Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-22-25

Good Evening Dinar Recaps,

CIRCLE LAUNCHES 'CIRCLE PAYMENTS NETWORK'

The new network will use stablecoins such as USDC and EURC to help financial institutions facilitate global money movement and settlement.

USDC Issuer Circle Debuts Payments Network

Stablecoin firm Circle, issuer of USDC which currently has a market capitalization of roughly $61 billion, has launched “Circle Payments Network (CPN),” a collaborative group of financial institutions that use stablecoins to enable global movement and settlement of funds.

The company announced the network launch on Monday and said more than 20 financial institutions have already signed on. Circle listed companies such as remittance giant World Remit, Nigerian financial services firm Yellow Card, and crypto custody firm Fireblocks, as initial partners.

Large banks like Standard Chartered and Deutsche Bank will take on an advisory role, and more companies will be gradually added to the network.

CPN’s goal is to take advantage of the flexibility stablecoins offer to overcome current operational friction in cross-border payments. Circle says CPN will support remittances, invoice payments, treasury services, and payroll.

“Existing cross-border payments can be slow and expensive,” Circle said in an X post. “CPN is designed to bring efficiencies to the payments system. It is not just faster. It is programmable, secure, and always available.”

@ Newshounds News™
Source:   Bitcoin News

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TRUMP MEDIA TO LAUNCH ‘A SERIES’ OF ETFS IN NEW PARTNERSHIP WITH CRYPTO.COM

Trump Media and Technology Group (TMTG) announced Tuesday a collaboration with Crypto.com to introduce a series of exchange-traded funds (ETFs) under its Truth.Fi brand.

According to a new press release, the planned ETFs will focus on digital assets and securities, emphasizing a “Made in America” theme, marking TMTG’s entry into financial services.

The company stated that regulatory approval is still required, and the ETFs are expected to debut later this year.

Says TMTG CEO and Chairman Devin Nunes,

“This agreement is a major step forward in diversifying TMTG into financial services and digital assets. We’re gratified to work with great partners, Crypto.com and Yorkville America Digital, and look forward to bringing ETFs to the market for investors who believe both the American economy and digital assets are poised for tremendous growth.”

The partnership also includes Yorkville America Digital, an asset management firm specializing in ETFs and digital assets.

Crypto.com and Yorkville representatives both highlighted the growth potential of this venture.

Says Kris Marszalek, Co-Founder and CEO of Crypto.com,

“Crypto.com is the leading platform to bridge crypto and traditional finance, and this agreement is a testament to those capabilities.

This partnership gives the Trump Media ETFs global distribution powered by the Crypto.com platform. It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital.”

@ Newshounds News™
Source:  The Daily Hodl

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 4-22-25

Good Afternoon Dinar Recaps,

BRICS: US & INDIA FINALIZE TERMS OF REFERENCE FOR NEW TRADE DEAL

Despite the tensions between the nation and the BRICS alliance, the US and India have reportedly finalized terms of reference for a new trade deal. Indeed, US Trade Representative Jamieson Greer confirmed the major development amid US Vice President JD Vance’s visit to the country, according to a CNBC report.

Moreover, Greer noted that the United States and India’s Ministry of Commerce and Industry have clearly laid out “a roadmap for the negotiations on reciprocal trade.” The major headway was confirmed as Vance traveled to India, meeting with President Narendra Modi on Monday.

US Vice President Meets With Indian President as New Trade Deal Takes Step Forward

Since the start of April, tensions between the United States and the BRICS alliance have been growing. Specifically, the country is inching closer toward a trade war with China. Indeed, amid a series of sweeping global tariffs, they levied an import duty that could reach heights of 245% on China.

However, that hasn’t stopped allies within the economic alliance from seeking a new agreement with the country. Indeed, the US and India have reportedly finalized the terms of reference for a new trade deal. The development was made as US Vice President JD Vance visited the nation, meeting with President Narendra Modi.

According to reports, the two sides have made “significant progress” towards a new trade deal. Both world leaders made note of their “continued efforts” to grow their collaboration. Moreover, they championed the need for a “mutually beneficial India-US bilateral trade agreement.”

During the initial arrival of US President Donald Trump’s Liberation Day tariff plan, India was given a 26% reciprocal tariff. However, that was lessened when the administration announced a 90-day pause. Subseuqnlety, until it resumes, the nation is facing a 10% baseline tariff alongside all US trade partners.

@ Newshounds News™
Source:  Watcher Guru

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THE GREAT RESET JUST TOOK A MAJOR HIT

On the same day Pope Francis—known for his inclusive beliefs—passed away, another globalist fell: Klaus Schwab, the architect of the World Economic Forum's dystopian agenda, announced he was stepping down from the WEF board.

It marks the end of an era for Schwab, who championed radical wokeness, bug eating, mass vaccination campaigns, population control, and climate de-growth policies through what often resembled digital communism—social credit scores, central bank digital currencies, and many more China-like policies.

Meanwhile, cultural shifts across the Americas signal a rising movement toward traditional values, sending the WEF's ideological woke grip on governments, non-government organizations, corporations, the church, and society into disarray.

"Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect," Schwab wrote in a statement.

Schwab stepped down as executive chairman one year ago, with former Norwegian Foreign Minister Borge Brende taking over daily operations. WEF said Vice Chairman Peter Brabeck-Letmathe was appointed board chairman in the interim and that a search committee for replacement had been appointed.

