazil, Russia, India, China, and South Africa—saw a combined growth of 3.4%, which exceeded expectations. The current consensus forecast predicts the GDP growth of the US at only 1.4% in 2025. The US economy is lagging behind this year with minimal growth, and the tariffs are threatening what little is left.

Below is the list of BRICS countries’ GDP projections for 2025:

• Ethiopia (6.6%)

• India (6.2%)

• Indonesia (4.7%)

• United Arab Emirates (4%)

• China (4%)

• South Africa (3.4%)

• Brazil (2.3%)

BRICS GDP Shines in 2025, US Economy On the Razor’s Edge

The latest data from the IMF also shows that BRICS accounts for 40% of the global GDP in 2025. That’s massive, as they already cover nearly half of the world’s economy. Their Purchasing Power Parity (PPP) is projected to reach 41% this year, signifying that the alliance is growing rapidly.

“There is no way that BRICS is not relevant, given the size of its population (and GDP in 2025). And there are also countries that are key in the supply of commodities, such as Brazil and Russia, which supply energy, food, and even very important strategic minerals,” said Rodrigo Cezar, Professor of International Relations at the Getulio Vargas Foundation (FGV) and a specialist in international political economy.

“So the BRICS countries are going to be very relevant in terms of dictating or giving direction to the prices of these materials,” leaving the US economy under its mercy, explained Cezar.

BRICS GDP could pressurize the markets in 2025, leading to it dominating the prices of the commodity markets this year.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Iraq and Iran” News posted by Clare at KTFA 5-12-2025

KTFA:

Clare:  Iraq on Trump's agenda during his Middle East tour

5/12/2025

 US President Donald Trump is embarking on a tour of the Middle East, including Saudi Arabia, the UAE, and Qatar. This visit is described as crucial given the profound changes taking place in the region .

The Saudi capital, Riyadh, is hosting the summit that will bring together Trump and the leaders of the Gulf Cooperation Council countries .

According to the White House, the visit's agenda will focus on enhancing investment and security cooperation, in addition to discussing hot regional issues. Specific agreements are expected to be signed, establishing a new phase of strategic partnership between the United States and the Gulf states .

The changes include events in Gaza, Lebanon, and regime change in Syria, in addition to relations between Iran and the United States, and Israeli attacks .

Regarding the situation in Iraq, despite the entry of pro-Iranian factions into the conflict, US pressure has forced these factions to surrender their weapons to the state, with Tehran's blessing, according to media reports .

Trump's upcoming visit is an opportunity to redefine America's role in the region and define Washington's interests in light of a new reality characterized by shifting alliances and balances of power .

Amidst the Gaza conflict and the changing maps of Syria, Lebanon, and Iraq, Trump is visiting the region carrying a new vision for American engagement in the Middle East .   LINK

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

Clare:  Japanese Mazda launches in Iraq with a new look

5/11/2025

Al-Aroush Cars Company announced the signing of an official distribution agreement with the Japanese company Mazda, making it the exclusive distributor of Mazda vehicles in Iraq. The signing took place in Hiroshima City in the presence of Al-Aroush CEO, Sabah Abdul Latif Al-Salem, and Mazda's Global Sales Manager, Manabu Osoga.

Under the agreement, Al-Aroush will provide Mazda vehicles manufactured in Japan, known for their performance and design, while adapting them to the needs of the Middle East market.

The plan begins with the launch of two centers for sales, after-sales services, and spare parts in Baghdad and Sulaymaniyah, with additional centers to be opened later in Erbil and Basra. The company also aims to support existing Mazda owners in Iraq through a network of genuine service, maintenance, and spare parts.    LINK

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

Clare:  "Quantum leap"... Iraqi ports receive 207 oil tankers during the first quarter of 2025.

5/12/2025

The General Company for Iraqi Ports announced on Monday that Khor Al-Zubair oil port received 207 oil tankers during the first quarter of 2025.

The company's general manager, Farhan Al-Fartousi, told Shafaq News Agency, "Khor Al-Zubair Oil Port has been able to provide marine services, including docking, launching, loading, unloading, and fuel loading for incoming ships."

He added that "the oil tankers received all logistical services within the port under the supervision of maritime control, with high efficiency," noting that "this performance reflects the development of the port's infrastructure and the efforts of its workforce."

Last February, the Director General of Iraqi Ports, Farhan Al-Fartousi, revealed an "unprecedented" achievement in Iraq's history: the International Maritime Organization's   LINK

Clare:  Al-Sudani appreciates the International Monetary Fund's efforts in supporting Iraq and its financial and monetary institutions.

5/12/2025- Baghdad

Prime Minister Mohammed Shia al-Sudani on Monday commended the International Monetary Fund's efforts in supporting Iraq and its financial and monetary institutions, reviving their vital role domestically and internationally.

The Prime Minister's Media Office said in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia al-Sudani received the head of the International Monetary Fund's mission to Iraq, Jean-Guillaume Poulin, and the Fund's Resident Representative in Iraq, Mohammed Jaber."

The statement added, "Al-Sudani appreciated the efforts of the International Monetary Fund in supporting Iraq and its financial and monetary institutions, thus restoring their vital role at the local and international levels, especially since the Fund is a key partner in Iraq's efforts to reform the economy and enhance its stability." He stressed that "the achievements made by the government in the financial, banking and economic fields represent positive steps towards achieving stability and sustainable development in the country."

According to the statement, Al-Sudani pointed to "the importance of continued support from international partners for the government in intensifying efforts to mitigate the impact of the challenges facing the region, thus facilitating the implementation of steps aimed at diversifying and sustaining the economy, through the investment environment it has provided that has attracted major development projects."

For his part, Polan commended the significant progress made by the Iraqi government in economic reform, including the development of the tax and customs system. He expressed the IMF's readiness to increase coordination and joint action, and to provide the necessary advice in areas of enhancing non-oil revenues.    LINK

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

Clare:  Rafidain launches the second phase of "Riyada" with national funding and a new economic vision.

