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Iraq Economic News And Points To Ponder Monday Afternoon 4-28-25

Last Week, Iraq's Oil Exports To The US Increased By 170,000 Barrels Per Day

Economy | 01:47 - 04/27/2025  Mawazine News - Follow-up  Iraq's oil exports to the United States rose last week. The U.S. Energy Information Administration said Sunday that "U.S. crude oil imports from ten major countries averaged 4.831 million barrels per day last week, down 255,000 barrels per day from the previous week's average of 5.086 million barrels per day."

Last Week, Iraq's Oil Exports To The US Increased By 170,000 Barrels Per Day

Economy | 01:47 - 04/27/2025  Mawazine News - Follow-up  Iraq's oil exports to the United States rose last week. The U.S. Energy Information Administration said Sunday that "U.S. crude oil imports from ten major countries averaged 4.831 million barrels per day last week, down 255,000 barrels per day from the previous week's average of 5.086 million barrels per day."

"Iraq's oil exports to the US averaged 170,000 barrels per day, up from 136,000 barrels per day the previous week," the agency added. The agency noted that the largest portion of US oil revenues last week came from Canada, with 3.258 million barrels per day, followed by Mexico, with 381,000 barrels per day, Saudi Arabia, with 298,000 barrels per day, and Ecuador, with 189,000 barrels per day.

The agency continued, "US crude oil imports from Colombia averaged 178,000 barrels per day, Nigeria averaged 155,000 barrels per day, Venezuela averaged 146,000 barrels, Libya averaged 29,000 barrels per day, and Brazil averaged 28,000 barrels per day."  https://www.mawazin.net/Details.aspx?jimare=260931 

The Central Bank Announces The Launch Of The Arab Financial Inclusion Week 2025.
 
April 27, 2025      Under the slogan "Promoting the Integration of People of Determination and Vulnerable Groups into the Formal Financial System,"
 
Financial Inclusion Week activities in Iraq kicked off this morning, Sunday, April 27, and will continue until May 5 of this year.
 
These activities are in line with the  Central Bank of Iraq's efforts to  promote financial inclusion in society and  raise financial and banking awareness among various segments of society,
especially those least benefiting from formal financial services.
 
This contributes to supporting economic and social development and achieving sustainability.
 
    This week's activities include workshops, exhibitions, direct awareness campaigns, and field trips aimed at spreading financial literacy across bank branches and financial institutions spread across all governorates.
 
Activities will also be organized outside of branch locations in coordination with the Islamic Banks Association, the Private Commercial Banks Association, and the "We Will Reach You" and "I Spend It" campaigns, both approved by the Central Bank.   https://cbi.iq/news/view/2864  

The Central Bank concludes the Certified Bank Branch Manager course.
 
April 27, 2025   The Center for Banking Studies at the Central Bank of Iraq concluded the
"Certified Bank Branch Manager (CBBM)" course.
 
The course targeted
 
     branch managers and their assistants,
     executive management, and
     sales,
     marketing, and
     customer service managers.
 
The course's training program included  "Managing daily banking operations professionally and applying innovative strategies in risk and credit management."
 
Participants received special training on the mechanisms for developing strategic plans for bank branches.
 
Participants learned
 
     data analysis skills,
     banking decision-making,
     designing innovative marketing plans, and
     increasing customer loyalty.    
    Central Bank of Iraq      Media Office    April 27, 202    https://cbi.iq/news/view/2865 

Baghdad Exchange Rates: 145,500 Dinars Per 100 Dollars

Economy | 01:44 - 04/27/2025   Mawazine News – Baghdad  The exchange rate of the US dollar against the Iraqi dinar rose slightly in the currency markets in the capital, Baghdad.
The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 144,550 Iraqi dinars for every $100, while the price was 144,350 dinars for every $100 on Saturday morning.

The selling price in exchange shops in the local markets in Baghdad reached 145,500 Iraqi dinars for every $100, and the buying price reached 143,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=260930

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

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Seeds of Wisdom RV and Economic Updates Monday Afternoon 4-28-25

Good Afternoon Dinar Recaps,

LEDGER LIVE ENABLES STABLECOIN YIELDS DIRECTLY FROM SELF-CUSTODY WITH NEW KILN INTEGRATION

▪️Ledger is enabling users to access stablecoin yields directly from self-custody via its Ledger Live hardware wallet companion app.

▪️Powered by Kiln, the feature is pitched as a way to access DeFi yields for USDC, USDT, USDS and DAI without going through “complex processes
.”

Good Afternoon Dinar Recaps,

LEDGER LIVE ENABLES STABLECOIN YIELDS DIRECTLY FROM SELF-CUSTODY WITH NEW KILN INTEGRATION

▪️Ledger is enabling users to access stablecoin yields directly from self-custody via its Ledger Live hardware wallet companion app.

▪️Powered by Kiln, the feature is pitched as a way to access DeFi yields for USDC, USDT, USDS and DAI without going through “complex processes
.”

Crypto hardware wallet giant Ledger says it will enable stablecoin yields directly from self-custody, in collaboration with DeFi infrastructure platform Kiln.

The feature lets Ledger users earn a passive income of 5% to 9.9% on USDC, USDT, USDS and DAI via several DeFi lending protocols, including Aave, Compound, Morpho, Sky and Spark, while maintaining self-custody.

Kiln operates as the backend, providing access to the protocols that users interact with via Ledger LiveLedger VP of Consumer Services Jean-Francois Rochet told The Block.

Depositing assets into DeFi lending protocols, such as Aave, is currently the most popular way to earn yield on stablecoins. According to The Block's data dashboard, more than $2 billion in USDT has been borrowed on Ethereum alone.

However, instead of connecting their Ledger hardware to third-party web3 wallets and juggling multiple decentralized applications, Kiln abstracts away this complexity, enabling access to DeFi yields natively within the Ledger Live companion app, available on both desktop and mobile versions.

"Web3 browser wallets are typically insecure,"
 Rochet said"The direct integration offers enhanced security … without leaving the safety of Ledger Live or going through complex processes."

Ledger argues that the integration opens up access to DeFi returns in a more user-friendly way, including clear signing, a method of signing blockchain transactions so that the signed content is human-readable and easily verifiable.

Users simply enter the amount they wish to deposit and select the protocol with the desired APY from the dropdownRochet explainedHowever, the trade-off is that users receive slightly lower APYs than by going directly to the protocols, he acknowledged.

