Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 4-16-25

Good Afternoon Dinar Recaps,

OKLAHOMA KILLS BITCOIN RESERVE PROPOSAL IN SENATE COMMITTEE VOTE

Oklahoma’s attempt to become one of the first U.S. states to implement a Bitcoin reserve has come to an abrupt end.

In a tight 6-5 vote on Monday, the Senate Revenue and Taxation Committee struck down House Bill 1203, also called the Strategic Bitcoin Reserve Act, despite late momentum and a surprise vote reversal from Sen. Christi Gillespie.

Gillespie, who had planned to vote no “up until this afternoon,” changed her mind after “a couple of constituents” reached out.

"A lawmaker changed their ‘No’ vote to a ‘Yes’ because they heard from their Bitcoiner constituents!" tweeted Dennis Porter, CEO and co-founder of Satoshi Action Fund, urging Bitcoin reserve advocates to keep pressure on legislators. “Your voice matters!”

Still, the effort fell short in Oklahoma. The "no" votes came from Republican Senators Todd Gollihare, Chuck Hall, Brent Howard, and Dave Rader, along with Democrats Julia Kirt and Mark Mann.

Sen. Christi Gillespie voted YES on Oklahoma's Bitcoin Reserve Bill.

She states that "up until this afternoon", she was going to vote no.

However, she was convinced to vote yes by "a couple of constituents" that reach out and persuaded her.

Introduced by Rep. Cody Maynard in January, HB1203 would have allowed Oklahoma’s state treasurer to invest in Bitcoin and other qualifying digital assets, defined as any with a market capitalization above $500 billion for the past year. At present, only Bitcoin meets that threshold.

An earlier committee passed the bill in February by a wide 12–2 margin, setting up Monday’s high-stakes showdown.

State Bitcoin reserve efforts

With Oklahoma now out of the picture, New Hampshire, Texas, and Arizona have emerged as the top contenders in the race to become the first U.S. state to establish a strategic Bitcoin reserve.

It also marks the latest blow to such proposals, following recent rejections in Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming.

Meanwhile, on April 10, New Hampshire’s House passed HB302, a bill permitting up to 10% of the state’s general fund to be invested in Bitcoin and precious metals. The 192-179 vote sends the bill to the Senate for further consideration.

On the same day as New Hampshire’s vote, Florida’s House Insurance and Banking Committee unanimously passed HB487, which would allow up to 10% of certain state funds to be invested in Bitcoin.

Arizona, meanwhile, continues to lead in terms of legislative momentum. On March 24, the state’s House Rules Committee approved two complementary bills, SB1373 and SB1025, that proposed the Arizona State Treasurer invest public funds in Bitcoin.

The bills now await a full floor vote in the House. If they pass, the legislation will head to Governor Katie Hobbs for final approval.

On March 6, the Texas Senate passed SB-21, a Bitcoin strategic reserve bill, in a 25–5 vote after a contentious debate on the Senate floor.

At the moment, 47 State Bitcoin Reserve (SBR) bills have been introduced across 26 states, with 40 active bills still live in 20 states, as per the reserve tracker Bitcoin Laws’ data.

@ Newshounds News™
Source:  Decrypt

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BRICS: 2 COUNTRIES SETTLE OIL TRADE IN NEW CURRENCY, DISCARD US DOLLAR

China is doing everything possible to advance the de-dollarization agenda and dim the lights on the US economy. BRICS members China and Russia recently sidelined the US dollar to settle oil and gas payments in 2025. The development adds pressure on the US economy as developing nations are using new modes of payment and not the dollar.

Reducing dependency on the US dollar will lead to the currency facing deficits and bring inflation into the homeland. The USD needs to maintain its demand and supply mechanism in the forex markets and failing to do so can bring its doom.

BRICS: China & Russia Settle Oil Trade in New Currency

Trillion-dollar asset management firm VanEck recently confirmed that BRICS members China and Russia have settled oil payments using the leading cryptocurrency Bitcoin. This is a major step in advancing the de-dollarization agenda where the US dollar had a command in the oil and gas industry. “China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,” wrote VanEck.

VanEck also wrote that the new payment method using BTC for oil settlement “might be bullish for Bitcoin.” BRICS members China and Russia could usher into a new era where Bitcoin is the new payment method and not the US dollar.

The trillion-dollar management firm noted that even Bolivia is following the route of using cryptocurrencies for trade and transactions. “Bolivia has announced plans to import electricity using crypto. And French energy utility EDF is exploring whether it can mine Bitcoin with surplus electricity currently exported to Germany,” they wrote.

De-dollarization is now a major concern as the White House has imposed tariffs on over 185 countries. However, the Trump administration has now announced a 90-day pause in tariffs but the damage has already been done. The BRICS bloc is now more focused on bringing the US dollar down by not using it for oil transactions.

@ Newshounds News™
Source:  Watcher Guru
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“Vietnam News” Posted by Henig at KTFA 4-16-2025

KTFA:

Henig:  Việt Nam has 200 million personal payment accounts: expert

April 15, 2025 - 20:40

The banking sector is vital to this transformation, playing a leading role in meeting customer demands and contributing to national digital goals. Recent years have seen significant advancements in the Vietnamese banking industry, aligning with the Digital Transformation Plan for the Banking Industry to 2025, which has a vision extending to 2030

By early 2025, personal payment accounts in Việt Nam are expected to exceed 200 million, according to the Deputy Director of the Payment Department at the State Bank of Vietnam (SBV), Lê Anh Dũng,.

Dũng made the remarks during a two-day conference on World Financial Innovation Series 2025 starting in Hà Nội on Tuesday. He noted that many banks have successfully reduced their cost-to-income ratio (CIR) to below 30 per cent, showcasing improved efficiency through comprehensive digital transformation, positioning them alongside leading financial institutions in the region.

 Dũng emphasised that Việt Nam is entering a pivotal phase of development, aiming to become a developed nation by 2045, as outlined in Resolution 57-NQ/TW by the Politburo. This resolution focuses on breakthroughs in science, technology and national digital transformation.

