“Tidbits From TNT” Wednesday Morning 4-30-2025

TNT:

Tishwash:  The Central Bank announces the launch of the Arab Financial Inclusion Week 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 will contribute to supporting economic and social development and achieving sustainability.

The week's activities include organizing 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 the branches in coordination with the Association of Islamic Banks, the Association of Private Commercial Banks, and the "We Will Reach You" and "Spare You" campaigns approved by the Central Bank.

Central Bank of Iraq
Media Office
April 27, 2025  link

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

Tishwash:  To support small and medium-sized enterprises, a financing partnership was signed with the German Development Bank.

The Ministry of Planning announced today, Tuesday, the signing of a strategic financing partnership between the International Labor Organization and Iraqi financial institutions, within the framework of the Small and Medium Enterprises Development and Enhancement Project, funded by the German Development Bank (KfW).

Sabah Jundi Mansour, Director General of Economic and Financial Policies at the Ministry of Planning, explained in a statement received by Kalima News that "the importance of this partnership lies in supporting economic policies that focus on creating sustainable job opportunities and enhancing social protection, especially for vulnerable groups," noting that "the project represents a practical step toward activating responsible investment and linking financing tools to fair and comprehensive development policies." 

He pointed to "the role of Iraqi financial institutions in embracing qualitative cooperation with the International Labour Organization, which will enhance financial inclusion and open new horizons for entrepreneurship and local development." 

It is worth noting that "this partnership is part of joint efforts to support Iraq in achieving the Sustainable Development Goals, particularly Goal 8 on decent work and economic growth, and Goal 1 on eradicating poverty."  link

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

Tishwash:  Due to the drop in oil prices, the Iraqi government is considering canceling the 2025 budget.

An Iraqi cabinet source said on Wednesday that the government is considering canceling the 2025 budget due to the drop in oil prices, which has increased the country's fiscal deficit .

The source told Shafaq News Agency, "The Council of Ministers did not formally discuss the budget schedules in its previous sessions, and Finance Minister Taif Sami informed the Council of Ministers that there is a large deficit in the budget schedules ."

He added, "Under current conditions, there will be no budget this year due to the decline in oil prices, which has directly impacted financial revenues and increased the deficit in the 2025 budget ."

The source explained that "if the budget is cancelled, Finance Minister Taif Sami may issue a decision to release bonuses and promotions for state employees that were halted and delayed due to the budget."

On April 16, the Parliamentary Finance Committee warned against adjusting the price of a barrel of oil in the Iraqi federal general budget due to the decline in global oil prices .

Committee member Jamal Kocher told Shafaq News Agency, "The price of a barrel of oil was set in the general budget law at $70 per barrel. At the time, the price of a barrel of oil was more than $70. It is not yet known whether the government has adjusted the price of a barrel of oil in the budget or not ."

Kocher pointed out that "the Iraqi state's operating budget is only 90 trillion dinars, and if the price of a barrel of oil falls below $60 and this is not addressed, this will lead the country to enter a financial crisis, and the government will spend the financial revenue from oil on employee salaries only   link

Mot: . Spring is in da Air!!!!

Mot Sorry!! --- ((( heeee heeee heeee ))) 

Iraq Economic News And Points To Ponder Tuesday Afternoon 4-29-25

The Dollar Continues To Bleed Against The Iraqi Dinar.

Economy |  04/29/2025  Mawazine News – Baghdad   - The exchange rate of the US dollar against the Iraqi dinar decreased in Baghdad markets on Tuesday.

The dollar price decreased on the Al-Kifah and Al-Harithiya stock exchanges, recording 144,650 dinars for every $100, while the price was 145,300 dinars for every $100 on Monday morning.

Selling prices also decreased in exchange shops in Baghdad's local markets, where the selling price 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=260985

Government Advisor: Iraq Is In A Prosperous And Prosperous Era Despite The Difficulties Of The International Economy.

Time: 2025/04/29 Read: 3,645 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that operating expenses, which include salaries and other expenses, constitute approximately 57% of total annual spending in Iraq, and are fully covered as construction projects proceed at an accelerated pace.

Saleh explained in a statement to Al Furat News Agency, "This confirms the success of fiscal space management in supporting the country's financial, economic, and developmental sustainability, even in light of the relative decline in the oil asset cycle."

He pointed out that this has had a positive impact on citizens' living conditions, as annual growth in the general price level, or the inflation index, has remained below 4% per year, a key indicator in the country's stability roadmap and maintaining its standard of living.

Saleh described the current situation as a "prosperous and prosperous era" despite the difficulties facing the regional and global economies.

He noted that Iraq ranks third in the West Asia region in terms of GDP composition, after Saudi Arabia and the United Arab Emirates, among the group of Arab countries with high annual national incomes, according to the latest international indicators and estimates.   LINK

Basra Crude Oil Prices Stabilize At Around $67.44

economy | 09:31 - 04/29/2025  Mawazine News - Baghdad -  Iraqi oil prices stabilized on Tuesday during weekly trading in the global market.
According to a report reviewed by Mawazine News, Basra Medium crude oil recorded around $67.44 per barrel, while Heavy crude oil recorded $64.28 per barrel, with a change of -0.22 for both.
The report also showed an increase in global oil prices, with British Brent crude recording $65.22, while US West Texas Intermediate crude oil recorded $61.42 per barrel, with a change of -0.64 and -0.62, respectively.    https://www.mawazin.net/Details.aspx?jimare=260981

Oil Announces Final Statistics On Exported Quantities During Last March

Energy  Economy News – Baghdad  The Ministry of Oil announced on Tuesday the final statistics on exported quantities during the month of March, indicating that revenues amounted to approximately $8 billion. 