"Ledger is pioneering security-first yield generation in the DeFi space,the firm said in a statement"More users than ever are entering crypto, and we're focused on making digital assets accessible without depending on insecure browser wallets or multiple dApps. With Ledger Live and Kiln, people now have transparent and easy solutions to earn rewards.  We're excited to see enhanced stablecoin capabilities made available to Ledger Live users."

Ledger claims that despite being some of the most widely used assets in crypto, only 4% of stablecoin holders currently earn yield on their USDC and USDT. "This integration unlocks stablecoin yield for users and grants full autonomy over digital assets, unlike centralized exchanges that take control and limit yields to dApp browsers," the firm said.

Close collaboration


Last year, Ledger and Kiln also teamed up to provide native access to liquid staking token restaking, enabling its users to restake assets on EigenLayer directly within the Ledger Live interface.

"Ledger has been a long-term partner of Kiln, and through our close collaboration, we have developed a deep understanding of the needs of their users,Kiln Co-Founder and CEO Laszlo Szabo said following the latest news. "Working together on the Kiln DeFi integration for Ledger is an exciting opportunity, and we're thrilled to help open up access to stablecoin rewards for millions of Ledger users."

The feature will offer yields on USDC and USDT initially, with DAI and USDS support rolling out later within Ledger Live. While Rochet said there is "definitely a plan to increase coverage," no specific additional assets are on the roadmap for now.

Ledger celebrated its 10th anniversary in 2024 and claims that its devices secure over 20% of the world's crypto assets, having sold more than 7.5 million crypto hardware wallets to customers in 210 countries.

Kiln manages over $11 billion in crypto assets, operating around 4.5% of Ethereum's and 2.6% of Solana's total staked assets.

@ Newshounds News™
Source:  
The Block

~~~~~~~~~

MASTERCARD AIMS TO POWER STABLECOINS FROM WALLETS TO MERCHANT ACCEPTANCE

Today Mastercard announced a ‘360-degree’ approach to stablecoins. It is positioning itself to service stablecoins much in the same way it does with card payments, to enable services for consumers, merchants and banks.

There’s much lobbying for position in the stablecoin sector, with 2025 predicted as the year that stablecoins move beyond crypto use cases. The race is on to see who can build the largest network of partners.

During the past week, Stripe announced it’s testing its new stablecoin solution based on the Bridge API for business payments. Citi forecast that stablecoins could reach a circulation of $1.6 trillion to $3.7 trillion by 2030. And Circle unveiled plans to launch the Circle Payments Network which aims to coordinate on and off-ramps, including collaborating with Deutsche Bank, Santander, Societe Generale and Standard Chartered.

Plus, in today’s announcement, Mastercard mentioned the potential for stablecoins to become ‘ubiquitous’. Last month startup Ubyx announced plans for a network for banks and fintechs to on and off-ramp an array of stablecoins, including smaller ones.

Mastercard’s range of stablecoin services


Turning to Mastercard’s announcement, it has already provided several of these stablecoin services for quite a while. It’s looking to expand its network of partners.

For consumers
 it makes stablecoins more user friendly by enabling crypto users to pay with stablecoins using Mastercard branded cards. Many crypto exchanges already provide cards, with OKX the latest to announce one.

On the merchant front
, it is partnering with Nuvei and stablecoin issuers Circle and Paxos to enable support for merchants to accept stablecoins, whether or not the payment uses a card. The mention of Paxos is notable given a recent report by Coindesk that Visa plans to become a partner of the Paxos Global Dollar, although Visa hasn’t yet officially confirmed it. Paxos is also the issuer of PayPal’s PYUSD.

For crypto institutions, it provides the Mastercard crypto credential to support compliant remittances combined with user-friendly names.

Plus, Mastercard has the Mastercard Multi-Token Network (MTN), which aims to support an array of digital assets, not just stablecoins. MTN includes links to banks such as JP Morgan and Standard Chartered. So far it allows investors in assets such as Ondo Finance’s tokenized money market funds to on and off-ramp, but stablecoins are part of the plans.

“To realize its potential, we need to make it as easy for merchants to receive stablecoin payments and for consumers to use them,” said Jorn Lambert, chief product officer at Mastercard. “We believe in the potential of stablecoins to streamline payments and commerce across the value chain. Unlocking this is core to how we navigate the rapidly changing world, giving people and businesses the freedom they want by providing the choices they deserve.”  

@ Newshounds News™
Source:  
Ledger Insights

~~~~~~~~~

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Iraq Economic News and Points to Ponder Monday Morning 4-28-25

Iraq Agrees To Open Another Bank In The US To Establish Relations With Its Banks In Transfer Operations.

economy | 10:43 - 04/26/2025   Mawazine News – Baghdad  The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks in money transfer operations.

The Governor of the Central Bank of Iraq said in an interview followed by (Mawazine News) that he "has begun working on developing a plan to issue cards for small merchants, after completing consultations with companies, so as to accommodate the requests of merchants - a large class in Iraq - to cover their foreign trade without passing through long paths, so that transfers are carried out directly, which will create a major shift in accommodating merchants who do not use the official methods of transfers."

Iraq Agrees To Open Another Bank In The US To Establish Relations With Its Banks In Transfer Operations.

economy | 10:43 - 04/26/2025   Mawazine News – Baghdad  The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks in money transfer operations.

The Governor of the Central Bank of Iraq said in an interview followed by (Mawazine News) that he "has begun working on developing a plan to issue cards for small merchants, after completing consultations with companies, so as to accommodate the requests of merchants - a large class in Iraq - to cover their foreign trade without passing through long paths, so that transfers are carried out directly, which will create a major shift in accommodating merchants who do not use the official methods of transfers."

He noted that the Central Bank of Iraq, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash dollar sales operations, and that they are now "in an ideal position, by their own testimony."

He described foreign commercial transfers as "progressing smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere. An agreement was also reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations."

Regarding Iraqi banks barred from dealing in dollars, Al-Alaq said, "They will have to meet requirements related to ownership, compliance, money laundering, governance, and banking services in order to resume their normal operations."

He explained that these banks "were not subject to sanctions and are not included on the sanctions list, but due to observations about foreign transfers, they were stopped from using the dollar in transactions only."

He pointed out that a comprehensive plan was launched, which includes the criteria and conditions required to correct the situation of these banks to avoid such problems, after a full year of work on it.
https://www.mawazin.net/Details.aspx?jimare=260919

Action: Launching an electronic platform for paying social security contributions.

