“Tidbits From TNT” Saturday Morning 4-19-2025

TNT:

Tishwash: Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization. 

During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it.

He pointed to the measures achieved in 2023 and 2024 by the Central Bank in cooperation with the government, mainly regarding the regulation of foreign trade financing, the electronic platform, and direct work between banks and international correspondent banks

Based on the approved reform and development methodology, official data, and monetary policy indicators for 2024 and the plan for 2025 and 2026, in cooperation with international consulting companies specialized in this field, and compliance with financial globalization and international standards adopted by WTO member states.

Al-Nusairi explained the main points of the banking reform project launched by the Central Bank this month in the presence and participation of the Prime Minister.

He pointed out the customs war launched by the US administration and its effects in the medium and long term on the principles of unifying customs duties. 

Customs duties of the member states of the organization, and what are the means of confrontation that will be adopted by the World Trade Organization and the CAT organization concerned with regulating customs duties at the international level.

The workshop was attended by members of the National Governmental Committee for Joining the Organization, in which Iraq currently holds observer status along with 21 other countries, out of 166 countries with full membership.

Representatives of relevant ministries, the private sector, and unions were also present.  link

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Tishwash:  Al-Karawi: Failure to send budget tables is a constitutional violation.

Member of the Parliamentary Finance Committee, MP Mustafa Al-Karawi, confirmed on Friday that the government's delay in sending the budget tables constitutes a clear violation of the provisions of Article (77/Second) of the Budget Law, calling on the House of Representatives to take its role in holding the government accountable for this legal violation.

Al-Karawi told Al-Maalouma, “The government was legally obligated to submit budget schedules before the end of the previous fiscal year, but four months have passed without it complying with this, which constitutes a clear violation of the law and a failure to fulfill its constitutional duties.”

He added, “The delay in the 2024 and 2025 budget schedules is a serious indicator of administrative and oversight shortcomings within the relevant projects government institutions, which negatively impacts and implementation plans.”

Al-Karawi pointed out that “90% of the budget depends on oil revenues, at a time when the global market is experiencing sharp fluctuations, which makes basing a three-year budget on an unstable resource an ill-considered move.”

He pointed out that "the 2024 budget arrived late, was sealed by prior political agreement, and was not subject to a genuine review within Parliament. Despite containing fundamental problems, the results of which have begun to become apparent through the suspension of projects and the delay in referral and implementation."

Al-Karawi stressed that “Parliament is required to exercise its oversight role and hold the government accountable for this negligence, which could cause significant harm to the national economy and development plans.”  link

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Tishwash:  The most prominent of which are "thorium and uranium"... Iraq: Our natural resources are estimated at (16) trillion dollars.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq ranks ninth globally among countries rich in natural resources, while pointing to a move to invest in strategic minerals whose revenues rival those of oil .

According to the official agency, the Prime Minister's financial advisor, Mazhar Mohammed Salih, "Iraq ranks ninth among the world's ten richest countries in terms of natural resources, with its wealth in precious metals, minerals, and other resources estimated at at least $16 trillion, according to preliminary global estimates ."

He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer of its vast and diverse geography, particularly in the Mesopotamia Basin region, which is rich in underground resources ."

He explained that "investing in strategic minerals such as thorium and uranium could generate returns comparable to those of oil, as thorium is a cleaner and more important alternative for energy generation compared to uranium." He noted that "linking the value of the national currency to investment in these minerals depends on Iraq's ability to enter value-added chains, which contributes to raising the gross domestic product ."

He added that "the discovery of large quantities of thorium and uranium in southern Iraq represents 'strategic news' that will have a significant impact on diversifying the national economy if exploited optimally, especially if linked to the investment policies associated with the Development Road Project ."

Saleh emphasized that "advancing the exploration and manufacturing processes for these two resources will pave the way for the development of non-oil resources, enhancing Iraq's global geo-economic position. Furthermore, this development will chart the outlines of a new industrial map linked to the path of development, establish a sustainable future, attract major global mining companies with advanced technological capabilities, and provide quality job opportunities within the Iraqi market ."

He pointed out that "this boom in mineral investment will have a positive impact on fiscal and monetary policy, by enhancing monetary stability and increasing national income, which will contribute to improving citizens' well-being ."

He continued, "The importance of thorium and uranium minerals in the global energy market, and the presence of major economic partners such as India, China, and the United States, make Iraq a pivotal player in the field of unconventional fuel resources and an influential center in facilitating international security and energy paths  link

Mot:  Where there is a Will - there is a Way!  

Mot: blue ones --- Now Wait a Moment!!! 

MilitiaMan & Crew Iraqi News-Port of Faw Gateway Development-Heart of the Region-$16 Trillion in non oil assets

MilitiaMan & Crew Iraqi News-Port of Faw Gateway Development-Heart of the Region-$16 Trillion in non oil assets

4-19-2025

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=DcMSccXE3M0

New Gold-Backed Sound Money Plan Revealed | Judy Shelton

Trump vs Powell - New Gold-Backed Sound Money Plan Revealed | Judy Shelton

Soar Financially:  4-18-2025

In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system.