The ministry said in a statement seen by Al-Eqtisad News that "total oil revenues amounted to approximately $8 billion last month."  She explained that "total oil exports amounted to (106,663,211) barrels."

The ministry continued, "The quantities of exported barrels of Basra oil amounted to (104,740,398), while the quantities of exported barrels of Kirkuk oil - Qayyarah field amounted to (1,613,048), while the quantities of exported barrels from the modern Kirkuk oil depot to Jordan amounted to (309,765)." 67 views  04/29/2025 - https://economy-news.net/content.php?id=54946

Baghdad Hosts A Unique Event On Innovation. Global Companies: Iraq Is Moving Forward With Digital Transformation

Tuesday, April 29, 2025, 4:39 PM | Economic Number of reads: 181  Baghdad / NINA / The capital, Baghdad, hosted the Dell Technologies Data Innovation Conference, with the attendance of government, parliamentary, and academic community figures, as well as businessmen and investors from the private sector in Iraq, to ​​learn about the latest releases and technologies of modern information systems provided by Dell.

Dell experts reviewed the role of technology in leading digital transformation, stressing that Iraq is making rapid strides in digital transformation. "We contribute with public and private sector institutions to develop technology in Iraq, as well as help in developing plans and strategies for digital transformation, and defensive plans against cybersecurity attacks,"

said Sami Samara, Dell Regional Director in Iraq, in an interview with the National Iraqi News Agency ( NINA

). He added, "Through cooperation with the public and private sectors, we will offer extensive experience gained from America, Europe and Asia, with the aim of sharing this experience with the Iraqi market and developing it to achieve various successes in the technology and artificial intelligence sector. We also work with our local partners and with the public and private sectors, as we excel in designing and competitive growth for institutions."

He continued, "There are specific requirements for the banking, business, communications, health, defense, and cybersecurity sectors. Each of these sectors has its own unique characteristics and requirements, which is why we can identify the priorities and work systems in these sectors."

He emphasized that "Iraq is making rapid strides, and there is significant development and significant support from the government through clear directives. Today, there is Iraqi expertise, a workforce, and a growing knowledge base for the younger generation in modern technology."

In turn, the Managing Director of Global Technology Company, Ziad Al-Ani, confirmed in an interview with the National Iraqi News Agency ( NINA ), that this event is a true result of joint work and not the beginning of a new project.

He added, "The continued support of the Prime Minister and the government's orientation towards technological and technical development in Iraq has placed the Iraqi market at the forefront of international companies' interests, so that they prepare to work within Iraq themselves instead of choosing agents and representatives."

He added, "The government's strategy for digital transformation and infrastructure to be a distinguishing mark of the government's work conveys a true picture to decision-makers in international companies of Iraq's seriousness in building and developing this system."

He continued, saying, "The greatest attention is focused on the government sector due to the urgent need, as Iraq has actually begun entering the field of digital technology since 2022-2023, and there is increasing demand in the local market to attract these needs." He pointed out that there are many mechanisms for digital transformation to place Iraq among the ranks of global countries.

He added, "After 2003, we have a young generation aged 22-26 years old who are qualified to lead the digital transformation, and this is evidence that Iraq He has the human potential and economic strength of the state that makes the local market an effective market. /End https://ninanews.com/Website/News/Details?key=1223779

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-29-25

Good Evening Dinar Recaps,

HISTORIC: AI WILL BEGIN DEVELOPING LAWS IN THE UAE

The government of the UAE has launched what it calls the first AI-based legislative system, allowing synthetic agents to develop laws and monitor their effects through big data analysis.

UAE Enables AI Interaction in Lawmaking With New Smart Legislative System

Artificial Intelligence (AI) has begun to penetrate all aspects of human life, and governance is next. On April 14, the government of the United Arab Emirates (UAE) approved the implementation of what the media is calling the first AI-powered legislative system, paving the way for the proposal of law projects with significant synthetic participation.

The system will link all judicial rulings to their established jurisdictions, creating a map that connects these rulings with AI elements. As a participant in this system, the AI will be able to monitor these developments and study the effects of regulations in each jurisdiction with the help of this map.

Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and a member of the cabinet that approved this development, expects AI to significantly improve the legislative process in the UAE.

In this regard, he stated:

"The new AI-based legislation system will create a qualitative shift in the legislative cycle, its speed, and its accuracy, ensuring our national legislative excellence and keeping our laws in line with best practices and the highest aspirations."

Al Maktoum also highlighted that the system will be able to propose legislative amendments on an ongoing basis, supported by the analysis of their effects using big data and statistics. Official reports stated that the expectation is for this tool to enhance the efficiency of the legislative process and accelerate the legislative issuance cycle by up to 70%.