5/12/2025

Rafidain Bank announced, today, Monday, the launch of the second phase of financing the “Riyada” initiative projects, after the success of the first phase, which witnessed the financing of more than (8,000) productive projects at the individual level, with a total amount exceeding (107) billion Iraqi dinars, which constituted a real boost to the path of self-employment and stimulating the local economy.

Rafidain Bank's General Manager, Ali Karim Al-Fatlawi, confirmed in a statement received by {Euphrates News} that "the bank no longer views financing as merely a traditional banking service, but rather treats it as a strategic development tool with a national focus, aiming to support youth, stimulate local markets, and establish new foundations for a productive economy free from rent-seeking and random employment." 

He added, "The bank has allocated sufficient funds to finance new projects submitted through Riyada, after completing the technical, legal, and economic feasibility assessment requirements. He emphasized that Rafidain Bank is gradually transforming into the largest national platform supporting entrepreneurship and local production."

For his part, Hussein Flamarz, Advisor to the Prime Minister, pointed out that “the projects ready for financing exceed (10,000) projects, appreciating Rafidain Bank’s exceptional response to the initiative, and its close cooperation with the global smart card company (Ki Card) in facilitating procedures and reaching beneficiaries.” 

In this context, the Director General of Rafidain Bank renews his call to all national institutions, foremost among them the Central Bank of Iraq, to ​​actively engage in this national initiative by:

 • Allocating easy financing windows for emerging projects,

 • Launching a national fund to guarantee entrepreneurs’ loans,

 • Integrating the “Riyada” initiative into the upcoming financial inclusion strategy.   LINK

Clare:  Central Bank of Iran: Removing four zeros from the national currency is at the heart of the action plan for this year.

5/12/2025

The Governor of the Central Bank of Iran, Mohammad Reza Farzin, announced that removing four zeros from the national currency is one of the bank's priorities this year.

Mehr News Agency reported that during a specialized session on "Strengthening Monetary and Banking Governance and Investment in Production," Farzin noted that the Central Bank is seriously pursuing the country's monetary system reform program this year, explaining that removing four zeros from the national currency is one of the key measures included in the action plan.

Farzin added that the policy of controlling the growth of banks' balance sheets will continue, with the aim of curbing inflation and increasing liquidity. He emphasized that removing the four zeros from the national currency is part of the monetary system reform program, which is being seriously pursued.

The Central Bank Governor also noted that developing and issuing various types of monetary policy instruments, including deposit paper and inflation-protected securities, is among the bank's major objectives. He also emphasized that a special production account will be established to support the economy's productive sectors in a targeted manner.   LINK

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

Clare:  Iran announces imminent visit of Russian president to Tehran

5/12/2025   Baghdad /  

The Iranian government announced, on Monday, that it is preparing to receive Russian President Vladimir Putin during an upcoming visit to Tehran, within the context of deepening strategic cooperation between the two countries.

Government spokeswoman Fatima Mohajerani said in a press conference, "Iran is awaiting President Putin's visit soon, and is currently working to complete the arrangements related to receiving the high-level Russian delegation."

This visit comes in light of rapid regional and international transformations, and growing coordination between Tehran and Moscow on political, security and economic issues.

Iranian President Masoud Pezeshkian visited Moscow in mid-January, where he met his Russian counterpart and oversaw the signing of the "Comprehensive Strategic Partnership Agreement" between the two countries, which Putin officially ratified on April 21.  LINK

Iraq Economic News And Points To Ponder Monday Afternoon 5-12-25

46 Prominent Iraqi Businessmen And Traders Travel To America.
 
Baghdad Today – Baghdad  The U.S. Embassy in Baghdad announced today, Sunday, May 11, 2025, that it will lead a delegation of 46 Iraqi business leaders, including representatives from the Kurdistan Region of Iraq, to ​​the United States to participate in the annual SelectUSA Investment Summit.
 
The US Embassy noted in a statement received by Baghdad Today that
the summit will be held in the Washington, D.C., area from May 11th to 14th.  

She noted that "the delegation includes diverse economic sectors, including technology, cybersecurity, tourism and hospitality, food and beverage industries, franchises, agriculture, construction, investment, pharmaceutical industries, real estate, and the oil and gas sector.
 
This diversity highlights the broad opportunities for cooperation and joint investment between the United States and Iraq."
 
The SelectUSA Summit is the largest event of its kind aimed at encouraging foreign direct investment in the United States.
 
The summit attracts international investors, representatives from state and local governments, and
government officials, with the goal of facilitating the flow of investment into the US economy.
 
The summit is organized by the US Department of Commerce, which provides essential information and services to help foreign investors understand and complete investment procedures in the United States.
 
The goal is to enable Iraqi companies to identify investment opportunities in the United States and grow their businesses, according to the statement.

He explained that "this visit comes within the context of a series of important visits aimed at strengthening economic relations between Iraq and the United States in various sectors."
 
It's worth noting that a delegation from the US International Development Finance Corporation visited Baghdad this May, and in April, more than 100 businessmen and companies affiliated with the American-Iraqi Chamber of Commerce participated in a business forum held in Baghdad.        https://baghdadtoday.news/274002-46.html 

Ministry Of Oil: Iraq Is Floating On A Large And Inexhaustible Oil And Gas Reservoir.

Time: 2025/05/11 08:15:30 Reading: 3,030 times   {Economic: Al Furat News} The Ministry of Oil reported that Iraq is floating on a large oil and gas reservoir from north to south, and work is ongoing to reach new discoveries.

Osama Raouf Hussein, the director general of the Ministry of Oil Exploration's company, said in a press statement that "Iraq's reserves are large and are what raises its ranking in the Organization of the Petroleum Exporting Countries (OPEC)," noting that "Iraq is floating on a large oil and gas reservoir from north to south, and it will not be depleted from now on and for a very long time."