Local | 05:23 - 04/27/2025   Mawazine News – Baghdad  The Ministry of Labor and Social Affairs clarified, on Sunday, the conditions for granting a retirement pension to workers and the required years of work, while confirming the launch of an electronic platform for paying social security contributions.

Ministry spokesman Hassan Khawam said: "The retirement and social security law for workers, which was enacted during the current parliamentary session, is one of the most important laws. Among the conditions for inclusion are that the worker be of Iraqi nationality, residing in Iraq, and of legal age (63 years or older), and have guaranteed service with paid contributions for a period of no less than 15 years."

He added, "The law stipulates that the social security retirement pension may not be combined with any other retirement pension."

Khawam explained that "there is also an optional guarantee for every person working in liberal professions such as a barber, taxi driver, or street vendor. They can participate in social security voluntarily by paying monthly contributions within 15 different categories, starting from 17,500 dinars up to 87,500 dinars, in exchange for retirement salaries ranging between 500,000 and 1,750,000 Iraqi dinars. All workers are covered by the retirement salary without exception."

He pointed out that "other benefits provided by the law include paid sick leave, free medical care, in addition to a full or partial disability pension and maternity leave for pregnant women with the provision of health care."

He stressed that "the Ministry of Labor has inspection teams that visit investment projects to ensure workers are registered with social security and verify their numbers. In the event of a violation, the employer is subject to a fine that may reach five times the unpaid contributions."

Khawam pointed out that "the subscription deduction system has become electronic through the "Daman" platform, with a deduction rate of 5% of the worker's income, while the government bears 8%, and the employer 12%."

He explained that "the disbursement of retirement salaries is contingent upon reaching the legal age (63 years) with subscriptions of no less than 15 years, or early retirement according to the specified age and service conditions."

He explained that "the ministry is working with its social partners and local and international labor organizations to develop labor and social security laws, with the launch of awareness campaigns that have led to a large turnout of workers, especially in the field of optional insurance."

Regarding health insurance, he indicated that "covered workers pay only 10% of the cost of medical services, whether under optional insurance or in the organized sector." https://www.mawazin.net/Details.aspx?jimare=260935

Al-Sudani Stresses The Importance Of Simplifying Administrative Procedures That Hinder Investment Projects

Money and Business  Economy News – Baghdad   Prime Minister Mohammed Shia al-Sudani stressed on Sunday the importance of simplifying administrative procedures that hinder investment projects.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani chaired the regular meeting of the Higher Committee for Reconstruction and Investment, during which the files and projects on the agenda were discussed and decisions made."

He stressed "the need for the committee to work on reducing administrative steps and strengthening the country's investment environment," emphasizing "the importance of ministries focusing on investment projects that maximize the country's revenues, which is part of the government's approach to financial and economic reform."

The meeting witnessed the approval of several housing projects, as well as the establishment of the largest olive farm in Wasit Governorate by an Iraqi-Spanish investment company. This project is one of the outcomes of the Prime Minister's visit to Spain at the end of last year, during which he met with the President of the World Olive Council.

The meeting discussed "a number of health projects, including the establishment of an early cancer screening center. The Ministry of Health directed that the project be studied and submitted to the Investment Committee."  https://economy-news.net/content.php?id=54869

General Electric: We Have Implemented Strategic Agreements On The Ground In Iraq.

Energy  Economy News – Baghdad   General Electric's Iraq Country Manager, Rashid Al-Janabi, confirmed on Sunday that unprecedented government support has strengthened the partnership with the Ministry of Electricity. He also pointed to strategic agreements implemented on the ground that have contributed to improving the efficiency of the electricity grid.

Al-Janabi said, "The unprecedented government support the company has received is a key factor in strengthening the partnership between GE Vernova, the Ministry of Electricity, and the Iraqi government in general."

He added, "This partnership, which has spanned several decades, has been significantly deepened recently, positively impacting the development of the energy sector, both in terms of adding new production capacities and improving the efficiency of the transportation and production systems."

He pointed out that "these efforts have resulted in strategic agreements that have been implemented on the ground through major projects over the past two years, contributing to raising the efficiency of the electricity grid and meeting a significant portion of Iraq's energy needs, supporting future development plans and contributing to improving the environmental situation."

He added, "We aspire to expand this partnership in the future, to meet national aspirations and meet Iraq's growing energy needs."  https://economy-news.net/content.php?id=54865

 

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

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Seeds of Wisdom RV and Economic Updates Monday Morning 4-28-25

Good Morning Dinar Recaps,

B️REAKING: XRP ETF APPROVED, BUT IT’S NOT SPOT ETF

The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched by ProShares. This ETF is expected to go live on April 30th, 2025. While it’s not a spot ETF — which tracks the actual price of XRP — it’s still a huge step forward for XRP’s recognition on Wall Street.

Good Morning Dinar Recaps,

B️REAKING: XRP ETF APPROVED, BUT IT’S NOT SPOT ETF

The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched by ProShares. This ETF is expected to go live on April 30th, 2025. While it’s not a spot ETF — which tracks the actual price of XRP — it’s still a huge step forward for XRP’s recognition on Wall Street.

The ETF approval comes just a few years after Ripple, the company behind XRP, was locked in a long legal battle with the SEC. Now, XRP is moving from courtrooms to trading floors, joining the ranks of Bitcoin and Ethereum, which already have both futures and spot ETFs.

Some investors were unsure at first, asking, “Why futures and not spot?” But futures ETFs are often the first stepThis was the path for Bitcoin and Ethereum, and experts believe a spot XRP ETF could be next. Futures trading allows big institutional investors to take positions on XRP, whether the market goes up or down — a common and healthy part of mature financial markets.

Experts called the approval a game-changer, pointing out that this move gives major players a way to legally and securely trade XRP.  And the good news doesn’t stop there. In Brazil, the XRP H11 ETF has just launched on the country’s main stock exchange, making it the first XRP-focused ETF in the world. This global momentum suggests XRP is no longer being left behind.

Just a few years ago, XRP was under heavy legal scrutiny. Now, it’s being listed on international exchanges, with regulated investment products opening the door for more adoption.

From being targeted by regulators to becoming a favorite of institutional investors — XRP is clearly turning the page.