This new approach to legislation will also create new roles for AI agents, such as legislative researchers, legislative editors, and legislative monitors.

However, neither the technical details of the implementation nor the models to be used for this system were specified by UAE authorities.

@ Newshounds News™
Source:  Bitcoin

~~~~~~~~~

US SENATE MAJORITY LEADER EXPECTS STABLECOIN VOTE BEFORE MAY 26 — REPORT

Lawmakers in the US Senate will reportedly move forward with a vote on the GENIUS stablecoin bill before the Memorial Day holiday.

US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday.

According to an April 29 Politico report, Thune made the comments in a closed-door meeting with Republican senators, who hold a slim majority in the chamber. 

The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, was introduced by Senator Bill Hagerty in February and passed the Senate Banking Committee in March.

Thune did not mention any crypto or blockchain-related bills in his public comments on US President Donald Trump’s first 100 days in office. Since his Jan. 20 inauguration, Trump has signed several executive orders with the potential to affect US crypto policy, including one affecting stablecoins. Still, many of the actions do not carry the force of law without an act of Congress.

The proposed GENIUS bill could essentially restrict any entity other than a “permitted payment stablecoin issuer” from issuing a payment stablecoin in the United States. 

The House of Representatives, also controlled by Republicans, has proposed a companion bill to the legislation: the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act.

Trump accused of conflicts of interest over stablecoins, crypto ventures

The president’s executive order, signed on Jan. 23, established a working group to study the potential creation and maintenance of a national crypto stockpile and a regulatory framework for stablecoins. Republican lawmakers followed by introducing the STABLE and GENIUS acts.

Trump also introduced the order before World Liberty Financial, a crypto firm backed by the president’s family, launched its US-dollar pegged USD1 stablecoin.

 Many Democratic lawmakers said that Trump’s ties to the firm, coupled with his political influence and position, could present an “extraordinary conflict of interest that could create unprecedented risks to our financial system” as Congress considers the two stablecoin bills.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Tuesday afternoon 4-29-25

Good Afternoon Dinar Recaps,

VISA, STRIPE, AND MASTERCARD DRIVE STABLECOIN GROWTH IN 2025

▪️Stablecoins are transitioning from a crypto niche to a significant force in global finance.

▪️Major financial firms like Visa, Mastercard, and Stripe are actively integrating stablecoin technology.

▪️Stablecoin transaction volumes now surpass Visa's, indicating rapid mainstream adoption.

Stripe Embrace Stablecoins

There’s no denying the shift – traditional finance is embracing stablecoins. Visa has launched its Tokenized Asset Platform to help manage stablecoins and tokenized deposits. Stripe, meanwhile, is testing stablecoin payments to make it easier for businesses outside the US and EU to access US dollars.

Mastercard has introduced features that allow consumers to spend in stablecoins and merchants to receive payments in these digital currencies worldwide.

Stablecoin Market Overview

The stablecoin market is booming, with a total market cap of $243.1 billion, according to Coingecko. Tether (USDT), USDC, and USDS lead the charge, with market caps of $148 billion, $62 billion, and $7.6 billion, respectively. In terms of transaction volume, Tether dominates with over $51 billion, followed by USDC with $11 billion.

Stablecoin Transaction Volume Surpasses Visa

In an impressive shift, stablecoins now process more transactions on a weekly basis than Visa. This signals their growing influence in the global financial system and suggests they’re quickly becoming a mainstream financial tool that challenges traditional payment networks.

The Future of Stablecoins: What’s Next?

Billionaire investor Chamath Palihapitiya predicts that the stablecoin sector will see significant growth throughout 2025, with US dollar-backed stablecoins emerging as the biggest winners. He believes these stablecoins will become a core component of the global financial system, further solidifying their position in the market.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~ 

CIRCLE SECURES USDC REGULATORY NOD IN ABU DHABI, ENTERS TECH ECOSYSTEM

Circle's FSRA approval in Abu Dhabi sets stage for significant USDC expansion across the Middle East and Africa.

Circle, the issuer of the USDC stablecoin, has secured initial approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.

The approval, announced on April 29, allows Circle to move closer to receiving a full Financial Services Permission (FSP) to operate within the Abu Dhabi Global Market (ADGM).

This progress comes just months after Circle’s incorporation in ADGM in December 2024. It marks a significant step in the stablecoin issuer’s plan to offer compliant financial services across the Middle East and Africa (MEA).

Circle stated that the approval strengthens its position as a trusted player in the expanding world of regulated digital finance.

The firm continued that the move would allow it to expand the reach of USDC, the second-largest US dollar-pegged stablecoin by market capitalization, throughout the Middle East.

According to the firm, this would significantly boost USDC’s adoption in a region increasingly turning toward digital assets and adequately compete against Tether’s USDT, the largest stablecoin by market cap.

Circle’s CEO, Jeremy Allaire, said:

“[This creates] new pathways for investment and innovation in the region. It also underscores Circle’s enduring commitment to global stablecoin oversight—strengthening trust, compliance, and adoption worldwide, while laying a resilient foundation for the internet financial system.”

Collaboration with Hub71 to boost innovation

Beyond its regulatory success, Circle has partnered with Hub71, Abu Dhabi’s leading global tech ecosystem.

This partnership is focused on promoting digital asset innovation and strengthening the region’s fintech infrastructure.

Circle will work with Hub71 to tap into ADGM’s digital regulatory sandbox, a framework designed to test and support new financial technologies. The collaboration will give fintech founders access to grants, funding networks, and opportunities to scale their businesses.

Additionally, Circle will become part of Hub71’s Digital Assets Specialist ecosystem. This growing community includes more than 500 tech startups and venture capital partners.

Ahmad Ali Alwan, CEO of Hub71, said:

“Circle’s expertise will enrich our digital assets ecosystem, providing Hub71 founders with greater access to resources, mentorship, and growth opportunities. Through this partnership, we are enabling the adoption of leading digital financial infrastructure that supports startup growth and drives the evolution of Web3 and digital finance from Abu Dhabi.”

@ Newshounds News™
Source:  CryptoSlate

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Tuesday Morning 4-29-25

A State-Owned Bank Details The Mechanism For Obtaining The 200 Million Dinar Loan

Banks   Economy News – Baghdad  Rashid Bank announced on Monday details of the mechanism for obtaining a home purchase loan worth up to 200 million dinars, allocated to employees whose salaries are domiciled with the bank and citizens in general.  The bank explained in a statement received by Al-Eqtisad News that the loan will be disbursed in two installments:

The first installment is disbursed after submitting the documents required to open a statement from the Real Estate Registration Department. It amounts to 50 million dinars if the requested loan amount is 100 million dinars or more, and 25 million dinars if it is less than 100 million dinars.

The second payment is disbursed after the mortgage transaction is completed.

He pointed out that if the borrower wishes to obtain the full loan amount, he can submit an alternative real estate deed in his own name or in the name of a third party, and mortgage it to the bank for a period of six months until the new property is submitted. A property registered in the borrower's name may also be accepted to obtain the full loan.

The bank explained that the guarantees include mortgaging the property to the bank, with a guarantor covering half the loan amount and interest from the guarantor's salary. The bank may accept more than one guarantor if necessary, provided their salary is domiciled with the bank. https://economy-news.net/content.php?id=54905

The Minister Of Foreign Affairs Stresses The Need To Simplify Consular Services Provided To The Iraqi Community In The United States And Improve Their Quality

Monday, April 28, 2025 9:50 PM | Politics Number of reads: 197  Baghdad / NINA / Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein stressed the need to simplify consular services provided to the Iraqi community in the United States and improve their quality.

A statement by the Ministry of Foreign Affairs said: "The Minister visited the Embassy of the Republic of Iraq in Washington, on Monday, where he met with the Iraqi Ambassador to the United States of America, Nizar Al-Khairallah, and members of the embassy staff."

The visit came, according to the statement, within the framework of following up on the progress of diplomatic work and strengthening relations between Iraq and the United States, coinciding with the discussions that the Minister is holding with American officials during his current visit to Washington.

During the meeting, the Foreign Minister discussed with the embassy staff ways to develop the strategic partnership between the two countries, especially in the political, security and economic fields, in line with the agreements signed between the two sides, foremost of which is the Strategic Framework Agreement.

The meeting also discussed, according to the statement, the ongoing preparations for the meeting of the Joint High Committee between Iraq and the United States, scheduled to be held soon, which will discuss cooperation in several fields, stressing the importance of good preparation for these meetings.

The Minister praised the great efforts made by the Ambassador and the embassy staff in this framework, pointing to  the importance of strengthening coordination between the two countries in light of the current regional developments.

In the same context, Fouad Hussein stressed the need to simplify consular services provided to the Iraqi community in the United States, stressing the importance of improving their quality.

For his part, Ambassador Nizar Al-Khairallah expressed his appreciation for this visit, describing it as “a supportive step for diplomatic work that comes in light of the great circumstances and challenges facing the region.” /End   https://ninanews.com/Website/News/Details?key=1223643

In Cooperation With The United Nations Development Programme, The Ministry Of Planning Discusses Updating The Private Sector Strategy (2014-2030)

Monday, April 28, 2025 17:46 | Economic Number of reads: 143  Baghdad/ NINA / The Ministry of Planning, in cooperation with the United Nations Development Program, held a workshop on Monday to update the private sector strategy (2014-2030).

Sabah Jundi Mansour, Director General of the Economic and Financial Policies Department, chaired the workshop. He explained that the private sector is a fundamental pillar for achieving sustainable economic development, as it represents an effective partner in building a diversified and strong national economy.

He affirmed the committee's commitment to strengthening the role of this sector by developing a clear and integrated vision that responds to current challenges and invests in future opportunities.

He pointed out that this workshop represents an important step in a long path that requires concerted efforts and active participation from all parties, including the government, the private sector, civil society, and international partners. He pointed out that the success of updating this strategy depends on transparent dialogue, creative ideas, and a shared vision aimed at creating a stimulating economic environment that generates job opportunities and enhances innovation and investment.

He emphasized the government's endeavor to support the private sector to be a major driver of growth and economic development in the long term. https://ninanews.com/Website/News/Details?key=1223611

Al-Atwani: Oil Price Fluctuations Require Us To Seek Alternative Sources Of Revenue.

Money and Business  Economy News – Baghdad   Parliamentary Finance Committee Chairman Atwan al-Atwani stressed on Monday that fluctuating oil prices and their impact on the budget require us to seek alternative and sustainable sources of revenue.

A committee statement, seen by Al-Eqtisad News, stated that "the Parliamentary Finance Committee, headed by Atwan Al-Atwani, held an expanded two-day workshop to discuss ways to maximize revenues, in cooperation with the International Partners Foundation, with the participation of experts, consultants, university professors, and relevant official bodies."

The statement added, "The workshop focused on discussing the proposed amendments to the Federal Revenue Control Authority Law, where many opinions and proposals were put forward that revolved around the need to activate the work of the Authority, and to strengthen and activate...

And to activate its powers, particularly with regard to the process of assessing state revenues and the means of collecting them, with the aim of preserving public funds and promoting sustainable development.