WEF stated:

"At a time when the world is undergoing rapid transformation, the need for inclusive dialogue to navigate complexity and shape the future has never been more critical. The Board of Trustees of the World Economic Forum underlines the importance of remaining steadfast in its mission and values as a facilitator of progress. Building on its trusted role, the Forum will continue to bring together leaders from all sectors and regions to exchange insights and foster collaboration."

Schwab’s resignation also comes three months after President Trump told globalist CEOs at the WEF’s 2025 Annual Meeting in Davos, Switzerland, “America is back.” It also follows Trump and Elon Musk’s DOGE initiative, which nuked USAID programs that funneled billions of taxpayer dollars into corrupt NGOs.

Last month, Eric Weinstein made some very interesting comments at ARC 2025, indicating:

"The post-World War II order has fallen. JD Vance has announced this - I personally think it's very important that the US treat its friends in Europe very very well and it should be done in a fashion that lets people know that the US will be there for the long haul. I am sure that that is in the cards, but we have to realize that we are waking up from a very long period of time which I've called the "Great Nap"..."

Did Trump's MAGA derail Schwab's 'Great Reset' plans?

Looks like it. But globalists will rebrand. So stay tuned.

@ Newshounds News™
Source:  Vigilantfox

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-22-25

Good Morning Dinar Recaps,

PAUL ATKINS OFFICIALLY SWORN IN AS SEC CHAIR, SIGNALS SHIFT TO CRYPTO-FRIENDLY APPROACH

Paul Atkins was sworn in on Monday as the 34th Chairman of the US Securities and Exchange Commission (SEC), marking a significant shift toward a more crypto-friendly regulatory stance.

Atkins’ appointment signals a departure from former Chair Gary Gensler’s aggressive enforcement strategy against digital asset firms. In his opening remarks, Atkins reaffirmed the SEC’s mission to promote capital formation, ensure fair markets, and protect investors.

He emphasized the need for clear and consistent regulation, stating that his experience in both public service and the private sector has shown him how regulatory uncertainty can stifle innovation.

Atkins To Exit Patomak Following SEC Appointment And Crypto Focus

Atkins, who founded Patomak Global Partners in 2009 to help develop digital asset standards, pledged to step down from his role at the firm within 90 days. His nomination passed narrowly, with 52 Republican votes in favor and 44 Democrats opposing.

Senator Elizabeth Warren had previously pressed Atkins to disclose Patomak’s advisory work with crypto companies, including ties to the collapsed FTX exchange.

During his Senate confirmation, Atkins criticized previous regulatory approaches as overly complex and politicized. He committed to leading the SEC with what he described as a “rational and principled” framework, aimed at fostering innovation rather than hindering it.

Atkins takes over from Gensler, whose tenure was marked by numerous lawsuits against crypto firms for alleged securities violations.

Since Gensler’s departure, acting Chair Mark Uyeda and Commissioner Hester Peirce have already moved to dismiss many of these cases and eased oversight on sectors like meme coins and crypto mining.

Known for his strong Wall Street connections, Atkins’ financial disclosures revealed investments of up to $5 million in digital asset firm Off the Chain Capital LLC. With a combined net worth of approximately $327 million, Atkins becomes one of the wealthiest SEC chairs in recent history.

As the SEC transitions under Atkins’ leadership, it faces a backlog of over 70 crypto-related ETF applications involving assets like Solana, XRP, Dogecoin, and MELANIA. Bloomberg analyst Eric Balchunas summed up the sentiment on X, saying, “Gonna be a wild year.”

SEC Changes Crypto Enforcement Strategy

Last month, the SEC officially ended its investigation into Australian-based crypto gaming firm Immutable, bringing a significant chapter in the company’s regulatory journey to a close.

The SEC’s move to close the Immutable case is part of a broader trend in its crypto enforcement strategy. In recent months, the agency has also dropped investigations into other major crypto firms, including OpenSea, Uniswap, Robinhood, and Gemini.

To enhance regulatory clarity, the SEC has also launched a crypto-focused task force led by Commissioner Hester Peirce.

Meanwhile, Ripple is nearing the end of its own legal battle with the SEC. A March 26 update confirmed Ripple will not pursue a counter-appeal after the SEC agreed to drop its appeal earlier this month.

The company will pay a reduced fine of $50 million, down from the initially proposed $125 million.

@ Newshounds News™
Source:  99Bitcoins

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ECB FLAGS RISK OF FINANCIAL CONTAGION FROM US CRYPTO PUSH

The ECB is calling for changes to MiCA, only months after the regulatory framework was implemented.

The European Central Bank (ECB) raised an alarm over potential fallout from aggressive US support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system.

According to a policy paper seen by Politico, the ECB has asked for a revision of the Markets in Crypto-Assets Regulation (MiCA) regulatory framework for cryptocurrencies just months after it came into effect.

The concern is that US reforms backed by President Donald Trump could flood European markets with dollar-denominated stablecoins.

The ECB fears this could trigger a flight of European capital into US assets, undermining EU financial sovereignty and exposing banks to liquidity risks.

ECB and European Commission clash over MiCA rules

While the ECB calls for tighter controls, the European Commission dismissed the warnings as exaggerated, per the report.

The report, citing two diplomats and one EU official, said that the existing MiCA framework is robust enough to manage stablecoin risks despite potential US policies like the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS), two bills aimed at expanding America’s crypto footprint.

“The Commission was quite clear that they had different views on this topic,” and “not very many (countries) supported the idea that we should now jump the gun and start making quick changes in (the rules) based on this alone,” one of the diplomats reportedly told Politico.

The stablecoin sector now commands a valuation of $234 billion, according to data from CoinMarketCap.