He added, "The Oil Exploration Company is a pioneer in the field of seismic surveys and is the sole exploration arm of the Ministry of Oil. 8

With the help of its seismic teams spread throughout Iraq, it has been able to carry out seismic surveys for international companies. It signed a contract with the Chinese company Geo-Jade to carry out a two- and three-dimensional seismic survey of the Khana oil patch in Diyala Governorate.

This contract was implemented with purely national efforts and with modern capabilities, potential and technology that rivals what exists in the world. It was implemented in record time and with a 100 percent completion rate.

In addition, a contract was signed with the Angolan company Sonangol to carry out three-dimensional surveys of the Qayyarah field in Nineveh Governorate, which was completed 100 percent. The Oil Exploration Company received certificates of appreciation and praise from both companies for the information, accuracy and speed of completion."

Hussein explained that, "Despite the limited and scarce financial capabilities, the company was able to carry out 15 two-dimensional seismic surveys at the national level, with completion rates of 102.4 percent, in addition to four three-dimensional surveys with a completion rate of 116 percent."

He stressed that "the Oil Exploration Company is currently using the most modern surveys in the world, and is in the process of introducing wireless technology, which is characterized by flexibility, ease of use, and saving time, effort, and cost."

The Director General of the Oil Exploration Company indicated that "it was able to achieve revenues estimated at 230 billion dinars during the past year, in addition to achieving revenues through the VSP vertical survey team estimated at 114 thousand dollars by signing a contract with the American company (Halliburton), in addition to contracts with (Anton Oil) in the Al-Faiha field, and (EBS) in the East Baghdad field."

He explained that "the Oil Exploration Company was supposed to receive an operating budget estimated at 200 billion dinars, of which the company received only 10 percent," noting that "the company was threatened with ceasing operations had it not signed some contracts through which it was able to achieve high revenues."

Hussein continued, "The mission of the Oil Exploration Company is to enhance hydrocarbon reserves and replenish depleted reserves. This is achieved through exploration of hydrocarbon reservoirs and assessment of their reserves, through geological and geophysical exploration studies, and identifying the locations of exploratory wells. When they are drilled and produce oil or gas, this means they have added to Iraq's reserves and replenished depleted reserves through local consumption and export outside Iraq."  LINK

Iraq Was The Third Largest Oil Exporter To The US Last Week.

Energy  Economy News – Baghdad   Iraq ranked third as the largest oil supplier to the United States last week.   The US Energy Information Administration reported that US crude oil imports from ten major countries averaged 5.269 million barrels per day last week, up 176,000 barrels per day from the previous week's average of 5.093 million barrels per day.

The administration added that "Iraq's oil exports to the United States reached an average of 229,000 barrels per day, making Iraq the third-largest oil exporter to the United States last week."

She continued, "The largest oil revenues to America during the past week came from Canada, at a rate of 3.834 million barrels per day, followed by Mexico at a rate of 384,000 barrels per day, then Iraq at a rate of 229,000 barrels per day, then Colombia at a rate of 164,000 barrels per day, and then Saudi Arabia at a rate of 160,000 barrels per day."

She explained that "the amount of US crude oil imports from Ecuador reached an average of 156,000 barrels per day, from Venezuela an average of 144,000 barrels per day, from Brazil an average of 86,000 barrels per day, from Nigeria an average of 83,000 barrels per day, and from Libya an average of 29,000 barrels per day."   https://economy-news.net/content.php?id=55332

Customs Automation Increases Government Revenues To More Than 59 Billion Dinars.

May 11, 2025  Baghdad - Ibtihal Al-Arabi   Finance Minister Taif Sami revealed a quantum leap in customs revenues, exceeding 59 billion dinars, following the implementation of the ASYCUDA customs automation system at several border crossings.

Sami said in a statement yesterday that (customs revenues before implementing the ASYCUDA system amounted to 375 billion dinars, while after implementation it increased to 435 billion dinars, an increase of 59 billion dinars), and indicated that (the General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including the air cargo customs, the dry port, the Baghdad International Airport terminal, the Great Welcome Square customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, and the ports of Zurbatiyah, Al-Mundhiriya, Mandali, Al-Shaib, and Al-Shalamcheh).

She indicated that (the Authority has currently begun implementing the second phase of the system, which extends over two years, and includes its implementation in 8 remaining customs centers, in addition to linking 12 electronic applications to the system, including land transport clearance, the smart value and selectivity system, and the exemptions, licenses, and certificates system, which will enable the system to be linked with all ministries).

Meanwhile, the Border Ports Authority has compiled a list of all violations detected during the month of April.

In a statement received by Al-Zaman yesterday, Authority spokesman Alaa al-Din al-Qaisi said, "Based on the directives and follow-up of Prime Minister Mohammed Shia al-Sudani, the Authority detected violations that fell under several headings."

Customs Violations

He stressed that "the total number of customs cases referred from our ports to the judiciary amounted to 119 cases for customs violations, while 131 suspects wanted by judicial warrants were arrested."

He confirmed that (attempts to smuggle money were thwarted, with 6 seizures), and went on to (seize narcotic substances and arrest their possessors, as 26 drug smuggling attempts were thwarted, as well as deport 155 people violating residency conditions, in addition to a number of joint activities with departments operating at border crossings, most notably with the General Authority of Customs, where the number reached 13 cases, including the destruction of materials unfit for human consumption, and the re-issuance of goods that failed inspection).

He continued that (all violations were subject to the necessary legal measures, and were referred to the judicial authorities according to proper seizure reports), pointing out that (all measures come from the implementation of government directives to tighten and control border crossings, and the Authority continues to follow up on all violations and work to control and reduce their occurrence).

 Meanwhile, the Trade Bank of Iraq warned citizens of the risks of sharing their electronic payment card information.

The bank's media advisor, Aqil Al-Shuwaili, said in a statement yesterday that "the bank urges customers not to share their card numbers or confidential information, such as the PIN, verification code, or any other details, with any party."