@ Newshounds News™
Source:  
Coinpedia

~~~~~~~~~

FROM SWIFT TO SHANGHAI: BRICS JUST SEIZED GLOBAL SETTLEMENT POWER WITH DIGITAL GOLD | ANDY SCHECTMAN

 Andy outlines that BRICS just flipped the global financial system on its head. China’s digital RMB settlement system is now fully connected to 38% of global trade, allowing transactions to bypass SWIFT and the U.S. dollar entirely. Even more shocking—this new payment network is being expanded to non-member countries, quietly replacing the old financial order with a gold-linked system.

@ Newshounds News™

Source:  
Youtube         https://www.youtube.com/watch?v=fPZx6eeDokU

~~~~~~~~~

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“Tidbits From TNT” Monday Morning 4-28-2025

TNT:

Tishwash:  Qubad Talabani: Our doors are open to all foreign companies for investment.

 joint contract signing ceremony took place in Sulaymaniyah between local and American companies to develop the Bazian power plant.

During the ceremony, Deputy Prime Minister of the Kurdistan Region, Qubad Talabani, delivered a speech welcoming the attendees, company representatives, businessmen, and guests. He emphasized the importance of signing this contract, which will contribute to the development of the electricity sector.

He added, "This contract will strengthen the Kurdistan Region's infrastructure and send an important message to the world that the Kurdistan Region's doors are open to all foreign companies working towards a more developed Kurdistan."

TNT:

Tishwash:  Qubad Talabani: Our doors are open to all foreign companies for investment.

 joint contract signing ceremony took place in Sulaymaniyah between local and American companies to develop the Bazian power plant.

During the ceremony, Deputy Prime Minister of the Kurdistan Region, Qubad Talabani, delivered a speech welcoming the attendees, company representatives, businessmen, and guests. He emphasized the importance of signing this contract, which will contribute to the development of the electricity sector.

He added, "This contract will strengthen the Kurdistan Region's infrastructure and send an important message to the world that the Kurdistan Region's doors are open to all foreign companies working towards a more developed Kurdistan."

He explained, "We in the Kurdistan Regional Government have open doors to all foreign companies to invest in the Kurdistan Region. It is important to make clear to all investors that our priority is to work on diversifying resources in the Kurdistan Region. I thank all the companies that have been operating in Sulaymaniyah for a long time and have implemented many important and necessary projects, making Sulaymaniyah a model of development and prosperity."

Talabani said, "Through this contract and the cooperation between the companies, we can provide a significant portion of the electricity supply to the Kurdistan Region and work to develop the electricity sector in general. Under this contract, many cadres and engineers will be trained according to international standards."

He continued, "This contract will provide opportunities for young people, as well as job and training opportunities for a large number of citizens, and will build a sophisticated electricity sector. We in the Kurdistan Regional Government provide all necessary facilities to foreign companies, and we must rely on clean energy and develop the gas sector as well."  link

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

Tishwash:  General Electric: We have implemented strategic agreements on the ground in Iraq.

Rashid Al-Janabi, General Electric's Country Manager in Iraq, confirmed on Sunday that the unprecedented government support has strengthened the partnership with the Ministry of Electricity, while pointing to strategic agreements implemented on the ground that have contributed to raising the efficiency of the electricity grid.

Al-Janabi said, "The unprecedented government support the company has received is a key factor in strengthening the partnership between GE Vernova, the Ministry of Electricity, and the Iraqi government in general."

He added, "This partnership, which has spanned several decades, has witnessed significant deepening in the recent period, which has positively reflected on the development of the energy sector, both in terms of adding new production capacities and improving the efficiency of the transmission and production systems."

He pointed out that "these efforts have resulted in strategic agreements that have been implemented on the ground through major projects over the past two years, which have contributed to raising the efficiency of the electricity grid and meeting a significant portion of Iraq's energy needs, supporting future development plans and contributing to improving the environmental situation."

He continued, "We aspire to expand this partnership in the future, in a way that meets national ambitions and meets the growing need for energy in Iraq." link

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

Tishwash:  Baghdad dollar declines due to exhibitions, real estate, or nuclear negotiations? 

Iraqi markets have recently witnessed a significant decline in the dollar exchange rate, reaching 1,440 dinars, after a period of highs and fluctuations amid Middle East tensions and US restrictions on Iraqi trade with sanctioned countries.

 The decline is contrary to expectations experienced by trading circles at the end of last year, which slightly disrupted the local economy. However, other experts who spoke to 964 Network attributed the almost sudden drop to a recession that has been looming for months in the Iraqi real estate and car markets, the largest domestic market for US currency trading.

This may mean a decline in large-scale money laundering operations led by influential parties, as discussed in political and economic circles. This is in addition to the decisions of US President Donald Trump, who imposed large customs tariffs on China, which led to higher commodity prices in the United States, increased inflation, and harmed the dollar's position globally.

Experts also noted that the return of Washington and Tehran to negotiations has contributed to reducing demand for the dollar in Iraq, as the exchange rate fluctuation is primarily due to informal trade between Iraq and Iran. However, successful negotiations and the easing of the pressure on the Iranian banking system will ease the pressure on the Iraqi dollar.

Experts do not rule out another factor: the Central Bank's recent restrictions on Visa and MasterCard cards, which have contributed to limiting the withdrawal of dollars at the official exchange rate and their subsequent sale on the black market.

Mustafa Akram Hantoush, financial expert:

The dollar exchange rate should not exceed 1,320, even on the parallel market. The central bank sells dollars daily at this rate, exceeding $250 million. However, there are discrepancies. Any requests outside the central bank's platform are not covered, most notably trade with Iran, small traders, and the smuggling of some goods through Kurdistan. This trade is not officially covered, and therefore traders buy them from the parallel market.

Iranian situation negotiations

There are now negotiations in Iran. If they succeed and the noose is lifted on its banking system, this will ease the pressure on the Iraqi dollar, thus lowering the parallel exchange rate.

The solution lies in creating a genuine platform for financial transactions with Iran. Small traders must be covered by specialized companies that handle their needs, while smuggling must be stopped and the sanctioned countries that travelers visit must be addressed.

Khaled Haidar - Academic:

The Iraqi economy is linked to the global economy and its revenues depend on oil, which is priced in US dollars.

Trump and the American market

The US economy is currently experiencing a decline in retail sales, particularly after tariffs on countries, particularly China. This has had a significant impact on the US economy, with imported goods prices rising, inflation rates doubling, confidence in the US economy weakening, and interest rates declining. This, in turn, has impacted growth prospects.

Today's global economy is gradually beginning to rely on other currencies, such as the BRICS blocs, creating new influential poles on the global map.