The ECB warned that European issuers could face redemption pressures from EU and foreign holders without stricter limits, potentially sparking a financial “run” and harming exposed institutions.

“The worry is warranted,” Mikko Ohtamaa, co-founder and CEO at Trading Strategy, said in a post on X. “However, the EU had the first mover advantage with the regulation and they screwed it up.”

Ohtamaa said no EU stablecoin is globally competitive due to MiCA’s restrictive rules, which are influenced by bank and legacy finance lobbying.

Tether remains a major critic of MiCA
Tether, the issuer of the world’s largest stablecoin, USDt (USDT), has long been a critic of the EU’s MiCA regulation.

Last year, Tether CEO Paolo Ardoino argued that MiCA’s requirements, particularly the mandate for stablecoin issuers to hold at least 60% of reserves in EU bank accounts, could introduce systemic risks to both stablecoins and the broader banking system.

Due to noncompliance with MiCA, USDT has faced delistings from major European exchanges, including Coinbase, Crypto.com and Kraken.

@ Newshounds News™
Source:  CoinTelegraph

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“Tidbits From TNT” Tuesday Morning 4-22-2025

TNT:

Tishwash:  The Central Bank renews its warning against trading in withdrawn banknotes.

In recent years, this bank has observed the circulation of foreign banknotes from various countries, some of which are genuine and in circulation, others withdrawn from circulation, and some counterfeit. Such banknotes are used by unscrupulous outlaws to defraud citizens by luring them into exchanging them for Iraqi dinars at prices far exceeding their actual value.

They claim that exchanging them offers them significant profits and rare investment opportunities.

Therefore, the Central Bank of Iraq calls upon the public and the specialized security and regulatory agencies to monitor these matters and refrain from handling these banknotes. They should focus on Iraqi banknotes and those handled by the Central Bank of Iraq and the banking system, to avoid falling prey to outlaws.

Central Bank of Iraq

Media Office  link

Foreign banknotes withdrawn from circulation

Tishwash:  Federation of Chambers of Commerce: Visit of American companies resulted in a regulatory work agreement for the private sector

The Federation of Iraqi Chambers of Commerce affirmed on Monday that the visit of American companies is a message to the world that Iraq is a safe environment. It also explained that the visit resulted in an agreement on a regulatory framework for the private sector.

Abdul Razzaq Al-Zuhairi, head of the General Federation of Iraqi Chambers of Commerce, told the Iraqi News Agency (INA): “The visit of American companies to Iraq to invest and work with Iraqi businessmen is a positive and important step for Iraq.”

He explained that "Iraq is a fertile environment, and the visits of American companies to Iraq are a positive message to all countries of the world that Iraq is a safe environment."

He added, "American companies have signed numerous agreements with the Iraqi private sector in the fields of electric power and renewable energy. The most important memorandum is the signing of a regulatory framework between the Iraqi and American private sectors by the American Chamber of Commerce and the Iraqi Chamber of Commerce."

He pointed out that "a number of American companies have signed agreements with the private sector, most notably the global company Google, which is seeking to enter Iraq. Its representative came and wrote a positive message about Iraq, stating that Iraq is safe, which is an important message to the world  link

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Tishwash:  An expert identifies the missing link to diversifying sources of income and achieving economic reform.

Economic expert Qusay Safwan identified the missing link in the path to diversifying sources of income and achieving economic reform in Iraq. He noted that controlling corruption begins with the banking sector and is linked to understanding revenue risks and the behavior of the Iraqi dinar at border crossings.

During his appearance on the "Free Talk" program on Al Furat TV channel this evening, Safwan explained that "economic diversification cannot be achieved without regulating these outlets, which are a tool for protecting local production and developing investment." He indicated that "reforming the financial sector requires rehabilitating banks through mergers, partnerships, and specialization."

He stressed that "these goals are still far off, and the real beginning lies in developing the human resources working in the banking sector, especially since most Iraqi banks focus their grants on the housing sector."

Safwan explained that "the Central Bank's policy is geared toward supporting financial inclusion, as 40% of individuals use electronic banks, a matter linked to suspicions of money laundering." He called for "providing incentives to credit card holders and motivating them through tax exemptions and import facilitation, which would enhance the conversion of the dinar into hard currency through the Central Bank."

He pointed out that "the Central Bank alone cannot reform the Iraqi economy in light of the lack of control over border crossings and the citizens' lack of trust in banks," emphasizing that "investing in technology is costly, but necessary and yields tangible benefits for shops and businesses."

Safwan revealed that "Iraq has $100 billion in the US Federal Reserve," emphasizing "the need to eliminate intermediaries and build a direct relationship between producers and consumers," warning that "corruption is greater than the support available at the outlets."

He added, "Private banks were established as joint-stock companies, and their shares are now denominated below the dinar mark and are available to all." He called on the Central Bank to "address the dispute between it and the Companies Registrar regarding dividend distribution, which is prompting small shareholders to sell their shares to major investors."

Safwan concluded by saying, "Government banks need a comprehensive restructuring to drive development and create investment portfolios for agricultural, industrial, and commercial cities." He also highlighted the need to integrate the local market with global markets, similar to the Gulf banks, and attract $350 billion domestically. link

Mot: Warning -- Warning --- Warning --- 

Mot:  and the Problem Is???? 