Official Channels

He pointed out that "there are electronic fraud attempts targeting cardholders through fake messages claiming to be from the bank," calling on everyone to "exercise caution and report any suspicious attempt immediately through the bank's official channels." He went on to say that "the bank continues to take all necessary security measures to protect customer data and ensure the integrity of their financial transactions."    LINK

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

Why We Can Forget About “Drill Baby Drill” (Podcast)

Why We Can Forget About “Drill Baby Drill” (Podcast)

Notes From the Field By James Hickman (Simon Black)  May 7, 2025

Travis Stice is not one of those rare corporate CEOs who is a household name around the world... like Warren Buffett. But the two share a similar ethos. 

Buffett famously quipped, “Be fearful when others are greedy, and greedy when others are fearful,” which was ultimately a nod to the cyclical nature of markets and the economy. 

As surely as night follows day, and autumn/winter follow summer, bad times follow good... and then good times follow bad. 

Travis Stice understands this cyclicality all too well. As the founder/CEO of a large, pure-play Permian basin shale company (Diamondback Energy), he has seen ridiculously wild swings in the oil market, literally from nearly $150 per barrel all the way down to MINUS $40 per barrel, all within the past 15-20 years. 

So his warnings on the oil market are undoubtedly worth hearing. 

Stice penned an update to his shareholders earlier this week that bears special attention. And in it, he warned of the following:

• Over the past fifteen years, the US energy sector has provided extraordinary benefits to the US economy and American consumers.

• Rising oil production— thanks almost exclusively to shale producers— has kept energy prices low, driven job growth and exports, increased GDP, and filled government tax coffers.

• In 2024 alone, Texas collected $27 billion in state tax revenue from the oil and gas industry— more than the total tax revenue of more than 34 states.

• Yet oil production costs in the US have risen dramatically over the past decade. And tariffs make oil production significantly more expensive.

• There are further geological headwinds preventing further expansion; many shale resources are reaching their peak— or are already past their peak production.

• As a result of these factors, US oil production is now falling. Key metrics like crew counts and rig counts are down by as much as 20%.

• Simultaneously, oil is cheap right now. Adjusted for inflation— and adjusted for the cost of drilling— oil is nearly the cheapest it has been in decades (aside from the pandemic).

• With such cheap prices, there will be very little exploration for new oil... which is really bad for US energy independence, and likely means much higher prices in the future.

Stice sums it up by saying, “This will have a meaningful impact on our industry and our country.”

This is the topic of our latest podcast episode— and, candidly, the future of energy is pretty critical to understand. Oil may be cheap now, but this will likely be short-lived, and we could see a major price spike down the road— especially if the US dollar is displaced as the global reserve currency.

We invite you to listen in to today’s podcast here.

(For the audio-only version, check out our online post here.)

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

TO READ MORE: https://www.schiffsovereign.com/podcast/why-we-can-forget-about-drill-baby-drill-podcast-152745/?inf_contact_key=0c98c052bac7e1331af19afe8d90578d6303c23d34f0b6ec81d0174425c11f9a

Economist’s “News and Views” 5-12-2025

The absolute beginning of collapse, Gold will explode in value- Bill Holter

Triangle Investor:  5-12-2025

In this interview, Bill Holter discusses the looming economic instability and potential financial collapse driven by a massive derivatives market.

He emphasizes the risks associated with major financial institutions and the implications of the US's growing debt.

Holter also highlights the importance of gold and silver as safe havens during crises, the challenges facing China, and the future of financial markets amidst rising inflation and interest rates.

 He warns that the current financial system is unsustainable and urges individuals to take proactive measures to protect their wealth.

https://www.youtube.com/watch?v=m8nEP1dIPJg

IMF CONFIRMS IT: Gold's Revaluation Will Be Beyond Your Wildest Imagination! - Andy Schectman

Financial Wisdom:  5-12-2025

0:00 - IMF declares major global economic reset

0:17 - Speculations on gold's future value

1:00 - U.S. becomes major gold importer for first time since WWII

1:24 - Trump's statement and discussions on gold revaluation

2:12 - Market vs. government-led gold revaluation scenarios

3:05 - Calculating gold's potential revaluation based on M1 supply

4:42 - Central banks' incentive to revalue gold

5:21 - Global accumulation and repatriation of gold

6:02 - Slow reintegration of gold into the monetary system

6:27 - Historical precedent for gold revaluation

7:06 - COMEX inflows suggest preparation for gold repricing

 8:22 - Risk in London's over-leveraged gold market

9:03 - States begin recognizing gold and silver as legal tender

10:56 - Something is clearly changing with gold and silver

11:52 - Market volatility manipulation and price suppression

13:09 - China's gold accumulation and ETF inflows

13:53 - A generational shift in monetary thinking

 14:04 - Gold's return as more than a commodity

https://www.youtube.com/watch?v=oCC9uaWlA0o

Why Government Spending Dropped 5.1% in Q1

Heresy Financial:  5-12-2025

https://www.youtube.com/watch?v=kiK2B6MI47w

Monday Coffee with MarkZ. 05/12/2025

Monday Coffee with MarkZ. 05/12/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning- Another Monday with this group ~ Best part of waiting for the RV is spending time with you all!

Member: Hope all moms had a great Mothers Day Weekend.

Member: Welcome back home Mark……in the famous words of Jerry Maguire, show me the money  lol

MZ: There is some positive stuff coming out of the rumor mill. Bond folks will not tell me if they have received dollars or not. They seem awfully liquid and awfully happy but will not tell me yeah or nay.

MZ: They did say there is a lot of competition for some of the bond deals. There are competing buying groups like the Treasury and Chinese elders …they are paying higher and higher prices for bonds which is a good thing for us.

MZ: This does not tell us timing…..but them being offered more….I find interesting. Maybe it will speed up those bonds.