We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America. -Why is the Fed too powerful?

Could gold-backed 50-year bonds anchor the dollar?

And is the U.S. actually “cheating” in global markets?

00:00 - The Fed Is Too Powerful

00:43 - Meet Judy Shelton: Credentials & Mission

01:30 - What’s Wrong with the U.S. Economy Today?

 03:20 - Ending Dependence on Government Overspending

 05:00 - Trump’s Agenda: Rebuilding Manufacturing & Fair Trade

07:00 - Currencies vs. Tariffs: What Really Impacts Trade?

 09:30 - Bretton Woods, Gold & Stable Exchange Rates

11:00 - Currency Manipulation = Cheating

13:00 - Can We Create a New Global Monetary System?

15:00 - Free Markets vs. Currency Rigging 17:00 - Friedman, Hayek & Gold: Which Path Forward?

20:00 - Is the U.S. Rigging the Dollar?

21:00 - Gold-Backed Bonds: Mechanics & Meaning

25:00 - The $1 Trillion Windfall from U.S. Gold Reserves

 28:00 - Fixing the Fed’s Role in a Free Market

30:00 - Who Really Benefits from Fed Policy?

32:00 - Rescind Interest on Reserves?

33:30 - Should the U.S. Lead the World With Gold-Backed Bonds?

36:00 - Why Gold Is Surging — And What It Signals

 40:00 - Final Question: What Should We Really Be Asking?

43:00 - Would Judy Become Fed Chair?

 46:00 - Follow Judy Shelton

https://www.youtube.com/watch?v=1By_XSde6Qk

Iraq Economic News and Points to Ponder Friday Afternoon 4-18-25

Iraq Is Ranked Ninth Globally Among Countries Rich In Natural Resources.

Money and Business  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq ranks ninth globally among countries rich in natural resources, while pointing to a move to invest in strategic minerals whose revenues rival those of oil.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, said, "Iraq ranks ninth among the world's ten richest countries in terms of natural resources, with its wealth in precious metals, minerals, and other resources estimated at at least $16 trillion, according to preliminary global estimates."

He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer of its vast and diverse geography, particularly in the Mesopotamia Basin region, which is rich in underground resources."

He explained that "investing in strategic minerals such as thorium and uranium could generate returns comparable to those of oil, as thorium is a cleaner and more important alternative for energy generation compared to uranium.

" He noted that "linking the value of the national currency to investment in these minerals depends on Iraq's ability to enter value-added chains, which contributes to raising the gross domestic product."

He added that "the discovery of large quantities of thorium and uranium in southern Iraq represents 'strategic news' that will have a significant impact on diversifying the national economy if exploited optimally, especially if linked to the investment policies associated with the Development Road Project."

Saleh emphasized that "advancing the exploration and manufacturing processes for these two resources will pave the way for the development of non-oil resources, enhancing Iraq's global geo-economic position.

Furthermore, this development will chart the course for a new industrial map linked to the path of development, lay the foundation for a sustainable future, and attract major global mining companies with advanced technological capabilities, in addition to providing quality job opportunities within the Iraqi market."

He pointed out that "this boom in mineral investment will have a positive impact on fiscal and monetary policy, by enhancing monetary stability and increasing national income, which will contribute to improving citizens' well-being."

He continued, "The importance of thorium and uranium minerals in the global energy market, and the presence of major economic partners such as India, China, and the United States, make Iraq a pivotal player in the field of unconventional fuel resources and an influential center in facilitating international security and energy paths."   https://economy-news.net/content.php?id=54581

Despite Its Decline, Gold Prices Are Heading Towards Weekly Gains.

Money and Business    Economy News - Follow-up   Gold prices fell on Friday, following a sharp rise in the previous session, as investors booked profits ahead of a long weekend. However, a weaker dollar and escalating trade tensions between the United States and China kept prices above $3,300 per ounce.

Spot gold prices fell 0.5% to $3,326.51 per ounce, after hitting a record high of $3,357.40 earlier in the session. Gold has gained nearly 3% this week, while US gold futures fell 0.5% to settle at $3,328.40.

As for other metals, spot silver prices fell 0.9% to $32.46 per ounce, platinum fell 1% to $957.18, and palladium fell 2.3% to $949.72.    https://economy-news.net/content.php?id=54572

Arab Parliamentary Delegations Arrive In Baghdad To Participate In The Arab Parliament Conference.

Friday, April 18, 2025, 4:57 PM | Politics Number of reads: 103  Baghdad / NINA / Arab delegations representing members of the parliaments of Saudi Arabia, Bahrain, Egypt, Morocco, Algeria, Palestine, Mauritania and Lebanon arrived in the capital, Baghdad, on Friday, to participate in the Arab Parliament Conference, which will be held in Baghdad from April 19 to 21, 2025.