Al-Atwani noted that "the workshop is at the heart of our efforts to enhance the country's financial sustainability and represents a real opportunity to come up with practical, applicable recommendations that contribute to achieving our shared goals.

" He added that "our fruitful cooperation with the International Partners Foundation represents a valuable addition to our efforts, and we appreciate their support and expertise in this vital field."

He noted that "exchanging expertise and knowledge with leading international institutions will undoubtedly contribute to enriching discussions and providing innovative solutions."

Al-Atwani stressed, according to the statement, that "the fluctuations in oil prices and their impact on the budget require us to seek alternative and sustainable sources of revenue."

He noted that "the path to a sustainable economy may be fraught with challenges, but it is also rich with opportunities," stressing that "the Parliamentary Finance Committee looks forward to this workshop being a true starting point toward building a more stable and prosperous economic future."

He continued, "Our economy's decades-long dependence on oil revenues has made the country's financial situation fragile and weakened our ability to achieve sustainable development goals. This requires serious work to overcome this 'single dependence'." He emphasized that "economic diversification is no longer a complementary option, but rather an urgent necessity and a strategic imperative for building a multifaceted economy based on diverse productive and service sectors capable of generating wealth and creating added value.

" He noted at the same time that it is "the best way to protect our economy against external shocks, expand the base of economic growth, and provide sustainable opportunities for our future generations."

He pointed out that "the ongoing fluctuations in oil prices and their impact on the state's general budget require us to seek alternative and sustainable sources of revenue that will contribute to financing development projects and improving services."https://economy-news.net/content.php?id=54923

Al-Sudani Stresses The Importance Of The Project Financing Initiative And Its Effective Impact On The Growth Of The Industrial Sector

Banks   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani stressed on Monday the importance of the project financing initiative and its effective impact on the growth of the country's industrial sector. He noted that launching initiatives must be credible, with the necessary infrastructure in place.

The Prime Minister's Media Office stated in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on the implementation of the Industrial Projects Financing Initiative and the reasons for the delay in implementing Cabinet Resolution No. 24930 of 2024."

The statement added that "the meeting witnessed a detailed discussion of the initiative's overall dimensions and its beneficiaries, and effective solutions were reached to ensure the sustainability of project support, including providing the necessary funding to launch project lending through the Industrial Bank and inviting industrialists to start promoting their completed projects."

According to the statement, the Prime Minister stressed "the importance of the project financing initiative and its effective impact on the growth of the industrial sector in the country," noting that "launching initiatives must be credible by providing the necessary structures for them in terms of regulation, financing, and implementation, and that failure to implement the initiatives will affect the development process."

The Prime Minister stressed "the government's support for the private industrial sector and giving it priority in attention, support, and facilitating procedures and financing, which constitutes a foundation for advancing economic development, providing job opportunities for youth, and achieving self-sufficiency in a number of strategic industries."https://economy-news.net/content.php?id=54920

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-29-25

Good Morning Dinar Recaps,

CARDANO LACE WALLET INTEGRATES BITCOIN, BOOSTING CROSS-CHAIN CAPABILITIES

▪️Charles Hoskinson announced on Monday that Bitcoin integrates into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities.

▪️This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality.

▪️The news failed to move Cardano’s price significantly, but suggests a positive outlook for ADA.

Cardano (ADA) co-founder Charles Hoskinson announced Monday that Bitcoin (BTC) is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality.

The news failed to move Cardano’s price significantly, with ADA trading in a narrow range near $0.70 at the time of writing on Tuesday, but it suggests a positive outlook for the token.

Cardano’s co-founder welcomes Bitcoin

On Monday, Charles Hoskinson announced on his X post that Bitcoin is integrated into the Lace Wallet, a non-custodial wallet platform developed by Input Output Global (IOG), one of the key organizations behind the Cardano blockchain. Lace allows users to send, receive, and stake Cardano’s native cryptocurrency, ADA, and manage other digital assets on the network.

“With this release, Lace becomes even more accessible and versatile, introducing Firefox support, the beta rollout of Bitcoin, and several performance improvements under the hood,” says Lace in its blog post.

This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality. However, this news did not significantly impact Cardano’s price on Monday; nonetheless, it suggests a positive outlook for the long term as it expands Cardano’s ecosystem, enhances its cross-chain capabilities, and boosts wider adoption.

Cardano's technical outlook suggests a rally if it closes above $0.74

Cardano price is facing resistance around its 200-day Exponential Moving Average (EMA) at $0.71 since last week and declined to find support at the 61.8% Fibonacci retracement (drawn from the August 5 low of $0.27 to the December 3 high of $1.32) at $0.66 on Monday. At the time of writing on Tuesday, ADA hovers around the 200-day EMA at $0.71.

If ADA breaks above the 200-day EMA and closes above its weekly resistance level at $0.74, it could extend the rally to retest its next daily resistance at $0.80.

The Relative Strength Index (RSI) stands at 59, indicating bullish momentum, as it is positioned above its neutral level of 50. The Moving Average Convergence Divergence (MACD) also exhibited a bullish crossover last week, providing a buy signal and indicating a potential continuation of the upward trend.

However, if ADA’s daily candlestick closes below the 61.8% Fibonacci level at $0.66, it could extend the decline to retest its April 22 low of $0.61.

@ Newshounds News™
Source:  FX Street