Today, there is a degree of confidence in the Central Bank's performance regarding the dollar, particularly since it has restricted electronic transactions using cards used by travelers to obtain dollars at a low rate, then withdraw them abroad at the parallel market rate, profiting from the difference upon their return to Iraq and reselling them. This measure has greatly reduced fraud and dollar withdrawals.

There's also a trend today toward trading in gold, and its prices continue to rise, as it has become a safe haven and a better alternative to the dollar. Many are choosing to keep their capital in the form of gold bullion, which has affected confidence in the dollar and impacted its value.

Nabil Jabbar Al-Tamimi, economic expert, to 964 Network :

There are no political reasons for this decline, and it is within the normal range of fluctuations, given that the dollar previously reached 1,400 and then rose to over 1,500. Furthermore, there is no major event currently affecting the price, and the central bank's measures remain unchanged.

Iraqi real estate and car market stagnant!

Iraq is currently experiencing a recession in the car and real estate markets. This is primarily due to the fact that car dealers deal exclusively in dollars, not dinars. Furthermore, companies importing electric cars have emerged, and these companies are enjoying great popularity among Iraqis, in addition to accepting dinars.

Neglecting the dollar-denominated side of the market, whether in the auto or real estate markets, has led to a decline in demand for the dollar. This decline is relative, not exceeding 2.5% or 3%.

The tariffs imposed by Trump have not affected Iraq, and there is no connection between them. Regarding the negotiations between Iran and the US, in the event of tensions, demand for the dollar is expected to increase, and the rise in the price in Tehran is expected to be reflected in the Iraqi dollar, given the presence of unofficial transfers, which we have not witnessed. Furthermore, the existence of measures related to MasterCard cards and withdrawal transactions is expected to raise the price, because restricting cards stifles the markets, thus raising trading prices on the black market, but the opposite has happened.

The decline is due to internal factors. About six months ago, a clear recession began in the dollar-denominated auto and real estate markets. This recession reduced demand for the currency.

Ammar Hamad, Deputy Governor of the Central Bank, stated to the official newspaper, as monitored by 964 Network:

The improvement in the Iraqi dinar's exchange rate against the dollar in local markets is due to the Central Bank's recent policy and the country's substantial financial reserves.

The decline will continue in the coming periods.  link

Mot:  Just aRealized... the ""RV"" Theme Song it is!!!   https://youtu.be/5jRq19uqZRM

Mot...... May the Sun!!!

 

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MilitiaMan & Crew Iraq Dinar News Update-World Bank Group-Central Bank of Iraq-IMF-VISA-MasterCard-International

MilitiaMan & Crew Iraq Dinar News Update-World Bank Group-Central Bank of Iraq-IMF-VISA-MasterCard-International

4-27-2025

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

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

MilitiaMan & Crew Iraq Dinar News Update-World Bank Group-Central Bank of Iraq-IMF-VISA-MasterCard-International

4-27-2025

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=482zqLNITI8

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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 4-27-25

Apr 27

Good Afternoon Dinar Recaps,

FEDERAL TAXES TO BE 'SUBSTANTIALLY REDUCED' ONCE TARIFFS SET IN: TRUMP

The US President previously floated the idea of eliminating the federal income tax altogether and replacing it with import duty revenues.

United States President Donald Trump recently said that federal income taxes would be "substantially reduced" or potentially eliminated once the tariff regime fully sets in.

Good Afternoon Dinar Recaps,

FEDERAL TAXES TO BE 'SUBSTANTIALLY REDUCED' ONCE TARIFFS SET IN: TRUMP

The US President previously floated the idea of eliminating the federal income tax altogether and replacing it with import duty revenues.

United States President Donald Trump recently said that federal income taxes would be "substantially reduced" or potentially eliminated once the tariff regime fully sets in.

In an April 27 Truth Social post, Trump added that the focus of the purported tax cuts would be on individuals making less than $200,000 per year.

The US President also said that the "External Revenue Service" — a reference to funding the federal government exclusively through import tariffs instead of the current model of collecting taxes through the Internal Revenue Service (IRS) — is materializing.

Eliminating the federal income tax would likely be a positive catalyst for asset prices, including cryptocurrencies, as the increase in disposable income should partially flow back into productive investments. However, this stimulative effect is not guaranteed.

Trump’s plan leaves analysts and markets doubting

Trump previously floated the idea of eliminating the federal income tax in an October 2024 appearance on the Joe Rogan Experience, although Trump, who was on the campaign trail at the time, provided scant concrete details on the proposal.

The US President suggested that replacing the federal income tax with revenue from import duties would return the US to a time of prosperity seen during the Gilded Age, in the 19th century, when the US did not have a permanent federal income tax.

Research conducted by accounting automation company Dancing Numbers found that Trump's proposal could save the average American $134,809 in lifetime tax payments.

Dancing Numbers added that the tax savings could be as much as $325,561 per American if other wage-based income taxes are also eliminated.

On April 2, Trump signed an executive order imposing sweeping tariffs on all US trading partners, which included a 10% baseline tariff on all countries and different "reciprocal" tariff rates on countries with import duties on US goods.

However, since that time, the Trump administration walked back its tariff policies several times, flip-flopping on tariff rates and when the tariff regime would fully take effect.

The Trump administration's ever-changing rhetoric surrounding trade policies has heightened volatility in the US stock market, caused a rise in US bond yields, and has drawn widespread criticism from financial analysts who say the protectionist trade policies hurt capital markets while achieving little else.