The House of Representatives will host the meetings of the Arab Parliament and its permanent committees, which will start tomorrow, Saturday, under the patronage of Parliament Speaker Mahmoud Al-Mashhadani, with the attendance of 60 representatives of parliaments of Arab countries.

The Parliament will begin its work with a joint meeting between Parliament Speaker Mahmoud Al-Mashhadani and Arab Parliament Speaker Mohammed Ahmed Al-Yamahi, marking the start of the Parliament's meetings, followed by a session of the Palestine Committee, then the meetings of the Arab Parliament's permanent committees, which are four committees, will begin, and the activities will conclude with the fourth session of the first session of the fourth legislative term of the Arab Parliament, on Monday, April 21.

The parliament's agenda includes a training workshop for its members on Sunday, April 20, in the Shabibi Hall of the House of Representatives, under the title "Artificial Intelligence Tools in Parliamentary Work."

A meeting of the Arab Parliament's Bureau will be held in the meeting room of the Speaker's Office, attended by the Parliament Speaker, his deputies, and heads of standing committees. The meeting will be held in the meeting room of the Speaker's Office.

The Arab Parliament is the legislative arm of the League of Arab States, established within the framework of the League of Arab States pursuant to a decision by its Council at the summit level on March 23, 2005, in Algiers, as a transitional parliament for a period of five years. Its mandate was extended for an additional two years.

It is also considered a space for practicing the principles of Shura, democracy, freedom, and human rights, a tool for dialogue and decision-making, a popular driving force for the Arab working system, and an effective partner in formulating joint Arab policy.

It also affirms the principle of expanding political participation as a basis for democratic development in Arab countries and strengthening ties between Arab peoples.

The Arab Parliament consists of (88) members, four members for each member state of the League of Arab States, which number (22). The Parliament has four permanent committees, namely: the Foreign, Political and National Security Affairs Committee, the Economic and Financial Affairs Committee, the Legislative, Legal and Human Rights Affairs Committee, and the Social, Educational, Cultural, Women and Youth Affairs Committee. Each committee consists of (22) members.

The legislative term of the Arab Parliament consists of four sessions, where the session begins in October and ends in June of each year. The Arab Parliament holds its general sessions at the headquarters of the League of Arab States in Cairo./
https://ninanews.com/Website/News/Details?key=1198538

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

Seeds of Wisdom RV and Economic Updates Friday Morning 4-18-25

Good Morning Dinar Recaps,

ARIZONA LEADS CRYPTO RESERVE LEGISLATION RACE AS SB 1373 PASSES HOUSE COMMITTEE

▪️The Arizona Strategic Digital Assets Reserve Bill passed the House committee on Thursday.

▪️The bill, which calls for the creation of a strategic reserve, now awaits a final reading and full floor vote before reaching the governor’s desk for approval.

Arizona's Strategic Digital Assets Reserve Bill, or "SB 1373," passed the House committee on Thursday. It now awaits a third reading and a full floor vote before reaching the governor's desk for final approval.

The SB 1373 bill proposes the creation of a digital assets strategic reserve fund, which would consist of funds appropriated by the legislature and crypto assets seized by authorities.

The bill notes that the state treasurer would be allowed to deposit seized crypto into the fund via a qualified custody solution or a state-registered exchange-traded product, and that the treasurer may loan digital assets from the fund for additional returns.

"The state treasurer may not invest more than ten percent of the total amount of monies deposited in the fund in any given fiscal year," the bill says.

According to SB 1373, the term "digital assets" include virtual currency, virtual coin, and cryptocurrencies, which encompass bitcoin, stablecoins, non-fungible tokens, and other blockchain-based assets that carry economic or access rights.

A separate bill — the Arizona Strategic Bitcoin Reserve Act (SB 1025) — also passed the House on April 1. If enacted, SB 1025 would allow state funds to invest up to 10% in "virtual currency holdings."

However, Arizona's crypto reserve bills may face a significant roadblock in the legislative progress as Governor Katie Hobbs vowed to veto all bills until the legislature passes a disability funding measure.

Several other U.S. states are currently advancing crypto-related legislation. According to data from bitcoin legislation researcher Bitcoin Laws, Arizona has made the furthest progress in passing the digital asset reserve legislation, followed by Texas and New Hampshire.

@ Newshounds News™
Source:  The Block

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RUSSIA MULLS LOCAL STABLECOIN ISSUANCE TO CIRCUMVENT SANCTIONS

A Deputy Director at the Russian Finance Ministry, Osman Kabaloev, has floated the idea of Russia launching a stablecoin to help with import and export payments. Over the last three years, Russia has tried numerous routes to circumvent sanctions given its access to Swift for cross border payments is blocked.

A current popular route is the use of stablecoins, and Tether in particular. However, in early March, Tether froze $28.5 million in funds belonging to sanctioned Russian crypto exchange Garantex, causing it to suspend services.