In this context, digital transformation is not just a trend, but a crucial driver for sustainable economic growth, enhanced national competitiveness and improved quality of life. The banking sector is vital to this transformation, playing a leading role in meeting customer demands and contributing to national digital goals.

 Recent years have seen significant advancements in the Vietnamese banking industry, aligning with the Digital Transformation Plan for the Banking Industry to 2025, (Decision 810/QĐ-NHNN). To enhance operational efficiency, customer experience and risk management, credit institutions have heavily invested in advanced technologies such as artificial intelligence (AI), machine learning, big data, cloud computing and robotic process automation (RPA).

The trend of hyper-personalisation is emerging as a key highlight in the banking sector, enabling the provision of tailor-made products and services for each customer based on real-time data analysis and transaction context. This approach has yielded impressive results, by early 2025, over 90 per cent of financial transactions at many credit institutions were conducted through digital channels. This achievement reflects the industry's commitment to focusing on customers, enhancing user experiences and delivering practical benefits.

Most banks have effectively used the National Population Database to implement customer identification via chip-embedded citizen identification cards. As a result, the number of personal payment accounts has surpassed 200 million, with transaction growth via the internet, mobile devices and QR codes reaching 35 per cent, 33 per cent, and 66 per cent respectively, compared to the same period in 2024. Many banks have successfully reduced their cost-to-income ratio (CIR) below 30 per cent, showcasing their efficiency and alignment with leading financial institutions in the region.

Lê Anh Dũng emphasised that these figures not only highlight the rapid pace of digital transformation but also illustrate financial inclusion, enabling tens of millions of people—especially in rural and remote areas—to access convenient and modern financial services.

 According to Dũng the Vietnamese banking industry, while achieving significant progress in digital transformation, also faces several challenges. The foremost challenge is ensuring network security and data protection. High-tech attacks, such as deepfake technology and identity fraud, are becoming increasingly sophisticated and widespread, necessitating robust security measures.

 There is an ongoing need to invest in modern technology infrastructure and develop human resources equipped with digital skills. This requires coordinated efforts among management agencies, credit institutions and technology partners to address these gaps effectively.

The legal framework must continue to evolve to keep pace with technological advancements and emerging business models. It is crucial to strike a balance between encouraging innovation and ensuring system stability, safety and consumer protection. The Vice Chairman and General Secretary of the Vietnam Banking Association, Nguyễn Quốc Hùng, highlighted the significant impact of digital transformation in the banking sector.

Through this transformation, banks are able to offer practical products and services that enhance user experience for both individuals and businesses. This effort aligns with the government's Project 06, focusing on modernisation and efficiency.

 Key advancements include the implementation of biometric authentication and one-touch payment systems via QR codes. Furthermore, the banking industry is actively leveraging artificial intelligence in two primary areas: AI is used for forecasting and optimising business operations. AI helps in identifying fraud and money laundering risks, ensuring compliance with regulations.

In addition, banks are enhancing online public services, integrating them with the National Public Service Portal. Currently, over 90 per cent of work records are managed online, with nearly 14.6 million accounts and 46.2 million records submitted through the portal. The system has facilitated approximately 26.8 million online payment transactions, amounting to more than VNĐ12.9 trillion (US$516 million). This comprehensive approach underscores the commitment of the banking sector to innovate and improve service delivery through technology. At the sideline of the event, Praveen Venu, co-founder of the Indian Tradepass - the organiser of the event - said digital transformation is becoming increasingly critical across all sectors, particularly in the financial services industry.

 In Việt Nam, there is a significant surge in interest from digital banks and technology providers eager to showcase their capabilities to financial institutions.

 The exhibition features impressive companies introducing cutting-edge digital transformation solutions. Topics of great interest include digital banking, AI in banking, cybersecurity in the financial sector and customer experience. These subjects will be focal points of discussion throughout the two-day event. “We have seen remarkable engagement not only from delegates but also from many technology providers, all eager to participate in this vital conversation.

The impact of digital banking in Việt Nam is substantial, with a growing number of Neo banks emerging across Southeast Asia, positioning Việt Nam as a promising market for this model,” he said.— VNS LINK

Henig:  Việt Nam’s digital future in the spotlight at GSMA Digital Summit Hanoi

April 15, 2025 - 15:05

Stakeholders gathered at the GSMA Digital Summit Hanoi to drive secure, inclusive digital growth and tackle rising fraud threats head-on as Việt Nam fast-tracks its transformation into a leading digital economy.

HÀ NỘI — Leaders from government, industry and the tech sector gathered at GSMA Digital Summit Hanoi on April 15 to address one of the most pressing challenges facing the region’s digital transformation: the growing threat of scams and erosion of consumer trust.

The summit builds on insights from GSMA’s Mobile Economy Asia Pacific and Digital Nations reports and findings from the recent 'Towards an Inclusive Digital Nation: Addressing the Scam Economy and Preserving Trust in the Digital Ecosystem' report, highlighting growing concerns across the region.

 In Việt Nam, 74 per cent of consumers now use e-wallets, yet 89 per cent say they fear account hacking, and 95 per cent are concerned about the misuse of their personal data online. “Việt Nam stands at a defining moment in its digital journey,” said GSMA's Head of Asia Pacific Julian Gorman.

"On one hand, high mobile adoption and a flourishing e-wallet market are unlocking incredible opportunities for economic growth and financial inclusion. On the other hand, rising scams and identity threats are putting consumer trust at risk.

This summit brings industry and government leaders together to take meaningful action - from smarter regulation to innovative fraud solutions - so that Việt Nam’s digital future remains secure, inclusive and built on trust.” At the event, delegates explored practical measures to combat digital fraud, including real-time transaction verification, multi-factor authentication, Silent OTP solutions and closer collaboration between mobile operators, banks and fintech players.