MZ: I also had a number of sources come to me over the weekend and tell me Venezuela is now 100% in the first basket. That really makes me feel better that they are ramping things up on the Bolivar. This was my favorite piece of weekend news.

MZ: There is supposed to be a lot more news coming in today.  I usually get group news Monday afternoons.

MZ: Trump is leaving right now for his Middle East Tour.

Member: There are old rumors that the President needed to be out of country when RV/Reset was released. Wonder if they are still valid?

Member: Hopefully while Trump is on the way to Saudi Arabia he sends out the EAS

Member: I would be surprised if the RV doesn’t happen this week before the Arab summit that Iraq is hosting. I believe it starts in a couple of days.

Member: So what was the big “earth shattering” announcement for President Trump ?

Member: I believe the big announcement is an EO involving Pharma prices and bringing down prescription cost by 30-70 %

Member: 30-80% discount on pharmaceuticals is HUGE! Parity on drugs worldwide means parity at all levels……countries also

MZ: You may be on to something. Is this a move toward Nesara/Gesara and parity for all?  

Member: Trump. 30 days for drug companies to drop drug prices.

Member: IMO- Mark his 1 hour and 8 minutes that President Trump did this morning was basically him was telling everyone NESARA GESARA

Member: I heard the assets are Gold - they are now trading in gold

Member: I’m wondering - Is the US running 2 monetary systems at this time?

Member: Hopefully they are …and one is the QFS?

Member: The MSM news this AM was talking about eliminating Ohio property tax..

Member: Still hoping they get rid of income taxes and the IRS

Member: (From Dinar Guru) Mnt Goat  I believe the pivot point for us investors is all riding on the Iranian talks. Not a single event but a pivot point. What will come of Iran is also part of the fate of Iraq. We can also see now the parallel market is all about to be fully broken and the dinar is rising every day...Remember also that these correspondent banks for the remaining 5% of the foreign transactions is slowly being implemented, with a completion target by June, not starting in June... So, now we gradually hear about the decline of the dollar and rise of the dinar. This is a target for the CBI...

 MZ: I totally buy everything being said right there.

MZ: “ We apologize to the chest” Parliamentary Framework: offers the second term to the Sudanese in exchange for a fee” Watching political machinations are laughable. The people are clear on who they want.

MZ: “Iraqi Ministry announces new recovery units” This really sounds like DOGE. Handling corruption and cleaning up governments. It also sounds like Nesara/Gesara. We have seen the same movement in Vietnam, Indonesia . Iraq and the US.

MZ: “A quantum leap: an Iraqi port receives 207 oil tankers for the first quarter of 2025” This is part of the belt/road initiative. To increase their port and trade system. They have made huge progress in a short time. They are experiencing a “Renaissance” in Iraq which should bring us a change in dinar value.

Member: so are we looking at June now?

MZ: I don’t know the timing but still think it may happen in May.

Member:  Praying this RV will be wrapped up by Memorial Day!!!!

Member: Thanks Mark and mods….. Have a good day everyone

Mod:  THANK YOU, MARK AND COMM FAMILY!! SEE ALL OF YOU AT 10:00 AM EST TOMORROW, UNLESS SOMETHING HAPPENS, FOR ANOTHER GREAT PODCAST...

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=mQD755aoGYY

News, Rumors and Opinions Monday 5-12-2025

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 Mon. 12 May 2025

Compiled Mon. 12 May 2025 12:01 am EST by Judy Byington

Judy Note: Mon. 12 May marks the beginning of the 17th week of Trumps “second” term and on that same Monday he (allegedly) activated the Quantum Financial System Worldwide.

BRICS just launched BRICS Pay and HSBC launched gold tokens to obliterate the petrodollar. They’re dumping the dollar, trading in national currencies, and setting up a new system outside of globalist control. Digital assets now represent physical bars. It’s a controlled demolition of the economy.

Sun. 11 May 2025 TRUMP’S CODED WARNING — GLOBAL RESET ACTIVATED …Charlie Ward and Friends on Telegram

“We’re going to have a very, very big announcement to make.” That’s not a tease — it’s a warning. Trump didn’t just hint — he signaled. Behind closed doors with Canada’s PM, the plan was (allegedly) set in motion. Timing? Right before his Middle East trip. The fuse is lit.

The dollar is DONE. Deutsche Bank? Finished. JP Morgan? Hoarding hard assets. The banks don’t trust each other. Liquidity is collapsing behind the scenes. Federal Reserve = loan shark cartel, bleeding us dry to keep the illusion alive. This isn’t about debt — it’s about total control.

A TRIGGER EVENT IS COMING.

Brace yourself for a massive monetary explosion. BRICS just launched BRICS Pay to obliterate the petrodollar. They’re dumping the dollar, trading in national currencies, and setting up a new system outside of globalist control.

HSBC launched GOLD TOKENS. Digital assets now represent physical bars. Sound money is coming back. Gold, silver, land — REAL VALUE is making a comeback. Fiat is dying. The system is cracking. This is not a test.

The collapse is planned. Get out of the banking casino. Buy silver. Buy farmland. Buy gold. This is the only way to survive the coming storm.

And don’t forget who started the chain reaction: Trump and the Alliance. Middle East, BRICS, HSBC, Israel—it’s all connected. The old guard is panicking. They pushed the system to the brink, and now the reset begins.

Expect a financial earthquake BEFORE MONDAY.

The next phase of the plan is already moving. You’re watching the controlled demolition of the economy.

~~~~~~~~~~~

What We Think We Know as of Tues. 13 May 2025:

BRICS just launched BRICS Pay to obliterate the petrodollar.

Sun. 11 May 2025: NOW COMES THE STORM …G***o TV on Telegram

On January 20, 2025, Trump reentered the battlefield—side by side with the restored U.S. military. On March 27, they (allegedly) seized control of the Fed. On April 26, the Gold Standard(allegedly)  returned globally. By May 1, the entire fiat system was officially DEAD.

Now the final phase begins. The Quantum Grid is (allegedly) live. EBS countdown underway. Devices prepared. Every soul on Earth is about to witness the storm.

Redemption Centers are (allegedly) active. Gold-backed currency is (allegedly) here.