“That blocking that recently happened… makes us think that we need to look at creating internal instruments like USDT, possibly tied to other currencies, like they do in the Emirates – a stablecoin for the dirham – and in many other countries,” Kabaloev said at a conference of the Association of Russian Banks, according to Reuters. He was referring to the recent launch of the AE Coin, a dirham stablecoin authorized by the Central Bank of the UAE. Notably, the dirham is pegged to the dollar.

This isn’t the first report about Russian stablecoins. Last August there were reports of plans to issue a stablecoin in the Chinese yuan as well as a BRICS basket. It’s unclear whether China’s government would support a yuan stablecoin or would prefer the use of its CBDC.

The yuan is relevant because a significant proportion of Russia’s cross border payments have now shifted to the Chinese currency.

Tokenization & crypto for cross border payments

Russia already has two experimental programs that can be used for cross border payments. It has digital financial asset (DFA) issuance, its regulated tokenization regime that was launched before the Ukraine invasion. This supports assets such as tokenized gold or oil, and Iran said it was working with Russia on using tokenized assets for payments.

DFAs were originally intended for domestic investments, but a year ago Russia passed a law allowing DFAs to be used for cross border payments. Around the same time, local ratings agency ACRA highlighted frictions for foreign DFA holders because they’d have to onboard with Russian banks.

Russia’s central bank is not a big fan of cryptocurrencies, and initially resisted their use for cross border payments. However, late last year a new experimental program was launched to support the use of cryptocurrencies for imports and exports.

Mr Kabav also mentioned proposals the Central Bank subloemitted for crypto trading.

On the payments front he said, “Pilot transactions were conducted at the end of December, and now the mechanism is gaining momentum. Therefore, we hope that we will only strengthen and expand this area.”

At the same time Russia is working on a digital ruble central bank digital currency (CBDC), and there’s been much talk of a BRICS Bridge. That’s a planned cross border CBDC payment system for local currency payments amongst the ten BRICS member states.

@ Newshounds News™
Source:  Ledger Insights

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RUSSIAN SENATOR ANTICIPATES CREATION OF BRICS+, DOZENS OF NATIONS POTENTIALLY INVOLVED

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Russian Senator Reveals Future Creation of BRICS+ Geopolitical Group

The BRICS alternative bloc, composed of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates, is now seeking to expand its reach and influence to other countries through BRICS+.

Konstantin Kosachev, a Russian Senator of the Federation Council, said the bloc will deploy this new initiative to put dozens of allied countries in direct contact with the organization.

Kosachev stated:

This will not be a closed association for BRICS countries and partners, but rather a broader platform aimed at including the maximum number of participants.

The Russian Senator noted that several nations, including China, Iran, the United Arab Emirates, Ethiopia, South Africa, and Brazil, the current president of BRICS, had expressed their support for the BRICS+ initiative. “Several other countries are still considering their positions, but in this case, as within the entire association, we do not impose our will or attempt to enforce a single discipline,” he clarified.

The idea would be discussed during the next Parliamentary Forum in June, where representatives of the member states and allied nations will be present. “We hope to reach some decisions to formalize this initiative on the platform of the Inter-Parliamentary Union during the autumn assembly,” Kosachev concluded.

The news hints at a new level of cooperation between the BRICS bloc and its allies centered in the BRICS+ initiative, which could be used to coordinate binding economic and governance policies seeking to strengthen the group’s position in the face of the current financial turmoil and market uncertainty.

Per Russian Foreign Minister Sergey Lavrov’s statements, these measures could include adopting a common payment system, which will also be available for countries outside the group.

@ Newshounds News™
Source: Bitcoin News

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“Tidbits From TNT” Friday Morning 4-18-2025

TNT:

Tishwash:  In a meeting with Al-Sudani, Oman offers a digital partnership to Iraq.

Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Saeed bin Hamoud al-Maawali.

 According to a statement from his office, a copy of which was received by {Euphrates News}, Al-Sudani welcomed the Omani minister and sent his greetings to the Sultan of Oman.

Al-Sudani pointed out that "the level of development, employment, and investment in Iraq, including the telecommunications sector, has advanced and improved, thanks to the political, security, and social stability the country is witnessing, as well as the economic renaissance," stressing that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two countries."

For his part, Al-Maawali praised Iraq's achievements on various fronts, reviewing "the results of his discussions in Baghdad," and affirming "the readiness of his country's public and private sectors to cooperate with Iraq in the field of the digital economy and digital government."

 Al-Maawali also expressed his country's "readiness to cooperate in the ports and airports sectors by investing in projects related to various Iraqi airports."  link

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Tishwash:  What are the consequences of basing the budget on an oil price of $55?

 Economic analyst Abdul Rahman al-Mashhadani warned on Thursday of the repercussions of basing the oil price at $55 per barrel on the general budget law. He noted that this measure will lead to a financial deficit exceeding 80 trillion dinars, threatening a stifling economic crisis in the country.