MilitiaMan & Crew: Iraq dinar-News-WTO data-International Companies-Airline Travel-Security & Stability-Exchange Rate

MilitiaMan & Crew:  Iraq dinar-News-WTO data-International Companies-Airline Travel-Security & Stability-Exchange Rate

4-21-2025

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=zAT8STwArZo

Seeds of Wisdom RV and Economic Updates Monday Evening 4-21-25

Good Evening Dinar Recaps,

INCOMING SEC CHAIR TO WEIGH MORE THAN 70 CRYPTO ETF FILINGS—INCLUDING SOLANA AND XRP

Spot crypto ETFs are currently limited to Bitcoin and Ethereum in the U.S., but analysts expect new approvals this year.

▪️Incoming SEC Chair Paul Atkins will have more than 70 crypto ETF hopefuls to review when he begins in the role.

▪️Funds pegged to Dogecoin, Pengu, Solana, XRP, and the Melania meme coin are all in the mix.

▪️After punting on XRP ETFs in March, the agency can delay its final decision until mid-October.

Incoming SEC Chair Paul Atkins will have an avalanche of crypto-related applications to sift through when he officially takes control of the regulator.

Hopeful issuers now await feedback on 72 crypto-linked exchange-traded funds in the U.S., including requests to list options, according to Bloomberg ETF analyst Eric Balchunas.

“Gonna be a wild year,” he said on X, formerly Twitter, on Monday, noting ETF hopefuls have positioned themselves to offer funds for assets ranging from Solana to the first lady’s meme coin.

Atkins was confirmed as U.S. President Donald Trump’s pick to lead the Securities and Exchange Commission by a full Senate vote around two weeks ago. His swearing-in ceremony is expected to take place soon, marking an official start to the SEC’s push to regulate crypto collaboratively under new leadership.

Although Atkins was a proponent of deregulation during his previous stint at the SEC, analysts say the crypto-friendly veteran may have to make a few first-time calls, specifically when it comes to which cryptocurrencies can be approved for listings as commodity-based trusts.

Balchunas did not immediately respond to a request for comment from Decrypt.

Last year, the SEC approved spot Bitcoin and Ethereum ETFs under former SEC Chair Gary Gensler. While the approvals represented a landmark moment for the crypto industry, it raised deeper questions about which cryptocurrencies should be regulated as commodities, and therefore be allowed to trade on Wall Street in a similar fashion to assets like gold.

In total, asset managers are looking for feedback on applications tied to 15 different cryptocurrencies beyond Bitcoin and Ethereum. Those include applications centered on digital assets with large valuations like Solana, Dogecoin, and XRP—alongside relatively nascent ones like the Solana-based tokens Bonk, Pengu, and Official Trump.

Under Acting SEC Chair Mark Uyeda, the agency has chipped away at some regulatory uncertainty. In February, the SEC said that it generally doesn’t consider meme coins to be securities, but it didn’t advise whether they were fitting for Wall Street wrappers.

For assets like XRP, the SEC won’t be forced to make a decision immediately after Atkins takes the reins at the agency. After punting on XRP ETFs in March, the agency can delay its final decision until mid-October.

@ Newshounds News™
Source:  Decrypt

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BRICS: CHINA UNVEILS FIRST GOLD ATM: MELTS AND CONVERTS GOLD

BRICS member China has unveiled the world’s first Gold ATM that melts, tests, and converts gold into instant bank transfers. The ATM has already witnessed long queues of people trying to sell off their generational gold. Users need to book an appointment to use it, and according to early reports, appointment slots are full until as late as May.

The Gold ATM is operated by China’s Kinghood Group and is installed at a mall in Shanghai. The machine weighs, checks the quality, and analyses the Gold before dispensing the money equivalent to the price that was put in. The ATM is designed to accept gold items of over three grams with a purity of at least 50 percent.

“The introduction of smart gold ATMs primarily serves a recycling function from a business perspective. This reflects the fact that, with rising gold prices, the value of gold held by the public has increased significantly, leading to a stronger desire to cash out,” Wion quoted Xu Weixin, a member of the Shanghai Gold Association, as saying. “There is still strong upward momentum for gold, mainly driven by central banks and institutional investors accelerating their gold purchases.”

XAU/USD Surges to All-Time High as China Begins Using Gold ATM

Furthermore, the development from China also comes as Gold prices globally are skyrocketing. Indeed, the precious metal touched the historic milestone of $3,400 on Monday.

The XAU/USD index, which tracks the performance of the precious metal, showed the commodity surging 70 points, spiking more than 2% in the day’s trade. The Spot Gold prices have risen close to 30% year-to-date, generating stellar returns to investors.

Commodity traders who took an entry position this year are all enjoying profits as the metal is heading north. This is the highest the glittery metal has surged in the last four months since 2010.

The steady yet unending accumulation of gold, as well as China’s new Gold ATM, could send its prices higher by the end of 2025. Senior Bloomberg strategist Mike McGlone recently predicted that the metal could soon hit the $4,000 mark next.

 “We’re putting in a pretty good base now around $3,000,” McGlone said. “It’s going to head into $4,000, the question is time. Anything in between there is for the traders, which I used to do.”

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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More “Iraq News” Posted by Clare at KTFA 4-21-2025

KTFA:

Clare:  APIKUR Pushes for Written Agreements in Ongoing Kurdistan Region Oil Export Negotiations

4/20/2025   ERBIL  —

Member companies of the Association of the Petroleum Industry of Kurdistan (APIKUR) reiterated their call for formal written agreements during the latest round of discussions with Iraqi and Kurdistan Regional Government (KRG) officials over the resumption of oil exports via the Iraq-Turkey pipeline.

The meeting, held on April 20, focused on the necessary conditions to restart oil flows that have been suspended for over a year. While all sides presented their positions on a range of technical and legal matters, no final agreements were reached.