~~~~~~~~~

SOUTH KOREA'S RULING PARTY VOWS TO APPROVE SPOT CRYPTO ETFS, SCRAP KEY BANKING RULE

South Korea’s People Power Party has pledged crypto reforms, including ETF approval and banking rule repeal, ahead of the June election.

▪️South Korea’s People Power Party has pledged to approve spot crypto ETFs and scrap South Korea’s "one exchange, one bank" rule if they win.

▪️The party’s crypto agenda includes corporate crypto trading, stablecoin regulation, and a new Virtual Asset Special Committee this year.

▪️The election outcome could decide the fate of reforms, with opposition leader Lee Jae-myung leading in the polls ahead of the June 3 vote.

South Korea’s People Power Party has vowed to approve spot crypto ETFs, dismantle a major banking restriction, and overhaul digital asset laws before the end of the year, local media reported Monday.

The party revealed its digital asset pledge just weeks after the country’s impeached president, Yoon Suk Yeol, was removed from office for illegally imposing martial law, a political shock that has formed the basis for a fiercely contested snap election on June 3.

The PPP’s proposals include abolishing the "one exchange, one bank" rule, which restricts crypto exchanges to a single banking partner —a regulation blamed for entrenching monopolies and limiting consumer choice.

"It is very restrictive not to be able to trade virtual assets through the bank of your choice," Rep. Park Soo-min said on Monday during the emergency response committee meeting held at the National Assembly.

The PPP has also pledged to legalize spot crypto ETFs within the year. Park stressed the urgency of approval, pointing to the U.S. Securities and Exchange Commission’s (SEC) decision to greenlight spot Bitcoin ETFs last January.

In addition, the party said in its agenda that it would also institutionalize corporate and institutional investor participation in the crypto market within this year.

If PPP wins, starting in Q2, non-profits can engage in crypto trading, with broader participation from around 3,500 corporations and investment firms.

‘Golden standard’

During the committee meeting, Rep. Choi Bo-yoon said that PPP also plans to introduce a "global standard" regulatory system for stablecoins, local media reported.

To oversee the implementation of its digital asset agenda, the party seeks to establish a Virtual Asset Special Committee directly under the presidential office.

The PPP has vowed to enact the Framework Act on the Promotion of Digital Assets, which would subdivide exchange operations, create listing regulations, and introduce a disclosure system for digital asset transactions.

The party’s push aligns with a global shift toward crypto deregulation, triggered by U.S. President Donald Trump’s moves to repeal DeFi broker reporting rules, authorize the creation of a national Bitcoin stockpile, and place crypto as a core element of American financial policy.

Invoking Trump-era deregulation, PPP presidential candidate Hong Joon-pyo recently vowed to “eliminate regulations as much as the Trump administration did” and pledged to expand blockchain applications across South Korean public services.

Still, whether the PPP’s agenda can move forward will depend on the election outcome.

Democratic Party candidate Lee Jae-myung has campaigned on restoring democratic norms and stabilizing the economy, but has offered few specifics about his stance on regulating digital assets.

Current polling shows Lee, who narrowly lost the 2022 race, now holding a commanding lead over his rivals, according to local media.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 4-29-2025

TNT:

Tishwash:  Head of the Iraqi Private Banks Association: Arab and foreign investments in Iraq reached $63 billion in two years.

The head of the Iraqi Private Banks Association, Wadih Al-Handhal, announced that the Union of Arab Banks will hold its next conference in the capital, Baghdad, under the patronage of Iraqi Prime Minister Mohammed Shia Al-Sudani, in cooperation with the Central Bank of Iraq and the Iraqi Private Banks Association. 

In his speech at the Union of Arab Banks conference currently being held in Cairo, under the title of Public-Private Partnership, Al-Handhal said, "The current Iraqi government has taken a major role in achieving public-private partnerships, starting with the establishment of the Private Sector Council."

He noted that the private banking sector has begun to expand significantly following the partnership with the government, represented by the expansion of electronic payments and government institutions contracting with companies and banks to develop the infrastructure for government electronic payments.