Participants also addressed the threat of SIM-swap fraud - a concern for 78 per cent of Vietnamese consumers, well above the regional average - and how API-driven security tools, such as those enabled by the GSMA Open Gateway initiative, can be effectively integrated across sectors.

A dedicated session focused on the broader 'scam economy' challenge, highlighting how unchecked fraud could stall the adoption of digital services and erode the foundations of the digital ecosystem. Speakers emphasised the need for coordinated action on consumer protection, from enhanced fraud monitoring to public education campaigns.

Despite Việt Nam’s strong digital uptake, challenges persist around digital literacy and extending connectivity to underserved communities. Attendees stressed the importance of public-private partnerships to expand mobile coverage, improve digital skills and support a regulatory environment that promotes both innovation and safety.

Throughout the summit, discussions returned to a central theme: trust. Whether enabling e-wallets, protecting data or delivering public services, the success of Việt Nam’s digital transformation depends on maintaining consumer confidence.

 Stakeholders also called for cross-sector collaboration to create a secure and user-friendly digital environment, rooted in transparency and resilience.

In line with this goal, the GSMA also announced the renaming of the APAC Fintech Forum to the ASEAN Fintech Forum, sharpening the focus of regional collaboration on combatting scams and fraud within ASEAN and tackling the export of scams and fraud from the region. To launch this new chapter, the first ASEAN Fintech Forum Roundtable was held alongside the summit, bringing together fintech, telco and regulatory leaders to explore joint solutions to shared threats and unlock new growth opportunities.

Việt Nam is experiencing remarkable growth in mobile-led services and could soon become a leading digital nation in Asia Pacific, powered by high smartphone penetration, strong connectivity and supportive policies.

 Việt Nam’s National Digital Transformation Programme aims to position the country among the world’s top 30 digital nations by 2030, with bold goals including nationwide 5G and fibre access, the development of over 100,000 digital technology businesses and a workforce of 1.5 million people skilled in digital technologies. — VNS    LINK

MilitiaMan & Crew- Iraqi Dinar data in Real Time news-Exchange Rate Oriented-Mechanisms-Coordination-Cooperation

MilitiaMan & Crew- Iraqi Dinar data in Real Time news-Exchange Rate Oriented-Mechanisms-Coordination-Cooperation

4-15-2025

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

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

https://www.youtube.com/watch?v=IwYPke4dx88

Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-16-25

Good Morning Dinar Recaps,

2 MAJOR KEY EVENTS ON APRIL 16: RIPPLE VS SEC SETTLEMENT AND POWELL’S SPEECH IMPACTING CRYPTO ASSETS

April 16, 2025 – Today marks a potentially pivotal moment in the crypto market as two high-stakes events unfold: the long-awaited conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. Together, these developments could significantly influence investor sentiment and shape the near-term direction of crypto assets.

Ripple vs SEC lawsuit Update

After nearly a decade of legal wrangling, the Ripple vs SEC case may finally be over. April 16 was Ripple’s final deadline to file its appellate brief. With no extension granted, the only options were to either submit the filing or reach a settlement.

Sources close to the matter suggest that a settlement has been reached between Ripple and the SEC. As part of the reported agreement, the SEC has dropped its appeal, while Ripple has agreed to pay a $50 million fine and also withdraw its own counter-appeal.

Crucially, there will be no official declaration labeling XRP as a security, which many in the XRP community view as a significant win for the cryptocurrency.

According to Attorney Fred Rispoli on X, Ripple has only two options by April 16. He explained that Ripple cannot ask for more time, so they have only two options. Either they go ahead and file their appeal, which he believes has just a 10% chance, or they announce a settlement or withdrawal, which he thinks is much more likely, with a 90% chance.

 FED Chair Jerome Powell’s Speech

Later today, Federal Reserve Chair Jerome Powell is set to deliver a speech at the Economic Club of Chicago. With U.S. inflation easing and election-year pressure building, Powell’s comments may hint at the Fed’s outlook on future rate cuts.

The market currently expects:

▪️Two rate cuts in 2025

▪️Possibly starting in June or September

However, Powell has repeatedly emphasized caution, citing persistent inflation risks and global uncertainty.A dovish or hawkish tone could significantly influence Bitcoin, altcoins like XRP, and broader equity markets.

@ Newshounds News™
Source:  Coinpedia

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SOUTH KOREAN PRESIDENTIAL CONTENDER VOWS TO PUSH CRYPTO 'AS MUCH AS' TRUMP: REPORT

▪️South Korea’s presidential primary candidate for the right-wing party said he would reform crypto regulations “as much as” the Trump administration.

▪️He also vowed to increase investment into other disruptive technologies, including AI.

A candidate in the South Korean right-wing party's presidential primary pledged to revamp local regulations on blockchain and cryptocurrencies, according to local news agency Yonhap.

"To foster blockchain and virtual assets as an industry, I will reform regulations as much as the Trump administration in the United States," Hong Joon-pyo, a candidate for People Power Party's presidential primary, said during a policy announcement meeting on Wednesday, according to the report.

Hong, who served as mayor of Daegu city up until last week, said that he would work to incorporate blockchain technology into the public sector and administrative services.

Outside of blockchain and crypto, Hong also pledged to invest at least 50 trillion Korean won ($35.1 billion) over five years in research and development for AI, quantum technology and room-temperature superconductors, the report said, as part of his "growth driven by disruptive tech" initiative.

The prominent politician, with nearly 30 years of experience, had previously urged the South Korean government to adopt friendlier policies and regulations on crypto.

In 2021, Hong openly criticized the government's decision to tax cryptocurrency at the time, labeling the move retrogressive and urging the establishment of legal foundations to institutionalize emerging technologies, according to local news outlet Financial News.

South Korea's 20th President, Yoon Suk-yeol, was removed from office on April 4 after the Constitutional Court unanimously upheld the National Assembly's impeachment vote, prompted by his controversial declaration of martial law on Dec. 3, 2024.

With the June 3 presidential election less than two months away, neither of the two major political parties has yet nominated its candidate.