APIKUR member companies emphasized the need for fair implementation of Iraq’s federal budget law, especially regarding the role and responsibilities of an independent consultant tasked with overseeing oil production and exports. They also stressed that any future arrangements must not infringe on existing contracts with international oil companies (IOCs), which have been upheld by Iraqi courts.

Crucially, APIKUR is seeking written agreements that provide clear guarantees on payment terms and the settlement of outstanding arrears. According to a statement from the organization, the member companies "did not receive satisfactory assurances" on these key issues during Saturday's meeting.

In an effort to move the talks forward, several APIKUR members have submitted draft sales and lifting agreements, along with detailed recommendations for the independent consultant’s scope of work, to both KRG and federal Iraqi officials.

Despite the lack of immediate progress, APIKUR reaffirmed its readiness to resume exports—contingent on securing signed agreements that protect the fiscal and economic terms of their existing contracts.

The talks come amid growing pressure to resolve the impasse, which has had significant financial implications for both the federal and regional governments, as well as oil companies operating in the Kurdistan Region.  LINK

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Donald J. Trump  @realDonaldTrump

 Since our announcement of LIBERATION DAY, many World Leaders and Business Executives have come to me asking for relief from Tariffs. It’s good to see that the World knows we are serious, because WE ARE!

They must right the wrongs of decades of abuse, but it won’t be easy for them. We must rebuild the Wealth of our Great Country, and create true RECIPROCITY.

But for those who want the easiest path: Come to America, and build in America!

Donald J. Trump   @realDonaldTrump

NON-TARIFF CHEATING:

1. Currency Manipulation
2. VATs which act as tariffs and export subsidies
3. Dumping Below Cost
4. Export Subsidies and Other Govt. Subsidies
5. Protective Agricultural Standards (e.g., no genetically engineered corn in EU)
6. Protective Technical Standards (Japan’s bowling ball test)
7. Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year)
8. Transshipping to EVADE Tariffs!!!

Apr 20, 2025, 5:13 PM

https://truthsocial.com/@realDonaldTrump

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Clare:  Al-Sudani acknowledges the "actual" realization of the budget deficit

4/21/2025

Iraqi Prime Minister Mohammed Shia al-Sudani acknowledged on Monday that the federal budget deficit has been realized.

In his speech during a meeting with the head and members of the Dhi Qar Provincial Council, as reported by Shafaq News Agency, Al-Sudani said, "In our government, the budget deficit has actually appeared to achieve accomplishments, and there is efficiency in spending, performance, and work, while the previous deficit was planning."

He added, "Our government has arranged the spending mechanism according to the principle of the most important, then the important, and we have worked in many sectors and achieved positive results," indicating, "In the 2024 budget, (156) trillion dinars were spent out of (213) trillion planned, including (90) trillion for salaries, (40) trillion for operational, and (13) trillion for ministries and governorates' projects."

Last year's budget amounted to 211 trillion dinars, with revenues estimated at 144 trillion and 336 billion dinars, while expenditures amounted to 210 trillion and 936 billion dinars, and the deficit was 63 trillion and 599 billion dinars.   LINK

Clare:  Al-Sudani's advisor: Iraq's foreign exchange reserves are fine.

4/21/2025- Baghdad

 The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Monday that Iraq's foreign exchange reserves cover 100% of the national currency.

Saleh said, "Iraq's foreign currency reserves still have the capacity to cover 100% of the national currency issued, and that commercial efficiency has been achieved."

He added, "These reserves still cover the country's imports for three months, and therefore foreign reserves are considered stable." He pointed out that the development of the optimal external use of foreign currency is achieved through a careful balance between the role of these reserves in maintaining the foreign purchasing power of the dinar and the stability of the exchange rate, and the standard of reserve efficiency, which is one of the functions of monetary policy as an independent body in achieving its goals of monetary stability and economic development.

On March 31, 2025, the Central Bank of Iraq revealed that the central bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when they reached 145.64 trillion dinars.

 The Central Bank confirmed that the reason for the decline in foreign reserves is due to the rise in domestic public debt, which is intended to cover the real deficit in the state's general budget. LINK

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Clare:  KRG Shifts “My Account” Salary Banking Project to Ministry of Finance

By Dler Mohammed    ERBIL — 

In a strategic move aimed at streamlining the salary distribution system, Kurdistan Region Prime Minister Masrour Barzani has issued a directive to transfer the management of the “My Account” banking initiative for public sector salaries to the Kurdistan Regional Government’s (KRG) Ministry of Finance and Economy.

The decision was officially confirmed on Sunday, in a formal statement signed by Omed Sabah, Head of the Council of Ministers' Office. According to the statement, the transfer of responsibility is based on Barzani’s order to ensure compliance with the legal and procedural standards of Iraq’s Federal Central Bank.

Under this shift, the Ministry of Finance will now oversee the implementation and administration of the “My Account” project, which is designed to deposit government employee salaries directly into individual bank accounts. The ministry is also tasked with ensuring that the project aligns with federal banking laws and regulations, safeguarding public servants' accounts' financial integrity and privacy.

The “My Account” initiative—Hajmari Min in Kurdish—was originally managed by a specialized team reporting to the Council of Ministers. It was launched as part of broader reform efforts by the KRG to modernize its payroll system, increase transparency, and reduce corruption related to salary disbursements.

By transferring authority to the Ministry of Finance, the government aims to centralize oversight, improve efficiency, and establish a more permanent institutional framework for the project. The move reflects a broader commitment to fiscal reform and digitization within the public sector, consistent with global standards for financial governance.