 He added that electronic payments via bank cards in 2024 reached more than 21.1 trillion dinars, through more than 58.4 million transactions, compared to just over 7,000 transactions in 2017. This represents a significant development. 

 He stressed that the volume of Arab and foreign investments in Iraq over the past two years reached $63 billion, and this came as a result of the partnership between the government and the private sector. 

 He explained that the development path represents a major gateway to public-private partnerships, and that everyone can participate in this project, which contributes to the development of Iraq's gross domestic product. link

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

Tishwash:  MP: Parliament will resume its sessions normally within the next two days - Urgent

 Member of Parliament Jawad Al-Yasari confirmed, on Monday (April 28, 2025), that the Iraqi Parliament will resume its sessions normally within the next two days.

The leftist told Baghdad Today, "The House of Representatives will resume its sessions within the next two days, and there is a determination and will to do so from the House Presidency, and there is an understanding with the parliamentary blocs, with the aim of exploiting the last months of the House's term to pass important laws."

He added that "any controversial law will not be put on the agenda without prior agreement between the parliament's presidency and the leaders of the parliamentary blocs to ensure that sessions are not disrupted, as has happened in the past period." He indicated that "in the coming hours, a date will be set for the resumption of weekly sessions as normal."

Last Saturday, the Parliamentary Legal Committee confirmed that the term of the Iraqi Parliament's legislative and oversight body had "expired."

Committee member Mohammed Anouz told Baghdad Today, "The Iraqi parliament's legislative and oversight role has come to an end due to a political will to obstruct the council's work until the next parliamentary elections. This session has been deliberately obstructed by political disputes since the beginning of the session and continues to this day."

He explained that "there is a deliberate attempt to keep the House of Representatives inactive so as to prevent requests for interpellation and accountability for some officials who enjoy political and partisan protection, as well as to obstruct the passage of some laws so that they remain a bargaining chip and blackmail tool in the hands of some political parties during the coming period. That is why we say that the life of the legislative and oversight council has ended because of these influential political parties."

The scene of a parliament in limbo or in session has become a part of political life in Iraq. Citizens may have grown accustomed to this recurring pattern, or may consider themselves unconcerned with what transpires within the parliament, which could translate into a reluctance to participate in or a boycott of the upcoming parliamentary elections.  link

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

Tishwash:  The Finance Committee discusses oil price fluctuations and the regulatory law with international partners.

On Monday, April 28, 2025, the Parliamentary Finance Committee discussed the fluctuations in oil prices and their impact on the budget, with the International Partners Foundation, and with the participation of experts, consultants, university professors and official bodies, in an important workshop to discuss the proposed law for the first amendment to the Federal Revenue Control and Allocation Authority Law No. (55) of 2017.

The House of Representatives' media office said in a statement received by Al-Jabal that it "held an expanded two-day workshop to discuss ways to maximize revenues, in cooperation with the International Partners Foundation, with the participation of experts, consultants, university professors, and relevant official bodies." 

 Committee Chairman Atwan Al-Atwani noted that "over time and the increasing complexity of the economic landscape have demonstrated the need to review, update, and amend the Authority's legal framework." He explained that "the Finance Committee in the House of Representatives is currently leading a significant legislative effort aimed at introducing the first amendment to Law No. 55 of 2017, a move that reflects an awareness that the law in its current form may not be sufficient to address emerging challenges or fully achieve the ambitious goals set for the Authority."

The International Partners Foundation presented a presentation by Mr. Ken McIntosh and Lord Jeremy Purves, highlighting the most prominent problems and challenges facing the Iraqi economy. They presented the Foundation's vision for overcoming these obstacles, emphasizing the Commission's pivotal role in monitoring and overseeing the allocation of revenues to achieve financial stability and enhance transparency.

 According to the statement, "The proposed first amendment, which the House of Representatives completed its first reading, aims to address challenges and enhance the Authority's role through several axes addressed in the interventions and discussions during the workshop, most notably the Authority's role in verifying the fair distribution of revenues when preparing the draft federal general budget, and the accuracy of calculating allocations according to principles and standards determined by a special and precise system.

Approaching the relevant authorities to provide the Authority with the necessary information and documents to enable it to perform its duties effectively. Investigating and investigating to accurately determine the sources and components of federal revenues."

 The workshop also included hosting representatives of ministries to exchange advice and opinions, with a focus on the importance of expanding the authority's mandate to include evaluating the performance and financial effectiveness of government institutions, in addition to the need to clearly define the authority's powers to avoid overlapping tasks with other institutions, according to the statement.

 The workshop's primary objective, according to the statement, was to "consult and gather input from key stakeholders, including representatives of federal ministries, the regional and local governments, financial and legal experts, and representatives of the International Partners Foundation, on the proposed draft amendment.