Hong is among eight candidates vying for the People Power Party's nomination. Meanwhile, Yoon's impeachment has given the opposition Democratic Party of Korea an advantage heading into the upcoming election.

@ Newshounds News™
Source:  The Block

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“Tidbits From TNT” Wednesday Morning 4-16-2025

TNT:

Tishwash:  Oil Price Reset in Budget" Bloomberg: Salaries in Iraq Under "Pressure"

 Bloomberg , the international economic network, revealed today, Tuesday, April 15, 2025, the existence of what it described as "Iraqi government efforts" to reset the price of a barrel of oil in the 2025 budget, after it lost about 13% of its total value during the current month as a result of fears of an economic recession following the trade war declared by US President Donald Trump.

The network reported, as translated by Baghdad Today, that Iraqi officials confirmed to it that the government is currently considering "resetting the price of a barrel of oil" in the remaining 2025 budget, with the aim of determining the government's ability to cover operating costs, most importantly salaries, based on the new oil prices.

She continued, "The decline in oil prices places additional pressure on countries that rely on oil for their revenues, especially Iraq, which relies almost entirely on oil revenues to cover its operating budget and finance the reconstruction of its infrastructure destroyed by years of war."

The network also noted that adjusting the price of a barrel of oil in the budget will help the Iraqi government develop a realistic picture of its ability to cover operating costs, in addition to exploring ways to reduce spending as global prices continue to decline.  link

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Tishwash:  Trade Bank of Iraq launches free cash deposit service via ATMs

The Trade Bank of Iraq announced on Tuesday the availability of a free cash deposit service via ATMs for its bank cardholders, stating that this service aims to simplify procedures and provide faster and easier services to citizens.

The bank's media advisor, Aqeel Al-Shuwaili, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the cash deposit service is available to holders of the bank's cards (Visa, Mastercard) issued in Iraqi dinars only," noting that "the service is free and does not require any additional fees."

Al-Shuwaili explained that "the maximum limit for a single deposit transaction is 5,000,000 Iraqi dinars, provided that the number of banknotes does not exceed 150, while the maximum monthly deposit limit is 13,200,000 Iraqi dinars," noting that "other deposits made through the bank's mobile application or through branch cashiers are counted within the specified monthly ceiling."

He explained that "the cash denominations accepted through ATMs are: 10,000, 25,000 and 50,000 Iraqi dinars," calling on customers to "withdraw the transaction receipt after depositing, as it includes its details, in addition to sending a notification of the deposited amount to the customer's email."

He stressed that "the cash deposit service is available through ATMs in the following locations:

* Main Branch: Al-Harithiya - Al-Kindi Street - Building No. (4).
* International Zone Branch: Al-Tashree' District - Green Zone - Block 228.
* Al-Mansour Branch: 14 Ramadan Street - next to Shamisani Restaurant.
* Al-Tahrir Branch: Al-Rashid Street - Building No. (11) - next to the Artists Syndicate.
* Erbil Branch: Waziran - Zakros Street - opposite Sami Abdul Rahman Park.
Haibat Khatun Branch: Al-A'dhamiyah - Omar bin Abdul Aziz Street.
* Al-Saydiya Branch: Al-Alwa Street - opposite SAS Toyota Company.
* Al-Masbah Branch: Al-Karrada - Al-Masbah Intersection - near Dijlah Village.  link

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Tishwash:  A KDP leader: The Kurdistan Region will convince oil companies to resume exports.

Kurdistan Democratic Party (KDP) leader Wafaa Mohammed Karim confirmed that the Kurdistan Region will seek to persuade oil companies operating within its borders to resume oil exports as part of joint efforts between the federal government and the region to resolve the oil crisis.

Karim told Furat News, "Among the important topics discussed by Prime Minister Mohammed Shia al-Sudani during his visit to the region was the extent of the losses incurred by Iraq due to the halt in Kurdistan's oil exports over the past two years, which amounted to $23 billion."

He added, "The region will work diligently to persuade oil companies to resume exports, as part of the recent understandings aimed at ending the stalemate on this issue." link

Mot:  . When You Can Tell -- That YOU Are an ~~~~~

Iraq Economic News and Points to Ponder Tuesday Evening 4-15-25

Oil Continues Its Losses

Time: 2025/04/14 07:56:56 Read: 2,685 times  {Economic: Al Furat News} Oil prices fell on Monday, amid concerns that the escalating trade war between China and the United States could weaken global economic growth and undermine fuel demand.

By 01:26 GMT, Brent crude futures were down 29 cents, or 0.45%, at $64.47 a barrel, while West Texas Intermediate crude futures were down 27 cents, or 0.44%, at $61.23 a barrel.

Both crudes have lost about $10 a barrel since the beginning of the month, as the trade war between the world's two largest economies escalates, according to Reuters.

Goldman Sachs expects Brent crude to average $63 per barrel, while West Texas Intermediate (WTI) crude is expected to average $59 per barrel for the remainder of this year. Brent crude is expected to average $58 per barrel and WTI crude $55 per barrel in 2026.  LINK

Rising Oil Prices

Economy | 09:40 - 04/15/2025   Mawazine News – Baghdad  Oil prices rose in early trading on Tuesday, supported by new tariff exemptions announced by US President Donald Trump and a rebound in Chinese crude oil imports in anticipation of a decline in Iranian supplies.

Brent crude futures rose 27 cents, or 0.42 percent, to $65.15 a barrel by 00:46 GMT, while U.S. West Texas Intermediate (WTI) crude gained 26 cents, or also 0.42 percent, to $61.79.

In the latest development in a tense trade war, Trump said he was considering adjusting the 25 percent tariffs imposed on auto and auto parts imports from Mexico, Canada and other countries. U.S. erratic trade policies have created uncertainty in global oil markets and prompted the Organization of the Petroleum Exporting Countries (OPEC) on Monday to cut its demand forecast for the first time since December.

The Trump administration announced on Friday that it would grant exemptions from tariffs on smartphones, computers and some other electronic goods, most of which are imported from China. That pushed both benchmark crude oil prices to a slight gain on Monday.