~~~~~~~~~~~~~~~~

Global Currency Reset:

Sun. 11 May 2025 UPDATE! QFS Is Replacing the Banking System—Redemption Centers Are Secure and Processing Gold-Backed Payments—Banks Are Desperately Freezing Accounts, Blocking Access to Your QFS Funds, and Spreading Media Lies to Keep You Trapped in the Dying Fiat System! – Gazetteller

https://gazetteller.com/update-qfs-is-replacing-the-banking-system-redemption-centers-are-secure-and-processing-gold-backed-payments-banks-are-desperately-freezing-accounts-blocking-access-to-your-qfs-funds/

Sun. 11 May 2025 589bull on X: “He’s finalizing something big—like FX-level, gold-layered, system reset big. Petrodollar’s on life support. Iraq, Saudi, UAE—all lining up. Feels like we’re watching the board get cleared before the rate switch.” / X https://x.com/589bull10000/status/1921595926885302320

https://x.com/589bull10000/status/1921595926885302320?t=ouKOZlXsobBIYT55kDHx0A&s=09

Sun. 11 May 2025 Gesara QFS on X: (1) Gesara QFS on X: “A New Phase for Humanity Begins on Monday – Here we are on the edge of history. What we’ve been talking about all along—the great revelation and transition—is not years away but just a few days. This coming Monday marks the start of the official new phase. I believe that from” / X

Sat. 10 May 2025: BOOM! OPERATION SANDMAN IN MOTION: 100+ Nations Launch Coordinated Strike to OBLITERATE the U.S. Dollar — TRUMP Ready to CRUSH the Globalist Coup! – amg-news.com – American Media Group

Read full post here: https://dinarchronicles.com/2025/05/12/restored-republic-via-a-gcr-update-as-of-may-12-2025/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  The pilgrimage that is happening right now in the Middle East inside of Iraq, I want you to know that this selling of this money has nothing to do with what we are studying.  They're talking about selling money and converting it to another currency internally for the citizens of Iraq.  They're not talking about that currency being moved on Forex on an international level which a lot of you got confused about.

Militia Man   If Iraq is going to be international they're going to have to be in compliance.  One of their compliances is to have an internationally acceptable exchange rate.  They don't have that yet.  But they are going to have one.

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

HUGE! The FOMC Meeting Confirmed Our Entire Gold and Silver

HTZ Cap:  5-11-2025

HUGE! The FOMC Meeting Confirmed Our Entire Gold and Silver Predictions - Schectman, Schiff, Macleod

JPM analyst explains what could push gold prices up to $6,000. JPM sees a possibility of another 80% surge in gold prices In her latest research note, JPM’s commodities strategist Natasha Kaneva discussed the possibility of continued momentum in gold that could push its price up to as much as $6,000 over the next four to five years.

According to Kaneva, global investors are losing their appetite for US investments due to the new government’s uncertain trade policies that many believe could trigger a full-blown trade war in 2025.

International investors are starting to reassess the exorbitant privilege and safe haven status of the US dollar,” she noted in a report this week.

 In this episode three financial experts, Andy Schectman, Peter Schiff and Alasdair Macleod share their gold and silver price predictions and highlight the recent developments in the macroeconomic landscape affecting the precious metals sector.

https://www.youtube.com/watch?v=rEtcgwq0qIk

Iraq Economic News And Points To Ponder Monday Morning 5-12-25

How Did The Central Bank's Strategic Plan Control The Dollar Price?

Banks   Economy News – Baghdad   The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Sunday that the strategic plan adopted by the Central Bank, in cooperation with banks, focused on controlling the buying and selling of dollars outside official channels.

This was achieved by accommodating foreign trade requirements and meeting demand through open and correspondent accounts. This contributed to a decline in demand for dollars in the parallel market.

Saleh explained that "the narrowing gap between the official exchange rate and the parallel (black) market exchange rate is one of the most prominent indicators of the success of the strategic approach to controlling the currency market outside official channels, which has had a positive impact on economic stability and the interconnectedness of the Iraqi economy."

He added, "This approach has contributed significantly to enhancing the stability of the monetary market, which benefits the strength of the Iraqi dinar and represents a key factor in improving the business environment and attracting local and foreign investments, particularly those operating under the Investment Law."

He noted that "these measures also contribute to strengthening financial and banking governance by supporting transparency and restricting cash transactions to official channels, which helps combat money laundering, terrorist financing, and illegal financial activities."

Regarding the operational aspect of the Central Bank's strategy, Saleh noted that "supporting commercial and investment banks and linking them to the SWIFT system and international correspondents represents a fundamental step towards enhancing compliance with international standards."

 He emphasized that "the Central Bank has succeeded in establishing an electronic monitoring system to track transfers and banking operations in foreign currency. This system has passed multiple testing stages and proven its effectiveness."

Regarding monetary policy and enhancing confidence in the banking system, he stated that "the strategy adopted has contributed to reducing annual inflation rates by limiting exchange rate fluctuations in the parallel market and providing foreign currency through official channels.

This has helped boost confidence in banks and reduce reliance on the informal market, thus gradually supporting the value of the dinar."

He continued, "These measures are pivotal within the Central Bank's strategy to reform the financial and banking system," stressing that "the continued success of this process requires sustained cooperation and commitment between the Central Bank and national banks, particularly with regard to strengthening governance and compliance to ensure transparency, integrity, and effectiveness in the financial system."  https://economy-news.net/content.php?id=55350

After The Dollar's Decline Against The Dinar, The Government Announces The Central Bank's Success In Establishing An Electronic Monitoring System To Track Transfers

Buratha News Agency1372025-05-11   The Prime Minister's financial advisor, Mazhar Mohammed Salih, revealed on Sunday the reason for the dollar's decline against the dinar in Iraqi markets.