@ Newshounds News™
Source:  
Cointelegraph

~~~~~~~~~

BRICS: US SANCTIONS FAIL AS RUSSIA’S ECONOMY GROWS 4.1%

The US pressed sanctions on Russia in February 2022 after they invaded and waged war on their neighboring country Ukraine. The sanctions were aimed at stalling Russia’s growth and bringing its overall economy and GDP down. Russia teamed up with the BRICS alliance and the bloc kick-started the de-dollarization agenda to counter the US sanctions.

The BRICS bloc rewrote trade deals allowing Russia to send and accept local currencies for trade and cross-border transactions. China, India, and Saudi Arabia made use of the US sanctions and procured Russian oil and discounted prices. Saudi Arabia even brought Russian crude oil for a concession and laundered it all over Europe earning bigger profits.

BRICS member India even saved $7 billion in foreign exchange by buying Russia’s crude oil at cheaper prices due to the sanctions
Therefore, the BRICS bloc mostly benefitted from the US sanctions saving and earning billions in development. They even pushed local currencies ahead for trade strengthening their businesses and overall GDP.

BRICS: Russia’s Economy Grows 4.1% Despite US Sanctions

Trade restrictions could not stop BRICS member Russia’s growth as it immediately kick-started the de-dollarization agenda. The move helped the country navigate through troubled times and simultaneously gained the support of developing countries. “Over the past two years, the Russian economy grew by 4.1%,” said Russian Security Council Secretary Sergey Shoigu.

The latest data shows that BRICS member Russia’s economy comfortably sat above 4% despite the US sanctions.

2023: 4.1%
2024: 4.3%
2025 (Projection): 2.5%

Shoigu explained
 that BRICS member Russia’s banking system demonstrated remarkable resilience during the US sanctions. “Russia’s external and internal debt has diminished. Its financial and banking systems demonstrated resilience,” he said

The diplomat added“The external trade also retained its positive dynamics. Despite sanctions, the past year’s trade grew by $3.8 billion, to over $716 billion. Proficit of the balance of foreign trade gained $7 billion, reaching approximately $146 billion.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Iraq Economic News and Points to Ponder Sunday Morning 4-27-25

An Economist Reveals Three Hidden Reasons Behind The Market Recession.

Time: 2025/04/26 16:57:17 Read: 2,040 times  {Economic: Al Furat News} Economic expert Salah Nouri revealed today, Saturday, three reasons behind the current stagnation in Iraqi markets.

Nouri told Al Furat News, "The first reason is the rise in the prices of basic imported goods globally, which has had a direct impact on their prices in local markets when calculated in Iraqi dinars, making them beyond the reach of a wide segment of citizens."

An Economist Reveals Three Hidden Reasons Behind The Market Recession.

Time: 2025/04/26 16:57:17 Read: 2,040 times  {Economic: Al Furat News} Economic expert Salah Nouri revealed today, Saturday, three reasons behind the current stagnation in Iraqi markets.

Nouri told Al Furat News, "The first reason is the rise in the prices of basic imported goods globally, which has had a direct impact on their prices in local markets when calculated in Iraqi dinars, making them beyond the reach of a wide segment of citizens."

He added, "The second reason relates to the fluctuations in the local dollar exchange rate, which has weakened the dinar's purchasing power and made low-income earners among the most affected groups due to their inability to keep up with rising prices."

Nouri pointed out that "the third reason is the decline in demand for basic commodities due to the decline in citizens' purchasing power, which has led to a general state of stagnation in markets, especially in areas with low incomes."  LINK

Central Bank: Visa And Mastercard Card Issue Abroad To Be Resolved Next Month

Central Bank Governor Ali Mohsen Al-Alaq  Banks  Economy News – Baghdad  Central Bank Governor Ali Mohsen Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month.

Al-Alaq said in press statements, followed by "Al-Eqtisad News," that "the Central Bank has completed the two tasks related to cash sales and foreign transfers, but the card crisis witnessed a state of "misunderstanding."

He explained, "When we headed to organize this process, it required a set of procedures that must be worked on, so that we put it in its correct direction and according to acceptable standards, and therefore there were some stops and some changes in the paths."

Al-Alaq said, "An agreement was reached with all concerned parties - which include "Visa" and "MasterCard" in coordination with the Treasury, the Federal Reserve, and the auditing company - on "the formulas and paths for settling these cards," stressing that "the Central Bank has taken rapid steps in this regard, expecting to complete this task within the next month, i.e. before the scheduled date for this process, which is June 1."

Al-Alaq revealed that "work has begun on developing a plan to issue cards to small merchants, after completing consultations with companies," "to accommodate the requests of merchants—a large segment of Iraqis—to cover their foreign trade without passing through long routes, so that transfers can be made directly, which will create a major shift in accommodating merchants who do not use formal transfer methods."

Al-Alaq indicated that "the Central Bank, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash sales of dollars, and is now 'in an ideal position, by their own testimony.'" He described foreign commercial transfers as "progressing very smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere.

An agreement has also been reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations."  https://economy-news.net/content.php?id=54852

A New Decline In The Dollar Exchange Rate Against The Dinar

Saturday, April 26, 2025 11:23 | Economic Number of readings: 120  Baghdad / NINA / The exchange rate of the dollar against the dinar decreased, Saturday morning in Baghdad and Erbil.

The exchange rate in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad reached 144,400 dinars for every $100.

In the local markets in Baghdad, the selling price reached 145,500 dinars, and the purchase price was 143,500 dinars, for every $100.

In Erbil, the dollar price also decreased, with the selling price reaching 145,600 dinars for every $100, and the purchase price reaching 144,500 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1210170

Basra Crude Suffers Weekly Losses Of More Than 1 Percent.

economy | 09:41 - 04/26/2025  Mawazine News - Follow-up   Basra Heavy and Medium crude oil prices recorded weekly losses of more than 1%. Prices were as follows:

Basra Heavy crude closed up 36 cents at $64.51 a barrel, but suffered a weekly loss of 80 cents, or 1.22%. Basra Medium crude closed up the same amount at $68.46, but also recorded a weekly loss of 80 cents, or 1.17%.   https://www.mawazin.net/Details.aspx?jimare=260913

Prime Minister's Advisor: Government Bonds Are A Better Investment Option Than Gold

Buratha News Agency1862025-04-25    The Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Friday that sovereign government bonds are available for investment through banking institutions, calling for diversifying investment portfolios by investing in government bonds instead of gold, as "local gold is one of the wealth havens most affected by external or international factors and their shocks, as it is a commodity imported from gold vaults outside the country,

as the global price of gold exceeded the $3,200 per ounce barrier in April 2025, affected by geopolitical tensions, especially between the United States and China, or the so-called trade war issue represented by the escalation of the mutual tariff war between various countries of the world and its direct and indirect effects on inflation trends and expectations in the global economy."

He added, "This coincided with indicators of the oil asset cycle, the downward trend in global oil prices, and the increasing demand for the yellow metal by central banks and investors seeking a safe haven for wealth around the world, as gold is undoubtedly the best store of value."

 He noted that "the price of gold, which has witnessed a significant and continuous rise, despite its fluctuations towards the decline, has maintained its high price. For example, the price of one ounce on April 17, 2025, reached approximately $3,321.89, after previously reaching a new record high of $3,357.40 per ounce."

Saleh explained that "the opening of the local gold market to the global market and the impact of the global price of gold on our country's supply has become an immediate reflexive issue. Until the local gold market stabilizes again, it may take a real period of time to adapt again."

He pointed out that "the short-term jumps in gold prices cast a shadow over the tendencies of individuals in our country and the behavior of some to hedge by investing in the yellow metal."

He continued: "Demand for gold in Iraq is a traditional means of preserving value, which leads to its purchase as a normal hedge, especially for those with cash surpluses, with the aim of profiting from the external price factors affecting the fluctuations in the international economy, and the impact of this on the level of global prices, and the repercussions of this on thinking about re-diversifying the wealth portfolios of some of them, or according to their beliefs and traditions in investing, preserving the value of their personal financial wealth, or speculating."

Saleh pointed out that "if the goal of importing is a safe investment, it is preferable to monitor global and local markets to make informed decisions, and to proceed with the proper diversification of their investment portfolios and not rely entirely on a single investment vehicle to preserve value, since gold is also subject to decline.

It is also preferable to consider other national investment options to diversify their investment portfolios, especially investing in interest-bearing sovereign government bonds currently offered to investors through the Iraqi banking system."  https://burathanews.com/arabic/economic/459247

 

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

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Seeds of Wisdom RV and Economic Updates Sunday Morning 4-27-25

Good Morning Dinar Recaps,

BREAKING NEWS: FIRST XRP ETF GOES LIVE IN BRAZIL, NOT U.S

▪️Brazil becomes the first country to launch an XRP ETF, beating the United States.

▪️The XRPH11 ETF will give investors safe, easy, and regulated access to XRP investments.

▪️Experts predict XRP-related products could attract up to $8 billion in future, with XRP price to hit $24 soon.

Good Morning Dinar Recaps,

BREAKING NEWS: FIRST XRP ETF GOES LIVE IN BRAZIL, NOT U.S

▪️Brazil becomes the first country to launch an XRP ETF, beating the United States.

▪️The XRPH11 ETF will give investors safe, easy, and regulated access to XRP investments.

▪️Experts predict XRP-related products could attract up to $8 billion in future, with XRP price to hit $24 soon.


XRP has just reached a major milestone with the launch of its first-ever ETF in Brazil. This exciting move could bring more investors into XRP and open the door for bigger developments in the United States.

With experts predicting that billions of dollars could soon flow into XRP products. However, this could pump the XRP price by 1000%.

First XRP ETF Goes Live in Brazil

In a big win for the XRP community, Brazil’s B3 stock exchange has launched the world’s first XRP ETF. The fund, called XRPH11, is managed by Hashdex and Genial Investimentos.

It will track the Nasdaq XRP Reference Price Index, making it easier for investors to gain safe and regulated exposure to XRP.

According to Hashdex, the ETF will invest at least 95% of its assets directly in XRP or in other products like futures contracts that copy XRP’s price movements. This setup allows both regular and big investors to invest in XRP without needing to own or store the cryptocurrency themselves.

Brazil Moves Ahead, US Still Waiting

Interestingly, this major step happened in Brazil, not in the United States, where Ripple is based. In the US, companies like Grayscale and Franklin Templeton have already filed for XRP ETFs, but they are still waiting for approval from the SEC.

Meanwhile, the demand for XRP-related investment products is growing fast. As of April 18, XRP-focused ETPs had about $950 million in assets under management, according to CoinShares. Just last week, XRP funds saw $37.7 million in new money, leading all other crypto funds.

Even bigger things could be on the horizon. JPMorgan predicted earlier this year that XRP products could pull in up to $8 billion — almost eight times more than today.

XRP Price Outlook

Even after this big news, XRP’s price hasn’t moved much. It is still trading around $2.20, with only a small 0.8% rise in the last 24 hours. But many believe that if an XRP ETF gets approved in the US, the price could shoot up.

Although XRP has been moving slowly for some time, signs are starting to look more exciting. In the past, when gold slowed down after a strong rally, XRP went up by 1,000%.

Now, with gold pulling back again, some experts think XRP could rise sharply and even reach $24 this year.

@ Newshounds News™
Source:  
Coinpedia