Trump said on Sunday he would announce tariffs on imported semiconductors next week, and filings in the Federal Register, the government's official journal, on Tuesday showed that the administration began investigating semiconductor imports on April 1 as a prelude to imposing tariffs.

Prices were also supported by data on Monday showing China's crude oil imports in March rose about 5% from a year earlier, as it increased purchases of Iranian oil in anticipation of tighter US sanctions.

Kazakhstan said on Monday its oil production fell 3% in the first two weeks of April from the March average, confirming a Reuters report, although its output remains above its quota in OPEC+, the grouping of OPEC and allies led by Russia.  https://www.mawazin.net/Details.aspx?jimare=260785

Gold Prices Stabilize In Baghdad Markets

Stock Exchange  Economy News – Baghdad   Foreign and Iraqi gold prices stabilized in local markets in the capital, Baghdad, on Tuesday (April 15, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, witnessed this morning a selling price of one mithqal of 21-karat Gulf, Turkish and European gold of 666 thousand dinars, and a purchase price of 662 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 636,000 Iraqi dinars, and the buying price was 632,000 Iraqi dinars.

As for gold prices in jewelers' shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 665,000 and 675,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 635,000 and 645,000 dinars.  https://economy-news.net/content.php?id=54456

Today's Dollar Prices

economy | 11:39 - 04/15/2025   Mawazine News – Baghdad   The exchange rate of the US dollar against the Iraqi dinar witnessed a rise in the currency markets in the capital, Baghdad.

The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 147,400 Iraqi dinars for every $100, while yesterday's price, Monday, was 147,300 dinars for every $100.

The selling price at exchange shops in the local markets in Baghdad reached 148,500 Iraqi dinars for every $100, and the buying price reached 146,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=260788

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-15-25

Good Evening Dinar Recap

XRP ETFS LIKELY NEXT TO GET SEC APPROVAL, BEATING DOGE AND SOLANA: KAIKO

XRP exchange-traded funds may be the next SEC-approved product that gives investors exposure to crypto, according to data firm Kaiko.

An XRP-focused exchange-traded fund is more likely to receive approval than other recently proposed spot funds tracking other major altcoins, market research firm Kaiko said in a report released Monday.

XRP's front-runner position comes because of the underlying token's high liquidity, said Kaiko. Spot volume for XRP on American exchanges recently hit its highest level since before a long-running lawsuit in 2020 led to delistings, Kaiko noted in its report. XRP is the fourth-largest cryptocurrency by market cap.

Kaiko added that the SEC's prior approval of a fund giving investors exposure to the coin also worked in XRP's favor. U.S. asset manager Teucrium Investment Advisors launched a 2x leveraged XRP ETF earlier this month.

"It's hard to argue against allowing a spot product when there's already an active ETF like this, which is highly levered and more risky than a vanilla spot ETF," Kaiko's Adam Morgan McCarthy told Decrypt.

Bitwise, Grayscale, 21Shares, CoinShares, and Canary Capital have all applied to list spot XRP funds. The applications and others for ETFs based on Solana, Litecoin, Cardano, and Dogecoin, among other tokens, reflect issuers' growing efforts to address demand for crypto investment products. Kaiko reported that a Solana-based fund was the next most likely after an XRP ETF to receive a regulatory greenlight.

XRP is a virtual coin created by the founders of fintech company Ripple. The SEC sued Ripple at the end of 2020, alleging that its team sold unregistered securities in the form of XRP.

@ Newshounds News™
Source:  Decrypt

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BRICS: WHEN BARACK OBAMA PREDICTED THE US DOLLAR’S FUTURE

When BRICS was formed in June 2009, former US President Barack Obama had predicted the future of the US dollar. Three months after BRICS was formed in 2009, Obama spoke in length about the USD highlighting its importance across the world. The former President revealed that investor’s confidence in the USD is high and will remain the same for many more years.

However, fast-forward 16 years to 2025, the geopolitical landscape has experienced a paradigm shift. Developing countries are advancing financially and competing with the US in tech, trade, and science.

BRICS is also looking to topple the US dollar giving Barack Obama’s 2009 prediction a reality check. The global financial markets are rapidly evolving with emerging economies looking to dominate the geopolitical spectrum.

BRICS: Barack Obama Had Predicted the US Dollar’s Future in 2009, Here’s What He Said

Former US President Barack Obama spoke about the US dollar’s future prospects when the BRICS alliance was launched in 2009. 

He explained that the USD is an extraordinary currency with immense faith and trust from the global investor community. “The dollar is extraordinarily strong right now,” President Obama said in November 2009.

And the reason the US dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world,” said Barack Obama. However, in 2025, the political landscape is different and BRICS and other developing countries want to topple the US dollar.

Barack Obama’s prediction of the US dollar is now on shaky grounds as BRICS countries find the currency intimidating. The White House pressing sanctions on developing countries is what led the alliance to distrust the USD. Even former US Treasury Secretary Janet Yellen confirmed that sanctions gave way for de-dollarization.

@ Newshounds News™0
Source:  Watcher Guru

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Iraq Economic News and Points to Ponder Tuesday Afternoon 4-15-25

The Prime Minister Of The Kurdistan Regional Government Discusses Developments In The Region With A US Delegation

Tuesday, April 15, 2025 | Politics Number of reads: 92   Baghdad / NINA / The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed today, Tuesday, with a US delegation headed by Victoria Taylor, Deputy Assistant Secretary of State, ways to enhance bilateral relations and the general situation in Iraq.   The two sides also discussed, during a meeting between them, the latest developments in the region. /End   https://ninanews.com/Website/News/Details?key=1197953

Ports Director: We Will Adopt Modern Navigation Equipment To Operate The Grand Faw Port

Buratha News Agency982025-04-15   Director General of Iraqi Ports, Farhan Al-Fartousi, announced on Tuesday that the Grand Faw Port will be operational in the coming period after it has been equipped with modern navigation equipment.