The transition also addresses concerns about regulatory compliance, particularly regarding federal oversight and banking law adherence—critical for ensuring continued coordination with Iraq’s financial institutions and international banking partners.

As the Ministry of Finance assumes full control of “My Account,” it is expected to roll out additional measures to protect user data and enhance the platform’s accessibility and reliability for tens of thousands of government employees across the Kurdistan Region.  LINK

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Clare:  Rafidain Bank announces the third issuance of national investment bonds.

 4/21/2025 

In line with the directives of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank is offering citizens and investors a unique investment opportunity through the third issue of national bonds, which will be offered for subscription from April 20, 2025, until May 20, 2025, in two categories that generate fixed and rewarding returns:

Details of the offered bonds:
 1. Investment bond worth (500,000) five hundred thousand dinars
 • Annual return: 8%
 • Investment period: two years
 • Interest payment: every six months
 2. Investment bond worth (1,000,000) one million dinars
 • Annual return: 10%
 • Investment period: four years
 • Interest payment: every six months

Why invest with us?
 • A guaranteed and fixed return higher than traditional banking returns
 • A national investment supported by the state through the Ministry of Finance and the Central Bank
 • An ideal opportunity for savers and those looking for a safe investment
 • Available to individuals and companies

We invite you to seize this lucrative investment opportunity by visiting the nearest Rafidain Bank branch in Baghdad and the governorates to submit a purchase request and benefit from the benefits of this issuance.  LINK

Fed’s $2T Bailout is Prepped - Banks Will Echo WW2 Era

Fed’s $2T Bailout is Prepped - Banks Will Echo WW2 Era

Daniela Cambone:  4-21-2025

“It ends with the banks looking like they did at the end of World War II... half of their book was government bonds,” says R. Christopher Whalen, investment banker and author.

In a conversation with Daniela Cambone, he breaks down the systemic risks emerging in the treasury market. “Today the treasury market is basically a carry trade with a lot of hedge funds using 100 to 1 leverage.

That’s the market for treasury debt,” he explains, pointing to the fragility of the current system.

Whalen also argues that the Bretton Woods framework has eroded and that the dollar’s dominance is waning.

“This dollar Imperium has run its course.” He believes central banks — including the U.S. Federal Reserve — should diversify their reserves to include gold alongside major currencies like the dollar, euro, and yen.

He views gold as a strategic reserve asset with untapped financial utility. “I hope... the BIS is going to recognize gold as a high-quality liquid asset... it would become eligible to be collateral in swaps,” he says.

Key Topics:

President Trump and Powell were going to cross swords.

The Fed struggles to manage the economy and rates.

Multifamily real estate is the subprime today.

The Fed should be holding gold.

The dollar is attractive because of our marketplace.

National debt has tripled in 15 years.

Chapters:

 00:00 Trump and Powell

 4:26 US dollar

 5:31 Andrew Jackson

 7:43 Weaker dollar

8:59 High inflation

 9:38 Treasury market

11:44 Banking system

12:27 Financial system reset

 14:56 Gold

19:46 Housing market

21:21 National debt

 25:58 BRICS

26:58 Concluding words

https://www.youtube.com/watch?v=usb2PgiHF6o

Iraq Economic News and Points to Ponder Monday Afternoon 4-21-25

The Deputy Speaker Of Parliament Offers His Condolences To The Vatican And All Christians Around The World On The Passing Of The Holy Father.

Monday, April 21, 2025 | Politics Number of reads: 103  Baghdad / NINA / Deputy Speaker of Parliament Shakhwan Abdullah Ahmed offered his condolences to the Vatican and all Christians in the world on the death of His Holiness Pope Francis.

The Deputy Speaker of Parliament said, according to a statement by his media office: "With great sadness, we received, today, the news of the death of His Holiness Pope Francis."

Shakhwan Ahmed offered his deepest condolences and sincere sympathy to the Vatican and to all Christians in the world on this painful occasion, praising his religious and humanitarian career and his great role in promoting dialogue between religions and cultures, asking God Almighty to grant his soul tranquility and eternal rest, and to inspire his loved ones and supporters with patience and solace. /End https://ninanews.com/Website/News/Details?Key=1199178

Iraq Is The Second Most Developed Country In The World For Oil Pipelines.

Energy  Economy News – Baghdad  Iraq ranks second globally in oil pipeline development, after China, according to a Washington-based US energy agency.

The unit stated in a report that "Iraq ranked second after China among the countries with the most developed oil pipelines by the end of 2024, with a total of 4,010 kilometers."

She added, "Of this total, 1,155 kilometers are currently under construction, while the proposed pipelines are estimated at 2,855 kilometers."

Iraq continues to remove mines obstructing oil and gas pipelines, alongside plans by the Iraqi Ministry of Oil to implement a third offshore pipeline project with a capacity of two million barrels per day. This pipeline aims to export Iraqi crude oil from the Faw reservoirs to the Faw oil port.

The country currently has 15 crude oil pipelines, totaling 2,090 miles, and 10 petroleum product pipelines, totaling 1,530 miles.   https://economy-news.net/content.php?id=54659

Rafidain Bank Announces The Third Issuance Of National Investment Bonds.