~~~~~~~~~

US CRYPTO RULES LIKE 'FLOOR IS LAVA' GAME WITHOUT LIGHTS — HESTER PEIRCE

SEC Commissioner Hester Peirce said that to engage in crypto activities, “SEC-registrants have had to hop from one poorly illuminated regulatory space to the next.

SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.

It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.

The lava is cryptosays Peirce

Peirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava.

“A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.

Peirce said that, much like in the game, firms wanting to engage with crypto must avoid directly holding it due to unclear regulatory rules. “To engage in crypto-related activities, SEC-registrants have had to hop from one poorly illuminated regulatory space to the next, all while ensuring that they never touch any crypto asset,” Peirce said.

Peirce said that investment advisers are often unsure which crypto assets qualify as securities, what entities count as qualified custodians, and whether “exercising staking or voting rights” could trigger custody violations.

“The twist in the regulatory version is that it is largely played in the dark: burning legal lava and no lamps to illuminate the way.”

Peirce also said that a broker or ATS that cannot custody or manage crypto assets will struggle to facilitate trading, making it unlikely for a “robust market” to develop.

Echoing a similar sentiment, SEC Commissioner Mark Uyeda said at the event that as more SEC registrants work with crypto assets, it’s essential that they have access to custodial options that meet legal and regulatory requirements.

Uyeda said the agency should consider letting advisers use “state-chartered limited-purpose trust companies” with the authority to hold crypto assets as qualified custodians.

Meanwhile, the recently sworn-in chair of the SEC, Paul Atkins, said that he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs.

He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty.

“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets, said Atkins.

@ Newshounds News™
Source:  
Cointelegraph

~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 4-27-2025

TNT:

Tishwash:  Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.

The agency said in a report seen by Shafaq News Agency that "the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking operating conditions in most Gulf and Middle Eastern countries."

TNT:

Tishwash:  Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.

The agency said in a report seen by Shafaq News Agency that "the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking operating conditions in most Gulf and Middle Eastern countries."

She added, "The banking sector in Iraq has low credit ratings, with most banks classified as CCC. These ratings are unlikely to be affected by the negative impact of lower oil prices, especially given the central bank's strong ability to support government spending."

The agency noted that "credit conditions in Gulf banks could also deteriorate if profitability and cash flows decline for companies operating in affected sectors. However, they are well-positioned to absorb any deterioration in the operating environment, thanks to the strengthening of their financial reserves in recent years."

Fitch Ratings is one of the largest global rating agencies. Founded in 1914 and headquartered in New York and London, its mission is to assess the creditworthiness of countries and companies and provide reports that help investors determine the risks of loans and investments.