Al-Fartousi stated in a press conference that “the technical director of the International Academy for Maritime Aids (IALA), Julierdine Delano, is currently visiting Iraq to review the state of the maritime sector and its needs in terms of modern technology in the field of navigational aids, which includes the availability of buoys, lighthouses, and ship traffic signs.”

He added, "Iraq's cooperation with international maritime organizations, such as the IALA International Academy, will enable the port sector to modernize its infrastructure, provide the port of Faw with the latest navigation equipment, and train the crews working at the port to use this technology."

In contrast, the technical director of the Ayala Academy, Juliardine Delano, confirmed that "Iraqi ports are witnessing significant development in terms of performance and navigational equipment."

She noted that she is currently visiting Iraq to review the state of the maritime sector and its needs, ensure Iraq's commitment to implementing international requirements for maritime safety, and conduct a preliminary assessment of the Grand Faw Port's need for such navigational aid, in preparation for its commencement of operations in the coming period.

She added, "Iraq's compliance with international standards and its investment in safety measures will yield returns in the form of reduced prices for imported products, as well as insurance revenues paid by ships passing through ports."   https://burathanews.com/arabic/news/458886

The Iraqi Stock Exchange Launches A Standards Guide For Companies, Including These Details

Stock Exchange  Economy News – Baghdad  The Iraqi Securities Commission announced today, Tuesday, the launch of a guide to environmental, social, and corporate governance standards for companies.

The Commission stated in a statement received by Al-Eqtisad News that, "After joint work and continuous communication with the International Finance Corporation (IFC), a member of the World Bank Group, which took approximately a year, the guide was prepared according to international standards, taking into account the challenges of the Iraqi business environment and the determinants of the legislative environment."

She explained that "this guide is the first comprehensive, mandatory guide to practices issued by the Iraqi Securities Commission (ISC) for Iraqi companies to implement corporate governance (CG), sustainability governance, and environmental and social issues, including aspects related to climate change."

She pointed out that "the Commission seeks, through this guide, to institutionalize best practices for environmental, social, and corporate governance standards in Iraqi business culture by making implementation mandatory for companies listed on the Iraq Stock Exchange."
She added that "banks listed on the Iraq Stock Exchange will be subject to the Environmental, Social, and Corporate Governance Standards Guide issued by the Central Bank."

She added, "The Commission believes that implementing environmental, social, and governance practices by companies listed on the Iraqi Stock Exchange will lead to increased market confidence, a better reputation, development of the capital market, increased corporate transparency and accountability, increased foreign direct investment flows, an information-driven market, and improved market liquidity."

The statement concluded by saying, "The Authority will issue instructions on implementing the guide and will hold workshops according to a plan developed for this purpose." https://economy-news.net/content.php?id=54465

Al-Eqtisad News Publishes The Decisions Of Today's Cabinet Meeting

Money and Business  Economy News – Baghdad   Al-Eqtisad News publishes the full decisions of the Cabinet meeting held today, Tuesday, headed by Prime Minister Mohammed Shia al-Sudani. Among these decisions was the approval of comprehensive admission for all intermediate and preparatory levels.

Al-Sudani's office said in a statement seen by Al-Eqtisad News, "Prime Minister Mohammed Shia al-Sudani chaired the 15th regular session of the Council of Ministers today, Tuesday, during which general developments in the country were discussed, the implementation of the government program was followed up, and the files and topics on the agenda were discussed and decisions were made regarding them."

The statement added that Al-Sudani "directed ministers to conduct at least two visits per month to all governorates, with the aim of achieving positive and tangible results in improving the services provided to citizens. He also directed all ministries to devote the necessary attention to maximizing revenues and to prepare appropriate mechanisms for implementation."

The statement indicated that "the Council decided to grant an official holiday to the Christian component only, on the 20th and 21st of this month of April, on the occasion of the glorious Easter holiday.

The Prime Minister congratulated our Christian people, as well as our Yazidi people on the occasion of the Yazidi New Year, which falls tomorrow, Wednesday, April 16, according to the Eastern calendar, in which this occasion is a holiday for the Yazidi component according to the law."

He pointed out that "the Council voted on the comprehensive admission of the intermediate and preparatory stages in all its branches to take the second round exams for the current academic year 2024-2025," adding that the Council approved "the draft laws on juvenile care and the first amendment to the Minors Care Law (78 of 1980), which were reviewed by the State Council, and referred them to the House of Representatives based on the provisions of the Constitution."

He noted that "in the context of supporting the private sector, the draft law on partnership between the public and private sectors was approved and referred to the Council of Representatives, based on the provisions of the Constitution, while taking into account the observations of the Legal Department of the General Secretariat of the Council of Ministers.

" The Council also approved "the mechanisms and controls for issuing sovereign guarantees to the Iraqi private sector, in implementation of the provisions of the General Budget Law for the three years, and the guarantee is issued to (one or more manufacturers) as needed to complete production lines."

In the context of imposing preventive measures on imported goods, the Council of Ministers approved the following, according to the statement:

1. Imposing an additional customs duty of (60%) of the unit of measurement of the product (transparent boxes and single-use plastic cups) imported into Iraq from all countries and origins, for a period of four years, and monitoring the local market during the period of application of the additional customs duties.

2. The General Authority of Customs shall apply the additional customs duty on the aforementioned product and notify the Department of Industrial Development and Organization periodically regarding the quantity of Iraq’s imports of the aforementioned products, the value of the additional customs duties collected on the importer of the foreign product, the value of the import, the exporting countries, and the importing entities.

3. The Ministry of Industry and Minerals shall take into account the following:

A. The amount of increase in imports compared to the previous three years to determine the extent of an unjustified increase.

b. A statement of the complaining company’s ability to meet market needs in a way that ensures no price inflation.

C. Determine the importance of the required protection for the national economy.

4. Regulatory authorities shall review the effects resulting from imposing additional customs protection on the imported product.