Al-Mashhadani told Al-Maalouma, “Adopting a price of $55 per barrel in the budget is unrealistic in light of the ongoing fluctuations in global markets, and could result in a huge financial deficit that would exacerbate Iraq’s economic and financial crises.”

He added, “Some experts believe that reducing the price of oil to $55 per barrel could increase the fiscal deficit, reflecting the inaccuracy of this budgeting mechanism.” He emphasized that "continuing this approach could lead Iraq to a real economic catastrophe."

Al-Mashhadani pointed out that "the only solution lies in the government's deliberate reduction of operating and investment expenditures and its efforts to diversify sources of income instead of relying entirely on oil revenues." He called for "the development of a comprehensive economic reform plan that relies on the private sector, agriculture, industry, and tourism as alternative and sustainable sources."

A number of experts suggested that calculating the price of a barrel of oil at $55 is the most appropriate option to address the current financial crisis, given the realism it provides in the estimates and the avoidance of falling into a larger budget deficit.   link

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Tishwash:  A budget hanging on an oil thread.. The cost per barrel reveals the depth of the rift between Baghdad and Erbil.

 Member of the Oil and Gas Committee, MP Ali Shaddad, confirmed today, Friday (April 18, 2025), that Article (12) of the Triennial Budget Law represents one of the most prominent reasons for the delay in sending the 2025 budget tables to the House of Representatives, explaining that it sparked a sharp dispute between the federal government and the Kurdistan Regional Government.

Shaddad's media office said in a statement received by "Baghdad Today", that "the budget schedules for the year 2025, which the government is supposed to send to the House of Representatives for approval, may be delayed due to the lack of agreement on Article (12) of the Triennial Budget Law, in addition to the decline in oil prices." 

He added that "the decline in oil prices will contribute to the exacerbation of the financial deficit in the budget," indicating that "the latter was built on the basis of an estimated price per barrel of (70) dollars, which is no longer realistic in light of the decline in prices, in addition to the accumulated deficit from the past two years." 

Shaddad continued, "The government is concerned about the financial obligations that may be imposed by the budget schedules," noting that "the latter has announced on more than one occasion that it is suffering from a severe shortage of financial liquidity." 

He stressed that "this shortage will not affect the salaries of employees and retirees, but it may lead to delays in the disbursement of certain financial dues, such as bonuses and promotions, as well as delays in the release of governorate budgets."  link

Mot: Started the Day off with ~~~~~

Mot: . and Ur Bunny Name is ~~~~~~ 

MilitiaMan & Crew: Iraq Dinar-Prime Minister of the Region to Al-Sudani to Activate Article 140 - Resolving Article 140

MilitiaMan & Crew:  Iraq Dinar-Prime Minister of the Region to Al-Sudani to Activate Article 140 - Resolving Article 140

4-17-2025

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=56ILrDUai7k

Iraq Economic News and Points to Ponder Thursday Afternoon 4-17-25

Parliament's Finance Committee Expects The 2025 Budget To Be Unavailable At This Time: Its Deficit Will Reach 60 Trillion Dinars.

Local | 10:09 - 04/17/2025  Mawazine News – Baghdad  Parliament's Finance Committee said on Thursday that it is unlikely that the 2025 budget will be submitted at the present time, while it expected its deficit to be 60 trillion dinars.

Committee member Jamal Koujar said, according to the official newspaper: "We expect that the current year's general budget tables will not reach parliament at the present time, due to the decline in oil prices, as it was based on a price of $70 per barrel."

He stressed that "if the old price is adopted, the deficit will be around 60 trillion dinars, in addition to an actual deficit accumulated from the past two years."  https://www.mawazin.net/Details.aspx?jimare=260794

Iraq And The United States Of America Discuss Strengthening Bilateral Relations In Various Fields

Thursday, April 17, 2025 10:21 PM | Politics Number of readings: 16   Baghdad / NINA / The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Mohammed Hussein Mohammed Bahr Al-Uloom, received at the ministry's headquarters in Baghdad the Deputy Chief of the US Mission to Iraq, Elizabeth Trudeau, and her accompanying delegation.

A statement by the Ministry of Foreign Affairs stated that during the meeting, ways to enhance bilateral relations between Iraq and the United States in various fields of common interest were discussed.

Bahr Al-Uloom stressed Iraq's keenness to develop frameworks for bilateral cooperation, especially in the fields of energy, electricity, economy, education, health, technology transfer, and capacity building.

He pointed to the importance of the meetings of the Higher Coordination Committee emanating from the Strategic Framework Agreement, calling for expediting their convening and activating new cooperation mechanisms that embody mutual interests and the progress Iraq is witnessing in the security, economic, and development fields.

The two sides also discussed the importance of exchanging official visits between the two countries, given their role in strengthening ties of cooperation, in addition to discussing the ongoing preparations for a number of upcoming visits.