"The narrowing gap between the official exchange rate and the parallel (black) market exchange rate is one of the most prominent indicators of the success of the strategic approach to controlling the currency market outside official channels, which has had a positive impact on economic stability and the interconnectedness of the Iraqi economy," Saleh told the official agency.

He added, "This approach has contributed significantly to enhancing the stability of the monetary market, which benefits the strength of the Iraqi dinar and represents a key factor in improving the business environment and attracting local and foreign investments, particularly those operating under the Investment Law."

He noted that "these measures also contribute to strengthening financial and banking governance by supporting transparency and restricting cash transactions to official channels, which helps combat money laundering, terrorist financing, and illegal financial activities."

Regarding the operational aspect of the Central Bank's strategy, Saleh noted that "supporting commercial and investment banks and linking them to the SWIFT system and international correspondents represents a fundamental step towards enhancing compliance with international standards."

He emphasized that "the Central Bank has succeeded in establishing an electronic monitoring system to track transfers and banking operations in foreign currency. This system has passed multiple testing stages and proven its effectiveness."

Regarding monetary policy and enhancing confidence in the banking system, he stated that "the strategy adopted has contributed to reducing annual inflation rates by limiting exchange rate fluctuations in the parallel market and providing foreign currency through official channels. This has helped boost confidence in banks and reduce reliance on the informal market, thus gradually supporting the value of the dinar."

He continued, "These measures are pivotal within the Central Bank's strategy to reform the financial and banking system," stressing that "the continued success of this process requires sustained cooperation and commitment between the Central Bank and national banks, particularly with regard to strengthening governance and compliance to ensure transparency, integrity, and effectiveness in the financial system."   https://burathanews.com/arabic/economic/459997

A Government Advisor Reveals The Reason For The Dollar's Decline Against The Dinar.
 
Economy     2025-05-11 | 08:49   5,764 views  The Prime Minister's financial advisor, Mazhar Mohammed Salih, revealed on Sunday the reason for the dollar's decline against the dinar in Iraqi markets.
official exchange rate and the exchange rate in the
 
"The shrinking gap between the parallel (black) market is one of the most prominent indicators of the success of the strategic directions to control the currency market outside official channels,  which has had a   positive impact on economic stability and the  interconnectedness of the Iraqi economy," 
Saleh said in an interview with the official agency, followed by Sumaria News.

He added,  "This approach has contributed significantly to enhancing the stability of the monetary market,  which benefits the strength of the Iraqi dinar and  represents a key factor in
     improving the business environment and
     attracting local and foreign investments,
particularly those operating under the Investment Law."

He noted that  "these measures also contribute to strengthening financial and banking governance
by supporting transparency and restricting cash transactions to official channels,
which helps combat money laundering, terrorist financing, and illegal financial activities."
 
Regarding the operational aspect of the Central Bank's strategy, Saleh noted that  supporting commercial and investment banks and linking them to the SWIFT system and international correspondents represents a fundamental step towards enhancing compliance with international standards."

He emphasized that "the Central Bank has succeeded in establishing an electronic monitoring system
to track transfers and banking operations in foreign currency.
 
This system has passed multiple testing stages and proven its effectiveness."
 
Regarding monetary policy and enhancing confidence in the banking system, he stated that  
"the strategy adopted has contributed to reducing annual inflation rates by
     limiting exchange rate fluctuations in the parallel market and
     providing foreign currency through official channels.
 
This has helped boost confidence in banks and reduce reliance on the informal market, thus
gradually supporting the value of the dinar."

He continued, "These measures are pivotal within the Central Bank's strategy to reform the financial and banking system," stressing that "the continued success of this process requires   sustained cooperation and commitment between the Central Bank and national banks, particularly with regard to
     strengthening governance and compliance to
     ensure transparency, integrity, and effectiveness in the financial system."    
  
https://www.alsumaria.tv/news/economy/525851/مستشار-حكومي-يكشف-سبب-تراجع-الدولار-أمام-الدينار   

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

Seeds of Wisdom RV and Economic Updates Monday Morning 5-12-25

Good Morning Dinar Recaps,

U.S. ANNOUNCES CHINA TRADE DEAL IN GENEVA

Secretary of the Treasury Scott Bessent: “I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive.

We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”

U.S. Trade Representative Ambassador Jamieson Greer: “This was, as the Secretary pointed out, a very constructive two days. It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought.

That being said, there was a lot of groundwork that went into these two days. Just remember why we’re here in the first place — the United States has a massive $1.2 trillion trade deficit, so the President declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”