The workshop also sought to develop the draft amendment based on the comments and suggestions submitted, with the aim of finalizing it before presenting it for a second reading in the House of Representatives. Additionally, it explored how to enable the Commission to carry out its expanded mandate efficiently and effectively."  link

Mot: Poor Little Critter ----- 

Mot: . Getting Perspective!!!!!  College degrees

MilitiaMan & Crew: Iraqi Dinar News-Iraq Central Bank-Value National Currency-World Bank-IFC-Private Sector Pillar

MilitiaMan & Crew: Iraqi Dinar News-Iraq Central Bank-Value National Currency-World Bank-IFC-Private Sector Pillar

4-28-2025

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=pMPHs8BEsgg

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

Good Evening Dinar Recaps,

ARIZONA LEGISLATURE PASSES BITCOIN RESERVE BILL, SENDS IT TO GOVERNOR’S DESK: BLOOMBERG GOVERNMENT

▪️The bill, called the Arizona Strategic Bitcoin Reserve Act, was passed on Monday by Arizona’s state legislature, Bloomberg Government reported.

▪️If signed by Democratic Governor Katie Hobbs, the state would be the first to require public funds to invest in bitcoin.

Lawmakers in Arizona have passed a bill allowing the state treasurer and retirement system to invest up to 10% of available funds in digital assets, specifically bitcoin, sending it to the governor’s desk for approval, according to Bloomberg Government.

The bill, called the Arizona Strategic Bitcoin Reserve Act, passed Monday in the state legislature, Bloomberg Government reported.

"This bill represents an emerging approach by a state government to integrate cryptocurrency into public financial management, reflecting the growing mainstream acceptance of digital assets," according to the bill text's summary.

The bill's cosponsors are both Republicans: Sen. Wendy Rogers and Rep. Jeff Weninger. If signed by Democratic Governor Katie Hobbs, the state would be the first to require public funds to invest in Bitcoin.

Several states, including Iowa, Missouri, and Texas, are weighing whether to establish a strategic bitcoin reserve. At the federal level, President Donald Trump signed an executive order in March establishing a strategic bitcoin reserve and digital asset stockpile.

Some asset managers have weighed in on how much bitcoin investors should hold. BlackRock recommended in December allocating 1% to 2% of a portfolio to bitcoin, according to Business Insider. Fidelity has suggested a slightly higher range, recommending 2% to 5%.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

CONGRESS STRUGGLES TO MEET TRUMP’S AUGUST DEADLINE FOR U.S. CRYPTO REGULATION

▪️Congress accelerates efforts to finalize U.S. crypto legislation before President Trump’s August deadline.

▪️Lawmakers push for market structure and stablecoin bills as industry calls for action on DOJ prosecution.

▪️The crypto industry urges intervention from Trump’s Crypto Czar as legal battles over developer accountability heat up.

As lawmakers return to Capitol Hill after a two-week recess, crypto legislation is at the top of their agenda. With just three months left before President Trump’s August deadline, Congress has a lot of work ahead to craft laws that could define the future of digital assets in America.

Eleanor Terrett took to X to give a *spicy* update on everything that’s brewing.

Crypto Legislation: The Countdown Begins

Lawmakers are hard at work to push through two key bills: the market structure and stablecoin regulations. With little time left before the August deadline, there’s not much room for error. And let’s be honest, it was about time.

Last Friday, the House Financial Services Committee scheduled a joint hearing with the House Agriculture Committee for May 6, titled “American Innovation and the Future of Digital Assets.”

It’s clear that Congress is aiming for a forward-thinking approach.But can they pull it off in time? That’s the million-dollar question.

House Financial Services Committee Chairman French Hill (R-AR) shared that a discussion draft of the new legislation is expected soon. This draft is an updated version of last year’s FIT21 market structure bill. Meanwhile, Senate staffers are working on their own version, incorporating elements from both the 2022 Lummis-Gillibrand Responsible Financial Innovation Act and the FIT21 bill.

Industry Leaders Step Up: DOJ, It’s Time to Listen

While Congress scrambles, the crypto industry is raising its voice.

A petition led by the DeFi Education Fund, along with key industry leaders, has been launched urging President Trump’s Crypto and AI Czar, David Sacks, to intervene in the Department of Justice’s prosecution of Tornado Cash co-founder Roman Storm.

The petition argues that developers shouldn’t be criminally liable for how bad actors use their code, especially when they have no control over it. The legal theory behind the prosecution has the potential to seriously impact innovation.

If lawmakers want to ensure the growth of the crypto ecosystem, this issue needs immediate attention.

What’s Next for Crypto?

With Congress hustling to meet the August deadline and the industry pushing for reform, we’re in for a wild few months.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Economy Entering '1930's-Style' Transformation; Historic Financial Reset | Neil Howe

Economy Entering '1930's-Style' Transformation; Historic Financial Reset | Neil Howe

David Lin:  4-28-2025

Neil Howe, author of "The Fourth Turning" and Director of Demography at Hedgeye Risk Management, discusses global tensions, the potential dissolution of NATO, and how Trump's nationalist policies align with the 80-year historical cycle of societal transformation currently underway.

0:00 – Intro

1:14 – A dangerous moment

 4:16 – New world

9:30 – Trump and Countertrends

13:54 – Global conservatism?

15:44 - Ukraine and Russia

20:13 – NATO

 23:00 – Tariffs and chaos

24:30 – Nuclear conflict

28:25 – Fourth Turning and the economy

 34:23 – Investor advice

35:15 – Tariff resilience

 36:44 – China

 38:01 – Power of the dollar

42:55 – Buying opportunity

45:18 – Generational cycles

46:53 – Steering capital

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

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."

"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/