Time: 2025/04/21 Reading: 120 times  In line with the directives of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank is offering citizens and investors a unique investment opportunity through the third issue of national bonds, which will be offered for subscription from April 20, 2025, until May 20, 2025, in two categories that generate fixed and rewarding returns:

Details of the offered bonds:
1. Investment bond worth (500,000) five hundred thousand dinars
• Annual return: 8%
• Investment period: two years
• Interest payment: every six months
2. Investment bond worth (1,000,000) one million dinars
• Annual return: 10%
• Investment period: four years
• Interest payment: every six months

Why invest with us?
• A guaranteed and fixed return higher than traditional banking returns
• A national investment supported by the state through the Ministry of Finance and the Central Bank
• An ideal opportunity for savers and those looking for a safe investment
• Available to individuals and companies

We invite you to seize this lucrative investment opportunity by visiting the nearest Rafidain Bank branch in Baghdad and the governorates to submit a purchase request and benefit from the benefits of this issuance.   LINK

 

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

“Tidbits From TNT” Monday 4-21-2025

TNT:

Tishwash:  What is the importance of American companies visiting Iraq?

The Federation of Iraqi Chambers of Commerce affirmed on Monday that the visit of American companies is a message to the world that Iraq is a safe environment. It also explained that the visit resulted in an agreement on a regulatory framework for the private sector.

Abdul Razzaq Al-Zuhairi, head of the Federation of Iraqi Chambers of Commerce, said, "The visit of American companies to Iraq to invest and work with Iraqi businessmen is a positive and important step for Iraq."

He explained that "Iraq is a fertile environment, and the visit of American companies to Iraq is a positive message to all countries of the world that Iraq is a safe environment."

He added, "American companies have signed numerous agreements with the Iraqi private sector in the fields of electric power and renewable energy. The most important memorandum is the signing of a regulatory framework between the Iraqi and American private sectors by the American Chamber of Commerce and the Iraqi Chamber of Commerce."

He pointed out that "a number of American companies have signed agreements with the private sector, most notably the global company Google, which is seeking to enter Iraq. Its representative came and wrote a positive message about Iraq, stating that Iraq is safe, which is an important message to the world."  link

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

Tishwash:  Representatives of the Iraqi oil ministry, KRG, and APIKUR meet in Erbil, April 20, 2025.

A trilateral meeting was convened in Erbil on Sunday among representatives of the Iraqi Ministry of Oil, Kurdistan Regional Government (KRG), and the Association of the Petroleum Industry of Kurdistan (APIKUR) to address critical issues concerning the Kurdistan Region's oil sector, with a primary focus on resuming oil exports. Omid Sabah, Chief of Staff of the KRG Council of Ministers, stated that discussions involved the operational activities of oil companies and explored mechanisms to facilitate the restart of exports. 

The meeting also considered the challenges and proposals presented by these companies to create a conducive environment for resuming oil exports promptly.​

Despite the Iraqi Parliament's approval of amendments to the federal budget law on February 2, 2025, particularly Article 12 concerning the resumption of Kurdistan's oil exports, disagreements between the federal government and the KRG have hindered the implementation of these provisions. The amendments stipulate that the federal Ministry of Finance will compensate the KRG for production and transportation costs of oil delivered to the State Oil Marketing Organization (SOMO). An international technical advisory body, to be appointed jointly by the federal and regional governments, was tasked with determining the fair cost of production and transportation for each oil field within 60 days of the law's enactment. However, this deadline has passed without an agreement, prompting concerns from Iraqi lawmakers.​

Adnan al-Jaberi, Deputy Chairman of the Iraqi Parliament's Oil and Gas Committee, emphasized that the 60-day period to select a consulting firm has expired without consensus. He noted that, in the absence of agreement, the federal government reserves the right to unilaterally appoint the advisory body.​

Meanwhile, oil production companies operating in the Kurdistan Region have expressed skepticism toward the Iraqi Ministry of Oil. These companies demand the settlement of outstanding payments for past production, advance payments, and future guarantees as prerequisites for resuming export operations.​

The halt in oil exports since March 2023, following a ruling by the International Chamber of Commerce in Paris, has significantly impacted the Kurdistan Region's economy, leading to delays in public sector salaries and reductions in essential services. Baghdad is under increasing pressure to resolve these disputes to restore financial stability and economic growth across Iraq.​

As negotiations continue, the resumption of oil exports remains contingent upon resolving contractual disagreements, ensuring fair compensation for production and transportation costs, and rebuilding trust between the federal government and oil companies operating in the region.

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

Tishwash:   The Central Bank launches the virtual bank project.

The Central Bank of Iraq announces its adoption of a project to launch a virtual bank in Iraqi universities. This is the first virtual bank to be established in an Iraqi university. The first phase will be held at Al-Muthanna University, which hosted a comprehensive exhibition held on the sidelines of the second scientific conference "Artificial Intelligence and Labor Market Requirements."

The conference was organized by the University's College of Administration and Economics, in cooperation with Mansoura University of Egypt, the Central Bank of Iraq, the Muthanna Chamber of Commerce, and the Muthanna Chamber of Industry.

The exhibition included pavilions representing a group of banks and companies, as well as displays of fine art and heritage.

The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience by simulating the work of financial institutions and adopting international best practices.

It also aims to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the aim of strengthening financial inclusion plans.

Central Bank of Iraq
Media Office
April 20, 2025  link

Mot: Those Voices in da Head!! -- Always important to Listen to um - Ya Knows!!!

Mot: .... Just uns Perspective Fer Sure!!! 

Seeds of Wisdom RV and Economic Updates Monday Morning 4-21-25

Good Morning Dinar Recaps,

CARDANO FOUNDER SAYS BUTERIN’S NEW ETHEREUM PROPOSAL ‘MAKES SENSE’

A fleeting exchange on social media has drawn two of the crypto sector’s most prominent protocol architects into unexpected alignment. On Sunday, Cardano creator Charles Hoskinson replied to a technical blog post from Ethereum co‑founder Vitalik Buterin with a terse endorsement: “It makes sense, we are using RISC V with BitVMX. It’s the future.”