@ Newshounds News™
Source:  The White House

~~~~~~~~~

BRICS OR THE US? SAUDI ARABIA MAY HAVE CHOSEN A SIDE AMID THE FACEOFF

Since the start of the year, the BRICS economic alliance and the US have seen tensions explode, and Saudi Arabia has unwillingly sat at the center. Indeed, their issues have reached a fever pitch amid a brewing trade war between the United States and China. Now, all eyes are on Riyadh and where its loyalties could lie in a geopolitical sense.

The country was among the first to be included in the bloc’s landmark expansion plan. However, since accepting an invitation to join, Saudi Arabia has yet to fully become a part of the collective. Now, that may never come, as it stands in a complicated position with both allies.

Saudi Arabia Stands at the Center of US & BRICS Conflict: Which Side Are They On?

Since his return to the White House, US President Donald Trump has not minced words regarding the BRICS bloc. Indeed, he warned that the bloc would face a 150% tariff for its attempts at creating a currency to rival the US dollar. Moreover, it has hit China with import duty increases as high as 245% amid its ongoing challenges.

Those issues have only continued to fester throughout the year. Moreover, it has created a rather uncertain geopolitical dynamic for one nation at the center. Specifically, as the BRICS and the US face off, Saudi Arabia may soon be forced to choose a side. That is, if it hasn’t already done so.

Saudi Arabia was present at a BRICS meeting last week, according to sources. Moreover, it is still considered a potential BRICS nation after accepting its invitation to join as an expanding country.

However, that may not tell the whole story. Specifically, the country is worried that its BRICS relations will threaten its partnership with the US, Reuters reports.

Saudi Arabia “does not want to risk US anger as negotiations are underway in Washington,” the report noted. This created a notable balancing act between its US and Chinese relations. On the one side, China is its biggest oil exporter. Alternatively, Washington is a key security and tech partner.

The decision may have already been made due to its inaction; however, Riyadh has yet to officially join BRICS. Therefore, it may be able to salvage its relationship with China on its own. Subsequently, ensuring its partnership with both nations could endure, with only BRICS suffering in the end.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

DEMOCRATIC SENATORS PROPOSE BAN ON CRYPTO PROMOTION BY TRUMP, SENIOR GOVERNMENT OFFICIALS AMID STABLECOIN BILL SPAT

▪️__A group of 20 Democratic Senators__ has introduced legislation that would ban the creation and promotion of cryptocurrencies by the President, Vice President, Congress, and Senate-confirmed Cabinet members, among some others.

▪️__The legislation was introduced amid growing tensions__ over the Senate’s stablecoin bill, after a number of Democrats withdrew their support from the current version of the bill.

▪️__The bill would attempt to prohibit Trump and Melania from profiting from their memecoins, though it would not necessarily impact the World Liberty Financial project.

▪️Elon Musk, as a Special Government Employee, would also be barred from promoting crypto.

A group of 20 Democratic Senators have unveiled new legislation that seeks to prohibit senior government officials from issuing or endorsing cryptocurrencies, as key Democrats raise concerns about President Trump's business dealings in the crypto sector.

The so-called “End Crypto Corruption Act of 2025” would prohibit the President, Vice President, members of Congress, individuals appointed to Senate-confirmed positions, and certain other special government employees in the Executive Office, plus their spouses and dependent children, from issuing, sponsoring, or endorsing any cryptocurrencies or other digital assets.

One such special government employee: Elon Musk, alongside other members of the Department of Government Efficiency (DOGE) team. Musk recently clarified that the department has no plans to use the memecoin of the same name in its official capacity.

Normal sale transactions would be permitted in the current form of the bill, which imposes fines and possible jail times on offenders. The bill covers government employees and their families during their term and for one year after, and was introduced on May 7.

The bill, the Senate counterpart of similar House legislation introduced earlier this year, is the latest response to the escalating political negotiations over the Senate's stablecoin bill.

A number of Senate Democrats voted against the legislation in its current form,  accusing Republicans of not compromising on key issues like anti-money laundering legislation and foreign issuer oversight.

The bill seeks to prevent President Trump and his wife Melania from profiting from their memecoins, which were issued shortly before the inauguration. $TRUMP has recently traded higher after Trump announced its top holders would be personally invited to a White House dinner, raising conflict of interest concerns from some Democrats.

However, it's unclear whether Trump’s position as “chief crypto advocate” at the World Liberty Financial firm — more closely associated with his sons and senior administration members — would be prohibited under the bill in its current form.

Senate Democrats have recently raised concerns about a planned $2 billion deal between an Abu Dhabi investment firm and Binance with the firm’s WLD1 stablecoins.

“Our concerns about Binance’s compliance obligations are even more pressing given recent reports that the company is using the Trump family’s stablecoin to partner with foreign investment companies,” several Democratic senators wrote last week.

Senator Elissa Slotkin (MI), a co-sponsor of the bill, told Michigan Advance that preventing Trump from profiting from his memecoin is more pressing than broader crypto regulation:

“We’ve got a more immediate crocodile closer to the boat, and that’s the president of the United States, selling his own currency and marketing his own currency and using it as a form of payment to line his pockets,” Slotkin said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Trump is Finalizing Something Big

Trump is Finalizing Something Big

589bull:   5-11-2025

He’s finalizing something big—like FX-level, gold-layered, system reset big.

Petrodollar’s on life support. Iraq, Saudi, UAE—all lining up. Feels like we’re watching the board get cleared before the rate switch.

Watcher.Guru:  JUST IN: White House says more trade deals could be announced this week.

Christian Patriot:  Trump said Friday 4 or 5 more deals would be announced very soon… almost immediately… and he’s headed to the Middle East On a trip he was going to take after Pope’s funeral but didn’t. Wonder why?! Maybe because this week is the #GCR #RV

Switzerland.

Where they go when no one’s allowed to watch.

FINALIZATION

A global checkmate signed in silence.

Greer says it was “fast.” Bullsh*t. You don’t untangle $1.2 trillion in trade imbalances over lunch. They staged it to look casual. The real deal was inked long before they landed.

Bessent called it a national emergency.

Read that again.
Not a negotiation.
Not a dispute.
Emergency.

They just rewrote the rules under executive war powers, and no one even blinked.

China didn’t push back because China’s not the opponent. They’re in on it.

Everyone’s been watching the wrong board. This wasn’t about trade. It was about currency. Control. Leverage. Who gets to value reality when the dust settles.

Now gold’s flooding in. The yuan’s being padded. And behind closed doors, Trump’s already dealt Iraq, Vietnam, and half the Middle East their new terms.

They’re calling it a “productive meeting.” What they meant was: It’s done.

Tomorrow they’ll spoon-feed the narrative. But if you’re reading this, you already saw the trigger get pulled. The system’s flipping. And no one’s stopping it.

Watcher.Guru:  BREAKING: United States announces trade deal with China.

Source(s):
https://x.com/589bull10000/status/1921595926885302320
https://x.com/589bull10000/status/1921621608076025924

https://dinarchronicles.com/2025/05/11/589bull-trump-is-finalizing-something-big/