5. This decision shall be implemented after (120) days from the date of its issuance.

In the same context, the Council approved the “recommendation regarding the protection of the reinforcing steel product for sizes (10-32) mm, which includes adding another customs duty on the reinforcing steel product for sizes (10-32) mm in the amount of (10%), so that the duty becomes (30%), using the authority of the Minister of Finance stated in Article (2) of the Customs Tariff Law (22 of 2010) as amended.”

The Council approved the renewal of the Ministry of Oil/Basra Oil Company's Engineering, Procurement, and Construction Management (EPCM) contract for the Majnoon oil field by the Ministry of Oil, with the aim of continuing to provide services related to the contract until the new tender is launched and the new contract is concluded.

As part of the electricity provision procedures, approval was given, according to the statement, for “the Ministry of Electricity to contract to supply electrical energy to the northern region in the contracted quantities, amounting to (500) megawatts.”

The statement explained that, "Regarding the mechanism for dealing with contractors' compensation requests resulting from the implementation of government contracts, the Council of Ministers voted to confirm the Ministry of Health's commitment to Cabinet Resolution No. 24241 of 2024, regarding the Nahrawan, Husseiniya, Al-Hakim, and Al-Karma hospital projects."

The Council also approved "authorizing the Minister of Environment to negotiate and sign the draft project agreement between the Food and Agriculture Organization (FAO), as the entity accredited to the Green Climate Fund, and the Iraqi government." https://economy-news.net/content.php?id=54470

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 4-15-25

Good Afternoon Dinar Recaps,

CRYPTO NEWS: TRUMP PLANS TO BUY BITCOIN WITH GLOBAL TARIFF REVENUE!

▪️Trump administration may use tariff revenue to buy Bitcoin, giving crypto investors fresh hope worldwide.

▪️Trump wants strategies to buy more Bitcoin without adding any extra cost for U.S. taxpayers.

▪️Bitcoin jumps 15%, trades above $85,000, and could soon hit the $90,000 resistance level.

As global tariff tensions heat up and financial markets stay shaky, crypto investors have found a surprising silver lining. The Trump administration has announced plans to use money collected from tariffs to buy Bitcoin—yes, you read that right. With Bitcoin already down 25% from its recent high, the timing has caught everyone’s attention.

Is the U.S. government really preparing to buy the dip?

Here’s what’s unfolding—and why it could shake up both politics and crypto.

Strategic Crypto Reserve In the Making

Last month, President Donald Trump signed an executive order to create a strategic cryptocurrency reserve. The plan involves using digital tokens the government already owns and finding new ways to expand those holdings. Trump has asked the Commerce and Treasury Secretaries to come up with budget-neutral strategies—meaning the government can buy more Bitcoin without adding to the national debt or raising taxes.

One idea being discussed in the White House is using tariff revenue to fund Bitcoin purchases. This would allow the U.S. to build its crypto reserves without borrowing money or asking more from taxpayers.

While still in the planning stage, this move shows that the government is open to fresh ideas about managing public funds.

Lummis Pushes the “Bitcoin Act of 2025”

Senator Cynthia Lummis is also stepping in with her proposal—the “Bitcoin Act of 2025.” She wants to revalue U.S. gold certificates, which are currently worth less than the real price of gold. Adjusting their value could free up extra funds that the government could use to buy Bitcoin and strengthen its crypto holdings.

Bitcoin Aims for $90K

Bitcoin is showing strength again after bouncing back from a recent dip. The price has jumped by 15% and is now trading around $85,350, with its market cap rising to $169 trillion.

Right now, Bitcoin is holding above $84,000 and staying strong above the 100-hour simple moving average. A rising trend line is also forming, with support around $85,200, suggesting buyers are still in control.

Looking ahead, Bitcoin faces resistance near $85,800, with the next major barrier at $87,200. If it breaks through these levels, the price could continue climbing—possibly reaching the $90,000 mark in the coming days.

@ Newshounds News™
Source:  Coinpedia

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BRICS: US DOLLAR KEEPS FALLING AS TRADE WAR FEARS GROW

The growing geopolitical tensions have only intensified in recent weeks amid the United States’ new Liberation Day tariff plan. Although it has been scaled back in a myriad of ways, the nation’s currency appears to be paying the price. In an interesting turn for the BRICS bloc, the US dollar has fallen again as trade fears grow.

Interestingly, US President Donald Trump had previously threatened the alliance with 150% tariffs due to their de-dollarization endeavors. The warning never actualized, but his stance on their policies was clear. Now, his efforts to balance trade for the nation have effectively done similar to the global reserve asset.

US Dollar Struggles as Trade Fears Look to Benefit BRICS Bloc

It has been a rather concerning month for the global economy. US President Trump has ushered in a strong America-first policy in the form of his new tariff plan. Subsequently, it has seen continued concern over the potential for increased geopolitical tensions.

As the United States and BRICS have continued their faceoff, the US dollar has continued to fall amid trade war concerns. Although it edged a bit higher on Monday, it approached the mid-way point of April, reaching a three-year low against the euro and Japanese yen. It approached oversold territory in its metrics and therefore, jumped slightly. Yet, it is still in a concerning position.

Investors have shown they are wary of the greenback with tariff turmoil still abounding. This is increasingly interesting when it comes to the BRICS bloc, as they have been the face of increased de-dollarization and gold buying. Subsequently, the latter has reached record highs above $3,200 this year.

“The uncertainty is now at an intolerable level for most businesses in international trade.” Adam Button of ForexLive told Reuters. “Right now, the market is taking a dim view of future US growth, and that has come through most clearly in the currency market.” Where this goes will be interesting, considering how important the dollar’s status was to President Trump when he was first elected in late 2024.

@ Newshounds News™
Source:  Watcher Guru

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US Debt Market Triggering The RESET | Francis Hunt

US Debt Market Triggering The RESET | Francis Hunt

Liberty and Finance:  4-15-2025

Francis Hunt discusses a major but underreported development in the financial system — a simultaneous weakening of the U.S. dollar and rising bond yields, signaling a deeper loss of confidence in the U.S. debt market.