Trudeau expressed the United States' readiness to enhance bilateral cooperation, affirming her government's commitment to supporting the Iraqi government's efforts, and praising Iraq's active role in consolidating stability in the region. /End  https://ninanews.com/Website/News/Details?key=1198429

Reconstruction: World Bank Financing Of Projects Will Create Jobs And Support The Private Sector

Reconstruction and construction   Economy News – Baghdad   The Ministry of Construction and Housing confirmed on Thursday that the World Bank's facilities will contribute to improving public services in remote and deprived areas, while explaining that the World Bank's financing of projects will create job opportunities and support the private sector.

“The World Bank’s provision of project financing facilities will contribute to expanding the scope of reconstruction with infrastructure services, such as the construction and rehabilitation of water purification plants and sewage treatment plants, as well as road projects, especially in areas that have not been previously implemented and that need these services,” said ministry spokesman Nabil Al-Saffar in an interview followed by “Al-Eqtisad News.”

 He pointed out that “they contribute to improving public services, especially in remote and deprived areas or those affected by wars and terrorist operations.”

He added, "These projects contribute to creating job opportunities and supporting the private sector by providing financing and supporting economic reforms in the country." He noted that "an agreement was previously concluded between the Iraqi government and the World Bank for Reconstruction and Development in 2015 to reconstruct areas affected by terrorist operations."

He explained that, "according to this agreement, 20 projects were completed, distributed among 20 districts and sub-districts within three governorates (Salah al-Din, Diyala, and Anbar), including the rehabilitation of water and sewage stations, with the number of beneficiaries reaching approximately 3 million people, in addition to a number of projects to equip specialized equipment for the municipal, water, and sewage sectors."   https://economy-news.net/content.php?id=54542

Oman Offers Iraq Cooperation In Ports And Airports Through Investment.

Buratha News Agency1442025-04-17   Prime Minister Mohammed Shia al-Sudani received Omani Minister of Transport, Communications and Information Technology Said bin Hamoud al-Maawali on Thursday, with the latter offering cooperation in the ports and airports sectors through investment.

A statement from his office stated that "Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud al-Maawali."

According to the statement, Al-Sudani expressed his "welcome to the Omani minister, sending his greetings to the Sultan of Oman," noting "the progress and advancement of the level of development, the labor sector, and investments in Iraq, including the communications sector, thanks to the political, security, and social stability and economic renaissance the country is witnessing."

The Prime Minister stressed that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two countries."

For his part, Al-Maawali praised "what has been achieved in Iraq on various fronts and reviewed the results of his discussions in Baghdad, affirming the readiness of his country's public and private sectors to cooperate with Iraq in the field of the digital economy and digital government. He also expressed his country's willingness to cooperate in the ports and airports sectors by investing in projects related to various Iraqi airports."   https://burathanews.com/arabic/news/458947

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 4-17-25

Good Evening Dinar Recaps,

OKX GOES LIVE IN THE US AFTER SETTING UP NEW HEADQUARTERS IN SAN JOSE, CALIFORNIA

The world’s sixth-largest crypto exchange by daily trading volume is now accessible to the American market.

In a statement, OKX says that it is accelerating its expansion in the US with the official launch of its centralized exchange and web3 wallet in the country.

The move enables existing OKcoin customers to migrate to the OKX platform, though new user registration won’t be available until later this year.

The Seychelles-based firm says the measured rollout will help ensure a secure onboarding process for customers.

OKX has also set up its headquarters in San Jose, California, and appointed former Barclays Investment Bank director Roshan Robert as the new US CEO as part of its US strategy.

Says Robert,

“This expansion in the United States is not only the expansion of the business map, but also a solemn commitment to ‘responsible growth’. In the face of the evolving regulatory environment, we are working closely with regulators and policymakers to ensure sound operation on a transparent and compliant basis.”

The exchange says it positions itself at the heart of Silicon Valley’s innovation system by setting up the new California headquarters.

“This strategic move strengthens OKX’s regional operations, enabling it to recruit top-tier talent, foster cutting-edge product development, and expand its presence in the world’s largest financial market.”

@ Newshounds News™
Source:  The Daily Hodl

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BRICS EXPANSION: 44 COUNTRIES READY TO JOIN ALLIANCE IN 2025

BRICS expansion could be a major topic of discussion as the total number of countries expressing interest in joining the alliance is growing in 2025. The 17th summit is scheduled to be held on July 7 and 8 in Brazil’s Rio De Janeiro. The 10-member bloc will decide the future of the alliance, and all decisions will be based on consensus.

A BRICS expansion in 2025 could also accelerate de-dollarization as more countries look to end reliance on the US dollar. Apart from the sanctions, Trump’s recent tariffs are also making emerging economies distrust the White House policies.

44 Countries Show Interest to Join BRICS as Expansion Talks Grow in 2025

Vietnam is the 44th country that has expressed interest in joining the alliance this month. China, Russia, and Iran are looking at BRICS expansion in 2025 while the other members are stepping back.