Buterin’s Latest Proposal For Ethereum

The comment was triggered by Buterin’s newly published “Long‑term L1 execution layer proposal” on the Ethereum Magicians forum, where he argues that Ethereum should abandon the Ethereum Virtual Machine (EVM) in favour of the open‑source RISC‑V instruction‑set architecture.

In the proposal Buterin calls the idea “equally as ambitious as the beam‑chain effort is for the consensus layer,” contending that a RISC‑V transition would “greatly improve the efficiency of the Ethereum execution layer, resolving one of the primary scaling bottlenecks,” while also simplifying the core codebase. He stresses that the familiar account model and opcodes “would stay exactly the same,” explaining that opcodes such as SLOAD, SSTORE and CALL would be exposed to contracts as RISC‑V syscalls.

“Old‑style EVM contracts will continue to work and will be fully two‑way interoperable with new‑style RISC‑V contracts,” he adds, sketching implementation paths that range from a dual‑VM environment to a more radical interpreter‑based migration.

Buterin’s technical motivation centres on the cost of proving EVM execution inside zero‑knowledge circuits. He points to measurements from Succinct’s ZK‑EVM showing that four tasks—deserialising inputs, initialising the witness database, computing state roots and executing blocks—consume the bulk of prover cycles.

The last of those, block execution, alone accounts for roughly half of total proving time. “Some numbers suggest that in limited cases, this could give efficiency gains over 100 ×,” Buterin writes, suggesting that direct access to a RISC‑V virtual machine could eliminate the overhead of compiling the EVM into RISC‑V for ZK proof generation. He argues that even if pre‑compiles become the new bottleneck, the shift would still produce “very significant” performance wins.

Cardano’s Use Of RISC‑V

Hoskinson’s swift assent carries weight because Cardano has been building around the same architecture. The network’s extended UTxO model is now being paired with BitVMX FORCE, a collaborative effort designed to let Cardano dApps tap into Bitcoin’s liquidity and decentralised‑finance activity.

BitVMX emulates a general‑purpose CPU for Bitcoin using RISC‑V, which in turn lets Cardano’s domain‑specific languages—Plutus and the low‑level Aiken—compile contracts that run seamlessly on either chain. By adopting the same instruction set for its off‑chain circuits,

Cardano hopes to render zero‑knowledge proofs more efficient and to facilitate cross‑chain functionality without resorting to trusted bridges.

RISC‑V’s appeal is two‑fold. As an open specification it avoids licensing constraints while offering implementers freedom to add extensions; at the same time, it’s simple, orthogonal design is friendlier to zero‑knowledge proof systems than the EVM’s eclectic opcode catalogue or Bitcoin’s austere script. 

Hoskinson’s “It’s the future” therefore describes not merely Cardano’s roadmap but a growing industry trend, now echoed inside Ethereum’s own research circles.

Whether Ethereum’s highly conservative core‑dev process will embrace Buterin’s proposal remains uncertain. The Beacon‑chain merge, the Cancun/Deneb upgrade and the push toward statelessness already crowd the execution‑layer agenda.

Yet the fact that both a UTXO‑based competitor and the originator of account‑based smart contracts now cite RISC‑V as the optimal long‑term target suggests that the argument will not dissipate quickly. As Buterin concludes, stripping the base layer to “well within” ten thousand lines of code may require “this kind of radical change.”

@ Newshounds News™
Source:  Bitcoinist

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SOUTH KOREA'S CENTRAL BANK VOWS TO 'ACTIVELY PARTICIPATE' IN STABLECOIN LEGISLATION DEVELOPMENT

▪️The Bank of Korea said it will actively participate in developing stablecoin regulations to prevent potential risk to monetary and financial stability.

▪️The country is working on the second part of its crypto legislation, which is set to focus on stablecoins and transparency requirements for crypto services.

The Bank of Korea said it will "actively participate" in the country's efforts to build a regulatory framework for stablecoins in order to mitigate potential monetary and financial risks.

"Unlike general virtual assets, stablecoins inherently possess characteristics of a payment measure," the BOK said in a payment systems report on Monday. "If their usage expands, they could … undermine the effectiveness of monetary policies."

The central bank also pointed out that stablecoins could transmit risks from crypto-related crises to the traditional financial market, threatening financial stability and the integrity of payment and settlement systems.

"The [Bank of Korea] intends to present its views on the desirable direction of stablecoin regulation from a central bank perspective," the bank said.

South Korea is currently developing a follow-up legal framework to its inaugural crypto law, which took effect in July 2024 and focuses heavily on protecting crypto investors by setting stricter requirements for exchanges.

The second bill is set to establish a regulatory framework for stablecoins and provide clearer classifications for crypto service providers, along with rules for more transparent token listings and disclosures, the BOK said in its report.

South Korea's Financial Services Commission previously announced that it would start drafting the legislation in the second half of this year.

The BOK report suggested that the country had 18.25 million crypto investors as of December 2024, which is more than 35% of its current total population. The top five exchanges in South Korea see an average daily trading volume of around $12.1 billion.

In a parallel effort, the BOK is testing its central bank digital currency with participation from citizens, retail shops and local banks to determine its commercial feasibility. Local news outlets reported that the central bank's planned second-stage trial, set for October, will explore peer-to-peer transfers of the CBDC.

@ Newshounds News™
Source:  The Block

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