Hunt explains that this rare phenomenon, usually seen in emerging markets, suggests the beginning of a systemic breakdown, one that his team had predicted years ago as part of a post-2020 "reset."

He emphasizes that the foundational issue lies in the debt markets, which are no longer being blindly supported by foreign or domestic institutions due to increasing fiscal instability.

 This erosion of trust, he argues, is not due to a coordinated foreign sell-off but rather a broader institutional retreat driven by uncertainty and risk aversion.

Despite the grim outlook, Hunt notes that this environment is highly bullish for gold, as it benefits from capital fleeing fiat currencies and debt instruments.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Dollar rejection

15:08 Gold update

20:34 Dow/gold ratio

 27:17 Gold/silver ratio

42:00 Last thoughts

https://www.youtube.com/watch?v=tWkLwf-aC04

“Tidbits From TNT” Tuesday Morning 4-15-2025

TNT:

Tishwash:  Iraq awaits economic breakthrough following US-Iran agreement

Amid the successive crises facing Iraq, the national economy stands on the edge of waiting and anticipation, searching for a glimmer of hope that will open windows of relief amid the blocked financial horizon and the tightening noose on the local market.

Amid the anxiety of traders and the fear of consumers, the signs of the anticipated agreement between the United States of America and the Islamic Republic of Iran emerge as an opportunity that may carry within it the features of an economic breakthrough for Iraq, after years of suffering due to sanctions and regional tensions.

With every announcement or hint of progress in the negotiations, Iraqis' hopes are pinned on the possibility of liberating themselves from the shackles of complex transactions, and that this agreement will transform from a mere political card into a key to facilitating trade, ensuring stability, and protecting what remains of their purchasing power and economic capacity, which has been weakened by regional tensions.

Economic expert Nasser Al-Tamimi confirmed on Monday (April 14, 2025) that the expected agreement between the United States of America and the Islamic Republic of Iran will have economic benefits for Iraq.

Al-Tamimi told Baghdad Today, "The expected agreement between Washington and Tehran during the next phase is not only politically and security-wise important for Iraq, but also has economic benefits for Iraq.

This agreement will lift some US sanctions against Iran, especially those related to the dollar issue. This may allow Iraq to conduct commercial transactions with Iran in dollars through official and legitimate means, and stop the black money transfers used by most traders."

He added, "Among these economic benefits is Iraq's continued import of gas and electricity without any American obstacles or impediments. Therefore, the anticipated US-Iran agreement is of great importance to Iraq. However, if no agreement is reached and the situation escalates between the two parties, Iraq will be the most affected by this."

With the escalation of talk about a possible agreement between Washington and Tehran, expectations are growing that some of the restrictions imposed will be eased. This could give Iraq a new opportunity to regulate its trade with Iran through official and legitimate channels, mitigate the impact of recurring energy crises, and restore some balance to the local market, which has been chronically constrained by these regional and international challenges.  link

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Tishwash:  Al-Sudani's advisor: Annual returns from investing reserves are no less than $2 billion.

The Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, confirmed on Tuesday that the "annual returns" from investing foreign reserves are no less than two billion dollars, according to his estimates.

"These investments are often short-term and directed toward US, European, or British treasury bonds, with the aim of achieving appropriate returns," Saleh told Shafaq News Agency.

He added, "These investments are characterized by low risk and generate appropriate returns, and the invested assets can be quickly converted into cash without incurring losses."

Saleh pointed out that "profits generated from reserves are divided into two types: the first is realized, represented by direct interest, and the second is unrealized, resulting from diversifying the investment portfolio, in addition to realizing potential profits from exchange rate differences between currencies and gold."

The Central Bank of Iraq previously revealed a decline in foreign reserves for 2024, reaching 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when these reserves reached 145.64 trillion dinars  link

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Tishwash:  Economist: The US price war aims to cover inflation, not boost the economy

Mustafa Hantoush, a researcher and expert in financial and banking affairs, confirmed on Monday that the price war launched by US President Donald Trump aims primarily to cover the inflation rates accumulated in the United States over the past years, and not to boost the US economy as it is being promoted.

Hantoush explained, in a statement to Al-Maalomah, that “the halt of major economies, especially China and Europe, from investing in US Treasury bonds directly contributed to the rise in inflation rates without this being matched by actual growth in the US economy.”

He explained that "the United States relies on printing dollars and covering them through global markets when its economy is growing, but in the event of a decline in growth, this causes an exacerbation of domestic inflation, which is what the current US administration is trying to address by attracting global companies to the US market."

He pointed out that "current policies aim to stimulate foreign and local capital to enter the US market as a means of reducing inflation, and are not the result of real strength in basic economic indicators." End  link

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Tishwash:  Rafidain Bank announces the disbursement of interest on the first issue of "Emaar Bonds."

Rafidain Bank announced on Sunday the commencement of disbursing the first-year interest on the first issuance of Emaar bonds, stressing that the disbursement process is being conducted in an organized and smooth manner to ensure speedy completion. 

The bank said in a statement, seen by Al-Eqtisad News, that "based on Rafidain Bank's commitment to its pledges towards investors and citizens who support the reconstruction and development process, we are pleased to inform you that the disbursement of the first year's interest on the first issuance of reconstruction bonds will begin on April 9, 2025."

The bank added, "We invite all eligible investors to visit the nearest branch of our bank in Baghdad and the governorates to receive their dues."

The bank confirmed, according to the statement, that "the disbursement process will be carried out according to an organized and smooth mechanism that ensures speedy completion," adding that "the interest is fully available and has been transferred by the Central Bank of Iraq to our account," calling for "bringing supporting documents or documents related to the bond when visiting to facilitate the procedures."

The statement concluded that "this step comes within the framework of our commitment to providing the best banking services and enhancing confidence in development bonds as a safe and stable investment option  link

Mot: ........ And then You Realize!!!!

Mot: Marriage vows