Russia and Iran are reeling under US sanctions making their economies remain under pressure and lose business deals. 

Out of the 44 countries, 23 nations have formally submitted their applications while 21 have informally expressed interest to join.

On the other hand, China wants to use the bloc as a stepping stone to dismantle the US dollar’s dominance.

Therefore, BRICS expansion in 2025 will only help China, Russia, and Iran as more countries will join the de-dollarization bandwagon. The decision to add more countries will be decided in the upcoming summit in Rio De Janeiro.

“Vietnam consistently pursues its foreign policy of independence, self-reliance and multilateralization and diversification of international relations, and being a trusted friend and responsible member of the international community,” said Vietnam’s Foreign Ministry’s spokesperson about the country’s interest in being a part of the BRICS expansion in 2025.

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 4-17-25

Good afternoon Dinar Recaps,

TRUMP SLAMS POWELL OVER RATE CUTS: ‘TOO LATE AND WRONG!’ CALLS FOR FED CHAIR’S REMOVAL

U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy.

He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow to act. Trump also mentioned in his post that oil prices and groceries, including eggs, have gone down and the US is benefitting from tariffs.

Trump Calls For Powell’s Termination

He notes that Powell should have acted sooner but he still needs to reduce the rates now. He also expressed frustration over Powell’s leadership, calling for his removal. “Powell’s termination cannot come fast enough!” he said.

In his Wednesday speech, Powell stated that the Fed would wait for more economic data before adjusting the interest rates. He also warned that the tariff policies could further push jobs off the track. Besides, he also added that the recent market volatility is a natural reaction to the administration’s shifting trade policies, and that is not something that the Fed requires to intervene.

“For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell said in his speech to the Economic Club of Chicago.

Powell’s Remarks Add to The Tensions

Powell said that the US tariffs could raise inflation and the public would end up paying for it. Trump also called Powell’s report ‘a complete mess’ and warned that Trump’s extensive tariffs on trade partners could force the Fed to make a difficult choice between tackling inflation and rising unemployment. 

Notably, these remarks further escalates the tensions between the White House and the Fed amidst a politically charged economic period.

Trump’s sweeping and unpredictable tariff policies have left the investors and trade partners unsettled and worrying over its potential impact on international trade. While Trump has urged Powell to cut rates, the Central Bank has held the interest rates steady at 4.25 to 4.5% since the start of the year.

@ Newshounds News™
Source:  Coinpedia

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CHINA IMPORTS RECORD AMOUNTS OF CANADIAN OIL, CUTS US PURCHASES

China has begun importing record amounts of Canadian crude oil while slashing purchases of US oil by roughly 90% amid a growing trade war. A pipeline expansion in Western Canada has presented China and other East Asian oil importers with expanded access to the vast crude reserves in Alberta’s oilsands region. The deal resumes China’s oil imports while allowing the country to avoid making a new oil deal with the USA.

According to data from Vortexa Ltd., Chinese crude imports from the port at the pipeline terminus near Vancouver surged to 7.3 million barrels in March. On the flip side, Chinese imports of US oil have collapsed to 3 million barrels a month from a peak of 29 million in June. 

“Given the trade war, it’s unlikely for China to import more US oil,” Wenran Jiang, president of the Canada-China Energy & Environment Forum, told Bloomberg. “They are not going to bank on Russian alone or Middle Eastern alone. Anything from Canada will be welcome news.”

Just yesterday, oil futures turned higher after Chinese officials signaled that they might be willing to engage with the U.S. However, those talks appeared to have reversed, as now the BRICS founder is working with Canada, another victim of US tariffs. China likely isn’t going for oil from the Middle East due to oil from Alberta being inexpensive compared to the Middle East.

While the oil price surge from China-US trade news gave a bit of relief, there are still significant challenges that remain in the market. The International Energy Agency just recently slashed its global oil consumption forecast, basically saying that supply additions will probably exceed demand. And those surprisingly large output increases that OPEC and its allies announced further complicate this whole situation. The trade war is streaming into the oil industry, causing countries like China to look for new options.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Thursday Morning 4-17-25

 Good Morning Dinar Recaps,

RIPPLE VS SEC LAWSUIT UPDATE: 60-DAY COURT PAUSE EXPLAINED

▪️The Ripple-SEC case is paused for 60 days, sparking speculation of behind-the-scenes developments.

▪️A crypto lawyer suggests Ripple and the SEC might be negotiating a settlement and seeking clarity on private token sales.

▪️The case's future hinges on potential agreements, Judge Torres' rulings, and could extend into late 2026 if no deal is reached.

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is taking yet another twist. While the U.S. Court of Appeals has agreed to pause the case for 60 days, this has sparked fresh speculation and raised new questions: Is something happening behind the scenes? Could a major shift be coming in one of crypto’s most closely watched legal fights?

Prominent crypto lawyer James Farrell has shared some insights that might offer clues – and they’re worth paying attention to.