Fitch is one of the world's top three rating agencies, along with Standard & Poor's and Moody' link

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

Tishwash:  Al-Sudani succeeded in transforming trade relations with Türkiye into investment opportunities.. His advisor

"A transition that is happening for the first time"

The Prime Minister's Advisor for Investment Affairs, Mohammed al-Najjar, affirmed on Saturday that Iraq has become an attractive environment for Turkish investments, noting that Prime Minister Mohammed Shia al-Sudani has succeeded in transforming trade relations with Türkiye into investment opportunities.

Iraq is the first country in which Turkey will invest,” Al-Najjar said in a statement to the official agency, followed by 964 Network. “It is well known that Turkey is the one looking for investment opportunities and requesting investments, but we have succeeded, through government measures, in attracting investment environments in Iraq.” He pointed out that “the opportunities created by the Prime Minister have made Iraq an attractive country for Turkish companies, which constitutes an important platform for a large number of countries to enter and invest in the opportunities available in Iraq.”

He added that "the entry of Turkish investments into Iraq represents a turning point in relations between the two countries. This is the first time that relations have shifted from a commercial aspect to an investment aspect." He pointed out that "there are multiple areas for Turkey to invest in Iraq, including infrastructure, roads, energy, and communications, all of which represent significant opportunities for Turkish companies that have begun to invest, not just in contracting or commercial operations."

Al-Najjar explained that "Iraq has worked to transform its relationship with Türkiye into an investment relationship, including a path to development, which will constitute a fundamental pillar for Turkey as a starting point for investment."  link

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

Tishwash:  Al-Alaq: We are working to solve the problem of Visa and MasterCard cards abroad.

Central Bank Governor Ali Mohsen Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month.

Al-Alaq said in press statements: “The Central Bank has completed the two tasks related to cash sales and foreign transfers, but the card crisis witnessed a state of “misunderstanding.” 

He explained, “When we moved to organize this process, it required a set of measures that must be worked on, so that we put it on the right path and according to acceptable standards. Therefore, there were some pauses and some changes in the paths.”

Al-Alaq said: “An agreement was reached with all concerned parties - which include Visa and MasterCard, in coordination with the Treasury, the Federal Reserve, and the auditing company - on the “formulas and paths for settling these cards,” stressing that “the Central Bank has taken rapid steps in this regard, expecting to complete this task within the next month, i.e. before the scheduled date for this process, which is June 1.”

Al-Alaq revealed that “work has begun on a plan to issue cards to small merchants, after completing consultations with companies,” “to accommodate the requests of merchants—a large segment of Iraqi society—to cover their foreign trade without going through long routes, so that transfers can be made directly, which will create a major shift in accommodating merchants who do not use formal transfer methods.”

Al-Alaq noted that “the Central Bank, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash dollar sales operations, and is now in an “ideal position, by their own testimony.”

He described foreign commercial transfers as “progressing very smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere. An agreement has also been reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations.”  link

Mot:  da Southern Approach to a Tornado!!!! 

Mot: ..... Bestest List Ever!!!!

 

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The Planned Economic Reset: Greg Mannario

The Planned Economic Reset

Liberty and Finance:  4-27-2025

In a recent interview with Liberty and Finance, renowned trading coach Gregory Mannarino delivered a stark and unsettling assessment of the current economic landscape, painting a picture of deliberate market manipulation, government incoherence, and the insidious control exerted by global elites.

Mannarino’s analysis, both alarming and galvanizing, serves as a stark warning about the future and a call to action for individuals seeking to reclaim their sovereignty.

The Planned Economic Reset

Liberty and Finance:  4-27-2025

In a recent interview with Liberty and Finance, renowned trading coach Gregory Mannarino delivered a stark and unsettling assessment of the current economic landscape, painting a picture of deliberate market manipulation, government incoherence, and the insidious control exerted by global elites.

Mannarino’s analysis, both alarming and galvanizing, serves as a stark warning about the future and a call to action for individuals seeking to reclaim their sovereignty.

Mannarino pulls no punches in his critique, suggesting that even seemingly populist leaders like President Trump are ultimately beholden to the whims of the stock market, a market itself heavily influenced by unseen powers.

He points to Trump’s often-conflicting economic messaging and policy reversals, particularly around tariffs and interest rates, as evidence of a system driven by stock market pressures and orchestrated by forces beyond the purview of everyday citizens.

The core of Mannarino’s argument rests on the conviction that the global financial system is teetering on the brink of collapse, fueled by an unsustainable mountain of debt, artificially suppressed interest rates, and a looming shift towards centralized digital control.

He describes the current system as a deliberate “wrecking machine,” intentionally designed to cripple the middle class and small businesses, paving the way for a new, more easily controlled global order.

He highlights the deceptive nature of “prosperity” metrics, arguing that the apparent economic gains are built on a foundation of sand, propped up by unsustainable debt and manipulated numbers.

He warns that the inherent fragility of this system makes it vulnerable to a sudden and catastrophic collapse, the consequences of which will be far-reaching and devastating for ordinary people.

In the face of this grim outlook, Mannarino advises viewers to take proactive steps to protect themselves. He strongly advocates for holding real assets, particularly gold and silver, as a hedge against the inevitable devaluation of fiat currencies. He emphasizes that tangible wealth, insulated from the digital machinations of the financial system, offers a vital pathway to security in times of crisis.

However, Mannarino’s message extends far beyond mere financial preparedness. He calls for a profound shift in consciousness and a concerted effort to reclaim individual sovereignty. He urges listeners to resist the narratives pushed by main stream media and to seek out independent sources of truth.

He believes that the key to dismantling the control of global elites lies in awakening to their agenda and refusing to participate in their system of manipulation.

Beyond resistance, Mannarino emphasizes the importance of unity, spiritual reconnection, and grassroots organizing. He believes that by coming together, sharing knowledge, and supporting each other, individuals can build alternative systems and communities that are resilient to the coming changes. He sees a renewed connection to spirituality as a source of strength and guidance in navigating the complex and challenging times ahead.

Ultimately, Gregory Mannarino’s message is one of both warning and hope. While he paints a sobering picture of the forces arrayed against individual freedom and economic stability, he also offers a powerful call to action.

He believes that by awakening to the truth, reclaiming our sovereignty, and uniting in purpose, we can not only survive the coming storm but also build a more just and equitable future.

His call to arms is one of informed resistance, spiritual awakening, and collective action, a path towards reclaiming our lives and shaping our destiny.

https://youtu.be/G6QkVQAlht4

 

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