Why the Pause?

According to Farrell, this pause may be a sign of major developments ahead. Both Ripple and the SEC asked for the pause together, which suggests they might be working on something behind closed doors.

Farrell says there are two possibilities in play: a potential settlement and an “indicative ruling” from Judge Analisa Torres. Ripple is hoping the judge will allow it to sell private tokens under certain conditions—something it’s currently not allowed to do because of past violations.

If Ripple isn’t allowed to sell tokens privately, it may not be able to go public any time soon. While other crypto companies might move ahead with IPOs, Ripple could be stuck waiting for years before launching its own.

Two Possible Paths Forward

Farrell explains that Ripple and the SEC might be considering two paths:

▪️Settlement Without Rule Change
Ripple could offer a settlement to the SEC. If the SEC accepts the deal but denies Ripple’s request to change the rules, the case would end. However, Ripple would still need Judge Torres to approve the rule change. That process could take another 3 to 6 months – and there’s no guarantee the judge would say yes.

▪️Full Agreement With Rule Change
In this option, the SEC agrees to both the settlement and Ripple’s request. The case would return to Judge Torres, who would then decide how to move forward. But even in this case, it could still take months, depending on how quickly the court acts.

How Soon Could This End?

If Ripple and the SEC reach a full agreement, the appeal could be dismissed as early as next month. But if Ripple has to file separately for rule changes, things could drag on much longer.

If no deal is made at all, the case could go back to the appeals court – possibly stretching the legal battle into late 2026 or even 2027.

The SEC is expected to make its next official move by June 15. Until then, both the crypto world and the legal community will be watching closely to see what happens next.

Ripple’s path forward might be uncertain, but the next few months could shape the future of crypto regulation in a big way.

@ Newshounds News™
Source:  Coinpedia

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CARDANO ENTERS BRAZIL THROUGH MAJOR UNIVERSITY COLLABORATION

The Cardano Foundation has formally announced a new partnership with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), a top-ranked Brazilian university renowned for its contributions to research and development.

The collaboration, revealed on April 15, will concentrate on the advancement and practical application of blockchain technology, specifically within the energy sector in Brazil.

Cardano Partners with Top Brazilian University

PUC-Rio is recognized as one of the top five private universities in the world for excellence in research and development, and it has a broad history of partnerships within the energy industry.

 The establishment of this collaboration follows previous cooperative efforts between PUC-Rio and the Brazilian state-owned enterprise Petrobras, as well as the Cardano Foundation’s own involvement with Petrobras on blockchain-driven initiatives.

Through this new endeavor, PUC-Rio’s Ledger Labs—a research group concentrating on the utilization of DLT in finance and business—will receive support from the Cardano Foundation to explore various aspects of blockchain implementation. 

According to official statements, the initial areas of focus will include blockchain economics, decentralized finance (DeFi), governance of decentralized autonomous organizations (DAOs), and digital assets.

“At the core of blockchain advancement are education and innovation. Through our collaboration with esteemed academic institutions like PUC-Rio, the Cardano Foundation ensures that the next generation of developers, industry leaders, and regulators can harness this transformative technology to its fullest potential—creating solutions that address real-world challenges and drive positive global impact,” Cardano Foundation CEO Frederik Gregaard commented.

The immediate emphasis of this alliance will be directed toward developing blockchain-based solutions that enhance production, consumption, and overall value chains in renewable energy fuels. Joint research and pilot projects in cooperation with Petrobras are expected to delve into specific methods of applying Cardano’s blockchain infrastructure to processes such as tracking and verifying energy outputs, optimizing workflows, and ensuring robust data integrity.

Ledger Labs at PUC-Rio will serve as the operational base for these studies. Leonardo Lima, Vice-Dean of the university and head of Ledger Labs, noted that the scope of the partnership will also encompass philanthropic endeavors geared toward social impact.

“Our partnership with the Cardano Foundation marks the beginning of the development of a series of use cases, not only in the energy industry but also in the field of philanthropy, with a focus on social impact projects,” he said.

Beyond the technological and scientific research, the partnership aspires to enrich PUC-Rio’s blockchain ecosystem by hosting joint events, supporting student-led social projects, and inviting other organizations to collaborate on emerging blockchain strategies. 

A significant part of this development will occur through A.L.B.A (Ada Labs for Blockchain Applications), an arm of Ledger Labs that is expected to integrate standards previously introduced at the Universidad Tecnológica Nacional (UTN) in Buenos Aires, Argentina.

The Foundation’s current expansion in Brazil reflects its growing footprint in the region. “Our partnership with PUC-Rio marks the Cardano Foundation’s second collaboration with a Brazilian entity this year. Last month, we announced our partnership with SERPRO, the world’s largest public IT company, and we have been collaborating with Petrobras, Brazil’s state-owned energy company, since 2023,” said Rafael Fraga, LATAM Business Development Lead for the Cardano Foundation.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

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